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Print - 2014-05-17
Juve look for more records, Milan battle for Europe

Juve look for more records, Milan battle for Europe

Champions Juventus take aim at an all-time Serie A points record on Sunday as a four-horse race which could see Milan coach Clarence Seedorf relieved of his duties ensues for the final Europa League place. Crowned champions with two games to spare, Antoni
Published 17 May, 2014 12:00am
Disapproved event: PCB body imposes fine on players

Disapproved event: PCB body imposes fine on players

The committee constituted by Pakistan Cricket Board (PCB) to look into the participation of Pakistani players in a Disapproved Cricket Tournament (Friendship Cup T20) in Houston, USA has recommended fine of Rs 500,000 each upon players who participated in
Published 17 May, 2014 12:00am
Berbatov signs one-year Monaco extension

Berbatov signs one-year Monaco extension

Bulgarian striker Dimitar Berbatov has signed a one-year extension with Monaco that will keep him at the club until the end of next season, the Ligue 1 side announced Friday. The former Manchester United, Tottenham Hotspur and Bayer Leverkusen striker arr
Published 17 May, 2014 12:00am
New trophy for 143-year-old FA Cup

New trophy for 143-year-old FA Cup

The winning captain in Saturday's FA Cup final between Arsenal and Hull City at Wembley Stadium will be presented with a brand new trophy, the Football Association revealed on Friday. A new version of the famous trophy, awarded to the winners of the world
Published 17 May, 2014 12:00am
Ronaldo to return against Espanyol

Ronaldo to return against Espanyol

Real Madrid boss Carlo Ancelotti confirmed Cristiano Ronaldo will return to action when Espanyol visit the Santiago Bernabeu on Saturday, a week ahead of Real's Champions League final against Atletico Madrid. Ronaldo missed his side's 2-0 defeat to Celta
Published 17 May, 2014 12:00am
Pakistan to play two Tests, 3 ODIs in Sri Lanka

Pakistan to play two Tests, 3 ODIs in Sri Lanka

Pakistan will play Tests in Galle and Colombo on their tour of Sri Lanka in August, the Pakistan Cricket Board (PCB) said Friday. The teams will also play three one-day internationals during the short tour, originally not included in Future Tours Programm
Published 17 May, 2014 12:00am
Messi agrees new Barcelona deal

Messi agrees new Barcelona deal

Four-time World Player of the Year Lionel Messi has agreed terms on a new contract with Spanish giants Barcelona, the club confirmed on Friday, likely making him the best paid player in the world. "FC Barcelona has reached an agreement to adjust the terms
Published 17 May, 2014 12:00am
Bayern pair out of German cup final

Bayern pair out of German cup final

Bayern Munich coach Pep Guardiola has confirmed injured midfielder Bastian Schweinsteiger will miss Saturday's German Cup final against Borussia Dortmund in Berlin while striker Mario Mandzukic has been dropped. "Schweinsteiger is injured, he has had a li
Published 17 May, 2014 12:00am
India's Supreme Court adds teeth to IPL probe panel

India's Supreme Court adds teeth to IPL probe panel

The Supreme Court on Friday ordered a tough new investigation into spot-fixing allegations in the Indian Premier League, giving the probe panel additional powers and police assistance. The top court set up a group of investigators, headed by senior police
Published 17 May, 2014 12:00am
Football World Cup brings new Japan-South Korea rivalry

Football World Cup brings new Japan-South Korea rivalry

Japan and South Korea will need to produce something special to meet at the World Cup, but expect a cut-throat battle for bragging rights in one of international football's fiercest rivalries. The tournament will also be tinged with emotion for both sides
Published 17 May, 2014 12:00am
Blatter says summer World Cup in Qatar a 'mistake'

Blatter says summer World Cup in Qatar a 'mistake'

FIFA president Sepp Blatter has said it was a mistake to choose Qatar to host the 2022 World Cup in the summertime, adding that it must be held in the winter instead. When asked if it was a mistake choosing the Middle East country because of its high temp
Published 17 May, 2014 12:00am
ICMAP holds grand national award ceremony

ICMAP holds grand national award ceremony

It was a big day at the Institute of Cost of Management Accountants of Pakistan (ICMAP) where a grand national award ceremony was organised on Wednesday to acknowledge achievements and excellence of both its students and members. The ceremony for this yea
Published 17 May, 2014 12:00am
Khyber Pakhtunkhwa chief minister seeks resumption of peace talks

Khyber Pakhtunkhwa chief minister seeks resumption of peace talks

KP Chief Minister Pervez Khattak has said that they are also concerned over the suspension of peace negotiations, saying the process should go forward. He said that the issue will not be resolved without negotiations. He said that they had authorised cent
Published 17 May, 2014 12:00am
New Hajj policy 2014 challenged in LHC

New Hajj policy 2014 challenged in LHC

Government's new Hajj policy (2014) has been challenged in the Lahore High Court (LHC). An application was filed on Friday in the LHC in which the petitioner raised objections over allotment of quota to private Hajj operators and government's Hajj fares.
Published 17 May, 2014 12:00am
FBR collects Rs 70 billion FED on cigarettes in 9 months

FBR collects Rs 70 billion FED on cigarettes in 9 months

Federal Board of Revenue (FBR) has managed to collect Rs 70 billion as Federal Excise Duty (FED) on cigarettes as of April 2014, and is well placed to collect Rs 87 billion on this account by the end of the current fiscal, a 14 percent YoY increase in col
Published 17 May, 2014 12:00am
Lahore police arrests eight suspects

Lahore police arrests eight suspects

Police arrested eight high profile terrorists during a raid here on Friday and recovered suicide jackets, arms and explosives from their possession. City Chief Police Office (CCPO) Lahore, Shafique Ahmed said that on secret information the police conducte
Published 17 May, 2014 12:00am
Speaker of Swedish Parliament due tomorrow

Speaker of Swedish Parliament due tomorrow

The Speaker of the Swedish Parliament (Riksdag) Per Westerberg will arrive here on Sunday (tomorrow) on a three-day official visit to Pakistan. The Swedish Speaker is accompanied by a twenty-member delegation comprising parliamentarians and leading busine
Published 17 May, 2014 12:00am
Assault case: LHC seeks report

Assault case: LHC seeks report

The Lahore High Court here on Friday taking notice of an incident of assault on a female student in Sharaqpur directed the District & Sessions Judge, Sheikhupura to look into the matter and submit detailed report within a week. According to details, in Tr
Published 17 May, 2014 12:00am
Promotion of education in Fata top priority: Mahtab

Promotion of education in Fata top priority: Mahtab

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has said that promotion of education in Federal Administered Tribal Areas is the top most priority of our government and bright future for the country can only be ensured by providing modern education f
Published 17 May, 2014 12:00am
No forward bloc in PTI Khyber Pakhtunkhwa, says Yousafzai

No forward bloc in PTI Khyber Pakhtunkhwa, says Yousafzai

Terming the so-called formation of forward bloc within the Pakistan Tehreek-i-Insaf, as a propaganda, former provincial minister and PTI provincial leader Shaukat Ali Yousafzai said that PTI workers are united under leadership of their party-chief Imran K
Published 17 May, 2014 12:00am
KP EPI to launch anti-measles campaign from May 19

KP EPI to launch anti-measles campaign from May 19

Deputy Director KP Expanded Programme of Immunisation (EPI), Dr Janbaz Afridi while addressing the participants of a session on Friday arranged for the officers of Information Department about the anti-measles campaign to be launched across the province f
Published 17 May, 2014 12:00am
FIA arrests two persons

FIA arrests two persons

FIA immigration staff on Friday arrested one Ubaidullah on his return from Greece. Ubaidullah proceeded to Greece via illegal land route in 2006 through agent Sarfraz Ahmad against Rs 350,000. It may be noted that Ubaidullah during his stay in Greece obta
Published 17 May, 2014 12:00am
Ufone extends support to Tharparkar victims

Ufone extends support to Tharparkar victims

Pakistan's premier telecom operator, Ufone, pursuing its tradition of being there for Pakistanis in crisis has carried out a relief activity for the famine hit areas of Tharparkar, to help ease the pain of the affected people by the disastrous famine.
Published 17 May, 2014 12:00am
Hakim Said memorial lecture held

Hakim Said memorial lecture held

Professor Dr Attaur Rehman former federal minister of science & technology said that today's world is the world of inventions, discoveries and knowledge-based economy and to pace with the world Pakistan has to prepare its manpower according to the need of
Published 17 May, 2014 12:00am
Former KCCI chief asks government to block prepaid, unregistered SIMs

Former KCCI chief asks government to block prepaid, unregistered SIMs

A former president of Karachi Chamber of Commerce and Industry (KCCI) and a leader of Businessmen Group, Siraj Kassim Teli, demanded of the government to block all prepaid and un-registered SIMs (Subscriber Identification Module without any delay. He also
Published 17 May, 2014 12:00am
OICCI concerned at appalling decline in tax-to-GDP ratio

OICCI concerned at appalling decline in tax-to-GDP ratio

Overseas Investors Chambers of Commerce and Industry (OICCI) has noted with grave concern that despite several legislative measures to make the laws more robust and enforcement more effective, tax-to-GDP ratio is continuously declining, from 13 percent in
Published 17 May, 2014 12:00am
USAID congratulates dairy farmers

USAID congratulates dairy farmers

The US Agency for International Development's (USAID) Entrepreneurs Project on Friday in Karachi held a project close-out ceremony marking the successful completion of Women Empowerment through Livestock Development (WELD) - part of USAID's Dairy Value Ch
Published 17 May, 2014 12:00am
Three cops among seven hurt in Bannu blast

Three cops among seven hurt in Bannu blast

At least seven people were injured on Friday when a bomb exploded near a police vehicle on Railway Road in Bannu district. Three policemen were also among the wounded. Rescue teams immediately reached the site of the incident and shifted the injured to a
Published 17 May, 2014 12:00am
Government asked to make viable economic policies

Government asked to make viable economic policies

All Karachi Tajir Ittehad Chairman Atiq Mir has termed the first year of the PML-N government a 'depressed year' for the country's small businesses, saying that the next fiscal budget should be business-friendly. Talking to Business Recorder here o
Published 17 May, 2014 12:00am
SBP urged to cut key discount rate to 7 percent

SBP urged to cut key discount rate to 7 percent

Industrialists and trader bodies have suggested to State Bank of Pakistan (SBP) to bring down the discount rate to around 6 to 7 percent. They were of the opinion that the SBP should prepare monetary policy keeping in view of the facts that reserves have
Published 17 May, 2014 12:00am
Strike hits life in held Kashmir

Strike hits life in held Kashmir

A general strike against the 'excesses and unjust arrests' by police, affected normal life all across occupied Kashmir Valley. The strike call was given by Hurriyat Conference (G) Chairman Syed Ali Shah Geelani and was supported by a number of other pro-f
Published 17 May, 2014 12:00am
PTI holds protest rally against rigging

PTI holds protest rally against rigging

Pakistan Tehrik-e-Insaf supporters and police clashed on Friday in front of the National Data Base and Registration Authority (NADRA) office during a protest demonstration against alleged rigging in the 2013 general election. Participants of the protest r
Published 17 May, 2014 12:00am
Urban population of world will grow to 5 billion by 2030: UN

Urban population of world will grow to 5 billion by 2030: UN

Surveys and projections indicate that all urban growth over the next 25 years will be in developing countries with Asia leading the race on this front. The UN forecasts that today's urban population of 3.2 billion in the world will rise to nearly 5 billio
Published 17 May, 2014 12:00am
'Punjab hospitals to provide free treatment to orphan children'

'Punjab hospitals to provide free treatment to orphan children'

All government hospitals would provide free treatment facilities to the children housed in the Child Protection and Welfare Bureau while teenage children would be brought in groups to the Children Hospital where pediatricians would check them. Advisor to
Published 17 May, 2014 12:00am
LCCI holding third Africa Show on June 26

LCCI holding third Africa Show on June 26

The Lahore Chamber of Commerce and Industry is holding 3rd Africa Show on May 26th at its premises. The day-long Africa Show would have a Conference, Exhibition, B-2-B meetings and a working dinner in its fold. The Lahore Chamber of Commerce & Industry fo
Published 17 May, 2014 12:00am
Scottish team meets Shahbaz

Scottish team meets Shahbaz

A delegation led by Country Director of a Scottish NGO, CEMVO, Colin Lee met Punjab Chief Minister Muhammad Shahbaz Sharif and matters regarding promotion of co-operation in education, health and other social sectors were discussed. Provincial Minister fo
Published 17 May, 2014 12:00am
'Veterinary, Animal Sciences University' planned in Bahawalpur

'Veterinary, Animal Sciences University' planned in Bahawalpur

Punjab Government decided to set up a modern 'Veterinary and Animal Sciences University' over one thousand acres in Bahawalpur and the site has been identified for this purpose. The project will be completed with the co-operation of Seluck University of T
Published 17 May, 2014 12:00am
Silkbank team visits LSE to participate in CBP

Silkbank team visits LSE to participate in CBP

The senior management of Silkbank Limited visited the Lahore Stock Exchange (LSE) on Friday to participate in the Corporate Briefing Programme (CBP), which is an interactive programme initiated by the LSE under the Corporate Communications Department to e
Published 17 May, 2014 12:00am
Suspension of controversial SRO: LCCI welcomes government decision

Suspension of controversial SRO: LCCI welcomes government decision

The Lahore Chamber of Commerce and Industry (LCCI) on Friday welcomed the government decision to suspend controversial SRO 351(1)2014. The LCCI office bearers, President Sohail Lashari, Senior Vice President Mian Tariq Misbah and Vice President Kashif Anw
Published 17 May, 2014 12:00am
Japan's envoy meets Shahbaz

Japan's envoy meets Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif said there are deep-rooted relations between Pakistan and Japan and the rapid progress made by Japan is a role model for the world community. He was talking to Japanese Ambassador in Pakistan Hiroshi Inomata w
Published 17 May, 2014 12:00am
YouTube ban?

YouTube ban?

Even those outside of the 'liberal-fascist' viewpoint are now beginning to understand that the months-long ban on YouTube is suspect. The question is, who benefits from the YouTube ban in Pakistan? Actually, there is quite a long list of those benefiting
Published 17 May, 2014 12:00am
Forex losses lay bare China's lack of hedging expertise

Forex losses lay bare China's lack of hedging expertise

Many major Chinese companies are only now beginning to get to grips with a problem that offshore rivals have been managing since the birth of modern international finance - currency risk. Until this year, Chinese firms lost little sleep over where the yua
Published 17 May, 2014 12:00am
New York's pension 'smoothing' may short-change retirement

New York's pension 'smoothing' may short-change retirement

New Yorkers who rely on the state pension fund for their retirement may be short-changed about $735 million over the next 10 years as a result of Governor Andrew Cuomo's policy of permitting local authorities to defer fund payments so they can fill budget
Published 17 May, 2014 12:00am
Crafting economic and social transformation

Crafting economic and social transformation

The manifestoes of the political parties - all political parties have listed most of the transformations that they will bring about if they came to power. Most of the political parties have come to power in one region or another. The PML-N, PPP, PTI, Nati
Published 17 May, 2014 12:00am
A praiseworthy initiative

A praiseworthy initiative

Creditably for it the Khyber Pakhtunkhwa government has launched a "Green and Clean Khyber Pakhtunkhwa" initiative to increase the province's forest cover by planting some two billion saplings over the next five years and banning tree cutting; and generat
Published 17 May, 2014 12:00am
There is a long path to tread yet

There is a long path to tread yet

The federal finance minister, Ishaq Dar, while chairing a meeting of the Economic Advisory Council (EAC) stated that the economy is in a comfort zone. His reasons included over-subscription of the Eurobond, successful auction for 3G/4G licences and the in
Published 17 May, 2014 12:00am
O-level student: Aitchison College directed to restore admission

O-level student: Aitchison College directed to restore admission

The Lahore High Court here on Friday directed Aitchison College administration to restore admission of a O-level student and allow him to appear at upcoming examination. The student Mikail Rahim approached the court against the college administration for
Published 17 May, 2014 12:00am
PPP workers demand action against corrupt elements within party

PPP workers demand action against corrupt elements within party

Demanding for taking action against opportunists and corrupt elements in Pakistan People's party, the party activists from Peshawar division staged a protest demonstration outside Peshawar Press Club here on Friday. The protest was organized by Peoples Pa
Published 17 May, 2014 12:00am
Two Taliban commanders killed in encounter

Two Taliban commanders killed in encounter

Rangers and police on Friday claimed to have killed two key Taliban commanders, Abid Muchhar and Muhammad Hussain during a joint raid in Kanwari Colony area in the remits of Peerabad police station. The raid led to a shootout, wherein Muhammad Hussain was
Published 17 May, 2014 12:00am
Market expects cut in key policy rate

Market expects cut in key policy rate

Analysts at Karachi Stock Exchange are expecting some rate cut in key policy rates in today's monetary policy. State Bank of Pakistan is scheduled to announce the last monetary policy of the current fiscal year on Saturday whereas investors expect a possi
Published 17 May, 2014 12:00am
Tabba Institute marks World Nurses Day

Tabba Institute marks World Nurses Day

Tabba Heart Institute celebrated International Nurses Day with week long activities from May 12 to May 16, 2014 that include organising various awareness sessions about cardiovascular diseases. Tabba Heart Institute, as part of its Community Service Respo
Published 17 May, 2014 12:00am
PAL issues special 'Adbiyat' edition

PAL issues special 'Adbiyat' edition

The latest special issue of Pakistan Academy of Letters (PAL)'s quarterly 'Adbiyat' is on the genre 'Naat' and it will serve as a reference document for students and scholars. This was stated by Shiraz Latif Chairman PAL on the occasion of the release of
Published 17 May, 2014 12:00am
Non-issuance of NICOP to Altaf: MQM holds country-wide demonstrations

Non-issuance of NICOP to Altaf: MQM holds country-wide demonstrations

Muttahida Qaumi Movement (MQM) on Friday held countrywide protest demonstrations against National Database and Registration Authority (Nadra) and Interior Minister Chaudhry Nisar Ali Khan for not issuing National Identity Card for Overseas Pakistanis (NIC
Published 17 May, 2014 12:00am
KWSB fails to check water theft, tanker mafia and illegal hydrants

KWSB fails to check water theft, tanker mafia and illegal hydrants

The tankers mafia, illegal water connections and water hydrants have been the major hindrances in smooth supply of water to the citizens as Karachi Water & Sewerage Board (KWSB) is grappling with the challenge to rein in the elements involved in these ill
Published 17 May, 2014 12:00am
Illegal hydrants case: SHC seeks comments from top officials

Illegal hydrants case: SHC seeks comments from top officials

Sindh High Court (SHC) on Friday issued notice to Sindh Chief Secretary, Karachi Water and Sewerage Board (KWSB) Managing Director, city police chief and other respondents to file comments on a petition against illegal water hydrants in the city. A divisi
Published 17 May, 2014 12:00am
COO Tuwairqi Steel Mills meets Dar

COO Tuwairqi Steel Mills meets Dar

A delegation comprising Zaigham Adil Rizvi, Chief Operating Officer Tuwairqi Steel Mills Limited and Young Ho Yoo President POSCO called on the Finance Minister Senator Ishaq Dar here on Friday to discuss issues related to their plant at Port Qasim.
Published 17 May, 2014 12:00am
Karachi situation: Jamaat-i-Islami presents seven-point 'Public Charter'

Karachi situation: Jamaat-i-Islami presents seven-point 'Public Charter'

Jamaat-i-Islami (JI) Karachi has presented a 7-point 'Public Charter' for resolving the issues confronting by the people of Karachi. JI Karachi Chief Hafiz Naeem-ur-Rehman presented the 'Public Charter' during a press conference at Idara-e-Noor Haq. The C
Published 17 May, 2014 12:00am
Thal to invest $30 million in SECMC Thar coal project

Thal to invest $30 million in SECMC Thar coal project

Thal Limited, a House of Habib company, has decided to acquire a strategic interest of over 10 per cent equity in the Sindh Engro Coal Mining Company Limited (SECMC-Thar Coal Project) by investing up to 30 million US dollars in the company, a statement is
Published 17 May, 2014 12:00am
Rice export still grows by $280 million despite rupee rise

Rice export still grows by $280 million despite rupee rise

Despite fall in dollar's value against Pak rupee, the country's rice export to the world markets grew by $280 million during July-Mar 2013-14, exporters said on Friday. "Over 2.5 million tons of rice has been exported since the rupee appreciated against d
Published 17 May, 2014 12:00am
Damage to aircraft: PIA initiates probe against officials

Damage to aircraft: PIA initiates probe against officials

PIA has initiated an inquiry against officers of Technical Ground Support for negligence due to which two PIA ATR aircraft, parked at Maintenance Hangar at Islamabad sustained minor damage, PIA spokesman said here on Friday. PIA had to cancel two flights
Published 17 May, 2014 12:00am
Injured student leaves for Pakistan

Injured student leaves for Pakistan

A Pakistani student in India's Pondicherry University, Ali Hassan Raza, who was attacked by unidentified persons inside his hostel room, is headed for Pakistan after the Indian authorities gave him permission to travel back home. In a telephonic conversat
Published 17 May, 2014 12:00am
Proposed KCR project Committee finalises recommendations

Proposed KCR project Committee finalises recommendations

The committee formed to look into the proposed Karachi Circular Railway (KCR) project in its third and final meeting on Friday finalised its recommendations before the deadline of May 20 given by the Sindh Chief Minister, a press release issued by Commiss
Published 17 May, 2014 12:00am
Efforts being made to improve trade ties with India: Senate told

Efforts being made to improve trade ties with India: Senate told

The Senate was informed on Friday that the government was making all-out efforts to improve trade relations with India while decision will be taken after taking all stakeholders onboard. Responding to questions of the senators, Abbas Khan Afridi, federal
Published 17 May, 2014 12:00am
Primary Dealers' selection: SBP invites applications from FIs

Primary Dealers' selection: SBP invites applications from FIs

The State Bank of Pakistan (SBP) has invited applications from interested financial institutions for appointment as Primary Dealers of Government Securities, ie, Pakistan Investment Bonds and Market Treasury Bills, for the year 2014-15. Applicants have be
Published 17 May, 2014 12:00am
LG official gets bail

LG official gets bail

Sindh High Court (SHC) on Friday granted bail to official of Sindh local government department in a case pertaining to embezzlement of Rs 61.284 million public funds. A division bench, headed by Chief Justice Maqbool Baqar, allowed post-arrest bail to acc
Published 17 May, 2014 12:00am
Japanese envoy visits APTMA

Japanese envoy visits APTMA

The Japanese Ambassador Hiroshi Inomata visited APTMA Punjab office on Friday. Chairman APTMA Punjab S M Tanveer welcomed the visiting envoy at office. Other office-bearers of the APTMA Punjab were also present on the occasion. Chairman APTMA briefed the
Published 17 May, 2014 12:00am
Street Children Football team honoured in Peshawar

Street Children Football team honoured in Peshawar

Khyber Pakhtunkhwa Chief Minister Pervez Khattak welcomed the Pakistani Street Children Football Team to Peshawar here on Friday. In this connection, an event was organized at the CM House which consisted of many civil society members, politicians, studen
Published 17 May, 2014 12:00am
Punjab Assembly condemns TV show

Punjab Assembly condemns TV show

Punjab Assembly in its eighth session here on Friday adopted a resolution, condemning a highly controversial show on a TV Channel (Geo). The resolution sought support of religious scholars to provide guidance on the issue. The resolution demanded s
Published 17 May, 2014 12:00am
23-year delay in release of pension: AG summoned on May 20

23-year delay in release of pension: AG summoned on May 20

The Lahore High Court here on Friday summoned Punjab Accountant General to explain 23-year delay in release of pension of an employee retired from irrigation department on May 20. Petitioner, Abdul Latif, said the authorities had not obeyed a judicial ord
Published 17 May, 2014 12:00am
Young child becomes Microsoft certified specialist

Young child becomes Microsoft certified specialist

Mehroz Yawar, age six and half years has achieved the distinction of becoming Microsoft certified computer specialist and is preparing for a new course of Microsoft on net for taking the examination next year. Mehroz Yawar called on Punjab Chief Minister
Published 17 May, 2014 12:00am
Noor Jehan's daughter Zil-e-Huma dies

Noor Jehan's daughter Zil-e-Huma dies

Melody Queen Noor Jehan's daughter Zil-e-Huma passed away in Lahore on Friday of kidney failure. She was around 70. She is survived by four sons and one daughter. She was buried in the Shahnoor Studio graveyard in the afternoon in the presence of hundreds
Published 17 May, 2014 12:00am
Economic indicators showing positive signs: PML-N leader

Economic indicators showing positive signs: PML-N leader

Welcoming the statement of Finance Minister Ishaq Dar with regard to crossing the country's foreign exchange reserves US $15 billion by July this year and achieving GDP growth rate at four percent during current fiscal year, the PML-N leader Mohammad Perv
Published 17 May, 2014 12:00am
Pak-Afghan border: Construction of 60km-long mud embankment begins

Pak-Afghan border: Construction of 60km-long mud embankment begins

Pakistan has decided to extend security arrangements at Pak-Afghan border. According to official sources at Chaman, security forces are constructing a mud bund at the border by using heavy machinery and work on the project is in full swing. The mud bund i
Published 17 May, 2014 12:00am
UNIDO wants to develop SME sector with SMEDA help

UNIDO wants to develop SME sector with SMEDA help

United Nations Industrial Development Organisation (UNIDO) has expressed keen interest to have collaboration with the Small and Medium Enterprises Development Authority (SMEDA) for development of SME sector in Pakistan. UNIDO Representative based in Pakis
Published 17 May, 2014 12:00am
Woman among 5 killed in different incidents

Woman among 5 killed in different incidents

At least five persons including a woman were killed in different incidents of violence, here on Friday. According to police and rescue sources, Tahira wife of Zahir Khan was stabbed to death by her father Faizullah after a quarrel at his house in Baldia,
Published 17 May, 2014 12:00am
Lack of facilities at airports: Gardezi asked to appear before court

Lack of facilities at airports: Gardezi asked to appear before court

The Supreme Court on Friday issued a notice to Muhammad Ali Gardezi, Secretary Aviation/Chairman Civil Aviation Authority (CAA) Board, to appear before it in person on May 23. Resuming the hearing of a suo motu case on a lack of facilities at national air
Published 17 May, 2014 12:00am
Police arrest 93 suspects

Police arrest 93 suspects

Karachi police on Friday claimed to have arrested around 93 alleged criminals in targeted raids and encounters in different areas of the metropolis during last 24 hours. According to police, some 84 targeted raids were conducted in different areas while t
Published 17 May, 2014 12:00am
Punjab government to pay Wapda dues in June: spokesman

Punjab government to pay Wapda dues in June: spokesman

A spokesman of Punjab government has said that provincial government under a mutual agreement will pay Wapda dues in June this year. The Ministry of Water and Power has been pressing the provincial governments and autonomous bodies to clear their dues of
Published 17 May, 2014 12:00am
'NH&MP introduces disciplined traffic culture'

'NH&MP introduces disciplined traffic culture'

Deputy Inspector General, National Highways & Motorway Police (NH&MP) , N-5 North Zone, Muhammad Zubair Hashmi, said that Motorway Police is a remarkable institute of Pakistan who has introduced a disciplined traffic culture in the country. The officers o
Published 17 May, 2014 12:00am
Loadshedding won't end by 2018: Asif

Loadshedding won't end by 2018: Asif

Federal Minister for Water and Power Khawaja Muhammad Asif on Friday said that loadshedding in the country would not end by 2018, however, it would decrease gradually. Talking to reporters, he said that Pakistan was incurring Rs 1,000 billion annual loss
Published 17 May, 2014 12:00am
Obama names new deputy chief of staff to oversee healthcare

Obama names new deputy chief of staff to oversee healthcare

President Barack Obama has named a new deputy chief of staff, Kristie Canegallo, to oversee implementation of his trademark healthcare law and other policy efforts, the White House said on Friday. The new position was created out of frustration within the
Published 17 May, 2014 12:00am
Italy approves sale plans for post office, air traffic control

Italy approves sale plans for post office, air traffic control

The Italian government approved plans on Friday to sell stakes of up to 40 percent in Poste Italiane, the national post office, and of 49 percent in state-owned air traffic control operator Enav SpA. The sales, announced last year, are part of a broad pri
Published 17 May, 2014 12:00am
Climate change will hit nations' creditworthiness: S&P

Climate change will hit nations' creditworthiness: S&P

Global warming will pressure sovereign credit ratings throughout this century with poorer, lower-rated countries hardest hit, Standard & Poor's (S&P) Ratings Services said in a report. S&P said climate change will be the 21st Century's second global "mega
Published 17 May, 2014 12:00am
Egypt could tap global bond market after political transition: minister

Egypt could tap global bond market after political transition: minister

Egypt could tap global bond markets after presidential elections due May 26-27, but should the country be in dire need, it could seek aid from its wealthy Gulf neighbours, finance minister Hany Kadiri Dimian said on Friday. Political turmoil following the
Published 17 May, 2014 12:00am
Egypt could tap global bond market after political transition: minister

Egypt could tap global bond market after political transition: minister

Egypt could tap global bond markets after presidential elections due May 26-27, but should the country be in dire need, it could seek aid from its wealthy Gulf neighbours, finance minister Hany Kadiri Dimian said on Friday. Political turmoil following the
Published 17 May, 2014 12:00am
Sweden fights back as Pfizer move on Astra threatens jobs

Sweden fights back as Pfizer move on Astra threatens jobs

The Swedish government launched a fightback on Friday against US drugmaker Pfizer's proposed take-over of AstraZeneca, which has half its roots and more than 5,000 staff in Sweden, highlighting the risks to jobs and science. In an unusual move for the cen
Published 17 May, 2014 12:00am
Alitalia halts Venezuela flights due to currency controls

Alitalia halts Venezuela flights due to currency controls

Italian airline Alitalia said on Friday it was suspending flights to Venezuela from June 2 because of the "critical situation" linked to currency controls in the country. "Alitalia has decided to suspend its Rome-Caracas service temporarily," the airline
Published 17 May, 2014 12:00am
GM fined record $35 million over delay to ignition recall

GM fined record $35 million over delay to ignition recall

The US car safety regulator imposed a record $35 million fine on General Motors on Friday for its slow efforts to report faulty ignitions in its cars that contributed to at least 13 deaths. The National Highway Traffic Safety Administration hit GM with it
Published 17 May, 2014 12:00am
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