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Print - 2014-06-08
Wal-Mart appoints vice chairman

Wal-Mart appoints vice chairman

Wal-Mart Stores Inc appointed Gregory Penner as vice chairman, showing again that the world's largest retailer is looking at younger executives to revive its fortunes. The appointment of 44-year-old Penner puts him in a position to succeed Chairman Rob Wa
Published 08 Jun, 2014 12:00am
Egypt, UAE choose army-linked company to build wheat silos

Egypt, UAE choose army-linked company to build wheat silos

Egypt and the United Arab Emirates said on Saturday that they had contracted a state-run company headed by a retired Egyptian army officer to build wheat silos that are a key part of the UAE's $4.9 billion aid package to Cairo. The UAE is taking a hands-o
Published 08 Jun, 2014 12:00am
SoftBank to cut smartphone charges in Japan

SoftBank to cut smartphone charges in Japan

SoftBank Corp, Japan's No 3 mobile carrier, will cut its smartphone charges in Japan with a flat rate for unlimited voice calling and cheaper data plans, in a sign that price competition may be starting to pick up in Japan's mobile market. The lower rates
Published 08 Jun, 2014 12:00am
Turkish Prime Minister launches work on third Istanbul airport

Turkish Prime Minister launches work on third Istanbul airport

Turkish Prime Minister Recep Tayyip Erdogan on Saturday laid the first stone for Istanbul's third airport, a multi-billion-dollar project expected to create one of the world's busiest air hubs. "Istanbul is marking a historic day. Turkey is marking a hist
Published 08 Jun, 2014 12:00am
Indian government vows to uphold freedom of expression

Indian government vows to uphold freedom of expression

India's new government sought to ease concerns that freedom of expression is under threat on Saturday, promising to strengthen the independence of the state-run broadcaster and to consider allowing more foreign investment in Indian media. Fears for freedo
Published 08 Jun, 2014 12:00am
US spy agency joins Facebook, Twitter

US spy agency joins Facebook, Twitter

The CIA, which has long trolled social media to try to uncover global trends and track evil-doers, officially joined Twitter and Facebook on Friday. The spy agency cast the move as an effort to better get out its message and engage directly with the publi
Published 08 Jun, 2014 12:00am
US spy agency joins Facebook, Twitter

US spy agency joins Facebook, Twitter

The CIA, which has long trolled social media to try to uncover global trends and track evil-doers, officially joined Twitter and Facebook on Friday. The spy agency cast the move as an effort to better get out its message and engage directly with the publi
Published 08 Jun, 2014 12:00am
New head of European conservatives dismisses Cameron's EU demands

New head of European conservatives dismisses Cameron's EU demands

The new head of the biggest group of conservatives in the European Parliament dismissed on Saturday demands by British Prime Minister David Cameron to put the brakes on European integration. Manfred Weber, the new chairman of the European People's Party (
Published 08 Jun, 2014 12:00am
Thousands join republican march in Spain

Thousands join republican march in Spain

Thousands of protesters took to the streets of Madrid on Saturday to demand a referendum to abolish Spain's monarchy, just days after King Juan Carlos abdicated in favour of his son. "Spain, tomorrow, will be republican," they chanted, waving the red, pur
Published 08 Jun, 2014 12:00am
Mbeki's mother, South Africa struggle veteran dies

Mbeki's mother, South Africa struggle veteran dies

Veteran anti-apartheid activist Epainette Mbeki, the mother of former president Thabo Mbeki, died Saturday aged 98, her family and the government announced. Mbeki died in hospital where she was admitted two weeks ago with a chest infection and heart probl
Published 08 Jun, 2014 12:00am
Body found on Malaysia island is missing Briton: police

Body found on Malaysia island is missing Briton: police

A body found on a Malaysian island is that of British tourist Gareth Huntley who went missing last month, police said Saturday, in what his family called a "devastating" blow. Zakaria Ahmad, head of crime investigation in the eastern state of Pahang, said
Published 08 Jun, 2014 12:00am
US actor Tracy Morgan critically injured in crash

US actor Tracy Morgan critically injured in crash

US actor and comedian Tracy Morgan was in critical condition Saturday after a fatal six-vehicle accident early in the morning in New Jersey, his representative told AFP. "Tracy remains in critical condition at Robert Wood Johnson Hospital. He sustained th
Published 08 Jun, 2014 12:00am
Jordan's UN envoy proposed as new UN human rights chief

Jordan's UN envoy proposed as new UN human rights chief

UN Secretary-General Ban Ki-moon on Friday proposed that Jordan's UN ambassador, Prince Zeid Ra'ad Zeid al-Hussein, replace Navi Pillay as the United Nations' human rights chief based in Geneva, the world body's press office said. The nomination will now
Published 08 Jun, 2014 12:00am
Dozens killed in massacre in eastern Congo

Dozens killed in massacre in eastern Congo

Upto 37 people including women and children were killed in Democratic Republic of Congo's eastern province of South Kivu on Saturday morning in an attack that the regional governor blamed on a dispute over cattle. The victims, who included several pregnan
Published 08 Jun, 2014 12:00am
Ten Brotherhood supporters get death

Ten Brotherhood supporters get death

An Egyptian court sentenced 10 supporters of the outlawed Muslim Brotherhood to death in absentia on Saturday but postponed the sentencing of its leader and other senior members, judicial sources said. Those sentenced were convicted on charges including i
Published 08 Jun, 2014 12:00am
Pentagon, suppliers must change to survive

Pentagon, suppliers must change to survive

The US military and its main suppliers must globalise and adopt more commercial practices to stay competitive, according to a report released this week. "We're at another tipping point in the evolution of the defense industry," said former US Deputy Defen
Published 08 Jun, 2014 12:00am
Americans split on prisoner swap of Taliban for US soldier

Americans split on prisoner swap of Taliban for US soldier

Americans are deeply divided over whether the Obama administration did the right thing by swapping five Taliban leaders to win the freedom of Afghanistan prisoner of war Bowe Bergdahl, according to Reuters/Ipsos survey released on Friday. Americans strong
Published 08 Jun, 2014 12:00am
Two killed in Kosovo power plant blast

Two killed in Kosovo power plant blast

A hydrogen tank exploded at Kosovo's second biggest power plant on Friday, killing two people and injuring 14, officials said. The 40-year-old Kosovo A plant, considered one of the worst polluters in Europe, was shut down following the blast that was hear
Published 08 Jun, 2014 12:00am
Somali pirates free 11 crew kidnapped in 2010

Somali pirates free 11 crew kidnapped in 2010

Eleven crew members held hostage by Somali pirates for more than three years have been released, regional and United Nations officials said on Saturday. The number of attacks by Somali pirates has fallen over the last two years due to increased naval patr
Published 08 Jun, 2014 12:00am
'Budget represents business-as-usual approach'

'Budget represents business-as-usual approach'

The budget 2014-15 represents a 'business-as-usual' approach with lop-sided priorities and little attention towards key sectors of the economy. This was the unanimous message emerging from the 'Post-Budget 2014-15 Review Seminar' held at the Institute of
Published 08 Jun, 2014 12:00am
Even new security system fails to reduce crime rate

Even new security system fails to reduce crime rate

The residents of the federal Capital were expecting that growing crime rate would go down after initiation of joint patrolling by the Rangers and police under the new security system, but increasing incidents of motor-vehicle thefts and robberies have dis
Published 08 Jun, 2014 12:00am
Rs 37 billion earmarked for Railways to meet losses

Rs 37 billion earmarked for Railways to meet losses

The government has earmarked Rs 37 billion for Pakistan Railways (PR) for the upcoming fiscal year 2014-15 against Rs 33.5 billion for the outgoing financial year to meet the losses and make the PR more efficient, reveals budget documents. Besides, the go
Published 08 Jun, 2014 12:00am
Four Kashmiri students expelled from Ghaziabad hostel

Four Kashmiri students expelled from Ghaziabad hostel

At least four Kashmiri students have been expelled from their hostel in a Ghaziabad college in the Indian state of Uttar Pradesh day after a Kashmiri student was beaten by local students. The students Peer Umair, Bilal Ahmad, Adil Nabi and Dilawar Javid w
Published 08 Jun, 2014 12:00am
Rs 51.5 billion set aside for PAEC projects

Rs 51.5 billion set aside for PAEC projects

The government has allocated a total of Rs 51.5 billion for Pakistan Atomic Energy Commission's (PAEC) 25 projects, including Rs 432 million for five new schemes and Rs 51.043 billion for 20 on-going projects, for the next financial year 2014-15.
Published 08 Jun, 2014 12:00am
First National Home Economics Conference concludes

First National Home Economics Conference concludes

The first National Economics Conference, held at Baragali summer campus, University of Peshawar, concluded here on Saturday. The two day moot coincided with the 60th anniversary of the country's first College of Home Economics of the University of Peshawa
Published 08 Jun, 2014 12:00am
Slight rise witnessed in prices of food items

Slight rise witnessed in prices of food items

A slight increase was witnessed in prices of some perishable and non-perishable food items during the last week compared to the preceding week, revealed a survey conducted by Business Recorder on Saturday.
Published 08 Jun, 2014 12:00am
Dolphin Force established: Criminals involved in extortion arrested: IGP

Dolphin Force established: Criminals involved in extortion arrested: IGP

Inspector General Police Punjab, Khan Baig on Saturday said the effective measures are being taken to eliminate ransom incidents throughout the Punjab province. While talking to media persons at the Federation of Pakistan Chamber of Commerce and Industry
Published 08 Jun, 2014 12:00am
Jamaat-i-Islami chief pays tribute to Lieutenant Colonel Zahir Shah

Jamaat-i-Islami chief pays tribute to Lieutenant Colonel Zahir Shah

Ameer, Jamaat-i-Islami, Pakistan, Sirajul Haq, on Saturday, visited the house of Lieutenant Colonel Zahir Shah, who was martyred in Fateh Jang suicide attack, at Badhbir, Peshawar, to offer his condolences with the bereaved family. He expressed his deep s
Published 08 Jun, 2014 12:00am
Four among two kids burn to death

Four among two kids burn to death

At least four passengers including two children and two women were burnt to death when a van caught fire after collision with a car on Chakwal road on Saturday. According to police sources, a passenger van was on its way when it collided with a car due to
Published 08 Jun, 2014 12:00am
Brain tumor is completely curable disease: Vohra

Brain tumor is completely curable disease: Vohra

Brain tumor is completely curable disease while internationally treatment facilities of neurosurgery are available in Pakistan. The Institute of Neuro Sciences being set up at Lahore General Hospital (LGH) will provide all diagnostic, treatment and resear
Published 08 Jun, 2014 12:00am
Fruit fly & orchard management: PHDEC holds workshops in Sindh

Fruit fly & orchard management: PHDEC holds workshops in Sindh

Pakistan Horticulture Development and Export Company (PHDEC) planned to hold training workshops for improving the skills of mango growers in the subject of fruit fly management and control. According to the PHDEC sources, the Company has already started c
Published 08 Jun, 2014 12:00am
PCGA hails government move to propose incentives to textile sector

PCGA hails government move to propose incentives to textile sector

The Pakistan Cotton Ginners Association (PCGA) has hailed the government's decision to propose incentives, relaxation, rebate and taxation for adopting new technology, assurance to cut in mark-up rate, duty-free import of textile industry and reduction in
Published 08 Jun, 2014 12:00am
Samsung launches world's first UHDTV

Samsung launches world's first UHDTV

Samsung Electronics on Saturday launched world's first Curved Ultra High Definition Television (UHDTV) in Pakistan. Speaking at the new H-Series of TV/AV Samsung Pakistan Managing Director John Park said the young UHDTV market has great potential in Pakis
Published 08 Jun, 2014 12:00am
FIA action against Lesco chief surprises many

FIA action against Lesco chief surprises many

The power sector circles have raised eyebrows over FIA's action against Lesco chief in the presence of an effective Load Data Improvement (LDI) programme, a foolproof arrangement for real-time monitoring of load inflows and outflows on all feeders. The FI
Published 08 Jun, 2014 12:00am
Zardari knows value of political reconciliation: Rana

Zardari knows value of political reconciliation: Rana

PML-N leader and Punjab Law Minister Rana Sanaullah rated PTI Chief Imran Khan as a politician far below from PPP leader Asif Ali Zardari saying former President knows the value of political reconciliation. Rana said here on Saturday that those who are ta
Published 08 Jun, 2014 12:00am
Pakistan, India should continue efforts to mend ties: US

Pakistan, India should continue efforts to mend ties: US

Pakistan and India should continue with efforts to mend their relations as improvement in relations is vital for the South Asian neighbours, a State Department spokesperson said. "Broadly speaking, we believe that India and Pakistan should continue steps
Published 08 Jun, 2014 12:00am
BISP to revamp its cash distribution system

BISP to revamp its cash distribution system

The Benazir Income Support Programme is planning to revamp its cash distribution system among needy and poor people, spread across the country, to ensure a more transparent mechanism and enhance the network. A senior official of the BISP told Business
Published 08 Jun, 2014 12:00am
Two cops among eight fall victim to targeted killings

Two cops among eight fall victim to targeted killings

Eight people, including two policemen, were fallen prey to the unabated spate of target killings in different parts of the city on Saturday. According to police and rescue sources, policeman Yousuf Shamim, 55, was shot dead by unidentified persons near Ga
Published 08 Jun, 2014 12:00am
Ogra brings SNGPL, SSGC to near bankruptcy

Ogra brings SNGPL, SSGC to near bankruptcy

Oil and Gas Regulatory Authority (Ogra), for all intents and purposes, seems to have adopted a policy of 'give the dog a bad name and hang him' towards Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGC), the two most lucrative
Published 08 Jun, 2014 12:00am
Heroin seized at Benazir airport

Heroin seized at Benazir airport

The Airport Security Force (ASF) on Saturday foiled a drugs smuggling bid by seizing five kilograms of heroin from a UK-bound passenger at Benazir Bhutto International airport.
Published 08 Jun, 2014 12:00am
Body set up to resolve doctors' issues

Body set up to resolve doctors' issues

Punjab Health Secretary Dr Ijaz Munir has constituted a committee comprising senior teachers on permanent basis to consider and resolve problems of the Young Doctors Association (YDA). The committee will work on regular basis for resolving problems of YDA
Published 08 Jun, 2014 12:00am
18 Afghans held for illegal entry

18 Afghans held for illegal entry

Balochistan Frontier Corps arrested nine Afghan nationals here from its Lakpass check-post in the outskirts of provincial capital on Saturday. A spokesman for FC told APP here that these Afghan had been arrested under the Foreign Act for illegal entering
Published 08 Jun, 2014 12:00am
Membership of Saleem Shehzad, Anees Advocate restored

Membership of Saleem Shehzad, Anees Advocate restored

Muttahida Qaumi Movement (MQM) leader Altaf Hussain's bail in money laundering case on Saturday heralded a bailout for suspended party leaders. Altaf Hussain in a telephonic meeting with the heads of different sections at MQM headquarters '90' announced t
Published 08 Jun, 2014 12:00am
Import of motorcycle spare parts: Prime Minister urged to reduce duty

Import of motorcycle spare parts: Prime Minister urged to reduce duty

All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) urges Prime Minister Nawaz Sharif and Federal Finance Minister Ishaq Dar to reduce duty on import of motorcycle spare parts and bring it in line with maximum 25 percent impor
Published 08 Jun, 2014 12:00am
Traders suffer Rs 12 billion losses during closure of markets

Traders suffer Rs 12 billion losses during closure of markets

Traders claimed on Saturday that small businesses have suffered at least Rs 12 billion losses as the city markets remained closed for three-days in the wake of MQM's chief Altaf Hussain's arrest in London. Expressing their happiness over resumption of tra
Published 08 Jun, 2014 12:00am
Fire breaks out at Guddu Power Plant

Fire breaks out at Guddu Power Plant

Power supply to several areas of Sindh and Balochistan was suspended after a fire broke out in the switch yard of the Guddu Power Plant on Saturday. Several cables and trees were gutted by the blaze, which caused losses worth millions of rupees. Fire brig
Published 08 Jun, 2014 12:00am
Two children drown in Thatta

Two children drown in Thatta

Two children drowned in a pond while another was rescued alive here on Saturday. Police said the children were taking bath in a pond in Ghorra Bari area of Thatta to beat the scorching heat when three of them went into deep water. Two children drowned whi
Published 08 Jun, 2014 12:00am
Vehicle recovered

Vehicle recovered

CPLC on Saturday claimed to have recovered a vehicle which was snatched by unidentified persons from Muhammad Ali Society last night. Following the instructions of Chief CPLC Ahmad Chinaye, the CPLC South Zone team conducted raid in Korangi area on tipoff
Published 08 Jun, 2014 12:00am
SSUET announces new schedule for exams

SSUET announces new schedule for exams

Sir Syed University of Engineering and Technology (SSUET) announces new schedule for the examinations. According to a statement issued by SSUET Controller Examinations, here on Saturday, the exams will start from Monday, June 9. According to the new sched
Published 08 Jun, 2014 12:00am
KU postponed exams to be held today

KU postponed exams to be held today

Registrar, Karachi University (KU), Professor Dr Muazum Ali Khan has announced June 8 new date for the examination. According to a statement issued on Saturday, the decision of the new date had been made after a meeting of deans committee. Earlier, the po
Published 08 Jun, 2014 12:00am
Tributes paid to martyrs of 1972 labour movement in Karachi

Tributes paid to martyrs of 1972 labour movement in Karachi

Rich tributes were paid to the martyrs of 1972 labour movement in SITE area of Karachi at a memorial meeting organised by Pakistan Institute of Labour Education and Research Saturday. Six workers had lost their lives for the rights of the industrial worke
Published 08 Jun, 2014 12:00am
Young lady doctors stage protest demonstration

Young lady doctors stage protest demonstration

The young lady doctors of the Gynaecological Ward of Civil Hospital Hyderabad Saturday boycotted the duty and staged protest demonstration here in front of Hyderabad Press Club following manhandling of a daily wage employee with a lady doctor on duty on F
Published 08 Jun, 2014 12:00am
USAID launches slow sand water filtration scheme in Gilgit-Baltistan

USAID launches slow sand water filtration scheme in Gilgit-Baltistan

In a bid to provide to clean drinking water and access to sanitation, United States Agency for International Development (USAID) launches slow sand water filtration scheme in Gilgit-Baltistan (GB), which will benefit nearly 1,393 households at Union Counc
Published 08 Jun, 2014 12:00am
'Rice growers face financial crisis because of neagre wages'

'Rice growers face financial crisis because of neagre wages'

Following poor wage system adopted by rice exporters, rice growers are facing immense difficulties to run their kitchen. According to rice grower, "exporters deliberately pay a meagre amount for rice paddy, ie Rs 400 to Rs 500 per 40 kilogram which is ins
Published 08 Jun, 2014 12:00am
Contributors boosting Pak-Saudi ties honoured

Contributors boosting Pak-Saudi ties honoured

Nazaria-e-Pakistan Trust, which promotes the ideology of Pakistan, held an award giving ceremony to honour Saudis and expatriate Pakistanis who have worked to promote Pak-Saudi relations. Pakistan Consul General Aftab Ahmed Khokher was the chief guest at
Published 08 Jun, 2014 12:00am
Samsung launches customer service centre at DHA

Samsung launches customer service centre at DHA

Samsung Electronics launched its latest state-of-the-art customer service centre at DHA Karachi. John Park, Managing Director, Samsung Electronics Pakistan, inaugurated the Samsung-MRM centre said "The launch highlights our company's consistent efforts to
Published 08 Jun, 2014 12:00am
Mirwaiz slams Modi government; no polarisation in occupied Kashmir

Mirwaiz slams Modi government; no polarisation in occupied Kashmir

Chairman of Hurriyat Conference, Mirwaiz Umar Farooq hit out at the Narendra Modi-led Government at the Centre for "attempting to polarise" occupied Jammu and Kashmir. "It is unfortunate that the BJP and its wings are hell-bent to divide J&K in the name o
Published 08 Jun, 2014 12:00am
Affairs of PRCS

Affairs of PRCS

Apropos a news item relating to the affairs of Sindh branch of Pakistan Red Crescent Society (PRCS) appeared in various newspapers on and around May 5, 2014. I am a member of PRCS and therefore attended its general body meeting held on April 26, 2014 in a
Published 08 Jun, 2014 12:00am
Bucharest 'khans' reborn after decades of neglect

Bucharest 'khans' reborn after decades of neglect

Sweaty merchants have given way to trendy tourists and horses to flashy cars, but roadside inns known as "khans" in the heart of Bucharest are getting a new lease on life after marathon restoration works. Khans flourished in the 18th and 19th centuries in
Published 08 Jun, 2014 12:00am
Wary US unlikely to restore full Egypt aid soon

Wary US unlikely to restore full Egypt aid soon

As Egypt prepares to swear in its fourth leader since 2011, a huge slice of $1.5 billion in US aid remains in deep-freeze amid fears the nation is sliding back into authoritarianism. Former general Abdel Fattah al-Sisi will be crowned as the next presiden
Published 08 Jun, 2014 12:00am
Better late than never

Better late than never

Prime Minister Nawaz Sharif, under criticism from the opposition-dominated upper house for not attending any of its sessions, showed up in the Senate on Wednesday for the first time since assumption of power. He has not evinced much enthusiasm for attendi
Published 08 Jun, 2014 12:00am
Who is stoking the fire in Balochistan?

Who is stoking the fire in Balochistan?

If the Taliban and its genre are busy gnawing at the very ideological roots of Pakistan the Baloch militants are out to shatter its territorial unity. How viciously they are at their work the nation got the message this past Thursday. On that morning a Te
Published 08 Jun, 2014 12:00am
Argentine farmers pick up pace of soya harvesting

Argentine farmers pick up pace of soya harvesting

Dry weather on Argentina's Pampas farm belt over recent days has helped growers increase the pace of soyabean and corn harvesting after delays caused by extremely wet May weather, the Buenos Aires Grains Exchange said on Thursday. Argentina is the world's
Published 08 Jun, 2014 12:00am
Egypt changes wheat import rules, could help French sales

Egypt changes wheat import rules, could help French sales

Egypt's Trade Ministry has relaxed a tough rule on wheat imports in a move that could lift French sales to the world's largest wheat importer. A moisture content specification imposed in January has locked out French grain since its introduction, but the
Published 08 Jun, 2014 12:00am
Cotton futures fall, slide to fifth straight weekly loss

Cotton futures fall, slide to fifth straight weekly loss

ICE cotton fell on Friday and slid to a fifth straight weekly loss, under pressure from the rolling of closely watched commodities index funds out of the spot contract and from forecasts for rain in Texas, the top producing US state. The front-month July
Published 08 Jun, 2014 12:00am
Is cotton the new aluminium? Warehouse queues rise, along with tempers

Is cotton the new aluminium? Warehouse queues rise, along with tempers

Cotton merchants are waiting months to take delivery of fibre from US warehouses, tightening supplies and fuelling fears the niche market is in the grip of a storage game that plunged aluminium trading into crisis. Traders that own the stockpiled cotton h
Published 08 Jun, 2014 12:00am
Bangladesh grain imports likely to rise 22 percent

Bangladesh grain imports likely to rise 22 percent

Bangladesh's grain imports are likely to rise 22 percent to 1.1 million tonnes in the financial year beginning in July, as the state grains buyer aims to secure food supplies. The state grains purchasing agency will import 900,000 tonnes of wheat and 200,
Published 08 Jun, 2014 12:00am
Asian rubber: Bridgestone chases Indonesian rubber, other grades subdued

Asian rubber: Bridgestone chases Indonesian rubber, other grades subdued

Top tyre maker Bridgestone Corp chased Indonesian rubber this week for nearby delivery, dealers said on Friday, but falling prices kept other sellers out of the market. Singapore's tyre grade prices were trading near their lowest in almost five years beca
Published 08 Jun, 2014 12:00am
New Zealand commodity prices fall further in May

New Zealand commodity prices fall further in May

Prices for New Zealand's main commodities fell to their lowest level in 11 months in May, driven by a broad based fall in prices, notably for dairy produce, ANZ Bank's commodity price index showed on Wednesday. The index fell 2.2 percent compared with a 3
Published 08 Jun, 2014 12:00am
Togo targets cotton output of 120,000 tonnes

Togo targets cotton output of 120,000 tonnes

Togo is targeting seed cotton output of 120,000 tonnes in the recently opened 2014/15 season, the head of NSCT, the company that oversees the industry in the West African state, said on Thursday. The government has blamed poor rainfall and fertiliser use
Published 08 Jun, 2014 12:00am
New York gold falls slightly as jobs data points to steady growth

New York gold falls slightly as jobs data points to steady growth

Gold prices were slightly lower on Friday as the dollar rose after a closely watched monthly US jobs report underscored expectations of a steady recovery in the world's No 1 economy, while platinum group metals were buoyed by strikes. Spot gold was down 0
Published 08 Jun, 2014 12:00am
Commodities mixed; cocoa strikes three-year peaks

Commodities mixed; cocoa strikes three-year peaks

Commodities diverged this week as investors digested a radical shake-up of eurozone interest rates, while cocoa hit a three-year high on speculative buying. Some markets took a hit from the strong greenback, which struck a four-month euro high as the Euro
Published 08 Jun, 2014 12:00am
Egypt bans unlicensed preachers

Egypt bans unlicensed preachers

Egypt has banned unauthorised preachers from giving sermons or teaching Islam in mosques and other public places, according to a decree on Saturday marking a further step in official efforts to curb Islamist influence. The decree issued by interim Preside
Published 08 Jun, 2014 12:00am
Egypt bans unlicensed preachers

Egypt bans unlicensed preachers

Egypt has banned unauthorised preachers from giving sermons or teaching Islam in mosques and other public places, according to a decree on Saturday marking a further step in official efforts to curb Islamist influence. The decree issued by interim Preside
Published 08 Jun, 2014 12:00am
Grand Tribal Jirga announces extension in 2006's peace pact

Grand Tribal Jirga announces extension in 2006's peace pact

Grand Tribal Jirga on Saturday announced extension in 2006's peace agreement made between federal government and North Waziristan tribes. North Waziristan's Grand Tribal Jirga held successful negotiations with the federal government on Saturday; demanding
Published 08 Jun, 2014 12:00am
Grand Tribal Jirga announces extension in 2006's peace pact

Grand Tribal Jirga announces extension in 2006's peace pact

Grand Tribal Jirga on Saturday announced extension in 2006's peace agreement made between federal government and North Waziristan tribes. North Waziristan's Grand Tribal Jirga held successful negotiations with the federal government on Saturday; demanding
Published 08 Jun, 2014 12:00am
Appointment of acting PEMRA chief challenged

Appointment of acting PEMRA chief challenged

The appointment of Pervaiz Rathore as Acting Chairman of Pakistan Electronic Media Regulatory Authority (PEMRA) was challenged in Islamabad high court on Saturday. In its plea, Israr Abbasi, who is one of the private members of the authority, has argued t
Published 08 Jun, 2014 12:00am
Appointment of acting PEMRA chief challenged

Appointment of acting PEMRA chief challenged

The appointment of Pervaiz Rathore as Acting Chairman of Pakistan Electronic Media Regulatory Authority (PEMRA) was challenged in Islamabad high court on Saturday. In its plea, Israr Abbasi, who is one of the private members of the authority, has argued t
Published 08 Jun, 2014 12:00am
Saudi prepares to launch first sovereign wealth fund

Saudi prepares to launch first sovereign wealth fund

Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of dollars, state media reported Saturday. The central bank has managed investment of the kingdom'
Published 08 Jun, 2014 12:00am
Saudi prepares to launch first sovereign wealth fund

Saudi prepares to launch first sovereign wealth fund

Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of dollars, state media reported Saturday. The central bank has managed investment of the kingdom'
Published 08 Jun, 2014 12:00am
Saudi prepares to launch first sovereign wealth fund

Saudi prepares to launch first sovereign wealth fund

Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of dollars, state media reported Saturday. The central bank has managed investment of the kingdom'
Published 08 Jun, 2014 12:00am
Saudi prepares to launch first sovereign wealth fund

Saudi prepares to launch first sovereign wealth fund

Saudi Arabia is preparing to launch its first sovereign wealth fund to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of dollars, state media reported Saturday. The central bank has managed investment of the kingdom'
Published 08 Jun, 2014 12:00am
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