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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-06-15
Treasuries outlook: prices inch lower in thin trading; Fed meeting looms

Treasuries outlook: prices inch lower in thin trading; Fed meeting looms

US Treasury debt prices drifted lower on Friday in thin trading, pressured by sharp losses in UK bonds after Bank of England Governor Mark Carney said interest rates could rise sooner than expected, as well as expectations of a rate hike from the Federal
Published 15 Jun, 2014 12:00am
Treasuries outlook: prices inch lower in thin trading; Fed meeting looms

Treasuries outlook: prices inch lower in thin trading; Fed meeting looms

US Treasury debt prices drifted lower on Friday in thin trading, pressured by sharp losses in UK bonds after Bank of England Governor Mark Carney said interest rates could rise sooner than expected, as well as expectations of a rate hike from the Federal
Published 15 Jun, 2014 12:00am
TSX advances to six-year high

TSX advances to six-year high

Canada's main stock index advanced to its highest in almost six years on Friday as heightened tensions in Iraq raised concerns about oil supply, sending prices of the commodity and shares in the sector higher. Investors followed news that Iraq's most seni
Published 15 Jun, 2014 12:00am
Euronext stock market set for ICE spin-off

Euronext stock market set for ICE spin-off

US stock market operator ICE began spinning off the pan-European market Euronext on Tuesday in an operation which could raise 1.75 billion euros and will leave three main operators fighting for business in Europe. ICE said on Tuesday that shares in the ne
Published 15 Jun, 2014 12:00am
Most Wall Street firms see no US rate hike before second-half 2015

Most Wall Street firms see no US rate hike before second-half 2015

A majority of Wall Street's top bond firms don't see the Federal Reserve raising interest rates before the second half of next year and most also now believe the Fed won't start shrinking its massive balance sheet before it lifts rates, a Reuters survey s
Published 15 Jun, 2014 12:00am
Forex is weakest link in UK market abuse crackdown
Libor

Forex is weakest link in UK market abuse crackdown

George Osborne is taking financial market abuse seriously. The British chancellor wants to criminalise the practice in more asset classes, so manipulators can be sent to jail. He has been spurred to action by accusations of rigging in the $5-trillion-a-da
Published 15 Jun, 2014 12:00am
Thomson Reuters FX volumes dip again in May

Thomson Reuters FX volumes dip again in May

Daily currency trading volumes on Thomson Reuters fell for the fourth month running in May, untouched by some signs of improved volatility and volumes ahead of the European Central Bank's latest policy meeting earlier this month. Average volumes on Thomso
Published 15 Jun, 2014 12:00am
South Korea yuan bank deposits set new record in May

South Korea yuan bank deposits set new record in May

Yuan deposits at banks in South Korea rose by a net $1.42 billion during May to a record $11.33 billion mainly on increased investment by local institutions in China, the central bank said on Friday. It was the fourth-biggest monthly gain on record in yua
Published 15 Jun, 2014 12:00am
Sri Lankan rupee tad weaker

Sri Lankan rupee tad weaker

The Sri Lankan rupee edged down from a near a one-year high on Friday as importer dollar demand outpaced greenback sales by banks and exporters while state banks bought dollars to prevent volatility, dealers said. The rupee ended at 130.25/28 per dollar,
Published 15 Jun, 2014 12:00am
Brazil to double FX swaps

Brazil to double FX swaps

Brazil's central bank will double the amount of currency swaps it plans to auction to roll over expiring maturities after the real weakened sharply against the dollar on Monday. The bank said in a statement that on Tuesday, it will offer up to 10,000 swap
Published 15 Jun, 2014 12:00am
Pound to gain on euro but dip versus dollar

Pound to gain on euro but dip versus dollar

Sterling is set to make solid gains on the euro in the coming year as markets fully price in the divergent monetary policy paths the Bank of England and the European Central Bank are following, a Reuters poll found. The BoE is widely expected to be the fi
Published 15 Jun, 2014 12:00am
Dollar rises slightly on Iraq conflict, higher US yields

Dollar rises slightly on Iraq conflict, higher US yields

The dollar edged higher against a basket of major currencies on Friday after violence in Iraq triggered a safety bid for the US currency, while a slight rise in US bond yields underpinned the move. Escalating insurgent conflict in Iraq resulted in a cauti
Published 15 Jun, 2014 12:00am
SNB forex reserves up in May

SNB forex reserves up in May

The Swiss National Bank's foreign exchange reserves rose in May, data showed on Friday. The SNB held 444.354 billion Swiss francs in foreign currency at the end of May, compared with an unrevised 438.949 billion in April, preliminary data calculated accor
Published 15 Jun, 2014 12:00am
Canadian dollar flat

Canadian dollar flat

The Canadian dollar was little changed against the US dollar on Friday despite a rise in oil prices as increasing violence in Iraq spurred a flight to safety. Oil prices surged on fears that the escalating violence in Iraq could disrupt oil exports from t
Published 15 Jun, 2014 12:00am
Polish zloty leads currency losses, wary of Iraq

Polish zloty leads currency losses, wary of Iraq

The zloty led emerging central European currencies and stocks lower in a risk-off mood fuelled by escalating civil war in Iraq, while Polish inflation slowed more than forecast to fuel some monetary easing expectations. Polish inflation slowed to 0.2 perc
Published 15 Jun, 2014 12:00am
Australian, kiwi dollars seen retreating, slowly

Australian, kiwi dollars seen retreating, slowly

The Australian and New Zealand dollars are expected to lose steam over the next 12 months, reflecting the long-held view that the US dollar will strengthen over time as the Federal Reserve gets nearer to raising interest rates. A poll of 55 analysts forec
Published 15 Jun, 2014 12:00am
World Cup football fever grips Pakistan

World Cup football fever grips Pakistan

A corner of Karachi will forever be Brazil. Seen from overseas, Pakistan's biggest city this week issued a fresh reminder of its reputation for chaos and violence but on its teeming streets, the more burning topic of interest is the World Cup now under wa
Published 15 Jun, 2014 12:00am
Badminton: World number-ones reach Japan Open finals

Badminton: World number-ones reach Japan Open finals

Malaysian badminton superstar Lee Chong Wei and China's Olympic champion Li Xuerui roared to the men's and women's finals at the Japan Open Saturday, living up to their world number-one billings. Lee tamed Japan's Kenichi Tago 21-15, 21-17 in the men's se
Published 15 Jun, 2014 12:00am
Federer to bid for seventh Halle title

Federer to bid for seventh Halle title

Defending champion Roger Federer will bid for a seventh Halle title on Sunday after beating Japan's Kei Nishikori 6-3, 7-6 (7/4) in the semi-final of the grasscourt tournament. Swiss Federer, ranked fourth in the world, will meet 69th-ranked Alejandro Fal
Published 15 Jun, 2014 12:00am
Sangakkara ton helps Sri Lanka avoid follow-on

Sangakkara ton helps Sri Lanka avoid follow-on

The evergreen Kumar Sangakkara struck his 36th Test century, and first at Lord's, as he guided Sri Lanka past the follow-on mark to finish on 415 for seven on the third day of the first test against England on Saturday. The 36-year-old, the eighth highest
Published 15 Jun, 2014 12:00am
Chile beat Australia

Chile beat Australia

Chile helped pile the pressure on champions Spain after sealing an eventually comfortable 3-1 win over Australia in their World Cup Group B opener in Cuiaba on Friday. Early goals from Alexis Sanchez and Jorge Valdivia put the South Americans in front bef
Published 15 Jun, 2014 12:00am
Van Persie, Robben star as Dutch stun Spain

Van Persie, Robben star as Dutch stun Spain

Robin van Persie and Arjen Robben both scored twice as the Netherlands avenged their 2010 World Cup final defeat by routing holders Spain 5-1 on Friday in a record-breaking humiliation. As well as it being the worst ever mauling inflicted at a World Cup o
Published 15 Jun, 2014 12:00am
Spain mourns World Cup 'catastrophe'

Spain mourns World Cup 'catastrophe'

Spanish newspapers on Saturday bemoaned the "humiliation" and "catastrophe" of world champions Spain's 5-1 battering by the Netherlands in their opening World Cup match in Brazil. Most splashed on their front pages photos of Spain's goalkeeper and captain
Published 15 Jun, 2014 12:00am
Indian youngsters look to shine in Bangladesh

Indian youngsters look to shine in Bangladesh

India's fringe players will have a chance to impress the selectors in the build-up to next year's cricket World Cup on Sunday when they begin a short one-day series tour to Bangladesh. The visitors are without eight regulars, including captain Mahendra Si
Published 15 Jun, 2014 12:00am
Colombia beat Greece 3-0 in joyous World Cup return

Colombia beat Greece 3-0 in joyous World Cup return

Colombia celebrated their first World Cup appearance since 1998 with a deserved 3-0 win over Greece in a free-flowing display that showed their abundance of attacking talent even without top striker Radamel Falcao. The South Americans made a blistering st
Published 15 Jun, 2014 12:00am
Complaints about air pollution in Beijing double in five months

Complaints about air pollution in Beijing double in five months

Complaints about air pollution in the Chinese capital of Beijing more than doubled in the first five months of 2014, the city environment authority said, a sign of rising public anger about the cost of rapid economic growth. The Beijing Municipal Environm
Published 15 Jun, 2014 12:00am
Nuclear deal possible by July 20 with goodwill: Rouhani

Nuclear deal possible by July 20 with goodwill: Rouhani

President Hassan Rouhani urged world powers on Saturday to cut a deal with Iran by a July 20 deadline to end a dispute over its nuclear programme, arguing that in any case sanctions meant to restrict its atomic activity have frayed beyond repair.
Published 15 Jun, 2014 12:00am
Drone strikes kill five suspected militants in Yemen

Drone strikes kill five suspected militants in Yemen

A drone strike killed five suspected al Qaeda militants in Yemen late on Friday, a local official and a tribal source told Reuters on Saturday. Yemen is the main stronghold of al Qaeda in the Arabian Peninsula (AQAP), one of the Islamist militant group's
Published 15 Jun, 2014 12:00am
UN says 50,000 children face death in South Sudan as launches aid plan

UN says 50,000 children face death in South Sudan as launches aid plan

Tens of thousands of children in South Sudan could die this year without assistance from aid agencies, the United Nations said on Saturday, as it appealed for more than $1 billion to help those hit by six months of civil war. Fighting that erupted in Dece
Published 15 Jun, 2014 12:00am
US Navy names best-performing arms suppliers for 2014

US Navy names best-performing arms suppliers for 2014

The US Navy on Friday named units of top arms makers General Dynamics, Lockheed Martin Corp and Raytheon Co as part of its list of the top-performing nine suppliers for 2014 based on their performance over the last three years. The Pentagon said on Friday
Published 15 Jun, 2014 12:00am
British royals turn out for queen's 88th birthday

British royals turn out for queen's 88th birthday

Britain's royals were out in force on the Buckingham Palace balcony on Saturday to celebrate Queen Elizabeth II's 88th birthday. Some 32 members of the family joined the monarch to watch a military flypast over central London as part of her official birth
Published 15 Jun, 2014 12:00am
France deports Tunisian suspected of recruiting jihadists for Syria

France deports Tunisian suspected of recruiting jihadists for Syria

France announced Saturday that it has deported a Tunisian who was accused of recruiting young jihadists to fight in Syria, deeming him a threat to national security. The interior ministry said the 28-year-old was expelled to Tunisia on Thursday "as a matt
Published 15 Jun, 2014 12:00am
Suu Kyi seeks global support for charter change

Suu Kyi seeks global support for charter change

Myanmar opposition leader Aung San Suu Kyi called on the international community Saturday to support her campaign to change a military-drafted constitution that bars her from becoming president, and help prepare "a fair playing ground" for elections next
Published 15 Jun, 2014 12:00am
Vice-head of China government advisory body under probe

Vice-head of China government advisory body under probe

The vice-chairman of China's top parliamentary advisory body has been put under investigation for serious "disciplinary violations", usually Chinese Communist Party shorthand for graft, the country's corruption watchdog said on Saturday. Su Rong, elected
Published 15 Jun, 2014 12:00am
Syria TV says 30 killed in blast near Iraq border

Syria TV says 30 killed in blast near Iraq border

A bomb attack targeting a weapons bazaar in eastern Syria near the Iraqi border killed 30 "terrorists" on Saturday, state television reported. "A big explosion hits a terrorist arms market in Mayadeen, killing 30 terrorists and wounding dozens of others,"
Published 15 Jun, 2014 12:00am
Preity Zinta files molestation complaint

Preity Zinta files molestation complaint

One of India's top Bollywood actresses Preity Zinta has filed a police complaint alleging that she was molested, abused and threatened by a former boyfriend at an Indian Premier League (IPL) cricket match, officials said Saturday. Zinta accused businessma
Published 15 Jun, 2014 12:00am
Australians rally over future of Tasmania forest

Australians rally over future of Tasmania forest

Thousands of Australians rallied Saturday against the proposed logging of protected forests in rugged Tasmania ahead of a UNESCO World Heritage meeting where the issue will be discussed. The conservative government has asked UNESCO to revoke its World Her
Published 15 Jun, 2014 12:00am
Stubb to be Finland's next Prime Minister, backs Nato membership

Stubb to be Finland's next Prime Minister, backs Nato membership

Finland's EU minister Alexander Stubb, who wants to cut taxes and take his neutral country into Nato, won the leadership of his ruling conservative party on Saturday, putting him on track to become prime minister later this month. British and US-educated
Published 15 Jun, 2014 12:00am
Jazz singer Jimmy Scott dies

Jazz singer Jimmy Scott dies

Jazz singer Jimmy Scott - famed for his unusually high soprano voice caused by a rare genetic condition - has died, US media reported Friday. He was 88. Scott died in his sleep Thursday at his home in Las Vegas, the reports said, without revealing the cau
Published 15 Jun, 2014 12:00am
Britain providing $5 million emergency aid to Iraq

Britain providing $5 million emergency aid to Iraq

Britain said Saturday it would provide £3 million ($5 million, 3.8 million euros) of emergency humanitarian assistance to help civilians fleeing the jihadists who have overrun a large chunk of northern Iraq. The initial support package includes medicine,
Published 15 Jun, 2014 12:00am
Philippines protests over Chinese reef 'reclamation'

Philippines protests over Chinese reef 'reclamation'

The Philippines said on Saturday it had filed a protest with Beijing for reclaiming land on a disputed South China Sea reef, the fourth such complaint in three months. The new protest over reclamation at the McKeenan Reef in the Spratly Islands chain furt
Published 15 Jun, 2014 12:00am
President urges Germany to take more military responsibility

President urges Germany to take more military responsibility

Germany should play a more active military role abroad, its President Joachim Gauck said in an interview published on Saturday, urging it to drop its post-war reluctance. Seven decades after the end of World War Two, Germany's Nazi past means it remains h
Published 15 Jun, 2014 12:00am
Poachers kill famed giant Kenyan elephant

Poachers kill famed giant Kenyan elephant

One of Africa's largest elephants has died after being shot by poachers using poisoned arrows in Kenya, wildlife officials said as they mourned the loss of an "old friend." The elephant famed for his giant tusks, known as Satao and aged around 45, was wou
Published 15 Jun, 2014 12:00am
Shanghai film festival opens with domestic focus

Shanghai film festival opens with domestic focus

Shanghai on Saturday kicked off its annual film festival, a nine-day event with a heavy emphasis on Chinese cinema and a sprinkling of Hollywood stars promoting their latest works. The Shanghai International Film Festival dates to 1993, but a similar even
Published 15 Jun, 2014 12:00am
Turkey pulls diplomats out of Benghazi, urges nationals to leave

Turkey pulls diplomats out of Benghazi, urges nationals to leave

Turkey has temporarily pulled its diplomatic staff out of the Libyan city of Benghazi and urged its nationals to leave the east of the country amid mounting security concerns, the Turkish foreign ministry said on Saturday. Turkey is one of the last countr
Published 15 Jun, 2014 12:00am
Turkey defends actions over consulate seizure in Iraq, 80 still held

Turkey defends actions over consulate seizure in Iraq, 80 still held

Diplomats and soldiers trapped inside Turkey's consulate in the northern Iraqi city of Mosul had no option but to surrender this week after hundreds of heavily armed Islamist militants surrounded the building, the foreign ministry said on Saturday. The se
Published 15 Jun, 2014 12:00am
Olam sees third consecutive cocoa deficit in 2014-15

Olam sees third consecutive cocoa deficit in 2014-15

Commodities trader Olam International expects a third consecutive global cocoa deficit in 2014/15 will help to drive price increases of up to 10 percent, as demand growth out paces supply. Amit Suri, Olam's chief operating officer for cocoa, said: "2014/1
Published 15 Jun, 2014 12:00am
US cotton ends a shade lower, appears poised for rebound

US cotton ends a shade lower, appears poised for rebound

US cotton's benchmark contract ended a shade lower on Friday as the market digested a rally from the previous session, but traders said a rebound was possible in coming days due to improving price chart signals and drier crop weather. Some traders were al
Published 15 Jun, 2014 12:00am
Vietnam rice prices hit six-month high, Thai rice policy in focus

Vietnam rice prices hit six-month high, Thai rice policy in focus

Demand from China helped push Vietnamese rice prices to their highest in six months, while uncertainty in the wake of a coup in Thailand kept potential buyers of the country's grain on the sidelines, traders said on Wednesday. Vietnamese 5-percent broken
Published 15 Jun, 2014 12:00am
Burundi coffee growers to open own bank

Burundi coffee growers to open own bank

Burundi coffee growers plan to open their own bank to give out the loans they need to invest in improving production, in an industry which accounts for a substantial chunk of the small east African country's economy. It will be the first time Burundi coff
Published 15 Jun, 2014 12:00am
Copper market on alert for LME inventory influx amid China probe

Copper market on alert for LME inventory influx amid China probe

Thousands of tonnes of "invisible" copper now being hurriedly ushered out of some Chinese warehouses may remain out of sight for months longer, as banks and traders seeking safer havens for their metal opt out of the London Metal Exchange network. The fea
Published 15 Jun, 2014 12:00am
Palladium hits one-month low in New York; gold up

Palladium hits one-month low in New York; gold up

Palladium tumbled to a one-month low on Friday, extending its biggest drop in nearly a year in the previous session, as investors awaited confirmation that South Africa's longest mining strike would end soon. Gold prices edged up after Thursday's 1 percen
Published 15 Jun, 2014 12:00am
Iraq violence sends oil prices surging towards $115

Iraq violence sends oil prices surging towards $115

Oil hit a nine-month peak this week as unrest erupted in key Opec crude producer Iraq, while haven investment gold struck a multi-week high as many investors sought safety. The Iraqi government bolstered Baghdad's defences on Friday as jihadists pushed to
Published 15 Jun, 2014 12:00am
Iraq violence sends oil prices surging towards $115

Iraq violence sends oil prices surging towards $115

Oil hit a nine-month peak this week as unrest erupted in key Opec crude producer Iraq, while haven investment gold struck a multi-week high as many investors sought safety. The Iraqi government bolstered Baghdad's defences on Friday as jihadists pushed to
Published 15 Jun, 2014 12:00am
World Blood Donors Day: TUF organises blood donation camp

World Blood Donors Day: TUF organises blood donation camp

The University of Faisalabad (TUF) Blood Donation Society and Department of Pathology, University Medical and Dental College organised a Blood Donation Camp to mark "World Blood Donors Day" on June 14, 2014.
Published 15 Jun, 2014 12:00am
Punjab budget 2014-15: Rs 31.560 billion allocated for roads' network

Punjab budget 2014-15: Rs 31.560 billion allocated for roads' network

The Punjab government has allocated an amount of Rs 31.560 billion in budget 2014-15 for the road sector. Out of this amount, Rs 11.531 billion have been set aside for the southern Punjab while an amount of Rs 2.1 billion is allocated for improvement and
Published 15 Jun, 2014 12:00am
LHC directs ministry to restore status of PMDC

LHC directs ministry to restore status of PMDC

A division bench of the Lahore High Court (LHC) directed the Ministry of National Health Services, Regulations and Co-ordination, to proceed for restoration of the permanent statutory status of the PMDC as early as possible. The bench headed by Chief Just
Published 15 Jun, 2014 12:00am
B2B meetings: LCCI team leaves for France, Germany

B2B meetings: LCCI team leaves for France, Germany

A 22-member delegation headed by President Lahore Chamber of Commerce and Industry (LCCI) Sohail Lashari has left for France, Germany, Belgium, Bosnia and Herzegovina. During 16-day long visit to the four leading countries, the LCCI delegation would have
Published 15 Jun, 2014 12:00am
Punjab chief minister rejects IDC

Punjab chief minister rejects IDC

Punjab Chief Minister Muhammad Shahbaz Sharif rejected the proposal of imposing Infrastructure Development Cess (IDC) in the new budget of the province. He made it clear to the concerned authorities that promotion of industrial development was one of the
Published 15 Jun, 2014 12:00am
Proposed Punjab IDC may increase cost of production

Proposed Punjab IDC may increase cost of production

The proposed Punjab Infrastructure Development Cess (PIDC) is likely to increase production cost which may have negative impact on government efforts to increase exports to EU under GSP plus The Punjab government has announced in the budget 2014-15 that a
Published 15 Jun, 2014 12:00am
Punjab chief minister, Turk team discuss reforms in police system

Punjab chief minister, Turk team discuss reforms in police system

A representative delegation of Turk Police headed by Dr Mustafa Ozguler met Punjab Chief Minister Shahbaz Sharif, here on Saturday. Reforms in police system and further promotion of co-operation in modern training programme were discussed at the meeting.
Published 15 Jun, 2014 12:00am
Funds must be used for Southern Punjab uplift: MCCI chief

Funds must be used for Southern Punjab uplift: MCCI chief

Multan Chamber of Commerce and Industry (MCCI) President Khawaja Muhammad Usman said that Punjab Chief Minister Shahbaz Sharif allocated 36 percent of total budget for Southern Punjab to alleviate the miseries of people and urged that these funds must be
Published 15 Jun, 2014 12:00am
100 percent literacy rate to be achieved in 2015: Mashhood

100 percent literacy rate to be achieved in 2015: Mashhood

Provincial Minister for Education Rana Mashhood Ahmed Khan said Punjab government will be able to achieve the millennium development goal of achieving 100 percent literacy rate in 2015, one year prior to the stipulated timeframe, on account of the additio
Published 15 Jun, 2014 12:00am
Rs 190 million earmarked for environment sector

Rs 190 million earmarked for environment sector

Punjab government allocates an amount of Rs 190 million during the financial year 2014-15 for Environment Sector for five new and five ongoing schemes. According to the budget documents, the scheme titled Establishment of Air Quality Monitoring System in
Published 15 Jun, 2014 12:00am
Father sells newborn twin daughters to pay off hospital fee

Father sells newborn twin daughters to pay off hospital fee

A poor father on Saturday sold his twin daughters to pay hospital dues worth Rs 32,500. According to details, Nadra Bibi, wife of Bilal Khan, was admitted to Ali Clinic and Maternity Home for delivery. The private hospital is situated in Jalalpur Jattan a
Published 15 Jun, 2014 12:00am
Cyclone Nanauk: 40 villages in Thatta inundated

Cyclone Nanauk: 40 villages in Thatta inundated

Forty villages in Thatta have been inundated while the water level has begun to decrease in Badin as Cyclone Nanauk is likely to strike the coastal areas of Oman today (Sunday). Residents of Thatta have been forced to take refuge in boats and have mended
Published 15 Jun, 2014 12:00am
Security man killed

Security man killed

A security man was killed while two other personnel injured in a landmine blast here on Saturday. According to reports, the blast took place in Tehsil Saafi. The injured personnel were shifted to hospital for treatment.
Published 15 Jun, 2014 12:00am
Non-availability of Thyroxin Patients of thyroid cancer voice concern

Non-availability of Thyroxin Patients of thyroid cancer voice concern

Patients of Thyroid cancer have voiced their concern over non-availability of Thyroxin in the market. This was stated by Dr Khalid Nawaz, President Pakistan Society of Nuclear Medicine while talking to media persons. Such patients are at despair as they g
Published 15 Jun, 2014 12:00am
Colgate organises 'My Bright Smile' Global Art Contest

Colgate organises 'My Bright Smile' Global Art Contest

For 14 years, Colgate Palmolive's "My Bright Smile" Global Art Contest has given children across the globe a platform to express their creativity and showcase their artistic talents. The contest was held under the umbrella of Colgate's Oral Health Educati
Published 15 Jun, 2014 12:00am
Pakistan, Uzbek groups continuing threat to peace: UN report

Pakistan, Uzbek groups continuing threat to peace: UN report

Al Qaeda affiliates from Pakistan and Uzbekistan are participating regularly in attacks on Afghan military forces and pose "a direct terrorist challenge" for Afghanistan, south and central Asia and the international community, UN experts said in a new rep
Published 15 Jun, 2014 12:00am
'Police lock-up': LHC takes notice of torture

'Police lock-up': LHC takes notice of torture

The Lahore High Court here on Saturday taking notice of chopping off hand from the wrist of an accused and cutting wrist of another accused during 'brutal torture' in lock-up allegedly by police directed District and Sessions Judge Vehari to look into the
Published 15 Jun, 2014 12:00am
Additional troops deployed on Pak-Afghan border: ISPR

Additional troops deployed on Pak-Afghan border: ISPR

Additional troops have been deployed on Pak-Afghan border, to reinforce existing security arrangements, for conduct of peaceful Presidential elections in Afghanistan, said a spokesman of ISPR here on Saturday. He said that a number of measures have been t
Published 15 Jun, 2014 12:00am
Three killed as vehicle falls in river in Skardu

Three killed as vehicle falls in river in Skardu

Three persons were killed while two others rescued alive when a vehicle fell in river here on Saturday. A private TV channel said a vehicle coming to main Skardu city skidded off road and plunged into River Sindh at Tolti area of Skardu. The rescue person
Published 15 Jun, 2014 12:00am
Budget prepared on IMF's dictation, alleges PPP lawmaker

Budget prepared on IMF's dictation, alleges PPP lawmaker

Pakistan People's Party (PPP) on Saturday accused Pakistan Muslim League-Nawaz-led federal government of sheer incompetence, saying it followed the guidelines of International Monetary Fund (IMF) in preparing 2014-15 budget. Taking part in the budget deba
Published 15 Jun, 2014 12:00am
Development of safer communities: MoU signed to motivate youth

Development of safer communities: MoU signed to motivate youth

A memorandum of understanding (MoU) was signed between the Punjab Emergency Service (Rescue 1122) and Chief Minister's Chief Social Mobilizer MNA Shaista Pervaiz Malik here on Saturday. Punjab Governor Chaudhry Mohammad Sarwar, Rescue Punjab Director Gene
Published 15 Jun, 2014 12:00am
PML-N vows creation of new Hazara province in Khyber Pakhtunkhwa

PML-N vows creation of new Hazara province in Khyber Pakhtunkhwa

Pakistan Muslim League-Nawaz (PML-N) government on Saturday assured the opposition members that steps would be taken for creating a new Hazara province in Khyber Pakhtunkhwa. The PML-N wants to create new provinces in the country on the basis of administr
Published 15 Jun, 2014 12:00am
Chinese-funded projects being implemented under fast track policy: Dar

Chinese-funded projects being implemented under fast track policy: Dar

Finance Minister Ishaq Dar has said the government has adopted fast track policy for the implementation of projects started with the Chinese co-operation. He was talking to Sun Weidong, Chinese Ambassador in Pakistan, who called on him at here on Saturday
Published 15 Jun, 2014 12:00am
OIC invites Mirwaiz, Gilani

OIC invites Mirwaiz, Gilani

The Organisation of Islamic Co-operation (OIC) has invited Kashmiri pro-freedom leadership for the two-day 41st session of Council of Foreign Ministers to be held in Jeddah on June 18 and 19. As per media reports a formal invitation has been forwarded to
Published 15 Jun, 2014 12:00am
Killing of Balochistan Assembly's minority member slammed

Killing of Balochistan Assembly's minority member slammed

Members of National Assembly, belonging to various political parties, strongly condemned the killing of Handery Masieh, a member of Balochistan Assembly in Quetta, on Saturday. The parliamentarians strongly condemned the attack on minority member of Baloc
Published 15 Jun, 2014 12:00am
Establishment of SUN-CSA: role of civil society organisations discussed

Establishment of SUN-CSA: role of civil society organisations discussed

The role of civil society organisations was discussed on Friday during a national consultation on establishment of Scaling Up Nutrition-Civil Society Alliance (SUN-CSA) organised by development partners including Save the Children Pakistan Program and Pak
Published 15 Jun, 2014 12:00am
Two militants killed in Hangu

Two militants killed in Hangu

Two militants were killed and three others sustained injuries in a clash between two armed militant groups in Spin Thall area here on Saturday. According to sources, exchange of fire between two armed groups occurred in front of a house of local militant
Published 15 Jun, 2014 12:00am
Twin blasts kill one, injure five

Twin blasts kill one, injure five

At least one person was killed and five others injured in twin blasts at Khanpur of Manshera district here on Saturday. According to the police, first explosion apparently caused by Improvised Explosive Device (IED) occurred when a vehicle of security for
Published 15 Jun, 2014 12:00am
Punjab government allocates Rs 7393 million to promote IT culture

Punjab government allocates Rs 7393 million to promote IT culture

The Punjab government allocated an amount of Rs 7,393 million for the promotion of IT culture in the proposed Punjab budget of 2014-2015. As per budget document, major thrust of the investment in the public sector would be on Development of Management Inf
Published 15 Jun, 2014 12:00am
Transport sector of Karachi remained neglected for last two decades

Transport sector of Karachi remained neglected for last two decades

The important public transport sector of Karachi has remained totally neglected for the last two decades and millions of commutes of the city suffer due to this ignorance at governmental level and with highly inefficient and costly public transport system
Published 15 Jun, 2014 12:00am
ICMAP holds post-budget seminar

ICMAP holds post-budget seminar

Institute of Cost & Management Accountants of Pakistan (ICMA Pakistan), Lahore Branch Council organised a Post Budget Seminar 2014-15 at its Lahore campus. The objective of the seminar was to explore opportunities in the budget and discuss its implication
Published 15 Jun, 2014 12:00am
Woman axed to death for honour in Lahore

Woman axed to death for honour in Lahore

A man axed his wife to death and injured a relative for honour and fled away here on Saturday. Police said accused Sajjad, hailing from Momanpura of Baghbanpura, Lahore, was suspicious about character of his wife Laiba, 32. The culprit attacked his wife a
Published 15 Jun, 2014 12:00am
Lecture arranged on 'Character Building'

Lecture arranged on 'Character Building'

Pharmaceutical companies arranged a special lecture on "Character Building: A Metaphysical Perspective" in which Chairman of research based think tank MUSLIM Institute Sahibzada Sultan Ahmad Ali delivered the special lecture. President of Pakistan Medical
Published 15 Jun, 2014 12:00am
Seven workers electrocuted

Seven workers electrocuted

Seven workers were electrocuted when they were laying a pipeline of Sui-gas near Basira (Muzaffargarh district) then their pipe touched a main transmission line on sand dunes near Basira village some 45 km west of Multan. They were connecting the Turkish
Published 15 Jun, 2014 12:00am
KITE organises student counsellors networking session

KITE organises student counsellors networking session

Karachi Institute of Technology and Entrepreneurship (KITE) hosted 'KITE CONNECT,' a student counsellors networking session recently at KITE campus. The networking event was based on three sessions, focusing on topics concerning the implementation of a mo
Published 15 Jun, 2014 12:00am
Crime incidence rises in Capital

Crime incidence rises in Capital

The crime statistics compiled for the last week indicates that no locality, no street, no market in federal capital is out of criminals reach despite joint-patrolling by law enforcement agencies. The crime figure of the last week showed that the law and o
Published 15 Jun, 2014 12:00am
Three mortar shells fired from Afghanistan

Three mortar shells fired from Afghanistan

Three mortar shells were fired from Afghanistan on Saturday which fell near the Pak-Afghan border. According to sources, the mortar shells landed in Lowai Shalman area of the Landikotal Tehsil of the Khyber Agency. No casualty was reported in the incident
Published 15 Jun, 2014 12:00am
Political influence rules the roost in KMC

Political influence rules the roost in KMC

Political influence rules the roost in the departments of Karachi Metropolitan Corporation (KMC) as the contracts of politically backed blue-eyed workers are only being renewed against the merits, sources told Business Recorder. Sources said contra
Published 15 Jun, 2014 12:00am
Malik for beefing up security at airports

Malik for beefing up security at airports

The Pakistan People's Party (PPP) Senator and former interior minister Rehman Malik demanded further beefing up security arrangements at airports. Talking to media persons at Karachi airport on Saturday, Rehman Malik said such types of terrorist attacks a
Published 15 Jun, 2014 12:00am
China to strengthen strategic partnership with Pakistan: envoy

China to strengthen strategic partnership with Pakistan: envoy

Chinese Ambassador in Islamabad, Sun Weidong, on Saturday told Finance Minister Senator Ishaq Dar, that Beijing would help further boost the existing strong and strategic partnership between the two countries. The Ambassador also discussed avenues for enh
Published 15 Jun, 2014 12:00am
Rs 8.28 billion earmarked for health

Rs 8.28 billion earmarked for health

Pakistan Tehreek-i-Insaf-led coalition government in Khyber Pakhtunkhwa has allocated over Rs 8.28billion for health sector in its budget for the fiscal 2014-15. According to budget documents, the budgetary allocations made for the health sector would be
Published 15 Jun, 2014 12:00am
Rs 8.28 billion earmarked for health

Rs 8.28 billion earmarked for health

Pakistan Tehreek-i-Insaf-led coalition government in Khyber Pakhtunkhwa has allocated over Rs 8.28billion for health sector in its budget for the fiscal 2014-15. According to budget documents, the budgetary allocations made for the health sector would be
Published 15 Jun, 2014 12:00am
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