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Print - 2014-06-27
'Terrorist plague' tops agenda at African Union summit

'Terrorist plague' tops agenda at African Union summit

African leaders gathered Thursday for a summit dominated by fears over a rise in extremist groups sowing terror across the continent. From the Sahel to Nigeria, central and east Africa, armed Islamist groups carry out attacks, kidnappings and chilling mas
Published 27 Jun, 2014 12:00am
US teen pilot reaches India in around-the-world tour

US teen pilot reaches India in around-the-world tour

A 19-year-old American attempting to become the youngest person ever to fly around the world solo reached India Thursday, more than a month into his aerial odyssey. Matt Guthmiller, a student at the Massachusetts Institute of Technology (MIT), smiled and
Published 27 Jun, 2014 12:00am
Gunmen briefly seize Yemen airport in deadly assault

Gunmen briefly seize Yemen airport in deadly assault

Suspected al Qaeda gunmen briefly seized a Yemeni airport in a deadly assault Thursday, just as a civilian airliner was landing, before the airfield was retaken by the army, officials said. They gunned down three soldiers at the entrance to Sayun airport
Published 27 Jun, 2014 12:00am
Peres receives US Congressional Gold Medal

Peres receives US Congressional Gold Medal

Outgoing Israeli President Shimon Peres on Thursday received the Congressional Gold Medal in the US Capitol rotunda, as he bids farewell to Washington after decades of working with American leaders. The 90-year-old Peres, who will leave office next month,
Published 27 Jun, 2014 12:00am
World Cup over for Suarez after record ban for biting

World Cup over for Suarez after record ban for biting

Uruguay's Luis Suarez was hit with the biggest ban imposed at a World Cup on Thursday as FIFA threw the book at one of soccer's most talented but controversial players for biting an opponent. The sport's governing body suspended Suarez from all football-r
Published 27 Jun, 2014 12:00am
France fire blanks, Ecuador eliminated

France fire blanks, Ecuador eliminated

Ten-man Ecuador held France to a 0-0 draw at the Maracana on Wednesday but Didier Deschamps' side still topped Group E to progress to a last-16 tie against Nigeria. Through luck, determination, bad finishing and excellent goalkeeping by Alexander Domingue
Published 27 Jun, 2014 12:00am
Swiss beat Honduras to set up Messi date

Swiss beat Honduras to set up Messi date

Switzerland's Xherdan Shaqiri erased his side's lingering World Cup pain in Manaus on Wednesday, scoring a hat-trick to see off Honduras 3-0 and secure a daunting last-16 tie against Lionel Messi's Argentina. Four years ago the Central Americans denied Sw
Published 27 Jun, 2014 12:00am
Nadal fights off bogeyman Rosol, Serena on a roll

Nadal fights off bogeyman Rosol, Serena on a roll

World number one Rafael Nadal pulled back from the abyss to reach the Wimbledon third round on Thursday just when it looked as though bogeyman Lukas Rosol had returned to haunt him. Two years after being knocked out at the same stage by the hard-hitting C
Published 27 Jun, 2014 12:00am
Ruthless Sharapova continues smooth progress

Ruthless Sharapova continues smooth progress

Maria Sharapova put in a business-like performance to cast aside qualifier Timea Bacsinszky 6-2 6-1 in only an hour on her way to the third round at Wimbledon. The fifth seed showed the sort of ruthless precision that won her the French Open title this mo
Published 27 Jun, 2014 12:00am
Germany and US sail into knockout stages

Germany and US sail into knockout stages

Thomas Mueller's second-half goal saw Germany sail to a 1-0 victory over the United States in World Cup Group G on Thursday, a result that saw both teams progress to the knockout stage of the tournament. Germany top the group and will face the runner-up i
Published 27 Jun, 2014 12:00am
Srinivasan's 'conscience clear' as elected new ICC chairman

Srinivasan's 'conscience clear' as elected new ICC chairman

Controversial Indian cricket chief N. Srinivasan said his conscience was clear after being elected Thursday as the new ICC chairman despite figuring in a corruption inquiry. The powerful industrialist was appointed despite being suspended by India's Supre
Published 27 Jun, 2014 12:00am
Next ICC President to be from Pakistan

Next ICC President to be from Pakistan

Pakistan has made extraordinarily significant gains at the International Cricket Council's (ICC) annual meeting at Melbourne on Thursday. Of the three major concessions that PCB Chairman Najam Sethi was able to secure to Pakistan's great advantage one is
Published 27 Jun, 2014 12:00am
Punjab government to establish gymnasia, sports complexes

Punjab government to establish gymnasia, sports complexes

Provincial Minister for Education, Sports, Law and Tourism Rana Mashhood Ahmad Khan said Punjab government vows to focus on establishing gymnasia and sports complexes in all 137 tehsils of the province in the days to come. "The government has already prov
Published 27 Jun, 2014 12:00am
Gay free to run as IAAF elects not to appeal

Gay free to run as IAAF elects not to appeal

World athletics' governing body, the IAAF, announced Thursday that it would not appeal the reduced one-year sanction for doping served by American sprinter Tyson Gay. Gay was banned in June 2013 after testing positive for a banned anabolic steroid in two
Published 27 Jun, 2014 12:00am
Sterling rises above $1.70

Sterling rises above $1.70

Sterling rose on Thursday before a Bank of England financial stability report which is likely to contain measures to cool the UK's housing market, adding fuel to the debate over when a hike in interest rates will come. BoE Governor Mark Carney has warned
Published 27 Jun, 2014 12:00am
ISIL not focusing on Udoo al-Baeed

ISIL not focusing on Udoo al-Baeed

As expected, US Secretary of State John Kerry's meeting with Iraqi prime minister Nouri al-Maliki and other relevant stakeholders in Baghdad has only added to the confusion now spawning Washington and some other Western capitals over the feared break-up o
Published 27 Jun, 2014 12:00am
LSE index rises by 51.19 points

LSE index rises by 51.19 points

Equities registered more gains on the Lahore Stock Exchange (LSE) amid descending transaction volume on Thursday. The LSE-25 index gained 51.19 points to close at 5563.60 against 5512.41 of Wednesday while transaction volume was declined to 01.049 million
Published 27 Jun, 2014 12:00am
LSE index rises by 51.19 points

LSE index rises by 51.19 points

Equities registered more gains on the Lahore Stock Exchange (LSE) amid descending transaction volume on Thursday. The LSE-25 index gained 51.19 points to close at 5563.60 against 5512.41 of Wednesday while transaction volume was declined to 01.049 million
Published 27 Jun, 2014 12:00am
ISE index surges by 68.10 points

ISE index surges by 68.10 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 68.10 points as the ISE Ten Index move
Published 27 Jun, 2014 12:00am
ISE index surges by 68.10 points

ISE index surges by 68.10 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 68.10 points as the ISE Ten Index move
Published 27 Jun, 2014 12:00am
EU leaders seek to defuse bitter row with Cameron

EU leaders seek to defuse bitter row with Cameron

Europe's leaders sought to defuse a bitter quarrel with Britain's David Cameron as they gathered for an emotionally-charged remembrance ceremony in Ypres, the scene of horrific carnage in World War 1. As Europe recalled what happens when leaders fail to p
Published 27 Jun, 2014 12:00am
EU leaders seek to defuse bitter row with Cameron

EU leaders seek to defuse bitter row with Cameron

Europe's leaders sought to defuse a bitter quarrel with Britain's David Cameron as they gathered for an emotionally-charged remembrance ceremony in Ypres, the scene of horrific carnage in World War 1. As Europe recalled what happens when leaders fail to p
Published 27 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
Afghan forces fight back against Taliban onslaught

Afghan forces fight back against Taliban onslaught

Afghan troops have launched a counter-offensives to beat back a five-day Taliban attack that targeted several southern districts previously protected by departing Nato forces, officials said Thursday. The Taliban's drive into Helmand province is the bigge
Published 27 Jun, 2014 12:00am
Afghan forces fight back against Taliban onslaught

Afghan forces fight back against Taliban onslaught

Afghan troops have launched a counter-offensives to beat back a five-day Taliban attack that targeted several southern districts previously protected by departing Nato forces, officials said Thursday. The Taliban's drive into Helmand province is the bigge
Published 27 Jun, 2014 12:00am
Imran refuses to visit Bannu, asks CM to accompany PM

Imran refuses to visit Bannu, asks CM to accompany PM

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Thursday turned down a request from Prime Minister Nawaz Sharif to accompany him to Bannu to take stock of the situation in camps set up for internally displaced persons (IDPs) in the wake of a militar
Published 27 Jun, 2014 12:00am
Imran refuses to visit Bannu, asks CM to accompany PM

Imran refuses to visit Bannu, asks CM to accompany PM

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Thursday turned down a request from Prime Minister Nawaz Sharif to accompany him to Bannu to take stock of the situation in camps set up for internally displaced persons (IDPs) in the wake of a militar
Published 27 Jun, 2014 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan will remain closed for public dealing on Tuesday the 1st July 2014, declared as bank holiday. All banks/DFIs/MFBs shall, therefore, remain closed for public dealing on the above date. However, all employees of the banks/DFIs/MFB
Published 27 Jun, 2014 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

Divergent trend was again witnessed on the currency market on Thursday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee continued overnight slide in terms of the dollar, losing six paisa for buying and se
Published 27 Jun, 2014 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan will remain closed for public dealing on Tuesday the 1st July 2014, declared as bank holiday. All banks/DFIs/MFBs shall, therefore, remain closed for public dealing on the above date. However, all employees of the banks/DFIs/MFB
Published 27 Jun, 2014 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

Divergent trend was again witnessed on the currency market on Thursday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee continued overnight slide in terms of the dollar, losing six paisa for buying and se
Published 27 Jun, 2014 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan will remain closed for public dealing on Tuesday the 1st July 2014, declared as bank holiday. All banks/DFIs/MFBs shall, therefore, remain closed for public dealing on the above date. However, all employees of the banks/DFIs/MFB
Published 27 Jun, 2014 12:00am
Jamat-ud-Dawa condemns 'terror' label

Jamat-ud-Dawa condemns 'terror' label

The leader of a Jamat-ud-Dawa Hafiz Saeed that was labelled a terror group and slapped with economic sanctions by the United States denied having any links to militancy on Thursday and vowed to hold protests. Hafiz Saeed insisted his group was a charity a
Published 27 Jun, 2014 12:00am
Jamat-ud-Dawa condemns 'terror' label

Jamat-ud-Dawa condemns 'terror' label

The leader of a Jamat-ud-Dawa Hafiz Saeed that was labelled a terror group and slapped with economic sanctions by the United States denied having any links to militancy on Thursday and vowed to hold protests. Hafiz Saeed insisted his group was a charity a
Published 27 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
Global role divides US across political spectrum

Global role divides US across political spectrum

Most Americans want the United States to do less overseas, with the question of the country's global role divisive across the political spectrum, a survey said Thursday. Six in ten said the United States should focus more on home and less overseas, accord
Published 27 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
Global role divides US across political spectrum

Global role divides US across political spectrum

Most Americans want the United States to do less overseas, with the question of the country's global role divisive across the political spectrum, a survey said Thursday. Six in ten said the United States should focus more on home and less overseas, accord
Published 27 Jun, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
Prime Minister launches Qarz-e-Hasna Scheme

Prime Minister launches Qarz-e-Hasna Scheme

Prime Minister Nawaz Sharif on Thursday said the government initiative to provide business loans to deserving people will help put the country on the path of economic development and prove to be the backbone of national economy. Addressing the launching c
Published 27 Jun, 2014 12:00am
Prime Minister launches Qarz-e-Hasna Scheme

Prime Minister launches Qarz-e-Hasna Scheme

Prime Minister Nawaz Sharif on Thursday said the government initiative to provide business loans to deserving people will help put the country on the path of economic development and prove to be the backbone of national economy. Addressing the launching c
Published 27 Jun, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
Prime Minister launches Qarz-e-Hasna Scheme

Prime Minister launches Qarz-e-Hasna Scheme

Prime Minister Nawaz Sharif on Thursday said the government initiative to provide business loans to deserving people will help put the country on the path of economic development and prove to be the backbone of national economy. Addressing the launching c
Published 27 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (June 26, 2014) and for Friday (June 27, 2014).
Published 27 Jun, 2014 12:00am
Nisab fixed at Rs 38,810

Nisab fixed at Rs 38,810

The Nisab for deduction of Zakat from specific bank accounts has been fixed at Rs 38,810 by the federal government. The Administrator General Zakat has notified the "Nisab of Zakat" for the Zakat year 1434-35 A.H. According to Ministry of Religious Affair
Published 27 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
Nisab fixed at Rs 38,810

Nisab fixed at Rs 38,810

The Nisab for deduction of Zakat from specific bank accounts has been fixed at Rs 38,810 by the federal government. The Administrator General Zakat has notified the "Nisab of Zakat" for the Zakat year 1434-35 A.H. According to Ministry of Religious Affair
Published 27 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 27 Jun, 2014 12:00am
Keamari blast: Minister visits injured lady at hospital

Keamari blast: Minister visits injured lady at hospital

Federal Minister for Ports and Shipping, Senator Kamran Michael visited the woman injured in Keamari blast incident, at a local hospital to enquire after her health and ordered to provide immediate and free treatment to her. The Minister was accompanied b
Published 27 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 27 Jun, 2014 12:00am
Punjab's supplementary budget sails through

Punjab's supplementary budget sails through

Punjab Assembly on Thursday passed supplementary Budget of Rs 21.67 billion for the year 2013-14. Opposition benches in the assembly implored upon the authorities to constitute a parliamentary committee for construction of Kalabagh Dam. They stated that m
Published 27 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 26, 2014).

Published 27 Jun, 2014 12:00am
US contributes additional $8 million to help IDPs

US contributes additional $8 million to help IDPs

The United States contributed an additional $8 million to help the government of Pakistan meet the food and nutritional needs of the Internally Displaced Persons (IDPs) from the Federally Administered Tribal Areas (FATA). The contribution, provided throug
Published 27 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (June 26, 2014) and the forecast for Friday (June 27, 2014).

Published 27 Jun, 2014 12:00am
NA-125: Tribunal allows verification of thumb impressions

NA-125: Tribunal allows verification of thumb impressions

An election tribunal here on Thursday allowed verification of thumb impressions on ballet papers in NA-125 elect constituency of Minister Railways Khawaja Saad Rafique. The tribunal also summoned Khawja Saad Rafique for June 30. A PTI leader and candidate
Published 27 Jun, 2014 12:00am
Adequate security: former chairman Senate's plea accepted

Adequate security: former chairman Senate's plea accepted

The Islamabad High Court (IHC) on Thursday accepted the plea of former Chairman Senate Waseem Sajjad with directives to Interior Ministry to provide him with adequate security as per a summary approved by the then Prime Minister for former chairmen Senate
Published 27 Jun, 2014 12:00am
Zahoor Awan felicitated

Zahoor Awan felicitated

Leaders of various labour organisations have felicitated Mohammad Zahoor Awan, central general secretary of Pakistan Workers' Federation, on being elected as member of the Geneva-based International Labour Organisation's governing body. Speaking at a rece
Published 27 Jun, 2014 12:00am
Punjab puts up 120,000 cusecs of water indent with Irsa

Punjab puts up 120,000 cusecs of water indent with Irsa

As the sowing and growing of Kharif crops is in full swing, Punjab has put up an indent of 1,20,000 cusecs of water from both Mangla and Indus Zone with Indus River System Authority, Punjab Irrigation Canal Regulator Engineer Husnain told Business Reco
Published 27 Jun, 2014 12:00am
$1 billion Sukuk issue: Dar hails ICD's bid for FA

$1 billion Sukuk issue: Dar hails ICD's bid for FA

Finance Minister Ishaq Dar Thursday appreciated the Islamic Corporation for the Development of the private sector (ICD) for its support to Pakistan's private sector and for providing financial services for the privatisation process of the country. The fin
Published 27 Jun, 2014 12:00am
$1 billion Sukuk issue: Dar hails ICD's bid for FA

$1 billion Sukuk issue: Dar hails ICD's bid for FA

Finance Minister Ishaq Dar Thursday appreciated the Islamic Corporation for the Development of the private sector (ICD) for its support to Pakistan's private sector and for providing financial services for the privatisation process of the country. The fin
Published 27 Jun, 2014 12:00am
Former servicemen dispatch relief goods to IDPs

Former servicemen dispatch relief goods to IDPs

The Pakistan ex-servicemen Association (PESA) on Thursday dispatched first consignment of relief goods for the people of North Waziristan displaced during operation Zarb-e-Azb. The supplies include edibles and lifesaving drugs, which would be handed over
Published 27 Jun, 2014 12:00am
Made in Pakistan Expo 2014 to fetch big export orders: PRGMEA chief

Made in Pakistan Expo 2014 to fetch big export orders: PRGMEA chief

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has received an overwhelming response so far from the Pakistani exhibitors and about 70 percent stalls have already been booked for the 2nd edition of the Made In Pakistan Ex
Published 27 Jun, 2014 12:00am
JI terms PPO Bill undeclared martial law

JI terms PPO Bill undeclared martial law

Ameer, Jamaat e Islami, Pakistan, Sirajul Haq, said the Protection of Pakistan (Amendment) Bill is tantamount to undeclared martial law and an attempt to smear the face of democracy. In a statement issued from Mansoora on Thursday, he said the PPO would u
Published 27 Jun, 2014 12:00am
'Agriculture inputs in India are cheaper than in Pakistan'

'Agriculture inputs in India are cheaper than in Pakistan'

Speakers at a seminar on 'Indo-Pak trade' observed that agricultural inputs in India are cheaper than in Pakistan and trade with it would ruin the Pakistani agricultural sector and growers. Seminar was arranged by the Kisan Board Pakistan (KBP) which was
Published 27 Jun, 2014 12:00am
Kharif crops: PPCBL advances Rs 1.12 billion agriculture loans

Kharif crops: PPCBL advances Rs 1.12 billion agriculture loans

The Punjab Provincial Co-operative Bank Ltd advanced Rs 1.12 billion agriculture loans for sowing, growing and harvesting Kharif crops till 25th June 2014. President/CEO PPCBL Muhammad Ayub said here on Thursday that these loans were issued through 6,364
Published 27 Jun, 2014 12:00am
PU Syndicate approves Rs 6.5 billion budget

PU Syndicate approves Rs 6.5 billion budget

Punjab University Syndicate meeting, presided over by Vice Chancellor Professor Dr Mujahid Kamran, on Thursday approved Rs 6.46 billion's budget for the year 2014-15. The university expects a total grant of Rs 1.978 billion from Higher Education Commissio
Published 27 Jun, 2014 12:00am
Cardiac Centre established at Shalamar Teaching Hospital

Cardiac Centre established at Shalamar Teaching Hospital

A state-of-the-art Cardiac Centre has been established at Shalamar Teaching Hospital which was inaugurated by Rasheeda Begum, wife of founding trustee Chaudhary Nazar Muhammad (Late). At this occasion her family, Chairman Board of Trustee Chaudhry Ahmad S
Published 27 Jun, 2014 12:00am
Qadri will return to Canada soon: Aitzaz

Qadri will return to Canada soon: Aitzaz

PPP Senator and former president Supreme Court Bar Association Chaudhry Aitzaz Ahsan doubted effectiveness of the judicial inquiry into the killings outside Minhajul Quran Secretariat in Model Town. While talking to media persons here on Thursday at the L
Published 27 Jun, 2014 12:00am
PACRA maintains ratings of Pak-Libya Holding Company

PACRA maintains ratings of Pak-Libya Holding Company

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term ratings of Pak-Libya Holding Company Pvt Ltd (PLHC) at "AA-" (Double A minus) and "A1+" (A one Plus), respectively. According to a press release, the rating of e
Published 27 Jun, 2014 12:00am
PACRA maintains ratings of Pak-Libya Holding Company

PACRA maintains ratings of Pak-Libya Holding Company

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term ratings of Pak-Libya Holding Company Pvt Ltd (PLHC) at "AA-" (Double A minus) and "A1+" (A one Plus), respectively. According to a press release, the rating of e
Published 27 Jun, 2014 12:00am
Violation of party discipline: PTI KP removes three office-bearers

Violation of party discipline: PTI KP removes three office-bearers

Pakistan Tehreek-e-Insaf (PTI) Khyber Pakhtunkhwa has removed its Vice President, Dr Nadeem Alam, Joint Secretary, Rehmanullan and Secretary Culture, Mohib Wali from their offices and suspended their basic party membership for violation of party disciplin
Published 27 Jun, 2014 12:00am
Stoppage of payments, pensions: Punjab Ombudsman seeks report today

Stoppage of payments, pensions: Punjab Ombudsman seeks report today

Accountant General Punjab and Finance Department has stopped payments of provincial and district governments, employees and vendors of Dera Ghazi Khan amounting to more than Rs 1 billion since June 9, 2014. Taking notice of this illegal stoppage of these
Published 27 Jun, 2014 12:00am
IDPs' sacrifices won't go in vain: KP Governor

IDPs' sacrifices won't go in vain: KP Governor

Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan, has said that the nation bears great regard and respect to displaced tribal families from NWA who had left their hearth and home for a national cause and ensuring security of the country and their sac
Published 27 Jun, 2014 12:00am
EU official visits APTMA Punjab office

EU official visits APTMA Punjab office

Head of the GSP unit in DG Trade Brussels Nikolaos Zaimis visited APTMA Punjab on Thursday and discussed the business and investment climate as well as trade prospects for Pakistan under the GSP plus. Acting Chairman APTMA Punjab Syed Ali Ahsan welcomed h
Published 27 Jun, 2014 12:00am
Model Town tragedy: Qadri convenes APC on June 29

Model Town tragedy: Qadri convenes APC on June 29

Pakistan Awami Tehreek (PAT) leader, Dr Tahir-ul-Qadri, has dispelled the speculations that he is going to make a grand political alliance of opposition parties saying "toppling the government is not his agenda". He was talking to newsmen after having a m
Published 27 Jun, 2014 12:00am
CM Punjab gives approval to Rs 5 billion Ramazan Package

CM Punjab gives approval to Rs 5 billion Ramazan Package

Punjab Chief Minister Muhammad Shahbaz Sharif has given final approval to the Ramazan Package of five billion rupees for the provision of flour and other essential items to the masses at concessionary rate during the holy month of Ramzan. He was presiding
Published 27 Jun, 2014 12:00am
Security beefed up at Islamabad airport

Security beefed up at Islamabad airport

The law enforcement agencies have further beefed up security in and around Benazir International Airport after a passenger flight of Pakistan International Airlines (PIA) came under attack at Bacha Khan International Airport Peshawar on Tuesday night, kil
Published 27 Jun, 2014 12:00am
Leakages from the tax system

Leakages from the tax system

Under-invoicing of imports from the United Arab Emirates (UAE) is costing the exchequer around 150 billion rupees per annum, according to research carried out by Pakistan Business Council - accounting for 25 percent (around 600 billion rupees) of total an
Published 27 Jun, 2014 12:00am
ICE sugar surges

ICE sugar surges

ICE raw sugar futures were mostly higher on Thursday, following mixed harvest data from top grower Brazil, where dry weather aided the cane crush but risked future yields, while the spot contract's discount widened to a four-month low ahead of expiry. Ara
Published 27 Jun, 2014 12:00am
NA-122: LHC extends stay

NA-122: LHC extends stay

The Lahore High Court here on Thursday extended its stay till July 07 against proceedings by an election tribunal in response to an appeal of PTI chairman Imran Khan for vote recount in NA-122, Lahore. The petitioner, Speaker National Assembly Sardar Ayaz
Published 27 Jun, 2014 12:00am
Minister complains of meeting with Prime Minister being delayed

Minister complains of meeting with Prime Minister being delayed

Minister for Defence Production Rana Tanveer Hussain expressed his inability on Thursday to proceed with numerous vital projects of his ministry as a meeting with the prime minister has become an uphill task due to his tight schedule. He disclosed this wh
Published 27 Jun, 2014 12:00am
Domki visits Habibullah Coastal Power Company plant

Domki visits Habibullah Coastal Power Company plant

Minister for Labour, Manpower and Social Welfare, Sardar Sarfaraz Domki, paid a visit to Habibullah Coastal Power Company's power plant during last week. He met the Senior Management of the Company and the plant operations team. He appreciated the perform
Published 27 Jun, 2014 12:00am
PII to translate insurance books into Urdu

PII to translate insurance books into Urdu

Pakistan Insurance Institute (PII) has initiated a project to translate basic insurance books into Urdu so as to help increase penetration rate of Insurance in the country. The insurance penetration rate has remained at 0.9 per cent in the last couple of
Published 27 Jun, 2014 12:00am
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