AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)
Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-01
Kosovo club offers banned Suarez a job

Kosovo club offers banned Suarez a job

A club in Kosovo on Monday offered Luis Suarez 1,500 a month to boost their forward line while he serves his ban for biting. Kosovo is not covered by Suarez's world-wide suspension as it is not an official member of UEFA or FIFA so Suarez could theoretica
Published 01 Jul, 2014 12:00am
Uruguay president insults FIFA over Suarez

Uruguay president insults FIFA over Suarez

Uruguay's incensed President Jose Mujica has lambasted FIFA bosses as "sons of bitches" who meted out "fascist" treatment to striker Luis Suarez for biting an Italian defender at the World Cup. Mujica has led national outrage at the world governing body's
Published 01 Jul, 2014 12:00am
Zahlavova Strycova leads Czech treble at Wimbledon

Zahlavova Strycova leads Czech treble at Wimbledon

Barbora Zahlavova Strycova claimed another famous scalp at Wimbledon as the unseeded Czech moved into the quarter-finals with a 6-2, 7-5 victory against former world number one Caroline Wozniacki on Monday. Zahlavova Strycova, the world number 43, had enj
Published 01 Jul, 2014 12:00am
Hundreds queue to see giant flower

Hundreds queue to see giant flower

Hundreds of curious visitors braved long queues in the French city of Nantes on Monday to catch a rare glimpse of an enormous flower that appears only once a decade. More than 2,000 people rushed to see the Amorphophallus titanum, also known as the titan
Published 01 Jul, 2014 12:00am
Rare Roman coin found in Russia

Rare Roman coin found in Russia

A rare Roman coin dating back to the fourth century AD has been unearthed in north-western Russia, archaeologists said on Monday. The copper coin was found on Friday evening at an excavation site in the Russian city of Veliky Novgorod located some 550 kil
Published 01 Jul, 2014 12:00am
Peru finally implements abortion law after 90 years

Peru finally implements abortion law after 90 years

Peru finally put into effect a 90-year-old law allowing abortions in certain cases, after the government issued a new decree on how to apply the law. The new guidance covers abortions at up to 22 weeks of pregnancy and only when a mother's health or life
Published 01 Jul, 2014 12:00am
Two Egypt officers killed defusing bombs near presidential palace

Two Egypt officers killed defusing bombs near presidential palace

Two Egyptian police officers were killed defusing bombs near the presidential palace in Cairo Monday, almost a year to the day after a military take-over unleashed a wave of repression and militant attacks. An Islamist militant group, one of several that
Published 01 Jul, 2014 12:00am
Kurdish candidate joins Turkey presidential race

Kurdish candidate joins Turkey presidential race

Turkey's main pro-Kurdish party on Monday announced it was fielding Selahattin Demirtas, the party's co-chair, as its candidate for the presidential election in August to challenge Prime Minister Recep Tayyip Erdogan. The August 10 vote is shaping up as a
Published 01 Jul, 2014 12:00am
British Prime Minister ready to 'do business' with Juncker

British Prime Minister ready to 'do business' with Juncker

Britain's David Cameron faces parliament on Monday over his failure to stop Jean-Claude Juncker becoming the next president of the European Commission, insisting he could "do business" with him to win concessions from the EU. The prime minister was set to
Published 01 Jul, 2014 12:00am
Rwanda genocide court upholds 30-year sentence for former army chief

Rwanda genocide court upholds 30-year sentence for former army chief

The UN court for Rwanda upheld a 30-year jail term for former army chief Augustin Bizimungu on Monday for his role in the 1994 genocide during which he called for the murder of minority Tutsis. The International Criminal Tribunal for Rwanda (ICTR) "unanim
Published 01 Jul, 2014 12:00am
Iraq jihadists 'selling oil to Assad': France

Iraq jihadists 'selling oil to Assad': France

French Foreign Minister Laurent Fabius said Monday that jihadists spearheading a militant offensive in Iraq have sold oil from captured areas to the regime of Syrian President Bashar al-Assad. Fabius said the sale was evidence of the "confusing" nature of
Published 01 Jul, 2014 12:00am
China to try top military officer in strike against corruption

China to try top military officer in strike against corruption

China will court-martial one of its most senior former military officers on charges of corruption, state media said on Monday, the highest-ranking official to date felled in President Xi Jinping's battle against deep-rooted and pervasive graft. Xu Caihou
Published 01 Jul, 2014 12:00am
China slams 'illegal' Hong Kong democracy poll

China slams 'illegal' Hong Kong democracy poll

China on Monday condemned an unofficial Hong Kong referendum on democratic reform in which almost 800,000 people voted, calling it "illegal and invalid" on the eve of huge pro-democracy protests in the city. Beijing said the vote went against Hong Kong's
Published 01 Jul, 2014 12:00am
France hopeful for India defence deals as West courts Modi

France hopeful for India defence deals as West courts Modi

French Foreign Minister Laurent Fabius said Monday he expected progress on a $12 billion deal to sell fighter jets to India, setting his hopes on changes promised by the newly installed government. Fabius, the first Western minister to hold talks with Pri
Published 01 Jul, 2014 12:00am
China to re-open Somalia embassy: Beijing

China to re-open Somalia embassy: Beijing

China will re-open its embassy in strife-torn Somalia after a 23-year absence, it said Monday, as Beijing extends its diplomatic and resources push into Africa. Beijing and Mogadishu established diplomatic ties in 1960, but China withdrew its diplomatic p
Published 01 Jul, 2014 12:00am
South Korean president apologises for army shooting

South Korean president apologises for army shooting

South Korean President Park Geun-Hye apologised Monday for a deadly front-line shooting rampage by an army conscript and called for a close look at abuses in barracks. A 22-year-old sergeant surnamed Lim opened fire on members of his own unit at a guard p
Published 01 Jul, 2014 12:00am
Brent falls toward $112 as Iraq supply concerns ease

Brent falls toward $112 as Iraq supply concerns ease

Brent crude fell more than $1 on Monday, nearing $112 a barrel while US crude slipped below $105 as investors grew less worried about potential supply disruptions from Iraq. Heavy fighting in the north of Iraq has had little impact on the southern refiner
Published 01 Jul, 2014 12:00am
Three killed in Gujranwala

Three killed in Gujranwala

Three persons were gunned down by accused of a murder case in Qila Mian Singh area here on Monday. According to police sources, three persons identified as Saleem, Ghulam Muhammad and Salman Butt were killed on the spot when a proclaimed offender of murde
Published 01 Jul, 2014 12:00am
Give us responsibility of one lakh IDPs: Malik Riaz

Give us responsibility of one lakh IDPs: Malik Riaz

Bahria Town chairman Malik Riaz on Sunday urged the government to give Bahria Town administration the responsibility of one lakh Internally Displaced Persons (IDPs), vowing to arrange proper care. He said the government is doing its part but people have t
Published 01 Jul, 2014 12:00am
Nation stands united for provision of assistance to IDPs: Khattak

Nation stands united for provision of assistance to IDPs: Khattak

KP Chief Minister Pervez Khattak has said that the successful All Parties Conference (APC) for IDPs has proved that all political, religious parties, social workers and business community are united for the assistance of the affectees of North Waziristan
Published 01 Jul, 2014 12:00am
AKF distributes Ramazan food package among IDPs

AKF distributes Ramazan food package among IDPs

Al-Khidmat Foundation (AKF) distributed Ramazan Food Package worth millions of rupees in 500 migrated families from North Waziristan, which are now living in Bannu city and its surrounding localities. The package besides flour, ghee, rice, pulses, black t
Published 01 Jul, 2014 12:00am
Malala becomes youngest recipient of Liberty Medal

Malala becomes youngest recipient of Liberty Medal

Malala Yousufzai, who survived being shot by the Taliban because she advocated education for girls, has won the Liberty Medal from the National Constitution Center in Philadelphia. "It's an honour to be awarded the Liberty Medal," Yousufzai, now 17, said
Published 01 Jul, 2014 12:00am
Double murder suspect escapes

Double murder suspect escapes

A double murder suspect made escape police custody with the help of lawyers after rejection of his bail petition by Lahore High Court here on Monday. Tandlianwala police registered a case against Zaman Shah on double murder charges and the suspect moved t
Published 01 Jul, 2014 12:00am
IDPs protest against poor ration distribution

IDPs protest against poor ration distribution

Internally Displaced People (IDPs) of NWA operation staged a protest against poor arrangements of ration distribution here on Monday. The protesters blocked the Kohat Road and chanted slogans against the administration. They also pelted stones which hurt
Published 01 Jul, 2014 12:00am
Training programme: Hashoo Foundation holds award ceremony

Training programme: Hashoo Foundation holds award ceremony

Hashoo Foundation conducted a prestigious award ceremony to honour the graduating trainees of its "Skills Training and Income Generation Project for Urban Afghan Refugees." The graduates received their approved certification from the Skill Development Cou
Published 01 Jul, 2014 12:00am
'Over 32 percent of work on MBP completed'

'Over 32 percent of work on MBP completed'

The authorities have so far completed over 32 per cent work of Rs 44.31 billion Metro Bus Project (MBP), which will benefit 1.5 to 2 million low income people with Rs 20 fare. An official said that the authorities had divided the project into eight packag
Published 01 Jul, 2014 12:00am
DRR, Climate Services: UN-WMO appoints Dr Qamar special envoy for Asia

DRR, Climate Services: UN-WMO appoints Dr Qamar special envoy for Asia

UN-World Meteorological Orgnisation's (WMO) Secretary General has appointed Dr Qamar-uz-Zaman Chaudhry his Special Envoy on Disaster Risk Reduction and Climate Services for Asia. He has represented WMO in the sixth Asian Ministerial Conference on DRR held
Published 01 Jul, 2014 12:00am
Microsoft, HEC organise Academic Day

Microsoft, HEC organise Academic Day

Microsoft Pakistan and the Higher Education Commission (HEC) of Pakistan organised an Academic Day to reinforce an ongoing education alliance agreement to offer Microsoft software, technical skills, certified training and infrastructure development to ins
Published 01 Jul, 2014 12:00am
Export of LGW rice to Kenya may decline

Export of LGW rice to Kenya may decline

Kenya has imposed a duty of 200 dollar per ton on Pakistan's long grain white (LGW). The duty on the rice is to be implemented from July 1. Chances of losing a major buyer of non-basmati rice have increased as the Kenya has doubled the duty on import of P
Published 01 Jul, 2014 12:00am
PHDEC, TDAP need 'a shot in the arm'

PHDEC, TDAP need 'a shot in the arm'

Pakistan Horticulture Development & Export Company (PHDEC) and Trade Development Authority of Pakistan (TDAP), both need 'a shot in the arm,' as once again they failed to tap the 1.7 billion Muslims globally for the export of dates in Ramazan.
Published 01 Jul, 2014 12:00am
PHP personnel rewarded

PHP personnel rewarded

Additional IG Punjab Highway Patrol Sohail Khan rewarded PHP personnel for arresting 8 dacoits after encounter. In detail, a reward-distributing ceremony held in pent house office, CPO Lahore, Additional IG Sohail Khan bestowed the personnel ASI Tariq Sle
Published 01 Jul, 2014 12:00am
SHC seeks top officials' reply in rape case

SHC seeks top officials' reply in rape case

The Sindh High Court (SHC) on Monday issued notices to home secretary, provincial health secretary, IG Sindh, SSP Thatta and other officials to submit their respective replies on a petition seeking medical examination of alleged rape victim by a medical b
Published 01 Jul, 2014 12:00am
PACRA maintains NIB Bank ratings

PACRA maintains NIB Bank ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of NIB Bank Limited (NIB) at "AA-" (Double A Minus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit risk. The
Published 01 Jul, 2014 12:00am
PACRA maintains NIB Bank ratings

PACRA maintains NIB Bank ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of NIB Bank Limited (NIB) at "AA-" (Double A Minus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit risk. The
Published 01 Jul, 2014 12:00am
SBP announces Primary Dealers for Fiscal Year 2015

SBP announces Primary Dealers for Fiscal Year 2015

State Bank of Pakistan (SBP) has announced to appoint Primary Dealers for Financial Year 2014-15 (FY15). SBP had invited applications for selection of Primary Dealers for FY15 on May 16, 2014 from all banks, investment banks, development financial institu
Published 01 Jul, 2014 12:00am
SSUET passes Rs 2.1 billion surplus budget

SSUET passes Rs 2.1 billion surplus budget

The Board of Governors of Sir Syed University of Engineering and Technology passed the Rs 2.10 billion surplus budget for the fiscal year 2014-15. The budget shows the income at Rs 980.91 million and expenditure at Rs 978.81 million. While an allocation o
Published 01 Jul, 2014 12:00am
NIT announces interim results

NIT announces interim results

National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all funds under its management for the year ending June 30, 2014. The announcements were made through a press release issued b
Published 01 Jul, 2014 12:00am
NIT announces interim results

NIT announces interim results

National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all funds under its management for the year ending June 30, 2014. The announcements were made through a press release issued b
Published 01 Jul, 2014 12:00am
Annual ban from today to bring fish, shrimp hunting to a halt

Annual ban from today to bring fish, shrimp hunting to a halt

The annual fishing ban brings fish and shrimp hunting to a halt on Tuesday (today), as fishermen returned to moor their vessels amid gusty winds and high tides at rough Arabian Sea. This time, the advent of holy month of Ramadan and the annual fishing ban
Published 01 Jul, 2014 12:00am
Pakistani artist's painting expo begins in Dubai

Pakistani artist's painting expo begins in Dubai

The month-long painting exhibition of a prominent Pakistani artist Khusro Subzwari has started in Dubai in connection with the holy month of Ramazan. The "Flight to Enlightenment" exhibition is a collection of artworks dwelling on the philosophy of Maulan
Published 01 Jul, 2014 12:00am
CNG stations in Sindh: three-day closure this week

CNG stations in Sindh: three-day closure this week

Due to low supply of gas from different gas fields, the supply of gas has reduced, therefore, during the current week all CNG stations in Sindh region would remain closed for three days. According to revised schedule, all CNG stations in Sindh on Tuesday
Published 01 Jul, 2014 12:00am
Power plants: validity period of financing scheme extended

Power plants: validity period of financing scheme extended

The State Bank of Pakistan (SBP) has extended the validity period of financing 'power plants using renewable energy' scheme for two years. "It advised banks and DFIs that validity period of the scheme for financing power plants using renewable energy has
Published 01 Jul, 2014 12:00am
Power plants: validity period of financing scheme extended

Power plants: validity period of financing scheme extended

The State Bank of Pakistan (SBP) has extended the validity period of financing 'power plants using renewable energy' scheme for two years. "It advised banks and DFIs that validity period of the scheme for financing power plants using renewable energy has
Published 01 Jul, 2014 12:00am
Sasta bazaars to be set up on various locations: CDG Peshawar

Sasta bazaars to be set up on various locations: CDG Peshawar

With soaring prices of essential commodities, the City District Government (CDG) has decided to set up Sasta Bazaars, at various locations in Peshawar, to provide subsidised edible items during the holy month of Ramazan. The decision was taken at a meetin
Published 01 Jul, 2014 12:00am
Mobilink expands free 3G services to 10 major cities

Mobilink expands free 3G services to 10 major cities

Mobilink expands its free 3G services to 10 major cities across Pakistan as a means to thank its customers for the trust that they have placed in Mobilink for the past two decades. Mobilink acquired the 10 MHz 3G license and launched 3G services in eight
Published 01 Jul, 2014 12:00am
National Assembly body suggests structural change in PNCA working

National Assembly body suggests structural change in PNCA working

The National Assembly Standing Committee on Information, Broadcasting & National Heritage on Monday proposed that a structural change in the working of Pakistan National Council of Arts (PNCA) is required to make it more efficient and effective. The commi
Published 01 Jul, 2014 12:00am
Khyber Pakhtunkhwa police also excel in field of sports: IGP

Khyber Pakhtunkhwa police also excel in field of sports: IGP

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has said that Khyber Pakhtunkhwa police beside in the war against terror has also excelled in the field of sports. This he said while addressing an award distribution ceremony hel
Published 01 Jul, 2014 12:00am
Two cops among four killed in Karachi

Two cops among four killed in Karachi

At least four persons, including two cops were killed in separate incidents of violence, here on Monday. According to police and rescue sources, two traffic policemen were shot and killed by unidentified motorcyclists in Orangi Town No-1 in the jurisdicti
Published 01 Jul, 2014 12:00am
Timeline finalised for HEC assets' sell-off

Timeline finalised for HEC assets' sell-off

The government has finalised timeline for privatisation of Heavy Electrical Mechanical (HEC) assets in August and the process can be accelerated with the appointments of board of directors of other entities, informed sources revealed to this correspondent
Published 01 Jul, 2014 12:00am
Prime Minister sanctions Rs 5.7 billion for airports' security

Prime Minister sanctions Rs 5.7 billion for airports' security

Prime Minister Nawaz Sharif has approved Rs 5.7 billion for upgradation/modernisation of airport security system at six international airports of the country after recent attacks at Karachi and Peshawar airports, the Senate Standing Committee on Cabinet w
Published 01 Jul, 2014 12:00am
MQM discusses arrangements for 'July 26 Solidarity Rally'

MQM discusses arrangements for 'July 26 Solidarity Rally'

A meeting of Muttahida Qaumi Movement's London Rabita Committee discussed arrangements for "Solidarity Rally" to be held in Karachi on July 26. A statement of MQM issued here on Monday said the meeting was chaired by Senior Deputy Convenor Nadeem Nusrat a
Published 01 Jul, 2014 12:00am
Police arrest 61 'criminals' in raids, encounters

Police arrest 61 'criminals' in raids, encounters

City police on Monday claimed to have arrested around 61 alleged criminals in different targeted raids and encounters conducted in different areas of the metropolis during last 24 hours. Police said that the 66 raids and five encounters were carried out a
Published 01 Jul, 2014 12:00am
ECP decides to extend Election Tribunals' tenure

ECP decides to extend Election Tribunals' tenure

The Election Commission of Pakistan (ECP) has decided to extend Election Tribunals' tenure by four to six months. A notification in this regard will be issued soon. The ECP had constituted 14 tribunals on June 3, 2013 after it was flooded with 435 complai
Published 01 Jul, 2014 12:00am
Qaim's plea disposed of by Supreme Court

Qaim's plea disposed of by Supreme Court

The Supreme Court on Monday disposed of an election plea filed by incumbent Chief Minister Sindh Syed Qaim Ali Shah. Syed Ghous Ali Shah had challenged before the Election Tribunal Syed Qaim Ali Shah's victory from PS-29 claiming rigging in the constituen
Published 01 Jul, 2014 12:00am
Pakistani pilgrims Turkey donates meningitis vaccines

Pakistani pilgrims Turkey donates meningitis vaccines

Turkey donates 150 thousand doses of meningitis vaccine worth 6.6 million dollars for the intending Pakistani Hajj pilgrims this year. First Secretary of Turkish Embassy handed over the vaccine to Joint Secretary Ministry of Religious Affairs Shahzad Ahme
Published 01 Jul, 2014 12:00am
DC, RPO, DCO visit Ramazan bazaars

DC, RPO, DCO visit Ramazan bazaars

Divisional Commissioner Sardar Akram Javed, RPO Muhammad Nawaz Warraich and DCO Noor ul Amin Mengal visited ramzan bazaars and checked the arrangements or the facilities of the consumer. They went to ramzan bazaar at Riaz Shahid Chowk Islam Nagar, Faizan-
Published 01 Jul, 2014 12:00am
'Government to deal profiteers with an iron hand'

'Government to deal profiteers with an iron hand'

Punjab Minister for Excise & Taxation, Finance Mujtaba Shuja-ur-Rehman has said that government will deal with iron hands with the elements involved in profiteering and hoarding so that daily food items can be provided comparatively at fewer prices to the
Published 01 Jul, 2014 12:00am
'Future of textile workers at stake due to loadshedding'

'Future of textile workers at stake due to loadshedding'

Acting Chairman APTMA Punjab Syed Ali Ahsan has said that the future of 15 million textile workers is at stake due to unprecedented electricity and gas load shedding for textile mills in Punjab. He said all the Discos are observing 10 hours a day electric
Published 01 Jul, 2014 12:00am
ADP 2014-15: KP government to launch 17 new hydel power projects

ADP 2014-15: KP government to launch 17 new hydel power projects

Khyber Pakhtunkhwa government has planned to launch 17 new hydel power generation projects in the next fiscal year 2014-15 to overcome with power shortage immediately. After completing these projects, KP province will generate 694 mega watts additional el
Published 01 Jul, 2014 12:00am
UAFS okays Rs 3.901 billion budget for Fiscal Year 2014-15

UAFS okays Rs 3.901 billion budget for Fiscal Year 2014-15

The University of Agriculture Faisalabad Syndicate (UAFS) okayed Rs 3.901 billion budget for the financial year of 2014-15. The session was chaired by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan. Justice Yawar, Higher Education Commission Executive
Published 01 Jul, 2014 12:00am
Teachers' assault on girl: LHC seeks report in a week

Teachers' assault on girl: LHC seeks report in a week

The Lahore High Court (LHC) here on Monday taking notice of criminally assaulted a seventh class student by two teachers of a private school directed the District and Sessions Judge, Faisalabad to look into the matter and submit detailed report within a w
Published 01 Jul, 2014 12:00am
World War I: the real underlying cause

World War I: the real underlying cause

According to AFP, a picture acquired from the historical archives of Sarajevo shows Archduke Franz Ferdinand exiting a train upon his arrival in Ilidza, western suburbs of Sarajevo, on June 27, 1914, the day before his assassination. The assassination of
Published 01 Jul, 2014 12:00am
Sberbank says Hungary 'very difficult market' in CEE

Sberbank says Hungary 'very difficult market' in CEE

Russia's Sberbank considers Hungary a "very difficult market" due to government policies, including tougher-than-expected new measures on foreign currency loans, a senior executive said. Russia's largest lender operates in nine countries in Central Europe
Published 01 Jul, 2014 12:00am
Poverty, violence drive Central American exodus to US

Poverty, violence drive Central American exodus to US

Pregnant and with a young child in her arms, 17-year-old Andy Lizette Navarro says she has lost hope for the future in her semi-deserted mountain hamlet deep in rural Honduras, and dreams of America. There are precious few options in El Guantillo, which l
Published 01 Jul, 2014 12:00am
Desperation, isn't it?

Desperation, isn't it?

The National Assembly (having PML-N majority) has passed the Finance Bill 2014 legalizing several taxation measures that ignore their moral and operational flaws. As the stakeholders visualise the impact of implementing these measures, a feeling that this
Published 01 Jul, 2014 12:00am
Desperate politics

Desperate politics

Political parties PML-N, PPP, PTI and MQM are in power solely or in coalition at the centre or provinces or both, but they behave as if they are in the opposition. They decry all that obtains today in Pakistan in terms of poor governance, stagnating econo
Published 01 Jul, 2014 12:00am
IMF tranche

IMF tranche

The Executive Board of the IMF on 27th June, 2014 completed the third review of Pakistan's economic performance, enabling the country to receive disbursement of an amount equivalent to SDR 360 million (about US $555.9 million). However, in order to comple
Published 01 Jul, 2014 12:00am
River Kabul in medium, Indus in low flood

River Kabul in medium, Indus in low flood

The River Kabul was in medium flood at Nowshera with the discharge of 87,500 cusecs of water and the mighty Indus was in low flood at Kalabagh and Chashma with the flow of 236,900 cusecs and 254,400 cusecs respectively, Flood Warning Centre said here on M
Published 01 Jul, 2014 12:00am
Massive illegal promotions detected in LUH

Massive illegal promotions detected in LUH

Massive illegal promotions in Liaquat University Hospital(LUH), Hyderabad were detected which were allegedly made on the directives of Medical Superintendent obstructing better service delivery to public in hospital based on Hyderabad and Jamshoro units.
Published 01 Jul, 2014 12:00am
Torture case: chief minister Punjab seeks report from DPO

Torture case: chief minister Punjab seeks report from DPO

Punjab Chief Minister Muhammad Shahbaz Sharif takes notice of the news regarding torture of father and aunt of a girl for pursuing the case of her kidnapping in Muzaffargarh and seeks a report from DPO Muzaffargrh. The Chief Minister directed that the cri
Published 01 Jul, 2014 12:00am
Petition seeking registration of FIR against CM, others dismissed

Petition seeking registration of FIR against CM, others dismissed

A sessions court here on Monday dismissed a petition seeking registration of a murder case against Punjab Chief Minister, former law minister Rana Sanaullah Khan, IGP Mushtaq Sukhera and others over the Lahore killings. Muhammad Nauman filed a petition an
Published 01 Jul, 2014 12:00am
IDPs assistance Hamza for launching vigorous campaign

IDPs assistance Hamza for launching vigorous campaign

Central leader of Pakistan Muslim League-N Hamza Shahbaz Sharif MNA said a vigorous campaign will be launched for the help and assistance of IDPs. While addressing Chief Minister's Committee for the relief of IDPs at Model Town office on Monday, Hamza sai
Published 01 Jul, 2014 12:00am
KSE ranked best performing market in first half 2014

KSE ranked best performing market in first half 2014

During 1H2014, Pakistan stock market beat all other markets of the world, as it was ranked No 1, according to a report released by Vahaj Ahmed of Topline Securities, here on Monday. According to Bloomberg, new political set-up, improving economic indicato
Published 01 Jul, 2014 12:00am
Berger Paints Pakistan Limited

Berger Paints Pakistan Limited

Berger Paints Pakistan Limited (KSE: BERG) one of the largest paints manufacturers in the world, started its commercial operations in Pakistan in 1950. First, the company was an import based business, offering premium products through import from the Unit
Published 01 Jul, 2014 12:00am
Berger Paints Pakistan Limited

Berger Paints Pakistan Limited

Berger Paints Pakistan Limited (KSE: BERG) one of the largest paints manufacturers in the world, started its commercial operations in Pakistan in 1950. First, the company was an import based business, offering premium products through import from the Unit
Published 01 Jul, 2014 12:00am
District, taluka councils fail to collect local taxes

District, taluka councils fail to collect local taxes

Despite the provision in People's Local Government Ordinance (PLGO) 2012, district and taluka councils failed to collect various local taxes, which result in some Rs 1 billion revenue losses to Sindh government.
Published 01 Jul, 2014 12:00am
Ogra's proposal to increase POL prices rejected

Ogra's proposal to increase POL prices rejected

The government on Monday rejected Oil and Gas Regulatory Authority's (Ogra) proposal to increase petroleum products prices for the month of July and decided to maintain the rates by providing a subsidy of Rs 510 million. Prime Minister Nawaz Sharif had di
Published 01 Jul, 2014 12:00am
SHC directs LEAs to submit report about missing man

SHC directs LEAs to submit report about missing man

The Sindh High Court (SHC) on Monday ordered Director General Rangers to take all possible measures to trace out a citizen allegedly picked up by Rangers personnel and submit a report. This direction came on a petition filed by Syeda Ahbab Fatima, who app
Published 01 Jul, 2014 12:00am
The faithful throng fruit, food outlets

The faithful throng fruit, food outlets

Citizens on Monday thronged fruit and other food markets whereas the traders selling Iftari items did a roaring business on the first day of Ramazan. Traditional Iftar items such as `Samosa',`Pakora', `Dahi Phulki',`Choley', `Katchori', were in high dem
Published 01 Jul, 2014 12:00am
Sindh chief minister presents Rs 50 million cheque to CoAS

Sindh chief minister presents Rs 50 million cheque to CoAS

Chief Minister Sindh Syed Qaim Ali Shah called on General Raheel Sharif, Chief of Army Staff, at GHQ on Monday. He presented him a cheque of Rs 50 million on behalf of Government of Sindh for the IDPs of North Waziristan Agency. The Chief Minister Sindh e
Published 01 Jul, 2014 12:00am
Ground offensive against militants launched

Ground offensive against militants launched

The military on Monday launched a ground offensive against militants in North Waziristan after evacuation of civilian population, with ongoing Zarb-e-Azb entering its critical stage. According to a statement issued by ISPR, a ground operation commenced in
Published 01 Jul, 2014 12:00am
Speakers demand legislation to protect rights of disable persons

Speakers demand legislation to protect rights of disable persons

The government must introduce comprehensive legislation and policies in line with universally recognised disability standards to protect rights of persons with disabilities. This was articulated by the renowned promoters of the disability rights from the
Published 01 Jul, 2014 12:00am
Arms license case: SHC issues notice to officials

Arms license case: SHC issues notice to officials

The Sindh High Court (SHC) on Monday issued notice to the Secretary Interior Ministry, Director General National Database and Registration Authority and the federal law officer on a petition pertaining to introduction of new computerised arms license. A d
Published 01 Jul, 2014 12:00am
New GIDC rates for various sectors

New GIDC rates for various sectors

The government has finalised new rates of Gas Infrastructure Development Cess (GIDC) for different sectors of the economy to be applicable from Tuesday (today). Official sources told Business Recorder here on Monday that the government had decided
Published 01 Jul, 2014 12:00am
Previous Day