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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-07
Reassuring news on cancer risk from IVF drugs: study

Reassuring news on cancer risk from IVF drugs: study

A long-term study of women who used ovary-stimulating hormones for fertility treatment found no widespread evidence of a higher cancer risk, researchers said. The results appear to contradict a number of studies in recent years that suggested such treatme
Published 07 Jul, 2014 12:00am
Cancer ancient disease and probably ineradicable

Cancer ancient disease and probably ineradicable

Cancer is an extremely ancient disease and likely to exist as long as life does, according to an international team of researchers. Led by Thomas Bosch, an evolutionary biologist at Kiel University, the team discovered "naturally occurring" tumours in two
Published 07 Jul, 2014 12:00am
88 percent of ocean surfaces sullied by plastic

88 percent of ocean surfaces sullied by plastic

As much as 88 percent of the open ocean's surface contains plastic debris, raising concern about the effect on marine life and the food chain, scientists said. Mass-produced plastics from toys, bags, food containers and utensils make their way into the oc
Published 07 Jul, 2014 12:00am
Two 'Earth-like' planets don't exist

Two 'Earth-like' planets don't exist

US scientists said on July 03 two distant Earth-like planets, which some believed might be able to harbour life, do not actually exist and that astronomers were confused by a star's sunspots. The controversial pair of planets, Gliese d and g, some 22 ligh
Published 07 Jul, 2014 12:00am
Microsoft, Canon ink patent cross-licensing deal

Microsoft, Canon ink patent cross-licensing deal

US software giant Microsoft and Japanese imaging company Canon have signed a broad patent cross-licensing agreement, the Redmond, Washington, company said Wednesday. The agreement provides the companies with access to a wide variety to licenses for each o
Published 07 Jul, 2014 12:00am
Microsoft ramps up protection for Outlook email

Microsoft ramps up protection for Outlook email

Microsoft on July 1 said it is scrambling Outlook email messages in transit to thwart spying by governments or others. Toughened encryption at Outlook and Microsoft OneDrive online "cloud" data storage service came less than a month after the technology t
Published 07 Jul, 2014 12:00am
'Look ma, no hands': Swedish start-up launches touchless selfie app

'Look ma, no hands': Swedish start-up launches touchless selfie app

Selfie fans, your life just got a little easier. A Swedish tech start-up has launched an app for Apple devices that lets people take photos of themselves without having to touch their screens. Using touchless technology which it says is ideal for taking "
Published 07 Jul, 2014 12:00am
Google shutting down Orkut social network

Google shutting down Orkut social network

Google on June 30 said it is shutting down Orkut, its "first foray into social networking," to focus on YouTube, Blogger, and Google+ services that have proven more popular. The California technology titan will pull the plug on 10-year-old Orkut at the en
Published 07 Jul, 2014 12:00am
Facebook buys video ad firm LiveRail

Facebook buys video ad firm LiveRail

Facebook on Wednesday announced a deal to buy online video advertising technology company LiveRail. The companies did not disclose how much Facebook is paying for seven-year-old LiveRail. "What LiveRail ultimately offers is a complete advertising solution
Published 07 Jul, 2014 12:00am
Facebook never meant to upset you with user experiment

Facebook never meant to upset you with user experiment

Facebook's attempt to manipulate its users during a psychological study was "poorly communicated," the social media giant's chief operating officer said Wednesday, according to The Wall Street Journal. Facebook conducted a study during one week in 2012 to
Published 07 Jul, 2014 12:00am
Qualcomm turns to China's SMIC for Snapdragon chip production

Qualcomm turns to China's SMIC for Snapdragon chip production

Qualcomm, which makes mobile chips, said on Thursday that Chinese contract manufacturer SMIC would produce its Snapdragon processors. The agreement with SMIC suggests Qualcomm aims to shore up capacity for future demand but it could also improve Qualcomm'
Published 07 Jul, 2014 12:00am
Google, Detroit diverge on road map for self-driving cars

Google, Detroit diverge on road map for self-driving cars

In 2012, a small team of Google Inc engineers and business staffers met with several of the world's largest car makers, to discuss partnerships to build self-driving cars. In one meeting, both sides were enthusiastic about the futuristic technology, yet i
Published 07 Jul, 2014 12:00am
Keep your eye open for the right freeware for your PC

Keep your eye open for the right freeware for your PC

Whether a computer user is looking for an office suite, a photo editor, a system cleaner or a video player, remember this: good software doesn't have to be expensive. Indeed, if you play your cards right, it doesn't have to cost a thing. There's still ple
Published 07 Jul, 2014 12:00am
IBM's Watson app whips up Big Data in the kitchen

IBM's Watson app whips up Big Data in the kitchen

Putting a chef's hat on its Watson supercomputer, IBM and the magazine Bon Appetit unveiled a new initiative Monday that seeks to use Big Data for gastronomy. A new app unveiled in test version called "Chef Watson with Bon Appetit" aims at helping cooks "
Published 07 Jul, 2014 12:00am
Activate Airdrop on older Macs

Activate Airdrop on older Macs

The Airdrop function lets Apple computers wirelessly exchange data. But it only works readily on computers that run on the OS X 10.7 (Lion), or newer, operating system. Older systems do not automatically enjoy support. If you're still interested in the se
Published 07 Jul, 2014 12:00am
Nike's fitness armbands get Android app

Nike's fitness armbands get Android app

Until now Nike's fitness armbands were only compatible with iPhones. No more: the company has come out with an Android app for its FuelBand line. The fact that Nike uses Bluetooth Low Energy for networking might explain why the FuelBand, available since 2
Published 07 Jul, 2014 12:00am
Skype pulling older versions out of circulation

Skype pulling older versions out of circulation

Skype is retiring older versions of its video chat software, meaning support for past versions of its Windows and Mac software will soon disappear, reports the Microsoft subsidiary. Users are recommended to update to the most recent version of Skype with
Published 07 Jul, 2014 12:00am
Keep your smartphone free of dust, germs

Keep your smartphone free of dust, germs

It's in every smartphone user's interest to keep their gadget free of dirt and germs. To clean the most visible dirt from the display and housing, use a soft toothbrush, recommends German telecommunications portal Teltarif.de. It can also be used to clean
Published 07 Jul, 2014 12:00am
Cat Phone brings out another robust smartphone

Cat Phone brings out another robust smartphone

The newest Cat Phone smartphone, the B15Q, is as robust as the others in the rugged Cat range, coming in a water- and shock-proof housing that can survive drops of 1.8 metres and watery depths of up to 1 metre. Heavy-duty is a major trend in the phone mar
Published 07 Jul, 2014 12:00am
AirAsia announces Japan comeback with e-commerce giant

AirAsia announces Japan comeback with e-commerce giant

AirAsia's feisty chief executive on July 01, declared the low-cost airline back in Japan after its bitter split with ANA, but this time in an alliance with e-commerce giant Rakuten. "This is AirAsia Japan part two, and I am very excited. I hope there is n
Published 07 Jul, 2014 12:00am
Ineos buys BASF out of plastics joint venture for $1.5 billion

Ineos buys BASF out of plastics joint venture for $1.5 billion

Switzerland-based petrochemical firm Ineos said on June 30 it had bought out BASF, the world's biggest chemicals group, from their joint venture Styrolution, which produces the styrene used to make plastics, for about $1.5 billion.
Published 07 Jul, 2014 12:00am
Adidas lifts ban on sales via online market places

Adidas lifts ban on sales via online market places

German sportswear maker Adidas has decided to allow the sale of its products via market-place sites like Ebay and Amazon, an issue the German cartel office has been investigating. "We have decided to extend our e-commerce guidelines to also include open m
Published 07 Jul, 2014 12:00am
JetBlue sees new sleeper seats aiding profit

JetBlue sees new sleeper seats aiding profit

JetBlue Airways expects its new sleeper seats for US cross-country flights to add to profits even as some analysts question whether it will make a meaningful difference to the bottom line. Deviating from its all-coach format, JetBlue now offers fully recl
Published 07 Jul, 2014 12:00am
Japanese automakers boost investment in US by $5 billion in 2013

Japanese automakers boost investment in US by $5 billion in 2013

Japanese carmakers boosted investment in their US plants by more than $5 billion in 2013, the biggest increase on record, new figures from the Japan Automobile Manufacturers Association showed on June 30. Total manufacturing investment in US plants, vehic
Published 07 Jul, 2014 12:00am
Barclays sets up academy to improve training

Barclays sets up academy to improve training

Barclays, trying to restore its reputation after a series of scandals, has created a Compliance Career Academy in partnership with Cambridge University to improve staff training. Barclays was the first bank to be fined for the alleged rigging of benchmark
Published 07 Jul, 2014 12:00am
Citi buys Deutsche Bank's US power trading books

Citi buys Deutsche Bank's US power trading books

Citigroup Inc has bought Deutsche Bank AG's US power trading books, the latest move by the US bank to build its energy trading business as other Wall Street rivals retreat, two sources said on July 01. The sources said Deutsche sold two power trading book
Published 07 Jul, 2014 12:00am
Morgan Stanley eyes compensation cuts for financial advisers

Morgan Stanley eyes compensation cuts for financial advisers

Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.
Published 07 Jul, 2014 12:00am
Amla inspires SA to big win in first ODI

Amla inspires SA to big win in first ODI

Opener Hashim Amla smashed 109 and Ryan McLaren took two wickets in three balls as South Africa thrashed Sri Lanka by 75 runs in their first one-dayer on Sunday. Amla, 31, hit eight fours in his composed 130-ball knock and shared a 151-run third-wicket st
Published 07 Jul, 2014 12:00am
Djokovic ends Federer record dream in epic Wimbledon final

Djokovic ends Federer record dream in epic Wimbledon final

Novak Djokovic won his second Wimbledon title and seventh major with a 6-7 (7/9), 6-4, 7-6 (7/4), 5-7, 6-4 victory over Roger Federer Sunday, shattering the Swiss star's dream of a record eighth triumph in an epic struggle. Victory allowed the top seeded
Published 07 Jul, 2014 12:00am
Spot-on Krul saves Netherlands

Spot-on Krul saves Netherlands

Super-sub goalkeeper Tim Krul was the hero as the Netherlands ended their penalty shoot-out jinx to beat Costa Rica and set up a World Cup semi-final showdown with Argentina on Saturday. Dutch coach Louis van Gaal stunned onlookers at Salvador's Fonte Nov
Published 07 Jul, 2014 12:00am
Hamilton wins British GP as Rosberg pulls up

Hamilton wins British GP as Rosberg pulls up

Lewis Hamilton delighted a 120,000 crowd of enthusiastic home fans when he revived his world championship bid on Sunday with an emphatic victory in a dramatic incident-filled British Grand Prix. The 29-year-old Briton took full advantage of Mercedes team-
Published 07 Jul, 2014 12:00am
Average World Cup attendance is second highest ever

Average World Cup attendance is second highest ever

The average attendance at 2014 World Cup matches is now the second highest of all time with an average gate of 52,762 overtaking the 52,491 at the 2006 tournament in Germany, FIFA said on Sunday. The record average attendance was set in the United States
Published 07 Jul, 2014 12:00am
Nibali in yellow as 'gutted' Cavendish out of Tour

Nibali in yellow as 'gutted' Cavendish out of Tour

Italian champion Vincenzo Nibali took the leader's yellow jersey as Mark Cavendish was forced to abandon the Tour de France on Sunday with a dislocated collarbone. Astana team leader Nibali took the attention away from British sprint king Cavendish at the
Published 07 Jul, 2014 12:00am
Thousands welcome home Colombia

Thousands welcome home Colombia

Thousands of people mobbed the streets of Bogota to grab a glimpse of their heroes as Colombia's World Cup squad arrived home Sunday after their historric run to the quarter-finals. The Colombian capital threw a massive party for coach Jose Pekerman and h
Published 07 Jul, 2014 12:00am
Germans urge ref to check tough-tackling Brazil

Germans urge ref to check tough-tackling Brazil

German star Bastian Schweinsteiger said the referee must pay close attention to tough-tackling Brazil in Tuesday's World Cup semi-final to ensure fouls do not go unchecked. Brazil captain Thiago Silva is suspended for the semi-final against Germany in Bel
Published 07 Jul, 2014 12:00am
Brazil launch Silva bid as semis loom

Brazil launch Silva bid as semis loom

Brazil stoked controversy ahead of the World Cup semi-finals here Sunday by calling on FIFA to scrap the suspension which has ruled captain Thiago Silva out of the host nation's clash with Germany. The Brazilian Football Confederation (CBF) said it wanted
Published 07 Jul, 2014 12:00am
Wifi firm Gowex says results fake, heads to bankruptcy

Wifi firm Gowex says results fake, heads to bankruptcy

Spanish free wifi provider Let's Gowex revealed Sunday its accounts have been falsified for at least four years and said it is filing for bankruptcy protection. Gowex, which offers wifi services in world capitals including Paris and New York, made the dev
Published 07 Jul, 2014 12:00am
Yemen oil export income tumbles

Yemen oil export income tumbles

Yemen's income from oil exports tumbled by over 64 percent to $73.4 million in May from a year ago, due to attacks on an export pipeline, and the central bank's foreign asset reserves shrank to their lowest since end-2011, data showed on Sunday.
Published 07 Jul, 2014 12:00am
Dubai's finances stronger but still vulnerable: IMF

Dubai's finances stronger but still vulnerable: IMF

Dubai's ability to finance its debts has improved because of stronger economic growth and more conservative spending, but the emirate would still be vulnerable in a major dowturn of the global economy, the International Monetary Fund said.
Published 07 Jul, 2014 12:00am
Libya to restart oil exports from major eastern ports

Libya to restart oil exports from major eastern ports

Libya plans to resume exports from the major eastern Ras Lanuf and Es Sider oil ports after government forces took over the terminals following the end of an almost year-long blockage by a rebel group, officials said on Sunday. State-run National Oil Corp
Published 07 Jul, 2014 12:00am
Daimler expects sales to surpass Audi, BMW in China this year

Daimler expects sales to surpass Audi, BMW in China this year

German carmaker Daimler expects its Mercedes-Benz brand to overtake rivals Audi and BMW by number of cars sold in China this year as its new strategy for the world's biggest car market starts to bear fruit, a board member told a newspaper. "With the new S
Published 07 Jul, 2014 12:00am
Volkswagen receives Chinese approval for two more plants

Volkswagen receives Chinese approval for two more plants

German carmaker Volkswagen has received approval from China's National Development and Reform Commission (NDRC) to add two more factories in the country, two people close to the matter said on Sunday. The new plants are to be set up in the eastern Chinese
Published 07 Jul, 2014 12:00am
Swiss property, equity markets still at risk

Swiss property, equity markets still at risk

Switzerland's property and equity markets are still at risk of instability due to the low interest rate environment, a board member of the Swiss central bank said in a newspaper interview published on Sunday. Real estate prices, mortgage lending and equit
Published 07 Jul, 2014 12:00am
Swiss property, equity markets still at risk

Swiss property, equity markets still at risk

Switzerland's property and equity markets are still at risk of instability due to the low interest rate environment, a board member of the Swiss central bank said in a newspaper interview published on Sunday. Real estate prices, mortgage lending and equit
Published 07 Jul, 2014 12:00am
Labour row clouds French job-creation summit

Labour row clouds French job-creation summit

French President Francois Hollande on Monday kicks off a summit with business leaders aimed at creating half a million vitally-needed jobs in return for lower taxes, but a labour row threatens to mar the event. The two-day conference aims to tackle record
Published 07 Jul, 2014 12:00am
Chinese assets warm, not hot for Western investors

Chinese assets warm, not hot for Western investors

A flurry of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity. China has been working increasingly
Published 07 Jul, 2014 12:00am
Chinese assets warm, not hot for Western investors

Chinese assets warm, not hot for Western investors

A flurry of initiatives by China to open up its currency, stock and bond markets inside and outside the country has failed so far to allay international investor concerns about performance, accessibility and liquidity. China has been working increasingly
Published 07 Jul, 2014 12:00am
Italian minister delays goal of repaying commercial debts

Italian minister delays goal of repaying commercial debts

Italy will settle the debt arrears it owes to private sector suppliers by the end of this year, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday, pushing back previous commitments. The Italian state owes some 75 billion euros ($1
Published 07 Jul, 2014 12:00am
London buses stop accepting cash

London buses stop accepting cash

London buses will no longer accept cash payments for tickets with effect from Sunday, the British capital's transport authority said. Transport for London (TfL), which runs public transport in the city, said in a statement that dwindling numbers of passen
Published 07 Jul, 2014 12:00am
Polimex sells rail arm in $60 million IPO

Polimex sells rail arm in $60 million IPO

Troubled Polish construction group Polimex sold its railway-building unit Torpol in an initial public offering that valued the business at 184 million zlotys ($60.52 million). The company, which will start trading on the Warsaw stock exchange on July 8, s
Published 07 Jul, 2014 12:00am
Polimex sells rail arm in $60 million IPO

Polimex sells rail arm in $60 million IPO

Troubled Polish construction group Polimex sold its railway-building unit Torpol in an initial public offering that valued the business at 184 million zlotys ($60.52 million). The company, which will start trading on the Warsaw stock exchange on July 8, s
Published 07 Jul, 2014 12:00am
China currency regulator says to encourage forex derivatives

China currency regulator says to encourage forex derivatives

China will encourage banks to sell a greater variety of foreign exchange derivatives as part of a plan to steady the floundering export sector and help companies cope with currency risks. The State Administration of Foreign Exchange, China's currency regu
Published 07 Jul, 2014 12:00am
Bullish Asia FX bets up; rupiah positions at five-month high

Bullish Asia FX bets up; rupiah positions at five-month high

Investor sentiment on most emerging Asian currencies improved in the last two weeks with long positions in the Chinese yuan at their largest in nearly five months, a Reuters poll showed, with monetary policy in developed countries staying accommodative.
Published 07 Jul, 2014 12:00am
Poland's Emperia plans to list real-estate arm

Poland's Emperia plans to list real-estate arm

Polish retail group Emperia Holding plans to spin off and list its real-estate arm, with the decoupling expected to finish at the turn of 2014 and 2015, the firm's chief executive was quoted as saying on Saturday. "We are conducting the separation so that
Published 07 Jul, 2014 12:00am
Tokyo investors eye Japan data, Fed meet

Tokyo investors eye Japan data, Fed meet

Tokyo stocks have returned to their winning ways as the Nikkei 225 index finished at a more than five-month high Friday, with investors looking to minutes from the Fed's June meeting and Japanese data next week. Among key data slated for release in the co
Published 07 Jul, 2014 12:00am
Canadian dollar's 2014 rally seen coming to a quick end

Canadian dollar's 2014 rally seen coming to a quick end

The Canadian dollar's 2014 rally may be reaching its peak, according to a Reuters poll that showed analysts expect a strengthening US economy and a dovish domestic central bank to knock the currency lower before long.
Published 07 Jul, 2014 12:00am
Kiwi's ascent may be reaching its zenith

Kiwi's ascent may be reaching its zenith

It may be time to take profits on sharp gains in the New Zealand dollar versus the US dollar, even though the yield and macro-economic arguments for keeping the long position open remain. "Leave something for the next man" is an old forex trading adage, i
Published 07 Jul, 2014 12:00am
Brazil's Bovespa to hinge on election, Mexico's IPC to advance

Brazil's Bovespa to hinge on election, Mexico's IPC to advance

Brazil's Bovespa stock index will rally or sink at the end of the year depending on the outcome of the nation's presidential election in October, a Reuters poll showed on Thursday, while Mexican shares will track economic growth higher.
Published 07 Jul, 2014 12:00am
Dovish CEE central banks could slow currency rally

Dovish CEE central banks could slow currency rally

Central Europe's main currencies will firm against the euro this year although slowing economic recoveries in the region mean policymakers will be wary of too much currency strength, a Reuters poll showed on Wednesday.
Published 07 Jul, 2014 12:00am
UAE markets recover further: Arabtec jumps 15 percent limit, leads Dubai

UAE markets recover further: Arabtec jumps 15 percent limit, leads Dubai

Blue chip banks and property-related stocks, led by Dubai construction firm Arabtec , lifted markets in the United Arab Emirates on Sunday while earnings reports supported Saudi Arabia's bourse. Dubai's main index jumped 4.4 percent as shares in Arabtec s
Published 07 Jul, 2014 12:00am
IBM signs up to help fight China's war on smog

IBM signs up to help fight China's war on smog

IBM Corp has signed an agreement with the city of Beijing to use advanced weather forecasting and cloud computing technologies to help tackle the Chinese capital's persistent smog. After a series of pollution scares and scandals, China's central governmen
Published 07 Jul, 2014 12:00am
Saudi Arabia jails rights activist for 15 years

Saudi Arabia jails rights activist for 15 years

A Saudi court on Sunday sentenced to 15 years in jail a prominent rights lawyer described by Amnesty as a prisoner of conscience, relatives said in a statement posted on Twitter. The tweet said that Waleed Abulkhair, who has had many run-ins with the auth
Published 07 Jul, 2014 12:00am
Egypt raises taxes on cigarettes and alcohol

Egypt raises taxes on cigarettes and alcohol

Egypt raised the sales tax on cigarettes by up to 120 percent on Sunday and doubled the tax on alcohol as part of a series of measures to curb the budget deficit and reform the economy. The decisions were taken by President Abdel Fattah al-Sisi and publis
Published 07 Jul, 2014 12:00am
Top British ministers to court Modi

Top British ministers to court Modi

Top British ministers were due this week to meet India's Narendra Modi to pursue deeper trade ties, the latest Western government to court the prime minister since his election in May. Foreign Secretary William Hague and Finance Minister George Osborne we
Published 07 Jul, 2014 12:00am
US 'will stem tide' of child immigrants

US 'will stem tide' of child immigrants

Deportations are being stepped up of illegal migrants along the US border, a top Obama administration official said Sunday, defending the White House's handling of a flood of undocumented children. Secretary of Homeland Security Jeh Johnson told NBC telev
Published 07 Jul, 2014 12:00am
Syria planes strike inside Lebanon near border town

Syria planes strike inside Lebanon near border town

Syrian warplanes bombed gunmen inside Lebanese territory on Sunday on the border between the two countries, Lebanon's official National News Agency reported. There were no immediate reports of casualties.
Published 07 Jul, 2014 12:00am
Japan set for first arms export under new rules

Japan set for first arms export under new rules

Japan is set to approve its first arms export following relaxation of its self-imposed ban, as the nation aims to boost its global military and economic presence, a report said Sunday. Mitsubishi Heavy Industries plans to export a high-performance sensor
Published 07 Jul, 2014 12:00am
Malaysia to deploy more equipment in MH370 search

Malaysia to deploy more equipment in MH370 search

Malaysia will send more equipment to the southern Indian Ocean to join the search for Flight MH370 which went missing four months ago, a minister said Sunday. Defence Minister Hishammuddin Hussein said a Malaysian navy ship equipped with a multi-beam echo
Published 07 Jul, 2014 12:00am
Army, 'tribal gunmen' clash leaves 65 dead in Uganda

Army, 'tribal gunmen' clash leaves 65 dead in Uganda

At least 65 people have been killed in clashes between tribal gunmen and Ugandan government troops in the west of the country near the border with the Democratic Republic of Congo, officials said Sunday. It was not immediately clear what sparked and who w
Published 07 Jul, 2014 12:00am
German ministers urge swift answers to US double-agent reports

German ministers urge swift answers to US double-agent reports

German ministers on Sunday called for a swift response from the US to allegations of spying by a suspected double agent, which have raised fears of fresh tensions between the two allies. "If reports are correct, we are not talking here about small potatoe
Published 07 Jul, 2014 12:00am
Ukraine's first big win over rebels dims truce hopes

Ukraine's first big win over rebels dims truce hopes

Resurgent Ukrainian forces on Sunday pursued retreating pro-Russian rebels after seizing their symbolic bastion in a morale-boosting win that appeared to dim hopes for a cease-fire in the bloody separatist insurgency.
Published 07 Jul, 2014 12:00am
Bulgaria on brink of nuclear deal to reduce reliance on Russia

Bulgaria on brink of nuclear deal to reduce reliance on Russia

Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, is set to take a step towards diversifying its suppliers when Westinghouse Electric Company buys a stake in a state-controlled firm building new atomic units.
Published 07 Jul, 2014 12:00am
France scrapping plan to raise tax on hotel stays

France scrapping plan to raise tax on hotel stays

France is expected to scrap a planned hike in the tax levied on hotel stays after an outcry by the tourist industry, the Journal de Dimanche newspaper reported Sunday. The draft law proposed by the lower house of parliament - which would have seen a five-
Published 07 Jul, 2014 12:00am
Carbon emissions grew by 105 percent during 20 years: ADB

Carbon emissions grew by 105 percent during 20 years: ADB

Over the last 20 years, carbon emissions in Pakistan grew by 105 percent from 152.79 million tons in 1990 to 313.48 million tons in 2010. According to a report of the Asian Development Bank, the significant increase in greenhouse gases (GHGs), particularl
Published 07 Jul, 2014 12:00am
Opposition needs to be on one page to change the system: Elahi

Opposition needs to be on one page to change the system: Elahi

Pakistan Muslim League-Q (PML-Q) senior leader Ch Parvez Elahi has said that for changing the system entire opposition including Imran Khan and Dr. Tahirul Qadri should be on one page. "In this regard his party is playing a positive role and is in contact
Published 07 Jul, 2014 12:00am
18 arrested, arms recovered in Peshawar operation

18 arrested, arms recovered in Peshawar operation

Police arrested 18 suspects including proclaimed offenders, besides recovering arms during search operation, here on Sunday. Police on directives of IGP Khyber Pakhtunkhwa (KP) Nasir Durrani conducted search operation in different areas of Regi and adjoin
Published 07 Jul, 2014 12:00am
572,529 registered as IDPs so far: Prime Minister informed

572,529 registered as IDPs so far: Prime Minister informed

Prime Minister Nawaz Sharif was apprised on Sunday that so far 572,529 people belonging to 44,633 families, have been registered as internally displaced persons (IDPs). A detailed status report by all co-ordination and implementation organisations providi
Published 07 Jul, 2014 12:00am
CJP bids farewell to Justice Jillani

CJP bids farewell to Justice Jillani

Chief Justice of Pakistan Justice, Nasir-ul-Mulk bade farewell to Justice Tassaduq Hussain Jillani, former Chief Justice of Pakistan here at Chief Justice House on Sunday. Chief Justice of Pakistan Nasir-ul-Mulk set the good tradition of bidding farewell
Published 07 Jul, 2014 12:00am
LPG price increased by Rs 10 per kg

LPG price increased by Rs 10 per kg

The marketing companies on Sunday increased the price of Liquefied Petroleum Gas (LPG) by Rs 10 per kg with immediate effect. The price of domestic cylinder has been increased by Rs 120 and commercial cylinder by Rs 450.
Published 07 Jul, 2014 12:00am
Irsa reduces outflows from Mangla dam

Irsa reduces outflows from Mangla dam

The Indus River System Authority(Irsa) has reduced outflow from Mangla dam on the river Jhelum to the minimum level of 15,000 cusecs against the inflow of 60,000 cusecs of water to fill the country's biggest reservoir as early as possible, Flood Forecasti
Published 07 Jul, 2014 12:00am
Punjab minister visits Ramazan Bazaars

Punjab minister visits Ramazan Bazaars

Punjab Minister for Labour and Human Resources Raja Ashfaq Sarwar paid a surprise visit to Ramazan Bazaar at Samundari and Tandilianwala to cheek the prices, quality and quality of the essential commodities.
Published 07 Jul, 2014 12:00am
Shahbaz leaves for Beijing

Shahbaz leaves for Beijing

Punjab Chief Minister Shahbaz Sharif left for Beijing on Sunday on a visit to China. Talking to media persons at airport before his departure for China, the Chief Minister said that Pakistan and China are bound together in strong ties of love and friendsh
Published 07 Jul, 2014 12:00am
Rickshaw cylinder's fire Mother, daughter burnt to death

Rickshaw cylinder's fire Mother, daughter burnt to death

A woman and her daughter were burnt to death when a rickshaw they were travelling in turned turtle and its Liquefied Petroleum Gas (LPG) cylinder caught fire on Walton Road here on Sunday. According to details, the ill-fated passengers were identified as
Published 07 Jul, 2014 12:00am
Abid says government more concerned about Lahore incident

Abid says government more concerned about Lahore incident

Minister of State for Water and Power Abid Sher Ali on Sunday said that people like AML chief Sheikh Rashid Ahmed should be in jail. Talking to media here, Ali said that if Sheikh Rashid was fed up with democracy then he should leave the masses alone and
Published 07 Jul, 2014 12:00am
Operation to continue till elimination of terrorism: Asif

Operation to continue till elimination of terrorism: Asif

Federal Minister for Defence, Water and Power Khawaja Muhammad Asif has said the military operation will continue till the elimination of terrorism from all tribal areas of the country. Talking to the media at his residence in Sialkot cantonment on Sunday
Published 07 Jul, 2014 12:00am
Forgery Detection Machines help control human trafficking

Forgery Detection Machines help control human trafficking

The installation of Forgery Detection Machines at major airports have positively helped authorities to identify forged documents and control human trafficking cases. This equipment magnifies images on any document to a very high degree and can identify th
Published 07 Jul, 2014 12:00am
ANF apprehends five drug smugglers

ANF apprehends five drug smugglers

The Anti Narcotics Force (ANF) on Sunday apprehended five drug smugglers and recovered 25.35 kg of heroin and 4.2 kilograms of charas. According to details, the ANF intercepted a Toyota Fielder in Kohat and recovered 25 kg heroin concealed in its secrete
Published 07 Jul, 2014 12:00am
Firing incident: Punjab chief minister takes notice

Firing incident: Punjab chief minister takes notice

Punjab Chief Minister Shahbaz Sharif has taken notice of a firing incident in front of a mosque near Panjnad Tanki Chowk, Och Sharif area of Bahawalpur and sought a report from RPO Bahawalpur.
Published 07 Jul, 2014 12:00am
Cop, Razakar killed in terrorists' attack

Cop, Razakar killed in terrorists' attack

Two policemen, who were gunned down by the terrorists on Saturday night, were laid to rest on Sunday. Punjab Minister Muhammad Iqbal Channer, Regional Police Officer Rai Muhammad Tahir, DPO Sarfraz Falki and DCO Bahawalpur Imran Sikandar Baloch and a numb
Published 07 Jul, 2014 12:00am
Import of edible oil increases marginally

Import of edible oil increases marginally

The import of edible oil during July-May 2013-14 marginally increased to $1.830617 billion against $1.830601 billion worth of import registered during first 11 months of last financial year, showing less than one percent growth during current fiscal. Duri
Published 07 Jul, 2014 12:00am
MCCI chief nominated Rotary official

MCCI chief nominated Rotary official

Multan Chamber of Commerce & Industry's (MCCI) President Khawaja Muhammad Usman has been nominated as assistant district Governor of Rotary International (District 3272). Eulogising the humanitarian services of Khawaja Usman, district Governor Dr Mansoor-
Published 07 Jul, 2014 12:00am
Manifold increase in demand of dates in twin cities

Manifold increase in demand of dates in twin cities

In holy month of Ramazan, the demand of dates has increased manifolds in twin cities of Islamabad and Rawalpindi. Owing to the demand, small vendors have set up date's stalls at various places in the twin cities to facilitate the citizens, while shopkeepe
Published 07 Jul, 2014 12:00am
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