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Print - 2014-07-10
Sudan, South in 'life-saving' deal for millions of hungry

Sudan, South in 'life-saving' deal for millions of hungry

Life-saving aid could move from Sudan to its former enemy South Sudan under a deal to feed some of the millions battling hunger in the war-torn South, a diplomat said Wednesday. The two countries signed on Tuesday evening a memorandum of understanding for
Published 10 Jul, 2014 12:00am
EU tackles 'hurdles' on data protection laws

EU tackles 'hurdles' on data protection laws

European ministers attempted to overcome "hurdles" and agree on common rules for data protection laws on Wednesday at informal talks hosted by new EU president Italy. "There would be nothing worse than failing to agree on common rules," Italian Justice Mi
Published 10 Jul, 2014 12:00am
Russia approves John Tefft as new US ambassador

Russia approves John Tefft as new US ambassador

Moscow said Wednesday it has approved the candidacy of a new US ambassador to Russia, John Tefft, who is known for his support for the pro-Western nations of Ukraine and Georgia. "An agreement has been given," President Vladimir Putin's top foreign policy
Published 10 Jul, 2014 12:00am
UAE arrests Qatari 'spies'

UAE arrests Qatari 'spies'

Authorities in the United Arab Emirates have arrested Qatari "spies," an Emirati daily reported on Wednesday in a new sign of mounting tensions between Doha and its Gulf neighbours. The report in Al-Khaleej newspaper, which cited Emirati sources, was in r
Published 10 Jul, 2014 12:00am
De Mistura Brahimi as Syria envoy: diplomats

De Mistura Brahimi as Syria envoy: diplomats

Italian-Swedish diplomat Staffan de Mistura, who has served previously in Afghanistan and Iraq, is to become the new UN envoy to Syria, diplomats said Wednesday. He is to replace Lakhdar Brahimi who resigned at the end of May after two rounds of peace tal
Published 10 Jul, 2014 12:00am
US snooped on Muslim-American leaders: report

US snooped on Muslim-American leaders: report

The FBI and National Security Agency monitored the emails of prominent Muslim-American activists, academics and a political candidate, according to a report co-authored by journalist Glenn Greenwald. The report appearing in the online news site The Interc
Published 10 Jul, 2014 12:00am
Japan military jets scrambled record 340 times in April-June

Japan military jets scrambled record 340 times in April-June

Japan said Wednesday that its military scrambled fighter jets a record 340 times in the three months to June in response to feared intrusions on its airspace, as tensions grow with China. The Joint Staff of Japan Self-Defense Forces said, however, that ar
Published 10 Jul, 2014 12:00am
Modi tightens grip on ruling party

Modi tightens grip on ruling party

Indian Prime Minister Narendra Modi tightened his grip on the reins of power Wednesday after the appointment of his most trusted aide, Amit Shah, as president of the ruling Hindu nationalist party. Shah, who has known Modi since the 1980s in their home st
Published 10 Jul, 2014 12:00am
Snowden has applied to extend Russia stay

Snowden has applied to extend Russia stay

Fugitive US intelligence contractor Edward Snowden has formally requested to stay in Russia past July 31, when his one-year asylum status expires, his lawyer said on Wednesday. "We have already filed documents to extend his stay in Russia," Anatoly Kucher
Published 10 Jul, 2014 12:00am
Election crisis and rising war casualties add to Afghan woes

Election crisis and rising war casualties add to Afghan woes

Fighting in Afghanistan is spreading into populated areas and taking a record toll on civilians, the UN warned Wednesday, as presidential candidates urged supporters not to raise tensions after the disputed election result. Political deadlock and soaring
Published 10 Jul, 2014 12:00am
Syria air raids kill 20 Islamic State jihadists

Syria air raids kill 20 Islamic State jihadists

Twenty members of the Islamic State (IS) were killed in Syrian air force raids on Wednesday against the jihadists' bastion in Raqa, the Syrian Observatory for Human Rights said. The report comes after Syrian rebels killed at least 14 people overnight, amo
Published 10 Jul, 2014 12:00am
Israeli, Palestinian leaders behaving 'like children': Tutu

Israeli, Palestinian leaders behaving 'like children': Tutu

Nobel peace laureate Desmond Tutu has lashed out at Israeli and Palestinian leaders for behaving "like children," seeking to blame each other for the latest bloody conflagration in the long-running conflict. "Once again, the people of Israel and Palestine
Published 10 Jul, 2014 12:00am
Typhoon Neoguri bears down on Japanese mainland

Typhoon Neoguri bears down on Japanese mainland

Typhoon Neoguri bore down on the Japanese mainland Wednesday after slamming into the southern Okinawa island chain, with three people killed as powerful winds and torrential rains battered the country. Packing gusts of up to 144 kilometres (90 miles) per
Published 10 Jul, 2014 12:00am
Biden calls Iraqi Kurdish leader

Biden calls Iraqi Kurdish leader

US Vice President Joe Biden called Kurdish leader Massud Barzani on Wednesday, on a day when the autonomous region was accused by Iraq's leader of harbouring jihadists. The accusation by Shia Prime Minister Nuri al-Maliki represented another blow to Ameri
Published 10 Jul, 2014 12:00am
Abbas says Israel committing 'genocide' in Gaza

Abbas says Israel committing 'genocide' in Gaza

Palestinian president Mahmud Abbas on Wednesday accused Israel of committing "genocide" in Gaza during its military campaign which has so far killed 43 Palestinians. "It's genocide - the killing of entire families is genocide by Israel against our Palesti
Published 10 Jul, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded September copper contract on the Shanghai Futures Exchange slipped by 0.2 percent to 50,870 yuan ($8,200) a tonne on Wednesday, with momentum falling short of fresh five-month peaks in overnight trade. Copper prices have rallied more than
Published 10 Jul, 2014 12:00am
Zinc steadies near three-year top

Zinc steadies near three-year top

Zinc steadied on Wednesday but stayed near the previous session's 3-year high as investors held firm to the view that the metal will face shortages due to mine closures and is currently a good proxy for recovering global growth. Copper prices hovered near
Published 10 Jul, 2014 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures fell to their three-week low on Wednesday amid thin trade, weighed down by a stronger yen and weaker shares, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for December delivery lost 1.9
Published 10 Jul, 2014 12:00am
Soyabeans lower

Soyabeans lower

US soyabean futures fell for the seventh straight session on Tuesday, and corn slid lower for a sixth day as favourable weather around the Midwest buoyed forecasts of record crops this autumn. Wheat prices were narrowly mixed after hitting a four-year low
Published 10 Jul, 2014 12:00am
Palm oil plunges

Palm oil plunges

Malaysian palm oil futures edged down on Wednesday to touch their lowest since October as losses in soyoil markets overseas and a firm ringgit dragged, although prospects of smaller supplies of the vegetable oil provided support. The benchmark September c
Published 10 Jul, 2014 12:00am
Sugar, cocoa falls

Sugar, cocoa falls

Raw sugar futures on ICE dropped to a 4-1/2-month low on Wednesday on expectations that upcoming Brazilian cane data will reveal rapid crushing, while cocoa slipped further below a recent three-year high. Arabica coffee on ICE Futures US was down a shade
Published 10 Jul, 2014 12:00am
Palladium at 13-year high in New York

Palladium at 13-year high in New York

Palladium rose for the 12th straight session to its highest in more than 13 years on Tuesday amid firm automotive demand and continued concerns supplies in South Africa will tighten even after the end of a months-long strike. Gold turned lower even as the
Published 10 Jul, 2014 12:00am
Palladium climbs in Asia

Palladium climbs in Asia

Palladium climbed for a 13th session on Wednesday to trade near its highest since 2001 on concerns over supply constraints in major producer South Africa, while strong demand for the metal from the auto industry also underpinned prices. Palladium rose 0.6
Published 10 Jul, 2014 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold prices firmed on Wednesday, climbing back above $1,320 an ounce, as fresh inflows into bullion-backed funds indicated rising investor confidence the metal ahead of the release of the latest Federal Reserve minutes. The world's largest gold exchange-t
Published 10 Jul, 2014 12:00am
US MIDDAY: new-crop corn tumbles

US MIDDAY: new-crop corn tumbles

US new-crop corn futures on Wednesday fell for a seventh straight session, the market's longest slide in a year, and set new contract lows as forecasts for nearly ideal crop weather raised expectations for record harvests. New-crop soyabean futures droppe
Published 10 Jul, 2014 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold edged higher early on Wednesday, holding above $1,320 an ounce, as investors bought into bullion-backed funds anticipating a modest or downbeat assessment of the US economy in Federal Reserve's latest meeting minutes. Palladium rose to a 13-1/2 year
Published 10 Jul, 2014 12:00am
ICE cotton falls for seventh session on US output expectations

ICE cotton falls for seventh session on US output expectations

Cotton futures touched June 2012 lows on Wednesday as producers raced to hedge their crops as the market braced for an expected boost on Friday in the US government's outlook for 2014/15 supply prospects in the United States, the world's top exporter.
Published 10 Jul, 2014 12:00am
Oil drops on weak US fuel demand, returning Libya supply

Oil drops on weak US fuel demand, returning Libya supply

Oil prices fell on Wednesday, with US crude down more than $1 a barrel on faltering demand for gasoline, and Brent down too as a Libyan oilfield resumed output. US gasoline stockpiles rose 579,000 barrels, the Energy Information Administration reported, s
Published 10 Jul, 2014 12:00am
KMC officer suspended

KMC officer suspended

The services of Dr Azfar Moid, Director Procurement Medical & Health, KMC, have been placed under suspension through an order of the Human Resources Management Department with immediate effect and till further orders. Sources said that the officer was sus
Published 10 Jul, 2014 12:00am
Rainee Canal Project case: NAB arrests one accused from Ghotki

Rainee Canal Project case: NAB arrests one accused from Ghotki

In the investigation case of Gulsher Ahmed Solangi, DDO Revenue and others, in the Rainee Canal Project case one of the accused Abdul Sattar Kalwar S/O Allah Rakhiyo Kalwar, Supervising (Tapedar) Government of Sindh, arrested by NAB Sindh Intelligence Tea
Published 10 Jul, 2014 12:00am
Mumtaz Bhutto likely to join PTI

Mumtaz Bhutto likely to join PTI

Central leader of Pakistan Muslim League-Nawaz (PML-N) Mumtaz Bhutto may join PTI along with his supporters. Sources said the PTI cashed in on the differences of Mumtaz Bhutto with PML-N leadership and established contacts with him. The sources said that
Published 10 Jul, 2014 12:00am
Fire tenders' project: TI-Pakistan points out manipulation in tendering

Fire tenders' project: TI-Pakistan points out manipulation in tendering

Transparency International Pakistan has forwarded a complaint to the Secretary, Local government, the Government of Sindh with a request to examine the allegation of collusion between the department and bidder which may cause loss of Rs 3.68 billion by ma
Published 10 Jul, 2014 12:00am
Two shot dead in Bannu

Two shot dead in Bannu

At least two persons were killed when unknown assailants opened fire on an auto Rickshaw at GTS Chowk here on Wednesday. According to police, two people whose identity could not ascertain were shot dead by unknown attackers at GTS Chowk during morning hou
Published 10 Jul, 2014 12:00am
Over 31,330 suspects held during Karachi operation

Over 31,330 suspects held during Karachi operation

City police on Wednesday claimed to have arrested 31,336 accused allegedly involved in different criminal cases including extortion, robbery and kidnapping in the ongoing Karachi operation during last 10 months. The police which in a bid to restore peace
Published 10 Jul, 2014 12:00am
SU to publish two books of Muhammad Ibrahim Joyo

SU to publish two books of Muhammad Ibrahim Joyo

A delegation led by the former vice-chancellor of Sindh University Mazharul Haq Siddiqui on Wednesday visited Sindh University and met Vice Chancellor Professor Dr Abida Taherani at her office. The delegation felicitated her upon resuming charge as vice c
Published 10 Jul, 2014 12:00am
Samsung announces second quarter earning guidance

Samsung announces second quarter earning guidance

Samsung Electronics Co on Wednesday announced its earnings guidance for the second quarter of 2014. Consolidated sales: Approximately 52.0 trillion Korean won (Range: 51.0 - 53.0 trillion Korean won) Consolidated operating profit: Approximately 7.2 trilli
Published 10 Jul, 2014 12:00am
Samsung announces second quarter earning guidance

Samsung announces second quarter earning guidance

Samsung Electronics Co on Wednesday announced its earnings guidance for the second quarter of 2014. Consolidated sales: Approximately 52.0 trillion Korean won (Range: 51.0 - 53.0 trillion Korean won) Consolidated operating profit: Approximately 7.2 trilli
Published 10 Jul, 2014 12:00am
HEC, all universities set up fund to support IDPs

HEC, all universities set up fund to support IDPs

The Higher Education Commission (HEC) has started mobilising all public and private universities of the country to play an effective role in supporting IDPs who have been displaced due to the ongoing operation Zarb-e-Azb in North Waziristan.
Published 10 Jul, 2014 12:00am
Shell in terminal expansion deal to boost LNG fuel for transport

Shell in terminal expansion deal to boost LNG fuel for transport

Shell is the launching customer of new, dedicated liquefied natural gas (LNG) for transport infrastructure, announced on Wednesday by the Gas Access To Europe (Gate) terminal. The Gate terminal is a joint venture of Gasunie, Vopak and OMV at the port of R
Published 10 Jul, 2014 12:00am
NCPL signs LoI for setting up 660 megawatts coal-based power plant

NCPL signs LoI for setting up 660 megawatts coal-based power plant

Nishat Chunian Power Limited (NCPL) has signed a Letter of Interest (LoI) issued by Punjab Power Development Board for setting up of 660 MW coal-based power project at Jhang, Punjab. Tanveer Khalid, CFO NCPL, said that the construction of the project was
Published 10 Jul, 2014 12:00am
Meera may appear in theatre play

Meera may appear in theatre play

Film star Meera is set to appear in theatre play on Eid-ul-Fitr, as the producers are actively pursuing her for her theatre appearance first time in Pakistan. According to the sources, the producers are offering handsome amount to Meera for the same. One
Published 10 Jul, 2014 12:00am
KCCI's annual election will be held on September 20

KCCI's annual election will be held on September 20

Annual election of Karachi Chamber of Commerce and Industry (KCCI) for the year 2014-15 to elect managing committee members will be held on September 20, 2014 while election of office-bearers will be held on September 27, 2014. The annual general meeting
Published 10 Jul, 2014 12:00am
Justice Mansoor holds sessions on topical issues

Justice Mansoor holds sessions on topical issues

Justice Syed Mansoor Ali Shah, the Reform Judge is holding hours long thought provoking sessions daily with all the stakeholders. All the departments at the Lahore High Court as well as District Judiciary, Bar Associations even Bar Clerks and Munshis have
Published 10 Jul, 2014 12:00am
Explosives seized from house in Peshawar defused

Explosives seized from house in Peshawar defused

A Bomb Disposal Squad (BDS) on Wednesday defused two hand grenades and four Improvised Explosive Device (IED), detonators and silencer of pistols, recovered from inside a house in Peshawar, according to police officials. Police raided a house on Pajagi Ro
Published 10 Jul, 2014 12:00am
July-May 2013-14: import of textile machinery grows by 58 percent

July-May 2013-14: import of textile machinery grows by 58 percent

Textile industry invested around $548.997 million during July-May 2013-14 to replace the rundown machinery with a view to boost up production, exporters said on Wednesday. "The industry has imported around $548.997 million of new machinery during the curr
Published 10 Jul, 2014 12:00am
Khyber Pakhtunkhwa to set up chamber for skilled craftsmen

Khyber Pakhtunkhwa to set up chamber for skilled craftsmen

Technical and Vocational Training Authority (Tveta) Khyber Pakhtunkhwa for promotion technical education and uplift of the skilled persons has decided the establishment of Khyber Pakhtunkhwa Chamber of Skilled Craftsmen. The chamber will not only make eff
Published 10 Jul, 2014 12:00am
Huawei launches highly anticipated Ascend P7 in Pakistan

Huawei launches highly anticipated Ascend P7 in Pakistan

Huawei, a leading global information and communications technology (ICT) solutions provider launched its highly anticipated Ascend P7 in Pakistan. The new 4G, LTE-enabled smart phone received an overwhelming response and immense appreciation from the cons
Published 10 Jul, 2014 12:00am
Denmark donates $1 million for UN Women Country programme

Denmark donates $1 million for UN Women Country programme

The Government of Denmark is the first donor, providing a grant of USD 1 million to support UN Women's current Country Program area promoting "Peace and Security, and humanitarian actions shaped by women's leadership and participation". This was announced
Published 10 Jul, 2014 12:00am
'Punjab government utilising all sources to assist IDPs'

'Punjab government utilising all sources to assist IDPs'

Provincial Minister for Anti-Terrorism Colonel Shuja Khanzada (Retd) has said that provision of timely and smooth assistance to the displaced families of North Waziristan is a big challenge and Punjab government is utilising all its resources to cop with
Published 10 Jul, 2014 12:00am
For over 8,000 IDPs: Mobilink hands over food supplies to Army

For over 8,000 IDPs: Mobilink hands over food supplies to Army

Mobilink Foundation handed over food supplies to Pakistan Army for over 8,000 Internally Displaced Persons (IDPs). The food packages were handed over to Pakistan Army at a ceremony held at Rawalpindi Race Course which was attended by high ranking officers
Published 10 Jul, 2014 12:00am
WHO's good governance for medicines programme launched

WHO's good governance for medicines programme launched

State Minister for National Health Services Regulation and Co-ordination Saira Afzal Tarar launched the World Health Organisation (WHO) global scheme - Good Governance for Medicines (GGM) Programme - in Pakistan with an objective to prevent corruption by
Published 10 Jul, 2014 12:00am
Transfers, postings of FBR officials

Transfers, postings of FBR officials

The Federal Board of Revenue (FBR) has transferred and posted 12 officials of Inland Revenue Customs Service (Grade-20 to 21) with immediate effect. According to a notification issued here on Wednesday, Rukhsana Yasmin (Inland Revenue Service/BS-21), Memb
Published 10 Jul, 2014 12:00am
Rape, murder of woman: Shahbaz takes notice

Rape, murder of woman: Shahbaz takes notice

Punjab Chief Minister Muhammad Shahbaz Sharif has taken notice of rape and murder of a 30-year-old woman in Harbanspura, Lahore and sought a report from CCPO Lahore. The Chief Minister directed that immediate action be taken for the arrest of the culprits
Published 10 Jul, 2014 12:00am
'Government to extend all possible assistance to IDPs '

'Government to extend all possible assistance to IDPs '

"The federal government is fully aware of the difficulties faced by the internally displaced families of North Waziristan and will extend all possible assistance and support to them in this hour of need." This was stated by Federal Minister for Textile In
Published 10 Jul, 2014 12:00am
Islamabad police arrest 407 accused

Islamabad police arrest 407 accused

Owing to high efforts of Islamabad police and effective strategy to counter criminals, a total of 407 accused were arrested during the last month for involvement in various crime cases besides recovery of cache of weapons, narcotics and looted items worth
Published 10 Jul, 2014 12:00am
FDMA registers 852,495 IDPs from NWA so far

FDMA registers 852,495 IDPs from NWA so far

The registration of the Internally Displaced Persons (IDPs) from North Waziristan continued in Bannu and Peshawar for the third consecutive day on Wednesday, as number of IDPs has crossed over 800,000. According to data of Fata Disaster Management Authori
Published 10 Jul, 2014 12:00am
Corps Commander meets Khyber Pakhtunkhwa Governor

Corps Commander meets Khyber Pakhtunkhwa Governor

Corps Commander, Peshawar Lieutenant General Khalid Rabbani called on the Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan at Governor's House, Peshawar on Wednesday. He remained with the Governor for some time and discussed matters pertaining to sec
Published 10 Jul, 2014 12:00am
Army dispatches 26 truckloads of relief goods for IDPs

Army dispatches 26 truckloads of relief goods for IDPs

Pakistan Army on Wednesday dispatched 26 truckloads of relief goods for Internally Displaced Persons (IDPs) of North Waziristan Agency (NWA) to mitigate their sufferings. The consignment contains relief items including flour, rice, sugar, lentils, cooking
Published 10 Jul, 2014 12:00am
Mufti Muneeb for paying 'Fitrana' timely

Mufti Muneeb for paying 'Fitrana' timely

Chairman, Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman here on Wednesday advised faithful to pay Sadqa-e-Fitr (Fitrana) to the poor much before Eid-ul-Fitr so that the needy could also celebrate the festival. Talking to APP, the chairman said th
Published 10 Jul, 2014 12:00am
Kashmir Council's efforts to raise issue at EU hailed

Kashmir Council's efforts to raise issue at EU hailed

Chairman Kashmir Council EU, Ali Raza Syed and other office-bearers of the council met the six-member delegation of Pakistan Senators. The Pakistani parliamentary delegation visited European Parliament in Brussels on Tuesday. Ali Raza Syed briefed the del
Published 10 Jul, 2014 12:00am
Species face extinction Vultures' population decreasing

Species face extinction Vultures' population decreasing

Population of vultures, known as natural recyclers, is on the verge of extinction in Pakistan due to the use of a banned veterinary drug called `Diclofenac Sodium'. The painkiller which is a non-steroid anti-inflammatory drug (NSAID) is injected to livest
Published 10 Jul, 2014 12:00am
Four alleged criminals held near Sahiwal

Four alleged criminals held near Sahiwal

National Highways and Motorway Police N-5 Central have arrested four criminals involved in criminal activities and recovered wine and illegal arms and ammunition from their possession on National Highway near Sahiwal. As per details, the NH and MP officer
Published 10 Jul, 2014 12:00am
Punjab Chief Secretary pays surprise visit to Sastay Ramazan Bazaars

Punjab Chief Secretary pays surprise visit to Sastay Ramazan Bazaars

Punjab Chief Secretary Naveed Akram Cheema has said that the aim of relief package of Rs 5 billion and Sastay Ramazan Bazaars is to provide quality edible items to the people at affordable rates. He expressed these views while talking to the people and me
Published 10 Jul, 2014 12:00am
Imran sticks to protest plan

Imran sticks to protest plan

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that he will lead the 'Azadi march' to Islamabad on August 14 at any cost. He was addressing a gathering of party's activists and office bearers here on Tuesday. He urged the Pakistanis to take p
Published 10 Jul, 2014 12:00am
47th death anniversary: tributes paid to Madar-e-Millat

47th death anniversary: tributes paid to Madar-e-Millat

Glowing tributes were paid to Madar-e-Millat Mohtarma Fatima Jinnah, as her 47th death anniversary was observed with due reverence on Wednesday. Social, political and cultural organisations arranged seminars and functions to pay homage to Mohtarma Fatima
Published 10 Jul, 2014 12:00am
KP to complete two medium capacity hydel projects this year

KP to complete two medium capacity hydel projects this year

Khyber Pakhtunkhwa Minister for Energy and Power, Atif Khan has stressed boosting the pace of work on the ongoing energy projects and to make a plan to complete them within the stipulated time period. He expressed these views during a presentation of ener
Published 10 Jul, 2014 12:00am
No slackness in meeting Ramazan package target: Dr Javed

No slackness in meeting Ramazan package target: Dr Javed

Punjab Minister for Agriculture Dr Farrukh Javed has warned that no slackness would be tolerated in meeting the target of Rs 5 billion Ramazan package announced by the government with the objective of ensuring supply of flour and other daily use commoditi
Published 10 Jul, 2014 12:00am
MCCI chief for steps to end loadshedding

MCCI chief for steps to end loadshedding

President of Multan Chamber of Commerce and Industry (MCCI), Khawaja Muhammad Usman has urged upon Minister for Water and Power Abid Sher Ali to take steps to put an end the unannounced loadshedding. During two-day visit to Multan, Abid Sher Ali assured h
Published 10 Jul, 2014 12:00am
Government inaction irks mango exporters

Government inaction irks mango exporters

The Farmers Associates of Pakistan (FAP) has blamed the Federal government for not extending help to mango exporters to capture the European market. Director FAP Choudhry Hamid Malhi told Business Recorder here on Wednesday that mango farmers were
Published 10 Jul, 2014 12:00am
Imran Khan to leave for London today

Imran Khan to leave for London today

Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan has planned to fly to London on Thursday for one week The sources said that the PTI chief will see his children and raise funds for Shaukat Khanum Cancer Hospital in the United Kingdom.
Published 10 Jul, 2014 12:00am
ECP asks lawmakers to submit annual asset details by September 30

ECP asks lawmakers to submit annual asset details by September 30

The Election Commission of Pakistan (ECP) has asked members of the Parliament and Provincial Assemblies to submit yearly statements of assets and liabilities of their own, spouses and dependents to the ECP by September 30. In a press release here on Wedne
Published 10 Jul, 2014 12:00am
Liaqatabad, North Karachi: encroachments alongside roads removed

Liaqatabad, North Karachi: encroachments alongside roads removed

Anti-encroachments squad of Karachi Metropolitan Corporation (KMC) removed all encroachments from main roads and pavements in Liaqatabad and North Karachi. The squad removed dozens of push carts, patharas and other encroachments and cleared the road and p
Published 10 Jul, 2014 12:00am
Inputs, raw materials: IOCO empowered to determine entitlement

Inputs, raw materials: IOCO empowered to determine entitlement

The Federal Board of Revenue (FBR) has empowered the Directorate of Input-Output Coefficient Organisation (IOCO) to determine the final entitlement of inputs/raw materials in cases where the Collector of Customs had issued provisional entitlement on input
Published 10 Jul, 2014 12:00am
Efforts on for Dr Aafia's repatriation: Nisar

Efforts on for Dr Aafia's repatriation: Nisar

Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan has said the government is carrying out sincere efforts for repatriation of Dr Aafia Siddiqui. He said this while talking to Dr Aafia's sister, Dr Fouzia Siddiqui who called on hi
Published 10 Jul, 2014 12:00am
Duty on pet resins raised to 8.5 percent under PCT

Duty on pet resins raised to 8.5 percent under PCT

The customs duty on pet resins of film and bottle grades has been increased from 8 percent to 8.5 percent under Pakistan Customs Tariff (PCT) 2014-15 whereas the said rate shall be applicable subject to the decision of the court. Sources told Business
Published 10 Jul, 2014 12:00am
US working with UN to provide relief to IDPs: Olson informs Dar

US working with UN to provide relief to IDPs: Olson informs Dar

US Ambassador to Pakistan, Richard G Olson called on the Finance Minister Senator Mohammad Ishaq Dar here on Wednesday to discuss bilateral economic issues and co-operation between the two countries. The Ambassador informed the Finance Minister that the U
Published 10 Jul, 2014 12:00am
Appointment of HC to the UK

Appointment of HC to the UK

According to media reports, Prime Minister Nawaz Sharif has approved the appointment of Foreign Service career officer Syed Ibne Abbas as Pakistan's new High Commissioner to the United Kingdom. Abbas would be the first Foreign Service officer to be Pakist
Published 10 Jul, 2014 12:00am
US stock valuation metrics make strategists nervous

US stock valuation metrics make strategists nervous

The S&P 500 is closing in on the vaunted 2,000 mark, but a growing number of strategists, looking at common measures of valuation, are wondering if the milestone is justified. By some measures, like the oft cited forward price-to-earnings ratio, stocks ar
Published 10 Jul, 2014 12:00am
Property and property rights

Property and property rights

The term property usually refers to tangible things, say for example, tools, clothing, furniture etc. Property is regarded in the owner's complete command. The well-known English jurist 'Blackstone' stated that property is an absolute right and contains w
Published 10 Jul, 2014 12:00am
VIEW POINT: Return of the caliphate

VIEW POINT: Return of the caliphate

The Islamic State of Iraq and al-Sham (ISIS) has finally attained success in proclaiming establishment of the Islamic State in western Iraq and north-eastern Syria, declaring its chief, Abu Bakr al-Baghdadi, as 'Caliph of the Muslims' and decreeing that a
Published 10 Jul, 2014 12:00am
Modinomics
Libor

Modinomics

According to India's Economic Survey released yesterday, India's fiscal situation is worse than it appears. It has underscored the need for taking tough measures to shore up public finances and reduce inflation. The newly-elected Prime Minister Narendra M
Published 10 Jul, 2014 12:00am
There is much plausibility in IMF argument

There is much plausibility in IMF argument

The "do more" mantra was the main theme of the International Monetary Fund (IMF) staff third review report under the 6.64 billion dollar Extended Fund Facility for consideration of its Executive Board - a prerequisite prior to the release of the third tra
Published 10 Jul, 2014 12:00am
KCCI chief urges SBP to bring down discount rate

KCCI chief urges SBP to bring down discount rate

Karachi Chamber of Commerce and Industry's (KCCI) President Abdullah Zaki has said that to spur economic growth and industrialisation in the country, the State Bank must bring down discount rate by at least 1 per cent to 9 per cent in the forthcoming mone
Published 10 Jul, 2014 12:00am
Customs appears feckless to check 'Haram' food items

Customs appears feckless to check 'Haram' food items

The customs department appears feckless to prevent the imports of 'Haram' food products, being offered at markets across the country during Ramazan; it is learnt on Wednesday.
Published 10 Jul, 2014 12:00am
CNG stations: Supreme Court dismisses identical petitions

CNG stations: Supreme Court dismisses identical petitions

The Supreme Court on Wednesday dismissed identical petitions filed by Compressed Natural Gas (CNG) Association and directed the Oil and Gas Regulatory Authority (OGRA) to issue CNG licenses as per the prescribed rules and regulations.
Published 10 Jul, 2014 12:00am
The Weather

The Weather

The weather report on Wednesday (July 09, 2014) and the forecast for Thursday (July 10, 2014).

Published 10 Jul, 2014 12:00am
Pakistan condemns Israeli attacks on Gaza

Pakistan condemns Israeli attacks on Gaza

Pakistan on Wednesday condemned Israeli military attacks on Gaza in which several Palestinians including women and children were killed. "Pakistan is deeply concerned at the recent escalation of violence and loss of lives in Gaza and condemns Israeli aggr
Published 10 Jul, 2014 12:00am
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