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Print - 2014-08-03
Model Town incident: Gullu Butt, 5 cops produced before court

Model Town incident: Gullu Butt, 5 cops produced before court

As many as six accused of the Model Town firing incident including Gullu Butt and five policemen were produced in court on Saturday. Gullu Butt, a central character of the incident, who was seen smashing windscreens of parked cars and offering looted soft
Published 03 Aug, 2014 12:00am
July-bloodiest month of drone strikes in 2-year

July-bloodiest month of drone strikes in 2-year

At least 32 people died in three CIA drone strikes in Pakistan, making this the bloodiest month since July 2012, the UK-based Bureau of Investigative Journalism says. The strikes all reportedly occurred in and around Datta Khel in North Waziristan. This m
Published 03 Aug, 2014 12:00am
Traders' protest blocks traffic flow

Traders' protest blocks traffic flow

Commuters experienced great inconvenience for several hours on Saturday as a result of blockade on Hyderabad-Tando Muhammad Khan Road where traders of Zeal Pak Market held demonstration against demolition of their business place by Highways Department.
Published 03 Aug, 2014 12:00am
Beach tragedy: SHC asks applicant to file constitutional petition

Beach tragedy: SHC asks applicant to file constitutional petition

The Sindh High Court (SHC) on Saturday disposed of an application filed by an advocate requesting it to take notice of the Clifton beach tragedy. Advocate Muhammad Nadeem Shaikh, president of Justice Helpline Pakistan, addressed an application to the SHC
Published 03 Aug, 2014 12:00am
Imran wants to topple elected government: Rashid

Imran wants to topple elected government: Rashid

Federal Minister for Information, Broadcasting and National Heritage (IB&NH) Pervaiz Rashid has alleged that Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan wanted to topple the democratically-elected government and it was his real agenda instead of br
Published 03 Aug, 2014 12:00am
Two-member Chinese team calls on LCCI President

Two-member Chinese team calls on LCCI President

A two-member Chinese delegation led by Vice Chairman Sub Council of Chinese Chemical Industry Ma Chunyan called on LCCI President Engineer Sohail Lashari and briefed him about CAC Pakistan Summit and Pak-China Agro Chemical Expo scheduled for August 5 and
Published 03 Aug, 2014 12:00am
Hoti urges PTI chief to work for strengthening democracy

Hoti urges PTI chief to work for strengthening democracy

Provincial President, ANP Khyber-Pakhtunkhwa, Ameer Haider Khan Hoti said PTI Chief Imran Khan instead of embarking on long and short marches should work for strengthening democracy in the country. Addressing a function held on the occasion of the handing
Published 03 Aug, 2014 12:00am
Nawaz snubbed Manmohan: Natwar Singh

Nawaz snubbed Manmohan: Natwar Singh

Former external affairs minister Natwar Singh has claimed that in 2013, during Nawaz Sharif's meeting with Manmohan Singh, the Pakistan Prime Minister bluntly said to his Indian counterpart that there was no use talking to him and they would prefer to tal
Published 03 Aug, 2014 12:00am
Attack on bus one passenger killed

Attack on bus one passenger killed

Unidentified gunmen fired on a passenger bus on Saturday and killed one person and injured another in Hangu district, police said. Police sources said unidentified assailants opened fire on the coach near Doaba area of Hangu leading to the casualties. The
Published 03 Aug, 2014 12:00am
Complete shutter down observed in IHK

Complete shutter down observed in IHK

Complete shutdown was observed on Saturday to protest against Indian government's move to convert Kausarnag in South Kashmir into another Hindu pilgrimage spot in the territory. Call for the shutdown has been given by the veteran Hurriyet leader, Syed Ali
Published 03 Aug, 2014 12:00am
Pakistan protests over incursion from Afghanistan

Pakistan protests over incursion from Afghanistan

Pakistan has lodged strong protest with Afghanistan over another cross-border attack by terrorists. A Pakistani soldier embraced Shahadat due to sniper fire from the Afghan side of the border at a Pakistani military post near Ghakhai Pass in Bajaur Agency
Published 03 Aug, 2014 12:00am
More rains likely across country

More rains likely across country

Widespread rain with thundershower is expected in Kashmir, Sukkur, D.G. Khan, Zhob, Sibi and Naseerabad on Saturday. However, scattered rain is expected in Islamabad, Rawalpindi, Sargodha, Gujranwala, Faisalabad, Lahore, Bahawalpur divisions and at isolat
Published 03 Aug, 2014 12:00am
26 LDA officials promoted

26 LDA officials promoted

Departmental Promotion Committee of Lahore Development Authority (LDA) has promoted 26 LDA officials working in grade 16 to grade 17. According to a LDA's spokesperson here on Saturday, the five Sub-Engineer (BS-16) promoted as Assistant Director Engineer
Published 03 Aug, 2014 12:00am
Small coal power plants: LTIA chief lauds Punjab government's initiative

Small coal power plants: LTIA chief lauds Punjab government's initiative

Lahore Township Industries Association (LTIA) Chairman Zaheer Bhutta has welcomed the Punjab government's initiative of setting up small coal power plants near industrial estate and termed it a step in right direction. He said that coal power plants would
Published 03 Aug, 2014 12:00am
Anti-Dengue drive in Lahore: MPAs, MNAs review cleanliness arrangements

Anti-Dengue drive in Lahore: MPAs, MNAs review cleanliness arrangements

District Co-ordination Officer Lahore Captain Muhammad Usman (Retd) along with MNA Malik Pervaiz, MPAs Khawja Imran Nazir, Bao Akhtar and Chaudhry Shahbaz paid a surprise visit to Singhpura graveyard to check cleanliness arrangements in connection with An
Published 03 Aug, 2014 12:00am
Man kills parents in Raiwind

Man kills parents in Raiwind

A man gunned down his parents over a property dispute here on Saturday. According to police, the incident took place at Raiwind where a man, Ahmed resident of village Jiabga, opened fire on his old parents, leaving them dead on the spot. However, there we
Published 03 Aug, 2014 12:00am
'Nawaz leading real march towards progress, prosperity'

'Nawaz leading real march towards progress, prosperity'

Prime Minister's Special Envoy, Ambassador Javed Malik has said that Pakistan's real march towards progress and prosperity has already started under leadership of Prime Minister Nawaz Sharif which aims to make Pakistan an economic power and address the ch
Published 03 Aug, 2014 12:00am
Violation of PPRA rules breeding corruption in CAA, PIA

Violation of PPRA rules breeding corruption in CAA, PIA

Violation of PPRA Rules by Civil Aviation Authority and Pakistan International Airlines is resulting in corruption. The complaints relate to Benazir Bhutto Airport Islamabad, new Islamabad Airport, and Multan Airport, and undue interference of Captain Shu
Published 03 Aug, 2014 12:00am
Joint investigation team to probe Chakdara tragedy

Joint investigation team to probe Chakdara tragedy

KP Chief Minister Pervez Khattak said the provincial government has started high-level investigation into attack on the residence of QWP MPA Bakhtbaidar Khan in Chakdara, district Dir Lower. In a condolence message to QWP legislator, the CM said that a jo
Published 03 Aug, 2014 12:00am
Zarb-e-Azb: three suspected militants killed in NWA

Zarb-e-Azb: three suspected militants killed in NWA

Three suspected militants were killed during the ongoing Zarb-e-Azb operation in Mir Ali Tehsil of North Waziristan Agency on Saturday. According to official sources, security forces killed three suspected militants during the military operation, and a hu
Published 03 Aug, 2014 12:00am
Militants blow up girls' school

Militants blow up girls' school

Suspected militants have blown up a girls' primary school in Mohmand tribal region, officials said on Saturday. They said the explosives were attached to the school at Dandu Pul area of Mohmand agency late Friday. Most parts of the school were destroyed.
Published 03 Aug, 2014 12:00am
Pakistan takes part in snipers competition in Kazakhstan

Pakistan takes part in snipers competition in Kazakhstan

Pakistan has participated in the fifth international competition of snipers in Kazakhstan. Spassk training centre of Kazakhstan hosted the event. During five-day event 40 best snipers from US, UK, Pakistan, Russia, China, Jordan and Kazakhstan took part.
Published 03 Aug, 2014 12:00am
Condolence

Condolence

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the sad demise of sister of Raja Muhammad Farooq Haider Khan, President Pakistan Muslim League-N Azad Jammu & Kashmir and former Prime Minister Azad Kashmir. I
Published 03 Aug, 2014 12:00am
Jashan-e-Azadi walk held in Faisalabad

Jashan-e-Azadi walk held in Faisalabad

Jashan-e-Azadi walk was held on Saturday in connection with the Independence Day celebrations under the auspicious of district administration. The walk was led by MNA Haji Muhammad Akram Ansari, which started from Zila Council Chowk and culminated at Cloc
Published 03 Aug, 2014 12:00am
IDPs' Relief Fund: Shahbaz appeals philanthropists to donate generously

IDPs' Relief Fund: Shahbaz appeals philanthropists to donate generously

Punjab Chief Minister Shahbaz Sharif has said it is our national and religious obligation to provide help and assistance to the people of North Waziristan displaced due to war waged against terrorism. He said Punjab government through a transparent system
Published 03 Aug, 2014 12:00am
PLDDB-trained BITs carry out 448,000 inseminations during two years

PLDDB-trained BITs carry out 448,000 inseminations during two years

Punjab Livestock and Dairy Development Board (PLDDB) trained Breed Improvement Technicians (BITs) has carried out 448,000 inseminations with ear tagging of animals in the province during last two years with the objective of producing animals with higher p
Published 03 Aug, 2014 12:00am
PGMI announces admission schedule

PGMI announces admission schedule

Applications have been invited from candidates for admission in diploma courses and degree programmes at Post Graduate Medical Institute (PGMI) for academic session 2014-2015. The last date for submitting application form is August 20. This was informed b
Published 03 Aug, 2014 12:00am
Government criticised: long holidays hit business activities: MCCI chief

Government criticised: long holidays hit business activities: MCCI chief

President of Multan Chamber of Commerce and Industry (MCCI) Khawaja Muhammad Usman has criticised the government's announcement for seven days Eid holidays in Federal Government and four days in Punjab saying it has badly affected business activities in t
Published 03 Aug, 2014 12:00am
Wattoo criticises invocation of Article 245 in Capital

Wattoo criticises invocation of Article 245 in Capital

President PPP Punjab Manzoor Ahmed Wattoo demanded of the government to withdraw Article 245, as all political parties including civil society have rejected it altogether. He said the situation in Islamabad cannot be different from Quetta and Peshawar but
Published 03 Aug, 2014 12:00am
Azadi march: PTI rejects reports of back door contacts with government

Azadi march: PTI rejects reports of back door contacts with government

Leader of the opposition in the Punjab Assembly Mian Mahmoodur Rashid has said that backdoor contacts are just disinformation and whatever the Pakistan Tehreek-e-Insaf (PTI) leadership takes, including resignations, they will abide by all the decisions of
Published 03 Aug, 2014 12:00am
PCSBIP to be completed in early 2017

PCSBIP to be completed in early 2017

The development work on Pak Pattan Canal and Suleimanki Barrage Improvement Project (PCSBIP) has been started, which will be completed in early 2017, said official sources. Improvement of Suleimanki Barrage will ensure reliable water supply to 1.01 millio
Published 03 Aug, 2014 12:00am
Imran for setting up Azadi March registration camps

Imran for setting up Azadi March registration camps

To mobilise party workers for the Azadi March on August 14, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has asked the provincial leadership to set up registration camps from August 6 to 14 in Punjab. According to a PTI Punjab's spokesperson here on
Published 03 Aug, 2014 12:00am
Independence Day celebration: activities picking up momentum

Independence Day celebration: activities picking up momentum

Activities are picking up momentum throughout the country in connection with celebrations of the Independence Day. National Flag is fluttering atop important public and private buildings as well as homes, shops and transport. At a ceremony held at Jinnah
Published 03 Aug, 2014 12:00am
Mid-term polls' demand by PTI termed childish

Mid-term polls' demand by PTI termed childish

Terming the PTI chief Imran Khan's demand for holding mid-term polls `childish', PML-N's Khyber Pakhtunkhwa chapter's Secretary Information, Nasir Khan Musazai, asked him to first honour his commitment of conducting local bodies' elections in a period of
Published 03 Aug, 2014 12:00am
PTCL introducing next generation 'Charji EVO'

PTCL introducing next generation 'Charji EVO'

Pakistan Telecommunications Company Limited (PTCL) has ushered a new era of technological innovation in the country by introducing the next generation 'Charji EVO' in Pakistan. The new service is an addition to the successful EVO family of products alread
Published 03 Aug, 2014 12:00am
Cement industry: existing units' expansion plans pose risk of price war

Cement industry: existing units' expansion plans pose risk of price war

Injection of additional capacity by way of expansion plans of existing units pose a risk of a price war within the industry. As per analysis of Yawar-uz-Zaman, head of Capital Market in Aba Ali Habib Securities, country already holds surplus capacity of 1
Published 03 Aug, 2014 12:00am
Protest held against murder of two Hindu traders

Protest held against murder of two Hindu traders

Jiey Sindh Qaumi Mahaz and Qaumi Awami Tehrik held a protest demonstration here on Saturday against the murder of two Hindu traders while resisting a robbery attempt. The activists of the nationalist parties led by Ghulam Rasool Khosa, Ayaz Khosa, Asif Ka
Published 03 Aug, 2014 12:00am
SU and all campuses to reopen tomorrow

SU and all campuses to reopen tomorrow

Sindh University (SU) Jamshoro and all SU campuses will reopen on Monday (August 4) after the summer vacations with the commencement of the academic as well as research activities. This was announced by the Registrar of SU, Ghulam Muhammad Bhutto here on
Published 03 Aug, 2014 12:00am
PPP will no longer be 'friendly' opposition: Khurshid

PPP will no longer be 'friendly' opposition: Khurshid

Pakistan People's Party has announced to end its role of `friendly' opposition in the parliament. "We will now act as the opposition and not as the`friendly' opposition that we did in the parliament in order to save parliamentary democracy," Leader of th
Published 03 Aug, 2014 12:00am
New law for fishing demanded: fishermen sail off for deep-sea hunt

New law for fishing demanded: fishermen sail off for deep-sea hunt

With the arrival of new season fishermen begin unmooring their boats to sail off the harbour for deep-sea hunt but feared the fresh voyage after a month halt may not help get bigger catch. They urged the government to abrogate the law banning fishing in J
Published 03 Aug, 2014 12:00am
KCCI criticises poor performance of KMC, KWSB & KE

KCCI criticises poor performance of KMC, KWSB & KE

President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki expressed sheer disappointment over poor performance of Karachi Municipal Corporation (KMC), Karachi Water and Sewerage Board (KWSB) and K-Electric (KE) in rapidly and efficie
Published 03 Aug, 2014 12:00am
Two killed

Two killed

At least two persons were killed and six others injured when a vehicle overturned here on Saturday. Police said the accident took place at Qubo Saeed Khan Road in Larkana where an over speeding vehicle turned turtle. As a result of accident two persons di
Published 03 Aug, 2014 12:00am
20 locomotives from China arrive

20 locomotives from China arrive

The second consignment of the locomotives imported from China reached at Karachi Port on Saturday. A ship carrying the cargo of 20 locomotives from China anchored at Karachi Port. It has been the second consignment of railway engines shipped to Pakistan f
Published 03 Aug, 2014 12:00am
Cop killed in Turbat

Cop killed in Turbat

Unknown armed men shot dead a personnel of Levies force in Balicha area of Turbat district on Saturday. According to Levies force, the victim was on the way to somewhere from his house when armed assailants riding a motorbike opened fire on him and fled f
Published 03 Aug, 2014 12:00am
213 alleged criminals held in Karachi

213 alleged criminals held in Karachi

City police on Saturday claimed to have arrested around 213 alleged criminals in different targeted raids and encounters conducted in various parts of the metropolis during last 24 hours. Police said that 70 raids and three encounters carried out as a par
Published 03 Aug, 2014 12:00am
AG Sindh: NAB asked to take up corruption cases

AG Sindh: NAB asked to take up corruption cases

A mega corruption case which was detected by the Controller General Accounts Sindh in 2011 involving Rs 24.266 billion by AG Sindh, Drawing and Disbursement Officers (DDOs), in connivance with the higher officers bogus payments in 2012, 2013, and other ir
Published 03 Aug, 2014 12:00am
JI chief's decision to quit ministership

JI chief's decision to quit ministership

Apropos 'JI chief quits KP finance minister's post', carried by Business Recorder on July 24, the Amir of Jamaat-i-Islami, Pakistan Sirajul Haq has made the right decision by quitting the office of Senior Minister in Khyber Pakhtunkhwa government.
Published 03 Aug, 2014 12:00am
Ebola: Liberians dying of ignorance, say aid workers

Ebola: Liberians dying of ignorance, say aid workers

It is a sweltering morning in the over-stretched Ebola clinic in the Liberian capital Monrovia, and Kendell Kauffeldt scowls in frustration as a jeep pulls up with a new patient. "It's dangerous to bring cases in private vehicles like this," he chides as
Published 03 Aug, 2014 12:00am
British declaration made European conflict a world war

British declaration made European conflict a world war

At 7:00 pm on August 4, 1914, Sir Edward Goschen, Britain's ambassador to Berlin, went to the foreign office on Wilhelmstrasse and issued London's ultimatum: withdraw from Belgium by midnight, or face war. The lack of response meant that five hours later
Published 03 Aug, 2014 12:00am
Happy monsoon

Happy monsoon

Meteorological reports and data confirms that due to El-Nino effect in the Pacific and the Bay of Bengal, India and Pakistan may have 40% drier monsoon, thus a likelihood of a drought, even Australia will be affected thus they have lowered their wheat pro
Published 03 Aug, 2014 12:00am
General Suhag's 'warning'

General Suhag's 'warning'

The new Indian army chief, General Dalbir Singh Suhag, as gleefully reported by that country's media, issued a stern 'warning' to Pakistan on his very first day in office. Addressing journalists at his inaugural ceremony, he said India's response to any p
Published 03 Aug, 2014 12:00am
China's involvement in Afghan reconciliation

China's involvement in Afghan reconciliation

Notwithstanding their mutual rivalries, all major world powers are at one with each other on the question of restoring peace and stability to Afghanistan. A few days ago, China appointed a seasoned diplomat well-conversant with this region's affairs as fo
Published 03 Aug, 2014 12:00am
Sindh PPP's protest

Sindh PPP's protest

Fourteen months after the PML-N government came to power, promising to ease power shortages, has actually increased loadshedding hours. Grumblings not only in opposition camps but also within the PML-N constituents about the failure to reduce loadshedding
Published 03 Aug, 2014 12:00am
US plans to train, arm Ukraine national guard in 2015

US plans to train, arm Ukraine national guard in 2015

The Obama administration has notified Congress of its plans to train and arm the Ukrainian national guard next year, the Pentagon said on Friday, as Washington continues to intensify its response to Moscow's support for rebels in eastern Ukraine.
Published 03 Aug, 2014 12:00am
US House passes border-security funding bill to speed deportations

US House passes border-security funding bill to speed deportations

Republicans in the US House of Representatives voted on Friday to crack down on Central American migrants, including unaccompanied children, who are flooding to the US border with Mexico, as lawmakers passed a $694 million border security bill. The 223-18
Published 03 Aug, 2014 12:00am
Shelling disrupts MH17 search as experts find more remains

Shelling disrupts MH17 search as experts find more remains

Shelling on Saturday forced international experts to abandon part of the crash scene of the downed Malaysia Airlines jet in east Ukraine as sniffer dogs working elsewhere on the vast site helped uncover the remains of more victims. Seventy Dutch and Austr
Published 03 Aug, 2014 12:00am
New Libyan parliament meets far from city battlegrounds

New Libyan parliament meets far from city battlegrounds

Libya's newly elected House of Representatives held its first session on Saturday, holed up in a heavily guarded provincial hotel as armed factions turned the two biggest cities, Tripoli and Benghazi, into battlefields. Western governments, who have mostl
Published 03 Aug, 2014 12:00am
Russia accuses EU of double standards over Ukraine

Russia accuses EU of double standards over Ukraine

Russia accused the European Union of double standards on Saturday, saying it had lifted a ban on supplying Ukraine with military technology and equipment "on the quiet" but imposed sanctions on Moscow's defence sector. Relations between Moscow and Brussel
Published 03 Aug, 2014 12:00am
Kerry to travel to Myanmar, Australia, Solomon Islands

Kerry to travel to Myanmar, Australia, Solomon Islands

Top US diplomat John Kerry will travel to Myanmar, Australia and the Solomon Islands later this month, the State Department said Saturday. The August 8 to 13 trip will kick off in the Myanmar capital of Naypyitaw on August 9 where Kerry will meet governme
Published 03 Aug, 2014 12:00am
US court authorises Guantanamo groin searches

US court authorises Guantanamo groin searches

A panel of federal judges has upheld a new policy allowing guards at the US "war on terror" prison at Guantanamo Bay, Cuba, to search the groin areas of suspects meeting with their lawyers. The US Court of Appeals for the DC Circuit ruled unanimously on F
Published 03 Aug, 2014 12:00am
France, Germany remember first soldiers killed in WWI

France, Germany remember first soldiers killed in WWI

Descendants of two soldiers from France and Germany who were the first fatalities of World War I gathered in eastern France on Saturday for a ceremony marking the centenary of their deaths. French Lance Corporal Jules-Andre Peugeot and German Sub-Lieutena
Published 03 Aug, 2014 12:00am
Dubai's Emirates suspends flights to Guinea over Ebola

Dubai's Emirates suspends flights to Guinea over Ebola

Dubai's Emirates said it had suspended flights to Guinea over Ebola, becoming the first major international airline to impose a ban in response to the outbreak of the deadly virus in West Africa. Flights would be suspended from Saturday until further noti
Published 03 Aug, 2014 12:00am
UN slams Sri Lanka over deportation of asylum seekers

UN slams Sri Lanka over deportation of asylum seekers

The UN refugee agency accused Sri Lanka on Saturday of failing to respect international law by deporting Afghan and Pakistan refugees before their asylum claims could be assessed. The United Nations High Commissioner for Refugees (UNHCR) said Sri Lankan a
Published 03 Aug, 2014 12:00am
Jihadists seize oilfields in clashes with Iraqi Kurds

Jihadists seize oilfields in clashes with Iraqi Kurds

Islamic State jihadist fighters seized two small oilfields in northern Iraq on Saturday after a fierce battle with Kurdish peshmerga forces, Kurdish officials said. The jihadist attack launched late Friday on the Zumar area, north-west of Mosul, Iraq's se
Published 03 Aug, 2014 12:00am
French roads saturated in mass summer holiday cross-over

French roads saturated in mass summer holiday cross-over

It was bumper-to-bumper on French roads Saturday with hundreds of thousands of motorists either heading off on holiday or returning home, creating a record 915 kilometres (570 miles) of tailbacks, officials said. The snarl-ups on the roads added to chaos
Published 03 Aug, 2014 12:00am
Thousands join pro-Palestinian rallies in France

Thousands join pro-Palestinian rallies in France

Thousands of people took to the streets in several cities across France on Saturday to protest Israel's deadly offensive in the Gaza Strip. "Israel murderer, Hollande partner in crime," shouted demonstrators at a rally in Paris, while others gathered in s
Published 03 Aug, 2014 12:00am
Nepal landslide kills 8

Nepal landslide kills 8

A massive landslide triggered by heavy rains in north-east Nepal on Saturday has killed at least eight people, injured 40, buried dozens of homes and stoked fears of flash floods, officials said. The landslide created a mud dam blocking the Sunkoshi river
Published 03 Aug, 2014 12:00am
Investigation wraps up at Air Algerie crash site

Investigation wraps up at Air Algerie crash site

The investigation at the site in northern Mali of the Air Algerie plane crash has been concluded along with the task of collecting the remains of the dead, French police said on Saturday. Flight AH5017 from Burkina Faso to Algiers crashed in bad weather o
Published 03 Aug, 2014 12:00am
Nato must change to better repel Russian threat: Cameron

Nato must change to better repel Russian threat: Cameron

Nato must overhaul itself to be able to better defend its members from a potential Russian military threat, British Prime Minister David Cameron said on Saturday, He said the US-led Atlantic alliance had to rethink its ties with Moscow because of the Ukra
Published 03 Aug, 2014 12:00am
Jailed Indian tycoon seeks buyers for hotels

Jailed Indian tycoon seeks buyers for hotels

Indian tycoon Subrata Roy, seeking to raise $1.6 billion to win release from jail, has "interested" potential buyers for his iconic foreign properties that include New York's Plaza Hotel, a company official said on Saturday. The Supreme Court on Friday ga
Published 03 Aug, 2014 12:00am
Four dead as gunmen, Lebanon forces clash near Syria

Four dead as gunmen, Lebanon forces clash near Syria

Gunmen killed four people in eastern Lebanon on Saturday, including two soldiers, after clashes erupted following the arrest of a Syrian accused of belonging to a jihadist group. The clashes prompted the Lebanese army to issue a statement pledging "decisi
Published 03 Aug, 2014 12:00am
Prime Minister to discuss key issues with close aides

Prime Minister to discuss key issues with close aides

Prime Minister Nawaz Sharif who is currently at the summer resort, Murree returning tomorrow evening after spending two days will be meeting his close aide, Federal Interior Minister Chaudhry Nisar Ali Khan to discuss the key confronting issues of PTI Aza
Published 03 Aug, 2014 12:00am
Honduras coffee exports jump

Honduras coffee exports jump

Coffee exports from Honduras rose 52 percent in July compared with the same month last year, the country's national coffee institute IHCAFE said on Friday, as exporters seek to lock in stronger returns amid speculation that prices may fall in the near-ter
Published 03 Aug, 2014 12:00am
Black Sea grain exports well positioned despite crisis, sanctions

Black Sea grain exports well positioned despite crisis, sanctions

Russia and Ukraine, both major Black Sea grain exporters, are poised for strong sales campaigns despite political crisis and economic sanctions with their near record harvests set to beat struggling French wheat in key world markets, traders said.
Published 03 Aug, 2014 12:00am
China stockpiling strategic industrial metals

China stockpiling strategic industrial metals

China has bought almost 3,000 tonnes of molybdenum oxide, used to strengthen steel, for the first time in 20 years, helping to support struggling domestic producers squeezed by tight credit conditions, industry sources in Europe and Asia said. It has also
Published 03 Aug, 2014 12:00am
Soyabean, corn, spring wheat ratings seen holding steady

Soyabean, corn, spring wheat ratings seen holding steady

Good-to-excellent ratings for US corn, soyabeans and spring wheat were expected to be unchanged from a week ago, with mild temperatures and good soil moisture fostering crop development around the Midwest, analysts said on Monday. A Reuters poll forecast
Published 03 Aug, 2014 12:00am
Italian coffee maker Massimo Zanetti to list 30 percent in October

Italian coffee maker Massimo Zanetti to list 30 percent in October

Italy's coffee maker Massimo Zanetti Beverages Group (MZB) is sticking to plans to list a 30 percent stake on the market this year, despite the flop of two initial public offerings on the Milan bourse last week, its chairman said on Friday. Italian drug m
Published 03 Aug, 2014 12:00am
Philippines authorises more rice imports for emergency needs

Philippines authorises more rice imports for emergency needs

The Philippines' state grains agency has been authorised to import an additional 500,000 tonnes of rice for emergency needs, President Benigno Aquino said, as the government struggles to bring down record-high prices of the national staple. "The NFA has a
Published 03 Aug, 2014 12:00am
Court appeal to move LME closer to cutting warehouse backlogs

Court appeal to move LME closer to cutting warehouse backlogs

The London Metal Exchange (LME) is likely to move quickly to implement its tough warehousing rules to cut backlogs if it is successful at an appeal hearing this week, metals market sources said. But even if it loses the appeal case against Russian alumini
Published 03 Aug, 2014 12:00am
Goldman Sachs says copper to underperform other base metals

Goldman Sachs says copper to underperform other base metals

Goldman Sachs said it expects copper to underperform other base metal prices over the next 12 months, citing the red metal's heavy exposure to China's property sector, which it expects to remain bearish this year and next. The bank also said copper has en
Published 03 Aug, 2014 12:00am
ICAC ups world cotton stocks outlook, sees growing demand

ICAC ups world cotton stocks outlook, sees growing demand

The International Cotton Advisory Committee (ICAC) on Friday again raised its outlook for record world inventories by the end of the 2014/15 crop year, even as it projected demand to rise sharply as cotton regains market share from synthetic rivals.
Published 03 Aug, 2014 12:00am
US cotton rises on mill buying, short covering

US cotton rises on mill buying, short covering

US cotton futures rose on Friday, as bargain hunting by cotton mills and short-covering by investors lifted the fibre market from a five-year low after three days of declining prices. The most-active December cotton contract on ICE Futures US finished up
Published 03 Aug, 2014 12:00am
Commodity markets mostly fall; crude oil slumps

Commodity markets mostly fall; crude oil slumps

Commodities mostly sank this week, with many hit by sliding equities, demand concerns, ample supplies, geopolitical worries in the Middle East and Ukraine and Argentina's default, dealers said. Star performers coffee and cocoa, however, forged significant
Published 03 Aug, 2014 12:00am
Cement industry: Ministry seeks to collect ST on MRP basis

Cement industry: Ministry seeks to collect ST on MRP basis

The Federal Board of Revenue (FBR) has received post-budget (2014-15) proposals of the Ministry of Industries and Production for setting up two zones for collection of sales tax on cement on the basis of Maximum Retail Price (MRP) across Pakistan; phase-w
Published 03 Aug, 2014 12:00am
Cement industry: Ministry seeks to collect ST on MRP basis

Cement industry: Ministry seeks to collect ST on MRP basis

The Federal Board of Revenue (FBR) has received post-budget (2014-15) proposals of the Ministry of Industries and Production for setting up two zones for collection of sales tax on cement on the basis of Maximum Retail Price (MRP) across Pakistan; phase-w
Published 03 Aug, 2014 12:00am
Cement industry: Ministry seeks to collect ST on MRP basis

Cement industry: Ministry seeks to collect ST on MRP basis

The Federal Board of Revenue (FBR) has received post-budget (2014-15) proposals of the Ministry of Industries and Production for setting up two zones for collection of sales tax on cement on the basis of Maximum Retail Price (MRP) across Pakistan; phase-w
Published 03 Aug, 2014 12:00am
Cement industry: Ministry seeks to collect ST on MRP basis

Cement industry: Ministry seeks to collect ST on MRP basis

The Federal Board of Revenue (FBR) has received post-budget (2014-15) proposals of the Ministry of Industries and Production for setting up two zones for collection of sales tax on cement on the basis of Maximum Retail Price (MRP) across Pakistan; phase-w
Published 03 Aug, 2014 12:00am
China factory explosion kills 68

China factory explosion kills 68

A massive explosion killed 68 people Saturday as it ripped through a factory in eastern China, officials said, as badly burned victims were rushed to local hospitals. The blast in Kunshan, a city in coastal Jiangsu province near Shanghai, also injured 187
Published 03 Aug, 2014 12:00am
China factory explosion kills 68

China factory explosion kills 68

A massive explosion killed 68 people Saturday as it ripped through a factory in eastern China, officials said, as badly burned victims were rushed to local hospitals. The blast in Kunshan, a city in coastal Jiangsu province near Shanghai, also injured 187
Published 03 Aug, 2014 12:00am
US judge orders new talks on Argentina debt dispute

US judge orders new talks on Argentina debt dispute

The US judge presiding over Argentina''''s bitter dispute with two hedge funds left the country stranded in default Friday, ordering it to hold new negotiations and calling for an end to "mistrust." Despite fighting tooth-and-nail, Buenos Aires has been u
Published 03 Aug, 2014 12:00am
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