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Print - 2014-08-04
Ecclestone 'heading for $100 million deal' in F1 bribe case

Ecclestone 'heading for $100 million deal' in F1 bribe case

Formula One tycoon Bernie Ecclestone is heading for a $100 million settlement to halt his bribery trial in Germany, local media reported at the weekend. The 83-year-old Briton upped his offer to secure a deal, according to reports which said if it goes ah
Published 04 Aug, 2014 12:00am
Obama says corporate America has benefited from his policies

Obama says corporate America has benefited from his policies

President Barack Obama said corporate America has done well under his economic policies, telling the Economist magazine that CEOs should stop complaining about regulations and show greater social responsibility.
Published 04 Aug, 2014 12:00am
Bitcoin catches on in tech-savvy Romania

Bitcoin catches on in tech-savvy Romania

In a well-lit office with red window frames in downtown Bucharest, Romania's first bitcoin ATM attracts many who until it opened in May had to buy or sell the digital currency face-to-face or through wire transfers. The interest in bitcoin in Romania stan
Published 04 Aug, 2014 12:00am
Dollar's index finger points to higher greenback

Dollar's index finger points to higher greenback

The dollar, already riding high against other major currencies, may rise further as economic and geopolitical factors coalesce with a supportive technical picture to underpin broad demand for the greenback. The Federal Open Market Committee will release i
Published 04 Aug, 2014 12:00am
Tokyo investors eye BoJ meet, forex markets

Tokyo investors eye BoJ meet, forex markets

Tokyo investors will be looking to a Bank of Japan policy meeting next week and more corporate earnings, after a slate of negative news took a toll on global markets. On Friday, Tokyo stocks closed down 0.63 percent following a sell-off on Wall Street, bu
Published 04 Aug, 2014 12:00am
Hong Kong Exchange Fund assets higher

Hong Kong Exchange Fund assets higher

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,071.0 billion ($396.26 billion) at the end of June, the Hong Kong Monetary Authority (HKMA) said on Thursday. The figure was HK$50.8 billion higher than the total at th
Published 04 Aug, 2014 12:00am
Hong Kong Exchange Fund assets higher

Hong Kong Exchange Fund assets higher

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,071.0 billion ($396.26 billion) at the end of June, the Hong Kong Monetary Authority (HKMA) said on Thursday. The figure was HK$50.8 billion higher than the total at th
Published 04 Aug, 2014 12:00am
Singapore to launch market reforms, sets minimum trading price

Singapore to launch market reforms, sets minimum trading price

Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday. After a three-month public consultation process that ended on May 2, the Monetary Au
Published 04 Aug, 2014 12:00am
Singapore to launch market reforms, sets minimum trading price

Singapore to launch market reforms, sets minimum trading price

Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday. After a three-month public consultation process that ended on May 2, the Monetary Au
Published 04 Aug, 2014 12:00am
Ghana ends ban on dollar imports

Ghana ends ban on dollar imports

Ghana said on Tuesday it had ended a ban on commercial banks importing dollars in a bid to prop up its ailing cedi currency and said it planned to press ahead with a $1.5 billion Eurobond next month if market conditions were favourable.
Published 04 Aug, 2014 12:00am
Russia's eye-catching rebound fades

Russia's eye-catching rebound fades

Russian credit prices were volatile at the end of a week that saw a further round of sanctions from the US and EU, as well as a court ruling on Yukos Oil that said Moscow had to stump up US$50 billion to its former shareholders as compensation for appropr
Published 04 Aug, 2014 12:00am
Saudi index continues uptrend; Aldar weighs on Abu Dhabi

Saudi index continues uptrend; Aldar weighs on Abu Dhabi

Saudi Arabia's stock market continued rising on Sunday as it reacted to last month's news that it would open to direct foreign investment. Most other Middle East markets moved little in modest trade as investors returned from long Eid holidays.
Published 04 Aug, 2014 12:00am
Celebrities join battle to stop Faroe Islands dolphin 'grind'

Celebrities join battle to stop Faroe Islands dolphin 'grind'

Celebrities and animal lovers from around the world are flocking to the Faroe Islands in a bid to stop a controversial dolphin hunt that activists describe as an "archaic mass slaughter". Actress Pamela Anderson, who arrived on the remote North Atlantic a
Published 04 Aug, 2014 12:00am
Civilians hit in Ukraine fighting as MH17 probe gathers pace

Civilians hit in Ukraine fighting as MH17 probe gathers pace

Fighting between government forces and pro-Russian rebels left at least 10 civilians dead in eastern Ukraine Sunday, as international experts pushed on with their grim hunt for remains at the crash site of downed flight MH17.
Published 04 Aug, 2014 12:00am
British navy evacuates nationals from Libya

British navy evacuates nationals from Libya

A British navy ship evacuated British nationals from Libya on Sunday, the defence ministry said, as worsening security there is forcing thousands to flee. The HMS Enterprise, which had been on a Mediterranean deployment, evacuated 110 people, mostly Briti
Published 04 Aug, 2014 12:00am
Palestinians give Egypt mediators Gaza truce demands

Palestinians give Egypt mediators Gaza truce demands

A Palestinian delegation including Hamas agreed joint demands Sunday to present to Egyptian mediators in Cairo for a truce with Israel, including an end to the Gaza blockade, officials said. The delegation, which includes members of president Mahmud Abbas
Published 04 Aug, 2014 12:00am
Erdogan holds mass election rally in Istanbul

Erdogan holds mass election rally in Istanbul

Tens of thousands of supporters of Turkish Prime Minister Recep Tayyip Erdogan on Sunday massed in Istanbul for his last big rally in Turkey's largest city one week ahead of presidential elections. Erdogan is widely expected to win the elections to become
Published 04 Aug, 2014 12:00am
32 dead in regime air raids near Damascus: NGO

32 dead in regime air raids near Damascus: NGO

At least 32 people were killed in Syrian regime air raids on two rebel-held towns near Damascus on Sunday, a monitoring group said. Syrian Observatory for Human Rights head Rami Abdel Rahman said 17 people were killed in Douma, north-east of the capital,
Published 04 Aug, 2014 12:00am
Eurovision human rights campaigner arrested in Azerbaijan

Eurovision human rights campaigner arrested in Azerbaijan

A prominent human rights campaigner in ex-Soviet Azerbaijan has been arrested and charged with economic crimes amid a new crackdown on dissidents, his lawyer said on Sunday. A court in the capital Baku on Saturday ordered that Rasul Jafarov be held for th
Published 04 Aug, 2014 12:00am
Australia queries 'moral responsibility' over abandoned Down's baby

Australia queries 'moral responsibility' over abandoned Down's baby

Australia's Immigration Minister Scott Morrison said Sunday a question of "moral responsibility" should determine the fate of a baby born with Down Syndrome, reportedly abandoned by an Australian couple with its surrogate mother in Thailand.
Published 04 Aug, 2014 12:00am
'No hope' of survivors in deadly Nepal landslide

'No hope' of survivors in deadly Nepal landslide

Rescuers on Sunday ruled out finding any more survivors of a landslide in north-east Nepal feared to have buried at least 100 people under tonnes of mud and rocks. Nine bodies have been pulled from the rubble after the landslide caused by heavy monsoon ra
Published 04 Aug, 2014 12:00am
India landslide death toll climbs to 92

India landslide death toll climbs to 92

Rescue workers Sunday discovered more bodies in the mud and debris of a devastating landslide in western India, taking the confirmed death toll to 92, an official said. With dozens more villagers still missing, rescue workers kept up their grim search for
Published 04 Aug, 2014 12:00am
Japan's naming of disputed islands a 'farce' says China

Japan's naming of disputed islands a 'farce' says China

China's state media on Sunday slammed Japan's move to name islands at the edge of its territorial waters claimed by Beijing as a "farce", saying they already had Chinese names. Tokyo on Friday named 160 uninhabited islands in the East China Sea which incl
Published 04 Aug, 2014 12:00am
Bilawal congratulates Pakistani boxer

Bilawal congratulates Pakistani boxer

Bilawal Bhutto Zardari, Patron-in-Chief, Pakistan People's Party has congratulated Pakistani boxer Mohammad Waseem on winning silver medal in Commonwealth Games held in Glasgow. In his message, Bilawal said it was the matter of pleasure that Pakistani box
Published 04 Aug, 2014 12:00am
Beach tragedy: fishermen stopped from going to sea

Beach tragedy: fishermen stopped from going to sea

Sindh government authorities have stopped fishermen from going to the sea on Sunday due to rough sea. According to reports, all routes to Karachi's Clifton Beach and Do Darya have been sealed off. The Pakistan Coast Guard and police are stopping people fr
Published 04 Aug, 2014 12:00am
India planning to make a new Gaza out of Kashmir: Geelani

India planning to make a new Gaza out of Kashmir: Geelani

Veteran Hurriyet leader Syed Ali Geelani has said that India is imitating the Israeli policies in Kashmir and is planning to make a new Gaza out of Kashmir. "They want to make Kashmiris strangers in their own land like Palestinians and they have begun to
Published 04 Aug, 2014 12:00am
Many city areas faced loadshedding during Eid holidays

Many city areas faced loadshedding during Eid holidays

K-Electric (KE) failed to honour its commitment of not carrying out load-shedding during Eid holidays as different parts of the city were either subjected to prolonged load-shedding or experienced power outages of longer duration. Complaints of heavy powe
Published 04 Aug, 2014 12:00am
Ansar Burney condemns politicians for ignoring Pakistanis stuck in Libya

Ansar Burney condemns politicians for ignoring Pakistanis stuck in Libya

Chairman, Ansar Burney Trust International, Ansar Burney, has strongly condemned Pakistani politicians, who are busy in pulling each other's legs and doing dirty politics ignoring the 18,000 Pakistanis who were living and working in Libya including 175 il
Published 04 Aug, 2014 12:00am
Parachanar sit-ins continue for sixth day

Parachanar sit-ins continue for sixth day

The tribesmen continued to stage sit-ins at different places for the sixth consecutive day in support of their demands. The agitating tribesmen are demanding that the political administration be changed, 36 arrested tribesmen be released and order to expe
Published 04 Aug, 2014 12:00am
JI to organise 'Gaza Million March' on August 17

JI to organise 'Gaza Million March' on August 17

Jamaat-i-Islami (JI) Karachi chapter has announced to organise a "Gaza Million March" on August 17 at Shara-e-Faisal from Baloch Colony to the FTC. The decision was made during a meeting of the office bearers of the JI Karachi held at Idara-e-Noor Haq on
Published 04 Aug, 2014 12:00am
Preparations to celebrate Independence Day begin gaining momentum

Preparations to celebrate Independence Day begin gaining momentum

Like elsewhere in the country, preparations to celebrate the 68th Independence Day of Pakistan are in full swing in Khyber Pakhtunkhwa and Federally Administered Tribal Areas (FATA). As only 11-days days left in Jashn-e-Azadi, the people belonging to ever
Published 04 Aug, 2014 12:00am
Third A320 aircraft to be included in PIA's fleet in October

Third A320 aircraft to be included in PIA's fleet in October

Pakistan International Airlines (PIA) will include the third latest technology fuel efficient A320 aircraft in its fleet in October this year. According to official sources, the national flag carrier has already received the delivery of two A320 aircraft
Published 04 Aug, 2014 12:00am
Intelligence agency officer among four killed in Karachi

Intelligence agency officer among four killed in Karachi

Four people including an intelligence agency's officer and a pray caller were killed in separate incidents of violence, here on Sunday. According to police and rescue sources, Amir Azhar, 30, son of Mohammad Ali Azhar was shot and killed by unknown person
Published 04 Aug, 2014 12:00am
Death of former Deputy Speaker condoled

Death of former Deputy Speaker condoled

Sardar Ayaz Sadiq, Speaker and Murtaza Javed Abbasi, Deputy Speaker National Assembly of Pakistan have condoled the death of Former Deputy Speaker Ms Ashraf Khatoon Abbasi. In their separate condolence messages to her sons Dr Safdar Ali Abbasi and Munawar
Published 04 Aug, 2014 12:00am
KP chief minister takes notice of boat capsizing

KP chief minister takes notice of boat capsizing

KP Chief Minister Pervez Khattak has expressed profound grief and sorrow over the drowning of several members of the same family in board capsize incident in River Kabul near Nowshera and has called for inquiry report with immediate effect. However, he al
Published 04 Aug, 2014 12:00am
Last Crown Prince of Swat state passes away

Last Crown Prince of Swat state passes away

Last Crown Prince of the former state of Swat and former Governor, KP and Balochistan, Prince Miangul Aurangzeb has been passed away. He was 86. The funeral prayers of late Miangul Aurangzeb were offered at Saidu Sharif, Swat. Besides, Advisor to Prime Mi
Published 04 Aug, 2014 12:00am
Celebrations commence in South Punjab

Celebrations commence in South Punjab

Punjab Minister for Jails Chaudhry Abdul Waheed Arain has said that Independence Day celebrations have commenced with great enthusiasm in South Punjab. The PML-N leaders, workers and citizens have planned comprehensive programmes to mark the event of nati
Published 04 Aug, 2014 12:00am
Abid Sher lays floral wreath at martyrs' graves

Abid Sher lays floral wreath at martyrs' graves

In connection with the Independence Day celebrations, State Minister for Water & Power Chaudhry Abid Sher Ali laid floral wreath on the graves of martyrs of Pak Army and police at Ghulam Muhammadabad graveyard. MNA Haji Akram Ansari, MPA Mian Tahir Jamil,
Published 04 Aug, 2014 12:00am
Independence day celebrations: colourful events begin at Murree

Independence day celebrations: colourful events begin at Murree

Provincial Minister for Labour and Manpower and Head of Independence Day Celebrations Committee in Punjab Raja Ashfaq Sarwar has said that colourful programmes of independence celebrations have started at Murree. He said that PML-N leaders and workers are
Published 04 Aug, 2014 12:00am
'ANP not to support any unconstitutional move'

'ANP not to support any unconstitutional move'

Awami National Party (ANP) Sindh President Senator Shahi Syed has said that his party will not support any attempt to topple a democratically-elected government through unconstitutional means. Talking to APP, he said that all political parties had street
Published 04 Aug, 2014 12:00am
Plan to improve basmati seed varieties under way

Plan to improve basmati seed varieties under way

Punjab Agricultural Research Board, Rice Research Institute, Kala Shah Kaku; National Institute for Biotechnology and Genetic Engineering; Nuclear Institute for Agriculture and biology; basmati rice farmers; private service providers; and the Internationa
Published 04 Aug, 2014 12:00am
Qadri wants to create chaos in country: Mashhood

Qadri wants to create chaos in country: Mashhood

Provincial Minister for Law, Rana Mashhood Ahmed Khan has said that the address style of Maulana Tahir-ul-Qadri reflects his moral bankruptcy and such a person should get himself examined psychologically from any Hospital of Canada.
Published 04 Aug, 2014 12:00am
JI won't participate in any movement: Hafiz

JI won't participate in any movement: Hafiz

Deputy Chief of the Jamaat-i-Islami, Hafiz Muhammad Idrees, has said that the JI wanted the government to complete its term but the rulers were creating problems for themselves due to their imprudence. In a statement here, he said that Prime Minister Nawa
Published 04 Aug, 2014 12:00am
Government is afraid of PTI rally: Khursheed

Government is afraid of PTI rally: Khursheed

Leader of the Opposition in National Assembly Syed Khursheed Ahmad Shah has said that the federal government should inform whether it is scared of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan's rally on August 14. Shah said that deploying military i
Published 04 Aug, 2014 12:00am
KP assembly dissolution: JI, AJI reject PTI's proposal

KP assembly dissolution: JI, AJI reject PTI's proposal

Two major coalition partners of PTI led provincial government Jamaat-i-Islami (JI) and Awami Jamhoori Itehad (AJI) has outrightly rejected the proposal of the dissolution of Khyber Pakhtunkhwa government. The coalition partners of PTI have expressed a una
Published 04 Aug, 2014 12:00am
Gilani sees no threat to democracy

Gilani sees no threat to democracy

Former Prime Minister and senior leader of Pakistan People's Party (PPP) Syed Yousuf Raza Gilani has said that gradual changes are taking place in the politics of the country but there is no threat to democracy. In an interview with private TV channel on
Published 04 Aug, 2014 12:00am
No room for protest politics in country: Shahbaz

No room for protest politics in country: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that there is no room for protest politics in the country and only such a long march is needed as is aimed at progress and prosperity of the masses. He said that Pakistan is on the road to progress an
Published 04 Aug, 2014 12:00am
Imran will be responsible in case of any terror act: minister

Imran will be responsible in case of any terror act: minister

Federal Minister for Information and Broadcasting Pervez Rashid said on Sunday that Imran Khan would be responsible in case of an incident of terrorism on August 14. Speaking to media persons in Rawalpindi after a flag-hoisting ceremony in connection with
Published 04 Aug, 2014 12:00am
Malik advises Nawaz to call APC

Malik advises Nawaz to call APC

Pakistan People's Party (PPP) Senator Rehman Malik has said that Prime Minister Nawaz Sharif should call an All-Parties Conference (APC) to calm the heated political atmosphere of the country. Speaking to a private news channel, he said that holding peace
Published 04 Aug, 2014 12:00am
Qadri wants back door power grab: JUI-F

Qadri wants back door power grab: JUI-F

JUI-F spokesman Jan Achakzai has said that Dr Tahirul Qadri being a Canadian national could not morally lead a revolution in Pakistan when he was under the oath to Queen Elizabeth so the nation wanted to know when he will become qualified loyal subject of
Published 04 Aug, 2014 12:00am
Israel spied on Kerry during peace talks: report

Israel spied on Kerry during peace talks: report

Israel eavesdropped on US Secretary of State John Kerry during doomed peace talks with the Palestinians last year, German news weekly Der Spiegel reported Sunday. The article said the Israelis and at least one other secret service listened in on Kerry's c
Published 04 Aug, 2014 12:00am
Israel spied on Kerry during peace talks: report

Israel spied on Kerry during peace talks: report

Israel eavesdropped on US Secretary of State John Kerry during doomed peace talks with the Palestinians last year, German news weekly Der Spiegel reported Sunday. The article said the Israelis and at least one other secret service listened in on Kerry's c
Published 04 Aug, 2014 12:00am
Modi in Nepal to deepen energy, trade ties

Modi in Nepal to deepen energy, trade ties

India Prime Minister Narendra Modi on Sunday sought to secure energy deals with Nepal at the start of a visit aimed at boosting New Delhi''s influence in a neighbourhood increasingly wooed by Beijing. In an address to Nepal''s parliament, Modi announced $
Published 04 Aug, 2014 12:00am
Modi in Nepal to deepen energy, trade ties

Modi in Nepal to deepen energy, trade ties

India Prime Minister Narendra Modi on Sunday sought to secure energy deals with Nepal at the start of a visit aimed at boosting New Delhi's influence in a neighbourhood increasingly wooed by Beijing. In an address to Nepal's parliament, Modi announced $1
Published 04 Aug, 2014 12:00am
Modi in Nepal to deepen energy, trade ties

Modi in Nepal to deepen energy, trade ties

India Prime Minister Narendra Modi on Sunday sought to secure energy deals with Nepal at the start of a visit aimed at boosting New Delhi's influence in a neighbourhood increasingly wooed by Beijing. In an address to Nepal's parliament, Modi announced $1
Published 04 Aug, 2014 12:00am
Britain's fugitive drug baron captured in South Africa

Britain's fugitive drug baron captured in South Africa

Police in South Africa have arrested a British fugitive drugs dealer and convicted fraudster who has been on the run for three years, police announced Sunday. Martin Evans, 52, from Swansea in Wales, was captured Saturday in Johannesburg. He will appear i
Published 04 Aug, 2014 12:00am
Britain's fugitive drug baron captured in South Africa

Britain's fugitive drug baron captured in South Africa

Police in South Africa have arrested a British fugitive drugs dealer and convicted fraudster who has been on the run for three years, police announced Sunday. Martin Evans, 52, from Swansea in Wales, was captured Saturday in Johannesburg. He will appear i
Published 04 Aug, 2014 12:00am
10 Lebanon troops dead, 13 missing in clashes with militants

10 Lebanon troops dead, 13 missing in clashes with militants

Lebanese troops battled militants near the Syrian border Sunday in a second day of clashes that the army chief said left 10 soldiers dead and 13 missing, possibly held hostage. Militants fired heavy machineguns and mortar rounds at troops in the Arsal are
Published 04 Aug, 2014 12:00am
10 Lebanon troops dead, 13 missing in clashes with militants

10 Lebanon troops dead, 13 missing in clashes with militants

Lebanese troops battled militants near the Syrian border Sunday in a second day of clashes that the army chief said left 10 soldiers dead and 13 missing, possibly held hostage. Militants fired heavy machineguns and mortar rounds at troops in the Arsal are
Published 04 Aug, 2014 12:00am
Libya evacuations gather pace as Tripoli clashes kill 22

Libya evacuations gather pace as Tripoli clashes kill 22

The exodus of foreigners from Libya gathered pace Sunday as the government said at least 22 people were killed in clashes in Tripoli and warned of a "worsening humanitarian situation". Thousands of Egyptians seeking to flee the strife-torn North African c
Published 04 Aug, 2014 12:00am
Libya evacuations gather pace as Tripoli clashes kill 22

Libya evacuations gather pace as Tripoli clashes kill 22

The exodus of foreigners from Libya gathered pace Sunday as the government said at least 22 people were killed in clashes in Tripoli and warned of a "worsening humanitarian situation". Thousands of Egyptians seeking to flee the strife-torn North African c
Published 04 Aug, 2014 12:00am
French and German leaders pay emotional tribute to WWI fallen

French and German leaders pay emotional tribute to WWI fallen

French President Francois Hollande and his German counterpart Joachim Gauck paid emotional tributes Sunday to the millions of soldiers who died during World War I, exactly 100 years after Germany declared hostilities against France. The two leaders gather
Published 04 Aug, 2014 12:00am
French and German leaders pay emotional tribute to WWI fallen

French and German leaders pay emotional tribute to WWI fallen

French President Francois Hollande and his German counterpart Joachim Gauck paid emotional tributes Sunday to the millions of soldiers who died during World War I, exactly 100 years after Germany declared hostilities against France. The two leaders gather
Published 04 Aug, 2014 12:00am
Two die, hundreds are evacuated in Bulgaria floods

Two die, hundreds are evacuated in Bulgaria floods

Two people drowned and 900 were evacuated from their homes as flooding caused by torrential rains hit north-western Bulgaria, the latest in a string of such disasters since June, the interior ministry said on Sunday. Over 800 residents of the town of Mizi
Published 04 Aug, 2014 12:00am
Two die, hundreds are evacuated in Bulgaria floods

Two die, hundreds are evacuated in Bulgaria floods

Two people drowned and 900 were evacuated from their homes as flooding caused by torrential rains hit north-western Bulgaria, the latest in a string of such disasters since June, the interior ministry said on Sunday. Over 800 residents of the town of Mizi
Published 04 Aug, 2014 12:00am
Iran jails academic for crimes against regime

Iran jails academic for crimes against regime

A well-known Iranian academic who had a death sentence overturned a decade ago has been convicted and sentenced to a year in jail for spreading propaganda against the regime. No other details of pro-reform activist Hashem Aghajari's offences were mentione
Published 04 Aug, 2014 12:00am
Iran jails academic for crimes against regime

Iran jails academic for crimes against regime

A well-known Iranian academic who had a death sentence overturned a decade ago has been convicted and sentenced to a year in jail for spreading propaganda against the regime. No other details of pro-reform activist Hashem Aghajari's offences were mentione
Published 04 Aug, 2014 12:00am
EU sanctions force Aeroflot to suspend low-cost airline

EU sanctions force Aeroflot to suspend low-cost airline

EU sanctions targeting Russia over its role in Ukraine''s conflict have hit Aeroflot''s low-cost domestic airline Dobrolet, forcing it to cancel all its flights because of scrapped leasing deals for Boeing aircraft. Dobrolet said in a statement on its web
Published 04 Aug, 2014 12:00am
EU sanctions force Aeroflot to suspend low-cost airline

EU sanctions force Aeroflot to suspend low-cost airline

EU sanctions targeting Russia over its role in Ukraine's conflict have hit Aeroflot's low-cost domestic airline Dobrolet, forcing it to cancel all its flights because of scrapped leasing deals for Boeing aircraft. Dobrolet said in a statement on its websi
Published 04 Aug, 2014 12:00am
EU sanctions force Aeroflot to suspend low-cost airline

EU sanctions force Aeroflot to suspend low-cost airline

EU sanctions targeting Russia over its role in Ukraine's conflict have hit Aeroflot's low-cost domestic airline Dobrolet, forcing it to cancel all its flights because of scrapped leasing deals for Boeing aircraft. Dobrolet said in a statement on its websi
Published 04 Aug, 2014 12:00am
Thousands in rare Istanbul rally for Kurdish candidate

Thousands in rare Istanbul rally for Kurdish candidate

Thousands of people on Sunday turned out for a mass rally in support of the Kurdish candidate in Turkey's presidential elections, in a rare large-scale show of Kurdish nationalism in the centre of Istanbul. Some 10,000 people rallied by the shores of the
Published 04 Aug, 2014 12:00am
Thousands in rare Istanbul rally for Kurdish candidate

Thousands in rare Istanbul rally for Kurdish candidate

Thousands of people on Sunday turned out for a mass rally in support of the Kurdish candidate in Turkey's presidential elections, in a rare large-scale show of Kurdish nationalism in the centre of Istanbul. Some 10,000 people rallied by the shores of the
Published 04 Aug, 2014 12:00am
'Azadi March': Imran vows to end Sharifs' 'monarchy'

'Azadi March': Imran vows to end Sharifs' 'monarchy'

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Sunday vowed to end what he said Sharif family's monarchy in the country through his party's 'Azadi march' scheduled for August 14. Speaking at a PTI workers convention in Lahore, he said the PTI sit-in i
Published 04 Aug, 2014 12:00am
'Azadi March': Imran vows to end Sharifs' 'monarchy'

'Azadi March': Imran vows to end Sharifs' 'monarchy'

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Sunday vowed to end what he said Sharif family's monarchy in the country through his party's 'Azadi march' scheduled for August 14. Speaking at a PTI workers convention in Lahore, he said the PTI sit-in i
Published 04 Aug, 2014 12:00am
Nawaz seeing to dismiss Imran's threat

Nawaz seeing to dismiss Imran's threat

Reiterating his stance of resolving issues through talks, Prime Minister Nawaz Sharif on Sunday night ruled out that his government is under threat by the Pakistan Tehreek-e-Insaf's (PTI) 'million march' on Islamabad scheduled for August 14. According to
Published 04 Aug, 2014 12:00am
Nawaz seeing to dismiss Imran's threat

Nawaz seeing to dismiss Imran's threat

Reiterating his stance of resolving issues through talks, Prime Minister Nawaz Sharif on Sunday night ruled out that his government is under threat by the Pakistan Tehreek-e-Insaf's (PTI) 'million march' on Islamabad scheduled for August 14. According to
Published 04 Aug, 2014 12:00am
Cheaper fuel-based energy projects required

Cheaper fuel-based energy projects required

Finance Minister Senator Ishaq Dar has emphasised the need for an integrated plan for the long term to bring down the electricity cost and overcome the country''s immediate and future energy needs. He said this while chairing a meeting on Pakistan Power S
Published 04 Aug, 2014 12:00am
Cheaper fuel-based energy projects required

Cheaper fuel-based energy projects required

Finance Minister Senator Ishaq Dar has emphasised the need for an integrated plan for the long term to bring down the electricity cost and overcome the country's immediate and future energy needs. He said this while chairing a meeting on Pakistan Power Se
Published 04 Aug, 2014 12:00am
Cheaper fuel-based energy projects required

Cheaper fuel-based energy projects required

Finance Minister Senator Ishaq Dar has emphasised the need for an integrated plan for the long term to bring down the electricity cost and overcome the country's immediate and future energy needs. He said this while chairing a meeting on Pakistan Power Se
Published 04 Aug, 2014 12:00am
PML-N government won't remain in power by month-end: Qadri

PML-N government won't remain in power by month-end: Qadri

Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has said that the Pakistan Muslim League-Nawaz (PML-N) government will not remain in power by the end of current month. "A 'revolution' will come at all costs," overwhelmed Qadri roared in the applause o
Published 04 Aug, 2014 12:00am
PML-N government won't remain in power by month-end: Qadri

PML-N government won't remain in power by month-end: Qadri

Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has said that the Pakistan Muslim League-Nawaz (PML-N) government will not remain in power by the end of current month. "A 'revolution' will come at all costs," overwhelmed Qadri roared in the applause o
Published 04 Aug, 2014 12:00am
Index draws to a bearish close

Index draws to a bearish close

Karachi stock market closed lower on one-day trading week due to Eid holidays ended on July 28, 2014. Due to political uncertainty, the share market closed bearish and the benchmark KSE-100 index dipped by 160.68 points to close at 30,314.07 points compar
Published 04 Aug, 2014 12:00am
Index draws to a bearish close

Index draws to a bearish close

Karachi stock market closed lower on one-day trading week due to Eid holidays ended on July 28, 2014. Due to political uncertainty, the share market closed bearish and the benchmark KSE-100 index dipped by 160.68 points to close at 30,314.07 points compar
Published 04 Aug, 2014 12:00am
Index draws to a bearish close

Index draws to a bearish close

Karachi stock market closed lower on one-day trading week due to Eid holidays ended on July 28, 2014. Due to political uncertainty, the share market closed bearish and the benchmark KSE-100 index dipped by 160.68 points to close at 30,314.07 points compar
Published 04 Aug, 2014 12:00am
Feedstock gas subsidy to TSML: Ministry sets aside its own agreement

Feedstock gas subsidy to TSML: Ministry sets aside its own agreement

Ministry of Industries and Production (MoI&P) is said to have set aside its own seven-year old unusual agreement to extend Rs 25 billion financial benefit to M/s Tuwairqi Steel Mills Limited (TSML) in five years in the form of subsidy in feedstock gas, we
Published 04 Aug, 2014 12:00am
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