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Print - 2014-08-06
Literary reference in memory of late Majid Nizami held

Literary reference in memory of late Majid Nizami held

Preston University and Daira Islamabad organised a Literary Reference in honour of late Editor-in-Chief Nawa-e-Waqt Group, Majid Nizami here on Tuesday at the auditorium of Preston University.
Published 06 Aug, 2014 12:00am
Nasim Sadiq visits UVAS

Nasim Sadiq visits UVAS

Newly-appointed Secretary Livestock and Dairy Development Department Punjab Nasim Sadiq visited the University of Veterinary and Animal Sciences (UVAS) Lahore and called on Vice-Chancellor Professor Dr Talat Naseer Pasha on Tuesday. The Vice-Chancellor br
Published 06 Aug, 2014 12:00am
Government urged to purge PGJDC BoD of political appointments

Government urged to purge PGJDC BoD of political appointments

The Regional Standing Committee on Gems & Jewellery, FPCCI, and Gold & Gems Art Promotion Council-Pakistan (GGAPC-Pakistan) in a joint meeting have urged the government to purge the Board of Directors (BOD) of Pakistan Gems & Jewellery Development Company
Published 06 Aug, 2014 12:00am
Qadri, Chaudhrys promoting yellow politics: Rana Arshad

Qadri, Chaudhrys promoting yellow politics: Rana Arshad

Parliamentary Secretary Information & Culture Rana Muhammad Arshad has said that people will foil every conspiracy against democracy with unity as they know that the progress and prosperity of the country is based on mutual love and brotherhood.
Published 06 Aug, 2014 12:00am
LG Electronics' net profit surges by 165 percent in Q2

LG Electronics' net profit surges by 165 percent in Q2

LG Electronics Inc announced a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations. LG reported second-quarter 2014 net profit of KRW 412 billion (USD
Published 06 Aug, 2014 12:00am
LG Electronics' net profit surges by 165 percent in Q2

LG Electronics' net profit surges by 165 percent in Q2

LG Electronics Inc announced a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations. LG reported second-quarter 2014 net profit of KRW 412 billion (USD
Published 06 Aug, 2014 12:00am
Energy supply constraints: textile industry's growth being marred: APTMA

Energy supply constraints: textile industry's growth being marred: APTMA

Central Chairman APTMA Yasin Siddik has said that sustainability and growth of textile industry is being marred by energy supply constraints and liquidity crunch, limiting industrial potential to operate on full scale. He said unfortunately the textile in
Published 06 Aug, 2014 12:00am
Seven fishermen rescued as launch capsizes

Seven fishermen rescued as launch capsizes

At least eight fishermen drowned while seven were rescued alive after a launch capsized here on Tuesday. Rescue sources said that a launch carrying 15 fishermen sank at Warri Crake near Shah Bandar in Thatta. Divers of Pakistan Navy managed to rescue seve
Published 06 Aug, 2014 12:00am
Job regularisation: PLDDD employees stage protest

Job regularisation: PLDDD employees stage protest

Employees of Punjab Livestock and Dairy Development Department (PLDDD) project "Support Service for Livestock Farms" staged a demonstration here on Tuesday to press the provincial government for regularisation of their jobs. They alleged that 800 employee
Published 06 Aug, 2014 12:00am
Segregation of clients' assets Broker fined for violation

Segregation of clients' assets Broker fined for violation

The Securities and Exchange Commission of Pakistan (SECP) has imposed a penalty of Rs 25,000 on a broker of the Karachi Stock Exchange (KSE) for not maintaining segregation of clients' assets and strictly directed brokers to avoid the violation of the Rul
Published 06 Aug, 2014 12:00am
China supports Pakistan's constructive role in regional affairs

China supports Pakistan's constructive role in regional affairs

Chinese ambassador to Pakistan Sun Weidong on Tuesday said China supported Pakistan's greater constructive role in regional and international affairs. Speaking at the opening ceremony of seminar titled "Building China-Pakistan Community of Shared Destiny"
Published 06 Aug, 2014 12:00am
'Every Jawan following in the footsteps of Safwat Ghayur'

'Every Jawan following in the footsteps of Safwat Ghayur'

Additional Inspector General (AIG) of Police Headquarters Mohammad Asif said in the war against terror every Jawan of the force is emulating the footprints of Shaheed Safwat Ghayur. This he said while talking to media persons on the eve of the fourth deat
Published 06 Aug, 2014 12:00am
IRS, PCS officers asked to submit declaration of assets by August 15

IRS, PCS officers asked to submit declaration of assets by August 15

The Federal Board of Revenue (FBR) has directed all the officers of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) to submit their Declaration of Assets for the year ending June 30, 2014 by extended deadline of August 15, 2014. In this re
Published 06 Aug, 2014 12:00am
Ahsan briefs German Ambassador about energy projects

Ahsan briefs German Ambassador about energy projects

Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal met German Ambassador to Pakistan Dr Cyril Nunn here on Tuesday to discuss bilateral ties of Pakistan and Germany. The Ambassador appreciated the economic initiatives undertaken b
Published 06 Aug, 2014 12:00am
PP-97 Gujranwala: Tribunal sets aside election results

PP-97 Gujranwala: Tribunal sets aside election results

An election tribunal here on Tuesday setting aside election results of 33 polling stations in constituency of PP-97, Gujranwala, directed Election Commission for re-elections in the said polling stations within the stipulated time. Pakistan Muslim League
Published 06 Aug, 2014 12:00am
Rs 73.6 million fraud: NAB Rawalpindi arrests government contractor

Rs 73.6 million fraud: NAB Rawalpindi arrests government contractor

NAB Rawalpindi has arrested an accused Javed Iqbal Abbasi involved in corruption and corrupt practices through embezzlement in government funds. The accused was a government contractor with Ministry of Defense Production, who with malafide intention manip
Published 06 Aug, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (August 05, 2014) and the forecast for Wednesday (August 06, 2014).

Published 06 Aug, 2014 12:00am
16 killed as van plunges into gorge

16 killed as van plunges into gorge

At least 16 persons were killed and eight others injured when a passenger van plunged into a deep gorge here on Tuesday. Rescue sources said the accident took place in Chotial area of Abbaspur in Azad Jammu and Kashmir (AJK) where a passenger van coming f
Published 06 Aug, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
New two-tier ST regime for retailers: tax experts seek FBR clarification

New two-tier ST regime for retailers: tax experts seek FBR clarification

The retailers' operating under the turnover sales tax scheme or retail outlets/shops in commercial buildings without having centrally air-condition facility or not part of shopping plazas are not fully apprehending the new sales tax registration regime in
Published 06 Aug, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Aug, 2014 12:00am
British minister Sayeeda Warsi resigns over Gaza policy

British minister Sayeeda Warsi resigns over Gaza policy

A British minister who was the first Muslim to sit in the cabinet resigned on Tuesday over the government's "morally indefensible" policy on Gaza. The decision by Baroness Sayeeda Warsi, a minister at the Foreign Office and for faith and communities, heap
Published 06 Aug, 2014 12:00am
Message from Mr. Emil Wyss Consulate General of Switzerland in Karachi

Message from Mr. Emil Wyss Consulate General of Switzerland in Karachi

At the outset I wish to thank all Pakistanis for extending their congratulations for the National Day. I was touched to receive so many well appreciated gestures of friendship. Of all the places I have been to and all the people I have met so far, Pakista
Published 06 Aug, 2014 12:00am
The Swiss economy

The Swiss economy

Switzerland's economy is based on a highly qualified labour force performing highly skilled work. The main areas include microtechnology, hitech, biotechnology and pharmaceuticals, as well as banking and insurance know-how. The service sector now employs
Published 06 Aug, 2014 12:00am
HABIB METROPOLITAN BANK LIMITED - Stay ahead with HABIBMETRO!

HABIB METROPOLITAN BANK LIMITED - Stay ahead with HABIBMETRO!

Habib Metropolitan Bank was incorporated in Pakistan as a Public Listed Company in 1992 under the name, Metropolitan Bank Limited. The Bank commenced, duly licensed, full scheduled commercial-banking operations in October 1992.
Published 06 Aug, 2014 12:00am
One nation: diverse voices and diverse cultures

One nation: diverse voices and diverse cultures

What do the famous typeface Helvetica, the laid-back riffs of Sophie Hunger, the award-winning novel "The Truth about the Harry Quebert Affair", the stunning architecture of the Peking National Stadium, the satirical sketches by cartoonist Mix & Remix, an
Published 06 Aug, 2014 12:00am
The Swiss education system

The Swiss education system

Switzerland has a largely decentralised education system. Most decisions on the running of primary and secondary schools are taken at cantonal level. It is also the cantons which provide the bulk of the financing. Switzerland does not have a federal minis
Published 06 Aug, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 06 Aug, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 06 Aug, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 06 Aug, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 06 Aug, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 06 Aug, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Government faces tough time in National Assembly

Government faces tough time in National Assembly

The government came under severe criticism in the National Assembly after the opposition termed invocation of Article 245 a 'mini martial law'. The opposition leader, Syed Khurshid Shah, who opened a discussion on Article 245 in the National Assembly on T
Published 06 Aug, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Government faces tough time in National Assembly

Government faces tough time in National Assembly

The government came under severe criticism in the National Assembly after the opposition termed invocation of Article 245 a 'mini martial law'. The opposition leader, Syed Khurshid Shah, who opened a discussion on Article 245 in the National Assembly on T
Published 06 Aug, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Pakistan faces governance challenges: World Bank

Pakistan faces governance challenges: World Bank

Pakistan still faces significant governance challenges that could hamper policies to reduce poverty and spur economic growth, while the energy sector is in serious crisis, facing high cost and inefficiency that make it hard to finance investments, the Wor
Published 06 Aug, 2014 12:00am
Pakistan faces governance challenges: World Bank

Pakistan faces governance challenges: World Bank

Pakistan still faces significant governance challenges that could hamper policies to reduce poverty and spur economic growth, while the energy sector is in serious crisis, facing high cost and inefficiency that make it hard to finance investments, the Wor
Published 06 Aug, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Pakistan faces governance challenges: World Bank

Pakistan faces governance challenges: World Bank

Pakistan still faces significant governance challenges that could hamper policies to reduce poverty and spur economic growth, while the energy sector is in serious crisis, facing high cost and inefficiency that make it hard to finance investments, the Wor
Published 06 Aug, 2014 12:00am
Petitions filed under Article 199 declared maintainable

Petitions filed under Article 199 declared maintainable

The Islamabad High Court (IHC) on Tuesday declared that petitions filed under Article 199 of the constitution are maintainable despite invocation of Article 245 of the Constitution. A single-member bench of Justice Atharminallah while hearing objections r
Published 06 Aug, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 05, 2014).
Published 06 Aug, 2014 12:00am
Petitions filed under Article 199 declared maintainable

Petitions filed under Article 199 declared maintainable

The Islamabad High Court (IHC) on Tuesday declared that petitions filed under Article 199 of the constitution are maintainable despite invocation of Article 245 of the Constitution. A single-member bench of Justice Atharminallah while hearing objections r
Published 06 Aug, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Government banking on PPP: Zardari speaks to Imran, Siraj

Government banking on PPP: Zardari speaks to Imran, Siraj

Prime Minister Nawaz Sharif on Tuesday reportedly spent a busy day to discuss the current political situation with his key allies and leader of the opposition. In over two-hour-long talks with leader of the opposition in the National Assembly Syed Khurshi
Published 06 Aug, 2014 12:00am
Government banking on PPP: Zardari speaks to Imran, Siraj

Government banking on PPP: Zardari speaks to Imran, Siraj

Prime Minister Nawaz Sharif on Tuesday reportedly spent a busy day to discuss the current political situation with his key allies and leader of the opposition. In over two-hour-long talks with leader of the opposition in the National Assembly Syed Khurshi
Published 06 Aug, 2014 12:00am
MQM leaders to meet Nawaz today

MQM leaders to meet Nawaz today

The federal government has contacted Muttahida Qaumi Movement and formally invited its leaders to meett Prime Minister Nawaz Sharif In a statement issued from London Secretariat, it has been stated that the federal government has contacted MQM and invited
Published 06 Aug, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
MQM leaders to meet Nawaz today

MQM leaders to meet Nawaz today

The federal government has contacted Muttahida Qaumi Movement and formally invited its leaders to meett Prime Minister Nawaz Sharif In a statement issued from London Secretariat, it has been stated that the federal government has contacted MQM and invited
Published 06 Aug, 2014 12:00am
India lashes WTO, defends decision on failed trade deal

India lashes WTO, defends decision on failed trade deal

India defended on Tuesday its scuttling of a landmark world-wide trade deal, saying it needed to take a tough stand at the WTO to ensure survival of its impoverished farmers. Trade Minister Nirmala Sitharaman also lashed out at the World Trade Organisatio
Published 06 Aug, 2014 12:00am
India lashes WTO, defends decision on failed trade deal

India lashes WTO, defends decision on failed trade deal

India defended on Tuesday its scuttling of a landmark world-wide trade deal, saying it needed to take a tough stand at the WTO to ensure survival of its impoverished farmers. Trade Minister Nirmala Sitharaman also lashed out at the World Trade Organisatio
Published 06 Aug, 2014 12:00am
India lashes WTO, defends decision on failed trade deal

India lashes WTO, defends decision on failed trade deal

India defended on Tuesday its scuttling of a landmark world-wide trade deal, saying it needed to take a tough stand at the WTO to ensure survival of its impoverished farmers. Trade Minister Nirmala Sitharaman also lashed out at the World Trade Organisatio
Published 06 Aug, 2014 12:00am
Afghan soldier guns down US general in Kabul

Afghan soldier guns down US general in Kabul

An Afghan soldier shot dead a US general on Tuesday at an army training centre in Kabul - the highest-ranking American officer to be killed since the September 11, 2001 attacks. The shooting, which left more than a dozen other soldiers including a senior
Published 06 Aug, 2014 12:00am
Afghan soldier guns down US general in Kabul

Afghan soldier guns down US general in Kabul

An Afghan soldier shot dead a US general on Tuesday at an army training centre in Kabul - the highest-ranking American officer to be killed since the September 11, 2001 attacks. The shooting, which left more than a dozen other soldiers including a senior
Published 06 Aug, 2014 12:00am
30 militants killed in North Waziristan military operation

30 militants killed in North Waziristan military operation

Military on Tuesday said it had bombed six rebel hideouts in a north-western district where it has been carrying out an operation since June, killing 30 suspected militants. The air strikes targeted hideouts in Dattakhel, Marsikhel and Kamsham areas of th
Published 06 Aug, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
30 militants killed in North Waziristan military operation

30 militants killed in North Waziristan military operation

Military on Tuesday said it had bombed six rebel hideouts in a north-western district where it has been carrying out an operation since June, killing 30 suspected militants. The air strikes targeted hideouts in Dattakhel, Marsikhel and Kamsham areas of th
Published 06 Aug, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Pakistan again demands handing over of Fazlullah

Pakistan again demands handing over of Fazlullah

Pakistan on Monday once again demanded handing over of Tehreek-e-Taliban Pakistan Chief Molvi Fazlullah from Afghanistan. Talking to media persons here, Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz said that the terrorist attacks from Afgh
Published 06 Aug, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (August 05, 2014).

Published 06 Aug, 2014 12:00am
Pakistan again demands handing over of Fazlullah

Pakistan again demands handing over of Fazlullah

Pakistan on Monday once again demanded handing over of Tehreek-e-Taliban Pakistan Chief Molvi Fazlullah from Afghanistan. Talking to media persons here, Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz said that the terrorist attacks from Afgh
Published 06 Aug, 2014 12:00am
Obsolete power system: Ministry not aware of funding requirements

Obsolete power system: Ministry not aware of funding requirements

Ministry of Water and Power is unaware of the precise funding requirements for revamping the obsolete transmission and distribution system which, according to Secretary Water and Power, Nargis Sethi, is unable to endure load beyond 15,000 MW. On August 5,
Published 06 Aug, 2014 12:00am
Obsolete power system: Ministry not aware of funding requirements

Obsolete power system: Ministry not aware of funding requirements

Ministry of Water and Power is unaware of the precise funding requirements for revamping the obsolete transmission and distribution system which, according to Secretary Water and Power, Nargis Sethi, is unable to endure load beyond 15,000 MW. On August 5,
Published 06 Aug, 2014 12:00am
Obsolete power system: Ministry not aware of funding requirements

Obsolete power system: Ministry not aware of funding requirements

Ministry of Water and Power is unaware of the precise funding requirements for revamping the obsolete transmission and distribution system which, according to Secretary Water and Power, Nargis Sethi, is unable to endure load beyond 15,000 MW. On August 5,
Published 06 Aug, 2014 12:00am
Ecclestone relieved at bribery trial deal

Ecclestone relieved at bribery trial deal

Bernie Ecclestone says he is relieved to be back running Formula One but feels "a bit of an idiot" after settling his bribery trial in Germany on Tuesday. The 83-year-old F1 supremo was back at his desk in London hours after walking out of the court in Mu
Published 06 Aug, 2014 12:00am
Ecclestone relieved at bribery trial deal

Ecclestone relieved at bribery trial deal

Bernie Ecclestone says he is relieved to be back running Formula One but feels "a bit of an idiot" after settling his bribery trial in Germany on Tuesday. The 83-year-old F1 supremo was back at his desk in London hours after walking out of the court in Mu
Published 06 Aug, 2014 12:00am
Ecclestone relieved at bribery trial deal

Ecclestone relieved at bribery trial deal

Bernie Ecclestone says he is relieved to be back running Formula One but feels "a bit of an idiot" after settling his bribery trial in Germany on Tuesday. The 83-year-old F1 supremo was back at his desk in London hours after walking out of the court in Mu
Published 06 Aug, 2014 12:00am
Gaza truce holds, officials travel to Cairo for talks

Gaza truce holds, officials travel to Cairo for talks

A 72-hour truce took root Tuesday in Gaza, as Israeli and Palestinian delegations travelled to Cairo to try to extend the cease-fire and families picked through the debris of war. The guns fell silent after 29 days of fighting, bringing relief to millions
Published 06 Aug, 2014 12:00am