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Print - 2014-08-08
Portugal cuts state bailout for BES to 3.9 billion euros

Portugal cuts state bailout for BES to 3.9 billion euros

Lisbon will cut its bailout for stricken Portuguese lender Banco Espirito Santo to 3.9 billion euros thanks to contributions from the financial sector, Finance Minister Maria Luis Albuquerque said Thursday. The state had initially pledged 4.4 billion euro
Published 08 Aug, 2014 12:00am
Global growth to slow as populations age: Moody's

Global growth to slow as populations age: Moody's

As populations age around the world, economies will be held back and growth trends will slow sharply in the next 20 years, a report forecast on Thursday. The mismatch of old people to the numbers of people at work is no longer a shadow only over advanced
Published 08 Aug, 2014 12:00am
BoE keeps rates at record low

BoE keeps rates at record low

The Bank of England kept interest rates at their record low on Thursday, giving Britain's fast economic recovery more time to build even as differences among its policymakers become more apparent. The BoE's Monetary Policy Committee left Bank Rate at 0.5
Published 08 Aug, 2014 12:00am
Foreign ownership in Indonesian government bonds hits record high

Foreign ownership in Indonesian government bonds hits record high

Foreign ownership in Indonesian government bonds reached a record high this week, according to data from the finance ministry, as Southeast Asia's largest economy benefits from an increasing flow of global funds to emerging markets. The data showed foreig
Published 08 Aug, 2014 12:00am
Foreign ownership in Indonesian government bonds hits record high

Foreign ownership in Indonesian government bonds hits record high

Foreign ownership in Indonesian government bonds reached a record high this week, according to data from the finance ministry, as Southeast Asia's largest economy benefits from an increasing flow of global funds to emerging markets. The data showed foreig
Published 08 Aug, 2014 12:00am
Saudi, Egypt bourses continue powering ahead

Saudi, Egypt bourses continue powering ahead

The Saudi Arabian and Egyptian stock markets continued strong uptrends on Thursday, while other bourses in the Gulf were generally quiet because of a lack of fresh catalysts and a soft global market tone. The main Saudi index rose for a ninth straight day
Published 08 Aug, 2014 12:00am
Indian shares remain lower

Indian shares remain lower

India's NSE index fell for a second consecutive session on Thursday to its lowest close in nearly a week as IT outsourcers such as Infosys fell after global rival Cognizant cut its annual revenue guidance. Falls also tracked lower global shares as a Russi
Published 08 Aug, 2014 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks closed 0.48 percent higher on Thursday as late bargain-hunting dragged the Japanese market out of negative territory and snapped a five-day losing streak. The Nikkei 225 index rose 72.58 points to finish at 15,232.37, while the Topix index of
Published 08 Aug, 2014 12:00am
Thursday's midday trade: stocks fall in choppy trading

Thursday's midday trade: stocks fall in choppy trading

US stocks fell in choppy trading on Thursday as a sanctions confrontation between Russia and the West kept traders eager to cash any gains. The S&P 500 had risen as much as 0.45 percent on the back of some strong earnings and a surprise tick lower in appl
Published 08 Aug, 2014 12:00am
Wall Street ends near flat

Wall Street ends near flat

Major US stock indexes ended little changed on Wednesday, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer staples shares. An initial selloff took the S&P 500 to its 100-day moving average, but by
Published 08 Aug, 2014 12:00am
Treasuries climb

Treasuries climb

US Treasuries prices got a strong lift on Wednesday from rising tensions over Ukraine that stung global financial markets but they ended with just modest gains as Wall Street steadied after a selloff. Benchmark 10-year notes, whose yield struck a two-mont
Published 08 Aug, 2014 12:00am
Treasuries climb

Treasuries climb

US Treasuries prices got a strong lift on Wednesday from rising tensions over Ukraine that stung global financial markets but they ended with just modest gains as Wall Street steadied after a selloff. Benchmark 10-year notes, whose yield struck a two-mont
Published 08 Aug, 2014 12:00am
Australian shares near three-week low

Australian shares near three-week low

Australian shares dipped 0.1 percent on Thursday as an unexpectedly weak employment report hit the confidence of investors already cautious over increasing tensions in Ukraine, though gains in resource stocks limited the day's losses. World No 2 miner Rio
Published 08 Aug, 2014 12:00am
Hong Kong, China stocks down

Hong Kong, China stocks down

Hong Kong stocks ended 0.80 percent down on Thursday, as concerns over the European economy and international conflicts grew. The benchmark Hang Seng Index fell 196.57 points to 24,387.56 at the close. Traders said sentiment had been hit by fears over Eur
Published 08 Aug, 2014 12:00am
European shares hit by Lisbon losses, Russia tensions

European shares hit by Lisbon losses, Russia tensions

Concerns about Portugal's banking system and tensions between Western powers and Russia pulled down European stock markets on Thursday. The European Central Bank kept its main interest rate at a record low 0.15 percent, but the decision had been widely ex
Published 08 Aug, 2014 12:00am
Sri Lankan stocks near three-year high

Sri Lankan stocks near three-year high

Sri Lankan stocks gained more than 1 percent on Thursday, hovering near a three-year closing high, led by large caps as indications of a cut in key policy rates by the central bank governor helped investors shift to riskier assets. The main stock index ga
Published 08 Aug, 2014 12:00am
Southeast Asian markets: range-bound amid foreign outflows

Southeast Asian markets: range-bound amid foreign outflows

Stocks in the Philippines and Indonesia eked out small gains on Thursday helped by selective buying in large caps such as Globe Telecoms but the region saw more outflows as investors in Asia flocked to safe haven assets due to rising global risks. Foreign
Published 08 Aug, 2014 12:00am
FTSE falls again, led by Coca-Cola HBC

FTSE falls again, led by Coca-Cola HBC

Britain's top shares slipped again on Thursday after sobering results from insurance companies and from bottler Coca-Cola HBC. The world's No 2 bottler of Coca-Cola drinks, sank 5.3 percent after warning that volumes would fall for the rest of the year, c
Published 08 Aug, 2014 12:00am
Yen sags against dollar in Asia

Yen sags against dollar in Asia

The yen sagged against the dollar on Thursday, coming under pressure on news Japan's Government Pension Investment Fund (GPIF) plans to increase its allocation to domestic equities. The dollar rose 0.3 percent to 102.40 yen, pulling away from a 1-1/2 week
Published 08 Aug, 2014 12:00am
Yen slips, euro holds steady in London

Yen slips, euro holds steady in London

The yen sagged on Thursday on news that Japan's public pension fund plans to increase its allocation to the domestic stock market, while the euro held steady as investors awaited details of the European Central Bank's latest outlook on policy. The dollar
Published 08 Aug, 2014 12:00am
Early trade in New York: euro drops after ECB holds rates unchanged

Early trade in New York: euro drops after ECB holds rates unchanged

The euro weakened on Thursday, undermined by the European Central Bank's saying it would leave interest rates unchanged at record lows and that the fragile economic recovery will keep the loose policy in place for an extended period. The ECB's decision wa
Published 08 Aug, 2014 12:00am
Dollar falls in New York

Dollar falls in New York

The US dollar slipped on Wednesday, recoiling from a nine-month high against the euro in thin volumes that traders and analysts said exaggerated a round of profit taking. In the last six weeks, the dollar has been on a tear, racking up gains on the back o
Published 08 Aug, 2014 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.48-77.50 (previous 77.50-77.50). Call Money Rates: 06.00-08.00 percent (* previous 05.25-08.00 percent). (*revised).
Published 08 Aug, 2014 12:00am
Indian rupee rebounds

Indian rupee rebounds

The Indian rupee recovered after hitting a near five-month low on Thursday, aided by dollar sales by the central bank, but movements in other Asian currencies and the global geo-political situation will remain key to its movement in the near-term. The Res
Published 08 Aug, 2014 12:00am
Most emerging Asian currencies slip

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Thursday as growing tensions over Ukraine and surprisingly weak Australia's job data hurt risk sentiment, while the Chinese yuan extended gains, helping units in Northeast Asia pare some losses. The Philippine peso h
Published 08 Aug, 2014 12:00am
Sterling gains against euro

Sterling gains against euro

Sterling inched up against the euro on Thursday after European Central Bank President Mario Draghi said fundamentals favoured a weaker euro and stressed the effect of geopolitical tensions on the euro zone. Speaking after a meeting where the central bank
Published 08 Aug, 2014 12:00am
Australia dollar dips

Australia dollar dips

The Australia dollar tumbled on Thursday after a surprisingly weak jobs report cast doubt on market perceptions the Reserve Bank of Australia was done cutting rates. The Australian dollar slipped more than half a cent to $0.9283, nearing a two-month troug
Published 08 Aug, 2014 12:00am
Westwood shares PGA lead

Westwood shares PGA lead

Britain's Lee Westwood birdied his last four holes, the final stroke a masterful 40-foot birdie putt, to grab a share of the first-round lead Thursday at the PGA Championship. The 41-year-old Englishman, eight times a top-three finisher in a major but yet
Published 08 Aug, 2014 12:00am
Dooley freezes out rebel Philippine players

Dooley freezes out rebel Philippine players

American coach Thomas Dooley on Thursday kicked out a European-based mainstay of the Philippines' national football team and left the future of two other players in doubt following a highly public social media spat. Midfielder Stephan Schrock and fellow m
Published 08 Aug, 2014 12:00am
Serena, Sharapova and Kerber advance in Montreal

Serena, Sharapova and Kerber advance in Montreal

Even a rain delay barely slowed defending champion Serena Williams in her 6-0, 6-2 progress past Samantha Stosur Wednesday at the WTA hardcourt tournament at Montreal. Williams, the world number one and top seed, had seized the first set and they were kno
Published 08 Aug, 2014 12:00am
Lorenzo signs new two-year Yamaha deal

Lorenzo signs new two-year Yamaha deal

Former double world champion Jorge Lorenzo on Thursday signed a new two-year deal with Yamaha which will keep him at the team until 2016. The 27-year-old Spaniard joins team-mate Valentino Rossi in committing himself to Yamaha after the veteran Italian al
Published 08 Aug, 2014 12:00am
Israel stripped of Davis Cup home tie

Israel stripped of Davis Cup home tie

Israel will not be allowed to stage the Davis Cup World Group tie against Argentina in Tel Aviv in September because of the conflict between Israel and Hamas, tournament chiefs said Thursday. The tie, set for September 12-14 at the Nokia Arena in Tel Aviv
Published 08 Aug, 2014 12:00am
David Luiz focused on PSG future after World Cup trauma

David Luiz focused on PSG future after World Cup trauma

Brazil defender David Luiz insisted he was over his World Cup heartbreak as he was unveiled as a new Paris Saint-Germain player at a plush hotel in the French capital on Thursday. "The days immediately after were very difficult. Obviously when you fail to
Published 08 Aug, 2014 12:00am
Petition targets Italy football federation hopeful

Petition targets Italy football federation hopeful

Tens of thousands of people have signed a petition calling for scandal-plagued Carlo Tavecchio to step down as a candidate for president of the Italian football federation over his racist remarks. "We have already gathered 26,600 signatures which will be
Published 08 Aug, 2014 12:00am
Broad leads England rout of India

Broad leads England rout of India

Stuart Broad took six wickets as India were bowled out for just 152 before tea on the first day of the fourth Test against England at Old Trafford on Thursday. Broad finished with figures of six for 25 in 13.4 overs, his third-best innings return in Tests
Published 08 Aug, 2014 12:00am
Pakistan take charge of Galle Test

Pakistan take charge of Galle Test

Younis Khan smashed 177 during a valiant fightback with the lower order batsmen as Pakistan gained the upper hand in the first Test against Sri Lanka in Galle on Thursday. Khan, who came in to bat at 19-2 on the first morning, anchored the innings admirab
Published 08 Aug, 2014 12:00am
Switzerland urges revision of European asylum rules

Switzerland urges revision of European asylum rules

A growing flood of migrants arriving in southern Europe is raising questions about the continent's system for dealing with asylum seekers, Swiss Justice Minister Simonetta Sommaruga said Thursday. The Dublin Convention, which requires migrants to claim as
Published 08 Aug, 2014 12:00am
Prince William returning to the skies

Prince William returning to the skies

Britain's Prince William is to get back behind the controls of a helicopter and become an air ambulance pilot, his office announced on Thursday. William, the Duke of Cambridge, is to be based in at Cambridge airport, responding to emergencies ranging from
Published 08 Aug, 2014 12:00am
Ebola sparks states of emergency across west Africa

Ebola sparks states of emergency across west Africa

Overwhelmed west African nations called states of emergency on Thursday with the death toll from the Ebola epidemic nearing 1,000, as the World Health Organisation considers global travel restrictions to halt its spread. Soldiers in Liberia's Grand Cape M
Published 08 Aug, 2014 12:00am
Indonesian girl swept away by 2004 tsunami reunited with parents

Indonesian girl swept away by 2004 tsunami reunited with parents

An Indonesian girl swept away by the devastating 2004 tsunami has been reunited with her family a decade after she was given up for dead, her mother said Thursday. "God has given us a miracle," said Jamaliah, the mother of Raudhatul Jannah, who went missi
Published 08 Aug, 2014 12:00am
UN tells DR Congo rebels to disarm or face military action

UN tells DR Congo rebels to disarm or face military action

The UN mission chief in the Democratic Republic of Congo on Thursday warned the last remaining rebel group in the east to lay down arms or face military action. The FDLR, a Rwandan Hutu militia that includes perpetrators of the 1994 genocide of Tutsis, ha
Published 08 Aug, 2014 12:00am
Argentina sues US at top UN court over debt

Argentina sues US at top UN court over debt

Argentina on Thursday sought to haul the United States before the UN's highest court, accusing Washington of breaching its sovereignty after a US judge blocked the country from servicing its restructured debt. "The Argentine Republic filed today... a docu
Published 08 Aug, 2014 12:00am
Argentina sues US at top UN court over debt

Argentina sues US at top UN court over debt

Argentina on Thursday sought to haul the United States before the UN's highest court, accusing Washington of breaching its sovereignty after a US judge blocked the country from servicing its restructured debt. "The Argentine Republic filed today... a docu
Published 08 Aug, 2014 12:00am
Canada military jet lifts supplies to Ukraine

Canada military jet lifts supplies to Ukraine

A military transport jumbo jet departed a Canadian base Thursday, carrying non-lethal military equipment to help Ukrainian troops secure their border with Russia. The shipment is in response to "Russian expansionism and militarism in eastern Ukraine," Pri
Published 08 Aug, 2014 12:00am
Fighter jet shot down over rebel-held east Ukraine

Fighter jet shot down over rebel-held east Ukraine

A Ukranian fighter jet tumbled to earth in a fireball Thursday after it was blasted out of the air while flying low over rebel-held territory in the east of the country. An AFP crew saw the Sukhoi warplane explode in mid-air and the parachute of at least
Published 08 Aug, 2014 12:00am
Egypt frees Mubarak regime symbol on bail

Egypt frees Mubarak regime symbol on bail

An Egyptian court on Thursday released on bail Ahmed Ezz, a steel tycoon seen as the symbol of corruption during the era of ousted dictator Hosni Mubarak, judicial sources said. Ezz, the secretary general of Mubarak's now dissolved National Democratic Par
Published 08 Aug, 2014 12:00am
Norway salmon hit hard by Russia sanctions

Norway salmon hit hard by Russia sanctions

Norwegian Salmon producers, including the world leader Marine Harvest, felt the brunt of sanctions imposed by Russia on agricultural goods from Europe on Thursday as their share prices plummeted on the Oslo Stock Exchange. Russia has been Norway's biggest
Published 08 Aug, 2014 12:00am
Nato chief urges Russia pull-back

Nato chief urges Russia pull-back

Nato chief Anders Fogh Rasmussen urged Russia to "step back from the brink" during a visit to Kiev on Thursday and vowed support for Ukraine as fears mounted that Moscow was preparing to send troops into the conflict-torn east of the country. His visit ca
Published 08 Aug, 2014 12:00am
Islamic State storm one of last Syria army bases in Raqqa

Islamic State storm one of last Syria army bases in Raqqa

Islamic State militants stormed one of the Syrian government's last outposts in the northern province of Raqqa in an overnight attack and battled troops holed up in the area on Thursday, killing dozens of soldiers, activists said. A monitoring group said
Published 08 Aug, 2014 12:00am
Government should refrain from abusing state power: Altaf

Government should refrain from abusing state power: Altaf

MQM Chief Altaf Hussain on Thursday expressed deep concern over the police action of cordoning off Dr Tahirul Qadri's residence in Model Town area of Lahore. The government did not learn any lesson from the Model Town tragedy, it seems, said Altaf.
Published 08 Aug, 2014 12:00am
'Uncertified' sugar being sold in market

'Uncertified' sugar being sold in market

Local sugar mills were continuously selling `uncertified' sugar in the market merely to save Pakistan Standard and Quality Control Authority's (PSQCA) lab testing and licensing fees, ranging between Rs 5,000 and Rs 10,000, posing health hazards to consume
Published 08 Aug, 2014 12:00am
BC constable kills colleague

BC constable kills colleague

Personnel of the Balochistan Constabulary (BC) shot dead his colleague constable on Zarghoon Road near Governor House, Thursday. Police sources told APP that BC constable Jhangir opened fire at Constable Abdul Aziz after they exchanged harsh words over a
Published 08 Aug, 2014 12:00am
Mufti Hassaan joins DIB Pakistan as head of Shari'a

Mufti Hassaan joins DIB Pakistan as head of Shari'a

Dubai Islamic Bank Pakistan (DIBPL) has appointed Mufti Muhammad Hassaan Kaleem as the Bank's new country head of Shari'a. Mufti Hassaan has also been appointed a member of the bank's Shari'a Board by the Board of Directors of DIBPL, subject to approval o
Published 08 Aug, 2014 12:00am
Pakistan's foreign exchange reserves fall by $33.7 million

Pakistan's foreign exchange reserves fall by $33.7 million

The country's total liquid foreign exchange reserves fell by $33.7 million during the last week. According to the State Bank of Pakistan's weekly forex report issued on Thursday, Pakistan's total liquid foreign exchange reserves stood at $14.307 billion a
Published 08 Aug, 2014 12:00am
Cop among 11 hurt in Chaman blast

Cop among 11 hurt in Chaman blast

At least 11 people including a police cop and a woman were injured in a blast targeting the police convoy in Chaman Qilla Abdullah district of Balochistan on early hours of Thursday. The act of subversion was executed near the house of Additional Deputy C
Published 08 Aug, 2014 12:00am
'Innocent protestors' are defaulters: KE

'Innocent protestors' are defaulters: KE

K-Electric categorically rejected the perception that is being created that due to immense power outages people of different areas have resorted to protests, road blocks and at some locations violence. In its press statement KE has come out saying that KE
Published 08 Aug, 2014 12:00am
MC (South) uses political clout to hush up probe

MC (South) uses political clout to hush up probe

Municipal Commissioner (MC) (South), Muhammad Raisi, whose cases of alleged malpractices are reportedly being probed by National Accountability Bureau (NAB) and Anti-Corruption Establishment (ACE), has reportedly flown to Islamabad to use his clout in PPP
Published 08 Aug, 2014 12:00am
Leather goods' export increases by 11 percent to $621.52 million

Leather goods' export increases by 11 percent to $621.52 million

Pakistan's overall export of leather goods has posted an increase of 11 per cent to $621.520 million in the just concluded fiscal year 2013-14, an official statistics say. During the last fiscal year 2013-14, the country's export of leather goods went up
Published 08 Aug, 2014 12:00am
Clarification

Clarification

Apropos a news item "Lab tests confirm substandard: TCP rejects sugar stocks of two mills," carried by Business Recorder on June 17, 2014, Pattoki Sugar Mills (Pvt) Limited and Baba Farid Sugar Mills have clarified that they are producers of premiu
Published 08 Aug, 2014 12:00am
Honda honoured with two PakWheels Car Awards

Honda honoured with two PakWheels Car Awards

Honda Atlas Cars (Pakistan) Ltd is pleased to announce that it has been privileged with two major automotive awards this year , Car of the Year" and "Most Fuel Efficient Car " announced by "Pak Wheels", the most popular automotive website of Pakistan.
Published 08 Aug, 2014 12:00am
Partly Facetious: That's not celebration!

Partly Facetious: That's not celebration!

"Do you remember the PML-N said that they would celebrate the Independence Day the entire month of August so my question is, considering that a week of the month has already passed, where are these celebrations being held?"
Published 08 Aug, 2014 12:00am
Supreme Court restores Hanjra's National Assembly membership

Supreme Court restores Hanjra's National Assembly membership

The Supreme Court on Thursday restored National Assembly membership of Sultan Mehmood Hanjra who belongs to the ruling Pakistan Muslim League Nawaz (PML-N). A two-member bench of the apex court headed by chief Justice Nasir-ul-Mulk heard a writ petition f
Published 08 Aug, 2014 12:00am
OGDCL's employees donate Rs 14.7 million to IDPs

OGDCL's employees donate Rs 14.7 million to IDPs

Oil & Gas Development Company Limited (OGDCL) has announced donation of one day's salary of officers and staff amounting Rs 14.7 million in the Prime Minister Nawaz Sharif Relief Fund for internally displaced persons (IDPs) in North Waziristan Agency. OGD
Published 08 Aug, 2014 12:00am
Electoral reforms body to examine ECP recommendations

Electoral reforms body to examine ECP recommendations

The special parliamentary committee on electoral reforms would take up a set of recommendations prepared by Election Commission of Pakistan (ECP) including barring candidates from contesting from more than one constituency or else bear the cost of the ens
Published 08 Aug, 2014 12:00am
Outlook for Pakistan economy marked by uncertainties

Outlook for Pakistan economy marked by uncertainties

The Institute for Policy Reforms (IPR) has undertaken a review of the performance of the economy in 2013-14 and projected the economic outlook for 2014-15. According to the report, the year 2013-14, has ended with a mixed performance. On the positive side
Published 08 Aug, 2014 12:00am
Two FC men killed in Turbat ambush

Two FC men killed in Turbat ambush

Unidentified armed men ambushed a convoy of Frontier Constabulary in Turbat district of Balochistan killing at least two security men and injuring six others on Thursday. According to sources, unknown miscreants ambushed a security convoy of FC in Nasirab
Published 08 Aug, 2014 12:00am
Air Marshal Sohail Gul appointed Vice Chief of Air Staff

Air Marshal Sohail Gul appointed Vice Chief of Air Staff

Air Marshal Sohail Gul Khan has been appointed Vice Chief of the Air Staff, Pakistan Air Force (PAF) here on Thursday. According to PAF Directorate of Media Affairs, the government has issued the notification regarding the appointment. Air Marshal Sohail
Published 08 Aug, 2014 12:00am
Challenging business conditions SCB income, profits for 1HCY14 lower

Challenging business conditions SCB income, profits for 1HCY14 lower

As guided in the June pre-close statement, the first half of 2014 was challenging. Negative sentiment towards emerging markets impacted the financial markets business, whilst the Group faced continuing challenges in Korea. As a result, income fell 5 perce
Published 08 Aug, 2014 12:00am
All Pakistan Inter-University Declamation Contest being held

All Pakistan Inter-University Declamation Contest being held

An All Pakistan Inter-University Declamation Contest is being held under the theme of "Quaid Ka Pakistan" with the aim to highlight the matters related to Pakistan's economic resources and its economic development. Male and female students from all univer
Published 08 Aug, 2014 12:00am
Domestic debt, other liabilities hit record Rs 11 trillion mark

Domestic debt, other liabilities hit record Rs 11 trillion mark

The federal government's domestic debt and liabilities continue to rise on the back of massive borrowing for reducing fiscal deficit, reaching Rs 11 trillion at the end of last fiscal year (FY14). According to State Bank of Pakistan (SBP), the government'
Published 08 Aug, 2014 12:00am
Four-day Swat Tourists' Gala kicks off in Kalam Valley

Four-day Swat Tourists' Gala kicks off in Kalam Valley

Four-day colourful Swat Tourists Gala has been started in Kalam Valley and a large number of tourists from across the country have thronged the tourists' attractive district of Khyber Pakhtunhwa. The Tourists' Gala inaugurated by KP Governor Sardar Mahtab
Published 08 Aug, 2014 12:00am
Mobile, bike snatching cases on the rise in Gulistan-e-Johar

Mobile, bike snatching cases on the rise in Gulistan-e-Johar

Officials of Pakistan Standards and Quality Control Authority's (PSQCA's) Laboratory are nowadays highly perturbed over increasing incidents of street crimes in the vicinity of their Gulistan-e-Johar's office. According to the PSQCA's officials, the incid
Published 08 Aug, 2014 12:00am
Efforts on to overcome gas theft incidents: SSGC chief

Efforts on to overcome gas theft incidents: SSGC chief

Sui Southern Gas Company's (SSGC) Chairman Miftah Ismail has said that the SSGC was making all possible efforts to overcome incidents of gas theft. The SSGC chief was talking to a representative delegation of industrial associations which met him to discu
Published 08 Aug, 2014 12:00am
Woman among four killed in city violence

Woman among four killed in city violence

At least four people including a woman were killed in separate incidents of violence, here on Wednesday. According to police and rescue sources, two persons Taufeeq and Arif were shot and killed by unknown persons near Garden police station. SHO Imdad Ali
Published 08 Aug, 2014 12:00am
SRB collects Rs 3.23 billion of ST in July

SRB collects Rs 3.23 billion of ST in July

Sindh Revenue Board (SRB) achieved another milestone by collecting Sindh sales tax of Rs 3.236 billion during July 2014, which represents the highest-ever collection during any July of the previous three years since SRB started collecting this tax from Ju
Published 08 Aug, 2014 12:00am
Iranian CG meets Shahbaz

Iranian CG meets Shahbaz

Iranian Consul General Muhammad Husain Bani Asadi met Punjab Chief Minister Muhammad Shahbaz Sharif here on Thursday. Matters of mutual interest and bilateral co-operation came under discussion during the meeting. The Chief Minister said Pakistan attaches
Published 08 Aug, 2014 12:00am
Pakistan committed to improving engagements with Central Asia: Sartaj

Pakistan committed to improving engagements with Central Asia: Sartaj

Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Thursday said Pakistan was committed to comprehensively deepen its engagements with Central Asia, which formed a vital part of its extended neighbourhood. Addressing Pakista
Published 08 Aug, 2014 12:00am
'Dilip Kumar's house declared protected heritage site'

'Dilip Kumar's house declared protected heritage site'

The house of legendary Indian actor, Dilip Kumar, located near historic Qissa Khawani Bazaar, has been declared as a protected monument under the Khyber-Pakhtunkhwa Antiquities Act of 1997 and Land Acquisition Act of 1895. "In this regard, a notification
Published 08 Aug, 2014 12:00am
Ufone's BVS reaches 200 cities

Ufone's BVS reaches 200 cities

Under the directives issued by the Pakistan Telecommunication Authority (PTA), Ufone's deployment of the Biometric Verification System (BVS) for issuance/activation or change of SIMs has now reached to over 200 cities. The move has been made to comply wit
Published 08 Aug, 2014 12:00am
Pakistan to hand over captured Indian soldier today

Pakistan to hand over captured Indian soldier today

Pakistani authorities on Thursday assured their Indian counterparts that an Indian soldier, who was captured in their territory after being swept away by a strong current of the Chenab river in Jammu and Kashmir, will be handed back today (Friday).
Published 08 Aug, 2014 12:00am
Pakistan slams UN's inaction on Gaza massacre

Pakistan slams UN's inaction on Gaza massacre

Pakistan on Wednesday criticised the UN General Assembly's inaction on Gaza, saying the Israeli military assaults had "wrecked and ravaged" the small enclave and left 1,800 Palestinians dead and thousands more wounded. "Most of Gaza is a wasteland," Ambas
Published 08 Aug, 2014 12:00am
PFMA KP announces election schedule

PFMA KP announces election schedule

Pakistan Flour Mills Association (PFMA) Khyber Pakhtunkhwa chapter, here on Thursday announced election schedule under which polling would be held on September 1. Malik Iftikhar Ahmed Awan was unanimously elected as Election Commissioner while Bagi Jan an
Published 08 Aug, 2014 12:00am
ANP to oppose unconstitutional moves: Iftikhar

ANP to oppose unconstitutional moves: Iftikhar

General Secretary, Awami National Party (ANP) and former Information Minister, Mian Iftikhar Hussain said on Thursday that ANP being a political party strongly supports the democratic system and unconstitutional moves to topple the present elected governm
Published 08 Aug, 2014 12:00am
PARC's BoG approves Rs 3.59 billion budget for fiscal year 2015

PARC's BoG approves Rs 3.59 billion budget for fiscal year 2015

Pakistan Agriculture Research Council (PARC) Board of Governors (BoG) has approved Rs 3.59 billion for the current financial year 2014-15 budget that include Rs 2,415 million to meet development and non-development expenditures. An official said that out
Published 08 Aug, 2014 12:00am
AJIP decides to participate in 'Azadi march'

AJIP decides to participate in 'Azadi march'

After holding several meeting sessions with allies parties, Pakistan Tehreek-e-Insaf and Jamaat-i-Islami in government of Khyber Pakhtunkhwa, Awami Jamhoori Ittehad Pakistan (AJIP) has fully backed the call of the PTI 'Azadi march,' and decided its party
Published 08 Aug, 2014 12:00am
Early radish variety to be beneficial, claims PAD

Early radish variety to be beneficial, claims PAD

Punjab Agriculture Department (PAD) has claimed that early radish variety developed by Ayub Agricultural Research Institute (AARI) Faisalabad, which gets matured in 40 days, can be proved very beneficial for the growers as it can be made available for dom
Published 08 Aug, 2014 12:00am
Petition filed at LHC: Illegal impounding of bikes by police challenged

Petition filed at LHC: Illegal impounding of bikes by police challenged

A petition has been filed before the Lahore High Court against illegal impounding of motorbikes by police, ostensibly to stop youth from participating in Pakistan Tehrik-e-Insaf's Azadi March. The petitioner, vice president PTI lawyers wing, Jawad Mobeen
Published 08 Aug, 2014 12:00am
Azadi March will be held at all cost: PTI Punjab

Azadi March will be held at all cost: PTI Punjab

Pakistan Tehreek-e-Insaf (PTI) Punjab President Ejaz Chaudhary warned if Punjab government used force against the PTI marchers they would retaliate and the 'Azadi March' will be held at all cost. While addressing a press conference here on Thursday, he sa
Published 08 Aug, 2014 12:00am
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