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Print - 2014-08-21
New York Met ends union stand-off, season on schedule

New York Met ends union stand-off, season on schedule

New York's Metropolitan Opera announced Wednesday it has reached an agreement with stagehands that will allow it to start its season on schedule. The opera said it had worked a new contract with the union representing company stagehands, following agreeme
Published 21 Aug, 2014 12:00am
Angolan generals sue anti-graft activist for libel

Angolan generals sue anti-graft activist for libel

A group of Angolan generals are suing an activist for $1.2 million (900 million euros) after he accused them of committing abuses in the country's diamond fields, he told AFP on Wednesday. "They want jail for me, they want $1.2 million," said anti-corrupt
Published 21 Aug, 2014 12:00am
Afghanistan orders US reporter to leave over election story

Afghanistan orders US reporter to leave over election story

Afghanistan on Wednesday ordered a New York Times correspondent to leave the country after he wrote an article saying government ministers and officials were threatening to seize power to end a stand-off over election results. The attorney general's offic
Published 21 Aug, 2014 12:00am
Egypt sentences Jordanian, Israeli for spying

Egypt sentences Jordanian, Israeli for spying

A Cairo court on Wednesday sentenced an Israeli tried in absentia to life imprisonment and a Jordanian telecoms engineer to 10 years in jail for espionage on behalf of Israel. Bashar Ibrahim Abu Zeid from Jordan was arrested in April 2011 and accused of t
Published 21 Aug, 2014 12:00am
India sacks movie censor chief over bribery charge

India sacks movie censor chief over bribery charge

India has removed the chief executive of its film censorship board after he was arrested on accusations he took a bribe to clear a movie for screening. Rakesh Kumar was arrested on Monday in Mumbai, the centre of the Bollywood movie industry, on charges o
Published 21 Aug, 2014 12:00am
Passengers evacuated from India plane after smoke scare

Passengers evacuated from India plane after smoke scare

Passengers aboard an Indian Indigo jet were evacuated Wednesday using emergency chutes after air traffic controllers warned the pilot about dense smoke as the plane landed at New Delhi airport. Some of the 147 people on the Airbus A-320 flight sustained m
Published 21 Aug, 2014 12:00am
Guru who sparked global yoga craze dies

Guru who sparked global yoga craze dies

BKS Iyengar, the Indian yoga guru credited with helping to fuel a global explosion in the popularity of the ancient spiritual practice, died on Wednesday aged 95, his website said. Iyengar started his yoga school in 1973 in the western city of Pune, devel
Published 21 Aug, 2014 12:00am
Drug blocks Ebola-like virus in monkey tests

Drug blocks Ebola-like virus in monkey tests

An experimental drug treatment can help monkeys survive an otherwise deadly infection with a tropical virus called Marburg, which is similar to Ebola, researchers said Wednesday. The findings in the journal Science Translational Medicine show the potentia
Published 21 Aug, 2014 12:00am
Liberia's Ebola clampdown turns violent as Asia fears new cases

Liberia's Ebola clampdown turns violent as Asia fears new cases

Violence erupted in an Ebola quarantine zone in Liberia's capital Wednesday as authorities struggled to contain the deadly disease, while new suspected cases in Asia sparked fears of it spreading from Africa. Four residents were injured in Monrovia's West
Published 21 Aug, 2014 12:00am
Thai junta chief tipped to become Prime Minister

Thai junta chief tipped to become Prime Minister

Thailand's coup leader is expected to be picked as prime minister by the kingdom's new army-dominated national assembly, junta sources said Wednesday, cementing the military's hold on power in the politically turbulent nation. Army Chief Prayut Chan-O-Cha
Published 21 Aug, 2014 12:00am
Iran parliament votes to sack 'reformist' science minister

Iran parliament votes to sack 'reformist' science minister

Iran's conservative-dominated parliament on Wednesday voted to sack the science minister for wanting to recruit people accused of involvement in the 2009 protest movement. Reza Faraji Dana, whose responsibilities included Iran's universities, was sacked a
Published 21 Aug, 2014 12:00am
Turkey reassures Ocalan on Kurdish peace in secret meeting

Turkey reassures Ocalan on Kurdish peace in secret meeting

Turkey's spy chief assured the imprisoned leader of the outlawed Kurdistan Workers' Party (PKK) in a secret meeting last week that the state will press ahead with the peace process to end 30 years of conflict, media reports said Wednesday. The head of Tur
Published 21 Aug, 2014 12:00am
China paper denounces 'rampant rascality' of Australia tycoon

China paper denounces 'rampant rascality' of Australia tycoon

A Chinese state-run newspaper on Wednesday called on Beijing to "teach Canberra a lesson" after Australian tycoon and politician Clive Palmer labelled the Communist government "mongrels" who "shoot their own people" in a televised tirade. The flamboyant m
Published 21 Aug, 2014 12:00am
Germany says ready to send arms to Iraqi Kurds

Germany says ready to send arms to Iraqi Kurds

Germany is ready to send weapons to support Iraqi Kurds in their battle against the "barbaric" jihadist militants of the Islamic State, Foreign Minister Frank-Walter Steinmeier said Wednesday. After other European countries said they would send arms to he
Published 21 Aug, 2014 12:00am
UN launches aid operation for 500,000 in northern Iraq

UN launches aid operation for 500,000 in northern Iraq

The UN refugee agency said it had launched a huge operation Wednesday to bring desperately needed aid to half a million Iraqis driven from their homes by jihadist rebels. "It's the largest single aid push we have mounted in more than a decade," UNHCR chie
Published 21 Aug, 2014 12:00am
Ukraine flag unfurled on top of Moscow skyscraper

Ukraine flag unfurled on top of Moscow skyscraper

A Ukrainian flag was unfurled on the top of a Moscow skyscraper within sight of the Kremlin on Wednesday, officials said, as fighting in eastern Ukraine has frayed bilateral ties. The Soviet star crowning the Stalin-era skyscraper, located just a kilometr
Published 21 Aug, 2014 12:00am
Ukraine warplane shot down as clashes kill dozens

Ukraine warplane shot down as clashes kill dozens

A Ukrainian warplane was blown out of the sky over rebel-held territory Wednesday as fierce clashes between government troops and pro-Russian insurgents left dozens of civilians dead. Fighting intensified as Kiev appeared to ramp up a deadly offensive to
Published 21 Aug, 2014 12:00am
Taiwan's ex-China affairs official accused of leaking secrets

Taiwan's ex-China affairs official accused of leaking secrets

One of Taiwan's top negotiators on China policy is being investigated on suspicion of leaking secrets after resigning, his superior said Wednesday, in the latest political scandal to rock the island. Wang Yu-chi, minister in charge of Taiwan's Mainland Af
Published 21 Aug, 2014 12:00am
Berkshire Hathaway fined for lax share purchase reporting

Berkshire Hathaway fined for lax share purchase reporting

US antitrust officials fined Warren Buffett's Berkshire Hathaway $896,000 for failing to notify regulators ahead of a large securities acquisition in December 2013, the Justice Department said Wednesday. Berkshire ran afoul of US antitrust requirements wh
Published 21 Aug, 2014 12:00am
US attorney general in Missouri after week of protest

US attorney general in Missouri after week of protest

US Attorney General Eric Holder travelled to St Louis, Missouri on Wednesday after the latest in a sting of violent protests over the police shooting of an unarmed black teenager. Holder, the top US law enforcement officer, was expected to visit the St Lo
Published 21 Aug, 2014 12:00am
English oppose 'sharing pound' with independent Scotland

English oppose 'sharing pound' with independent Scotland

A majority of English people oppose Scotland continuing to use the pound if it votes to become independent in next month's referendum, a survey showed on Wednesday. The question of whether Scotland could keep the pound if it leaves the United Kingdom has
Published 21 Aug, 2014 12:00am
At least 36 dead as Japan landslides engulf homes

At least 36 dead as Japan landslides engulf homes

Huge landslides in western Japan killed at least 36 people and left rescuers scrambling to find another seven still missing, authorities said Wednesday, after a wall of mud smashed into their homes. Dozens of houses were buried when hillsides collapsed af
Published 21 Aug, 2014 12:00am
Engro Corporation records 16 percent rise in IH revenue

Engro Corporation records 16 percent rise in IH revenue

Engro Corporation on Wednesday announced its First Half (1H) results where strong performance of its fertilizer and commodity trading businesses were kept in check by a challenging business environment in its rice, polymer and food businesses. On a consol
Published 21 Aug, 2014 12:00am
Engro Corporation records 16 percent rise in IH revenue

Engro Corporation records 16 percent rise in IH revenue

Engro Corporation on Wednesday announced its First Half (1H) results where strong performance of its fertilizer and commodity trading businesses were kept in check by a challenging business environment in its rice, polymer and food businesses. On a consol
Published 21 Aug, 2014 12:00am
Four die in various incidents in city

Four die in various incidents in city

At least four people died while two others injured in different incidents in the city on Wednesday. According to police and rescue sources, Sabir, son of, Saqafat Ali, was crushed to death by a speedy train near Star Gate, Malir. His body was shifted to J
Published 21 Aug, 2014 12:00am
K-Electric's arbitrary policy to recover power dues criticised

K-Electric's arbitrary policy to recover power dues criticised

The K-Electric's 'arbitrary' policy to recover outstanding dues through coercive means like disconnecting power supplies from PMTs, depriving even the loyal consumers of electricity, has been termed "unjustified" and "illegal". Sources said that the curre
Published 21 Aug, 2014 12:00am
Errors in tax returns: FBR gets tough with ST defaulters

Errors in tax returns: FBR gets tough with ST defaulters

The Federal Board of Revenue (FBR) has decided to take stern action against sales tax defaulters, following serious discrepancies detected in tax returns for the period June 2014; it is learnt here on Wednesday. According to sources, a decision was made a
Published 21 Aug, 2014 12:00am
Brian Heath assumes charge as US CG

Brian Heath assumes charge as US CG

Brian Heath has assumed charge as the US Consul General (CG) in Karachi, says a statement issued here on Wednesday. A career member of the Senior Foreign Service, Heath most recently served as the Minister-Counsellor for Management Affairs at the US Missi
Published 21 Aug, 2014 12:00am
FCCL posts Rs 2.6 billion profit in fiscal year 2014

FCCL posts Rs 2.6 billion profit in fiscal year 2014

Fauji Cement Company (FCCL) has announced FY14 profit of Rs 2.6 billion (EPS of Rs 1.8) as against Rs 2.1 billion (EPS Rs 1.4) in last year, up 25 per cent. According to Topline Securities, the financial results of the FCCL are also accompanied by final c
Published 21 Aug, 2014 12:00am
FCCL posts Rs 2.6 billion profit in fiscal year 2014

FCCL posts Rs 2.6 billion profit in fiscal year 2014

Fauji Cement Company (FCCL) has announced FY14 profit of Rs 2.6 billion (EPS of Rs 1.8) as against Rs 2.1 billion (EPS Rs 1.4) in last year, up 25 per cent. According to Topline Securities, the financial results of the FCCL are also accompanied by final c
Published 21 Aug, 2014 12:00am
KMC generates Rs 940 million and pays Rs one billion as salary

KMC generates Rs 940 million and pays Rs one billion as salary

Karachi Metropolitan Corporation (KMC) generating annual revenue of Rs 940 million against an expenditure of Rs 1 billion, under the salary head only, is severely squeezed to meet civic responsibilities of the population growing at six percent rate every
Published 21 Aug, 2014 12:00am
PTI, PAT sit-ins create uncertainty among trade & business circles

PTI, PAT sit-ins create uncertainty among trade & business circles

Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek's (PAT) sit-ins in Islamabad have created uncertainty across the country, bringing trade and business activities to an almost standstill position in the city, traders said on Wednesday. They added
Published 21 Aug, 2014 12:00am
Three bodies recovered in Quetta

Three bodies recovered in Quetta

Three dead bodies were recovered in two different vicinities in Quetta, police said. They informed that police shifted the two dead bodies of unknown persons in the Kili Bareezai of Sariab Road. Meanwhile, a body from an abandoned house in Sabzal Road was
Published 21 Aug, 2014 12:00am
Karachi Airport: one held with 570 grams of heroin powder

Karachi Airport: one held with 570 grams of heroin powder

Pakistan Customs Drug Enforcement Cell (DEC), Karachi Airport Unit recovered and seized 570 grams heroin powder concealed in trolley bag and footwear of a passenger. According to details, Customs DEC staff intercepted a Pakistani passenger Shahzad Ahmed a
Published 21 Aug, 2014 12:00am
Forex scam: NAB Sindh arrests main accused

Forex scam: NAB Sindh arrests main accused

The main accused Kashif Bashir S/o Bashir Ahmed Siddiqui involved in a forex scam has been arrested by NAB Sindh from Mirpurkhas. The intelligence team of NAB Sindh tracked the accused who was hiding in Mirpurkhas. Kashif Bashir in connivance with others
Published 21 Aug, 2014 12:00am
MTBs auction: government mops up Rs 72 billion

MTBs auction: government mops up Rs 72 billion

The federal government on Wednesday borrowed some Rs 72 billion through the auction of Market Treasury Bills (MTBs). Tenders for the sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakis
Published 21 Aug, 2014 12:00am
MTBs auction: government mops up Rs 72 billion

MTBs auction: government mops up Rs 72 billion

The federal government on Wednesday borrowed some Rs 72 billion through the auction of Market Treasury Bills (MTBs). Tenders for the sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakis
Published 21 Aug, 2014 12:00am
Embezzlement of Rs 290 million: NAB arrests two PWD officials

Embezzlement of Rs 290 million: NAB arrests two PWD officials

National Accountability Bureau (NAB) Khyber Pakhtunkhwa Wednesday arrested Asmatullah SDO and Mohammad Nisar Sub-Engineer PWD Batkhela, Swat, who in connivance with others succeeded to embezzled Rs 290.04 million in public funds in developmental projects
Published 21 Aug, 2014 12:00am
Despite sit-ins, marches: FBR working normally

Despite sit-ins, marches: FBR working normally

Despite sit-ins on the Constitution Avenue following Azadi and Inqilab marches of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT), the Federal Board of Revenue (FBR) remained open. Chairman FBR Tariq Bajwa and FBR Senior Member Inland Reve
Published 21 Aug, 2014 12:00am
KP IGP dismisses two FRP sub inspectors

KP IGP dismisses two FRP sub inspectors

KP Inspector General of Police (IGP) Nasir Khan Durrani has dismissed two sub inspectors of Frontier Reserve Police (FRP) from service with immediate effect in light of the inquiry committee report against them. According to details, the IGP had suspended
Published 21 Aug, 2014 12:00am
Insurance Company must seek SECP approval before Directors' elections

Insurance Company must seek SECP approval before Directors' elections

The Securities and Exchange Commission of Pakistan (SECP) has observed that the insurance company and its "Directors" are required to seek approval of the Commission before elections of the Company's Directors under Insurance Companies (Sound and Prudent
Published 21 Aug, 2014 12:00am
IESCO's schedule

IESCO's schedule

According to IESCO Spokesman, due to shifting of electricity lines for Metro Bus Project Power supply of the following feeders would remain suspended as under: On 22, 25, 27 and 29 August at 7:00am to 10:00am, Sadiqabad, Afandi Colony, 4th Road, A-Block f
Published 21 Aug, 2014 12:00am
Aga Khan Museum in Toronto to open on September 18

Aga Khan Museum in Toronto to open on September 18

The Aga Khan Museum in Toronto, which is dedicated to presenting an overview of the artistic, intellectual and scientific contributions that Muslim civilisations have made to world heritage, will open its doors to the public on September 18. The Museum's
Published 21 Aug, 2014 12:00am
PIA to receive fourth A320 aircraft in October

PIA to receive fourth A320 aircraft in October

Pakistan International Airlines (PIA) will receive fourth A320 aircraft in October while it will have 7-10 more aircraft inducted in its fleet by December 2014. The national flag carrier is in the process of acquiring latest aircraft in its fleet and has
Published 21 Aug, 2014 12:00am
No effort will be spared to protect country: PML-N leader

No effort will be spared to protect country: PML-N leader

Parliamentary Secretary Rana Muhammad Arshad has said that the PML-N government is discharging its important responsibility towards the elimination of terrorism, sectarianism, parochial and linguistic prejudices, adding that the Muslim Students Federation
Published 21 Aug, 2014 12:00am
Shahbaz lauds army's role in eradicating terrorism

Shahbaz lauds army's role in eradicating terrorism

Punjab Chief Minister Shahbaz Sharif has said that Pak army has launched a historic operation to eradicate terrorism from the country and is achieving tremendous successes. He said that successful operation of armed forces against terrorists at Samungali
Published 21 Aug, 2014 12:00am
LHC refuses to hear petition

LHC refuses to hear petition

The Lahore High Court here on Wednesday upheld an objection of registrar's office and refused to hear a petition seeking a restraining order against "Azadi march" of Pakistan Tehreek-e-Insaf.
Published 21 Aug, 2014 12:00am
Call for finding solution to current situation

Call for finding solution to current situation

Political leaders and analysts have emphasised the need for finding solution to resolve the current political situation in accordance with law and constitution. Pakistan Muslim League-Nawaz MPA Hina Pervez Butt said the country is facing a critical situat
Published 21 Aug, 2014 12:00am
PML-N workers stage protest outside Qureshi's house

PML-N workers stage protest outside Qureshi's house

About 100 activists of Pakistan Muslim League-Nawaz on Wednesday besieged the residence of Makhdoom Shah Mehmood Qureshi, Vice Chairman of PTI in Multan and observed "Dharna" outside his residence as a protest against PTI long march. PML-N workers under t
Published 21 Aug, 2014 12:00am
PAT supporter dies in Gujranwala jail

PAT supporter dies in Gujranwala jail

A Pakistan Awami Tehreek (PAT) supporter detained in the recent police crackdown in Punjab died on Wednesday under mysterious circumstances in the central jail of Gujranwala city. According to reports, the 35-year-old Shoaib was a resident of the Noor Baw
Published 21 Aug, 2014 12:00am
PAT, PTI asked to adopt constitutional way

PAT, PTI asked to adopt constitutional way

The Lahore High Court Bar Association has advised Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) to adopt a constitutional way for achievements of its objectives. President bar Shafqat Mahmood Chohan told a press conference protest marche
Published 21 Aug, 2014 12:00am
YLC to begin from September 11

YLC to begin from September 11

The annual Young Leaders Conference (YLC-2014) will be held from September 11 to 15 at a local hotel. Designed exclusively for 18 to 24-year-old youths from Pakistan and abroad, the YLC is the flagship programme of the School of Leadership (SoL). This yea
Published 21 Aug, 2014 12:00am
Criminal activities: IGP Sindh orders strict action against cops

Criminal activities: IGP Sindh orders strict action against cops

Inspector General of Police (IGP) Sindh Ghulam Haider Jamali has directed stern action against staffers of anti-car lifting cell's ASI Mustafa Lassi and Constable Ghulam Abbas for being involved in criminal activities. Police sources on Wednesday said the
Published 21 Aug, 2014 12:00am
SBC boycotts court proceedings to support democracy, parliament

SBC boycotts court proceedings to support democracy, parliament

Sindh Bar Council (SBC) on Wednesday gave call for boycott of the court proceedings on Thursday throughout the province to express solidarity with parliament and democratic system. Addressing a press conference at SBCs conference hall, Mehmoodul Hassan, m
Published 21 Aug, 2014 12:00am
Imran, Qadri should end parliament siege: PPP

Imran, Qadri should end parliament siege: PPP

Pakistan Peoples Party Leader and Senator Saeed Ghani on Thursday asked Pakistan Awami Tehrik and Pakistan Tehrik-i-Insaf to end siege of Parliament House and said that the two parties should respect the mandate of people. Talking to PPI, Ghani said that
Published 21 Aug, 2014 12:00am
Fakhruddin G Ibrahim hospitalised

Fakhruddin G Ibrahim hospitalised

Former Election Commissioner of Pakistan, former Justice Fakhruddin G Ibrahim was taken to a local hospital on Wednesday after his health seriously deteriorated. He is under medical observation in the Intensive Care Unit (ICU). Three days ago Former Chief
Published 21 Aug, 2014 12:00am
Foreign agenda behind Azadi, revolution marches: Bazai

Foreign agenda behind Azadi, revolution marches: Bazai

Pakistan Muslim League-N General Secretary in Balochistan, Nasibullah Khan Bazai on Wednesday alleged the existence of foreign agenda behind long marches and sit-ins of Pakistan Tehreek-i-Insaf (PTI) and Pakistan Awami Tarheek (PAT). In a press release is
Published 21 Aug, 2014 12:00am
Political forces united to protect Constitution, Parliament: Pir Mazhar

Political forces united to protect Constitution, Parliament: Pir Mazhar

Member PPP Central Executive Committee and former Education minister of Sindh, Pir Mazhar-ul-haq has said that all political parties are united to protect constitution and parliament. He was talking to media at Karachi Airport before leaving to Dubai-Unit
Published 21 Aug, 2014 12:00am
Malik urges Nawaz to defuse situation

Malik urges Nawaz to defuse situation

The Pakistan People's Party (PPP) Senator Rehman Malik has said that politicians should understand the statements made by Pakistan Army's media wing Inter-Services Public Relations (ISPR). Rehman Malik said that Prime Minister Nawaz Sharif needs to take i
Published 21 Aug, 2014 12:00am
Punjab government reserves Rs 2 billion to achieve MDGs: minister

Punjab government reserves Rs 2 billion to achieve MDGs: minister

Punjab Finance Minister Mujtaba Shujaur-Rehman has said that the Punjab government has reserved Rs 2 billion to achieve the Millennium Development Goals (MDGs). He said this while talking to various delegations here on Wednesday. He also said 36 percent o
Published 21 Aug, 2014 12:00am
FCCI election 2014-15: nomination papers will be received till August 25

FCCI election 2014-15: nomination papers will be received till August 25

The phase to file nomination papers for the FCCI election (2014-15) has been started while the nomination papers would be received up to August 25, 2014. This was disclosed in a meeting of the FCCI Election Commission held in the committee room of FCCI he
Published 21 Aug, 2014 12:00am
2500 megawatts thermal generation capacity idle due to mismanagement

2500 megawatts thermal generation capacity idle due to mismanagement

Some 2500MW thermal generation capacity in the country is out of operation at present, speaking a lot about the mismanagement of the ministry of water & power. Interestingly, the Punjab-based textile industry demand for electricity is half than the idle c
Published 21 Aug, 2014 12:00am
Power load management: USAID PDP imparts training to DISCOs' staff

Power load management: USAID PDP imparts training to DISCOs' staff

The United States Agency for International Development (USAID) Power Distribution Program (PDP) is strengthening Pakistan's energy sector to improve the supply and distribution of power. In this effort, the USAID Power Distribution Program is training the
Published 21 Aug, 2014 12:00am
PU vice chancellor for investment in education, research and training

PU vice chancellor for investment in education, research and training

Punjab University Vice Chancellor Professor Dr Mujahid Kamran has said that only those nations have progressed who have invested in three sectors ie education, creation of new knowledge and training. He was addressing a one day conference on "Democracy an
Published 21 Aug, 2014 12:00am
ICAP inaugurates satellite office in Gujranwala

ICAP inaugurates satellite office in Gujranwala

The Institute of Chartered Accountants of Pakistan (ICAP) inaugurated its satellite office in Gujranwala on Wednesday. The President ICAP Naeem Akhtar Sheikh inaugurated the newly developed office of CA Pakistan. The Institute decided to exploit this area
Published 21 Aug, 2014 12:00am
'Pakistani women playing vital role for country's development'

'Pakistani women playing vital role for country's development'

Punjab Minister for Women Development Hameeda Waheed Uddin has said that despite different challenges, Pakistani women are playing an important role for the development of the country. She said this while talking to a delegation of UKAID and DFID here on
Published 21 Aug, 2014 12:00am
New York Times slams Modi's move to cancel Pak-India talks

New York Times slams Modi's move to cancel Pak-India talks

A leading American newspaper Wednesday criticised Indian Prime Minister Narendra Modi for calling off foreign secretary-level talks, saying he "fumbled an early test of leadership". "There are no two countries in the world that need to talk, and talk regu
Published 21 Aug, 2014 12:00am
Reconnecting EVO connections: PTCL offers free internet

Reconnecting EVO connections: PTCL offers free internet

Pakistan Telecommunication Company Limited (PTCL) is offering its EVO customers free internet along with waiver on outstanding dues on reconnecting their inactive EVO devices. The offer is available on pre-paid and post-paid EVO, EVO Nitro, EVO cloud, Nit
Published 21 Aug, 2014 12:00am
Cargo Express train to start from September 2

Cargo Express train to start from September 2

Pakistan Railways administration has decided to operate Cargo Express Train from Badami-Bagh to Karachi from September 2. According to a notification on Wednesday, the train 501-Up/502-Down Cargo Express Train is being operated to facilitate traders.
Published 21 Aug, 2014 12:00am
Seniority list: CDA deputy director files petition against 7 officers

Seniority list: CDA deputy director files petition against 7 officers

Capital Development Authority (CDA) Deputy Director Muhammad Asghar Zardari has filed a petition against seven officers in Islamabad High Court. The petition prayed for issuing instructions that Muhammad Asghar Zardari should be appointed on a post in CDA
Published 21 Aug, 2014 12:00am
Marriage dispute: man kills his maternal aunt, her three daughters

Marriage dispute: man kills his maternal aunt, her three daughters

A youngster on Wednesday killed his maternal aunt and her three daughters over a marriage dispute in Nasrana village of Chiniot. According to police sources, the man named Sanaullah wanted to marry his maternal uncle's daughter but they refused his propos
Published 21 Aug, 2014 12:00am
Marwat's PA membership restored

Marwat's PA membership restored

Supreme Court of Pakistan (SCP) has suspended the Election Tribunal's judgement sacking Pakistan Muslim League-Nawaz, member provincial assembly (MPA) in Sindh Irfanullah Khan Marwat from MPA position. Henceforth, Marwat was restored to his previous posit
Published 21 Aug, 2014 12:00am
Water situation becomes serious after sharp drop in river flows

Water situation becomes serious after sharp drop in river flows

The water situation has become very serious after sharp drop in flows of four live rivers of the country as summer Monsoon rainfall remained 39 percent below normal Punjab Irrigation canal regulator Eng. M.H. Siddiqui told Business Recorder here on
Published 21 Aug, 2014 12:00am
Agreement signed for establishing Hybrid Rice Research Centre

Agreement signed for establishing Hybrid Rice Research Centre

Top agriculture development organisations of Pakistan and China Wednesday signed a Project Co-operation Agreement for the establishment of Hybrid Rice Research and Development Centre (HRRDC) in Pakistan. The agreement was signed among Pakistan Agricultura
Published 21 Aug, 2014 12:00am
Electoral reforms body issues rules & procedures

Electoral reforms body issues rules & procedures

Parliamentary Committee on Electoral Reforms issued rules and procedures of the panel on Wednesday with a binding that it shall present its report to the Parliament within three months from the date of notification of the committee. It has also been decid
Published 21 Aug, 2014 12:00am
'Super' turmoil

'Super' turmoil

Apropos 'Nawaz won't step down as PM', carried by Business Recorder yesterday, it is heartening to note that prime minister Nawaz Sharif has made it quite clear that under no circumstances will he resign. He seems to have taken courageous decision
Published 21 Aug, 2014 12:00am
France fights back Asian hornet invader

France fights back Asian hornet invader

They slipped into southwest France 10 years ago in a pottery shipment from China and have since invaded more than half the country, which is fighting back with drones, poisoned rods and even chickens. The Asian hornet, or vespa velutina nigrithorax, is co
Published 21 Aug, 2014 12:00am
Tyre makers race to turn dandelions into rubber

Tyre makers race to turn dandelions into rubber

Dutch biologist Ingrid van der Meer often meets with disbelief when she talks about her work on dandelions and how it could secure the future of road transport. The reaction is understandable, given most people regard the yellow flowers as pesky intruders
Published 21 Aug, 2014 12:00am
VIEW POINT: On the brink

VIEW POINT: On the brink

The PTI has managed to create an extraordinary crisis. Before leading the Azadi marchers for a sit-in at the Parliament House on Tuesday, Imran Khan threatened to take over the PM's House if Prime Minister Nawaz Sharif does not step down - an impermissibl
Published 21 Aug, 2014 12:00am
India cancels planned talks: unfair act

India cancels planned talks: unfair act

Citing Pakistan's New Delhi-based high commissioner's meeting with a Hurriyat leader as provocation India has called off foreign secretary-level bilateral talks due in Islamabad on August 25. According to media reports, 'within minutes' of Syed Shabbir Sh
Published 21 Aug, 2014 12:00am
Drop in foreign investment

Drop in foreign investment

Foreign investment seems to be the first visible casualty of the rising political tensions in the country. According to the latest data released by the State Bank on 18th August, 2014, foreign direct investment (FDI) plummeted to just dollar 24 million in
Published 21 Aug, 2014 12:00am
Cotton futures soar as traders scramble to cover short positions

Cotton futures soar as traders scramble to cover short positions

Cotton futures catapulted to their biggest one-day gain in five months on Wednesday, as chart signals triggered waves of short covering. The benchmark December cotton contract on ICE Futures US jumped to 66.20 cents, the highest level since late July, bef
Published 21 Aug, 2014 12:00am
Shanghai copper down

Shanghai copper down

Shanghai copper dipped towards a major technical support level on Wednesday, with a break likely to trigger selling by momentum-based investors, as the market also eyed forecasts of improving supply. Global copper inventories are expected to rise as mine
Published 21 Aug, 2014 12:00am
Copper rises, aluminium hits 1-1/2 years high

Copper rises, aluminium hits 1-1/2 years high

Copper rose to a one-week high on Wednesday as robust US housing data overnight boosted sentiment and buyers in top metals consumer China took advantage of low prices to build stocks. Housing starts in the United States surged to an eight-month high in Ju
Published 21 Aug, 2014 12:00am
Rubber soars

Rubber soars

Benchmark Tokyo rubber futures rose for a third day to a week's high on Wednesday due to a weaker yen and the eighth straight session of gains in the Japanese equities market. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for Janua
Published 21 Aug, 2014 12:00am
Wheat futures advance

Wheat futures advance

US wheat futures advanced on Tuesday on concerns about reduced supplies from Ukraine, a major exporter, while new-crop soyabeans slipped as a widely watched crop tour projected bumper US harvests. Traders focused on Ukraine, expected to be the world's sec
Published 21 Aug, 2014 12:00am
Palm oil slides to five-year low

Palm oil slides to five-year low

Malaysian palm oil lost more ground on Wednesday, falling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record US soybean production weighed on the market. Exports of Malaysian palm oil products
Published 21 Aug, 2014 12:00am
Sugar rebounds

Sugar rebounds

ICE raw sugar rebounded from a six-month low on short-covering on Wednesday, as cocoa futures recovered some of the previous day's losses on renewed investor buying and arabica coffee rose in choppy trade. The benchmark October raw sugar contract on ICE F
Published 21 Aug, 2014 12:00am
Gold struggles in Asia

Gold struggles in Asia

Gold was stuck firmly below $1,300 an ounce on Wednesday after a three-day losing streak, as strong US housing data bolstered stock markets and dimmed bullion's appeal as a safe haven. Spot gold was little changed at $1,295.44 an ounce by 0643 GMT, after
Published 21 Aug, 2014 12:00am
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