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Print - 2014-08-27
ECB sees refinancing as big draw for banks seeking cheap money

ECB sees refinancing as big draw for banks seeking cheap money

The European Central Bank expects banks to flock to its new ultra-long loan offering in September, regardless of the weak economic outlook for the euro zone, primarily because they need to refinance an earlier round of such borrowing. Whether the new fund
Published 27 Aug, 2014 12:00am
Aircraft demand spurs record gain in US durable goods orders

Aircraft demand spurs record gain in US durable goods orders

Orders for long-lasting US manufactured goods posted their biggest gain on record in July on strong overseas demand for aircraft, and the underlying trend also remained firm, pointing to brisk economic growth. Durable goods orders, items ranging from toas
Published 27 Aug, 2014 12:00am
Saudi Arabia's bourse resumes uptrend, most Gulf markets gain

Saudi Arabia's bourse resumes uptrend, most Gulf markets gain

Saudi Arabia's bourse, encouraged by the prospect of opening up to direct foreign investment, resumed its uptrend on Tuesday on the back of banks and petrochemicals, while most markets in the region also rose modestly. The main Saudi index climbed 0.9 per
Published 27 Aug, 2014 12:00am
Australian shares flat

Australian shares flat

Australian shares ended flat on Tuesday, as banks and insurers helped lift the market to follow Wall Street higher overnight, but resource stocks underperformed as spot iron ore prices remained locked near the year's lows. The S&P/ASX 200 index was up 0.1
Published 27 Aug, 2014 12:00am
Tuesday's midday trade: Dow and S&P 500 set intraday records

Tuesday's midday trade: Dow and S&P 500 set intraday records

US stocks rose on Tuesday, with both the Dow and S&P 500 hitting fresh intraday records on the back of strong consumer data suggesting the market's long-running rally could continue. The day's gains were broad, with only the telecom and utility sectors lo
Published 27 Aug, 2014 12:00am
S&P fails to hold 2,000 mark

S&P fails to hold 2,000 mark

The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by financials and biotechnology stocks. The significance of the milestone was more psych
Published 27 Aug, 2014 12:00am
South African stocks rise

South African stocks rise

South African stock prices ticked higher for a second straight session on Tuesday as news the economy had avoided sinking into a recession sent a sigh of relief through the markets. Bullion producers got a lift as the yellow metal's price recovered from a
Published 27 Aug, 2014 12:00am
Treasuries gain

Treasuries gain

US Treasuries prices gained modestly on Monday in light trading in line with rallying European bonds on expectations the European Central Bank will use more stimulus to revive flagging growth in the region. ECB President Mario Draghi said Friday the bank
Published 27 Aug, 2014 12:00am
Treasuries gain

Treasuries gain

US Treasuries prices gained modestly on Monday in light trading in line with rallying European bonds on expectations the European Central Bank will use more stimulus to revive flagging growth in the region. ECB President Mario Draghi said Friday the bank
Published 27 Aug, 2014 12:00am
Sri Lankan stocks at three-year high

Sri Lankan stocks at three-year high

Sri Lankan stocks edged up on Tuesday, hovering near three-year highs, led by retail buying in manufacturing and telecommunication shares, while the low interest rates boosted sentiment, brokers said. Analysts say an increase in speculative trading in fun
Published 27 Aug, 2014 12:00am
Hong Kong, China stocks down

Hong Kong, China stocks down

Hong Kong stocks ended 0.37 percent lower Tuesday as profit-takers moved in after the index hit a six-year high in the previous session. The Hang Seng Index eased 92.41 points to end at 25,074.50 on turnover of HK$64.47 billion ($8.32 billion). Investors
Published 27 Aug, 2014 12:00am
India's NSE continues retreat; coal users hit

India's NSE continues retreat; coal users hit

India's NSE index edged lower for a second consecutive session on Tuesday as firms including Jindal Steel and Power extended their slump after a Supreme Court ruling on coal allocation, while lenders fell due to concerns over their loan exposure. India's
Published 27 Aug, 2014 12:00am
European shares post biggest two-day gain since June 2013

European shares post biggest two-day gain since June 2013

Eurozone bluechips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank (ECB) and by strong gains for some steelmakers. The euro zone's Euro STOXX 50 index closed 1 perce
Published 27 Aug, 2014 12:00am
Southeast Asian markets: Indonesia at two-week low

Southeast Asian markets: Indonesia at two-week low

Indonesian shares hit a 2-week closing low on Tuesday as investors cut holdings on concerns of a possible fuel price hike while the Philippine index ended at its highest in nearly 15 months after a rally in shares of Philippine Long Distance Telephone. In
Published 27 Aug, 2014 12:00am
Tokyo shares down

Tokyo shares down

Tokyo stocks slipped 0.59 percent Tuesday on profit-taking as investors weighed the effect on exporters of a solid yen against a record close on Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange fell 92.03 points to 15,521.22, while the Topix
Published 27 Aug, 2014 12:00am
FTSE rises as financials rally

FTSE rises as financials rally

Britain's top equity index rose on Tuesday, with financial stocks outperforming, amid expectations of new economic stimulus measures from the European Central Bank. The blue-chip FTSE 100 index closed up by 0.7 percent, or 47.51 points, at 6,822.76 points
Published 27 Aug, 2014 12:00am
Indian rupee ends higher

Indian rupee ends higher

The Indian rupee rose on Tuesday, tracking gains in other Asian currencies, although broader gains were curbed by concerns about the wider economic impact after the country's top court ruled coal blocks awarded since 1993 were illegal. Analysts said any m
Published 27 Aug, 2014 12:00am
Euro slides in Asia

Euro slides in Asia

The euro plumbed a one-year trough against the dollar on Tuesday as prospects for further easing by the European Central Bank weighed on the currency along with weak eurozone data and the resignation of the French government. Faced with a host of negative
Published 27 Aug, 2014 12:00am
Dollar steadies, euro struggles in London

Dollar steadies, euro struggles in London

The dollar held steady on Tuesday after its recent gains but the euro continued to struggle, pinned down near 19-month lows against the Swiss franc on expectations of soft inflation data and more monetary easing. Weak German economic figures and the resig
Published 27 Aug, 2014 12:00am
Early trade in New York: dollar softens, euro struggles

Early trade in New York: dollar softens, euro struggles

The dollar softened on Tuesday after a run of gains while the battered euro continued to struggle on expectations of soft inflation data and more monetary easing. The dollar index, a basket of currencies traded against the greenback, was down 0.07 percent
Published 27 Aug, 2014 12:00am
Dollar rises in New York

Dollar rises in New York

The dollar rose to its highest level against the euro in nearly a year on Monday as weak German economic data and comments by European Central Bank chief Mario Draghi encouraged bets on looser euro zone monetary policies. Lifted by widening speculation th
Published 27 Aug, 2014 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.40-77.41 (previous 77.41-77.43). Call Money Rates: 05.50-06.75 percent (* previous 05.40-07.00 percent). (* revised).
Published 27 Aug, 2014 12:00am
Sri Lankan rupee down

Sri Lankan rupee down

The Sri Lankan rupee ended weaker on Tuesday as importer dollar demand outpaced inward remittances and exporter dollar sales, dealers said. The local currency is likely to remain steady for the rest of the year after positive comments by the central bank
Published 27 Aug, 2014 12:00am
Yuan edges up

Yuan edges up

China's yuan rose against the dollar again on Tuesday, as investors remained bullish on the currency and corporate dollar sales helped offset a weaker midpoint fix by the central bank. The People's Bank of China (PBOC) set the midpoint rate at 6.1663 per
Published 27 Aug, 2014 12:00am
Emerging Asian currencies rebound

Emerging Asian currencies rebound

Emerging Asian currencies rebounded on Tuesday thanks to expectations of more capital inflows to the region amid increasing prospects for further easing by the European Central Bank. The South Korean won and the Taiwan dollar rose on exporters' month-end
Published 27 Aug, 2014 12:00am
Sterling struggles

Sterling struggles

Sterling failed to recover ground against the dollar on Tuesday after hitting a five-month low the previous day as traders bet the United States was getting closer to interest rate hikes while Britain might be moving further away. The pound hit $1.6501 -
Published 27 Aug, 2014 12:00am
New Zealand dollar tumbles, Aussie resilient

New Zealand dollar tumbles, Aussie resilient

The New Zealand dollar plumbed six-month lows on Tuesday as a surprisingly large trade deficit provided speculators with a fresh excuse to sell, while its Australian cousin held its own in the face of a broadly stronger US dollar. The kiwi extended losses
Published 27 Aug, 2014 12:00am
Djokovic, Sharapova sparkle after others toil

Djokovic, Sharapova sparkle after others toil

Former champions Novak Djokovic and Maria Sharapova sparkled under the Arthur Ashe Stadium lights to end a steamy first day that proved more than a little stressful for several of the US Open favourites on Monday. Djokovic, who had won only two matches in
Published 27 Aug, 2014 12:00am
PCB cancels Twenty20 league

PCB cancels Twenty20 league

Pakistan cricket authorities were Tuesday forced to cancel their ambitious Twenty20 league project due a lack of time to schedule the tournament ahead of the World Cup, leaving question marks over its future. Pakistan Cricket Board had planned to hold the
Published 27 Aug, 2014 12:00am
Bangladesh lift ban on Shakib

Bangladesh lift ban on Shakib

Bangladesh all-rounder Shakib Al Hasan's six-month ban imposed last month for "misbehaviour" has been lifted, the Bangladesh Cricket Board said on Tuesday. "After September 15, Shakib will be available for selection," BCB president Nazmul Hassan told repo
Published 27 Aug, 2014 12:00am
PCB forms body to help bowlers with suspect actions

PCB forms body to help bowlers with suspect actions

Pakistan Tuesday formed a committee to identify and help bowlers with suspect actions at an early stage after their ace spinner Saeed Ajmal was reported over his deliveries. The 36-year-old underwent tests at a Brisbane lab on Monday and faces a possible
Published 27 Aug, 2014 12:00am
Lampard calls time on England career

Lampard calls time on England career

England midfielder Frank Lampard announced his retirement from international football after a career spanning 15 years on Tuesday. The 36-year-old's 106th and final cap for his country came on June 23 when he captained England in their final World Cup gam
Published 27 Aug, 2014 12:00am
Perera helps Sri Lanka beat Pakistan

Perera helps Sri Lanka beat Pakistan

Thisara Perera smashed 65 off 36 balls and then grabbed three wickets as Sri Lanka thumped Pakistan by 77 runs in the second one-dayer on Tuesday to level the three-match series 1-1. Sri Lanka recovered from 194-6 to post a commanding 310-9 in their 50 ov
Published 27 Aug, 2014 12:00am
TV debate victory might not boost Scottish independence leader

TV debate victory might not boost Scottish independence leader

A convincing win by Scotland's pro-independence leader Alex Salmond in a final TV debate ahead of next month's breakaway referendum might not be enough to revive his campaign's chances of victory, a snap poll suggested. In Monday's bruising encounter ahea
Published 27 Aug, 2014 12:00am
Ebola-hit Liberia fires absentee ministers

Ebola-hit Liberia fires absentee ministers

Liberia's leader has sacked ministers and senior government officials who defied an order to return to the west African nation to lead the fight against the deadly Ebola outbreak, her office said on Tuesday. President Ellen Johnson Sirleaf had told overse
Published 27 Aug, 2014 12:00am
UN cargo helicopter crashes in South Sudan warzone

UN cargo helicopter crashes in South Sudan warzone

A UN cargo helicopter crashed Tuesday in South Sudan's warzone region of Unity state, the UN peacekeeping mission said, adding it was "deeply concerned about the fate of the crew". The UN mission said it had "dispatched a search and rescue team" to the ar
Published 27 Aug, 2014 12:00am
Iraqi strikes target militants besieging Shia town

Iraqi strikes target militants besieging Shia town

Iraq carried out air strikes Tuesday against jihadists who have for months besieged the town of Amerli, where residents are short on food and water and face a "possible massacre." The nine strikes by Iraqi warplanes targeted forces from the Islamic State
Published 27 Aug, 2014 12:00am
UN backs military action against DR Congo rebels

UN backs military action against DR Congo rebels

The UN Security Council on Tuesday backed joint military action by the UN force in the Democratic Republic of Congo and government troops against former Hutu rebels who refuse to surrender. In a unanimous statement, the 14-member council said flushing out
Published 27 Aug, 2014 12:00am
Myanmar divers claim legendary bell found

Myanmar divers claim legendary bell found

A team of Myanmar divers claims to have discovered a legendary bell in the murky depths of the Yangon river - with the help of dragon spirits - in the latest twist to a 400-year-old drama that has gripped the nation. Dozens of divers, equipped only with g
Published 27 Aug, 2014 12:00am
Australia tycoon apologises for calling Chinese government 'mongrels'

Australia tycoon apologises for calling Chinese government 'mongrels'

Australian tycoon Clive Palmer on Tuesday apologised for calling the Chinese government "mongrels" who "shoot their own people" after a fierce backlash from Beijing and politicians in Canberra. The billionaire coal baron, who was elected to parliament las
Published 27 Aug, 2014 12:00am
India anti-trust watchdog fines carmakers $420 million

India anti-trust watchdog fines carmakers $420 million

India's anti-trust watchdog has fined 14 automakers a total of $420 million for restricting competition in the spare parts market and driving up prices, a official said Tuesday, a few days after Chinese regulators took similar action. The Competition Comm
Published 27 Aug, 2014 12:00am
Mumbai Jewish centre reopens

Mumbai Jewish centre reopens

A Jewish centre in Mumbai reopened on Tuesday, nearly six years after heavily armed militants stormed the building and killed six people inside during the 2008 attacks on the city. One of several high-profile targets assaulted by the gunmen, Chabad House
Published 27 Aug, 2014 12:00am
Boko Haram seizes town on Nigeria, Cameroon border

Boko Haram seizes town on Nigeria, Cameroon border

Boko Haram has seized control of a Nigerian town after soldiers deployed there fled to take refuge across the border in nearby Cameroon, a police source said Tuesday. "Boko Haram fighters moved into Ashigashya" overnight Monday, where they slaughtered thr
Published 27 Aug, 2014 12:00am
First private operation to rescue boat migrants launched

First private operation to rescue boat migrants launched

The first privately-funded operation to rescue boat immigrants in the Mediterranean launched Monday, as a ship owned by an Italian-American couple set off from Malta for a 60-day mission to scour the sea for people in distress. The 40-foot-long Phoenix I,
Published 27 Aug, 2014 12:00am
CNN broadcasts alleged audio of black US teen's shooting

CNN broadcasts alleged audio of black US teen's shooting

A previously undisclosed sound recording captured the shooting of Michael Brown by a white police officer, CNN reported Tuesday, as it broadcast what it said appeared to be audio from the gunfire that killed the unarmed black teen. The FBI, contacted Tues
Published 27 Aug, 2014 12:00am
Hollande ally named economy minister in 'last chance' reshuffle

Hollande ally named economy minister in 'last chance' reshuffle

Francois Hollande on Tuesday installed a former banker and ally as economy minister in an emergency reshuffle seen as the "last chance" to haul France out of the biggest crisis of his presidency. The top members of the government remained unchanged, but t
Published 27 Aug, 2014 12:00am
No plans to coordinate with Syria on fighting IS: US

No plans to coordinate with Syria on fighting IS: US

The United States said Tuesday it would not coordinate with the government of President Bashar al-Assad on targeting Islamic State militants on Syrian territory, as preparations for possible air strikes gathered pace. President Barack Obama meanwhile warn
Published 27 Aug, 2014 12:00am
Canadian cable companies launch competitor to Netflix

Canadian cable companies launch competitor to Netflix

Two of Canada's largest cable companies teamed up Tuesday to launch an online television service to compete with Netflix, amid fears of dwindling traditional television viewership. Shomi, the new video-on-demand service launched by Roges Communications an
Published 27 Aug, 2014 12:00am
Macedonia Albanian MPs in parliament brawl

Macedonia Albanian MPs in parliament brawl

Macedonia's ethnic Albanian opposition party said Tuesday it would walk out of the parliament after a brawl between one its deputies and an MP from a rival Albanian party. A brawl between a deputy of the Democratic Party of Albanians (DPA) and his rival f
Published 27 Aug, 2014 12:00am
South African minister accused of ordering Marikana massacre

South African minister accused of ordering Marikana massacre

A South African minister who once told police to shoot criminals dead without warning was on Tuesday accused of involvement in the deaths of 34 striking miners at Marikana. The survivors' lawyer, Dali Mpofu, said former mines minister Susan Shabangu had l
Published 27 Aug, 2014 12:00am
London Mayor Johnson names target seat for parliament comeback

London Mayor Johnson names target seat for parliament comeback

London Mayor Boris Johnson will bid to become a member of parliament in west London at next year's general election, his spokesman said Tuesday, raising the prospect of a future run at becoming prime minister. Johnson, known for his unkempt shock of blond
Published 27 Aug, 2014 12:00am
UK top judge warns Hong Kong of 'vigilance' to protect rights

UK top judge warns Hong Kong of 'vigilance' to protect rights

Britain's top judge Tuesday warned Hong Kong of the need for "eternal vigilance" to safeguard its liberties as China looks set to take a hard-line stance at discussions this week on election reforms in the city. David Neuberger's comments come as China's
Published 27 Aug, 2014 12:00am
Brazil prison riot ends with five dead

Brazil prison riot ends with five dead

Rioting inmates who took over most of a prison in Brazil killed five fellow prisoners, beheading at least two of them, before ending the uprising early Tuesday and releasing two hostage guards. The riot, which erupted Sunday, ended after authorities reach
Published 27 Aug, 2014 12:00am
Japan to propose 50 percent cut in young tuna catch

Japan to propose 50 percent cut in young tuna catch

Japan plans to propose a 50 percent cut on catches of young bluefin tuna in the Western and Central Pacific, officials said Tuesday, in a historic shift aimed at safeguarding the at-risk species. Tokyo - the world's biggest consumer of tuna - has been rel
Published 27 Aug, 2014 12:00am
Turks claim record for 'world's largest Ataturk portrait'

Turks claim record for 'world's largest Ataturk portrait'

Thousands of people on Tuesday came together in Ankara to form the world's largest portrait of Mustafa Kemal Ataturk, the founder of the modern Turkish republic who remains its number one national hero. At least 6,000 volunteers gathered outside the Anitk
Published 27 Aug, 2014 12:00am
Sindh CS seeks strict compliance with rules, regulations

Sindh CS seeks strict compliance with rules, regulations

Sindh Chief Secretary, Sajjad Saleem Hotiana on Tuesday urged the officials to ensure good governance through systematic and strict compliance with all relevant rules and regulations. Presiding the weekly hearing of complaints forwarded by the government
Published 27 Aug, 2014 12:00am
SHC seeks comments on deep sea container port project

SHC seeks comments on deep sea container port project

The Sindh High Court (SHC) on Tuesday sought comments from the Ministry of Ports and Shipping, Environment and Tourism departments and the Sindh government on a petition against construction of a deep sea container port project. The petitioner, Abdul Jabb
Published 27 Aug, 2014 12:00am
132KV transmission line damaged in Loralai

132KV transmission line damaged in Loralai

Miscreants damaged a 132 KV transmission line in Loralai district on Tuesday. According to details, the transmission line was blasted near Rakni. The damage to the line resulted in suspension of supply to Kohlu and Barkhan. QESCO sources said that repair
Published 27 Aug, 2014 12:00am
Missing man with family: SHC asks Interior Secretary to arrange meeting

Missing man with family: SHC asks Interior Secretary to arrange meeting

The Sindh High Court (SHC) on Tuesday directed the secretary of the interior ministry to ensure that family of a missing man, who was kept at headquarters of Frontier Constabulary (FC), Khyber Pakhtunkhwa (KP), meets with him. The direction came on a peti
Published 27 Aug, 2014 12:00am
Bad governance, OPS postings go hand in hand in Sindh

Bad governance, OPS postings go hand in hand in Sindh

Infamous OPS (own pay scale) still stays in many government departments of the Sindh province despite the clear-cut orders of the Supreme Court that junior officers should not be posted to senior slots in the garb of own pay scale; however, the OPS prevai
Published 27 Aug, 2014 12:00am
Site industrial areas: KWSB blamed for acute water shortage

Site industrial areas: KWSB blamed for acute water shortage

There is acute shortage of water in Site industrial zones of the city creating serious problems to continue industrial production which is causing delay in meeting production targets, especially in textiles. The industrial area of SITE, which is home to o
Published 27 Aug, 2014 12:00am
Congestion at fish harbour delays shrimp hunt: Stofa

Congestion at fish harbour delays shrimp hunt: Stofa

Landing of the season's first bulk catch is likely to take weeks more as the clogged navigational channel of harbour delayed hundreds of vessels to sail deep sea to resume shrimp hunt, fishermen said on Tuesday. Boats delayed their voyages for shrimp hunt
Published 27 Aug, 2014 12:00am
Iran hands over 18 deportees

Iran hands over 18 deportees

Iranian security forces handed over 18 Pakistani nationals to Levies force on Pak-Iran border in Taftan on Tuesday. According to Levies force, these Pakistani workers had been arrested by Iran security forces because they were living there without valid t
Published 27 Aug, 2014 12:00am
Jubilee Insurance launches 'Family Healthcare'

Jubilee Insurance launches 'Family Healthcare'

Jubilee General, one of the largest insurance companies in Pakistan, has taken yet another initiative to launch a new product "Family HealthCare" for its customers. The launching ceremony was held on 22nd of July 2014 at Jubilee Insurance House. Jubilee G
Published 27 Aug, 2014 12:00am
Famine in Thar: 'all measures adopted to face possible challenge'

Famine in Thar: 'all measures adopted to face possible challenge'

All necessary measures have been adopted by the provincial government to face the possible challenge of famine in Thar, said Sindh Food Minister, Mehtab Hussain Dahar on Tuesday. Talking to media he said that all the five main godowns have been filled wit
Published 27 Aug, 2014 12:00am
Pakistan Petroleum Limited

Pakistan Petroleum Limited

Pakistan Petroleum Limited has been a frontline player in the energy sector since 1950s. The company has been in this business for more than seven decades, contributing about one-fourth of total gas supplies, besides producing crude oil, condensate and LP
Published 27 Aug, 2014 12:00am
Pakistan Petroleum Limited

Pakistan Petroleum Limited

Pakistan Petroleum Limited has been a frontline player in the energy sector since 1950s. The company has been in this business for more than seven decades, contributing about one-fourth of total gas supplies, besides producing crude oil, condensate and LP
Published 27 Aug, 2014 12:00am
Nadia Gabol lauds efforts of CPLC

Nadia Gabol lauds efforts of CPLC

Advisor to Chief Minister Sindh for Human Rights Nadia Gabool praised the efforts of CPLC in society rehabilitation and crime reduction. The advisor to CM Sindh, Nadia Gabool visited CPLC, Sindh Governor House. Ahmed Chinoy welcomed the advisor and made N
Published 27 Aug, 2014 12:00am
Three shot dead in Karachi

Three shot dead in Karachi

Three people were killed while three others, including a policeman, were injured in separate incidents of violence in Karachi on Tuesday. Mirza Shaukat Baig, son of Abdul Salam, and Shehroz, son of Abdul Majeed, were gunned down by unidentified people in
Published 27 Aug, 2014 12:00am
INCIEF's professor visits Meezan Bank

INCIEF's professor visits Meezan Bank

Recognising Meezan Bank's expertise in Islamic Banking and Shariah Audit, Dr Shahul Hameed, Associate Professor & Head of the Certified Islamic Finance Professional programme of International Centre for Education in Islamic Finance (INCEIF) Malaysia, is o
Published 27 Aug, 2014 12:00am
Sindh PML-Q calls for upholding constitution, democracy

Sindh PML-Q calls for upholding constitution, democracy

The General Secretary of the Sindh chapter of Pakistan Muslim League-Q (PML-Q), Haleem Adil Sheikh has accused political parties for trying to save the government rather than democratic system. Speaking at a press conference at the Karachi Press Club on T
Published 27 Aug, 2014 12:00am
Blast destroys Sheikh Taqi's shrine in Mastung

Blast destroys Sheikh Taqi's shrine in Mastung

Two persons, including a woman were injured on Tuesday when suspected militants blew up the shrine of a Sufi Saint Sheikh Taqi Baba in Balochistan's Mastung district, police said. The shrine located in the main commercial area of Mastung was completely de
Published 27 Aug, 2014 12:00am
SU registrar's ineligibility: SUOWA refutes SUTA allegation

SU registrar's ineligibility: SUOWA refutes SUTA allegation

President of Sindh University Officers Welfare Association (SUOWA) Ghulam Murtaza Siyal has strongly refuted the statement issued by SUTA president Dr Azhar Ali Shah regarding the ineligibility of prevailing acting Registrar Muhammad Ali Roshan Pathan and
Published 27 Aug, 2014 12:00am
Hamdard Naunehal Assembly celebrates Independence Day

Hamdard Naunehal Assembly celebrates Independence Day

A function of Hamdard Naunehal Assembly Karachi chapter to celebrate Independence Day, comprised speeches, national songs and Dua-e-Said, was held on August 25at a local hotel. Speaking on the occasion, Mrs Sadia Rashid, President, Hamdard Foundation Paki
Published 27 Aug, 2014 12:00am
Irregularities: Irrigation official sent on forced retirement

Irregularities: Irrigation official sent on forced retirement

The Executive Engineer of Sindh Irrigation Department, Rehmatullah Soomro, has been sent on forced retirement over irregularities while Dr Zenat Shaikh of the Health Department was awarded stoppage of two annual increments for 02 years on the ground of fi
Published 27 Aug, 2014 12:00am
53 alleged criminals held

53 alleged criminals held

City police on Tuesday claimed to have arrested around 53 alleged criminals in different targeted raids and encounters conducted at various parts of metropolis on Tuesday. Police said that 79 raids and four encounters were conducted as a part of Karachi o
Published 27 Aug, 2014 12:00am
KMC launches campaign against dengue, congo virus

KMC launches campaign against dengue, congo virus

The Karachi Metropolitan Corporation (KMC) has launched a month-long special campaign for the eradication of dengue and Congo virus following concerns shown by former President Asif Ali Zardari regarding rapid spread of the lethal viruses in the city. Sou
Published 27 Aug, 2014 12:00am
Bugti's death anniversary: strike observed in Balochistan

Bugti's death anniversary: strike observed in Balochistan

A strike was observed across Balochistan on Tuesday on 8th death anniversary of late Nawab Akbar Khan Bugti. The shutter down strike and wheel jam call was given by Baloch nationalist parties including Jamoohri Watan Party (JWP), Baloch Republican Party (
Published 27 Aug, 2014 12:00am
PML-N holds Istehkam-e-Pakistan rallies

PML-N holds Istehkam-e-Pakistan rallies

The ruling PML-N held Istehkam-e-Pakistan rallies in Gujranwala, Sargodha and Sahiwal. Enthusiastic workers were carrying portraits of Nawaz Sharif, Shahbaz Sharif, national flags and party flags and raising slogans in favour of their leaders. In Gujranwa
Published 27 Aug, 2014 12:00am
FPCCI acting chief concerned over political crisis

FPCCI acting chief concerned over political crisis

Acting President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shaukat Ahmed has expressed his concern over the present political situation in the country; maintaining that it has created many economic and social issues for the country
Published 27 Aug, 2014 12:00am
MP&NR undecided to regulate LPG prices

MP&NR undecided to regulate LPG prices

The Ministry of Petroleum and Natural Resources (MP&NR) has resorted to delay in regulating prices of Liquefied Petroleum Gas (LPG) due to unknown reasons, it is learnt. According to petroleum ministry official, a summary for regulating the LPG prices was
Published 27 Aug, 2014 12:00am
Sit-ins cause huge loss to economy: Raja Ashfaq

Sit-ins cause huge loss to economy: Raja Ashfaq

Provincial Minister for Labour and Manpower Raja Ashfaq Sarwar said those hatching conspiracy against the constitution and the democracy will not be allowed to succeed. He said the demand of resignation of Prime Minister Muhammad Nawaz Sharif and Chief Mi
Published 27 Aug, 2014 12:00am
PML-N activists stage protest in Multan

PML-N activists stage protest in Multan

Activists of Pakistan Muslim League-Nawaz staged a protest on Tuesday in Multan. They shouted slogans against the Imran khan and Qadri. The protest was led by MNA Abdul Ghaffar Dogar. Carrying banner and placards, PML-N activists coming from different par
Published 27 Aug, 2014 12:00am
Afzal Khan should present evidence about claims: Malik

Afzal Khan should present evidence about claims: Malik

The Pakistan People's Party (PPP) Senator Rehman Malik has said that the former Additional Secretary of Election Commission of Pakistan (ECP) Afzal Khan should present evidences about his claims of rigging in general elections 2013 if he has any. Senator
Published 27 Aug, 2014 12:00am
Time running out to resolve crisis: Ghauri

Time running out to resolve crisis: Ghauri

Muttahida Qaumi Movement (MQM) leader Babar Ghauri on Tuesday said time is running out for the resolution of a political deadlock, adding that his party's priority is to save the state. Ghauri said this while addressing mediamen. He said quid pro quo is t
Published 27 Aug, 2014 12:00am
MSF stages protest against 'sit-ins'

MSF stages protest against 'sit-ins'

Activists of Muslim Students Federation (MSF), affiliated with ruling Pakistan Muslim League-Nawaz, staged a protest demonstration against the ongoing 'sit-ins', being staged by workers of Pakistan Tehreek-i-Insaf and Pakistan Awami Tehreek in federal cap
Published 27 Aug, 2014 12:00am
Jamaat-i-Islami playing active role to defuse tension: Hafiz Idrees

Jamaat-i-Islami playing active role to defuse tension: Hafiz Idrees

Jamaat-i-Islami Central vice ameer Hafiz Muhammad Idrees said his party is playing active role as mediator to defuse the current political tension, but not supporting any group, and called for ending political differences to steer the country out from the
Published 27 Aug, 2014 12:00am
Bachelor & Master degree programs: admissions announced

Bachelor & Master degree programs: admissions announced

Sindh University (SU) campus International University of Peace, Sufism & Modern Sciences Bhit Shah has announced the admissions to Bachelors & Master's Degree programs for the academic year 2015 in all five departments. The admission forms will be issued
Published 27 Aug, 2014 12:00am
Wi-tribe creates first ever 'Hi App'

Wi-tribe creates first ever 'Hi App'

Wi-tribe creates Pakistan's first ever, locally developed smartphone communication application 'Hi App'. The aim of this initiative is to utilise the immense pool of local talent and capitalise on wi-tribe's existing LDI infrastructure combined with creat
Published 27 Aug, 2014 12:00am
Stopping erosion in value of currency: PEW for control on forex movement

Stopping erosion in value of currency: PEW for control on forex movement

The Pakistan Economy Watch (PEW) on Tuesday expressed grave concern over retreat of rupee and suggested some control on free movement of foreign exchange to stop erosion in the value of local currency. The political situation is contributing to the devast
Published 27 Aug, 2014 12:00am
Operation in NWA: Tribal elders demand timeframe

Operation in NWA: Tribal elders demand timeframe

Tribal elders from North Waziristan Agency demanded the government to give timeframe for winding up the ongoing military operation, and ensuring repatriation of internally uprooted families, in cleared areas by security forces in the conflict-hit tribal a
Published 27 Aug, 2014 12:00am
SPSC announcement

SPSC announcement

The Sindh Public Service Commission Hyderabad interviewed the eligible candidates for the posts of Planning Officer BPS-17 Transport & Communication Section and Planning Officer BPS-17 (Male & Female) Health Section in Planning & Development Department, G
Published 27 Aug, 2014 12:00am
ECP briefs electoral reforms body

ECP briefs electoral reforms body

The Election Commission of Pakistan (ECP) briefed the members of Electoral Reforms Committee on the proposed reforms put forth by the commission. The committee met with Finance Minister Ishaq Dar in the chair here on Tuesday. Secretary Election Commission
Published 27 Aug, 2014 12:00am
APTMA KP seeks special relief package for business community

APTMA KP seeks special relief package for business community

All Pakistan Textile Mills Association (APTMA) has called for the announcement of special relief package for business community of Khyber Pakhtunkhwa. The call was made during a luncheon organised by Saleem Saifullah Khan, a member of APTMA Khyber Pakhtun
Published 27 Aug, 2014 12:00am
Three gunned down in Bannu

Three gunned down in Bannu

Unknown armed persons killed three persons here on Tuesday and managed to escape. According to police, the incident took place in FR Jani Khel area of Bannu where three persons riding a motorcycle came under attack by unknown assailants. Sources said that
Published 27 Aug, 2014 12:00am
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