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Print - 2014-09-12
IMF says Ebola will savage West African economies

IMF says Ebola will savage West African economies

The Ebola epidemic could slice more than three percentage points off economic growth in the worst-hit countries of West Africa, requiring hundreds of millions of dollars in financial aid, the IMF said Thursday. "Beyond the human toll, Ebola looks set to c
Published 12 Sep, 2014 12:00am
Red Cross to train more volunteers to scale up Ebola fight

Red Cross to train more volunteers to scale up Ebola fight

The Red Cross said Thursday it planned to train more than 2,000 extra volunteers to step up its response to the deadly Ebola outbreak ravaging west Africa. "With dozens of new cases emerging daily, this outbreak is showing no signs of slowing down," said
Published 12 Sep, 2014 12:00am
MH17 crash site still unsafe for investigators

MH17 crash site still unsafe for investigators

The site in eastern Ukraine where flight MH17 crashed two months ago is still too unsafe for investigators to resume the recovery of victims' remains, Dutch Defence Minister Jeanine Hennis-Plasschaert said Thursday. A cease-fire between Russian-backed sep
Published 12 Sep, 2014 12:00am
UN envoy calls for 'total cease-fire' in Libya

UN envoy calls for 'total cease-fire' in Libya

UN envoy to Libya Bernardino Leon called Thursday for an immediate cease-fire in the chaos-hit country, which is being torn apart by rival militia fighting and a deep political crisis. "A cease-fire must be total," said Leon, wrapping up a three-day visit
Published 12 Sep, 2014 12:00am
Iran warns of 'difficult road' in nuclear talks

Iran warns of 'difficult road' in nuclear talks

Iran and world powers have a "difficult road" ahead as they attempt to agree a nuclear deal by a November deadline, with major differences remaining, Tehran's lead negotiator said Thursday. "We are always optimistic. But we have a difficult road to go," A
Published 12 Sep, 2014 12:00am
Cash-strapped Zimbabwe to tax mobile phones

Cash-strapped Zimbabwe to tax mobile phones

Zimbabwe's finance minister on Thursday announced a raft of tax hikes, including on mobile phones, in a bid to boost dwindling government revenue as economic growth stalls. Harare is facing a revenue crisis so severe it has been forced to stagger civil se
Published 12 Sep, 2014 12:00am
Hamas begins paying workers backdated wages

Hamas begins paying workers backdated wages

Palestinian movement Hamas on Thursday began paying a months-long backlog of salaries to more than 40,000 of its employees in the Gaza Strip, the finance ministry announced. Hamas, which formally governed Gaza until early June, had been unable to pay many
Published 12 Sep, 2014 12:00am
ICC issues warrant for Darfur rebel leader's arrest

ICC issues warrant for Darfur rebel leader's arrest

The International Criminal Court on Thursday issued an arrest warrant against Darfur rebel leader Abdallah Banda, saying it was "unlikely" that he would voluntarily attend his war crimes trial, which was postponed indefinitely. Banda faces three war crime
Published 12 Sep, 2014 12:00am
RadioShack warns of bankruptcy

RadioShack warns of bankruptcy

RadioShack said Thursday it was seeking to restructure its finances and warned of possible bankruptcy as it reported a bigger loss for the second quarter. The electronics retailer said it was in talks with lenders, bondholders, shareholders and landlords
Published 12 Sep, 2014 12:00am
RadioShack warns of bankruptcy

RadioShack warns of bankruptcy

RadioShack said Thursday it was seeking to restructure its finances and warned of possible bankruptcy as it reported a bigger loss for the second quarter. The electronics retailer said it was in talks with lenders, bondholders, shareholders and landlords
Published 12 Sep, 2014 12:00am
Israel charges officer with beating Palestinian-American

Israel charges officer with beating Palestinian-American

Israel's justice ministry has charged a border policeman with assaulting and injuring a 15-year-old Palestinian-American dual national in July, according to the indictment seen by AFP Thursday. The policeman, whose name remains under a gag order, was indi
Published 12 Sep, 2014 12:00am
Estonia fury as Russia charges 'abducted' policeman with spying

Estonia fury as Russia charges 'abducted' policeman with spying

An Estonian policeman detained by Russian security services has been charged with espionage in a case that has sent tensions soaring between Moscow and its small Nato-member neighbour. Tallinn has accused Moscow of abducting Eston Kohver at gunpoint from
Published 12 Sep, 2014 12:00am
West hits Russia with new sanctions over Ukraine

West hits Russia with new sanctions over Ukraine

The West hit Russia with new sanctions over its role in the Ukraine conflict on Thursday after Kiev admitted losing more ground to the rebels, but Moscow angrily accused its foes of trying to wreck the push for peace. President Barack Obama announced that
Published 12 Sep, 2014 12:00am
BISE Lahore announces names of top achievers

BISE Lahore announces names of top achievers

Board of Intermediate & Secondary Education (BISE) Lahore announced the high achievers of Intermediate Annual Examination 2014 on Thursday. BISE Lahore Chairman Dr Muhammad Nasrullah Virk announced the top position achievers at a press conference. Accordi
Published 12 Sep, 2014 12:00am
DHA Karachi Brigadier Zubair assumes responsibility

DHA Karachi Brigadier Zubair assumes responsibility

Brigadier Zubair Ahmed has assumed responsibilities as Administrator of Defence Officers Housing Authority, said a press released issued here on Thursday. He was stated to have replaced Brigadier Muhammad Abdullah who has left for a new assignment at GHQ.
Published 12 Sep, 2014 12:00am
Shujaat wants 'guarantor' to implement government-protestors deal

Shujaat wants 'guarantor' to implement government-protestors deal

Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain has that said negotiations with Dr Tahirul Qadri and Imran Khan would only be beneficial if the guarantor was determined. Talking to media persons here on Thursday, he said that past expe
Published 12 Sep, 2014 12:00am
Petition filed against Rana Sanaullah

Petition filed against Rana Sanaullah

A contempt petition has been filed before the Lahore High Court against former law minister Rana Sanaullah for giving statement against Justice Ali Baqar Najfi during the inquiry held into Model Town incident. Petitioner Azhar Siddique Advocate submitted
Published 12 Sep, 2014 12:00am
Poor governance leads to political instability: report

Poor governance leads to political instability: report

Poor governance in Pakistan has led to alienation of the people. Lack of governance is evident in many ways: from precarious law and order in the country to serious social deficit and poor infrastructure especially electricity shortage. What the people se
Published 12 Sep, 2014 12:00am
'CAA inducting people on merit through help of NTS'

'CAA inducting people on merit through help of NTS'

Civil Aviation Authority is inducting people on merit through the help of NTS (National Testing Service). On the other hand, process of verifying the degrees of its employees from PG-1 to PG-11 and up till now CAA has identified around 50 employees who we
Published 12 Sep, 2014 12:00am
PAF Hajj contingent leaves for Jeddah

PAF Hajj contingent leaves for Jeddah

A Pakistan Air Force (PAF) Hajj Contingent comprising 80 pilgrims left for Jeddah from PAF Base Shahra-e-Faisal by C-130. The PAF Hajj contingent was seen off by Air Vice Marshal Farooq Habib, Commandant, Air War College PAF, Air Commodore Shahid Latif Ba
Published 12 Sep, 2014 12:00am
Microsoft Devices introduces Lumia-530 in Pakistan

Microsoft Devices introduces Lumia-530 in Pakistan

Microsoft Devices Group recently announced the availability of Lumia-530 in Pakistan, the most affordable Lumia smartphone to date, delivering an uncompromised experience with the latest Microsoft and Lumia innovations. It will be available for an estimat
Published 12 Sep, 2014 12:00am
Microsoft Devices introduces Lumia-530 in Pakistan

Microsoft Devices introduces Lumia-530 in Pakistan

Microsoft Devices Group recently announced the availability of Lumia-530 in Pakistan, the most affordable Lumia smartphone to date, delivering an uncompromised experience with the latest Microsoft and Lumia innovations. It will be available for an estimat
Published 12 Sep, 2014 12:00am
Youth urged to work for country's progress, prosperity

Youth urged to work for country's progress, prosperity

Energy, exuberance and excitement dominated proceedings of Pakistan's premier youth leadership summit "Young Leaders Conference (YLC)" which began here on Thursday under the aegis of School of Leadership (SoL) at a local hotel. The YLC which is a five-day
Published 12 Sep, 2014 12:00am
'EGO Pakistan' rescheduled

'EGO Pakistan' rescheduled

FAKT Exhibitions (Private) Limited is organising EGO Pakistan - The third International Energy, Gas, Oil and Power Exhibition & Conference, which was scheduled from September 18 to 20. In press statement, FAKT Exhibitions CEO Saleem Khan Tanoli said that
Published 12 Sep, 2014 12:00am
Khurram Sayeed takes charge as acting President FPCCI

Khurram Sayeed takes charge as acting President FPCCI

Khurram Sayeed, Vice President has taken over the charge as Acting President of FPCCI, during the foreign visit of Zakaria Usman President FPCCI, from 12th September, 2014. He is an energetic entrepreneur and one of the younger Vice Presidents of FPCCI. S
Published 12 Sep, 2014 12:00am
Army chief decides against another coup

Army chief decides against another coup

No doubt, weeks of mounting anti-government protests had been enough to convince five of the powerful army's 11 Corps Commanders that it was time for them to step in and force embattled Prime Minister Nawaz Sharif to resign, but they didn't do it by reite
Published 12 Sep, 2014 12:00am
India and China in wary dance as Xi visits South Asia

India and China in wary dance as Xi visits South Asia

China's president will kick off his first South Asia tour with a visit to Beijing's latest investment in Sri Lanka, a $1.4-billion port city development to include a marina and a Formula One track - all just 250 kilometres (150 miles) from India's coast.
Published 12 Sep, 2014 12:00am
Florida's new insurance sector may be 'accident waiting to happen'

Florida's new insurance sector may be 'accident waiting to happen'

As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an unproven record of withstandi
Published 12 Sep, 2014 12:00am
Incorrigible elites

Incorrigible elites

The overwhelming majority of poor and helpless voters-many of them victims of worst floods this year as well-after listening for days to marathon speeches of their representatives in the joint sessions of Parliament have come to the conclusion that the pr
Published 12 Sep, 2014 12:00am
The sit-in challenge

The sit-in challenge

In Islamabad, if you are to go from the Blue Area to the Red Zone which houses among other high offices the Main Secretariat, Parliament House and Supreme Court you should be prepared for body search by the vigilantes of Pakistan Tehreek-e-Insaf (PTI) and
Published 12 Sep, 2014 12:00am
FDI versus loan

FDI versus loan

The Federal Minister for Water and Power and Defence Khwaja Asif was tasked to rebut Imran Khan's claim that the 34 billion dollar contracts on energy, roads and transport sector that were to be signed during the scheduled visit of the Chinese President w
Published 12 Sep, 2014 12:00am
Clearance of fatty acid residue restricted to 'red channel'

Clearance of fatty acid residue restricted to 'red channel'

The Federal Board of Revenue (FBR) has restricted clearance of all consignments of Residue of Fatty Acids (ROFS) and Mixture of Fatty Acids to "red channel" of Web Based One Customs (WEBOC) to thwart any attempt to clear used cooking oil (banned item) thr
Published 12 Sep, 2014 12:00am
Jubilee Life honoured with second FPCCI Achievement Award 2013

Jubilee Life honoured with second FPCCI Achievement Award 2013

Jubilee Life, Pakistan's largest private sector insurer, has been awarded second FPCCI Achievement Award by The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for introduction of Micro-insurance services for low income people (life and h
Published 12 Sep, 2014 12:00am
Over 280 fresh graduates of LCMD conferred degrees

Over 280 fresh graduates of LCMD conferred degrees

As many as 282 MBBS and BDS students of Liaquat College of Medicine & Dentistry (LCMD) were awarded degrees at its second Convocation held here on Thursday at Expo Centre. Sindh Minister for Health, Dr Sagheer Ahmed, Karachi University Vice Chancellor Pro
Published 12 Sep, 2014 12:00am
Rail track blown up in Bolan

Rail track blown up in Bolan

Railway track was blown up near railway crossing in Bala Narri area of Mach on Thursday morning. According to levies sources, some unidentified miscreants planted explosive material under railway track which went off with big bang, damaging a portion of t
Published 12 Sep, 2014 12:00am
Journalists stage hunger strike camp outside Balochistan Assembly

Journalists stage hunger strike camp outside Balochistan Assembly

Balochistan Union of Journalist (BUJ) on Thursday held a hunger strike camp outside the Balochistan Assembly to protest against the killing of journalists, attack on media houses and other issues. President BUJ Irfan Saeed, President Quetta Press Club Raz
Published 12 Sep, 2014 12:00am
Forex reserves fall by $163 million

Forex reserves fall by $163 million

The country's liquid foreign exchange reserves posted a decline of $163 million during the last week. According to State Bank of Pakistan's weekly report issued Thursday, the country's total liquid forex reserves stood at $13.415 billion on September 5, 2
Published 12 Sep, 2014 12:00am
HC of Bangladesh meets Anusha Rahman

HC of Bangladesh meets Anusha Rahman

High Commissioner of Bangladesh on Thursday calls on Minister for IT and Telecom Anusha Rahman. The High Commissioner of Bangladesh Suhrab Hossain called on the Minister for IT and Telecom Anusha Rahman here, in her office today. They discussed mutual co-
Published 12 Sep, 2014 12:00am
Pakistan condemns use, recruitment of children in armed conflicts

Pakistan condemns use, recruitment of children in armed conflicts

Pakistan on Thursday condemned recruitment and use of children in armed conflicts at the United Nation. Participating in the open debate at the UN Security Council, Pakistan's Permanent Representative to the UN Ambassador Masood Khan called for stopping v
Published 12 Sep, 2014 12:00am
Country received $317.6 million foreign inflows in July

Country received $317.6 million foreign inflows in July

Pakistan received foreign inflows of over $ 317.6 million, including $ 315.79 million loans and $ 1.88 million grants in July 2014 out of total budgeted estimates of foreign assistance of $ 7.4 billion, according to the website uploaded by the Economic Af
Published 12 Sep, 2014 12:00am
Bail plea of PPP MNA: SHC issues fresh notice to Arshad Pappu's widow

Bail plea of PPP MNA: SHC issues fresh notice to Arshad Pappu's widow

The Sindh High Court (SHC) on Thursday issued a fresh notice to the complainant, Arshad Pappu's widow, to respond to a bail application of Pakistan People's Party (PPP) MNA Shahjahan Baloch, one of the accused in the Pappu murder case. A division bench, h
Published 12 Sep, 2014 12:00am
Political crisis needs to be resolved through talks: Afaq

Political crisis needs to be resolved through talks: Afaq

Muttahida Qaumi movement (Haqiqi) chief Afaq Ahmed on Thursday said that prevailing political crisis in Pakistan should be resolved through dialogue. In his press conference here, he said that the demands of both the chiefs of Pakistan Tehrik-e-Insaf(PIT)
Published 12 Sep, 2014 12:00am
Azadi, Inqilab sit-ins: LHC to resume hearing today

Azadi, Inqilab sit-ins: LHC to resume hearing today

A full bench of the Lahore High Court would resume hearing of petitions against Azadi and Inqilab marches and sit-ins by PTI and Pakistan Awami Tehreek (PAT) on Friday (today). On August 13, the bench through an interim order had restrained PTI and PAT fr
Published 12 Sep, 2014 12:00am
SECP to ease regulatory compliance regime

SECP to ease regulatory compliance regime

Securities and Exchange Commission of Pakistan (SECP) Chairman Tahir Mahmood has said that procedural improvements are being made to ease the regulatory compliance regime for registered entities. The SECP is working towards improving the business climate
Published 12 Sep, 2014 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted five officers of Pakistan Customs Service (BS 17-20) with immediate effect.
Published 12 Sep, 2014 12:00am
SCO meeting Sartaj leaves for Dushanbe

SCO meeting Sartaj leaves for Dushanbe

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz left for Dushanbe, Tajikistan on Thursday as the head of a delegation to represent Pakistan at the meeting of the Shanghai Co-operation Organisation (SCO)'s Council of Head
Published 12 Sep, 2014 12:00am
KP-BoIT successfully fetches Rs three billion investment

KP-BoIT successfully fetches Rs three billion investment

Mohsin Aziz, Vice Chairman Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) said, "Khyber Pakhtunkhwa Board of Investment and Trade succeeded in attracting Rs 3 billion investments in KP". The KP-BoIT has started investment through private inves
Published 12 Sep, 2014 12:00am
Preservation of Persian language: UoP, Iranian Consulate to work jointly

Preservation of Persian language: UoP, Iranian Consulate to work jointly

University of Peshawar (UoP) and the Iranian Consulate in Peshawar on Thursday, vowed to work jointly for the preservation of Persian language. The decision was taken in a meeting of the newly appointed Consul General of Iran Saeid Zinati with the Vice-Ch
Published 12 Sep, 2014 12:00am
Punjab to promote international religious tourism for better economy

Punjab to promote international religious tourism for better economy

The Punjab government has decided to promote international religious tourism for strengthening the economy of the country. In first phase, the Punjab government has given task to the Punjab Planning and Development Board, Provincial Departments of Tourism
Published 12 Sep, 2014 12:00am
13 executive committee members of FCCI elected unopposed

13 executive committee members of FCCI elected unopposed

All the 13 candidates for the vacant seats of the executive committee of Faisalabad Chamber of Commerce and Industry(FCCI) for the year 2014-16 have been declared elected unopposed unofficially. Addressing a press conference here on Thursday, Shahid Ahmed
Published 12 Sep, 2014 12:00am
PIAF-Founders Alliance gets more support in LCCI elections

PIAF-Founders Alliance gets more support in LCCI elections

PIAF-Founders Alliance on Thursday secured more support as traders of Steel Sheet Market and industrialists of Lahore Township Industrial Estate announced to back Alliance candidates in the LCCI elections scheduled for September 22 and 23.
Published 12 Sep, 2014 12:00am
Dengue outbreak: Shahbaz for all possible efforts

Dengue outbreak: Shahbaz for all possible efforts

Punjab Chief Minister Shahbaz Sharif has issued instructions for all possible efforts to prevent outbreak of dengue. He said that in view of recent rains all-out resources should be utilised for this purpose. He said that the policy formulated to cope wit
Published 12 Sep, 2014 12:00am
IESCO power suspension notice

IESCO power suspension notice

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 September 12 8am to 11am, Jamia Masjid, Dk Khabba, Sarafa Bazar, Banni feeders, on Septembe
Published 12 Sep, 2014 12:00am
Businessmen Group sweeps APTMA elections for sixth consecutive term

Businessmen Group sweeps APTMA elections for sixth consecutive term

The Businessmen Group, under the guidance of Group leader Gohar Ejaz, has swept APTMA annual elections for 2014-15 for sixth consecutive term both in centre and all the three zones. All candidates of Businessmen Group were elected unopposed on 12 seats fo
Published 12 Sep, 2014 12:00am
Danish trade team to visit Pakistan soon: envoy

Danish trade team to visit Pakistan soon: envoy

Danish Ambassador, Jesper Moller Sorensen, said here on Thursday that a first high-powered trade delegation of Denmark will visit Pakistan soon to hold meetings with representatives of seven Pakistani companies and trade bodies to discuss and explore poss
Published 12 Sep, 2014 12:00am
Government will be ousted by month-end: Qadri

Government will be ousted by month-end: Qadri

Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri Thursday claimed that he was nearing success and that the sit-in protesters would be home for Eid-ul-Azha after ousting the government by September end. Talking to a select group of journalists inside hi
Published 12 Sep, 2014 12:00am
Police disperse protesting teachers

Police disperse protesting teachers

Police Thursday resorted to baton-charge and used water cannons to disperse dozens of teachers protesting over non-payment of their salaries outside Bilawal House. The police took action as the protesting teachers marched towards Bilawal House from Boat B
Published 12 Sep, 2014 12:00am
Four killed in separate incidents of violence

Four killed in separate incidents of violence

At least four people were killed in separate incidents of violence, here on Thursday. According to police and rescue sources, Syed Ali Hassan, 65, father of National Bank of Pakistan's Senior Executive Vice President Syed Ibn-e- Hasan was gunned down by u
Published 12 Sep, 2014 12:00am
Medical students will be sent to flood-hit areas

Medical students will be sent to flood-hit areas

On the instruction of Punjab Chief Minister, fourth year MBBS students will be sent in the form of groups to flood-hit areas to help medical teams in the provision of treatment facilities to the flood affectees. This was stated by Advisor to CM on Health
Published 12 Sep, 2014 12:00am
Navy augmenting flood relief operation

Navy augmenting flood relief operation

Pakistan Navy is augmenting its flood relief operation with additional air and water borne assets to provide all-out assistance to the flood affectees of Chiniot and Jhang. Pakistan Navy Rescue teams; geared up with Seaking & Alouette helicopters, Zulu bo
Published 12 Sep, 2014 12:00am
'Reservoirs should be built to store flood water'

'Reservoirs should be built to store flood water'

Water reservoirs should be built to restore the flood water in the country. This was stated by the General Secretary of Quaid-e-Millat Liaquat Ali Khan Memorial Committee, Mehfooz-un-Nabi Khan in a press release. Referring to the research work of world re
Published 12 Sep, 2014 12:00am
Elahi visits flood-hit areas, distributes relief items

Elahi visits flood-hit areas, distributes relief items

Pakistan Muslim League-Quaid (PML-Q) senior leader Ch Parvez Elahi on Thursday visited the flood-hit areas of Qadirabad and Mandi Bahauddin and distributed ration and tents among the flood-affected people of 14 villages. Speaking on the occasion, Elahi sa
Published 12 Sep, 2014 12:00am
Punjab-based textile industry: loadshedding returns to 8 hours a day

Punjab-based textile industry: loadshedding returns to 8 hours a day

Power load shedding for the Punjab-based textile industry returned to eight hours a day from earlier 10 hours a day, said sources. According to the well placed sources, the NTDC returned to original plan after holding 10 hours a day electricity load shedd
Published 12 Sep, 2014 12:00am
KPT hires Nespak for reconstruction of jetties

KPT hires Nespak for reconstruction of jetties

The Karachi Port Trust (KPT) hired consultancy services of state-owned National Engineering Services Pakistan (Pvt) Limited (Nespak) for the reconstruction of two jetties at Manora and Keamari Islands in Karachi. According to the spokesperson of the NESPA
Published 12 Sep, 2014 12:00am
Performance of Discos: collection declines while line losses soar

Performance of Discos: collection declines while line losses soar

The revenue collection has come down to 81 percent against 104 percent in 2009-10 and the line losses have reached to 26 percent in July 2014 against 25.7 percent in July 2013 in all the 10 Discos in the country. It may be noted that the Nepra has allowed
Published 12 Sep, 2014 12:00am
World First Aid Day observed

World First Aid Day observed

The World First Aid Day 2014 was observed here on Thursday in Punjab to highlight the importance of first aid training and saving lives. The Punjab Emergency Service (Rescue 1122) marked the day by providing emergency cover and first aid to the thousands
Published 12 Sep, 2014 12:00am
Rooftop restaurant: LDA decides to auction tenancy rights

Rooftop restaurant: LDA decides to auction tenancy rights

Lahore Development Authority (LDA) decided to auction tenancy rights of rooftop restaurant, built at the 10th floor of Park N Ride Plaza, Liberty Market, Lahore, for a period of 10 years. The auction will be held on September 25 at LDA Community Centre, d
Published 12 Sep, 2014 12:00am
Reference against judge: SCBA takes exception to ex-minister's statement

Reference against judge: SCBA takes exception to ex-minister's statement

Supreme Court Bar Association (SCBA) has taken exception to a statement of Punjab's former Law minister Rana Sanaullah Khan about moving a reference against Justice Ali Baqar Najafi of the Lahore High Court. In a statement issued here on Thursday, Secreta
Published 12 Sep, 2014 12:00am
Parveen Saeed Haroon laid to rest

Parveen Saeed Haroon laid to rest

Funeral prayer of Begum Parveen Saeed Haroon, mother of well known politician and former envoy to UN Abdullah Hussain Haroon and Hameed Haroon, President of All Pakistan Newspapers Society (APNS) was offered at her residence after Zohar prayers here on Th
Published 12 Sep, 2014 12:00am
HRCP urges government to announce formal moratorium on executions

HRCP urges government to announce formal moratorium on executions

The Human Rights Commission of Pakistan (HRCP) has expressed grave concern over reports that despite an informal moratorium on executions, a murder convict is scheduled to be hanged in Adiala Jail, Rawalpindi on September 18. HRCP urged the government to
Published 12 Sep, 2014 12:00am
Punjab approves uplift schemes worth Rs 847.660 million

Punjab approves uplift schemes worth Rs 847.660 million

The Punjab government approved development schemes of different sectors with an estimated cost of Rs 847.660 million on Thursday. The approved development schemes included: Remodelling of Storm Water Channel No.1 Sheikhupura Road to Paharang Drain, Faisal
Published 12 Sep, 2014 12:00am
Indian rupee snaps two-day fall

Indian rupee snaps two-day fall

The Indian rupee marginally snapped a two-day losing streak on Thursday after a largely volatile trading session during which the local unit closely mirrored the domestic share market ahead of key data points due later in the week. Caution is expected to
Published 12 Sep, 2014 12:00am
Dollar holds gains in Asia

Dollar holds gains in Asia

The US dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said the kiwi's current level was "unjustified and unsustainable". The US doll
Published 12 Sep, 2014 12:00am
Dollar hits six-year high versus yen in London

Dollar hits six-year high versus yen in London

The dollar powered to a fresh six-year high against the yen on Thursday, while sterling got some respite from a poll that helped calm nerves over Scotland's vote on independence in a week's time. The poll late on Wednesday showed 53 percent of Scots inten
Published 12 Sep, 2014 12:00am
Early trade in New York: Dollar weakens after jobless claims

Early trade in New York: Dollar weakens after jobless claims

The US dollar retreated from six-year highs against the yen after data showed that more Americans filed for unemployment benefits last week, though the dollar index remained on track to post its ninth consecutive week of gains. Initial claims for state un
Published 12 Sep, 2014 12:00am
Dollar strengthens

Dollar strengthens

The dollar strengthened to a six-year high against the yen on Wednesday as US Treasury yields ground higher, while the Australian dollar sank to six-month lows as investors unwound carry trades that have benefited the commodity currency.
Published 12 Sep, 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 Thursday. 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-06.75 percent (Previous 05.50-06.75 percent).
Published 12 Sep, 2014 12:00am
Most emerging Asian currencies edge up

Most emerging Asian currencies edge up

Most emerging Asian currencies edged up on Thursday as investors cut bearish bets amid some hopes of more economic stimulus from China after inflation data, while caution remained over the timing of a rate hike by the US Federal Reserve. The South Korean
Published 12 Sep, 2014 12:00am
Russian ruble hits record low as sanctions loom

Russian ruble hits record low as sanctions loom

The Russian ruble slumped to another record low against the dollar on Thursday as the European Union prepared to hit Moscow with harsher sanctions over the Ukraine crisis. The ruble weakened to 37.57 against the dollar at about 1135 GMT, a new record afte
Published 12 Sep, 2014 12:00am
Sterling a touch stronger

Sterling a touch stronger

Sterling steadied on Thursday on the back of some more comforting polling for financial investors worried by the prospect of Scottish independence, with all eyes peeled for the next round of surveys. A feverish run in to the Scottish vote next week has se
Published 12 Sep, 2014 12:00am
Shanghai copper up

Shanghai copper up

The most-traded November copper contract on the Shanghai Futures Exchange traded up 0.1 percent at 48,910 yuan ($7,981) a tonne on Thursday. An abrupt slowdown in China's credit growth as well as wobbles in Europe's economy as result of sanctions over the
Published 12 Sep, 2014 12:00am
Copper slides to near-three-month low

Copper slides to near-three-month low

Copper and zinc led base metals lower on Thursday after Chinese inflation data fanned worries about growth in the world's largest metals consumer. Copper fell to its lowest in nearly three months on the London Metal Exchange, while aluminium dropped to a
Published 12 Sep, 2014 12:00am
Rubber slips

Rubber slips

Tokyo rubber futures slipped on Thursday as concerns over weak demand amid a supply glut in major producing countries continued to weigh on prices, encouraging investors to sell contracts to stop losses, dealers said. The Tokyo Commodity Exchange rubber c
Published 12 Sep, 2014 12:00am
Soyabeans and wheat set new contract lows

Soyabeans and wheat set new contract lows

New-crop US soyabean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of US crop reports that are expected to show a rise in the government's harvest projections. Wheat also notched a contract low, weighed
Published 12 Sep, 2014 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose to a more-than-three-week high on Thursday, lifted by hopes that demand might be picking up after a jump in exports, although caution over palm stocks that have swollen past 2 million tonnes kept a lid on gains. Shipments o
Published 12 Sep, 2014 12:00am
ICE sugar slips

ICE sugar slips

ICE sugar futures slipped on Thursday, down for the seventh straight day and hitting their lowest in more than four years on pressure from heavy investor spreading, plentiful supplies and reluctant selling in Brazil. Arabica coffee futures on ICE Futures
Published 12 Sep, 2014 12:00am
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