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Print - 2014-09-19
Cambodian garment workers press factories for pay rise

Cambodian garment workers press factories for pay rise

Cambodian trade unionists and hundreds of garment workers on Wednesday launched a campaign for a $77 monthly pay hike, turning up the pressure on factories ahead of looming wages talks. About 500 workers joined a brief rally at a garment factory in an ind
Published 19 Sep, 2014 12:00am
G20 grapples with growth targets as eurozone drags

G20 grapples with growth targets as eurozone drags

Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two percent while being held back by a sickly eurozone recovery. Strengthening global growth, creating jobs and how to achieve th
Published 19 Sep, 2014 12:00am
Cyprus civil servants cancel strike as tax plan shelved

Cyprus civil servants cancel strike as tax plan shelved

Civil servants in Cyprus on Thursday called off strike action after the government shelved plans to tax lucrative one-off retirement bonuses as part of efforts to reduce the budget deficit Public sector unions backed out of the industrial action that had
Published 19 Sep, 2014 12:00am
Global monetary tightening poses limited risks for Brazil

Global monetary tightening poses limited risks for Brazil

An expected global monetary in some developed countries next year poses limited risks for Brazilian corporate borrowers, which may face higher borrowing costs and less available financing in international markets, the nation's central bank said on Thursda
Published 19 Sep, 2014 12:00am
Argentina's Congress approves supply bill; business frets

Argentina's Congress approves supply bill; business frets

President Cristina Fernandez's campaign to bolster the state's role in Argentina's economy took a big step forward on Thursday when lawmakers approved a bill that will allow the government to intervene in the pricing and output levels of large companies.
Published 19 Sep, 2014 12:00am
Swiss exports drop in August

Swiss exports drop in August

Switzerland's exports fell in August for the first time since May, due to lower sales of chemicals, pharmaceuticals and machinery and electronic products, data showed on Thursday. Demand from the rest of Europe, Switzerland's biggest export market, weaken
Published 19 Sep, 2014 12:00am
Two small Russian banks taken off Canada sanctions list

Two small Russian banks taken off Canada sanctions list

Canada, one of the harshest critics of Russia's involvement in Ukraine, this week quietly cancelled sanctions against Expobank and RosEnergoBank, two small Russian banks on which it imposed the measures earlier this year. The cancellations were put into e
Published 19 Sep, 2014 12:00am
Russia approves tough budget as sanctions restrict growth

Russia approves tough budget as sanctions restrict growth

Russia approved a fragile budget on Thursday that promises to cover generous social spending and control borrowing, but relies on high oil prices and reserves to try to overcome the economic damage of Western sanctions. For months Russian officials have p
Published 19 Sep, 2014 12:00am
China's house prices fall further

China's house prices fall further

Worries that China's economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity. For now, policy easing is likely to
Published 19 Sep, 2014 12:00am
Western sanctions violate WTO principles, says Putin

Western sanctions violate WTO principles, says Putin

Russian President Vladimir Putin Thursday slammed the European Union and the United States for violating basic World Trade Organisation principles in their bid to punish Russia over the Ukraine crisis. "Limits introduced against Russia are none other than
Published 19 Sep, 2014 12:00am
Air France scraps 60pc of flights as unions reject strike offer

Air France scraps 60pc of flights as unions reject strike offer

French flag carrier Air France was forced to scrap around 60 percent of flights on Thursday, as unions rejected a fresh offer to end a strike now in its fourth day. Pilots' union SNPL slapped down as "largely insufficient" an offer from Air France to limi
Published 19 Sep, 2014 12:00am
Household net worth rises to record $81.5 trillion

Household net worth rises to record $81.5 trillion

The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among US consumers. Net worth nudged up 1.7 percent to $81.5 trillion,
Published 19 Sep, 2014 12:00am
Household net worth rises to record $81.5 trillion

Household net worth rises to record $81.5 trillion

The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among US consumers. Net worth nudged up 1.7 percent to $81.5 trillion,
Published 19 Sep, 2014 12:00am
US jobless claims data point to firming labour market

US jobless claims data point to firming labour market

The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting a sharp slowdown in job growth in August was an aberration. While other data on Thursday showed some weakness in home building and factory ac
Published 19 Sep, 2014 12:00am
IMF cuts Italy growth outlook, hikes deficit, debt

IMF cuts Italy growth outlook, hikes deficit, debt

Italy's economy will shrink in 2014 for a third year running, while the public debt will continue to rise, the International Monetary Fund said on Thursday, calling on Matteo Renzi's government to follow through on promised reforms. Gross domestic product
Published 19 Sep, 2014 12:00am
IMF cuts Italy growth outlook, hikes deficit, debt

IMF cuts Italy growth outlook, hikes deficit, debt

Italy's economy will shrink in 2014 for a third year running, while the public debt will continue to rise, the International Monetary Fund said on Thursday, calling on Matteo Renzi's government to follow through on promised reforms. Gross domestic product
Published 19 Sep, 2014 12:00am
Alibaba set to price IPO shares amid investor frenzy

Alibaba set to price IPO shares amid investor frenzy

Underwriters for Alibaba Group Holdings are planning to allocate the bulk of the heavily anticipated offering from the Chinese e-commerce company to a group of 25 to 50 large institutions when pricing is completed after the close of trading Thursday, peop
Published 19 Sep, 2014 12:00am
Alibaba set to price IPO shares amid investor frenzy

Alibaba set to price IPO shares amid investor frenzy

Underwriters for Alibaba Group Holdings are planning to allocate the bulk of the heavily anticipated offering from the Chinese e-commerce company to a group of 25 to 50 large institutions when pricing is completed after the close of trading Thursday, peop
Published 19 Sep, 2014 12:00am
UAE, Qatar bourses up on FTSE index review

UAE, Qatar bourses up on FTSE index review

An influx of foreign funds due to changes in some FTSE indexes boosted stock markets in the United Arab Emirates and Qatar on Thursday, while Egyptian real estate developer Medinet Nasr surged after announcing an ambitious sales target. Dubai's main index
Published 19 Sep, 2014 12:00am
Hong Kong shares lower, China stocks rise

Hong Kong shares lower, China stocks rise

Hong Kong stocks closed 0.85 percent lower Thursday, giving up most of the previous day's gains, after the US Federal Reserve suggested an eventual interest rate hike tipped for late next year could be more than forecast. The Hang Seng Index shed 207.69 p
Published 19 Sep, 2014 12:00am
Wall Street edges higher after Fed; Dow sets record

Wall Street edges higher after Fed; Dow sets record

US stocks edged higher in volatile trading on Wednesday after the US Federal Reserve renewed its pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labour market, standing firm against calls to overha
Published 19 Sep, 2014 12:00am
Treasuries drop

Treasuries drop

US Treasury debt prices fell on Wednesday after the Federal Reserve kept in place near-zero interest rates and other ultra-loose US monetary policies meant to boost economic growth. After surrendering early gains spurred by unexpectedly tame US inflation
Published 19 Sep, 2014 12:00am
Treasuries drop

Treasuries drop

US Treasury debt prices fell on Wednesday after the Federal Reserve kept in place near-zero interest rates and other ultra-loose US monetary policies meant to boost economic growth. After surrendering early gains spurred by unexpectedly tame US inflation
Published 19 Sep, 2014 12:00am
Tokyo stocks jump 1.13 percent

Tokyo stocks jump 1.13 percent

Tokyo's Nikkei stock index rose 1.13 percent Thursday to its highest close since early January as a sharply weaker yen boosted exporter shares, but Sony plunged after warning of a huge annual loss. The benchmark Nikkei at the Tokyo Stock Exchange added 17
Published 19 Sep, 2014 12:00am
Indian shares gain most in over three months

Indian shares gain most in over three months

Indian shares surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals. Traders said a report
Published 19 Sep, 2014 12:00am
European shares hit two-week high

European shares hit two-week high

European equities closed higher on Thursday, with a key index climbing to a two-week high after the US Federal Reserve renewed its pledge to keep interest rates ultra-low for a considerable time. However, British shares slightly underperformed as voting g
Published 19 Sep, 2014 12:00am
Australian shares end losing streak

Australian shares end losing streak

Australian shares ended added 0.2 percent on Thursday, snapping six sessions of losses in choppy trade as a strong US dollar helped local exporters, though a drop in iron ore prices hurt the resource sector. The S&P/ASX 200 index added 8.6 points to 5,415
Published 19 Sep, 2014 12:00am
Most Southeast Asian markets higher

Most Southeast Asian markets higher

Most Southeast Asian markets gained on Thursday, with banking shares outperforming in Malaysia before the central bank rate decision, while stocks in Indonesia and Thailand closed at their highest in more than a week. Malaysia's central bank kept its key
Published 19 Sep, 2014 12:00am
FTSE gains as investors bet Scotland will stay in UK

FTSE gains as investors bet Scotland will stay in UK

Britain's top shares rose on Thursday as investors started to price in a vote by Scotland to remain in the United Kingdom, with further support coming from expectations that interest rates will stay low in the United States for an extended period. As voti
Published 19 Sep, 2014 12:00am
Dollar sets fresh six-year high versus yen in Asia

Dollar sets fresh six-year high versus yen in Asia

The dollar hit a six-year high against the yen on Thursday after the Federal Reserve's guidance on interest rates highlighted the diverging pathways between the United States and other rich nations. The greenback raced to a high of 108.69 yen, its stronge
Published 19 Sep, 2014 12:00am
Norwegian crown, Swiss franc gain in London

Norwegian crown, Swiss franc gain in London

The Swiss franc and Norwegian crowns both gained after central bank meetings on Thursday, their moves a reflection of the greater volatility and activity that has begun to return to currency markets after a slack year. The dollar, whose surge since July i
Published 19 Sep, 2014 12:00am
Early trade in New York: dollar hits six-year peak against yen

Early trade in New York: dollar hits six-year peak against yen

The dollar rose to a more than six-year peak against the yen on Thursday, after data showed US jobless claims fell more than expected last week, reinforcing the market's view that US interest rates will rise sooner rather than later. The dollar index, a m
Published 19 Sep, 2014 12:00am
Dollar climbs against yen in New York

Dollar climbs against yen in New York

The dollar jumped to a six-year high against the yen on Wednesday while the euro tumbled from five-month peaks after forecasts from the Federal Reserve showed a faster pace of rate hikes over the next few years than had been projected in June. The Fed's s
Published 19 Sep, 2014 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 06.50-08.25 percent (* Previous 06.25-08.25 percent). (* revised)
Published 19 Sep, 2014 12:00am
Australian and New Zealand dollar hit multi-month lows

Australian and New Zealand dollar hit multi-month lows

The Australian and New Zealand dollars skidded to multi-month lows on Thursday as the Federal Reserve's outlook for raising rates underlined the diverging path between the United States and most developed economies, pushing the greenback higher. The Austr
Published 19 Sep, 2014 12:00am
Asian FX rattled by Fed rates view

Asian FX rattled by Fed rates view

Emerging Asian currencies dropped on Thursday as the US Federal Reserve's outlook for rising rates stoked concerns that regional assets may lose some of their high-yield appeal. The Malaysian ringgit fell to a near four-month low ahead of the central bank
Published 19 Sep, 2014 12:00am
Indian rupee soars

Indian rupee soars

The Indian rupee gained on Thursday tracking a rally in domestic shares on hopes the country would retain its appeal to foreign investors, despite uncertainty about the outlook for US interest rates that hit other emerging markets. The US Federal Reserve
Published 19 Sep, 2014 12:00am
Sterling hits two-year high versus euro

Sterling hits two-year high versus euro

Sterling rose on Thursday, hitting a two-year peak against the euro and a near two-week high against the dollar on growing expectations that Scotland will vote to stay within the United Kingdom. Thursday's vote on whether Scotland will opt for independenc
Published 19 Sep, 2014 12:00am
Li Na set to retire

Li Na set to retire

China's two-time Grand Slam-winner Li Na is poised to retire, state media reported Thursday, in a move which would bring down the curtains on Asia's most successful tennis career. The sports channel of state-owned CNTV cited Li's agency, IMG, as saying th
Published 19 Sep, 2014 12:00am
Wozniacki battles for win in Tokyo

Wozniacki battles for win in Tokyo

Former world number one Caroline Wozniacki battled from behind to beat Jarmila Gajdosova 4-6, 7-5, 6-3 at the WTA Pan Pacific Open Thursday in her first match since losing in the US Open final. The 24-year-old Dane, seeded second, needed two hours and 11
Published 19 Sep, 2014 12:00am
Miandad says Ajmal not essential to World Cup hopes

Miandad says Ajmal not essential to World Cup hopes

Batting legend Javed Miandad said Thursday Pakistan could still win next year's World Cup even if star spinner Saeed Ajmal remained suspended due to a chucking ban. Ajmal, the world's leading one-day bowler, was suspended last week after tests found his a
Published 19 Sep, 2014 12:00am
Kirilenko into Korea Open quarters

Kirilenko into Korea Open quarters

Russia's Maria Kirilenko reached her first quarter-final of the year on Thursday when she came from behind to beat Czech third seed Klara Koukalova at the WTA Korea Open. The former world number 10, who has fallen out of the top 100 this year because of a
Published 19 Sep, 2014 12:00am
Sutherland stays as Cricket Australia chief

Sutherland stays as Cricket Australia chief

James Sutherland has been reappointed as Cricket Australia's chief executive beyond the 2015 World Cup, the organisation said Thursday. Sutherland, 49, took over CA's top post in 2001 at the age of 35 as the youngest chief executive to be named by the gov
Published 19 Sep, 2014 12:00am
Gervinho, Totti destroy sorry CSKA

Gervinho, Totti destroy sorry CSKA

Forward Gervinho and 37-year-old captain Francesco Totti produced virtuoso performances to help AS Roma maul a shambolic CSKA Moscow 5-1 against an ugly backdrop of crowd violence in the Champions League on Wednesday. Gervinho scored twice and set up anot
Published 19 Sep, 2014 12:00am
Boateng goal hands Bayern win over Manchester City

Boateng goal hands Bayern win over Manchester City

A last-gasp goal from defender Jerome Boateng gave Bayern Munich a 1-0 win over Manchester City in their opening Champions League Group E clash on Wednesday. Boateng broke the deadlock with a powerful shot after the Germans controlled the game, but failed
Published 19 Sep, 2014 12:00am
FIFA orders officials to hand back luxury watches

FIFA orders officials to hand back luxury watches

FIFA officials were on Thursday given until October 24 to hand back luxury watches offered as 'gifts' by the Brazilian Football Confederation (CBF). The order was handed down by the Investigatory Chamber of FIFA's Ethics Committee. A statement said that t
Published 19 Sep, 2014 12:00am
Pique header gives Barca drab 1-0 win over APOEL

Pique header gives Barca drab 1-0 win over APOEL

An under-strength Barcelona got their Champions League campaign off to a solid if unspectacular start when Gerard Pique's header secured a laboured 1-0 win at home to APOEL in their Group F opener on Wednesday. Barca predictably dominated their Cypriot vi
Published 19 Sep, 2014 12:00am
Jordan in upset win over UAE; North Korea beat Pakistan

Jordan in upset win over UAE; North Korea beat Pakistan

United Arab Emirates slumped to a 1-0 Asian Games defeat to Jordan on Thursday as North Korea booked their place in the second round of the football contest. The Gulf side, silver medallists in 2010, had hoped to reach the second round after their opening
Published 19 Sep, 2014 12:00am
Qatar send record women's contingent

Qatar send record women's contingent

Qatar has included a record 55 women in its Asian Games team and they are not just there as window dressing, their delegation leader told AFP on Wednesday. The 55 are among a Qatari delegation of 260 athletes at the Incheon games which start on Friday. Mi
Published 19 Sep, 2014 12:00am
Smiles and scrums as North Korea flag goes up for Asian Games

Smiles and scrums as North Korea flag goes up for Asian Games

North Korea's flag was raised Thursday at the Asian Games athletes' village as competitors from the reclusive state batted off journalists' questions with polite smiles and stony silence. Normally anyone waving the North's flag or singing its national ant
Published 19 Sep, 2014 12:00am
Download woes and HealthKit flaw bite iPhone software

Download woes and HealthKit flaw bite iPhone software

Apple's typically adoring fans were grousing on Thursday over having to dump pictures and other digital keepsakes from iPhones to make room for a big, new operating system. Advice went out early that those intent on updating iPhones, iPads or iPods to iOS
Published 19 Sep, 2014 12:00am
Argentina slams US airline for restricting ticket sales

Argentina slams US airline for restricting ticket sales

Argentina accused American Airlines Thursday of generating uncertainty in its economy by restricting ticket sales bought in the South American country to within 90 days of travel. The airline has not explained the measure, but analysts suggested it was li
Published 19 Sep, 2014 12:00am
Tight EU borders fuel deadly smuggling business: Amnesty

Tight EU borders fuel deadly smuggling business: Amnesty

Tight EU border controls are fuelling the business of smugglers who allegedly sank a boat in the Mediterranean last week, killing 500 migrants on board, Amnesty International said Thursday. Nicholas Beger, who heads Amnesty's European Institutions Office
Published 19 Sep, 2014 12:00am
Yemen clashes kill nearly 40

Yemen clashes kill nearly 40

Fighting between Shia rebels and Sunni Islamists backed by troops killed nearly 40 people outside Sanaa Thursday, as the UN envoy huddled in the rebel stronghold to try to end Yemen's political crisis. Fighting raged between the rebels, known as Huthis or
Published 19 Sep, 2014 12:00am
Suicide bombing, shelling kill 14 in Baghdad

Suicide bombing, shelling kill 14 in Baghdad

A suicide bombing and shelling in the Shia-majority Kadhimiyah district of north Baghdad killed at least 14 people on Thursday, security and medical officials said. The attacks also wounded more than 30 people, the officials said. There was no immediate c
Published 19 Sep, 2014 12:00am
US strikes jihadist training camp as France to join air war

US strikes jihadist training camp as France to join air war

US warplanes hit an Islamic State group training camp in Iraq Thursday in their first strike not directly supporting Iraqi or Kurdish forces as France announced it will join the air war. The jihadists posted their latest video of a Western hostage, Britis
Published 19 Sep, 2014 12:00am
Mali bomb blast kills five Chadian UN peacekeepers

Mali bomb blast kills five Chadian UN peacekeepers

Five United Nations peacekeepers from Chad were killed on Thursday when their truck drove over a mine in rebel-infested north-eastern Mali, a Chadian military source told AFP. "We lost five comrades today in the north towards Aguelhok. Their vehicle hit a
Published 19 Sep, 2014 12:00am
Last month was hottest August since 1880: US

Last month was hottest August since 1880: US

Last month was the hottest August on record for global average temperatures over land and ocean surfaces, the US National Oceanic and Atmospheric Administration said on Thursday. If the trend continues, 2014 could set new records for planet-wide heat, a d
Published 19 Sep, 2014 12:00am
Ukrainian leader warns of Russia threat, seeks US support

Ukrainian leader warns of Russia threat, seeks US support

Ukrainian President Petro Poroshenko on Thursday called for greater political and military support from Washington and tighter sanctions on Russia as he told US lawmakers that Kremlin aggression represented a threat to global security. Speaking to a joint
Published 19 Sep, 2014 12:00am
Saudi Arabia to restore Egypt's 'beacon of moderate Islam'

Saudi Arabia to restore Egypt's 'beacon of moderate Islam'

Saudi Arabia has agreed to fund the restoration of Cairo's Al-Azhar mosque in recognition of its role as a "beacon of moderate Islam," the Egyptian president's office said Thursday. The announcement came after talks between President Abdel Fattah al-Sisi
Published 19 Sep, 2014 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded November copper contract on the Shanghai Futures Exchange fell 0.4 percent to 49,060 yuan ($7,986) a tonne on Thursday. "If US economic numbers continue on the better side, then guess what? The December meet is going to be hawkish, which w
Published 19 Sep, 2014 12:00am
Copper and base metals slip

Copper and base metals slip

Copper and other base metals slipped on Thursday, pressured by renewed weakness in China's property market and by a sharp rise in the dollar after the US Federal Reserve signalled interest rates could rise faster than expected. Three-month copper on the L
Published 19 Sep, 2014 12:00am
Oil falls on supply glut and strong dollar

Oil falls on supply glut and strong dollar

Crude oil fell on Thursday, pressured by ample supply, concerns about demand growth and a stronger US dollar. Traders pinned much of the fall on the US dollar's rally to its highest in more than four years against a basket of currencies. The dollar drew s
Published 19 Sep, 2014 12:00am
Rubber lower

Rubber lower

Benchmark Tokyo rubber futures ended 0.4 percent lower on Thursday, reversing gains earlier in the day, after weak Chinese data rekindled worries over global rubber demand, brokers said. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM
Published 19 Sep, 2014 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures rose to their highest in over five weeks on Thursday as the Malaysian currency slipped to its lowest since early May and stoked buying interest, although some profit-taking in late trade eroded gains. The Malaysian ringgit fell
Published 19 Sep, 2014 12:00am
Soyabeans and wheat soar

Soyabeans and wheat soar

Chicago Board of Trade soyabeans and wheat firmed slightly on Wednesday as bargain hunters stepped into the market to provide a boost to commodities that were trending near four-year lows, traders said. Corn futures sagged as a likely record US harvest in
Published 19 Sep, 2014 12:00am
Raw sugar down, cocoa jumps

Raw sugar down, cocoa jumps

The benchmark ICE raw sugar resumed its downward trend on Thursday, after the prior session's surprising sharp reversal higher, on expectations for abundant nearby supplies while the October/March spread narrowed sharply. Cocoa futures rallied for the sec
Published 19 Sep, 2014 12:00am
Gold tumbles in Asia

Gold tumbles in Asia

Gold tumbled to its lowest in 8-1/2 months on Thursday as the dollar index jumped to a four-year peak after the Federal Reserve signalled that a faster hike in US interest rates might be on the horizon. Spot gold fell to $1,216.01 an ounce early on Thursd
Published 19 Sep, 2014 12:00am
Gold falls in New York

Gold falls in New York

Gold prices fell more than 1 percent to fresh eight-month lows on Wednesday as the dollar rallied and investors worried about forecasts that the US Federal Reserve may be readying for faster pace of interest rate hikes than previously projected. Ending tw
Published 19 Sep, 2014 12:00am
Gold sinks in Europe

Gold sinks in Europe

Gold touched its lowest in 8-1/2 months on Thursday as the dollar jumped to a four-year peak after the Federal Reserve indicated it could raise borrowing costs faster than expected. The Fed on Wednesday renewed its pledge to keep interest rates near zero
Published 19 Sep, 2014 12:00am
China buys many rubber cargoes

China buys many rubber cargoes

Tyre makers from China purchased several rubber cargoes this week following a drop in inventories in Qingdao port, while some Indonesian exporters were reluctant to offer the commodity as prices held near five-year lows, dealers said on Thursday. However,
Published 19 Sep, 2014 12:00am
US MIDDAY: soyabeans, wheat sink to lowest since 2010

US MIDDAY: soyabeans, wheat sink to lowest since 2010

US soyabean futures fell 1 percent to their lowest in more than four years early on Thursday as farmers resumed harvesting in parts of the US Midwest as fields began to dry out, traders said. Wheat and corn futures fell too, with wheat also hitting its lo
Published 19 Sep, 2014 12:00am
SU scholars recommended for award of PhD degrees

SU scholars recommended for award of PhD degrees

Two faculty members and scholars of PhD in Zoology Ayaz Hussain Qadri and Tahira Jabeen have been recommended for the award of PhD degrees after they successfully qualified the vice voce.
Published 19 Sep, 2014 12:00am
Child marriage restraint act: Speakers call for creating awareness

Child marriage restraint act: Speakers call for creating awareness

Speakers at Policy Dialogue stressed a need for creating awareness about "Sindh Child Marriage Restraint Act" among all stakeholders including Police, Judiciary and people in the province to ensure its implementation. They said this while speaking on the
Published 19 Sep, 2014 12:00am
Three police officers suspended for faulty investigations

Three police officers suspended for faulty investigations

Taking strong notice of the complaints about faulty investigation in three different cases, the police chief of Khyber Pakhtunkhwa Nasir Khan Durrani has suspended the delinquent officials and ordered an initial enquiry against them. In the first case, th
Published 19 Sep, 2014 12:00am
Admissions: SSUET to remain open on Sunday

Admissions: SSUET to remain open on Sunday

Sir Syed University of Engineering & Technology will open for submission of admission forms on Saturday and Sunday. Students can submit their application forms on September 20 and September 21, 2014. Prospectus and admission forms will also be available f
Published 19 Sep, 2014 12:00am
SDMA chief fined for failure to appear before court

SDMA chief fined for failure to appear before court

The Sindh High Court (SHC) on Thursday summoned reports from the Board of Revenue (BoR) and Sindh Disaster Management Authority on their efforts for rehabilitation of families that were displaced by floods in 2010. The two-member bench led by Chief Justic
Published 19 Sep, 2014 12:00am
Bank Alfalah poised for growth with IFC backing

Bank Alfalah poised for growth with IFC backing

IFC, a member of the World Bank Group, and Bank Alfalah Limited, one of Pakistan's leading banks, have reached an agreement on IFC's proposed $67 million investment in Bank Alfalah by subscribing to 15 percent equity investment in the bank to help it to i
Published 19 Sep, 2014 12:00am
Bank Alfalah poised for growth with IFC backing

Bank Alfalah poised for growth with IFC backing

IFC, a member of the World Bank Group, and Bank Alfalah Limited, one of Pakistan's leading banks, have reached an agreement on IFC's proposed $67 million investment in Bank Alfalah by subscribing to 15 percent equity investment in the bank to help it to i
Published 19 Sep, 2014 12:00am
MoU signed HMRC-UK to provide assistance to FBR

MoU signed HMRC-UK to provide assistance to FBR

Her Majesty's Revenue and Customs (HMRC) UK will provide technical assistance to the Federal Board of Revenue (FBR) over the next three years to help build its capacity and improve tax collection to support economic integration, stability and growth.
Published 19 Sep, 2014 12:00am
Conspiracies against democracy to meet their logical end: PML-N

Conspiracies against democracy to meet their logical end: PML-N

Senator Mushahidullah Khan, Information Secretary Pakistan Muslim League-Nawaz (PML-N), has said that all conspiracies against democracy and Parliament would meet their logical end. Addressing the joint-sitting of the Parliament, he said, "Pakistan Awami
Published 19 Sep, 2014 12:00am
CADD prepares new plan for dengue control

CADD prepares new plan for dengue control

Capital Administration and Development Division (CADD) has prepared new plan for prevention and control of dengue in twin cities of Islamabad and Rawalpindi. New plan has been finalised after expiry of three-year dengue prevention programme in June 2014.
Published 19 Sep, 2014 12:00am
Rabbani's proposal needs serious consideration

Rabbani's proposal needs serious consideration

There is a highly positive development in the midst of political impasse in the country. According to reports, Pakistan People's Party (PPP) has asked Pakistan Muslim League-Nawaz (PML-N) to constitute a permanent Parliamentary Committee on National Secur
Published 19 Sep, 2014 12:00am
$34 billion Chinese FDI/loan: A perspective

$34 billion Chinese FDI/loan: A perspective

Talk of $34 billion proposed Chinese investment with government claiming it to be a Foreign Direct Investment (FDI) while others describing it as a loan is a good fodder for TV shows. Interestingly, a large number of politicians in Pakistan too are taking
Published 19 Sep, 2014 12:00am
BCIM corridor versus Gwadar-Kashgar corridor

BCIM corridor versus Gwadar-Kashgar corridor

When it comes to connectivity between India and China, leveraging the potential of direct roads still remains low. Road corridors enable not only trade, but also infrastructure like electricity lines, oil pipelines, industrial units, ancillary businesses
Published 19 Sep, 2014 12:00am
Democracy and taxes

Democracy and taxes

In Pakistan, a heated debate is going on about democracy, constitution and rule of law. Government and Opposition are busy countering what they call "onslaught of Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) against elected parliaments." Both si
Published 19 Sep, 2014 12:00am
Overcharging in electricity bills

Overcharging in electricity bills

The minister for Water and Power, Khwaja Asif and Secretary, Water and Power, Nargis Sethi, were severely criticised during a recent meeting of the Economic Co-ordination Committee of the Cabinet for over billing electricity consumers. This followed a mee
Published 19 Sep, 2014 12:00am
Decline in exports

Decline in exports

According to data released by the Pakistan Bureau of Statistics (PBS), exports fell to 3.84 billion dollars in July-August 2014 against 4 billion dollars last year - a decline of 5.8 percent. This statistic should be a source of serious concern to the gov
Published 19 Sep, 2014 12:00am
KCAA elects office-bearers

KCAA elects office-bearers

Qamar Alam was elected as president of the Karachi Customs Agents Association (KCAA) unopposed for 2014-15. According to a press release issued here on Thursday, Nasim Askar was elected as Senior Vice President and Mirza Ather Baig Vice President, Kaisaf
Published 19 Sep, 2014 12:00am
KE not collecting fuel adjustment charges: spokesman

KE not collecting fuel adjustment charges: spokesman

K-Electric (KE) has rebutted a news item which quoted some misinformed sources claiming that KE has been charging "Fuel Adjustment Charges" from its consumers which have led to KE turning profitable. KE's profitability has not increased due to unfair mean
Published 19 Sep, 2014 12:00am
Flood situation being monitored round the clock: Major General Aleem

Flood situation being monitored round the clock: Major General Aleem

Chairman, National Disaster Management Authority (NDMA), Major General Aleem said the flood situation is being monitored round the clock and district administrations and other concerned departments are ready to meet any emergency. Talking to media persons
Published 19 Sep, 2014 12:00am
Balochistan Assembly session on September 24

Balochistan Assembly session on September 24

Governor Balochistan, Mohammad Khan Achakzai has convened session of the Balochistan Assembly to meet on September 24, said a handout issued here on Thursday.
Published 19 Sep, 2014 12:00am
Mobilink upgrades JWS Vocational Center

Mobilink upgrades JWS Vocational Center

Mobilink has upgraded Jinnah Welfare Society's (JWS) Vocational Center by setting up a Stitching and Sewing facility. The facility upgraded with 12 sewing machines was inaugurated by Mobilink's CSR team in a ceremony in JWS, Talagang. The Sewing and Stitc
Published 19 Sep, 2014 12:00am
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