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Print - 2014-10-20
Suicide bomber kills 18 in Baghdad

Suicide bomber kills 18 in Baghdad

A suicide bomber detonated explosives at a Shia mosque in western Baghdad on Sunday, killing at least 18 people, security and medical officials said. The blast in the Harthiyah area, which also wounded at least 30 people, is the latest in a string of bomb
Published 20 Oct, 2014 12:00am
Australian minister says special forces will go to Iraq

Australian minister says special forces will go to Iraq

Australia has reached an agreement with Iraq for its special forces to support Iraqi forces in their fight against Islamic State, Australia's Foreign Minister Julie Bishop said on Sunday. "We have reached an agreement for a legal framework and now it will
Published 20 Oct, 2014 12:00am
Roadside bomb kills six soldiers in Egypt's Sinai

Roadside bomb kills six soldiers in Egypt's Sinai

Six Egyptian soldiers were killed by a remotely-detonated roadside bomb in the Sinai Peninsula on Sunday, the army said in a statement. No group has claimed responsibility for the attack, which also wounded five soldiers. The bomb exploded as a patrol res
Published 20 Oct, 2014 12:00am
'Foreign forces' at work in Hong Kong protests, says leader

'Foreign forces' at work in Hong Kong protests, says leader

Hong Kong's embattled leader on Sunday said "foreign forces" were at work in the pro-democracy movement that has paralysed parts of the city, as demonstrators accused police of using excessive violence during ugly clashes.
Published 20 Oct, 2014 12:00am
Texas hospital apologises over handling of Ebola case

Texas hospital apologises over handling of Ebola case

The Texas hospital that cared for the first patient to be diagnosed with Ebola in the United States apologised Sunday over its handling of the case. The Texas Health Presbyterian Hospital in Dallas treated a Liberian man, Thomas Eric Duncan, who died of E
Published 20 Oct, 2014 12:00am
22 passengers, crew injured as SIA plane hits turbulence

22 passengers, crew injured as SIA plane hits turbulence

Twenty-two passengers and crew were injured when an Airbus A380 plane operated by Singapore Airlines (SIA) and travelling from the city-state to Mumbai hit sudden turbulence during descent, the carrier said Sunday. The extent of the injuries during the tu
Published 20 Oct, 2014 12:00am
Tropical storm batters southern Mexico coast, kills one

Tropical storm batters southern Mexico coast, kills one

One person was killed as Tropical Storm Trudy - since downgraded to tropical depression - passed through Mexico prompting evacuations and stranding 16 communities, authorities said Sunday. The heavy rains caused a landslide on a farm in the indigenous tow
Published 20 Oct, 2014 12:00am
China says it's hard to resume cyber security talks with US

China says it's hard to resume cyber security talks with US

Resuming cyber security co-operation between China and the United States would be difficult because of "mistaken US practices", China's top diplomat told US Secretary of State John Kerry. Cyber security is an irritant to bilateral ties. On Wednesday the U
Published 20 Oct, 2014 12:00am
Winners of Cleantech Pakistan competition receive awards

Winners of Cleantech Pakistan competition receive awards

Minister for Science and Technology Zahid Hamid on Sunday stressed on the importance of innovation and termed Science and Technology a tool for developing countries like Pakistan to face the challenges of Globalisation. Addressing an award giving ceremony
Published 20 Oct, 2014 12:00am
Shahbaz condemns murder of eight labourers

Shahbaz condemns murder of eight labourers

Punjab Chief Minister Muhammad Shahbaz Sharif has strongly condemned kidnapping and murder of eight labourers in Hub. Expressing his sorrow and grief over the tragic incident, he sympathised with the bereaved families. The Chief Minister said that he was
Published 20 Oct, 2014 12:00am
Protest held against killing of labourers in Balochistan

Protest held against killing of labourers in Balochistan

Local Saraiki organisations Saraikistan Democratic Party (SDP) staged a demonstration at Chowk Ghanta Ghar against the kidnapping and assassination of innocent poultry workers in Hub (Balochistan). Rana Faraz Noon led the demonstration and said that Hub e
Published 20 Oct, 2014 12:00am
Chief minister Punjab calls for national unity

Chief minister Punjab calls for national unity

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is passing through the most critical phase of its history and is facing energy crisis, poverty, unemployment, extremism and other challenges. He said that there is a need for national un
Published 20 Oct, 2014 12:00am
Lack of access to credit keeping country underdeveloped: PEW

Lack of access to credit keeping country underdeveloped: PEW

The Pakistan Economy Watch (PEW) has said that lack of access to credit is the key factor keeping Pakistan underdeveloped. Like many other developing countries, private sector in Pakistan is facing problem of insufficient collateral which has restricted i
Published 20 Oct, 2014 12:00am
Businessmen condemn Indian shelling

Businessmen condemn Indian shelling

The Business Community of Multan, Bahawalpur and Dera Ghazi Khan have strongly protested against Indian firing at Sialkot border on Sunday and killings of innocent people across the Sialkot sector Sunday. They said that 20 people have already killed due t
Published 20 Oct, 2014 12:00am
Flood-hit people hold demonstration

Flood-hit people hold demonstration

Hundreds of flood affected people lying on the embankments on Sunday staged a demonstration against the district administration for distribution of compensation of Rs 25,000 per family among the undeserving people purely on political ground. They chanted
Published 20 Oct, 2014 12:00am
Promoting Pak-Romania relations: PBIT receives honorary award

Promoting Pak-Romania relations: PBIT receives honorary award

Punjab Board of Investment and Trade (PBIT) received an honorary award for outstanding merits in developing and strengthening bilateral relations between Romania and Pakistan. This was revealed in information from PBIT received here Sunday.
Published 20 Oct, 2014 12:00am
Conspiracies to sabotage uplift process will be foiled: Asif

Conspiracies to sabotage uplift process will be foiled: Asif

Federal Minister Water, Power and Defence Khawaja Muhammad Asif on Sunday said that nation was facing irreparable financial loss of billions of rupees due to Dharna (sit-ins) and with the active support the masses the conspiracies to sabotage development
Published 20 Oct, 2014 12:00am
Western powers blamed for backing Modi aggression

Western powers blamed for backing Modi aggression

Indian Prime Minister Narendra Modi is aggressive against Pakistan as Western powers backing him due to the nuclear assets of Pakistan. But Pakistan is safe having nuclear capability. These thoughts were shared by speakers during seminar on the topic of "
Published 20 Oct, 2014 12:00am
155,000 Pakistani pilgrims provided free medical facilities

155,000 Pakistani pilgrims provided free medical facilities

The Ministry of Religious Affairs and Interfaith Harmony has provided free medical treatment facilities to over 155,000 Pakistani pilgrims during their stay in Saudi Arabia. According a ministry official, a contingent of 450 doctors and paramedics was dep
Published 20 Oct, 2014 12:00am
Convert dengue awareness message into massive campaign: Vohra

Convert dengue awareness message into massive campaign: Vohra

Principal Post Graduate Medical Institute and Lahore General Hospital Professor Anjum Habib Vohra has stressed upon the medical professionals to convert dengue awareness message into a massive campaign so as to wipe out this menace from our country once f
Published 20 Oct, 2014 12:00am
Leaders of sit-ins want to create anarchy, says Nisar

Leaders of sit-ins want to create anarchy, says Nisar

Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan on Sunday said that leaders of sit-ins wanted to create anarchy instead of bringing revolution. Dances and concerts had never brought revolution he said and added that the contain
Published 20 Oct, 2014 12:00am
No deal with government, says Qadri

No deal with government, says Qadri

Dispelling the impression that the Pakistan Awami Tehreek is going for deal with the government, PAT chief Dr Tahirul Qadri has vowed that he would not compromise on the blood of innocents martyred at Model Town. Talking his supporters before departing fo
Published 20 Oct, 2014 12:00am
Shujaat urges national unity to face challenges

Shujaat urges national unity to face challenges

Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Chaudhry Shujaat Hussain has said that an individual, party, army, or judiciary alone cannot solve the problems of the country, all will have to be on same page in the national interest
Published 20 Oct, 2014 12:00am
Karachi meeting proves PPP is still largest party: Memon

Karachi meeting proves PPP is still largest party: Memon

Sindh Information Minister Sharjeel Inaam Memon has said that public meeting of Pakistan People's Party (PPP) at Bagh-e-Jinnah on October 18, has proved that it is still the largest party of the country.
Published 20 Oct, 2014 12:00am
Prime Minister condemns dacoity incident

Prime Minister condemns dacoity incident

Prime Minister Muhammad Nawaz Sharif on Sunday strongly condemned an incident of dacoity at Edhi's center in Karachi. He also expressed his grief over it.
Published 20 Oct, 2014 12:00am
'PTI will provide social protection to minorities'

'PTI will provide social protection to minorities'

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Sunday vowed that the PTI would provide social protection to minorities after coming to power. Addressing his supporters at D-Chock in front of Parliament House, Khan said that his party would empower wea
Published 20 Oct, 2014 12:00am
Even Edhi not spared as dacoits deprive him of valuable donations

Even Edhi not spared as dacoits deprive him of valuable donations

Renowned social worker Abdul Sattar Edhi was looted on Sunday morning when seven dacoits deprived him of gold, cash and other valuables worth millions of rupees. The cash and valuables looted by robbers, according to Maulana Edhi, were donated to Edhi Fou
Published 20 Oct, 2014 12:00am
PIA's first post-Hajj flight for Multan leaves Jeddah

PIA's first post-Hajj flight for Multan leaves Jeddah

PIA first Post-Hajj Flight for Multan PK 3302 departed from Jeddah carrying 327 Hajjis. The hajjis were seen off by Director Airport Services and Chief Hajj Co-ordinator PIA, Aijaz Mazhar and other PIA officials at Jeddah Hajj Terminal. PIA Post Hajj flig
Published 20 Oct, 2014 12:00am
MQM women wing leader flays Khursheed Shah

MQM women wing leader flays Khursheed Shah

In-charge MQM Women Wing and MNA Kishwar Zahra has strongly condemned PPP leader Khursheed Shah for calling word Mohajir as an abuse and termed it an insult of the entire Urdu-speaking community. In a statement issued, Zahra said that Khursheed Shah shoul
Published 20 Oct, 2014 12:00am
US rightwing media and Muslims

US rightwing media and Muslims

The US right-wing media that never hesitate to lose even a small opportunity to link the violent incidents anyway with Islam and brand such violence as 'Islamic' terrorism, mostly leaves Muslims threatened with flaring up headlines. The recent incident at
Published 20 Oct, 2014 12:00am
Chief minister condoles death of Sipra

Chief minister condoles death of Sipra

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of Riaz Sipra, former IG Police and retired Federal Secretary. In a condolence message, the Chief Minister prayed that may Allah Almighty rest the de
Published 20 Oct, 2014 12:00am
Meezan Bank Acquires HSBC Pakistan

Meezan Bank Acquires HSBC Pakistan

Meezan Bank, the first and largest Islamic Bank in Pakistan has successfully completed the acquisition of HSBC Pakistan over the weekend and all branches of HSBC opened today with the new purple Meezan look. "It is a historic day for Meezan Bank to have a
Published 20 Oct, 2014 12:00am
UK threatens Internet 'trolls' with two years in jail

UK threatens Internet 'trolls' with two years in jail

People found guilty of Internet "trolling" in Britain could be jailed for up to two years under government proposals outlined on Sunday, following a number of high-profile cases of abusive and threatening behaviour on Twitter. Justice Secretary Chris Gray
Published 20 Oct, 2014 12:00am
France calls on Germany for 50 billion euros in investments

France calls on Germany for 50 billion euros in investments

Cash-strapped France on Sunday called on Europe's economic powerhouse Germany to invest 50 billion euros more by 2018 to match the amount that Paris is planning to slash from its public spending. The call from France's Finance Minister Michel Sapin and Ec
Published 20 Oct, 2014 12:00am
France calls on Germany for 50 billion euros in investments

France calls on Germany for 50 billion euros in investments

Cash-strapped France on Sunday called on Europe's economic powerhouse Germany to invest 50 billion euros more by 2018 to match the amount that Paris is planning to slash from its public spending. The call from France's Finance Minister Michel Sapin and Ec
Published 20 Oct, 2014 12:00am
Mushahidullah to become minister?

Mushahidullah to become minister?

Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif meet at Raiwind on Sunday where the Sharif brothers exchanged views on expansion of the federal and Punjab cabinets. According to sources, the prime minister advised the chief minister t
Published 20 Oct, 2014 12:00am
Mushahidullah to become minister?

Mushahidullah to become minister?

Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif meet at Raiwind on Sunday where the Sharif brothers exchanged views on expansion of the federal and Punjab cabinets. According to sources, the prime minister advised the chief minister t
Published 20 Oct, 2014 12:00am
Border killings: Iran summons ambassador

Border killings: Iran summons ambassador

Iran has summoned the Pakistani ambassador and demanded immediate steps to stop attacks by "terrorists and rebels" that sparked deadly clashes on the countries' border, state media reported Sunday. Noor Muhammad Jadmani was called to the foreign ministry
Published 20 Oct, 2014 12:00am
Border killings: Iran summons ambassador

Border killings: Iran summons ambassador

Iran has summoned the Pakistani ambassador and demanded immediate steps to stop attacks by "terrorists and rebels" that sparked deadly clashes on the countries' border, state media reported Sunday. Noor Muhammad Jadmani was called to the foreign ministry
Published 20 Oct, 2014 12:00am
PAT to contest all elections: Qadri

PAT to contest all elections: Qadri

Chairman Pakistan Awami Tehreek Allama Tahir-ul-Qadri has said that PAT will not leave the field open for opponents and put up its candidates on all the national and provincial assemblies' seats and also participate in the local bodies' elections whenever
Published 20 Oct, 2014 12:00am
PAT to contest all elections: Qadri

PAT to contest all elections: Qadri

Chairman Pakistan Awami Tehreek Allama Tahir-ul-Qadri has said that PAT will not leave the field open for opponents and put up its candidates on all the national and provincial assemblies' seats and also participate in the local bodies' elections whenever
Published 20 Oct, 2014 12:00am
SSGC clarification

SSGC clarification

"This is in response to a news item that appeared in national dailies on October 19, 2014 regarding the import of LNG in Pakistan. In order to clarify certain ambiguities in the content and to straighten the facts, please find below, SSGC''s viewpoint tha
Published 20 Oct, 2014 12:00am
SSGC clarification

SSGC clarification

"This is in response to a news item that appeared in national dailies on October 19, 2014 regarding the import of LNG in Pakistan. In order to clarify certain ambiguities in the content and to straighten the facts, please find below, SSGC's viewpoint that
Published 20 Oct, 2014 12:00am
SSGC clarification

SSGC clarification

"This is in response to a news item that appeared in national dailies on October 19, 2014 regarding the import of LNG in Pakistan. In order to clarify certain ambiguities in the content and to straighten the facts, please find below, SSGC's viewpoint that
Published 20 Oct, 2014 12:00am
Dar briefed on rehabilitation estimates

Dar briefed on rehabilitation estimates

Minister for Finance Senator Mohammad Ishaq Dar on Sunday chaired a special briefing session by Economic Affairs Division about the flood victims and internally displaced persons (IDPs). The minister was apprised about relief and rehabilitation estimates
Published 20 Oct, 2014 12:00am
Dar briefed on rehabilitation estimates

Dar briefed on rehabilitation estimates

Minister for Finance Senator Mohammad Ishaq Dar on Sunday chaired a special briefing session by Economic Affairs Division about the flood victims and internally displaced persons (IDPs). The minister was apprised about relief and rehabilitation estimates
Published 20 Oct, 2014 12:00am
Dar briefed on rehabilitation estimates

Dar briefed on rehabilitation estimates

Minister for Finance Senator Mohammad Ishaq Dar on Sunday chaired a special briefing session by Economic Affairs Division about the flood victims and internally displaced persons (IDPs). The minister was apprised about relief and rehabilitation estimates
Published 20 Oct, 2014 12:00am
Nepal rescuers find 34 more trekkers, 12 bodies after snowstorm

Nepal rescuers find 34 more trekkers, 12 bodies after snowstorm

Nepalese teams Sunday rescued 34 more trekkers and guides stranded in the Himalayas since a snowstorm struck five days ago at the height of the hiking season but also found 12 more bodies, officials said. Rescuers using helicopters found the bodies buried
Published 20 Oct, 2014 12:00am
Jihadists take heavy losses in battle for Kobane

Jihadists take heavy losses in battle for Kobane

The Islamic State group took heavy losses Sunday in the Syrian battleground of Kobane as Iraqi forces fought the jihadists buoyed by US backing for top government security appointments. Secretary of State John Kerry said the appointment of defence and int
Published 20 Oct, 2014 12:00am
Jihadists take heavy losses in battle for Kobane

Jihadists take heavy losses in battle for Kobane

The Islamic State group took heavy losses Sunday in the Syrian battleground of Kobane as Iraqi forces fought the jihadists buoyed by US backing for top government security appointments. Secretary of State John Kerry said the appointment of defence and int
Published 20 Oct, 2014 12:00am
Khyber Agency: militants asked to surrender arms in three days

Khyber Agency: militants asked to surrender arms in three days

Security forces on Sunday dropped pamphlets in the Khyber Agency from the air, inscribed with warning to militants to surrender their arms within three days or face stern action. The pamphlets state categorical warning to militants, asking them to surrend
Published 20 Oct, 2014 12:00am
Khyber Agency: militants asked to surrender arms in three days

Khyber Agency: militants asked to surrender arms in three days

Security forces on Sunday dropped pamphlets in the Khyber Agency from the air, inscribed with warning to militants to surrender their arms within three days or face stern action. The pamphlets state categorical warning to militants, asking them to surrend
Published 20 Oct, 2014 12:00am
Bilawal's speech misrepresented: Sharjeel

Bilawal's speech misrepresented: Sharjeel

Sindh Information Minister, Sharjeel Inam Memon Sunday termed the language used by Muttahida Qaumi Movement's (MQM) Deputy Convenor Khalid Maqbool as unfortunate and Pakistan People's Party (PPP) condemns it in strongest terms. Addressing a press conferen
Published 20 Oct, 2014 12:00am
Bilawal's speech misrepresented: Sharjeel

Bilawal's speech misrepresented: Sharjeel

Sindh Information Minister, Sharjeel Inam Memon Sunday termed the language used by Muttahida Qaumi Movement's (MQM) Deputy Convenor Khalid Maqbool as unfortunate and Pakistan People's Party (PPP) condemns it in strongest terms. Addressing a press conferen
Published 20 Oct, 2014 12:00am
MQM decides to quit government, demands division of Sindh

MQM decides to quit government, demands division of Sindh

Muttahida Qaumi Movement (MQM) has decided to quit Sindh government in protest against Pakistan People's Party (PPP) Chairman Bilawal Bhutto's criticism of Altaf Hussain in Saturday's public meeting at Bagh-e-Jinnah. Addressing a hurriedly-called press co
Published 20 Oct, 2014 12:00am
MQM decides to quit government, demands division of Sindh

MQM decides to quit government, demands division of Sindh

Muttahida Qaumi Movement (MQM) has decided to quit Sindh government in protest against Pakistan People's Party (PPP) Chairman Bilawal Bhutto's criticism of Altaf Hussain in Saturday's public meeting at Bagh-e-Jinnah. Addressing a hurriedly-called press co
Published 20 Oct, 2014 12:00am
Sartaj meets Ghani, seeks policy reset to improve ties

Sartaj meets Ghani, seeks policy reset to improve ties

Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz paid a one-day visit to Kabul on Sunday as the Prime Minister's special envoy and delivered the Prime Minister's formal invitation to President Mohammad Ashraf Ghani Ahmadzai t
Published 20 Oct, 2014 12:00am
Sartaj meets Ghani, seeks policy reset to improve ties

Sartaj meets Ghani, seeks policy reset to improve ties

Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz paid a one-day visit to Kabul on Sunday as the Prime Minister's special envoy and delivered the Prime Minister's formal invitation to President Mohammad Ashraf Ghani Ahmadzai t
Published 20 Oct, 2014 12:00am
North and South Korean troops exchange border fire

North and South Korean troops exchange border fire

North and South Korean troops briefly exchanged fire Sunday in the latest in a series of minor border skirmishes that have raised military tensions on the divided peninsula. The South's defence ministry said the exchange inside the Demilitarised Zone (DMZ
Published 20 Oct, 2014 12:00am
North and South Korean troops exchange border fire

North and South Korean troops exchange border fire

North and South Korean troops briefly exchanged fire Sunday in the latest in a series of minor border skirmishes that have raised military tensions on the divided peninsula. The South's defence ministry said the exchange inside the Demilitarised Zone (DMZ
Published 20 Oct, 2014 12:00am
Saudi bank shares go on sale in largest IPO worth $6 billion

Saudi bank shares go on sale in largest IPO worth $6 billion

Shares in National Commercial Bank went on sale Sunday in Saudi Arabia''''s largest-ever initial public offering, which at $6 billion is also one of the biggest in the world this year. The IPO comes despite opposition from the kingdom''''s top religious l
Published 20 Oct, 2014 12:00am
Saudi bank shares go on sale in largest IPO worth $6 billion

Saudi bank shares go on sale in largest IPO worth $6 billion

Shares in National Commercial Bank went on sale Sunday in Saudi Arabia''s largest-ever initial public offering, which at $6 billion is also one of the biggest in the world this year. The IPO comes despite opposition from the kingdom''s top religious leade
Published 20 Oct, 2014 12:00am
Saudi bank shares go on sale in largest IPO worth $6 billion

Saudi bank shares go on sale in largest IPO worth $6 billion

Shares in National Commercial Bank went on sale Sunday in Saudi Arabia's largest-ever initial public offering, which at $6 billion is also one of the biggest in the world this year. The IPO comes despite opposition from the kingdom's top religious leader
Published 20 Oct, 2014 12:00am
Saudi bank shares go on sale in largest IPO worth $6 billion

Saudi bank shares go on sale in largest IPO worth $6 billion

Shares in National Commercial Bank went on sale Sunday in Saudi Arabia's largest-ever initial public offering, which at $6 billion is also one of the biggest in the world this year. The IPO comes despite opposition from the kingdom's top religious leader
Published 20 Oct, 2014 12:00am
Futures spreads down by 15 basis points

Futures spreads down by 15 basis points

The futures spreads decreased by 15 basis points to close 10.14 per cent during the outgoing week ended on October 17, 2014. During the last week, trading activity on the future counter witnessed a downward trend and average daily volume dropped by 1.3 pe
Published 20 Oct, 2014 12:00am
Futures spreads down by 15 basis points

Futures spreads down by 15 basis points

The futures spreads decreased by 15 basis points to close 10.14 per cent during the outgoing week ended on October 17, 2014. During the last week, trading activity on the future counter witnessed a downward trend and average daily volume dropped by 1.3 pe
Published 20 Oct, 2014 12:00am
Futures spreads down by 15 basis points

Futures spreads down by 15 basis points

The futures spreads decreased by 15 basis points to close 10.14 per cent during the outgoing week ended on October 17, 2014. During the last week, trading activity on the future counter witnessed a downward trend and average daily volume dropped by 1.3 pe
Published 20 Oct, 2014 12:00am
Futures spreads down by 15 basis points

Futures spreads down by 15 basis points

The futures spreads decreased by 15 basis points to close 10.14 per cent during the outgoing week ended on October 17, 2014. During the last week, trading activity on the future counter witnessed a downward trend and average daily volume dropped by 1.3 pe
Published 20 Oct, 2014 12:00am
Equities remain volatile

Equities remain volatile

The Karachi Stock Exchange remained volatile during the last week, ending on October 17, and the benchmark KSE-100 index closed below 30,000 points level. With an improved trading activity, the KSE-100 index shed 276 points (weak on weak) to close at 29,8
Published 20 Oct, 2014 12:00am
Equities remain volatile

Equities remain volatile

The Karachi Stock Exchange remained volatile during the last week, ending on October 17, and the benchmark KSE-100 index closed below 30,000 points level. With an improved trading activity, the KSE-100 index shed 276 points (weak on weak) to close at 29,8
Published 20 Oct, 2014 12:00am
Equities remain volatile

Equities remain volatile

The Karachi Stock Exchange remained volatile during the last week, ending on October 17, and the benchmark KSE-100 index closed below 30,000 points level. With an improved trading activity, the KSE-100 index shed 276 points (weak on weak) to close at 29,8
Published 20 Oct, 2014 12:00am
THE RUPEE: weaker trend

THE RUPEE: weaker trend

The rupee tended lower slightly against the dollar on the local currency market, during the week, ended on October 18, 2014. In the interbank market, the rupee shed four paisa in relation to the dollar for buying and selling at Rs 102.88 and Rs 90, money
Published 20 Oct, 2014 12:00am
THE RUPEE: weaker trend

THE RUPEE: weaker trend

The rupee tended lower slightly against the dollar on the local currency market, during the week, ended on October 18, 2014. In the interbank market, the rupee shed four paisa in relation to the dollar for buying and selling at Rs 102.88 and Rs 90, money
Published 20 Oct, 2014 12:00am
Out-of-court settlement not confidential: President endorses FTO verdict

Out-of-court settlement not confidential: President endorses FTO verdict

The President has endorsed the verdict of Federal Tax Ombudsman (FTO) that the orders of the Alternative Dispute Resolution Committees (ADRCs) commonly known as ''out-of-court settlement'' on disputed tax related matters are not confidential under Freedom
Published 20 Oct, 2014 12:00am
Out-of-court settlement not confidential: President endorses FTO verdict

Out-of-court settlement not confidential: President endorses FTO verdict

The President has endorsed the verdict of Federal Tax Ombudsman (FTO) that the orders of the Alternative Dispute Resolution Committees (ADRCs) commonly known as 'out-of-court settlement' on disputed tax related matters are not confidential under Freedom o
Published 20 Oct, 2014 12:00am
Out-of-court settlement not confidential: President endorses FTO verdict

Out-of-court settlement not confidential: President endorses FTO verdict

The President has endorsed the verdict of Federal Tax Ombudsman (FTO) that the orders of the Alternative Dispute Resolution Committees (ADRCs) commonly known as 'out-of-court settlement' on disputed tax related matters are not confidential under Freedom o
Published 20 Oct, 2014 12:00am
BJP tightens grip on power with thumping poll wins

BJP tightens grip on power with thumping poll wins

India's right-wing ruling party secured strong victories on Sunday in two important state elections, tightening its grip on power after storming to power nationally five months ago. Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) was assured o
Published 20 Oct, 2014 12:00am
BJP tightens grip on power with thumping poll wins

BJP tightens grip on power with thumping poll wins

India's right-wing ruling party secured strong victories on Sunday in two important state elections, tightening its grip on power after storming to power nationally five months ago. Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) was assured o
Published 20 Oct, 2014 12:00am
Gunmen kill nine Punjabi labourers in Hub

Gunmen kill nine Punjabi labourers in Hub

Suspected separatist insurgents in Hub killed nine labourers on Sunday in what appeared to be an ethnically-motivated attack, officials said. The gunmen stormed a poultry farm in the early hours of Sunday in the town of Hub. They kidnapped 11 labourers, s
Published 20 Oct, 2014 12:00am
Gunmen kill nine Punjabi labourers in Hub

Gunmen kill nine Punjabi labourers in Hub

Suspected separatist insurgents in Hub killed nine labourers on Sunday in what appeared to be an ethnically-motivated attack, officials said. The gunmen stormed a poultry farm in the early hours of Sunday in the town of Hub. They kidnapped 11 labourers, s
Published 20 Oct, 2014 12:00am
LNG terminal: controversy over SBLC deepens

LNG terminal: controversy over SBLC deepens

Three members of Sui Southern Gas Company (SSGC) Board, who opposed approval of $47 million Stand By Letter of Credit (SBLC) in favour of ETPL, had reportedly brought with them dissenting notes, well informed sources told Business Recorder. SSGC Bo
Published 20 Oct, 2014 12:00am
LNG terminal: controversy over SBLC deepens

LNG terminal: controversy over SBLC deepens

Three members of Sui Southern Gas Company (SSGC) Board, who opposed approval of $47 million Stand By Letter of Credit (SBLC) in favour of ETPL, had reportedly brought with them dissenting notes, well informed sources told Business Recorder. SSGC Bo
Published 20 Oct, 2014 12:00am
LNG terminal: controversy over SBLC deepens

LNG terminal: controversy over SBLC deepens

Three members of Sui Southern Gas Company (SSGC) Board, who opposed approval of $47 million Stand By Letter of Credit (SBLC) in favour of ETPL, had reportedly brought with them dissenting notes, well informed sources told Business Recorder. SSGC Bo
Published 20 Oct, 2014 12:00am
Pakistani, Indian troops trade fire

Pakistani, Indian troops trade fire

Indian and Pakistani troops traded cross-border fire Sunday, officials said, the latest in a series of clashes that began earlier this month and have claimed at least 20 civilian lives. No one was injured in the latest incident, which according to a Pakis
Published 20 Oct, 2014 12:00am
Pakistani, Indian troops trade fire

Pakistani, Indian troops trade fire

Indian and Pakistani troops traded cross-border fire Sunday, officials said, the latest in a series of clashes that began earlier this month and have claimed at least 20 civilian lives. No one was injured in the latest incident, which according to a Pakis
Published 20 Oct, 2014 12:00am
Government urges UN to stop India from shelling

Government urges UN to stop India from shelling

Adviser to the Prime Minister on National Security and Foreign Affairs, Sartaj Aziz, spoke to United Nations Secretary-General Ban Ki-moon, on telephone last night. They discussed the situation along the Line of Control in Jammu and Kashmir and the Workin
Published 20 Oct, 2014 12:00am
Government urges UN to stop India from shelling

Government urges UN to stop India from shelling

Adviser to the Prime Minister on National Security and Foreign Affairs, Sartaj Aziz, spoke to United Nations Secretary-General Ban Ki-moon, on telephone last night. They discussed the situation along the Line of Control in Jammu and Kashmir and the Workin
Published 20 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Sunday (October 12, 2014) and the forecast for Monday (October 13, 2014).

Published 20 Oct, 2014 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 13 to 17, 2014).

Published 20 Oct, 2014 12:00am
The Multan by-election

The Multan by-election

Apropos editorial 'The Multan battle' carried by the newspaper on Saturday, one must not lose sight of the fact that although senior politician is down because of his defeat in the NA-149 Multan constituency he is not out.
Published 20 Oct, 2014 12:00am
Hong Kong protests, China slowdown takes sparkle off luxury market

Hong Kong protests, China slowdown takes sparkle off luxury market

Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms. LVMH, world number-one in the sector and owner of brands like Louis Vuitton, Given
Published 20 Oct, 2014 12:00am
The fourth review

The fourth review

The mandated fourth quarterly review under the International Monetary Fund's (IMF) Extended Fund Facility (EFF) will be cobbled with the fifth review as per the IMF website. The reason: delay in complying with time bound actions including sale of 10 perce
Published 20 Oct, 2014 12:00am
Hiatus with IMF

Hiatus with IMF

The news has come from Washington that the IMF has declined the request by our Finance Minister for release of the quarterly installment following the fourth review. Instead, it is now proposed that the Fund will undertake the fifth review shortly of the
Published 20 Oct, 2014 12:00am
'Bhutto-ism': a hard sell

'Bhutto-ism': a hard sell

A two-hour launch speech delivered by the Chairman Pakistan People's Party, Bilawal Bhutto Zardari, miserably failed to connect with the gathering and we, sadly though, have our doubts that it would not help him arrest the party's popularity slide, partic
Published 20 Oct, 2014 12:00am
Widening of trade account deficit

Widening of trade account deficit

The latest news on the trade accounts of the country are frightening. According to the trade data released by the Federal Bureau of Statistics (FBS) on 14th October, 2014, Pakistan's trade deficit in July-September, 2014 has expanded by as much as 45.11 p
Published 20 Oct, 2014 12:00am
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