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Print - 2015-01-01
Most Southeast Asian markets set for gains in 2014, barring Malaysia

Most Southeast Asian markets set for gains in 2014, barring Malaysia

The Singapore index ended almost flat on Wednesday, taking its gains for 2014 to 6.2 percent, while Malaysian shares were trading slightly higher but heading for losses on the year to become Southeast Asia's worst performer. Singapore's key Straits Times
Published 01 Jan, 2015 12:00am
European stocks end tough year with gains

European stocks end tough year with gains

Europe's main stock markets rose on Wednesday, the last trading day of a tough year for the region's equities against a backdrop of weak eurozone growth and plunging oil prices. London's FTSE 100 gained 0.29 percent to end 2014 at 6,566.09 points - result
Published 01 Jan, 2015 12:00am
Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards ended slightly weaker on Wednesday due to mild importer dollar demand. The spot currency was maintained between 130.00 and 131.75 rupees throughout the year, with the central bank defending the currency at both ends to ensure a s
Published 01 Jan, 2015 12:00am
Dollar index touches strongest level since 2006

Dollar index touches strongest level since 2006

The dollar was on track to end 2014 with a gain of 12 percent against a basket of major currencies, and anticipated US interest rake hikes may strengthen its appeal in the new year. This year's gain will be the dollar's largest since 2005, when it climbed
Published 01 Jan, 2015 12:00am
Dollar gains 12 percent against basket of currencies

Dollar gains 12 percent against basket of currencies

The dollar was set to end 2014 with a gain of more than 12 percent against a basket of major currencies on Wednesday, its strongest year in almost a decade and, according to most major banks, just a prelude to a further rise next year. Year-end adjustment
Published 01 Jan, 2015 12:00am
Early trade in New York: dollar edges up in thin trade

Early trade in New York: dollar edges up in thin trade

The US dollar looked set on Wednesday to end 2014 with a gain of more than 12 percent against a basket of major currencies, its strongest year in almost a decade and, according to most major banks, just a prelude to a further rise next year. Traders favou
Published 01 Jan, 2015 12:00am
Dollar slips against yen in New York

Dollar slips against yen in New York

The US dollar hit a 1-1/2-week low against the safe-haven yen on Tuesday after traders booked profits from recent multi-year highs in the greenback and parked their winnings in the Japanese currency. The dollar, which hit fresh nearly nine-year highs agai
Published 01 Jan, 2015 12:00am
Ugandan shilling weakens

Ugandan shilling weakens

The Ugandan shilling was weaker for a third consecutive day on Wednesday, sapped by appetite from commercial banks looking to cover short positions as they close the year. At 0942 GMT commercial banks quoted the shilling at 2,770/2,780, weaker than Tuesda
Published 01 Jan, 2015 12:00am
Asian forex: ringgit leads Asia FX losses in 2014

Asian forex: ringgit leads Asia FX losses in 2014

Emerging Asian currencies fell in 2014, led by the Malaysian ringgit, and regional units are expected to stay under pressure in the new year due to expectations the US Federal Reserve will hike interest rates and China's economy will stay sluggish. Region
Published 01 Jan, 2015 12:00am
China's yuan slips in 2014, first major decline since 2005 revaluation

China's yuan slips in 2014, first major decline since 2005 revaluation

China's yuan closed at 6.2040 against the dollar on Wednesday, ending 2014 with its first significant annual loss since the currency's landmark revaluation in 2005. The yuan is under pressure from the greenback's strength in global markets and lingering w
Published 01 Jan, 2015 12:00am
Australian and New Zealand dollar rise on last trading day of a year

Australian and New Zealand dollar rise on last trading day of a year

The Australian and New Zealand dollars looked set to end 2014 sharply lower on Wednesday and could remain under pressure in the new year if commodity prices remain weak. The Aussie was on track to end the year more than 8 percent lower, its second year of
Published 01 Jan, 2015 12:00am
Scottish consortium acquires Rangers stake

Scottish consortium acquires Rangers stake

The largest shareholder of fallen Scottish giants Rangers, investment group Laxey Partners, confirmed on Wednesday that it has relinquished its 16 percent stake in the club to a consortium. The Isle of Man-based group said it had sold its stake to a conso
Published 01 Jan, 2015 12:00am
Billion-dollar Sochi Games a sporting success

Billion-dollar Sochi Games a sporting success

The Sochi 2014 Winter Olympics have gone down in history as the most expensive sports event ever organised with a staggering cost of more than $51 billion. The legacy left by Russia's first winter Games is one of gleaming purpose-built arenas with little
Published 01 Jan, 2015 12:00am
Lehmann demands improved Aussie catching in final Test

Lehmann demands improved Aussie catching in final Test

Australia's sloppy catching is down to a lack of confidence, coach Darren Lehmann said Wednesday, calling for better at next week's final Test against India in Sydney. The hosts drew the third Test in Melbourne on Tuesday to reclaim the Border-Gavaskar Tr
Published 01 Jan, 2015 12:00am
Adored Afridi leaves vacuum for fans - and advertisers

Adored Afridi leaves vacuum for fans - and advertisers

If fan following was a yardstick of greatness in cricket, Pakistan's colourful all-rounder Shahid Afridi would probably be ranked his country's greatest ever player. Ever since he hit a 37-ball hundred in only his second one-day international - against Sr
Published 01 Jan, 2015 12:00am
Wigan chairman banned

Wigan chairman banned

Wigan Athletic chairman Dave Whelan has been banned from all football-related activity for six weeks over comments he made about Jewish and Chinese people, the Football Association announced on Wednesday. Whelan, 78, accepted an aggravated misconduct char
Published 01 Jan, 2015 12:00am
Punjab Sports Festival-2015: Rs 2 billion Sports Endowment Fund set up

Punjab Sports Festival-2015: Rs 2 billion Sports Endowment Fund set up

The Punjab government has set up an endowment fund with a sum of Rs 1 billion for the promotion of sports. This fund is helping poor but talented players to move forward. This was stated by Pakistan Muslim League-N Central Leader Hamza Shahbaz Sharif MNA
Published 01 Jan, 2015 12:00am
Dhoni's shock exit catches India off-guard

Dhoni's shock exit catches India off-guard

India captain Mahendra Singh Dhoni's sudden decision to quit Test cricket caught the country's media and former players by surprise Wednesday, even though many felt his time at the top was over. Dhoni's retirement from the longer format on Tuesday soon af
Published 01 Jan, 2015 12:00am
Cabaye fires PSG to victory over Inter Milan

Cabaye fires PSG to victory over Inter Milan

French champions Paris Saint-Germain finished 2014 with a victory as a second half goal from Yohan Cabaye handed them a narrow 1-0 victory over Serie A side Inter Milan on Tuesday in Morocco. In a prestige friendly, held in the North African country recen
Published 01 Jan, 2015 12:00am
Duminy returns for South Africa

Duminy returns for South Africa

JP Duminy, regarded as one of South Africa's key players for the Cricket World Cup in February, returns to action after injury in a Twenty20 international series against the West Indies next month. Duminy has not played since November 9 when he returned h
Published 01 Jan, 2015 12:00am
South Africa seek series win

South Africa seek series win

South Africa will literally be trying to make up for lost time when they take on the West Indies in the third and final Test at Newlands on Friday. Although the West Indies put up an improved performance, South African captain Hashim Amla stopped short of
Published 01 Jan, 2015 12:00am
Two Germans killed in Nigeria

Two Germans killed in Nigeria

Two German men have been killed in Nigeria, the foreign ministry in Berlin said Wednesday, as media reported they were engineers shot dead while on a motorcycle trip. "Unfortunately we can confirm that two German nationals were killed in Nigeria last week
Published 01 Jan, 2015 12:00am
Duke of Wellington dies before battle anniversary

Duke of Wellington dies before battle anniversary

The eighth Duke of Wellington died on Wednesday aged 99, a family spokesman said, six months before the 200th anniversary of his ancestor's famous victory in the Battle of Waterloo. Arthur Valerian Wellesley died peacefully at his home surrounded by his f
Published 01 Jan, 2015 12:00am
French ceremony as new Nato Afghan mission takes over

French ceremony as new Nato Afghan mission takes over

The last French troops in Afghanistan held a ceremony in Kabul on Wednesday to mark the end of their deployment after Nato combat operations closed down and as a new "train and support" mission takes over. About 150 French soldiers who had been helping ru
Published 01 Jan, 2015 12:00am
At least 35 killed in Burundi clashes

At least 35 killed in Burundi clashes

At least 35 people are now confirmed to have been killed in clashes between Burundi's army and members of an unidentified rebel group near the Democratic Republic of Congo border, an official said Wednesday. "We've so far recovered 34 bodies of attackers.
Published 01 Jan, 2015 12:00am
US releases five Guantanamo inmates to Kazakhstan

US releases five Guantanamo inmates to Kazakhstan

The United States has sent five detainees from the prison at Guantanamo Bay to Kazakhstan, marking a renewed push by President Barack Obama to close the controversial jail. Two Tunisian and three Yemeni inmates who had spent more than 11 years behind bars
Published 01 Jan, 2015 12:00am
Hong Kong fireworks dazzle as Asia leads global New Year party

Hong Kong fireworks dazzle as Asia leads global New Year party

A huge display of fireworks lit up Hong Kong on Thursday, with brilliant bursts of colour over Victoria Harbour as the Chinese city rang in 2015 in spectacular style, launching the party for millions across Asia. From New Delhi to Dubai, Johannesburg, New
Published 01 Jan, 2015 12:00am
Yemen suicide bomber kills 33

Yemen suicide bomber kills 33

A suicide bomber dressed as a woman killed 33 people in central Yemen on Wednesday when he blew himself up at a celebration by Shia militia supporters, medical and security sources said. Dozens of people were also wounded in the attack in the mainly Sunni
Published 01 Jan, 2015 12:00am
Essebsi sworn in as Tunisia president

Essebsi sworn in as Tunisia president

Anti-Islamist Beji Caid Essebsi, 88, was sworn in Wednesday as Tunisia's first freely elected president vowing to work for national reconciliation, four years after an uprising that sparked the Arab Spring. The election of Essebsi, a veteran of previous r
Published 01 Jan, 2015 12:00am
Syria vows government posts to relatives of 'martyrs'

Syria vows government posts to relatives of 'martyrs'

Syria will award 50 percent of vacant government posts to relatives of soldiers and government employees killed or paralysed in the country's conflict, according to a law issued on Wednesday. The law, decreed by President Bashar al-Assad after passing par
Published 01 Jan, 2015 12:00am
Djibouti government reaches political deal with opposition

Djibouti government reaches political deal with opposition

Djibouti's government announced Wednesday it had reached a deal with the Horn of Africa country's main opposition party following 18 months of negotiations. The deal, seen as crucial for the stability of the strategic nation, paves the way for the opposit
Published 01 Jan, 2015 12:00am
Catastrophe avoided as runaway ship stopped off Italy

Catastrophe avoided as runaway ship stopped off Italy

Italy's coastguard said Wednesday it had narrowly averted a catastrophe by intercepting a runaway freighter that was on a collision course with the country's rocky shoreline with 768 people on board. In the second major maritime drama of recent days, offi
Published 01 Jan, 2015 12:00am
Putin sends New Year's greetings to Obama

Putin sends New Year's greetings to Obama

Russian President Vladimir Putin on Wednesday sent a New Year's greeting to US counterpart Barack Obama, saying the two countries share mutual responsibility to ensure world peace. In a statement showing Putin's New Year's messages to heads of state acros
Published 01 Jan, 2015 12:00am
Putin lauds 'milestone' year that saw Crimean annexation

Putin lauds 'milestone' year that saw Crimean annexation

President Vladimir Putin thanked Russians for defending national interests in what he described as an historic year that saw Crimea annexed from Ukraine and the "best ever" Winter Olympic Games. In a New Year's Eve message usually aired at midnight, which
Published 01 Jan, 2015 12:00am
Cotton futures ease in choppy trade as traders square books

Cotton futures ease in choppy trade as traders square books

Cotton futures edged lower on Tuesday as traders squared positions ahead of the year-end in thin, choppy trade ahead of the New Year holiday. The most-active March cotton contract on ICE Futures US closed down 0.03 cent, or 0.05 percent, at 61.98 cents a
Published 01 Jan, 2015 12:00am
Palm oil eases

Palm oil eases

Malaysian palm oil futures fell on Wednesday, but held on to this month's strong gains as monsoon floods curb output in Malaysia, although the market recorded a 15 percent drop this year due to plentiful global edible oil supplies. The flooding could resu
Published 01 Jan, 2015 12:00am
Floods cut Malaysia's rubber, palm oil

Floods cut Malaysia's rubber, palm oil

Flooding across parts of major rubber and palm oil producer Malaysia due to monsoon rains has cut production in December, a senior government official said, squeezing supply and lifting prices. Heavy downpours and floods this month have destroyed acres of
Published 01 Jan, 2015 12:00am
Wheat drops two percent

Wheat drops two percent

US wheat futures tumbled on Tuesday on profit taking and technical selling and as the dollar's strengthening against the euro added to already-challenging US wheat export prospects. Corn followed wheat lower in a profit-taking setback after the market hit
Published 01 Jan, 2015 12:00am
Arabica rallies, ends 2014 up 50 percent

Arabica rallies, ends 2014 up 50 percent

ICE arabica coffee futures rose from a 5-1/2 low on Wednesday as year-end buying boosted prices to a 50 percent rise for the year as a drought in top grower Brazil boosted arabica to the biggest annual gain on a 19-commodity index. Raw sugar inched down t
Published 01 Jan, 2015 12:00am
Soya tumbles

Soya tumbles

US soyabean futures fell on Wednesday and were set to end 2014 with their biggest loss in a decade as bumper production in the United States and South America replenished global supply of the protein-rich oilseed. Corn and wheat also fell during the sessi
Published 01 Jan, 2015 12:00am
Gold falls

Gold falls

Gold fell 1.5 percent on pressure from weak oil prices and gains in the US dollar on Wednesday, and was poised to end 2014 down a slight 2 percent after falling below $1,200 an ounce. The impact of a stronger dollar was partially offset by demand from inv
Published 01 Jan, 2015 12:00am
Gold up in Asia

Gold up in Asia

Gold headed towards $1,200 an ounce on Wednesday, holding onto overnight gains, as worries about Greece's future in the euro zone triggered a sell-off in equities and an increase in safe-haven bids for the metal. Bullion was on track to end the year large
Published 01 Jan, 2015 12:00am
Gold rises two percent in New York

Gold rises two percent in New York

Gold rose 2 percent on Tuesday, while silver jumped more than 4 percent as the dollar weakened and stock markets slid, with concerns over tension between Russia and the West also helping push the metal through key chart levels. Spot gold rose to a session
Published 01 Jan, 2015 12:00am
Gold down in Europe

Gold down in Europe

Gold edged down on higher shares on Wednesday, but was poised to end 2014 largely flat around $1,200 an ounce as the impact of a strong dollar was offset by demand from investors worried about tensions in Russia and political uncertainty in Greece. Bullio
Published 01 Jan, 2015 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded March copper contract on the Shanghai Futures Exchange rose about 1 percent to 45,800 yuan a tonne on Wednesday, on hopes that stimulus measures would boost demand. They are headed for a 7 percent drop for the year, a second straight drop
Published 01 Jan, 2015 12:00am
Copper ends 2014 with biggest loss in three years, nickel shines

Copper ends 2014 with biggest loss in three years, nickel shines

Copper prices ended 2014 with a loss of 14 percent, their biggest annual decline in three years, on concerns that a supply surplus will hit the market next year just as Chinese economic growth shifts down another gear. Losses in copper, the most widely fo
Published 01 Jan, 2015 12:00am
Oil declines after bearish report from US government

Oil declines after bearish report from US government

Oil prices continued to decline on Wednesday as investors digested a government report showing slowly growing demand and an increasing supply glut at the US oil storage hub at Cushing, Oklahoma. The Energy Information Association (EIA) released data showi
Published 01 Jan, 2015 12:00am
Islamic banking and finance industry has progressive outlook in 2015

Islamic banking and finance industry has progressive outlook in 2015

The year 2014 proved to be tremendous for Islamic banking and finance industry. It not only exceeded the limit of 2 trillion dollars assets but it also got access to the new markets including various new destinations of European region, Korea, Australia,
Published 01 Jan, 2015 12:00am
SHC suspends its verdict on sugarcane price till January 6

SHC suspends its verdict on sugarcane price till January 6

The Sindh High Court (SHC) on Wednesday suspended till January 6 the operation of its verdict dismissing a petition of the sugar millers challenging the notification issued by Sindh government fixing sugarcane price at Rs 182 per 40 kilograms.
Published 01 Jan, 2015 12:00am
Pak Elektron Limited

Pak Elektron Limited

It pays to invest in power sector. Those who doubt should look at the performance of Pak Elektron Limited (PEL). The firm - involved in both producing power sector equipments and electronic appliances - has been making waves at the Karachi Stock Exchange.
Published 01 Jan, 2015 12:00am
Pak Elektron Limited

Pak Elektron Limited

It pays to invest in power sector. Those who doubt should look at the performance of Pak Elektron Limited (PEL). The firm - involved in both producing power sector equipments and electronic appliances - has been making waves at the Karachi Stock Exchange.
Published 01 Jan, 2015 12:00am
IESCO notice

IESCO notice

According to IESCO spokesman, due to electricity maintenance/ development work power supply of the following feeders would remain suspended as under:- 03 January 9:00am to 05:00pm, Musthkam Cement be effected, 09:00am to 03:00pm, F-6/2, PM Sect:, CBR, PM
Published 01 Jan, 2015 12:00am
Lakhvi's detention challenged

Lakhvi's detention challenged

Zakiur Rehman Lakhvi, the main accused in the 2008 Mumbai terrorists attack, on Wednesday challenged the order of the duty magistrate who handed him over to the Islamabad Police on a two-day physical remand in a kidnapping case. Advocate Rizwan Abbasi, co
Published 01 Jan, 2015 12:00am
New companies' law SECP seeks submission of final draft by March 31

New companies' law SECP seeks submission of final draft by March 31

The Securities and Exchange Commission of Pakistan has asked the Corporate Law Review Commission Secretariat to submit the final draft of the new companies' law by March 31. The Commission, headed by Chairman SECP Zafar Hijazi in its meeting held on Decem
Published 01 Jan, 2015 12:00am
Saudi Arabia beheads Pakistani heroin smuggler

Saudi Arabia beheads Pakistani heroin smuggler

Saudi Arabia on Thursday beheaded a Pakistani man for heroin smuggling, the 13th prisoner from Pakistan to be executed in the kingdom for drug trafficking since mid-October. His beheading in the western Makkah province brings to 87 the number of Saudis an
Published 01 Jan, 2015 12:00am
KBP launches movement

KBP launches movement

Kisan Board Pakistan (KBP) has launched a movement to press the government for providing interest-free loans to rice, cotton and sugarcane growers hit hard by prices decline for saving the agricultural economy.
Published 01 Jan, 2015 12:00am
Five more kids die in Thar

Five more kids die in Thar

At least five more children died of famine in Thar, escalating the death toll to 261 in a span of 91 days on Wednesday. Affected people of Thar have been suffering the scarcity of food, water and medicinal facilities in Chachro and Mithi for a long time w
Published 01 Jan, 2015 12:00am
Meezan Bank, Pak Kuwait Takaful sign MoU

Meezan Bank, Pak Kuwait Takaful sign MoU

Pakistan's largest and leading Islamic bank, Meezan Bank and one of the country's most prominent Takaful operators, Pak Kuwait Takaful Co Ltd have entered into an agreement whereby Pak Kuwait Takaful will provide Takaful (Islamic Insurance) coverage for t
Published 01 Jan, 2015 12:00am
Meezan Bank, Pak Kuwait Takaful sign MoU

Meezan Bank, Pak Kuwait Takaful sign MoU

Pakistan's largest and leading Islamic bank, Meezan Bank and one of the country's most prominent Takaful operators, Pak Kuwait Takaful Co Ltd have entered into an agreement whereby Pak Kuwait Takaful will provide Takaful (Islamic Insurance) coverage for t
Published 01 Jan, 2015 12:00am
NBP launches first ATM Point service

NBP launches first ATM Point service

For the ease, comfort and care of NBP customers, National Bank of Pakistan (NBP) is in the process of setting up "NBP ATM POINT" which will comprise centres of 4-6 ATMs at various locations in the country, first of which was launched on Wednesday at NBP S
Published 01 Jan, 2015 12:00am
Small traders call for effective firefighting system

Small traders call for effective firefighting system

Small traders on Wednesday called for dismantling of the deficient Fire Brigade department that failed to respond to the weekend blaze, which turned billion of rupees residential and commercial property into ashes at Timber Market. Fire continued for over
Published 01 Jan, 2015 12:00am
Supreme Court seeks NAB comments on buying APCs from Serbia

Supreme Court seeks NAB comments on buying APCs from Serbia

The Supreme Court on Wednesday while adjourning till Thursday an application against the controversial procurement of armoured personnel carriers (APCs) for security agencies, summoned comments from the National Accountability Bureau (NAB) in the matter.
Published 01 Jan, 2015 12:00am
50 Hindu couples to tie nuptial knot tomorrow

50 Hindu couples to tie nuptial knot tomorrow

Fifty Hindu couples from poor families are going to tie knot during the Combined Marriages Programme, to be organised by Pakistan Hindu Council (PHC), at YMCA Ground, here on January 2. This was announced by Patron-in-chief of Pakistan Hindu Council and M
Published 01 Jan, 2015 12:00am
Navy holds Annual Fleet Efficiency Competition Parade

Navy holds Annual Fleet Efficiency Competition Parade

Pakistan Navy (PN) Annual Fleet Efficiency Competition Parade (ECP) for the year 2014 was held at PN Dockyard here on Wednesday. Chief of the Naval Staff, Admiral Muhammad Zakaullah graced the occasion as a chief guest. The Efficiency Competition Parade i
Published 01 Jan, 2015 12:00am
KP Police hold security awareness workshop

KP Police hold security awareness workshop

Khyber Pakhtunkhwa organised a security awareness workshop for the public and private educational institutions across the province here on Wednesday. The event was attended by Secretary Education, all District Education Officers of the province and repres
Published 01 Jan, 2015 12:00am
Indus University convocation 350 students awarded degrees

Indus University convocation 350 students awarded degrees

Some 350 students were awarded degrees at the 5th convocation of the Indus University held here on Wednesday at Expo Center. Speaking as the chief guest on the occasion, Sindh Minister for Education Nisar Khuhro, congratulated the passing out students and
Published 01 Jan, 2015 12:00am
145 cops among 2,721 people killed in 2014

145 cops among 2,721 people killed in 2014

As many as 2,721 people lost their lives in 2014 in different incidents of targeted killings in the city amid the ongoing operation against hardened criminals. The unabated targeted killings on sectarian, ethnic, and political grounds continued throughout
Published 01 Jan, 2015 12:00am
PAAPAM critical of PAIP 2014-19 formulation process

PAAPAM critical of PAIP 2014-19 formulation process

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has expressed concern over the process to formulate Pakistan Auto Industry Plan (PAIP) 2014-19. In a letter sent to Prime Minister Nawaz Sharif, PAAPAM said after an initial flu
Published 01 Jan, 2015 12:00am
Man killed, four injured in Karachi violence

Man killed, four injured in Karachi violence

A man was killed while four others injured in different incidents of violence in Karachi on Wednesday. According to police and rescue sources, Muhammad Irshad, son of Muhammad Ibrahim, a worker of Jamaat-i-Islami (JI), was shot dead by unknown people in N
Published 01 Jan, 2015 12:00am
UHS workshop for pathologists concludes

UHS workshop for pathologists concludes

A two-day workshop on "Practical Approach to Diagnostic Gastrointestinal (GI) and Liver Pathology," organised by Pathology Department of the University of Health Sciences (UHS) concluded here on Wednesday. The workshop was facilitated by senior consultant
Published 01 Jan, 2015 12:00am
Timber Market affectees: KE waives off outstanding electricity dues

Timber Market affectees: KE waives off outstanding electricity dues

Showing solidarity with the tragic incident of the Timber Market inferno, K-Electric (KE) has announced relief by waiving off the outstanding dues of the residential and commercial affectees of the Timber Market. Also, KE has announced that until the cons
Published 01 Jan, 2015 12:00am
SKMH celebrates 20th year of hospital

SKMH celebrates 20th year of hospital

Shaukat Khanum Memorial Cancer Hospital and Research Centre's organised a cake cutting ceremony in the hospital to celebrate 20th year of hospital. A large number of cancer patients, hospital management and employees were present on the occasion.
Published 01 Jan, 2015 12:00am
Potato emerges as main cash crop in Chitral, other valleys

Potato emerges as main cash crop in Chitral, other valleys

During the last two decades potato has emerged as the main cash crop of the high mountain region including Chitral and several other valleys. In Gobor and Golain valleys of Chitral most of the farmers rely solely on this crop to make a living.
Published 01 Jan, 2015 12:00am
'Smeda providing commendable services for SME development'

'Smeda providing commendable services for SME development'

"The Small and Medium Enterprises Development Authority (Smeda), despite being a lean organisation with scarce resources, is providing commendable services for development of SME sector in Pakistan." Toaha Hussain Bugti, Director Staff, Senior Management
Published 01 Jan, 2015 12:00am
Allama Iqbal Airport shuts down for two hours

Allama Iqbal Airport shuts down for two hours

Allama Iqbal International Airport shuts down for two hours after Pakistan International Airlines (PIA) flight PK-758 from London developed a technical fault after landing on Wednesday and hence could not move on to the parking area. It was reported that
Published 01 Jan, 2015 12:00am
Reshuffles in Punjab bureaucracy

Reshuffles in Punjab bureaucracy

Punjab government has reshuffled several officers, including six administrative secretaries and two Divisional Commissioners, on Tuesday. As per notification Secretary Services Mubashar Raza has been transferred and posted as Additional Chief Secretary (A
Published 01 Jan, 2015 12:00am
National Management College delegation visits NTDCL

National Management College delegation visits NTDCL

National Transmission and Despatch Company Limited (NTDCL) has commissioned One 500 kV grid station and eight 220 kV grid stations along with hundreds of kilometres transmission line during last six months across the country. The addition of new capacitie
Published 01 Jan, 2015 12:00am
PAL observes 100th death anniversary of Maulana Hali

PAL observes 100th death anniversary of Maulana Hali

"Maulana Altaf Hussain Hali is such a personality of our literature who kept the basement of new poetry with Muhammad Hussain Azad and in criticism he is regarded as the pioneer." Former Rector International Islamic University Islamabad (IIUI) Professor F
Published 01 Jan, 2015 12:00am
Seven killed, 7 hurt as van falls in deep ravine

Seven killed, 7 hurt as van falls in deep ravine

At least seven people were died and seven others injured when a passenger van fell into a deep ravine at Asghar Abad, some 10 kilometres away from here on Wednesday, Police said. Sources further said the van was coming from Rawalpindi to Muzaffarabad, and
Published 01 Jan, 2015 12:00am
23 terrorists killed in NWA aerial strikes

23 terrorists killed in NWA aerial strikes

At least 23 terrorists were killed and four of their hideouts destroyed in aerial strikes of security forces in North Waziristan Agency (NWA) on Wednesday evening. Inter-Services Public Relations (ISPR) said that jet fighters targeted suspected hideouts o
Published 01 Jan, 2015 12:00am
Third round LG polls held peacefully in Balochistan

Third round LG polls held peacefully in Balochistan

Polling for the third round of Local Government elections ended peacefully across the province, here on Wednesday. Election Commissioner Balochistan, Syed Sultan Bayazid said that the polling for 612 seats of labourers and peasants out of total 1,486 duri
Published 01 Jan, 2015 12:00am
Ikhtiar Baig's biography 'A Limitless Pakistani' launched

Ikhtiar Baig's biography 'A Limitless Pakistani' launched

The biography of Dr Mirza Ikhtiar Baig, Former Advisor to Prime Minister and Chairman Baig Group, titled as "A Limitless Pakistani" was launched by Mohsin-e-Pakistan Dr Abdul Qadeer Khan. Speakers highlighted various aspects of Dr Baig's life as an indust
Published 01 Jan, 2015 12:00am
JI chief blames US for subduing world through coercive policies

JI chief blames US for subduing world through coercive policies

Chief of Jamaat-i-Islami (JI) Siraj-ul-Haq on Wednesday blamed the US for subduing the world through its coercive policies, saying that the global conspiracies were responsible for unrest in Muslim countries. Speaking at the Rehmat-ul-Aalameen Conference,
Published 01 Jan, 2015 12:00am
Altaf calls for inquiry into MQM worker's murder

Altaf calls for inquiry into MQM worker's murder

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Wednesday called on the government to take action against the officials involved in the extra judicial killing of MQM worker who was arrested from the airport. In a statement, he also demanded of the p
Published 01 Jan, 2015 12:00am
Demand for security devices increases

Demand for security devices increases

Demand for surveillance equipment and CCTV cameras in the city has gone through the ceiling. "We are not only receiving huge number of inquiries about CCTVs and accompanying video recorders from schools but other organisations as well," said Mohammad Anwa
Published 01 Jan, 2015 12:00am
'SAARC forum provides opportunity to resolve major regional issues'

'SAARC forum provides opportunity to resolve major regional issues'

Multan Chamber of Commerce and Industry (MCCI) President Mian Iqbal Hassan has suggested that the SAARC forum was again providing the chance for our leaders to resolve major regional issues. Otherwise no one can stop the nuclear war on water issues betwee
Published 01 Jan, 2015 12:00am
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