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Print - 2015-03-04
Dubai hotel income soars 9.8 percent in best return since crisis

Dubai hotel income soars 9.8 percent in best return since crisis

Dubai's hotels posted a 9.8 percent rise in revenues to $6.5 billion in 2014, the tourism authority said Tuesday, in the sector's best annual result since the 2009 financial crisis. The Department of Tourism and Commerce and Marketing said in a statement
Published 04 Mar, 2015 12:00am
China to centralise export tax rebate payments

China to centralise export tax rebate payments

China's central government will take charge of paying the entire rebate for companies taxed on export sales from this year, the cabinet said on Tuesday, to unify the rebate system and help dispel trading partners' suspicions of unfair competition. Previou
Published 04 Mar, 2015 12:00am
China to centralise export tax rebate payments

China to centralise export tax rebate payments

China's central government will take charge of paying the entire rebate for companies taxed on export sales from this year, the cabinet said on Tuesday, to unify the rebate system and help dispel trading partners' suspicions of unfair competition. Previou
Published 04 Mar, 2015 12:00am
EBRD to invest in Greece to 2020

EBRD to invest in Greece to 2020

The European Bank for Reconstruction and Development (EBRD) said Tuesday it would begin funding critically needed investment in cash-strapped Greece as Athens nears the end of a massive bailout programme. The private-sector champion said the programme wou
Published 04 Mar, 2015 12:00am
Faced with calls to boost growth, Germany ups investment

Faced with calls to boost growth, Germany ups investment

Germany said Tuesday it would sweeten a 10-billion-euro public investment plan with another five billion euros amid calls by partners to do more for the eurozone economy. After reporting its first balanced budget since 1969 last year, the finance ministry
Published 04 Mar, 2015 12:00am
German retail sales surge at fastest pace in 7 years

German retail sales surge at fastest pace in 7 years

German retail sales jumped by the largest amount in seven years in January, data from the Federal Statistics Office showed on Tuesday, fuelling expectations that private consumption will propel growth in Europe's largest economy this year. Retail sales, a
Published 04 Mar, 2015 12:00am
Australia's RBA holds rates

Australia's RBA holds rates

Australia's central bank held its cash rate steady on Tuesday to confound calls for a cut and sending the local dollar sharply higher, though it did leave the door wide open for an easing at future policy meetings. The currency jumped half a US cent after
Published 04 Mar, 2015 12:00am
New Yorkers spend nearly 60 percent of income on rent: study

New Yorkers spend nearly 60 percent of income on rent: study

Rent will gobble up nearly 60 percent of New Yorkers' income in 2015 with the median cost of an apartment to rise to $2,700 a month, a real-estate website said. Rent prices in the city grew at nearly twice the pace of income between 2000 and 2013, estimat
Published 04 Mar, 2015 12:00am
Ukraine hikes interest rates, triples gas prices as economy totters

Ukraine hikes interest rates, triples gas prices as economy totters

Ukraine's central bank moved to shore up the country's battered currency Tuesday by hiking interest rates to 30 percent as the government pushed through draconian reforms needed to clinch another IMF bailout. The bank said the eye-popping jump in the benc
Published 04 Mar, 2015 12:00am
Taxis block Brussels in Uber protest

Taxis block Brussels in Uber protest

Hundreds of taxi drivers from Belgium and France brought central Brussels to a virtual standstill Tuesday with their vehicles in a protest against the web-based taxi app Uber. Police said a go-slow procession of 627 cabs several kilometres (miles) long dr
Published 04 Mar, 2015 12:00am
South Korea, Saudi Arabia sign nuclear cooperation memo

South Korea, Saudi Arabia sign nuclear cooperation memo

South Korea and Saudi Arabia signed a memorandum on nuclear co-operation during a visit by President Park Geun-Hye that began Tuesday, official media said. The two sides reached a "memorandum of understanding in the field of nuclear co-operation programme
Published 04 Mar, 2015 12:00am
Gulf markets mixed on data, dividends

Gulf markets mixed on data, dividends

Gulf stock markets were mixed on Tuesday, guided by economic data and dividends, while Egypt edged up on the back of property stocks after reports about plans to build a new $80 billion capital city from scratch. Saudi Arabia's main stock index rose 1.1 p
Published 04 Mar, 2015 12:00am
Sri Lankan stocks fall to 3-week low

Sri Lankan stocks fall to 3-week low

Sri Lankan stocks fell to a three-week closing low on Tuesday and marked their third straight session of losses due to a rise in market interest rates. The central bank raised yields on treasury bills between 86 basis points and 91 basis points at a weekl
Published 04 Mar, 2015 12:00am
Nasdaq hits highest level since 2000; S&P, Dow hit records

Nasdaq hits highest level since 2000; S&P, Dow hit records

The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot.com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy. After oscillati
Published 04 Mar, 2015 12:00am
Taiwan stocks ease

Taiwan stocks ease

Taiwan stocks dipped on Tuesday as investors took profits on recent gains. As of 0212 GMT, the main TAIEX index was down 0.2 percent, or 20.52 points, at 9580.84, after closing down 0.2 percent on Monday. The electronics subindex was down 0.2 percent, whi
Published 04 Mar, 2015 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday as large sales of corporate debt pressured prices and as investors continued to question whether the Federal Reserve is likely to raise interest rates in the coming months. Pharmaceutical company Actavis on Monday was mar
Published 04 Mar, 2015 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday as large sales of corporate debt pressured prices and as investors continued to question whether the Federal Reserve is likely to raise interest rates in the coming months. Pharmaceutical company Actavis on Monday was mar
Published 04 Mar, 2015 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong shares surrendered early gains and closed lower on Tuesday, as losses in mainland China markets outweighed initial optimism fuelled by overnight bullishness in US stocks. Shares of mainland banks listed in Hong Kong also fell, dragging the bench
Published 04 Mar, 2015 12:00am
China stocks fall over two percent

China stocks fall over two percent

China's main stock indexes fell more than 2 percent on Tuesday as excitement over a weekend interest rate cut was extinguished by worries over tighter liquidity after regulators approved a flood of new initial public offerings (IPOs). Late on Monday, 24 C
Published 04 Mar, 2015 12:00am
India's NSE index hits record high

India's NSE index hits record high

India's broader NSE index rose to a record high on Tuesday, led by gains in Reliance Industries after CLSA said the conglomerate could report a record profit for the fourth quarter. The 50-share index rose as much as 0.58 pct to 9,008.40, surpassing its p
Published 04 Mar, 2015 12:00am
Tokyo stocks flat

Tokyo stocks flat

Tokyo stocks closed flat Tuesday on profit-taking after several days of gains, while Sharp tumbled on a report that said the struggling electronics maker is seeking aid from its key lenders and may close some money-losing units. The Nikkei 225 index at th
Published 04 Mar, 2015 12:00am
European shares slip off highs as Veolia and Barclays fall

European shares slip off highs as Veolia and Barclays fall

European stock markets slipped from multi-year highs on Tuesday, pegged back by falls in French environment company Veolia and British bank Barclays. Traders said the pullback was relatively minor, given a strong run since the start of 2015 that has seen
Published 04 Mar, 2015 12:00am
Australian shares lower

Australian shares lower

Australian shares ended down 0.4 percent on Tuesday, reversing early gains as investors showed their disappointment with the central bank's decision to keep its cash rate steady. Financials and metals and mining stocks were the biggest drag on the index.
Published 04 Mar, 2015 12:00am
Southeast Asian markets: Thai index touches near 6-week low

Southeast Asian markets: Thai index touches near 6-week low

The key Thai stock index hit a near 6-week closing low on Tuesday as index heavyweight PTT traded ex-dividend while the Philippine main index came off highs after Philippine Long Distance Telephone (PLDT) retreated after a weak earnings guidance. Thai ben
Published 04 Mar, 2015 12:00am
FTSE falls back from record high as Smith & Nephew slumps

FTSE falls back from record high as Smith & Nephew slumps

Britain's bluechip share index gave up early gains for a third straight session on Tuesday and dropped back from record highs as prospects for a takeover of Smith & Nephew dimmed and its shares slumped. Smith and Nephew fell 5.7 percent to 1,144p after US
Published 04 Mar, 2015 12:00am
Turkish lira slides to new low

Turkish lira slides to new low

Turkish lira hit a new all-time low in value against the dollar on Tuesday, extending recent losses after accelerating inflation stoked concerns about the emerging economy. The lira peaked at 2.5360, exceeding a previous low of 2.5275 after official data
Published 04 Mar, 2015 12:00am
Dollar hit by Japan government adviser's yen comment

Dollar hit by Japan government adviser's yen comment

The dollar pulled back a little from an 11-year peak against a basket of major currencies on Tuesday, with the Australian dollar stealing the spotlight as it surged after the Reserve Bank of Australia stood pat on interest rates. The US currency also was
Published 04 Mar, 2015 12:00am
Dollar index hits 11-year high in Europe

Dollar index hits 11-year high in Europe

The dollar rose to 11-year high against a basket of major currencies on Tuesday, with the US currency hitting a six-week high against the euro as interest rate differentials moved in favour of US Treasuries. The yield gap between two-year US Treasuries an
Published 04 Mar, 2015 12:00am
Early trade in New York: Dollar eases after touching 11-year peak

Early trade in New York: Dollar eases after touching 11-year peak

The dollar softened on Tuesday after touching an 11-year high against an index of other major currencies as dealers awaited details of Europe's massive bond-buying program and a key US jobs report. Trading was choppy. The dollar surrendered early gains ag
Published 04 Mar, 2015 12:00am
Dollar nudges 11-year high in New York

Dollar nudges 11-year high in New York

The dollar edged up on Monday, with an index that tracks the greenback against major currencies touching an 11-year peak even after soft economic data. The euro, which is off nearly 10 percent in the last three months, had been up by as much as a third of
Published 04 Mar, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-8.00 percent (* Previous 06.75-08.00 percent). (* revised).
Published 04 Mar, 2015 12:00am
Rand recovers

Rand recovers

The rand firmed late on Tuesday after tumbling to two-and-a-half week lows earlier when rating's agency Fitch warned that South Africa could lose its investment grade status. By 1414 GMT the rand had gained 0.08 percent against the greenback to 11.7600, r
Published 04 Mar, 2015 12:00am
Asian currencies rebound

Asian currencies rebound

Most emerging Asian currencies rose on Tuesday as the yen rebounded and Australia's central bank left its policy interest rate unchanged, defying some expectations of a cut. The Taiwan dollar gained on stock inflows, while the South Korean won advanced on
Published 04 Mar, 2015 12:00am
Yuan lower

Yuan lower

China's yuan edged down against the dollar on Tuesday, after the central bank fixed a weaker midpoint for the third consecutive day to reflect global strength in the dollar. The People's Bank of China set the midpoint rate at 6.1543 per dollar prior to ma
Published 04 Mar, 2015 12:00am
Sterling inches higher

Sterling inches higher

Sterling rose on Tuesday after a survey of construction managers came in better than expected, reinforcing a brighter economic start to a year that also features political uncertainty. Growth in the industry reached a four-month high in February, the data
Published 04 Mar, 2015 12:00am
Australian dollar jumps

Australian dollar jumps

The Australian dollar staged a broad rally on Tuesday as the market trimmed crowded bearish positions after the Reserve Bank of Australia (RBA) surprised some by not cutting interest rates at its monthly policy meeting. The Aussie jumped more than 50 pips
Published 04 Mar, 2015 12:00am
Whelan steps down as Wigan chairman

Whelan steps down as Wigan chairman

Dave Whelan has stepped down as chairman of English second-tier club Wigan Athletic and will be succeeded by his 23-year-old grandson David Sharpe, he announced on Tuesday. "The time has now come to hand over the reins," Whelan said in a statement on the
Published 04 Mar, 2015 12:00am
Tottenham Mackay dies

Tottenham Mackay dies

Dave Mackay, the former Scotland, Hearts and Derby County midfielder and member of Tottenham Hotspur's famous double-winning team of 1961, has died aged 80. Tottenham said in a statement Monday that their former captain was "one of the most influential pl
Published 04 Mar, 2015 12:00am
Anthem row adds to Morgan's woes

Anthem row adds to Morgan's woes

As if England captain Eoin Morgan did not have enough to worry about leading his stumbling side at the World Cup, he has become caught up in a row over his failure to sing the national anthem. Thumping defeats by Australia (111 runs), New Zealand (eight w
Published 04 Mar, 2015 12:00am
Wozniacki survives in Malaysia

Wozniacki survives in Malaysia

Top-seeded Caroline Wozniacki atoned for a first-round exit last year by cruising past China's Wang Yafan on Tuesday at the WTA Malaysian Open. For the second straight year, Wozniacki opened the tournament against an unseeded Chinese challenger who had to
Published 04 Mar, 2015 12:00am
Afghanistan 'not scared' of Australia, says skipper

Afghanistan 'not scared' of Australia, says skipper

Afghanistan captain Mohammad Nabi has insisted his side are "not scared" of Australia heading into Wednesday's World Cup clash in Perth. "We are not scared of them, but we respect them because they have good attacking bowlers and qood quality batsmen and
Published 04 Mar, 2015 12:00am
Case against Moin closed for good

Case against Moin closed for good

The Pakistan Cricket Board (PCB) claimed on Tuesday that it had closed for good the controversial case of chief selector Moin Khan who had dined in a casino two days before the World Cup match against the West Indies. Moin Khan, who did apologise after th
Published 04 Mar, 2015 12:00am
Prasanna as Herath cover

Prasanna as Herath cover

Sri Lanka have called-up Seekkuge Prasanna as World Cup cover for injured spinner Rangana Herath, the country's cricket board announced Tuesday. "Seekkuge Prasanna will go to Australia as a stand by for injured Rangana Herath who split his finger during t
Published 04 Mar, 2015 12:00am
Wahab Riaz reveals all-round ambition

Wahab Riaz reveals all-round ambition

Pakistan paceman Wahab Riaz is aiming to become a genuine all-rounder after starring with both bat and ball at the World Cup. The 29-year-old smashed his maiden one-day half-century besides taking four for 45 in Pakistan's hard-fought win over Zimbabwe in
Published 04 Mar, 2015 12:00am
Yousuf optimistic of Pakistan cruising in last-8 round

Yousuf optimistic of Pakistan cruising in last-8 round

Despite troubles and indifferent form, Pakistan will reach the quarterfinal of Cricket World Cup, former skipper Muhammad Yousuf predicted on Tuesday. "Despite problems in the first two matches, I firmly believed that Pakistan team will make it into the q
Published 04 Mar, 2015 12:00am
Familiar foes as Pakistan and UAE face off in World Cup

Familiar foes as Pakistan and UAE face off in World Cup

Pakistan play their home games in the United Arab Emirates and the Gulf side's XI features a majority of expats born in Pakistan. So it will be like two 'home' teams playing each other when Pakistan face the UAE in a World Cup Pool B game in Napier on Wed
Published 04 Mar, 2015 12:00am
Power-packed South Africa flatten Ireland

Power-packed South Africa flatten Ireland

Hashim Amla and Faf du Plessis hit centuries, while Dale Steyn shone in his 100th one-day international, as South Africa showcased their prowess with a 201-run rout of Ireland in the World Cup on Tuesday. Amla scored 159 off 128 balls to become the fastes
Published 04 Mar, 2015 12:00am
Hungary to keep secret details of Russian nuclear plant deal

Hungary to keep secret details of Russian nuclear plant deal

Hungary's parliament voted Tuesday to keep secret for 30 years details of contracts related to a controversial nuclear plant deal with Russia, a move critics said could shield corruption. A planned upgrade of Hungary's sole nuclear plant, which provides 4
Published 04 Mar, 2015 12:00am
Iraq jihadists slow Tikrit advance with bombs and snipers

Iraq jihadists slow Tikrit advance with bombs and snipers

Iraqi forces closed in on Tikrit Tuesday, their progress slowed by jihadist snipers and booby traps, on the second day of Baghdad's largest operation yet against the Islamic State group. The government has mobilised a 30,000-strong force for the push to r
Published 04 Mar, 2015 12:00am
Obama sharply criticises China's plans for new technology rules

Obama sharply criticises China's plans for new technology rules

President Barack Obama on Monday sharply criticised China's plans for new rules on US tech companies, urging Beijing to change the policy if it wants to do business with the United States and saying he had raised it with President Xi Jinping.
Published 04 Mar, 2015 12:00am
Afghan army suffers heavy combat losses: US

Afghan army suffers heavy combat losses: US

Afghan security forces are suffering heavy casualties on the battlefield and large numbers of troops are resigning or deserting their units, a new report said Tuesday. The US military also has overestimated the size of the Afghan police and army by a sign
Published 04 Mar, 2015 12:00am
Venezuela launches new US visa requirement

Venezuela launches new US visa requirement

Venezuela began requiring visas for US travelers to the country Tuesday, implementing a measure announced by President Nicolas Maduro in retaliation for American "meddling." In a notice published in the government's official gazette three days after Madur
Published 04 Mar, 2015 12:00am
UN moves to slap sanctions on South Sudan

UN moves to slap sanctions on South Sudan

The UN Security Council on Tuesday unanimously adopted a resolution to slap sanctions on South Sudan's warring factions, ratcheting up pressure as a deadline loomed to reach a peace deal. Drafted by the United States, the resolution sets up a sanctions co
Published 04 Mar, 2015 12:00am
North Korea warns US about pre-emptive strike 'if necessary'

North Korea warns US about pre-emptive strike 'if necessary'

North Korean Foreign Minister Ri Su Yong said on Tuesday that his country had the power to deter an "ever-increasing nuclear threat" by the United States with a pre-emptive strike if necessary. His rare speech at the UN-backed Conference on Disarmament dr
Published 04 Mar, 2015 12:00am
Halifax mall evacuated over 'potential threat': police

Halifax mall evacuated over 'potential threat': police

A mall in Canada's port city of Halifax, which is home to the navy's Atlantic fleet, was shuttered Tuesday over a potential threat, police said. "At 9 am. police received information about a potential threat to the Mic Mac Mall in Dartmouth," Halifax poli
Published 04 Mar, 2015 12:00am
Assad says Turkish leader backs extremism

Assad says Turkish leader backs extremism

Syrian President Bashar al-Assad accused his Turkish counterpart Recep Tayyip Erdogan of backing extremism as he met Tuesday with visiting Turkish opposition figures. "Erdogan leads with a destructive policy that does not serve at all the interest of his
Published 04 Mar, 2015 12:00am
Queen Elizabeth II strips Rolf Harris of top honour

Queen Elizabeth II strips Rolf Harris of top honour

Queen Elizabeth II has stripped disgraced family entertainer Rolf Harris of a top honour which she awarded him before his child sex crimes were discovered, officials said Tuesday. Harris, 84, was jailed last year over 12 counts of indecent assault against
Published 04 Mar, 2015 12:00am
African leaders urge Ebola 'Marshall Plan'

African leaders urge Ebola 'Marshall Plan'

Leaders of the west African countries worst hit by Ebola urged the world on Tuesday to back a "Marshall Plan" to help them stamp out the disease and rebuild their shattered economies. Liberian President Ellen Johnson Sirleaf, Sierra Leone President Ernest
Published 04 Mar, 2015 12:00am
Nobel Peace committee demotes controversial head

Nobel Peace committee demotes controversial head

Norway's Nobel Peace Prize committee on Tuesday demoted its controversial chairman Thorbjoern Jagland in a move unprecedented in the long history of the award. The organisation, which said the former Norwegian prime minister would remain as a committee me
Published 04 Mar, 2015 12:00am
ICE cotton falls for 4th straight session as investor buying cools

ICE cotton falls for 4th straight session as investor buying cools

ICE cotton fell to a two-week low on Tuesday and suffered its largest single-session loss in six weeks, as speculators who fuelled a rally over the past five weeks slowed down buying on indications that momentum has cooled. The most-active May cotton cont
Published 04 Mar, 2015 12:00am
Oil up as Netanyahu blasts Iran in speech; Libyan forces fight

Oil up as Netanyahu blasts Iran in speech; Libyan forces fight

Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces targeted oil terminals in the African nation. Higher prices imposed by Saudi Ara
Published 04 Mar, 2015 12:00am
77 alleged criminals held

77 alleged criminals held

Police on Tuesday claimed to have arrested 77 alleged criminals in different targeted raids and encounters conducted at various parts of metropolis during last 24 hours. Police said that these raids carried out as a part of Karachi Operation led to the ar
Published 04 Mar, 2015 12:00am
Ghandhara Nissan Limited (GHNL)

Ghandhara Nissan Limited (GHNL)

Going through web-copies of scanned balance sheets with blurry texts and numbers is quite a painstaking task. But when a firm's stock shoots or rather sky rockets after hibernating for about four years, then the same blurry balance sheets start looking qu
Published 04 Mar, 2015 12:00am
Ghandhara Nissan Limited (GHNL)

Ghandhara Nissan Limited (GHNL)

Going through web-copies of scanned balance sheets with blurry texts and numbers is quite a painstaking task. But when a firm's stock shoots or rather sky rockets after hibernating for about four years, then the same blurry balance sheets start looking qu
Published 04 Mar, 2015 12:00am
WAPDA workers protest against privatisation

WAPDA workers protest against privatisation

On the call of Pakistan WAPDA Hydro Workers Union (PWHWU), alike other parts of province, the protest was held against privatization of HESCO and other power distributions and generation companies. HESCO workers staged the sit-in protests after closing th
Published 04 Mar, 2015 12:00am
'Expo Pakistan 2015' opens new avenues for rice export: REAP chief

'Expo Pakistan 2015' opens new avenues for rice export: REAP chief

'Expo Pakistan 2015' has opened new avenues for the rice export as buyers of several countries were gathered under a roof, said Rafique Suleman Chairman Rice Exporters Association of Pakistan (REAP). Addressing a reception in honour of foreign delegations
Published 04 Mar, 2015 12:00am
Joint action urged to repeal discriminatory laws

Joint action urged to repeal discriminatory laws

The seminar called joint action of lawyers, media people, minority rights activists and civil society to force the government to implement the law to stop forced conversion and child marriages. They also urged the government to repeal the discriminatory l
Published 04 Mar, 2015 12:00am
Workshop

Workshop

The Department of Urology, Liaqat University of Medical & Health Sciences Jamshoro arranged a Pre-Symposium workshop on "Management of Urinary Incompetence" on 3rd March 2015 at Minimal Invasive Surgical Centre LUMHS Jamshoro. While addressing the partici
Published 04 Mar, 2015 12:00am
'Acute water shortage hitting activities in NKATI' estate

'Acute water shortage hitting activities in NKATI' estate

North Karachi Association of Trade and Industry's (NKATI) President Abdul Rashid Fodderwala has complained that acute shortage of water is forcing industrialists to purchase water privately at an exorbitant cost, which is rendering them uncompetitive in w
Published 04 Mar, 2015 12:00am
Cement sector's profit up 40 percent in October-December

Cement sector's profit up 40 percent in October-December

Pakistan listed cement sector has posted better than expected 40 percent (QoQ) earnings growth in October-December 2014 as net profits grew to Rs 12.7 billion as compared to Rs 9 billion in the previous quarter ending Sep2014. According to Topline researc
Published 04 Mar, 2015 12:00am
Operation against hate material launched

Operation against hate material launched

Under the supervision of Additional Deputy Commissioner Hafiz Mohammad Qasim and DPO Chaman Asad Khan Nasar, a search operation against the hate material has been launched in bordering town on Tuesday. The search team checked all shops and confiscated hat
Published 04 Mar, 2015 12:00am
TEVTA to offer 45 demand driven courses

TEVTA to offer 45 demand driven courses

Technical and Vocational Training Authority (TEVTA) will offer 45 demand driven courses in its 2nd phase of short courses. These courses will be offered to male and female youth at selected TEVTA Institutes across the province of the Punjab. These short c
Published 04 Mar, 2015 12:00am
Local Councils tribunal to hear appeals tomorrow

Local Councils tribunal to hear appeals tomorrow

Chairman and Judge, Appellate Tribunal Local Councils Sindh Syed Aley Maqbool Rizvi is scheduled to hear appeals pertaining to Municipal Corporations, Municipal Committees, Town Committees, District Councils and Union Councils etc. (Local Governments) of
Published 04 Mar, 2015 12:00am
TDAP authorised to hold 'AaliShan Pakistan Exhibition' in London

TDAP authorised to hold 'AaliShan Pakistan Exhibition' in London

The Board of Directors (BoD) of Export Development Fund (EDF) on Tuesday authorised the Trade Development Authority of Pakistan (TDAP) to hold 'AaliShan Pakistan Exhibition' in London in June 2015 with a massive cost of Rs 360 million to promote Pakistani
Published 04 Mar, 2015 12:00am
Three suspects held for contacts with Taliban in Hangu

Three suspects held for contacts with Taliban in Hangu

Hangu police have arrested three suspects for contacts with the Taliban and recovered cache of arms from their possession during a search and strike operation here on Tuesday. SHO Hangu, Khan Ullah Wazir said that during a successful raid police arrested
Published 04 Mar, 2015 12:00am
Orders issued to arrest all involved in Baldia Town incident

Orders issued to arrest all involved in Baldia Town incident

Director General (DG) Rangers Major General Ejaz Chaudhry has issued an order to arrest all those allegedly involved in Baldia Town factory incident. In a meeting headed by DG Rangers at Rangers Headquarters on Tuesday, some of the elements allegedly affe
Published 04 Mar, 2015 12:00am
Rs 12.99 million misappropriation: NAB arrests accused

Rs 12.99 million misappropriation: NAB arrests accused

The National Accountability Bureau (NAB) has arrested accused Syed Altaf Hussain, Teller United Bank Ltd. Hamid Square Branch Karachi, accused allegedly involved in misappropriation of Rs 12.99 million. The accused were arrested in line with the direction
Published 04 Mar, 2015 12:00am
Overseas Pakistanis Commission begins functioning in Punjab

Overseas Pakistanis Commission begins functioning in Punjab

Punjab government has set up Overseas Pakistanis Commission (OPC) to resolve the problems of Pakistanis living abroad and facilitate them. The commission has started functioning. 34 complaints were registered by OPC during one week and immediate action wa
Published 04 Mar, 2015 12:00am
Nawaz briefed on Pakistan's nuclear power programme

Nawaz briefed on Pakistan's nuclear power programme

Prime Minister Muhammad Nawaz Sharif was given a briefing on Pakistan's Nuclear Power Programme by Pakistan Atomic Energy Commission at the PM House, here on Tuesday. Matters relating to K2 and K3 power projects as well as future projects which are being
Published 04 Mar, 2015 12:00am
KU students protest raise in fees

KU students protest raise in fees

-Students of Karachi University on Tuesday staged a protest against the raise in the university fee and chanted slogans against the vice chancellor. University of Karachi has raised not only its semester examination fee by 40% but has also increased other
Published 04 Mar, 2015 12:00am
Ministry may submit new auto policy before ECC for approval

Ministry may submit new auto policy before ECC for approval

The Ministry of Industries and Production is likely to submit new auto sector policy before the Economic Co-ordination Committee (ECC) of the Cabinet for approval in its upcoming meeting. Ministry of Industries and Production Secretary Raja Hassan Abbas i
Published 04 Mar, 2015 12:00am
CFO Conference 2015 in Karachi, Islamabad this month

CFO Conference 2015 in Karachi, Islamabad this month

The Institute of Charted Accountants of Pakistan (ICAP) is going to organise CFO Conference 2015 under the theme "Sustaining Excellence - Shifting Gears" in Karachi and Islamabad. Talking to media persons at ICAP's head office, President ICAP Yacoob Sutta
Published 04 Mar, 2015 12:00am
Child Restraint (Amendment) Bill-2015 forwarded to parliamentary body

Child Restraint (Amendment) Bill-2015 forwarded to parliamentary body

In Punjab Assembly proceeding here on Tuesday 'The Child Restraint (Amendment) Bill-2015' was forwarded to parliamentary committee for deliberations. The Committee would send the bill back to the house in a two month period. At Punjab Assembly premises bl
Published 04 Mar, 2015 12:00am
Funds for uplift works diverted to energy sector

Funds for uplift works diverted to energy sector

Punjab Industries Minister Chaudhry Muhammad Shafiq said on Tuesday that his government has suspended development projects to divert funds to the energy sector so that it could supply 3,600 megawatts of electricity to the Punjab-based industries in the ne
Published 04 Mar, 2015 12:00am
SECP implements manuals for enforcement, adjudication

SECP implements manuals for enforcement, adjudication

The Securities and Exchange Commission of Pakistan's (SECP), for greater transparency and efficiency, has implemented new manuals for its enforcement, adjudication and litigation functions. The new manuals for offsite surveillance and monitoring, inspecti
Published 04 Mar, 2015 12:00am
Afghan national held in Chaman Killa

Afghan national held in Chaman Killa

An Afghan national running shop in Chaman Killa Abdullah district of Balochistan was arrested on Tuesday. Official sources said that under the supervision of Additional Deputy Commissioner Chaman Killa Abdullah Hafiz Mohammad Qasim, team carried search in
Published 04 Mar, 2015 12:00am
Uganda's officials, secretary BoI discuss trade opportunities

Uganda's officials, secretary BoI discuss trade opportunities

Asuman Kiyingi, Minister of State for Foreign Affairs and Dr Muhammad Ahmed Kisuule, Ambassador of Uganda visited Pakistan and met Secretary Board of Investment (BoI) Iftikhar Babar to discuss and explore the investment and trade opportunities in Pakistan
Published 04 Mar, 2015 12:00am
Senate elections: PPP to win chairman, deputy chairman slots

Senate elections: PPP to win chairman, deputy chairman slots

Provincial president, PPP, Khyber Pakhtunkhwa, Khanzada Khan and general secretary, Mohammad Hamayun Khan has said that due to the capable leadership of co-chairman and former President of Pakistan, Asif Ali Zardari the party will once again succeed in el
Published 04 Mar, 2015 12:00am
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