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Print - 2015-04-01
US natural gas futures flat despite warmer forecasts

US natural gas futures flat despite warmer forecasts

US natural gas futures ended unchanged on Monday despite forecasts for above-normal temperatures over the next two weeks. On its first day as the front-month, May futures on the New York Mercantile Exchange closed up 0.5 cents at $2.644 per million Britis
Published 01 Apr, 2015 12:00am
Djokovic, Nishikori and Raonic win at Miami

Djokovic, Nishikori and Raonic win at Miami

World number one Novak Djokovic moved closer to a possible fourth Miami Open trophy Monday by defeating Belgium's Steve Darcis 6-0, 7-5 to reach the fourth round. Defending champion Djokovic, seeking his third March hardcourt double of Indian Wells and Mi
Published 01 Apr, 2015 12:00am
Clubs get bigger say in UEFA

Clubs get bigger say in UEFA

European clubs will get a greater say in UEFA's decision-making as well as extra cash from European tournaments under an accord announced Tuesday. After securing concessions from FIFA about deciding the international match calendar, top clubs have won two
Published 01 Apr, 2015 12:00am
Fawad Ahmed, Voges get West Indies, Ashes call up

Fawad Ahmed, Voges get West Indies, Ashes call up

Legspinner Fawad Ahmed, batsman Adam Voges and wicketkeeper Peter Nevill were all called up by Australia Tuesday for their upcoming tour of the West Indies and the Ashes campaign in England. But there was no room in the 17-man squad for allrounders James
Published 01 Apr, 2015 12:00am
New ECB chairman Graves mulls four-day Tests

New ECB chairman Graves mulls four-day Tests

Incoming England and Wales Cricket Board (ECB) chairman Colin Graves confirmed on Tuesday that he is considering tabling proposals to shorten Test matches from five days to four. "Personally, I think we should look at four-day Test cricket and play 105 ov
Published 01 Apr, 2015 12:00am
Japan down Uzbekistan

Japan down Uzbekistan

Goal-hungry Japan floored Uzbekistan 5-1 with an explosive performance in a friendly on Tuesday, with young guns Takashi Usami and Gaku Shibasaki pointing to a bright future for the Blue Samurai. Shibasaki scored Japan's third on 80 minutes with an outrag
Published 01 Apr, 2015 12:00am
FA confirms no British teams at 2016 Olympics

FA confirms no British teams at 2016 Olympics

England's Football Association confirmed on Tuesday that plans to enter British men's and women's football teams at next year's Olympic Games in Rio de Janeiro have been abandoned. The FA wanted to enter teams for the tournament, but had to scrap the prop
Published 01 Apr, 2015 12:00am
McCullum joins Birmingham Bears for Twenty20 Blast

McCullum joins Birmingham Bears for Twenty20 Blast

New Zealand cricket captain Brendon McCullum confirmed Tuesday he has signed for the Birmingham Bears for the defence of their T20 Blast title. McCullum joins the Bears - Warwickshire's T20 name - on a seven-match deal after playing a major role as New Ze
Published 01 Apr, 2015 12:00am
Vettori calls time on international career

Vettori calls time on international career

Long-serving New Zealand cricketer Daniel Vettori called time on his international career Tuesday, saying the World Cup final was his last appearance for the Black Caps. "It was my last game for New Zealand so it was a lovely way to finish," the former ca
Published 01 Apr, 2015 12:00am
Yoox agrees to buy Richemont's Net-a-Porter in all-share deal

Yoox agrees to buy Richemont's Net-a-Porter in all-share deal

Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros ($1.4 billion). Net-a-Porter (NAP)
Published 01 Apr, 2015 12:00am
Brazil ready to raise taxes as austerity drive falls short

Brazil ready to raise taxes as austerity drive falls short

Brazil is ready to raise taxes further, Finance Minister Joaquim Levy said on Tuesday, warning that the country's investment grade remains at risk as the government's fiscal results underperformed expectations.
Published 01 Apr, 2015 12:00am
Spain to reinstate primary healthcare for illegal immigrants

Spain to reinstate primary healthcare for illegal immigrants

Illegal immigrants in Spain will once again be able to get free primary healthcare at doctors' surgeries, the government said on Tuesday, doing a U-turn on an unpopular policy in a busy election year. The government withdrew the right to general healthcar
Published 01 Apr, 2015 12:00am
Euronext to launch dairy futures on April 13

Euronext to launch dairy futures on April 13

Euronext will launch its new dairy derivatives complex on April 13, less than two weeks after the abolition of the European Union's milk production quotas, it said on Tuesday. The offering includes futures for butter, skimmed milk powder and whey powder,
Published 01 Apr, 2015 12:00am
Paris court delays decision on Uber's unlicensed taxi service

Paris court delays decision on Uber's unlicensed taxi service

The Paris appeals court has delayed a decision on whether to ban Uber's unlicensed UberPOP service while it awaits the result of the US company's constitutional challenge of a new French law on taxis and chauffeured cars.
Published 01 Apr, 2015 12:00am
CBRE to buy Johnson Controls' workplace solutions for $1.48 billion

CBRE to buy Johnson Controls' workplace solutions for $1.48 billion

Johnson Controls Inc, the largest US auto parts maker, said it would sell its business that helps corporates manage their real estate energy needs to real estate services firm CBRE Group Inc for $1.48 billion in cash. Johnson Controls had said in Septembe
Published 01 Apr, 2015 12:00am
BIEK to issue computerised admit cards

BIEK to issue computerised admit cards

The Board of Intermediate Education Karachi (BIEK) will issue computerised Admit Cards to candidates appearing in the intermediate examinations scheduled for April 2015. Talking to media persons at his office, BIEK Chairman Anwar Ahmed Zai said on Tuesday
Published 01 Apr, 2015 12:00am
Industrialists criticise apathetic attitude of government

Industrialists criticise apathetic attitude of government

The Presidents and Senior Vice-Presidents of the city's industrial town associations have expressed their disappointment over the indifferent attitude of the elected representatives towards the issues highlighted by them time and again.
Published 01 Apr, 2015 12:00am
KP fast developing primary IT infrastructure

KP fast developing primary IT infrastructure

The Khyber Pakhtunkhwa is fast making headways to develop a primary infrastructure to augment its information technology sector with linking all key businesses to post a bigger growth in agriculture, healthcare, tourism etc. There are already two informat
Published 01 Apr, 2015 12:00am
CASA-South of ICAP: Junaid Shekha elected chairman

CASA-South of ICAP: Junaid Shekha elected chairman

The Chartered Accountants' Students Association, South (CASA-S) of ICAP conducted the elections for the Management Committee 2015-16 recently at ICAP House, Clifton, Karachi. The election committee comprised Abbas, FCA as Chairman Election Committee, Muha
Published 01 Apr, 2015 12:00am
Two alleged extortionists held in Karachi

Two alleged extortionists held in Karachi

Citizens Police Liaison Committee (CPLC) on Tuesday claimed to have arrested two alleged extortionists in a joint operation with the police. Various fake SIMs, cell phones and copies of national identity cards were also recovered during the course of acti
Published 01 Apr, 2015 12:00am
Five alleged criminals killed in separate raids

Five alleged criminals killed in separate raids

The law-enforcement agencies (LEAs) claimed to have gunned down five alleged criminals in separate raids here on Tuesday. According to police and rescue sources, on a tip-off about presence of Tehreek-i-Taliban Pakistan militants in the area, the police c
Published 01 Apr, 2015 12:00am
PPP sets up committees for supervision of upcoming LG polls

PPP sets up committees for supervision of upcoming LG polls

Pakistan People's Party (PPP) on Tuesday formed several committees for the supervision of forthcoming local government elections in the city. The committees were formed during a meeting of the party's Karachi Division held here at PPP Media Cell.
Published 01 Apr, 2015 12:00am
Four convicts set to be hanged in Balochistan: 'black warrants' issued

Four convicts set to be hanged in Balochistan: 'black warrants' issued

Five more convicts are set to be hanged as authorities issued 'black warrants' for the death row prisoners. Officials said the condemned prisoners would be executed in Muchh jail of Balochistan on April 7, 8 and 9. Prisoners waiting the noose in different
Published 01 Apr, 2015 12:00am
Pak-Morocco: Ishtiaq Baig made chairman Business Council

Pak-Morocco: Ishtiaq Baig made chairman Business Council

President of FPCCI Mian M Idrees has appointed Ishtiaq Baig Chairman Pak-Morocco Business Council of FPCCI for 2015. Ishtiaq Baig is a leading industrialist and Honorary Consul General of Kingdom of Morocco, having business interests in Morocco from the l
Published 01 Apr, 2015 12:00am
NBP Exchange Company opens branch at Hyderi

NBP Exchange Company opens branch at Hyderi

NBP Exchange Company Limited has opened a branch at Hyderi, North Nazimabad area on Tuesday. Chairman NBP Exchange Company Limited Khalid Bin Shaheen inaugurated the branch.
Published 01 Apr, 2015 12:00am
Standard Chartered hosts discussion on women's contribution

Standard Chartered hosts discussion on women's contribution

Standard Chartered under its Diversity & Inclusion platform joined hands with the British Deputy High Commission hosted a panel discussion titled "Celebrating Pakistani women: the importance of diversity for business growth" at the British Deputy High Com
Published 01 Apr, 2015 12:00am
People will wear electronic clothing in next 10 years: Dr Ata

People will wear electronic clothing in next 10 years: Dr Ata

Former Federal Minister Dr Ata- ur-Rehman on Tuesday said that the world would have electronic clothing in about 10 years as E-textiles sector was developing to provide the customers with unique products to wear. "In about 10 years, you will all be wearin
Published 01 Apr, 2015 12:00am
Unlawful buildings to be sealed in Quetta: DC

Unlawful buildings to be sealed in Quetta: DC

District administration of Quetta has decided to seal unlawful buildings constructed in violation of the building codes. Construction work on eight under construction plazas were also halted following their non-compliance of the building codes.
Published 01 Apr, 2015 12:00am
Ayyan's bail plea rejected

Ayyan's bail plea rejected

Lahore High Court's Rawalpindi bench on Tuesday rejected the bail plea of supermodel Ayyan Ali, upholding an earlier decision from a customs court. Sardar Ishaq, Ayyan Ali's counsel, argued before Justice Mahmood Maqbool Baqar that the money found was pro
Published 01 Apr, 2015 12:00am
Abid Butt honoured as 'Young Global Leader'

Abid Butt honoured as 'Young Global Leader'

The Forum of Young Global Leaders announced the Young Global Leaders candidates for 2014 selecting four individuals from Pakistan, who have demonstrated their commitment to serve society. Among them, Abid Butt, CEO e2e Supply Chain Management Ltd is one o
Published 01 Apr, 2015 12:00am
UNODC, Customs hold seminar on e-learning

UNODC, Customs hold seminar on e-learning

United Nations Office Drugs and Crime (UNODC) organized a seminar on 'UNODC e-Learning Programme - Enhancing the Law Enforcement Knowledge and Skills' jointly with Directorate General of Training & Research (Customs) Karachi. The event was held at Directo
Published 01 Apr, 2015 12:00am
FBR to recover over Rs 18 million tax from supermodel

FBR to recover over Rs 18 million tax from supermodel

Directorate General of Internal Audit (Inland Revenue) Federal Board of Revenue (FBR) has worked out estimated tax of Rs 18,857,500 to be recovered from the top female model after initiation of provisional assessment procedure for tax recovery on the basi
Published 01 Apr, 2015 12:00am
Anti-polio drive in Thatta from April 6

Anti-polio drive in Thatta from April 6

Deputy Commissioner Thatta, Agha Shahnawaz Babar has said that Polio is a fatal disease, which could be defeated through a collective struggle of all relevant departments of the district. He said that the district administration would take all possible st
Published 01 Apr, 2015 12:00am
IJT organises two-day book fair at JPMC

IJT organises two-day book fair at JPMC

Study Aid Project (SAP) organised a two-day book fair for newcomers at Jinnah Postgraduate Medical Centre (JPMC), in which famous Neurologist Dr Fozia Siddiqui (Sister of Dr Afia Siddiqui) was chief guest. Dr Fozia Siddiqui praised the SAP's struggle. She
Published 01 Apr, 2015 12:00am
Zardari orders removal of barriers outside Bilawal House

Zardari orders removal of barriers outside Bilawal House

-Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari has given orders to remove barriers and barricades outside Bilawal House despite security threats. PPP Vice-Chairman Sherry Rehman said "necessary directives have been issued to Sindh Chief Minist
Published 01 Apr, 2015 12:00am
Kazakhstan restricts sales of Russian meat products

Kazakhstan restricts sales of Russian meat products

Kazakhstan banned sales of a slew of meat products originating from Russia Tuesday, in another sign of tensions between the allies in a Moscow-backed trade union. Restrictions on sales of Russian pork products will go into effect immediately, said a state
Published 01 Apr, 2015 12:00am
British economy grows faster than expected

British economy grows faster than expected

Britain's economy grew faster than expected in the final quarter of last year, revised official data revealed Tuesday. Gross domestic product expanded by 0.6 percent in the last three months of 2014, up from a previous estimate of 0.5 percent, the Office
Published 01 Apr, 2015 12:00am
Eurozone deflation eases, unemployment drops

Eurozone deflation eases, unemployment drops

Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the European economy faces a dangerous spiral after four straight months of falling consumer prices. The threat of deflation in the eurozone remains a global co
Published 01 Apr, 2015 12:00am
US consumer confidence, house prices offer hope for economy

US consumer confidence, house prices offer hope for economy

US consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip. A combination of harsh winter weather, a n
Published 01 Apr, 2015 12:00am
Turkey growth slackens ahead of polls

Turkey growth slackens ahead of polls

Turkey's economic growth weakened last year to 2.9 percent, well down on 2013 and creating worries for the Islamic-rooted government ahead of June legislative elections, official data showed on Tuesday. Gross domestic product increased by 2.9 percent in 2
Published 01 Apr, 2015 12:00am
Airbus names Kurt Rossner head of A400M programme

Airbus names Kurt Rossner head of A400M programme

Airbus Group on Tuesday named Kurt Rossner as head of the A400M military transport aircraft programme. Rossner, who is currently in charge of light and medium transporters and derivatives, will report to Fernando Alonso, executive vice-president at the Mi
Published 01 Apr, 2015 12:00am
Dollar increases share of central bank FX reserves: IMF

Dollar increases share of central bank FX reserves: IMF

The US dollar increased its share of allocated international reserves to 62.9 percent among global central banks in the fourth quarter, data from the International Monetary Fund showed on Tuesday. The total amount of allocated foreign exchange holdings sh
Published 01 Apr, 2015 12:00am
China to launch deposit insurance from May 1

China to launch deposit insurance from May 1

China will launch deposit insurance to help protect bank customers from May 1, the government said Tuesday, in a move seen as key to eventually freeing interest rates. Deposit insurance will "protect the legal rights of depositors, allow timely prevention
Published 01 Apr, 2015 12:00am
Greece fails to reach initial deal on reforms

Greece fails to reach initial deal on reforms

Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday. The lack of a deal further raises pres
Published 01 Apr, 2015 12:00am
Petchems, banks drag down Saudi Arabia's bourse; rest of Gulf strong

Petchems, banks drag down Saudi Arabia's bourse; rest of Gulf strong

Saudi Arabia's bourse fell further on Tuesday in line with oil prices, while most other Gulf markets rose, reversing a pattern seen in the last few weeks when the kingdom outperformed the region. Brent and US oil dropped about 2 percent each as Iran and s
Published 01 Apr, 2015 12:00am
Nikkei drops

Nikkei drops

Japan's Nikkei share average dropped on Tuesday, shedding early gains as investors took profits on the last trading day of the quarter. The Nikkei benchmark fell 1.1 percent to 19,206.99 in choppy trade after rising to touch 19,607.25 in the morning.
Published 01 Apr, 2015 12:00am
Tuesday's midday trade: stocks dip after rally

Tuesday's midday trade: stocks dip after rally

US stocks fell on Tuesday in a modest retreat from the previous session's sharp rally, but major indexes remained on track for a positive first quarter and the S&P 500 was set for its ninth straight quarterly rise. Energy shares were in focus as crude oil
Published 01 Apr, 2015 12:00am
Wall Street climbs; deals help

Wall Street climbs; deals help

US stocks climbed more than 1 percent on Monday, rebounding from a sharp decline last week, helped by deal activity in healthcare and a bounce in energy shares. Also boosting investors' risk appetite, Chinese stocks surged to seven-year highs, helped by h
Published 01 Apr, 2015 12:00am
Hong Kong shares higher

Hong Kong shares higher

Hong Kong shares finished higher on Tuesday following the Chinese central bank's decision to loosen some restrictions on real estate lending. The Hang Seng index rose 0.2 percent to 24,900.89, while the China Enterprises Index gained 0.3 percent to 12,346
Published 01 Apr, 2015 12:00am
Treasuries little changed

Treasuries little changed

US Treasury debt prices were mostly little changed on Monday, with longer-dated maturities giving back some gains from last week, as equity markets rose on signs China was moving to bolster its massive economy. As Wall Street stocks jumped more than 1 per
Published 01 Apr, 2015 12:00am
Treasuries little changed

Treasuries little changed

US Treasury debt prices were mostly little changed on Monday, with longer-dated maturities giving back some gains from last week, as equity markets rose on signs China was moving to bolster its massive economy. As Wall Street stocks jumped more than 1 per
Published 01 Apr, 2015 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

Sri Lankan shares rose on Tuesday, recovering from a more than eight-month closing low hit in the previous session and snapping a six-session losing streak, due to window dressing ahead of the quarter-end, though political uncertainty weighed on sentiment
Published 01 Apr, 2015 12:00am
Indian shares post worst monthly fall in two years

Indian shares post worst monthly fall in two years

India's benchmark BSE index posted its worst monthly fall in more than two years, raising concerns a strong rally that saw indexes surge in the fiscal year was waning due to concerns about stock valuations and a more gradual economic growth.
Published 01 Apr, 2015 12:00am
China stocks fall on profit-taking

China stocks fall on profit-taking

China stocks shed early gains and fell on Tuesday, snapping a three-day winning streak as some investors who front-ran Beijing's property easing policies dumped shares to lock in profit. The CSI300 index, which surged 1.9 percent in morning trading, ended
Published 01 Apr, 2015 12:00am
European stock indices post best first quarter in years

European stock indices post best first quarter in years

European shares slipped on Tuesday after their recent sharp rally but retained big gains for the quarter, with Germany's DAX posting its strongest first-quarter performance since its creation in 1988. The DAX has surged 22 percent in the last three months
Published 01 Apr, 2015 12:00am
Australian shares rise

Australian shares rise

Australian shares percent rose 1.4 percent on Tuesday, rebounding after a steep sell-off in the previous session, helped by a positive lead from Wall Street and hopes for further economic stimulus in China. The S&P/ASX 200 index rose 82 points to 5,928.1
Published 01 Apr, 2015 12:00am
SE Asian markets: Thai shares up slightly in first quarter

SE Asian markets: Thai shares up slightly in first quarter

Southeast Asian stock markets rose on Tuesday, with the Philippine index posting its best quarterly gain in the region amid end-quarter portfolio buying and foreign inflows, while Thai tourism shares regained some lost ground on plans to lift martial law.
Published 01 Apr, 2015 12:00am
FTSE ends strong first quarter with sharp drop

FTSE ends strong first quarter with sharp drop

Britain's top share index fell sharply on Tuesday, depressed by weaker tobacco and commodity company shares, but managed to make its biggest quarterly gain since 2013. The FTSE was down 118.39 points, or 1.7 percent, at 6,773.04 by the close, and is up 3.
Published 01 Apr, 2015 12:00am
Mobilink wins 'CSR Excellence Awards'

Mobilink wins 'CSR Excellence Awards'

Mobilink won top honours at the 8th Annual CSR Excellence Awards 2014, which were conducted by the CSR Association of Pakistan. The telco received the award under the 'Innovation' category for its Corporate Social Responsibility (CSR) activities which wer
Published 01 Apr, 2015 12:00am
Signature drive for land reforms kicks off

Signature drive for land reforms kicks off

Peasants, fishermen and trade union leaders on Tuesday urged the Sindh government to announce land reforms process, as after the 18th Amendment in the Constitution, the provincial governments in Pakistan can make the laws.
Published 01 Apr, 2015 12:00am
JI supports Karachi operation

JI supports Karachi operation

Ameer Jamiat Islami Sindh Chapter, Dr Mairaj-ul-Huda Siddiqui has said that the ongoing operation in Karachi should be continued without any discrimination until elimination of all kinds of crimes from the city. He said this while addressing a press confe
Published 01 Apr, 2015 12:00am
Attack on PTI workers condemned

Attack on PTI workers condemned

Spokesperson for Pakistan Tehreek-e-Insaf (PTI), Shereen Mazari, has strongly condemned the attack of Muttahida Qaumi Movement's workers on PTI's wworkers in Karachi on Tuesday MQM workers attacked PTI leader and a candidate from NA-246 bye-polls, Imran I
Published 01 Apr, 2015 12:00am
DIBPL, EFU Life sign agreement

DIBPL, EFU Life sign agreement

Dubai Islamic Bank Pakistan Limited (DIBPL), and EFU Life Assurance Limited have entered into a corporate BancaTakaful agreement enabling a landmark distribution alliance for EFU Life's Window Family Takaful Products under a dedicated brand "Hemayah."
Published 01 Apr, 2015 12:00am
PTCL expands 'CharJi EVO' wireless service to Faisalabad

PTCL expands 'CharJi EVO' wireless service to Faisalabad

Pakistan Telecommunication Company Limited (PTCL) has expanded its next-generation CharJi EVO wireless broadband service to Faisalabad. The introduction of this high speed wireless service will enable residents of Faisalabad to experience fastest wireless
Published 01 Apr, 2015 12:00am
Wheat procurement drive to be launched by April-end: Shahbaz

Wheat procurement drive to be launched by April-end: Shahbaz

Chief Minister Shahbaz Sharif has announced that the wheat procurement campaign 2015 will be launched at the end of April in the province and gunny bags will be distributed among growers in accordance with the settled policy.
Published 01 Apr, 2015 12:00am
Peace committee's leader shot dead

Peace committee's leader shot dead

Unidentified gunmen shot dead a leader of peace committee here and injuring two others by spraying volley of bullets at his car here on Tuesday. According to police, the peace committee leader Sherpao Mehsud was on his way from Kot Azam to Tank when unkno
Published 01 Apr, 2015 12:00am
MD KWSB assures firm action against water theft

MD KWSB assures firm action against water theft

Managing Director (MD) Karachi Water and Sewerage Board (KWSB), Qutab uddin Shaikh said that the city facing around 500 million gallon water shortage daily. Talking to newsmen at Korangi Association of Trade and Industry (KATI), he said that 100 million g
Published 01 Apr, 2015 12:00am
MQM and PTI workers' clash: SHO Azizabad suspended

MQM and PTI workers' clash: SHO Azizabad suspended

AIG Sindh Ghulam Qadir Thebo on Tuesday suspended the Station House Officer (SHO) of Azizabad following a clash between workers of PTI and MQM on Tuesday. An official at Azizabad police station confirmed that AIG Sindh Ghulam Qadir Thebo had suspended SHO
Published 01 Apr, 2015 12:00am
MQM accuses PTI of hooliganism at Jinnah Ground

MQM accuses PTI of hooliganism at Jinnah Ground

Muttahida Qaumi Movement (MQM) leader Hyder Abbas Rizvi has said that PTI leader Imran Ismail and his supporters tore down the party's banners and posters of Altaf Hussain during their visit to Jinnah Ground located near the MQM Headquarters Nine-Zero, Az
Published 01 Apr, 2015 12:00am
Second round of Pak-Spain Bilateral Consultations held

Second round of Pak-Spain Bilateral Consultations held

The second round of Annual Bilateral Consultations between Pakistan and Spain was held in Islamabad on Tuesday. Pakistan side was led by Foreign Secretary Aizaz Ahmad Chaudhry, while Spanish delegation was headed by Ignacio Ybanez Rubio, Secretary of Stat
Published 01 Apr, 2015 12:00am
PSEB urged to focus on capacity building of IT sector

PSEB urged to focus on capacity building of IT sector

Minister of State for IT Anusha Rahman chaired the 29th meeting of the Board of Directors of Pakistan Software Export Board (PSEB) to assess the state of the IT industry of Pakistan and to evaluate the steps being taken to bolster long-term growth of the
Published 01 Apr, 2015 12:00am
Three POs with head money surrender voluntarily to KP CTD

Three POs with head money surrender voluntarily to KP CTD

Three proclaimed offenders with head money on their arrest have surrendered voluntarily to KP Counter Terrorism Department (CTD) here on Tuesday. Deputy Inspector General CTD Salahuddin informed the IGP KP Nasir Khan Durrani about the surrender of the pro
Published 01 Apr, 2015 12:00am
NA deputy speaker meets Vietnam President

NA deputy speaker meets Vietnam President

Deputy Speaker National Assembly of Pakistan Murtaza Javed Abbasi called on Truong Tan Sang, President of the Socialist Republic of Vietnam on the sidelines of 132nd Inter Parliamentary Union (IPU) Assembly in Hanoi, according to a message received from V
Published 01 Apr, 2015 12:00am
WGGEI for passage of Compulsory Education Bill in KP

WGGEI for passage of Compulsory Education Bill in KP

Participants of a consultative meeting of KP Working Group for Girls Education Initiative (WGGEI) on Legislation of Article 25-A in Khyber Pakhtunkhwa has called for passage of Compulsory Education Bill from provincial Assembly with immediate effect.
Published 01 Apr, 2015 12:00am
25 percent RD levied on import of wheat, by-products

25 percent RD levied on import of wheat, by-products

The Federal Board of Revenue (FBR) has imposed 25 percent regulatory duty on import of wheat, wheat flour, maida and semolina. In this regard, the FBR has issued S.R.O.254 (I)/2015 here on Tuesday.
Published 01 Apr, 2015 12:00am
Political stability must for economic prosperity: Ahsan

Political stability must for economic prosperity: Ahsan

Federal Minister for Planning, Development and Reforms Ahsan Iqbal has said that political stability and continuity of the development policies are essential for economic prosperity of the country.
Published 01 Apr, 2015 12:00am
Grooms face terror charges over wedding fireworks

Grooms face terror charges over wedding fireworks

Two newly-wed brothers could be facing long prison sentences after police arrested them on terrorism charges for letting off firecrackers during their joint wedding ceremony. It is a longstanding, if dangerous, custom at weddings to set off fireworks and
Published 01 Apr, 2015 12:00am
Fatemi, Spanish Secretary discuss bilateral relations

Fatemi, Spanish Secretary discuss bilateral relations

Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi on Tuesday received Spanish Secretary of State for Ministry of Foreign Affairs and Cooperation, Ignacio Ybanez Rubio. Tariq Fatemi expressed his condolences over the recent air c
Published 01 Apr, 2015 12:00am
Four prisoners executed in Punjab

Four prisoners executed in Punjab

Four prisoners condemned for murder and kidnapping executed, officials said, bringing the total number executed since the death penalty was resumed in December to 65. The four prisoners went to the gallows in Rawalpindi, Sargodha, Mianwali and Attock acro
Published 01 Apr, 2015 12:00am
Chinese yuan sturdy

Chinese yuan sturdy

China's yuan firmed against the dollar on Tuesday, bucking a trend of regional currency weakness with help from buoyant mainland markets after authorities signaled they would act to prevent a wider economic slowdown. To reverse a slide in property sales,
Published 01 Apr, 2015 12:00am
Dollar rises against currencies basket in Asia

Dollar rises against currencies basket in Asia

The dollar rose against a basket of currencies on Tuesday and was on track for its best quarter since 2008, bolstered by the diverging outlook for monetary policy in the United States compared to other major economies. The greenback remains below peaks hi
Published 01 Apr, 2015 12:00am
Euro skids in Europe on Greece worries

Euro skids in Europe on Greece worries

The euro skidded to a 10-day low against the dollar on Tuesday, leaving it on track for its worst quarter ever, as investors bet the monetary policies of the euro zone and the United States increasingly would diverge.
Published 01 Apr, 2015 12:00am
Early trade in New York: euro falls against dollar

Early trade in New York: euro falls against dollar

The euro fell to a 10-day low against the dollar on Tuesday, putting it on track for its worst-ever quarter, as investors renewed bets the US Federal Reserve would raise rates later this year while the European Central Bank moves to boost the euro zone ec
Published 01 Apr, 2015 12:00am
Euro slumps against dollar in New York

Euro slumps against dollar in New York

The euro slumped against the dollar on Monday on worries over whether Greece would secure aid before it runs out of cash in three weeks, while the greenback gained versus other currencies on the view the Federal Reserve will raise US interest rates this y
Published 01 Apr, 2015 12:00am
Sri Lankan rupee forwards up

Sri Lankan rupee forwards up

Sri Lankan rupee forwards ended a tad firmer on Tuesday as inflows from strong remittances and exporter dollar sales surpassed importer demand for the greenback, dealers said. Actively traded two-week forwards ended at 133.75/80 per dollar, compared with
Published 01 Apr, 2015 12:00am
Sterling soars against euro

Sterling soars against euro

Sterling rose to a one-week high against a struggling euro on Tuesday after data showed the British economy grew at a faster pace in the fourth quarter of last year than previously estimated. Gross domestic product between October and December grew by a q
Published 01 Apr, 2015 12:00am
Aussie nurses losses

Aussie nurses losses

The Australian dollar nursed losses on Tuesday after a heavy spill overnight amid growing expectations that the Reserve Bank of Australia could cut interest rates against as early as next week. It was a touch softer on the day at $0.7642, after a slide of
Published 01 Apr, 2015 12:00am
Dilemma for Israel as Palestinians join war crimes court

Dilemma for Israel as Palestinians join war crimes court

The Palestinian Authority becomes the 123rd member of the International Criminal Court on Wednesday, a major step that could move its decades-long conflict with Israel into a courtroom. Israel is opposed to the court, is not a member and has no plans to c
Published 01 Apr, 2015 12:00am
Myanmar government, rebels sign draft ceasefire accord

Myanmar government, rebels sign draft ceasefire accord

The United States led international praise on Tuesday for a draft ceasefire accord between Myanmar's government and ethnic rebel groups, a move aimed at ending more than 65 years of armed conflict in the country.
Published 01 Apr, 2015 12:00am
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