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Print - 2015-05-03
Kuwait's KIPCO Q1 net profit rises

Kuwait's KIPCO Q1 net profit rises

Kuwait Projects Co (KIPCO), the Gulf state's largest investment company, reported a 17 percent rise in first-quarter net profit on Saturday. Net profit in the three months to March 31 was 12 million dinars ($40 million), compared to 10.3 million dinars in
Published 03 May, 2015 12:00am
Workers lift strike at BHP Billiton's Colombia nickel mine

Workers lift strike at BHP Billiton's Colombia nickel mine

Miners have ended a two-week long strike at the Cerro Matoso nickel mine in Colombia, after reaching agreement on a dispute that had force BHP Billiton to declare force majeure earlier this week, the company said on Friday. Unionized workers had been bloc
Published 03 May, 2015 12:00am
Deutsche Post staff out on strike again over parcel plans

Deutsche Post staff out on strike again over parcel plans

Thousands of workers at Deutsche Post staged another strike on Saturday over the company's plans to expand its parcel delivery service using staff on lower pay, labour union Verdi said. Deutsche Post said the strike, the third this month, meant that about
Published 03 May, 2015 12:00am
Spain's ACS wins $983 million bridge contract in Texas

Spain's ACS wins $983 million bridge contract in Texas

Spanish construction firm ACS said it had won a $983 million contract to design and build the longest cable-stayed bridge in the United States, in Texas. ACS, which will carry out the work through two of its subsidiaries, Dragados and Flatiron, will also
Published 03 May, 2015 12:00am
Kazakhstan to relaunch Kashagan oil field in 2016: minister

Kazakhstan to relaunch Kashagan oil field in 2016: minister

Kazakhstan's energy minister said Thursday that works at one of the world's largest offshore oil fields are ahead of schedule and that production could begin in December 2016. Development of the Kashagan offshore oil field in the north Caspian sea, which
Published 03 May, 2015 12:00am
NY jury finds ex-Goldman programmer Aleynikov guilty of code theft

NY jury finds ex-Goldman programmer Aleynikov guilty of code theft

A New York jury on Friday convicted a former Goldman Sachs Group Inc programmer of stealing some of the bank's high-frequency trading code, in a legal battle closely watched by Wall Street and the financial world. The jury found Sergey Aleynikov guilty on
Published 03 May, 2015 12:00am
General Motors tops Canada auto sales in April

General Motors tops Canada auto sales in April

General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. GM Canada sold 29,127 vehicles in April as
Published 03 May, 2015 12:00am
Wage history signals US employment nearly as good as it gets

Wage history signals US employment nearly as good as it gets

If history is any indication, US unemployment may not fall much further after one of the most reliable measures of wage gains jumped in the last quarter, giving the Federal Reserve another reason to soon raise interest rates. Over the last three decades,
Published 03 May, 2015 12:00am
Japanese fund managers maintain stock weightings in April

Japanese fund managers maintain stock weightings in April

Japanese fund managers kept overall allocations of stocks and bonds largely unchanged in their model portfolios in April but raised weightings on US stocks and bonds, a Reuters survey showed. A survey of seven Japan-based fund managers, conducted between
Published 03 May, 2015 12:00am
Japanese fund managers maintain stock weightings in April

Japanese fund managers maintain stock weightings in April

Japanese fund managers kept overall allocations of stocks and bonds largely unchanged in their model portfolios in April but raised weightings on US stocks and bonds, a Reuters survey showed. A survey of seven Japan-based fund managers, conducted between
Published 03 May, 2015 12:00am
Bubble risk grows as China's stock boom defies gravity

Bubble risk grows as China's stock boom defies gravity

What do a ketchup maker, a precious metal distributor and a medical device company have in common? They are the new poster kids of a boom in China's equity market - and a potential headache for policymakers, as valuations defy fundamentals. Fuelled in par
Published 03 May, 2015 12:00am
Fading liquidity in Taiwan stock rally raises worry of U-turn

Fading liquidity in Taiwan stock rally raises worry of U-turn

Taiwanese stocks may have risen to 15-year highs this week, but it is a market that is bleeding liquidity despite boasting some of the world's biggest tech companies, exposing investors to any sharp swing in prices and sentiment. Turnover has not kept pac
Published 03 May, 2015 12:00am
TSX rebounds as industrials, miners gain

TSX rebounds as industrials, miners gain

Canada's main stock index rebounded on Friday, with gains among miners, industrials and banks helping recoup almost all the previous session's losses. The most influential riser was Valeant Pharmaceuticals International Inc, which jumped 3.7 percent to C$
Published 03 May, 2015 12:00am
With Nasdaq at records, investors ask what's next for tech

With Nasdaq at records, investors ask what's next for tech

When the Nasdaq Composite last hit record highs during the dotcom era, fund manager Walter Price struggled with justifying paying 400 times a company's earnings for rapid growth Now, with the Nasdaq setting new closing records for the first time in 15 yea
Published 03 May, 2015 12:00am
Credit bureau TransUnion files for IPO

Credit bureau TransUnion files for IPO

TransUnion, one of the largest credit bureaus in the United States, filed with US regulators on Tuesday for an initial public offering of common stock. The company, whose competitors include Equifax Inc and Experian Plc, sells credit reports to lenders wh
Published 03 May, 2015 12:00am
Credit bureau TransUnion files for IPO

Credit bureau TransUnion files for IPO

TransUnion, one of the largest credit bureaus in the United States, filed with US regulators on Tuesday for an initial public offering of common stock. The company, whose competitors include Equifax Inc and Experian Plc, sells credit reports to lenders wh
Published 03 May, 2015 12:00am
Treasuries outlook: US bonds post steepest weekly sell-off in two months

Treasuries outlook: US bonds post steepest weekly sell-off in two months

US Treasuries prices fell on Friday, marking the market's worst week in two months, as traders who have been rethinking the global interest rate outlook further bailed out of bullish bond bets. Traders brushed off mild misses on US data on manufacturing a
Published 03 May, 2015 12:00am
Treasuries outlook: US bonds post steepest weekly sell-off in two months

Treasuries outlook: US bonds post steepest weekly sell-off in two months

US Treasuries prices fell on Friday, marking the market's worst week in two months, as traders who have been rethinking the global interest rate outlook further bailed out of bullish bond bets. Traders brushed off mild misses on US data on manufacturing a
Published 03 May, 2015 12:00am
Spanish train maker Talgo eyeing share listing

Spanish train maker Talgo eyeing share listing

Spanish train marker Talgo is aiming to make its stock market debut this month, in a share flotation that would value the company at over 1 billion euros ($1.1 billion), a source with knowledge of the matter said on Saturday. About 50 percent of the firm
Published 03 May, 2015 12:00am
Spanish train maker Talgo eyeing share listing

Spanish train maker Talgo eyeing share listing

Spanish train marker Talgo is aiming to make its stock market debut this month, in a share flotation that would value the company at over 1 billion euros ($1.1 billion), a source with knowledge of the matter said on Saturday. About 50 percent of the firm
Published 03 May, 2015 12:00am
AIM listings dry up in Q1 on commodity rout

AIM listings dry up in Q1 on commodity rout

New listings on Britain's Alternative Investment Market all but dried up in the first quarter as the commodity price rout deterred mining and oil companies, which traditionally seek financing there. According to AIM-focused accountancy firm UHY Hacker You
Published 03 May, 2015 12:00am
British investors stay bullish with big bets on stocks

British investors stay bullish with big bets on stocks

British investors, still convinced that monetary stimulus around the world will boost markets, kept their exposure to stocks at six-month highs in April, a Reuters poll has found. The monthly survey of 12 investment managers based in Britain found that th
Published 03 May, 2015 12:00am
US funds upbeat on eurozone; allocations largely unchanged

US funds upbeat on eurozone; allocations largely unchanged

US fund managers tweaked their recommended global allocations in April to reflect improving sentiment in the euro zone but largely left maintained the status quo, a Reuters poll found. Recommendations were mostly unchanged from March's model portfolio, in
Published 03 May, 2015 12:00am
US funds upbeat on eurozone; allocations largely unchanged

US funds upbeat on eurozone; allocations largely unchanged

US fund managers tweaked their recommended global allocations in April to reflect improving sentiment in the euro zone but largely left maintained the status quo, a Reuters poll found. Recommendations were mostly unchanged from March's model portfolio, in
Published 03 May, 2015 12:00am
Wall Street ends up sharply as investors buy beaten-down shares

Wall Street ends up sharply as investors buy beaten-down shares

US stocks bounced back sharply on Friday as investors snapped up beaten-down shares in the healthcare and technology sectors, and as data gave further signs of a pickup in the economy. Apple provided the biggest boost to the major indexes, jumping 3 perce
Published 03 May, 2015 12:00am
Integral launches OCX currency trading platform

Integral launches OCX currency trading platform

Integral Development Corp, a technology provider for the foreign exchange market, said on Wednesday it has launched a new currency trading platform called Open Currency Exchange or OCX. The new exchange combines liquidity from all major sources - disclose
Published 03 May, 2015 12:00am
China's yuan climbs to 5th most used currency in March: SWIFT

China's yuan climbs to 5th most used currency in March: SWIFT

China's yuan climbed to become the fifth most used global payment currency in March, with a market share of 2.03 percent, said global payment services organisation SWIFT on Thursday. Yuan payments increased in value by 33.5 percent in March from a month e
Published 03 May, 2015 12:00am
US on track to reach deals on forex rigging as soon as May

US on track to reach deals on forex rigging as soon as May

US authorities are on course to reach multi-billion-dollar agreements with five major banks over allegations of foreign exchange market rigging as soon as the second half of May, people familiar with the matter told Reuters on Friday. Talks between the ba
Published 03 May, 2015 12:00am
Canadian $ pressured by rebounding greenback

Canadian $ pressured by rebounding greenback

The Canadian dollar stumbled on Friday as the greenback bounced back from a dismal April on signs that a run of uninspired US economic data for the first quarter may be over. US economic figures on Friday were mixed, but investors appeared to be trading o
Published 03 May, 2015 12:00am
Dollar advances to two-week highs versus yen, euro slides

Dollar advances to two-week highs versus yen, euro slides

The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies, supported by signs that the US economy may be stabilizing after a recent soft patch. US economic reports were mixed, with consu
Published 03 May, 2015 12:00am
Norway to sell NOK 700 million of FX per day

Norway to sell NOK 700 million of FX per day

Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns ($94 million) per day in May, unchanged from April, the bank said on Thursday on its page. The bank is selling the currency because the government's transfers to i
Published 03 May, 2015 12:00am
Dollar longs fall to lowest since mid-December; euro shorts dip

Dollar longs fall to lowest since mid-December; euro shorts dip

Speculators pared back positive bets on the US dollar, pushing the currency's net long position to their lowest in 4-1/2 months, according to data from the Commodity Futures Trading Commission and Thomson Reuters released on Friday. The value of the dolla
Published 03 May, 2015 12:00am
Venezuela's currency woes hurt Q1 profit at US companies

Venezuela's currency woes hurt Q1 profit at US companies

Venezuela's volatile currency undercut profits at a number of large US companies during the first quarter, an ongoing problem that could force some of them to exit the South American country or write down all of their assets there. Operating conditions in
Published 03 May, 2015 12:00am
Syrian army setbacks drive currency to record low

Syrian army setbacks drive currency to record low

Concern over army setbacks against insurgents in recent weeks drove black market rates for the Syrian pound to a record low against the dollar on Wednesday, dealers and bankers said. Three dealers speaking by phone from Damascus said it cost as much as 31
Published 03 May, 2015 12:00am
Asia FX sentiment bullish for first time in six months

Asia FX sentiment bullish for first time in six months

Sentiment toward most emerging Asian currencies turned bullish for the first time in six months in recent weeks, a Reuters poll showed on Thursday, amid views that the US Federal Reserve may wait longer before starting to raise interest rates. Views on Th
Published 03 May, 2015 12:00am
Anderson treble has West Indies reeling

Anderson treble has West Indies reeling

West Indies slumped to 37 for three in reply to England's first innings total of 257 all out at lunch on the second day of the third Test at Kensington Oval on Saturday. James Anderson, the last man out as England's final three wickets added only 17 more
Published 03 May, 2015 12:00am
MT Women Club win LUMS Football trophy

MT Women Club win LUMS Football trophy

The Model Town Women Football Club lifted the LUMS Women Football Tournament trophy after edging out the LUMS Club in the final at the LUMS University Ground. A large number of football fans were gathered at stadium to watch the thrilling match between th
Published 03 May, 2015 12:00am
West Brom sink Man Utd, Burnley and QPR on brink

West Brom sink Man Utd, Burnley and QPR on brink

West Bromwich Albion dealt Manchester United's hopes of automatic Champions League qualification a serious blow with a smash-and-grab 1-0 victory at Old Trafford on Saturday. West Brom took a 64th-minute lead when Chris Brunt's free-kick cannoned into the
Published 03 May, 2015 12:00am
Six times world champion Geoff Duke dies

Six times world champion Geoff Duke dies

British motorcycle great Geoff Duke has died at the age of 92 on the Isle of Man, the sport's spiritual home where the six times world champion raced to six TT victories in the 1950s. The man known as 'The Duke' in an era when British bike manufacturers a
Published 03 May, 2015 12:00am
Dowsett smashes world one hour record

Dowsett smashes world one hour record

British cyclist Alex Dowsett broke the one hour world record on Saturday, recording 52.937km kilometres for the iconic 60-minute challenge at the Manchester Velodrome. The 26-year-old Commonwealth time trial champion rode a perfectly-controlled race to en
Published 03 May, 2015 12:00am
Federer survives Schwartzman test in Istanbul

Federer survives Schwartzman test in Istanbul

Top seed Roger Federer on Saturday survived a stern test from world number 63 Diego Schwartzman of Argentina to reach the final of the Istanbul Open after a tense three-set encounter. Federer, 33, looking to win his 85th career title and gain confidence o
Published 03 May, 2015 12:00am
Murray eyes first claycourt title in Munich

Murray eyes first claycourt title in Munich

World number three Andy Murray remained on course for a first claycourt title after he reached the Munich Open final with a 6-4 6-4 victory over Spain's Roberto Bautista-Agut on Saturday. The 27-year-old Scot, who earlier in the day came from a set down t
Published 03 May, 2015 12:00am
Juventus win 31st Italian title

Juventus win 31st Italian title

Juventus won the Italian title for the 31st time on Saturday after Arturo Vidal's first half strike saw Massimiliano Allegri's side defeat Sampdoria 1-0. It was their fourth league title in a row with as many games to spare this season. Chilean midfielder
Published 03 May, 2015 12:00am
Suarez hat-trick as eight-goal Barcelona rout Cordoba

Suarez hat-trick as eight-goal Barcelona rout Cordoba

Luis Suarez scored his first hat-trick for Barcelona as the Catalan giants crushed Cordoba 8-0 on Saturday to take another step towards La Liga title. Cordoba, who haven't won since January, held out for 42 minutes, but a four-goal blitz in 11 minutes eit
Published 03 May, 2015 12:00am
Tamim hits double ton as Bangladesh draw Test

Tamim hits double ton as Bangladesh draw Test

Tamim Iqbal smashed Bangladesh's highest Test score of 206 as the first Test against Pakistan petered out into a draw after another run feast in Khulna on Saturday. The hosts made light of the 296-run deficit in the first innings as they posted a mammoth
Published 03 May, 2015 12:00am
Government gives top priority to health, education: minister

Government gives top priority to health, education: minister

Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said the current government has given top priority to health and education. "The provincial health budget has been significantly enhanced and additional resources provided to accelerate the efforts to ac
Published 03 May, 2015 12:00am
Rescue 1122 saves 54,031 emergency victims in April

Rescue 1122 saves 54,031 emergency victims in April

The Punjab Emergency Service (Rescue 1122), while conducting as many as 51,754 rescue operations in the month of April, has rescued up to 54,031 victims of emergencies with average response time of seven minutes. The emergency calls to which Rescue 1122 r
Published 03 May, 2015 12:00am
Four 'terrorists' killed in Ittehad Town

Four 'terrorists' killed in Ittehad Town

Four terrorists were killed and four others injured in a raid conducted by Counter Terrorism Department in Ittehad Town, Baldia. According to In-charge CTD, Ali Raza, they belonged to Tehreek-e-Taliban Pakistan. Big cache of weapons, explosive material, s
Published 03 May, 2015 12:00am
Prices of essential items witness slight increase

Prices of essential items witness slight increase

Prices of essential kitchen items have witnessed a slight increase last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.
Published 03 May, 2015 12:00am
NSP's expansion: PEF launches phase-VI

NSP's expansion: PEF launches phase-VI

The Punjab Education Foundation (PEF) has launched the expansion phase six of its New School Programme (NSP) in the province. This expansion phase is launched in two categories; under the individual entrepreneur category, 43 partner schools will be opened
Published 03 May, 2015 12:00am
Expats to get passports through courier

Expats to get passports through courier

The Consulate General of Pakistan in Jeddah on Saturday launched a courier service to deliver the passports at the doorsteps of the Pakistani expatriates living within the Consulate's jurisdiction. Chairman Pakistan Red Crescent Society Dr Saeed Illahi an
Published 03 May, 2015 12:00am
Zardari discusses Sindh situation with Ibad

Zardari discusses Sindh situation with Ibad

Former president and leader of Pakistan Peoples Party (PPP) on Saturday met governor Sindh Dr Ishrat-ul-Ibad to discuss ongoing political situation of Sindh province. The meeting took place at governor House during which the both leaders also talked about
Published 03 May, 2015 12:00am
Work on 2,400 megawatts power plant under wayat Thar

Work on 2,400 megawatts power plant under wayat Thar

Work on twenty-four hundred megawatt coal based power plant is underway at Thar Coal Field at a cost of two billion dollars. The project is a joint venture of Sindh Engro Coal Company and the Sindh government and has also been brought under the umbrella o
Published 03 May, 2015 12:00am
LG electronics reports solid 1Q net profit

LG electronics reports solid 1Q net profit

LG Electronics Saturday announced un-audited first-quarter net profit of KRW 38.4 billion (USD 34.91 million) and operating profit of KRW 305.2 billion (USD 277.45 million), up significantly from the previous quarter. Consolidated revenues of 13.99 trilli
Published 03 May, 2015 12:00am
LG electronics reports solid 1Q net profit

LG electronics reports solid 1Q net profit

LG Electronics Saturday announced un-audited first-quarter net profit of KRW 38.4 billion (USD 34.91 million) and operating profit of KRW 305.2 billion (USD 277.45 million), up significantly from the previous quarter. Consolidated revenues of 13.99 trilli
Published 03 May, 2015 12:00am
World Press Freedom Day today

World Press Freedom Day today

Like other parts of the globe, World Press Freedom Day will also be observed in Pakistan on 3 May (Sunday). World Press Freedom Day is the day designated by the United Nations to create awareness about the importance of freedom of expression. This year, t
Published 03 May, 2015 12:00am
Chairman PEF stresses teachers' training for quality education

Chairman PEF stresses teachers' training for quality education

-The Punjab government has completed capacity building training of 40,000 teachers in the province and it is hoped that teachers would help to improve the quality of public sector schooling because of their good academic qualifications and professional tr
Published 03 May, 2015 12:00am
Contempt of court: Arrest warrants of former DG LDA issued

Contempt of court: Arrest warrants of former DG LDA issued

Civil court in Lahore has issued arrest warrants of former Director General (DG) Lahore Development Authority (LDA) Umer Rasool including eight officers and one sub-inspector in contempt of court case. According to details, the hearing was headed by civil
Published 03 May, 2015 12:00am
'Speaking against army intolerable'

'Speaking against army intolerable'

Pakistan Muslim League (PML) Punjab General Secretary Ch Zaheeruddin Khan has said that anyone speaking against the army, inside or outside the parliament, is intolerable. He said the govt issued its statement after ISPR's reaction which is a moment of th
Published 03 May, 2015 12:00am
Illegal detention: son appeals to government to save father's life

Illegal detention: son appeals to government to save father's life

Son of Agriculture Officer appealed the government and higher authority to save the life of his father who was arrested and detained illegally by Qasimabad Police Station since late night of April 28. Aakash Kumar Oad s/o Premchand Oad was addressing the
Published 03 May, 2015 12:00am
PIA inducts second ATR-72 aircraft

PIA inducts second ATR-72 aircraft

A second ATR-72 aircraft arrived at the Jinnah International Airport on May 1, to join the PIA fleet. This is the second of the 5 additional ATR-72 aircraft that PIA is inducting in its existing ATR fleet, according to PIA spokesman Muhammad Aamir Memon.
Published 03 May, 2015 12:00am
TDAP voices concern over acute water shortage

TDAP voices concern over acute water shortage

Chief Executive of Trade Development Authority of Pakistan (TDAP), S M Muneer has expressed concern over persisting water shortage and said that businessmen are compelled to buy water at high cost from tanker mafia to keep their businesses running.
Published 03 May, 2015 12:00am
Private firm's office gutted

Private firm's office gutted

An office of a private company on the third floor of a building in Sindhi Muslim Society on Saturday caught fire while fire brigade vehicles extinguished the fire after two hours of struggle. The office building caught fire and as many as two vehicles of
Published 03 May, 2015 12:00am
Zardari, Bilawal condemn killing of Nagori's brother

Zardari, Bilawal condemn killing of Nagori's brother

Co-Chairman Pakistan Peoples Party-PPP and former President Asif Ali Zardari has condoled over the death of Shaheed Akbar Nagori, brother of PPP leader and Sindh Minister Javed Nagori who was killed in a terrorist attack on his office last night. In a pre
Published 03 May, 2015 12:00am
Funeral prayer of slain Akbar Nagori offered

Funeral prayer of slain Akbar Nagori offered

Funeral prayer of slain Akbar Nagori was offered on Saturday in Karachi. Akbar Nagori was the brother of provincial minister Kachi Abadi Javed Nagori. According to details, the funeral prayer was attended by Senator Saeed Ghani, Advisor to Chief Minister
Published 03 May, 2015 12:00am
Zero Point to Koral Chowk: CDA to make signal-free 10 rows highway

Zero Point to Koral Chowk: CDA to make signal-free 10 rows highway

The Capital Development Authority (CDA) after completing process of pre-tenders constructing 10 rows Highway from Zero Point to Koral Chowk has invited bids from five qualified Construction Companies till May 20 to make the said highway signal free. The c
Published 03 May, 2015 12:00am
AC Malir barred from monitoring examination halls

AC Malir barred from monitoring examination halls

Commissioner Karachi Shoaib Siddiqui on Saturday taking the notice of reports of involvement of Assistant Commissioner (AC) Malir, Ayub Abbasi, for assisting her daughter in cheating and threatening vigilance team has stopped him from monitoring the exami
Published 03 May, 2015 12:00am
Rural development tops government agenda: Shahbaz

Rural development tops government agenda: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that rural development (farms to market project), provision of clean water, energy projects and Faisalabad Mega Projects were at the top of Punjab Government agenda for which all resources are being u
Published 03 May, 2015 12:00am
Twin cities: Prime Minister to inaugurate Metro Bus project on May 9

Twin cities: Prime Minister to inaugurate Metro Bus project on May 9

The multi-billion state-of-the-art Metro Bus project for the twin cities, Rawalpindi and Islamabad, is going to be inaugurated on May 09, by the Prime Minister Nawaz Sharif as the contractors have been asked to finalize the work as soon as possible.
Published 03 May, 2015 12:00am
ANF foils attempt to smuggle heroin to China

ANF foils attempt to smuggle heroin to China

Anti-Narcotics Force (ANF) on Saturday foiled an attempt of a foreigner to smuggle heroin to China at Benazir International Airport in Islamabad. According to sources, the suspect Prince Gillan Leonard is a citizen of South Africa and was stopped on ANF c
Published 03 May, 2015 12:00am
Three 'terrorists' held in raid near Havelian

Three 'terrorists' held in raid near Havelian

Counter Terrorism Department (CTD) Abbottabad on Saturday arrested three terrorists in a raid conducted at Langra village near Havelian. According to the details, CTD Abbottabad on the tipof information raided near Havelian caught red handed three terrori
Published 03 May, 2015 12:00am
Moderate quake jolts Swat, adjoining areas

Moderate quake jolts Swat, adjoining areas

A 4.7 magnitude earthquake on Saturday jolted Swat, Mingora and adjoining areas on Saturday. However, no damages to buildings reported. An earthquake was hit Swat and surrounding areas. The magnitude of the earthquake recorded 4.7 on the Richter scale. Ac
Published 03 May, 2015 12:00am
Pakistan sends relief goods to Nepal

Pakistan sends relief goods to Nepal

Pakistan on Saturday dispatched two more planes to Nepal carrying relief items including 600 tents, four tons of medicines and dry food to help those affected by the devastating earthquake. According to Foreign Office spokesperson Tasnim Aslam on the dire
Published 03 May, 2015 12:00am
Power shortfall reaches 5,000 megawatts

Power shortfall reaches 5,000 megawatts

The power shortfall has touched the alarming level of 5,000 megawatt since the demand for power has reached to 15,200 megawatt against the generation of 10200 megawatt at present, claim power sector sources. "Unannounced power-cuts have crept in the syste
Published 03 May, 2015 12:00am
Attack on Sherpao meant to silence Pakhtuns' voice: QWP

Attack on Sherpao meant to silence Pakhtuns' voice: QWP

Qaumi Watan Party (QWP) Provincial Chairman Sikandar Hayat Khan Sherpao has said that attack on QWP chief Aftab Ahmad Khan Sherpao is meant to silence Pakhtuns' voice and such attacks can't stop party's leadership from the struggle to safeguard their cons
Published 03 May, 2015 12:00am
Zardari for early adoption of RTI law

Zardari for early adoption of RTI law

On the eve of the Press Freedom Day, former president and Pakistan Peoples Party Co-Chairman Asif Ali Zardari has called for an early adoption of the Right to Information law, lying in limbo since long despite being adopted unanimously by the Senate Infor
Published 03 May, 2015 12:00am
UVAS conducts research on safe meat production

UVAS conducts research on safe meat production

Keeping in view the problems associated with antibiotics and antimicrobials use in the poultry feed, a solution-oriented research was conducted in the Department of Physiology, University of Veterinary and Animal Sciences, Lahore, to evaluate the producti
Published 03 May, 2015 12:00am
Pak-China Economic Corridor termed a 'game changer'

Pak-China Economic Corridor termed a 'game changer'

Special Assistant to Prime Minister Irfan Siddiqui has termed the Pakistan-China Economic Corridor project a "game changer", saying it is not simply "a road or railway route but a vital concept of development for which the nation will have to take its own
Published 03 May, 2015 12:00am
Villagers complain of excessive power outages, inflated bills

Villagers complain of excessive power outages, inflated bills

Residents of various villages in provincial assembly constituency PK-10 have complained the sending of inflated electricity bills to them by Pesco, and excessive power outages in the localities, demanding the unannounced electricity loadshedding should be
Published 03 May, 2015 12:00am
Five Pakistanis burnt to death in Riyadh

Five Pakistanis burnt to death in Riyadh

As many as five Pakistani nationals on Saturday were reported killed as fire engulfed a flat in Riyadh, Saudi Arabia. However, at least three others present in the flat were rescued. According to the department of city defence, short circuit is believed t
Published 03 May, 2015 12:00am
Malaysian education minister calls on PU vice chancellor

Malaysian education minister calls on PU vice chancellor

Malaysia's Federal Education Minister, Dato Seri Idris Jusoh, met Punjab University Vice Chancellor Professor Doctor Mujahid Kamran in his office on Saturday, with Malaysia's High Commissioner, Hasrul Sani Mujtabar, university deans and principals were al
Published 03 May, 2015 12:00am
CoAS felicitates new Suadi crown prince

CoAS felicitates new Suadi crown prince

Chief of Army Staff (CoAS) General Raheel Sharif on Saturday has congratulated Saudi Arabia's crown prince Mohammad bin Nayef via telephone for assuming new responsibilities. During the call, he expressed his good wishes for Saudi Arabia's newly-elected c
Published 03 May, 2015 12:00am
Handmade carpet expo to be held in October

Handmade carpet expo to be held in October

Federal Minister for Commerce Khurram Dastgir has invited the delegation of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) for a meeting on May 4, to deliberate on the 33rd Pakistan International Carpet Exhibition. The association has ann
Published 03 May, 2015 12:00am
Prime Minister seeks to make Pakistan 'Asian Tiger': PML-N leader

Prime Minister seeks to make Pakistan 'Asian Tiger': PML-N leader

PML-N senior leader Mohammad Pervaiz Malik on Saturday said the PML-N-led government is putting its best efforts to put the country on the path of progress and prosperity and days are not far when Pakistan would be standing tall in the comity of developed
Published 03 May, 2015 12:00am
IBC elects five members

IBC elects five members

The newly established Islamabad Bar Council elected on Saturday five members for a term of five years. These five members would elect a vice chairman for the IBC in coming days. The newly elected IBC members are: Qazi Rafiuddin Babar, Shoaib Shaheen, Haro
Published 03 May, 2015 12:00am
PU holds seminar on Pakistan-India relations

PU holds seminar on Pakistan-India relations

The Punjab University Pakistan Study Centre organised a seminar on 'Pakistan-Indian Relations: the European perspective.' University of Social Sciences and Humanities, Warsaw, Poland Professor Doctor Agnieszka Kuszewska was the keynote speaker, with centr
Published 03 May, 2015 12:00am
Plastic factory gutted

Plastic factory gutted

-A fire broke out in a plastic factory located in Karachi's area Eidgah cloth market MA Jinnah road on Saturday turning the factory into ashes whereas three houses were partially damaged. According to fire brigade sources, the fire erupted as a result of
Published 03 May, 2015 12:00am
Issuance of PRCs at IoK schools a dangerous ploy: Mirwaiz

Issuance of PRCs at IoK schools a dangerous ploy: Mirwaiz

The All Parties Hurriyet Conference Chairman, Mirwaiz Umar Farooq has said that the issuance of Permanent Resident Certificates by PDP-BJP regime at school level is a dangerous ploy to give state subject status to non-Kashmiris and pave way for their perm
Published 03 May, 2015 12:00am
Altaf's speech condemned

Altaf's speech condemned

The business community of South Punjab expressed its solidarity with the armed forces and condemned MQM chief Altaf Hussain's speech. President of Multan Chamber of Commerce and Industry (MCCI) said on Saturday, "MQM chief Altaf Hussain's speech on TV cha
Published 03 May, 2015 12:00am
Citi Pakistan holds TTS seminar

Citi Pakistan holds TTS seminar

Citibank N.A., Pakistan ("Citi Pakistan") recently held its globally acclaimed Planet Game and Treasury & Trade Solutions ("TTS") Seminar in Karachi. The two-day event featured an overview of the future of Cash Management and Trade in the region, and allo
Published 03 May, 2015 12:00am
CoAS attends Captain Qasim's funeral

CoAS attends Captain Qasim's funeral

Chief of the Army Staff (CoAS) General Raheel Sharif on Saturday attended the funeral of Captain Qasim and paid tribute to the martyr for his supreme sacrifice. According to a statement issued by the ISPR, the Army Chief laid wreath at grave of Captain Qa
Published 03 May, 2015 12:00am
PPP's prospects in Lyari

PPP's prospects in Lyari

In order to woo Lyari people, PPP co-chairman Asif Ali Zardari made a passionate speech at a public gathering at Kakri ground recently. Visibly concerned at 'Loss of Lyari', he announced a development package of one billion rupees for Lyari, setting up of
Published 03 May, 2015 12:00am
EU, Nato try to counter Russian propaganda

EU, Nato try to counter Russian propaganda

Western powers are getting set to counter an expertly crafted Russian disinformation campaign over Ukraine which has left them wrong-footed too many times for comfort. The aim is to win the daily battle for the news headlines, to get the EU and Nato story
Published 03 May, 2015 12:00am
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