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Print - 2015-06-07
Russia and Egypt hold joint naval exercise

Russia and Egypt hold joint naval exercise

Russia and Egypt are holding their first ever joint naval exercise, Russia's defence ministry said on Saturday, strengthening the ties between two states which were once Cold War allies. The eight-day drills off the Mediterranean Egyptian port of Alexandr
Published 07 Jun, 2015 12:00am
Selom Klassou named as Togo's new prime minister

Selom Klassou named as Togo's new prime minister

Togo's President Faure Gnassingbe has named Selom Klassou as the country's new prime minister after winning elections in April, extending his family's nearly five-decade grip on power. Klassou, the first vice-president of the National Assembly and former
Published 07 Jun, 2015 12:00am
Climate debate takes global pulse ahead of Paris summit

Climate debate takes global pulse ahead of Paris summit

From the typhoon-ravaged Philippines to the Arizona desert, thousands of people gathered across 79 countries Saturday for what was touted as the world's largest-ever public debate on climate change. Results of the day-long consultations will be submitted
Published 07 Jun, 2015 12:00am
Don't be afraid of Russia, Putin tells West

Don't be afraid of Russia, Putin tells West

Russia is not a threat to the West, President Vladimir Putin insisted in an interview published on Saturday, saying he was still committed to a Ukraine peace deal after a fresh flare-up in the country's east. "I would like to say - there's no need to be a
Published 07 Jun, 2015 12:00am
Neymar caught up in Brazil tax investigation

Neymar caught up in Brazil tax investigation

Brazilian superstar Neymar is under investigation by Brazilian tax authorities as the ramifications from his move from Santos to Barcelona two years ago deepen, according to Brazilian news magazine Epoca, citing finance ministry documentation. The report
Published 07 Jun, 2015 12:00am
Australia romp to victory over sorry West Indies

Australia romp to victory over sorry West Indies

Australia completed a comprehensive nine-wicket victory just before stumps on the third day of the first Test against the West Indies at the Windsor Park Stadium in Dominica on Friday after the home side's second innings resistance crumbled. A 144-run fou
Published 07 Jun, 2015 12:00am
Raza Hasan challenges doping ban

Raza Hasan challenges doping ban

Pakistan's left-arm spinner Raza Hasan Saturday challenged a two-year ban imposed on him for failing a drug test, saying he was not given a chance to defend himself. Pakistan Cricket Board (PCB) last week banned the 22-year-old spinner after he failed a d
Published 07 Jun, 2015 12:00am
Badminton: Defending champion Jorgensen sails to final

Badminton: Defending champion Jorgensen sails to final

Defending champion Jan O. Jorgensen of Denmark sailed to the Indonesia Open finals after Germany's Marc Zwiebler was forced to retire due to illness on Saturday. Third-seeded Jorgensen faced a tough fight from Zwiebler, who refused to let up and kept poin
Published 07 Jun, 2015 12:00am
Bangladesh shuts Islamic seminary, forbids banners for India tour

Bangladesh shuts Islamic seminary, forbids banners for India tour

Bangladesh authorities have shut down an Islamic seminary next to a cricket stadium in Dhaka and forbidden provocative banners ahead of the Indian team's upcoming tour of the country, officials said Saturday. Maulana Abdus Shakoor, head of the Rauzatun Sa
Published 07 Jun, 2015 12:00am
Thumbs-up Schumacher Jnr unhurt after crash

Thumbs-up Schumacher Jnr unhurt after crash

Severely injured Formula One great Michael Schumacher's 16-year-old son Mick Schumacher suffered Saturday his first crash in Formula Four but escaped unhurt. He ploughed into tyres at the Red Bull Ring in Spielberg, Austria but was able to climb out of th
Published 07 Jun, 2015 12:00am
Djokovic downs Murray, faces Wawrinka for French Open title

Djokovic downs Murray, faces Wawrinka for French Open title

Novak Djokovic beat battling Andy Murray 6-3, 6-3, 5-7, 5-7, 6-1 Saturday to reach his third French Open final and stand on the cusp of a career Grand Slam. The world number one, who knocked out nine-time champion Rafael Nadal in the quarter finals, goes
Published 07 Jun, 2015 12:00am
Vietnamese swimmer Nguyen breaks two records at SEA Games

Vietnamese swimmer Nguyen breaks two records at SEA Games

Vietnamese swimming sensation Nguyen Thi Anh Vien broke two Southeast Asian Games records in less than an hour on Saturday to make the perfect start in her bid to win a record 11 gold medals. The 18-year-old left her rivals dead in the water as she cruise
Published 07 Jun, 2015 12:00am
Serena wins 20th Grand Slam in Paris

Serena wins 20th Grand Slam in Paris

Serena Williams won her 20th Grand Slam title and third French Open crown at Roland Garros on Saturday, clawing her way back from a break down in the last set to defeat Lucie Safarova 6-3, 6-7 (2/7), 6-2. In what was a disjointed affair, the 33-year-old A
Published 07 Jun, 2015 12:00am
IGP Sindh disbands SITs

IGP Sindh disbands SITs

-On the receipt of persisting complaints regarding misuse of powers and corruption against Special Investigation Teams (SIT) of various police units, Inspector General of Police (IGP) Sindh Ghulam Haider jamali has strictly directed that all such SITs sha
Published 07 Jun, 2015 12:00am
19 products' inputs: Duty concessions proposed to be withdrawn

19 products' inputs: Duty concessions proposed to be withdrawn

The concessions of customs duty under SRO565(1)/2006 to inputs of 19 products having import value below Rs 30 million annually are proposed to be withdrawn in budget (2015-16). The FBR's proposals relating to the withdrawal of concessions pertaining to cu
Published 07 Jun, 2015 12:00am
FPCCI chief assails budget

FPCCI chief assails budget

Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) president Mian Mohammad Adrees has severely criticized the federal budget's proposals. He said that the government instead of declaring all the five export-oriented sectors as zero-rated h
Published 07 Jun, 2015 12:00am
Progress of Sahiwal coal power project reviewed

Progress of Sahiwal coal power project reviewed

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting, here on Saturday, which reviewed the progress of Sahiwal coal power project. Head of Sahiwal Coal Power Project Song Taiji gave a briefing about the project. Addressing the meeting,
Published 07 Jun, 2015 12:00am
Four die of poisonous gas exposure

Four die of poisonous gas exposure

-At least four labourers died and two others affected due to poisonous gas during digging well here on Saturday. Police said that six labourers were busy in digging well in Kattgar area of Hangu when following the leakage toxic gas filled in the well. Fou
Published 07 Jun, 2015 12:00am
PBIF chief terms budget as pro-development

PBIF chief terms budget as pro-development

President of Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister Mian Zahid Hussain has said on Saturday that Rs 4.313 trillion budget will trigger the national development. He said it was a pro-development budget that will
Published 07 Jun, 2015 12:00am
Appointment of director in WWF challenged in IHC

Appointment of director in WWF challenged in IHC

Appointment of a director in Workers Welfare Fund (WWF) has been challenged in the Islamabad High Court (IHC) on Saturday. A petitioner Sajjad Hussain challenged the appointment of Waseem Afzal Warriach as director in the WWF (BPS-19), making Secretary Mi
Published 07 Jun, 2015 12:00am
Chinese copper demand growth to slide

Chinese copper demand growth to slide

Growth in Chinese demand for copper in 2016 was likely to be hit by a new directive from regulators that could replace predominant copper with cheaper aluminum for making alloy cable, Goldman Sachs said on Monday. China accounts for half of global copper
Published 07 Jun, 2015 12:00am
Red Kite co-founder plans new Orion metals fund

Red Kite co-founder plans new Orion metals fund

US mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his ow
Published 07 Jun, 2015 12:00am
India's May Iran oil imports hit highest since March 2014

India's May Iran oil imports hit highest since March 2014

India's imports of Iranian crude oil rose last month to their highest level since March 2014 as refiners boosted purchases ahead of a final push by international negotiators to reach a deal on Tehran's disputed nuclear programme by end-June. The jump to a
Published 07 Jun, 2015 12:00am
South Africa's 2015 maize output forecast seen little changed

South Africa's 2015 maize output forecast seen little changed

South Africa is likely to slightly drop its 2015 maize output forecast, a Reuters survey showed on Monday, as farmers realised lower yields in crop-producing regions owing to drought. The government's Crop Estimates Committee (CEC) last month pegged the 2
Published 07 Jun, 2015 12:00am
Asian rubber Tyre makers buy Indonesian grade after prices dip

Asian rubber Tyre makers buy Indonesian grade after prices dip

Deal activity picked up this week in the physical rubber markets as a dip in prices after recent sharp gains attracted back buyers, with global tyre makers snapping up Indonesian grade. The Tokyo Commodity Exchange rubber contract has lost 0.3 percent thi
Published 07 Jun, 2015 12:00am
CME sees smooth move to Trading at Settlement agri orders

CME sees smooth move to Trading at Settlement agri orders

CME Group Inc expects its new Trading at Settlement order processing for agricultural markets will efficiently replace the traditional Market on Close orders that allowed late-landing grain and livestock futures trades to be filled for decades, an exchang
Published 07 Jun, 2015 12:00am
Westpac eyes China, India for commodities trade growth
Currency

Westpac eyes China, India for commodities trade growth

A recent entrant in Asia's commodities markets, Australia's Westpac Banking Corp is ramping up to take advantage of a commodities "supercycle" that it says has at least another 30 years to run. While some global banks have exited commodities due to more s
Published 07 Jun, 2015 12:00am
Asian refiners forced to get creative to stay competitive

Asian refiners forced to get creative to stay competitive

Faced with competition from mammoth new refineries in the Middle East and soft fuel demand in key markets, Asian refiners are trying a variety of tactics to cope from investing in refineries in emerging markets to using cheaper energy sources. Less comple
Published 07 Jun, 2015 12:00am
Oil prices slide as Opec sits tight

Oil prices slide as Opec sits tight

World oil prices slid this week as Opec decided against cutting its output target, while a boost for the dollar also weighed on commodities, including gold.
Published 07 Jun, 2015 12:00am
Oil prices slide as Opec sits tight

Oil prices slide as Opec sits tight

World oil prices slid this week as Opec decided against cutting its output target, while a boost for the dollar also weighed on commodities, including gold.
Published 07 Jun, 2015 12:00am
Economic Survey lacks objectivity

Economic Survey lacks objectivity

Nearly all targets set for fiscal year 2014-15 were missed. This is what the Economic Survey of Pakistan 2014-15 actually tells us. According to it, Pakistani exports declined due to incompetitiveness of local exporters vis-à-vis regional countries, slow
Published 07 Jun, 2015 12:00am
The Kenyan town kept afloat by a foreign army

The Kenyan town kept afloat by a foreign army

Alphonse 'Junior' Mutiso, the 32-year-old proprietor of 'Cpt John Cooks Curio Shop' in Nanyuki, Kenya, is an expert in British military badges. "There are the Royal Engineers, the Royal Irish, Welsh and Scots, The Rifles, Royal Anglian," he said, listing
Published 07 Jun, 2015 12:00am
California drought not helping water funds, but stocks prosper

California drought not helping water funds, but stocks prosper

The record California drought, now in its fourth year, is prompting fund managers to dive into the shares of water technology companies. Fund managers from T. Rowe Price, Janus, and Mairs & Power are among those that have increased their stakes in firms s
Published 07 Jun, 2015 12:00am
The LG polls controversy

The LG polls controversy

The controversy over alleged rigging/mismanagement in the KPK local government elections rages on. JUI-F has been threatening to stage a protest sit-in and hold an all-party conference to devise a joint action. ANP President Asfandyar Wali Khan called a p
Published 07 Jun, 2015 12:00am
The President's speech

The President's speech

President Mamnoon Hussain's annual speech to a joint session of Parliament was devoted mostly to extolling the performance of the government during the last two years, though he mentioned some problem areas as well. He deservedly praised the government fo
Published 07 Jun, 2015 12:00am
Pakistan's N-deterrence is here to stay

Pakistan's N-deterrence is here to stay

It should come as a shock to the media campaigners against Pakistan's nuclear programme that international support for the country's efforts to become a member of the Nuclear Suppliers Group has gained a tangible momentum. Away from its erstwhile indiffer
Published 07 Jun, 2015 12:00am
Nearly 400 dead in China ship sinking as search for bodies widens

Nearly 400 dead in China ship sinking as search for bodies widens

Rescuers extended their search for victims of a Chinese cruise ship sinking to include a vast stretch of the Yangtze river Saturday, as the confirmed death toll rose to 396, marking the country's worst shipping disaster in nearly 70 years. With most bodie
Published 07 Jun, 2015 12:00am
Nearly 400 dead in China ship sinking as search for bodies widens

Nearly 400 dead in China ship sinking as search for bodies widens

Rescuers extended their search for victims of a Chinese cruise ship sinking to include a vast stretch of the Yangtze river Saturday, as the confirmed death toll rose to 396, marking the country's worst shipping disaster in nearly 70 years. With most bodie
Published 07 Jun, 2015 12:00am
Egypt quashes Hamas terror blacklisting: court official

Egypt quashes Hamas terror blacklisting: court official

An Egyptian court on Saturday quashed a February decision by another tribunal branding the Palestinian Islamist movement Hamas a terrorist group, a court official said. He told AFP that the earlier ruling was thrown out because the court that issued it wa
Published 07 Jun, 2015 12:00am
Turkey braces for tense polls after deadly attack

Turkey braces for tense polls after deadly attack

Turkey on Saturday prepared for its tightest elections in over a decade, with tensions riding high after a bomb attack killed two and wounded dozens at a rally of the main pro-Kurdish party. Judicial sources said the explosions at a rally Friday of the pr
Published 07 Jun, 2015 12:00am
Turkey braces for tense polls after deadly attack

Turkey braces for tense polls after deadly attack

Turkey on Saturday prepared for its tightest elections in over a decade, with tensions riding high after a bomb attack killed two and wounded dozens at a rally of the main pro-Kurdish party. Judicial sources said the explosions at a rally Friday of the pr
Published 07 Jun, 2015 12:00am
11 dead, 8 missing on Malaysian peak after quake

11 dead, 8 missing on Malaysian peak after quake

strong earthquake that jolted Malaysia's Mount Kinabalu has killed at least 11 people and left another eight missing on Southeast Asia's highest peak,a government official said Saturday. "As at noon time (0400 GMT)11 bodies have been recovered (2 identifi
Published 07 Jun, 2015 12:00am
Unparliamentary conduct of some parliamentarians

Unparliamentary conduct of some parliamentarians

Some parliamentarians from Sindh have reportedly maltreated flight supervisor of Pakistan International Airline (PIA) for not delaying the flight PK-319. According to sources, PIA officials were informed that some parliamentarians were travelling from fli
Published 07 Jun, 2015 12:00am
Unparliamentary conduct of some parliamentarians

Unparliamentary conduct of some parliamentarians

Some parliamentarians from Sindh have reportedly maltreated flight supervisor of Pakistan International Airline (PIA) for not delaying the flight PK-319. According to sources, PIA officials were informed that some parliamentarians were travelling from fli
Published 07 Jun, 2015 12:00am
Eight Malala shooting suspects acquitted still in custody: official

Eight Malala shooting suspects acquitted still in custody: official

Eight of the 10 men acquitted by a court over the attempted murder of Pakistani schoolgirl activist Malala Yousafzai are still being held in custody on other charges, officials said on Saturday. Court and security officials said last month 10 men had been
Published 07 Jun, 2015 12:00am
India, Bangladesh seal 'historic' border pact as Modi visits

India, Bangladesh seal 'historic' border pact as Modi visits

Bangladesh and India on Saturday sealed a historic land pact to swap territories, which will finally allow tens of thousands of people living in border enclaves to choose their nationality after decades of stateless limbo. Foreign secretaries of the two n
Published 07 Jun, 2015 12:00am
India, Bangladesh seal 'historic' border pact as Modi visits

India, Bangladesh seal 'historic' border pact as Modi visits

Bangladesh and India on Saturday sealed a historic land pact to swap territories, which will finally allow tens of thousands of people living in border enclaves to choose their nationality after decades of stateless limbo. Foreign secretaries of the two n
Published 07 Jun, 2015 12:00am
Heavy police presence for G7 as protesters stage colourful demos

Heavy police presence for G7 as protesters stage colourful demos

Around 4,000 people staged colourful and largely peaceful protests under a very heavy police presence on Saturday on the eve of the G7 summit in southern Germany. Police reported isolated incidents and in one case deployed pepper spray to disperse some pr
Published 07 Jun, 2015 12:00am
Heavy police presence for G7 as protesters stage colourful demos

Heavy police presence for G7 as protesters stage colourful demos

Around 4,000 people staged colourful and largely peaceful protests under a very heavy police presence on Saturday on the eve of the G7 summit in southern Germany. Police reported isolated incidents and in one case deployed pepper spray to disperse some pr
Published 07 Jun, 2015 12:00am
Hollande, Merkel, Tsipras in new Greek debt crisis talks

Hollande, Merkel, Tsipras in new Greek debt crisis talks

German Chancellor Angela Merkel, French President Francois Hollande and Greek Prime Minister Alexis Tsipras spoke by phone Saturday to discuss Greece''s debt crisis as time runs out to reach a deal, a French diplomatic source said. "They took stock of the
Published 07 Jun, 2015 12:00am
Hollande, Merkel, Tsipras in new Greek debt crisis talks

Hollande, Merkel, Tsipras in new Greek debt crisis talks

German Chancellor Angela Merkel, French President Francois Hollande and Greek Prime Minister Alexis Tsipras spoke by phone Saturday to discuss Greece's debt crisis as time runs out to reach a deal, a French diplomatic source said. "They took stock of the
Published 07 Jun, 2015 12:00am
Hollande, Merkel, Tsipras in new Greek debt crisis talks

Hollande, Merkel, Tsipras in new Greek debt crisis talks

German Chancellor Angela Merkel, French President Francois Hollande and Greek Prime Minister Alexis Tsipras spoke by phone Saturday to discuss Greece's debt crisis as time runs out to reach a deal, a French diplomatic source said. "They took stock of the
Published 07 Jun, 2015 12:00am
Local carbon markets to be set up

Local carbon markets to be set up

The Ministry of Climate Change is planning to set up local carbon markets to lower greenhouse gas emissions and lure investment in different sectors, though allocation for ''''Carbon Neutral Pakistan'''' project included in Public Sector Development Progr
Published 07 Jun, 2015 12:00am
Local carbon markets to be set up

Local carbon markets to be set up

The Ministry of Climate Change is planning to set up local carbon markets to lower greenhouse gas emissions and lure investment in different sectors, though allocation for ''Carbon Neutral Pakistan'' project included in Public Sector Development Programme
Published 07 Jun, 2015 12:00am
Local carbon markets to be set up

Local carbon markets to be set up

The Ministry of Climate Change is planning to set up local carbon markets to lower greenhouse gas emissions and lure investment in different sectors, though allocation for 'Carbon Neutral Pakistan' project included in Public Sector Development Programme 2
Published 07 Jun, 2015 12:00am
Local carbon markets to be set up

Local carbon markets to be set up

The Ministry of Climate Change is planning to set up local carbon markets to lower greenhouse gas emissions and lure investment in different sectors, though allocation for 'Carbon Neutral Pakistan' project included in Public Sector Development Programme 2
Published 07 Jun, 2015 12:00am
Airbus developing reusable space rocket launcher

Airbus developing reusable space rocket launcher

European aircraft and aerospace giant Airbus has unveiled plans for a reusable space rocket launcher that should be ready in 2025, which the firm says will be radically different from the concept of rival US firm Space X. Airbus must overcome significant
Published 07 Jun, 2015 12:00am
Airbus developing reusable space rocket launcher

Airbus developing reusable space rocket launcher

European aircraft and aerospace giant Airbus has unveiled plans for a reusable space rocket launcher that should be ready in 2025, which the firm says will be radically different from the concept of rival US firm Space X. Airbus must overcome significant
Published 07 Jun, 2015 12:00am
Airbus developing reusable space rocket launcher

Airbus developing reusable space rocket launcher

European aircraft and aerospace giant Airbus has unveiled plans for a reusable space rocket launcher that should be ready in 2025, which the firm says will be radically different from the concept of rival US firm Space X. Airbus must overcome significant
Published 07 Jun, 2015 12:00am
In Sarajevo, Pope says world haunted by atmosphere of war

In Sarajevo, Pope says world haunted by atmosphere of war

Pope Francis on Saturday bemoaned the "atmosphere of war" haunting the world as he urged the people of war-scarred Sarajevo to provide an example of how different cultures and religions can co-exist peacefully. The 78-year-old was given a rapturous recept
Published 07 Jun, 2015 12:00am
In Sarajevo, Pope says world haunted by atmosphere of war

In Sarajevo, Pope says world haunted by atmosphere of war

Pope Francis on Saturday bemoaned the "atmosphere of war" haunting the world as he urged the people of war-scarred Sarajevo to provide an example of how different cultures and religions can co-exist peacefully. The 78-year-old was given a rapturous recept
Published 07 Jun, 2015 12:00am
Gunmen kill four policemen in Quetta

Gunmen kill four policemen in Quetta

Gunmen on motorcycles shot dead four policemen, here on Saturday, police said. The shooting took place in Pashtunabad, a low-income neighbourhood on the outskirts of Quetta when policemen were patrolling the area. "Four gunmen on two motorcycles sprayed b
Published 07 Jun, 2015 12:00am
Gunmen kill four policemen in Quetta

Gunmen kill four policemen in Quetta

Gunmen on motorcycles shot dead four policemen, here on Saturday, police said. The shooting took place in Pashtunabad, a low-income neighbourhood on the outskirts of Quetta when policemen were patrolling the area. "Four gunmen on two motorcycles sprayed b
Published 07 Jun, 2015 12:00am
ECC approves proposal: 85,000 MT of wheat to be provided to TDPs

ECC approves proposal: 85,000 MT of wheat to be provided to TDPs

Finance Minister Ishaq Dar Saturday chaired the meeting of the Economic Coordination Committee of the Cabinet (ECC) at the Prime Minister''s Office. The ECC approved the proposal sent by the Ministry of States and Frontier Regions (SAFRON) for the provisi
Published 07 Jun, 2015 12:00am
ECC approves proposal: 85,000 MT of wheat to be provided to TDPs

ECC approves proposal: 85,000 MT of wheat to be provided to TDPs

Finance Minister Ishaq Dar Saturday chaired the meeting of the Economic Coordination Committee of the Cabinet (ECC) at the Prime Minister's Office. The ECC approved the proposal sent by the Ministry of States and Frontier Regions (SAFRON) for the provisio
Published 07 Jun, 2015 12:00am
ECC approves proposal: 85,000 MT of wheat to be provided to TDPs

ECC approves proposal: 85,000 MT of wheat to be provided to TDPs

Finance Minister Ishaq Dar Saturday chaired the meeting of the Economic Coordination Committee of the Cabinet (ECC) at the Prime Minister's Office. The ECC approved the proposal sent by the Ministry of States and Frontier Regions (SAFRON) for the provisio
Published 07 Jun, 2015 12:00am
Seven militants killed in drone attack

Seven militants killed in drone attack

A US drone attack on a militant compound in Shawal area on Saturday killed at least seven militants, security officials said. The drone strike took place in the Shawal area of lawless North Waziristan tribal district bordering Afghanistan. "At least seven
Published 07 Jun, 2015 12:00am
Seven militants killed in drone attack

Seven militants killed in drone attack

A US drone attack on a militant compound in Shawal area on Saturday killed at least seven militants, security officials said. The drone strike took place in the Shawal area of lawless North Waziristan tribal district bordering Afghanistan. "At least seven
Published 07 Jun, 2015 12:00am
HSD, POL products: RD replaced with customs duty: FBR

HSD, POL products: RD replaced with customs duty: FBR

Federal Board of Revenue (FBR) Chairman Tariq Bajwa said on Saturday that the government has not increased the rate of customs duty on the import of High Speed Diesel (HSD) and POL products such as crude oil and motor spirit, but regulatory duty has been
Published 07 Jun, 2015 12:00am
HSD, POL products: RD replaced with customs duty: FBR

HSD, POL products: RD replaced with customs duty: FBR

Federal Board of Revenue (FBR) Chairman Tariq Bajwa said on Saturday that the government has not increased the rate of customs duty on the import of High Speed Diesel (HSD) and POL products such as crude oil and motor spirit, but regulatory duty has been
Published 07 Jun, 2015 12:00am
HSD, POL products: RD replaced with customs duty: FBR

HSD, POL products: RD replaced with customs duty: FBR

Federal Board of Revenue (FBR) Chairman Tariq Bajwa said on Saturday that the government has not increased the rate of customs duty on the import of High Speed Diesel (HSD) and POL products such as crude oil and motor spirit, but regulatory duty has been
Published 07 Jun, 2015 12:00am
Dar irked by question over circular debt

Dar irked by question over circular debt

Finance Minister, Ishaq Dar on Saturday became visibly agitated by a question raised by Business Recorder. The question was: "Where was Rs 400 billion circular debt parked in budget documents and its absence may reflect a possible ghapla [manipulat
Published 07 Jun, 2015 12:00am
Dar irked by question over circular debt

Dar irked by question over circular debt

Finance Minister, Ishaq Dar on Saturday became visibly agitated by a question raised by Business Recorder. The question was: "Where was Rs 400 billion circular debt parked in budget documents and its absence may reflect a possible ghapla [manipulat
Published 07 Jun, 2015 12:00am
Dar irked by question over circular debt

Dar irked by question over circular debt

Finance Minister, Ishaq Dar on Saturday became visibly agitated by a question raised by Business Recorder. The question was: "Where was Rs 400 billion circular debt parked in budget documents and its absence may reflect a possible ghapla [manipulat
Published 07 Jun, 2015 12:00am
Zardari rejects budget

Zardari rejects budget

Former president Asif Ali Zardari has rejected the budget, claiming it is "anti poor, anti farmer and anti-civil servants" that fails to take even a small step in the direction of fair and equitable distribution of resources and opportunities.
Published 07 Jun, 2015 12:00am
Zardari rejects budget

Zardari rejects budget

Former president Asif Ali Zardari has rejected the budget, claiming it is "anti poor, anti farmer and anti-civil servants" that fails to take even a small step in the direction of fair and equitable distribution of resources and opportunities.
Published 07 Jun, 2015 12:00am
Zardari rejects budget

Zardari rejects budget

Former president Asif Ali Zardari has rejected the budget, claiming it is "anti poor, anti farmer and anti-civil servants" that fails to take even a small step in the direction of fair and equitable distribution of resources and opportunities.
Published 07 Jun, 2015 12:00am
Sit-ins held responsible for economic losses

Sit-ins held responsible for economic losses

The government has accused sit-in by Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) of causing a delay in offloading Oil and Gas Development Company''s (OGDCL) shares in international and domestic market. Pakistan Economic Survey 2014-15
Published 07 Jun, 2015 12:00am
Sit-ins held responsible for economic losses

Sit-ins held responsible for economic losses

The government has accused sit-in by Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) of causing a delay in offloading Oil and Gas Development Company's (OGDCL) shares in international and domestic market. Pakistan Economic Survey 2014-15 r
Published 07 Jun, 2015 12:00am
Sit-ins held responsible for economic losses

Sit-ins held responsible for economic losses

The government has accused sit-in by Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) of causing a delay in offloading Oil and Gas Development Company's (OGDCL) shares in international and domestic market. Pakistan Economic Survey 2014-15 r
Published 07 Jun, 2015 12:00am
Budget 2015-16: Dar optimistic about economic outcomes
Vegetable Oil

Budget 2015-16: Dar optimistic about economic outcomes

Finance Minister Ishaq Dar insisted on Saturday that budget presented by him for the next fiscal year was not anti-poor and stated that electricity tariff would not be increased despite a 50 percent cut in subsidies for power sector. Media persons pointed
Published 07 Jun, 2015 12:00am
Budget 2015-16: Dar optimistic about economic outcomes
Vegetable Oil

Budget 2015-16: Dar optimistic about economic outcomes

Finance Minister Ishaq Dar insisted on Saturday that budget presented by him for the next fiscal year was not anti-poor and stated that electricity tariff would not be increased despite a 50 percent cut in subsidies for power sector. Media persons pointed
Published 07 Jun, 2015 12:00am
Budget 2015-16: Dar optimistic about economic outcomes
Vegetable Oil

Budget 2015-16: Dar optimistic about economic outcomes

Finance Minister Ishaq Dar insisted on Saturday that budget presented by him for the next fiscal year was not anti-poor and stated that electricity tariff would not be increased despite a 50 percent cut in subsidies for power sector. Media persons pointed
Published 07 Jun, 2015 12:00am
Plight of Rohingya Muslims: Prime Minister forms Nisar-led body

Plight of Rohingya Muslims: Prime Minister forms Nisar-led body

In order to extend help to Rohingya Muslims, Prime Minister Nawaz Sharif on Saturday formed a cabinet committee, comprising Interior Minister Chaudhry Nisar, Adviser to PM on foreign affairs Sartaj Aziz and special assistant to PM Tariq Fatemi. According
Published 07 Jun, 2015 12:00am
Plight of Rohingya Muslims: Prime Minister forms Nisar-led body

Plight of Rohingya Muslims: Prime Minister forms Nisar-led body

In order to extend help to Rohingya Muslims, Prime Minister Nawaz Sharif on Saturday formed a cabinet committee, comprising Interior Minister Chaudhry Nisar, Adviser to PM on foreign affairs Sartaj Aziz and special assistant to PM Tariq Fatemi. According
Published 07 Jun, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (June 06, 2015) and the forecast for Sunday (June 07, 2015).
Published 07 Jun, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 06, 2015).
Published 07 Jun, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 06, 2015).
Published 07 Jun, 2015 12:00am
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