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CM Sindh asks KMC to bring 36 buses on road by Sept 2 KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has directed the management of KMC to bring the fleet of 36 buses on road by September 2.The Sindh CM has also asked the provincial Transport Department to complete all codal formalities of yellow line bus service by December 1, so that this project could be made functional by the end of 2015 under PPP mode of investment.He directed while presiding over a meeting regarding implementation of mass Transit Programme at CM House, said a statement on Friday.He also directed the management to expedite the working on intercity bus project to connect at least all the divisional head quarters to Karachi by plying 100 buses at initial stage of this project.The CM Sindh directed the planning and development department to get the PC-I of Green Bus Line completed and submitted to federal government within one month time, so that Transport facilities should ...

Navy inducts second batch of Alouette Helicopters into its air arm KARACHI: Pakistan Navy, in order to further enhance effectiveness of Naval Aviation, has inducted a second batch of Alouette Helicopters into its Fleet Air Arm in a ceremony held at Naval Aviation Base here on Friday. Chief of the Naval Staff Admiral Mohammad Asif Sandila was the chief guest on the occasion, an ISPR press release said here. Keeping in view that rotary wing assets have and continue to be a vital part of Search ...

Nigeria records two new cases of Ebola ABUJA: Nigeria said on Friday that two more people had tested positive for Ebola, taking the total number of confirmed cases of the deadly virus in the country to 14, including five deaths."Nigeria has now recorded the first two cases of Ebola Virus Disease in secondary contacts of the index case," Health Minister Onyebuchi Chukwu told a news conference in Abuja."The two patients are spouses of primary contacts of the Liberian American," the minister said, ...

Scottish independence would prompt 'capital flight': HSBC LONDON: The chairman of banking giant HSBC warned on Friday that uncertainty over the economic future of Scotland could lead to "capital flight" if it votes to leave the United Kingdom next month. Writing in British daily The Telegraph, HSBC head Douglas Flint said the currency union with England was an "anchor" for Scotland's stability and leaving it "would be complex and fraught with danger".Flint, himself a Scot, is the most high-profile business leader to ...

Airlines and Petrofac lead UK's FTSE lower LONDON: Britain's top equity index slipped back from three-week highs on Friday, with shares in airline companies hit by worries about disruption caused by possible volcanic activity in Iceland.Oil and gas services group Petrofac also underperformed, falling 1.4 percent after the company said its chairman had resigned. The blue-chip FTSE 100 index was down by 0.1 percent, or 8.29 points, at 6,769.37 points.The London stock market is closed for a public holiday on Monday. Airlines ...

Banks to return 1.36bn euros in crisis loans to ECB next week FRANKFURT: Banks will return 1.359 billion euros ($1.80 billion) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks' excess cash overnight and promised more long-term loans.The amount that banks will repay on Aug. 27 is less than this week's crisis-loan repayments of 2.861 billion euros and misses the 3.5 billion forecast in a Reuters poll.The ECB cut interest rates to record lows in June - ...


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