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Print - 2012-07-12
NAB to conduct six inquiries into 'corruption' cases

NAB to conduct six inquiries into 'corruption' cases

National Accountability Bureau's Executive Board, in its meeting held on Wednesday, decided to conduct six inquiries. First, against officials of a bank who allegedly caused a loss of Rs 2 billion to national exchequer.
Published 12 Jul, 2012 12:00am
SEC approves database plan to audit stock trades

SEC approves database plan to audit stock trades

A divided Securities and Exchange Commission on Wednesday adopted a rule designed to bolster its surveillance of the equities markets by establishing a central database that stores every trade order, execution and cancellation. The rule will bring the SEC
Published 12 Jul, 2012 12:00am
Portugal doctors strike over budget cuts

Portugal doctors strike over budget cuts

Hundreds of doctors in white smocks took to the streets of the Portuguese capital Wednesday, the first day of a two-day nationwide strike over sweeping austerity cuts to the health budget. The doctors, some also wearing black armbands to express mourning,
Published 12 Jul, 2012 12:00am
Germany pays record low rate to borrow for 10 years

Germany pays record low rate to borrow for 10 years

Germany paid a record low rate to borrow for 10 years, data showed on Wednesday, as investors flocked to park cash in the benchmark bonds of Europe's top economy amid new market tensions.
Published 12 Jul, 2012 12:00am
Eurozone could lose 4.5 million jobs

Eurozone could lose 4.5 million jobs

Some 4.5 million people in the eurozone could lose employment in the next four years unless the region starts focussing on creating jobs, the International Labour Organisation (ILO) said Wednesday in Geneva.
Published 12 Jul, 2012 12:00am
Opec sees 2013 oil demand growth slowing

Opec sees 2013 oil demand growth slowing

World oil demand growth will slow in 2013 from the already weak 2012, Opec said on Wednesday, citing Europe's debt worries, a faltering U.S economic recovery and deceleration of growth in emerging markets.
Published 12 Jul, 2012 12:00am
South Africa state workers declare wage dispute

South Africa state workers declare wage dispute

South African public service unions declared a formal dispute with the government on Wednesday, raising the prospect of major industrial action in Africa's biggest economy after months of wage negotiations.
Published 12 Jul, 2012 12:00am
Iran keeps oil flowing to China despite freight dispute

Iran keeps oil flowing to China despite freight dispute

Iran is shipping oil to its top buyer China despite a dispute over freight terms and has so far dispatched a third of the 12 million barrels due to load in the first 20 days of July, traders and shipping sources said.
Published 12 Jul, 2012 12:00am
Euro still a solid reserve currency: ECB

Euro still a solid reserve currency: ECB

The euro is still a solid international reserve currency despite the dogged eurozone debt crisis, the European Central Bank said Wednesday. ECB president Mario Draghi said that Europe's single currency "was relatively resilient in 2011," in his introducti
Published 12 Jul, 2012 12:00am
SEC requires uniform system for US stock exchanges

SEC requires uniform system for US stock exchanges

US stock exchanges must establish a uniform system for tracking all orders and trades under a rule approved Wednesday. The Securities and Exchange Commission said the requirement is intended to make it easier for the government to investigate market disru
Published 12 Jul, 2012 12:00am
SEC requires uniform system for US stock exchanges

SEC requires uniform system for US stock exchanges

US stock exchanges must establish a uniform system for tracking all orders and trades under a rule approved Wednesday. The Securities and Exchange Commission said the requirement is intended to make it easier for the government to investigate market disru
Published 12 Jul, 2012 12:00am
China's slowdown hits Burberry sales

China's slowdown hits Burberry sales

Britain's Burberry provided more evidence of China's economic slowdown on Wednesday when the luxury goods company reported a decline in first quarter sales growth. But Burberry said its growth opportunity in China remained huge, even though first quarter
Published 12 Jul, 2012 12:00am
US Navy unveils new shore energy policy

US Navy unveils new shore energy policy

The US Navy unveiled a major update of its energy policies ashore on Tuesday, calling for improved efficiency, greater conservation and increased use of renewable power to cut energy consumption in half at bases worldwide by the end of the decade.
Published 12 Jul, 2012 12:00am
Japan's regulators order $2.4 million Olympus fine

Japan's regulators order $2.4 million Olympus fine

Japan's financial watchdog said Wednesday that it had slapped a $2.4 million penalty on disgraced camera and medical equipment maker Olympus over a huge loss cover-up scandal. The scheme saw Olympus executives hide about $1.7 billion in losses dating back
Published 12 Jul, 2012 12:00am
US regulators sue PFG for fraud

US regulators sue PFG for fraud

Eight months after the shock bankruptcy of MFGlobal, another respected futures brokerage, PFG, is being sued for fraud by US regulators in the latest black eye to confidence in futures trading. In a complaint filed Tuesday in an Illinois federal court, th
Published 12 Jul, 2012 12:00am
US trade deficit narrows on exports, cheaper oil

US trade deficit narrows on exports, cheaper oil

The US trade deficit narrowed slightly in May as a rise in exports, including those bound for Europe and China, eased the pain of a slowdown in the broader economy, a government report showed on Wednesday. The gap shrank 3.8 percent to $48.7 billion, the
Published 12 Jul, 2012 12:00am
Egypt's index advances, shrugging off parliament tussle

Egypt's index advances, shrugging off parliament tussle

Egypt's benchmark index advances 1.8 percent on Wednesday as investors shrug off a challenge to the military by the Islamist-led parliament, which reconvened on Tuesday despite the generals having dissolved it last month.
Published 12 Jul, 2012 12:00am
Indian shares fall

Indian shares fall

Indian shares fell on Wednesday, a session after closing at their highest since mid-March, as select blue chips such as cigarette maker ITC were hit by profit-taking. Investors will shift their focus to corporate earnings, as software services exporters I
Published 12 Jul, 2012 12:00am
Nikkei slips to two-week low

Nikkei slips to two-week low

Japan's Nikkei share average eased to a two-week low on Wednesday, crucially holding just above its 25-day moving average, with profit warnings from US firms viewed as a bad omen ahead of Japan's upcoming earning season.
Published 12 Jul, 2012 12:00am
More profit warnings hit Wall Street

More profit warnings hit Wall Street

US stocks fell for a fourth day on Tuesday as more pessimism from US companies compounded worries the sluggish world economy is taking a toll on US profit growth. A sales warning from engine maker Cummins Inc came on top of earlier weak forecasts from chi
Published 12 Jul, 2012 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks ended flat on Wednesday, beating some regional bourses, with gains in banks offset by TSMC and other chip makers after top chip gear maker Applied Materials slashed its full year targets. The main TAIEX index edged up 6.56 points at 7,257.91
Published 12 Jul, 2012 12:00am
Most Southeast Asian stocks up

Most Southeast Asian stocks up

Most Southeast Asian stock indexes on Wednesday gained for the second straight day, powered by telecoms stocks, but market turnover was relatively sluggish as doubts remained over the euro zone's ability to tackle its debt crisis.
Published 12 Jul, 2012 12:00am
Treasuries remain up

Treasuries remain up

US government debt prices edged up on Tuesday as safe-haven bids on nagging concerns about Europe's fiscal woes and the struggling US economy offset new debt sales by the Treasury. The Treasury sold $32 billion in new three-year notes on Tuesday at a high
Published 12 Jul, 2012 12:00am
Treasuries remain up

Treasuries remain up

US government debt prices edged up on Tuesday as safe-haven bids on nagging concerns about Europe's fiscal woes and the struggling US economy offset new debt sales by the Treasury. The Treasury sold $32 billion in new three-year notes on Tuesday at a high
Published 12 Jul, 2012 12:00am
Hong Kong and China shares gain

Hong Kong and China shares gain

Hong Kong shares ended in positive territory for the first time in four days on Wednesday, as strength in local property developers helped counter weakness in Chinese banks after a mainland news report fanned worries over banks' exposure to bad loans.
Published 12 Jul, 2012 12:00am
European shares hurt by earnings; charts support

European shares hurt by earnings; charts support

European equities steadied on Wednesday, with a weak start to the second quarter reporting season from the autos and luxury sectors denting sentiment, but technical support levels put a lid on losses in thin and jittery summer holiday trading.
Published 12 Jul, 2012 12:00am
Australian shares flat

Australian shares flat

Australian shares ended flat on Wednesday in thin volume, with investors largely sidelined after sluggish economic data from the United States and China offset the positive impact from improved domestic consumer sentiment.
Published 12 Jul, 2012 12:00am
Seoul shares down

Seoul shares down

South Korean shares extended a losing streak into a fourth day on Wednesday, with Samsung Electronics, the world's largest memory chip maker, and SK Hynix, the second largest, catching a chill from US rivals' weak forecasts.
Published 12 Jul, 2012 12:00am
FTSE flat as investors weigh growth, earnings concerns

FTSE flat as investors weigh growth, earnings concerns

Britain's top share index ended flat in low volume on Wednesday, with investors uncertain about the future path for equities due to concerns over global growth and corporate earnings. The FTSE 100 was up 0.41 points, or 0.01 percent, at 5,664.48, having s
Published 12 Jul, 2012 12:00am
Eight burnt alive, 28 injured in road accident

Eight burnt alive, 28 injured in road accident

At least eight pilgrims were burnt alive while 28 others were injured in a coach and car collision near Rasool Abad on National Highway here on Tuesday night. The coach carrying pilgrims from Sehwsan Sharif to Sadiqabad collided head-on with a car coming
Published 12 Jul, 2012 12:00am
Power shortfall crosses 4000MW mark

Power shortfall crosses 4000MW mark

Power shortfall has crossed 4000MW against 3000MW a day earlier amidst highly humid weather due to rains in upper Punjab, leaving the consumers into a terrible state of affairs altogether. According to the Energy Management Cell, demand for power remained
Published 12 Jul, 2012 12:00am
Sindh Finance department notification

Sindh Finance department notification

Sindh Finance department on Wednesday issued instruction of grant of ad hoc Relief Allowance-2012 @ 20 percent of basic pay and revision in the rate of Conveyance Allowances to all civil employees of the provincial government including contingent paid sta
Published 12 Jul, 2012 12:00am
'Diverted, delayed flights beyond PIA's control'

'Diverted, delayed flights beyond PIA's control'

Due to rains and inclement weather at Islamabad, PIA flights were either diverted or delayed which is beyond the control of the airline, PIA spokesman said here on Wednesday. Besides, PIA flights from Karachi and Islamabad were affected due to closure of
Published 12 Jul, 2012 12:00am
Aisha Steel Mills Shares' sale offer oversubscribed

Aisha Steel Mills Shares' sale offer oversubscribed

The offer for sale of shares of Aisha Steel Mills Limited has been oversubscribed by 2.7 times. According to the data of the Share Registrar, Central Depository Company (CDC), total 1,633 applications total amounting Rs 270.290 million has been received.
Published 12 Jul, 2012 12:00am
Aisha Steel Mills Shares' sale offer oversubscribed

Aisha Steel Mills Shares' sale offer oversubscribed

The offer for sale of shares of Aisha Steel Mills Limited has been oversubscribed by 2.7 times. According to the data of the Share Registrar, Central Depository Company (CDC), total 1,633 applications total amounting Rs 270.290 million has been received.
Published 12 Jul, 2012 12:00am
Power shortfall crosses 4000MW mark

Power shortfall crosses 4000MW mark

Power shortfall has crossed 4000MW against 3000MW a day earlier amidst highly humid weather due to rains in upper Punjab, leaving the consumers into a terrible state of affairs altogether. According to the Energy Management Cell, demand for power remained
Published 12 Jul, 2012 12:00am
Solid-waste management: KMC signs MoU with British firm

Solid-waste management: KMC signs MoU with British firm

Karachi Metropolitan Corporation (KMC) has singed another Memorandum of Understanding (MoU) with a foreign firm on Wednesday to bring in foreign investment in the much awaited projects like solid waste management.
Published 12 Jul, 2012 12:00am
Constable among four killed in Karachi

Constable among four killed in Karachi

At least four persons including a police constable were killed in separate incidents of violence in different areas of the metropolis here on Wednesday. According to police and rescue sources, a cop was shot dead at Gharibabad Goth, Malir in the limits of
Published 12 Jul, 2012 12:00am
Dawlance achieves impressive sales growth

Dawlance achieves impressive sales growth

Maintaining highest quality standards in all product categories has led Dawlance into achieving impressive sales growth across the entire product portfolio during the last fiscal year 2011-2012. During the fiscal year, Dawlance achieved phenomenal growth
Published 12 Jul, 2012 12:00am
Dawlance achieves impressive sales growth

Dawlance achieves impressive sales growth

Maintaining highest quality standards in all product categories has led Dawlance into achieving impressive sales growth across the entire product portfolio during the last fiscal year 2011-2012. During the fiscal year, Dawlance achieved phenomenal growth
Published 12 Jul, 2012 12:00am
Eight burnt alive, 28 injured in road accident

Eight burnt alive, 28 injured in road accident

At least eight pilgrims were burnt alive while 28 others were injured in a coach and car collision near Rasool Abad on National Highway here on Tuesday night.
Published 12 Jul, 2012 12:00am
KSE approves Akzo Nobel Pakistan Limited's application

KSE approves Akzo Nobel Pakistan Limited's application

The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of shares of Akzo Nobel Pakistan Limited on completion of all formalities requirements under the Listing Regulations of the Exchange.
Published 12 Jul, 2012 12:00am
'Sindh Revenue Board (Reward) Rules 2012' notified

'Sindh Revenue Board (Reward) Rules 2012' notified

Sindh Revenue Board (SRB) has notified "Sindh Revenue Board (Reward) Rules 2012' regarding rewarding the informers of tax-evaders and the procedure of sharing the information in this regard.
Published 12 Jul, 2012 12:00am
Yuan ends slightly lower

Yuan ends slightly lower

The yuan closed slightly lower against the dollar on Wednesday as investors closely watched the dollar's performance for clues on the Chinese currency's next moves, traders said. The People's Bank of China (PBOC) set a midpoint that was almost unchanged,
Published 12 Jul, 2012 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro steadied in Asian trade on Wednesday but hovered near two-year lows against the dollar as investors fretted about the outcome of a German court hearing on the euro zone bailout fund, the latest obstacle to efforts to beat the region's debt crisis
Published 12 Jul, 2012 12:00am
Dollar falls in London

Dollar falls in London

The dollar lost ground on Wednesday as the release of minutes from the US Federal Reserve's June meeting neared, with market players wary of hints of another round of asset buying in the coming months. The euro stayed weak on unease over how policymakers
Published 12 Jul, 2012 12:00am
Euro plunges to two-year low in New York

Euro plunges to two-year low in New York

The euro plunged to a two-year low against the dollar on Tuesday and further declines were likely as euro zone ministers failed to calm fears about the debt crisis and investors awaited a German court verdict on the region's bailout fund.
Published 12 Jul, 2012 12:00am
Aussie and New Zealand $ hold firm

Aussie and New Zealand $ hold firm

The Australian dollar held near lifetime highs against the euro on Wednesday, which stayed under mild pressure partly on worries a German court challenge to the euro zone bailout fund might delay aid to indebted countries.
Published 12 Jul, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Wednesday, tracking weaker global risk assets such as the euro, though large dollar sales by custodian banks helped support the domestic currency. The partially convertible rupee closed at 55.62/63 as per the SBI closing rate, dow
Published 12 Jul, 2012 12:00am
Singapore $ at 14-year high versus ringgit

Singapore $ at 14-year high versus ringgit

The Singapore dollar hit a 14-year high against the ringgit on Wednesday as offshore funds continued to seek relatively safer assets and on views that Malaysia may allow a weaker currency to spur growth amid global economic slowdown.
Published 12 Jul, 2012 12:00am
Sterling stays at 3-1/2 years high

Sterling stays at 3-1/2 years high

Sterling hit a fresh 3-1/2 peak against the euro on Wednesday as investors, concerned about the lack of progress on efforts to solve the euro zone debt crisis, continued to seek the safety of UK assets.
Published 12 Jul, 2012 12:00am
22 killed in Yemen suicide attack

22 killed in Yemen suicide attack

A suicide bomber killed at least 22 people outside a police academy in the Yemeni capital Sanaa on Wednesday, dramatically exposing the government's vulnerability to al Qaeda-linked insurgents despite a US-backed offensive against them.
Published 12 Jul, 2012 12:00am
54 migrants die of thirst

54 migrants die of thirst

Fifty-four migrants trying to reach Italy died of thirst when their inflatable boat ruptured in the Mediterranean, according to testimony from the sole survivor, the UN refugee agency said. The rescued man, who drank sea water to survive, was spotted clin
Published 12 Jul, 2012 12:00am
Egypt's president seeks talks over parliament crisis

Egypt's president seeks talks over parliament crisis

Egypt's Islamist president said on Wednesday he wanted talks with the judiciary and political powers to defuse a crisis over him trying reinstate parliament in defiance of generals who dissolved it last month based on a court ruling.
Published 12 Jul, 2012 12:00am
Raul Castro taps old friend Russia for help

Raul Castro taps old friend Russia for help

Cuban leader Raul Castro sought on Wednesday to revive an historic but flagging friendship with Russia as he met Vladimir Putin for talks on economic relief for his sanctions-plagued communist state. The Cuban leader's second visit to Russia since his 200
Published 12 Jul, 2012 12:00am
Assad loses envoy in first diplomatic defection

Assad loses envoy in first diplomatic defection

Syria's ambassador to Iraq defected on Wednesday in protest at the military crackdown by President Bashar al-Assad's forces against a 16-month uprising, Syrian opposition sources said. Nawaf al-Fares, who has close ties to Syrian security, would be the fi
Published 12 Jul, 2012 12:00am
Afghan women protest for rights after public execution

Afghan women protest for rights after public execution

Over 100 women and a handful of men took to the streets of the Afghan capital on Wednesday to call on the government to do more to protect women's rights after the public execution of a young woman sparked an international outcry.
Published 12 Jul, 2012 12:00am
Clinton on landmark visit to Laos

Clinton on landmark visit to Laos

Hillary Clinton Wednesday became the first US secretary of state to visit Laos for 57 years, on a trip focused on the damaging legacy of the Vietnam War and a controversial dam project. At Vientiane's flag-bedecked Wattay International airport, Clinton wa
Published 12 Jul, 2012 12:00am
Obama eases US sanctions on Myanmar

Obama eases US sanctions on Myanmar

President Barack Obama on Wednesday eased sanctions against Myanmar to allow US companies to invest there, calling it a "strong signal" of support for political reform taking root in the south-east Asian country.
Published 12 Jul, 2012 12:00am
Saudi religious police blamed for deadly car crash

Saudi religious police blamed for deadly car crash

Saudi police and members of the feared religious police are responsible for the death of a man and the injury of his pregnant wife and two children in a car chase, said an inquiry published on Wednesday.
Published 12 Jul, 2012 12:00am
Asean sharply split on South China Sea row

Asean sharply split on South China Sea row

Southeast Asian states were sharply divided Wednesday over how to deal with recent disputes with Beijing as they attempted to agree a draft code of conduct for the flashpoint South China Sea.
Published 12 Jul, 2012 12:00am
US envoy Burns meets Abbas

US envoy Burns meets Abbas

Palestinian president Mahmud Abbas met on Wednesday with US Deputy Secretary of State William Burns to discuss the stalled peace process, the official WAFA news agency said.
Published 12 Jul, 2012 12:00am
Summer Trade Fair-II: women shoppers flock to WBDC

Summer Trade Fair-II: women shoppers flock to WBDC

Crowds continued to pour on the second day of the Women Business Development Centre (WBDC) "Summer Trade Fair-II" as visitors flocked the venue, said enthusiastic notes by women entrepreneurs, whose put their innovative artwork on display at three-day bus
Published 12 Jul, 2012 12:00am
Ustad Salamat Ali remembered

Ustad Salamat Ali remembered

One of great maestros in classical music, Ustad Salamat Ali Khan being remembered on his death anniversary on Wednesday (11th). Ustad Salamat Ali Khan was born in 1934 in the Hoshiarpur district of Punjab. Khan was initiated into classical music together
Published 12 Jul, 2012 12:00am
Ministry fails to conduct research on shale gas prospects

Ministry fails to conduct research on shale gas prospects

The Ministry of Petroleum and Natural Resources has failed to initiate any research on exploring shale gas reservoirs in the country, which according to rough estimates stand at 51 trillion cubic feet per day (TCF).
Published 12 Jul, 2012 12:00am
Depositing utility bills: Postal Services seeks 1.5 percent commission

Depositing utility bills: Postal Services seeks 1.5 percent commission

The Ministry of Postal Services has moved a summary to Prime Minister for preferential treatment by granting permission to charge 1.5 percent commission on depositing utility bills in order to recover its losses which reached to two billion rupees.
Published 12 Jul, 2012 12:00am
JI to stage sit-in against resumption of Nato supplies

JI to stage sit-in against resumption of Nato supplies

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa has announced to stage a sit-in against the reopening of Nato supply route here in Hayatabad on July 16 and will also stage a protest march on July 17. The march led by JI Chief Syed Manawar Hassan will be started f
Published 12 Jul, 2012 12:00am
PPMA supports establishment of proposed DRAP

PPMA supports establishment of proposed DRAP

Pakistan Pharmaceutical Manufacturers Association (PPMA) on Wednesday expressed complete support to the government's initiative for establishing Drug Regulatory Agency Pakistan (DRAP). PPMA Chairman Muhammad Asad said that establishment of DRAP would help
Published 12 Jul, 2012 12:00am
Supreme Court not a 'court of contempt': Babar

Supreme Court not a 'court of contempt': Babar

Former Law Minister Babar Awan told Supreme Court on Wednesday that there existed general impression that the apex court was giving higher priority to contempt cases. "Pakistan's apex court is not a court of contempt; it is a court of constitution," Babar
Published 12 Jul, 2012 12:00am
Another scam by used car importers

Another scam by used car importers

The used car import facility under various schemes for Pakistanis living abroad has been misused by used car traders. Although this scheme is for overseas Pakistanis, however, the used car traders purchase the documents against a meager amount from overse
Published 12 Jul, 2012 12:00am
UET organises free coaching classes

UET organises free coaching classes

The University of Engineering & Technology (UET), Peshawar in collaboration with Institute of Electrical and Electronics Engineers (IEEE) Foundation organised free coaching classes for the preparation of entry test for admission to Engineering universitie
Published 12 Jul, 2012 12:00am
WFP donating equipment to Passco

WFP donating equipment to Passco

The United Nations World Food Programme (WFP) Pakistan is donating 500 Gunjis and 10 wheat cleaning machines to the Pakistan Agricultural Storage & Services Corporation (Passco) as part of its commitment to build capacity of the national institution for b
Published 12 Jul, 2012 12:00am
'Resolution of energy crises government's top priority'

'Resolution of energy crises government's top priority'

Leader of Businessmen Forum, Senator Ilyas Ahmad Bilour has said that that the resolution of growing energy problem is government's top priority.. Addressing annual meeting of Pakistan Flour Mills Association (PFMA) held in connections with schedule for a
Published 12 Jul, 2012 12:00am
Munter's statement: MQM leader seeks explanation from Nawaz and Imran

Munter's statement: MQM leader seeks explanation from Nawaz and Imran

Commenting on the recent interview by the US ambassador Cameron Munter in which he had said that both Nawaz Sharif and Imran Khan had assured that they supported the United States, member of the Co-ordination Committee of the MQM Muhammad Ashfaq has urged
Published 12 Jul, 2012 12:00am
Chairman Wapda visits Darawat Dam Project

Chairman Wapda visits Darawat Dam Project

Chairman Wapda Shakil Durrani has said that Wapda is constructing small and medium-sized dams for optimum utilisation of water and land resources available in the country in addition to constructing a number of mega projects in water and hydropower sector
Published 12 Jul, 2012 12:00am
LCCI for well-consulted strategy to control trade deficit

LCCI for well-consulted strategy to control trade deficit

While accounting under-invoicing for huge trade deficit, the Lahore Chamber of Commerce and Industry calls for preparation and implementation of a well-consulted strategy to effectively control the fast widening trade deficit to strengthen country's macro
Published 12 Jul, 2012 12:00am
PSM losses reach Rs 21 billion, Senate told

PSM losses reach Rs 21 billion, Senate told

The Senate was informed on Wednesday that losses of Pakistan Steel Mills (PSM) are increasing with each passing day and reached Rs 21 billion in the recently concluded financial year.
Published 12 Jul, 2012 12:00am
MCX-SX gets approval from SEBI

MCX-SX gets approval from SEBI

South Asian Federation of Exchanges (Safe) has announced that its member exchange, MCX Stock Exchange (MCX-SX) has received approval from Securities and Exchange Board of India (SEBI) for commencing operations in new asset classes.
Published 12 Jul, 2012 12:00am
MCX-SX gets approval from SEBI

MCX-SX gets approval from SEBI

South Asian Federation of Exchanges (Safe) has announced that its member exchange, MCX Stock Exchange (MCX-SX) has received approval from Securities and Exchange Board of India (SEBI) for commencing operations in new asset classes.
Published 12 Jul, 2012 12:00am
Pakistan committed to eradicate terrorism: Prime Minister

Pakistan committed to eradicate terrorism: Prime Minister

Prime Minister Raja Pervez Ashraf has said that Pakistan is committed to eradicate terrorism with the co-operation of international community. He was talking to US Ambassador Cameron Munter, who paid a farewell call on to him in Islamabad on Wednesday.
Published 12 Jul, 2012 12:00am
SECP registers 3,923 companies in 2011-12

SECP registers 3,923 companies in 2011-12

During the financial year 2011-12, the SECP registered 3,923 companies as compared to 3,400 companies registered during last financial year, showing a 15 percent increase.
Published 12 Jul, 2012 12:00am
FROM A RINGSIDE SEAT: contempt law or a license to ridicule courts?

FROM A RINGSIDE SEAT: contempt law or a license to ridicule courts?

The mission is accomplished. They are off the hook now, made themselves superior to all poor citizens. The interpreters of the constitution can no more question them [ruling elite] for any wrongdoing. They can openly criticise the apex court without any f
Published 12 Jul, 2012 12:00am
$1.3 billion disbursed to Pakistan in 2011-12: EAD

$1.3 billion disbursed to Pakistan in 2011-12: EAD

Rupees 114 billion ($1.3 billion) were disbursed to Pakistan in 2011-12 according to the Economic Affairs Division data, however, budget documents reveal Rs 226.1 billion ($2.6 billion) as revised foreign inflows for the year. The rupee-dollar parity tak
Published 12 Jul, 2012 12:00am
Faisalabad to have three more water supply sources

Faisalabad to have three more water supply sources

The Wasa is adding three more water supply sources for augmentation of potable drinking water to Faisalabad citizens from present 85 million gallons daily to 115 million gallons per day, said Syed Zahid Aziz, Wasa Managing Director, while talking to this
Published 12 Jul, 2012 12:00am
Wet spell likely to increase in upper parts of country

Wet spell likely to increase in upper parts of country

Meteorological department has said that wet spell is likely to increase in the upper parts of the country during next 24 hours. All rivers are flowing normally at this stage of the monsoon season.
Published 12 Jul, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (July 11, 2012) and the forecast for Thursday (July 12, 2012).

Published 12 Jul, 2012 12:00am
APTMA presents way forward of textile industry to Prime Minister

APTMA presents way forward of textile industry to Prime Minister

A 16-member delegation of All Pakistan Textile Mills Association (APTMA) called on Prime Minister Raja Pervez Ashraf on Wednesday to present him way forward of textile industry in order to strengthen exports and employment in the country.
Published 12 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 11, 2012).

Published 12 Jul, 2012 12:00am
Wapda workers protest load shedding, price hike

Wapda workers protest load shedding, price hike

Hundreds of Water and Power Development Authority (Wapda) workers took out a procession here on Wednesday to protest against the ongoing load shedding and price hike of essential commodities. The procession led by Secretary General of Pakistan WAPDA Hydro
Published 12 Jul, 2012 12:00am
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