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May 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-06-25
Nadal in 700 club and into Wimbledon Rosol rematch

Nadal in 700 club and into Wimbledon Rosol rematch

World number one Rafael Nadal buried the first round misery of his 2013 Wimbledon on Tuesday to set up a rematch with Lukas Rosol, the Czech who condemned him to a humiliating second round exit in 2012. Second seed Nadal, fresh from his ninth French Open
Published 25 Jun, 2014 12:00am
Mexico down Croatia to set up Dutch date

Mexico down Croatia to set up Dutch date

Mexico will meet the Netherlands in the last 16 of the World Cup after veteran captain Rafael Marquez helped steer them to Monday's 3-1 win and eliminate ten-man Croatia. Mexico needed just to avoid defeat in Recife to take their place in the knockout pha
Published 25 Jun, 2014 12:00am
Villa's tearful end to Spain career

Villa's tearful end to Spain career

David Villa extended his record goalscoring run at the World Cup on Monday and broke down in tears as he left the field as a Spain player for the final time. Despite crashing out of the tournament, the world and European champions ended their World Cup ca
Published 25 Jun, 2014 12:00am
Neymar inspires Brazil, Dutch storm on at World Cup

Neymar inspires Brazil, Dutch storm on at World Cup

Brazil's poster-boy striker Neymar fulfilled a nation's expectations to score twice in a 4-1 destruction of Cameroon on Monday while the Netherlands again showed their potential to win the World Cup with a third straight win. The 22-year-old Neymar, his t
Published 25 Jun, 2014 12:00am
Dhoni summoned over Hindu god case

Dhoni summoned over Hindu god case

Indian cricket captain M. S. Dhoni was ordered Tuesday to appear in court over a magazine front cover that allegedly hurt religious sentiments by depicting him as a Hindu god, a report said. A court in the south-eastern state of Andhra Pradesh summoned hi
Published 25 Jun, 2014 12:00am
Woman boss walks away from Clermont job

Woman boss walks away from Clermont job

Portugal's Helena Costa said on Tuesday she had decided against taking up the coaching position at French side Clermont for "purely personal" reasons. The 36-year-old Costa made global headlines as the first woman to take charge of a men's professional te
Published 25 Jun, 2014 12:00am
Sri Lanka win England series thriller

Sri Lanka win England series thriller

Sri Lanka beat England by 100 runs, with just one ball to spare, to win the second Test at Headingley on Tuesday and so take the two-match series 1-0. There were more than 20 overs remaining when last man James Anderson came into bat. But he survived for
Published 25 Jun, 2014 12:00am
Three Pakistani mountaineers climb reach K2 Camp-1

Three Pakistani mountaineers climb reach K2 Camp-1

Three climbers of the Pakistan K2 Expedition successfully reached the K2 mountain Camp-1 at 6,100 meters on Tuesday despite heavy snowfall on Monday night, said Munir Ahmed, the spokesperson of the Expedition and the Communication Consultant with the Ev-K
Published 25 Jun, 2014 12:00am
EU sets Albania on road to membership

EU sets Albania on road to membership

The European Union set Albania on the road to membership on Tuesday, granting the small Balkan state the status of candidate to join in recognition of recent reforms, while warning the government that progress was conditional on further efforts. Years of
Published 25 Jun, 2014 12:00am
Le Pen feud deepens as National Front has EU setback

Le Pen feud deepens as National Front has EU setback

Marine Le Pen's far-right National Front admitted defeat on Tuesday after failing to win wide enough support to form a political group in European Parliament, dousing her ambition to lead an alliance of nationalists against Brussels. Concurrently, a damag
Published 25 Jun, 2014 12:00am
Preparing Egyptians for austerity, Sisi cuts own pay

Preparing Egyptians for austerity, Sisi cuts own pay

Egypt's new president pledged on Tuesday to give up half his salary and property and called on the Egyptian people to make similar sacrifices, in a bid to prepare the public for a period of painful economic austerity. In an impromptu speech at a military
Published 25 Jun, 2014 12:00am
Morocco women protest PM's stay at home speech

Morocco women protest PM's stay at home speech

Moroccan women protested outside parliament on Tuesday demanding the resignation of Islamist premier Abdelilah Benkirane after he urged women to stay at home and look after their families. "Benkirane get out! Morocco is not for you!" were some of the slog
Published 25 Jun, 2014 12:00am
Turkey evacuates hundreds of citizens from Libya

Turkey evacuates hundreds of citizens from Libya

Turkey has been evacuating hundreds of citizens from Libya after a threat from a renegade general fighting Islamists in the east, Ankara's embassy and airport officials said on Tuesday. On Sunday, retired general Khalifa Haftar called on Turks and Qataris
Published 25 Jun, 2014 12:00am
Iran seeks to resolve HSBC freeze on some trade financing

Iran seeks to resolve HSBC freeze on some trade financing

Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters. Banks such as HSBC are re
Published 25 Jun, 2014 12:00am
Iran seeks to resolve HSBC freeze on some trade financing

Iran seeks to resolve HSBC freeze on some trade financing

Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters. Banks such as HSBC are re
Published 25 Jun, 2014 12:00am
Cameroon troops kill 8 suspected Boko Haram gunmen

Cameroon troops kill 8 suspected Boko Haram gunmen

Cameroonian security forces killed eight gunmen believed to be members of Boko Haram, the Islamist group sowing terror in neighbouring Nigeria, a paramilitary officer said Tuesday. The far north of Cameroon has become a hotbed of Boko Haram activity, with
Published 25 Jun, 2014 12:00am
Japan, Philippines say rule of law should settle disputes

Japan, Philippines say rule of law should settle disputes

Japan and the Philippines on Tuesday jointly stressed the need to use "the rule of law" to solve regional disputes, at a time when both countries are embroiled in separate rows with China. The comments, which came during a one-day trip to Tokyo by Philipp
Published 25 Jun, 2014 12:00am
Brooks cleared in case that shook British establishment

Brooks cleared in case that shook British establishment

Rebekah Brooks, the former boss of Rupert Murdoch's British newspaper arm, was acquitted on Tuesday of orchestrating a campaign to hack into phones and bribe officials in a case that has shaken the British political establishment. A jury at London's Old B
Published 25 Jun, 2014 12:00am
Pilot 'mismanagement' blamed in Asiana crash

Pilot 'mismanagement' blamed in Asiana crash

The US National Transportation Safety Board (NTSB) on Tuesday cited "mismanagement" in the cockpit as the probable cause of last July's crash of Asiana Flight 214 in San Francisco. At a hearing in Washington, the federal agency cited a number of underlyin
Published 25 Jun, 2014 12:00am
Boko Haram abducts 60 women, girls in north-east Nigeria

Boko Haram abducts 60 women, girls in north-east Nigeria

Suspected Boko Haram militants have abducted more than 60 women and girls, some as young as three, in the latest kidnappings in northeast Nigeria and over two months since more than 200 schoolgirls were seized. Analysts said the kidnapping, which happened
Published 25 Jun, 2014 12:00am
Ghana traders strike over falling currency

Ghana traders strike over falling currency

Small businesses kept their doors shut in marketplaces in Ghana's two largest cities on Tuesday as a major traders' union launched a four-day strike to protest against the rising cost of trade. President of the Ghana Union of Traders Association George Of
Published 25 Jun, 2014 12:00am
France adopts rail reform despite strike

France adopts rail reform despite strike

French lawmakers on Tuesday adopted a contentious railway sector reform that was opposed by striking workers who last week crippled the country's rail network. The lower house National Assembly voted 355 to 168 to support the reform that will bring togeth
Published 25 Jun, 2014 12:00am
Mexico captures leader of Tijuana cartel

Mexico captures leader of Tijuana cartel

Mexican troops have arrested the head of the Tijuana drug cartel, who for years had eluded capture by US and Mexican justice, officials said Tuesday. Fernando Sanchez Arellano, 37, also known as "El Ingeniero" (The Engineer) was arrested in a military rai
Published 25 Jun, 2014 12:00am
After Romanian president's brother, son-in-law accused of fraud

After Romanian president's brother, son-in-law accused of fraud

A son-in-law of Romanian President Traian Basescu is facing fraud charges, prosecutors said Tuesday, days after his brother was arrested for accepting bribes from a mobster. The twin cases are a major embarrassment for Basescu, who has made fighting corru
Published 25 Jun, 2014 12:00am
Argentina minister New York-bound to talk about debt at UN

Argentina minister New York-bound to talk about debt at UN

Argentina's Economy Minister Axel Kicillof will soon head to New York to discuss his country's debt situation with representatives of the Group of 77 developing nations plus China, the government said Tuesday. His trip comes after a US federal judge appoi
Published 25 Jun, 2014 12:00am
Putin renounces right to send troops to Ukraine

Putin renounces right to send troops to Ukraine

President Vladimir Putin asked Russia's upper house on Tuesday to revoke the right it had granted him to order a military intervention in Ukraine in defence of Russian-speakers there. Minutes before he spoke, Kiev said pro-Russian rebels in east Ukraine h
Published 25 Jun, 2014 12:00am
Cotton futures plunge as traders liquidate, July delivery jolts

Cotton futures plunge as traders liquidate, July delivery jolts

Spot cotton futures dove on Tuesday to their lowest since December 2013 as traders dumped long positions as the July contract entered its delivery period and unwilling buyers clung to the sidelines. The front-month July contract on ICE Futures US dropped
Published 25 Jun, 2014 12:00am
Shanghai copper up

Shanghai copper up

The most-traded August copper contract on the Shanghai Futures Exchange was last up 0.2 percent at 49,400 yuan ($8,000) a tonne on Tuesday, having hit a fresh four-month peak of 49,690 in overnight trade. Still, tight supply and decent consumption from to
Published 25 Jun, 2014 12:00am
Lead hits five-month peak, tracks zinc rally

Lead hits five-month peak, tracks zinc rally

Lead prices hit a five-month high on Tuesday, benefiting from a rally in zinc as investors bet that shortages in the two metals would build up and deficits become deeper. Three-month lead on the London Metal Exchange rose to a session high of $2,192 a ton
Published 25 Jun, 2014 12:00am
Brent rises above $114 on Iraq and supply concerns

Brent rises above $114 on Iraq and supply concerns

Brent crude held above $114 a barrel on Tuesday, supported by continued fighting in Iraq, supply disruptions in Libya and expectations of a decline in US crude inventories, while US crude prices dipped slightly. Brent prices resumed their upward trend aft
Published 25 Jun, 2014 12:00am
Rubber dips

Rubber dips

Benchmark Tokyo rubber futures snapped a five-session rally to head lower on Tuesday, pulling back from a more than two-month high in the previous day, as profit-taking and a decline in crude oil market pressured prices. The benchmark rubber contract on t
Published 25 Jun, 2014 12:00am
Palm oil recovers

Palm oil recovers

Malaysian palm oil futures recovered earlier losses to briefly hit a near one-month high on Tuesday, before ending the session little changed as crude prices eased and traders positioned themselves ahead of key export data. By the close, the benchmark Sep
Published 25 Jun, 2014 12:00am
ICE coffee falls

ICE coffee falls

Arabica coffee futures on ICE dropped on Tuesday in volatile trading as top grower Brazil harvests its drought-impacted crop, while raw sugar prices dipped for the third straight day after last week's rally. Cocoa on ICE Futures US fell for the fourth con
Published 25 Jun, 2014 12:00am
Corn drops

Corn drops

US corn futures fell on Monday, retreating from a two-week high hit early in the day, as expectations for a massive harvest in the United States overshadowed concerns that some areas had received too much rain. Wheat futures slumped after top importer Egy
Published 25 Jun, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Monday on weaker US equity markets and geopolitical tensions over increasing violence in Iraq, while platinum eased as South African miners' union declared an official end to a five-month strike. The yellow metal extended last week's 3 percen
Published 25 Jun, 2014 12:00am
Gold slips in Asia

Gold slips in Asia

Gold eased on Tuesday as investors awaited developments in violence-wracked Iraq, while platinum steadied after two days of losses as strikes in top producer South Africa came to an end. Platinum eased 0.5 percent early in Tuesday's session, before settli
Published 25 Jun, 2014 12:00am
Gold and silver hit multi-month highs

Gold and silver hit multi-month highs

Gold hit a two-month peak on Tuesday and silver reached its highest since mid-March as a drop in European stock prices after soft German economic data helped bullion build on last week's gains. Spot gold hit a high of $1,325.90 and was up 0.1 percent at $
Published 25 Jun, 2014 12:00am
Commodity hedge funds out of favour

Commodity hedge funds out of favour

Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector. In the year through May, some 34 commodit
Published 25 Jun, 2014 12:00am
US MIDDAY: wheat hits month low

US MIDDAY: wheat hits month low

US wheat futures slid to a four-month low on Tuesday as the country's advancing harvest increased supplies, while soyabean futures dropped on better-than-expected US crop conditions. The US Department of Agriculture, in a weekly crop report on Monday, sai
Published 25 Jun, 2014 12:00am
Khyber Pakhtunkhwa Governor for transparent mechanism at Torkham border

Khyber Pakhtunkhwa Governor for transparent mechanism at Torkham border

Khyber-Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan desires to develop efficient, effective and transparent mechanism at Torkham point along Pak-Afghan border with the basic aim at resolving grievances of travellers having genuine documents and encourage
Published 25 Jun, 2014 12:00am
UK HC launches visa application awareness campaign

UK HC launches visa application awareness campaign

The British High Commission will be running an awareness campaign on its Facebook and Twitter pages throughout June and July, sharing useful information and tips for Pakistanis applying for UK visas, says a press release issued here on Tuesday. Inaugurati
Published 25 Jun, 2014 12:00am
Federal government closes two PSDP projects in KP

Federal government closes two PSDP projects in KP

Federal government has closed down two ongoing Public Sector Development Programme (PSDP) funded projects in Khyber Pakhtunkhwa leaving the light-engineering cluster of Mardan and Weavers Association of Swat in limbo. The federal government had launched R
Published 25 Jun, 2014 12:00am
Privatisation of bank: PC tells Senate body it has no record

Privatisation of bank: PC tells Senate body it has no record

Privitization Commission told Senate Standing Committee on Rules of Procedures and Privileges that it does not have any record of privatisation of a bank. The Standing Committee expressed strong displeasure at the Finance Ministry and Privatisation Commis
Published 25 Jun, 2014 12:00am
Girls' school blasted in SWA

Girls' school blasted in SWA

Unknown miscreants blasted a private girls' model school with explosives here in the wee hours of Tuesday. Political administration sources said that unidentified miscreants kidnapped the night watchman of private girls model school located in Mughal Khel
Published 25 Jun, 2014 12:00am
Two brothers among 3 killed

Two brothers among 3 killed

At least three persons including two real brothers were killed and four others received injuries in an armed clash between two groups in Killi Padak area of the district on Tuesday. According to Levies force, the two rivals groups took position and used a
Published 25 Jun, 2014 12:00am
13 BISP beneficiaries appointed for Pizza Hut branch in Quetta

13 BISP beneficiaries appointed for Pizza Hut branch in Quetta

Pizza Hut Management has issued appointment letters to 13 Benazir Income Support Programme (BISP) beneficiaries/nominees for newly established Pizza Hut branch in Quetta. Already, four beneficiaries of BISP have been placed on job by the food chain in Kar
Published 25 Jun, 2014 12:00am
Symposium on 'Witness Security' issue concludes

Symposium on 'Witness Security' issue concludes

The British High Commission Pakistan and the Law and Justice Commission of Pakistan convened a three-day symposium to discuss the issue of "Witness Security," concluded on Tuesday. The event, held in Bhurban, was opened by Justice Asif Saeed Khan Khosa of
Published 25 Jun, 2014 12:00am
Battagram & Mansehra police Awards ceremony held

Battagram & Mansehra police Awards ceremony held

Inspector General of Police (IGP) Khyber-Pakhtunkhwa Nasir Khan Durrani said police Jawans who excelled in line of duty are the real "Heros" and "Assets" of the force. This he said while addressing an award-giving ceremony for Battagram and Mansehra polic
Published 25 Jun, 2014 12:00am
Pakistan wants better ties with neighbouring countries: Dar

Pakistan wants better ties with neighbouring countries: Dar

Finance Minister Ishaq Dar said there is a lot of potential in enhancing trade and economic co-operation between Pakistan and Afghanistan. He said this during meeting with Afghan Finance Minister Dr Omar Zakhilwal on the sidelines of the 39th Annual Board
Published 25 Jun, 2014 12:00am
Upcoming monsoon: DC Lower Dir reviews anti-dengue arrangements

Upcoming monsoon: DC Lower Dir reviews anti-dengue arrangements

An important meeting with Deputy Commissioner Lower Dir, Muhammad Sohail in chair was held on Tuesday reviewed arrangements for combating the possible threats of dengue virus during monsoon season. Tehsil Municipal Officers (TMOs), members of District Cou
Published 25 Jun, 2014 12:00am
TDAP organises exhibition of mangoes in Netherlands

TDAP organises exhibition of mangoes in Netherlands

"The 11th Exhibition of Pakistani Mangoes was organised by the Commercial Wing Embassy of Pakistan The Hague with the support of Trade Development Authority of Pakistan (TDAP). According to a press release on Tuesday, various varieties of Pakistani Mangoe
Published 25 Jun, 2014 12:00am
Fighting in North Waziristan uproots over 400,000 people: UNHCR

Fighting in North Waziristan uproots over 400,000 people: UNHCR

The current military offensive by Pakistan's military against Taliban militants in the north of the country displaced more than 400,000 people and the number continues to rise, the UN refugee agency said on Tuesday. According to the latest government regi
Published 25 Jun, 2014 12:00am
IDPs Welfare Fund: KP MPAs announce donation of one-month salary

IDPs Welfare Fund: KP MPAs announce donation of one-month salary

KP MPAs announced to donate one-month salary for IDPs Welfare Fund established for the displaced families from North Waziristan Agency while the chief secretary on behalf of the employees has also announced one-day salary for the same fund. This was discl
Published 25 Jun, 2014 12:00am
IDPs from NWA: Imran issues directives to monitor relief activities

IDPs from NWA: Imran issues directives to monitor relief activities

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan has issued special directives to senior leadership to personally monitor the relief activities for the internally displaced persons (IDPs) of North Wazirsitan Agency (NWA) in the wake of ongoing military o
Published 25 Jun, 2014 12:00am
Qadri to leave country after fulfilling legal requirements: Rashid

Qadri to leave country after fulfilling legal requirements: Rashid

Federal Minister for Information Pervaiz Rashid said on Tuesday that Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has returned from Canada on his free will but he would leave the country after fulfilling the legal requirements. "A new kind of terro
Published 25 Jun, 2014 12:00am
PPP leaders to donate one-month salary for IDPs: Bilawal

PPP leaders to donate one-month salary for IDPs: Bilawal

Bilawal Bhutto Zardari, Chairman Pakistan Peoples Party after consultation with the senior party leaders announced that all Senators, MNAs, and MPAs of the PPP will donate one-month salary for Internally Displaced Persons (IDPs). Bilawal requested all par
Published 25 Jun, 2014 12:00am
Fazl urges provincial governments to open borders to NW IDPs

Fazl urges provincial governments to open borders to NW IDPs

Chief of Jamiat Ulema-e-Islam, Maulana Fazl Rahman has urged Sindh, Balochistan and Punjab governments to open their borders to IDPs of Waziristan, as their closed door policy is undermining national unity and their commitment to one Pakistan. In a statem
Published 25 Jun, 2014 12:00am
Welfare bodies set up fund raising camps for IDPs

Welfare bodies set up fund raising camps for IDPs

In order to generate donations for the military operation affected displaced tribal families at makeshift camps, various political and religious parties and welfare organisations set-up camps in the provincial capital on Tuesday.
Published 25 Jun, 2014 12:00am
PAT to dispatch relief goods to IDPs: Qadri

PAT to dispatch relief goods to IDPs: Qadri

Pakistan Awami Tehreek(PAT) chief Tahirul Qadri, here on Tuesday announced to extend moral and financial support for the ongoing military operation against terrorists in North Waziristan. While addressing a press conference at Model Town he announced to s
Published 25 Jun, 2014 12:00am
455,597 IDPs registered with NDMA: Zia

455,597 IDPs registered with NDMA: Zia

Following the refusal of a majority of the Internally Displaced Persons (IDPs) of North Waziristan Agency to stay in government established relief camps, the government has allowed them to stay with their relatives and host communities.
Published 25 Jun, 2014 12:00am
Funeral prayers for martyred soldiers offered

Funeral prayers for martyred soldiers offered

Army said funeral prayers for two soldiers, who embraced martyrdom in a Taliban attack, were offered at Cantonment area in Bunnu district of Khyber-Pakhtunkhwa on Tuesday. According to Army's Inter-Services Public Relation (ISPR), two jawans, Qaisar Banga
Published 25 Jun, 2014 12:00am
Efforts to support IDPs under way in UAE: Javed Malik

Efforts to support IDPs under way in UAE: Javed Malik

Prominent UAE based Pakistani and Prime Minister's Special Envoy, Ambassador Javed Malik on Tuesday said that efforts are being made to raise awareness about the plight of IDPs among Overseas Pakistanis based in UAE and Gulf region as well Friends of Paki
Published 25 Jun, 2014 12:00am
Prime Minister for provision of all possible relief to IDPs

Prime Minister for provision of all possible relief to IDPs

Prime Minister Nawaz Sharif has directed for provision of every possible relief to the Internally Displaced Persons (IDPs). He was chairing a meeting to review the situation arising out of IDPs in Islamabad on Tuesday. The Prime Minister said the governme
Published 25 Jun, 2014 12:00am
USAID holds 'Women in Trade' job fair

USAID holds 'Women in Trade' job fair

The USAID-sponsored 'Women in Trade' (WIT) job fair held in Karachi ended on a high note on Tuesday with more than 150 candidates from varied academic fields, over 10 universities and academic institutions, and more than 20 renowned trade organisations in
Published 25 Jun, 2014 12:00am
Investor awareness programme organised

Investor awareness programme organised

The Karachi Stock Exchange and BMA Capital Management Limited organized an Investor Awareness Generation Programme as part of a nation-wide awareness campaign to enhance the investor base in Lahore. Around 450 businessmen, including the Members of Lahore
Published 25 Jun, 2014 12:00am
IGI, Packages Group announce re-entry into Life Insurance

IGI, Packages Group announce re-entry into Life Insurance

IGI and Packages Group are pleased to announce re-entry into Life Insurance by acquiring majority stakes in MetLife's American Life Insurance Company (Pakistan) Limited (MetLife Alico) on 10th of April 2014. IGI was a prominent player in Life Insurance un
Published 25 Jun, 2014 12:00am
Four die in various parts of Balochistan

Four die in various parts of Balochistan

At least four persons died and a woman injured of sun stroke, firing and road accident in different localities of Balochistan on Tuesday. Levies sources said that unknown miscreants gunned down a man named Muhammad Naseem in Kaley Habib Zai of Qillah Abdu
Published 25 Jun, 2014 12:00am
SU vice chancellor orders computerisation of entire record

SU vice chancellor orders computerisation of entire record

The Vice-Chancellor University of Sindh Professor Dr Abida Taherani has announced to replace the manual record system with computerised system in the university and ordered the officials concerned to computerise the record initially from the Registrar Off
Published 25 Jun, 2014 12:00am
Seven new KASB's directors elected

Seven new KASB's directors elected

Shareholders of the KASB Bank have elected seven new directors in a meeting held recently in Islamabad. Newly elected directors are Ashraf M Hayat, Syed Tariq Hussain Gilani, Muzaffar Ali Shah Bukhari, Sun Shui, Muhammad Kamran Shezad, Muhammad Rafiquddin
Published 25 Jun, 2014 12:00am
ICMA Pakistan joins World Congress of Accountants

ICMA Pakistan joins World Congress of Accountants

Institute of Cost & Management Accounts of Pakistan (ICMA) has joined World Congress of Accountants (WCoA), 2014 as a "media partner" - a flagship event held after every four years and attended by the accountants' community and regulators around the world
Published 25 Jun, 2014 12:00am
Mismanagement causes Model Town incident: Sanaullah

Mismanagement causes Model Town incident: Sanaullah

Former Law Minister Punjab, Rana Sanaullah, claimed on Tuesday that Model Town incident was result of mismanagement, and not a conspiracy or planning. The minister was asked to resign by Chief Minister Shahbaz Sharif after the Lahore incident which left 1
Published 25 Jun, 2014 12:00am
Gas theft case: LHC turns down plea

Gas theft case: LHC turns down plea

The Lahore High Court here on Tuesday turned down a plea of a local PPP leader Tariq Aziz to confirm his interim bail in Rs 950 million gas theft case who managed to escape arrest. Tariq Aziz through counsel argued that the case registered against him was
Published 25 Jun, 2014 12:00am
Essential items before Ramazan Shahbaz takes notice of price escalation

Essential items before Ramazan Shahbaz takes notice of price escalation

Punjab Chief Minister Muhammad Shahbaz Sharif has taken notice of increase in the prices of essential items before Ramazan and directed Provincial Cabinet Committee on Price Control to visit vegetables markets and bazaars for stabilising prices. He said t
Published 25 Jun, 2014 12:00am
LCCI urges SBP to bring down discount rate

LCCI urges SBP to bring down discount rate

The Lahore Chamber of Commerce and Industry (LCCI) urged the State Bank of Pakistan (SBP) to bring down the discount rate to give a jumpstart to the economic activities. LCCI Acting President Tariq Misbah in a statement on Tuesday said SBP has to make a d
Published 25 Jun, 2014 12:00am
APBUMA hails two-year extension in SRO 809

APBUMA hails two-year extension in SRO 809

Value Added Forum South Punjab and All Pakistan Bedsheet and Upholstery Manufacturers Association (APBUMA) appreciated the extension in SRO 809 for two years so that duty free textile machinery could be imported to modernise the textile, spinning and weav
Published 25 Jun, 2014 12:00am
Prime Minister seeks unity of all political forces

Prime Minister seeks unity of all political forces

Prime Minister Nawaz Sharif said the country was passing through a difficult phase and prevailing situation demands unity of all political forces to tackle the challenges. This was stated by him while talking to Punjab Governor Chaudhry Muhammad Sarwar on
Published 25 Jun, 2014 12:00am
Socioeconomic uplift top priority: Dastgir

Socioeconomic uplift top priority: Dastgir

Federal Minister for Commerce Engineer Khurram Dastgir said the establishment of Bahawalpur Economic Development Forum is an important step towards the development and prosperity of the industrial and economic sector of the area under the auspices of Baha
Published 25 Jun, 2014 12:00am
Punjab government allocates Rs 3,500 million for livestock sector

Punjab government allocates Rs 3,500 million for livestock sector

Chief Minister's Special Adviser on livestock Chaudhry Muhammad Arshad Jutt has said that the government is allocating Rs 3,500 million for development programme in livestock sector for the financial year 2014-15 besides allocating Rs 210 million for ongo
Published 25 Jun, 2014 12:00am
Chinese meat requirement increasing rapidly

Chinese meat requirement increasing rapidly

Chinese meat requirement is increasing rapidly with the growing economy as they are turning away from their traditional diet of rice and vegetables. George Sun, Chairman, Jinan Kemp International Trading Company stated this at a meeting with Shah Faisal A
Published 25 Jun, 2014 12:00am
'Lack of communication skills major constraint to development'

'Lack of communication skills major constraint to development'

Lack of communication skills is one of major constraints to make development, adopt innovative ideas and to meet the challenges of 21st century, said US extension expert and scientist Dr Mark Andrew Bell from University of California (UC), Davis, USA. He
Published 25 Jun, 2014 12:00am
Expansion of BCI cotton to boost textile exports: APTMA

Expansion of BCI cotton to boost textile exports: APTMA

Acting Chairman APTMA Punjab Syed Ali Ahsan said APTMA is undertaking an initiative to broad-base the Better Cotton Initiative (BCI) cotton production. He said Pakistan is currently the leading producer of BCI cotton as around 163,000 tonnes of cotton is
Published 25 Jun, 2014 12:00am
Law & order in Karachi

Law & order in Karachi

Apropos 'Worsening law and order situation: KCCI to approach PM for army's deployment in Karachi' it is highly disturbing to note that Karachi's law and order situation has once again assumed alarming proportions, necessitating the demands for troops' dep
Published 25 Jun, 2014 12:00am
Organic farm in Benin looks to set example for Africa

Organic farm in Benin looks to set example for Africa

With his pilgrim's staff and panama hat, Father Godfrey Nzamujo nips up and down the paths of Songhai, the organic farm he created nearly 30 years ago to fight poverty and rural migration in Africa. The small farm covered barely a hectare when it was set
Published 25 Jun, 2014 12:00am
'King Coal' in Australia faces rising investment backlash

'King Coal' in Australia faces rising investment backlash

A farmer's habit of rising before dawn finds Cliff Wallace alone most mornings while a rag-tag army of anti-coal activists camped in tents and tee-pees on his land catch a few more hours sleep. When the protest camp finally awakens, talk around a makeshif
Published 25 Jun, 2014 12:00am
Population and poverty

Population and poverty

Population, poverty and economic development are closely inter-linked and inter-related. Rapid population growth tends to reduce per capita income and human well-being which in turn leads to increased level of poverty. Population growth higher than the co
Published 25 Jun, 2014 12:00am
Vegetable production Clinics

Vegetable production Clinics

Creditably for it, the Punjab Agriculture Department is initiating a three-year multipronged "vegetable production enhancement" programme worth Rs 410.87 million. It is an ambitious project aimed at enhancing productivity by imparting new knowledge to far
Published 25 Jun, 2014 12:00am
Rise in C/A deficit

Rise in C/A deficit

It is indeed a matter of concern that current account (C/A) deficit of the country continues to escalate. The latest data released by the State Bank shows that the C/A balance of the country had registered a deficit of dollar 2.577 billion during the firs
Published 25 Jun, 2014 12:00am
'Over 40 percent of opiates being smuggled from Afghanistan'

'Over 40 percent of opiates being smuggled from Afghanistan'

More than 40 percent of opiates is being smuggled from Afghanistan to Pakistan and then being illegally transported to European and Asia markets. A good quantity of the illegal drug was also being smuggled to Africa and North America .Some of these drugs
Published 25 Jun, 2014 12:00am
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