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Jun 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-28
Andujar breaks two-year title drought

Andujar breaks two-year title drought

Spain's Pablo Andujar broke a title drought lasting for more than two years on Sunday as he defeated Argentine Juan Monaco 6-3, 7-5 to win the Swiss Open. The 71st-ranked Andujar, who won on the village court where the clay stands 1,050 meters above sea l
Published 28 Jul, 2014 12:00am
ICC warns Dhoni over Anderson-Jadeja row

ICC warns Dhoni over Anderson-Jadeja row

The International Cricket Council on Sunday accused India captain Mahendra Singh Dhoni of "undermining" its disciplinary process by condemning a fine handed against team-mate Ravindra Jadeja. Dhoni said Saturday that Jadeja had been the target of "hurtful
Published 28 Jul, 2014 12:00am
Remy's Liverpool move collapses

Remy's Liverpool move collapses

Queens Park Rangers' French striker Loic Remy's proposed move to Liverpool has collapsed due to concerns stemming from his medical examination, according to British media reports on Sunday. Remy, 27, flew out to join Liverpool on their pre-season tour of
Published 28 Jul, 2014 12:00am
England well-placed as Cook falls short

England well-placed as Cook falls short

England captain Alastair Cook fell agonisingly short of ending his barren spell without a Test hundred as he led from the front against India at Southampton on Sunday. Cook won the toss and then made 95, having been dropped early on, out of England's 247
Published 28 Jul, 2014 12:00am
Ricciardo wins second Grand Prix in drenched Hungary

Ricciardo wins second Grand Prix in drenched Hungary

Australian Daniel Ricciardo charged to a thrilling Hungarian Grand Prix victory on Sunday, his second Formula One win for Red Bull, as a drenched track caused chaos among world championship leaders. Rivalry between Lewis Hamilton and his Mercedes team-mat
Published 28 Jul, 2014 12:00am
Nibali wins Tour de France

Nibali wins Tour de France

Vincenzo Nibali completed his victory in the 2014 Tour de France on Sunday as German sprinter Marcel Kittel won the final stage on the Champs Elysees in Paris. Nibali finished safely in the peloton to succeed Briton Chris Froome as Tour champion. Jean-Chr
Published 28 Jul, 2014 12:00am
Sangakkara stars for Sri Lanka on rain-hit day

Sangakkara stars for Sri Lanka on rain-hit day

Kumar Sangakkara and skipper Angelo Mathews struck brisk half-centuries to help Sri Lanka set up a thrilling finale to the series-deciding second Test against South Africa on Sunday. Sangakkara (72) hit his tenth 50-plus score of the year and Mathews chip
Published 28 Jul, 2014 12:00am
Kenyans run to double gold, Meares wins eighth track medal

Kenyans run to double gold, Meares wins eighth track medal

Kenya's Caleb Ndiku took a flamboyant 5000m gold while compatriot Flomena Daniel claimed the women's marathon title as Commonwealth Games athletics got under way Sunday without headliners Usain Bolt and Mo Farah. Ndiku, the world indoor 3000m champion, ma
Published 28 Jul, 2014 12:00am
Peace before economy for Russia sanctions: German minister

Peace before economy for Russia sanctions: German minister

Germans must put peace before economic considerations and accept tougher sanctions against Russia if necessary, Germany's finance minister told the Bild am Sonntag newspaper on Sunday. The European Union reached an outline agreement on Friday to impose th
Published 28 Jul, 2014 12:00am
UniCredit close to selling more private equity holdings

UniCredit close to selling more private equity holdings

Italy's UniCredit is close to selling a new portion of its private equity holdings after a similar deal in 2013, a source close to the matter said on Sunday, as European banks shed non-core assets to strengthen their capital base.
Published 28 Jul, 2014 12:00am
UniCredit close to selling more private equity holdings

UniCredit close to selling more private equity holdings

Italy's UniCredit is close to selling a new portion of its private equity holdings after a similar deal in 2013, a source close to the matter said on Sunday, as European banks shed non-core assets to strengthen their capital base.
Published 28 Jul, 2014 12:00am
ECB backs Bundesbank call for higher German wages

ECB backs Bundesbank call for higher German wages

The European Central Bank supports Germany's Bundesbank in its appeals for higher wage deals in Germany, Der Spiegel magazine quoted ECB Chief Economist Peter Praet as saying on Sunday. Low wage agreements were needed in some crisis-hit countries in the e
Published 28 Jul, 2014 12:00am
Tanker carrying Iraqi Kurdish oil anchored off Texas port

Tanker carrying Iraqi Kurdish oil anchored off Texas port

A tanker carrying crude oil from Iraqi Kurdistan was anchored near the Port of Galveston, Texas, and must undergo a routine safety inspection by the US Coast Guard on Sunday before it can unload its cargo, an official said. The Marshall Islands-flagged ta
Published 28 Jul, 2014 12:00am
East Ukraine is 'de facto offshore': rebel leader

East Ukraine is 'de facto offshore': rebel leader

A rebel leader on Sunday said east Ukraine was a "de facto offshore zone" following a decree from the country's government that shuts down the banking system in the area. "They've taken their banking system out of here. They've switched it off," Pavel Gub
Published 28 Jul, 2014 12:00am
Complaint made to top German court against banking union

Complaint made to top German court against banking union

A group of professors has lodged a complaint with Germany's Constitutional Court against Europe's planned banking union, which starts work in November, Welt am Sonntag newspaper reported on Sunday. The union is Europe's main confidence-building response t
Published 28 Jul, 2014 12:00am
RBS advised to sell majority Ulster Bank stake

RBS advised to sell majority Ulster Bank stake

State-backed British lender Royal Bank of Scotland has been formally advised by Morgan Stanley to sell a majority stake in its Irish unit, Ulster Bank, Ireland's Sunday Business Post reported.
Published 28 Jul, 2014 12:00am
Serbian government presents laws to speed up privatisation

Serbian government presents laws to speed up privatisation

Serbia's government adopted a new privatisation bill and proposed changes to bankruptcy law on Sunday to speed up the sale of loss-making state-owned companies. The laws, which have yet to be passed by parliament, are a pre-condition for the release of a
Published 28 Jul, 2014 12:00am
Geneticists offer clues to better rice and tomato crops

Geneticists offer clues to better rice and tomato crops

Scientists on Sunday laid bare the genetic codes of African rice and a type of wild tomato, data they said should help breed more resilient crops. Teams detailed the genome sequences of the two plant species in separate papers in the journal Nature Geneti
Published 28 Jul, 2014 12:00am
Audi cuts spare-part prices in China

Audi cuts spare-part prices in China

Volkswagen AG's premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry. The National Development and Reform Commis
Published 28 Jul, 2014 12:00am
Hutchison withdraws Austrian telecoms auction appeal

Hutchison withdraws Austrian telecoms auction appeal

Hutchison Whampoa's Austrian telecoms unit, Drei, has withdrawn its appeal against the result of a 2 billion euro ($2.69 billion) frequency auction, it said on Sunday. Drei said it withdrew the appeal at the end of June as it saw signs that some of the au
Published 28 Jul, 2014 12:00am
Qatar state spending up last FY, slowest in 11 years

Qatar state spending up last FY, slowest in 11 years

Qatar's state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed on Sunday. Expenditure rose to a record high of 2
Published 28 Jul, 2014 12:00am
China food firm withdrawing all products: US parent

China food firm withdrawing all products: US parent

The parent company of a scandal-hit Chinese food supplier said it is withdrawing all products made by the subsidiary. Shanghai Husi Food Co Ltd, owned by Illinois-based OSI Group LLC, is at the centre of a major food safety scandal, which has spread from
Published 28 Jul, 2014 12:00am
Gruppo Coin aims for OVS unit listing by year-end

Gruppo Coin aims for OVS unit listing by year-end

Italian retailer Gruppo Coin aims to spin off its OVS Industry high-street chain and list its shares with a public offer by the end of this year, the group's chief executive said on Wednesday. The clothes, accessories and footwear company will probably on
Published 28 Jul, 2014 12:00am
New Zealand's Scales Corporation planning IPO, listing

New Zealand's Scales Corporation planning IPO, listing

New Zealand agribusiness company Scales Corporation Ltd is planning an initial public offer and stock exchange listing, the company said on Tuesday. The company said a sale of new shares and a sell down by its existing shareholders would occur after a pro
Published 28 Jul, 2014 12:00am
Iraq's oil shock to lift safe-haven currencies

Iraq's oil shock to lift safe-haven currencies

A sudden and sustained rise in global oil prices caused by violence in Iraq would initially trigger a rush into safe-haven currencies like the yen and the Swiss franc, despite Japan and Switzerland being importers of crude. Ever since the violence escalat
Published 28 Jul, 2014 12:00am
France sells extra 492 million euros of medium-term bonds

France sells extra 492 million euros of medium-term bonds

France sold an extra 492 million euros of medium-term government bonds in the wake of last Thursday's regular auction, the public debt management agency Agence France Tresor said on Monday. The extra post-auction allotment comprised 291 million euros of a
Published 28 Jul, 2014 12:00am
France sells extra 492 million euros of medium-term bonds

France sells extra 492 million euros of medium-term bonds

France sold an extra 492 million euros of medium-term government bonds in the wake of last Thursday's regular auction, the public debt management agency Agence France Tresor said on Monday. The extra post-auction allotment comprised 291 million euros of a
Published 28 Jul, 2014 12:00am
Tokyo investors eye Japanese earnings, US data

Tokyo investors eye Japanese earnings, US data

Tokyo investors will be looking to earnings from some of Japan's best-known companies next week, as well as fresh US data and a Federal Reserve policy meeting. On Friday, Tokyo stocks rose 1.13 percent to close at a six-month high after a healthy US joble
Published 28 Jul, 2014 12:00am
Wall Street week ahead: even modest GDP bounce may support market

Wall Street week ahead: even modest GDP bounce may support market

Even if data next week shows a mediocre rebound in US economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases.
Published 28 Jul, 2014 12:00am
Sri Lanka builds up forex reserves with stable currency

Sri Lanka builds up forex reserves with stable currency

Sri Lanka is building up its foreign exchange reserves while keeping its rupee currency stable as the island nation seeing more dollar inflows, Finance Secretary P.B. Jayasundera said on Wednesday. The central bank has absorbed more than $750 million so f
Published 28 Jul, 2014 12:00am
Singapore to stop issuing Sg$10,000 notes

Singapore to stop issuing Sg$10,000 notes

Singapore's central bank said Thursday it would stop issuing Sg$10,000 ($8,000) notes to help deter money laundering, with critics complaining the note is the bill of choice for bribe-payers in neighbouring Indonesia. A spokeswoman for the Monetary Author
Published 28 Jul, 2014 12:00am
Telefonica to use exchangeable bond to cut Telecom Italia stake

Telefonica to use exchangeable bond to cut Telecom Italia stake

Telefonica will sell 750 million euros ($1 billion) in bonds that convert to Telecom Italia shares, it said on Wednesday, effectively loosening its grip as largest shareholder. In a notice to Spain's market regulator, Telefonica said the bonds, which pay
Published 28 Jul, 2014 12:00am
Sanofi warns of currency impact on earnings

Sanofi warns of currency impact on earnings

French pharmaceutical group Sanofi said in a statement on Friday that it estimates that negative foreign currency impact on its second-quarter 2014 financial results should be about 6 percentage points on sales and 8 to 10 percentage points on business ea
Published 28 Jul, 2014 12:00am
Sanofi warns of currency impact on earnings

Sanofi warns of currency impact on earnings

French pharmaceutical group Sanofi said in a statement on Friday that it estimates that negative foreign currency impact on its second-quarter 2014 financial results should be about 6 percentage points on sales and 8 to 10 percentage points on business ea
Published 28 Jul, 2014 12:00am
Ratnakar Bank plans IPO of up to $250 million in 2015

Ratnakar Bank plans IPO of up to $250 million in 2015

India's Ratnakar Bank Ltd plans to launch an initial public offering of shares worth up to $250 million in the first quarter of 2015, sources involved in the process said, in what will be the first Indian bank listing in four years. The offer will include
Published 28 Jul, 2014 12:00am
Ratnakar Bank plans IPO of up to $250 million in 2015

Ratnakar Bank plans IPO of up to $250 million in 2015

India's Ratnakar Bank Ltd plans to launch an initial public offering of shares worth up to $250 million in the first quarter of 2015, sources involved in the process said, in what will be the first Indian bank listing in four years. The offer will include
Published 28 Jul, 2014 12:00am
UAE markets rise on second quarter earnings

UAE markets rise on second quarter earnings

Stock markets in the United Arab Emirates rose on Sunday on the back of some strong second-quarter earnings reports and expectations for more of them, while Qatar and Egypt pulled back in thin trade before long breaks for Eidul Fitr holidays. Dubai's benc
Published 28 Jul, 2014 12:00am
China to hold military exercises in south-east coastal areas

China to hold military exercises in south-east coastal areas

China will hold military exercises in south-east coastal areas beginning on Tuesday, the Ministry of Nattional Defence said on Sunday It described the drills as annual and routine in a statement on its website, saying they would test combat readiness and
Published 28 Jul, 2014 12:00am
Egypt's army destroys 13 more Gaza tunnels

Egypt's army destroys 13 more Gaza tunnels

Egypt's army said Sunday it has destroyed 13 more tunnels connecting the Sinai Peninsula to the Gaza Strip, taking to 1,639 the overall number it has laid waste to. Cairo has poured troops into the peninsula to counter a rising insurgency since the ouster
Published 28 Jul, 2014 12:00am
Asylum-seekers held on high seas arrive in Australia

Asylum-seekers held on high seas arrive in Australia

The first group of 157 asylum-seekers who attempted to enter Australia by boat arrived on the country's mainland Sunday, after being held at sea for weeks. Eighty-one asylum-seekers arrived at the remote Curtin Immigration Detention Centre in Western Aust
Published 28 Jul, 2014 12:00am
Four killed in Istanbul bus inferno

Four killed in Istanbul bus inferno

Four people were killed Sunday and at least 10 were injured when a public bus in Istanbul burst into flames after crashing into the side of the road, Turkish television reported. The bus was reduced to a burnt-out shell after the accident, which happened
Published 28 Jul, 2014 12:00am
Syria retakes Homs gas field

Syria retakes Homs gas field

Syrian army said on Sunday it recaptured a gas field east of the central city of Homs that was seized by hard-line Islamic State fighters earlier this month. Syrian television showed footage of soldiers running and deploying in a vast desert area which it
Published 28 Jul, 2014 12:00am
UN warns of alarming malnutrition rates in Mogadishu

UN warns of alarming malnutrition rates in Mogadishu

The United Nations has reported alarming rates of malnutrition in the Somali capital where aid agencies cannot meet the needs of 350,000 people due to insufficient funds, drought and conflict. The UN Office for the Coordination of Humanitarian Affairs (OC
Published 28 Jul, 2014 12:00am
Stronger rules needed on flight paths: Malaysia Airlines official

Stronger rules needed on flight paths: Malaysia Airlines official

The commercial director of Malaysia Airlines on Sunday called for a complete overhaul of the way flight paths are deemed safe following the downing of flight MH17 by a suspected missile over rebel-held eastern Ukraine. Writing in Britain's Sunday Telegrap
Published 28 Jul, 2014 12:00am
Tropical Storm Hernan forms off Mexico's Pacific coast

Tropical Storm Hernan forms off Mexico's Pacific coast

Fearing potentially deadly flooding, Mexican disaster officials are closely monitoring the weather after Tropical Storm Hernan formed off the country's Pacific coast of Mexico late Saturday. Hernan was located 585 kilometers (more than 360 miles) south-we
Published 28 Jul, 2014 12:00am
Turkish Prime Minister 'scores hat-trick' in pre-election match

Turkish Prime Minister 'scores hat-trick' in pre-election match

Turkish Prime Minister Recep Tayyip Erdogan scored an improbable three goals in just 15 minutes as he took to the field in a football friendly to mark the opening of a new stadium in Istanbul. Erdogan is standing in presidential elections on August 10 and
Published 28 Jul, 2014 12:00am
Japanese schoolgirl arrested for murdering, dismembering classmate

Japanese schoolgirl arrested for murdering, dismembering classmate

A 15-year-old Japanese schoolgirl was arrested Sunday on suspicion of murdering a classmate and dismembering her body, local media reported. The suspect, whose name was not released as she is a minor, has admitted to strangling the victim and severing her
Published 28 Jul, 2014 12:00am
Two soldiers, 10 'Qaeda' dead in Yemen suicide car bomb bids

Two soldiers, 10 'Qaeda' dead in Yemen suicide car bomb bids

Two soldiers and 10 jihadists were killed Sunday in attempted car bomb attacks on army posts and subsequent clashes in the southern province of Abyan, a military official said. He said dozens of suspected al Qaeda militants took part in simultaneous attac
Published 28 Jul, 2014 12:00am
Duty-free import of solar panels hailed

Duty-free import of solar panels hailed

Hailing the government's decision of allowing duty-free import of solar panels, the business community of South Punjab said that the move would not only help promote solar energy system in the country, but would also lower the prices of solar panels. Mult
Published 28 Jul, 2014 12:00am
Delegation of Chinese investors meets chief minister Punjab

Delegation of Chinese investors meets chief minister Punjab

A delegation of Chinese investors associated with energy sector called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Sunday. Matters regarding setting up of power projects running through coal and developing mining area were discussed in the me
Published 28 Jul, 2014 12:00am
Several prisoners involved in petty crimes released

Several prisoners involved in petty crimes released

Several prisoners jailed for petty crimes have been released by the federal government ahead of Eid-ul-Fitr. In Faisalabad, 199 prisoners were released from all three jails in the city. Jail sources said that 182 prisoners were released from District Jail
Published 28 Jul, 2014 12:00am
IDPs' registration completed

IDPs' registration completed

National Database and Registration Authority (Nadra) has submitted its report containing details regarding registration of Internally Displaced Persons (IDPs) of North Waziristan Agency (NWA). According to the report, the authority registered as many as 9
Published 28 Jul, 2014 12:00am
Transporters charging extra fares from passengers

Transporters charging extra fares from passengers

Transporters taking advantage of the passengers' rush, who wanted to celebrate Eidul Fitr with their near and dear ones in their home towns, on Sunday were charging extra fares.
Published 28 Jul, 2014 12:00am
Illicit cigarettes trade causes Rs 80 billion loss in five years

Illicit cigarettes trade causes Rs 80 billion loss in five years

The country has lost Rs 80 billion in last five years due to illicit trade in cigarettes and is expected to lose another Rs 100 billion in the next five years. According to Euro monitor International, a global research agency, Pakistan, the penalties for
Published 28 Jul, 2014 12:00am
562 profiteers challaned

562 profiteers challaned

The divisional and district administrations challaned 562 profiteers and imposed fine of Rs 9,19,200 on them, in different areas of the metropolis. This was stated by Commissioner Karachi Sohaib Ahmed in a statement here on Sunday. Four profiteers were al
Published 28 Jul, 2014 12:00am
Transport owners fined for overcharging

Transport owners fined for overcharging

National Highway and Motorway Police has started aggressive campaign against the transporters involved in overcharging from the passengers during Eid days. IG Motorway also directed to explore all possibilities to return back extra fare to passengers.
Published 28 Jul, 2014 12:00am
Government should not use army for political purposes: Shujaat

Government should not use army for political purposes: Shujaat

Pakistan Muslim League-Q (PML-Q) and former Prime Minister Senator Chaudhry Shujaat Hussain has strongly criticised the decision to enforce Article 245 and said the govt should not make the army shield for achieving its political aims.
Published 28 Jul, 2014 12:00am
Khuhro lashes out at center over Sindh's water, power woes

Khuhro lashes out at center over Sindh's water, power woes

Senior Sindh Minister Nisar Ahmed Khuhro accused federal government of repeating its past mistakes by creating artificial shortfall of electricity in Sindh. In a statement issued here, Khuhro alleged that the ruling PML-N was taking revenge from the peopl
Published 28 Jul, 2014 12:00am
'Transparent payment of Zakat helps eliminate poverty'

'Transparent payment of Zakat helps eliminate poverty'

The transparent payment of Zakat to the deserving can help eliminating poverty and unemployment from the society, said leaders of Chamber of Commerce and Industry. Former President Islamabad Chamber of Commerce and Industry Zahid Maqbool told APP that the
Published 28 Jul, 2014 12:00am
Former Servicemen Society condoles Nizami's death

Former Servicemen Society condoles Nizami's death

Ex-Servicemen Society of Pakistan on Sunday condoled the death of veteran journalist Majid Nizami. A condolence meeting of the society was held at its office. Participants of the meeting said that Nizami was a frontline soldier of Pakistan Movement. They
Published 28 Jul, 2014 12:00am
Gang of car thieves busted in Islamabad

Gang of car thieves busted in Islamabad

Islamabad Police have busted a gang of car thieves and recovered stolen car besides getting clue about vehicles stolen by gangsters and later selling them in various areas, a police spokesman said on Sunday.
Published 28 Jul, 2014 12:00am
Poll process in Afghanistan to wind up smoothly: Chinese envoy

Poll process in Afghanistan to wind up smoothly: Chinese envoy

China's Special Envoy for Afghanistan Sun Yuxi said here on Sunday that China supports ongoing political and reconciliation process in Afghanistan as it would create a better security environment. Talking to media persons, the envoy told that he met Afgha
Published 28 Jul, 2014 12:00am
10 kg explosives recovered from Dera Bugti

10 kg explosives recovered from Dera Bugti

Security forces in a raid at a house in Dera Bugti recovered 10 kilograms of explosive material and detonators and foiled a major terrorism bid. Security sources said the material was to be used by the miscreants in blasting Sui gas installations. No one
Published 28 Jul, 2014 12:00am
Waseem Ajmal made P&D Secretary of Punjab

Waseem Ajmal made P&D Secretary of Punjab

The Punjab government has appointed Waseem Ajmal Chaudhry, a senior officer of BPS 20, Secretary of Planning & Development. He has taken the charge of his office.
Published 28 Jul, 2014 12:00am
Chronic hepatitis B&C cause deaths more than TB, HIV/AIDS

Chronic hepatitis B&C cause deaths more than TB, HIV/AIDS

Chronic hepatitis B and C cause more deaths world-wide than tuberculosis or even HIV/AIDS. This was stated Dr Shahab Abid, Professor and Head of Gastroenterology, Aga Khan University, at a public awareness session held to mark World Hepatitis Day at the U
Published 28 Jul, 2014 12:00am
People throng Railways booking offices but return disappointed

People throng Railways booking offices but return disappointed

People standing in long queues at bus stops and Railways booking offices here is a proof that majority of people prefer to celebrate Eidul Fitr at their home towns with their near and dear ones but how many would manage to fulfil their wish depends on mea
Published 28 Jul, 2014 12:00am
No differences within PML-N Sindh leadership: Rahu

No differences within PML-N Sindh leadership: Rahu

Pakistan Muslim League-Nawaz (PML-N) Sindh President Ismail Rahu has clarified that neither there are any differences within the party leadership in Sindh nor has any leader left it. Addressing a news conference at the Karachi Press Club on Sunday, he, ho
Published 28 Jul, 2014 12:00am
MQM condemns killing of two people in Gulshan-e-Iqbal

MQM condemns killing of two people in Gulshan-e-Iqbal

Muttahida Qaumi Movement's Rabita Committee has condemned the brutal murders in Gulshan-e-Iqbal 13-D, saying that a banned jihadi outfit was involved in killing of two innocent people. In a statement, Rabita Committee claimed that the outfit was trying to
Published 28 Jul, 2014 12:00am
Parliament plays key role in promoting democracy: Naek

Parliament plays key role in promoting democracy: Naek

Senator Farooq H. Naek on Sunday said parliament as one of the key state institution in a democratic system had a critical role to play in promoting democracy and good governance. Senator Naek was addressing the 11th Workshop of Parliamentary Scholars and
Published 28 Jul, 2014 12:00am
Foreign currency: SBP revises reporting format for hotels

Foreign currency: SBP revises reporting format for hotels

Reducing the time frame, State Bank of Pakistan (SBP) has revised reporting format for hotels having restricted authorisation to deal in foreign currencies. Bankers said that SBP has decided to further strengthen the monitoring of foreign currency managem
Published 28 Jul, 2014 12:00am
Foreign currency: SBP revises reporting format for hotels

Foreign currency: SBP revises reporting format for hotels

Reducing the time frame, State Bank of Pakistan (SBP) has revised reporting format for hotels having restricted authorisation to deal in foreign currencies. Bankers said that SBP has decided to further strengthen the monitoring of foreign currency managem
Published 28 Jul, 2014 12:00am
Foreign currency: SBP revises reporting format for hotels

Foreign currency: SBP revises reporting format for hotels

Reducing the time frame, State Bank of Pakistan (SBP) has revised reporting format for hotels having restricted authorisation to deal in foreign currencies. Bankers said that SBP has decided to further strengthen the monitoring of foreign currency managem
Published 28 Jul, 2014 12:00am
Norway lowers terror attack threat

Norway lowers terror attack threat

Norway on Sunday revised downwards the risk of a terrorist attack by militants coming from Syria, three days after stepping up security to face a threat it deemed "credible" and imminent. "Based upon the work carried out these last days, we can say that t
Published 28 Jul, 2014 12:00am
Norway lowers terror attack threat

Norway lowers terror attack threat

Norway on Sunday revised downwards the risk of a terrorist attack by militants coming from Syria, three days after stepping up security to face a threat it deemed "credible" and imminent. "Based upon the work carried out these last days, we can say that t
Published 28 Jul, 2014 12:00am
Mali opens judicial inquiry into Air Algerie crash

Mali opens judicial inquiry into Air Algerie crash

Mali has opened a judicial probe into the Air Algerie plane disaster as part of international efforts to determine the cause of the crash, Mali's Minister of Solidarity and Humanitarian Action said Sunday. "Mali opened a judicial inquiry immediately after
Published 28 Jul, 2014 12:00am
Mali opens judicial inquiry into Air Algerie crash

Mali opens judicial inquiry into Air Algerie crash

Mali has opened a judicial probe into the Air Algerie plane disaster as part of international efforts to determine the cause of the crash, Mali's Minister of Solidarity and Humanitarian Action said Sunday. "Mali opened a judicial inquiry immediately after
Published 28 Jul, 2014 12:00am
Western countries warn nationals to leave Libya

Western countries warn nationals to leave Libya

Western nations on Sunday warned their citizens to leave Libya, where intensifying fighting between militias was threatening to destabilise the country. "Given the deteriorating security situation, France is asking its nationals to leave Libya," the Frenc
Published 28 Jul, 2014 12:00am
Western countries warn nationals to leave Libya

Western countries warn nationals to leave Libya

Western nations on Sunday warned their citizens to leave Libya, where intensifying fighting between militias was threatening to destabilise the country. "Given the deteriorating security situation, France is asking its nationals to leave Libya," the Frenc
Published 28 Jul, 2014 12:00am
Jihadists make fresh Syria advance

Jihadists make fresh Syria advance

Islamic State jihadists, building on vast land grabs in Iraq, have seized an army position in the Syrian city of Hasakeh, a monitoring group said Sunday. On another front in Syria's complex civil war, rebels seeking President Bashar al-Assad's ouster capt
Published 28 Jul, 2014 12:00am
Jihadists make fresh Syria advance

Jihadists make fresh Syria advance

Islamic State jihadists, building on vast land grabs in Iraq, have seized an army position in the Syrian city of Hasakeh, a monitoring group said Sunday. On another front in Syria's complex civil war, rebels seeking President Bashar al-Assad's ouster capt
Published 28 Jul, 2014 12:00am
Philippines welcomes 100 millionth baby

Philippines welcomes 100 millionth baby

A baby girl born early Sunday has officially pushed the population of the Philippines to 100 million, highlighting the challenge of providing for more people in the already-impoverished nation. The child, Jennalyn Sentino, was one of 100 babies born in st
Published 28 Jul, 2014 12:00am
Philippines welcomes 100 millionth baby

Philippines welcomes 100 millionth baby

A baby girl born early Sunday has officially pushed the population of the Philippines to 100 million, highlighting the challenge of providing for more people in the already-impoverished nation. The child, Jennalyn Sentino, was one of 100 babies born in st
Published 28 Jul, 2014 12:00am
Five flogged in Iran for Ramazan violations

Five flogged in Iran for Ramazan violations

Five people were publicly flogged in Iran as punishment for eating in public in violation of the rules of the Muslim fasting month of Ramazan, state media reported. The offenders ignored warnings from police and "ate intentionally" in the western city of
Published 28 Jul, 2014 12:00am
Five flogged in Iran for Ramazan violations

Five flogged in Iran for Ramazan violations

Five people were publicly flogged in Iran as punishment for eating in public in violation of the rules of the Muslim fasting month of Ramazan, state media reported. The offenders ignored warnings from police and "ate intentionally" in the western city of
Published 28 Jul, 2014 12:00am
Small coal power plants to be set up in Punjab: Shahbaz

Small coal power plants to be set up in Punjab: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Punjab government has also decided to set up small coal power plants for generating energy. He said that these power plants would be set up near industrial load centres and the process of ide
Published 28 Jul, 2014 12:00am
Small coal power plants to be set up in Punjab: Shahbaz

Small coal power plants to be set up in Punjab: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Punjab government has also decided to set up small coal power plants for generating energy. He said that these power plants would be set up near industrial load centres and the process of ide
Published 28 Jul, 2014 12:00am
Small coal power plants to be set up in Punjab: Shahbaz

Small coal power plants to be set up in Punjab: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Punjab government has also decided to set up small coal power plants for generating energy. He said that these power plants would be set up near industrial load centres and the process of ide
Published 28 Jul, 2014 12:00am
One killed, 13 injured in Quetta blast

One killed, 13 injured in Quetta blast

One person was killed and 13 others received injuries in an explosion here in Qandhari Bazaar area of the provincial capital on Sunday evening. According to the police, the blast occurred outside a shop as people were busy in shopping for Eid. As a result
Published 28 Jul, 2014 12:00am
One killed, 13 injured in Quetta blast

One killed, 13 injured in Quetta blast

One person was killed and 13 others received injuries in an explosion here in Qandhari Bazaar area of the provincial capital on Sunday evening. According to the police, the blast occurred outside a shop as people were busy in shopping for Eid. As a result
Published 28 Jul, 2014 12:00am
Two Rangers shot dead in Karachi

Two Rangers shot dead in Karachi

Two Rangers personnel were killed in a densely populated area of Landhi here on Sunday evening. According to police and rescue sources, two Rangers personnel became victim of indiscriminate firing when they were heading towards a nearby market from their
Published 28 Jul, 2014 12:00am
Two Rangers shot dead in Karachi

Two Rangers shot dead in Karachi

Two Rangers personnel were killed in a densely populated area of Landhi here on Sunday evening. According to police and rescue sources, two Rangers personnel became victim of indiscriminate firing when they were heading towards a nearby market from their
Published 28 Jul, 2014 12:00am
Cellular companies seek status of ''industrial undertakings''

Cellular companies seek status of ''industrial undertakings''

Chief Executive Officers (CEOs) of four leading cellular companies have jointly approached Finance Minister Ishaq Dar seeking is status of ''industrial undertakings'', as the cellular companies have has paid over Rs 11 billion as withholding tax on the au
Published 28 Jul, 2014 12:00am
Cellular companies seek status of 'industrial undertakings'

Cellular companies seek status of 'industrial undertakings'

Chief Executive Officers (CEOs) of four leading cellular companies have jointly approached Finance Minister Ishaq Dar seeking is status of 'industrial undertakings', as the cellular companies have has paid over Rs 11 billion as withholding tax on the auct
Published 28 Jul, 2014 12:00am
Cellular companies seek status of 'industrial undertakings'

Cellular companies seek status of 'industrial undertakings'

Chief Executive Officers (CEOs) of four leading cellular companies have jointly approached Finance Minister Ishaq Dar seeking is status of 'industrial undertakings', as the cellular companies have has paid over Rs 11 billion as withholding tax on the auct
Published 28 Jul, 2014 12:00am
Qadri sees government's 'demise' anytime soon

Qadri sees government's 'demise' anytime soon

Pakistan Awami Tehreek (PAT) head Dr Tahir ul Qadri predicted that the PML-N government was going to be "toppled" within a month. Addressing a press conference here on Sunday, Qadri said he would soon announce a date for the 'demise' of this government. H
Published 28 Jul, 2014 12:00am
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