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Jun 01, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-09-25
Indian rupee hits one-week low

Indian rupee hits one-week low

The Indian rupee fell to its weakest in nearly a week after the cancellation of coal blocks allocated to companies raised concerns that more coal would be imported, but the currency then recovered to end almost flat for the day on dollar sales from custod
Published 25 Sep, 2014 12:00am
Sterling climbs to near two-year high versus euro

Sterling climbs to near two-year high versus euro

Sterling rose to near a two-year high against the euro on Wednesday with investors focusing on the British economy and the contrasting monetary policy outlooks between the euro zone and Britain. Bank of England Governor Mark Carney is to give a speech in
Published 25 Sep, 2014 12:00am
Suarez scores first Barcelona goals

Suarez scores first Barcelona goals

Luis Suarez scored his first two goals for Barcelona in the humble surroundings of the club's training ground as an experimental Barca B side beat an Indonesia under-19 team 6-0 on Wednesday. The Uruguayan is a month away from being allowed to play in a c
Published 25 Sep, 2014 12:00am
Taiwan beat China for tennis title

Taiwan beat China for tennis title

Taiwan's Grand Slam-winning doubles star Hsieh Su-wei helped her team to gold in the Asian Games tennis final on Wednesday with victory over rivals China. Reigning French Open women's doubles champion Hsieh lost her singles rubber to former Wimbledon semi
Published 25 Sep, 2014 12:00am
Qatar quits basketball over headscarf ban

Qatar quits basketball over headscarf ban

Qatar on Wednesday withdrew their women's basketball team from the Asian Games just before their first match over a rule banning Muslim headscarves. Qatar and the Olympic Council of Asia (OCA) hit out at the International Basketball Federation (FIBA) rule
Published 25 Sep, 2014 12:00am
Mongolian bags historic shooting gold

Mongolian bags historic shooting gold

Narantuya Chuluunbadrakh became the first Mongolian to win an Asian Games shooting gold medal when she clinched the women's 50m rifle prone title on Wednesday. The 29-year-old from Ulaanbaatar finished the final with 624.1 points, just four off the world
Published 25 Sep, 2014 12:00am
Hagino stars but China rule the pool

Hagino stars but China rule the pool

Japan's Kosuke Hagino won his fourth swimming gold but China ruled the pool as they shot out to a big lead on the medals table at the Asian Games on Wednesday. Hagino, 20, put in a strong final freestyle leg to add the 400 metres medley to his 200m medley
Published 25 Sep, 2014 12:00am
Ebola-hit Guinea, Sierra Leone get 'home' venues

Ebola-hit Guinea, Sierra Leone get 'home' venues

Guinea and Sierra Leone will host 2015 Africa Cup of Nations matchday 3 qualifiers in Morocco and Cameroon because of the Ebola epidemic, the organisers said Wednesday. A Confederation of African Football (CAF) statement said Guinea would play Ghana on Oc
Published 25 Sep, 2014 12:00am
Logo for cricket series against Australia unveiled

Logo for cricket series against Australia unveiled

Pakistan Cricket Board (PCB) on Wednesday announced title, presenting and other sponsors and also unveiled the logo for the home series against Australia commencing in the first week of October 2014 in the UAE. The title sponsors for the series are: Haier
Published 25 Sep, 2014 12:00am
Cook to lead England at World Cup, upcoming Sri Lanka series

Cook to lead England at World Cup, upcoming Sri Lanka series

England captain Alastair Cook will lead the side at next year's World Cup in Australia and New Zealand after being named Wednesday as skipper for an upcoming one-day international series in Sri Lanka on Wednesday. He (Cook) will be our leader at the World
Published 25 Sep, 2014 12:00am
Sharapova crashes, Kvitova through in Wuhan

Sharapova crashes, Kvitova through in Wuhan

Fourth seed Maria Sharapova crashed out of the $2.4 million WTA Wuhan Open in two sets Wednesday, while Wimbledon champion Petra Kvitova and world number seven Caroline Wozniacki made the quarter-finals. Sharapova was defeated by Timea Bacsinszky in a tig
Published 25 Sep, 2014 12:00am
Atapattu to coach Sri Lanka for World Cup

Atapattu to coach Sri Lanka for World Cup

Sri Lanka Cricket on Wednesday appointed former Test captain Marvan Atapattu as head coach to prepare for the 2015 World Cup hosted by Australia and New Zealand. Atapattu, 43, becomes the island nation's seventh coach in the last four years and is the fir
Published 25 Sep, 2014 12:00am
One day, T20 squads for Australian series announced

One day, T20 squads for Australian series announced

Batsman Younis Khan, opener Sharjeel Khan and the fast bowler Mohammad Talha have been dropped while wicketkeeper Sarfraz Ahmed has been called back, as Pakistan announced the squads for the upcoming ODI and T20 cricket series with Australia, starting in
Published 25 Sep, 2014 12:00am
No more patients under Ebola surveillance in Nigeria: official

No more patients under Ebola surveillance in Nigeria: official

Nigeria has cleared all patients under surveillance for the Ebola virus, the federal health ministry said on Wednesday. "There is nobody again under surveillance for the Ebola virus in any part of Nigeria. All those under surveillance have completed their
Published 25 Sep, 2014 12:00am
Hungary passes new law helping borrowers, hitting banks

Hungary passes new law helping borrowers, hitting banks

Hungary's parliament adopted a law on Wednesday compelling banks to pay compensation of about 3.2 billion euros ($4.1 billion) to borrowers hit by past interest rate hikes on loans deemed unfair by authorities. The legislation was backed by 167 lawmakers
Published 25 Sep, 2014 12:00am
As risks multiply, NGOs reassess security in Middle East

As risks multiply, NGOs reassess security in Middle East

Aid agencies are tightening security measures in the Middle East and increasingly outsourcing work to local organisations to limit their exposure to multiplying risks across the region. Most if not all international NGOs had already stopped sending expatr
Published 25 Sep, 2014 12:00am
Air France resumes talks with pilots as strike deepens

Air France resumes talks with pilots as strike deepens

Air France said Wednesday it would resume talks to solve a bitter and costly strike as confusion swirled over the fate of the low-cost subsidiary at the core of its dispute with pilots. The decision to pick up negotiations which hit an impasse earlier thi
Published 25 Sep, 2014 12:00am
Belgium to offer fighter jets for Islamic State strikes

Belgium to offer fighter jets for Islamic State strikes

Belgium plans to send six F-16 fighter jets to join the US-led coalition against the Islamic State militant group but will limit their use to Iraq, the government said. The Belgian parliament must still approve the move, which follows a formal request fro
Published 25 Sep, 2014 12:00am
Eastern Germany still lags 25 years after Berlin Wall's fall

Eastern Germany still lags 25 years after Berlin Wall's fall

Twenty-five years after the fall of the Berlin Wall, the economy of Germany's ex-communist East is still struggling to catch up to the former West's, the government said Wednesday. Despite progress, Germany's five states that were behind the Iron Curtain
Published 25 Sep, 2014 12:00am
Jordan king urges international defeat of jihadists

Jordan king urges international defeat of jihadists

Jordan's King Abdullah II, a key US ally in the fight against jihadists in Iraq and Syria, called Wednesday for a collective strategy to defeat militants who threaten global security. "The terrorists and criminals targeting Syria, Iraq and other countries
Published 25 Sep, 2014 12:00am
Hong Kong students march on financial district

Hong Kong students march on financial district

Striking students marched on Hong Kong's financial district Wednesday, taking their protest for greater democratic rights to the commercial centre for the first time. Student groups are currently spearheading a civil disobedience campaign by a coalition o
Published 25 Sep, 2014 12:00am
Nato sees significant pullback of Russian troops from Ukraine

Nato sees significant pullback of Russian troops from Ukraine

Nato has observed a significant withdrawal of Russian forces from inside Ukraine, but many Russian troops remain stationed nearby, an alliance military spokesman said on Wednesday. "There has been a significant pullback of Russian conventional forces from
Published 25 Sep, 2014 12:00am
Police in US capital put body cameras to the test

Police in US capital put body cameras to the test

Washington's city police force began putting body cameras to the test Wednesday, making the US capital the latest to use video technology as a routine part of law enforcement. Under a $1 million program, volunteers within the Metropolitan Police Departmen
Published 25 Sep, 2014 12:00am
Water vapour found at distant Neptune-sized planet

Water vapour found at distant Neptune-sized planet

In a technical feat, astronomers said Wednesday they had detected water vapour in the atmosphere of a planet the size of Neptune orbiting a star some 130 light years from Earth. It is the smallest and coldest exoplanet - a world outside our Solar System -
Published 25 Sep, 2014 12:00am
Japan slaps more sanctions on Russia over Ukraine

Japan slaps more sanctions on Russia over Ukraine

Japan hit Russia with further sanctions on Wednesday over the crisis in Ukraine, in a further blow to efforts to end a longstanding territorial row between the pair. The fresh penalties, targeting exports of military equipment and technology to Russia, co
Published 25 Sep, 2014 12:00am
Austria to challenge 'scandalous' British nuclear deal

Austria to challenge 'scandalous' British nuclear deal

Austria will launch a legal challenge if the European Commission approves Britain's ambitious plan to build its first new nuclear plant in a generation, Vienna's environment minister said Wednesday. To the alarm of environmentalists, a spokesman for EU Co
Published 25 Sep, 2014 12:00am
Japan's Prime Minister wife tells of pain of political life

Japan's Prime Minister wife tells of pain of political life

Japan's First Lady Akie Abe, taking on a rare public role overseas, told a US audience on Wednesday about her deep unhappiness after her husband's first stint in power. Akie Abe - who has softened the Japanese leader's hawkish image through outspoken stat
Published 25 Sep, 2014 12:00am
ICC formally probes 'endless list' of Central Africa atrocities

ICC formally probes 'endless list' of Central Africa atrocities

The International Criminal Court has opened a formal investigation into an "endless list" of atrocities committed in the Central African Republic, prosecutor Fatou Bensouda said on Wednesday. "My office has gathered and scrupulously analysed relevant info
Published 25 Sep, 2014 12:00am
Jihadists behead Frenchman seized in Algeria

Jihadists behead Frenchman seized in Algeria

Jihadists linked to the Islamic State group beheaded a Frenchman abducted in Algeria in a video posted online Wednesday, but President Francois Hollande vowed France would not give in to blackmail. Hollande said the "cruel and cowardly" murder of Herve Go
Published 25 Sep, 2014 12:00am
China to free up domestic courier market

China to free up domestic courier market

China said on Wednesday it would allow qualified foreign couriers to deliver packages in its domestic market, potentially hotting up competition in a fast-growing business already marked by bruising price wars. The State Council, or cabinet, said it had d
Published 25 Sep, 2014 12:00am
Nigeria military claims Boko Haram leader dead

Nigeria military claims Boko Haram leader dead

Nigeria's military on Wednesday claimed for the first time that Boko Haram leader Abubakar Shekau was dead, as it said troops had killed a lookalike who had been posing as the militant commander. Defence spokesman Chris Olukolade told reporters in Abuja t
Published 25 Sep, 2014 12:00am
Cleric Abu Qatada walks free from Jordan

Cleric Abu Qatada walks free from Jordan

Muslim cleric Abu Qatada walked free from a Jordanian jail on Wednesday after being cleared of charges of conspiring in a plot to attack tourists - his second acquittal this year following a long extradition process from Britain. The state security court
Published 25 Sep, 2014 12:00am
Mexico lawmaker, aide killed; bodies burned

Mexico lawmaker, aide killed; bodies burned

Mexican authorities confirmed Wednesday that a federal lawmaker was killed and burned after being abducted in broad daylight, shocking his ruling party amid government assurances that violence is down. Deputy Gabriel Gomez Michel was driving to the airpor
Published 25 Sep, 2014 12:00am
Europe-wide organised crime sweep nets 1,000 suspects

Europe-wide organised crime sweep nets 1,000 suspects

European police made more than 1,000 arrests in a 10-day, continent-wide sweep against organised crime this month that netted suspected people traffickers and cocaine smugglers, law enforcement officials said on Wednesday. The operation was carried out in
Published 25 Sep, 2014 12:00am
Shanghai copper flat

Shanghai copper flat

The most traded December copper contract on the Shanghai Futures Exchange was flat at 47,990 yuan ($7,820) a tonne on Wednesday as more evidence of brighter economic prospects in the United States failed to overcome jitters over Chinese growth and swellin
Published 25 Sep, 2014 12:00am
Corn and soya sink to four-year lows

Corn and soya sink to four-year lows

US corn and soyabean futures fell to four-year lows on Tuesday as mild and mostly dry weather across the US Midwest is expected to boost the harvest of record crops. Wheat fell in tandem with retreating corn and soya, anchored by plentiful global supplies
Published 25 Sep, 2014 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose on Wednesday, fuelled by optimism that robust export demand amid easing palm production in September would help curb a rise in stockpiles in the world's second-largest grower. The Malaysian Palm Oil Association, a group of
Published 25 Sep, 2014 12:00am
Cocoa at 3-1/2-year high on Ebola fears

Cocoa at 3-1/2-year high on Ebola fears

Cocoa futures jumped on Wednesday, resuming a sharp uptrend and peaking at a 3-1/2-year high, on fears of Ebola spreading in West Africa, potentially hindering cocoa exports from the top growing region. Arabica coffee on ICE Futures US surged nearly 5 per
Published 25 Sep, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Tuesday after the first US-led airstrikes against Islamic State and other militants inside Syria, but early gains evaporated amid a lack of follow through buying. "Gold's response was anemic - The market was unable to expand its rally overnig
Published 25 Sep, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold added to overnight gains on Wednesday as Asian shares retreated, but investors remained cautious amid a firmer dollar and upbeat US manufacturing data that kept prices near their lowest since January. Spot gold edged up 0.2 percent to $1,224.85 an ou
Published 25 Sep, 2014 12:00am
Gold down in Europe

Gold down in Europe

Gold edged lower on Wednesday as the dollar climbed to levels not seen in four years and global shares rebounded, while investors remained cautious ahead of US economic data due later in the week. Spot gold, stronger initially, fell to a session low of $1
Published 25 Sep, 2014 12:00am
US MIDDAY: wheat jumps

US MIDDAY: wheat jumps

US wheat futures jumped more than 1 percent on Wednesday as a recent plunge to four-year lows encouraged investors to cover short positions as the lower prices sparked improved export demand. Corn and soyabean futures also ticked higher in a short-coverin
Published 25 Sep, 2014 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell early on Wednesday as the dollar climbed to levels not seen in four years and global shares rebounded, while investors remained cautious ahead of US economic data due later in the week. Bullion's safe-haven appeal dropped after data showed sales
Published 25 Sep, 2014 12:00am
Cotton falls to five-year low

Cotton falls to five-year low

Cotton futures fell to their lowest levels in five years on Wednesday on fears of reduced global demand in response to top consumer China's plans to set a quota on imports. The most-active December cotton contract on ICE Futures US tumbled 2.8 percent to
Published 25 Sep, 2014 12:00am
Nickel up, copper down

Nickel up, copper down

Nickel rose on Wednesday as investors saw a recent slide in prices as a buying opportunity ahead of expected shortages, while copper recovered after hitting a fresh three-month low as uncertainly about global growth weighed on markets.
Published 25 Sep, 2014 12:00am
Brent rebounds, US crude gains as spread dips below $4

Brent rebounds, US crude gains as spread dips below $4

Crude oil futures on both sides of the Atlantic settled higher on Wednesday, shrugging off early losses after a report showed an unexpected drawdown in crude oil inventories in the United States, the world's largest oil consumer. Mounting tensions in the
Published 25 Sep, 2014 12:00am
Rubber hits five-year low

Rubber hits five-year low

Tokyo rubber futures hit a fresh 5-year low on Wednesday on persistent fears of weak demand from China and falling oil prices, dealers said. The Tokyo Commodity Exchange rubber contract for February delivery slipped 0.1 yen to settle at 183.4 yen per kg.
Published 25 Sep, 2014 12:00am
Overall law and order in Karachi satisfactory: IGP

Overall law and order in Karachi satisfactory: IGP

Inspector General Police (IGP) Sindh, Ghulam Haider Jamali, has said that overall law and order situation in Karachi is satisfactory. The IGP said that there was no major incident in Karachi, while several criminals had been killed and arrested. "Several
Published 25 Sep, 2014 12:00am
CDNS asked to make its schemes more competitive

CDNS asked to make its schemes more competitive

Finance Minister Ishaq Dar on Wednesday directed the Central Directorate of National Savings (CDNS) to make its schemes more competitive and ensure facilitating customers. Chairing a meeting held to review the overall working and functioning of CDNS, Dar
Published 25 Sep, 2014 12:00am
CJP seeks comments on appointment of Drug Court chief

CJP seeks comments on appointment of Drug Court chief

The Chief Justice of Pakistan Nasirul Mulk on Wednesday sought comments of the federal law secretary on the appointment of Dr Faaiz Ali Syed as Chairman Drug Court Islamabad. The sources told Business Recorder that the Chief Justice took notice of
Published 25 Sep, 2014 12:00am
MQM flays Sindh government for corruption, nepotism

MQM flays Sindh government for corruption, nepotism

Muttahida Qaumi Movement leader Muhammad Hussain on Wednesday strongly criticised Sindh government for alleged corruption, nepotism and mismanagement and its failure to address issues of Urban Sindh, especially Karachi. Addressing a press conference at Ka
Published 25 Sep, 2014 12:00am
Hindu traders in Umerkot: new committee formed to probe killing

Hindu traders in Umerkot: new committee formed to probe killing

The Sindh government has announced to constitute a new inquiry committee under the head of Deputy Inspector General (DIG) of Police (South) Karachi, Abdul Khaliq Shaikh, to investigate into the murder of two Hindu brothers in Umerkot and asked him to subm
Published 25 Sep, 2014 12:00am
NA-149 by-poll: President approves Appellate Tribunal

NA-149 by-poll: President approves Appellate Tribunal

President Mamnoon Hussain, on the advice of the Prime Minister, has approved the nomination of Appellate Tribunal for disposal of appeals against the decisions of Returning Officer rejecting/accepting nomination papers for Bye-election to the National Ass
Published 25 Sep, 2014 12:00am
CoAS visits Gilgit

CoAS visits Gilgit

Chief of Army Staff (CoAS) General Raheel Sharif visited Gilgit and attended the annual commanding officers conference held at the Northern Light Infantry Regimental Centre, Bunji, says a press release issued here on Wednesday. On arrival, Chief of Army S
Published 25 Sep, 2014 12:00am
GlaxoSmithKline Pakistan Limited

GlaxoSmithKline Pakistan Limited

Following the merger of Glaxo Wellcome and SmithKline Beecham in 2001, GlaxoSmithKline came into being. Since then GSK, by expanding tremendously over the years, has now become a pharmaceutical giant in Pakistan's pharmaceutical industry.
Published 25 Sep, 2014 12:00am
GlaxoSmithKline Pakistan Limited

GlaxoSmithKline Pakistan Limited

Following the merger of Glaxo Wellcome and SmithKline Beecham in 2001, GlaxoSmithKline came into being. Since then GSK, by expanding tremendously over the years, has now become a pharmaceutical giant in Pakistan's pharmaceutical industry.
Published 25 Sep, 2014 12:00am
Call to give Sindhi language status of national language

Call to give Sindhi language status of national language

Speakers on Wednesday called for giving Sindhi language the status of national language and making it compulsory at school level across Sindh instead of providing basic education in English.
Published 25 Sep, 2014 12:00am
Standard Chartered, Unilever Pakistan sign agreement

Standard Chartered, Unilever Pakistan sign agreement

Standard Chartered, the largest international Bank in Pakistan, and Unilever Pakistan Limited, one of the largest consumer goods company in Pakistan, signed an agreement for collections implementation, where Virtual Accounts technology is used to collect
Published 25 Sep, 2014 12:00am
PIA registers 12 percent growth in January-June 2014 revenue

PIA registers 12 percent growth in January-June 2014 revenue

Pakistan International Airlines (PIA) steadfastly is continuing on the path of recovery, as in the last six months revenue of the national flag carrier increased by Rs 6 billion or 12 percent to Rs 53.4 billion against Rs 47.6 billion earned in the first
Published 25 Sep, 2014 12:00am
HCCI assured of clearance of refund claims

HCCI assured of clearance of refund claims

Regional Chief Commissioner Inland Revenue, Federal Board of Revenue, Khawar Saeed Akhtar has asked the Hyderabad Chamber of Commerce and industry to provide the list of tax payers whose refunds are due so that their refunds could be cleared. He said this
Published 25 Sep, 2014 12:00am
Khalil Qaiser elected as PYMA chairman

Khalil Qaiser elected as PYMA chairman

Sheikh Khalil Qaiser was elected Central Chairman of Pakistan Yarn Merchants Association (PYMA). PYMA announced the result of annual election 2014-15 of office-bearers and members central executive committee and zonal executive committees.
Published 25 Sep, 2014 12:00am
History of Sindh: Endowment Fund to launch three books tomorrow

History of Sindh: Endowment Fund to launch three books tomorrow

The Endowment Fund Trust is launching three important books on the history of Sindh at Mohatta Palace Museum here on Friday. The books include an original work on the art and architecture of Sindh, an important addition to literature on the vanishing hist
Published 25 Sep, 2014 12:00am
United Panel wins PFVA elections

United Panel wins PFVA elections

The United Panel led by Waheed Ahmed swept the Pakistan Fruit, Vegetable Exporters, Importers & Merchants Association (PFVA) elections 2015 held simultaneously in Karachi and Sargodha on September 23. All the six corporate members and five associate membe
Published 25 Sep, 2014 12:00am
Baig calls on TDAP CEO

Baig calls on TDAP CEO

Leading industrialist and Honorary Consul General of Kingdom of Morocco, Ishtiaq Baig, called on CEO Trade Development Authority of Pakistan (TDAP) S. M. Muneer at TDAP Head Office and discussed with him the possibility of increasing the bilateral trade b
Published 25 Sep, 2014 12:00am
Nine members of PCDMA executive committee elected unopposed

Nine members of PCDMA executive committee elected unopposed

All nine members of executive committee of Pakistan Chemicals and Dyes Merchant Association (PCDMA) were elected unopposed for two years' term, 2014-16. The Election Committee received a total of six nomination papers against four vacant seats of corporat
Published 25 Sep, 2014 12:00am
Talent Expo attracts students

Talent Expo attracts students

A large number of students of universities and colleges visited the 'Talent Expo Karachi 2014' (Tek14) on its first day. The event being held at Expo Centre has been organized by the Study Aid Project (SAP) of Islami Jamiat Talaba (IJT). Federal Minister
Published 25 Sep, 2014 12:00am
BMA Capital honoured at CFA Awards

BMA Capital honoured at CFA Awards

BMA Capital Management Limited has been recognised at the CFA Excellence Awards organised by the CFA Society Pakistan recently. BMA Capital's nominated Analyst Azfer Naseem, CFA, was awarded the 'Best Equity Research Analyst for Year 2013 - Runner Up' and
Published 25 Sep, 2014 12:00am
Foreign fighters - stands with world to counter threats

Foreign fighters - stands with world to counter threats

Foreign Secretary, Aizaz Ahmad Chaudhry said Pakistan stood with the international community in dealing effectively with issues of kidnapping for ransom, and the threat posed by the foreign terrorist fighters. He was speaking at the Fifth Ministerial Meet
Published 25 Sep, 2014 12:00am
Pakistan calls for climate change accord at UN Summit

Pakistan calls for climate change accord at UN Summit

Describing Climate Change as "the defining unresolved issue", Pakistan has called for an international agreement to cap greenhouse gas emissions and help avert some of the adverse effects of this menace. "We have a historic opportunity to arrest and rever
Published 25 Sep, 2014 12:00am
Justice Yahya made Acting PHC CJ

Justice Yahya made Acting PHC CJ

President Mamnoon Hussain on the advice of the Prime Minister has approved appointment of Justice Yahya Afridi, Senior Judge of the Peshawar High Court, as Acting Chief Justice of the Peshawar High Court, from September 26 to October 2, 2014. Justice Mazh
Published 25 Sep, 2014 12:00am
Police arrest 93 alleged criminals in raids, encounters

Police arrest 93 alleged criminals in raids, encounters

Karachi Police on Thursday arrested around 93 alleged criminals in targeted raids and encounters conducted in different areas of the metropolis during last 24 hours. Police said that some 107 raids and five encounters were carried out as part of Karachi o
Published 25 Sep, 2014 12:00am
Karachi violence claims three more lives

Karachi violence claims three more lives

Three people were killed and three others were injured in separate incidents of violence here on Thursday. According to police and rescue sources, Muhammad Qasim, son of Muhammad Mushtaq, was shot and killed by unknown persons in Malir, in the jurisdictio
Published 25 Sep, 2014 12:00am
TY13 audit cases: FBR to hold computer balloting today

TY13 audit cases: FBR to hold computer balloting today

The Federal Board of Revenue (FBR) will hold a computer balloting on Thursday (September 25) for selection of audit cases up to 12 percent of total returns filed by taxpayers for the Tax Year 2013 (Income Tax)/Tax Period July 1, 2012 to June 30, 2013 (Sal
Published 25 Sep, 2014 12:00am
Poliovirus detected in Quetta

Poliovirus detected in Quetta

Poliovirus was detected in a two-year-old child in Kharotabad area of the provincial capital. Officials in the Health Department on Wednesday confirmed the detection of polio virus in Quetta. Yes, polio virus was found in a two-year-old child identified a
Published 25 Sep, 2014 12:00am
Indian-held Kashmir: Senate body concerned over relief efforts

Indian-held Kashmir: Senate body concerned over relief efforts

The Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan has expressed its concern over relief efforts for flood-affected people in Indian-occupied Kashmir and decided to lodge a formal protest to India through the Foreign Office. The Committ
Published 25 Sep, 2014 12:00am
Monsoon Tree Plantation: Over 500,000 saplings planted

Monsoon Tree Plantation: Over 500,000 saplings planted

Chief Conservator Forests Dr Muhammad Rafique has said that over 500,000 saplings have so far been planted under Monsoon Tree Plantation campaign 2014 in North Forest Zone. In a statement issued here on Wednesday he said the target of 1.5 million saplings
Published 25 Sep, 2014 12:00am
Bilawal denies issuing orders to IG Sindh

Bilawal denies issuing orders to IG Sindh

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday said that it is not him who issued orders to Sindh police chief for recruitment of women in police but it was his party's policy. "It's not my wish it's party policy," Bilawal post
Published 25 Sep, 2014 12:00am
Prime Minister's discretionary powers: notices issued to Raja, others

Prime Minister's discretionary powers: notices issued to Raja, others

Resuming the hearing of federation's review petition against apex court's verdict that had barred prime minister from exercising discretionary powers to grant development funds, a three-member bench on Wednesday issued notices to former prime minister Raj
Published 25 Sep, 2014 12:00am
Conference on Islamic banking held at UMT

Conference on Islamic banking held at UMT

University of Management and Technology held its 1st National Conference on Islamic Banking and Finance at its premises. Renowned scholars, economists, researchers, and representatives of various Islamic institutions and banks participated in the conferen
Published 25 Sep, 2014 12:00am
BISP consultants urged to improve performance

BISP consultants urged to improve performance

An internal meeting at headquarters of Benazir Income Support Programme (BISP) was chaired by Chairman BISP, Enver Baig. The meeting was attended by Director Generals and consultants hired by BISP. In his remarks, Chairman BISP explained that the purpose
Published 25 Sep, 2014 12:00am
Weather advisory for farmers

Weather advisory for farmers

The Meteorological department has issued weather advisory for farmers till 30 September predicting mostly dry weather is expected during this period. However rain thunder showers are expected over upper half of the agricultural plains of the province incl
Published 25 Sep, 2014 12:00am
24kg heroin recovered Pakistani arrested at Dubai airport

24kg heroin recovered Pakistani arrested at Dubai airport

A Pakistani citizen in Dubai was arrested over charge of attempt to smuggle heroin here on Wednesday. According to Dubai customs authority, the accused came in Dubai from Pakistan on visit visa. Dubai airport custom authority upon search recovered 24 kilo
Published 25 Sep, 2014 12:00am
Former CJP to file defamation case against Imran

Former CJP to file defamation case against Imran

A legal team of former Chief Justice of the Supreme Court Iftikhar Muhammad Chaudhry has decided to file a defamation case against chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan in the first week of October. Iftikhar Chaudhry's legal team told a priva
Published 25 Sep, 2014 12:00am
'First half-yearly instalment issued to 44 hospitals'

'First half-yearly instalment issued to 44 hospitals'

Provincial Minister for Zakat and Ushr Malik Nadeem Kamran said the first half-yearly instalment of Rs 124.4 millions has been issued to 44 hospitals of the province for the provision of treatment facilities to the deserving patients and cheques have been
Published 25 Sep, 2014 12:00am
PML-Q demands formation of 'national government'

PML-Q demands formation of 'national government'

Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain has said his party demanded the formation of a 'national government' comprising all parties, including PML-N, to "solve the recurring political problems" immediately. He was responding to
Published 25 Sep, 2014 12:00am
Rasheed Janmohammad elected BQATI President

Rasheed Janmohammad elected BQATI President

Elections for the Managing Committee of Bin Qasim Association of Trade and Industry (BQATI) for the term of 2014-16 were held with the closing date, the following candidates have been declared elected unopposed as Members of the Managing Committee. The Ma
Published 25 Sep, 2014 12:00am
Prime Minister arrives in New York

Prime Minister arrives in New York

Prime Minister Nawaz Sharif flew into New York Wednesday afternoon to lead Pakistan's delegation to the 69th UN General Assembly session, during which he will highlight Pakistan's position on international issues and hold a series of bilateral meetings wi
Published 25 Sep, 2014 12:00am
The other 'what ifs'

The other 'what ifs'

On September 18, India's High Commissioner Dr TCA Raghavan addressed a gathering of the English Speaking Union of Pakistan in Karachi. Quite appropriately, his speech focused on 'Current trend in Indo-Pak Relations', and its contents were widely covered b
Published 25 Sep, 2014 12:00am
Japan's bullet train hits half century

Japan's bullet train hits half century

Fifty years ago, the first bullet train pulled out of Tokyo station and hurtled across the countryside, heralding Japan's arrival as a modern economic powerhouse with a transport system soon to become the envy of the world. Less than two decades after a b
Published 25 Sep, 2014 12:00am
Compulsory convertible debenture and their status under income tax laws

Compulsory convertible debenture and their status under income tax laws

Convertible Debenture is a type of loan issued by a company that can be converted into stock by the holder and, under certain circumstances, the issuer of the bond. By adding the convertibility option the issuer pays a lower interest rate on the loan comp
Published 25 Sep, 2014 12:00am
The news that's unfit to lead headlines

The news that's unfit to lead headlines

The manner in which the news of latest army promotions and postings hit the print and electronic media headlines says something about the state of democracy in this country. Five two-star generals, we are informed, have been promoted to three-star rank. O
Published 25 Sep, 2014 12:00am
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