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Print - 2015-01-08
Altaf demands immediate arrest of Maulana Aziz

Altaf demands immediate arrest of Maulana Aziz

Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Wednesday said that it is highly unlikely that angels would descend from the heavens to protect Pakistan and that the government should take strong decisions to put an end to religious hatred. He expre
Published 08 Jan, 2015 12:00am
Shahbaz pays five-hour visit to Elite Police Training School

Shahbaz pays five-hour visit to Elite Police Training School

Punjab Chief Minister Muhammad Shahbaz Sharif paid a five hours long visit to Elite Police Training School Badian Road Wednesday and besides inspecting the training programme of the under-training corporals also reviewed overall law and order situation an
Published 08 Jan, 2015 12:00am
PILDAT to release first Citizens' Report on performance of PIPS

PILDAT to release first Citizens' Report on performance of PIPS

Pakistan Institute of Legislative Development and Transparency (PILDAT) will launch the first Citizens' Report on The Performance of the Pakistan Institute for Parliamentary Services (PIPS), and a paper examining the role of a similar institute in India -
Published 08 Jan, 2015 12:00am
MTBs auction: cut-off yields decline by up to 34 basis points

MTBs auction: cut-off yields decline by up to 34 basis points

The cut-off yield of Market Treasury Bills (MTBs) declined up to 34 basis points (bps) in the auction held on Wednesday. The State Bank of Pakistan (SBP) conducted the auction for the sale of 3-month, 6-month and 12-month Government of Pakistan Market Tre
Published 08 Jan, 2015 12:00am
MTBs auction: cut-off yields decline by up to 34 basis points

MTBs auction: cut-off yields decline by up to 34 basis points

The cut-off yield of Market Treasury Bills (MTBs) declined up to 34 basis points (bps) in the auction held on Wednesday. The State Bank of Pakistan (SBP) conducted the auction for the sale of 3-month, 6-month and 12-month Government of Pakistan Market Tre
Published 08 Jan, 2015 12:00am
Pakistan's envoy to Germany meets Mayor of Hamburg

Pakistan's envoy to Germany meets Mayor of Hamburg

Pakistan's Ambassador to Germany, Syed Hasan Javed called on Mayor of the Port City of Germany, Hamburg, Senator Ms. Dorothee Staperlfeldt on Wednesday and exchanged views on matters of mutual interest with special reference to trade and economic relation
Published 08 Jan, 2015 12:00am
Pakistan wants to improve trade ties with Bahrain: Prime Minister

Pakistan wants to improve trade ties with Bahrain: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Wednesday said that Pakistan is keen to work with Bahrain to further improve economic relations. In a one-on-one meeting with Shaikh Khalifa bin Salman Al-Khalifa here at the Gudabiya Palace, Prime Minister Sharif s
Published 08 Jan, 2015 12:00am
Obama takes US economic bright spell on the road

Obama takes US economic bright spell on the road

Riding high on a stronger economy, President Barack Obama is setting out on a US tour to highlight the improved numbers, with hopes that his approval rating follows suit. A newly elected Congress led by Obama's Republican opponents and forthcoming 2016 el
Published 08 Jan, 2015 12:00am
China and Venezuela to step up cooperation

China and Venezuela to step up cooperation

China and Venezuela will step up co-operation this year, Presidents Xi Jinping and Nicolas Maduro said in Beijing Wednesday as falling oil prices threaten the Latin American nation's economy.
Published 08 Jan, 2015 12:00am
European airlines 'cannot keep up': Qatar Airways chief

European airlines 'cannot keep up': Qatar Airways chief

Qatar Airways chief Akbar al-Baker boasted Wednesday that European carriers "cannot keep up" with competition from Gulf carriers, as his fast-growing airline welcomed the first Airbus A350 plane.
Published 08 Jan, 2015 12:00am
German labour market undaunted by economic weakness

German labour market undaunted by economic weakness

The German labour market continued to shine in December, shrugging off current economic weakness, with unemployment now at its lowest level since unification, official data showed on Wednesday.
Published 08 Jan, 2015 12:00am
Trade, employment data boost US economy's fundamentals

Trade, employment data boost US economy's fundamentals

The US trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, prompting economists to sharply raise their growth estimates for fourth-quarter growth.
Published 08 Jan, 2015 12:00am
Italy jobless at new record high in headache for Renzi

Italy jobless at new record high in headache for Renzi

Italy's unemployment rate hit a new record high in November, increasing pressure on Matteo Renzi as he struggles to implement reforms aimed at easing a downturn in the eurozone's third largest economy. The jobless rate rose to 13.4 percent in November, up
Published 08 Jan, 2015 12:00am
EU publishes confidential papers to defend US trade deal

EU publishes confidential papers to defend US trade deal

The European Union made public on Wednesday confidential papers being used to negotiate a free trade deal with the United States, an unprecedented step to deflect criticism from anti-globalisation campaigners that Brussels is drawing up the world's larges
Published 08 Jan, 2015 12:00am
Canada's trade deficit bigger than forecast

Canada's trade deficit bigger than forecast

The retreat of oil prices helped push Canada's trade deficit to near a two-year high in November, signalling the challenges that cheaper crude pose for the petroleum-exporting nation. Statistics Canada reported on Wednesday that the November deficit jumpe
Published 08 Jan, 2015 12:00am
French union boss to put job on line over huge expenses

French union boss to put job on line over huge expenses

The head of France's biggest union said Tuesday he will put his job on the line after coming under fire for running up tens of thousands of euros in expenses. Thierry Lepaon, who leads the powerful CGT union, claimed 105,000 euros ($125,000) to renovate h
Published 08 Jan, 2015 12:00am
Dubai leads gains as Gulf markets rebound

Dubai leads gains as Gulf markets rebound

Most Gulf stock markets rebounded on Wednesday after suffering sharp losses earlier in the week because of the renewed slide in oil prices. Brent futures have fallen more than 10 percent this week to their lowest levels since the spring of 2009, and brief
Published 08 Jan, 2015 12:00am
Tokyo stocks mixed

Tokyo stocks mixed

Tokyo's Nikkei 225 index finished in positive territory Wednesday on bargain buying after several days of losses, with Sony rallying more than four percent on news its North Korea satire "The Interview" was now its best-grossing online film ever. The benc
Published 08 Jan, 2015 12:00am
Wall Streets ends down 5th session

Wall Streets ends down 5th session

US stocks ended lower for a fifth session on Tuesday as data showed slower growth in the US service sector and oil prices fell further. The S&P 500's losing streak was its longest in about 13 months, but the index ended off the day's lows, having fallen a
Published 08 Jan, 2015 12:00am
South Korean shares edge up

South Korean shares edge up

South Korean shares rebounded from early losses to sneak into positive territory on Wednesday, helped by bargain hunting of battered stocks a day after the market suffered its biggest one-day slump in a year. The Korea Composite Stock Price Index (KOSPI)
Published 08 Jan, 2015 12:00am
Long bond yield nears landmark low

Long bond yield nears landmark low

Long-dated US Treasury prices jumped on Tuesday, pushing 30-year yields near record lows, as worries about tumbling oil prices and weak global growth pushed investors toward safer government debt. Price gains were strongest in 30-year bonds, which were la
Published 08 Jan, 2015 12:00am
Long bond yield nears landmark low

Long bond yield nears landmark low

Long-dated US Treasury prices jumped on Tuesday, pushing 30-year yields near record lows, as worries about tumbling oil prices and weak global growth pushed investors toward safer government debt. Price gains were strongest in 30-year bonds, which were la
Published 08 Jan, 2015 12:00am
South African stocks rise

South African stocks rise

South African stocks rose for a second-straight session on Wednesday, led by blue chip heavyweight Naspers after its Chinese money-spinner Tencent launched its first private online bank. E-commerce and media firm Naspers, Africa's biggest company by marke
Published 08 Jan, 2015 12:00am
Australian shares down

Australian shares down

Australian shares dropped slightly on Wednesday despite recouping some their morning losses as energy-related stocks continued to suffer on the back of sliding oil prices. Bargain hunters picked up banks and junior miners in afternoon session, helping to
Published 08 Jan, 2015 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

Sri Lankan stocks rose to a more than six-week closing high on Wednesday, as investors picked up beaten-down shares a day ahead of a tight presidential election. The main stock index closed 0.25 percent, or 18.38 points, firmer at 7,438.52, its highest cl
Published 08 Jan, 2015 12:00am
Indian shares down

Indian shares down

Indian shares fell to their lowest level in nearly three weeks on Wednesday as stocks favoured by overseas investors such as ICICI Bank declined, following heavy foreign sales in derivatives and cash shares in the previous session. Foreign investors sold
Published 08 Jan, 2015 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares finished higher on Wednesday, shrugging off any negative impact from losses in US markets as regional bourses steadied after recent falls. Analysts said the Hang Seng Index rose on a technical rebound after falling towards its 250-day ave
Published 08 Jan, 2015 12:00am
European shares rise

European shares rise

European shares rose on Wednesday, halting a three-day slide, after a report showed consumer prices fell more than expected, increasing the chances the European Central Bank would begin a long-awaited bond-buying scheme.
Published 08 Jan, 2015 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 0.19 percent on Wednesday, outperforming other regional bourses and Wall Street, lifted by major smartphone chip designer MediaTek Inc. As of 0155 GMT, the main TAIEX index was up 16.93 points at 9065.27, after dropping 2.43 percent on
Published 08 Jan, 2015 12:00am
China stocks soar

China stocks soar

China stocks closed up on Wednesday, hovering around five-year highs, with brokerage shares strengthening after the regulator said it planned to relax rules for securities firms to set up subsidiaries and on background requirements for shareholders.
Published 08 Jan, 2015 12:00am
SE Asian markets: Thai index snaps losing streak

SE Asian markets: Thai index snaps losing streak

Thai stocks snapped four days of losses on Wednesday as bargain hunting emerged in banks after positive consumer confidence data in December while Malaysian shares trimmed losses amid a rise in the ringgit and strong trade data in November.
Published 08 Jan, 2015 12:00am
FTSE share index ends higher on ECB stimulus hopes

FTSE share index ends higher on ECB stimulus hopes

Britain's top equity index gained nearly 1 percent on Wednesday, rebounding from a three-week low as euro zone consumer price data raised expectations of new stimulus from the European Central Bank. The blue chip FTSE 100 index, which had fallen in the la
Published 08 Jan, 2015 12:00am
Former LCCI official's death condoled

Former LCCI official's death condoled

The Lahore Chamber of Commerce and Industry (LCCI) has expressed deep grief and sorrow over demise of former LCCI Executive Committee Member Anwar A Sheikh. LCCI President Ijaz A Mumtaz, Senior Vice President Nauman Kabir and Vice President Syed Mahmood G
Published 08 Jan, 2015 12:00am
NAB recovers Rs 1.2 million from the accused

NAB recovers Rs 1.2 million from the accused

National Accountability Bureau (NAB) Khyber Pakhtunkhwa recovered Rs 1.2 million each from Ali Akbar and Syed Younis Shah Training Coordinators of FATA Rural Development Project of Bajour and Mohmand Agency. An investigation against officers / officials o
Published 08 Jan, 2015 12:00am
PYMA seeks economic emergency plan

PYMA seeks economic emergency plan

Pakistan Yarn Merchants Association (PYMA) has urged the government to announce a national economic emergency plan on the lines of National Action Plan (NAP) to combat the economic stagnancy in the country. This was stated by Central Chairman Qaisar Shams
Published 08 Jan, 2015 12:00am
FBR dismisses four customs officers

FBR dismisses four customs officers

The Federal Board of Revenue (FBR) has dismissed four customs officers including examiner, inspectors and superintendent from services with immediate effect. In this regard, the FBR has issued four notifications here on Wednesday.
Published 08 Jan, 2015 12:00am
Wattoo lauds unity demonstrated by political leadership

Wattoo lauds unity demonstrated by political leadership

President Punjab PPP Mian Manzoor Ahmed Wattoo has appreciated the unprecedented unity demonstrated by the entire political leadership of the country focused to wipe out terrorists of the face of the country who want to impose their toxic ideology at gun
Published 08 Jan, 2015 12:00am
Annual Status of Education Report 2014 being launched today

Annual Status of Education Report 2014 being launched today

The fifth Annual Status of Education Report (ASER) 2014 is being launched in Islamabad on Thursday (today) that has been based on the information of 279,427 children of 3-16 years of age on 13 different aspects including access to schools, learning levels
Published 08 Jan, 2015 12:00am
Custody case: LHC asks police to produce mother of two children

Custody case: LHC asks police to produce mother of two children

The Lahore High Court here on Wednesday directed SSP Operations to produce the mother of two children Amna 05 and Umar 06 before the court on January 09 who refused to take her children in her custody. The petition was filed by the children seeking direct
Published 08 Jan, 2015 12:00am
SME sector could benefit country through industrial clustering: PCJCCI

SME sector could benefit country through industrial clustering: PCJCCI

President of Pak-China Joint Chamber of Commerce and Industry (PCJCCI) Shah Faisal Afridi has said that Pakistan could get magnificently benefit from its SME sector through the development of industrial clustering which refers to various industrial coloni
Published 08 Jan, 2015 12:00am
At least 300bps cut in policy rate direly needed: LCCI chief

At least 300bps cut in policy rate direly needed: LCCI chief

Lahore Chamber of Commerce and Industry (LCCI) President Ijaz A Mumtaz has said that at least 300 basis point cut in policy rate is direly needed to jumpstart the trade and economic activities in the country. Existing 9.50 policy rate is not compatible wi
Published 08 Jan, 2015 12:00am
LG unveils new G Flex2 at CES Fair

LG unveils new G Flex2 at CES Fair

LG Electronics (LG) unveils new G Flex2 at the 2015 International CES in Las Vegas. The original G Flex earned positive reviews for its innovative design and outside-the-box thinking. One year later, the G Flex2 improves upon its predecessor in every way
Published 08 Jan, 2015 12:00am
Security beefed up at LGH

Security beefed up at LGH

Post Graduate Medical Institute (PGMI) and Lahore General Hospital (LGH) Principal Professor Anjum Habib Vohra has said that security of patients, their attendants and hospital staff has been beefed up through increase in number of police cops of police p
Published 08 Jan, 2015 12:00am
KCCI opposes proposed hike in gas tariff

KCCI opposes proposed hike in gas tariff

President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra has said that Karachi Chamber will strongly oppose the proposed hike in gas tariff as it would result in rise in cost of doing business, slow down economic activities and incre
Published 08 Jan, 2015 12:00am
Iftikhar Soomro made Director to Matco Rice BoDs

Iftikhar Soomro made Director to Matco Rice BoDs

Pakistan's largest Basmati rice exporter, Matco Rice Processing (Pvt) Limited has appointed Iftikhar Ahmed Soomro as an independent, non-executive Director to its Board of Directors.
Published 08 Jan, 2015 12:00am
Sindh government amends LDA Act

Sindh government amends LDA Act

Sindh Governor Dr Ishratul Ebad Khan has assented the "Larkana Development Authority (LDA) (Amendment) Act, 2014". Through this act an amendment to Section 4 of the Sindh Act No. XLIX of 2013 has been made, says a handout issued here on Wednesday. As per
Published 08 Jan, 2015 12:00am
K-Electric, KWSB officials Commissioner to chair meeting

K-Electric, KWSB officials Commissioner to chair meeting

Commissioner Karachi Shoaib Ahmed Siddiqi has called a meeting of the K-Electric and Water Board officials in view of the interruption in water supply due to power suspension to pumping stations of Karachi Water and Sewerage Board (KW&SB). The meeting wil
Published 08 Jan, 2015 12:00am
Two policemen among five gunned down in Karachi

Two policemen among five gunned down in Karachi

Five people, including two police constables, were killed in separate incidents of violence here on Wednesday. According to police and rescue sources, two policemen were killed by unknown persons in Sohrab Goth in the limits of Sohrab Goth police station.
Published 08 Jan, 2015 12:00am
Farmers in a quandary over closure of sugar mills

Farmers in a quandary over closure of sugar mills

Voicing concern over the closure of sugar mills in Sindh, members of the National Assembly have asked the Sindh government to take immediate notice of the situation because farmers are in a quandary following the millers' refusal to purchase sugar cane at
Published 08 Jan, 2015 12:00am
FPCCI initiates exercise to prepare budget proposals

FPCCI initiates exercise to prepare budget proposals

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has initiated an exercise to prepare budget proposals for the next financial year (2015-16). In this regard, trade bodies and chambers have been directed to forward their suggestions to the
Published 08 Jan, 2015 12:00am
Mobilink launches 'Minute Back on Call-Drop' offer

Mobilink launches 'Minute Back on Call-Drop' offer

Mobilink has launched "Minute Back on Call-Drop" offer as a means to compensate its customers for dropped call and enhance customer experience. Despite the low call drop rate on its network, Mobilink customers will now receive one minute of talk time for
Published 08 Jan, 2015 12:00am
Deputy Governor SBP lauds UBL contact center facilities for customers

Deputy Governor SBP lauds UBL contact center facilities for customers

SBP Deputy Governor, Mr. Saeed Ahmad along with key members of the PRI (Pakistan Remittance Initiative) Team visited UBL to have a closer look at state of the art services UBL extends to its customers. The focal area of interest was the facilities extende
Published 08 Jan, 2015 12:00am
Mobile companies asked to ensure biometric registration of SIMs

Mobile companies asked to ensure biometric registration of SIMs

DIG Hyderabad Range Sanaullah Abbasi on Wednesday held a meeting with the regional heads of cellular companies and directed them to ensure bio-metric registration of all their customers who are using subscriber identity modules (SIMs) without bio-metric r
Published 08 Jan, 2015 12:00am
Concerns voiced about increase in smuggling under Afghan transit trade

Concerns voiced about increase in smuggling under Afghan transit trade

Arshad Jamal, Senior Vice Chairman All Pakistan Customs Agents Association (APCAA), said that smuggling through Afghan transit trade has increased despite heightened security at border. He said that FBR could not only increase revenue but also root out th
Published 08 Jan, 2015 12:00am
Australia bond yields hit record lows, currency steady

Australia bond yields hit record lows, currency steady

Australian bond yields fell to record lows on Wednesday as a rout in oil and stocks sent investors scurrying to the safety of the yen and sovereign debt. The 10-year cash yield fell to 2.6 percent, down all the way from 3.1 percent last month and narrowin
Published 08 Jan, 2015 12:00am
Australia bond yields hit record lows, currency steady

Australia bond yields hit record lows, currency steady

Australian bond yields fell to record lows on Wednesday as a rout in oil and stocks sent investors scurrying to the safety of the yen and sovereign debt. The 10-year cash yield fell to 2.6 percent, down all the way from 3.1 percent last month and narrowin
Published 08 Jan, 2015 12:00am
Euro tumbles in Asia

Euro tumbles in Asia

The euro slid to a nine-year low against the dollar on Wednesday as investors braced for inflation data that should give doves at the European Central Bank a clear mandate for bolder policy stimulus.
Published 08 Jan, 2015 12:00am
Euro falls to nine-year low in London

Euro falls to nine-year low in London

The euro fell to a new nine-year low against the dollar on Wednesday after data showed the euro zone prices falling for the first time since 2009, piling pressure on the European Central Bank to take bold policy action. Eurozone consumer prices fell by a
Published 08 Jan, 2015 12:00am
Early trade in New York: euro at nine-year low

Early trade in New York: euro at nine-year low

Investors on Wednesday sent the euro to a nine-year low after data showed euro zone prices fell for the first time since 2009, increasing pressure on the European Central Bank to loosen monetary policy.
Published 08 Jan, 2015 12:00am
Yen gains in New York

Yen gains in New York

The Japanese yen rose on Tuesday as investors faced with slumping oil prices sought a safe haven while the US dollar was pulled lower following disappointing economic data and falling US Treasury yields. Growing fears of deflation in the euro zone, howeve
Published 08 Jan, 2015 12:00am
Indian rupee rallies

Indian rupee rallies

The Indian rupee rallied to its strongest against the dollar in nearly three weeks to become the best performer in emerging Asia on Wednesday as foreign investors remained buyers of debt despite a bout of risk aversion in emerging markets.
Published 08 Jan, 2015 12:00am
Asian forex: rupiah under pressure, ringgit rallies

Asian forex: rupiah under pressure, ringgit rallies

The Indonesian rupiah hit three-week lows against the dollar on Wednesday in otherwise calm currency markets in Asia as investors held their bets ahead of the release of minutes of the Federal Reserve's last meeting and euro zone inflation data.
Published 08 Jan, 2015 12:00am
Yuan rises

Yuan rises

China's yuan rose against the dollar on Wednesday though the central bank set the official midpoint a shade lower than the previous day. The People's Bank of China (PBOC) fixed the midpoint at 6.1269 per dollar, slightly down from Tuesday's 6.1256.
Published 08 Jan, 2015 12:00am
Sterling drops below $1.51, lowest in nearly 18 months

Sterling drops below $1.51, lowest in nearly 18 months

Sterling fell to near 18-month lows against the dollar on Wednesday after robust US data pointed to an improving labour market there while investors pushed back expectations of an interest rate hike in Britain.
Published 08 Jan, 2015 12:00am
Sri Lankan rupee forwards weaker

Sri Lankan rupee forwards weaker

Sri Lanka rupee forwards eased on Wednesday due to dollar demand from importers, while exporters stayed on the sidelines a day ahead of a presidential election which is expected to be tight, dealers said. Four-day forwards, which were actively traded, end
Published 08 Jan, 2015 12:00am
New approach sees breakthrough in antibiotics research

New approach sees breakthrough in antibiotics research

Scientists using a revolutionary approach have devised an antibiotic that may offset the mounting problem of drug resistance for decades, they said on Wednesday. Tested on lab mice - it could take five or six years to be authorised for humans - the drug c
Published 08 Jan, 2015 12:00am
Spanish media group headquarters evacuated after false alert

Spanish media group headquarters evacuated after false alert

Spanish media group Prisa, publisher of the country's most widely-read newspaper El Pais, evacuated its Madrid headquarters Wednesday after receiving a suspect package that was later found not to be dangerous, a spokesman said. Police ordered the evacuati
Published 08 Jan, 2015 12:00am
Gappy meal: human tooth found in Japan McDonald's fries

Gappy meal: human tooth found in Japan McDonald's fries

A human tooth was found in french fries sold at a McDonald's in Japan last year, the firm said Wednesday, the latest in a series of woes involving contaminated nuggets and a chip shortage. A customer complained to the Japanese arm of the fast food giant a
Published 08 Jan, 2015 12:00am
Blizzards hit ME, refugees bear brunt

Blizzards hit ME, refugees bear brunt

A storm buffeted the Middle East with blizzards, rain and strong winds on Wednesday, keeping people at home across the region and raising concerns for Syrian refugees facing freezing temperatures in flimsy shelters.
Published 08 Jan, 2015 12:00am
Boko Haram attacks drive 3,000 Nigerians to Chad

Boko Haram attacks drive 3,000 Nigerians to Chad

Over 3,000 Nigerians have fled to Chad to escape attacks in northern Nigeria by Islamist extremist group Boko Haram, government officials said Wednesday. "Since mid-December we've witnessed a massive influx of Nigerian refugees in the Lake Chad region" bo
Published 08 Jan, 2015 12:00am
Chile arrests four for ties to record-breaking heist

Chile arrests four for ties to record-breaking heist

Chilean police said Wednesday they have arrested four people suspected of links to the August theft of more than $7 million at Santiago airport - the biggest heist in the country's history. "There are officially four people arrested, but the process remai
Published 08 Jan, 2015 12:00am
AirAsia jet tail found underwater, black box may be close by

AirAsia jet tail found underwater, black box may be close by

The tail of a crashed AirAsia jet has been found upturned on the sea bed about 30 km (20 miles) from the plane's last known location, Indonesia's search and rescue agency said on Wednesday, indicating the crucial black box recorders may be nearby.
Published 08 Jan, 2015 12:00am
Iran must immunise itself against nuclear sanctions, says Khamenei

Iran must immunise itself against nuclear sanctions, says Khamenei

Iran's top authority Ayatollah Ali Khamenei said on Wednesday Tehran should immunise itself against international sanctions imposed over its nuclear programme, keeping up a confrontational stance as talks over the dispute were due to resume. Western power
Published 08 Jan, 2015 12:00am
Fresh allegations against Brazil's Petrobras

Fresh allegations against Brazil's Petrobras

Brazil's state-owned oil giant Petrobras, already accused of graft, is being probed for allegedly over-charging on a gas pipeline contract and using a front company to do so, Globo newspaper reported Wednesday. Petrobras responded by denying it set up a f
Published 08 Jan, 2015 12:00am
Gunmen kidnap IS 'police' in Syria: monitor

Gunmen kidnap IS 'police' in Syria: monitor

Gunmen kidnapped several members of the Islamic State group's religious police force in eastern Syria Tuesday, a day after one of the force's leaders was found beheaded, a monitor said. "Unidentified gunmen ambushed members of the Islamic State's Hesbah f
Published 08 Jan, 2015 12:00am
Cameron under pressure on healthcare

Cameron under pressure on healthcare

Prime Minister David Cameron came under pressure in parliament on Wednesday over Britain's stretched health service, with the opposition Labour party accusing him of presiding over a crisis of funding and resources. Voters list the state of the National H
Published 08 Jan, 2015 12:00am
Education institutions in KP: JI concerned over prolonged closure

Education institutions in KP: JI concerned over prolonged closure

Expressing concern over the prolonged closure of education activities across Khyber Pakhtunkhwa, Jamaat-e-Islami provincial Naib Ameer Merajuddin Khan asked the provincial KP government to announce a clear and indubitably scheduled for re-opening of the a
Published 08 Jan, 2015 12:00am
Anti-encroachment operation begins in Peshawar

Anti-encroachment operation begins in Peshawar

District administration, Municipal Corporation Peshawar (MCP) and Peshawar Development Authority (PDA) demolished more than 100 shops, illegal structures of buildings, kiosks, shutter and signboards on first day of the grand anti-encroachment operation in
Published 08 Jan, 2015 12:00am
Corporate insiders must report trade in own securities: SECP

Corporate insiders must report trade in own securities: SECP

The Securities and Exchange Commission of Pakistan (SECP) has declared that when corporate insiders trade in their own securities, they must report it to the SECP and in the event of making gain on purchase or sale, within the period of six months, the ga
Published 08 Jan, 2015 12:00am
FC, Dewan Group dispute resolved

FC, Dewan Group dispute resolved

A meeting chaired by Finance Minister Ishaq Dar here on Wednesday proposed mechanism to resolve the long-standing issue for supply of 113 special purpose vehicles by the Dewan Group to Frontier Constabulary, KP. The issue had been lingering on since 2008,
Published 08 Jan, 2015 12:00am
Six injured as shuttering falls down

Six injured as shuttering falls down

Five labourers working at the Rawalpindi-Islamabad Metro Bus Project on Murree Road near Naz Cinema and a motorcyclist were injured on Wednesday as shuttering of new elevated road being constructed here fell down during construction work. According to Res
Published 08 Jan, 2015 12:00am
Punjab wheat growers advised to eradicate weeds from fields

Punjab wheat growers advised to eradicate weeds from fields

Weeds can reduce wheat production by 44 per cent so the growers must pay special attention on eradication of weeds from their fields, said an advisory issued by the Punjab Agriculture Department (PAD) here on Wednesday.
Published 08 Jan, 2015 12:00am
Grand Hyatt project CDA asked to deal with violations

Grand Hyatt project CDA asked to deal with violations

The Public Accounts Committee (PAC) has sought recommendations from Capital Development Authority (CDA) to deal with manifold violations in the terms of a contract pertaining to a five-star hotel (Grand Hyatt) adjacent to the Jinnah Convention Centre.
Published 08 Jan, 2015 12:00am
PTI condemns raid

PTI condemns raid

Chairman PTI, Imran Khan, Wednesday condemned the government for using the Competition Commission of Pakistan (CCP) to raid the PBA office in Karachi on Tuesday, without any warning or notice. The unethical confiscation of the PBA data and its immediate t
Published 08 Jan, 2015 12:00am
Inspection of PBA office: CCP explains action

Inspection of PBA office: CCP explains action

The Competition Commission of Pakistan (CCP), in exercise of its powers under Section 34 of the Competition Act, 2010, yesterday, carried out an inspection of the premises of Pakistan Broadcasters Association (PBA) located in Karachi.
Published 08 Jan, 2015 12:00am
Harassment Awareness Volunteer Programme launched in Punjab

Harassment Awareness Volunteer Programme launched in Punjab

Women Ombudsperson Punjab Dr Mira Philbous has said that in order to empower and protect working women at the workplace as well as to create mass awareness about their rights under the Protection Against Harassment of Women at Work Place Act 2012, the off
Published 08 Jan, 2015 12:00am
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