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News for Sunday, 1 Jul 2012

Ashraf fails to restore businessmen’s confidence: PEW

Chairman of Pakistan Economy Watch (PEW) Dr. Murtaza Mughal has said that Prime Minister Raja Pervaiz Ashraf has failed to restore confidence of the business community. In an statement issued...

Cracker blast harms railway track near Karachi

Partial damage was occurred to railways line due to cracker explosion near Bin Qasim station Karachi, however no life loss took place. SSP Railways Arshad Kamal told the media that due...

Three astronauts land on Earth from ISS in Russian capsule

A Russian Soyuz capsule carrying three astronauts on Sunday landed on schedule in the Kazakh steppe, the Russian mission control told news agencies. "It has landed," the Russian flight control centre...

Cummins out of England series

Australia fast bowler Pat Cummins was ruled out of the remainder of the one-day series against England on Sunday after suffering a side strain in the opening match at Lord's...

EU agreement lifts optimism

Japan’s Nikkei average jumped 1.5 percent on Friday to close above the key 9,000 level for the first time in seven weeks after European leaders agreed to take emergency action...

Gas supply to Faisalabad industry suspended

Gas supply to industries in Faisalabad has been suspended for two days disrupting industrial output and rendering daily wagers unemployed. As per the new gas load mangment plan, the gas...

Oil posts fourth biggest daily gain on record

Oil surged on Friday in heavy trading to the fourth biggest daily gain on record, as a deal by European leaders to shore up euro zone banks triggered frantic short-covering...

UK orders bank review, calls Diamond to panel

US and British authorities fined Barclays $450 million for manipulating the London Interbank Offer Rate (Libor), the interest rate on loans that banks make to each other. Barclays was the...

Pakistan pays back $107.6 million to IMF

Pakistan has repaid an installment of $107.6 million to International Monetary Fund (IMF) as part of the principal amount against loan of $7.9 billion. The payment was made in accordance...

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