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Interest rate down by 1.5%
* SBP chief says increased remittances from overseas Pakistani workers and reimbursements from US have helped country's foreign exchange reserves

By Muhammad Yasir


KARACHI: In a surprising move, State Bank of Pakistan (SBP) on Friday cut 150 basis points (1.5 percent) in policy rate to 10.5 percent.

SBP Governor Yaseen... Full Story
President forms committee to end plight of Hindus in Sindh
Hindu pilgrims allowed to enter India after protest
PAC mulls reference against SC registrar
Youm-e-Ali (AS) rally comes under fire in Karachi
Balochistan ex-speaker jailed over fake degree
Karachi | In reverence

National
PM invites opp to settle issues for holding elections
Pakistan, Afghanistan in talks on Taliban releases
SC ‘reprimands’ Punjab CM in teachers’ salary case
Govt submits schedule for payment to IPPs in SC
Senate body calls for end to unscheduled load shedding
Syrians flee Aleppo, rebels plan new push
Car bomb kills Yemen security official, al Qaeda suspected
Two injured in NATO container ambush
Commanders discuss security situation
Body found in Jamrud
Govt working to build support for polio eradication
PTI UK workers protest against PML-N
NA body seeks cancellation of recruitments in FGEHF
Migration of religious minorities from Sindh angers HRCP
Minorities mark their day today
Political developments set in : Pagara agrees to meet Nawaz Sharif
Youm-e-Ali (AS) observed in Karachi with religious fervour
MQM-H workers asked to spread message of peace
Sindh Hindus announce protest movement to protect community
ANP deplores firing on Youm-e-Ali (AS) procession
KMC facilitates participants of Youm-e-Ali (AS) procession
KMC workers assured payment of salaries
Writer, poet Shamsherul Hyderi passes away
Sindh CM, Marri condole demise of Hyderi
Three US soldiers killed by Afghan police in Helmand
Sale of fireworks goes unabated
Weights, measurements being checked in Punjab markets
Role of minorities in nation building commended
CDA committed to making Islamabad ‘green city’
Britain reaches out to Syria opposition

Islamabad
No hi-tech abattoir in sight despite ambitious claims
Role of minorities in nation building commended
Four brothers among 6 killed over property dispute
Inter-city transporters increase fares
Sale of fireworks goes unabated
CDA committed to making Islamabad ‘green city’
Revisiting Pakistan Movement through the eye of lens
Setting the stage

    Editorial
EDITORIAL : Our treatment of Hindus
COMMENT : Another one? — Salman Tarik Kureshi
VIEW : Why look up to others every time? — Naeem Tahir
VIEW : Women’s empowerment: a historical profile in India — Dr Fatima Hussain
OVER A COFFEE : Waqar to Imran: the water car syndrome — Dr Haider Shah
COMMENT : Eat, pray, agitate — Afrah Jamal
LETTERS:
KHALID’S CARTOON

Karachi
Renowned writer, poet and journalist Shamsherul Hyderi dies
Sindh CM, Marri, MQM condole demise of Hyderi
Political development sets in
KMC workers assured payment of dues
Hindus of Sindh migrating to India due to insecurity: Mahesh Mukhi
Youm-e-Ali (RA) procession concludes amid aerial firing
KMC facilitates participants of procession
ANP deplores firing on mourners
‘Information technology an important need of modern era’
Administrator orders transfers, postings of KMC officers
KKF’s basic items distribution among needy people tomorrow
MQM chief prays for good health of Shah Turabul Haque
Four alleged criminals held from Punjab Colony

Lahore
Shahbaz blames federal govt for various ills
Youm-e-Ali (RA) observed amid tight security
Accused granted bail in Khawaja Sharif murder plot case
Blind man gets bail in dacoity case
LHC orders production of Davis’s victim’s in-laws
IER gets instalment of USAID grant
Markets to remain open on Sundays as Eid nears
Ring of Devotion

Business
Performance in July 2012 on yearly basis
SBP rate cut to provide relief to value-added industrial sector
Business community hails cut in policy rate by 150 basis points
Weekly inflation witnesses nominal increase
RD on goods produced from imported material withdrawn
KESC mulls to generate power thru coal
FPCCI supports NA committee on under-invoicing, smuggling
Another power tariff bomb
Reducing borrowings : Govt retires Rs 198 billion to SBP in July
LCCI demands withdrawal of SRO 564 (i)/2012
Spot rate increases by Rs 100/maund
‘PSM will not be privatised’
PIA to support first avionics institute to make it regional hub
Khushhalibank announces branchless banking initiative
Pakistan volunteers for peer review of competition regime
Pakistan lagging behind Afghanistan in 3G technology
Auto sales plunge 46% in July 2012
Karachi stocks up 2 pts amid cautious activity
ISE sheds six points
Dollar rises vs rupee
Euro slips on uncertainty over ECB action
European scrips rally loses momentum, Nestle slips
Australia shares close 0.7% lower, near 3-month high
Indian chips flat; SBI, Tata Motors reel after earnings
Asian markets hit by weak China trade data
China’s exports, imports slow in July
Singapore Q2 contraction less than expected
Russia posts 4.0% growth, along with rising prices
US drought, food prices fan fears of new crisis
‘German eco remains resilient to crisis’
Gold slips as dollar rises after China data
Asian oil buyers help Iran stave off the worst, for now
Oil falls to $112, demand concern weighs

Region
Israeli media talk of imminent Iran war push
China ‘willing to work with Indonesia’ on maritime row
Azerbaijan jails Muslim activist for 11 years
China’s Gu confesses to killing Heywood
Myanmar invites OIC probe of sectarian unrest
Indian minister says bureaucrats ‘can steal a little’
Iran seeks to save pivotal Syrian ally

Briefs
BUSINESS PERISCOPE : State Bank injects Rs 416.100bn
PTCL gets ESRI Special Awards 2012
HBL crosses Rs 1 trillion in deposits
Summit Bank to install ATM at KPC
KATI welcomes SBP rate cut

Foreign
Sinai checkpoint attacked as Egypt army masses troops
Romanian prosecutors target ex-minister in referendum probe
Suicide bomber hits Iraq Shia mosque; kills 5
Japan, North Korea agree at Red Cross talks: report
25,000 displaced by latest unrest in Sudan’s Darfur: UN
UK govt may face wrath of heirs of troops killed in Afghanistan
Ghana’s Mills called ‘man of peace’ as nation mourns

    Sport
Bolt seals legendary status with unique double
Pakistan get invitation for FIH Champions Trophy
FIH introduces World Hockey League
Mellouli digs deep to win landmark 10km swim
Coe says no drugs concerns over Bolt and Jamaicans
Rudisha smashes world record to win 800m gold
Football : Lloyd’s golden double gives USA revenge over Japan
Pettersson seizes early lead at PGA Championship
Jones gives Britain first Taekwondo gold
Russia win fourth successive synchro team gold
Eaton dominates rivals to win Olympic decathlon
French runner Hirt fails drugs test
FIELD HOCKEY : Britain overcome New Zealand to take bronze medal
MEDALS TABLE

Infotainment
Survivor’s video shows harrowing plane crash
Doctors remove spider hiding in woman’s ear
Naked fisherman rescued from shark-infested waters
Huge floating rock mass discovered
Dog walker rescued from manhole
Rush of proposals at Marry Mound
Bitter realities of our socio-political culture
A model wears a dress by Danish fashion designer
Akshay Kumar pips Salman; hikes fee to Rs 40 crore!
Sequels are safe option: Mahesh Bhatt
Veena celebrates Hindu rite of ‘Dahi Handi’
Crowe struggles to reach sets of ‘Noah’
Daughter remembers Whitney on her 49th birthday
Brangelina French estate preparation spark marriage rumours
MauSummery by Huma presents PURE Eid Collection 2012!
Rachel Weisz turns action star for new ‘Bourne’ film
Actors John Travolta and Dustin Hoffman
Actor Jack Black speaks at The Hollywood Foreign Press Association’s
TWEET TWEET


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