CHIANG MAI Asia's flood-prone megacities should fund major drainage, water recycling and waste reduction projects to stem deluges and secure clean supply for their booming populations, experts said Sunday.Rapid urbanisation has heaped pressure on water resources and drainage systems across Asia, ...

NEW YORK: Robert Downey Jr is a penny-pincher! The actor - who has amassed a fortune north of $100 million after turning his junkie life around - recently phoned his wife in near panic.. over his mobile phone contract! “Robert told her he’d just realized his cell phone contract was up ...

NEW YORK  -Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million (29.2 million pounds) ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.Oman-based Bank of Muscat lost $40 ...

lahore - Asif Ali Zardari has been running PPP’s election campaign with money plundered from the state exchequer, former Punjab chief minister stated on Wednesday, also accusing the president of unleashing an anti-PML-N propaganda with the swag. Shahbaz told a news conference here the day of ...

ISLAMABAD -  Pakistan Muslim League (N) on Monday strongly refuted allegations levelled by PPP leader Rehman Malik about money laundering aga-inst Sharif brothers, saying that all these claims are false and fabricated and ‘this matter is also sub judice.’“All these claims of ...

Former interior minister Rehman Malik has challenged Sharif Brothers to have a debate with him over corruption charges.He claimed that the PML-N chief had laundered money to Saudi Arabia. He said former federal minister Ishaq Dar admitted in his affidavit that he had committed money laundering on ...

KARACHI (PR): Xpress Money, the most dependable global money transfer brand, has partnered with KASB Bank to offer instant Inter-Bank Fund Transfer remittance service across 17 banks in Pakistan with a combined nationwide network of over 6000 locations. With this pioneering initiative, Xpress ...

The CIA has delivered tens of millions of dollars in cash packed in suitcases and backpacks to the office of Afghan President Hamid Karzai for more than a decade, the New York Times reported Monday."We called it 'ghost money'," Khalil Roman, Karzai's deputy chief of staff from 2002 to 2005, told ...

RAWALPINDI  - A large number of police officials have constituted "gangs in civvies" in several police stations of the city and have been extorting money from innocent people by implicating them into fake cases and providing safe passage to criminals after receiving bribe.Moreover, the daring ...

HARARE - Cash-strapped Zimbabwe is appealing for foreign help to fund presidential and parliamentary elections planned for later this year, Finance Minister Tendai Biti said on Monday. "It's self-evident that treasury does not have the capacity to fund elections," Biti told parliament. He said the ...

RAWALPINDI - A woman was deprived of cash, gold ornaments, mobile phone and other valuables by two armed bike riders while auto-theft gang pilfered a car from different localities of the city on Monday.Police have been investigating the cases after filing first information reports (FIR) with no ...

Tunis - Tunisia received $28.8m in the first such retrieval of what it calls looted assets held abroad by ousted President Ben Ali and his family. The state news agency TAP said a cheque in that amount had been handed to President Moncef Marzouki by Ali bin Fetais al-Marri, appointed by the UN to ...

KASUR – District police on Wednesday claimed to have arrested a proclaimed offender involved in 40 cases.The DPO Kasur Rai Ijaz Ahmed disclosed that accused was arrested during a surprise raid at his hideout following a tip-off. He said the PO was ring leader of an intra-district gang and ...

ISLAMABAD - Amid countrywide worsening power outages coupled with cash starvation like situation at the government’s end, hours long loadshedding to continue in near future as Pakistan State Oil (PSO) has so far not received the required money to import furnace oil for power generation ...

TOKYO - The Bank of Japan’s huge new easing measures mark its boldest bid yet to vanquish growth-sapping deflation, but observers warn there are no guarantees of success for the multi-billion-dollar gambit.The central bank ended weeks of speculation over what its new management team would do ...

ISLAMABAD - The Supreme Court on Tuesday directed the Federal Investigation Agency DG to appear before the court and explain why an officer facing contempt charges had being allowed to probe the National Insurance Company Limited (NICL) scam.A three-member bench, headed by Chief Justice Iftikhar ...

RAWALPINDI - Race Course police station staff made a novel way to mint money from commoners, as the station house officer (SHP) declared general holdup and confiscated suspected motorcycles and vehicles to maintain peace in its jurisdiction but his subordinates let them go after receiving bribe.All ...

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has said that enthusiasm of youth would outclass the politics of money in the upcoming general elections.Addressing a gathering here on Thursday, Chairman PTI Imran Khan gave message to those who are looting the nation that if they want to buy ...

KARACHI  - Eminent human rights activist, Patron-in-Chief of Chhipa Welfare Association (CWA), Ramzan Chhipa has rejected the notion of money as the sole means of serving humanity.Delivering a lecture to students of an eminent school in the city, he also stressed on such virtues like ...

IMRAN MUKHTARDENVER (Colorado) - As the November 6 US Presidential race is heading towards its logical end, political analysts here in US believe that  presidential campaign expenditures have already crossed the $ 1 billion mark and these expenditures include spending by the candidates, ...

MELBOURNE (AFP) - Australian Open organisers Tuesday boosted prize money to a record Aus$30 million (US$31.1 million) as they responded to threats of a boycott from players agitating for a greater share of revenue.Tennis Australia chief executive Steve Wood said the Aus$4 million hike for the 2013 ...

AN artist has put bags of old shredded money to an unusual use – by making portraits of politicians and celebrities out of them. Evan Wondolowski used thousands of paper strips from shredded US Federal Reserve notes to make a stand against greed with his new collection of images. The ...

KARACHI – MoneyGram has generates 30pc growth in Pakistan with the additions of Bank Al Habib, KASB Bank, Bank Islami and Tameer Bank. The bank brings 650 locations to the network increasing the total location to 2,500 plus throughout Pakistan, says a press release. Pakistan the sixth largest ...

LAHORE – The Pakistan Cricket Board (PCB) in collaboration with Faysal Bank Ltd will hold the Faysal Bank Super 8 Twenty20 Cup 2011- 2012 from March 25 to April 1 in Pindi Stadium, Rawalpindi, announced a spokesman of the board here on Monday. As many as eight teams will vie for the top ...

KARACHI - Mohajir Qaumi Movement-Haqiqi chief Afaq Ahmed on Monday made a candid confession that he did receive Rs5 million from Younis Habib to organise the MQM-H.Addressing a joint media briefing with Sindh United Party chief Syed Jalal Mehmood Shah at his residence Haider Manzil, Ahmed alleged ...

LOS ANGELES - Country singer Taylor Swift, 22, was named Billboard Magazine’s biggest money maker on Friday, beating powerhouses U2, Lady Gaga and Adele to top the list with earnings of more than $35 million in 2011.The “Love Story” singer pocketed more cash from her album sales ...

ISLAMABAD/KARACHI – The PPP government has offered a lucrative scheme to ‘swindlers, plunderers, smugglers and corruption monsters’ to whiten their black money, the sources said on Friday.As per the economic observers, the plan is simple enough: invest in stocks, pay tax and get ...

KARACHI – Pleading the innocence of his boss, spokesman for the Muttahida Qaumi Movement (MQM) held on Thursday that Altaf Hussain never took a single penny from the Inter-Services Intelligence, any government agency or an individual. “There is no truth in such accusations being piled ...

DHAKA  – Bangladeshi Prime Minister Sheikh Hasina has accused main opposition Bangladesh Nationalist Party (BNP) chief Khaleda Zia of receiving money from Inter-Services Intelligence (ISI) ahead of 1991 general elections in the country.“You (Zia) sold the country (interest) by ...

ISLAMABAD : Chairman of All Pakistan LPG Distributors Association (APLPGDA) Irfan Khokhar Friday alleged that the 'Gas Mafia' had grabbed billion of rupees during last six years by creating artificial shortage of Liquefied Petroleum Gas (LPG) and selling the domestic product in the name of imported ...