BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2010-12-27
PM leaves for Muscat
Business & Finance

PM leaves for Muscat

ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani left here for Muscat on Monday on two day official visit to the Sultan
Published 27 Dec, 2010 07:14am
BB's death anniversary observed
Top News

BB's death anniversary observed

MIRPUR: The third death anniversary of Mohtarma Benazir Bhutto Shaheed was observed with due respect across the Azad Jam
Published 27 Dec, 2010 07:09am
Management ruckus at KSE
BR Research

Management ruckus at KSE

The benchmark KSE index may have achieved some of its lost milestones in 2010; but inside the KSE, a storm has been brewing - one that appea
Published 27 Dec, 2010 12:00am
Gold continues to chug along
BR Research

Gold continues to chug along

Fiscal explosion in the United States or Europe, political turmoil amongst two countries or healthy economic growth in China and India, gold
Published 27 Dec, 2010 12:00am
US bond market braces for higher yields

US bond market braces for higher yields

Wall Street expects higher Treasury yields next year, and one primary dealer has the 30-year bond hitting 6 percent for the first time since 2000. But investors will have to be nimble, since variables such as the pace of US growth, high US deficits and Eu
Published 27 Dec, 2010 12:00am
US bond market braces for higher yields

US bond market braces for higher yields

Wall Street expects higher Treasury yields next year, and one primary dealer has the 30-year bond hitting 6 percent for the first time since 2000. But investors will have to be nimble, since variables such as the pace of US growth, high US deficits and Eu
Published 27 Dec, 2010 12:00am
China's Dacheng Fund eyes Hong Kong expansion

China's Dacheng Fund eyes Hong Kong expansion

China's Dacheng Fund Management Co aims to double its number of exchange-traded funds (ETFs) in Hong Kong next year and is planning to launch its first overseas fund for domestic Chinese investors, a senior executive said.
Published 27 Dec, 2010 12:00am
China's Dacheng Fund eyes Hong Kong expansion

China's Dacheng Fund eyes Hong Kong expansion

China's Dacheng Fund Management Co aims to double its number of exchange-traded funds (ETFs) in Hong Kong next year and is planning to launch its first overseas fund for domestic Chinese investors, a senior executive said.
Published 27 Dec, 2010 12:00am
Malaysian airline to buy Virgin Atlantic

Malaysian airline to buy Virgin Atlantic

The chief executive of Malaysia's AirAsia is considering a possible take-over bid for airline Virgin Atlantic, the Sunday Times newspaper reported. Tony Fernandes, who runs Asia's largest budget carrier by fleet size, has renewed his interest in the UK ai
Published 27 Dec, 2010 12:00am
Saudi economy to grow 4.2 percent in 2011

Saudi economy to grow 4.2 percent in 2011

Saudi Arabia's economy is forecast to grow 4.2 percent in 2011 after a 3.8 percent expansion in 2010, driven by heavy government spending, the respected Jadwa Investment bank said on Sunday.
Published 27 Dec, 2010 12:00am
Saudi Arabia signs $500 million deal to make cars

Saudi Arabia signs $500 million deal to make cars

A Saudi university says it has signed a deal with a South Korean firm to produce passenger cars. The South Korean concern is investing $500 million in the project. Abdullah al-Othman president of King Saud University says the first car, a five-passenger m
Published 27 Dec, 2010 12:00am
Britain mulls law to fine airports

Britain mulls law to fine airports

British ministers said Sunday they wanted to introduce new laws to allow regulators to fine airports for travel disruption, after a pre-Christmas cold snap all but shut down Heathrow Airport last week. Transport Minister Philip Hammond told the Sunday Tim
Published 27 Dec, 2010 12:00am
Apple, Steve Jobs hit new heights in 2010

Apple, Steve Jobs hit new heights in 2010

Apple dethroned Microsoft as the world's most valuable technology company in 2010 as its co-founder Steve Jobs soared to new heights with the touchscreen iPad tablet computer and the latest iPhone. Britain's Financial Times last week named Jobs its "Perso
Published 27 Dec, 2010 12:00am
Deutsche Bank: Portugal likely to seek bailout

Deutsche Bank: Portugal likely to seek bailout

The chief economist of Germany's biggest bank says he expects Portugal to seek a bailout from other eurozone countries soon as the sovereign debt crisis continues to erode market trust. German Sunday newspaper Frankfurter Allgemeine Sonntagszeitung quoted
Published 27 Dec, 2010 12:00am
IDB lends Bangladesh $105 million for upgrading refinery

IDB lends Bangladesh $105 million for upgrading refinery

The Jeddah-based Islamic Development Bank (IDB) has offered Bangladesh a $105 million loan to go towards the cost of renovating its lone state-owned oil refinery, a senior government official said Sunday.
Published 27 Dec, 2010 12:00am
Wen says China confident of keeping inflation in check

Wen says China confident of keeping inflation in check

China is well-placed to tackle inflation and tame runaway house prices, Premier Wen Jiabao said Sunday, while acknowledging that rising costs had made life harder for the poor. Domestic food prices soared this year, driving inflation to rise by 5.1 percen
Published 27 Dec, 2010 12:00am
China raises mortgage rates

China raises mortgage rates

China raised mortgage rates by 25 basis points on Sunday, the Ministry of Housing and Urban-Rural Development said, the second increase this year, after benchmark interest rates increased on Saturday. After Sunday's move, the rate for mortgage loans longe
Published 27 Dec, 2010 12:00am
Bumper crowds hit Australia sales

Bumper crowds hit Australia sales

Australian retailers reported a bumper start to traditional post-Christmas sales on Sunday, as thousands of consumers spooked by interest rate hikes went out in search of a bargain. Hundreds of keen shoppers queued outside the nation's major department st
Published 27 Dec, 2010 12:00am
New claims may add to Nakheel's legal woes

New claims may add to Nakheel's legal woes

Property developer Nakheel's restructuring plan is being complicated by new claims from trade creditors that could lead to more legal headaches, two sources familiar with the matter said.
Published 27 Dec, 2010 12:00am
New security features designed to make online banking safer

New security features designed to make online banking safer

Fraudsters keep on finding ways to steal money from accounts online. But banks are also stepping up their security measures to protect online money transfers. Online banking was first introduced to the world 30 years ago in Germany, when the Verbraucherba
Published 27 Dec, 2010 12:00am
Probe finds collapse of all oil rig protections

Probe finds collapse of all oil rig protections

The April 20 explosion on an oil rig in the Gulf of Mexico that caused the largest environmental disaster in US history occurred because every single defence on the rig named Deepwater Horizon failed, The New York Times reported Sunday.
Published 27 Dec, 2010 12:00am
Sompo Japan, Bank of Shanghai to ally

Sompo Japan, Bank of Shanghai to ally

Japan's major non-life insurer Sompo Japan Insurance Inc. will form a sales partnership with China's Bank of Shangghai, a newspaper said Sunday Sompo Japan, a unit of NKSJ Holdings Inc., and the major Chinese commercial bank will announce the deal as earl
Published 27 Dec, 2010 12:00am
New Zealand beat Pakistan in first Twenty20

New Zealand beat Pakistan in first Twenty20

Pace bowler Tim Southee bagged a five-wicket haul including a hat-trick as New Zealand comprehensively beat Pakistan by five wickets in their opening Twenty20 cricket match Sunday. It was only the third hat-trick in the history of Twenty20 internationals
Published 27 Dec, 2010 12:00am
Manchester clubs on top of Premier League

Manchester clubs on top of Premier League

Manchester United remained two points clear at the top of the English Premier League on Sunday as Manchester City moved up into second place in the table. Dimitar Berbatov's double saw United beat Sunderland 2-0 at Old Trafford while City, who were third
Published 27 Dec, 2010 12:00am
Mourinho rules out national team duty

Mourinho rules out national team duty

Real Madrid boss Jose Mourinho on Sunday ruled out the prospect of becoming a national team manager after being refused permission to take temporary charge of his native Portugal in the autumn.
Published 27 Dec, 2010 12:00am
Two games postponed in English Premier League

Two games postponed in English Premier League

Freezing temperatures have put paid to two games in the Premier League's traditional Boxing Day programme - Blackpool against Liverpool and Everton against Birmingham. Overnight temperatures of minus nine degrees brought a morning pitch inspection at Blac
Published 27 Dec, 2010 12:00am
England move on Ashes after humiliating Aussie

England move on Ashes after humiliating Aussie

James Anderson rated England's perfect performance to take charge of the fourth Ashes Test Sunday as one of his greatest days in Test cricket. The tourists enjoyed a day they would never forget as they bowled out Australia for a record low 98 total at the
Published 27 Dec, 2010 12:00am
India upbeat despite Steyn battering

India upbeat despite Steyn battering

Fast bowler Dale Steyn struck four times but India remained optimistic after a rain-hit first day of the second Test against South at Kingsmead on Sunday.
Published 27 Dec, 2010 12:00am
Japan's Kameda wins WBA bantamweight title

Japan's Kameda wins WBA bantamweight title

Japan's Koki Kameda won the vacant World Boxing Association (WBA) bantamweight title on Sunday when he defeated Alexander Munoz of Venezuela by a unanimous decision. The three judges scored it 115-111, 116-109 and 117-109, all in favour of Kameda.
Published 27 Dec, 2010 12:00am
Australian Open to precede 2011 Presidents Cup

Australian Open to precede 2011 Presidents Cup

The 2011 Australian Open will precede the Presidents Cup event in Melbourne next November, the PGA of Australia said on Sunday. The Open, likely to be held in Sydney, will be staged from November 10-13, with the Australian PGA Championship to follow.
Published 27 Dec, 2010 12:00am
Lemaitre named French Sportsman of the Year

Lemaitre named French Sportsman of the Year

Sprinter Christophe Lemaitre has been named French Sportsman of the Year by L'Equipe newspaper. The 20-year-old from the Alpine spa town of L'Aix-les-Bains exploded onto the international scene during 2010 with a succession of fast times culminating on Ju
Published 27 Dec, 2010 12:00am
QInvest chief executive sees Qatar sukuk, possible IPOs

QInvest chief executive sees Qatar sukuk, possible IPOs

Qatar's largest investment bank QInvest sees Islamic bond issuances continuing to gain momentum in 2011 while initial public offerings may also see some revival, the company's chief executive said.
Published 27 Dec, 2010 12:00am
Shandong Airlines to buy 15 Boeing planes

Shandong Airlines to buy 15 Boeing planes

China's Shandong Airlines said on December 24 it plans to buy 15 Boeing passenger planes worth up to 1.2 billion dollars amid fast-growing demand for air travel in the increasingly prosperous country.
Published 27 Dec, 2010 12:00am
RUSAL aims to refinance $11.7 billion debt in 2011

RUSAL aims to refinance $11.7 billion debt in 2011

RUSAL, the world's largest producer of aluminium, aims to refinance $11.7 billion in debt next year, starting a fresh chapter in the company's hard-fought restructuring, its head of capital markets said.
Published 27 Dec, 2010 12:00am
Toyota sets 2011 sales target at 8.61 million

Toyota sets 2011 sales target at 8.61 million

Toyota Motor said it aims to lift group global sales by three percent next year on the expectation that robust overseas sales will offset sagging Japanese demand. The Japanese automaker said it expects to sell 8.61 million vehicles in calendar 2011 across
Published 27 Dec, 2010 12:00am
Sony to miss TV sales goal target

Sony to miss TV sales goal target

Sony on December 20 said it may fall short of its sales goal of 25 million liquid crystal display TV sets this fiscal year as it struggles to be profitable in the sector, Dow Jones Newswires reported. The Japanese electronics giant had previously said its
Published 27 Dec, 2010 12:00am
Airbus says LAN orders 50 A320s

Airbus says LAN orders 50 A320s

European aircraft manufacturer Airbus said on December 21 it had received a firm order from Chilean carrier LAN for 50 medium-haul A320 airliners, which at catalogue prices would be worth more than 4.0 billion dollars (3.1 billion euros).
Published 27 Dec, 2010 12:00am
Madoff suit may hit UniCredit's capital

Madoff suit may hit UniCredit's capital

UniCredit, Italy's largest listed bank, could find its ability to raise key capital ratios hampered by the US trustee seeking to recover billions of dollars for victims of Bernard Madoff's epic fraud. Earlier this month, Unicredit was named on a lawsuit s
Published 27 Dec, 2010 12:00am
Madoff suit may hit UniCredit's capital

Madoff suit may hit UniCredit's capital

UniCredit, Italy's largest listed bank, could find its ability to raise key capital ratios hampered by the US trustee seeking to recover billions of dollars for victims of Bernard Madoff's epic fraud. Earlier this month, Unicredit was named on a lawsuit s
Published 27 Dec, 2010 12:00am
Japan telecom firm KDDI to start e-book distribution

Japan telecom firm KDDI to start e-book distribution

Japan's number two telecom operator KDDI Corp. said on December 21 it would start electronic book distribution this week, offering an initial 20,000 titles for its e-reader. The LISMO Book Store service will start on Saturday for the "biblio Leaf SP02" e-
Published 27 Dec, 2010 12:00am
Skype says sorry for massive outage

Skype says sorry for massive outage

Millions of Skype users around the world were left incommunicado Wednesday when the popular internet telephony system was disrupted by a massive glitch.
Published 27 Dec, 2010 12:00am
Intel says FTC approves McAfee acquisition

Intel says FTC approves McAfee acquisition

Intel said on December 21 that US anti-trust regulators have cleared its 7.68-billion-dollar acquisition of computer security firm McAfee but the deal is still being examined in Europe. "The Federal Trade Commission has concluded its review of the propose
Published 27 Dec, 2010 12:00am
Google splashes $2 billion on New York office

Google splashes $2 billion on New York office

Internet powerhouse Google is muscling in on New York. The web search giant confirmed Wednesday that it had bought one of the most prestigious office buildings in Manhattan. No price was given for the property at 111 Eighth Avenue, but the Los Angeles Tim
Published 27 Dec, 2010 12:00am
IBM offers glimpse into the future

IBM offers glimpse into the future

Air-powered batteries, 3-D cellphones that project holographs and personalised commutes are among the predictions of IBM scientists gazing into their crystal balls. The US computer giant this week released its annual "Next Five in Five" list of five innov
Published 27 Dec, 2010 12:00am
US regulators approve 'net neutrality' rules

US regulators approve 'net neutrality' rules

US telecom regulators, in a vote split on party lines, approved rules December 21 that supporters said are needed to ensure an open Internet but opponents decried as unnecessary government intervention.
Published 27 Dec, 2010 12:00am
Toshiba to outsource system chips to rival Samsung

Toshiba to outsource system chips to rival Samsung

Japan's Toshiba plans to outsource production of system chips, used in cellphones, TVs and cars, to South Korea's Samsung in order to focus on its own strong memory chip business, a report said on December 24.
Published 27 Dec, 2010 12:00am
'iCrime' wave fuelled by insatiable appetite for smartphones

'iCrime' wave fuelled by insatiable appetite for smartphones

The fashionable folk tapping on Blackberrys or using apps on iPhones in New York, Paris or Barcelona have more in common than a taste for expensive hand-held devices. They are also likely to be targeted by thieves in a smartphone crime wave fuelled by the
Published 27 Dec, 2010 12:00am
Microsoft to unveil slimmer Windows in January

Microsoft to unveil slimmer Windows in January

Microsoft is to unveil a new version of its Windows operating system next month that is optimised for tablet computing, the Wall Street Journal reported on Wednesday. It will run on chips based on the AEM design, rather that Intel's conventional x86 chip
Published 27 Dec, 2010 12:00am
Apple drops WikiLeaks app, Google keeps it

Apple drops WikiLeaks app, Google keeps it

Apple Inc has joined a growing number of US companies that have severed ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content.
Published 27 Dec, 2010 12:00am
Stem cells point to more resilient cancer: study

Stem cells point to more resilient cancer: study

Leukemia patients with more genes associated with cancer stem cells have a "significantly poorer prognosis," according to findings published on December 24. A Stanford University study found that "some cancers spring from and are replenished by a small, h
Published 27 Dec, 2010 12:00am
Most bird-like dinosaurs ate plants

Most bird-like dinosaurs ate plants

Bird-like dinosaurs long believed to be carnivorous predators were in fact plant lovers, with the notable exception of dedicated hunters such as T. rex, US paleontologists said on December 21. Lindsay Zanno and Peter Makovicky of the Field Museum in Chica
Published 27 Dec, 2010 12:00am
GE to pay $500 million for New York river cleanup

GE to pay $500 million for New York river cleanup

General Electric said on December 23 it will soon complete a 500-million-dollar toxic waste cleanup project in New York's Hudson river to settle a decades-old battle with US environmental authorities.
Published 27 Dec, 2010 12:00am
Biting winters driven by global warming

Biting winters driven by global warming

Counter-intuitive but true, say scientists: a string of freezing European winters scattered over the last decade has been driven in large part by global warming. The culprit, according to a new study, is the Arctic's receding surface ice, which at current
Published 27 Dec, 2010 12:00am
Cambodia's success in tackling HIV/AIDS threatened

Cambodia's success in tackling HIV/AIDS threatened

Cambodia's widely hailed efforts in tackling HIV/AIDS are under threat with foreign donors likely to cut funding over the next two decades, a study said on December 22. "The success that Cambodia has had with its AIDS programme is at risk because of the p
Published 27 Dec, 2010 12:00am
Avian influenza virus H9 - the next candidate for future pandemic

Avian influenza virus H9 - the next candidate for future pandemic

Avian influenza is the most important historical viral infection in poultry industry causing huge economic losses. Ducks act as natural host while the virus can be transmitted from these natural hosts to highly prone species such as chickens and turkeys.
Published 27 Dec, 2010 12:00am
La Nina disrupts Asia, Australia crops, mines

La Nina disrupts Asia, Australia crops, mines

The strongest La Nina weather event in nearly half a century, resulting in heavy rains and flooding which has damaged crops and flooded mines in Australia and Asia, may be at its peak, the Australian weather bureau said.
Published 27 Dec, 2010 12:00am
Parveen Shakir's death anniversary observed

Parveen Shakir's death anniversary observed

The 16th death anniversary of noted poetess Parveen Shakir was observed on Sunday. She was born on November 24, 1952 in Karachi. She was a noted Urdu poetess, teacher and a civil servant. She did her masters in English Literature and Linguistics from Kara
Published 27 Dec, 2010 12:00am
NLA chairman visits Parveen's mausoleum

NLA chairman visits Parveen's mausoleum

On the occasion of the 16th death anniversary of Parveen Shakir, Chairman of National Language Authority (NLA) Iftikhar Arif visited her mausoleum, here on Sunday, to lay floral wreath and offer Fateha.
Published 27 Dec, 2010 12:00am
Commodities' prices depict mixed pattern, following world trend

Commodities' prices depict mixed pattern, following world trend

Commodities on the wholesale markets depicted mixed trend, in line with world trend, during the week ended on December 25, 2010. On the opening day, commodity markets witnessed a couple of changes owing to low demand. On the gram side 50 x 50 turned highe
Published 27 Dec, 2010 12:00am
Four bodies found in Balochistan

Four bodies found in Balochistan

Four dead bodies were recovered from various areas of Dasht Digari and Quetta on Sunday. According to details, Dasht Levies found two dead bodies in the mountains of Digari some 25 Km east of Mastung. The victims identified as Sohbat Khan Marri and Shah D
Published 27 Dec, 2010 12:00am
Fourth convocation of PGMI in February

Fourth convocation of PGMI in February

The fourth convocation of Post-Graduate Medical Institute (PGMI) would take place in the month of February 2011. This ceremony would be held for the doctors and specialists who qualified for degrees in the academic session of 2009-10.
Published 27 Dec, 2010 12:00am
MONEY WEEK: policy inaction continues

MONEY WEEK: policy inaction continues

"I don't have exact numbers but borrowing from SBP is not zero", Hina Rabbani Khar, State Minister for Finance, naively commented last week on the grave issue of note printing. This depicts the government's hollow efforts to curb inflation and put the eco
Published 27 Dec, 2010 12:00am
Corrupt people being hired against key posts: Nawaz

Corrupt people being hired against key posts: Nawaz

Pakistan Muslim League-Nawaz (PML-N) chief, Nawaz Sharif has categorically stated that he is not a friendly opposition and called upon the government to mend its ways before the time runs out. Addressing a public gathering here on Sunday, Nawaz said that,
Published 27 Dec, 2010 12:00am
Nato violated security agreement: Afghan official

Nato violated security agreement: Afghan official

The US-led coalition violated a security agreement in Kabul when its troops raided a private security company in the capital and killed two guards, the Afghan Interior Ministry spokesman said Sunday.
Published 27 Dec, 2010 12:00am
Power outage closes main Moscow airport

Power outage closes main Moscow airport

Moscow's main airport closed to international traffic Sunday as unseasonably warm weather produced hail storms that wreaked havoc with the city's traffic and left shoppers navigating streets of ice. The heavy sleet downed transmission lines across central
Published 27 Dec, 2010 12:00am
Eight militants killed in southern Russia

Eight militants killed in southern Russia

Elite Russian security forces Sunday stormed a building in the capital of the turbulent North Caucasus region of Dagestan, killing eight militants in an hours-long gun battle, news reports said. Security official identified one of the dead militants as th
Published 27 Dec, 2010 12:00am
Boat capsizes, 11 people drown in southern India

Boat capsizes, 11 people drown in southern India

At least 11 people drowned when a boat capsized off India's south-eastern coast on Sunday, a news report said. The Indian coast guard and navy rescued 17 villagers from the Gulf of Mannar, a large shallow bay that separates India and the west coast of Sri
Published 27 Dec, 2010 12:00am
Thousands rally in Moscow against ethnic violence

Thousands rally in Moscow against ethnic violence

Several thousand people rallied Sunday in Moscow to protest the ethnic clashes that have rocked Russia, holding posters reading "Fascists disgrace Russia" and chanting "No to Fascism!"
Published 27 Dec, 2010 12:00am
Israel to boycott UN racism meeting

Israel to boycott UN racism meeting

Israel vowed Sunday to boycott a 2011 UN summit commemorating a controversial conference on racism that became overshadowed by disputes over the Middle East.
Published 27 Dec, 2010 12:00am
Comoros votes in landmark presidential poll

Comoros votes in landmark presidential poll

The Indian Ocean archipelago of Comoros voted Sunday for a new president to replace incumbent Ahmed Abdallah Sambi whose extended stay in power has threatened the stability of the coup-prone islands.
Published 27 Dec, 2010 12:00am
Obama caps Christmas by visiting troops

Obama caps Christmas by visiting troops

President Barack Obama capped a quiet Christmas Saturday with a surprise visit to a Marine base to thank US troops for the sacrifices they've made, including being away from their families at the holidays.
Published 27 Dec, 2010 12:00am
French defence minister meets Karzai on hostages

French defence minister meets Karzai on hostages

President Hamid Karzai has promised the "full support" of Afghan authorities in efforts to free two French journalists held captive in the war-torn country, France's defence minister said Sunday. After meeting with the Afghan leader, Alain Juppe said inte
Published 27 Dec, 2010 12:00am
Ukraine arrests former interior minister

Ukraine arrests former interior minister

Ukrainian authorities on Sunday arrested the country's former interior minister amid an ongoing probe into the pro-Western cabinet of ex-premier turned opposiition leader Yulia Tymoshenko Yury Lutsenko was detained by at least 10 Alpha special security of
Published 27 Dec, 2010 12:00am
Three Singaporeans die as boat capsizes

Three Singaporeans die as boat capsizes

Malaysian police said Sunday that three Singaporean tourists were killed and two remain missing after a fishing boat capsized in rough seas off southern Johor state.
Published 27 Dec, 2010 12:00am
Pakistan's unsavoury relationship with the IMF

Pakistan's unsavoury relationship with the IMF

The ongoing Stand-By Arrangement (SBA) with the IMF has seen many ups and downs, with frequent grant of waivers whenever Pakistan failed to meet the prescribed conditionalities. The latest hurdle in continuing with the programme is the deadline of Decembe
Published 27 Dec, 2010 12:00am
Don't cross the 'red lines'

Don't cross the 'red lines'

Don't cross the 'red lines', Pakistan has warned the United States, saying it could complicate counter-terrorism co-operation. One of the red lines is to refrain from landing its boots on Pakistani soil, and the warned 'complication' is that in case of te
Published 27 Dec, 2010 12:00am
India and Pakistan: Is comparability a fiction?

India and Pakistan: Is comparability a fiction?

The last time the international community referred to Pakistan and India in the same breath was when the two countries carried out nuclear tests in 1998 - India carried out its last fusion weapon test on 11 May 1998 and its nuclear test on 18 May the same
Published 27 Dec, 2010 12:00am
A legend of the East

A legend of the East

December 27 is a day of immense grief and national tragedy when Pakistan in particular and the world in general lost a leader of high stature in the person of Mohtarma Benazir Bhutto. It also conveys the message in no uncertain terms that Shaheed Benazir
Published 27 Dec, 2010 12:00am
Pakistan's 'Mother Teresa' on floods frontline

Pakistan's 'Mother Teresa' on floods frontline

Every morning Ruth Pfau stands short and frail before a tall crucifix in Karachi's St Patrick's Cathedral. She bows her head, shuts her eyes, places her right hand on her heart and prays.
Published 27 Dec, 2010 12:00am
Lyari Expressway

Lyari Expressway

It has been observed quite a lot of times that even one minor road protest from any political/religious party causes horrific traffic jam where patients and other people suffer and hours are wasted, this happens especially in the evening when people are c
Published 27 Dec, 2010 12:00am
Two die as van falls into ravine

Two die as van falls into ravine

At least two persons were killed while 15 others were injured when a passenger van plunged into ravine here on Sunday, police said. The incident occurred near Langra area here when a van was on its way to Rawalpindi but it fell into the ravine.
Published 27 Dec, 2010 12:00am
Security forces pound militants' hideouts

Security forces pound militants' hideouts

Khasadar force, backed by other security forces, heavily pounded hideouts of militants in the nearby mountains of Prang Sang, Tehsil Jamrud of Khyber Agency on Sunday morning.
Published 27 Dec, 2010 12:00am
Kaira condoles death of M A Zuberi

Kaira condoles death of M A Zuberi

The Federal Minister for Information, Qamar Zaman Kaira, here on Sunday visited the residence of late M A Zuberi, the founder editor of the Business Recorder. He offered condolence to the sons of the deceased - Wamiq, Arshad and Asif, and also offe
Published 27 Dec, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 20 to 24 2010)

Published 27 Dec, 2010 12:00am
The Weather

The Weather

The weather report on Sunday (December 19, 2010) and the forecast for Monday (December 20, 2010).

Published 27 Dec, 2010 12:00am
JI demands immediate release of Shahzain Bugti

JI demands immediate release of Shahzain Bugti

Syed Munawwar Hassan, Ameer Jamaat-i-Islami (JI) has demanded immediate release of Baloch leader Shahzain Bugti, and his colleagues in order to avoid worsening of the Baluchistan situation. He stressed upon the rulers and the armed forces to realise that
Published 27 Dec, 2010 12:00am
First winter rain predicted this week

First winter rain predicted this week

Met Office said here on Sunday that a westerly wave of weak to moderate intensity is likely to penetrate in Pakistan through southern Balochistan from Monday (today) evening that will generate south-westerly winds with a cloud-cover during next four days
Published 27 Dec, 2010 12:00am
Expo Pakistan scheduled from February 25

Expo Pakistan scheduled from February 25

"Expo Pakistan is aimed at providing unprecedented opportunities to its participants to witness a showcase of high quality products from Pakistan.
Published 27 Dec, 2010 12:00am
Drone attacks are counter productive: Prime Minister

Drone attacks are counter productive: Prime Minister

Prime Minister Syed Yousaf Raza Gillani said that drone attacks are the counter productive and these attacks are increasing our problems. "We are trying to convince the US administration to transfer this technology to Pakistan so that we could use this te
Published 27 Dec, 2010 12:00am
Loadshedding hindering productivity: SCCI

Loadshedding hindering productivity: SCCI

Due to the forced unscheduled electricity load shedding and non-availability of Sui gas export orders amounting to Cores of rupees were in doldrums revealed President Sialkot Chamber of Commerce and Industry (SCCI) Ghulam Mustafa Choudary.
Published 27 Dec, 2010 12:00am
5,500MW shortage occurs as three power stations close

5,500MW shortage occurs as three power stations close

The ministry of water and power on Sunday confirmed that three of its thermal powerhouses have been temporarily closed, impacting a drop of 1,500MW of electricity, while hydel power generation has also fallen by 4,000MW following a month-long closure of i
Published 27 Dec, 2010 12:00am
Thousands fear hunger after WFP bombing

Thousands fear hunger after WFP bombing

Some 300,000 desperately poor villagers impoverished by fighting in tribal belt are wondering how they can feed themselves after a female suicide bomber killed 45 people outside a World Food Program food distribution center, triggering a district wide sus
Published 27 Dec, 2010 12:00am
'RGST will have negative effects on agriculture'

'RGST will have negative effects on agriculture'

Chief Executive Officer, Ali Akbar Group, Saad Akbar Khan has said that RGST would have negative effects on agriculture. He said that agriculture is the backbone of the country's economy. Pakistan is an agricultural country and it can include in the devel
Published 27 Dec, 2010 12:00am
'Free education helps develop humanity'

'Free education helps develop humanity'

The provision of free education to both male and female child helps develop the individual, the family, the society and the humanity as a whole.
Published 27 Dec, 2010 12:00am
Zardari inaugurates Sindh Bank

Zardari inaugurates Sindh Bank

President Asif Ali Zardari on Sunday inaugurated Sindh Bank's branch in Naudero. This is the first bank set up in the province by the Government of Sindh and the initial investment in the bank by the provincial government is Rs10 billion. President Zardar
Published 27 Dec, 2010 12:00am
Zardari inaugurates Sindh Bank

Zardari inaugurates Sindh Bank

President Asif Ali Zardari on Sunday inaugurated Sindh Bank's branch in Naudero. This is the first bank set up in the province by the Government of Sindh and the initial investment in the bank by the provincial government is Rs10 billion. President Zardar
Published 27 Dec, 2010 12:00am
Zardari inaugurates Sindh Bank

Zardari inaugurates Sindh Bank

President Asif Ali Zardari on Sunday inaugurated Sindh Bank''s branch in Naudero. This is the first bank set up in the province by the Government of Sindh and the initial investment in the bank by the provincial government is Rs10 billion. President Zarda
Published 27 Dec, 2010 12:00am
Probe into BB's murder: report to be presented at next CEC meeting: Awan

Probe into BB's murder: report to be presented at next CEC meeting: Awan

Report regarding the ongoing investigation into the assassination of Benazir Bhutto would be presented at the next meeting of Central Executive Committee (CEC) of Pakistan People's Party, Federal Law Minister Babar Awan told media persons late Sunday, Aaj
Published 27 Dec, 2010 12:00am
Probe into BB's murder: report to be presented at next CEC meeting: Awan

Probe into BB's murder: report to be presented at next CEC meeting: Awan

Report regarding the ongoing investigation into the assassination of Benazir Bhutto would be presented at the next meeting of Central Executive Committee (CEC) of Pakistan People's Party, Federal Law Minister Babar Awan told media persons late Sunday, Aaj
Published 27 Dec, 2010 12:00am
Benazir's third death anniversary today

Benazir's third death anniversary today

The third death anniversary of a former prime minister, Benazir Bhutto will be observed on Monday with a resolve to carry on her mission for strengthening democracy in the country. Benazir's political career, which spanned over 30 years, was full of consi
Published 27 Dec, 2010 12:00am
Benazir's third death anniversary today

Benazir's third death anniversary today

The third death anniversary of a former prime minister, Benazir Bhutto will be observed on Monday with a resolve to carry on her mission for strengthening democracy in the country. Benazir's political career, which spanned over 30 years, was full of consi
Published 27 Dec, 2010 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Easy trend was seen on the currency market during the shortened week, ended on December 24, 2010 as all banks were closed on Saturday on account of Quaid-e-Azam's birth anniversary. On the interbank market, range-bound trading was seen as the rupee moved
Published 27 Dec, 2010 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Easy trend was seen on the currency market during the shortened week, ended on December 24, 2010 as all banks were closed on Saturday on account of Quaid-e-Azam's birth anniversary. On the interbank market, range-bound trading was seen as the rupee moved
Published 27 Dec, 2010 12:00am
Power sector: IFIs' loans linked to good governance

Power sector: IFIs' loans linked to good governance

The international financial institutions (IFIs) have linked their loan programme for Pakistan's power sector with improvement of governance under 'Vision 20-20' programme, which requires $17.7bn through private sector.
Published 27 Dec, 2010 12:00am
Power sector: IFIs' loans linked to good governance

Power sector: IFIs' loans linked to good governance

The international financial institutions (IFIs) have linked their loan programme for Pakistan's power sector with improvement of governance under 'Vision 20-20' programme, which requires $17.7bn through private sector.
Published 27 Dec, 2010 12:00am
Power sector: IFIs'' loans linked to good governance

Power sector: IFIs'' loans linked to good governance

The international financial institutions (IFIs) have linked their loan programme for Pakistan''s power sector with improvement of governance under ''Vision 20-20'' programme, which requires $17.7bn through private sector.
Published 27 Dec, 2010 12:00am
Pepco firms up five-year power generation plan

Pepco firms up five-year power generation plan

The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder.
Published 27 Dec, 2010 12:00am
Pepco firms up five-year power generation plan

Pepco firms up five-year power generation plan

The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder.
Published 27 Dec, 2010 12:00am
Pepco firms up five-year power generation plan

Pepco firms up five-year power generation plan

The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder.
Published 27 Dec, 2010 12:00am
ECC criticised for not extending DTRE to whole of country

ECC criticised for not extending DTRE to whole of country

The Pakistan Vanaspati Manufacturers Association (PVMA) has criticised the Economic Co-ordination Committee (ECC) of the Cabinet for not extending Duty Tax Remission for Exports (DTRE) scheme across Pakistan, official sources told Business Recorder.</i
Published 27 Dec, 2010 12:00am
ECC criticised for not extending DTRE to whole of country

ECC criticised for not extending DTRE to whole of country

The Pakistan Vanaspati Manufacturers Association (PVMA) has criticised the Economic Co-ordination Committee (ECC) of the Cabinet for not extending Duty Tax Remission for Exports (DTRE) scheme across Pakistan, official sources told Business Recorder.</i
Published 27 Dec, 2010 12:00am
ECC criticised for not extending DTRE to whole of country

ECC criticised for not extending DTRE to whole of country

The Pakistan Vanaspati Manufacturers Association (PVMA) has criticised the Economic Co-ordination Committee (ECC) of the Cabinet for not extending Duty Tax Remission for Exports (DTRE) scheme across Pakistan, official sources told Business Recorder.</i
Published 27 Dec, 2010 12:00am
'Electronic payment, refund system' successfully tested

'Electronic payment, refund system' successfully tested

The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the 'Electronic Payment and Refund System' (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts in
Published 27 Dec, 2010 12:00am
'Electronic payment, refund system' successfully tested

'Electronic payment, refund system' successfully tested

The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the 'Electronic Payment and Refund System' (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts in
Published 27 Dec, 2010 12:00am
''Electronic payment, refund system'' successfully tested

''Electronic payment, refund system'' successfully tested

The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the ''Electronic Payment and Refund System'' (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts
Published 27 Dec, 2010 12:00am
Index gains 72.08 points

Index gains 72.08 points

The KSE-100 index gained 72.08 points during the week ended on December 25, 2010 and closed at 11,858.17 points. Trading remained low and the average daily volume at the ready counter declined to 100.21 million shares, by 32.4 percent, as compared to prev
Published 27 Dec, 2010 12:00am
Index gains 72.08 points

Index gains 72.08 points

The KSE-100 index gained 72.08 points during the week ended on December 25, 2010 and closed at 11,858.17 points. Trading remained low and the average daily volume at the ready counter declined to 100.21 million shares, by 32.4 percent, as compared to prev
Published 27 Dec, 2010 12:00am
Index gains 72.08 points

Index gains 72.08 points

The KSE-100 index gained 72.08 points during the week ended on December 25, 2010 and closed at 11,858.17 points. Trading remained low and the average daily volume at the ready counter declined to 100.21 million shares, by 32.4 percent, as compared to prev
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Study ties brain structure size to socialising

Study ties brain structure size to socialising

If you spend time with a lot of friends, a part of your brain may be unusually large. That part is called the amygdala (uh-MIG'-duh-luh), and it's deep in your brain. Researchers found that among volunteers who got brain scans, those with a bigger amygdal
Published 27 Dec, 2010 12:00am
PML-Likeminded to start mass contact campaign

PML-Likeminded to start mass contact campaign

PML like-minded President Senator Salim Saifullah Khan has said that the party's central leaders would start the mass contact campaign in Punjab next month. He said this in a telephonic conversation with provincial secretary Information Mian Muhammad Asif
Published 27 Dec, 2010 12:00am
Mexican army mistrusts other government's agencies: Leak

Mexican army mistrusts other government's agencies: Leak

A leaked US diplomatic cable published Saturday depicts the leader of Mexico's army ``lamenting' its lengthy role in the anti-drug offensive, but expecting it to last between seven and 10 more years. The cable says Mexican Defense Secretary General Guille
Published 27 Dec, 2010 12:00am
Rulers deceiving public: Khosa

Rulers deceiving public: Khosa

Senior Advisor to Chief Minister Punjab, Sardar Zulfiqar Khan Khosa said that the rulers who are deceiving the public in the name of democracy have no right to remain in the rule. It is just because of their merrymaking that people are starving for the si
Published 27 Dec, 2010 12:00am
Iran agrees to release fuel tankers for Afghanistan

Iran agrees to release fuel tankers for Afghanistan

Afghan Vice President Mohammad Qasim Fahim said on Sunday that Iran has agreed to lift a ban on fuel tankers crossing into Afghanistan that has left hundreds of trucks stranded at the border.
Published 27 Dec, 2010 12:00am
Strict action against drug hoarding directed

Strict action against drug hoarding directed

Executive District Officer Health, Dr Umer Farooq Baloch has directed to start stern drive against the artificial shortage of drugs to point out elements involved in the heinous crime. He also said concerned staff of health department should fulfil their
Published 27 Dec, 2010 12:00am
Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh, Yousuf Leghari, resigned on Sunday, a private TV channel reported. According to the channel, Yousuf Leghari resigned as AG Sindh due to the 'attitude' of provincial law minister. Talking to the channel, the Advocate General said he
Published 27 Dec, 2010 12:00am
Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh, Yousuf Leghari, resigned on Sunday, a private TV channel reported. According to the channel, Yousuf Leghari resigned as AG Sindh due to the 'attitude' of provincial law minister. Talking to the channel, the Advocate General said he
Published 27 Dec, 2010 12:00am
Second year of privatisation plan to draw a blank

Second year of privatisation plan to draw a blank

As the current calendar year is coming to its end, the government's privatisation programme has been 'zero-plus-zero', with not even a single deal to its credit in 2010, like 2009.
Published 27 Dec, 2010 12:00am
Second year of privatisation plan to draw a blank

Second year of privatisation plan to draw a blank

As the current calendar year is coming to its end, the government's privatisation programme has been 'zero-plus-zero', with not even a single deal to its credit in 2010, like 2009.
Published 27 Dec, 2010 12:00am
Second year of privatisation plan to draw a blank

Second year of privatisation plan to draw a blank

As the current calendar year is coming to its end, the government''s privatisation programme has been ''zero-plus-zero'', with not even a single deal to its credit in 2010, like 2009.
Published 27 Dec, 2010 12:00am
Bangladesh court seeks arrest of local TI leaders

Bangladesh court seeks arrest of local TI leaders

A Bangladeshi court on Sunday issued an arrest warrant for the leaders of the national chapter of corruption watchdog Transparency International (TI), accusing them of tarnishing the reputation of the judiciary.
Published 27 Dec, 2010 12:00am
Bangladesh court seeks arrest of local TI leaders

Bangladesh court seeks arrest of local TI leaders

A Bangladeshi court on Sunday issued an arrest warrant for the leaders of the national chapter of corruption watchdog Transparency International (TI), accusing them of tarnishing the reputation of the judiciary.
Published 27 Dec, 2010 12:00am
World may recognise Palestinian state soon: Israeli minister

World may recognise Palestinian state soon: Israeli minister

With peace talks stalled, the "entire world" could recognise a Palestinian state within a year, a dovish Israeli cabinet minister warned Sunday, urging the resumption of negotiations. The comments from Industry and Trade Minister Benjamin Ben Eliezer come
Published 27 Dec, 2010 12:00am
World may recognise Palestinian state soon: Israeli minister

World may recognise Palestinian state soon: Israeli minister

With peace talks stalled, the "entire world" could recognise a Palestinian state within a year, a dovish Israeli cabinet minister warned Sunday, urging the resumption of negotiations. The comments from Industry and Trade Minister Benjamin Ben Eliezer come
Published 27 Dec, 2010 12:00am
Economist jailed for criticising Iran government

Economist jailed for criticising Iran government

An Iranian news agency says authorities have confirmed that remarks by an economist critical of the government's subsidy cuts were the reason for his detention. The Sunday report by the semi official Mehr news agency quotes Abbas Jafari Dowlatabadi, Tehra
Published 27 Dec, 2010 12:00am
Economist jailed for criticising Iran government

Economist jailed for criticising Iran government

An Iranian news agency says authorities have confirmed that remarks by an economist critical of the government's subsidy cuts were the reason for his detention. The Sunday report by the semi official Mehr news agency quotes Abbas Jafari Dowlatabadi, Tehra
Published 27 Dec, 2010 12:00am
Obama, Ban, Karzai condemn WFP centre attack

Obama, Ban, Karzai condemn WFP centre attack

US President Barack Obama on Saturday strongly condemned the "outrageous" terrorist attack in Khar tribal area and reaffirmed his administration's support for Pakistan's peace and security efforts for its people.
Published 27 Dec, 2010 12:00am
Four persons of family die as house catches fire

Four persons of family die as house catches fire

Four persons of family die and two other injured when a small house caught fire in Misalabad village here on Sunday, police said. The house caught fire due to gas cylinder blast in a camp of Nawab Khan when the family was fast asleep on wee hours of Sunda
Published 27 Dec, 2010 12:00am
Imran due today in Muzaffargarh

Imran due today in Muzaffargarh

Pakistan Tehrik-i-Insaf (PTI) Chairman Imran Khan will reach Muzaffargarh for a day-long visit here on December 27. According to a statement issued here, he will address lawyers of the district bar and also meet with mediapersons.
Published 27 Dec, 2010 12:00am
Petraeus commends Pakistan's counterinsurgency

Petraeus commends Pakistan's counterinsurgency

The top US and Nato commander in Afghanistan said there will be more coordinated military operations on either side of the Afghanistan-Pakistan border, and commended Pakistan on its ``impressive' counterinsurgency efforts.
Published 27 Dec, 2010 12:00am
CJP constitutes two-judge bench for next week

CJP constitutes two-judge bench for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted a bench to hear a number of cases at the principal seat in the next week starting from December 27. A two-judge bench of Justice Muhammad Sair Ali and Justice Asif Saeed Khan Khosa will
Published 27 Dec, 2010 12:00am
Two including BNP leader killed in Khuzdar

Two including BNP leader killed in Khuzdar

Raees Abdul Latif Shahwani, a member of Central Executive Committee of Balochistan National Party (BNP) and a child were shot dead by unknown gunmen at Seerat roundabout in Khuzdar on Sunday. Police sources confided that the BNP leader was on his way to h
Published 27 Dec, 2010 12:00am
New species of Salvadora discovered

New species of Salvadora discovered

Eminent botanists of Sindh University (SU) Professor Dr Muhammad Tahir Rajput and Dr Syeda Saleha Hassney have discovered new species of Salvadora from Sindh.
Published 27 Dec, 2010 12:00am
Provisional ATL to be displayed on FBR website from February 1

Provisional ATL to be displayed on FBR website from February 1

The provisional 'Active Taxpayer List" of the income tax will be displayed on the website of the Federal Board of Revenue (FBR) from February 1, 2011 to restrict business community to only interact with the compliant persons, including buyers and sellers.
Published 27 Dec, 2010 12:00am
Change in system best revenge of BB's assassination: President

Change in system best revenge of BB's assassination: President

PPP co-chairman and President Asif Ali Zardari on Sunday said the PPP does not believe in personal revenge and was taking revenge of the assassination of Benazir Bhutto by changing the system. "We are taking the revenge of Mohtarma's assassination by chan
Published 27 Dec, 2010 12:00am
Education essential for elimination of terrorism: Hamza

Education essential for elimination of terrorism: Hamza

Member National Assembly of Muslim League-N (PML-N), Hamza Shahbaz Sharif has said that promotion of education is essential for elimination of terrorism and other problems. He said that democracy would have to be strengthened for continuity of development
Published 27 Dec, 2010 12:00am
President visits Mazar of Benazir Bhutto

President visits Mazar of Benazir Bhutto

President Asif Ali Zardari here on Sunday visited the mazar of Shaheed Mohtarma Benazir Bhutto, laid floral wreath and offered Fateha. He was accompanied by daughters Bakhtawar Bhutto Zardari and Asifa Bhutto Zardari. On the occasion, the President also r
Published 27 Dec, 2010 12:00am
President and Prime Minister discuss political situation

President and Prime Minister discuss political situation

Prior to the PPP's Central Executive Committee meeting, Prime Minister Syed Yousuf Raza Gilani met President Asif Ali Zardari here on Sunday. During the meeting overall political situation of the country and matters of national importance were discussed.
Published 27 Dec, 2010 12:00am
Senate Chairman visits BB's Mazar

Senate Chairman visits BB's Mazar

Senate Chairman, Farooq H. Naek, here on Sunday visited the Mazar of Shaheed Mohtarma Benazir Bhutto on the eve of her third death anniversary. He laid a floral wreath at the grave of Shaheed Mohtarma Benazir Bhutto and offered Fateha.
Published 27 Dec, 2010 12:00am
Attack on police: around 90 suspects held in Quetta

Attack on police: around 90 suspects held in Quetta

About 90 people from various localities of Quetta city have been nabbed following the attack on the police mobile team in which one police official was killed and seven others were injured. This was stated by the DIG operations Hamid Shakeel during a pres
Published 27 Dec, 2010 12:00am
Benazir was great visionary leader of the region: minister

Benazir was great visionary leader of the region: minister

The Senior Sindh Minister for Education Pir Mazharul Haq has said that Benazir Bhutto was great visionary leader of the region who had gave us Five-Es'-Formula for the development of Pakistan and prosperity of its people. He vowed that Pakistan Peoples Pa
Published 27 Dec, 2010 12:00am
BB's philosophy being implemented by PPP: Jahangir Badar

BB's philosophy being implemented by PPP: Jahangir Badar

Shaheed Benazir Bhutto's philosophy, a guiding principle for the Pakistan Peoples Party, is being implemented in letter and spirit by the PPP leadership, said General Secretary PPP Jahangir Badar.
Published 27 Dec, 2010 12:00am
Gilani visits Ghari Khuda Bux

Gilani visits Ghari Khuda Bux

Prime Minister, Syed Yusuf Raza Gilani here on Sunday visited the mausoleum of Shaheed Mohtarma Benazir Bhutto, laid floral wreath and offered Fateha. Gilani also visited mausoleums of Shaheed Zulfikar Ali Bhutto, Shaheed Murtaza Bhutto and Shaheed Shahna
Published 27 Dec, 2010 12:00am
Death anniversary of BB to be observed in AJK

Death anniversary of BB to be observed in AJK

Like the rest of Pakistan and other parts of the world, all are set to observe the third martyrdom anniversary of former Prime Minister Benazir Bhutto Shaheed across Azad Jammu Kashmir (AJK) on December 27 with due reverence and honour on.
Published 27 Dec, 2010 12:00am
Benazir Bhutto Mobile Banking inaugurated

Benazir Bhutto Mobile Banking inaugurated

President Asif Ali Zardari has said that Mobile Banking named after Shaheed Benazir Bhutto is being started in Pakistan for the first time. The Mobile Banking will help promote E-banking, he further said.
Published 27 Dec, 2010 12:00am
BB's life an embodiment of courage, commitment: Prime Minister

BB's life an embodiment of courage, commitment: Prime Minister

Prime Minister, Syed Yusuf Raza Gilani has said that the life of Shaheed Mohtarma Benazir Bhutto is a classic story of courage and commitment towards people's welfare, and steel-like determination to accomplish the goals she set before herself.
Published 27 Dec, 2010 12:00am
Four Turkish engineers abducted in Afghanistan

Four Turkish engineers abducted in Afghanistan

Four Turkish engineers working for a construction firm and their Afghan driver were kidnapped Sunday in eastern Afghanistan, a senior local official told AFP. The men were abducted in the restive Paktia province as they travelled from a building site in D
Published 27 Dec, 2010 12:00am
35 mourners killed in India road crash

35 mourners killed in India road crash

At least 35 people were killed in northern India following a collision between a bus and a truck carrying mourners returning from a funeral, police said Sunday. The accident left 30 injured in the Ujhani area near the town of Badaun in Uttar Pradesh state
Published 27 Dec, 2010 12:00am
Former Venezuela leader Perez dies at 88

Former Venezuela leader Perez dies at 88

Former Venezuelan President Carlos Andres Perez, who survived two coup attempts but was finally forced from office as the first Latin American leader to be convicted of corruption, died on Saturday in Miami.
Published 27 Dec, 2010 12:00am
Gbagbo warns Ivory Coast intervention would provoke war

Gbagbo warns Ivory Coast intervention would provoke war

Ivory Coast strongman Laurent Gbagbo on Sunday appeared bent on clinging to power, warning West African leaders any attempt to oust him could ruin the regional economy and trigger civil war.
Published 27 Dec, 2010 12:00am
Basel airport blocks Gbagbo's plane

Basel airport blocks Gbagbo's plane

Airport authorities in Basel have confiscated the airplane of Laurent Gbagbo, the incumbent president of Ivory Coast, media reports in Switzerland said Sunday. According to an initial report on NZZ Online, the block on letting the presidential plane retur
Published 27 Dec, 2010 12:00am
Failed rocket launch threatens India's space ambitions

Failed rocket launch threatens India's space ambitions

The explosion of an Indian space rocket is likely to hit the country's efforts to push further into the global market for launching commercial satellites, experts warned Sunday. The unmanned Geosynchronous Satellite Launch Vehicle (GSLV) blew up live on t
Published 27 Dec, 2010 12:00am
Playboy's Hefner proposes to 24-year-old Playmate

Playboy's Hefner proposes to 24-year-old Playmate

In a Christmas message on Twitter, 84-year-old Playboy tycoon Hugh Hefner said Sunday he had proposed to girlfriend Crystal Harris, a former Playmate of the Month 60 years his junior. "When I gave Crystal the ring, she burst into tears. This is the happie
Published 27 Dec, 2010 12:00am
Security focus on soft terror targets: US official

Security focus on soft terror targets: US official

The United States is stepping up security at "soft targets" like hotels and shopping malls, as well as trains and ports, as it counters the evolving al Qaeda threat, a top official said Sunday.
Published 27 Dec, 2010 12:00am
Just as Europe thaws, US freezes

Just as Europe thaws, US freezes

A massive snow storm forced hundreds of flight cancellations at US airports Sunday, creating travel misery for thousands of Christmas travellers just as conditions in Europe began to ease.
Published 27 Dec, 2010 12:00am
Eight Americans killed in Egypt bus crash

Eight Americans killed in Egypt bus crash

Eight American tourists were killed and 21 injured on Sunday when their bus collided with a truck near the southern Egyptian city of Aswan, police and the official MENA news agency said. The bus, which was carrying 37 tourists from the United States, was
Published 27 Dec, 2010 12:00am
Gaza aid ferry receives hero's welcome in Turkey

Gaza aid ferry receives hero's welcome in Turkey

A Turkish ferry which was the target of a deadly raid by Israeli commandos when it tried to deliver aid to Gaza received a rapturous welcome from thousands on Sunday as it arrived back in Istanbul. Crowds waving Turkish and Palestinian flags lined the qua
Published 27 Dec, 2010 12:00am
Israel not to apologise to Turkey over Gaza aid convoy raid

Israel not to apologise to Turkey over Gaza aid convoy raid

Israeli Foreign Minister Avigdor Lieberman vowed on Sunday that Israel would not apologise to Turkey for a commando raid on a Gaza-bound aid ship that killed nine Turkish activists. Speaking in Jerusalem at a meeting of Israel's ambassadors, Lieberman sai
Published 27 Dec, 2010 12:00am
Militants killed as violence surges on Gaza border

Militants killed as violence surges on Gaza border

Israel and Palestinian militants traded threats on Sunday after two Islamic Jihad fighters were killed in fresh skirmishes along the tense Gaza Strip border. The escalation of violence came on the eve of the second anniversary of Israel's devastating "Ope
Published 27 Dec, 2010 12:00am
Clashes in Nigerian city after deadly Christmas bombings

Clashes in Nigerian city after deadly Christmas bombings

Clashes left at least one person dead and a number of houses burned in the Nigerian city of Jos on Sunday amid tensions following a series of Christmas Eve bomb attacks that killed dozens. Soldiers patrolled the streets of the central Nigerian city and au
Published 27 Dec, 2010 12:00am
US DEA reach goes beyond narcotics: cables

US DEA reach goes beyond narcotics: cables

The US Drug Enforcement Administration has grown into a global intelligence organisation whose reach extends far beyond international drug trafficking, according to new US government cables.
Published 27 Dec, 2010 12:00am
Assange says signed £1.1 million in book deals

Assange says signed £1.1 million in book deals

WikiLeaks chief Julian Assange said in an interview published Sunday he had signed deals for his autobiography worth more than one million pounds (1.2 million euros, 1.5 million dollars). Assange told Britain's Sunday Times newspaper that the money would
Published 27 Dec, 2010 12:00am
Japanese shares to stay within range

Japanese shares to stay within range

Japanese shares are likely to stay within a tight range in the final trading week of 2010 with many players sitting it out for the holiday season, analysts said Friday. "With the US and European markets taking breaks and trading thinning as the year-end a
Published 27 Dec, 2010 12:00am
JGB futures softer, volume lowest in a year

JGB futures softer, volume lowest in a year

Japanese government bond futures edged lower on Friday as investors unwound buy positions reflecting falls in US Treasury prices, but activity was thin with daily turnover dipping to the lowest in about a year.
Published 27 Dec, 2010 12:00am
JGB futures softer, volume lowest in a year

JGB futures softer, volume lowest in a year

Japanese government bond futures edged lower on Friday as investors unwound buy positions reflecting falls in US Treasury prices, but activity was thin with daily turnover dipping to the lowest in about a year.
Published 27 Dec, 2010 12:00am
China to help watch stocks tick higher in 2011

China to help watch stocks tick higher in 2011

Swiss watchmaker stocks will be a key investment for those seeking to ride the roaring Chinese consumer boom expected in 2011 and shelter from prevailing economic headwinds in the West. High exposure to China should allow Swatch Group and Richemont shares
Published 27 Dec, 2010 12:00am
Emerging markets guru Mobius struggles outside Asia

Emerging markets guru Mobius struggles outside Asia

Templeton emerging markets funds investing beyond Asia have failed to match the strong returns of its flagship Asian product, putting pressure on star manager Mark Mobius to turn the tide or risk eroding his reputation among investors in markets such as R
Published 27 Dec, 2010 12:00am
Emerging markets guru Mobius struggles outside Asia

Emerging markets guru Mobius struggles outside Asia

Templeton emerging markets funds investing beyond Asia have failed to match the strong returns of its flagship Asian product, putting pressure on star manager Mark Mobius to turn the tide or risk eroding his reputation among investors in markets such as R
Published 27 Dec, 2010 12:00am
London Stock Exchange headed for upbeat finish

London Stock Exchange headed for upbeat finish

The London stock market is poised to finish the year in fine shape, after breaking through the 6,000-point threshold on Friday, but analysts warn that rougher sledding can be expected in 2011. The FTSE 100 index ended the week at 6,008.92 points, a 2.34 p
Published 27 Dec, 2010 12:00am
Strong franc tests Swiss nerves and rude economic health

Strong franc tests Swiss nerves and rude economic health

Switzerland's strong currency is a boon for travelling Swiss bargain hunters or those surfing online shops abroad while its healthy economic indicators would be the envy of debt-plagued major economies.
Published 27 Dec, 2010 12:00am
Mini spikes name of the game for 2011 equity hedges

Mini spikes name of the game for 2011 equity hedges

Hedging equity positions should be cheaper next year as markets become less volatile, although macroeconomic aftershocks will underpin demand for protection. While market volatility this year - and therefore hedging costs - have lessened from a pre-Greek
Published 27 Dec, 2010 12:00am
Mini spikes name of the game for 2011 equity hedges

Mini spikes name of the game for 2011 equity hedges

Hedging equity positions should be cheaper next year as markets become less volatile, although macroeconomic aftershocks will underpin demand for protection. While market volatility this year - and therefore hedging costs - have lessened from a pre-Greek
Published 27 Dec, 2010 12:00am
Wall Street Weekahead: Santa Claus rally continues but what next?

Wall Street Weekahead: Santa Claus rally continues but what next?

Wall Street will see the year-end rally carry into the last week of 2010 but the question on everyone's mind is, "what's next?" The Dow, the S&P and the Nasdaq on Thursday were up more than 5 percent on the month and the level of optimism in the market wa
Published 27 Dec, 2010 12:00am
Previous Day