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Archive - 2011-01-09
Pakistani, Indian officials to meet in Bhutan: foreign office

Pakistani, Indian officials to meet in Bhutan: foreign office

Pakistani and Indian officials will meet at a regional conference in Bhutan next month to resume a rapprochement process between the nuclear-armed rivals, an official said Saturday. The talks are to be held during a meeting of the South Asian Association
Published 09 Jan, 2011 12:00am
Pakistani, Indian officials to meet in Bhutan: foreign office

Pakistani, Indian officials to meet in Bhutan: foreign office

Pakistani and Indian officials will meet at a regional conference in Bhutan next month to resume a rapprochement process between the nuclear-armed rivals, an official said Saturday. The talks are to be held during a meeting of the South Asian Association
Published 09 Jan, 2011 12:00am
Wealth tax: FBR still recovering arrears

Wealth tax: FBR still recovering arrears

A report of the Directorate General of Internal Audit Inland Revenue has shown an interesting fact that wealth tax was abolished in 2002-03, but the Federal Board of Revenue (FBR) is still in the process of recovering wealth tax pertaining to cases framed
Published 09 Jan, 2011 12:00am
Wealth tax: FBR still recovering arrears

Wealth tax: FBR still recovering arrears

A report of the Directorate General of Internal Audit Inland Revenue has shown an interesting fact that wealth tax was abolished in 2002-03, but the Federal Board of Revenue (FBR) is still in the process of recovering wealth tax pertaining to cases framed
Published 09 Jan, 2011 12:00am
Wealth tax: FBR still recovering arrears

Wealth tax: FBR still recovering arrears

A report of the Directorate General of Internal Audit Inland Revenue has shown an interesting fact that wealth tax was abolished in 2002-03, but the Federal Board of Revenue (FBR) is still in the process of recovering wealth tax pertaining to cases framed
Published 09 Jan, 2011 12:00am
Exclusion from ATL: registration of taxpayers will be suspended

Exclusion from ATL: registration of taxpayers will be suspended

The Federal Board of Revenue (FBR) will suspend income tax and sales tax registration of the non-compliant companies, associations of persons (AOPs) and other categories of taxpayers whose names would be excluded from the 'Active Taxpayer List' (ATL).
Published 09 Jan, 2011 12:00am
Exclusion from ATL: registration of taxpayers will be suspended

Exclusion from ATL: registration of taxpayers will be suspended

The Federal Board of Revenue (FBR) will suspend income tax and sales tax registration of the non-compliant companies, associations of persons (AOPs) and other categories of taxpayers whose names would be excluded from the 'Active Taxpayer List' (ATL).
Published 09 Jan, 2011 12:00am
Exclusion from ATL: registration of taxpayers will be suspended

Exclusion from ATL: registration of taxpayers will be suspended

The Federal Board of Revenue (FBR) will suspend income tax and sales tax registration of the non-compliant companies, associations of persons (AOPs) and other categories of taxpayers whose names would be excluded from the ''Active Taxpayer List'' (ATL).
Published 09 Jan, 2011 12:00am
Over Rs 127 million losses detected in tax collection

Over Rs 127 million losses detected in tax collection

The Federal Board of Revenue (FBR) has detected serious discrepancies in collection of additional tax and the Workers Welfare Fund (WWF) by the tax officials, pertaining to past years, causing huge revenue loss to the national exchequer. Sources told B
Published 09 Jan, 2011 12:00am
Over Rs 127 million losses detected in tax collection

Over Rs 127 million losses detected in tax collection

The Federal Board of Revenue (FBR) has detected serious discrepancies in collection of additional tax and the Workers Welfare Fund (WWF) by the tax officials, pertaining to past years, causing huge revenue loss to the national exchequer. Sources told B
Published 09 Jan, 2011 12:00am
Over Rs 127 million losses detected in tax collection

Over Rs 127 million losses detected in tax collection

The Federal Board of Revenue (FBR) has detected serious discrepancies in collection of additional tax and the Workers Welfare Fund (WWF) by the tax officials, pertaining to past years, causing huge revenue loss to the national exchequer. Sources told B
Published 09 Jan, 2011 12:00am
Clashes kill 11 amid fresh tensions in central Nigeria

Clashes kill 11 amid fresh tensions in central Nigeria

Clashes killed at least 11 people in central Nigeria on Saturday amid fresh tensions linked to a political meeting and an attack on buses carrying Muslim passengers, a military commander said. "We have counted about 11 now in different locations," said Br
Published 09 Jan, 2011 12:00am
Palestinian killed

Palestinian killed

Israeli troops shot dead a Palestinian brandishing a pipe bomb at a West Bank check point on Saturday, the army said. An army spokesman said the man leapt from a taxi and ran towards the checkpoint holding the device, shouted in a threatening manner and r
Published 09 Jan, 2011 12:00am
Renault says technology safe in industrial spy case

Renault says technology safe in industrial spy case

An international network may have obtained data about Renault's electric car programme, but its vital technology secrets are safe and production of the vehicles will not be held up, the French carmaker said on Saturday. Three Renault executives, including
Published 09 Jan, 2011 12:00am
Two Frenchmen abducted in Niamey killed

Two Frenchmen abducted in Niamey killed

Two Frenchmen kidnapped at gunpoint from a restaurant in central Niamey have been killed in unknown circumstances in Niger, security sources said Saturday. "The two Frenchmen kidnapped in Niamey have been found killed. They were killed on Niger territory,
Published 09 Jan, 2011 12:00am
Portuguese journalist killed in New York hotel

Portuguese journalist killed in New York hotel

Prominent Portuguese journalist Carlos Castro, 65, was killed at a luxury Manhattan hotel, police said on Saturday, and news reports said he had been castrated and was left lying in a pool of blood. A man was being held as a "person of interest" at New Yo
Published 09 Jan, 2011 12:00am
All MQM reservations would be addressed: Gilani

All MQM reservations would be addressed: Gilani

Prime Minister Syed Yousuf Raza Gilani has assured Muttahida Qaumi Movement that all its reservations would be addressed. During a telephonic conversation with MQM Quaid Altaf Hussain here on Saturday, Gilani expressed gratitude over the decision of MQM t
Published 09 Jan, 2011 12:00am
All MQM reservations would be addressed: Gilani

All MQM reservations would be addressed: Gilani

Prime Minister Syed Yousuf Raza Gilani has assured Muttahida Qaumi Movement that all its reservations would be addressed. During a telephonic conversation with MQM Quaid Altaf Hussain here on Saturday, Gilani expressed gratitude over the decision of MQM t
Published 09 Jan, 2011 12:00am
Onion prices fall by Rs 15 to 20

Onion prices fall by Rs 15 to 20

The retail prices of onions in the wholesale market have fallen by rupees 10-15 per kg after imposition of ban on its export to India. However retailers say that the impact of fall in prices in unorganised retail markets would take sometime because local
Published 09 Jan, 2011 12:00am
Onion prices fall by Rs 15 to 20

Onion prices fall by Rs 15 to 20

The retail prices of onions in the wholesale market have fallen by rupees 10-15 per kg after imposition of ban on its export to India. However retailers say that the impact of fall in prices in unorganised retail markets would take sometime because local
Published 09 Jan, 2011 12:00am
Onion prices fall by Rs 15 to 20

Onion prices fall by Rs 15 to 20

The retail prices of onions in the wholesale market have fallen by rupees 10-15 per kg after imposition of ban on its export to India. However retailers say that the impact of fall in prices in unorganised retail markets would take sometime because local
Published 09 Jan, 2011 12:00am
PPP will not quit Punjab government: Farhat

PPP will not quit Punjab government: Farhat

Presidential spokesman Farhatullah Babar on Sunday said PPP will not quit Punjab government, a private TV channel reported. Responding to a question that Pakistan Muslim League- N Quaid Nawaz Sharif had said that the PML-N would part its ways with PPP in
Published 09 Jan, 2011 12:00am
17 hydropower projects to be functional by 2017

17 hydropower projects to be functional by 2017

The Federal Government has lifted certain restrictions on establishing electricity projects of over 50 mw, which will pave the way for setting up 17 hydropower projects in Azad Jammu and Kashmir, Kyber Pakhtunkhwa (KP) and Punjab provinces. All these proj
Published 09 Jan, 2011 12:00am
17 hydropower projects to be functional by 2017

17 hydropower projects to be functional by 2017

The Federal Government has lifted certain restrictions on establishing electricity projects of over 50 mw, which will pave the way for setting up 17 hydropower projects in Azad Jammu and Kashmir, Kyber Pakhtunkhwa (KP) and Punjab provinces. All these proj
Published 09 Jan, 2011 12:00am
17 hydropower projects to be functional by 2017

17 hydropower projects to be functional by 2017

The Federal Government has lifted certain restrictions on establishing electricity projects of over 50 mw, which will pave the way for setting up 17 hydropower projects in Azad Jammu and Kashmir, Kyber Pakhtunkhwa (KP) and Punjab provinces. All these proj
Published 09 Jan, 2011 12:00am
Straw in row over sex abuse comments on young Pakistani males

Straw in row over sex abuse comments on young Pakistani males

Former Labour home secretary Jack Straw said on Saturday some young Pakistani men regard white girls as easy targets for sexual abuse, drawing criticism from the Muslim community and other MPs. The Blackburn MP made his concerns public after the jailing o
Published 09 Jan, 2011 12:00am
Straw in row over sex abuse comments on young Pakistani males

Straw in row over sex abuse comments on young Pakistani males

Former Labour home secretary Jack Straw said on Saturday some young Pakistani men regard white girls as easy targets for sexual abuse, drawing criticism from the Muslim community and other MPs. The Blackburn MP made his concerns public after the jailing o
Published 09 Jan, 2011 12:00am
Sadr exhorts Iraqis to resist US 'occupiers'

Sadr exhorts Iraqis to resist US 'occupiers'

Radical Shiite cleric Moqtada al-Sadr on Saturday exhorted a boisterous crowd to resist the US "occupation" by all means, in his first speech since returning to his Iraqi home city of Najaf. "We still resist the occupier, by military resistance, and all t
Published 09 Jan, 2011 12:00am
Sadr exhorts Iraqis to resist US 'occupiers'

Sadr exhorts Iraqis to resist US 'occupiers'

Radical Shiite cleric Moqtada al-Sadr on Saturday exhorted a boisterous crowd to resist the US "occupation" by all means, in his first speech since returning to his Iraqi home city of Najaf. "We still resist the occupier, by military resistance, and all t
Published 09 Jan, 2011 12:00am
US to boost military aid: Washington Post

US to boost military aid: Washington Post

The United States will provide Pakistan with more military, intelligence and economic aid, even though some officials feel it is not doing enough to combat militants, The Washington Post reported late Friday. The newspaper said Vice President Josep
Published 09 Jan, 2011 12:00am
US to boost military aid: Washington Post

US to boost military aid: Washington Post

The United States will provide Pakistan with more military, intelligence and economic aid, even though some officials feel it is not doing enough to combat militants, The Washington Post reported late Friday. The newspaper said Vice President Josep
Published 09 Jan, 2011 12:00am
Government to audition bankers for AIG offering: WSJ

Government to audition bankers for AIG offering: WSJ

The US government will audition bankers to manage a public offering of its stake in insurer American International Group, according to a report on Saturday in the Wall Street Journal. Citing "people familiar with the matter" the paper said auditions would
Published 09 Jan, 2011 12:00am
Government to audition bankers for AIG offering: WSJ

Government to audition bankers for AIG offering: WSJ

The US government will audition bankers to manage a public offering of its stake in insurer American International Group, according to a report on Saturday in the Wall Street Journal. Citing "people familiar with the matter" the paper said auditions would
Published 09 Jan, 2011 12:00am
Government to audition bankers for AIG offering: WSJ

Government to audition bankers for AIG offering: WSJ

The US government will audition bankers to manage a public offering of its stake in insurer American International Group, according to a report on Saturday in the Wall Street Journal. Citing "people familiar with the matter" the paper said auditions would
Published 09 Jan, 2011 12:00am
UBL Fund announces payout

UBL Fund announces payout

UBL Fund Managers Limited, one of the leading asset management company in Pakistan, announced second interim payout from its money market scheme, UBL Liquidity Plus Fund (ULPF) for the period ended December 29, 2010. A payout of Rs 2.75 per unit of par va
Published 09 Jan, 2011 12:00am
UBL Fund announces payout

UBL Fund announces payout

UBL Fund Managers Limited, one of the leading asset management company in Pakistan, announced second interim payout from its money market scheme, UBL Liquidity Plus Fund (ULPF) for the period ended December 29, 2010. A payout of Rs 2.75 per unit of par va
Published 09 Jan, 2011 12:00am
Stability rating of JS Income Fund revised

Stability rating of JS Income Fund revised

The Pakistan Credit Rating Agency (Pacra) has revised the stability rating to 'A+(f)' (Single A Plus - Fund Rating) [Previous rating: "AA-(f)" (Double A Minus - Fund Rating)] of JS Income Fund (JSIF) an open-end income fund.
Published 09 Jan, 2011 12:00am
Stability rating of JS Income Fund revised

Stability rating of JS Income Fund revised

The Pakistan Credit Rating Agency (Pacra) has revised the stability rating to 'A+(f)' (Single A Plus - Fund Rating) [Previous rating: "AA-(f)" (Double A Minus - Fund Rating)] of JS Income Fund (JSIF) an open-end income fund.
Published 09 Jan, 2011 12:00am
Pacra maintains MAM entity ratings

Pacra maintains MAM entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Modaraba Al-Mali (MAM) at "A-" (single A minus) and "A2" (A two), respectively. Meanwhile, the negative outlook on the ratings has been removed.
Published 09 Jan, 2011 12:00am
Pacra maintains MAM entity ratings

Pacra maintains MAM entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Modaraba Al-Mali (MAM) at "A-" (single A minus) and "A2" (A two), respectively. Meanwhile, the negative outlook on the ratings has been removed.
Published 09 Jan, 2011 12:00am
Four Indian boats seized for illegal fishing

Four Indian boats seized for illegal fishing

The Maritime Security Agency (MSA) has apprehended four Indian fishing boats along with a crew of 10 for illegal fishing in Pakistani waters. An MSA statement here on Saturday said the Indian fishing boats were operating approximately 44 NM inside Pakista
Published 09 Jan, 2011 12:00am
First LadiesFund Networking Luncheon Series launched

First LadiesFund Networking Luncheon Series launched

The British Deputy High Commission Karachi and Dawood Capital Management Limited (DCML) on Saturday launched Pakistan's first LadiesFund Networking Luncheon Series for professional women in Pakistan.
Published 09 Jan, 2011 12:00am
CCPO asked to hold meeting with traders to check extortion

CCPO asked to hold meeting with traders to check extortion

Sindh Home Minister Dr Zulfiqar Mirza has directed the CCPO Karachi to hold meeting with business community of the metropolis and remove their grievances pertaining to alleged cases of 'extortion.' "A joint operation should be conducted by Police and Rang
Published 09 Jan, 2011 12:00am
OPD, influenza lab at Civil Hospital inaugurated

OPD, influenza lab at Civil Hospital inaugurated

Sindh health department is facing financial problems but is committed to meet the healthcare needs of the masses without any compromise on quality and availability, said Sindh Health Minister, Dr Saghir Ahmed on Friday. Speaking at the inaugural ceremony
Published 09 Jan, 2011 12:00am
Kati delegation visits EOBI head-office

Kati delegation visits EOBI head-office

A delegation of Korangi Association of Trade and Industry (Kati) led by Jauhar Ali Qandhari visited EOBl Head Office and held a meeting with its Chairman Zafar Iqbal Gondal here on Saturday. This was stated by the spokesperson of the Employees Old-age Ben
Published 09 Jan, 2011 12:00am
MBBS Annual Batch 2010: LUMHS invites applications from graduates

MBBS Annual Batch 2010: LUMHS invites applications from graduates

The Medical Superintendent, Liaquat University Hospital Hyderabad / Jamshoro has invited the application from the Medical Graduates MBBS Annual Batch 2010 Liaquat University of Medical & Health Sciences (LUMHS) Jamshoro on prescribed forms available at Ho
Published 09 Jan, 2011 12:00am
Engro Excellence Awards: The stars of Pakistan honoured

Engro Excellence Awards: The stars of Pakistan honoured

Engro Corporation Limited held a grand ceremony to celebrate and recognise the accomplishments of the three eminent Pakistanis chosen as the winners of the first edition of Engro Excellence Award 2011.
Published 09 Jan, 2011 12:00am
Naila meets Shahbaz

Naila meets Shahbaz

Pakistani Ambassador in Argentine Naila Chauhan called on Punjab Chief Minister Shahbaz Sharif here on Saturday. Various matters of mutual interest and promotion of trade and economic relations between Pakistan and Argentine were discussed during the meet
Published 09 Jan, 2011 12:00am
Parts of Baloch belt remain closed

Parts of Baloch belt remain closed

A group of angry youths set on fire the local post office here on Saturday. According to the police the youths who were protesting the killing of two student leaders took out to streets and set ablaze the post office. However, the authorities succeeded in
Published 09 Jan, 2011 12:00am
Businessmen urged to acquire sales, marketing expertise

Businessmen urged to acquire sales, marketing expertise

The discipline of sales management and marketing play an important role in the development and growth of industrial sector. With the advancement of information technology, the world has converted into a global village and World Trade Organisation Rules ar
Published 09 Jan, 2011 12:00am
Cold wave, thick fog grip parts of the country; flights suspended

Cold wave, thick fog grip parts of the country; flights suspended

Extreme fog has caused massive disturbance to traffic flow on roads and flight schedule in the federal capital besides upper parts of the country and interior Sindh on Saturday. The twin cities of Islamabad and Rawalpindi were enveloped by thick fog. The
Published 09 Jan, 2011 12:00am
Zardari's 'reconciliatory' approach creates mess: SNF

Zardari's 'reconciliatory' approach creates mess: SNF

Chairman, Sindh National Front (SNF), Mumtaz Ali Bhutto has said that the reconciliatory politics by Zardari-led government has created a mess for the public, and a common man has got nothing during the three-year reconciliatory politics. He expressed the
Published 09 Jan, 2011 12:00am
Taseer's daughter leads protest rally

Taseer's daughter leads protest rally

The late Salmaan Taseer's daughter led a protest rally and demanded of the government to convict Malik Mumtaz Qadri, murderer of Governor Punjab Salman Taseer. The rally was organised by different NGOs to protest against the killing of Governor Punjab Sal
Published 09 Jan, 2011 12:00am
Five kg explosive recovered at Mochko Goth

Five kg explosive recovered at Mochko Goth

Police on Saturday recovered five kilogram high explosive at Mochko Goth in the jurisdiction of Saeedabad Police Station. According to police sources, they had received a phone call by unknown caller, which revealed that an unclaimed motorbike bearing reg
Published 09 Jan, 2011 12:00am
HHRD to distribute 'winter package' among flood victims

HHRD to distribute 'winter package' among flood victims

In a bid to ward off cold winter waves, Helping Hand for Relief and Development (HHRD) decided to distribute 'winter package' worth Rs 9 million among the flood affectees across the country. This was stated by Fazal-ur-Rehman, Country Director HHRD here o
Published 09 Jan, 2011 12:00am
Shahzain Bugti's bail plea rejected

Shahzain Bugti's bail plea rejected

The Session Court of Quetta has rejected the bail application of provincial president of Jamhoori Watan Party, Shahzain Bugti, here on Saturday. Shahzain's lawyer Wishisher Naath Kohli advocate told newsmen that the court has rejected the bail application
Published 09 Jan, 2011 12:00am
SNGPL maintained entity ratings

SNGPL maintained entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the 1ong-term and short-term entity ratings of Sui Northern Gas Pipelines Limited (SNGPL) at AA (double A), and AI+ (A one plus), respectively. The ratings denote a very low expectation of credit ri
Published 09 Jan, 2011 12:00am
Labour leader Nabi Ahmed passes away

Labour leader Nabi Ahmed passes away

A veteran labour leader Nabi Ahmed passed away here on Saturday morning, family sources said. He was about 82 years of age. They said that Nabi Ahmed was hospitalised on Friday night after a heart attack. His Namaz-e-Janaza was offered at Jamia Masjid Blo
Published 09 Jan, 2011 12:00am
Century Insurance's IFS rating reaffirmed at 'A'

Century Insurance's IFS rating reaffirmed at 'A'

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) rating of Century Insurance Company Limited (CICL) at 'A' (single A) with a 'Stable' Outlook. The reaffirmation takes into account sound capitalisation and liquidity
Published 09 Jan, 2011 12:00am
Certificate of Origin fees reduced

Certificate of Origin fees reduced

Following several meetings of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) with Trade Development Authority of Pakistan (TDAP) regarding the increase in the fees of GSP Form "A" from Rs 25/- to 1,000/-, it has been finally de
Published 09 Jan, 2011 12:00am
Essential kitchen items' prices register drastic increase

Essential kitchen items' prices register drastic increase

Prices of an entire range of essential kitchen items have registered a drastic increase this week, as compared to last week, a survey carried out by Business Recorder revealed. Traders at wholesale and retail markets said that during the week, pric
Published 09 Jan, 2011 12:00am
Balochistan Assembly to meet on January 20

Balochistan Assembly to meet on January 20

Balochistan Governor Nawab Zulfiqar Magsi has summoned the Provincial Assembly of Balochistan to meet in the Provincial Assembly Hall, Shara-e-Zarghoon, Quetta on Thursday, the 20th January, 2010 at 11am, said a handout issued on Saturday.
Published 09 Jan, 2011 12:00am
January 10 deadline: Ball is in PML-N's court, says Waraich

January 10 deadline: Ball is in PML-N's court, says Waraich

Pakistan People's Party Punjab President, Imtiaz Safdar Waraich said on Saturday that it is for PML-N to decide whether it would strengthen institutions or weaken them after January 10. Talking to the media after Qur'an Khuwani for late Salman Taseer at t
Published 09 Jan, 2011 12:00am
Power shortfall rises to 3000 megawatts

Power shortfall rises to 3000 megawatts

The power shortfall has risen again to 3000MW amidst ongoing canal desilting campaign. Eight to ten hours of load shedding was observed in various parts of the provincial metropolis on Saturday after the Lahore Electric Supply Corporation (Lesco) reduced
Published 09 Jan, 2011 12:00am
960 megawatts more power from Tarbela in four years: Wapda chairman

960 megawatts more power from Tarbela in four years: Wapda chairman

The Chairman of Water and Power Development Authority (Wapda) Shakil Durrani has said that additional power of 960 mw will be generated from Tarbela under new extension plan. He told APP that an estimated $700 million would be spent on the project for whi
Published 09 Jan, 2011 12:00am
97th edition of 'The Ravi' published

97th edition of 'The Ravi' published

The 97th edition of the oldest academic literary magazine of the sub-continent "The Ravi" has come out on Saturday with literary and research articles by noted writers, professors, old Ravians and the university students. The Ravi, a contemporary of Londo
Published 09 Jan, 2011 12:00am
'Pakistan needs to transform its educational policies'

'Pakistan needs to transform its educational policies'

Pakistan need to transform its educational policies by including the emerging disciplines thereby to become a real vanguard and elite member of world economy based upon knowledge and information technology. Emphasised by UAF VC Professor Dr Iqrar Ahmad Kh
Published 09 Jan, 2011 12:00am
Ban on exports of onion disappoints private sector

Ban on exports of onion disappoints private sector

The Pakistan's private sector has expressed its disappointment on the government decision to ban export of onion from Pakistan to India through land routs, while directing the business to be operated through seaports.
Published 09 Jan, 2011 12:00am
'Star Farm Suppliers' conference on January 11

'Star Farm Suppliers' conference on January 11

The Star Farm Initiative-Suppliers Conference, jointly organised by Metro Cash & Carry and Agriculture Department, will be held on Monday (tomorrow). According to the spokesman of Agriculture Department, Chief Minister Punjab Mian Muhammad Shahbaz Sharif
Published 09 Jan, 2011 12:00am
Dedicated teachers can improve standard of education

Dedicated teachers can improve standard of education

Divisional Commissioner Tahir Hussain said that dedicated, experienced and highly qualified teachers are the major source for the uplift of standard of education. He said that hard work of the teachers in academic activities showed result extra ordinary r
Published 09 Jan, 2011 12:00am
President asks Sindh Bank to allocate 40 percent jobs to women

President asks Sindh Bank to allocate 40 percent jobs to women

President Asif Ali Zardari on Saturday advised the management of Sindh Bank to consider allocating 40 percent of jobs to women in the province. He gave this advice during a briefing on the newly set up of the Sindh Bank and its operations given by its Pre
Published 09 Jan, 2011 12:00am
Cooperation in livestock sector: UVAS, UPM sign MoU

Cooperation in livestock sector: UVAS, UPM sign MoU

A Memorandum of Understanding (MoU) was signed between University of Veterinary and Animal Sciences (UVAS), Lahore and University of Putra Malaysia (UPM), regarding co-operation in the livestock sector here on Saturday.
Published 09 Jan, 2011 12:00am
New IGP police calls on Shahbaz

New IGP police calls on Shahbaz

New Inspector General Punjab Police Javed Iqbal called on Punjab Chief Minister Muhammad Shahbaz Sharif, here on Saturday. Talking on this occasion, Chief Minister said that protection of life and property of people and provision of immediate and cheep ju
Published 09 Jan, 2011 12:00am
Preparation made to tackle swine flu threat

Preparation made to tackle swine flu threat

District Health Department of City District Government Lahore is fully aware about its responsibility about the impending threat of swine flu epidemic. EDO Health Dr Umer Farooq Balouch expressed these views while addressing a workshop here on Saturday.
Published 09 Jan, 2011 12:00am
Three FC personnel injured in landmine blast

Three FC personnel injured in landmine blast

Three jawans of Frontier Constabulary (FC) were injured in a landmine blast on Saturday at Tehsil Safi Koor, Mohmand Agency, Political Administration confirmed. According to Political Authorities the blast at Tehsil Safi Qandari area in Mohmand Agency inj
Published 09 Jan, 2011 12:00am
Pro-freedom demonstrations staged in Srinagar, Baramulla

Pro-freedom demonstrations staged in Srinagar, Baramulla

Scores of people staged pro-freedom and anti-India demonstrations in Srinagar, Tral, Sopore and Baramulla areas on Saturday. According to KMS, hundreds of youth took to streets at Rajouri Kadal and Nowhatta in Srinagar and in Sopore and Baramulla areas.
Published 09 Jan, 2011 12:00am
Punjab government's flood relief efforts hailed

Punjab government's flood relief efforts hailed

Pakistan Muslim League-Nawaz Chief, Mian Nawaz Sharif has appreciated Punjab government's performance vis-à-vis construction of model villages in the flood-hit areas and provision of health and educational facilities in the province. He said this while ad
Published 09 Jan, 2011 12:00am
Punjab chief minister approves Rs 11.4 million funds

Punjab chief minister approves Rs 11.4 million funds

Chief Minister Punjab Mian Muhammad Shahbaz Sharif has approved grant of Rs 11.4 million for various development projects of Uch Sharif. This was stated by Member Provincial Assembly (MPA) Syed Iftikhar Hasan Gilani while talking to newsmen here on Saturd
Published 09 Jan, 2011 12:00am
ICCI for attracting domestic investors for economic uplift

ICCI for attracting domestic investors for economic uplift

The Islamabad Chamber of Commerce and Industry (ICCI) on Saturday said that special emphasis should be placed on identifying the barriers that discourage investment in Pakistan while reliance should be on domestic investment to drive economy out of recess
Published 09 Jan, 2011 12:00am
Disciplinary proceedings conducted against 14 judges

Disciplinary proceedings conducted against 14 judges

The administrative committee of the Lahore High Court (LHC) headed by Chief justice Ijaz Ahmed Chaudhry conducted disciplinary proceedings against 14 judges including civil judges and additional district & session judges (AD&SJs) on Saturday.
Published 09 Jan, 2011 12:00am
Chief minister Punjab inspection team appreciates PGMI, LGH role

Chief minister Punjab inspection team appreciates PGMI, LGH role

Chief Minister Punjab Inspection Team Chairman, General Ziauddin Butt (Retd) has appreciated the role of Principal Post Graduate Medical Institute and Lahore General Hospital (LGH) Dr Tariq Salahuddin and MS Dr Salahuddin Khan over provision of satisfacto
Published 09 Jan, 2011 12:00am
NH&MP recover lost cash, valuables

NH&MP recover lost cash, valuables

National Highways & Motorway Police (NH&MP), N-5 Central has returned more than 300,000 rupees of cash and valuable item worth more than Rs 70,000 thousand to their respective owners. In a separate incident, the police saved precious life and property by
Published 09 Jan, 2011 12:00am
Women block Islamabad Expressway to protest gas loadshedding

Women block Islamabad Expressway to protest gas loadshedding

Women living in adjoining areas of Islamabad Expressway facing hours of gas loadshedding on Saturday blocked it to draw attention of the concerned authorities towards very low pressure of gas making it impossible to cook food. The traffic remained suspend
Published 09 Jan, 2011 12:00am
SECP clarification

SECP clarification

The Securities and Exchange Commission of Pakistan would like to clarify that the SECP chairman had worked for a brokerage house. While responding to a question asked by the Senate Standing Committee on Finance, the SECP chairman had stated that he had wo
Published 09 Jan, 2011 12:00am
JUI-F demands withdrawal of blasphemy amendment bill

JUI-F demands withdrawal of blasphemy amendment bill

Jamiat Ulema-e-Pakistan (JUI-F), Khyber Pakhtunkhwa has called for withdrawal of blasphemy amendments bill to bring an end to conspiracies against it. This was stated by Secretary Information, JUI-F Khyber Pakhtunkhwa Asif Iqbal Daudzai while speaking in
Published 09 Jan, 2011 12:00am
Two books launched

Two books launched

Mehboob Azmi made common, social and political life the subject of his poetry, criticising the drawback of the society with light humour. These were the unanimous view of the speakers at the launching ceremony of his two poetry books titled "Mukarrar Kaha
Published 09 Jan, 2011 12:00am
Afghan refugees to get renewed PoR cards soon: Najmuddin

Afghan refugees to get renewed PoR cards soon: Najmuddin

The process of the renewal of Proof of Registration (PoR) cards for Afghan refugees will be completed soon. "The Afghan refugees will get the new renewed PoRs by the end of February", Minister for States and Frontier Regions (SAFRON) Najmuddin Khan, told
Published 09 Jan, 2011 12:00am
Pak-Sino friendship year

Pak-Sino friendship year

Beijing and Islamabad have jointly declared 2011 as "Pak-China friendship year" in recognition of 60 years of exemplary, all-weather friendship that has stood the test of time. Time has proved that China is Pakistan's "friend in need." Its help has been q
Published 09 Jan, 2011 12:00am
Climate change threat

Climate change threat

Speaking at the 2011 Global Urban Forum on "New Energy, New Technology, Smart City and Sustainable Development" in Beijing the other day, Pakistan's Ambassador Masood Khan recounted how Pakistan is beginning to bear the brunt of climate change "in the for
Published 09 Jan, 2011 12:00am
Tarbela extension project Least-cost energy source

Tarbela extension project Least-cost energy source

Pakistan has invited Austria for extending technical co-operation and investment as joint venture partner for development of various mega hydropower projects planned to be constructed shortly, which include multi-purpose Diamer Bhasha Dam and Tarbela Four
Published 09 Jan, 2011 12:00am
RGST: impacts on economy

RGST: impacts on economy

There is a hot news that the government of Pakistan has been told by the International Monetary Fund (IMF) that since the existing General Sales Tax (GST) in Pakistan is not a complete value-added tax (VAT), the government should, therefore, introduce VAT
Published 09 Jan, 2011 12:00am
A reason to celebrate: Pakistan hits 100 million mobile subscriptions

A reason to celebrate: Pakistan hits 100 million mobile subscriptions

While Pakistan is making a history on achieving 100 million subscriptions, a large number of telecom experts (so-called) and media are criticising and questioning the credibility of the figures quoted by the industry and the authority. With the current si
Published 09 Jan, 2011 12:00am
MQM rejoins government

MQM rejoins government

The MQM changed its mind when PM Gilani told Parliament that fuel price would be reversed to the level it was on 31 December 2010. It is being welcomed by the people and the MQM rejoined the coalition government. But one question stings in one's mind that
Published 09 Jan, 2011 12:00am
Rural areas' development

Rural areas' development

The overall development in rural areas in the country even after 63 years of independence paints a very dismal picture. Our rural people who constitute more than 70 percent of the overall population are still deprived of basic amenities. Despite various g
Published 09 Jan, 2011 12:00am
Pakistan regain control

Pakistan regain control

A crucial unbroken 128-run stand between Misbah-ul-Haq and Asad Shafiq saw Pakistan regain control of the first Test against New Zealand on the second day on Saturday. The salvage mission for the fifth wicket took Pakistan to 235 for four at stumps, trail
Published 09 Jan, 2011 12:00am
India's Gambhir hits record $2.4 million jackpot

India's Gambhir hits record $2.4 million jackpot

Indians struck it rich on the first day of bidding at the Indian Premier League (IPL) auction on Saturday, with Gautam Gambhir fetching a record $2.4 million. The left-handed opener was among four Indians to join the $2 million club at the auction for the
Published 09 Jan, 2011 12:00am
Top players at IPL auction

Top players at IPL auction

Following were the players bought for $1 million or more on the opening day of the two-day Indian Premier League (IPL) auction in Bangalore on Saturday (read as name, country, amount, team): The Twenty20 tournament starts on April 8.

Published 09 Jan, 2011 12:00am
Arn completes dream run to Auckland title

Arn completes dream run to Auckland title

Unheralded Greta Arn completed her giant-killing run and claimed her second WTA Tour title when she beat champion and second seed Yanina Wickmayer 6-3 6-3 in the Auckland Classic final on Saturday. The 31-year-old Hungarian, who had expected to arrive in
Published 09 Jan, 2011 12:00am
Former skippers felicitates Faisal for becoming AFC EC member

Former skippers felicitates Faisal for becoming AFC EC member

Former National skippers have congratulated Pakistan Football Federation (PFF)'s President Makhdoom Syed Faisal Saleh Hayat for becoming first-ever Pakistani to have been elected to the prestigious post of AFC Executive Committee during 24th Asian Footbal
Published 09 Jan, 2011 12:00am
Petra Kvitova wins Brisbane International

Petra Kvitova wins Brisbane International

Petra Kvitova of the Czech Republic beat Germany's Andrea Petkovic 6-1, 6-3 to win the Brisbane International at the Queensland Tennis Centre on Saturday. The 20-year-old Kvitova claimed the second tournament of her career with the 71-minute win, adding t
Published 09 Jan, 2011 12:00am
China beat 10-man Kuwait

China beat 10-man Kuwait

Second-half goals from defender Zhang Linpeng and midfielder Deng Zhuoxiang gave China the perfect start to their Asian Cup campaign as they beat highly-rated Kuwait 2-0 at the Al Gharafa Stadium on Saturday.
Published 09 Jan, 2011 12:00am
Federer downs Davydenko to claim Qatar title

Federer downs Davydenko to claim Qatar title

World number two Roger Federer began his season in formidable fashion by defeating holder Nikolay Davydenko 6-3 6-4 to win the Qatar Open on Saturday. The 16-times grand slam champion proved too much for his Russian opponent, claiming a break of serve in
Published 09 Jan, 2011 12:00am
PCF hails Aptma for helping cotton growers

PCF hails Aptma for helping cotton growers

Pakistan Cotton Forum (PCF) has appreciated the efforts of All Pakistan Textile Mills Association (Aptma) in securing free market mechanism for cotton trade by seeking timely intervention from President Zardari and helping transfer of Rs 200 billion to th
Published 09 Jan, 2011 12:00am
MPAs inform Punjab chief minister about uplift activities

MPAs inform Punjab chief minister about uplift activities

Members Provincial Assembly belonging to various districts met the Punjab Chief Minister Shahbaz Sharif at Chief Minister's Secretariat, here on Saturday and apprised him of ongoing development activities in their respective areas. Talking to the parliame
Published 09 Jan, 2011 12:00am
'Free medical facilities to Tehreek-e-Pakistan gold medalists'

'Free medical facilities to Tehreek-e-Pakistan gold medalists'

Chief Minister Punjab Muhammad Shahbaz Sharif has approved the provision of free medical treatment facility to the gold medalists workers of Tehreek-e-Pakistan and their families in all the Government hospitals in the province. The Secretary Health Punjab
Published 09 Jan, 2011 12:00am
MCCI hails withdrawal of increase in petroleum prices

MCCI hails withdrawal of increase in petroleum prices

The Multan Chambers of Commerce and Industry (MCCI), Saturday hailing the decision of the Prime Minister for immediate withdrawal of recent increase in petroleum products prices demanded forthwith restoration of power and gas supply to the industrial sect
Published 09 Jan, 2011 12:00am
PML-N not to rescind its six-day ultimatum

PML-N not to rescind its six-day ultimatum

Pakistan Muslim League-Nawaz (PML-N) would not reconsider its ultimatum of six days because the 10-point agenda, given by Nawaz Sharif was in the larger interest of the country. This was stated by PML-N leader Mohammad Pervaiz while talking to reporters
Published 09 Jan, 2011 12:00am
New Year brings fresh highs for commodity prices

New Year brings fresh highs for commodity prices

Copper prices hit record peaks and oil futures reached the highest levels for two years as investors reacted to solid US economic data in the first trading week of 2011. Official figures published Friday showed US unemployment fell sharply to 9.4 percent
Published 09 Jan, 2011 12:00am
US cotton down in quiet session after chaotic week

US cotton down in quiet session after chaotic week

US cotton ended down about half percent after a relatively quiet session on Friday that capped a volatile week for the fibre. Benchmark March cotton contract on ICE Futures US closed down 0.62 cent, or 0.4 percent, at $1.4060 per lb. It moved in a three-c
Published 09 Jan, 2011 12:00am
Asian coffee: Vietnam rushes to sell beans, Indonesia on sidelines

Asian coffee: Vietnam rushes to sell beans, Indonesia on sidelines

Discounts for Vietnamese robusta beans were steady this week as exporters rushed to ship them before the Lunar New Year festival, while Indonesian sellers were reluctant to offer any due to tight supplies, dealers said on Thursday.
Published 09 Jan, 2011 12:00am
Wheat may peak near $11 on weather

Wheat may peak near $11 on weather

US wheat prices will rise above $8.50 a bushel this spring and may approach $11 if adverse weather damages the crop in the United States and other top growing nations, said an analyst who was the second closest in predicting prices in a Reuters Poll last
Published 09 Jan, 2011 12:00am
Indian firm offers rice at $450 a tonne in Bangladesh tender

Indian firm offers rice at $450 a tonne in Bangladesh tender

India-based Amira Foods made the lowest offer of $450 a tonne to supply white rice, including C&F liner out, in a Bangladesh tender to import 50,000 tonnes, which opened on Monday, a food official said. The grain is to be shipped in 40 days after signing
Published 09 Jan, 2011 12:00am
US gold posts biggest weekly loss since May

US gold posts biggest weekly loss since May

Gold dipped on Friday, as disappointing US job growth failed to revive safe-haven demand following a raft of strong economic data, and bullion notched its biggest weekly decline since May.
Published 09 Jan, 2011 12:00am
Copper remains lower

Copper remains lower

Copper ended down for a fourth consecutive session on Friday after disappointing jobs data in the United States tempered some of the economic recovery optimism behind the metal's early-year rally to record highs.
Published 09 Jan, 2011 12:00am
Asian sugar: Thai crushing runs on, production still in doubt

Asian sugar: Thai crushing runs on, production still in doubt

Sugar crushing in Thailand, the world's second-biggest exporter, is running smoothly, but traders said on Friday they were still sceptical about yields in the current 2010/11 season, which might be lower than expected. Around 960,000 tonnes of sugar has b
Published 09 Jan, 2011 12:00am
India's sugar output up

India's sugar output up

Sugar output in India's top producing Maharashtra state rose by 10.9 percent to 2.45 million tonnes in the first three months of 2010/11 season that began on October 1, a government official told Reuters on Monday. Maharashtra crushed 24.4 million tonnes
Published 09 Jan, 2011 12:00am
Iran can make own nuclear fuel plates, rods: Ali Akbar

Iran can make own nuclear fuel plates, rods: Ali Akbar

Atomic chief Ali Akbar Salehi declared in a report Saturday that Iran is now capable of making its own nuclear fuel plates and rods, technology the West says the Islamic republic does not possess. Salehi, the driving force behind Iran's contentious atomic
Published 09 Jan, 2011 12:00am
Talks set for January 21-22: Turkey

Talks set for January 21-22: Turkey

Talks between world powers and Iran on its disputed nuclear programme will take place in Istanbul on January 21 and 22, Turkey's Foreign Minister Ahmet Davutoglu said Saturday, local media reported. The dates corresponded to those given by Iran's Fars new
Published 09 Jan, 2011 12:00am
Two dead, 400 hurt in Algerian food riots

Two dead, 400 hurt in Algerian food riots

Two people were killed and 400 injured, mostly police, in riots in Algeria linked to rising food costs and unemployment, the interior minister said Saturday as the government scrambled to end the crisis. One person was shot dead Friday in Ain Lahdjel in t
Published 09 Jan, 2011 12:00am
North Korea celebrates heir's birthday in low-key style

North Korea celebrates heir's birthday in low-key style

North Korea's heir apparent on Saturday celebrated his first birthday since making his public debut in a low-key manner with the impoverished state facing a harsh winter. There is no indication that the birthday of Kim Jong-Un, believed to be in his late
Published 09 Jan, 2011 12:00am
British royals to get new secrecy rights

British royals to get new secrecy rights

Britain's royals will benefit from changes to freedom of information laws meaning their letters will no longer be disclosed even if they are in the public interest, the justice ministry said Saturday. The ministry said it planned to introduce "enhanced pr
Published 09 Jan, 2011 12:00am
North, south Sudan could form EU-style pact: Bashir

North, south Sudan could form EU-style pact: Bashir

North and South Sudan could join forces in a European Union-style pact if southerners vote to secede in Sunday's independence referendum, Sudan's president said in an interview on Friday. President Omar Hassan al-Bashir told the Al-Jazeera TV channel sout
Published 09 Jan, 2011 12:00am
Obama opposes Guantanamo provision in defence bill

Obama opposes Guantanamo provision in defence bill

President Barack Obama forcefully declared his support Friday for US civilian trials of Guantanamo detainees and pledged to overturn language in a sweeping defence bill that would effectively block such trials from happening soon.
Published 09 Jan, 2011 12:00am
US woman arrested in Iran for spying

US woman arrested in Iran for spying

Iranian border police said on Saturday they had arrested an American woman on suspicion of spying, Iranian news agencies reported on Saturday, two days after state-run TV denied a similar story. "The female American spy was arrested at the Jolfa border,"
Published 09 Jan, 2011 12:00am
Clinton seeks Gulf aid for Iran sanctions, Iraq

Clinton seeks Gulf aid for Iran sanctions, Iraq

US Secretary of State Hillary Clinton was to leave Saturday for a tour of Gulf Arab allies in a bid to tighten sanctions against Iran and win greater support for Iraq's new government, officials said. In her five-day trip to the United Arab Emirates (UAE)
Published 09 Jan, 2011 12:00am
Hitler-mocking dog enraged Nazis

Hitler-mocking dog enraged Nazis

Newly discovered documents have revealed a bizarre footnote to World War II: the Nazis' dogged obsession with a Finnish mutt who gave not a howl, but a heil. And, just as absurdly, the totalitarian state that dominated most of Europe was unable to do much
Published 09 Jan, 2011 12:00am
First post-1989 Czechoslovak Foreign Minister dies

First post-1989 Czechoslovak Foreign Minister dies

Jiri Dienstbier, a Czech senator and Czechoslovakia's first foreign minister after the end of communism, has died aged 73, Czech news agency CTK reported on Saturday. The former journalist worked as a Czechoslovak Radio commentator until he lost his job a
Published 09 Jan, 2011 12:00am
Former US sergeant jailed for Afghan bribery

Former US sergeant jailed for Afghan bribery

A former US Army staff sergeant on Friday was sentenced to 90 months in jail over a scheme to solicit more than $400,000 in bribes from a contractor in Afghanistan, officials said. Stevan Nathan Ringo, 26, was also ordered by US District Judge T.S. Ellis
Published 09 Jan, 2011 12:00am
33 dead in Philippines after heavy rains

33 dead in Philippines after heavy rains

More than a week of heavy rain has left at least 33 people dead from flashfloods and landslides in the Philippines, the government said Saturday, announcing floodwaters were subsiding in some areas. Almost 11,000 people remained in government evacuation c
Published 09 Jan, 2011 12:00am
US orders Twitter to hand over WikiLeaks records

US orders Twitter to hand over WikiLeaks records

A US court has ordered Twitter to hand over details of the accounts of WikiLeaks and several supporters as part of a criminal investigation into the release of hundreds of thousands of confidential documents. The December 14 subpoena obtained by the US De
Published 09 Jan, 2011 12:00am
US deficit reduction critical: IMF's Lipsky

US deficit reduction critical: IMF's Lipsky

A top IMF official warned on Saturday that the United States must start down a budget deficit-cutting path relatively soon or face crushing debt service costs as interest rates rise. "Time's a-wasting," John Lipsky, first deputy managing director of the I
Published 09 Jan, 2011 12:00am
Economic fears as Belgium beats European record

Economic fears as Belgium beats European record

Belgium took the record for Europe's longest political crisis on Saturday as it hit 209 days without a government, amid mounting concern among business chiefs over the effects on its economy. As the divided country surpassed previous record-holder the Net
Published 09 Jan, 2011 12:00am
Medvedev ratifies nuclear energy pact with Japan

Medvedev ratifies nuclear energy pact with Japan

The Russian president on Saturday ratified a civil nuclear energy pact with Japan that allows the transfer of Japanese technology to Russia and the sale of more Russian uranium to energy-poor Japan. President Dmitry Medvedev ratified the pact after it was
Published 09 Jan, 2011 12:00am
Indian economy likely to grow 9-10 percent: Manmohan

Indian economy likely to grow 9-10 percent: Manmohan

India's economy is likely to grow between 9 and 10 percent from the next fiscal year that starts from April 1, after growing 8.5 percent in the current fiscal year, Prime Minister Manmohan Singh said on Saturday. India's domestically-powered economy grew
Published 09 Jan, 2011 12:00am
US closes banks in Florida and Arizona

US closes banks in Florida and Arizona

US authorities closed First Commercial Bank of Florida and Legacy Bank in Arizona on Friday, the first bank closings of 2011 as smaller financial institutions, in particular, continue to struggle with the depressed housing market and tepid economy. Last y
Published 09 Jan, 2011 12:00am
WaMu's reorganisation plan rejected

WaMu's reorganisation plan rejected

A bankruptcy judge rejected Washington Mutual Inc's reorganisation plan on Friday but said the company's $10 billion settlement with J.P. Morgan Chase & Co and a bank regulator was fair and reasonable. The judge found that some legal releases from liabili
Published 09 Jan, 2011 12:00am
From bathroom to bedroom, homes get 'smart'

From bathroom to bedroom, homes get 'smart'

Mobile phones aren't the only things getting smart. Home appliances are too. On display at the Consumer Electronics Show (CES) here along with the latest smartphones and touchscreen tablet computers are ovens, dishwashers, washing machines, dryers, refrig
Published 09 Jan, 2011 12:00am
Twitter, no plans to sell or go public

Twitter, no plans to sell or go public

Twitter, which has fended off several buyers, intends to remain an independent company and is not considering going public at the moment, chief executive Dick Costolo said Friday. "My sincere hope is for Twitter to be a successful independent company," Co
Published 09 Jan, 2011 12:00am
Ford unveils its first all-electric car

Ford unveils its first all-electric car

Ford unveiled its first strictly electric car on Friday, a Focus which is expected to get up to 100 miles (160 kilometers) on a single charge and will be available in North America late this year. Alan Mulally, chief executive of the number two US automak
Published 09 Jan, 2011 12:00am
Global fears rise over German meat

Global fears rise over German meat

Global fears mounted on Saturday over the safety of German meat due to contaminated animal feed, with South Korea banning pork imports and Slovakia suspending poultry sales, even as the EU declared no need for a ban. Germany's agriculture ministry moved t
Published 09 Jan, 2011 12:00am
China to push more state firms to go public

China to push more state firms to go public

China will push more state-owned enterprises to float shares in 2011 and beyond, aiming to increase the percentage of state assets that are publicly traded, a senior official said in comments published on Saturday.
Published 09 Jan, 2011 12:00am
US files fresh fraud suit against Kuwait's Agility

US files fresh fraud suit against Kuwait's Agility

US prosecutors have filed a civil suit against Kuwaiti logistics company Agility, accusing it of defrauding the government over food product contracts to the US military in the Middle East worth $9.8 billion. Agility was the largest supplier to the US Arm
Published 09 Jan, 2011 12:00am
China's GDP grows 10 percent in 2010

China's GDP grows 10 percent in 2010

China's economy grew by around 10 percent in 2010, with retail sales up 18.5 percent, showing that it is now relying more on domestic consumption, Vice Premier Li Keqiang said in remarks published on Saturday. "The driving force of domestic consumption is
Published 09 Jan, 2011 12:00am
Paulson group takes CNL hotels from Morgan Stanley

Paulson group takes CNL hotels from Morgan Stanley

A lender group including hedge fund Paulson & Co took control of former CNL Hotels & Resorts Inc properties from Morgan Stanley's real estate funds through a $600 million debt restructuring, Bloomberg said on Friday, citing two people with knowledge of th
Published 09 Jan, 2011 12:00am
Forex outlook: beaten down euro in for another rough ride next week

Forex outlook: beaten down euro in for another rough ride next week

It has so far been a rough 2011 for the euro and a respite next week will likely not occur given an avalanche of euro zone bond sales set to test the market's resolve. The euro fell 3.3 percent against the dollar this past week, its worst weekly loss sinc
Published 09 Jan, 2011 12:00am
Dollar rises versus euro after mixed jobs report

Dollar rises versus euro after mixed jobs report

The dollar was higher against the euro late Friday but its gains were muted after a mixed US employment report sparked fresh doubts about the strength of the US recovery, dealers said. They said news of a sharp drop in the headline US unemployment rate to
Published 09 Jan, 2011 12:00am
Speculators boost dollar shorts in latest week

Speculators boost dollar shorts in latest week

Currency speculators increased bets against the US dollar in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position rose to $12.4 billion in the week ended January 4, from $8.85 b
Published 09 Jan, 2011 12:00am
Key Euribor rates unchanged

Key Euribor rates unchanged

Key euro-priced bank-to-bank lending rates held steady and below the European Central Bank's 1.0 percent main rate on Friday, pushed down by the high level of excess liquidity in the money market. The three-month Euribor rate - traditionally the main gaug
Published 09 Jan, 2011 12:00am
Canadian dollar rallies on jobs relief

Canadian dollar rallies on jobs relief

The Canadian dollar finished stronger against the US currency on Friday, buoyed by a firm domestic jobs report that helped it side-step a disappointing read on the labour market in the United States. The currency strengthened early in the session on the b
Published 09 Jan, 2011 12:00am
US stocks slip

US stocks slip

US stocks fell on Friday after a court ruling in a key foreclosure case prompted investors to pull out of bank stocks, adding to weakness after a lackluster jobs report. Even with the decline, however, the S&P 500 and Dow recorded their sixth straight wee
Published 09 Jan, 2011 12:00am
Emerging Markets: Latam stocks dip; Brazilian banks weigh

Emerging Markets: Latam stocks dip; Brazilian banks weigh

Latin American stocks fell on Friday, hit by worries that currency intervention could hurt local banks while a US court ruling cast a shadow over banking shares. The MSCI Latin American stocks index lost 0.35 percent, adding to a sharp drop in the previou
Published 09 Jan, 2011 12:00am
Portugal making placement of bonds

Portugal making placement of bonds

Portugal is in the process of making a private placement of bonds to diversify its investor base, the finance ministry said on Friday without giving any details of the operation. "I can confirm that an operation is taking place but we will make no comment
Published 09 Jan, 2011 12:00am
Portugal making placement of bonds

Portugal making placement of bonds

Portugal is in the process of making a private placement of bonds to diversify its investor base, the finance ministry said on Friday without giving any details of the operation. "I can confirm that an operation is taking place but we will make no comment
Published 09 Jan, 2011 12:00am
US Treasury Outlook: jobs data may boost bids at auctions

US Treasury Outlook: jobs data may boost bids at auctions

Next week's Treasury supply should fetch solid demand after Friday's disappointing report on job growth pared bets that the US economy is accelerating and lead the Federal Reserve to raise rates by year-end. Fund managers will also deploy cash into Treasu
Published 09 Jan, 2011 12:00am
US Treasury Outlook: jobs data may boost bids at auctions

US Treasury Outlook: jobs data may boost bids at auctions

Next week's Treasury supply should fetch solid demand after Friday's disappointing report on job growth pared bets that the US economy is accelerating and lead the Federal Reserve to raise rates by year-end. Fund managers will also deploy cash into Treasu
Published 09 Jan, 2011 12:00am
Turkish stocks fall, bond yields off record lows

Turkish stocks fall, bond yields off record lows

Turkish bond yields rebounded from all-time lows, the lira weakened to six-month low and shares were down on Friday as investors shunned riskier emerging market assets following disappointing US jobs data. The US Labour department's survey of non-farm emp
Published 09 Jan, 2011 12:00am
Turkish stocks fall, bond yields off record lows

Turkish stocks fall, bond yields off record lows

Turkish bond yields rebounded from all-time lows, the lira weakened to six-month low and shares were down on Friday as investors shunned riskier emerging market assets following disappointing US jobs data. The US Labour department's survey of non-farm emp
Published 09 Jan, 2011 12:00am
Sri Lankan shares higher

Sri Lankan shares higher

Heavy retail buying on Friday drove Sri Lanka's stock market higher for a sixth session and deeper into overbought territory, while the rupee ended down on importer dollar demand. The island's main share index rose 1.21 percent or 82.23 points to 6,891.96
Published 09 Jan, 2011 12:00am
Treasuries gain

Treasuries gain

US Treasuries ended the week on a positive note after employment data disappointed high expectations, and the market could hold a firmer tone next week if a recent runup in bond yields attracts buyers to new Treasury supply. Treasury note prices gained, l
Published 09 Jan, 2011 12:00am
Treasuries gain

Treasuries gain

US Treasuries ended the week on a positive note after employment data disappointed high expectations, and the market could hold a firmer tone next week if a recent runup in bond yields attracts buyers to new Treasury supply. Treasury note prices gained, l
Published 09 Jan, 2011 12:00am
California to pay investors after bond default

California to pay investors after bond default

Investors holding some $6 million in lease revenue bonds issued by Chowchilla, California, will be paid no later than Monday despite the small San Joaquin Valley town's technical default on the debt, a city official said on Friday. Chowchilla's fiscal tro
Published 09 Jan, 2011 12:00am
California to pay investors after bond default

California to pay investors after bond default

Investors holding some $6 million in lease revenue bonds issued by Chowchilla, California, will be paid no later than Monday despite the small San Joaquin Valley town's technical default on the debt, a city official said on Friday. Chowchilla's fiscal tro
Published 09 Jan, 2011 12:00am
Toronto main stocks index plummets

Toronto main stocks index plummets

Toronto's main stock index closed sharply lower on Thursday as a slide in oil and gold prices and disappointing US economic data weighed on heavyweight energy, mining and financial shares. Among oil companies, Suncor Energy fell 2.88 percent to C$37.14, a
Published 09 Jan, 2011 12:00am
Advance Emerging Capital eyes banks, consumer plays

Advance Emerging Capital eyes banks, consumer plays

Banking and consumer-related stocks in countries like Nigeria, Qatar and Saudi Arabia are attractive plays to tap domestic growth in frontier markets, says the head of London-based investment firm Advance Emerging Capital.
Published 09 Jan, 2011 12:00am
Advance Emerging Capital eyes banks, consumer plays

Advance Emerging Capital eyes banks, consumer plays

Banking and consumer-related stocks in countries like Nigeria, Qatar and Saudi Arabia are attractive plays to tap domestic growth in frontier markets, says the head of London-based investment firm Advance Emerging Capital.
Published 09 Jan, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields ended up on Friday as a partially sold $2 .4 billion securities auction hit sentiment, with the central bank directing primary dealers to pick up the unsold portion. Lingering concerns of an aggressive monetary tightening post t
Published 09 Jan, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields ended up on Friday as a partially sold $2 .4 billion securities auction hit sentiment, with the central bank directing primary dealers to pick up the unsold portion. Lingering concerns of an aggressive monetary tightening post t
Published 09 Jan, 2011 12:00am
High time for social website IPOs

High time for social website IPOs

LinkedIn may not be the only social networking website that plans to go public this year - other companies are likely to tap the market before Facebook sucks up a significant amount of investor cash. Microblogging site Twitter, online coupon site Groupon
Published 09 Jan, 2011 12:00am
Slovenia plans benchmark bonds in this year

Slovenia plans benchmark bonds in this year

Slovenia plans to issue two benchmark bonds worth a total of 3 billion euros ($3.94 billion) this year to finance the budget and existing debt, the head of treasury at the finance ministry Bostjan Plesec told Reuters. He said another two bond issues with
Published 09 Jan, 2011 12:00am
Slovenia plans benchmark bonds in this year

Slovenia plans benchmark bonds in this year

Slovenia plans to issue two benchmark bonds worth a total of 3 billion euros ($3.94 billion) this year to finance the budget and existing debt, the head of treasury at the finance ministry Bostjan Plesec told Reuters. He said another two bond issues with
Published 09 Jan, 2011 12:00am
Indian central bank to assess liquidity for OMO decision

Indian central bank to assess liquidity for OMO decision

India's central bank will assess the liquidity situation before taking further decisions on open market operations (OMO), a deputy governor aid on Saturday. Liquidity has improved in recent weeks due in part to government spending and the central bank's o
Published 09 Jan, 2011 12:00am
Few changes in slow trade on grain market

Few changes in slow trade on grain market

Subdued business was seen on the wholesale grain and seed market on Saturday as both buyers and sellers failed to come on meeting ground, dealers said. On the grams side grams Australia low type gained Rs 10 to Rs 5400 and good type was higher by Rs 100 t
Published 09 Jan, 2011 12:00am
Chemical items fall on Jodia Bazar

Chemical items fall on Jodia Bazar

The trading in chemical items closed down on Jodia Bazar here on Saturday. The following changes were noted.
Published 09 Jan, 2011 12:00am
Mali predicts surge in gold output

Mali predicts surge in gold output

Mali expects its gold production to rise 20 percent in 2011 to 60 tonnes and increase further to 62 tonnes in 2012, according to President Amadou Toumani Toure. The west African state, Africa's third largest gold miner behind South Africa and Ghana, produ
Published 09 Jan, 2011 12:00am
Shanghai becomes world's busiest container port

Shanghai becomes world's busiest container port

Shanghai overtook Singapore as the world's busiest container port in 2010, helped by continuing growth in Chinese trade and the business generated by the World Expo it hosted last year, the city government said. Shanghai's port handled 29.05 million twent
Published 09 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 141,611 tonnes of cargo including 105,732 tonnes of import cargo, 35,879 tonnes of export cargo, 4,863 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 105,732 tonnes comp
Published 09 Jan, 2011 12:00am
China estimates 2010 gold output at record 340 tonnes

China estimates 2010 gold output at record 340 tonnes

China's gold output is expected to have exceeded 340 tonnes in 2010, the Ministry of Industry and Information Technology said on Friday, which if confirmed would set a new record. The production number would also amount to an increase of more than 8 perce
Published 09 Jan, 2011 12:00am
EU wheat mixed, France eases but Spain firm

EU wheat mixed, France eases but Spain firm

Wheat was mostly weaker in key western European markets on Friday in step with Chicago, although upward momentum pushed prices higher in import-needy Spain. Milling wheat futures in France, Europe's biggest wheat exporter, were slightly lower in late trad
Published 09 Jan, 2011 12:00am
Wheat export premiums steady at US Gulf Coast

Wheat export premiums steady at US Gulf Coast

Wheat export premiums at the US Gulf Coast were steady on Friday amid optimism that Egypt would buy at least some US wheat in an optional-origin tender issued on Friday, traders said. Corn export premiums were mostly flat, capped by sluggish export demand
Published 09 Jan, 2011 12:00am
Philippines to set rice import target by end-January

Philippines to set rice import target by end-January

The Philippines, the world's largest buyer of rice, could decide its 2011 import plans before end-January, the Agriculture Secretary said on Friday, reiterating that shipments of the grain would be half or less than record imports for 2010.
Published 09 Jan, 2011 12:00am
Transactions slow down mainly due to high prices on cotton market

Transactions slow down mainly due to high prices on cotton market

Activity was down on the cotton market on Saturday as mills were not ready to pay above their psychological level, on the other hand, the ginners were not prepared to lower the prices due to short crop scenario, brokers said on Saturday.
Published 09 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market Saturday in process of trading, dealers said. The January vaida that had closed higher at Rs 1252.20 opened with fall of Rs 1.70 to Rs 1250.10. The March vaida which had ended on bullish note a
Published 09 Jan, 2011 12:00am
Bangladesh to buy 250,000 tonnes of rice from Vietnam

Bangladesh to buy 250,000 tonnes of rice from Vietnam

Bangladesh will import 250,000 tonnes of rice from Vietnam at a high cost in a bid to ensure food security, a senior food official said on Friday. The price for 200,000 tonnes of 15 percent broken white rice to be supplied by Vinafood 2 is $545 a tonne, c
Published 09 Jan, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Jan, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 09 Jan, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (January 08, 2011).
Published 09 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
THE RUPEE: dollar slips marginally

THE RUPEE: dollar slips marginally

The rupee sustained its overnight firmness against dollar, it, however, maintained its rise versus euro on the currency market on Saturday, dealers said. The rupee inched up with a gain of one paisa against dollar at 85.75 for buying and rose by three pai
Published 09 Jan, 2011 12:00am
THE RUPEE: dollar slips marginally

THE RUPEE: dollar slips marginally

The rupee sustained its overnight firmness against dollar, it, however, maintained its rise versus euro on the currency market on Saturday, dealers said. The rupee inched up with a gain of one paisa against dollar at 85.75 for buying and rose by three pai
Published 09 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
US lawmaker shot, badly wounded in Arizona

US lawmaker shot, badly wounded in Arizona

A US member of Congress from Arizona was shot and seriously wounded on Saturday and several people were killed by a man who opened fire at a meeting the politician was holding in Tucson. Gabrielle Giffords, a 40-year-old Democrat in her third term in the
Published 09 Jan, 2011 12:00am
US lawmaker shot, badly wounded in Arizona

US lawmaker shot, badly wounded in Arizona

A US member of Congress from Arizona was shot and seriously wounded on Saturday and several people were killed by a man who opened fire at a meeting the politician was holding in Tucson. Gabrielle Giffords, a 40-year-old Democrat in her third term in the
Published 09 Jan, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Zardari orders reactivation of abandoned gas fields

Zardari orders reactivation of abandoned gas fields

President Asif Ali Zardari on Saturday issued directives for immediate reactivation of abandoned gas fields in Sindh to improve energy supplies. This was stated by Advisor to Sindh Chief Minister on Information Sharmila Farooqui while briefing media about
Published 09 Jan, 2011 12:00am
Zardari orders reactivation of abandoned gas fields

Zardari orders reactivation of abandoned gas fields

President Asif Ali Zardari on Saturday issued directives for immediate reactivation of abandoned gas fields in Sindh to improve energy supplies. This was stated by Advisor to Sindh Chief Minister on Information Sharmila Farooqui while briefing media about
Published 09 Jan, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
Zardari orders reactivation of abandoned gas fields

Zardari orders reactivation of abandoned gas fields

President Asif Ali Zardari on Saturday issued directives for immediate reactivation of abandoned gas fields in Sindh to improve energy supplies. This was stated by Advisor to Sindh Chief Minister on Information Sharmila Farooqui while briefing media about
Published 09 Jan, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 08, 2011).

Published 09 Jan, 2011 12:00am
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