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Archive - 2011-01-11
Oil mixed in Asian trade
Commodities

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday after plans were announced for an alternative to a crude pipelin
Published 11 Jan, 2011 08:51am
IMF to increase Mexico credit to $72 BN
Top News

IMF to increase Mexico credit to $72 BN

WASHINGTON: The International Monetary Fund will increase Mexico's flexible line of credit to a record 72 billion dollar
Published 11 Jan, 2011 08:10am
Samjhauta Express blasts: Islamabad asks Delhi for official update

Samjhauta Express blasts: Islamabad asks Delhi for official update

After having learnt about some developments on the investigation into the Samjhauta Express blasts of 2007 that killed 70 people according to some media reports, Pakistan on Monday asked India for an official update of the probe that had already taken alm
Published 11 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jan, 2011 12:00am
Samjhauta Express blasts: Islamabad asks Delhi for official update

Samjhauta Express blasts: Islamabad asks Delhi for official update

After having learnt about some developments on the investigation into the Samjhauta Express blasts of 2007 that killed 70 people according to some media reports, Pakistan on Monday asked India for an official update of the probe that had already taken alm
Published 11 Jan, 2011 12:00am
Onion export: meeting inconclusive

Onion export: meeting inconclusive

An inter-ministerial meeting, called by the Ministry of Commerce on Monday to consider Indian request for resumption of onion export through Wagah border, remained inconclusive as majority of stakeholders expressed reservations of the impact of such a mov
Published 11 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 Jan, 2011 12:00am
Onion export: meeting inconclusive

Onion export: meeting inconclusive

An inter-ministerial meeting, called by the Ministry of Commerce on Monday to consider Indian request for resumption of onion export through Wagah border, remained inconclusive as majority of stakeholders expressed reservations of the impact of such a mov
Published 11 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jan, 2011 12:00am
Onion export: meeting inconclusive

Onion export: meeting inconclusive

An inter-ministerial meeting, called by the Ministry of Commerce on Monday to consider Indian request for resumption of onion export through Wagah border, remained inconclusive as majority of stakeholders expressed reservations of the impact of such a mov
Published 11 Jan, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 11 Jan, 2011 12:00am
Those involved in Agosta scandal to face action: Naval Chief

Those involved in Agosta scandal to face action: Naval Chief

Admiral Noman Bashir, Chief of the Naval Staff, has said that stern action will be taken against those found involved in the Agosta Submarines scandal. While talking to media persons after the 7th Convocation of the Bahria University on Monday, the Naval
Published 11 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jan, 2011 12:00am
Those involved in Agosta scandal to face action: Naval Chief

Those involved in Agosta scandal to face action: Naval Chief

Admiral Noman Bashir, Chief of the Naval Staff, has said that stern action will be taken against those found involved in the Agosta Submarines scandal. While talking to media persons after the 7th Convocation of the Bahria University on Monday, the Naval
Published 11 Jan, 2011 12:00am
Index loses 82.34 points

Index loses 82.34 points

Panic selling after mid-session on Monday eroded intra-day gains at the share market and KSE-100 index closed at 12,306.70 points with a loss of 82.34 points. The market opened on strong positive note and the index breached the 12,500 points level to hit
Published 11 Jan, 2011 12:00am
Index loses 82.34 points

Index loses 82.34 points

Panic selling after mid-session on Monday eroded intra-day gains at the share market and KSE-100 index closed at 12,306.70 points with a loss of 82.34 points. The market opened on strong positive note and the index breached the 12,500 points level to hit
Published 11 Jan, 2011 12:00am
Index loses 82.34 points

Index loses 82.34 points

Panic selling after mid-session on Monday eroded intra-day gains at the share market and KSE-100 index closed at 12,306.70 points with a loss of 82.34 points. The market opened on strong positive note and the index breached the 12,500 points level to hit
Published 11 Jan, 2011 12:00am
BRIndex30 sheds 22.86 points

BRIndex30 sheds 22.86 points

On Monday, the BRIndex30 opened at 9,138.97 points. It touched the intra-day high of 9,253.08 points and low of 9,116.11 points, and closed at 9,116.11 points with a net negative change of -22.86 points, or -0.25 percent. The volume was 95,484,203 shares,
Published 11 Jan, 2011 12:00am
BRIndex30 sheds 22.86 points

BRIndex30 sheds 22.86 points

On Monday, the BRIndex30 opened at 9,138.97 points. It touched the intra-day high of 9,253.08 points and low of 9,116.11 points, and closed at 9,116.11 points with a net negative change of -22.86 points, or -0.25 percent. The volume was 95,484,203 shares,
Published 11 Jan, 2011 12:00am
Envoy denies Kabul to hold peace council with Pakistan

Envoy denies Kabul to hold peace council with Pakistan

The leader of an Afghan peace delegation to Pakistan denied on Monday that the two countries had reached an agreement to hold a peace gathering, contradicting an earlier statement from Islamabad. A group from President Hamid Karzai's High Council for Peac
Published 11 Jan, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways against dollar on the currency market on Monday in process of trading, dealers said. The rupee was up by three paisa against dollar for buying at 85.72 and gained two paisa for selling at 85.75 despite the rising demand for the U
Published 11 Jan, 2011 12:00am
Envoy denies Kabul to hold peace council with Pakistan

Envoy denies Kabul to hold peace council with Pakistan

The leader of an Afghan peace delegation to Pakistan denied on Monday that the two countries had reached an agreement to hold a peace gathering, contradicting an earlier statement from Islamabad. A group from President Hamid Karzai's High Council for Peac
Published 11 Jan, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways against dollar on the currency market on Monday in process of trading, dealers said. The rupee was up by three paisa against dollar for buying at 85.72 and gained two paisa for selling at 85.75 despite the rising demand for the U
Published 11 Jan, 2011 12:00am
Pope calls on Pakistan to scrap blasphemy law

Pope calls on Pakistan to scrap blasphemy law

Pope Benedict XVI on Monday called on Pakistan to scrap a controversial law against blasphemy in a strongly-worded defence of the rights of Christians living in majority Muslim countries. "I once more encourage the leaders of that country to take the nece
Published 11 Jan, 2011 12:00am
Pope calls on Pakistan to scrap blasphemy law

Pope calls on Pakistan to scrap blasphemy law

Pope Benedict XVI on Monday called on Pakistan to scrap a controversial law against blasphemy in a strongly-worded defence of the rights of Christians living in majority Muslim countries. "I once more encourage the leaders of that country to take the nece
Published 11 Jan, 2011 12:00am
Overdraft from SBP: Federal government breaches limit

Overdraft from SBP: Federal government breaches limit

The federal government, and not the provinces, has breached the limit of borrowing from the State Bank of Pakistan (SBP) as balances of all provincial governments are in credit, except Punjab government which has also borrowed half of the allowed overdraf
Published 11 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Overdraft from SBP: Federal government breaches limit

Overdraft from SBP: Federal government breaches limit

The federal government, and not the provinces, has breached the limit of borrowing from the State Bank of Pakistan (SBP) as balances of all provincial governments are in credit, except Punjab government which has also borrowed half of the allowed overdraf
Published 11 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Overdraft from SBP: Federal government breaches limit

Overdraft from SBP: Federal government breaches limit

The federal government, and not the provinces, has breached the limit of borrowing from the State Bank of Pakistan (SBP) as balances of all provincial governments are in credit, except Punjab government which has also borrowed half of the allowed overdraf
Published 11 Jan, 2011 12:00am
Fed's Lockhart sees 'durable' economic momentum

Fed's Lockhart sees 'durable' economic momentum

The US Federal Reserve's $600-billion bond-buying program launched last year helped solidify a shaky economic recovery, which despite headwinds is taking on durable momentum, a top Fed official said on Monday. Atlanta Federal Reserve Bank President Dennis
Published 11 Jan, 2011 12:00am
Gilani's call to Nawaz eases tension in Punjab Assembly session

Gilani's call to Nawaz eases tension in Punjab Assembly session

Prime Minister Yousuf Raza Gilani's 'appeasing' telephone call to PML- chief Nawaz Sharif has changed the mood of Pakistan People's Party (PPP) in the Punjab Assembly on Monday. The PML-N's 72 hours deadline had injected hostility in the PPP Punjab toward
Published 11 Jan, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 1st January, 2011.

Published 11 Jan, 2011 12:00am
Prime Minister announces Rs 50 million for APNS office building

Prime Minister announces Rs 50 million for APNS office building

Prime Minister Syed Yousuf Raza Gilani on Monday agreed in principle to the demand for upward revision in the tariff (rates) of government advertisements in newspapers, besides, announcing Rs 50 million grant for the construction of the office building of
Published 11 Jan, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 1st January, 2011.

Published 11 Jan, 2011 12:00am
Prime Minister grants Rs 100,000 for treatment of two patients

Prime Minister grants Rs 100,000 for treatment of two patients

Prime Minister, Syed Yousuf Raza Gilani on Monday granted rupees 50,000 each for the treatment of two patients suffering from bone marrow and kidney diseases respectively. The PM sanctioned the amount to Zaryan Jan, the widow of Taj Muhammad resident of R
Published 11 Jan, 2011 12:00am
Tariq meets Gilani

Tariq meets Gilani

The outgoing Secretary, Ministry of Narcotics Control, Tariq Masood Khosa, paid a farewell call on Prime Minister Syed Yousuf Raza Gilani at PM House here on Monday. The Prime Minister appreciated the services of Tariq Masood Khosa. He wished him the best
Published 11 Jan, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Haj scam: Malik submits written statement

Haj scam: Malik submits written statement

Interior Minister Rehman Malik on Monday has submitted his written reply in Haj corruption scandal case, a private TV channel reported. The apex court had directed the Federal Investigation Agency (FIA) to record the statement of Rehman Malik in Haj scand
Published 11 Jan, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Chinese city allows individuals to invest overseas

Chinese city allows individuals to invest overseas

Residents in eastern China have been given the green light to invest directly overseas under a pilot programme that could ease pressure on the yuan and help tame inflation by increasing liquidity outflows. The amount of money a resident in Wenzhou, a city
Published 11 Jan, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
LSE index loses 17.41 points

LSE index loses 17.41 points

Bearish sentiments prevailed on the Lahore Stock Exchange (LSE) on Monday and the equities registered declines amid ascending transaction volume on account of selling pressure in oil and banking sectors' shares. The LSE-25 index lost 17.41 points and was
Published 11 Jan, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
LSE index loses 17.41 points

LSE index loses 17.41 points

Bearish sentiments prevailed on the Lahore Stock Exchange (LSE) on Monday and the equities registered declines amid ascending transaction volume on account of selling pressure in oil and banking sectors' shares. The LSE-25 index lost 17.41 points and was
Published 11 Jan, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 19.38 points from 3,155.91 to 3,136.53 points. Turnover amounted to 285,413 shares as compare
Published 11 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 Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 19.38 points from 3,155.91 to 3,136.53 points. Turnover amounted to 285,413 shares as compare
Published 11 Jan, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (January 10, 2011).

Published 11 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 Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Iran allows duty waiver on Pakistani kinnow import

Iran allows duty waiver on Pakistani kinnow import

Iran, which had been charging a nagging 90 percent customs duty on import of Pakistani kinnow, has totally waived the duty from January 4, 2011, allowing duty-free import of the fruit from Pakistan into Iran. Iran is a major market for Pakistani kinnow an
Published 11 Jan, 2011 12:00am
Iran allows duty waiver on Pakistani kinnow import

Iran allows duty waiver on Pakistani kinnow import

Iran, which had been charging a nagging 90 percent customs duty on import of Pakistani kinnow, has totally waived the duty from January 4, 2011, allowing duty-free import of the fruit from Pakistan into Iran. Iran is a major market for Pakistani kinnow an
Published 11 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Iran allows duty waiver on Pakistani kinnow import

Iran allows duty waiver on Pakistani kinnow import

Iran, which had been charging a nagging 90 percent customs duty on import of Pakistani kinnow, has totally waived the duty from January 4, 2011, allowing duty-free import of the fruit from Pakistan into Iran. Iran is a major market for Pakistani kinnow an
Published 11 Jan, 2011 12:00am
Following confessional statement: Qadri sent to jail on judicial remand

Following confessional statement: Qadri sent to jail on judicial remand

Anti-Terrorist Court (ATC) on Monday sent Mumtaz Qadri, assassin of former governor Punjab, Salman Taseer to jail on judicial remand after recording his confessional statement. The killer of governor Punjab, Mumtaz Qadri has confessed before a judicial ma
Published 11 Jan, 2011 12:00am
Following confessional statement: Qadri sent to jail on judicial remand

Following confessional statement: Qadri sent to jail on judicial remand

Anti-Terrorist Court (ATC) on Monday sent Mumtaz Qadri, assassin of former governor Punjab, Salman Taseer to jail on judicial remand after recording his confessional statement. The killer of governor Punjab, Mumtaz Qadri has confessed before a judicial ma
Published 11 Jan, 2011 12:00am
NICL scam probe: Senate panel summons FIA officials for update

NICL scam probe: Senate panel summons FIA officials for update

Senate Standing Committee on Commerce has summoned the officials of the Federal Investigation Agency (FIA) on January 16, 2010 in Islamabad for questioning on the progress in investigation in the multi-billion rupee scam of National Insurance Corporation
Published 11 Jan, 2011 12:00am
NICL scam probe: Senate panel summons FIA officials for update

NICL scam probe: Senate panel summons FIA officials for update

Senate Standing Committee on Commerce has summoned the officials of the Federal Investigation Agency (FIA) on January 16, 2010 in Islamabad for questioning on the progress in investigation in the multi-billion rupee scam of National Insurance Corporation
Published 11 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (January 10, 2011) and for Tuesday (January 11, 2011).
Published 11 Jan, 2011 12:00am
NICL scam probe: Senate panel summons FIA officials for update

NICL scam probe: Senate panel summons FIA officials for update

Senate Standing Committee on Commerce has summoned the officials of the Federal Investigation Agency (FIA) on January 16, 2010 in Islamabad for questioning on the progress in investigation in the multi-billion rupee scam of National Insurance Corporation
Published 11 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
SSGC determined to normalise gas supply to KESC: MD

SSGC determined to normalise gas supply to KESC: MD

Despite acute shortage of natural gas, the Sui Southern Gas Company (SSGC) remains committed towards providing maximum supply of gas to Karachi Electric Supply Company (KESC). This was stated by Dr Faizullah Abbasi, MD, SSGC, while briefing media in his o
Published 11 Jan, 2011 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on January 10, 2011.

Published 11 Jan, 2011 12:00am
SSGC determined to normalise gas supply to KESC: MD

SSGC determined to normalise gas supply to KESC: MD

Despite acute shortage of natural gas, the Sui Southern Gas Company (SSGC) remains committed towards providing maximum supply of gas to Karachi Electric Supply Company (KESC). This was stated by Dr Faizullah Abbasi, MD, SSGC, while briefing media in his o
Published 11 Jan, 2011 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on January 10, 2011.

Published 11 Jan, 2011 12:00am
SSGC determined to normalise gas supply to KESC: MD

SSGC determined to normalise gas supply to KESC: MD

Despite acute shortage of natural gas, the Sui Southern Gas Company (SSGC) remains committed towards providing maximum supply of gas to Karachi Electric Supply Company (KESC). This was stated by Dr Faizullah Abbasi, MD, SSGC, while briefing media in his o
Published 11 Jan, 2011 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on January 10, 2011.

Published 11 Jan, 2011 12:00am
Indian onion traders boycott market over raids

Indian onion traders boycott market over raids

About 250 traders on Monday began a two-day boycott of one of India's largest onion markets in protest at raids on warehouses to prevent stockpiling, as prices of the cooking staple soar. Traders in Nashik, about 160 kilometres (100 miles) north-east of M
Published 11 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 10, 2011).

Published 11 Jan, 2011 12:00am
Indian onion traders boycott market over raids

Indian onion traders boycott market over raids

About 250 traders on Monday began a two-day boycott of one of India's largest onion markets in protest at raids on warehouses to prevent stockpiling, as prices of the cooking staple soar. Traders in Nashik, about 160 kilometres (100 miles) north-east of M
Published 11 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 11 Jan, 2011 12:00am
Indian onion traders boycott market over raids

Indian onion traders boycott market over raids

About 250 traders on Monday began a two-day boycott of one of India''s largest onion markets in protest at raids on warehouses to prevent stockpiling, as prices of the cooking staple soar. Traders in Nashik, about 160 kilometres (100 miles) north-east of
Published 11 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 11 Jan, 2011 12:00am
PSO approaches NICL for insurance cover for imports

PSO approaches NICL for insurance cover for imports

The Pakistan State Oil (PSO) has approached National Investment Company Limited (NICL) for insurance cover for its imports against any possible oil spill at the ports. PSO has informed the board that it was closely working with NICL on a plan to have an i
Published 11 Jan, 2011 12:00am
Flood survivors: WHO delegation briefed about relief activities

Flood survivors: WHO delegation briefed about relief activities

A delegation led by Country Head of World Health Organisation (WHO) in Pakistan, Dr Guido Sabatinelli met Punjab Chief Minister, Muhammad Shahbaz Sharif, here Monday. Talking to the delegation, the chief minister appreciated the help and assistance extend
Published 11 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Monday (January 10, 2011) and the forecast for Tuesday (January 11, 2011).

Published 11 Jan, 2011 12:00am
PCO judges proceedings: Bench, Counsel react to contentions

PCO judges proceedings: Bench, Counsel react to contentions

The continuous hearing of contempt of court issue against a number of dysfunctional and retired judges of superior judiciary, who took oath under the annulled Provisional Constitutional Order of November 3, 2007, on Monday was marked with contentions betw
Published 11 Jan, 2011 12:00am
Sun shines after 12 days in Lahore

Sun shines after 12 days in Lahore

The sun finally shown on provincial metropolis and adjacent cities on Monday after 12 days of severe foggy conditions and harsh cold weather in the plains of Punjab. The maximum temperature rose by 2 degree Celsius from 13 to 15 C and minimum by 0.5 degre
Published 11 Jan, 2011 12:00am
Ali A Rahim new president of Karachi Gymkhana

Ali A Rahim new president of Karachi Gymkhana

Ali A. Rahim has been elected as the President of Karachi Gymkhana for the year 2011. He secured 1,230 votes, which is 73 percent of the total votes, says an announcement on Monday. The other members of the Managing Committee of Karachi Gymkhana were elec
Published 11 Jan, 2011 12:00am
Prime Minister condoles death

Prime Minister condoles death

Prime Minister Syed Yusuf Raza Gilani on Monday expressed deep sorrow and grief over the death of former Interior Minister and PPP leader Naseerullah Babar. The Prime Minister in a message said late Nasirullah Babar was a close associate of Shaheed Zulfik
Published 11 Jan, 2011 12:00am
President terms Babar's demise a great loss to PPP

President terms Babar's demise a great loss to PPP

President Asif Ali Zardari on Monday condoled the death of veteran party stalwart and former Governor, Federal Minister and Special Assistant to Prime Minister, Major General Naseerulllah Babar (Retd) and termed his death a great loss for the party and th
Published 11 Jan, 2011 12:00am
Naseerullah Babar passes away

Naseerullah Babar passes away

Former NWFP Governor, Ex-federal Interior Minister and PPP central leader, Major General Naseerullah Babar (Retd), who died here on late Sunday night, was buried in his ancestral graveyard in Pirpai Nowshera district. Large number of people including poli
Published 11 Jan, 2011 12:00am
PPL being forced to continue supply to Bosicor

PPL being forced to continue supply to Bosicor

The Ministry of Petroleum is reportedly pressurising public sector exploration company Pakistan Petroleum Limited (PPL) to continue crude oil supply to Bosicor after the former served a legal notice to the latter to suspend supply over failure in clearing
Published 11 Jan, 2011 12:00am
Election laws to be amended in conformity with new law

Election laws to be amended in conformity with new law

The Federal government is to amend Electoral Rolls Act, 1974 thereby empowering the Election Commission (EC) to hold free, fair and transparent elections and bring the current laws in conformity with the 18th amendment, sources close to Secretary Election
Published 11 Jan, 2011 12:00am
Australian HC visits Nine Zero

Australian HC visits Nine Zero

Australian High Commissioner in Pakistan, Tim George visited head quarter of the Muttahida Qaumi Movement (MQM), at Azizabad here. The Political Secretary to the Australian HC, Jon Bonnar was also present on the occasion, said a statement issued by MQM he
Published 11 Jan, 2011 12:00am
'Abu Dubai Group has full confidence in Pakistan'

'Abu Dubai Group has full confidence in Pakistan'

Abu Dhabi Group has full confidence in Pakistan, its people and economy. Addressing a press conference here on Monday, Sirajuddin Aziz president and Ikram Sehgal director Bank Alfalah said that recently there has been reports, in a section of media that B
Published 11 Jan, 2011 12:00am
Country's first cereal plant starts functioning

Country's first cereal plant starts functioning

Country's first state of the art breakfast cereals plant, capable of producing over 30,000 boxes of cereal per day, started working on Monday. The plant is located in Faisalabad Industrial Estate, which will give the country an opportunity to export break
Published 11 Jan, 2011 12:00am
Iran plane crash: president grieved

Iran plane crash: president grieved

President Asif Ali Zardari on Monday expressed deep grief and sorrow over the loss of precious lives in a tragic plane crash in Iran on Sunday. The President conveyed his heartfelt condolences to the government and the people of Iran on the tragedy. He pr
Published 11 Jan, 2011 12:00am
MQM's decision will provide government temporary relief, says Fazl

MQM's decision will provide government temporary relief, says Fazl

Maulana Fazal-ur-Rehman, Chief of Jamait-e-Ulema-i-Islam (JUI-F) and Chairman, National Assembly's Standing Committee on Kashmir Affairs has said that MQM's decision to rejoin the government is a short-term initiative as it will provide a temporary relief
Published 11 Jan, 2011 12:00am
Affairs of economy: business community shows utter desperation

Affairs of economy: business community shows utter desperation

The business community sent a strong but disturbing signal to the government during JUI chief Maulana Fazal-ur-Rehman, chairman Kashmir committee's visit to the Federation of Chambers of Commerce and Industry (FPCCI) head office. Majority of FPCCI leaders
Published 11 Jan, 2011 12:00am
KU to begin new session on January 17

KU to begin new session on January 17

University of Karachi while successfully tackling around 58 postponed semester examinations due to various reasons, is now going to start the new session on January 17. Orientation classes for newcomers would be held on January 15 if the routine affair go
Published 11 Jan, 2011 12:00am
Altaf asks Zardari, Gilani to resolve gas shortage problem

Altaf asks Zardari, Gilani to resolve gas shortage problem

Muttahid Qaumi Movement (MQM) Quaid Altaf Hussain on Monday demanded of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani to immediately overcome gas shortage in Karachi. Reacting to gas suspension and its shortage in Karachi, MQM chief sai
Published 11 Jan, 2011 12:00am
Loadshedding in industrial areas: massive closure of industries feared

Loadshedding in industrial areas: massive closure of industries feared

The industrialists have feared massive closure of industries in Karachi if Karachi Electric Supply Company (KESC) continued the 16 hours load shedding to industrial areas, which will not only result in mass scale unemployment but also failure in delivery
Published 11 Jan, 2011 12:00am
Cess committee approves 10 schemes

Cess committee approves 10 schemes

The Divisi-onal Sugarcane Development Cess committee approved 10 schemes of construction of culverts maintenance of drains and repair/rehabilitation of roads in the areas of different sugar mills in the Faisalabad Division at a cost of Rs 20.378 million.
Published 11 Jan, 2011 12:00am
Need stressed to fill water supply, demand gap

Need stressed to fill water supply, demand gap

Chairman Indus River System Authority (IRSA) Rao Irshad Ali Khan has revealed that Inter-provincial disputes on water were not the new ones but it was happened at the time of implementing the Sutlej Valley Canal Project during in 1932. He was addressing t
Published 11 Jan, 2011 12:00am
Bank looted

Bank looted

At least three unidentified armed robbers on Monday looted over a half million rupees from a bank in the limits of Rizvia police station. According to police sources, at around 12:45 pm, some three armed robbers entered in a bank situated at Nazimabad No
Published 11 Jan, 2011 12:00am
Chief minister Sindh, Interior Minister discuss law, order

Chief minister Sindh, Interior Minister discuss law, order

The meeting of two-member committee formed by President Asif Ali Zardari, comprising Chief Minister Sindh Syed Qaim Ali Shah and Minister for Interior, Rehman Malik, held a meeting on Monday at Chief Minister House here. An official statement said that th
Published 11 Jan, 2011 12:00am
e-facilitation centre set up at SBP Islamabad

e-facilitation centre set up at SBP Islamabad

The Federal Board of Revenue has set up e-facilitation center at the State Bank of Pakistan (SBP) Islamabad to assist taxpayers in preparing their electronic tax payments after successful implementation of e-tax payment project at the National Bank of Pak
Published 11 Jan, 2011 12:00am
Hamdard Naunehal Assembly pays homage to Hakim Said

Hamdard Naunehal Assembly pays homage to Hakim Said

A function, comprised recitation of holy verses from Qur'an, na'at, speeches, tableau and dua-i-Said, to celebrate National Children Day, 9th January - birthday of Hakim Said was organised by Hamdard Naunehal Assembly Karachi chapter on January 9, 2011 at
Published 11 Jan, 2011 12:00am
PML-N, PPP acting according to a well-scripted drama: PTI

PML-N, PPP acting according to a well-scripted drama: PTI

The Additional Secretary General of Pakistan Tehreek-e-Insaf (PTI) Saifullah Khan Niazi has said that both PML-N and the PPP have been acting according to a well-scripted drama on the political theatre of the country. Issuing a policy statement of his par
Published 11 Jan, 2011 12:00am
MetLife Alico donates Rs 9.5 million for flood affected villages

MetLife Alico donates Rs 9.5 million for flood affected villages

MetLife Alico - Pakistan, Chairman and CEO, Arif Sultan Mufti handed over cheque of Rs 9.5 million to Azhar Salim, CEO of Human Development Foundation (HDF) in support and aid to the recent flood affected villages. The contribution was made by the MetLife
Published 11 Jan, 2011 12:00am
Book on Faiz to be launched on January 13

Book on Faiz to be launched on January 13

National Language Authority (NLA) would hold the launching ceremony of "Faiz Ahmad Faiz - Selected Articles", compiled by Professor Yousaf Hassan and Dr Rawish Nadeem on January 13. The ceremony is being arranged by Association of Progressive Writers of R
Published 11 Jan, 2011 12:00am
Implementation of agenda to bring economic prosperity: Nawaz

Implementation of agenda to bring economic prosperity: Nawaz

Pakistan Muslim League-Nawaz Quaid Mian Muhammad Nawaz Sharif has expressed the hope that implementation on his 10-point national agenda would bring much-needed economic prosperity and stability in the country.
Published 11 Jan, 2011 12:00am
IMC concerned over import orders of over 5,000 cars

IMC concerned over import orders of over 5,000 cars

The Indus Motor Company's (IMC) Chief Executive Officer Pervez Ghias has urged the government to look into the matter regarding import orders of over 5000 cars just within 20 days against the total import of 4000 cars during the whole year. The Ministry o
Published 11 Jan, 2011 12:00am
Environmental awareness, nature conservation GCU, WWF ink agreement

Environmental awareness, nature conservation GCU, WWF ink agreement

Government College University, Lahore and world-wide Fund for Nature - Pakistan (WWF-Pakistan) have joined hands for environmental awareness and nature conservation. A Memorandum of Understanding (MoU) was signed in this regard by GCU Vice Chancellor, Pro
Published 11 Jan, 2011 12:00am
Fog paralyses life in Southern Punjab

Fog paralyses life in Southern Punjab

Dense fog in Southern Punjab on Monday evening not only caused massive nuisance for the commuters but also paralysed routine activities of the citizens. It also badly affected flight schedules and disrupted railway traffic. Due to foggy conditions, traffi
Published 11 Jan, 2011 12:00am
Three killed, 15 injured due to poor visibility

Three killed, 15 injured due to poor visibility

Three persons including two brothers were killed while 15 others sustained injuries in a pile-up due to poor visibility in wee hours of Monday some 25 kms from here. According to police, due to thick fog a Multan bound coach rammed into a trailer lying ov
Published 11 Jan, 2011 12:00am
Ban on yarn exports: Minister has no regrets

Ban on yarn exports: Minister has no regrets

Federal Textile Minister Rana Farooq Saeed has no regrets on subverting free market mechanism, saying it was his decision to impose ban on exports of yarn from the country. He was reacting to media queries during his visit to All Pakistan Textile Mills As
Published 11 Jan, 2011 12:00am
Irsa reduces further 5,000 cusecs water release from Tarbela dam

Irsa reduces further 5,000 cusecs water release from Tarbela dam

As the irrigation canals have been closed for the annual month long desilting and repairs programme across the country, the Indus River System Authority (Irsa) has further reduced water releases from Tarbela dam on river Indus by 5,000 cusecs. Irsa is now
Published 11 Jan, 2011 12:00am
600 industrial units remain closed for fourth consecutive day

600 industrial units remain closed for fourth consecutive day

More than 600 industrial units remained closed on fourth consecutive day on Monday and industrialists fear that the ongoing gas schedule would continue till Wednesday (tomorrow) due to drastic drop of gas pressure. In Faisalabad region, a large number of
Published 11 Jan, 2011 12:00am
LHC dismisses petition against Taseer

LHC dismisses petition against Taseer

The Lahore High Court on Monday dismissed a petition filed by Chief Executive of Haseeb Waqas Sugar Mills seeking disqualification of Governor Punjab Salman Taseer declaring it ineffective after the governor's assassination. Petitioner Mian Waqas Riaz thr
Published 11 Jan, 2011 12:00am
BoP loan scam: hearing of Hamesh Khan petition put off

BoP loan scam: hearing of Hamesh Khan petition put off

A division bench of the Lahore High Court (LHC) here on Monday adjourned to January 18, the hearing of bail petition of former president of the Bank of Punjab (BoP) and principal accused in a Rs 9 billion loan scam Hamesh Khan as NAB's counsel sought two
Published 11 Jan, 2011 12:00am
President's dual offices: case proceedings adjourned to January 19

President's dual offices: case proceedings adjourned to January 19

A full bench of Lahore High Court here Monday heard short arguments of an amicus curie in a petition challenging dual office of President Asif Ali Zardari and adjourned further proceedings to January 19. The amicus curie, Abid Hasan Minto in his arguments
Published 11 Jan, 2011 12:00am
Virtual University holds certificate distribution ceremony

Virtual University holds certificate distribution ceremony

The Virtual University (VU) held ceremony to distribute gold medals and certificates of merit among the students. Vice Chancellor, University of Punjab, Professor Dr Mujahid Kamran was the chief guest on the occasion and awarded gold medals to 85 students
Published 11 Jan, 2011 12:00am
Meezan Bank awarded 'Best Islamic bank in Pakistan'

Meezan Bank awarded 'Best Islamic bank in Pakistan'

Meezan Bank, Pakistan's first and largest Islamic bank, has been awarded 'Best Islamic Bank in Pakistan' for 2010 by Islamic Finance News of REDmoney Group, Malaysia. Meezan Bank has won this award consecutively for the last 6 years. The award brings to l
Published 11 Jan, 2011 12:00am
Date for submission of admission forms extended

Date for submission of admission forms extended

The Director Admissions University of Sindh has extended date for submission of admission forms for 2-year LLM, 2 year MBA (executive) and 4-year BBA evening programs up to January, 21. In an announcement the Director Admissions has notified on Monday tha
Published 11 Jan, 2011 12:00am
Sri Lankan team visits Quaid's mazar

Sri Lankan team visits Quaid's mazar

The Speaker of Parliament of Sri Lanka, Camal Rajapaksa, along with the 11-member delegation visited the mausoleum of Quaid-i-Azam Muhammad Ali Jinnah, on Monday. He laid a floral wreath at the Mazar and paid respect and rich tributes to the Father of the
Published 11 Jan, 2011 12:00am
Zardari assures Sri Lanka of providing cement, sugar plants on credit

Zardari assures Sri Lanka of providing cement, sugar plants on credit

President Asif Ali Zardari on Monday assured Sri Lanka of providing soft term credit facility for export of Pakistan's cement and sugar plants to it. He was talking to members of a Sri Lanka parliamentary delegation, headed by Speaker Chamal Jayantha Raja
Published 11 Jan, 2011 12:00am
ISPR DG underlines need for 'de-radicalisation'

ISPR DG underlines need for 'de-radicalisation'

Major General Ather Abbas, Director General (DG) Inter Services Public Relations (ISPR) on Monday underlined the need for 'de-radicalisation' of those who had been misguided by miscreants and were being forced to carry on their agenda. He urged the civil
Published 11 Jan, 2011 12:00am
Three killed in Naseerabad road accident

Three killed in Naseerabad road accident

At least three people have died while five others sustained serious injuries in a road accident near Bakhtyarabad, on Monday morning. According to the local administration, a speedy jeep ran into a truck coming from the opposite direction due to dense fog
Published 11 Jan, 2011 12:00am
First wheat export vessel docked at FAP terminal

First wheat export vessel docked at FAP terminal

Under the Government of Pakistan's Wheat Export Policy for 2011, the first vessel of the season, "MV LAGONDA" docked at the Fauji Akbar Portia Marine Terminal (FAP) at Port Qasim to load about 27,000 metric tons of bulk wheat being exported through the pr
Published 11 Jan, 2011 12:00am
IGI Income Fund assigned A+ rating

IGI Income Fund assigned A+ rating

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned a preliminary fund stability rating of A+(f) (Single A plus (f)) to IGI Income Fund (IGIIF). This credit rating is indicative of stable returns with a sound credit risk profile. IGIIF was introduced
Published 11 Jan, 2011 12:00am
IGI Income Fund assigned A+ rating

IGI Income Fund assigned A+ rating

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned a preliminary fund stability rating of A+(f) (Single A plus (f)) to IGI Income Fund (IGIIF). This credit rating is indicative of stable returns with a sound credit risk profile. IGIIF was introduced
Published 11 Jan, 2011 12:00am
MS/ MPhil degree programme: IMCS announces interview date

MS/ MPhil degree programme: IMCS announces interview date

The Institute of Mathematics and Computer Science (IMCS) University of Sindh has announced on Monday that interview of those candidates who have qualified the pre entry test for admissions to MS/MPhil degree program in Computer Science and Mathematics wil
Published 11 Jan, 2011 12:00am
Oil consumption in 2010 stands at fresh high of 20 million tons

Oil consumption in 2010 stands at fresh high of 20 million tons

The oil consumption in the country has increased to fresh high of 20 million tons in the year 2010, up 0.5 percent from 2009. This increase was mainly on the back of healthy demand in December 2010 when oil consumption improved by 11 percent on both yearl
Published 11 Jan, 2011 12:00am
Nadra issues record number of CNICs in 2010

Nadra issues record number of CNICs in 2010

National Database and Registration Authority (Nadra) has registered 83.094 million citizens so far while authority witnessed unprecedented surge in registration for the year 2010 and as many as 12,253,967 citizens were registered which is the highest reco
Published 11 Jan, 2011 12:00am
PPP ensured merit in recruitment of teachers: Sarfraz Rajar

PPP ensured merit in recruitment of teachers: Sarfraz Rajar

The Advisor to Chief Minister Sindh, Sarfraz Rajar has said that the introduction of merit in recruitment of the teachers in education department was achievement of PPP and its commitment to improve standard of education and added that it would bring revo
Published 11 Jan, 2011 12:00am
IoBM holds seminar

IoBM holds seminar

An interactive seminar on Population Strategies in Sindh: New developments under the 18th Amendment, jointly organised by the Centre for Studies in Sindh Institute of Business Management (loBM) and Rotary Fund for Population and Sustainable Development in
Published 11 Jan, 2011 12:00am
What fiscal discipline?

What fiscal discipline?

Secretary Finance Waqar Masood while briefing the Senate Standing Committee on Finance maintained that the government was making all-out efforts to contain the budget deficit for the current fiscal year at 6 percent. This is 1.3 percentage points higher t
Published 11 Jan, 2011 12:00am
No free lunches

No free lunches

In a lecture he delivered at an Islamabad think-tank the other day, US Ambassador Cameron Munter had some candid remarks to offer to those raising eyebrows over what they regard as intervention in Pakistan's internal policy matters. "We appear to be intru
Published 11 Jan, 2011 12:00am
Sanity, what the hell is it?

Sanity, what the hell is it?

The reversal of increases in petroleum products' prices was welcomed by the people, but it raised a storm among the "friends" of Pakistan. No sooner had Prime Minister Gilani announced the change, US Secretary of State Hillary Clinton called it a "mistake
Published 11 Jan, 2011 12:00am
SPOTLIGHT: Gilani waves the magic wand! Long live status quo!

SPOTLIGHT: Gilani waves the magic wand! Long live status quo!

I had finished writing my column on Sunday evening when PM Gilani burst on the media scene claiming that everything was under control, every one - friend and foe - had been mollified and danger to himself and to his government had evaporated.
Published 11 Jan, 2011 12:00am
Japan's booming used car exports tackle Moscow, recession

Japan's booming used car exports tackle Moscow, recession

Japanese traders turned second-hand cars made in Japan into a global presence, exporting to 180 countries from Suriname to Uganda and Bangladesh, boasting of the vehicles' performance and durability The thriving business in Russia came to a screeching hal
Published 11 Jan, 2011 12:00am
No electricity for 40 years!

No electricity for 40 years!

Water and Power Development Authority (Wapda) has maintained it would not be in a position to provide electricity to 40,000 villages during the next 40 years. This was disclosed by Chief Executive Officer (CEO) Arif Allauddin of Alternative Energy Develop
Published 11 Jan, 2011 12:00am
Al-Shifa Trust set up four eye hospitals in two decades

Al-Shifa Trust set up four eye hospitals in two decades

Al-Shifa Trust has set up a chain of four eye hospitals of international standard in the last two-decade in Rawalpindi, Kohat, Sukkur and Muzaffarabad, benefiting over six million patients. This was stated by Al-Shifa Trust President Lieutenant General (R
Published 11 Jan, 2011 12:00am
SNGPL restores gas supply to CNG stations, textile industry

SNGPL restores gas supply to CNG stations, textile industry

Sui Northern Gas Pipeline Limited (SNGPL), which is facing a shortfall of 600 MMCFD, nonetheless decided on Monday to restore gas supply to textile industry and CNG sector. A senior SNGPL official said that supply of gas to the system stood at 2000 mmcfd
Published 11 Jan, 2011 12:00am
KB Dam triggers rumpus in Khyber Pakhtunkhwa Assembly

KB Dam triggers rumpus in Khyber Pakhtunkhwa Assembly

The issue of the controversial Kalabagh Dam Monday triggered rumpus in Khyber Pakhtunkhwa Assembly and legislators from treasury and opposition began verbal brawl in the house. The house was debating massive unscheduled electricity and gas load shedding w
Published 11 Jan, 2011 12:00am
Blasphemy law: JI condemns Pope Benedict's demand

Blasphemy law: JI condemns Pope Benedict's demand

Secretary General Jamaat-e-Islami, Liaquat Baloch has strongly condemned Pope Benedict's demand for repealing the Blasphemy Law terming it an open interference in Pakistan's internal and religious affairs. He said Pope's assertion had exposed the west's e
Published 11 Jan, 2011 12:00am
Briefing on Basel III capital management on January 25

Briefing on Basel III capital management on January 25

Peter Hughes, formerly Head of Global Risk Management (Shared Technology & Operations) with J.P. Morgan Chase will be conducting a briefing in Karachi, January 25, 2011 on key aspects relating to capital charges, leverage ratio, liquidity and counter-part
Published 11 Jan, 2011 12:00am
SECP amnesty schemes get huge response

SECP amnesty schemes get huge response

The Securities and Exchange Commission of Pakistan (SECP) received an overwhelming response from the corporate sector to the companies regularisation and companies easy exit schemes. The schemes not only generated huge revenue but also enhanced the corpor
Published 11 Jan, 2011 12:00am
PAF hands over keys of 26 houses built for flood victims

PAF hands over keys of 26 houses built for flood victims

The Pakistan Air Force (PAF) on Monday handed over keys of 26 newly constructed housing units among flood affected people in Daud Khel area of Mianwali district. Deputy Chief of the Air Staff (Administration), PAF Air Marshal Waseem-ud-Din was chief guest
Published 11 Jan, 2011 12:00am
Hoti pledges to wage war against corruption

Hoti pledges to wage war against corruption

Chairman, anti-graft caucus and former Federal Minister Nawabzada Khawaja Mohammad Khan Hoti has reiterated his resolve of waging war against corruption in the country in general and Khyber Pakhtunkhwa in particular. Addressing a public meeting in Mardan,
Published 11 Jan, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose above $1,370 an ounce on Monday as the dollar moved into negative territory versus the euro, and as concerns over the outlook for Portugal's sovereign debt lifted the metal's appeal as a haven from risk. Spot gold was bid at $1,370.75 an ounce a
Published 11 Jan, 2011 12:00am
US MIDDAY: corn, soya and wheat up

US MIDDAY: corn, soya and wheat up

Grain futures on the Chicago Board of Trade were higher early on Monday, with corn and soyabean futures leading the gains amid still-dry crop weather in Argentina and higher crude oil futures, traders said. CBOT March corn also found support from technica
Published 11 Jan, 2011 12:00am
US MIDDAY: cocoa rebounds

US MIDDAY: cocoa rebounds

Cocoa futures rebounded from an earlier four-week low early on Monday with industry buying helping to stem the market's recent downward slide. Dealers said the market had earlier been weighed by hedge selling as supplies flowed out of West Africa despite
Published 11 Jan, 2011 12:00am
Gold holds below $1,370 in Europe

Gold holds below $1,370 in Europe

Gold held below $1,370 an ounce on Monday as the firmer dollar kept up pressure on the metal, offsetting concerns about the prospects for Portugal's sovereign debt, which lifted the metal's appeal as a haven from risk. Spot gold was bid at $1,366.85 an ou
Published 11 Jan, 2011 12:00am
Gold edges up in Asia

Gold edges up in Asia

Spot gold edged higher on Monday, after losing 3.5 percent in the first week of 2011, as fears over the eurozone debt crisis buoyed appetite for bullion, and bargain hunting in the physical market provided support. Spot gold edged up 0.4 percent to $1,374
Published 11 Jan, 2011 12:00am
Oil rises on Alaska pipeline closure, cold weather

Oil rises on Alaska pipeline closure, cold weather

US oil prices rose more than 1 percent on Monday after a leak shut the Trans Alaska Pipeline, which carries nearly 12 percent of domestic crude output. The pipeline closed on Saturday because of a leakage at a pump station booster in Prudhoe Bay, forcing
Published 11 Jan, 2011 12:00am
Liffe cocoa ends higher

Liffe cocoa ends higher

Liffe May cocoa ended 12 pounds higher at 1,948 pounds a tonne on Monday. Industry buying emerged to stem the fall after prices earlier slid to a four-week low. Supply risk premium for political tensions in Ivory Coast has, however, eroded. Liffe March wh
Published 11 Jan, 2011 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Palm oil fell on Monday as a smaller-than-expected decline in stocks gave traders an excuse to book profits although concerns over global vegetable oil supplies limited losses. A weaker Malaysian palm oil production trend into the first quarter of this ye
Published 11 Jan, 2011 12:00am
Afghan gold mine deal brings foreign investment

Afghan gold mine deal brings foreign investment

Afghanistan signed a deal on Monday with a local company backed by foreign investors to develop the country's second gold mine, a project the government hopes will attract more money to the war-torn region. Afghan Krystal Natural Resources will invest up
Published 11 Jan, 2011 12:00am
India drops 60 percent import tax on sugar

India drops 60 percent import tax on sugar

India has dropped a 60 percent import tax on sugar, a government statement said, reversing the rule that was slapped from January 1. The new rule is applicable from January 8, the statement posted on a government website said on Monday, without giving the
Published 11 Jan, 2011 12:00am
Copper declines

Copper declines

Copper fell 1 percent on Monday, as worries about sovereign debt in Europe curbed risk appetite, and lower buying activity from top consumer China sapped upward momentum. Copper for three-months delivery on the London Metal Exchange finished at $9,321, do
Published 11 Jan, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai copper futures pared early gains on Monday as investors trimmed positions in light of rising stocks and record prices. Shanghai copper rose 260 yuan to 69,760, having earlier touched 70,200 yuan. China's imports of copper fell 2 percent to 344,55
Published 11 Jan, 2011 12:00am
New York cotton ends higher in modest trade, USDA eyed

New York cotton ends higher in modest trade, USDA eyed

US cotton futures finished higher on Monday on speculative and possibly some mill buying, but business was moderate as most players awaited release of a key government crop report this week, traders said. Benchmark March cotton contract on ICE Futures US
Published 11 Jan, 2011 12:00am
WikiLeaks losing half a million euros a week: Assange

WikiLeaks losing half a million euros a week: Assange

Whistleblower website WikiLeaks has been losing some half a million euros a week since it began publishing confidential US cables, the founder of the site Julian Assange said in an interview appearing Monday. When asked about the pressure put on him over
Published 11 Jan, 2011 12:00am
Chinese troops 'threaten' Indians in disputed area

Chinese troops 'threaten' Indians in disputed area

India on Monday said Chinese troops had threatened Indian workers in an area of the Himalayas claimed by both countries, in the latest sign of long-standing cross-border friction. Indian army chief General V.K. Singh told reporters that the workers were i
Published 11 Jan, 2011 12:00am
China schools issue GPS phones to boost safety

China schools issue GPS phones to boost safety

Schools in Beijing are giving GPS-equipped mobile phones to students, as China seeks to tackle the twin problems of missing children and campus violence, state press said Monday. The Beijing Red Cross Foundation distributed the first batch of 20,000 GPS p
Published 11 Jan, 2011 12:00am
Clashes in Sudan's Abyei kill at least 33

Clashes in Sudan's Abyei kill at least 33

The feuding Misseriya Arab and Ngok Dinka peoples of the disputed Sudan district of Abyei on Monday both reported heavy losses in clashes over the past three days totalling at least 33 dead. "Thirteen Misseriya have been killed and 38 wounded since Friday
Published 11 Jan, 2011 12:00am
Sanctions slowing Iran's atom work: Clinton

Sanctions slowing Iran's atom work: Clinton

Sanctions have set back Iran's nuclear programme, giving major powers more time to persuade Tehran to change tack, Secretary of State Hillary Clinton said on Monday. "The most recent analysis is that the sanctions have been working. They have made it much
Published 11 Jan, 2011 12:00am
Floods threaten Australia's third biggest city

Floods threaten Australia's third biggest city

Residents in Australia's third largest city, Brisbane, sandbagged their homes against rising waters on Monday as torrential rain worsened floods that have paralysed the coal industry in the northeast and now threaten tourism. Four people were killed in an
Published 11 Jan, 2011 12:00am
Biden in Afghanistan for talks with Karzai

Biden in Afghanistan for talks with Karzai

US Vice President Joe Biden arrived in Afghanistan on Monday on a trip for talks with Afghanistan President Hamid Karzai and visit with US troops. Biden is to check on US efforts to begin a gradual withdrawal of US troops from Afghanistan in July, a timet
Published 11 Jan, 2011 12:00am
Nepal to deport hundreds of Bangladeshis

Nepal to deport hundreds of Bangladeshis

Hundreds of Bangladeshis illegally employed in Nepal's capital will be deported, officials said Monday. Police said the migrants were being taken to Gulf countries by human traffickers who abandoned them. The revelation came after the arrest of alleged sm
Published 11 Jan, 2011 12:00am
Netanyahu defends settlement after US criticism

Netanyahu defends settlement after US criticism

Israeli Prime Minister Benjamin Netanyahu, saying Jews have a right to live anywhere in Jerusalem, defended on Monday a settlement project that drew criticism from US Secretary of State Hillary Clinton. Israeli bulldozers cleared the way for 20 new homes
Published 11 Jan, 2011 12:00am
Delhi shivers on coldest day in 40 years

Delhi shivers on coldest day in 40 years

New Delhi endured its coldest day in 40 years on Sunday as temperatures fell to three degrees Celsius (37.4 degrees Fahrenheit) during a cold snap across northern India. As thousands of homeless people sought places in temporary shelters, more than 80 peo
Published 11 Jan, 2011 12:00am
US, China say deeper military ties needed to avoid missteps

US, China say deeper military ties needed to avoid missteps

US Defence Secretary Robert Gates and his Chinese counterpart said on Monday stronger military ties were needed to avoid missteps between the two global giants, whose forces have pushed up against each other in Asia. Gates is in China on a bridge-building
Published 11 Jan, 2011 12:00am
Spanish government rejects ETA ceasefire move

Spanish government rejects ETA ceasefire move

Spain's government rejected a permanent ceasefire declared by the Basque rebel group ETA on Monday, saying the move was insufficient for starting talks to end decades of violence. ETA, which has killed more than 850 people in its half-century armed strugg
Published 11 Jan, 2011 12:00am
South Korea rejects North's proposal for talks

South Korea rejects North's proposal for talks

North Korea Monday officially proposed dialogue with South Korea, less than two months after launching a deadly bombardment of a border island, but a sceptical Seoul quickly rejected the offer. The South said it was willing to hold government-level talks,
Published 11 Jan, 2011 12:00am
Snow and ice leave one dead, shut down Deep South

Snow and ice leave one dead, shut down Deep South

Snow carpeted much of the US Deep South on Monday, leaving one person dead in Alabama, cutting off power to around 4,000 people in Georgia and closing countless roads, authorities said. Up to nine inches of snow fell in highland parts of the South but aut
Published 11 Jan, 2011 12:00am
New Zealand media irate after Pakistan thrashing

New Zealand media irate after Pakistan thrashing

New Zealand media lashed the nation's "embarrassingly bad" cricket team Monday after Pakistan routed the Black Caps within three days in the first Test at Hamilton. "New year - same old horror story," the back page of the New Zealand Herald declared, addi
Published 11 Jan, 2011 12:00am
Top seed Bartoli romps past Safina

Top seed Bartoli romps past Safina

French top seed Marion Bartoli dropped only one game in dumping former world number one Dinara Safina out of the Hobart International on Monday. Bartoli was in commanding form to put out the 2009 Australian Open runner-up, 6-0, 6-1 in one hour and 31 minu
Published 11 Jan, 2011 12:00am
Cahill on song as Australia crush India

Cahill on song as Australia crush India

An impressive Australia crushed India 4-0 to get their Asian Cup campaign off to a decisive start Monday with red-hot Everton star Tim Cahill collecting two goals. Played at an Al-Sadd Stadium packed with noisy expatriate Indians, a convincing win was nee
Published 11 Jan, 2011 12:00am
Saudis in turmoil after coach fired

Saudis in turmoil after coach fired

Saudi Arabia's quest for a fourth Asian Cup lay in tatters on Monday after they sacked beleaguered coach Jose Peseiro in the wake of an embarrassing 2-1 defeat to Syria in their opening game. The Portuguese, a former assistant to Carlos Queiroz at Real Ma
Published 11 Jan, 2011 12:00am
Pakistan can finish at respectable place in WC: Miandad

Pakistan can finish at respectable place in WC: Miandad

Director General Pakistan Cricket Board (PCB) and former captain Javed Miandad believes that Pakistan's current players were talented enough and can finish at some respectable place in the upcoming World Cup provided they bring back the 1992 attitude.
Published 11 Jan, 2011 12:00am
PFF directors felicitate Faisal Saleh Hayat

PFF directors felicitate Faisal Saleh Hayat

Pakistan Football Federation (PFF)'s SVP Zahir Shah, VP Syed Khadim Ali Shah, Secretary General Lieutenant Colonel Ahmed Yar Khan Lodhi (Retd), Director Marketing Sardar Naveed Haider, Director Operation Wng Cmdr Pervaiz Saeed Mir (Retd), Director Clubs L
Published 11 Jan, 2011 12:00am
I always followed Wasim's bowling, says Nasrullah

I always followed Wasim's bowling, says Nasrullah

Pakistan cricket has an unerring ability to churn out exceptionally talented fast bowlers seemingly out on thin air. The nation has always been blessed with bowlers capable of causing fear in the bosoms of the most battle-hardened of batsmen.
Published 11 Jan, 2011 12:00am
Del Potro survives tough comeback match

Del Potro survives tough comeback match

Juan Martin del Potro toiled for over three hours before subduing Feliciano Lopez in his first tour match for almost a year at the Sydney International on Monday. The giant Argentine, who downed Roger Federer in the 2009 US Open final, got just the workou
Published 11 Jan, 2011 12:00am
Bell leads England to easy win over Prime Minister's XI

Bell leads England to easy win over Prime Minister's XI

Ian Bell's sparkling tour Down Under continued on Monday as he scored an unbeaten century to guide England to a seven-wicket win over the Australian Prime Minister's XI in a one-day match. Chasing 223 to win in the rain-affected match, Bell blasted 13 fou
Published 11 Jan, 2011 12:00am
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