Former naib nazim of SITE Town Badshah Khan was shot dead by unidentified pillion riders in the limits of Mominabad police station here on Saturday. According to police sources, two motorcyclists targeted the ex-naib nazim near his residence at Fareed Col
Former naib nazim of SITE Town Badshah Khan was shot dead by unidentified pillion riders in the limits of Mominabad police station here on Saturday. According to police sources, two motorcyclists targeted the ex-naib nazim near his residence at Fareed Col
India's state-owned oil marketing companies on Saturday raised petrol prices by up to Rs 2.54 a litre. The increase in petrol prices is second in 30 days. Indian oil outlets will sell petrol at Rs 58.37 a litre, according to India's Business Standard.
India's state-owned oil marketing companies on Saturday raised petrol prices by up to Rs 2.54 a litre. The increase in petrol prices is second in 30 days. Indian oil outlets will sell petrol at Rs 58.37 a litre, according to India's Business Standard.
India''s state-owned oil marketing companies on Saturday raised petrol prices by up to Rs 2.54 a litre. The increase in petrol prices is second in 30 days. Indian oil outlets will sell petrol at Rs 58.37 a litre, according to India''s Business Standard.
The World Bank (WB) review mission has conveyed to the FBR Chairman, Salman Siddique, that the absence of co-ordination among FBR Members Domestic Operations, FBR Member Enforcement, FBR Member Audit, Pakistan Revenue Automation Limited (PRAL) and Large T
The World Bank (WB) review mission has conveyed to the FBR Chairman, Salman Siddique, that the absence of co-ordination among FBR Members Domestic Operations, FBR Member Enforcement, FBR Member Audit, Pakistan Revenue Automation Limited (PRAL) and Large T
The World Bank (WB) review mission has conveyed to the FBR Chairman, Salman Siddique, that the absence of co-ordination among FBR Members Domestic Operations, FBR Member Enforcement, FBR Member Audit, Pakistan Revenue Automation Limited (PRAL) and Large T
The Asian Development Bank (ADB) has failed to firm up financing for the 4500 mw multi-billion dollars Diamer-Bhasha hydropower project, despite giving assurance of financing to Prime Minister Yousuf Raza Gilani some two years ago. However, the Economic C
The Asian Development Bank (ADB) has failed to firm up financing for the 4500 mw multi-billion dollars Diamer-Bhasha hydropower project, despite giving assurance of financing to Prime Minister Yousuf Raza Gilani some two years ago. However, the Economic C
The Asian Development Bank (ADB) has failed to firm up financing for the 4500 mw multi-billion dollars Diamer-Bhasha hydropower project, despite giving assurance of financing to Prime Minister Yousuf Raza Gilani some two years ago. However, the Economic C
The State Bank of Pakistan has allowed all banks to open dedicated Home Remittance Payment Centres with immediate effect. This decision has been taken by the State Bank keeping in view the rising trend in home remittances and their importance for the econ
The State Bank of Pakistan has allowed all banks to open dedicated Home Remittance Payment Centres with immediate effect. This decision has been taken by the State Bank keeping in view the rising trend in home remittances and their importance for the econ
The State Bank of Pakistan has allowed all banks to open dedicated Home Remittance Payment Centres with immediate effect. This decision has been taken by the State Bank keeping in view the rising trend in home remittances and their importance for the econ
A fresh inflow of $29.177 million of foreign investors' portfolio investment (FIPI) was witnessed at the equity market during the week ended on January 14, 2011. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative inflo
A fresh inflow of $29.177 million of foreign investors' portfolio investment (FIPI) was witnessed at the equity market during the week ended on January 14, 2011. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative inflo
A fresh inflow of $29.177 million of foreign investors'' portfolio investment (FIPI) was witnessed at the equity market during the week ended on January 14, 2011. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative infl
Unidentified gunmen set 16 Nato oil tankers on fire in Dera Murad Jamali on Saturday. The convoy was attacked before dawn outside the town of Dera Murad Jamali, some 400 kilometres (250 miles) south-east of Quetta, local administration chief Abdul Fatah K
Unidentified gunmen set 16 Nato oil tankers on fire in Dera Murad Jamali on Saturday. The convoy was attacked before dawn outside the town of Dera Murad Jamali, some 400 kilometres (250 miles) south-east of Quetta, local administration chief Abdul Fatah K
The government's spending on infrastructure development in relation to roads, highways, and bridges declined by 36.57 percent in the first quarter of current fiscal year as compared to corresponding period of last year, while expenditure on law and order
The government's spending on infrastructure development in relation to roads, highways, and bridges declined by 36.57 percent in the first quarter of current fiscal year as compared to corresponding period of last year, while expenditure on law and order
The government''s spending on infrastructure development in relation to roads, highways, and bridges declined by 36.57 percent in the first quarter of current fiscal year as compared to corresponding period of last year, while expenditure on law and order
The Chief Executive of Trade Development Authority of Pakistan (TDAP), Tariq Iqbal Puri, said on Saturday that exports target of $20 billion for the fiscal year 2010-11 would be achieved before June despite significant energy shortage during winter.
The Chief Executive of Trade Development Authority of Pakistan (TDAP), Tariq Iqbal Puri, said on Saturday that exports target of $20 billion for the fiscal year 2010-11 would be achieved before June despite significant energy shortage during winter.
The Chief Executive of Trade Development Authority of Pakistan (TDAP), Tariq Iqbal Puri, said on Saturday that exports target of $20 billion for the fiscal year 2010-11 would be achieved before June despite significant energy shortage during winter.
Though top officials of the Ministry of Petroleum and leading LPG businessmen failed to develop consensus on a new mechanism of LPG prices and product availability at a high level meeting held on Saturday, Oil and Gas Regulatory Authority (Ogra) has propo
Though top officials of the Ministry of Petroleum and leading LPG businessmen failed to develop consensus on a new mechanism of LPG prices and product availability at a high level meeting held on Saturday, Oil and Gas Regulatory Authority (Ogra) has propo
Though top officials of the Ministry of Petroleum and leading LPG businessmen failed to develop consensus on a new mechanism of LPG prices and product availability at a high level meeting held on Saturday, Oil and Gas Regulatory Authority (Ogra) has propo
The State Bank of Pakistan has advised banks/DFIs to submit claims for second instalment in respect of Fiscal Relief Package of the Government of Pakistan for the beneficiaries of the textile sector in Khyber Pakhtunkhwa, Federal and Provincial Administer
The State Bank of Pakistan has advised banks/DFIs to submit claims for second instalment in respect of Fiscal Relief Package of the Government of Pakistan for the beneficiaries of the textile sector in Khyber Pakhtunkhwa, Federal and Provincial Administer
The State Bank of Pakistan has advised banks/DFIs to submit claims for second instalment in respect of Fiscal Relief Package of the Government of Pakistan for the beneficiaries of the textile sector in Khyber Pakhtunkhwa, Federal and Provincial Administer
Belarus state media on Saturday kept up a barrage of criticism against Western countries which it has accused of seeking to overthrow President Alexander Lukashenko during last month's presidential election.
Two US soldiers were killed and a third was injured when two Iraqi soldiers opened fire on US troops during training in the northern city of Mosul on Saturday, Iraqi army sources said. The incident occurred while US soldiers were training an Iraqi militar
Microsoft Corporation Chairman Bill Gates on Saturday called on President Asif Ali Zardari in Washington, Aaj News reported. According to the channel, Bill Gates vowed to help Pakistan with its polio eradication campaign. President Asif Ali Zardari
Iran will ban flights by all its Tupolev aircraft from February following a series of disasters involving Russian-built jets in the Islamic state, the semi-official Mehr news agency reported on Saturday. Iranian airlines have been dogged by accidents in r
China should not worry about being too heavily invested in the dollar and US government debt, because its dependence is not unique in a world with few alternatives, a senior official at China's sovereign fund said. Wang Jianxi, the chief risk officer at C
Murder charges for ex-premier Rafiq Hariri's assassination are due on Monday, a day after the head of Hezbollah, members of whose group are expected to be named in the chargesheet, is to address Lebanon. The long-awaited indictment and Hassan Nasrallah's
Principal Secretary to the prime minister, Nargis Sethi, has been transferred to the Cabinet Division and Khushnood Akhtar Lashari, Secretary Establishment, has been appointed as new Principal Secretary to the prime minister. According to state-run televi
Principal Secretary to the prime minister, Nargis Sethi, has been transferred to the Cabinet Division and Khushnood Akhtar Lashari, Secretary Establishment, has been appointed as new Principal Secretary to the prime minister. According to state-run televi
Pakistan Muslim League (PML-Q) on Saturday submitted an adjournment motion in the National Assembly Secretariat against targeted killings in Karachi. Deputy Parliamentary Leader of PML-Q, Engineer Amir Muqam told the media after submitting the motion in t
Pakistan Muslim League (PML-Q) on Saturday submitted an adjournment motion in the National Assembly Secretariat against targeted killings in Karachi. Deputy Parliamentary Leader of PML-Q, Engineer Amir Muqam told the media after submitting the motion in t
Pakistan Sugar Mills Association (PSMA) has strongly refuted a story appearing in Business Recorder on January 15, 2011 titled 'statistics belies PSMA estimate'
Pakistan Sugar Mills Association (PSMA) has strongly refuted a story appearing in Business Recorder on January 15, 2011 titled 'statistics belies PSMA estimate'
Pakistan Sugar Mills Association (PSMA) has strongly refuted a story appearing in Business Recorder on January 15, 2011 titled ''statistics belies PSMA estimate''
The National Assembly Standing Committee on Petroleum and Natural Resources, scheduled to meet on January 19, 2011, will take up the controversial issue of LPG extraction deal inked between Sui Southern Gas Company (SSGC) and Jamshoro Joint-Venture Limite
The National Assembly Standing Committee on Petroleum and Natural Resources, scheduled to meet on January 19, 2011, will take up the controversial issue of LPG extraction deal inked between Sui Southern Gas Company (SSGC) and Jamshoro Joint-Venture Limite
The National Assembly Standing Committee on Petroleum and Natural Resources, scheduled to meet on January 19, 2011, will take up the controversial issue of LPG extraction deal inked between Sui Southern Gas Company (SSGC) and Jamshoro Joint-Venture Limite
In a bid to reduce bureaucratic hurdles for investors, the Board of Investment (BoI) is going to start online work visa facility for investors and set up facilitation counters at airports. This was stated by Saleem H Mandviwala, minister of state and chai
In a bid to reduce bureaucratic hurdles for investors, the Board of Investment (BoI) is going to start online work visa facility for investors and set up facilitation counters at airports. This was stated by Saleem H Mandviwala, minister of state and chai
In a bid to reduce bureaucratic hurdles for investors, the Board of Investment (BoI) is going to start online work visa facility for investors and set up facilitation counters at airports. This was stated by Saleem H Mandviwala, minister of state and chai
Prime Minister Syed Yousuf Raza Gilani on Saturday said that economy was being revived, saying that it has already made a moderate recovery in 2010 helped by supportive monetary and fiscal policies. Addressing certificate distribution ceremony of the part
Prime Minister Syed Yousuf Raza Gilani on Saturday said that economy was being revived, saying that it has already made a moderate recovery in 2010 helped by supportive monetary and fiscal policies. Addressing certificate distribution ceremony of the part
Prime Minister Syed Yousuf Raza Gilani on Saturday said that economy was being revived, saying that it has already made a moderate recovery in 2010 helped by supportive monetary and fiscal policies. Addressing certificate distribution ceremony of the part
Iran opened the doors of its two atomic facilities to foreign diplomats Saturday, in a rare move to drum up support just days before talks with world powers about its sensitive nuclear programme. The two-day tour to the heavy water installation in Arak an
Iran opened the doors of its two atomic facilities to foreign diplomats Saturday, in a rare move to drum up support just days before talks with world powers about its sensitive nuclear programme. The two-day tour to the heavy water installation in Arak an
Gunmen fired at random from cars in Tunis on Saturday and inmates staged a mass jailbreak while leaders tried to map out Tunisia's political future after the president was swept from power. The speaker of parliament, Fouad Mebazza, was sworn in as interim
Gunmen fired at random from cars in Tunis on Saturday and inmates staged a mass jailbreak while leaders tried to map out Tunisia's political future after the president was swept from power. The speaker of parliament, Fouad Mebazza, was sworn in as interim
The joint meeting of PML-N and Government's committees regarding implementation of the PML-N 10-point agenda will be held on Tuesday. Sources said that PML-N would demand of the government to present the National Accountability Bill in the next session of
The joint meeting of PML-N and Government's committees regarding implementation of the PML-N 10-point agenda will be held on Tuesday. Sources said that PML-N would demand of the government to present the National Accountability Bill in the next session of
The Overseas Pakistanis Foundation (OPF) has decided to circulate draft of the National Policy for Overseas Pakistanis to all concerned stakeholders to get their input and comments.
A high-level meeting held at the Governor House here on Saturday reviewed the present situation. Sindh Governor Dr Ishrat-ul-Ibad Khan presided over the meeting. The meeting was attended by Interior Minister Rehman Malik, Senior Sindh Minister Pir Mazhar-
Member of Muttahida Qaumi Movement (MQM), Rabita Committee, Gulfaraz Khan Khatak appealed to all pro-democratic and moderate parties to play a role to foil attempts to disturb tranquillity in metropolis and to protect life and property of the Karachiites.
Provincial Minister for Population Welfare, Neelam Jabbar Chaudhry has paid glowing tributes to Shaheed Mohtarma Benazir Bhutto and said she initiated lady health workers programme for the provision of basic health facilities to the mother & child in rura
Pakistan will not allow any global powers, who are seeking to re-assert their presence in Asia with a view to using its soil as a 'battleground', said a senior foreign office official in an informal meeting with the media.
Pakistan National Shipping Corporation (PNSC) employees have demanded of the government to regularise around 350 contract workers and stop massive retrenchment. "Some 40 contractual employees have been retrenched which is against the Pakistan People's Par
In pursuance of Supreme Courts order the govt has decided to introduce a new method of pension payment. According to this pensions will be credited directly to pensioners accounts maintained with any schedule bank. The purpose in view is to facilitate the
A seven-member US Senate delegation, led by Senator Mitch McConnell, met Foreign Secretary Salman Bashir here on Saturday. Members of the delegation included Senators Richard Burr, Lindsey Graham, Ron Johnson, Kelly Ayotte, Pat Toomey, and Marco Rubio. Am
Punjab Education Foundation (PEF) has planned to provide free vocational training to 35,000 high school students in 29 districts through public-private partnership. This programme is aimed to provide skilled labour-force to industry.
The prices of kitchen items registered a drastic increase during the week ended on January 15, compared to previous week, according to a survey carried out by Business Recorder. Traders at Gunj Mandi Rawalpindi (grains and cooking oil wholesale mar
President Asif Ali Zardari had a telephonic conversation with former US president George W Bush and discussed matters of mutual interest and regional situation, Pakistani officials said. President Zardari also called Mark E Kelly, husband of Congresswoman
US embassy on Saturday denied the reports suggesting involvement of Nato in any cross border shelling incident on January 13. Spokesman for US embassy while commenting on the reports that Nato forces were involved in a cross-border shelling incident on Ja
Punjab Chief Minister Shahbaz Sharif has said that we will have to save each and every penny for equipping the new generation with latest knowledge for rooting out extremism and terrorism from the country. He said that even today we should make sincere ef
The Senate Standing Committee on Sport, Saturday sought a report on the controversy pertaining to land, which was originally owned by Gaddafi Stadium Sports Complex but the former government allowed an Abu Dhabi-based business group to construct Mubarak C
The government has authorised Pakistan Railways' administration to increase passenger fares only after giving solid reasons, justification and taking elected representatives into confidence.
The Punjab Environment Secretary, Sajjad Saleem Hotiana, has said that human interaction with environment has developed need to start individual as well as collaborative efforts to protect life on this planet.
Misbahuddin Farid has been appointed as the Managing Director of Karachi Water and Sewerage Board (KWSB). An official of the KWSB said on Saturday that the government of Sindh has issued a notification to this effect. Misbah has taken over the charge of t
Arbab Ahmed Syed and Chaudhry Jehanzeb have been elected as President and General Secretary of District Bar Association Multan by bagging 754 out of total 1,874 votes cast. Only 1,874 out of total 3,066 registered voters exercised their right of franchise
Two bomb blasts had occurred during last night in Chilas, one in Ismaeeli Jamaat Khana and other in girls hostel Shaheen village. Talking to newsmen on Saturday, District Superintendent of Police (DSP) Riaz Ahmed said that no casualty or injury was record
The death of veteran journalist, poet and trade unionist Minhaj Barna reminds us of the painstaking efforts made by people like him to secure freedom of media in Pakistan; to reach out to people and to speak their language, said Syed Jawaid Iqbal, Chairma
Helping Hand for Relief and Development (HHRD) in league with World Health Organisation (WHO) launched 'Winter Operation' aimed at helping the flood-stricken people to combat hardships of the harsh winter season.
Tribal Area Chamber of Commerce & Industry (TACCI) has announced to launch protest movement against Tribal Electricity Supply Company (Tesco) for suspending power supply to the industrial units of Bara, Khyber Agency.
A delegation of Pakistan Medical and Dental Council (PMDC) visited Faisalabad Institute of Cardiology (FIC) and said that state-of-the-art facilities are being provided for the treatment of cardio vascular diseases at the institute.
Pakistan Education Task Force (PETF) had started its second phase where it will be consulting with business community and parliamentarians in the Sindh province where it aims to form a Charter on Education for Pakistan.
Apropos an article published in daily Business Recorder dated 6 January 2011 on page 21 'An Analysis of ICI Pakistan's Financial Statements FY02-3QFY10. We would like to draw your attention that there is some incorrect information in the said artic
While several European and US carriers, which had long association with Pakistan, rolled back their operations over the past decade or so, considering the country a bad market and uncertain law and order situation, the national carrier of Dubai, Emirates,
Taking serious note of the reported terrorist activities, including bomb explosion, in Karachi University on December 28, the vice-chancellor, Dr Pirzada Qasim Raza Siddiqui, has rusticated, with immediate effect, three students who were found involved in
Kuwait based business group, DIVA GLAM has invited Pakistani based entrepreneur Kanwal H Malik and her humanitarian fashion brand KHMCouture to participate at "IM A DIVA" Fashion Event to be held in Kuwait between 21st-23rd January 2011.
Punjab Finance Minister Tanvir Ashraf Kaira has on Saturday condemned the incidents of killings in Karachi and termed it as a pre-planned plot against the democratic government. He said Karachi is a very sensitive city and a hub of economic activities, an
The Vice Chancellor University of Sindh Professor Dr Nazir A Mughal handed over scholarship nomination letters to 28 faculty members of different teaching institutes and departments in a simple but memorable ceremony held here Saturday. The occasion was a
Jamaat-i-Islami (JI) on Saturday submitted two separate adjournment motions to Senate's Secretariat against the unabated target killing incidents and murder of a journalist in Karachi, and increase in Pakistan Railways' fares.
While an Afghan High Peace Council delegation, led by former president Burhanuddin Rabbani of the erstwhile Northern Alliance, travelled to Pakistan to discuss with the civil and military leadership, the ongoing negotiations with the Taliban, Indian Forei
The appointment of a Zardari loyalist as governor of Punjab was expected, but what was not expected was the warmth with which the new appointee, Sardar Latif Khosa, has been welcomed by the PML (N), the majority party in the Punjab Assembly.
"Give People enough guidance to make the decisions you want them to make. Don't tell them what to do, but encourage them to do what is best". In times of economic decline when nothing seems to work, businesses begin to feel the pressure from all corners.
The shipment of goods by sea under Sea Act, commonly known as COGSA is our statute, governing the rights and responsibilities between shippers of cargo and ship owners regarding ocean shipments to and from Pakistan. Our trade is assumed to be 95% by sea.
US carmakers may be on the rise again after flirting with disaster, but competition on their home turf will only grow in the coming years for the world's most lucrative car market. The challenge is coming from some unlikely places, including a move toward
Karachi is bleeding because of the ongoing targeted killings. In order to quell this menace, Mian Iftikhar Hussain from Peshawar has given a clarion call with vehemence (disregarding the axis of this evil) to hand over the city to some one as ruthless as
A portrait has recently appeared in a section of press, showing head and eyebrows of a 45-year-old woman shaved in Larkana allegedly by her former husband. The couple has one dozen children, including three girls and nine boys.
The provincial government of Khyber-Pakhtunkhwa on Saturday decided to start 'Evening Paid Patient Services' (EPPS) in four teaching hospitals of the province with immediate effect. This was informed during a meeting held here with Special Secretary Healt
Third Oil and Gas Pakistan 2011 Forum on the theme "Focusing on Energy Issues and Opportunities to Secure Pakistan's Future" will be held on January 29. The Ministry of Petroleum and Natural Resources, PLATTS, world's leading provider of energy and metals
Though Islamabad Police succeeded in avoiding terrorist attacks during the year 2010, they failed to curb the street crime in the city, as 115 cases of street crimes, including cheating, theft, robberies and purse snatching were reported in this week.
Islamabad police have arrested four outlaws from various areas and recovered illegal weapons, snatched mobile phones and looted items worth rupees 100,000 from their possession, said a spokesman of the police, here on Saturday. He said that Margalla Polic
Chief Minister Khyber-Pakhtunkhwa, Ameer Haidar Khan Hoti has announced 50 percent increase in the basic salary of police force keeping in view their sacrifices and professional requirements. The announcement was made by him on Saturday while addressing t
In an attempt to make the federal capital noise-free city, Islamabad Traffic Police (ITP) started a campaign against the pressure horns, said Dr Moeen Masood, Senior Superintendent of Police (Traffic) here on Saturday.
The project Steering Committee comprising Deputy Chairman ERRA, Lieutenant General Haroon Aslam, Vice Chancellor AJK University, DG SERRA and Chief Engineer AJK Saturday awarded the reconstruction of AJK University Rawalakot Campus work to Builders-KGC Co
A group of students from Harvard Kennedy School, USA visited Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC). The purpose of the visit was to give the students a sense of vibrant civil society and governance structure that character
Four extremists were killed in security forces action in Orakzai Agency while six militants were perished when their vehicle ran over a landmine on Saturday, official sources said. Militants had attacked at a security check post in Toda Khura area of Orak
Madina Welfare Trust, a local charity organisation Saturday offered dowry for the girls' of flood-affected families of Khyber-Pakhtunkhwa and Punjab. The offer was made by chairman of the trust Jehanzeb Sabri while addressing a press conference at Peshawa
Oil is fast approaching $100 for the first time in two years, at the end of a momentous week which saw the market driven by the Brent contract's looming expiry, supply-side worries and falling US reserves. Other major global commodity markets were also pu
Asian rice prices were barely changed this week despite fresh demand from the Philippines and Indonesia as harvests mean there will be plenty of grain in top producers Thailand and Vietnam in coming weeks, traders said. Thailand's benchmark 100 percent B
India may ban wheat product exports in a series of measures to tame spiralling food prices that have fuelled rapid inflation and increased pressure on an embattled ruling Congress party, local media said. India currently allows upto 650,000 tonnes of whea
Robusta bean prices on Vietnam's domestic market rose around 2 percent from the previous day to 38.2 million dong ($1,959) a tonne on Wednesday, the highest since March 2008, and trading has slowed, traders said.
Argentina's government will monitor to ensure mills and exporters pay fixed local wheat prices to farmers, local paper La Nacion reported on Saturday, as it braces for a strike by growers next week over export quotas.
Chicago Board of Trade soyabean futures closed higher on Friday, pulled up late by short-covering and fund buying ahead of the three-day US holiday weekend, traders said. CBOT futures markets will be closed Monday, the holiday honouring Martin Luther King
A few cargoes of Thai white sugar for delivery in the first quarter changed hands at small premiums to London futures, while 6,000 tonnes of Indian sweetener was heading for Indonesia, dealers said on Thursday. Thai whites were sold to various end-users i
India is open to freeing up more grains for bulk consumers, Food Secretary Bhushan Chander Gupta said on Friday, to improve supplies amid huge stockpiles. Asia's third-largest economy, which is battling inflation mainly stoked by high vegetable and dairy
US gold futures ended 2 percent lower on Friday after China tightened bank reserves to rein in inflation and as safe-haven demand faded on a better economic outlook. COMEX February gold futures settle down $26.50, or 1.9 percent, at $1,360.5 an ounce on t
Copper made modest gains in London on Friday, but US copper surged to near record levels as an improved US economic outlook. While an improved US outlook pushed copper up, concerns about Chinese demand kept sentiment in check. Three-month copper on the Lo
A stampede sparked by a night-time road accident in dense forest has killed more than 100 Hindu pilgrims in the southern Indian state of Kerala, police and officials said on Saturday. The state's deputy general of police told reporters that 102 people had
A New York money manager with a long history of legal battles with the government has been charged with threatening to kill 47 US officials, including the nation's top securities and commodities regulators. Vincent McCrudden, 49, last month allegedly post
The European Union raised pressure on Saturday on Ivory Coast leader Laurent Gbagbo to step down, freezing assets of the West African country's cocoa-exporting ports, its state oil firm and three banks.
A US marine shot and killed an Afghan police officer on Saturday after a dispute between the pair during a security operation in southern Afghanistan, the Nato-led International Security Assistance Force (ISAF) said. "After departing his post, the uniform
President Barack Obama issued an executive order on Friday loosening more restrictions on US travel and money remittances to Cuba, a further step in his efforts to reach out to the people of the communist-ruled country.
Baghdad and Damascus agreed to boost trade ties on Saturday during a visit by Syrian Prime Minister Mohammed Naji Otri, four months after the two neighbours re-established full diplomatic relations. Otri's visit follows a mid-October trip to the Syrian ca
North Korea will establish a government body to fulfil 10-year strategy projects for its economy, official media said on Saturday, as record high prices are threatening a repeat of the 2008 food crisis in the world.
An American mother who told police her 13-month-old son drowned in the bathtub while she was playing a game on Facebook was charged on Friday with child abuse resulting in death. Shannon Johnson, 34, of Colorado was advised of the charge against her via a
China is in discussions with North Korea about stationing its troops in the isolated state for the first time since 1994, a South Korean newspaper reported Saturday. The Chosun Ilbo newspaper quoted an anonymous official at the presidential Blue House as
Dozens of flood survivors desperate for news of missing relatives lined up outside a morgue in the town of Teresopolis on Saturday as criticism grew of authorities' response to one of Brazil's worst natural disasters which has killed nearly 600 people.
Iran will put on public display two US Navy drones shot down by its elite Revolutionary Guards, a top Iranian commander said on Saturday. "The planes that were shot down are among the most modern US navy drones and have a long-range capability," Ali Fadav
Far-right protesters threw stones at a pro-migrant march in Athens on Saturday before being dispersed by bursts of teargas, police said, in the latest sign of tension over the capital's growing immigrant population. Over 1,000 members of anti-racism group
South Sudan's polling centres closed their doors on Saturday after a week-long vote on independence from the north that could end a vicious cycle of civil war with the creation of the world's newest state. Former US President Jimmy Carter, leading a missi
A federal judge dismissed a whistleblower lawsuit by a former J.P. Morgan Chase & Co private banker who said she was fired for questioning the dealings of a lucrative client.
Pakistan again exposed the brittleness of the New Zealand batting line up when they reduced the Black Caps to 246 for six at stumps on the first day of the second Test on Saturday. In what has become a familiar pattern in recent Tests, the New Zealand low
Cricket's global chief Saturday admitted some venues were not yet ready for the World Cup in South Asia but vowed there would be no repeat of chaos that marred the build-up to the Commonwealth Games. International Cricket Council (ICC) chief executive Har
Gilles Simon claimed his eighth career ATP title with a solid straight sets victory over Serbia's Viktor Troicki in the final of the Sydney International on Saturday. The steady Frenchman drove the excitable Troicki to sheer frustration with his consisten
Three-time champions Iran swept aside North Korea 1-0 at the Asian Cup Saturday to become the first team to qualify for the quarter-finals in their bid to end a 35-year title drought. Karim Ansari Fard struck the winner in the 62nd minute as Team Melli fo
Striker Ismaeel Abdulatif scored four goals as Bahrain swept past India 5-2 at the Al Sadd Stadium on Friday to end the Bhangra Boys's interest in the Asian Cup. Bahrain now need to beat Australia in their final Group C match to qualify for the quarter-fi
A sparkling two-goal display by Carlos Tevez overshadowed a promising debut by Edin Dzeko as Manchester City claimed a nervy 4-3 win over Wolverhampton Wanderers to go top of the Premier League on Saturday. Dzeko, a 27 million pounds ($42.77 million) buy
The Divisional Development Working Party (DDWP) has approved four non-funded schemes at a cost of rupees eight million under 'big city package' and called upon the concerned officers to complete these within the stipulated timeframe.
Member of Parliament, Jamshed Khan Dasti expressed his concern over the use of spurious cottonseed, fertiliser and unavailability of cotton production data. He also asked the Ministry of Food and Agriculture (MINFA) to constitute a joint research and inve
The religious parties of the country will stage a show of strength in support of the Blasphemy Law in the Punjab capital on January 30 while the Jamaat-i-Islami will host an All Parties Conference on the issue on January 29 at Mansoora, the JI chief, Syed
Punjab Education Foundation (PEF) has planned to provide free vocational training to 35,000 high school students in 29 districts through public-private partnership. This programme is aimed to provide skilled labour-force to industry. This was stated by Ch
The Health Department is launching 12-day preventive campaign from Monday (17 January) against measles. During the campaign, medical teams would administer injections to the children of 6-month to 6-year of age, Executive District Officer (Health), Lahore
Intellectual poverty is worst form of poverty as it leads nations towards deprivation, said Vice Chancellor of University of Faisalabad Professor Dr Iqrar Ahmad Khan addressing the participants of international symposium on sustainable rural development a
The euro headed for its best week in more than 1-1/2 years on Friday and could extend gains next week after successful securities auctions by indebted euro zone members calmed fears of a credit crisis in the region.
Key euro-priced bank-to-bank lending rate jumped back above 1.0 percent on Friday, a day after the European Central Bank ratcheted up its rhetoric on inflation concerns in the euro zone. The ECB kept interest rates on hold at a record low of 1 percent on
Uganda's shilling looks set to plumb new record lows against the dollar over the next week due to soaring foreign exchange demand from the oil sector, while Kenya's unit should strengthen slightly.
Currency speculators slashed bets against the US dollar by nearly half in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position fell to $7.38 billion in the week ended January 11
Canada's dollar nudged lower against the greenback on Friday, pressured by bank tightening in China, but easing concerns about the euro zone debt crisis helped the commodity-linked currency recoup early losses. The euro was set for its best week in over a
The S&P 500 ended a seventh straight week of gains with a banks-led rally amid healthy volume after encouraging financial results from J.P. Morgan. Strength in financial stocks helped offset economic reports that showed soft December retail sales and cons
Latin American stocks slipped on Friday on a rise in bank reserve requirements in China, a major consumer of the region's raw material exports. The MSCI Latin American stocks index moved down 0.68 percent, adding to losses in the previous session. Neverth
Sri Lanka's bourse rose on Friday for a 12th straight day on heavy retail buying, hitting its highest level for more than three months, while the rupee closed flat in sluggish trade due to a shortened session. The island's main share index closed 0.15 per
The US government debt market should hold steady next week on views that the economy is growing at a moderate pace with the aid of monetary and fiscal stimuli, with little in the way of economic data that would alter that perception.
The US government debt market should hold steady next week on views that the economy is growing at a moderate pace with the aid of monetary and fiscal stimuli, with little in the way of economic data that would alter that perception.
The South African stocks inched to their fourth straight gain, renewing a 2-1/2-year high, with retailer Truworths advancing after it said it expects first-half profits to increase by as much as 20 percent while rand fell to its lowest in five weeks on Fr
US Treasury debt prices slipped on Friday as investors' increased tolerance for risk, evident in the stock market's gains, came at the expense of safe-haven US government debt. The S&P 500 stock market index was on track for its seventh straight week
US Treasury debt prices slipped on Friday as investors' increased tolerance for risk, evident in the stock market's gains, came at the expense of safe-haven US government debt. The S&P 500 stock market index was on track for its seventh straight week
Latvia's state treasury sold all 20 million lats ($36.97 million) of six-month and 12-month T bills on offer on Wednesday, but yields rose, the stock exchange said. The treasury offered 10 million lats of six-month and 10 million lats of debt maturing in
Latvia's state treasury sold all 20 million lats ($36.97 million) of six-month and 12-month T bills on offer on Wednesday, but yields rose, the stock exchange said. The treasury offered 10 million lats of six-month and 10 million lats of debt maturing in
Private equity firms are finding that selling shares in a company they own is not exactly the same as exiting the investment. Traditionally, private equity firms sell companies they own to public investors through an initial public offering. After the IPO
Toronto's main stock index rallied to a session high at the close, powered by strength in financials, after optimism was boosted by unexpectedly strong earnings from J.P. Morgan. The heavily-weighted banking sector, up 1.76 percent, fully offset weakness
Turkey's benchmark bond yield rose to 7.31 on Friday from 7.19 percent, after comments from the central bank governor increased bets the bank won't cut interest rates at its January 20 meeting. Governor Durmus Yilmaz said on Thursday Turkey's rising curre
Turkey's benchmark bond yield rose to 7.31 on Friday from 7.19 percent, after comments from the central bank governor increased bets the bank won't cut interest rates at its January 20 meeting. Governor Durmus Yilmaz said on Thursday Turkey's rising curre
Indian federal bond yields ended sharply higher on Friday as fears of a rate hike by the central bank heightened after inflation remained sticky in December and buying interest from foreign institutional investors faded. India's headline inflation acceler
Indian federal bond yields ended sharply higher on Friday as fears of a rate hike by the central bank heightened after inflation remained sticky in December and buying interest from foreign institutional investors faded. India's headline inflation acceler
South Korean treasury prices rose across the board on Wednesday, pricing in market expectations that the Bank of Korea would keep interest rates on hold for a second month. The latest set of data added to optimism of a solid recovery in Asia's fourth-larg
South Korean treasury prices rose across the board on Wednesday, pricing in market expectations that the Bank of Korea would keep interest rates on hold for a second month. The latest set of data added to optimism of a solid recovery in Asia's fourth-larg
The head of the European Central Bank rejected Saturday criticisms of the euro by some Germans, telling a mass- circulation newspaper that the euro was a more stable currency than Germany's old Deutschmark. "In the past 12 years, the average rate of price
German Chancellor Angela Merkel said on Saturday any measure to stabilise the euro should come within a complete strategic package, dampening hopes for a quick decision on moves to tackle the eurozone debt crisis. Germany faces mounting pressure from the
The International Monetary Fund revised on Saturday its forecast for Rwanda's economic growth to 6.5 percent in 2010, from a previous 5.4 percent, and said it expected another 6.5 percent expansion this year. "Real GDP growth is projected at 6.5-7.0 perce
BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies.
BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies.
The recapitalisation of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing on Friday about how soon that might happen, with at least one
The recapitalisation of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing on Friday about how soon that might happen, with at least one
Citibank said on Saturday it had begun the process of working towards fair compensation for customers affected by an alleged employee fraud at its branch in Gurgaon, India. The bank said the process of compensation will happen over a period of time and th
The Chinese economy grew around 10.1 percent last year, the deputy head of China's top economic planning agency told Reuters on Saturday, which amounts to the fastest pace of annual growth in three years. Zhang Xiaoqiang, vice chairman of the National Dev
Toyota Motor will consider shifting factories overseas if the yen stays high and puts pressure on its profits, the company president said. "We do not wish to relocate production sites because of currencies and foreign exchange alone," Akio Toyoda said in
US-China relations are at a critical juncture and a summit between their leaders next week must produce "real action, on real issues" such as trade, climate change and North Korean nuclear proliferation, US Secretary of State Hillary Clinton said on Frida
China should promote the internationalisation of the yuan in a process that could take 15 to 20 years, the head of China's social security fund was quoted as saying on Saturday. The official Xinhua news agency quoted Dai Xianglong, chairman of China's Nat
The US central bank wants banks to be careful about raising dividends even as the economy improves, Federal Reserve Governor Daniel Tarullo said on Friday . "We are going to proceed in a conservative fashion," he said in an interview on CNBC television. "
US authorities closed a small Georgia bank on Friday, bringing the total number of failures in 2011 to three. In 2010, 157 banks failed following 140 failures in 2009. The bulk of the more recent failures have been smaller institutions, each with less tha
US securities regulators proposed technical rules on Friday laying out standards for how swap dealers and major traders document their over-the-counter derivatives transactions with their customers. The proposal by the Securities and Exchange Commission i
Turkmenistan and the European Union will explore ways to deliver natural gas from the world's fourth-largest reserves across the Caspian Sea, political leaders said on Saturday, stopping short of inking supply deals.
Bangladesh will import 900,000 tonnes of rice to boost its stocks to 1.2 million tonnes in the fiscal year ending June 2011, Food and Disaster Minister Abdur Razzaque said on Friday. Rice is the main staple of a population of more than 150 million, around
India's annual vegetable oil imports in December fell 4.4 percent on high global prices, a trade body said on Friday, but monthly imports rose as buyers stepped up purchases ahead of Indonesia's export tax hike. Traders had expected an 8.0-percent fall in
The Karachi Port handled 96,529 tonnes of cargo including 73,581 tonnes of import cargo, 22,948 tonnes of export cargo, 3,385 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 73,581 tonnes compris
Corn and soyabean spot basis bids were mostly steady to lower around the US Midwest on Friday, pressured by rising futures and scattered farmer sales of each commodity, grain merchants said. Steady trickle of sales seen around the Corn Belt as farmers con
The Philippines, the world's biggest rice buyer in recent years, did not finalise its 2011 rice import plans at a meeting on Friday, but the head of the state grain agency said purchases are unlikely to exceed 1 million tonnes. Angelito Banayo, administra
South African sugar producers expect to have a better April 2011-March 2012 season due to good rains, after drought weighed on output the previous season, a senior industry official said. Last year's drought in South Africa's rain-dependent sugar-growing
Grams prices fluctuated on the wholesales grain and seed market on Saturday in process of slow trading, dealers said. On the grams side, grams Australian was down by Rs 50 to Rs 5200-5400. Grams dal Australia followed the same path losing same amount to R
Rates came down on the cotton market on Saturday as mills kept on the sidelines to observe latest development after sharp fall in NY cotton futures and imposition of the withholding tax on the agriculture products, dealers said. The Karachi Cotton Associa
Contracts were mixed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The January vaida that had closed higher at Rs 1252.90 opened with a gain of 30 paisa to Rs 1253.20. The March vaida which also ended at Rs 1250
Brazil's main coffee state Minas Gerais has been receiving plentiful rain during the week which growers said was helpful to the developing crop, while showers were regular in the main sugarcane state Sao Paulo. Showers in Minas, which grows half of the co
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
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
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 15, 2011).
The rupee fluctuated slightly in terms of dollar and euro on the currency market on Saturday, dealers said. The rupee gained eight paisa against dollar for buying at 85.48 and rose by six paisa for selling at 85.54, they said.
The rupee fluctuated slightly in terms of dollar and euro on the currency market on Saturday, dealers said. The rupee gained eight paisa against dollar for buying at 85.48 and rose by six paisa for selling at 85.54, they said.
