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Archive - 2011-01-23
Big powers leave Iran nuclear talks empty-handed

Big powers leave Iran nuclear talks empty-handed

World powers failed to make progress with Iran in two days of talks on its nuclear programme, with the EU calling the discussions disappointing and saying no further meetings between the two sides were planned. "This is not the conclusion I'd hoped for,"
Published 23 Jan, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
KESC says miscreants disrupt its services

KESC says miscreants disrupt its services

Karachi Electricity Supply Company (KESC), the privately-owned power utility of the city, in a press release here on Saturday said its functional operations in the city are being severely affected as a result of disruptions caused by 'certain destructive
Published 23 Jan, 2011 12:00am
KESC says miscreants disrupt its services

KESC says miscreants disrupt its services

Karachi Electricity Supply Company (KESC), the privately-owned power utility of the city, in a press release here on Saturday said its functional operations in the city are being severely affected as a result of disruptions caused by 'certain destructive
Published 23 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
KESC says miscreants disrupt its services

KESC says miscreants disrupt its services

Karachi Electricity Supply Company (KESC), the privately-owned power utility of the city, in a press release here on Saturday said its functional operations in the city are being severely affected as a result of disruptions caused by ''certain destructive
Published 23 Jan, 2011 12:00am
MQM submits adjournment motion

MQM submits adjournment motion

Mutahidda Qaumi Movement (MQM) has submitted an adjournment motion in the Upper House against the sacking of over 4,000 workers by Karachi Electric Supply Company (KESC). Senator Colonel Tahir Hussain Mashhadi (Retd) submitted the bill, which has termed t
Published 23 Jan, 2011 12:00am
MQM submits adjournment motion

MQM submits adjournment motion

Mutahidda Qaumi Movement (MQM) has submitted an adjournment motion in the Upper House against the sacking of over 4,000 workers by Karachi Electric Supply Company (KESC). Senator Colonel Tahir Hussain Mashhadi (Retd) submitted the bill, which has termed t
Published 23 Jan, 2011 12:00am
MQM submits adjournment motion

MQM submits adjournment motion

Mutahidda Qaumi Movement (MQM) has submitted an adjournment motion in the Upper House against the sacking of over 4,000 workers by Karachi Electric Supply Company (KESC). Senator Colonel Tahir Hussain Mashhadi (Retd) submitted the bill, which has termed t
Published 23 Jan, 2011 12:00am
ST refund verification system lacks essential tools: AG report

ST refund verification system lacks essential tools: AG report

The sales tax refund verification system of the Federal Board of Revenue (FBR), empowered to verify billions of refunds on daily basis, lacks a number of essential tools necessary for doing the job accurately along with monitoring of post-refund audit and
Published 23 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (January 22, 2011) and for Sunday (January 23, 2011).
Published 23 Jan, 2011 12:00am
ST refund verification system lacks essential tools: AG report

ST refund verification system lacks essential tools: AG report

The sales tax refund verification system of the Federal Board of Revenue (FBR), empowered to verify billions of refunds on daily basis, lacks a number of essential tools necessary for doing the job accurately along with monitoring of post-refund audit and
Published 23 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
ST refund verification system lacks essential tools: AG report

ST refund verification system lacks essential tools: AG report

The sales tax refund verification system of the Federal Board of Revenue (FBR), empowered to verify billions of refunds on daily basis, lacks a number of essential tools necessary for doing the job accurately along with monitoring of post-refund audit and
Published 23 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Delay in input refund payment: EDB for fixing one month's time limit

Delay in input refund payment: EDB for fixing one month's time limit

The Engineering Development Board (EDB) has proposed to the Federal Board of Revenue (FBR) to amend the Sales Tax Rules 2006 to check blockage of sales tax refunds of engineering industry, as hassle and harassment is being caused by the tax department dur
Published 23 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Delay in input refund payment: EDB for fixing one month's time limit

Delay in input refund payment: EDB for fixing one month's time limit

The Engineering Development Board (EDB) has proposed to the Federal Board of Revenue (FBR) to amend the Sales Tax Rules 2006 to check blockage of sales tax refunds of engineering industry, as hassle and harassment is being caused by the tax department dur
Published 23 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (January 22, 2011) and the forecast for Sunday (January 23, 2011).

Published 23 Jan, 2011 12:00am
Delay in input refund payment: EDB for fixing one month''s time limit

Delay in input refund payment: EDB for fixing one month''s time limit

The Engineering Development Board (EDB) has proposed to the Federal Board of Revenue (FBR) to amend the Sales Tax Rules 2006 to check blockage of sales tax refunds of engineering industry, as hassle and harassment is being caused by the tax department dur
Published 23 Jan, 2011 12:00am
Your rupee last half year

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (July 02 to December 31, 2010).

Published 23 Jan, 2011 12:00am
Some elements financing campaign: Hafeez speaks on resistance to RGST

Some elements financing campaign: Hafeez speaks on resistance to RGST

Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has said elements who do not want to see the documentation of economy have financed and supported an anti-Reformed General Sales Tax (RGST) campaign. Addressing the members of Federa
Published 23 Jan, 2011 12:00am
Some elements financing campaign: Hafeez speaks on resistance to RGST

Some elements financing campaign: Hafeez speaks on resistance to RGST

Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has said elements who do not want to see the documentation of economy have financed and supported an anti-Reformed General Sales Tax (RGST) campaign. Addressing the members of Federa
Published 23 Jan, 2011 12:00am
Some elements financing campaign: Hafeez speaks on resistance to RGST

Some elements financing campaign: Hafeez speaks on resistance to RGST

Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has said elements who do not want to see the documentation of economy have financed and supported an anti-Reformed General Sales Tax (RGST) campaign. Addressing the members of Federa
Published 23 Jan, 2011 12:00am
IMF will try to convince political parties on RGST

IMF will try to convince political parties on RGST

As the government has not yet been able to make legislation for imposition of Reformed General Sales Tax, an International Monetary Fund (IMF) team, scheduled to visit Pakistan in the last week of January, will talk to political parties regarding RGST.
Published 23 Jan, 2011 12:00am
IMF will try to convince political parties on RGST

IMF will try to convince political parties on RGST

As the government has not yet been able to make legislation for imposition of Reformed General Sales Tax, an International Monetary Fund (IMF) team, scheduled to visit Pakistan in the last week of January, will talk to political parties regarding RGST.
Published 23 Jan, 2011 12:00am
IMF will try to convince political parties on RGST

IMF will try to convince political parties on RGST

As the government has not yet been able to make legislation for imposition of Reformed General Sales Tax, an International Monetary Fund (IMF) team, scheduled to visit Pakistan in the last week of January, will talk to political parties regarding RGST.
Published 23 Jan, 2011 12:00am
Exports to touch $22 billion mark

Exports to touch $22 billion mark

The country is facing a worsening but manageable economic situation, which requires a new economic strategy to overcome crisis, said Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh. Talking to media persons here at the head offic
Published 23 Jan, 2011 12:00am
Exports to touch $22 billion mark

Exports to touch $22 billion mark

The country is facing a worsening but manageable economic situation, which requires a new economic strategy to overcome crisis, said Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh. Talking to media persons here at the head offic
Published 23 Jan, 2011 12:00am
Exports to touch $22 billion mark

Exports to touch $22 billion mark

The country is facing a worsening but manageable economic situation, which requires a new economic strategy to overcome crisis, said Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh. Talking to media persons here at the head offic
Published 23 Jan, 2011 12:00am
POL prices: Ogra expecting 12 percent increase in February

POL prices: Ogra expecting 12 percent increase in February

Oil and Gas Regulatory Authority (Ogra) is expecting 12 percent increase in prices of petroleum products during month of February 2011 due to hike in global oil prices. If the government fails to adjust the expected hike in domestic oil prices by 12 perce
Published 23 Jan, 2011 12:00am
POL prices: Ogra expecting 12 percent increase in February

POL prices: Ogra expecting 12 percent increase in February

Oil and Gas Regulatory Authority (Ogra) is expecting 12 percent increase in prices of petroleum products during month of February 2011 due to hike in global oil prices. If the government fails to adjust the expected hike in domestic oil prices by 12 perce
Published 23 Jan, 2011 12:00am
POL prices: Ogra expecting 12 percent increase in February

POL prices: Ogra expecting 12 percent increase in February

Oil and Gas Regulatory Authority (Ogra) is expecting 12 percent increase in prices of petroleum products during month of February 2011 due to hike in global oil prices. If the government fails to adjust the expected hike in domestic oil prices by 12 perce
Published 23 Jan, 2011 12:00am
WTO chief urges alternatives to food export curbs

WTO chief urges alternatives to food export curbs

Export restrictions are a prime cause of current and recent surges in global food prices, and countries should find other ways to secure domestic supplies, the head of the World Trade Organisation said on Saturday. WTO Director-General Pascal Lamy said th
Published 23 Jan, 2011 12:00am
WTO chief urges alternatives to food export curbs

WTO chief urges alternatives to food export curbs

Export restrictions are a prime cause of current and recent surges in global food prices, and countries should find other ways to secure domestic supplies, the head of the World Trade Organisation said on Saturday. WTO Director-General Pascal Lamy said th
Published 23 Jan, 2011 12:00am
WTO chief urges alternatives to food export curbs

WTO chief urges alternatives to food export curbs

Export restrictions are a prime cause of current and recent surges in global food prices, and countries should find other ways to secure domestic supplies, the head of the World Trade Organisation said on Saturday. WTO Director-General Pascal Lamy said th
Published 23 Jan, 2011 12:00am
Justice Mushir Alam named as CJ SHC: Justice Osmani nominated SC judge

Justice Mushir Alam named as CJ SHC: Justice Osmani nominated SC judge

The Judicial Commission, the highest forum in the country to make appointments to superior judiciary and which has been functional after the passage of 18th and 19th Amendments, in its meeting on Saturday recommended elevation of Sindh High Court Chief Ju
Published 23 Jan, 2011 12:00am
Justice Mushir Alam named as CJ SHC: Justice Osmani nominated SC judge

Justice Mushir Alam named as CJ SHC: Justice Osmani nominated SC judge

The Judicial Commission, the highest forum in the country to make appointments to superior judiciary and which has been functional after the passage of 18th and 19th Amendments, in its meeting on Saturday recommended elevation of Sindh High Court Chief Ju
Published 23 Jan, 2011 12:00am
Ghee, cooking oil prices up by Rs eight per kg

Ghee, cooking oil prices up by Rs eight per kg

The prices of cooking oil and ghee have shot up by Rs 8 per kg from Rs 179 per kg to 187 per kg in the retail market. Shopkeepers said the price of 5kg tin of cooking oil had been increased to Rs 935 from Rs 905. They said the price of 2.5kilogram tin of
Published 23 Jan, 2011 12:00am
Ghee, cooking oil prices up by Rs eight per kg

Ghee, cooking oil prices up by Rs eight per kg

The prices of cooking oil and ghee have shot up by Rs 8 per kg from Rs 179 per kg to 187 per kg in the retail market. Shopkeepers said the price of 5kg tin of cooking oil had been increased to Rs 935 from Rs 905. They said the price of 2.5kilogram tin of
Published 23 Jan, 2011 12:00am
Ghee, cooking oil prices up by Rs eight per kg

Ghee, cooking oil prices up by Rs eight per kg

The prices of cooking oil and ghee have shot up by Rs 8 per kg from Rs 179 per kg to 187 per kg in the retail market. Shopkeepers said the price of 5kg tin of cooking oil had been increased to Rs 935 from Rs 905. They said the price of 2.5kilogram tin of
Published 23 Jan, 2011 12:00am
Ban on pillion-riding extended for seven more days

Ban on pillion-riding extended for seven more days

Sindh Government has extended by one week the existing ban on pillion riding, while all the permits for carrying fire arms have been suspended till January 25. Sindh Home Department has issued a notification in this regard. The SHOs have also been authori
Published 23 Jan, 2011 12:00am
Ban on pillion-riding extended for seven more days

Ban on pillion-riding extended for seven more days

Sindh Government has extended by one week the existing ban on pillion riding, while all the permits for carrying fire arms have been suspended till January 25. Sindh Home Department has issued a notification in this regard. The SHOs have also been authori
Published 23 Jan, 2011 12:00am
SECP secures concessional tax regime for REIT properties

SECP secures concessional tax regime for REIT properties

The Securities and Exchange Commission of Pakistan (SECP) has successfully secured concessional rates of stamp duty and registration fee for real estate investment trust (REIT) properties in Punjab and Sindh. According to a press release, in Punjab the st
Published 23 Jan, 2011 12:00am
SECP secures concessional tax regime for REIT properties

SECP secures concessional tax regime for REIT properties

The Securities and Exchange Commission of Pakistan (SECP) has successfully secured concessional rates of stamp duty and registration fee for real estate investment trust (REIT) properties in Punjab and Sindh. According to a press release, in Punjab the st
Published 23 Jan, 2011 12:00am
SECP secures concessional tax regime for REIT properties

SECP secures concessional tax regime for REIT properties

The Securities and Exchange Commission of Pakistan (SECP) has successfully secured concessional rates of stamp duty and registration fee for real estate investment trust (REIT) properties in Punjab and Sindh. According to a press release, in Punjab the st
Published 23 Jan, 2011 12:00am
Bomb kills four in Orakzai

Bomb kills four in Orakzai

A government official says a roadside bomb has killed at least four people in Orakzai region. Aurangzab Khan said two people were also wounded when the bomb went off near a vehicle Saturday in the Ibrahim Khel area of the Orakzai tribal region near the Af
Published 23 Jan, 2011 12:00am
Bomb kills four in Orakzai

Bomb kills four in Orakzai

A government official says a roadside bomb has killed at least four people in Orakzai region. Aurangzab Khan said two people were also wounded when the bomb went off near a vehicle Saturday in the Ibrahim Khel area of the Orakzai tribal region near the Af
Published 23 Jan, 2011 12:00am
Most essential items prices depict increase

Most essential items prices depict increase

Prices of some essential household items registered slight increase during the week ending on January 22, 2011 over the past week, according to a survey carried out by Business Recorder. It was noted during survey that the prices of live chicken, l
Published 23 Jan, 2011 12:00am
Most essential items prices depict increase

Most essential items prices depict increase

Prices of some essential household items registered slight increase during the week ending on January 22, 2011 over the past week, according to a survey carried out by Business Recorder. It was noted during survey that the prices of live chicken, l
Published 23 Jan, 2011 12:00am
Most essential items prices depict increase

Most essential items prices depict increase

Prices of some essential household items registered slight increase during the week ending on January 22, 2011 over the past week, according to a survey carried out by Business Recorder. It was noted during survey that the prices of live chicken, l
Published 23 Jan, 2011 12:00am
'Indian, Pakistani businessmen financed 2009 Madagascar coup'

'Indian, Pakistani businessmen financed 2009 Madagascar coup'

A Madagascar army colonel arrested for participating in last November's coup attempt in the country alleged Saturday that local businessmen, but also Indian and Pakistani businessmen, helped to finance the March 2009 coup. Colonel Charles Andriana-soavina
Published 23 Jan, 2011 12:00am
'Indian, Pakistani businessmen financed 2009 Madagascar coup'

'Indian, Pakistani businessmen financed 2009 Madagascar coup'

A Madagascar army colonel arrested for participating in last November's coup attempt in the country alleged Saturday that local businessmen, but also Indian and Pakistani businessmen, helped to finance the March 2009 coup. Colonel Charles Andriana-soavina
Published 23 Jan, 2011 12:00am
''Indian, Pakistani businessmen financed 2009 Madagascar coup''

''Indian, Pakistani businessmen financed 2009 Madagascar coup''

A Madagascar army colonel arrested for participating in last November''s coup attempt in the country alleged Saturday that local businessmen, but also Indian and Pakistani businessmen, helped to finance the March 2009 coup. Colonel Charles Andriana-soavin
Published 23 Jan, 2011 12:00am
Karzai, MPs in talks to stave off parliament chaos

Karzai, MPs in talks to stave off parliament chaos

Defiant Afghan lawmakers met President Hamid Karzai on Saturday for last minute talks to stave off a showdown over when to open parliament that has brought political turmoil and fears of street violence to Kabul. Karzai announced on Wednesday that he woul
Published 23 Jan, 2011 12:00am
Karzai, MPs in talks to stave off parliament chaos

Karzai, MPs in talks to stave off parliament chaos

Defiant Afghan lawmakers met President Hamid Karzai on Saturday for last minute talks to stave off a showdown over when to open parliament that has brought political turmoil and fears of street violence to Kabul. Karzai announced on Wednesday that he woul
Published 23 Jan, 2011 12:00am
Cabinet's size to be slashed: Awan

Cabinet's size to be slashed: Awan

Federal Law Minister Babar Awan has said that the federal government had decided to cut the size of the Cabinet for reducing expenses, a private TV channel reported on Saturday. Talking to the mediamen in Islamabad, Awan said that some ministers would be
Published 23 Jan, 2011 12:00am
Cabinet's size to be slashed: Awan

Cabinet's size to be slashed: Awan

Federal Law Minister Babar Awan has said that the federal government had decided to cut the size of the Cabinet for reducing expenses, a private TV channel reported on Saturday. Talking to the mediamen in Islamabad, Awan said that some ministers would be
Published 23 Jan, 2011 12:00am
Thousands denounce Ukraine president

Thousands denounce Ukraine president

Thousands of supporters of Ukraine's former prime minister Yulia Tymoshenko massed in downtown Kiev Saturday to denounce her arch rival, President Viktor Yanukovych, accusing him of being a Russian stooge. Some 6,000 protesters gathered in St Sophie squar
Published 23 Jan, 2011 12:00am
Thousands denounce Ukraine president

Thousands denounce Ukraine president

Thousands of supporters of Ukraine's former prime minister Yulia Tymoshenko massed in downtown Kiev Saturday to denounce her arch rival, President Viktor Yanukovych, accusing him of being a Russian stooge. Some 6,000 protesters gathered in St Sophie squar
Published 23 Jan, 2011 12:00am
Albanian Prime Minister slams 'Tunisia-style' revolt

Albanian Prime Minister slams 'Tunisia-style' revolt

Albanian Prime Minister Sali Berisha on Saturday slammed the opposition for a "Tunisia-style" revolt and called for counter demonstrations as opposition leaders vowed to continue their protest. Berisha accused the socialist opposition of wanting "a Tunisi
Published 23 Jan, 2011 12:00am
Albanian Prime Minister slams 'Tunisia-style' revolt

Albanian Prime Minister slams 'Tunisia-style' revolt

Albanian Prime Minister Sali Berisha on Saturday slammed the opposition for a "Tunisia-style" revolt and called for counter demonstrations as opposition leaders vowed to continue their protest. Berisha accused the socialist opposition of wanting "a Tunisi
Published 23 Jan, 2011 12:00am
ICBC to buy stake in US retail bank: WSJ

ICBC to buy stake in US retail bank: WSJ

Industrial and Commercial Bank of China has agreed to acquire a majority stake in the Bank of East Asia's US unit, making it the first Chinese lender to buy into a US retail bank, The Wall Street Journal reported on its website on Friday. ICBC and Bank of
Published 23 Jan, 2011 12:00am
ICBC to buy stake in US retail bank: WSJ

ICBC to buy stake in US retail bank: WSJ

Industrial and Commercial Bank of China has agreed to acquire a majority stake in the Bank of East Asia's US unit, making it the first Chinese lender to buy into a US retail bank, The Wall Street Journal reported on its website on Friday. ICBC and Bank of
Published 23 Jan, 2011 12:00am
ICBC to buy stake in US retail bank: WSJ

ICBC to buy stake in US retail bank: WSJ

Industrial and Commercial Bank of China has agreed to acquire a majority stake in the Bank of East Asia''s US unit, making it the first Chinese lender to buy into a US retail bank, The Wall Street Journal reported on its website on Friday. ICBC and Bank o
Published 23 Jan, 2011 12:00am
Shujaat, Mushahid meet Pir Pagara

Shujaat, Mushahid meet Pir Pagara

Leaders of Pakistan Muslim League Quaid-e-Azam (PML-Q), Chaudhry Shujaat Hussain and Mushahid Hussain Saiyed met with PML-Functional Chief, Pir Pagara at Kingri House here on Saturday. Talking to media after the meeting, Pir Pagara said Sindh Home Ministe
Published 23 Jan, 2011 12:00am
Shujaat calls on Sarwat Qadri

Shujaat calls on Sarwat Qadri

President Pakistan Muslim-Quaid-e-Azam (PML-Q) Chaudhry Shujaat Hussain has said that if peaceful environment could not be maintained in the Karachi, there would be no elections and no politics. This he said, while talking to media after meeting Chief of
Published 23 Jan, 2011 12:00am
National Assembly Standing Committee reviews PSM affairs

National Assembly Standing Committee reviews PSM affairs

Federal Minister for Industries and Production Mir Hazar Khan Bijarani on Saturday expressed satisfaction that Pakistan Steel Mills (PSM) will soon be turned into a profitable organisation once again. He appreciated the PSMs' present management policies a
Published 23 Jan, 2011 12:00am
PTI slams attack on Imran Khan's tubewell

PTI slams attack on Imran Khan's tubewell

Pakistan Tehrik-e-Insaf (PTI) on Saturday took strong exception to the attack on tubewell located in the land owned by party's chief Imran Khan at Bani Gala. The PTI sources said that some unknown persons last midnight attacked the tubewell situated near
Published 23 Jan, 2011 12:00am
Gang of impostors arrested

Gang of impostors arrested

Abpara Police on Saturday arrested gang of three impostors involved in deceiving unemployed people by issuing them fake appointment letters for jobs.
Published 23 Jan, 2011 12:00am
Autonomy given to Gilgit Baltistan for welfare of people: Gilani

Autonomy given to Gilgit Baltistan for welfare of people: Gilani

Prime Minister Syed Yousuf Raza Gilani on Saturday said that the sole objective of according autonomy to the Gilgit Baltistan region was for good governance and welfare of the people. He stressed the need for timely implementation of his public announceme
Published 23 Jan, 2011 12:00am
Saudi Medal of Excellence conferred on General Wynne

Saudi Medal of Excellence conferred on General Wynne

Chairman Joint Chiefs of Staff Committee (CJCSC), General Khalid Shameem Wynne, who is an official visit to Kingdom of Saudi Arabia, was awarded King Abdul Aziz Medal of Excellence, says an ISPR press release. The award was conferred on the CJCSC by Princ
Published 23 Jan, 2011 12:00am
Zaqsoft clarification

Zaqsoft clarification

Apropos a news report 'Zaqsoft caused Rs 768 million loss to PSO: National Assembly body contemplating sending case to NAB' carried by Business Recorder on January 20, Zaqsoft has clarified that the news report about Zaqsoft Private Limited (Zaqsof
Published 23 Jan, 2011 12:00am
Government urged to provide protection to doctors

Government urged to provide protection to doctors

Liaquat National Hospital observed a token protest on Saturday against killings of over 70 doctors during past years across the country. Dr Salman Faridi, Medical Director Liaquat National Hospital strongly condemned the assassination of Dr Imran Wasih Ha
Published 23 Jan, 2011 12:00am
Punjab to utilise jute bags for wheat storage

Punjab to utilise jute bags for wheat storage

The Punjab Food Department has jute bags for 1.342 million tons of wheat while polypropylene bags for 300,000 tons of wheat. "The department purchases gunny bags every year before wheat procurement season and these bags are purchased in accordance with th
Published 23 Jan, 2011 12:00am
Chinese company working of solar energy water pump demonstrated

Chinese company working of solar energy water pump demonstrated

A delegation of Chinese company demonstrated the working of solar energy water pump and drip irrigation system at Mann, a village near Kasur, here on Saturday. On the occasion, Zarai Taraqiati Bank Limited (ZTBL) President Chauhdary Muhammad Zaka Ashraf w
Published 23 Jan, 2011 12:00am
Azeem Shamali made HIC for Kuwait

Azeem Shamali made HIC for Kuwait

To complement investment promotion efforts, appointment of Dr Abul Azeem Al Shamali has been made as Honorary Investment Counsellor (HIC) because of his track record of being a successful professional and will for selfless service to Pakistan, said Minist
Published 23 Jan, 2011 12:00am
Students from various Afghan universities visit UET

Students from various Afghan universities visit UET

A 25-member delegation from different universities of Afghanistan along with Higher Education Commission (HEC) representatives visited UET Lahore on Saturday. The main purpose of the visit to UET, Lahore was to map out the possible co-operation in the fie
Published 23 Jan, 2011 12:00am
Power supply during summer: no relief in sight

Power supply during summer: no relief in sight

Director General Pakistan Electric Power Company (Pepco), Muhammad Khalid fears a catch-22 like situation in upcoming summer season, apprehending a continuity of loadshedding with marginal reduction in the gap between demand and supply, amidst addition to
Published 23 Jan, 2011 12:00am
Aashiana Housing Project: Punjab chief minister reviews pace of work

Aashiana Housing Project: Punjab chief minister reviews pace of work

Punjab Chief Minister, Muhammad Shahbaz Sharif presided over a meeting to review the pace of work on Aashiana Housing Project, here on Saturday. Addressing the meeting, the chief minister said that Aashiana Housing Project is a revolutionary project of Pu
Published 23 Jan, 2011 12:00am
Punjab, Sindh Governors meet

Punjab, Sindh Governors meet

The visiting Governor of the Punjab, Sardar Lateef Khosa, met with the Sindh Governor, Dr Ishratul Ebad Khan. The meeting was held at the Governor House here on Saturday, says an official statement. It said that the prevailing situation in the country was
Published 23 Jan, 2011 12:00am
Grand Jamaat-i-Islami sit-in in Peshawar today

Grand Jamaat-i-Islami sit-in in Peshawar today

The Jamaat-i-Islami (JI) is staging a grand sit-in in Peshawar on Sunday (today) to register its protest against the increasing drone attacks, military operation in tribal areas, countrywide lawlessness, price hike, gross injustice being meted out to floo
Published 23 Jan, 2011 12:00am
Situation deteriorating: PTI

Situation deteriorating: PTI

Pakistan Tehreek-e-Insaf (PTI) has said the situation is deteriorating in the country with every passing day while all political parties are busy in making alliances, said Dr Shahid Siddique, Secretary Information of PTI Punjab in a statement issued here
Published 23 Jan, 2011 12:00am
Two nabbed for issuing fake appointment letters

Two nabbed for issuing fake appointment letters

Aabpara police Islamabad has arrested two persons for issuing fake appointment letter of Assistant Superintendent of Police (ASP), looting millions of rupees from the poor and also recovered three mobiles, two laptops, stamps, mobile jammers and Rs 1,573,
Published 23 Jan, 2011 12:00am
Steps being taken to achieve quality education goal: Shahbaz

Steps being taken to achieve quality education goal: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Daanish Schools will not only provide quality education to the poorest students of backward areas but will also enhance their respect. He said that due to establishment of these schools, such qua
Published 23 Jan, 2011 12:00am
JC recommends expulsion of 10 additional judges

JC recommends expulsion of 10 additional judges

Judicial Commission (JC) headed by Chief Justice Pakistan Iftikhar Muhammad Chaudhry has recommended expulsion of 10 out of 34 additional judges of Lahore High Court (LHC).
Published 23 Jan, 2011 12:00am
Supreme Court's five benches for next week

Supreme Court's five benches for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted five benches including two four-member benches at the Principal seat to hear a number of important cases in the next week starting from January 24.
Published 23 Jan, 2011 12:00am
Dual US standards on nuclear proliferation criticised

Dual US standards on nuclear proliferation criticised

Former caretaker foreign minister Inamul Haq has termed Fissile Material Cut-off Treaty (FMCT) as an attempt to cap Pakistan's nuclear capabilities but UN permanent five members are legitimately possessing nuclear weapons in the presence of Non Proliferat
Published 23 Jan, 2011 12:00am
Man kills two daughters, injure wife, other daughter

Man kills two daughters, injure wife, other daughter

A man killed his two younger daughters and injured his wife and another daughter by opening fire in the limits of Sachal police station here on Saturday. SHO Sachal Goth police station Izhar Hussain said that Zameer Bhutto opened indiscriminate fire on hi
Published 23 Jan, 2011 12:00am
'Effective security measures to be made on Chehlum'

'Effective security measures to be made on Chehlum'

Balochistan Police Chief Malik Muhammad Iqbal has directed for ensuring effective security measures on eve of Chehlum of Martyrs of Karbala. He was addressing Command Conference held at Central Police Office to review law and order situation Saturday.
Published 23 Jan, 2011 12:00am
People of Lyari hold protest demonstration against Nabeel Gabol

People of Lyari hold protest demonstration against Nabeel Gabol

Chanting the slogan, 'throw Nabeel Gabol out of Lyari,' at the tune of traditional 'Lawa' drumbeat and carrying an effigy of the once exalted Gabol festooned with shoes around the neck, -hundreds of angry protestors marched up to Karachi Press Club from L
Published 23 Jan, 2011 12:00am
PML, JUI MPAs clash during Balochistan Assembly session

PML, JUI MPAs clash during Balochistan Assembly session

Provincial ministers of Jamiat Ulema-e-Islam Fazl-ur-Rehman (JUI-F) and Pakistan Muslim League Quaid-e-Azam (PML-Q) MPA clashed in Balochistan Assembly Saturday, reminding of a similar incident recently in Punjab Assembly. PML-Q MPA, Shaikh Jaffar Khan Ma
Published 23 Jan, 2011 12:00am
Three charred bodies found

Three charred bodies found

Three young men were burnt after being killed in Sajjan Goth, Baldia Town in the limits of Saeedabad police station, police said. SHO Saeedabad police station, Inspector Jan Muhammad said that three young men namely Muhammad Ali, Abdul Majeed and an unide
Published 23 Jan, 2011 12:00am
Issuance of challan: SAI chief expresses resentment

Issuance of challan: SAI chief expresses resentment

Chairman, Site Association of Industry (SAI), Abdul Wahab Lakhani has shown strong resentment on issuance of challan to the industries of Site by town municipal administration on the pretext of failure to remove garbage.
Published 23 Jan, 2011 12:00am
Ufone offers special package

Ufone offers special package

In order to provide the best and the most competitive package to the residents of Karachi, Ufone recently announced a special package "Karachi Offer" whereby citizens of the city will enjoy free calls after 2 minutes and amazingly the rate of the first tw
Published 23 Jan, 2011 12:00am
Gas pipeline blown up in Loti

Gas pipeline blown up in Loti

Unknown men blew up a gas pipeline in Loti gas-field of Dera Bugti on Saturday. Miscreants blew up eight-inch gas pipeline supply gas from well no. 12 in Loti gas-field. Due to the explosion, the pipeline was damaged and supply of gas from the well was su
Published 23 Jan, 2011 12:00am
PBIT implements REIT tax policy reform

PBIT implements REIT tax policy reform

Punjab Board of Investment and Trade (PBIT) has implemented Real Estate Investment Trust (REITs) tax policy reform via government of Punjab. "REITs are mutual funds that use pooled capital of a large number of investors to purchase develop and manage real
Published 23 Jan, 2011 12:00am
Urs of Data Gunj Bakhsh begins

Urs of Data Gunj Bakhsh begins

The three-day celebrations of 967th urs of Hazrat Ali Bin Usman popularly known as Data Gunj Bakhsh will begin with traditional zeal from Sunday (today) with 'chaddar' laying ceremony at the shrine after Zohr prayers. Auqaf Department has made foolproof s
Published 23 Jan, 2011 12:00am
Environmental campaign kicked off in Peshawar

Environmental campaign kicked off in Peshawar

Civil society organisations here Saturday launched "Clean & Green Peshawar Campaign", for the revival of identity of the city of flowers Peshawar, and creation of individual, collective and institutional level awareness regarding cleanliness amongst peopl
Published 23 Jan, 2011 12:00am
PMDC to approve establishment of four medical colleges

PMDC to approve establishment of four medical colleges

Parliamentary Secretary Health, Dr Saeed Elahi has said all conditions have been fulfilled in order to get approval from the Pakistan Medical & Dental Council (PMDC) for the establishment of four new medical colleges in the province. The prescribed fee fo
Published 23 Jan, 2011 12:00am
SPEL declared fastest growing, dynamic company

SPEL declared fastest growing, dynamic company

Synthetic Products Enterprises Limited (SPEL) has been declared one of the fastest growing, most dynamic companies in Pakistan. The competition is held on yearly basis to find the fastest growing, most dynamic entrepreneurs of Asia and builder's of the co
Published 23 Jan, 2011 12:00am
ACCA organises Talent Gymnasium event

ACCA organises Talent Gymnasium event

ACCA Pakistan organised Talent Gymnasium, an exciting event that served as a unique platform for dual objectives of honing professional skills of finance and accounting trainees and bringing together ACCA's key employers and talented trainees here on Satu
Published 23 Jan, 2011 12:00am
50 years with Shell: Akber Aziz conferred 'long service award'

50 years with Shell: Akber Aziz conferred 'long service award'

Akber Aziz, a senior oil executive of Islamabad has created world record of 50 years long and continuous association with Shell. Aziz joined Shell as District Sales Representative in 1958 and retired recently as director of board of the company after comp
Published 23 Jan, 2011 12:00am
Controlled areas of LDA: Commercial activities allowed on 37 roads

Controlled areas of LDA: Commercial activities allowed on 37 roads

The District Planning and Design Committee has allowed commercial activities on 37 roads/segments of roads, situated in the controlled areas of Lahore Development Authority (LDA), besides notifying another 24 roads where future commercialisation has not b
Published 23 Jan, 2011 12:00am
47 booked in Landi Kotal

47 booked in Landi Kotal

As many as 47 suspected persons were booked during joint search operation conducted by security forces and political administration in the wee hours on Saturday. The security forces along with Khasadar force and political administration conducted search o
Published 23 Jan, 2011 12:00am
Solidarity Day to be celebrated in befitting manner

Solidarity Day to be celebrated in befitting manner

Federal Minister for Kashmir Affairs and Gilgit-Baltistan, Mian Manzoor Ahmad Wattoo has said the nation will celebrate Kashmir Solidarity Day on February 5 in a befitting manner to acknowledge sacrifices of Kashmir people for freedom. The minister said o
Published 23 Jan, 2011 12:00am
'Energetic' proposal

'Energetic' proposal

Former federal petroleum minister Usman Aminunddin, while speaking at a seminar in Islamabad on Pakistan's Energy Sector, has proposed the carving of a federal energy ministry through the merger of the ministries of petroleum and water and power as well a
Published 23 Jan, 2011 12:00am
Khosa's invitation to Shahbaz

Khosa's invitation to Shahbaz

The invitation to dinner by the newly-appointed Punjab governor Sardar Latif Khosa to the Punjab chief minister Shahbaz Sharif and his cabinet, as part of the policy of reconciliation that the PPP has vowed to pursue in the future, will augur well for the
Published 23 Jan, 2011 12:00am
Coal handling and its impact on environment

Coal handling and its impact on environment

I had written about the need for Pakistan to have proper and co-ordinated Port Master Plan (PMP) sometime in November 2009 to generate the maximum benefits for the nation. Any PMP should also create the maximum efficiency for handling and movement of carg
Published 23 Jan, 2011 12:00am
Diabolic Deja Vu: is it food crisis all over again?

Diabolic Deja Vu: is it food crisis all over again?

The dramatic scenes have almost been forgotten: It has been barely three years since looting in Haiti, deadly fights over bread in Egypt, and protests from Vietnam to Bolivia dominated the headlines world-wide. Sky-high food prices in 2008 had suddenly tu
Published 23 Jan, 2011 12:00am
ETA seeks a political price for peace

ETA seeks a political price for peace

The armed Basque separatist group ETA, which has cast a shadow over Spain with its shootings and car bombings for over four decades, is fading away. That, at least, is the assessment of a growing number of Spanish officials and analysts who describe Weste
Published 23 Jan, 2011 12:00am
Abbasi committee report on Water

Abbasi committee report on Water

During tenure of General Pervez Musharraf (Retd), a high-level technical committee on water, headed by a well-known irrigation expert A N G Abbasi with status of federal minister, was formed. Nevertheless, all the members of the committee were deliberatel
Published 23 Jan, 2011 12:00am
Lack of clarity from Manila hurts Asian rice prices

Lack of clarity from Manila hurts Asian rice prices

Uncertainty over the level of demand from the Philippines pushed some Asian rice prices down this week, especially with supply and stocks high because of harvests in top exporters Thailand and Vietnam. Prices in Vietnam, the world's second biggest rice ex
Published 23 Jan, 2011 12:00am
Asian coffee: Indonesia reluctant, roasters chase Vietnam

Asian coffee: Indonesia reluctant, roasters chase Vietnam

Cheap Vietnamese robusta has attracted buying interest from roasters, but exporters in Indonesia were reluctant to offer beans because of uncertainty in the next harvest, dealers said on Wednesday. Harvests in Indonesia's main growing island of Sumatra us
Published 23 Jan, 2011 12:00am
Rains revitalise Argentine soya

Rains revitalise Argentine soya

Recent rains in Argentina gave respite to thirsty soy crops in top farming region Buenos Aires, but beans in Cordoba province still desperately need heavy rainfall, the government said on Friday. Argentina is the world's No 3 exporter of soybeans and the
Published 23 Jan, 2011 12:00am
Oil, gold prices drop amid China rate-hike fears

Oil, gold prices drop amid China rate-hike fears

Oil and gold prices slid this week, in part due to worries that China could soon raise interest rates to tame its high inflation - fears that also weighed on copper after it struck a record high.
Published 23 Jan, 2011 12:00am
Indonesia to road test green palm oil standards

Indonesia to road test green palm oil standards

Indonesia will trial voluntary green standards for palm oil producers in February, before rolling out a mandatory scheme in 2012, an agriculture ministry official said on Friday. Amid pressure from green groups to halt deforestation that speeds up global
Published 23 Jan, 2011 12:00am
EU wheat prices mostly up

EU wheat prices mostly up

Wheat prices in western European markets were mostly higher on Friday, buoyed by an export-driven surge in US futures, although the strength of the euro against the dollar helped to cap gains. Dealers said milling wheat futures in Paris were also running
Published 23 Jan, 2011 12:00am
Vietnam coffee output up six percent in main area

Vietnam coffee output up six percent in main area

Vietnam's 2010/2011 coffee crop harvest produced 403,600 tonnes in the country's largest growing province of Daklak, up around 6 percent from a year earlier, a state-run newspaper reported on Friday. The output, following an International Coffee Organisat
Published 23 Jan, 2011 12:00am
US soya end lower

US soya end lower

Chicago Board of Trade soyabean futures closed mostly lower on Friday, with front-month March through August 2011 posting declines and far-deferred months slightly higher. Traders noted active rolling into the deferred contracts - selling nearby months an
Published 23 Jan, 2011 12:00am
US gold notches third weekly loss

US gold notches third weekly loss

Gold prices fell for a second day on Friday as a stronger appetite for riskier assets such as equities and an improving economic outlook diminished safe-haven buying, more than offsetting a weaker dollar. Bullion notched a third consecutive weekly loss, i
Published 23 Jan, 2011 12:00am
Copper bounces

Copper bounces

Copper bounced nearly one percent on Friday, snapping a two-day slide that dragged prices to their lowest level in a month, as the dollar weakened and on worries about more monetary tightening in top-consumer China abated.
Published 23 Jan, 2011 12:00am
Thousands demand German agriculture reform

Thousands demand German agriculture reform

Thousand of Germans have demonstrated against their nation's farming policies after traces of cancer-causing chemicals were found in eggs, poultry and pork. More than 15,000 people marched behind bright green tractors through the German capital on Saturda
Published 23 Jan, 2011 12:00am
Malaysian navy foils hijack attempt off Oman

Malaysian navy foils hijack attempt off Oman

Malaysian navy commandos foiled an attempted hijacking of a Malaysian-owned ship by Somali pirates in the Gulf of Aden, rescuing 23 crew members and detaining seven pirates, military officials said.
Published 23 Jan, 2011 12:00am
Tajikistan jails eight from outlawed militant group

Tajikistan jails eight from outlawed militant group

Tajikistan has sentenced eight members of radical militant group Hizb ut-Tahrir to between six and 18 years in prison, accusing them of "anti-state activities," a court official said on Saturday. "Among the accused are both rank-and-file members as well a
Published 23 Jan, 2011 12:00am
10 billionth download for Apple's App Store

10 billionth download for Apple's App Store

Apple's App Store hit 10 billion downloads on Saturday, the California gadget-maker announced. "Thank you. Ten billion times. The App Store has reached 10 billion downloads. Thanks for getting us there," Apple said in a message on its website. The App Sto
Published 23 Jan, 2011 12:00am
Cuba halts all mail deliveries to US

Cuba halts all mail deliveries to US

Cuba halted all mail deliveries to the United States on Friday over a dispute about US security procedures, and after they said that US-bound mail had been returned to the island. State postal service Correos de Cuba announced that a freeze on all corresp
Published 23 Jan, 2011 12:00am
West African central bank governor sacked over Ivory Coast

West African central bank governor sacked over Ivory Coast

The governor of the West African regional central bank has been sacked, according to a declaration from the regional heads of state following a summit to discuss the crisis in Ivory Coast. "The conference has taken the decision to fire central bank govern
Published 23 Jan, 2011 12:00am
Iran bars Tehran mayor from US transport ceremony

Iran bars Tehran mayor from US transport ceremony

Iran has barred the mayor of Tehran from travelling to the United States for a ceremony honouring his city's advances in public transport, media reported on Saturday. Mohammad-Baqer Qalibaf, a losing candidate in the 2005 presidential election that brough
Published 23 Jan, 2011 12:00am
Nepal's Maoists hand over control of ex-rebel army

Nepal's Maoists hand over control of ex-rebel army

Nepal's Maoists formally relinquished control of their People's Liberation Army on Saturday, more than four years after ending a bloody insurgency. The leader of the former guerrillas, now the main opposition party, handed control of 19,000 soldiers confi
Published 23 Jan, 2011 12:00am
Israeli artillery kills Palestinian in Gaza

Israeli artillery kills Palestinian in Gaza

Israeli artillery fire killed a Palestinian and wounded two on Saturday in the Gaza Strip, Palestinian emergency services said in statements denied by the army. All three, aged in their twenties, were taken to Shifa hospital in Gaza. Their identities were
Published 23 Jan, 2011 12:00am
Protesters pile pressure on Tunisian government

Protesters pile pressure on Tunisian government

Protesters in Tunisia, emboldened by their overthrow of the president a week ago, took to the streets on Saturday to try and force out his lieutenants, whom they accuse of clinging to power in the face of popular anger. Not satisfied with his pledge to qu
Published 23 Jan, 2011 12:00am
US doubts Tunisia 'snowball effect' on Arab neighbours

US doubts Tunisia 'snowball effect' on Arab neighbours

The United States voiced doubt Friday that the popular revolt that toppled Tunisian President Zine El Abidine Ben Ali would spread to other Arab countries, even though they share similar problems. "I'm not sure that I would say that necessarily there will
Published 23 Jan, 2011 12:00am
Blast rips through Russian shopping centre, two dead

Blast rips through Russian shopping centre, two dead

A blast ripped through a five-storey shopping centre in the south-western Russian city of Ufa on Saturday, starting a fire that killed two people and injured five. Shoppers were evacuated and fire-fighting teams tackled the blaze at the huge complex, whic
Published 23 Jan, 2011 12:00am
Poland wins $30 billion in IMF funds

Poland wins $30 billion in IMF funds

The International Monetary Fund on Friday approved a new $30 billion credit line for Poland amid worries that financial turbulence in other parts of Europe might spread. It is Poland's third IMF Flexible Credit Line (FCL) since 2009 and by far the largest
Published 23 Jan, 2011 12:00am
Cowen resigns as party leader, remains Irish Prime Minister

Cowen resigns as party leader, remains Irish Prime Minister

Ireland's Prime Minister Brian Cowen bowed to pressure from members of Fianna Fail on Saturday and resigned as the party's leader, but said he would continue to serve as premier until a March 11 election. Cowen's decision to split the role of party leader
Published 23 Jan, 2011 12:00am
Thousands send off decommissioned UK warship

Thousands send off decommissioned UK warship

Thousands turned out Saturday to bid farewell to the crew of the HMS Ark Royal, the British navy's flagship aircraft carrier that is being decommissioned amid tough austerity measures. Crowds lined the streets as a Royal Marines band led about 250 sailors
Published 23 Jan, 2011 12:00am
Five killed in Afghanistan attacks

Five killed in Afghanistan attacks

Five people, including two children, died in three separate attacks in Afghanistan on Saturday, officials said. The two children were killed when a rocket hit their home in the southern province of Ghazni, the interior ministry said in a statement. Six fa
Published 23 Jan, 2011 12:00am
Australia beat holders Iraq to make semi-finals

Australia beat holders Iraq to make semi-finals

A 117th-minute strike from Harry Kewell powered Australia to a 1-0 quarter-final victory over holders Iraq at the Asian Cup on Saturday and into a showdown with Uzbekistan for a place in the final. The Galatasaray forward met a pinpoint cross from Matt Mc
Published 23 Jan, 2011 12:00am
South Africa win rain-ruined fourth ODI

South Africa win rain-ruined fourth ODI

South Africa levelled the one-day series at 2-2 by beating India by 48 runs on the Duckworth-Lewis method after bad weather ruined the fourth match on Friday. India, chasing 266 for victory, were 142 for six when rain ended play in the 33rd over. The fift
Published 23 Jan, 2011 12:00am
Pakistan's oldest Test cricketer dies

Pakistan's oldest Test cricketer dies

Mohammad Aslam Khokar, Pakistan's oldest surviving Test cricketer, died in a Lahore hospital after a prolonged illness, family sources said Saturday. Khokar, who played just one Test for Pakistan on their first-ever tour to England in 1954, turned 91 on J
Published 23 Jan, 2011 12:00am
Tour de Pakistan Cycling from March 8

Tour de Pakistan Cycling from March 8

The Tour de Pakistan Cycling-the longest cycling race in Asia will commence on March 8, 2011 from Karachi. Cyclists from Afghanistan, Sri Lanka, Bangladesh, Iran, South Africa, Doha, Dubai, Saudi Arabia and host Pakistan will participate in the 1620 kilom
Published 23 Jan, 2011 12:00am
Fans step up protests against Mortaza omission

Fans step up protests against Mortaza omission

Disgruntled fans in the home town of Bangladesh pace bowler Mashrafe Mortaza blockaded streets on Saturday in a fresh protest at the omission of the former captain from the country's 15-man World Cup squad. The blockade followed a half-day general strike
Published 23 Jan, 2011 12:00am
New Zealand thrash Pakistan, end 11-match losing streak

New Zealand thrash Pakistan, end 11-match losing streak

A five-wicket haul for Tim Southee and a blistering 55 by Jesse Ryder saw New Zealand shatter an 11-match losing streak in style with a nine-wicket win over Pakistan in their one-day match Saturday. New Zealand were so dominant in the opening ODI of the s
Published 23 Jan, 2011 12:00am
Nadal bombs past Tomic on Slam quest

Nadal bombs past Tomic on Slam quest

World number one Rafael Nadal survived a brief scare against local teenager Bernard Tomic to reach the Australian Open last 16 Saturday, as women's favourite Kim Clijsters also battled through. Nadal, gunning to unite the four Grand Slam titles for the fi
Published 23 Jan, 2011 12:00am
Singolane win PFF-KESC Lyari Football semis

Singolane win PFF-KESC Lyari Football semis

Singolane kept their early goal live for 63 minutes to overcome Bihar 1-0 in the first semi-final of PFF-KESC Lyari Football League 2011 on Saturday. According to a message received here, Striker Idrees Rehman netted important goal for Singolane in the se
Published 23 Jan, 2011 12:00am
Berbatov hat-trick keeps unbeaten United top

Berbatov hat-trick keeps unbeaten United top

Dimitar Berbatov scored his third hat-trick of the season for leaders Manchester United who maintained their unbeaten Premier League record with a 5-0 drubbing of Birmingham City on Saturday. Arsenal moved into second place, above Manchester City who face
Published 23 Jan, 2011 12:00am
Haiti's Duvalier apologises for past, urges unity

Haiti's Duvalier apologises for past, urges unity

Ousted Haitian dictator Jean-Claude Duvalier has apologised to the victims of his 15-year regime and said he had ended two decades in exile to work for national reconciliation. "I have come back as a sign of my solidarity during this extremely difficult p
Published 23 Jan, 2011 12:00am
Saudi king arrives in Morocco after surgery in US

Saudi king arrives in Morocco after surgery in US

Saudi Arabia's elderly King Abdullah arrived in Morocco on Saturday to convalesce after spending almost two months in New York for medical treatment, Saudi state media said. The official Saudi Press Agency (SPA) said Abdullah, aged about 87, arrived in Ca
Published 23 Jan, 2011 12:00am
South Africa flood death toll rises to 70

South Africa flood death toll rises to 70

The death toll from torrential rain in South Africa has risen to 70, with another 8,000 people displaced, an official said Saturday, as the government stepped up its emergency efforts. "The number of fatalities currently recorded nationally have sadly inc
Published 23 Jan, 2011 12:00am
Sudanese man sets himself ablaze

Sudanese man sets himself ablaze

A 25-year-old Sudanese man was being treated in hospital for second-degree burns, medics said on Saturday, in the latest instance of self-immolation in the Arab world. Al-Amin Musa Al-Amin, a labourer from Darfur, poured petrol over himself shortly after
Published 23 Jan, 2011 12:00am
Former US policeman gets prison for lying about torture

Former US policeman gets prison for lying about torture

A former senior Chicago police commander was sentenced to 4.5 years prison for lying about police torture and abuse, the US Justice Department said Friday. Former Chicago Police Department Commander Jon Burge, 63, had long been accused of torturing murder
Published 23 Jan, 2011 12:00am
Singapore's Lee wants family home demolished after his death

Singapore's Lee wants family home demolished after his death

Singapore's founder Lee Kuan Yew said he wanted his family home demolished after his death instead of having it turned into a national shrine. "I've told the cabinet, when I'm dead, demolish it," the 87-year-old Lee said in an interview published Saturday
Published 23 Jan, 2011 12:00am
Russian spy Chapman makes debut as TV presenter

Russian spy Chapman makes debut as TV presenter

Red-headed Russian spy Anna Chapman has made her debut as a television presenter, hosting a programme about unsolved mysteries in her latest career twist. Her weekly show, titled "Secrets of the World with Anna Chapman," aims to unravel unexplained myster
Published 23 Jan, 2011 12:00am
Euro hits two-month high versus dollar

Euro hits two-month high versus dollar

The euro hit a two-month high above $1.36 on Friday and its break of important technical levels suggested more gains to come now that anxiety about a euro zone debt crisis has started to wane. The euro has outperformed the dollar in eight of the last 10 s
Published 23 Jan, 2011 12:00am
Canadian dollar strengthens

Canadian dollar strengthens

The Canadian dollar strengthened against the greenback on Friday as unexpectedly strong Canadian retail sales data increased optimism about the outlook for economic growth. The report, along with other recent data, stood in contrast to signals from the Ba
Published 23 Jan, 2011 12:00am
Key Euribor rate posts biggest daily rise in three months

Key Euribor rate posts biggest daily rise in three months

Key euro-priced bank-to-bank lending rates on Friday posted the strongest one-day rise since October, as unease about Spain's banking sector filtered through markets still digesting last week's inflation warning from the ECB. The European Central Bank kep
Published 23 Jan, 2011 12:00am
Speculators turn long euro, double dollar shorts

Speculators turn long euro, double dollar shorts

Currency speculators turned long on the euro for the first time in two months in the latest week while they doubled bets against the US dollar, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short positi
Published 23 Jan, 2011 12:00am
General Electric lifts Dow, S&P 500 but S&P's seven-week streak ends

General Electric lifts Dow, S&P 500 but S&P's seven-week streak ends

The Dow and S&P 500 rose on Friday as General Electric Co's earnings put a positive tone on the economic recovery, snapping a two-day losing skid for the benchmark index. The Nasdaq was pulled lower by Google, ending a week marked by investors pulling bac
Published 23 Jan, 2011 12:00am
Emerging Markets: Latam stocks decline

Emerging Markets: Latam stocks decline

Latin American equities closed at a three-week low on Friday as investors fretted about Brazilian monetary tightening and that higher Chinese interest rates would slow the region's exports to China. The MSCI Latin American stocks index dipped 0.13 percent
Published 23 Jan, 2011 12:00am
South African bonds dip, stocks bounce back

South African bonds dip, stocks bounce back

South African government bonds fell sharply on Friday, driving yields to their highest level in 7 months after central bank comments on rising inflation pressures dented prospects of interest rates cuts. The bond sell-off, a day after the Reserve Bank lef
Published 23 Jan, 2011 12:00am
South African bonds dip, stocks bounce back

South African bonds dip, stocks bounce back

South African government bonds fell sharply on Friday, driving yields to their highest level in 7 months after central bank comments on rising inflation pressures dented prospects of interest rates cuts. The bond sell-off, a day after the Reserve Bank lef
Published 23 Jan, 2011 12:00am
US Treasury Outlook: set-up for next week's auctions may dominate

US Treasury Outlook: set-up for next week's auctions may dominate

US government securities traders have little to do on Friday but set up for next week's Treasury note auctions, which could result in some flattening of the yield curve. If traders sell the short and medium part of the curve to make way for next week's Tr
Published 23 Jan, 2011 12:00am
US Treasury Outlook: set-up for next week's auctions may dominate

US Treasury Outlook: set-up for next week's auctions may dominate

US government securities traders have little to do on Friday but set up for next week's Treasury note auctions, which could result in some flattening of the yield curve. If traders sell the short and medium part of the curve to make way for next week's Tr
Published 23 Jan, 2011 12:00am
Turkish yield jumps on ratio confusion; stocks up

Turkish yield jumps on ratio confusion; stocks up

Turkey's benchmark bond yield struck a six-week high on Friday amid market confusion over the scale and timing of further rises in required reserve ratios, which the central bank said it would make to offset a rate cut. The bank on Thursday surprised mark
Published 23 Jan, 2011 12:00am
Turkish yield jumps on ratio confusion; stocks up

Turkish yield jumps on ratio confusion; stocks up

Turkey's benchmark bond yield struck a six-week high on Friday amid market confusion over the scale and timing of further rises in required reserve ratios, which the central bank said it would make to offset a rate cut. The bank on Thursday surprised mark
Published 23 Jan, 2011 12:00am
Treasuries higher

Treasuries higher

US Treasury prices climbed on Friday as bargain-hunting overshadowed supply worries after Thursday's sell-off on a disappointing bond auction and stronger-than-expected economic data. Lingering nervousness over Europe's fiscal problems and the turmoil in
Published 23 Jan, 2011 12:00am
Treasuries higher

Treasuries higher

US Treasury prices climbed on Friday as bargain-hunting overshadowed supply worries after Thursday's sell-off on a disappointing bond auction and stronger-than-expected economic data. Lingering nervousness over Europe's fiscal problems and the turmoil in
Published 23 Jan, 2011 12:00am
Sri Lankan bourse at new record high

Sri Lankan bourse at new record high

Sri Lanka's bourse hit a record high on Friday on hopes of better earning in the December quarter and a further cut in lending rates, while the rupee edged down on importer dollar demand. The island's main share index rose 1.15, hitting a record intraday
Published 23 Jan, 2011 12:00am
Joint bonds could help solve euro debt crisis: Greek Prime Minister

Joint bonds could help solve euro debt crisis: Greek Prime Minister

Joint eurozone bonds could help the bloc overcome its debt crisis, Greek Prime Minister George Papandreou said on Friday. Greece, which clinched 110 billion euros ($148.9 billion) in emergency EU/IMF funding in May last year to avoid default, embraced the
Published 23 Jan, 2011 12:00am
Joint bonds could help solve euro debt crisis: Greek Prime Minister

Joint bonds could help solve euro debt crisis: Greek Prime Minister

Joint eurozone bonds could help the bloc overcome its debt crisis, Greek Prime Minister George Papandreou said on Friday. Greece, which clinched 110 billion euros ($148.9 billion) in emergency EU/IMF funding in May last year to avoid default, embraced the
Published 23 Jan, 2011 12:00am
Indian bond yields crawl up

Indian bond yields crawl up

Indian federal bond yields crawled higher on Friday as sentiment in the market tilted towards risk aversion before the central bank's monetary policy review scheduled for Tuesday. Dealers said the outcome of the $2.41 billion debt sale also failed to elic
Published 23 Jan, 2011 12:00am
Indian bond yields crawl up

Indian bond yields crawl up

Indian federal bond yields crawled higher on Friday as sentiment in the market tilted towards risk aversion before the central bank's monetary policy review scheduled for Tuesday. Dealers said the outcome of the $2.41 billion debt sale also failed to elic
Published 23 Jan, 2011 12:00am
Toronto stocks lower

Toronto stocks lower

Toronto's main stock index finished lower for a third straight day on Friday, accelerating its decline toward the close on a late-day selloff in the materials group. The Toronto Stock Exchange's composite index, which was largely flat for much of the afte
Published 23 Jan, 2011 12:00am
Ipo View: Dangdang CEO's anger not enough for lawsuit

Ipo View: Dangdang CEO's anger not enough for lawsuit

The Chief Executive of Chinese Internet retailer E-commerce China Dangdang Inc may be angry over the pricing of his company's initial public offering, but that does not mean he has any basis for a lawsuit, US securities lawyers said. Dangdang CEO Li Guoqi
Published 23 Jan, 2011 12:00am
Brazil focused on real-denominated yield curve

Brazil focused on real-denominated yield curve

Brazil's government will make it a priority in 2011 to build a yield curve for its real-denominated global bonds, Deputy Treasury Secretary Paulo Valle said on Friday. The move is part of a plan to build up a real-denominated debt market abroad, providing
Published 23 Jan, 2011 12:00am
Brazil focused on real-denominated yield curve

Brazil focused on real-denominated yield curve

Brazil's government will make it a priority in 2011 to build a yield curve for its real-denominated global bonds, Deputy Treasury Secretary Paulo Valle said on Friday. The move is part of a plan to build up a real-denominated debt market abroad, providing
Published 23 Jan, 2011 12:00am
Petrobras sells $6 billion in bonds

Petrobras sells $6 billion in bonds

Brazil's state-owned oil giant Petrobras on Thursday sold $6 billion in bonds of different maturities, with spreads at the tight end of the range initially offered to investors, Thomson Reuters' IFR reported. Petrobras priced $2.5 billion in five-year bon
Published 23 Jan, 2011 12:00am
Petrobras sells $6 billion in bonds

Petrobras sells $6 billion in bonds

Brazil's state-owned oil giant Petrobras on Thursday sold $6 billion in bonds of different maturities, with spreads at the tight end of the range initially offered to investors, Thomson Reuters' IFR reported. Petrobras priced $2.5 billion in five-year bon
Published 23 Jan, 2011 12:00am
JGBs end flat

JGBs end flat

Japanese government bonds were almost flat on Friday after a sharp fall in Tokyo shares helped the market erase earlier losses triggered by a drop in US debt prices. A Bank of Japan purchase of 290 billion yen ($3.5 billion) of JGBs also supported the mar
Published 23 Jan, 2011 12:00am
JGBs end flat

JGBs end flat

Japanese government bonds were almost flat on Friday after a sharp fall in Tokyo shares helped the market erase earlier losses triggered by a drop in US debt prices. A Bank of Japan purchase of 290 billion yen ($3.5 billion) of JGBs also supported the mar
Published 23 Jan, 2011 12:00am
SEC urges new fiduciary rule for brokers, advisers

SEC urges new fiduciary rule for brokers, advisers

US securities regulators on Friday called for a new uniform fiduciary standard for broker-dealers and investment advisers that would require them to put retail customers ahead of their own financial interests.
Published 23 Jan, 2011 12:00am
Obama pushes trade agenda ahead of big speech

Obama pushes trade agenda ahead of big speech

President Barack Obama called on Saturday for new efforts to open global markets to US goods, highlighting trade before a big speech on Tuesday that will lay out his policy priorities for the coming year. With the US unemployment rate stuck at a stubbornl
Published 23 Jan, 2011 12:00am
Sole firm to halt drug for US lethal injection

Sole firm to halt drug for US lethal injection

The sole US manufacturer of a drug used for lethal injection executions in the United States announced Friday it would exit the market, raising new questions about states' ability to carry out capital punishment.
Published 23 Jan, 2011 12:00am
Indian state halts output at 23 iron ore mines

Indian state halts output at 23 iron ore mines

India's biggest iron ore-producing state said Saturday it had withheld permission from 23 mines to operate because they had not supplied proof of environmental and other clearances. The mines affected by the move by the Orissa government in eastern India
Published 23 Jan, 2011 12:00am
Oil traders indicted in alleged kickback scheme

Oil traders indicted in alleged kickback scheme

A former employee at LyondellBasell Industries and two international oil traders have been indicted in an alleged multimillion-dollar kickback scheme, the US Attorney's Office announced in a news release Friday.
Published 23 Jan, 2011 12:00am
Facebook to unveil financials, raises $1.5 billion

Facebook to unveil financials, raises $1.5 billion

Facebook is preparing to open its books this year or early in 2012 to give investors a glimpse into the financial workings of the world's No 1 social network, after it sealed an oversubscribed $1.5 billion round of financing led by Goldman Sachs.
Published 23 Jan, 2011 12:00am
India's State Bank third quarter net beats forecast

India's State Bank third quarter net beats forecast

State Bank of India, the country's top lender, beat street estimates with a 14 percent rise in quarterly profit, as a surge in credit demand offset higher provisions for bad loans. The bank, which controls a quarter of Indian bank loans and deposits along
Published 23 Jan, 2011 12:00am
US closes four banks

US closes four banks

US authorities closed four banks - one in Denver and three in the US Southeast - on Friday with total assets of $2.7 billion, bringing the number of failures in 2011 so far to seven. The pace of bank failures is expected to decrease in 2011 as the economy
Published 23 Jan, 2011 12:00am
Bangladesh's trade deficit widens

Bangladesh's trade deficit widens

Bangladesh's trade deficit widened by more than $1 billion to about $4 billion in July to November, the first five months of the current fiscal year, compared with the same period of the previous fiscal year, central bank officials said Saturday. They sai
Published 23 Jan, 2011 12:00am
Farm ministers agree need to tackle food price rises

Farm ministers agree need to tackle food price rises

Agriculture ministers from Europe, Africa and Canada warned Saturday of dire consequences, including riots and social unrest, unless action is swiftly taken to improve food security and tackle price hikes. The ministers from Germany, France, Poland, Ukrai
Published 23 Jan, 2011 12:00am
US indictments in $20 million real estate scam

US indictments in $20 million real estate scam

Ten people were indicted Friday in a $20 million real estate scam in the western state of California, the US Justice Department said Friday. In a 56-count indictment by a federal grand jury in Fresno, California, the suspects were charged with conspiracy
Published 23 Jan, 2011 12:00am
Volkswagen to sell new Golf hatchback

Volkswagen to sell new Golf hatchback

Volkswagen will begin selling the seventh generation of its flagship VW Golf hatchback in November 2012, industry publication Automobilwoche reported on Saturday, citing a person close to VW's chief executive.
Published 23 Jan, 2011 12:00am
Don't rule out debt buy-back idea: Juncker

Don't rule out debt buy-back idea: Juncker

European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not rely too much on rich countries, Eurogroup Chief Jean-Claude Juncker said. "It would be wrong to create taboos but we cannot overstret
Published 23 Jan, 2011 12:00am
Don't rule out debt buy-back idea: Juncker

Don't rule out debt buy-back idea: Juncker

European leaders should not shy away from a proposal to buy back the bonds of troubled euro member states but should not rely too much on rich countries, Eurogroup Chief Jean-Claude Juncker said. "It would be wrong to create taboos but we cannot overstret
Published 23 Jan, 2011 12:00am
Dhaka chosen as Headquarters for new BIMSTEC secretariat

Dhaka chosen as Headquarters for new BIMSTEC secretariat

The Bangladeshi capital Dhaka has beaten off strong competition from Sri Lanka to be chosen as the host city for a new headquarters for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation (BIMSTEC), officials said Saturday.
Published 23 Jan, 2011 12:00am
EFSF may use different interest rates: Bruederle

EFSF may use different interest rates: Bruederle

The European rescue fund could use different interest rates in the debt it raises to help boost its effective lending capacity without having to increase the headline sum, German Economy Minister Rainer Bruederle said.
Published 23 Jan, 2011 12:00am
EFSF may use different interest rates: Bruederle

EFSF may use different interest rates: Bruederle

The European rescue fund could use different interest rates in the debt it raises to help boost its effective lending capacity without having to increase the headline sum, German Economy Minister Rainer Bruederle said.
Published 23 Jan, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 23 Jan, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 23 Jan, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (January 22, 2011).
Published 23 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (January 22, 2011).

Published 23 Jan, 2011 12:00am
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