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Archive - 2011-01-31
Kerb currency market closing
Markets

Kerb currency market closing

  KARACHI : Following are the closing rates of Foreign Currencies in kerb market, issued here on Monday by Forex Asso
Published 31 Jan, 2011 02:59pm
ICC World Cup Schedule
Sports

ICC World Cup Schedule

MUMBAI: Table showing the schedule of matches in the group stage of the Cricket World Cup, which starts on February 19.
Published 31 Jan, 2011 10:25am
Six killed in two blasts: officials
Top News

Six killed in two blasts: officials

PESHAWAR: Six people including four police officers were killed and 14 people wounded in two bomb blasts in Peshawar on
Published 31 Jan, 2011 09:39am
Nine EPZs set up in the country
Top News

Nine EPZs set up in the country

ISLAMABAD: The Export Processing Zone Authority (EPZA)has established nine Export Processing Zones (EPZs) all across
Published 31 Jan, 2011 08:18am
Petrol politics - episode II
BR Research

Petrol politics - episode II

Today will be a busy day for the government. Today, will also be the day when the governed will witness a bout between economic rationality
Published 31 Jan, 2011 12:00am
No smooth curves for Honda
BR Research

No smooth curves for Honda

Pakistans auto industry is into its second year of recovery. Yet, earning a profit still remains a distant dream for the countrys third larg
Published 31 Jan, 2011 12:00am
Spain to offer capital to savings banks from March

Spain to offer capital to savings banks from March

Spanish savings banks struggling to find private cash as part of new recapitalisation rules will have access to state-backed funds from March, the economy ministry said on Sunday.
Published 31 Jan, 2011 12:00am
Spain to announce new job creation plan this week

Spain to announce new job creation plan this week

The Spanish government will announce new measures this week to stimulate job creation, the Labour Minister said on Sunday, just two days after data showed unemployment rates at their highest for more than 13 years. "The time has come to improve conditions
Published 31 Jan, 2011 12:00am
Alpha agrees to buy Massey Energy for about $7.1 billion

Alpha agrees to buy Massey Energy for about $7.1 billion

Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year. The deal - the latest in a wave of consolidation sweeping the industry - creates the second lar
Published 31 Jan, 2011 12:00am
Brazil's Rousseff criticises currency protectionism

Brazil's Rousseff criticises currency protectionism

Emerging market countries such as Brazil and Argentina must take a stronger position against "competitive depreciations," Brazilian President Dilma Rousseff told Argentine newspaper Pagina 12 on Sunday.
Published 31 Jan, 2011 12:00am
UBS to give 'ambassador' pensioners 1,000 francs

UBS to give 'ambassador' pensioners 1,000 francs

UBS will pay its Swiss pensioners 1,000 Swiss francs ($1,061) to thank them for their loyalty and acting as "credible ambassadors" through the financial crisis, when the bank booked the biggest loss in the country's history.
Published 31 Jan, 2011 12:00am
BHP, Rio Tinto investors want cash, not deals

BHP, Rio Tinto investors want cash, not deals

Investors have written to BHP Billiton and Rio Tinto to say the miners should ditch ambitions for mega deals in favour of multi-billion pound share buyback schemes, The Sunday Telegraph reported. The newspaper said shareholders, which it did not name, hav
Published 31 Jan, 2011 12:00am
Davos political guests struggle to advance agenda

Davos political guests struggle to advance agenda

Global business leaders headed home from Davos Sunday after a week in which were courted by politicians seeking plans to deal with debt, food scarcity, climate change and revolt on the Arab street.
Published 31 Jan, 2011 12:00am
British finance minister warns of 'turmoil'

British finance minister warns of 'turmoil'

British finance minister George Osborne insisted Sunday he would resist pressure to drop his deficit reduction plan, saying to abandon it would unleash "financial turmoil" within minutes. Osborne said he did not like having to raise taxes and slash spendi
Published 31 Jan, 2011 12:00am
EU working on retirement benchmark

EU working on retirement benchmark

The European Union is working toward setting a benchmark retirement age to be used as a starting point for national thresholds, German Finance Minister Wolfgang Schaeuble said in an interview on Sunday. Schaeuble said the plan, which foresees requiring co
Published 31 Jan, 2011 12:00am
80 percent of Irish want bailout renegotiated

80 percent of Irish want bailout renegotiated

An overwhelming majority of Irish voters want the terms of a 67.5 billion euro ($92 billion) EU-IMF bailout renegotiated, according to an opinion poll out Sunday.
Published 31 Jan, 2011 12:00am
BP seeks fast track arbitration with TNK-BP

BP seeks fast track arbitration with TNK-BP

BP wants to enter "fast track arbitration" to settle a dispute with Russian shareholders in its TNK-BP joint venture over the British company's shares and exploration deal with Rosneft. Shareholders in the AAR consortium which owns the other half of BP's
Published 31 Jan, 2011 12:00am
UK FSA chairman says banks face more rules

UK FSA chairman says banks face more rules

The Financial Services Authority's chairman has told British banks that society still needs assurance a financial collapse could never happen again and that there will be more regulation ahead.
Published 31 Jan, 2011 12:00am
Dubai Investments fourth quarter net profit drops 36 percent

Dubai Investments fourth quarter net profit drops 36 percent

UAE conglomerate Dubai Investments reported a 36 percent drop in its fourth-quarter profit, as revenues for 2010 fell as the local economy remained weak after the burst of the asset bubble two years ago. Dubai Investments, which is involved in sectors fro
Published 31 Jan, 2011 12:00am
Dubai Investments fourth quarter net profit drops 36 percent

Dubai Investments fourth quarter net profit drops 36 percent

UAE conglomerate Dubai Investments reported a 36 percent drop in its fourth-quarter profit, as revenues for 2010 fell as the local economy remained weak after the burst of the asset bubble two years ago. Dubai Investments, which is involved in sectors fro
Published 31 Jan, 2011 12:00am
US Jacobs wins Aramco's lubricants deal

US Jacobs wins Aramco's lubricants deal

Saudi Aramco Lubricating Oil Refining Co (Luberef) awarded US Jacobs Engineering a contract to design the expansion of its Yanbu refinery, the company said on Sunday. Luberef, established in 1976, produces around 550,000 tonnes per year (tpy) of oil lubri
Published 31 Jan, 2011 12:00am
Djokovic beats Murray in Open final

Djokovic beats Murray in Open final

Novak Djokovic claimed his second Grand Slam title at the Australian Open Sunday with a dominant display which shattered Andy Murray's dream of becoming Britain's first male major-winner in 75 years. The Serbian world number three controlled the final on
Published 31 Jan, 2011 12:00am
Nestor, Srebotnik triumph in mixed doubles

Nestor, Srebotnik triumph in mixed doubles

Canadian Daniel Nestor and Slovenia's Katarina Srebotnik won the Australian Open mixed doubles title when they beat Australian Paul Hanley and Taiwan's Chan Yung-Jan Sunday.
Published 31 Jan, 2011 12:00am
China dominates Korea Open badminton Championship

China dominates Korea Open badminton Championship

China dominated the finals of the Korea Open badminton championship in Seoul on Sunday, sweeping four titles in the sport's richest-ever tournament. In the men's singles, China's Lin Dan defeated arch-rival and defending champion Lee Chong-Wei from Malays
Published 31 Jan, 2011 12:00am
Asian Winter Games officially open

Asian Winter Games officially open

The seventh edition of the Asian Winter Games was officially opened on Sunday in Kazakhstan's capital Astana in a spectacular three-hour ceremony staged at the city's indoor football stadium. The event curtain-raising show began with a dramatised performa
Published 31 Jan, 2011 12:00am
BCCI recommends Bangalore for India-England match

BCCI recommends Bangalore for India-England match

The Indian cricket board (BCCI) has recommended Bangalore's M. Chinnaswamy Stadium as an alternative venue for next month's World Cup Group B match against England, a leading official said on Sunday. Kolkata was dropped on Thursday after an International
Published 31 Jan, 2011 12:00am
Pazzini stars in Inter fight-back

Pazzini stars in Inter fight-back

Giampaolo Pazzini scored a brace on his debut as Inter Milan fought back from a two-goal half-time deficit to beat Palermo 3-2 on Sunday. The win kept the champions in the title race following leaders AC Milan's 2-0 win at Catania on Saturday, leaving the
Published 31 Jan, 2011 12:00am
Stuttgart sign Asian Cup winner Okazaki

Stuttgart sign Asian Cup winner Okazaki

Asian Cup winner Shinji Okazaki has joined second from bottom VfB Stuttgart on a free transfer from Shimizu S-Pulse, the Bundesliga club said on Sunday. Okazaki helped Japan lift the Asian Cup with a 1-0 win over Australia in the final in Doha on Saturday
Published 31 Jan, 2011 12:00am
Australia beat England to take ODI series

Australia beat England to take ODI series

Australia claimed the one-day international series against England with a 51-run win in the fifth match at the Gabba in Brisbane on Sunday. After winning the toss and batting Australia made 249, with second-gamer Chris Woakes picking up a record-equalling
Published 31 Jan, 2011 12:00am
Arsenal through, Man City held in FA Cup

Arsenal through, Man City held in FA Cup

Ten-man Arsenal scraped to a 2-1 home win over League One (third division) Huddersfield on Sunday after Cesc Fabregas came off the bench to score an 86th-minute penalty and send them into the fifth round of the FA Cup.
Published 31 Jan, 2011 12:00am
Roar rack up record 23rd unbeaten match

Roar rack up record 23rd unbeaten match

Tearaway A-League leaders Brisbane Roar set a new Australian club record of 23 games without defeat after downing Melbourne Heart 2-1 this weekend. The Roar last lost against Melbourne Victory on September 12 and have now overtaken Apia-Leichhardt's previ
Published 31 Jan, 2011 12:00am
SEC report calls for fiduciary standard for brokers

SEC report calls for fiduciary standard for brokers

US Securities and Exchange Commission staffers recommended on January 28 that the agency apply the same standard of care to brokers and investment advisers, but industry executives say the report does little to end the decades-old debate or provide much d
Published 31 Jan, 2011 12:00am
SEC report calls for fiduciary standard for brokers

SEC report calls for fiduciary standard for brokers

US Securities and Exchange Commission staffers recommended on January 28 that the agency apply the same standard of care to brokers and investment advisers, but industry executives say the report does little to end the decades-old debate or provide much d
Published 31 Jan, 2011 12:00am
Salary triples for Goldman chief executive

Salary triples for Goldman chief executive

US banking powerhouse Goldman Sachs said on January 28 that it was more than tripling the salary of chief executive Lloyd Blankfein to $2 million in 2011 from $600,000 last year.
Published 31 Jan, 2011 12:00am
SAP posts sharp profit drop

SAP posts sharp profit drop

German professional software maker SAP posted on January 26 a sharp drop in fourth quarter earnings owing to a defeat in a court case involving US rival Oracle. SAP nonetheless expects to record stronger results in 2011, saying that its operating profit a
Published 31 Jan, 2011 12:00am
SAP posts sharp profit drop

SAP posts sharp profit drop

German professional software maker SAP posted on January 26 a sharp drop in fourth quarter earnings owing to a defeat in a court case involving US rival Oracle. SAP nonetheless expects to record stronger results in 2011, saying that its operating profit a
Published 31 Jan, 2011 12:00am
Dutch telecom operator KPN's profit dips

Dutch telecom operator KPN's profit dips

Dutch telecoms operator KPN said on January 26 that its 2010 net earnings dropped due to exceptional items but operating profit climbed a healthy 14 percent, and announced a one-billion-euro share buyback programme. The company's 2010 net profit came in a
Published 31 Jan, 2011 12:00am
Ford doubles profit in 2010

Ford doubles profit in 2010

Ford said on January 28 annual profit doubled in 2010 to its highest earnings in more than a decade, as the second-biggest US automaker posted strong world-wide results and paid down debt. For all of 2010, Ford reported net income of $6.6 billion, or $1.6
Published 31 Jan, 2011 12:00am
Ford doubles profit in 2010

Ford doubles profit in 2010

Ford said on January 28 annual profit doubled in 2010 to its highest earnings in more than a decade, as the second-biggest US automaker posted strong world-wide results and paid down debt. For all of 2010, Ford reported net income of $6.6 billion, or $1.6
Published 31 Jan, 2011 12:00am
Daimler says supply shortages hit car sector

Daimler says supply shortages hit car sector

The head of premium carmaker Daimler warned that suppliers of automotive parts are struggling to keep up with a rise in demand, putting a strain on the entire car industry. "The supply industry overall is under quite a strain. Everyone is struggling, some
Published 31 Jan, 2011 12:00am
Daimler says supply shortages hit car sector

Daimler says supply shortages hit car sector

The head of premium carmaker Daimler warned that suppliers of automotive parts are struggling to keep up with a rise in demand, putting a strain on the entire car industry. "The supply industry overall is under quite a strain. Everyone is struggling, some
Published 31 Jan, 2011 12:00am
BOC Aviation sees up to $1.4 billion rise in its portfolio in 2011

BOC Aviation sees up to $1.4 billion rise in its portfolio in 2011

BOC Aviation, the aircraft financing unit of Bank of China, said on January 24 that it was looking to order more aircraft from manufacturers like Airbus and Boeing this year as the airline industry rebounds strongly from the economic downturn.
Published 31 Jan, 2011 12:00am
BOC Aviation sees up to $1.4 billion rise in its portfolio in 2011

BOC Aviation sees up to $1.4 billion rise in its portfolio in 2011

BOC Aviation, the aircraft financing unit of Bank of China, said on January 24 that it was looking to order more aircraft from manufacturers like Airbus and Boeing this year as the airline industry rebounds strongly from the economic downturn.
Published 31 Jan, 2011 12:00am
Kenya bourse eyes five new listings

Kenya bourse eyes five new listings

Kenya's Nairobi Stock Exchange expects five new listings this year as firms are attracted by the chance of raising capital on the back of last year's stock market advance, its chief executive said.
Published 31 Jan, 2011 12:00am
Facebook lets advertisers 'sponsor' user updates

Facebook lets advertisers 'sponsor' user updates

Facebook is rolling out options for advertisers to pay to "sponsor" comments people make about businesses, places or products at the world's largest online social network. A Sponsored Stories tool allows advertisers to take "word of mouth recommendations
Published 31 Jan, 2011 12:00am
Hong Kong students suffer Internet addiction

Hong Kong students suffer Internet addiction

Nearly one-third of Hong Kong secondary school students are addicted to the Internet and suffer withdrawal symptoms when they are unable to log on, according to a survey on January 26. Of 1,508 students interviewed by the city's Federation of Youth Groups
Published 31 Jan, 2011 12:00am
Foursquare tops six million members

Foursquare tops six million members

Location-sharing service Foursquare on January 24 announced that its ranks grew by 3,400 percent in the past year and that it now has more than six million registered users. "Honestly, 2010 was just insane," the New York City-based start-up said in an onl
Published 31 Jan, 2011 12:00am
Sony launches PlayStation smartphone

Sony launches PlayStation smartphone

Japanese electronics giant Sony Corp on January 27 presented a game-savvy smartphone; enabling Playstation games to be played on Android smartphones in a bid to win back market share in the gaming sector. The hybrid, dubbed Sony Ericsson Xperia Play, come
Published 31 Jan, 2011 12:00am
Number of Internet users world-wide reaches two billion: UN

Number of Internet users world-wide reaches two billion: UN

The number of Internet users world-wide has mushroomed to reach the two billion mark, the head of the UN's telecommunications agency, Hamadoun Toure, said on January 26. The number of mobile phone subscriptions also reached the symbolic threshold of five
Published 31 Jan, 2011 12:00am
Macworld shines without superstar Apple

Macworld shines without superstar Apple

From star-gazing iPad applications to crystal-encrusted iPhone cases, a universe of products spun off of Apple gadgets flourished at Macworld Expo despite the absence of the sun around which they revolve. Attendance was on track to hit 25,000 by the time
Published 31 Jan, 2011 12:00am
Mobile applications downloads forecast to double in 2011

Mobile applications downloads forecast to double in 2011

More than 17 billion mobile applications will be downloaded from online stores this year, more than double the number of the mini-programmes downloaded last year, research firm Gartner said on January 26. Gartner said world-wide mobile application store d
Published 31 Jan, 2011 12:00am
Google & Mozilla take 'Do Not Track' steps

Google & Mozilla take 'Do Not Track' steps

Mozilla and Google on January 24 took steps toward giving people more online privacy but each said hurdles remain to creating simple "Do Not Track" buttons for Web browsing software. Mozilla proposed adding a signal to its popular Firefox browser to let u
Published 31 Jan, 2011 12:00am
Headless Conficker worm lives in computers

Headless Conficker worm lives in computers

A unified effort has lopped the head off a treacherous Conficker computer worm but the malicious computer code lives on in infected machines. A Conficker Working Group report available online on January 26 said the alliance has prevented the people who re
Published 31 Jan, 2011 12:00am
News Corp to launch iPad newspaper on February 2

News Corp to launch iPad newspaper on February 2

News Corp and Apple will launch an eagerly awaited daily news publication for the iPad on February 2, News Corp announced on January 27. In an invitation sent to reporters, the company said that the publication, to be called The Daily, would be unveiled b
Published 31 Jan, 2011 12:00am
Apple launches iPad in India

Apple launches iPad in India

Apple's hugely popular iPad tablet computer went on sale in Indian stores on January 28, nearly 10 months after it launched in the United States. Indian consumers have had to order the iPad from overseas but now it is on sale at Apple-partnered stores acr
Published 31 Jan, 2011 12:00am
2010 'one of worst' years for disasters

2010 'one of worst' years for disasters

2010 was one of the worst years on record for natural disasters over the past two decades, leaving nearly 297,000 people dead, research for the United Nations showed on January 24. The devastating earthquake in Haiti a year ago accounted for about two thi
Published 31 Jan, 2011 12:00am
Big cities are not always biggest polluters

Big cities are not always biggest polluters

Big cities like New York, London and Shanghai send less pollution into the atmosphere per capita than places like Denver and Rotterdam, said a study released on January 25. Researchers examined data from 100 cities in 33 nations for clues about which were
Published 31 Jan, 2011 12:00am
Telescope spots oldest galaxy ever seen

Telescope spots oldest galaxy ever seen

US and European researchers trying to peer back to the beginnings of the universe said on January 26 they have spotted what they think is the most ancient galaxy ever seen - 13.2 billion years old. The aging Hubble Space Telescope collected light from the
Published 31 Jan, 2011 12:00am
Bad eating can give you depression

Bad eating can give you depression

Eating foods high in trans-fats and saturated fats increases the risk of depression, according to a Spanish study published on January 26, confirming previous studies that linked "junk food" with the disease. Researchers also showed that some products, su
Published 31 Jan, 2011 12:00am
Southeast Asia seen beset by chronic, costly diseases

Southeast Asia seen beset by chronic, costly diseases

Chronic illnesses including cancer, heart disease and stroke caused 2.6 million deaths, or 60 percent of all deaths, in Southeast Asia in 2005, and that will balloon to 4.2 million by 2030, researchers warned.
Published 31 Jan, 2011 12:00am
'Rogue gene' discovery could stop cancers

'Rogue gene' discovery could stop cancers

Scientists on January 24 said that their discovery of a "rogue gene" could stop the spread of most late-stage cancers, providing one day the right drug is found.
Published 31 Jan, 2011 12:00am
Heart disease costs to triple in US by 2030

Heart disease costs to triple in US by 2030

The costs of heart disease in the United States will triple between now and 2030, to more than $800 billion a year, a report commissioned by the American Heart Association predicted on January 24. Treating high blood pressure will be the most expensive pa
Published 31 Jan, 2011 12:00am
Three dacoits, two cops killed in an encounter

Three dacoits, two cops killed in an encounter

Three dacoits and two policemen were killed in an encounter on Saturday night. According to police spokesman Arshad Nawaz, district police launched an operation in Sindh riverine and Katcha area in Sadiqabad tahsil.
Published 31 Jan, 2011 12:00am
BB Youth Development Programme lauded

BB Youth Development Programme lauded

District Coordin-ation Officer (DCO) Karachi, Muhammad Hussain Syed, has appreciated the Benazir Bhutto Shaheed Youth Development Programme (BBSYDP). He said here on Sunday that the programme provides good opportunities to youths to utilise their talent a
Published 31 Jan, 2011 12:00am
SU plans to provide training to its security guards

SU plans to provide training to its security guards

The University of Sindh has planned to provide training to its security guards to maintain law and order and for improvement of security system at the University Campus. In this connection a meeting was convened by Vice Chancellor Professor Dr Nazir A Mug
Published 31 Jan, 2011 12:00am
Senator Haseeb lauds functioning of EOBI

Senator Haseeb lauds functioning of EOBI

A delegation led by Senator Abdul Haseeb Khan comprising of all the employers association of Karachi which includes KATI, SITE, LATI, NKATI, FBATI held a meeting with the Chairman EOBI, Zafar Iqbal Gondal at the EOBI Head Office here Sunday to discuss var
Published 31 Jan, 2011 12:00am
New date of postponed BA paper

New date of postponed BA paper

Controller Examination of Karachi University (KU) Prof Javed Ansari has announced new date of postponed paper of BA (Regular and External) annual examination-2010. The paper that was scheduled on 21st December, 2010 would now be held on 31st January, 2011
Published 31 Jan, 2011 12:00am
WWF-Pakistan, Indus Motors hold Travelling Nature Carnival 2011

WWF-Pakistan, Indus Motors hold Travelling Nature Carnival 2011

Thousands of people, hundred of schools were lured to WWF-Pakistan and Indus Motor Company Travelling Nature Carnival 2011 on Sunday at the PAF Museum, Karachi. The Travelling Nature Carnival 2011 is supported by Indus Motors Company under the Toyota Envi
Published 31 Jan, 2011 12:00am
Tributes paid to Salmaan Taseer

Tributes paid to Salmaan Taseer

Pakistan Peoples Party (PPP) workers and civil society members paid tribute to late Punjab governor Salmaan Taseer by lighting candles at the site of his assassination here at Kohsar Market on Sunday night.
Published 31 Jan, 2011 12:00am
Teachers are being appointed on merit: Mazhar

Teachers are being appointed on merit: Mazhar

A comprehensive strategy for infusing quality in the education system and for providing jobs to the teachers on merit is being implemented after taking the PPP leadership and the coalition partners in the Sindh Government into confidence.
Published 31 Jan, 2011 12:00am
Thousands participate in Tahaffuz Namoos-e-Risalat rally

Thousands participate in Tahaffuz Namoos-e-Risalat rally

Tahaffuz Namoos-e-Risalat, an alliance of religious parties, took out a big rally here on Sunday pressurising the government not to touch the blasphemy law, abolish the committee set up to review the law and withdraw the proposed amendment in the blasphem
Published 31 Jan, 2011 12:00am
58th World Leprosy Day observed

58th World Leprosy Day observed

Pakistan observed 58th World Leprosy Day on Sunday amidst its absolute control over the disease with 90 percent recovery rate among the 55,000 registered patients across the country. The facts were highlighting during the ceremony organised by Marie Adela
Published 31 Jan, 2011 12:00am
Khushhal Khan Khatak Express to ply again from today

Khushhal Khan Khatak Express to ply again from today

The Pakistan Railways has decided to ply 19-Up/20-Down Khushhal Khan Khatak Express from Peshawar Cantonment to Karachi and from Karachi to Peshawar Cantonment again on its fixed route from January 31, 2011.
Published 31 Jan, 2011 12:00am
Fehmida inaugurates Rs 150 million Safari Park project

Fehmida inaugurates Rs 150 million Safari Park project

Speaker National Assembly Dr. Fehmida Mirza has said that by the end of its 5-year term the government of PPP would complete a record number of development projects for the welfare of people. She was speaking as a chief guest at the foundation stone layin
Published 31 Jan, 2011 12:00am
Rehman Malik meets Sindh Governor

Rehman Malik meets Sindh Governor

Federal Interior Minister A. Rehman Malik on Sunday met With Sindh Governor, Dr. Ishrat-ul-Ebad Khan at the Governor House here. Among other important issues, they discussed the prevailing situation in the country, said a statement. They called for taking
Published 31 Jan, 2011 12:00am
Missing containers: FTO's report contested

Missing containers: FTO's report contested

The Pakistan International Freight Forwarders Association (PIFFA) has contested Federal Tax Ombudsman's report regarding pilferage of 7922 containers, saying that the whole report completely relied on a single source of data compiled by terminal operators
Published 31 Jan, 2011 12:00am
Gas loadshedding: over 600 industrial units closed for 96 hours

Gas loadshedding: over 600 industrial units closed for 96 hours

More than 600 industrial units, most of them belonging to textile sector, were closed here on Sunday under new gas load shedding schedule of Sui Northern Gas Pipelines (SNGPL), which will continue till 6 am on February 3, approximately 96 hours, which wil
Published 31 Jan, 2011 12:00am
A new agenda for political leadership

A new agenda for political leadership

The economy is plummeting for a variety of inter-related reasons (the newspaper will carry tomorrow an editorial comment on SBP's Monetary Policy Statement of January 29, 2011). Our country faces structural challenges that are undeniable but, politically
Published 31 Jan, 2011 12:00am
A nation angered!

A nation angered!

It has been a tumultuous week marred by one incident, which has brought the entire nation together in righteous anger: death by shooting of two motorcyclists and overrunning of a third by the US nationals. The initial US government response, both in Washi
Published 31 Jan, 2011 12:00am
Pakistan exchange traded derivatives

Pakistan exchange traded derivatives

Karachi Stock Exchange, most traded local bourse of Pakistan, currently offers equity future products as sole leveraging and hedging tool. Despite being only leveraged product, the activity in stock and index futures are very low. To understand the reason
Published 31 Jan, 2011 12:00am
Anger, regret, scepticism at Palestine papers

Anger, regret, scepticism at Palestine papers

Anger over their leaders giving up on highly sensitive issues such as Jerusalem and refugees; regret at a missed opportunity to reach a peace deal after coming so close; scepticism over the accuracy of the leaked negotiations:
Published 31 Jan, 2011 12:00am
US interference in Pakistan

US interference in Pakistan

Through your esteemed column, I would like to say that the US interference is increasing in Pakistan day by day. The recent event in Lahore in which Raymond Davis, a US consulate employee, gunned two motorcyclists down and another US consulate person ran
Published 31 Jan, 2011 12:00am
Prime Minister declines comment on US man's arrest

Prime Minister declines comment on US man's arrest

Pakistani Prime Minister Yousuf Raza Gilani Sunday declined to comment on the arrest of a US man who shot dead two men in Lahore, saying the matter was being probed by courts and regional authorities. "The federal government is not silent over this matter
Published 31 Jan, 2011 12:00am
'Pak-Afghan commission to help eradicate terrorism'

'Pak-Afghan commission to help eradicate terrorism'

Pakistan People's Party Sherpao (PPP-S), Chairman and former Interior Minister Aftab Ahmed Khan Sherpao on Sunday welcomed the announcement of joint commission between Pakistan and Afghanistan and termed it as a good omen to enhance mutual consultation in
Published 31 Jan, 2011 12:00am
Condolence

Condolence

Sindh Chief Minister Syed Qaim Ali Shah has expressed sorrow and grief over the death of sister of Pakistan People's Party (PPP) leader Khalil Qureshi advocate. In a statement issued here, the Sindh CM prayed to Allah Almighty to rest the departed soul in
Published 31 Jan, 2011 12:00am
Government determined to control menace of price hike: minister

Government determined to control menace of price hike: minister

Federal Minister for Communication Dr Arbab Alamgir Khan has said that the government is working on a plan to control menace of price hike, unemployment and reduce poverty through promoting technical education in Pakistan.
Published 31 Jan, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 24 - 29 2011)
Published 31 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (January 30, 2011) and the forecast for Monday (January 31, 2011).
Published 31 Jan, 2011 12:00am
EDB proposes tax incentive package for 'Export Houses'

EDB proposes tax incentive package for 'Export Houses'

The Engineering Development Board (EDB) has proposed tax incentive package for 'Export Houses', which includes special tax concession schemes and facility of Duty and Tax Remission for Export Scheme (DTRE) to promote small-scale manufacturers, through pro
Published 31 Jan, 2011 12:00am
EDB proposes tax incentive package for 'Export Houses'

EDB proposes tax incentive package for 'Export Houses'

The Engineering Development Board (EDB) has proposed tax incentive package for 'Export Houses', which includes special tax concession schemes and facility of Duty and Tax Remission for Export Scheme (DTRE) to promote small-scale manufacturers, through pro
Published 31 Jan, 2011 12:00am
EDB proposes tax incentive package for ''Export Houses''

EDB proposes tax incentive package for ''Export Houses''

The Engineering Development Board (EDB) has proposed tax incentive package for ''Export Houses'', which includes special tax concession schemes and facility of Duty and Tax Remission for Export Scheme (DTRE) to promote small-scale manufacturers, through p
Published 31 Jan, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

Divergent trend was seen on the money market during the week ended on January 29, 2011 as the rupee moved both ways versus dollar. On the interbank, the rupee gained 24 paisa against dollar for buying at 85.65 and 22 paisa for selling at 85.70.
Published 31 Jan, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

Divergent trend was seen on the money market during the week ended on January 29, 2011 as the rupee moved both ways versus dollar. On the interbank, the rupee gained 24 paisa against dollar for buying at 85.65 and 22 paisa for selling at 85.70.
Published 31 Jan, 2011 12:00am
Obama calls regional leaders to discuss crisis

Obama calls regional leaders to discuss crisis

US President Barack Obama phoned Israeli, Saudi and Turkish leaders to discuss the crisis in Egypt and their assessment of the quickly evolving situation, the White House said Sunday.
Published 31 Jan, 2011 12:00am
Obama calls regional leaders to discuss crisis

Obama calls regional leaders to discuss crisis

US President Barack Obama phoned Israeli, Saudi and Turkish leaders to discuss the crisis in Egypt and their assessment of the quickly evolving situation, the White House said Sunday.
Published 31 Jan, 2011 12:00am
All Pakistanis in Egypt safe: envoy

All Pakistanis in Egypt safe: envoy

Pakistan's Ambassador to Egypt Seema Naqvi on Sunday said that all Pakistanis are safe and sound in Egypt. Seema Naqvi in a telephonic conversation with a private news channel said that Pakistanis in Egypt are safe and sound during the turmoil and the arr
Published 31 Jan, 2011 12:00am
All Pakistanis in Egypt safe: envoy

All Pakistanis in Egypt safe: envoy

Pakistan's Ambassador to Egypt Seema Naqvi on Sunday said that all Pakistanis are safe and sound in Egypt. Seema Naqvi in a telephonic conversation with a private news channel said that Pakistanis in Egypt are safe and sound during the turmoil and the arr
Published 31 Jan, 2011 12:00am
Parliamentary body meeting: decision on oil prices hike likely today

Parliamentary body meeting: decision on oil prices hike likely today

The parliamentary committee on oil pricing is to meet on Monday to decide about increase in oil prices, it is learnt. According to sources, the Ministry of Petroleum is mulling to absorb the rising impact of petrol prices by about Rs 5 per litre by implem
Published 31 Jan, 2011 12:00am
Parliamentary body meeting: decision on oil prices hike likely today

Parliamentary body meeting: decision on oil prices hike likely today

The parliamentary committee on oil pricing is to meet on Monday to decide about increase in oil prices, it is learnt. According to sources, the Ministry of Petroleum is mulling to absorb the rising impact of petrol prices by about Rs 5 per litre by implem
Published 31 Jan, 2011 12:00am
Parliamentary body meeting: decision on oil prices hike likely today

Parliamentary body meeting: decision on oil prices hike likely today

The parliamentary committee on oil pricing is to meet on Monday to decide about increase in oil prices, it is learnt. According to sources, the Ministry of Petroleum is mulling to absorb the rising impact of petrol prices by about Rs 5 per litre by implem
Published 31 Jan, 2011 12:00am
Violation of agreements: provinces lock horns with NDMA

Violation of agreements: provinces lock horns with NDMA

Provincial Disaster Management Authorities (PDMAs) have locked horns with the National Disaster Management Authority (NDMA) for violation of agreements and extension in the service of District DRM co-ordinators at extremely attractive packages under the '
Published 31 Jan, 2011 12:00am
Violation of agreements: provinces lock horns with NDMA

Violation of agreements: provinces lock horns with NDMA

Provincial Disaster Management Authorities (PDMAs) have locked horns with the National Disaster Management Authority (NDMA) for violation of agreements and extension in the service of District DRM co-ordinators at extremely attractive packages under the '
Published 31 Jan, 2011 12:00am
Davis is entitled to full criminal immunity: US embassy

Davis is entitled to full criminal immunity: US embassy

After having demanded 'immediate release' of Ramyond Davis, facing double-murder charges in Lahore, the US embassy on Sunday admitted he was member of 'technical and administrative' staff but had immunity under the Vienna Convention on Diplomatic Relation
Published 31 Jan, 2011 12:00am
Davis is entitled to full criminal immunity: US embassy

Davis is entitled to full criminal immunity: US embassy

After having demanded 'immediate release' of Ramyond Davis, facing double-murder charges in Lahore, the US embassy on Sunday admitted he was member of 'technical and administrative' staff but had immunity under the Vienna Convention on Diplomatic Relation
Published 31 Jan, 2011 12:00am
Over 99 percent of south Sudan votes to separate

Over 99 percent of south Sudan votes to separate

South Sudan overwhelmingly voted to split from the north in a referendum intended to end decades of civil war, officials said on Sunday, sparking mass celebrations in the southern capital Juba. Thousands cheered, danced and ululated after officials said 9
Published 31 Jan, 2011 12:00am
Over 99 percent of south Sudan votes to separate

Over 99 percent of south Sudan votes to separate

South Sudan overwhelmingly voted to split from the north in a referendum intended to end decades of civil war, officials said on Sunday, sparking mass celebrations in the southern capital Juba. Thousands cheered, danced and ululated after officials said 9
Published 31 Jan, 2011 12:00am
Kardar seeks to strike a delicate balance

Kardar seeks to strike a delicate balance

The central bank has chosen to be optimistic that the political leadership will take on economic reforms on an emergency footing following negotiations among major political parties.
Published 31 Jan, 2011 12:00am
Kardar seeks to strike a delicate balance

Kardar seeks to strike a delicate balance

The central bank has chosen to be optimistic that the political leadership will take on economic reforms on an emergency footing following negotiations among major political parties.
Published 31 Jan, 2011 12:00am
Kardar seeks to strike a delicate balance

Kardar seeks to strike a delicate balance

The central bank has chosen to be optimistic that the political leadership will take on economic reforms on an emergency footing following negotiations among major political parties.
Published 31 Jan, 2011 12:00am
Private sector unwilling: TCP to import 0.225 million tons of urea

Private sector unwilling: TCP to import 0.225 million tons of urea

The Economic Co-ordination Committee of the Cabinet (ECC) has asked the Trading Corporation of Pakistan (TCP) to import 0.225 million tons of urea, on urgent basis, to meet local shortage. "TCP has been given the task to import urea as private sector has
Published 31 Jan, 2011 12:00am
Private sector unwilling: TCP to import 0.225 million tons of urea

Private sector unwilling: TCP to import 0.225 million tons of urea

The Economic Co-ordination Committee of the Cabinet (ECC) has asked the Trading Corporation of Pakistan (TCP) to import 0.225 million tons of urea, on urgent basis, to meet local shortage. "TCP has been given the task to import urea as private sector has
Published 31 Jan, 2011 12:00am
Private sector unwilling: TCP to import 0.225 million tons of urea

Private sector unwilling: TCP to import 0.225 million tons of urea

The Economic Co-ordination Committee of the Cabinet (ECC) has asked the Trading Corporation of Pakistan (TCP) to import 0.225 million tons of urea, on urgent basis, to meet local shortage. "TCP has been given the task to import urea as private sector has
Published 31 Jan, 2011 12:00am
Government to form aggressive policy for horticulture products' export

Government to form aggressive policy for horticulture products' export

The government has decided to formulate an aggressive policy for export of horticulture products during 2011 for which all possible support will be extended to Pakistan Horticulture Development and Export Company (PHDEC). This decision was taken at a meet
Published 31 Jan, 2011 12:00am
Government to form aggressive policy for horticulture products' export

Government to form aggressive policy for horticulture products' export

The government has decided to formulate an aggressive policy for export of horticulture products during 2011 for which all possible support will be extended to Pakistan Horticulture Development and Export Company (PHDEC). This decision was taken at a meet
Published 31 Jan, 2011 12:00am
Government to form aggressive policy for horticulture products'' export

Government to form aggressive policy for horticulture products'' export

The government has decided to formulate an aggressive policy for export of horticulture products during 2011 for which all possible support will be extended to Pakistan Horticulture Development and Export Company (PHDEC). This decision was taken at a meet
Published 31 Jan, 2011 12:00am
Share market mixed

Share market mixed

The Karachi share market witnessed mixed trend during the week ended on January 29, 2011. Foreign investors' support continued with an inflow of $6.3 million, while local investors opted for profit taking before announcement of monetary policy.
Published 31 Jan, 2011 12:00am
Share market mixed

Share market mixed

The Karachi share market witnessed mixed trend during the week ended on January 29, 2011. Foreign investors' support continued with an inflow of $6.3 million, while local investors opted for profit taking before announcement of monetary policy.
Published 31 Jan, 2011 12:00am
Share market mixed

Share market mixed

The Karachi share market witnessed mixed trend during the week ended on January 29, 2011. Foreign investors'' support continued with an inflow of $6.3 million, while local investors opted for profit taking before announcement of monetary policy.
Published 31 Jan, 2011 12:00am
3.3 percent fall in futures open interest

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave
Published 31 Jan, 2011 12:00am
3.3 percent fall in futures open interest

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave
Published 31 Jan, 2011 12:00am
3.3 percent fall in futures open interest

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave
Published 31 Jan, 2011 12:00am
3.3 percent fall in futures open interest

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave
Published 31 Jan, 2011 12:00am
MONEY WEEK: SBP hawkish in tone but optimist in approach

MONEY WEEK: SBP hawkish in tone but optimist in approach

The snapshot of money expansion of the past six years shown on the first page of the latest Monetary Policy Statement clearly depicts how the pattern changed, once the government started borrowing heavily from banking system in FY08. The tale is dismal fo
Published 31 Jan, 2011 12:00am
MONEY WEEK: SBP hawkish in tone but optimist in approach

MONEY WEEK: SBP hawkish in tone but optimist in approach

The snapshot of money expansion of the past six years shown on the first page of the latest Monetary Policy Statement clearly depicts how the pattern changed, once the government started borrowing heavily from banking system in FY08. The tale is dismal fo
Published 31 Jan, 2011 12:00am
MONEY WEEK: SBP hawkish in tone but optimist in approach

MONEY WEEK: SBP hawkish in tone but optimist in approach

The snapshot of money expansion of the past six years shown on the first page of the latest Monetary Policy Statement clearly depicts how the pattern changed, once the government started borrowing heavily from banking system in FY08. The tale is dismal fo
Published 31 Jan, 2011 12:00am
Creation of more provinces will strengthen the country, says Altaf

Creation of more provinces will strengthen the country, says Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that his party wanted to bring a peaceful revolution through vote and would not hesitate to offer sacrifices, if needed. He said his party wanted to establish a system in the country, which meets
Published 31 Jan, 2011 12:00am
Creation of more provinces will strengthen the country, says Altaf

Creation of more provinces will strengthen the country, says Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that his party wanted to bring a peaceful revolution through vote and would not hesitate to offer sacrifices, if needed. He said his party wanted to establish a system in the country, which meets
Published 31 Jan, 2011 12:00am
House Speaker Boehner warns against US debt default

House Speaker Boehner warns against US debt default

US House of Representatives Speaker John Boehner on Sunday said that the United States must continue meeting its obligations to fund government debt or risk a global financial disaster.
Published 31 Jan, 2011 12:00am
House Speaker Boehner warns against US debt default

House Speaker Boehner warns against US debt default

US House of Representatives Speaker John Boehner on Sunday said that the United States must continue meeting its obligations to fund government debt or risk a global financial disaster.
Published 31 Jan, 2011 12:00am
House Speaker Boehner warns against US debt default

House Speaker Boehner warns against US debt default

US House of Representatives Speaker John Boehner on Sunday said that the United States must continue meeting its obligations to fund government debt or risk a global financial disaster.
Published 31 Jan, 2011 12:00am
Political stability vital for economic prosperity: Prime Minister

Political stability vital for economic prosperity: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the policy of reconciliation was aimed at bringing about political stability in the country, which was essential for economic stability. Talking to a delegation of Multan and Dera Ghazi Khan Chambers of
Published 31 Jan, 2011 12:00am
Political stability vital for economic prosperity: Prime Minister

Political stability vital for economic prosperity: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the policy of reconciliation was aimed at bringing about political stability in the country, which was essential for economic stability. Talking to a delegation of Multan and Dera Ghazi Khan Chambers of
Published 31 Jan, 2011 12:00am
Political stability vital for economic prosperity: Prime Minister

Political stability vital for economic prosperity: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the policy of reconciliation was aimed at bringing about political stability in the country, which was essential for economic stability. Talking to a delegation of Multan and Dera Ghazi Khan Chambers of
Published 31 Jan, 2011 12:00am
Bangladesh beggars to be 'paid a daily wage' during World Cup

Bangladesh beggars to be 'paid a daily wage' during World Cup

The mayor of Chittagong city in southern Bangladesh said Sunday that he would pay hundreds of beggars a daily wage to keep them off the streets during the cricket World Cup. Manzur Alam said that about 300 disabled beggars would be given 150 taka (two dol
Published 31 Jan, 2011 12:00am
Bangladesh beggars to be 'paid a daily wage' during World Cup

Bangladesh beggars to be 'paid a daily wage' during World Cup

The mayor of Chittagong city in southern Bangladesh said Sunday that he would pay hundreds of beggars a daily wage to keep them off the streets during the cricket World Cup. Manzur Alam said that about 300 disabled beggars would be given 150 taka (two dol
Published 31 Jan, 2011 12:00am
Sudanese police clash with students in Khartoum

Sudanese police clash with students in Khartoum

Sudanese police beat and arrested students on Sunday as protests broke out throughout Khartoum demanding the government resign, inspired by a popular uprising in neighbouring Egypt.
Published 31 Jan, 2011 12:00am
Sudanese police clash with students in Khartoum

Sudanese police clash with students in Khartoum

Sudanese police beat and arrested students on Sunday as protests broke out throughout Khartoum demanding the government resign, inspired by a popular uprising in neighbouring Egypt.
Published 31 Jan, 2011 12:00am
NH&MP begins drive against overloading

NH&MP begins drive against overloading

National High-ways & Motorway Police N-5 Central have started drive against over-loading. DIG Syed Ibne Hussain said this while inspecting road safety campaign and special patrolling on national highway here on Sunday.
Published 31 Jan, 2011 12:00am
Khosa presides over Ulema's meeting

Khosa presides over Ulema's meeting

Senior Advisor to Punjab Chief Minister Sardar Zulfiqar Ali Khan Khosa on Sunday presided over a meeting of prominent Ulema from all schools of thought and religious personalities held here under the aegis of Muttahida Ulema Board Punjab.
Published 31 Jan, 2011 12:00am
Hearts of people of Pakistan, J&K beat together: JKLL chief

Hearts of people of Pakistan, J&K beat together: JKLL chief

Hearts of the people of Pakistan and Jammu & Kashmir beat together. The Kashmir liberation movement is in full momentum in Jammu & Kashmir state and Kashmir Solidarity Day being observed across the country and AJK has always marked an impact on the libera
Published 31 Jan, 2011 12:00am
Upcoming rain spell to cast positive impact on crops

Upcoming rain spell to cast positive impact on crops

An expected moderate rain spell in the first week of February will bring positive impact on crops, especially in the Barani areas of the country. Talking to APP, Director General of Pakistan Meteorological Department (PMD) Arif Mehmood said that three rai
Published 31 Jan, 2011 12:00am
Three Nato oil tankers torched near Wadh area

Three Nato oil tankers torched near Wadh area

Unidentified armed men on Sunday attacked three oil tankers carrying fuel for Nato forces in Afghanistan near Wadh area of Khuzdar district and set them on fire. Local police official Juma Khan told media persons that the affected oil tankers were plying
Published 31 Jan, 2011 12:00am
Six militants killed near Afghan border

Six militants killed near Afghan border

Security forces killed six militants when they repulsed their attack on checkpost near Afghan border on Sunday, security forces official said. The militants fired six missiles at a security forces checkpost in Dabori area of upper Orakzai Agency. The secu
Published 31 Jan, 2011 12:00am
Nawaz postpones UK visit

Nawaz postpones UK visit

Pakistan Muslim League (N) Quaid Nawaz Sharif has postponed his foreign tour to UK in view of his engagements and present domestic evolving situation.
Published 31 Jan, 2011 12:00am
No deadlines in politics: Kaira

No deadlines in politics: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira said on Sunday that there is no concept of deadlines in politics, however, the reservations of Nawaz Sharif would be addressed and all matters would be resolved with political consensus.
Published 31 Jan, 2011 12:00am
PML-N demands inquiry into Rs 6 billion NPF fraud

PML-N demands inquiry into Rs 6 billion NPF fraud

Pakistan Muslim League (PML-N) on Sunday demanded judicial inquiry in Rs 6 billion alleged frauds in the National Police Foundation (NPF). Addressing a press conference, PML-N Leader Siddiqul Farooq also asked the NPF Chairman to constitute an inquiry tea
Published 31 Jan, 2011 12:00am
'Government won't be allowed to enhance POL prices'

'Government won't be allowed to enhance POL prices'

Pakistan Muslim League-N' central leader and Member National Assembly and an industrialist Mohammad Pervez Malik has said that the federal government should avoid increasing the prices of petrol and diesel, otherwise the tsunami of price hike would come i
Published 31 Jan, 2011 12:00am
Inspectors asked to continue drive against spurious drugs

Inspectors asked to continue drive against spurious drugs

The District Quality Control Board has recommended to refer 33 cases to drug court for trial against the medical stores and quacks involved in illegal act of selling spurious drugs had running clinics without qualified persons.
Published 31 Jan, 2011 12:00am
Lawyers' role in restoration of democracy lauded

Lawyers' role in restoration of democracy lauded

Prime Minister Syed Yousuf Raza Gilani said on Sunday that lawyers played very important role against a dictator and in restoration of democracy in the country.
Published 31 Jan, 2011 12:00am
Cold, dry weather forecast for today

Cold, dry weather forecast for today

The Meteorological department has forecast mainly cold and dry weather over most parts of the country for today (Monday). However, rain/snowfall over hills may occur at isolated places of Gilgit-Baltistan and Kashmir. Weather remained cold and dry in most
Published 31 Jan, 2011 12:00am
DCO inaugurates free food outlet in Faisalabad

DCO inaugurates free food outlet in Faisalabad

Under CM's Sasti Roti Programme, one more free food outlet has been started at Gates Wala Chowk Satiana road which was inaugurated by DCO Naseem Sadiq here on Saturday. This free food outlet has been arranged by local philanthropist chairman Pasban IT Gro
Published 31 Jan, 2011 12:00am
Punjab government promoting austerity in province: Shahbaz

Punjab government promoting austerity in province: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that development of resources can help achieve the goal of self-reliance and shed dependence on others for achieving a respectable status in the comity of nations.
Published 31 Jan, 2011 12:00am
Seminar on 'growing tendencies of intolerance' today

Seminar on 'growing tendencies of intolerance' today

Allama Iqbal Open University and International FM-96 Radio are jointly holding a one day seminar on the title "Role of Education Broadcasters in the Eradication of Growing Tendencies of Intolerance and Violence in the Society" on Monday at Auditorium of t
Published 31 Jan, 2011 12:00am
Palestinians say Cyprus backs state on 1967 lines

Palestinians say Cyprus backs state on 1967 lines

The Palestinian foreign minister said on Sunday that EU-member state Cyprus recognises a Palestinian state within the 1967 borders. Riyad al-Malki told AFP the move was "formalised" in a letter sent by Cyprus President Demetris Christofias to his Palestin
Published 31 Jan, 2011 12:00am
Deadly blast at Venezuela arms depot

Deadly blast at Venezuela arms depot

At least one person was killed and three others injured in northern Venezuela on Sunday when a series of powerful explosions shook an arms depot, officials said. The arsenal is located in the city of Maracay, in Aragua state. All residents living within f
Published 31 Jan, 2011 12:00am
Protests in India against government corruption

Protests in India against government corruption

Thousands of people marched through New Delhi and several other Indian cities on Sunday to protest against corruption in the country's government and state bodies. Public anger has grown over the long-standing issue of graft in India after a series of hig
Published 31 Jan, 2011 12:00am
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