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Archive - 2011-03-07
US national granted bail in Pakistan
Top News

US national granted bail in Pakistan

PESHAWAR: District and sessions court granted bail on Monday to a US citizen said to have been working for a private sec
Published 07 Mar, 2011 05:24pm
Malaysian palm oil at 2-week top
Asia

Malaysian palm oil at 2-week top

KUALA LUMPUR: Malaysian crude palm oil hit two-week highs before paring some gains on Monday, as traders hoped stronger
Published 07 Mar, 2011 05:09pm
LSE-25 sheds 12.68 points
Markets

LSE-25 sheds 12.68 points

LAHORE: The Lahore Stock Market on Monday witnessed a bearish trend as LSE-25 index dipped 12.68 points to close at 3647
Published 07 Mar, 2011 04:57pm
Rs 2 billion surge in NPLs of Agri loan
Top News

Rs 2 billion surge in NPLs of Agri loan

RIZWAN BHATTI KARACHI: Non-performing Loans (NPLs) of agricultural sector has surged by Rs 2.1 to Rs 34 billion durin
Published 07 Mar, 2011 04:54pm
Russia, Georgia to start WTO talks
Top News

Russia, Georgia to start WTO talks

TBILISI: Georgia will this week start formal talks on Russia's membership in the World Trade Organization, which it has
Published 07 Mar, 2011 12:11pm
Spanish home sales up, boost for economy
Top News

Spanish home sales up, boost for economy

MADRID: Spanish property sales climbed 5.9 percent in 2010 after three years of sharp declines in the collapse of the re
Published 07 Mar, 2011 10:14am
Bangladesh court resumes Yunus hearing
Top News

Bangladesh court resumes Yunus hearing

DHAKA: A court hearing into whether Bangladeshi Nobel laureate Muhammad Yunus was illegally sacked from his microfinance
Published 07 Mar, 2011 08:22am
China PM Wen to visit Japan in May
Top News

China PM Wen to visit Japan in May

BEIJING: China said Monday Premier Wen Jiabao would visit Japan in May to attend a summit with Japanese and South Korean
Published 07 Mar, 2011 08:14am
Paradigm shift at KSE?
BR Research

Paradigm shift at KSE?

KSE-100s performance last week had a strange similarity with Afridis World Cup 2011 squad: just when you expected the ground to cave in comp
Published 07 Mar, 2011 12:00am
Food prices: feared factor
BR Research

Food prices: feared factor

Many feared it - a repeat of the 2008-like riots in Egypt because of food prices. But no one would have imagined an uprising of such a gener
Published 07 Mar, 2011 12:00am
The caring bank
BR Research

The caring bank

Bank Alfalah treaded prudentially in CY10 and has posted annual profits of Rs 968 million, up 8 percent from CY09. The bottom-line growth in
Published 07 Mar, 2011 12:00am
Total sees launch of 12 top projects by 2012

Total sees launch of 12 top projects by 2012

Total plans to launch 12 large oil and gas projects over the next two years, the oil major said on March 03, noting its exploration budget may rise next year as it searches for more reserves. "We expect twelve major projects to be launched in 2011 and 201
Published 07 Mar, 2011 12:00am
UBS must target wealth management profit, not volume

UBS must target wealth management profit, not volume

For Swiss bank UBS, the days of easy margins earned from tax-evading clients are over and the new focus is on the wealthiest customers with the best profit potential. Analysts believe UBS should pull back from the scramble for assets currently obsessing o
Published 07 Mar, 2011 12:00am
S&P's downgrades Toyota

S&P's downgrades Toyota

Japanese auto giant Toyota suffered a fresh setback on March 04 when ratings agency Standard & Poor's said it had downgraded the carmaker to "AA-" from "AA" citing "weak profitability". The dropping of Toyota's long-term corporate credit and senior unsecu
Published 07 Mar, 2011 12:00am
Microsoft adds local bargains to Bing results

Microsoft adds local bargains to Bing results

Microsoft on March 3 added local bargains to results served up with mobile and desktop versions of its Bing Internet search engine in the United States.
Published 07 Mar, 2011 12:00am
Noxon's Internet radio serves as stereo building block

Noxon's Internet radio serves as stereo building block

Terratec's new Noxon A 540 Internet radio can double as part of a stereo. Enthusiasts can buy the radio in aluminium housing measuring 43 centimetres, the standard size of stereo components. The unit does not have its own loudspeakers, but comes with audi
Published 07 Mar, 2011 12:00am
Google expects to restore all Gmail accounts

Google expects to restore all Gmail accounts

Google said on February 28 that it expects to fully restore the Gmail accounts of users who saw their emails deleted from their inboxes over the weekend. "We hope to have everybody back by the end of the day," said Andrew Kovacs, a Google spokesman. "It i
Published 07 Mar, 2011 12:00am
A multimedia player that fits in your pocket

A multimedia player that fits in your pocket

French company Archos has introduced two new multimedia players with touchscreens. The 20b Vision doesn't just play multiple audio formats, but also MP4 videos on its 2-inch screen. The 30c version has a larger display and also plays flash videos in the F
Published 07 Mar, 2011 12:00am
HD satellite receiver comes with extra functions

HD satellite receiver comes with extra functions

A new HD satellite receiver from Xoro, the HRS 8520, not only receives DVS-S2 signals for digital HD television, but can also use its USB connection to record TV signals directly onto a USB stick or hard drive. Alternatively, the receiver can also play mu
Published 07 Mar, 2011 12:00am
An iPod wristwatch

An iPod wristwatch

Since the display of the new iPod Nano 6G can be set to look like an analog clock, the company Hama has opted to release the MP3 player as a wristwatch. The player is held in place with its built-in clip. The wristband is available in nylon for 12 euros (
Published 07 Mar, 2011 12:00am
Perfect make-up every time, thanks to computer

Perfect make-up every time, thanks to computer

Every woman's dream is to have her own personal make-up artist. That dream could soon be a reality with a computer that scans your face and suggests the perfect personalised make-up combination. The technology, showcased at CeBIT, the world's biggest high
Published 07 Mar, 2011 12:00am
Facebook revamps comments platform for websites

Facebook revamps comments platform for websites

Facebook is revamping a platform designed to power the frequently unruly comments space on websites. The Palo Alto, California, social networking giant unveiled an updated Comments Box plug-in on March 1 that websites can use to replace the system they cu
Published 07 Mar, 2011 12:00am
'Telepresence' robot

'Telepresence' robot

Many visitors walking around CeBIT, the world's biggest high-tech fair, have found themselves bumping into "Jazz", a "telepresence" robot also ambling around the vast expo. Created by French firm Gostai, "Jazz" is a shiny white humanoid robot that its mak
Published 07 Mar, 2011 12:00am
Mobile phones now becoming a target for cyber attacks

Mobile phones now becoming a target for cyber attacks

The potential hazards on the Internet are changing just as quickly as computer technology itself. It's the job of Germany's Federal Agency for Security in Information Technology (BSI) to promote better PC security. Agency boss Michael Hange is now concern
Published 07 Mar, 2011 12:00am
World's top tech fair opens under a cloud

World's top tech fair opens under a cloud

The world's biggest IT fair opened on March 23 amid concerns over the security of its featured technology - cloud computing - after some 150,000 Google email accounts vanished into the ether. The theme of this year's CeBIT expo in Hanover, northern German
Published 07 Mar, 2011 12:00am
Social platform Ning weaves in smartphone contacts

Social platform Ning weaves in smartphone contacts

Social website platform Ning on February 28 went mobile with iPhone, iPad, and iPod touch applications that weave lists of contacts into virtual cliques that people can take with them on the go. Free Mogwee software lets people exchange text messages, pho
Published 07 Mar, 2011 12:00am
SocialEyes lets Facebook friends video chat

SocialEyes lets Facebook friends video chat

Start-up SocialEyes on February 28 introduced a service that lets people have one-on-one or group video chats with friends from hot online community Facebook. A test version of SocialEyes made its debut in California at a DEMO conference for technology st
Published 07 Mar, 2011 12:00am
Buying things with your finger

Buying things with your finger

Always window-shopping but never stopping to buy? In the future you can do both with new technology allowing you to point through the window at items and buy them with a swish of your hand. The technology, already making a splash at the CeBIT, the world's
Published 07 Mar, 2011 12:00am
Mirza for optimum utilisation of police force

Mirza for optimum utilisation of police force

Special Branch and CID police force must be utilised at the optimum level to work with all the resources available and prevent acts of terrorism, said Sindh Home Minister Dr Zulfiqar Ali Mirza in his directives to the Inspector General of Police, Sindh Su
Published 07 Mar, 2011 12:00am
Cold, cloudy weather forecast

Cold, cloudy weather forecast

The met office has forecast a partly cloudy and cold weather for the city during the next 24 hours with the maximum temperature expected to range between 11 degrees centigrade and 13C. Partly cold weather has been forecast for the rest of the region. On S
Published 07 Mar, 2011 12:00am
Mouth cancer spreading among fishermen, children

Mouth cancer spreading among fishermen, children

Mouth cancers are spreading widely in fishermen localities of Karachi due to chew of the Gutka, a local made, a form of tobacco, consists of betel nuts, lime water, opium, different kinds of tobacco, flavour of sweetener, and peppermint, etc.
Published 07 Mar, 2011 12:00am
PPP denies victimisation to MPA

PPP denies victimisation to MPA

Pakistan Peoples Party has dispelled the impression created in a section of press that a Pakistan Muslim League (Quaid-e-Azam) member of Sindh provincial assembly Ram Singh Sodho migrated to India due to any sort of victimisation.
Published 07 Mar, 2011 12:00am
Extreme winter weather linked to climate change

Extreme winter weather linked to climate change

This winter's heavy snowfalls and other extreme storms could well be related to increased moisture in the air due to global climate change, a panel of scientists said on March 01.
Published 07 Mar, 2011 12:00am
Smoking, couch-potato lifestyles boost cancer risks

Smoking, couch-potato lifestyles boost cancer risks

Two studies released on March 02 highlighted the risks and benefits of lifestyle choices in combating cancer, showing the dangers of smoking for post-menopausal women and exercise's protective effect on the bowel.
Published 07 Mar, 2011 12:00am
'Don't worry, be happy and live longer'

'Don't worry, be happy and live longer'

Today's lesson: be happy, live longer. Now science seems to back the glass half-full approach. A review of more than 160 studies on the connection between a positive state of mind and overall health and longevity has found "clear and compelling evidence"
Published 07 Mar, 2011 12:00am
Gallstones and earlier death linked

Gallstones and earlier death linked

People who have gallstones are more likely to die within 20 years of diagnosis than people without the disease, a new study says. Gallstones sufferers are also more likely to die from heart disease or cancer, said the study published in the journal Gastro
Published 07 Mar, 2011 12:00am
Scientists make transgenic fungus to fight malaria

Scientists make transgenic fungus to fight malaria

Using genetically modified fungi to infect mosquitoes that harbour malaria parasites could be an effective way to control the spread of malaria, researchers said on March 03. Scientists from Britain and the United States inserted the genes of human antibo
Published 07 Mar, 2011 12:00am
Air pollution can reduce life by almost two years

Air pollution can reduce life by almost two years

Curbing air pollution in major European cities could save 19,000 lives per year, add almost two years to local life expectancy and save 31.5 billion euros (43.4 billion dollars) in health costs and work absenteeism, an EU-funded study said on March 02.
Published 07 Mar, 2011 12:00am
Higher education, lower BP: study

Higher education, lower BP: study

The more advanced degrees a person has, the lower their blood pressure, a study published online found. An analysis of some 4,000 patient records from the 30-year Framingham Offspring Study found that, controlling only for age, women with 17 years or more
Published 07 Mar, 2011 12:00am
H1N1 and bird flu virus produce dangerous hybrids

H1N1 and bird flu virus produce dangerous hybrids

The H1N1 swine flu virus is compatible with a bird flu virus that is endemic in poultry in Asia and they can produce hybrid viruses packed with greater killing power, Chinese researchers warned.
Published 07 Mar, 2011 12:00am
Kenya arrests six al Shabaab fighters

Kenya arrests six al Shabaab fighters

Kenyan police have arrested six suspected fighters from Somalia's al Shabaab rebel group in Mandera on the Kenyan side of the border with Somalia, a police source said on Sunday. The dusty border town, which sits close to Ethiopia as well, was thrust into
Published 07 Mar, 2011 12:00am
Haidri announces disassociation with PML-N

Haidri announces disassociation with PML-N

Shabbir Ahmed Haidri, Vice President of Pakistan Muslim League-Nawaz, Hyderabad in an address to the press club here, has expressed dissatisfaction over the 'hopeless policies' of PML-N chief, Nawaz Sharif and announced his dissociation from the party aft
Published 07 Mar, 2011 12:00am
Prime Minister condoles death of Amin Khattak

Prime Minister condoles death of Amin Khattak

Prime Minister Syed Yousuf Raza Gilani has expressed his deep grief and sorrow over the death of Amin Khattak, Secretary General, Awami National Party (ANP). In his condolence message to his family, the Prime Minister praised the services of Amin Khattak
Published 07 Mar, 2011 12:00am
Gilani for equal opportunities to Baloch youth

Gilani for equal opportunities to Baloch youth

Prime Minister Syed Yousuf Raza Gilani has said that supremacy of constitution and rule of law are essential to bring about socio-economic stability in the country and improve common man's plight.
Published 07 Mar, 2011 12:00am
Hailey College of Commerce celebrates 85th Founder's Day

Hailey College of Commerce celebrates 85th Founder's Day

Punjab University Hailey College of Commerce on Sunday organised a graceful ceremony in connection with its 85th Founder's Day at the Hailey College of Commerce. Former Federal Finance Minister Sartaj Aziz was the chief guest while Vice Chancellor Punjab
Published 07 Mar, 2011 12:00am
Rally condemns Bhatti's killing

Rally condemns Bhatti's killing

Christians of Multan on Sunday organised a big rally after services in St. Merry church, which concluded at Multan press club to condemn the assassination of Shahbaz Bhatti federal minister for minorities affairs. The rally was led by Chief of Pakistan De
Published 07 Mar, 2011 12:00am
Blast kills six in Iraqi city Basra

Blast kills six in Iraqi city Basra

A roadside bomb targeting a US military convoy exploded near a civilian bus in the southern oil hub of Basra on Sunday, killing six people and wounding a dozen others, provincial officials said. The bomb went off near a prison in the al-Maaqal district of
Published 07 Mar, 2011 12:00am
Egypt revolt gave us back our lives: Hamas chief

Egypt revolt gave us back our lives: Hamas chief

Exiled Hamas chief Khaled Meshaal hailed the sweeping political changes in Egypt, which he said had given the Palestinian people their lives back, in a speech in Khartoum on Sunday.
Published 07 Mar, 2011 12:00am
India's Congress aims to shore up government after ally quits

India's Congress aims to shore up government after ally quits

India's Congress party moved to shore up its ruling coalition on Sunday after a key partner said its ministers will formally quit the cabinet on Monday, the latest setback for a government beset by corruption scandals.
Published 07 Mar, 2011 12:00am
Tax collections during July-February

Tax collections during July-February

Tax collection record of the country continues to be poor. According to latest data, Federal Board of Revenue (FBR) was able to collect Rs 873.8 billion during the first eight months of the current fiscal (July-February, 2011) as compared to Rs 791.4 bill
Published 07 Mar, 2011 12:00am
Emerging realism in US policy

Emerging realism in US policy

The United States Secretary of State Hillary Clinton has urged the US lawmakers to desist from cutting aid to Pakistan, underscoring the point that a strong bilateral relationship is essential to their country's strategic interests in that region.
Published 07 Mar, 2011 12:00am
Two issues rocking Pakistan!

Two issues rocking Pakistan!

Pakistani political pundits are almost exclusively engaged in discussing two events threadbare these days: the Raymond Davis case and whether Pakistan is susceptible to the same protest movements as those witnessed in North Africa and the Middle East.
Published 07 Mar, 2011 12:00am
Fuel prices and economic choices

Fuel prices and economic choices

We are living in interesting times, things changing so fast. Change is the basic fact of life. Those who embrace it, win the battles of life. Those who avoid it, lose. Today, economic landscape is changing at ever increasing speed. It brings fear to those
Published 07 Mar, 2011 12:00am
Special US prison units fill with Muslims

Special US prison units fill with Muslims

US federal prisons for the past three years have housed special units filled disproportionately with Muslim inmates whose every communication with the outside world is strictly monitored.
Published 07 Mar, 2011 12:00am
Remarkable 'paradigm shift'!

Remarkable 'paradigm shift'!

A magnificent revolution is sweeping across the Arab world against the despotic, autocratic, dictatorial, monarchist, self-serving and corrupt rulers who had brutally subjugated their people for decades. This is truly a historic moment in the history of M
Published 07 Mar, 2011 12:00am
Bid to smuggle ammunition foiled

Bid to smuggle ammunition foiled

The security forces foiled a bid to smuggle ammunition from Afghanistan to Pakistan. "Unknown men has hided a cache of ammunition in a stream in town, Qamardin Karez near Pak-Afghan border in order to smuggle it to Pakistan," official sources said on Sund
Published 07 Mar, 2011 12:00am
'Pakistan, Turkey have strong, historical relations'

'Pakistan, Turkey have strong, historical relations'

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti said on Sunday that Pak-Turk relations have become stronger and stable with the passage of time and the two countries are linked in the relations of history, culture and religion.
Published 07 Mar, 2011 12:00am
Seerat conference commencing today

Seerat conference commencing today

The organisation "Voice of Islam-Pakistan" will hold a three-day international Seerat conference, here from Monday, to highlight different aspects of the life of Hazrat Muhammad (Peace Be Upon Him) in view of the problems being faced by the Ummah.
Published 07 Mar, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 28 to March 5, 2011)

Published 07 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (February 27, 2011) and the forecast for Monday (February 28, 2011).

Published 07 Mar, 2011 12:00am
Karzai tells Petraeus apology 'not enough'

Karzai tells Petraeus apology 'not enough'

Afghan President Hamid Karzai on Sunday told US General David Petraeus, the commander of international troops, that his apology after nine children died in a Nato air strike was "not enough". Hundreds of angry demonstrators also rallied in central Kabul o
Published 07 Mar, 2011 12:00am
Karzai tells Petraeus apology 'not enough'

Karzai tells Petraeus apology 'not enough'

Afghan President Hamid Karzai on Sunday told US General David Petraeus, the commander of international troops, that his apology after nine children died in a Nato air strike was "not enough". Hundreds of angry demonstrators also rallied in central Kabul o
Published 07 Mar, 2011 12:00am
Killing of Bhatti must spur action: Pope

Killing of Bhatti must spur action: Pope

Pope Benedict XVI is praying that the assassination of Pakistan's sole Christian minister last week will spur efforts to safeguard religious freedom for all people. Benedict had met at the Vatican last year with Shahbaz Bhatti, minority affairs minister.
Published 07 Mar, 2011 12:00am
Killing of Bhatti must spur action: Pope

Killing of Bhatti must spur action: Pope

Pope Benedict XVI is praying that the assassination of Pakistan's sole Christian minister last week will spur efforts to safeguard religious freedom for all people. Benedict had met at the Vatican last year with Shahbaz Bhatti, minority affairs minister.
Published 07 Mar, 2011 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee moved both ways against the dollar on the currency market during the week, ended on 5 February, 2011. On the inter-bank market, the rupee gained 25-paisa in relation to the greenback for buying and selling at Rs 85.40 and Rs 85.45.
Published 07 Mar, 2011 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee moved both ways against the dollar on the currency market during the week, ended on 5 February, 2011. On the inter-bank market, the rupee gained 25-paisa in relation to the greenback for buying and selling at Rs 85.40 and Rs 85.45.
Published 07 Mar, 2011 12:00am
Economic situation: near-collapse averted, IMF told

Economic situation: near-collapse averted, IMF told

As Pakistan enter into the policy level dialogue with the International Monetary Fund (IMF) in the federal capital Islamabad, the official team is said to have informed the visiting team during the technical level discussions that the government with bett
Published 07 Mar, 2011 12:00am
Economic situation: near-collapse averted, IMF told

Economic situation: near-collapse averted, IMF told

As Pakistan enter into the policy level dialogue with the International Monetary Fund (IMF) in the federal capital Islamabad, the official team is said to have informed the visiting team during the technical level discussions that the government with bett
Published 07 Mar, 2011 12:00am
Economic situation: near-collapse averted, IMF told

Economic situation: near-collapse averted, IMF told

As Pakistan enter into the policy level dialogue with the International Monetary Fund (IMF) in the federal capital Islamabad, the official team is said to have informed the visiting team during the technical level discussions that the government with bett
Published 07 Mar, 2011 12:00am
Fund assured of taking corrective revenue steps

Fund assured of taking corrective revenue steps

The government has assured the International Monitory Fund's (IMF) team of taking revenue measures including imposition of 15 percent flood surcharge and 1.5 percent additional special excise duty (SED). Sources said during the technical level talks, offi
Published 07 Mar, 2011 12:00am
Fund assured of taking corrective revenue steps

Fund assured of taking corrective revenue steps

The government has assured the International Monitory Fund's (IMF) team of taking revenue measures including imposition of 15 percent flood surcharge and 1.5 percent additional special excise duty (SED). Sources said during the technical level talks, offi
Published 07 Mar, 2011 12:00am
Fund assured of taking corrective revenue steps

Fund assured of taking corrective revenue steps

The government has assured the International Monitory Fund''s (IMF) team of taking revenue measures including imposition of 15 percent flood surcharge and 1.5 percent additional special excise duty (SED). Sources said during the technical level talks, off
Published 07 Mar, 2011 12:00am
Hafeez briefs Grossman about state of economy

Hafeez briefs Grossman about state of economy

The newly accredited US Special Representative to Pakistan and Afghanistan Marc Grossman, who is visiting Pakistan, called on Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh here on Sunday. During the meeting, the Federal Minister
Published 07 Mar, 2011 12:00am
Hafeez briefs Grossman about state of economy

Hafeez briefs Grossman about state of economy

The newly accredited US Special Representative to Pakistan and Afghanistan Marc Grossman, who is visiting Pakistan, called on Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh here on Sunday. During the meeting, the Federal Minister
Published 07 Mar, 2011 12:00am
Hafeez briefs Grossman about state of economy

Hafeez briefs Grossman about state of economy

The newly accredited US Special Representative to Pakistan and Afghanistan Marc Grossman, who is visiting Pakistan, called on Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh here on Sunday. During the meeting, the Federal Minister
Published 07 Mar, 2011 12:00am
NOC issued to Petronas for winding up operations

NOC issued to Petronas for winding up operations

Ministry of Petroleum (MoP) has issued No-Objection Certificate (NOC) to Malaysian oil and gas Exploration Company Petronas to wind up operations in Pakistan, Business Recorder has learnt. "Petronas is now seeking permission to continue operations
Published 07 Mar, 2011 12:00am
NOC issued to Petronas for winding up operations

NOC issued to Petronas for winding up operations

Ministry of Petroleum (MoP) has issued No-Objection Certificate (NOC) to Malaysian oil and gas Exploration Company Petronas to wind up operations in Pakistan, Business Recorder has learnt. "Petronas is now seeking permission to continue operations
Published 07 Mar, 2011 12:00am
NOC issued to Petronas for winding up operations

NOC issued to Petronas for winding up operations

Ministry of Petroleum (MoP) has issued No-Objection Certificate (NOC) to Malaysian oil and gas Exploration Company Petronas to wind up operations in Pakistan, Business Recorder has learnt. "Petronas is now seeking permission to continue operations
Published 07 Mar, 2011 12:00am
Gaddafi launches counter-offensive on Libya rebels

Gaddafi launches counter-offensive on Libya rebels

Troops loyal to Muammar Gaddafi launched counter-offensives against rebel-held towns on Sunday, increasing fears that Libya is heading for a protracted civil war rather than the swift revolutions seen in Tunisia and Egypt.
Published 07 Mar, 2011 12:00am
Gaddafi launches counter-offensive on Libya rebels

Gaddafi launches counter-offensive on Libya rebels

Troops loyal to Muammar Gaddafi launched counter-offensives against rebel-held towns on Sunday, increasing fears that Libya is heading for a protracted civil war rather than the swift revolutions seen in Tunisia and Egypt.
Published 07 Mar, 2011 12:00am
Saudi Arabia clerics slam protest calls

Saudi Arabia clerics slam protest calls

Saudi Arabia's top clerics condemned Sunday as un-Islamic calls for demonstrations and petitions demanding reforms in the desert kingdom, a day after authorities warned against protests. The Council of Senior Scholars charged that "reform and advice do no
Published 07 Mar, 2011 12:00am
Saudi Arabia clerics slam protest calls

Saudi Arabia clerics slam protest calls

Saudi Arabia's top clerics condemned Sunday as un-Islamic calls for demonstrations and petitions demanding reforms in the desert kingdom, a day after authorities warned against protests. The Council of Senior Scholars charged that "reform and advice do no
Published 07 Mar, 2011 12:00am
125,000 metric tons of urea: SABIC assures supply during March

125,000 metric tons of urea: SABIC assures supply during March

Saudi Basic Industries Corporation (SABIC) has assured supply of 125,000 metric tons urea under the 100 million dollar credit facility during this month and first consignment is expected to reach Gwadar sea port on March 15, 2011.
Published 07 Mar, 2011 12:00am
125,000 metric tons of urea: SABIC assures supply during March

125,000 metric tons of urea: SABIC assures supply during March

Saudi Basic Industries Corporation (SABIC) has assured supply of 125,000 metric tons urea under the 100 million dollar credit facility during this month and first consignment is expected to reach Gwadar sea port on March 15, 2011.
Published 07 Mar, 2011 12:00am
125,000 metric tons of urea: SABIC assures supply during March

125,000 metric tons of urea: SABIC assures supply during March

Saudi Basic Industries Corporation (SABIC) has assured supply of 125,000 metric tons urea under the 100 million dollar credit facility during this month and first consignment is expected to reach Gwadar sea port on March 15, 2011.
Published 07 Mar, 2011 12:00am
Shut-down industrial units: provinces asked to provide details

Shut-down industrial units: provinces asked to provide details

Hundreds of industrial units have shut down during 2010-11 across the country due to load shedding, high cost of borrowing, law and order situation, outstanding liabilities to commercial banks and ongoing global recession, official sources in Ministry of
Published 07 Mar, 2011 12:00am
Shut-down industrial units: provinces asked to provide details

Shut-down industrial units: provinces asked to provide details

Hundreds of industrial units have shut down during 2010-11 across the country due to load shedding, high cost of borrowing, law and order situation, outstanding liabilities to commercial banks and ongoing global recession, official sources in Ministry of
Published 07 Mar, 2011 12:00am
Shut-down industrial units: provinces asked to provide details

Shut-down industrial units: provinces asked to provide details

Hundreds of industrial units have shut down during 2010-11 across the country due to load shedding, high cost of borrowing, law and order situation, outstanding liabilities to commercial banks and ongoing global recession, official sources in Ministry of
Published 07 Mar, 2011 12:00am
Bullish trend witnessed

Bullish trend witnessed

Bullish trend was witnessed at the Karachi share market during the outgoing week ended March 04, 2011 in the expectation of early implementation of leverage product. The KSE-100 index surged by 776.51 points (6.9 percent) on week-on-week basis and closed
Published 07 Mar, 2011 12:00am
Bullish trend witnessed

Bullish trend witnessed

Bullish trend was witnessed at the Karachi share market during the outgoing week ended March 04, 2011 in the expectation of early implementation of leverage product. The KSE-100 index surged by 776.51 points (6.9 percent) on week-on-week basis and closed
Published 07 Mar, 2011 12:00am
Bullish trend witnessed

Bullish trend witnessed

Bullish trend was witnessed at the Karachi share market during the outgoing week ended March 04, 2011 in the expectation of early implementation of leverage product. The KSE-100 index surged by 776.51 points (6.9 percent) on week-on-week basis and closed
Published 07 Mar, 2011 12:00am
Futures open interest declined by 12.9 percent

Futures open interest declined by 12.9 percent

Total open interest position at the futures counter declined by 12.9 percent, on week-on-week basis, to Rs 1,337 million. On the other hand, the futures spreads went down by 806bps on week-on-week basis to 11.1 percent.
Published 07 Mar, 2011 12:00am
Futures open interest declined by 12.9 percent

Futures open interest declined by 12.9 percent

Total open interest position at the futures counter declined by 12.9 percent, on week-on-week basis, to Rs 1,337 million. On the other hand, the futures spreads went down by 806bps on week-on-week basis to 11.1 percent.
Published 07 Mar, 2011 12:00am
Futures open interest declined by 12.9 percent

Futures open interest declined by 12.9 percent

Total open interest position at the futures counter declined by 12.9 percent, on week-on-week basis, to Rs 1,337 million. On the other hand, the futures spreads went down by 806bps on week-on-week basis to 11.1 percent.
Published 07 Mar, 2011 12:00am
Futures open interest declined by 12.9 percent

Futures open interest declined by 12.9 percent

Total open interest position at the futures counter declined by 12.9 percent, on week-on-week basis, to Rs 1,337 million. On the other hand, the futures spreads went down by 806bps on week-on-week basis to 11.1 percent.
Published 07 Mar, 2011 12:00am
Online verification of import documents: FBR, SBP working on EDI

Online verification of import documents: FBR, SBP working on EDI

The Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) are working on a new system, ie, Electronic Data Interchange (EDI) between banks and customs department for online verification of import documents including Letters of Credit (LCs) e
Published 07 Mar, 2011 12:00am
Online verification of import documents: FBR, SBP working on EDI

Online verification of import documents: FBR, SBP working on EDI

The Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) are working on a new system, ie, Electronic Data Interchange (EDI) between banks and customs department for online verification of import documents including Letters of Credit (LCs) e
Published 07 Mar, 2011 12:00am
Online verification of import documents: FBR, SBP working on EDI

Online verification of import documents: FBR, SBP working on EDI

The Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) are working on a new system, ie, Electronic Data Interchange (EDI) between banks and customs department for online verification of import documents including Letters of Credit (LCs) e
Published 07 Mar, 2011 12:00am
Shah Mehmood is future Prime Minister, says Pagara

Shah Mehmood is future Prime Minister, says Pagara

Pakistan Muslim League-Functional Chief Pir Pagara on Sunday said that possibility of a movement, once launched by the Pakistan National Alliance, was there, but it would be led by religious leaders.
Published 07 Mar, 2011 12:00am
MQM threatens to quit Sindh government: PAC is PPP's wing: Mirza

MQM threatens to quit Sindh government: PAC is PPP's wing: Mirza

Sindh Home Minister, Dr Zulfiqar Mirza on Sunday declared People's Amn Committee (PAC) as Pakistan People's Party's (PPP) wing, saying "if all members of PAC are criminals then I am too," Aaj News reported. The Muttahida Qaumi Movement (MQM) strongly reac
Published 07 Mar, 2011 12:00am
MQM threatens to quit Sindh government: PAC is PPP's wing: Mirza

MQM threatens to quit Sindh government: PAC is PPP's wing: Mirza

Sindh Home Minister, Dr Zulfiqar Mirza on Sunday declared People's Amn Committee (PAC) as Pakistan People's Party's (PPP) wing, saying "if all members of PAC are criminals then I am too," Aaj News reported. The Muttahida Qaumi Movement (MQM) strongly reac
Published 07 Mar, 2011 12:00am
Amin Khattak passes away

Amin Khattak passes away

A veteran leader of Awami National Party (ANP) Sindh, Amin Khattak, passed away at a local hospital on Sunday after suffering heart attack. "Amin Khattak was taken to Liaquat National Hospital at around 1 pm after he complained of chest pain," said a spok
Published 07 Mar, 2011 12:00am
Amin Khattak passes away

Amin Khattak passes away

A veteran leader of Awami National Party (ANP) Sindh, Amin Khattak, passed away at a local hospital on Sunday after suffering heart attack. "Amin Khattak was taken to Liaquat National Hospital at around 1 pm after he complained of chest pain," said a spok
Published 07 Mar, 2011 12:00am
Pakistan to begin mango exports to US this year

Pakistan to begin mango exports to US this year

Pakistan will start exporting mangoes to the United States, for the first time, from May this year. The US market which hitherto had been dominated by India in the export of mango, in all possibility, will be taken over by Pakistan as the quality of fruit
Published 07 Mar, 2011 12:00am
Pakistan to begin mango exports to US this year

Pakistan to begin mango exports to US this year

Pakistan will start exporting mangoes to the United States, for the first time, from May this year. The US market which hitherto had been dominated by India in the export of mango, in all possibility, will be taken over by Pakistan as the quality of fruit
Published 07 Mar, 2011 12:00am
Pakistan to begin mango exports to US this year

Pakistan to begin mango exports to US this year

Pakistan will start exporting mangoes to the United States, for the first time, from May this year. The US market which hitherto had been dominated by India in the export of mango, in all possibility, will be taken over by Pakistan as the quality of fruit
Published 07 Mar, 2011 12:00am
Turkish team to discuss rental power project

Turkish team to discuss rental power project

A high level meeting is being held here on Monday (today) to sort out the issues related to first 232 Megawatt rental power project to be linked to KESC's power distribution system.
Published 07 Mar, 2011 12:00am
Turkish team to discuss rental power project

Turkish team to discuss rental power project

A high level meeting is being held here on Monday (today) to sort out the issues related to first 232 Megawatt rental power project to be linked to KESC's power distribution system.
Published 07 Mar, 2011 12:00am
Turkish team to discuss rental power project

Turkish team to discuss rental power project

A high level meeting is being held here on Monday (today) to sort out the issues related to first 232 Megawatt rental power project to be linked to KESC''s power distribution system.
Published 07 Mar, 2011 12:00am
Prime Minister says only parliament can rewrite constitution

Prime Minister says only parliament can rewrite constitution

Prime Minister Syed Yousuf Raza Gilani said no institution other than parliament can rewrite the constitution. "The Constitution clearly determines the role of all state institutions which work within their ambit and are bound to follow the Constitution,"
Published 07 Mar, 2011 12:00am
Prime Minister says only parliament can rewrite constitution

Prime Minister says only parliament can rewrite constitution

Prime Minister Syed Yousuf Raza Gilani said no institution other than parliament can rewrite the constitution. "The Constitution clearly determines the role of all state institutions which work within their ambit and are bound to follow the Constitution,"
Published 07 Mar, 2011 12:00am
Illegal contractual appointments: OGDCL employees to go on strike today

Illegal contractual appointments: OGDCL employees to go on strike today

The Oil and Gas Development Company Limited (OGDCL) regular employees will go on hunger strike today (Monday) after the company management refuses to sack officials, whose appointments were made in violation of rules and regulations, Business Recorder
Published 07 Mar, 2011 12:00am
Illegal contractual appointments: OGDCL employees to go on strike today

Illegal contractual appointments: OGDCL employees to go on strike today

The Oil and Gas Development Company Limited (OGDCL) regular employees will go on hunger strike today (Monday) after the company management refuses to sack officials, whose appointments were made in violation of rules and regulations, Business Recorder
Published 07 Mar, 2011 12:00am
Illegal contractual appointments: OGDCL employees to go on strike today

Illegal contractual appointments: OGDCL employees to go on strike today

The Oil and Gas Development Company Limited (OGDCL) regular employees will go on hunger strike today (Monday) after the company management refuses to sack officials, whose appointments were made in violation of rules and regulations, Business Recorder
Published 07 Mar, 2011 12:00am
Gunman fires at Qatari consul's car

Gunman fires at Qatari consul's car

A gunman opened fire on a car carrying Qatar's consul and two other Gulf diplomats in an apparent robbery attempt, but no injuries were reported, Qatar's state-run news agency said Sunday. Police confirmed an attempted robbery on a Qatari mission vehicle
Published 07 Mar, 2011 12:00am
Gunman fires at Qatari consul's car

Gunman fires at Qatari consul's car

A gunman opened fire on a car carrying Qatar's consul and two other Gulf diplomats in an apparent robbery attempt, but no injuries were reported, Qatar's state-run news agency said Sunday. Police confirmed an attempted robbery on a Qatari mission vehicle
Published 07 Mar, 2011 12:00am
Tajik President due today

Tajik President due today

Tajik Presid-ent Emomali Rahman will arrive here on Monday (today) on a three-day state visit to hold talks with the Pakistani leadership to further strengthen bilateral ties and explore new avenues of co-operation.
Published 07 Mar, 2011 12:00am
Tajik President due today

Tajik President due today

Tajik Presid-ent Emomali Rahman will arrive here on Monday (today) on a three-day state visit to hold talks with the Pakistani leadership to further strengthen bilateral ties and explore new avenues of co-operation.
Published 07 Mar, 2011 12:00am
National anti-polio campaign begins today

National anti-polio campaign begins today

A three-day national immunisation campaign against polio starts today in Punjab. Health Department has constituted more than 38 thousands vaccination teams which would visit door-to-door for administrating polio vaccine drops to the children. Polio drops
Published 07 Mar, 2011 12:00am
Two children among three burnt alive

Two children among three burnt alive

Three persons including two children were burnt alive by some unknown men in Chak Mooney on Jhumra-Chiniot road, here Sunday night. Muhammad Yar and his family members were sleeping in a hut when some unknown persons set it on fire. Resultantly, his wife,
Published 07 Mar, 2011 12:00am
US agencies involved in suicide attacks: Munawar Hasan

US agencies involved in suicide attacks: Munawar Hasan

The Jamaat e Islami chief, Syed Munawar Hasan, has said the US agencies were causing suicide attacks through hired people and the CIA and Black Water were involved in terrorism and subversive activities in the country. He has exhorted the army to stop mil
Published 07 Mar, 2011 12:00am
Three killed, three injured in firing incidents

Three killed, three injured in firing incidents

Three people were killed and another three injured in different shooting incidents in various parts of city, Chippa sources said on Sunday. One, Bashir, 60, was killed when some unknown armed persons fired multiple shots on him in Defence Phase 2 area. As
Published 07 Mar, 2011 12:00am
Conference on 'Value Addition, Innovation in Textiles' on March 14

Conference on 'Value Addition, Innovation in Textiles' on March 14

The National Textile University (NTU) Faisalabad will hold the first international conference on March 14 and 15 on the topic of "Value Addition and Innovation in Textiles" in collaboration with Marmara University, Istanbul (Turkey), University of Boltan
Published 07 Mar, 2011 12:00am
First phase of Punjab Institute of Neuroscience to be completed by June

First phase of Punjab Institute of Neuroscience to be completed by June

Chairman, Board of Management Post-Graduate Medical Institute, Qazi Humayon Fareed, has said that the 1st phase of 500 bedded Punjab Institute of Neuroscience, General Hospital Lahore would be completed by the end of June 2011 and it would be a state of t
Published 07 Mar, 2011 12:00am
Man chops off legs of wife, paramour

Man chops off legs of wife, paramour

Muhammad Farooq chopped off the legs of his wife Saima and her paramour Shahbaz Ahmed in village No 43/15-L (Mian Chunnu) with a sharp hatchet on Saturday. Later, he appeared before tthe police and courted arrest Farooq said that on Saturday night, in his
Published 07 Mar, 2011 12:00am
'Aashiyana' a revolutionary project: Chief Minister Punjab

'Aashiyana' a revolutionary project: Chief Minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting here on Sunday, which reviewed the pace of progress of low-cost housing scheme, Aashiyana. Member Provincial Assembly and Chairman Punjab Land Development Company, Sh. Allaudin and offi
Published 07 Mar, 2011 12:00am
Chief minister Punjab meets MPAs

Chief minister Punjab meets MPAs

Punjab Chief Minister Muhammad Shahbaz Sharif here on Sunday met the assembly legislators and stated that Pakistan was facing serious challenges and there was a greater need for tolerance, brotherhood and unity. He impressed upon for collective efforts fo
Published 07 Mar, 2011 12:00am
Three charred bodies found in a house

Three charred bodies found in a house

Local police found three charred bodies in a house in a nearby village on Sunday. On receiving information, Saddar police reached the site and found three bodies in one room of a house in chak 15-JB, some 50 kms from here. The police shifted the bodies, t
Published 07 Mar, 2011 12:00am
Religious parties seek promotion of peace for country's prosperity

Religious parties seek promotion of peace for country's prosperity

Leaders of the main religious parties in separate meetings have said that the religious parties are against terrorism and want peace for prosperity of the country. Addressing the party workers here on Sunday Amir Jamiat Ulema-e-Islam Maulana Fazl-ur-Rehma
Published 07 Mar, 2011 12:00am
Lawmaker sees threat from radicalised US Muslims

Lawmaker sees threat from radicalised US Muslims

The chairman of the US House of Representatives Homeland Security Committee said on Sunday he saw a security threat from organised al Qaeda efforts to radicalise American Muslims.
Published 07 Mar, 2011 12:00am
Japan Foreign Minister quits in fresh blow to Prime Minister

Japan Foreign Minister quits in fresh blow to Prime Minister

Japanese Foreign Minister Seiji Maehara resigned on Sunday to take responsibility for accepting donations from a foreign national, adding to unpopular Prime Minister Naoto Kan's troubles as he battles to keep his own job.
Published 07 Mar, 2011 12:00am
NASA scientist claim of 'alien life' draws scrutiny

NASA scientist claim of 'alien life' draws scrutiny

A NASA scientist's claim that he found tiny fossils of alien life in the remnants of a meteorite has stirred both excitement and skepticism, and is being closely reviewed by 100 experts.
Published 07 Mar, 2011 12:00am
Egypt Prime Minister names first post-Mubarak Cabinet

Egypt Prime Minister names first post-Mubarak Cabinet

Egypt's prime minister-designate has named a caretaker Cabinet to help lead the country through reforms and toward free elections after the uprising that ousted President Hosni Mubarak. The changes include new faces in the key ministries of foreign affair
Published 07 Mar, 2011 12:00am
Protesters attacked near Cairo security headquarters

Protesters attacked near Cairo security headquarters

Armed civilians attacked hundreds of Egyptian protesters outside the state security headquarters in Cairo on Sunday, as the army fired warning shots and used sticks to disperse the crowd, witnesses said.
Published 07 Mar, 2011 12:00am
Yemeni opposition vows to intensify protests

Yemeni opposition vows to intensify protests

Yemen's opposition movement vowed on Sunday to intensify protests against the regime of President Ali Abdullah Saleh, after the embattled leader refused to resign by the end of the year. With violence gripping the strategic US ally on multiple fronts, the
Published 07 Mar, 2011 12:00am
South Sudan sets conditions for north debt help

South Sudan sets conditions for north debt help

South Sudan will help the north get relief on around $38 billion in debt, as long as the north "co-operates" on a border dispute and other issues in the countdown to the country's split, a southern official said.
Published 07 Mar, 2011 12:00am
Bahrain promises government jobs, protests continue

Bahrain promises government jobs, protests continue

Plans by Bahrain to create 20,000 jobs in its security apparatus could be a move to open up government jobs to the country's disgruntled Shias and appease protesters against the Sunni-led government.
Published 07 Mar, 2011 12:00am
Iran's energy minister spared impeachment

Iran's energy minister spared impeachment

Iranian President Mahmoud Ahmadinejad narrowly avoided losing his second minister in as many months on Sunday when parliament voted not to impeach him by just one vote. In parliament, which ousted Ahmadinejad's transport minister in February, 101 lawmaker
Published 07 Mar, 2011 12:00am
Saudi Arabia releases Shia cleric

Saudi Arabia releases Shia cleric

Saudi authorities have released a Shia cleric two days after Shia in the eastern region demonstrated demanding his release. Tawfiq al-Amer, who was arrested last week after he called for a constitutional monarchy, was released Sunday, a close associate of
Published 07 Mar, 2011 12:00am
Hundreds protest civilian deaths in Afghan capital

Hundreds protest civilian deaths in Afghan capital

Hundreds of people chanting "Death to America" protested in Kabul on Sunday against a spate of civilian casualties caused by international forces, a sign of the simmering anti-Western emotion among many ordinary Afghans.
Published 07 Mar, 2011 12:00am
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