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Archive - 2011-03-24
NATO to enforce no-fly zone over Libya
Top News

NATO to enforce no-fly zone over Libya

BRUSSELS: NATO Secretary General Anders Fogh Rasmussen on Thursday said the alliance had agreed to enforce a no-fly zone
Published 24 Mar, 2011 11:14pm
Libya ignoring ceasefire order: UN chief
Top News

Libya ignoring ceasefire order: UN chief

UNITED NATIONS: UN chief Ban Ki-moon on Thursday told the Security Council that Libyan government troops are disregardin
Published 24 Mar, 2011 11:12pm
Ericsson to cut 450 Swedish jobs
Top News

Ericsson to cut 450 Swedish jobs

STOCKHOLM: Sweden's mobile network giant Ericsson said Wednesday it would cut 450 Swedish sales and administrative jobs
Published 24 Mar, 2011 05:34pm
ABB claims $900m Indian power contract
Top News

ABB claims $900m Indian power contract

GENEVA: Swiss-Swedish engineering group ABB said on Wednesday that it had won a $900 million contract to supply a 1,728-
Published 24 Mar, 2011 05:20pm
Forex reserves slip to $17.497bn
Top News

Forex reserves slip to $17.497bn

KARACHI: Pakistan's liquid foreign reserves slipped by $111.8 million to ease at $ 17.497 billion on March 19, after tou
Published 24 Mar, 2011 04:30pm
Barclays is main focus of Libor probe
Top News

Barclays is main focus of Libor probe

NEW YORK: Barclays PLC appears to be the main focus of an international regulatory probe, into alleged manipulation of L
Published 24 Mar, 2011 03:42pm
Dubai World signs final debt deal
Top News

Dubai World signs final debt deal

DUBAI: Struggling conglomerate Dubai World signed a final agreement with creditors to restructure $24.9 billion in debt
Published 24 Mar, 2011 11:00am
British retail sales drop in February
Top News

British retail sales drop in February

LONDON: Retail sales in Britain dropped 0.8 percent in February from January, when they had recorded a strong rise, offi
Published 24 Mar, 2011 10:34am
Lufthansa resumes flights to Tokyo
Top News

Lufthansa resumes flights to Tokyo

FRANKFURT: The leading German airline, Lufthansa said it resumed indirect flights to Tokyo on Thursday, after initially
Published 24 Mar, 2011 10:28am
Moody's downgrades 30 Spanish banks
Top News

Moody's downgrades 30 Spanish banks

MADRID: Moody's downgraded the credit ratings of 30 Spanish banks Thursday, warning that Spain's government may not be r
Published 24 Mar, 2011 09:42am
Hong Kong gold closes higher
Financial

Hong Kong gold closes higher

HONG KONG: Gold ended at $1,437.50-$1,438.50 an ounce in Hong Kong on Thursday, up from Wednesday's close of $1,428.00-$
Published 24 Mar, 2011 08:34am
Japan exports up in February before quake
Top News

Japan exports up in February before quake

OSAKA: In a snapshot of Japan's economy before the  devastation and disruption brought by the March 11 earthquake and ts
Published 24 Mar, 2011 03:56am
Pakistan and the twin crises
BR Research

Pakistan and the twin crises

When one talks about globalisation, the first thing that comes to mind is its sheer economic benefits. However, events like earthquake in J
Published 24 Mar, 2011 12:00am
No more a Next economy
BR Research

No more a Next economy

If the world of finance continues to produce catchwords in the way it has in recent years, neologists should find themselves in high demand.
Published 24 Mar, 2011 12:00am
Fed tells Bank of America to rein in dividend plan

Fed tells Bank of America to rein in dividend plan

The Federal Reserve objected to Bank of America Corp's plans to boost the dividend and told the bank to revise its proposal, sending its shares down 2.7 percent in morning trading. BofA had hoped to be in a second wave of banks raising dividends in the se
Published 24 Mar, 2011 12:00am
Italy to defend companies from foreign buyouts

Italy to defend companies from foreign buyouts

Italy moved to defend strategic companies from foreign buyouts on Wednesday amid business anxiety after French cheese giant Lactalis became the main shareholder in Italian Parmalat. The green light for a decree including measure to protect companies was t
Published 24 Mar, 2011 12:00am
Bank overhaul will help small banks, says Bernanke

Bank overhaul will help small banks, says Bernanke

Federal Reserve Chairman Ben Bernanke is telling a group of small-bank executives that the financial overhaul will benefit their institutions because it will level the playing field with the industry's giants. Bernanke say it would be important for the ba
Published 24 Mar, 2011 12:00am
IMF plans short-term forex swaps to cushion emerging markets

IMF plans short-term forex swaps to cushion emerging markets

The Intern-ational Monetary Fund (IMF) is working on a proposal to become a more significant lender of dollars, euros and other currencies during times of crisis, the Wall Street Journal said on Wednesday without citing sources. As per the plan, which has
Published 24 Mar, 2011 12:00am
Colgate buys Sanex from Unilever for $940 million

Colgate buys Sanex from Unilever for $940 million

US consumer goods group Colgate-Palmolive has agreed to pay around $940 million for Sanex, a shower gel and deodorant brand which owner Unilever had been ordered to sell. The European Commission asked Unilever to divest Sanex for anti-trust reasons after
Published 24 Mar, 2011 12:00am
What's next for the US healthcare law?

What's next for the US healthcare law?

One year ago, President Barack Obama signed into law a sweeping healthcare overhaul to fulfil a long-standing Democratic pledge to ensure healthcare coverage for all Americans. Passage of the law was a major legislative victory for Obama and helped change
Published 24 Mar, 2011 12:00am
Ukraine's Kuchma denies role in journalist's murder

Ukraine's Kuchma denies role in journalist's murder

Ukrainian ex-president Leonid Kuchma on Wednesday denied involvement in the 2000 murder of opposition journalist Georgiy Gongadze and said he was ready to go through "all the torments of hell" to prove his innocence. Kuchma, a two-term president of post-S
Published 24 Mar, 2011 12:00am
Egyptian Islamists won't cap ambitions forever

Egyptian Islamists won't cap ambitions forever

The Muslim Brotherhood is not planning to seek power in Egypt's elections this year but says it will not limit its political ambitions forever and wants secular parties to get organised to foster true competition. "Everyone must act so we can reach the po
Published 24 Mar, 2011 12:00am
Chavez foes jostle ahead of Venezuela vote, move left

Chavez foes jostle ahead of Venezuela vote, move left

Criss-crossing Venezuela armed with promises of change, opposition leaders are jostling for position to run against President Hugo Chavez, convinced they can end his long rule with a mix of centre-left policies. The radical former soldier has been in powe
Published 24 Mar, 2011 12:00am
China aims for 8th consecutive grain output rise this year

China aims for 8th consecutive grain output rise this year

China will spare no effort in achieving an eighth consecutive grain output increase this year, the Cabinet said on Wednesday. "Guaranteeing a (grain) supply has a very significant meaning in managing inflation expectations, stabilising the general consume
Published 24 Mar, 2011 12:00am
Good rains help Ivorian cocoa mid-crop

Good rains help Ivorian cocoa mid-crop

Good rains mixed with lengthy sunny spells last week in Ivory Coast's cocoa regions boded well for the development of the mid-crop about to be harvested, farmers and analysts said. The October to March main crop is tailing off and all eyes are on the Apri
Published 24 Mar, 2011 12:00am
US Midwest soya bids mixed, corn flat

US Midwest soya bids mixed, corn flat

Spot basis bids for corn were mostly flat in the US Midwest interior on Tuesday while soyabean bids showed mixed changes and farmer sales of both commodities were slow, dealers said. River soyabean bids firmed, reflecting slightly higher CIF soyabean valu
Published 24 Mar, 2011 12:00am
FAO sees 2011 wheat output up, raises 2010 grain view

FAO sees 2011 wheat output up, raises 2010 grain view

World wheat output will rise in 2011, the United Nations' food agency said on Wednesday, while raising its 2010 grains output estimates and warning grain supplies would remain tight as demand grows. Global wheat output is expected to rise 3.4 percent to 6
Published 24 Mar, 2011 12:00am
EU milling wheat prices rise on supply concern

EU milling wheat prices rise on supply concern

European milling wheat prices rose on Wednesday in thin volumes, buoyed by a lack of available supplies and hopes for more exports, traders said. Paris front-month May wheat, Europe's benchmark, was 2.00 euro or 0.8 percent higher at 227.00 euros a tonne
Published 24 Mar, 2011 12:00am
Vietnamese coffee prices gain above 5 percent

Vietnamese coffee prices gain above 5 percent

Vietnamese coffee prices have risen more than 5 percent in the past week, tracking higher prices in London, but sales were moderate as buyers looked at fresh beans from rival robusta producer Indonesia, traders said. "Prices in Indonesia are competitive s
Published 24 Mar, 2011 12:00am
Canadian canola futures up

Canadian canola futures up

ICE Canadian canola futures ended mostly higher on Tuesday, extending their winning streak to five days in thin, choppy trading. Total volume was about 12,800 contracts, mirroring lighter volumes in Chicago futures market as investors await fresh fundamen
Published 24 Mar, 2011 12:00am
Brazil's corn output seen up

Brazil's corn output seen up

Following are selected highlights from a report issued by a US Department of Agriculture attache in Brazil: "Corn production is expected to reach 53.5 million tonnes in 2010/11 and remain strong in 2011/12 at 55 million tonnes as producers take advantage
Published 24 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 23, 2011).

Published 24 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (March 23, 2011) and the forecast for Thursday (March 24, 2011).

Published 24 Mar, 2011 12:00am
Wars no solution, Prime Minister tells Indian peace team

Wars no solution, Prime Minister tells Indian peace team

Prime Minister Syed Yousuf Raza Gilani on Wednesday said that his government would like to continue to work with the Government of India to resolve all outstanding issues peacefully and in just manner. "Wars are not solution, talks are the only way forwar
Published 24 Mar, 2011 12:00am
Wars no solution, Prime Minister tells Indian peace team

Wars no solution, Prime Minister tells Indian peace team

Prime Minister Syed Yousuf Raza Gilani on Wednesday said that his government would like to continue to work with the Government of India to resolve all outstanding issues peacefully and in just manner. "Wars are not solution, talks are the only way forwar
Published 24 Mar, 2011 12:00am
President confers civil, military awards

President confers civil, military awards

President Asif Ali Zardari Wednesday conferred civil and military awards on outstanding individuals at an investiture ceremony held here at the Aiwan-e-Sadr. Prime Minister Syed Yousuf Raza Gilani, the Chairman Senate, Speaker National Assembly, Federal M
Published 24 Mar, 2011 12:00am
President confers civil, military awards

President confers civil, military awards

President Asif Ali Zardari Wednesday conferred civil and military awards on outstanding individuals at an investiture ceremony held here at the Aiwan-e-Sadr. Prime Minister Syed Yousuf Raza Gilani, the Chairman Senate, Speaker National Assembly, Federal M
Published 24 Mar, 2011 12:00am
Pakistan hails transfer of security to Afghans by Nato

Pakistan hails transfer of security to Afghans by Nato

Pakistan on Wednesday welcomed President Hamid Karzai's announcement regarding the start of transfer of security and development responsibilities by international forces to Afghans while renewing its commitment to stand by the Afghan nation. "We felicitat
Published 24 Mar, 2011 12:00am
Pakistan hails transfer of security to Afghans by Nato

Pakistan hails transfer of security to Afghans by Nato

Pakistan on Wednesday welcomed President Hamid Karzai's announcement regarding the start of transfer of security and development responsibilities by international forces to Afghans while renewing its commitment to stand by the Afghan nation. "We felicitat
Published 24 Mar, 2011 12:00am
Gold near record, silver tops $37

Gold near record, silver tops $37

Gold rose to within a whisker of its all-time high on Wednesday, as record low US new home sales stirred talk of extended central banks' accommodative policies, and a possible collapse of Portugal's government rekindled eurozone debt worries. Bullion rose
Published 24 Mar, 2011 12:00am
Gold near record, silver tops $37

Gold near record, silver tops $37

Gold rose to within a whisker of its all-time high on Wednesday, as record low US new home sales stirred talk of extended central banks' accommodative policies, and a possible collapse of Portugal's government rekindled eurozone debt worries. Bullion rose
Published 24 Mar, 2011 12:00am
Gold near record, silver tops $37

Gold near record, silver tops $37

Gold rose to within a whisker of its all-time high on Wednesday, as record low US new home sales stirred talk of extended central banks'' accommodative policies, and a possible collapse of Portugal''s government rekindled eurozone debt worries. Bullion ro
Published 24 Mar, 2011 12:00am
Pakistan food prices too high: WFP

Pakistan food prices too high: WFP

Pakistan's government has pushed food prices too high for an impoverished population, as malnutrition levels rise despite the recovery of crops after devastating floods, a UN food relief official said Wednesday. Wolfgang Herbinger, director for the World
Published 24 Mar, 2011 12:00am
Pakistan food prices too high: WFP

Pakistan food prices too high: WFP

Pakistan's government has pushed food prices too high for an impoverished population, as malnutrition levels rise despite the recovery of crops after devastating floods, a UN food relief official said Wednesday. Wolfgang Herbinger, director for the World
Published 24 Mar, 2011 12:00am
Pakistan food prices too high: WFP

Pakistan food prices too high: WFP

Pakistan''s government has pushed food prices too high for an impoverished population, as malnutrition levels rise despite the recovery of crops after devastating floods, a UN food relief official said Wednesday. Wolfgang Herbinger, director for the World
Published 24 Mar, 2011 12:00am
15 percent surcharge on payable income tax: procedure issued by FBR

15 percent surcharge on payable income tax: procedure issued by FBR

The major amount of surcharge will be collected by the Federal Board of Revenue (FBR) at the import stage also encompasses advance tax payable by banks and other companies on quarterly basis and leading withholding agents seeking services and purchasing/p
Published 24 Mar, 2011 12:00am
15 percent surcharge on payable income tax: procedure issued by FBR

15 percent surcharge on payable income tax: procedure issued by FBR

The major amount of surcharge will be collected by the Federal Board of Revenue (FBR) at the import stage also encompasses advance tax payable by banks and other companies on quarterly basis and leading withholding agents seeking services and purchasing/p
Published 24 Mar, 2011 12:00am
15 percent surcharge on payable income tax: procedure issued by FBR

15 percent surcharge on payable income tax: procedure issued by FBR

The major amount of surcharge will be collected by the Federal Board of Revenue (FBR) at the import stage also encompasses advance tax payable by banks and other companies on quarterly basis and leading withholding agents seeking services and purchasing/p
Published 24 Mar, 2011 12:00am
Kohala power project: Wapda chief to negotiate with Chinese firm

Kohala power project: Wapda chief to negotiate with Chinese firm

Chairman Water and Power Development Authority (Wapda), Shakil Durrani,is said to have been given a key role in negotiations with the Chinese firm, China International Water and Electric Corporation (CWE) to resolve row pertaining to 1100 MW Kohala Hydrop
Published 24 Mar, 2011 12:00am
Kohala power project: Wapda chief to negotiate with Chinese firm

Kohala power project: Wapda chief to negotiate with Chinese firm

Chairman Water and Power Development Authority (Wapda), Shakil Durrani,is said to have been given a key role in negotiations with the Chinese firm, China International Water and Electric Corporation (CWE) to resolve row pertaining to 1100 MW Kohala Hydrop
Published 24 Mar, 2011 12:00am
Kohala power project: Wapda chief to negotiate with Chinese firm

Kohala power project: Wapda chief to negotiate with Chinese firm

Chairman Water and Power Development Authority (Wapda), Shakil Durrani,is said to have been given a key role in negotiations with the Chinese firm, China International Water and Electric Corporation (CWE) to resolve row pertaining to 1100 MW Kohala Hydrop
Published 24 Mar, 2011 12:00am
China could overtake US economy by 2030: World Bank

China could overtake US economy by 2030: World Bank

China could overtake the United States as the world's largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank's chief economist said Wednesday. China, which last year overtook Japan as the number-two economy,
Published 24 Mar, 2011 12:00am
China could overtake US economy by 2030: World Bank

China could overtake US economy by 2030: World Bank

China could overtake the United States as the world's largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank's chief economist said Wednesday. China, which last year overtook Japan as the number-two economy,
Published 24 Mar, 2011 12:00am
China could overtake US economy by 2030: World Bank

China could overtake US economy by 2030: World Bank

China could overtake the United States as the world''s largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank''s chief economist said Wednesday. China, which last year overtook Japan as the number-two economy
Published 24 Mar, 2011 12:00am
Government releases Rs 96.8 billion for PSDP projects

Government releases Rs 96.8 billion for PSDP projects

Government has released money amounting to Rs 96.8 billion to different ministries and divisions for development projects under Public Sector Development Programme (PSDP) during July to March 1 of the on-going financial year 2010-11.
Published 24 Mar, 2011 12:00am
Government releases Rs 96.8 billion for PSDP projects

Government releases Rs 96.8 billion for PSDP projects

Government has released money amounting to Rs 96.8 billion to different ministries and divisions for development projects under Public Sector Development Programme (PSDP) during July to March 1 of the on-going financial year 2010-11.
Published 24 Mar, 2011 12:00am
Government releases Rs 96.8 billion for PSDP projects

Government releases Rs 96.8 billion for PSDP projects

Government has released money amounting to Rs 96.8 billion to different ministries and divisions for development projects under Public Sector Development Programme (PSDP) during July to March 1 of the on-going financial year 2010-11.
Published 24 Mar, 2011 12:00am
Obama under heavy fire at home

Obama under heavy fire at home

President Barack Obama faced fierce criticism and even long-shot calls for his impeachment Wednesday over a US role in Libya that had no formal price tag and only a murky "exit strategy." Under pressure to bring US military strikes to a quick conclusion,
Published 24 Mar, 2011 12:00am
Obama under heavy fire at home

Obama under heavy fire at home

President Barack Obama faced fierce criticism and even long-shot calls for his impeachment Wednesday over a US role in Libya that had no formal price tag and only a murky "exit strategy." Under pressure to bring US military strikes to a quick conclusion,
Published 24 Mar, 2011 12:00am
Bahrain suspends Lebanon, Iran, Iraq flights

Bahrain suspends Lebanon, Iran, Iraq flights

Bahrain has suspended flights to and from Lebanon a day after it warned its nationals not to travel there following declarations of support by Iranian-backed Shia group Hezbollah for protests by Bahrain's Shias. Bahrain's state-run Gulf Air also said in a
Published 24 Mar, 2011 12:00am
Bahrain suspends Lebanon, Iran, Iraq flights

Bahrain suspends Lebanon, Iran, Iraq flights

Bahrain has suspended flights to and from Lebanon a day after it warned its nationals not to travel there following declarations of support by Iranian-backed Shia group Hezbollah for protests by Bahrain's Shias. Bahrain's state-run Gulf Air also said in a
Published 24 Mar, 2011 12:00am
Air strikes silence Qadhafi guns at besieged city

Air strikes silence Qadhafi guns at besieged city

Western warplanes silenced Muammar Gaddafi's artillery and tanks besieging the rebel-held town of Misrata on Wednesday after an American admiral warned that the Libyan leader's armour was now in the cross-hairs. Breathing defiance, Qadhafi earlier said We
Published 24 Mar, 2011 12:00am
Air strikes silence Qadhafi guns at besieged city

Air strikes silence Qadhafi guns at besieged city

Western warplanes silenced Muammar Gaddafi's artillery and tanks besieging the rebel-held town of Misrata on Wednesday after an American admiral warned that the Libyan leader's armour was now in the cross-hairs. Breathing defiance, Qadhafi earlier said We
Published 24 Mar, 2011 12:00am
Arab unrest: perspectives - XV

Arab unrest: perspectives - XV

"One thing is for sure: Qadhafi must go. We have made this decision with our allies and we want to see it through... .We're certainly involved in regime change. Certainly, our mission is to remove Qadhafi-either dead or alive-let's face it... .We made a m
Published 24 Mar, 2011 12:00am
Arab unrest: perspectives - XV

Arab unrest: perspectives - XV

"One thing is for sure: Qadhafi must go. We have made this decision with our allies and we want to see it through... .We're certainly involved in regime change. Certainly, our mission is to remove Qadhafi-either dead or alive-let's face it... .We made a m
Published 24 Mar, 2011 12:00am
TCP serves notices on seven mills: supply deal not honoured

TCP serves notices on seven mills: supply deal not honoured

Trading Corporation of Pakistan (TCP) has served notices on seven sugar mills for payment of Rs 2.2 billion with a deadline of March 31, 2011 as these mills have failed to supply sugar as per agreement. Sources told Business Recorder on Tuesday tha
Published 24 Mar, 2011 12:00am
TCP serves notices on seven mills: supply deal not honoured

TCP serves notices on seven mills: supply deal not honoured

Trading Corporation of Pakistan (TCP) has served notices on seven sugar mills for payment of Rs 2.2 billion with a deadline of March 31, 2011 as these mills have failed to supply sugar as per agreement. Sources told Business Recorder on Tuesday tha
Published 24 Mar, 2011 12:00am
TCP serves notices on seven mills: supply deal not honoured

TCP serves notices on seven mills: supply deal not honoured

Trading Corporation of Pakistan (TCP) has served notices on seven sugar mills for payment of Rs 2.2 billion with a deadline of March 31, 2011 as these mills have failed to supply sugar as per agreement. Sources told Business Recorder on Tuesday tha
Published 24 Mar, 2011 12:00am
Eight more gunned down in Karachi

Eight more gunned down in Karachi

Eight more people including Muttahida Qaumi Movement (MQM) activist fell prey to the targeted killings in different parts of the metropolis on Wednesday. The MQM activist was shot dead in the limits of Garden police station. The victim 25-year-old Mohamma
Published 24 Mar, 2011 12:00am
Eight more gunned down in Karachi

Eight more gunned down in Karachi

Eight more people including Muttahida Qaumi Movement (MQM) activist fell prey to the targeted killings in different parts of the metropolis on Wednesday. The MQM activist was shot dead in the limits of Garden police station. The victim 25-year-old Mohamma
Published 24 Mar, 2011 12:00am
Declining exports bring sea-food prices down

Declining exports bring sea-food prices down

Jeddah ban and halt in smuggling to Iran have significantly brought seafood prices down in the local market and fears the fisheries sector's financial losses could touch Rs 60 million. The country's fisheries sector received another ban on its seafood exp
Published 24 Mar, 2011 12:00am
Declining exports bring sea-food prices down

Declining exports bring sea-food prices down

Jeddah ban and halt in smuggling to Iran have significantly brought seafood prices down in the local market and fears the fisheries sector's financial losses could touch Rs 60 million. The country's fisheries sector received another ban on its seafood exp
Published 24 Mar, 2011 12:00am
Declining exports bring sea-food prices down

Declining exports bring sea-food prices down

Jeddah ban and halt in smuggling to Iran have significantly brought seafood prices down in the local market and fears the fisheries sector''s financial losses could touch Rs 60 million. The country''s fisheries sector received another ban on its seafood e
Published 24 Mar, 2011 12:00am
Jerusalem bombing kills woman after seven-year lull

Jerusalem bombing kills woman after seven-year lull

A bomb exploded near a bus stop in a Jewish district of Jerusalem on Wednesday, killing a woman and injuring at least 30 people, in an attack police blamed on Palestinian militants. No one claimed responsibility for the blast, which coincided with an upsu
Published 24 Mar, 2011 12:00am
Jerusalem bombing kills woman after seven-year lull

Jerusalem bombing kills woman after seven-year lull

A bomb exploded near a bus stop in a Jewish district of Jerusalem on Wednesday, killing a woman and injuring at least 30 people, in an attack police blamed on Palestinian militants. No one claimed responsibility for the blast, which coincided with an upsu
Published 24 Mar, 2011 12:00am
Thousands of Taliban laying down arms: US

Thousands of Taliban laying down arms: US

Nearly 5,000 Taliban insurgents have either laid down their weapons or are moving towards doing so, the commander of US and Nato forces in Afghanistan, General David Petraeus, said on Wednesday. The Afghan government has launched a "reintegration" process
Published 24 Mar, 2011 12:00am
Thousands of Taliban laying down arms: US

Thousands of Taliban laying down arms: US

Nearly 5,000 Taliban insurgents have either laid down their weapons or are moving towards doing so, the commander of US and Nato forces in Afghanistan, General David Petraeus, said on Wednesday. The Afghan government has launched a "reintegration" process
Published 24 Mar, 2011 12:00am
Commercial activities: Railways planning to involve private sector

Commercial activities: Railways planning to involve private sector

Pakistan Railways (PR) is planning to involve private sector in its commercial activities to put the railways' department on a track to self-reliance, it is learnt reliably. "PR administration is consulting banks and other commercial institutions for inve
Published 24 Mar, 2011 12:00am
Commercial activities: Railways planning to involve private sector

Commercial activities: Railways planning to involve private sector

Pakistan Railways (PR) is planning to involve private sector in its commercial activities to put the railways' department on a track to self-reliance, it is learnt reliably. "PR administration is consulting banks and other commercial institutions for inve
Published 24 Mar, 2011 12:00am
Commercial activities: Railways planning to involve private sector

Commercial activities: Railways planning to involve private sector

Pakistan Railways (PR) is planning to involve private sector in its commercial activities to put the railways'' department on a track to self-reliance, it is learnt reliably. "PR administration is consulting banks and other commercial institutions for inv
Published 24 Mar, 2011 12:00am
CCP rejects allegations of Aptma

CCP rejects allegations of Aptma

The Competition Commission of Pakistan (CCP) has rejected allegations of the All Pakistan Textile Mills Association (APTMA) that the Polyester Staple Fibre (PSF) producers are involved in cartelization or collusion. The CCP report on the PSF sector, issue
Published 24 Mar, 2011 12:00am
CCP rejects allegations of Aptma

CCP rejects allegations of Aptma

The Competition Commission of Pakistan (CCP) has rejected allegations of the All Pakistan Textile Mills Association (APTMA) that the Polyester Staple Fibre (PSF) producers are involved in cartelization or collusion. The CCP report on the PSF sector, issue
Published 24 Mar, 2011 12:00am
CCP rejects allegations of Aptma

CCP rejects allegations of Aptma

The Competition Commission of Pakistan (CCP) has rejected allegations of the All Pakistan Textile Mills Association (APTMA) that the Polyester Staple Fibre (PSF) producers are involved in cartelization or collusion. The CCP report on the PSF sector, issue
Published 24 Mar, 2011 12:00am
Balochistan situation to improve after new elections: Magsi

Balochistan situation to improve after new elections: Magsi

Balochistan Governor Nawab Zulfiqar Magsi has said that situation in the province would improve when elections are held and new leadership would come in front. He was speaking to newsmen after investiture ceremony at Governor House here on Wednesday.
Published 24 Mar, 2011 12:00am
Balochistan situation to improve after new elections: Magsi

Balochistan situation to improve after new elections: Magsi

Balochistan Governor Nawab Zulfiqar Magsi has said that situation in the province would improve when elections are held and new leadership would come in front. He was speaking to newsmen after investiture ceremony at Governor House here on Wednesday.
Published 24 Mar, 2011 12:00am
Hollywood icon Elizabeth Taylor dies at 79

Hollywood icon Elizabeth Taylor dies at 79

Hollywood legend and violet-eyed beauty Elizabeth Taylor, famed as much for her glamorous but stormy love life as her five-decade long Oscar-winning film career, died Wednesday aged 79. Taylor, arguably the last great star of Hollywood's golden era, died
Published 24 Mar, 2011 12:00am
Hollywood icon Elizabeth Taylor dies at 79

Hollywood icon Elizabeth Taylor dies at 79

Hollywood legend and violet-eyed beauty Elizabeth Taylor, famed as much for her glamorous but stormy love life as her five-decade long Oscar-winning film career, died Wednesday aged 79. Taylor, arguably the last great star of Hollywood's golden era, died
Published 24 Mar, 2011 12:00am
Rocket attack kills four in Quetta

Rocket attack kills four in Quetta

At least four people including two traffic policemen were killed and 17 others wounded in a rocket attack here on Wednesday, police said. Officials blamed the attack on Baloch insurgents. One of the three rockets landed in a square in Quetta, causing all
Published 24 Mar, 2011 12:00am
Rocket attack kills four in Quetta

Rocket attack kills four in Quetta

At least four people including two traffic policemen were killed and 17 others wounded in a rocket attack here on Wednesday, police said. Officials blamed the attack on Baloch insurgents. One of the three rockets landed in a square in Quetta, causing all
Published 24 Mar, 2011 12:00am
Income tax policy wing to work under FBR Member IR

Income tax policy wing to work under FBR Member IR

The Income Tax Policy Wing would work under the direct supervision of the Federal Board of Revenue (FBR) Member Inland Revenue to deal with all matters relating to income tax policy and issuance of clarifications on the tax policy related issues.
Published 24 Mar, 2011 12:00am
Fehmida for strengthening Pak-Norway relations

Fehmida for strengthening Pak-Norway relations

Speaker National Assembly Dr Fehmida Mirza has expressed the desire to strengthen Pakistan's bilateral relations with Norway through enhancing interaction between political hierarchy, people and parliaments of both the countries.
Published 24 Mar, 2011 12:00am
Two bullet-riddled bodies found in Vindar

Two bullet-riddled bodies found in Vindar

Police found two bullet-riddled bodies near a hotel on main RCD Highway within jurisdiction of PS Vindar of Lasbellla on Wednesday. According to SHO Vindar police station Noorul Islam, the dead had received bullets in their heads. They were identified as
Published 24 Mar, 2011 12:00am
Shahbaz terms it 'shameful act'

Shahbaz terms it 'shameful act'

Punjab Chief Minister Muhammad Shahbaz Sharif in his message received from London here through DGPR on Wednesday has expressed deep shock and anguish over the burning of Holy Quran in American state, Florida. The Chief Minister strongly condemned this sha
Published 24 Mar, 2011 12:00am
JI rally condemns desecration

JI rally condemns desecration

The Jamaat-e-Islami, Lahore, took out a big rally in the Punjab capital on Wednesday to condemn the desecration of the Holy Quran by an American pastor. Thousands of men, women and children joined the rally which was led by the JI deputy chief, Sirajul Ha
Published 24 Mar, 2011 12:00am
Public meeting on April 10: MQM seeks Punjab government's permission

Public meeting on April 10: MQM seeks Punjab government's permission

A delegation of MQM led by Farooq Sattar met the Special Assistant to Chief Minister, Senator Pervaiz Rashid here on Wednesday with regard to holding of public meeting in Lahore on April 10. The delegation informed him about necessary details.
Published 24 Mar, 2011 12:00am
Hassan Sadpara to leave for Nepal today

Hassan Sadpara to leave for Nepal today

Renowned climber of Gilgit-Baltistan (GB) Hassan Sadpara will leave to Nepal on March 24 to climb the World's highest peak Mount Everest without using oxygen. Ghulam Raza Haideri, Member Alpine Club of Pakistan (ACP) and the district president of MQM host
Published 24 Mar, 2011 12:00am
Country held hostage by plunderers: JI

Country held hostage by plunderers: JI

The Jamaat-e-Islami chief, Syed Munawar Hasan, has said a coterie of thieves and plunderers was holding the country as hostage and was talking of "saving the system" only to protect its corruption and ill-gotten wealth. President Zardari has sold away Pak
Published 24 Mar, 2011 12:00am
Medical journals contain statistical errors, deficiencies: expert

Medical journals contain statistical errors, deficiencies: expert

Former Dean Postgraduate Medical Education, Cambridge University, UK, Professor Dr John Biggs has said that almost half of the literature published in medical journals around the world is leading people astray because the standards in the use of statistic
Published 24 Mar, 2011 12:00am
PML-Q leaders slam sacrilegious act

PML-Q leaders slam sacrilegious act

President Pakistan Muslim League-Q Senator Chaudhry Shujaat Hussain and senior central leader Chaudhry Parvez Elahi in a strong worded message have condemned the incident where a self claimed American pastor Terry Jones supervised the burning of the Holy
Published 24 Mar, 2011 12:00am
LHC accepts petition of four golf players

LHC accepts petition of four golf players

The Lahore High Court (LHC) accepted the petition of four Pakistani golf players and declared their disqualification for two years from participating from all competitive tournaments as illegal. The allegation against Murad Ahmad Khan, Mir Maaz Mahmood, Z
Published 24 Mar, 2011 12:00am
Ulema condemn desecration of Holy Quran

Ulema condemn desecration of Holy Quran

Ulema and religious bodies have very strongly reacted against desecration of the Holy Quran by an American pastor in Florida on Tuesday and called upon the Islamic countries to make united and concerted efforts to stop recurrence of such intolerable and u
Published 24 Mar, 2011 12:00am
Leather sector unlikely to achieve $1 billion export target: PLGMEA

Leather sector unlikely to achieve $1 billion export target: PLGMEA

The Pakistan Leather Garments Manufacturer and Exporter's Association (PLGMEA) Vice Chairman Mudassar Masood while showing pessimism said the leather sector may not achieve the export target of $1 billion, set for the current financial year, particularly
Published 24 Mar, 2011 12:00am
Ambassador to China performs flag-hoisting ceremony

Ambassador to China performs flag-hoisting ceremony

Pakistan's Ambassador to China Masood Khan performed the flag hoisting ceremony here at the Embassy to mark Pakistan Day celebrations on Wednesday. On the occasion national anthem was also played. Ambassador Masood Khan on the occasion read out the messag
Published 24 Mar, 2011 12:00am
Nation celebrates Pakistan Day with traditional zeal

Nation celebrates Pakistan Day with traditional zeal

The Pakistan Day was celebrated on Wednesday across the country and in Azad Jammu and Kashmir (AJK) with traditional zeal and enthusiasm to commemorate the passage of the Lahore Resolution, later called, the Pakistan Resolution, which eventually led to th
Published 24 Mar, 2011 12:00am
Pakistan Day observed in Khyber Pakhtunkhwa, Fata

Pakistan Day observed in Khyber Pakhtunkhwa, Fata

The celebrations of Pakistan Day started with a 21-gun salute here on early Wednesday. According to the details, the day dawned with 21-gun salute at Jinnah Park opposite to Qila Balahisar at early in the morning to mark Pakistan Day. The audience present
Published 24 Mar, 2011 12:00am
Pakistan Day celebrated with zeal in Balochistan

Pakistan Day celebrated with zeal in Balochistan

Pakistan Day was celebrated with traditional zeal across Balochistan on Wednesday to commemorate the passage of Pakistan Resolution which later resulted the emergence of an independent country, Pakistan.
Published 24 Mar, 2011 12:00am
Pakistan Day observed in Kotli

Pakistan Day observed in Kotli

Pakistan-Day was celebrated with befitting manners and traditional zeal, fervour and enthusiasm here on Wednesday. Flag hosting ceremonies, seminars, symposia and debates were the hall mark of the day. Addressing to a flag hosting ceremony held here in co
Published 24 Mar, 2011 12:00am
Pakistan Day celebrated at Lok Virsa

Pakistan Day celebrated at Lok Virsa

Pakistan Day was celebrated at the National Institute of Folk and Traditional Heritage, which is also known as Lok Virsa with a great fervour, festivity and enthusiasm. Besides Lok Virsa, the newly established Pak-China Friendship Centre was also the venu
Published 24 Mar, 2011 12:00am
LDF sets up one-day 'Life Medical Centre' on Pakistan Day

LDF sets up one-day 'Life Medical Centre' on Pakistan Day

A social organisation, Life Development Foundation (LDF) organised one day 'Life Medical Centre' on Pakistan Day aimed at providing 24-hour free medical facilities to the poor and deserving communities of Rawalpindi and Islamabad. Doctors, Lady doctors an
Published 24 Mar, 2011 12:00am
PWF celebrates Pakistan Day

PWF celebrates Pakistan Day

Pakistan Workers Federation (PWF) celebrated Pakistan Day here on Wednesday by dedicating itself to the ideals and teachings of the father of the Nation Quaid-e-Azam Mohammad Ali Jinnah and hoisted Pakistan flag atop Bakhtiar Labour Hall.
Published 24 Mar, 2011 12:00am
NH&MP celebrates Pakistan Day

NH&MP celebrates Pakistan Day

National Highways and Motorway Police (NH&MP) celebrated Pakistan Day by organising Motorway Police Solidarity Bikers Rally and making special arrangements and holding special ceremonies at Guidance Center Lahore, Training Institute Sheikhupura and on all
Published 24 Mar, 2011 12:00am
Punjab to procure 3.5 million metric tons of wheat

Punjab to procure 3.5 million metric tons of wheat

Punjab Food Department has finalised the arrangements to procure 3.5 million metric tons wheat worth rupees 85 billion directly from the growers through 380 procurement centres across the province. Secretary Food Punjab, Squadron Leader (Retd) Muhammad Ir
Published 24 Mar, 2011 12:00am
Firdous lashes out at Chaudhry Nisar

Firdous lashes out at Chaudhry Nisar

Federal Minister for Information and Broadcasting, Firdous Aashiq Awan Wednesday lashed out at Leader of the Opposition in the National Assembly Chaudhry Nisar Ali Khan asking him to play 'constructive and positive role' rather than in indulging in politi
Published 24 Mar, 2011 12:00am
CCPO awarded 'Tamgha Imtiaz'

CCPO awarded 'Tamgha Imtiaz'

Capital City Police Officer (CCPO), Muhammad Aslam Tareen was awarded "Tamgha Imtiaz" here on Wednesday by Pakistan Government at a ceremony held at Governor House on the occasion of Pakistan Resolution Day 23rd March. The Governor Punjab conferred this m
Published 24 Mar, 2011 12:00am
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