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Archive - 2011-04-04
'Shrek' producer joins Zynga board
Arts

'Shrek' producer joins Zynga board

SAN FRANCISCO: Zynga on Monday said the film producer behind "Shrek" and other DreamWorks Animation hits has joined the
Published 04 Apr, 2011 07:30pm
IMF chief sees limits to free market
Top News

IMF chief sees limits to free market

WASHINGTON: The liberal theories that have guided the global economy for the last 30 years need to be overhauled, accord
Published 04 Apr, 2011 07:03pm
British PM Cameron to visit Islamabad
Top News

British PM Cameron to visit Islamabad

ISLAMABAD: Pakistan has announced that British Prime Minister David Cameron would Tuesday make his first visit to the nu
Published 04 Apr, 2011 06:34pm
Qamar Hussain appointed as NBP president
Top News

Qamar Hussain appointed as NBP president

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani has appointed Qamar Hussain as President, National Bank of Pakistan (NB
Published 04 Apr, 2011 04:24pm
Pak-Iran trade point reopened in Taftan
Top News

Pak-Iran trade point reopened in Taftan

DALBANDIN: "Zero point", a trade point between the Pakistan and Iran has been reopened here on Monday, an official said.
Published 04 Apr, 2011 02:57pm
Sindh Bank launches Benazir `Zarai' Card
Top News

Sindh Bank launches Benazir `Zarai' Card

NAUDERO: President Asif Ali Zardari here on Monday performed the launching of the Benazir "Zarai" Card (agri card) schem
Published 04 Apr, 2011 12:53pm
US puts on hold $250m aid for HEC
Top News

US puts on hold $250m aid for HEC

ISLAMABAD: Under the government's decision of scheduled devolving of Higher Education Commission (HEC) to provinces, US
Published 04 Apr, 2011 11:22am
Summit Bank Ltd co-opts new directors
Top News

Summit Bank Ltd co-opts new directors

KARACHI ? : Summit Bank Ltd (SBL) has acquired 314.701 million shares or 59.34 percent of issued and paid up capital of
Published 04 Apr, 2011 11:20am
Traders to hold protest demo on Tuesday
Top News

Traders to hold protest demo on Tuesday

KARACHI: Leader of Karachi Chamber of Commerce and Industries (KKCI) would hold a peaceful protest demo on 5th April fro
Published 04 Apr, 2011 10:11am
Test for India's PM in local polls
Asia

Test for India's PM in local polls

NEW DELHI: Voting began in the first of a slew of state elections on Monday that will indicate how much corruption and i
Published 04 Apr, 2011 09:41am
Hong Kong shares seen higher
Financial

Hong Kong shares seen higher

HONG KONG: Hong Kong shares look set to open higher on Monday, tracking Wall Street gains on Friday after the US announc
Published 04 Apr, 2011 08:34am
Pakistan shrine suicide bombings kill 50
Top News

Pakistan shrine suicide bombings kill 50

DERA GHAZI KHAN: The death toll rose to 50 on Monday after two suicide bombers unleashed carnage at a Sufi shrine in Pak
Published 04 Apr, 2011 08:18am
CDGK fixes milk price at Rs60 per litre
Top News

CDGK fixes milk price at Rs60 per litre

KARACHI: The City District Government Karachi(CDGK) has fixed the milk price in the metropolis at Rs. 60 a litre. This
Published 04 Apr, 2011 08:02am
Tokyo shares higher at noon
Financial

Tokyo shares higher at noon

TOKYO: Japanese shares rebounded Monday morning, as investors welcomed stronger-than-expected US jobs data that boosted
Published 04 Apr, 2011 07:02am
The big 5 round up
BR Research

The big 5 round up

Whether its a big fish in a small pond or a large bank in a growing economy, both leverage the benefit of their size and reach.
Published 04 Apr, 2011 12:00am
Spyker Energy aims to raise 35 million pound in IPO

Spyker Energy aims to raise 35 million pound in IPO

Dutch gas and oil explorer Spyker Energy is aiming to raise up to 35 million pounds ($56 million) in a London stock market listing, according to a report in the Sunday Times. The group intends to start trading on London's junior AIM market just before Eas
Published 04 Apr, 2011 12:00am
Cat bond market could be boosted by Japanese crisis

Cat bond market could be boosted by Japanese crisis

The market for bonds designed to cover natural catastrophes has taken a hit since the disasters in Japan last month, but could profit in the end from such dramatic events, specialists say. "Cat bonds" are a way for reinsurance companies to transfer part o
Published 04 Apr, 2011 12:00am
Cat bond market could be boosted by Japanese crisis

Cat bond market could be boosted by Japanese crisis

The market for bonds designed to cover natural catastrophes has taken a hit since the disasters in Japan last month, but could profit in the end from such dramatic events, specialists say. "Cat bonds" are a way for reinsurance companies to transfer part o
Published 04 Apr, 2011 12:00am
Wall Street Weekahead: S & P index poised to hit its highest

Wall Street Weekahead: S & P index poised to hit its highest

The Standard & Poor's 500 index is poised to hit its highest in nearly three years next week after more signs of life from the jobs market, but think twice before you bet the house. Many investors are coming to the view that the US employment situation ha
Published 04 Apr, 2011 12:00am
Yen faces sustained slide from carry trade revival

Yen faces sustained slide from carry trade revival

A revival in yen carry trade is set to place the Japanese currency on a sustained slide as the Bank of Japan keeps printing money at a time when central banks in the eurozone and the United States move closer to lifting interest rates.
Published 04 Apr, 2011 12:00am
Investors return to emerging market equity funds: EPFR

Investors return to emerging market equity funds: EPFR

Emerging market equity funds had their second-largest weekly inflows in the end of March, but it might be too soon to bet on a sustainable recovery in global risk appetite, EPFR Global said on Friday. Inflows into the category totalled $2.6 billion in the
Published 04 Apr, 2011 12:00am
Investors return to emerging market equity funds: EPFR

Investors return to emerging market equity funds: EPFR

Emerging market equity funds had their second-largest weekly inflows in the end of March, but it might be too soon to bet on a sustainable recovery in global risk appetite, EPFR Global said on Friday. Inflows into the category totalled $2.6 billion in the
Published 04 Apr, 2011 12:00am
UAE 2010 non-oil trade up 14 percent on global recovery

UAE 2010 non-oil trade up 14 percent on global recovery

The United Arab Emirates' non-oil foreign trade jumped 14 percent in 2010, data showed on Sunday, helped by an improving global economy and trade with Asia. Non-oil foreign trade in the UAE, the world's third-largest crude exporter and key Gulf business h
Published 04 Apr, 2011 12:00am
Australia lifts economic cost of floods to A$9 billion

Australia lifts economic cost of floods to A$9 billion

Massive floods and a cyclone that hit large parts of Australia's eastern coast this year will cost the economy around A$9 billion ($9.35 billion), with most of that being felt in resources and agricultural production, the government said on Sunday.
Published 04 Apr, 2011 12:00am
Police seek rioters after mass London protest

Police seek rioters after mass London protest

Police on Sunday released 18 pictures of people wanted in connection with violence that marred last weekend's mass demonstration in London against government spending cuts. Hundreds of thousands of protesters were estimated to have taken part in the large
Published 04 Apr, 2011 12:00am
Wataniya Airways eyes $54 million capital raise

Wataniya Airways eyes $54 million capital raise

Kuwait's luxury carrier Wataniya Airways, which ceased operations last month, plans to increase capital by 15 million dinars ($54.07 million), unidentified sources said in published remarks on Sunday.
Published 04 Apr, 2011 12:00am
Egypt's GB Auto to launch car loan venture

Egypt's GB Auto to launch car loan venture

GB Auto, Egypt's biggest listed automobile assembler, said on Sunday it plans to launch a finance company offering loans to car buyers in a move to expand its sources of revenue. The finance company, Drive Car Trading, will be launched in the second quart
Published 04 Apr, 2011 12:00am
BP to resume Gulf of Mexico drilling

BP to resume Gulf of Mexico drilling

BP has struck a deal with US regulators that will allow it to resume deepwater drilling in the Gulf of Mexico, a year after the Deepwater Horizon rig exploded, the Sunday Times reported. The oil major was understood to have granted 24-hour access to gover
Published 04 Apr, 2011 12:00am
South Korea's top oil refiner to cut prices

South Korea's top oil refiner to cut prices

SK Energy, South Korea's largest oil refiner, will cut prices this week following months of pressure from the government which is battling to curb inflation, its parent company said Sunday. SK Innovation said prices of petrol and diesel at some 4,000 SK E
Published 04 Apr, 2011 12:00am
Citi, Capital One involved in widening data breach

Citi, Capital One involved in widening data breach

Citigroup Inc and Capital One Financial Corp were part of a large data breach that exposed the names and e-mail addresses of many large companies' customers, including those at some of the nation's largest banks.
Published 04 Apr, 2011 12:00am
Greece braces for new cuts on reports of higher deficit

Greece braces for new cuts on reports of higher deficit

Greece braced for the possibility of fresh austerity measures after Sunday newspapers reported its public deficit for 2010 was far greater than previously estimated. Both Kathimerini and Eleftheros Typos newspapers said the deficit for 2010 was 10.6 perce
Published 04 Apr, 2011 12:00am
Google profile in China shrinking

Google profile in China shrinking

A year after a public spat with Beijing over censorship, Google Inc. says its business with Chinese advertisers is growing even as the Internet giant's share of online searches in China plunges.
Published 04 Apr, 2011 12:00am
GE to help Japan nuclear plant operator supply power

GE to help Japan nuclear plant operator supply power

General Electric Co, which helped build the Fukushima Daiichi nuclear power plant damaged by Japan's earthquake and tsunami, will help the plant's operator supply electricity in the coming summer when power demand soars.
Published 04 Apr, 2011 12:00am
70 percent of federal revenue generated in Sindh

70 percent of federal revenue generated in Sindh

President Hyderabad Chamber of Commerce and Industry (HCCI), Goharullah while talking to Business Recorder here on Sunday, said that the province of Sindh contributes 70 percent of revenue to the federal government.
Published 04 Apr, 2011 12:00am
Artificial limbs distributed among needy persons

Artificial limbs distributed among needy persons

Hope Rehabilitation Society distributed free of cost artificial limbs among the needy persons. In this connection, a simple but impressive ceremony was held at Hope Centre, Johar Town Lahore on Sunday. Former President Rotary Club of Lahore Garrison, M. A
Published 04 Apr, 2011 12:00am
Woman, paramour arrested for killing man

Woman, paramour arrested for killing man

Investigation Police of Hanjarwal have succeeded in arresting the culprits who were behind the killing of a man by beheading him. Capital City Police Officer, Muhammad Aslam Tareen and Deputy Inspector General Investigation, Ali Aamir Malik had directed S
Published 04 Apr, 2011 12:00am
PML-Q condemns attacks on Fazl

PML-Q condemns attacks on Fazl

PML-Q has termed the suicidal attacks on JUI-F leader Fazlur Rehman as alarming, and accused the government for failure to restore law and order in the country. PML-Q chief Shujaat Hussain on Sunday said that two consecutive suicide attacks on Fazlur Rehm
Published 04 Apr, 2011 12:00am
Delay in Pepco dissolution: ADB and World Bank express serious concern

Delay in Pepco dissolution: ADB and World Bank express serious concern

The Asian Development Bank (ADB) and World Bank (WB) have expressed serious concern over delay in dissolving Pakistan Electric Power Company (Pepco) well past the government deadline of October 31, 2010, and urged the government to wind it up immediately
Published 04 Apr, 2011 12:00am
'Government should introduce long-term, sustainable agriculture policy'

'Government should introduce long-term, sustainable agriculture policy'

The President Mango Growers Association Pakistan, Syed Zahid Hussain Gardezi has said that government should introduce long-term and sustainable agricultural policy for the next decade to compensate the growers by controlling the prices in the country. Ne
Published 04 Apr, 2011 12:00am
Grant for quake-hit AJK business fraternity issued

Grant for quake-hit AJK business fraternity issued

In response to the recent move by the AJK Prime Minister Sardar Attique Ahmed Khan, the federal government had released funds of Rs 53 million against the waved off debts of October 2005, devastating earthquake-hit business community of the state, officia
Published 04 Apr, 2011 12:00am
Prime Minister condemns bomb blasts at shrine

Prime Minister condemns bomb blasts at shrine

Prime Minister Syed Yousuf Raza Gilani on Sunday strongly condemned bomb blasts at the Shrine of Hazrat Sakhi Sarwar in Dera Ghazi Khan resulting in deaths and injuries of innocent people. In a statement, the Prime Minister said such cowardly acts of terr
Published 04 Apr, 2011 12:00am
Voluntary repatriation of FATA IDPs on April 11

Voluntary repatriation of FATA IDPs on April 11

The voluntarily repatriation of the Internally Displaced Persons (IDPs) of Bajaur and Mohmand Agencies to back their home would be starting from April 11. This was stated by Director General FATA Disaster Management Authority, Arshad Khan while talking to
Published 04 Apr, 2011 12:00am
World Cup triumph lifts spirits in scandal-hit India

World Cup triumph lifts spirits in scandal-hit India

India's cricket World Cup triumph brought joy and buoyed spirits among millions of people in a country plagued with corruption scandals and financial irregularities over the past months.
Published 04 Apr, 2011 12:00am
Afridi for result-oriented West Indies tour

Afridi for result-oriented West Indies tour

Captain Pakistan Cricket team Shahid Afridi said on Sunday that upcoming visit of Pakistan team to West Indies would be result-oriented. "Our team is in good spirit and high morale," Afridi said. Talking to a private news channel, he said new youngsters s
Published 04 Apr, 2011 12:00am
India fined for slow over rate in World Cup final

India fined for slow over rate in World Cup final

The triumphant Indian cricket team has been fined for its slow over rate in the World Cup final against Sri Lanka, the International Cricket Council (ICC) said on Sunday. Mahendra Singh Dhoni's men were one over short of the target at the end of Saturday'
Published 04 Apr, 2011 12:00am
Malinga calls time on World Cup career

Malinga calls time on World Cup career

Sri Lanka fast bowler Lasith Malinga said on Sunday that his World Cup career is over. "I hope to be of service to my team as long as I can, but I won't be able to play in the next World Cup in 2015. I have been carrying injuries for the past few weeks an
Published 04 Apr, 2011 12:00am
Sangakkara demands end to Sri Lanka stagefright

Sangakkara demands end to Sri Lanka stagefright

Sri Lanka captain Kumar Sangakkara has warned that his team need to overcome their showpiece stagefright if they are ever to win another World Cup after a third shattering loss in a major final. Since capturing the 1996 World Cup, Sri Lanka have been runn
Published 04 Apr, 2011 12:00am
Murali disappointed by international farewell

Murali disappointed by international farewell

Sri Lanka star Muttiah Muralitharan admitted his last international appearance had been a letdown following a six-wicket World Cup final defeat by India. The record-breaking 38-year-old, the sole survivor from Sri Lanka's 1996 World Cup final-winning team
Published 04 Apr, 2011 12:00am
Sri Lankan president consoles losers

Sri Lankan president consoles losers

Sri Lanka President Mahinda Rajapakse Sunday consoled skipper Kumar Sangakkara after his team lost the cricket World Cup to India and urged them to do better next time. "We can be proud of the team and Sri Lanka will stand by them to move forward," the pr
Published 04 Apr, 2011 12:00am
Al Fayed defends Michael Jackson statue

Al Fayed defends Michael Jackson statue

A controversial statue of singer Michael Jackson was unveiled by Mohamed Al Fayed at Fulham's Craven Cottage ground on Sunday with the club chairman saying that if fans did not like it, they could go and support another team.
Published 04 Apr, 2011 12:00am
Man City crush Sunderland to climb to third

Man City crush Sunderland to climb to third

Manchester City climbed to third in the Premier League after thumping Sunderland 5-0 on Sunday with a lively attacking display in which the goals came from five different players.
Published 04 Apr, 2011 12:00am
Apple sets new operating systems for iPhone, Mac

Apple sets new operating systems for iPhone, Mac

Apple said March 28 that it will unveil the next generation operating systems for the iPhone and the Macintosh computer at its Worldwide Developers Conference in San Francisco in June. The Cupertino, California-based tech giant said the annual event will
Published 04 Apr, 2011 12:00am
American Express makes digital wallets

American Express makes digital wallets

American Express on March 28 launched an online financial transactions service that it claims goes beyond what others provide in a market dominated by PayPal. "Serve" went live in the United States and was to expand to other countries in the coming year.
Published 04 Apr, 2011 12:00am
Hackers infect websites to dupe Internet users

Hackers infect websites to dupe Internet users

Computer security firm Websense on April 1, was warning that hackers have infected a huge number of websites with malicious code crafted to dupe Internet users. Hundreds of thousands of legitimate websites have been boobytrapped to redirect visitors to "l
Published 04 Apr, 2011 12:00am
Taiwan fair to launch 100 tablet

Taiwan fair to launch 100 tablet

The co-sponsor of Asia's leading IT trade fair is expecting up to 100 tablet computers to be launched at the event in May, with technology firms vying for a slice of Apple's success with the iPad. Chang Li, secretary-general of the Taipei Computer Associa
Published 04 Apr, 2011 12:00am
Google adds recommendation feature to search

Google adds recommendation feature to search

Google on March 30 Wednesday began letting people tip off friends to which Internet search results or online ads they think are "pretty cool." The world's most popular online search service started adding "+1" icons that people can click to recommend reso
Published 04 Apr, 2011 12:00am
Google to offer websites to Canada small business

Google to offer websites to Canada small business

Google aims to give away thousands of websites to small Canadian businesses to encourage them to establish an online presence, the search engine's Canadian head said on March 29. Despite boasting the most plugged-in population in the world, Canada struggl
Published 04 Apr, 2011 12:00am
Google's citizen cartographers map out the world

Google's citizen cartographers map out the world

Google on March 31 revealed that an army of citizen cartographers is behind its widely used mapping service, helping the Internet search giant chart the world, including often inaccessible places. Volunteers from various countries post updates on their ne
Published 04 Apr, 2011 12:00am
Lenovo launches 'LePad' tablet in China

Lenovo launches 'LePad' tablet in China

Chinese computer giant Lenovo has launched its own tablet computer at home as it tries to compete for a share of an increasingly crowded market dominated by Apple's iPad. The LePad - powered by Google's Android software - was launched in China on March 29
Published 04 Apr, 2011 12:00am
Smartphone market to grow 50 percent in 2011: IDC

Smartphone market to grow 50 percent in 2011: IDC

The world-wide smartphone market will grow nearly 50 percent this year and Google's Android will take over as the leading operating system, a technology market research firm said on March 29. International Data Corp. (IDC) said smartphone vendors are expe
Published 04 Apr, 2011 12:00am
Affectiva technology taps into people's emotions

Affectiva technology taps into people's emotions

Computers may soon understand people better than their spouses do, courtesy of innovations from start-up Affectiva that expand on groundbreaking sensing research at the Massachusetts Institute of Technology (MIT). Affectiva co-founder and MIT professor Ro
Published 04 Apr, 2011 12:00am
Pakistan sees remarkable growth in SMS traffic

Pakistan sees remarkable growth in SMS traffic

Pakistan has seen a remarkable growth in SMS traffic during the past few years and only in three months of 2010,(from July to September 2010), 48,846 million text messages were exchanged thus generating the revenue of the country, revealed a report of Pak
Published 04 Apr, 2011 12:00am
No long-distance risks from mega-quakes

No long-distance risks from mega-quakes

Monster earthquakes like the 9.0-magnitude event that occurred off Japan on March 11 are unlikely to trigger a large quake in distant regions of the world, according to a study published on March 28. The research coincidentally published in the wake of th
Published 04 Apr, 2011 12:00am
Fish diet linked to stronger bones

Fish diet linked to stronger bones

Older adults who eat greater amounts of fish end up preserving their bone density better than people who don't eat as much fish, a new study finds. The study doesn't prove that such habits strengthen bones, but researchers believe that the combination of
Published 04 Apr, 2011 12:00am
US cancer rates down

US cancer rates down

Cancer rates in the United States declined in the period from 2003 to 2007 while the odds for surviving the disease rose, a government study showed on March 31. The Annual Report to the Nation on the Status of Cancer showed a decline of slightly less than
Published 04 Apr, 2011 12:00am
Smoking ties to throat, stomach cancer

Smoking ties to throat, stomach cancer

Smokers face an increased risk of certain types of throat and stomach cancers, even years after they quit, a new study finds. Combining the results of 33 past studies, Italian researchers found that current smokers were more than twice as likely as nonsmo
Published 04 Apr, 2011 12:00am
After 30 years, war on AIDS at 'moment of truth'

After 30 years, war on AIDS at 'moment of truth'

With the war on AIDS nearing its 30th anniversary, the UN on March 31 declared "a moment of truth" had come for new strategies to address the campaign's failures and brake costs that were now unsustainable.
Published 04 Apr, 2011 12:00am
Sleep training for insomniac children, adolescents

Sleep training for insomniac children, adolescents

Two psychologists at the University of Wuerzburg in Germany have developed sleep training aimed at helping insomniac children and adolescents to fall asleep more easily and sleep through the night without waking. Bed position and evening activities play k
Published 04 Apr, 2011 12:00am
Diabetes tied to higher Parkinson's disease risk

Diabetes tied to higher Parkinson's disease risk

People with diabetes may have a slightly increased risk of developing Parkinson's disease, a new study suggests - though the reasons for the link, researchers say, are far from clear. The study, of nearly 289,000 older US adults, found that those with dia
Published 04 Apr, 2011 12:00am
First ever Lahore Shopping Festival begins

First ever Lahore Shopping Festival begins

The first ever Lahore Shopping Festival 2011 held with a dazzling opening ceremony here at Lahore Polo Club in the presence of hundreds of participants who had flocked here to be part of this historic event. The festivities of the Lahore Shopping Festival
Published 04 Apr, 2011 12:00am
A tête-à-tête with Khalid Mirza

A tête-à-tête with Khalid Mirza

BR Research recently had a short chit-chat with Khalid Mirza in Karachi. Mirza has had the distinction of heading both the Competition Commission of Pakistan and the Securities & Exchange Commission during the past decade. In this interview, Mirza reflect
Published 04 Apr, 2011 12:00am
Fibreglass boat manufacturing unit on the cards

Fibreglass boat manufacturing unit on the cards

Federal government is actively considering establishing a Fibreglass Boat Manufacturing Unit in near future in the country. Official sources told Business Recorder here Sunday that the concept of initiating this project was to put fisheries sector on mode
Published 04 Apr, 2011 12:00am
Ford beats GM in US auto sales race

Ford beats GM in US auto sales race

Ford knocked General Motors out of the top spot for US auto sales last month, a feat it had managed only once before since 1998, industry data showed on April 01. The upset came as the US auto industry continues to rebound strongly, with the overall sales
Published 04 Apr, 2011 12:00am
Ford beats GM in US auto sales race

Ford beats GM in US auto sales race

Ford knocked General Motors out of the top spot for US auto sales last month, a feat it had managed only once before since 1998, industry data showed on April 01. The upset came as the US auto industry continues to rebound strongly, with the overall sales
Published 04 Apr, 2011 12:00am
Porsche launches five billion euros capital increase

Porsche launches five billion euros capital increase

German luxury car maker Porsche said that it would issue a total of 131 million ordinary and preferred shares for 38 euros ($53.2) per share. The total of almost five billion euros corresponds to the amount of the capital increase Porsche had already anno
Published 04 Apr, 2011 12:00am
Porsche launches five billion euros capital increase

Porsche launches five billion euros capital increase

German luxury car maker Porsche said that it would issue a total of 131 million ordinary and preferred shares for 38 euros ($53.2) per share. The total of almost five billion euros corresponds to the amount of the capital increase Porsche had already anno
Published 04 Apr, 2011 12:00am
France Tel still bullish on Middle East, Africa

France Tel still bullish on Middle East, Africa

France Telecom aims to continue its expansion in the emerging markets of Africa and the Middle East via two or three acquisitions a year, but will not bid for Syria's mobile licence, an executive told Reuters.
Published 04 Apr, 2011 12:00am
Microsoft unveils South African empowerment deal

Microsoft unveils South African empowerment deal

Microsoft South Africa, a unit of the world's largest software firm, will invest 475 million rand ($69 million) in four black-owned software firms to meet black economic empowerment (BEE) rules. The deal is in place of selling a stake to black investors,
Published 04 Apr, 2011 12:00am
Renault confident on 2011 commercial vehicle sales

Renault confident on 2011 commercial vehicle sales

French auto maker Renault sees its commercial vehicle sales outperforming the market in 2011, commercial vehicle unit director Jean-Christophe Kugler told Reuters in an interview on March 30.
Published 04 Apr, 2011 12:00am
German chemical firms to pay workers 4.1 percent more

German chemical firms to pay workers 4.1 percent more

More than half a million employees in the German chemical industry will get 4.1 percent more pay over a 15-month period in a collective wage bargaining deal that will add to inflationary pressures in Europe's largest economy.
Published 04 Apr, 2011 12:00am
RBS wealth arm seeks to double by 2015

RBS wealth arm seeks to double by 2015

Royal Bank of Scotland's private banking arm wants to become less UK-focused, double in size and bring its international unit into the historic Coutts brand, the division's head told Reuters in an interview.
Published 04 Apr, 2011 12:00am
GE sees India revenue rising more than 30 percent

GE sees India revenue rising more than 30 percent

General Electric Co expects its revenue in India to rise more than 30 percent this year, its chief executive for the country said on March 31, as demand for energy and healthcare products remains strong. GE, which makes goods ranging from jet engines to m
Published 04 Apr, 2011 12:00am
30-year of services: SETC to observe 15-day celebrations

30-year of services: SETC to observe 15-day celebrations

The institution was established in 1981 by renowned psychiatrist and Professor Emeritus of King Edward Medical University Khalida Tareen in collaboration with professionals. Professor Khalida Tareen said that SETC started with two rented rooms and eigh
Published 04 Apr, 2011 12:00am
Four killed in road accident

Four killed in road accident

Four persons were killed in a road accident on Chambarh Road in Tando Allahyar district on Sunday. According to police, four women including Nawon, 55, wife of Walji Kohli, Atiya, 35, wife of Kalpat Kohli and Diya 9, daughter of Krishan and an unknown gir
Published 04 Apr, 2011 12:00am
Mastermind of rocket attacks held: CID

Mastermind of rocket attacks held: CID

The CID Police, Karachi, has successfully arrested the alleged mastermind of rocket attacks on March 23 in Malir City. A top official of CID Police told APP here on Sunday that the accused identified as Abdul Kadir Kalmati alias Rockety s/o of Abdul Rehma
Published 04 Apr, 2011 12:00am
FBR to notify ATL of income tax returns filers

FBR to notify ATL of income tax returns filers

After successful implementation of the 'Active Taxpayer List' (ATL) on the sales tax side, the Federal Board of Revenue (FBR) will shortly notify the 'Active Taxpayer List' (ATL) for the income tax return filers for Tax Year 2010 and withholding tax state
Published 04 Apr, 2011 12:00am
'Organ Transplantation Programme' to be launched in Lahore

'Organ Transplantation Programme' to be launched in Lahore

Transplantation of human organ, liver, kidney and heart would be start in Lahore very soon and for this purpose Lahore General Hospital will be the main centre for organ harvesting under 'Human Organ Transplantation Programme'.
Published 04 Apr, 2011 12:00am
Oil price hike: a hard choice

Oil price hike: a hard choice

In a move likely to be heavily criticised all over the country, the government increased the prices of domestic oil products by up to 13 percent with effect from 1st April, 2011. The increase was stated to be in line with the trend in global prices and me
Published 04 Apr, 2011 12:00am
Grappling with extortion mafia

Grappling with extortion mafia

President Zardari has finally taken notice of the menace of extortion that businesses, big and small, face in Karachi. He directed Interior Minister Rehman Malik on Thursday to submit a detailed report to him on the issue and also to take necessary measur
Published 04 Apr, 2011 12:00am
Fire-fighting three years down the line!

Fire-fighting three years down the line!

Three years down the line and the PPP led government remains engaged in fire fighting as far as the economy and indeed politics is concerned. The obvious question is whether the blame resides with the opposition, the government's coalition partners or on
Published 04 Apr, 2011 12:00am
Nuclear power and the safety issues

Nuclear power and the safety issues

Three-Mile Island, Chernobyl and now Fukushima in the wake of Tsunami and earthquake? The world is concerned. Even the meticulous Japanese failed, who are reputed to live for working than otherwise. Safety reviews have been ordered almost every where, exc
Published 04 Apr, 2011 12:00am
A tale of two reactors: Austria's Fukushima that never was

A tale of two reactors: Austria's Fukushima that never was

While thousands have had to flee the area around Japan's Fukushima reactors, hundreds of Austrians flocked to a nearly identical nuclear power plant near Vienna this week, climbed into the dark reactor core and walked freely around the control room.
Published 04 Apr, 2011 12:00am
Afridi wants batting coach

Afridi wants batting coach

Now Afridi Sahib wants a batting coach. That's OK. I think he should now demand coaches for fielding-for on side, off side, slips (one for each slip), leg side and all other fielding points and above all for wicket keeping. Also for batting, there should
Published 04 Apr, 2011 12:00am
Money is yours but resources belong to society

Money is yours but resources belong to society

Germany is a highly industrialised country. It produces top brands like Benz, BMW, Siemens etc. The nuclear reactor pump is made in a small town in this country. In such a country, many will think its people lead a luxurious life. At least that was my imp
Published 04 Apr, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 28 to April 02 2011)

Published 04 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (April 03, 2011) and the forecast for Monday (April 04, 2011).

Published 04 Apr, 2011 12:00am
All set to start census on April 05

All set to start census on April 05

The Population Census Organisation (PCO) of Statistics division has finalised all arrangements across the country, including Azad Jammu and Kashmir and Gilgit-Baltistan for holding of the much awaited 6th Population and Housing Census 2011 from April 5 th
Published 04 Apr, 2011 12:00am
All set to start census on April 05

All set to start census on April 05

The Population Census Organisation (PCO) of Statistics division has finalised all arrangements across the country, including Azad Jammu and Kashmir and Gilgit-Baltistan for holding of the much awaited 6th Population and Housing Census 2011 from April 5 th
Published 04 Apr, 2011 12:00am
TTHE RUPE: slight decline

TTHE RUPE: slight decline

The rupee managed to resist sharp decline against dollar on the currency market during the week ended on April 2, 2011. On the interbank market, the rupee shed five paisa in relation to dollar for buying and selling at 85.40 and 85.45.
Published 04 Apr, 2011 12:00am
TTHE RUPE: slight decline

TTHE RUPE: slight decline

The rupee managed to resist sharp decline against dollar on the currency market during the week ended on April 2, 2011. On the interbank market, the rupee shed five paisa in relation to dollar for buying and selling at 85.40 and 85.45.
Published 04 Apr, 2011 12:00am
Suicide blasts at shrine kill 42

Suicide blasts at shrine kill 42

As many as 42 people were killed and more than 100 others injured in two separate suicide blasts at Darbar Sakhi Sarwar, about 35 kms off Dera Ghazi Khan city on Sunday. The bombers struck outside the shrine of the 13th century Sufi saint Ahmed Sultan, po
Published 04 Apr, 2011 12:00am
Suicide blasts at shrine kill 42

Suicide blasts at shrine kill 42

As many as 42 people were killed and more than 100 others injured in two separate suicide blasts at Darbar Sakhi Sarwar, about 35 kms off Dera Ghazi Khan city on Sunday. The bombers struck outside the shrine of the 13th century Sufi saint Ahmed Sultan, po
Published 04 Apr, 2011 12:00am
Afghan transit cargo: FBR against engaging NLC-hired transport

Afghan transit cargo: FBR against engaging NLC-hired transport

The Federal Board of Revenue (FBR) has proposed to the Ministry of Finance to disallow transport of Afghan transit cargo from Karachi to Amangarh (Nowshera) and Chaman through National Logistics Cell's (NLC) hired mechanical transport (HMT), as HMTs are n
Published 04 Apr, 2011 12:00am
Afghan transit cargo: FBR against engaging NLC-hired transport

Afghan transit cargo: FBR against engaging NLC-hired transport

The Federal Board of Revenue (FBR) has proposed to the Ministry of Finance to disallow transport of Afghan transit cargo from Karachi to Amangarh (Nowshera) and Chaman through National Logistics Cell's (NLC) hired mechanical transport (HMT), as HMTs are n
Published 04 Apr, 2011 12:00am
Afghan transit cargo: FBR against engaging NLC-hired transport

Afghan transit cargo: FBR against engaging NLC-hired transport

The Federal Board of Revenue (FBR) has proposed to the Ministry of Finance to disallow transport of Afghan transit cargo from Karachi to Amangarh (Nowshera) and Chaman through National Logistics Cell''s (NLC) hired mechanical transport (HMT), as HMTs are
Published 04 Apr, 2011 12:00am
Jamadi-ul-Awwal moon may be sighted today

Jamadi-ul-Awwal moon may be sighted today

The new Jamadi-ul-Awwal moon may be sighted today (Monday) according to astronomical parameters. Therefore, the first of Jamadi-ul-Awwal, 1432 AH may fall tomorrow (Tuesday). The moon crossed the conjunction line yesterday (Sunday) at 1932 Pakistan Standa
Published 04 Apr, 2011 12:00am
Jamadi-ul-Awwal moon may be sighted today

Jamadi-ul-Awwal moon may be sighted today

The new Jamadi-ul-Awwal moon may be sighted today (Monday) according to astronomical parameters. Therefore, the first of Jamadi-ul-Awwal, 1432 AH may fall tomorrow (Tuesday). The moon crossed the conjunction line yesterday (Sunday) at 1932 Pakistan Standa
Published 04 Apr, 2011 12:00am
Bilawal briefed about BB murder probe

Bilawal briefed about BB murder probe

Chairman Pakistan People's Party Bilawal Bhutto Zardari, after having a thorough briefing on the investigation into the assassination of Shaheed Benazir Bhutto, said on Sunday the premature release of the entire investigation report could legally sabotage
Published 04 Apr, 2011 12:00am
Bilawal briefed about BB murder probe

Bilawal briefed about BB murder probe

Chairman Pakistan People's Party Bilawal Bhutto Zardari, after having a thorough briefing on the investigation into the assassination of Shaheed Benazir Bhutto, said on Sunday the premature release of the entire investigation report could legally sabotage
Published 04 Apr, 2011 12:00am
Bhutto's 32nd death anniversary today

Bhutto's 32nd death anniversary today

The 32nd death anniversary of Pakistan Peoples Party (PPP) founder Zulfikar Ali Bhutto will be observed across the country on Monday (today). The main ceremony will be held in Garhi Khuda Bux, the final resting-place of Zulfikar Ali Bhutto, who sacrificed
Published 04 Apr, 2011 12:00am
Bhutto's 32nd death anniversary today

Bhutto's 32nd death anniversary today

The 32nd death anniversary of Pakistan Peoples Party (PPP) founder Zulfikar Ali Bhutto will be observed across the country on Monday (today). The main ceremony will be held in Garhi Khuda Bux, the final resting-place of Zulfikar Ali Bhutto, who sacrificed
Published 04 Apr, 2011 12:00am
Positive trend on KSE

Positive trend on KSE

Positive trend was witnessed at the Karachi share market during the week ended on April 1, 2011 and the KSE-100 index increased by 333.51 points to close at 11,885.64 points. Trading improved and the average daily volume at ready counter increased to 78.1
Published 04 Apr, 2011 12:00am
Positive trend on KSE

Positive trend on KSE

Positive trend was witnessed at the Karachi share market during the week ended on April 1, 2011 and the KSE-100 index increased by 333.51 points to close at 11,885.64 points. Trading improved and the average daily volume at ready counter increased to 78.1
Published 04 Apr, 2011 12:00am
Positive trend on KSE

Positive trend on KSE

Positive trend was witnessed at the Karachi share market during the week ended on April 1, 2011 and the KSE-100 index increased by 333.51 points to close at 11,885.64 points. Trading improved and the average daily volume at ready counter increased to 78.1
Published 04 Apr, 2011 12:00am
Futures open interest up 26 percent

Futures open interest up 26 percent

Total open interest at the futures counter increased by 26 percent to Rs 1.88 billion during the week ended on April 2, 2011. On the other hand, the futures spreads also increased by 45bps to 7.93 percent. Trading at the futures counter, however, remained
Published 04 Apr, 2011 12:00am
Futures open interest up 26 percent

Futures open interest up 26 percent

Total open interest at the futures counter increased by 26 percent to Rs 1.88 billion during the week ended on April 2, 2011. On the other hand, the futures spreads also increased by 45bps to 7.93 percent. Trading at the futures counter, however, remained
Published 04 Apr, 2011 12:00am
Futures open interest up 26 percent

Futures open interest up 26 percent

Total open interest at the futures counter increased by 26 percent to Rs 1.88 billion during the week ended on April 2, 2011. On the other hand, the futures spreads also increased by 45bps to 7.93 percent. Trading at the futures counter, however, remained
Published 04 Apr, 2011 12:00am
FIA seeks registration of criminal case: NICL chief

FIA seeks registration of criminal case: NICL chief

The Federal Investigation Agency (FIA) has recommended to the Supreme Court to register a 'criminal case' against Tariq Iqbal Puri, officiating Chairman of National Insurance Company Ltd. (NICL), saying that his unwarranted delay in submission of evaluati
Published 04 Apr, 2011 12:00am
FIA seeks registration of criminal case: NICL chief

FIA seeks registration of criminal case: NICL chief

The Federal Investigation Agency (FIA) has recommended to the Supreme Court to register a 'criminal case' against Tariq Iqbal Puri, officiating Chairman of National Insurance Company Ltd. (NICL), saying that his unwarranted delay in submission of evaluati
Published 04 Apr, 2011 12:00am
FIA seeks registration of criminal case: NICL chief

FIA seeks registration of criminal case: NICL chief

The Federal Investigation Agency (FIA) has recommended to the Supreme Court to register a ''criminal case'' against Tariq Iqbal Puri, officiating Chairman of National Insurance Company Ltd. (NICL), saying that his unwarranted delay in submission of evalua
Published 04 Apr, 2011 12:00am
Thousands mourn the dead as Syrian Prime Minister appointed

Thousands mourn the dead as Syrian Prime Minister appointed

Thousands of Syrians marched through a Damascus suburb Sunday in funerals for those killed in new protests, as the president appointed a former agriculture minister to form a new government as part of limited gestures to those calling for sweeping politic
Published 04 Apr, 2011 12:00am
Thousands mourn the dead as Syrian Prime Minister appointed

Thousands mourn the dead as Syrian Prime Minister appointed

Thousands of Syrians marched through a Damascus suburb Sunday in funerals for those killed in new protests, as the president appointed a former agriculture minister to form a new government as part of limited gestures to those calling for sweeping politic
Published 04 Apr, 2011 12:00am
GCC rejects Iran 'interference'

GCC rejects Iran 'interference'

Gulf Arab states expressed deep concern on Sunday over what they called Iranian interference in their internal affairs, in a statement issued after a foreign affairs meeting in the Saudi capital Riyadh.
Published 04 Apr, 2011 12:00am
GCC rejects Iran 'interference'

GCC rejects Iran 'interference'

Gulf Arab states expressed deep concern on Sunday over what they called Iranian interference in their internal affairs, in a statement issued after a foreign affairs meeting in the Saudi capital Riyadh.
Published 04 Apr, 2011 12:00am
9/11 kin decry plans to house remains at museum

9/11 kin decry plans to house remains at museum

Some relatives of victims who died a decade ago at the World Trade Center are decrying a plan to place more than 9,000 unidentified pieces of human remains at the site of the National September 11 Memorial & Museum. Family members and supporters gathered
Published 04 Apr, 2011 12:00am
9/11 kin decry plans to house remains at museum

9/11 kin decry plans to house remains at museum

Some relatives of victims who died a decade ago at the World Trade Center are decrying a plan to place more than 9,000 unidentified pieces of human remains at the site of the National September 11 Memorial & Museum. Family members and supporters gathered
Published 04 Apr, 2011 12:00am
Senate report to reveal mortgage crisis details: WSJ

Senate report to reveal mortgage crisis details: WSJ

The Senate will soon issue findings of a probe of the US mortgage meltdown that fuelled the global financial crisis, with Goldman Sachs likely to face fresh embarrassment over its role, the Wall Street Journal reported Sunday.
Published 04 Apr, 2011 12:00am
Senate report to reveal mortgage crisis details: WSJ

Senate report to reveal mortgage crisis details: WSJ

The Senate will soon issue findings of a probe of the US mortgage meltdown that fuelled the global financial crisis, with Goldman Sachs likely to face fresh embarrassment over its role, the Wall Street Journal reported Sunday.
Published 04 Apr, 2011 12:00am
Senate report to reveal mortgage crisis details: WSJ

Senate report to reveal mortgage crisis details: WSJ

The Senate will soon issue findings of a probe of the US mortgage meltdown that fuelled the global financial crisis, with Goldman Sachs likely to face fresh embarrassment over its role, the Wall Street Journal reported Sunday.
Published 04 Apr, 2011 12:00am
UN probe follows BB's premonition: Gilani

UN probe follows BB's premonition: Gilani

Prime Minister Yousuf Raza Gilani said here on Sunday that the probe by a United Nations Commission into the death of Benazir Bhutto was conducted to ensure credibility and to dig out facts.
Published 04 Apr, 2011 12:00am
UN probe follows BB's premonition: Gilani

UN probe follows BB's premonition: Gilani

Prime Minister Yousuf Raza Gilani said here on Sunday that the probe by a United Nations Commission into the death of Benazir Bhutto was conducted to ensure credibility and to dig out facts.
Published 04 Apr, 2011 12:00am
Magnitude-6.7 quake strikes off Indonesia

Magnitude-6.7 quake strikes off Indonesia

An earthquake with a magnitude of 6.7 struck early Monday in the Indian Ocean south of the Indonesian island of Java, the US Geological Survey said. The epicentre was 24 kilometres (15 miles) miles deep, they said, after initially estimating it at 10 kilo
Published 04 Apr, 2011 12:00am
Magnitude-6.7 quake strikes off Indonesia

Magnitude-6.7 quake strikes off Indonesia

An earthquake with a magnitude of 6.7 struck early Monday in the Indian Ocean south of the Indonesian island of Java, the US Geological Survey said. The epicentre was 24 kilometres (15 miles) miles deep, they said, after initially estimating it at 10 kilo
Published 04 Apr, 2011 12:00am
Scientists find five new Alzheimer's risk genes

Scientists find five new Alzheimer's risk genes

Scientists looking for the genetic triggers that lead to Alzheimer's have identified five more, doubling the number linked with the mind-wasting disease. If drugs or lifestyle changes could be devised to counter these genetic variations, more than 60 perc
Published 04 Apr, 2011 12:00am
Scientists find five new Alzheimer's risk genes

Scientists find five new Alzheimer's risk genes

Scientists looking for the genetic triggers that lead to Alzheimer's have identified five more, doubling the number linked with the mind-wasting disease. If drugs or lifestyle changes could be devised to counter these genetic variations, more than 60 perc
Published 04 Apr, 2011 12:00am
Government assures MQM of reviewing hike in POL prices

Government assures MQM of reviewing hike in POL prices

Federal Finance Minister Dr Abdul Hafeez Shaikh said on Sunday that the government was trying its level best to burden the people as low as possible and give them some relief, after consultation with the leadership of all political parties of the country.
Published 04 Apr, 2011 12:00am
Government assures MQM of reviewing hike in POL prices

Government assures MQM of reviewing hike in POL prices

Federal Finance Minister Dr Abdul Hafeez Shaikh said on Sunday that the government was trying its level best to burden the people as low as possible and give them some relief, after consultation with the leadership of all political parties of the country.
Published 04 Apr, 2011 12:00am
Government assures MQM of reviewing hike in POL prices

Government assures MQM of reviewing hike in POL prices

Federal Finance Minister Dr Abdul Hafeez Shaikh said on Sunday that the government was trying its level best to burden the people as low as possible and give them some relief, after consultation with the leadership of all political parties of the country.
Published 04 Apr, 2011 12:00am
MONEY WEEK: The fate of fiscal deficit

MONEY WEEK: The fate of fiscal deficit

The Federal Board of Revenue, as expected, and in accordance with its past performance scaled down its revenue target for the current fiscal year by Rs64 billion to Rs1,604 billion. This comes despite the austerity measures taken to boost revenue by Rs53
Published 04 Apr, 2011 12:00am
MONEY WEEK: The fate of fiscal deficit

MONEY WEEK: The fate of fiscal deficit

The Federal Board of Revenue, as expected, and in accordance with its past performance scaled down its revenue target for the current fiscal year by Rs64 billion to Rs1,604 billion. This comes despite the austerity measures taken to boost revenue by Rs53
Published 04 Apr, 2011 12:00am
MONEY WEEK: The fate of fiscal deficit

MONEY WEEK: The fate of fiscal deficit

The Federal Board of Revenue, as expected, and in accordance with its past performance scaled down its revenue target for the current fiscal year by Rs64 billion to Rs1,604 billion. This comes despite the austerity measures taken to boost revenue by Rs53
Published 04 Apr, 2011 12:00am
JI campaign 'go America go' to continue: JI

JI campaign 'go America go' to continue: JI

America has badly entangled in Afghanistan and now is inclined to negotiate with its enemies to ensure the return of its forces safely. The war against terrorism for a decade which has brought irreparable loss to American economy, has also devastated the
Published 04 Apr, 2011 12:00am
PAD advises to grow non-BT cotton

PAD advises to grow non-BT cotton

The Punjab Agriculture Department (PAD) has advised the cotton growers that most suitable time for cultivation of traditional cotton (non-BT) in Multan, Khanewal, Vehari, Lodharan, Bahawalnagar, Bahawalpur, D G Khan, Rajanpur, Muzaffargarh, Layyah and Rah
Published 04 Apr, 2011 12:00am
UAF establishes Model Farm

UAF establishes Model Farm

University of Agriculture, Faisalabad has established Model Farm at Post Graduate Agricultural Research Station (Model Farm) Jhang road with the installation of Drip Irrigation Mechanism along with Modern Precision Agriculture approaches in order to attra
Published 04 Apr, 2011 12:00am
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