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Archive - 2011-04-05
Diamond Foods to buy Pringles from P&G
Top News

Diamond Foods to buy Pringles from P&G

BANGALORE: Diamond Foods Inc plans to buy Pringles from Procter & Gamble Co for $1.5 billion in stock, tripling the size
Published 05 Apr, 2011 06:24pm
SHO, gunman wounded in blast
Top News

SHO, gunman wounded in blast

PESHAWAR: The SHO Shoba police station along with his gunman was injured in a powerful bomb explosion at Rehman colony i
Published 05 Apr, 2011 12:09pm
Foreign exchange rates
Top News

Foreign exchange rates

KARACHI : The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on
Published 05 Apr, 2011 10:35am
Australia? shares up 0.3 percent
Asia

Australia? shares up 0.3 percent

MELBOURNE: Australian shares climbed 0.3 percent on Tuesday to a six-week high as takeover activity in the resources sec
Published 05 Apr, 2011 08:26am
Oil down in Asian trade
Energy

Oil down in Asian trade

SINGAPORE: World oil prices were lower in Asian trade on Tuesday as investors locked in profits from a recent surge, but
Published 05 Apr, 2011 07:28am
HMV warns on profit again
Industry

HMV warns on profit again

LONDON ? : Struggling British music, books and games retailer has issued its third profit warning in three months amid t
Published 05 Apr, 2011 07:01am
Put the creative foot forward
BR Research

Put the creative foot forward

Leadership and creativity have some common traits: not everybody is good at it and those who are, are often envied, ridiculed, or despised f
Published 05 Apr, 2011 12:00am
PTCL revises Vfone family package

PTCL revises Vfone family package

Pakistan Telecommunication Company Ltd (PTCL) has revised its Vfone family package daily line rent, which will be executed from Tuesday.
Published 05 Apr, 2011 12:00am
Briefing on Thar coal and water plants

Briefing on Thar coal and water plants

Secretary Sindh Coal Authority Aijaz Ali Khan has said that the government has made hectic efforts to increase electricity generation capacity of the country. The first phase of Thar coal project will be launched in next month under the directives of the
Published 05 Apr, 2011 12:00am
Call for promoting tolerance for progress, development

Call for promoting tolerance for progress, development

Senior Advisor to Chief Minister Punjab, Sirdar Zulfiqar Ali Khan Khosa has said that terrorism and extremism are menace for the society and need of the hour is to promote tolerance and patience for the progress and development of the country.
Published 05 Apr, 2011 12:00am
PBM, AHI to work together on welfare projects

PBM, AHI to work together on welfare projects

Managing Director, Pakistan Baitul Maal (PBM) on Monday said PBM and Anjuman Hemayat-e-Islam (AHI) would work on various projects for the welfare of orphan children.
Published 05 Apr, 2011 12:00am
'6th Census 2011' begins today

'6th Census 2011' begins today

Pakistan Census Organisation has launched '6th Census Pakistan 2011' on Tuesday. In the first phase House Listing is being undertaken from April 5-19, 2011 during which all residential and non-residential building will be marked with digital codes and inf
Published 05 Apr, 2011 12:00am
Registration of property has become more expensive: World Bank

Registration of property has become more expensive: World Bank

The World Bank annual report 'Ease of Doing Business Report 2011' said that Pakistan made registering property more expensive by doubling the capital value tax to 4 percent and ranked 126 out of 183 economies of the world.
Published 05 Apr, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Divergent trend was witnessed on the currency market on Monday as the rupee performed on both sides during the session, dealers said. The rupee gained two paisa in relation to dollar for buying at 85.38 and picked up three paisa for selling at 85.42, they
Published 05 Apr, 2011 12:00am
Darbar Sakhi Sarwar reopens

Darbar Sakhi Sarwar reopens

The shrine of Darbar Sakhi Sarwar reopened on Monday (yesterday) for devotees after suicide blasts in which at least 45 devotees were killed and over 110 injured, some 135 kilometres west of Multan, here on Sunday. The area markets remain closed. The loca
Published 05 Apr, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Divergent trend was witnessed on the currency market on Monday as the rupee performed on both sides during the session, dealers said. The rupee gained two paisa in relation to dollar for buying at 85.38 and picked up three paisa for selling at 85.42, they
Published 05 Apr, 2011 12:00am
KSE to discontinue clearing house accounts with Mybank

KSE to discontinue clearing house accounts with Mybank

Karachi Stock Exchange (KSE) will be discontinuing clearing house accounts with Mybank Limited with effect from April 18, 2011 due to shifting of bank's branch from KSE premises. In a notice issued on Monday, the KSE informed all its members that Mybak is
Published 05 Apr, 2011 12:00am
Pakistani killed in UAE

Pakistani killed in UAE

Police in the United Arab Emirates say gunmen have killed a former Pakistani mayor accused in the murder of an official in his homeland. According to the police, Iftikhar Ahmed Khan was shot five times in the head on Saturday in Ajman, an emirate east of
Published 05 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Agriculture scientists urged to initiate productive projects

Agriculture scientists urged to initiate productive projects

Secretary, Ministry of Food, Agriculture and Livestock Shafqat Naghmi has urged the agriculture scientists to develop such projects, which have positive impact on the country's economy. This he stated while presiding over the 4th meeting of the Programme
Published 05 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Captured bomber vows attacks

Captured bomber vows attacks

His accomplices brought carnage to a Sufi shrine, but the 14-year-old suicide bomber who was captured after his explosives failed to detonate was unrepentant. ``Let me go, I want to be a martyr,' he said as he was being led away, according to police offic
Published 05 Apr, 2011 12:00am
MQM set to perform decisive role in Punjab: Jalil

MQM set to perform decisive role in Punjab: Jalil

The Muttahida Qaumi Movement (MQM) is all set to perform a decisive role in Punjab and emerge as third option for the people of Pakistan, said Wasay Jalil, member co-ordination committee of the party here on Monday. "People of Punjab will stand for their
Published 05 Apr, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Cement despatches during July-March decline by 7.86 percent

Cement despatches during July-March decline by 7.86 percent

Cement despatches during the July-March period of the current fiscal amounted to 16.017 million tons, a decline of 7.86 percent as compared to despatches of 17.383 million tons achieved during the corresponding period of last year, claims data released by
Published 05 Apr, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
KIEA hails expansion of zero-rating compass

KIEA hails expansion of zero-rating compass

Chairman, Khurrianwala Industrial Estate Association (KIEA) Azhar Majeed Sheikh hailing the expansion of zero-rating compass to cover vast range of inputs and raw material supplies. He also appreciated the efforts of Finance Minister, Abdul Hafeez Sheikh
Published 05 Apr, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Pakistan has potential to generate 20,000MW for 50 years: Hamza

Pakistan has potential to generate 20,000MW for 50 years: Hamza

MNA Hamza Shahbaz has said that Pakistan has potential to generate electricity amounting to 20,000 MW for over 50 years by using only 2 percent of the coal available in the country. Despite this ending wealth, Pakistani people and industry are facing the
Published 05 Apr, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Zero-rating status best for export industry: SCCI

Zero-rating status best for export industry: SCCI

President Sialkot Chamber of Commerce and Industry (SCCI) Ghulam Mustafa Chaudhry in a press statement has expressed gratitude to Salman Siddique Chairman, FBR for resolving problems of the export industry of Sialkot. He said that in the meeting at Islama
Published 05 Apr, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
LHC summons CCPO in Shisha raid case

LHC summons CCPO in Shisha raid case

The Lahore High Court here Monday directed CCPO Aslam Tareen to appear before the court on April 11 in a petition of two cafes for stopping them from offering Shisha. Earlier, Model Town SP appeared before the court and said Shisha cafes were hub of narco
Published 05 Apr, 2011 12:00am
PU BA/BSc annual exams from April 7

PU BA/BSc annual exams from April 7

Punjab University BA/BSc Annual Examination 2011 will commence from April 7, 2011, for which roll number slips have been dispatched to all candidates through registered mail on their addresses. If any candidate has not received slip, he/she can receive th
Published 05 Apr, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
FAP rejects levy of 17 percent RGST on agriculture inputs

FAP rejects levy of 17 percent RGST on agriculture inputs

Farmer's Associates Pakistan (FAP) has rejected the government's decision to levy 17 percent sales tax on agriculture machinery, fertiliser, pesticides, seeds and other agriculture inputs and said it would make food items more costlier for the common man
Published 05 Apr, 2011 12:00am
FAP rejects levy of 17 percent RGST on agriculture inputs

FAP rejects levy of 17 percent RGST on agriculture inputs

Farmer's Associates Pakistan (FAP) has rejected the government's decision to levy 17 percent sales tax on agriculture machinery, fertiliser, pesticides, seeds and other agriculture inputs and said it would make food items more costlier for the common man
Published 05 Apr, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Aptma lauds Chairman FBR for new ST regime

Aptma lauds Chairman FBR for new ST regime

Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz on Monday lauded Chairman Federal Board of Revenue (FBR) for introducing new Sales Tax regime in order to facilitate the textile industry. Addressing a press conference here he termed the
Published 05 Apr, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
UAF joins hands with France to improve agriculture production

UAF joins hands with France to improve agriculture production

The University of Agriculture (UAF) has joined hands with France to improve agricultural production of Pakistan. French Ambassador Daniel Jouanneau on Monday addressed an international symposium on date palms as a chief guest by the Institute of Horticult
Published 05 Apr, 2011 12:00am
Vintage car rally today

Vintage car rally today

The Lahore Chamber of Commerce and Industry (LCCI), as part of celebrations in connection with the 'Lahore Shopping Festival' is holding a 'Vintage Car Rally in the city on Tuesday (today) to create awareness amongst the younger generation about classic c
Published 05 Apr, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
PETF to launch educational budget enhancement drive

PETF to launch educational budget enhancement drive

The Pakistan Education Task Force (PETF) has planned to launch campaign to enhance education budget from existing 1.4 percent to 4 percent and a signature campaign to be sent to the President, Prime Minister, Chief Ministers and Parliamentarians in this r
Published 05 Apr, 2011 12:00am
Bhutto's death anniversary observed in Bahawalpur

Bhutto's death anniversary observed in Bahawalpur

The 32nd death anniversary of Shaheed Zulfiqar Ali Bhutto was observed on Monday in the district. Office bearers of Pakistan People's Party (PPP) and supporters attended Quran Khwani. The participants paid glowing tribute to ZAB by remembering his service
Published 05 Apr, 2011 12:00am
Flood-hit areas: Balochistan seeks Rs 3.2 billion for reconstruction

Flood-hit areas: Balochistan seeks Rs 3.2 billion for reconstruction

Balochistan has requested the federal government to approve a financial package of Rs 3.2 billion for the reconstruction of flood hit roads, bridges and allied structures. A PC-1 on the project titled 'Reconstruction/operation work of Roads, Bridges and A
Published 05 Apr, 2011 12:00am
YDA strike in Islamabad, Punjab continues

YDA strike in Islamabad, Punjab continues

The Young Doctors Association (YDA) continued boycott of public sector hospitals in Punjab as well as in the federal capital, as the issue of pay raise and regularisation of contract doctors remained unresolved. The YDA Punjab had launched a movement 35 d
Published 05 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (April 04, 2011) and for Tuesday (April 05, 2011).
Published 05 Apr, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
President gives APNS award to Synergy Advertising

President gives APNS award to Synergy Advertising

The jury of All Pakistan Newspapers Society (APNS) once again judged Synergy Advertising the best in Product Ad category for the 21st APNS Awards. The Awards function was held at Islamabad. Asif Ali Zardari, President of Pakistan gave away the awards to t
Published 05 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 05 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 05 Apr, 2011 12:00am
Ahmad Mukaram pinned badges of DIG rank

Ahmad Mukaram pinned badges of DIG rank

Inspector General of Police, Islamabad Wajid Ali Khan Durrani on Monday pinned badges of DIG rank to the newly promoted officer of Police Services of Pakistan, Ahmad Mukaram. A ceremony was formally held in this connection at Central Police Office. AIG (E
Published 05 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 04, 2011).

Published 05 Apr, 2011 12:00am
Capital police nab nine suspects

Capital police nab nine suspects

Capital police arrested nine persons including two proclaimed offenders during special checking in different parts of the city. Police recovered 169 bottles of liquor, 1.250 kg charas, two pistols and other looted items from their possession, said a spoke
Published 05 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Monday (April 04, 2011) and the forecast for Tuesday (April 05, 2011).

Published 05 Apr, 2011 12:00am
PVDP observes World Water Day

PVDP observes World Water Day

The Pakistan Village Development Program (PVDP), in collaboration with Norwegian Church Aid (NCA), on Monday observed World Water Day here at Banda Sheikh Ismail union council, Mohib Banda, in district Nowshera. The purpose of the event was creation of aw
Published 05 Apr, 2011 12:00am
Raja Zafarul Haq accuses PPP of sabotaging CoD

Raja Zafarul Haq accuses PPP of sabotaging CoD

Pakistan Muslim League-Nawaz (PML-N) central leader, Senator Raja Zafar-ul-Haq on Monday lashed out at ruling Pakistan People's Party for, what he said, brining the country to the verge of collapse due to their anti-people policies and sabotaging Charter
Published 05 Apr, 2011 12:00am
Most 'wanted terrorists' rounded up

Most 'wanted terrorists' rounded up

Law enforcement agencies have rounded up three most wanted terrorists of Tehreek-e-Taliban Pakistan (TTP) who were the mastermind of Dera Ghazi Khan shrine suicide blasts from the Lahore-Islamabad Motorway (near Islamabad Interchange). Three terrorists, w
Published 05 Apr, 2011 12:00am
SNGPL cuts gas supply to five power plants

SNGPL cuts gas supply to five power plants

A gas supply cut to five power plants by the Sui Northern Gas Pipe Lines (SNGPL) has resulted into power shortfall of another 1000 MW in the system, said Pakistan Electric Power Company (Pepco) spokesman.
Published 05 Apr, 2011 12:00am
ZTBL promoting solar, wind technologies

ZTBL promoting solar, wind technologies

Zarai Taraqiati Bank Ltd (ZTBL) in collaboration with Chinese firms is promoting agriculture technology, especially solar & wind technology to facilitate the poor farmers of the country through cheap source of energy. This was stated by President ZTBL, Mu
Published 05 Apr, 2011 12:00am
Government urged to reduce cost of doing business

Government urged to reduce cost of doing business

The business community has urged the government to reduce the cost of borrowing to offset the impact of the raise in petroleum and electricity prices and imposition of flood surcharge that has significantly increased the cost of doing business in the coun
Published 05 Apr, 2011 12:00am
Emaar lauds Pakistan's pro-investment policies

Emaar lauds Pakistan's pro-investment policies

Emaar Pakistan, the country subsidiary of global property developer Emaar Properties PJSC, has highlighted its commitment to heralding a new era in integrated community development through the use of innovative construction techniques and technologies acr
Published 05 Apr, 2011 12:00am
Jamaat-e-Islami condemns bomb blast in Lower Dir

Jamaat-e-Islami condemns bomb blast in Lower Dir

The Jamaat-e-Islami chief, Syed Munawar Hasan and JI Secretary General, Liaquat Baloch, have strongly condemned the bomb blast in Lower Dir resulting in several deaths. Syed Munawar Hasan, said that the government had miserably failed in maintaining law a
Published 05 Apr, 2011 12:00am
Taxing middlemen will hurt small farmers: analysts

Taxing middlemen will hurt small farmers: analysts

The Federal Board of Revenue's (FBR) decision to tax the middlemen (Arthi) engaged in agri-trading would hurt the small farmers as the middlemen would pass the burden onto the farmers, a survey carried out by Business Recorder revealed.
Published 05 Apr, 2011 12:00am
Young doctors' strike in the Punjab

Young doctors' strike in the Punjab

The young doctors' strike for higher pay continues as the number of casualties across the Punjab rise due to the refusal of the doctors to even treat emergency patients. Estimates of the death toll as a consequence of such deplorable action vary from betw
Published 05 Apr, 2011 12:00am
Carnage at a shrine

Carnage at a shrine

There are distinct tell-tale signs that the two suicide bombings - the third was partial as it only partly exploded injuring the bomber - at the Sakhi Sarwar shrine on Sunday causing at least 42 deaths and injuries to thrice that number were the handiwork
Published 05 Apr, 2011 12:00am
Of the 'out-of-the-box' solutions

Of the 'out-of-the-box' solutions

In his recent address at the Pakistan Institute of Development Economics, President Zardari prodded the country's economists into finding 'out of the box' solutions to Pakistan's economic problems - a hint about the economy being 'in the box', which may r
Published 05 Apr, 2011 12:00am
Japan crisis fuels India nuclear safety concerns

Japan crisis fuels India nuclear safety concerns

Japan's nuclear crisis has fuelled public unease in India over ambitious government plans to ramp up nuclear power capacity to feed the country's growing, energy-hungry economy. India - both a civilian and a military nuclear power - currently has 20 react
Published 05 Apr, 2011 12:00am
ZAB's reference

ZAB's reference

There is little doubt that ZAB's hanging had political rather than legal reasons, which should have been revisited a long time ago. His untimely death was an irreparable national loss. But AAZ instead of properly investigating BB's assassination, took leg
Published 05 Apr, 2011 12:00am
The case of 'Raiwind Davis'

The case of 'Raiwind Davis'

One was quite amused to hear Punjab Chief Minister, Shahbaz Sharif, during a press conference the other day, accusing the federal government for engineering the acquittal and manipulating quick exit of the alleged killer of two Pakistanis, Raymond Davis t
Published 05 Apr, 2011 12:00am
State Bank renews status of JCR-VIS, Pacra

State Bank renews status of JCR-VIS, Pacra

The State Bank of Pakistan (SBP) has renewed the status of External Credit Assessment Institutions (ECAIs) of both credit rating agencies operating in Pakistan, namely JCR-VIS Credit Rating Company, and Pakistan Credit Rating Agency, for calendar year 201
Published 05 Apr, 2011 12:00am
CDC launches two facilities for its customers

CDC launches two facilities for its customers

In order to ensure more transparency by keeping investors constantly updated of their investment portfolio in CDS, the Central Depository Company of Pakistan Limited (CDC) has launched two free of cost facilities, namely 'eStatement' and 'eAlerts', for it
Published 05 Apr, 2011 12:00am
CDC launches two facilities for its customers

CDC launches two facilities for its customers

In order to ensure more transparency by keeping investors constantly updated of their investment portfolio in CDS, the Central Depository Company of Pakistan Limited (CDC) has launched two free of cost facilities, namely 'eStatement' and 'eAlerts', for it
Published 05 Apr, 2011 12:00am
Malik meets UAE vice Prime Minister

Malik meets UAE vice Prime Minister

Federal Minister for Interior Rehman Malik held a meeting with Sheikh Saif bin Zayed Al Nahyan, Vice Prime Minister and Interior Minister of the United Arab Emirates (UAE) in Abu Dhabi. According to a press release issued by the Ministry of Interior here
Published 05 Apr, 2011 12:00am
New challenges for automakers in wake of Japan's natural disaster

New challenges for automakers in wake of Japan's natural disaster

In the wake of Japan's 9.0-magnitude earthquake, subsequent tsunami and ensuing nuclear crisis, the country's economic losses have soared to more than 300 billion dollars. The immediate economic impact, of what is being considered Japan's worst natural di
Published 05 Apr, 2011 12:00am
PEF outlines a way forward

PEF outlines a way forward

The Pakistan Business Council (PBC), a group comprising of leading Pakistani companies, hosted the Pakistan Economic Forum (PEF) earlier in the week. The purpose of the economic forum was to highlight and identify solutions and a way forward to five key s
Published 05 Apr, 2011 12:00am
Two persons drowned

Two persons drowned

A 42 years old man and his nephew were drowned near Hub Chowki on Monday. According to details, the victim Saleem Ansari and his nephew Waseem Ansari 28, who went to Hub River for fishing, were drowned near Hub Chowki on Monday. Rescue teams rushed to the
Published 05 Apr, 2011 12:00am
Alleged dacoit killed in encounter

Alleged dacoit killed in encounter

An alleged dacoit was killed in a police encounter near Kala Pul in the limits of Defence police station. According to details, two alleged bandits, who were trying to snatch a motorbike from Muhammad Shareef at gunpoint near Kala Pul near Tooba Mosque De
Published 05 Apr, 2011 12:00am
Ufone project wins ICAP award

Ufone project wins ICAP award

The Professional Accountants in Business (PAIB) Committee of ICAP has conferred Best Corporate Sector Project Award to Ufone's 'Telecom Passive Infrastructure Sharing Project'. The award was given at an impressive ceremony held at Marriott Hotel, Karachi.
Published 05 Apr, 2011 12:00am
CCP issues show-cause notice to EVTL

CCP issues show-cause notice to EVTL

The Competition Commission of Pakistan (CCP) has issued show cause notice to M/s Engro Vopak Terminal Limited (EVTL) for prima facie abusing its dominant position by imposing unfair trading conditions and also employing constructive refusal to deal strate
Published 05 Apr, 2011 12:00am
Five including two ASWJ activists gunned down

Five including two ASWJ activists gunned down

At least five persons including two activists of Ahle Sunnat Wal Jamaat (ASWJ) were gunned down in separate incidents of targeted killing at various parts of the metropolis here on Monday. According to details, some two activists of ASWJ formerly known as
Published 05 Apr, 2011 12:00am
Illegal hydrants: over 431 million gallons water being stolen monthly

Illegal hydrants: over 431 million gallons water being stolen monthly

Over 431,040,000 gallons water is being stolen monthly via 51,840 tankers from illegal hydrants established near Chakra Goth and Ibrahim Hyderi. Powerful mafia, with the help of influential people, started earning Rs 32,736,000 per month. Mostly skin and
Published 05 Apr, 2011 12:00am
Abducted tribal elder found dead

Abducted tribal elder found dead

Intelligence officials and a local resident say the bullet-riddled body of a tribal elder has been found, six weeks after his abduction. Sardar Amanuddin had urged displaced members of the Mehsud tribe to return to South Waziristan, a tribal area where th
Published 05 Apr, 2011 12:00am
Census programme a national duty: Khwaja

Census programme a national duty: Khwaja

The Director Military Lands and Cantonment (DML&C) Karachi presided a coordination meeting in the wake of Census programme in 8 Cantonments in Sindh. The meeting was attended by census department officers and CEOs of their respective Boards. While address
Published 05 Apr, 2011 12:00am
Rs 53 million released for quake-hit AJK

Rs 53 million released for quake-hit AJK

The government of Pakistan released the funds of Rs 53 million against the waved off debts of October, 2005 devastating earthquake-hit business community of Azad Jammu Kashmir (AJK). Official sources told newsmen here on Monday, the government had provide
Published 05 Apr, 2011 12:00am
Three more coalminers killed in Balochistan

Three more coalminers killed in Balochistan

Three more coalminers have been killed in separate accidents inside mines in Marwar and Machh mines areas in Balochistan. Reports reaching on Monday said that due to absence of rescue plan and protective equipments, two coalminers were killed on the spot
Published 05 Apr, 2011 12:00am
Telenor collaborates with Nokia

Telenor collaborates with Nokia

Telenor Pakistan has joined hands with Nokia whereby applications published by Telenor Pakistan will be hosted on Nokia's Ovi Store. This was announced at a signing ceremony held on Monday. The first of the applications include games and comedy content. W
Published 05 Apr, 2011 12:00am
US MIDDAY: gold up, silver hits 31-year highs

US MIDDAY: gold up, silver hits 31-year highs

Gold rose and silver surged to 31-year highs on Monday, as fresh gains that pushed oil and grain prices to their highest since 2008 stoke inflation worries. While silver streaked ahead, rising to its strongest relative to gold since 1983 after the Hunt Br
Published 05 Apr, 2011 12:00am
US MIDDAY: gold up, silver hits 31-year highs

US MIDDAY: gold up, silver hits 31-year highs

Gold rose and silver surged to 31-year highs on Monday, as fresh gains that pushed oil and grain prices to their highest since 2008 stoke inflation worries. While silver streaked ahead, rising to its strongest relative to gold since 1983 after the Hunt Br
Published 05 Apr, 2011 12:00am
US MIDDAY: gold up, silver hits 31-year highs

US MIDDAY: gold up, silver hits 31-year highs

Gold rose and silver surged to 31-year highs on Monday, as fresh gains that pushed oil and grain prices to their highest since 2008 stoke inflation worries. While silver streaked ahead, rising to its strongest relative to gold since 1983 after the Hunt Br
Published 05 Apr, 2011 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

Copper ended lower on Monday, failing to sustain an earlier rise as investors weighed the potential bullish impact of a big mining acquisition against a more subdued Chinese presence at the start of 2011. Copper's seemingly indecisive mood was exacerbated
Published 05 Apr, 2011 12:00am
US MIDDAY: corn, wheat up; soya down

US MIDDAY: corn, wheat up; soya down

US corn and wheat futures at the Chicago Board of Trade were up sharply early on Monday, with corn reacting to expectations for tight supplies and wheat lifted by dry weather in the US Plains, traders said. Soyabean futures opened higher, but gains faded
Published 05 Apr, 2011 12:00am
US MIDDAY: cocoa, sugar up

US MIDDAY: cocoa, sugar up

US cocoa futures finished modestly higher in heavy volume on Monday, on May/July spreading and as the crisis in top grower Ivory Coast escalated. Arabica coffee closed at a seven-week low on seasonal pressure while raw sugar finished strong. The benchmark
Published 05 Apr, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose back above $1,430 an ounce on Monday as oil prices climbed and the dollar eased, and as traders anticipate a rate hike from the European Central Bank may lead to further weakness in the US currency. Rising interest rates are generally negative f
Published 05 Apr, 2011 12:00am
Gold edges up in Asia

Gold edges up in Asia

Spot gold edged up on Monday, as higher oil prices amid the ongoing Middle East crisis and a firm euro on expectations of a European Central Bank rate hike lent support. Upbeat US employment data last Friday, indicating that the global economy was likely
Published 05 Apr, 2011 12:00am
Liffe coffee falls, May premium collapses

Liffe coffee falls, May premium collapses

Liffe May robusta coffee ended $82 lower at $2,339 a tonne on Monday as the premium on the contract over July collapsed to close at $31. Heavy selling of both May flat prices and the May/July spread weighed. Liffe July cocoa ended 5 pounds higher at 1,955
Published 05 Apr, 2011 12:00am
Malaysian palm oil rises to near two-week high

Malaysian palm oil rises to near two-week high

Malaysian palm oil futures rose to a near two-week high on Monday, as higher prices of competing soyaoil could kick in demand for the tropical oil at time when its production is on the rise. Soyaoil has rallied since last week after the US Department of A
Published 05 Apr, 2011 12:00am
Tokyo rubber futures jump

Tokyo rubber futures jump

Key Tokyo rubber futures jumped 4 percent to their highest in about a month on Monday, supported by a weaker yen, higher oil prices and supply concerns. The key Tokyo Commodity Exchange rubber contract for September delivery ended up 16.7 yen, or 3.9 perc
Published 05 Apr, 2011 12:00am
Oil climbs to highest since September 2008

Oil climbs to highest since September 2008

Oil prices rose to their highest since September 2008 on Monday, with Brent surging above $121 a barrel as Nigerian election delays and a short-lived strike in Gabon joined a list of geopolitical supply concerns. Prices rose for a third session on persist
Published 05 Apr, 2011 12:00am
Copper falls as China demand worries linger

Copper falls as China demand worries linger

Copper fell on Monday, reversing early gains as investors shifted their focus from upbeat US economic data to recent softness in demand from China, where the markets will be closed until Wednesday. Battery material lead touched a three-year high of $2,835
Published 05 Apr, 2011 12:00am
New York cotton ends flat

New York cotton ends flat

US cotton futures closed flat on Monday as investors awaited a supply/demand report from the US Department of Agriculture, but new-crop contracts rose 3 percent on buying related to spreads. The key May cotton contract on ICE Futures US ended unchanged at
Published 05 Apr, 2011 12:00am
Japan releases radioactive seawater, uses bath salts to find leak

Japan releases radioactive seawater, uses bath salts to find leak

Japanese engineers were forced on Monday to release radioactive water into the sea while resorting to desperate measures such as using bath salts to try to find the source of leaks at a crippled nuclear power complex hit by a tsunami on March 11. Engineer
Published 05 Apr, 2011 12:00am
Japan seeks Russian help to end nuclear crisis

Japan seeks Russian help to end nuclear crisis

Japan has asked nuclear superpower Russia to send a special radiation treatment ship used to decommission nuclear submarines to help in its fight to contain the world's worst atomic crisis since Chernobyl, Japanese media said late on Monday. Japan has als
Published 05 Apr, 2011 12:00am
Libyan wounded describe 'hell' of Misrata

Libyan wounded describe 'hell' of Misrata

Forces loyal to Libyan leader Muammar Qadhafi are staging a "massacre" in the besieged city of Misrata, evacuees said on Monday, as Turkey said it was trying to broker a cease-fire to halt the bloodshed. With Libya in chaos as Qadhafi's troops battle rebe
Published 05 Apr, 2011 12:00am
Egypt freezes assets of three former Mubarak aides

Egypt freezes assets of three former Mubarak aides

Egypt's army rulers froze assets belonging to three former aides of deposed President Hosni Mubarak, meeting a demand of reformers seeking tough action against figures of the past administration. The decision on Monday applies to Fathi Sorour, the former
Published 05 Apr, 2011 12:00am
UN plane crash in Congo kills 26

UN plane crash in Congo kills 26

A UN plane carrying staff members and peacekeepers crashed Monday upon landing at the airport in Congo's capital, breaking into pieces and killing at least 26 people, a top Congolese aviation official said. The cause of the crash was not immediately known
Published 05 Apr, 2011 12:00am
Protesters demand resignation of Kurdish government

Protesters demand resignation of Kurdish government

Thousands of protesters in Iraq's semi-autonomous Kurdistan region called on Monday for the immediate resignation of the entire regional government, saying it had failed to provide democracy and justice. The Kurdish zone, dominated for decades by two poli
Published 05 Apr, 2011 12:00am
British Boeing grounded in Greece by bomb hoax

British Boeing grounded in Greece by bomb hoax

A British Boeing jet made an emergency landing in Athens after a bomb threat but no explosives were found on the plane, Greek authorities said on Monday. The plane, chartered by Thomson Airways, was travelling from the British city of Bristol to the Egypt
Published 05 Apr, 2011 12:00am
Than Shwe retires as Myanmar military chief

Than Shwe retires as Myanmar military chief

Than Shwe, the general who ruled Myanmar with an iron fist for 19 years, has retired as head of the military after handing power to a nominally civilian government, officials said Monday. The postman-turned-dictator last week disbanded the junta, the Stat
Published 05 Apr, 2011 12:00am
Three guilty of stealing former Cyprus president's body

Three guilty of stealing former Cyprus president's body

Two Cypriots and an Indian accused of stealing the remains of Cyprus's former president Tassos Papadopoulos were found guilty by the criminal court on Monday. The body was dug up in Kato Deftera cemetery on December 11, 2009 in one of the most bizarre cas
Published 05 Apr, 2011 12:00am
UK Army, navy to shed 2,600 staff in initial job cuts

UK Army, navy to shed 2,600 staff in initial job cuts

The British government fleshed out details of planned redundancies across the army and navy on Monday as a top commander warned the military could struggle to cope with future demands if extra funding was not forthcoming. Announcing the lay-offs Commodore
Published 05 Apr, 2011 12:00am
Ouattara's forces begin Abidjan assault

Ouattara's forces begin Abidjan assault

Fighters backing Ivory Coast presidential claimant Alassane Ouattara streamed into the main city Abidjan on Monday in what they called a "final assault" to remove Laurent Gbagbo from his stronghold. Gunfire rang out across the city and explosions and firi
Published 05 Apr, 2011 12:00am
Bodies seen in wreckage of Air France Atlantic crash jet

Bodies seen in wreckage of Air France Atlantic crash jet

Salvage workers will soon start pulling up from the ocean floor the bodies of passengers and wreckage found almost two years after an Air France jet fell into the Atlantic, officials said Monday. The discovery of the wreckage has raised hopes that the pla
Published 05 Apr, 2011 12:00am
India kicks off state polls in first big test for Congress

India kicks off state polls in first big test for Congress

Tens of thousands of Indians in the insurgency-racked state of Assam cast votes on Monday for a state assembly, with the ruling Congress party seen as the early favourite in its first big test since it became embroiled in several corruption scandals.
Published 05 Apr, 2011 12:00am
Action needed to address nuclear fears: IAEA chief

Action needed to address nuclear fears: IAEA chief

The head of the UN nuclear agency called on Monday for international action to prevent a repetition of Japan's nuclear disaster, saying the operator of the crippled plant failed to take sufficient safety measures. Yukiya Amano, director general of the Int
Published 05 Apr, 2011 12:00am
Bangladesh demonstration over women's rights turns violent

Bangladesh demonstration over women's rights turns violent

Dozens of people were injured and more than 100 arrested Monday as Bangladeshi police clashed with protesters during a strike by Islamic parties against a proposed law to give women equal property rights. Violence broke out in at least four places, with p
Published 05 Apr, 2011 12:00am
Israel okays 942 new E Jerusalem settler homes

Israel okays 942 new E Jerusalem settler homes

Jerusalem city council on Monday approved the construction of 942 new homes in Gilo, a settlement neighbourhood in the city's eastern sector, a councillor told AFP. Elisha Peleg, a councillor from the right-wing Likud party, confirmed that the new constru
Published 05 Apr, 2011 12:00am
Afridi ready to tour West Indies

Afridi ready to tour West Indies

Pakistan's limited overs cricket captain Shahid Afridi has made himself available for the tour of West Indies after previously planning on missing the series. "I had decided to skip the tour because I wanted to take a break from the game, but some former
Published 05 Apr, 2011 12:00am
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