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Archive - 2011-04-18
Four more killed in Karachi violence
Top News

Four more killed in Karachi violence

KARACHI: At least four people were killed in different incidents of violence in metropolis on Tuesday, police said. A
Published 18 Apr, 2011 09:59pm
European stocks down sharply
Financial

European stocks down sharply

LONDON: European stock markets fell sharply Monday as a Standard & Poor's downgrade on the US debt outlook spooked inves
Published 18 Apr, 2011 08:26pm
81 hurt in Iraq clashes with protesters
Top News

81 hurt in Iraq clashes with protesters

SULAIMANIYAH: Eighty-one people were wounded, nine by live fire, in a second day of clashes between protesters and secur
Published 18 Apr, 2011 07:18pm
Food export increases by 25.55pc
Top News

Food export increases by 25.55pc

ISLAMABAD: The food group export from the country during last nine months of current financial year registered an increa
Published 18 Apr, 2011 07:00pm
Pakistan urges US to stop drone strikes
Top News

Pakistan urges US to stop drone strikes

ISLAMABAD: Prime Minister Yousuf Raza Gilani urged the United States Monday to end its drone strikes in Pakistan and sai
Published 18 Apr, 2011 06:43pm
Businessmen oppose wealth tax
Top News

Businessmen oppose wealth tax

KARACHI: The country's business community has opposed imposition of wealth tax and suggested the government to take them
Published 18 Apr, 2011 05:03pm
High oil may hit global recovery: India
Top News

High oil may hit global recovery: India

MUMBAI: India's central bank governor has warned that a sustained rise in oil prices, along with social and political tu
Published 18 Apr, 2011 08:17am
US economists fear spill-over from Japan
Top News

US economists fear spill-over from Japan

WASHINGTON: Turmoil in Japan could spell higher costs and choppy sales for US firms, according to a survey of trade econ
Published 18 Apr, 2011 05:11am
Two holidays won fix it
BR Research

Two holidays won fix it

The average salaried class must be over the moon for having a two-day weekend throughout the summers as holidays are all they crave for. Apa
Published 18 Apr, 2011 12:00am
Scientists find way to map brain's complexity

Scientists find way to map brain's complexity

Scientists say they have moved a step closer to developing a computer model of the brain after finding a way to map both the connections and functions of nerve cells in the brain together for the first time.
Published 18 Apr, 2011 12:00am
Young penguins dying due to lack of food

Young penguins dying due to lack of food

Young penguins in the Antarctic may be dying because they are having a tougher time finding food, as melting sea ice cuts back on the tiny fish they eat, US researchers suggested on April 11. Only about 10 percent of baby penguins tagged by researchers ar
Published 18 Apr, 2011 12:00am
APHC not to participate in Indian round table on Kashmir

APHC not to participate in Indian round table on Kashmir

The All Parties Hurriyet Conference (APHC) has said that it will not participate in the round-table conference called by India's interlocutors on Kashmir. The APHC spokesman said that mandate of the interlocutors was restricted to recommendations while th
Published 18 Apr, 2011 12:00am
Holmium Laser machine worth Rs 15 million installed in LGH

Holmium Laser machine worth Rs 15 million installed in LGH

On the directions of Chief Minister Punjab, Shahbaz Sharif, the implementation on up-gradation plan of Lahore General Hospital is continue to make the hospital a state of the art institution. In this connection, a latest Holmium Laser machine has been ins
Published 18 Apr, 2011 12:00am
Aashiyana Housing Scheme termed revolutionary project

Aashiyana Housing Scheme termed revolutionary project

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that 'Aashiyana Housing Scheme' is a revolutionary project of Punjab government under which such modern residential facilities will be provided to the poor, labourers, orphans, widows and the familie
Published 18 Apr, 2011 12:00am
Bags for wheat procurement from today

Bags for wheat procurement from today

The Food Department has evolved a comprehensive formula to issue 'Bardana' (bags) to wheat growers from Monday. According to a spokesman of the Food Department, the wheat procurement drive will start in Punjab from April 20. In this connection, 50 percent
Published 18 Apr, 2011 12:00am
Water charges: field staff directed to ensure 80 percent collection

Water charges: field staff directed to ensure 80 percent collection

General Manager (Operations) of Punjab Irrigation & Drainage Authority (Pida) Chaudhry Karamat Ali has directed the field staff to ensure 80 percent collection of water charges (Abiana) from the water users in their respective areas maximum by May 31, 201
Published 18 Apr, 2011 12:00am
Government decides to increase cotton-sowing area

Government decides to increase cotton-sowing area

Agriculture Development Commissioner Inayat Ullah Khan has disclosed that the federal government has decided to increase cotton sowing area by promoting cotton crop in Bhakkar, Sargodha, Jhang, Mianwali and Pothohar plateau of Punjab, DI Khan, Tank Distri
Published 18 Apr, 2011 12:00am
2,000 protest Chernobyl benefit cuts in Ukraine

2,000 protest Chernobyl benefit cuts in Ukraine

About 2,000 veterans of the Chernobyl cleanup operation rallied Sunday in Ukraine's capital to protest cuts in the benefits and pensions they receive to compensate them for their exposure to radiation.
Published 18 Apr, 2011 12:00am
12 killed in China hailstorm

12 killed in China hailstorm

At least 12 people were killed and 27 injured as hailstones, lashing rain and gales pounded southern China's Guangdong province on Sunday, state media said. The storms, which hit cities including Guangzhou, Foshan, Dongguan and Zhongshan, caused about 50
Published 18 Apr, 2011 12:00am
Anti-euro populists surge in Finnish election

Anti-euro populists surge in Finnish election

An anti-euro populist party made dramatic gains in Finland's parliamentary election on Sunday, crimping its pro-Europe government and raising the risk of disruptions to an EU bailout of Portugal.
Published 18 Apr, 2011 12:00am
France blocks train from Italy in migrant spat

France blocks train from Italy in migrant spat

A train carrying Tunisian immigrants from Italy was halted at the French border Sunday in an escalation of a international dispute over the fate of North African migrants fleeing political unrest for refuge in Europe.
Published 18 Apr, 2011 12:00am
Nine killed in Indonesian landslide

Nine killed in Indonesian landslide

Nine people were killed and another seven injured Sunday in a landslide in Indonesia's East Java province, police said. The men were taking a lunch break after searching for firewood at the foot of a hill in Malang district when a steep part of the hill c
Published 18 Apr, 2011 12:00am
Burkina Faso army revolt spreads to the south

Burkina Faso army revolt spreads to the south

Mutin-ous soldiers seized a key southern town in Bukina Faso as a revolt against the west African nation's veteran ruler Blaise Compaore spread on Sunday. Soldiers at a military garrison at Po near the Ghana border fired in the air and took over the town
Published 18 Apr, 2011 12:00am
Gunmen, bombs kill six in Iraq

Gunmen, bombs kill six in Iraq

Bombs and gunmen killed six people in Iraq on Sunday, four of them from the same family, security sources said. The four family members - parents and two daughters in their 20s - were all shot in the head overnight by gunmen who spared a third, seven-year
Published 18 Apr, 2011 12:00am
Three Israeli Arabs accused of bomb plans

Three Israeli Arabs accused of bomb plans

Prosecutors on Sunday indicted three young Arabs from the northern city of Nazareth for allegedly trying to make bombs and acquire weapons for attacks on Jews, Israeli media said.
Published 18 Apr, 2011 12:00am
I Coast to probe Gbagbo regime for 'blood crimes'

I Coast to probe Gbagbo regime for 'blood crimes'

Ivory Coast President Alassane Ouattara Sunday moved to bolster his authority in the deeply divided country with a probe into members of his ousted rival's regime for "blood crimes". The former IMF official and long-time opposition figure took charge last
Published 18 Apr, 2011 12:00am
Israel holds two Palestinians over settlement killings

Israel holds two Palestinians over settlement killings

Israeli police have arrested two Palestinian teenagers on suspicion of stabbing to death a Jewish couple and three of their children while they slept in a West Bank settlement, a police spokesman said on Sunday. The killings on the night of March 11 in It
Published 18 Apr, 2011 12:00am
US envoy criticised for religious activism resigns

US envoy criticised for religious activism resigns

The US ambassador to Malta, an important Roman Catholic supporter of President Barack Obama, said Sunday he would resign after a State Department report criticised him for spending too much time writing and speaking about his religious beliefs.
Published 18 Apr, 2011 12:00am
Gunmen kill six in attacks on two Somali mosques

Gunmen kill six in attacks on two Somali mosques

Unidentified gunmen fired on worshippers at two mosques in Somalia's self-proclaimed state of Puntland, killing at least six people and wounding dozens, residents and security officials said on Sunday. Residents believe the attacks targeted mosques run by
Published 18 Apr, 2011 12:00am
Impoverished Afghans shouldering burden of health care

Impoverished Afghans shouldering burden of health care

Afghanistan's government and foreign donors spend barely $10 a person on health, despite pointing to it as key to winning back support against a worsening insurgency that has dragged on for nearly a decade, a study said on Sunday.
Published 18 Apr, 2011 12:00am
Positive developments in the external sector

Positive developments in the external sector

Exports and home remittances during the month of March, 2011 have surpassed even the most optimistic assumptions. According to the latest data released by the Federal Bureau of Statistics, exports surged by as much as 41.07 percent to reach a record level
Published 18 Apr, 2011 12:00am
'Core irritants'

'Core irritants'

Foreign Office spokesperson Tehmina Janjua's claim that the CIA-operated drone attacks inside Pakistan territory are "core irritants" in the Pak-US counter-terrorism co-operation and Pakistan was approaching "friendly countries" to prevail upon the United
Published 18 Apr, 2011 12:00am
The state of our Economy

The state of our Economy

So what is the state of Pakistan's economy? Is it the dire prognosis of the analysts, supported by the Ministry of Finance, who have laid the blame squarely on the resistance by the opposition and coalition partners alike to implement the reform agenda as
Published 18 Apr, 2011 12:00am
Bay of Pigs: Avoidable mistake that galvanised Cuba

Bay of Pigs: Avoidable mistake that galvanised Cuba

Henry Raymont was the first journalist to report the invasion of Cuba at what would quickly become the infamous Bay of Pigs. Fifty years later, he still regrets not being able to complete his coverage of what would become one of the most embarrassing deba
Published 18 Apr, 2011 12:00am
New Malaysian metropolis taking shape near Singapore

New Malaysian metropolis taking shape near Singapore

A new metropolis three times the size of neighbouring Singapore is taking shape in the foothills of southern Malaysia, where officials and investors have equally huge ambitions for the city. Dust billows across the horizon as sun-scorched construction cre
Published 18 Apr, 2011 12:00am
Floods in three countries and PM Gilani

Floods in three countries and PM Gilani

"Deadly floods have hit countries like Australia, Sri Lanka and South Africa this year", reports Reuter news agency (March 23). Through your esteemed newspaper, I suggest that the heads of all three governments to get valuable advise from our worthy Prime
Published 18 Apr, 2011 12:00am
'Pharma cos raise prices arbitrarily'

'Pharma cos raise prices arbitrarily'

With reference to the news item dated 10.04.11, entitled "Pharma cos raise prices arbitrarily", by Tahir Amin, we would like to put forward clarifications to some details. GlaxoSmithKline (GSK) is constantly striving towards excellence in quality and resp
Published 18 Apr, 2011 12:00am
Cotton growers asked to take steps to save crop from rain effects

Cotton growers asked to take steps to save crop from rain effects

Punjab Agricu-lture Department has advised cotton growers to take timely precautionary measures to save the crop from rain effects. The department, in a statement on Sunday said farmers should sow cotton in lining in the salinity-affected area. If rain oc
Published 18 Apr, 2011 12:00am
'Chief minister Punjab not sincere to resolve problems of the people'

'Chief minister Punjab not sincere to resolve problems of the people'

'We are playing a role of an effective and strong opposition in Punjab Assembly and we would continue to pinpoint masses' problems', said Raja Riaz leader of Opposition in Punjab Assembly while talking to Khurshid Ahmed Khan city President of PPP Multan.
Published 18 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. (April 11 to 16, 2011)

Published 18 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (April 17, 2011) and the forecast for Monday (April 18, 2011).

Published 18 Apr, 2011 12:00am
Hafeez holds talks with IMF leaders

Hafeez holds talks with IMF leaders

Finance Minister Dr Abdul Hafeez Shaikh met with top International Monetary Fund officials here Sunday as part of the ongoing dialogue and discussed progress in the Fund's ongoing program for Pakistan. Under the program, Pakistan has so far received $8 bi
Published 18 Apr, 2011 12:00am
Hafeez holds talks with IMF leaders

Hafeez holds talks with IMF leaders

Finance Minister Dr Abdul Hafeez Shaikh met with top International Monetary Fund officials here Sunday as part of the ongoing dialogue and discussed progress in the Fund's ongoing program for Pakistan. Under the program, Pakistan has so far received $8 bi
Published 18 Apr, 2011 12:00am
Hafeez holds talks with IMF leaders

Hafeez holds talks with IMF leaders

Finance Minister Dr Abdul Hafeez Shaikh met with top International Monetary Fund officials here Sunday as part of the ongoing dialogue and discussed progress in the Fund''s ongoing program for Pakistan. Under the program, Pakistan has so far received $8 b
Published 18 Apr, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee crossed the barrier of 84 versus dollar on the money market during the week, ended on April 16, 2011, on high inflow of remittances. On interbank market, the rupee gained 64 paisa in terms of dollar for buying and selling at 84.33 and 84.38 resp
Published 18 Apr, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee crossed the barrier of 84 versus dollar on the money market during the week, ended on April 16, 2011, on high inflow of remittances. On interbank market, the rupee gained 64 paisa in terms of dollar for buying and selling at 84.33 and 84.38 resp
Published 18 Apr, 2011 12:00am
Index sheds 221.64 points

Index sheds 221.64 points

Bearish trend was witnessed at Karachi share market during the week ended on April 15, 2011 and KSE-100 index declined by 221.64 points to close at 11,684.23 points. Trading remained very low due to investors' lack of interest, an the average daily volume
Published 18 Apr, 2011 12:00am
Index sheds 221.64 points

Index sheds 221.64 points

Bearish trend was witnessed at Karachi share market during the week ended on April 15, 2011 and KSE-100 index declined by 221.64 points to close at 11,684.23 points. Trading remained very low due to investors' lack of interest, an the average daily volume
Published 18 Apr, 2011 12:00am
Index sheds 221.64 points

Index sheds 221.64 points

Bearish trend was witnessed at Karachi share market during the week ended on April 15, 2011 and KSE-100 index declined by 221.64 points to close at 11,684.23 points. Trading remained very low due to investors'' lack of interest, an the average daily volum
Published 18 Apr, 2011 12:00am
Futures open interest up by five percent

Futures open interest up by five percent

Total open interest at the futures counter increased by 5 percent on week-on-week basis to Rs 1.55 billion. The futures spreads, however, declined by 0.44 percent on week-on-week basis to 9.25 percent. Trading at the futures counter remained thin as avera
Published 18 Apr, 2011 12:00am
Futures open interest up by five percent

Futures open interest up by five percent

Total open interest at the futures counter increased by 5 percent on week-on-week basis to Rs 1.55 billion. The futures spreads, however, declined by 0.44 percent on week-on-week basis to 9.25 percent. Trading at the futures counter remained thin as avera
Published 18 Apr, 2011 12:00am
Futures open interest up by five percent

Futures open interest up by five percent

Total open interest at the futures counter increased by 5 percent on week-on-week basis to Rs 1.55 billion. The futures spreads, however, declined by 0.44 percent on week-on-week basis to 9.25 percent. Trading at the futures counter remained thin as avera
Published 18 Apr, 2011 12:00am
Futures open interest up by five percent

Futures open interest up by five percent

Total open interest at the futures counter increased by 5 percent on week-on-week basis to Rs 1.55 billion. The futures spreads, however, declined by 0.44 percent on week-on-week basis to 9.25 percent. Trading at the futures counter remained thin as avera
Published 18 Apr, 2011 12:00am
Prime Minister orders to revamp oil and gas sector

Prime Minister orders to revamp oil and gas sector

Prime Minister Syed Yousuf Raza Gilani Sunday directed Ministry of Petroleum and Natural Resources to totally revamp oil and gas sector in a manner that helps in developing proper co-ordination among all the relevant institutions.
Published 18 Apr, 2011 12:00am
Prime Minister orders to revamp oil and gas sector

Prime Minister orders to revamp oil and gas sector

Prime Minister Syed Yousuf Raza Gilani Sunday directed Ministry of Petroleum and Natural Resources to totally revamp oil and gas sector in a manner that helps in developing proper co-ordination among all the relevant institutions.
Published 18 Apr, 2011 12:00am
Prime Minister orders to revamp oil and gas sector

Prime Minister orders to revamp oil and gas sector

Prime Minister Syed Yousuf Raza Gilani Sunday directed Ministry of Petroleum and Natural Resources to totally revamp oil and gas sector in a manner that helps in developing proper co-ordination among all the relevant institutions.
Published 18 Apr, 2011 12:00am
Dr Asim made Advisor to Prime Minister

Dr Asim made Advisor to Prime Minister

On the advice of Prime Minister President Asif Ali Zardari Sunday night appointed Senator Asim Hussain as Advisor to Prime Minister on Petroleum. According to Farhatullah Babar Spokesperson to the President Senator Asim Hussain will have the status of a F
Published 18 Apr, 2011 12:00am
Dr Asim made Advisor to Prime Minister

Dr Asim made Advisor to Prime Minister

On the advice of Prime Minister President Asif Ali Zardari Sunday night appointed Senator Asim Hussain as Advisor to Prime Minister on Petroleum. According to Farhatullah Babar Spokesperson to the President Senator Asim Hussain will have the status of a F
Published 18 Apr, 2011 12:00am
Dr Asim made Advisor to Prime Minister

Dr Asim made Advisor to Prime Minister

On the advice of Prime Minister President Asif Ali Zardari Sunday night appointed Senator Asim Hussain as Advisor to Prime Minister on Petroleum. According to Farhatullah Babar Spokesperson to the President Senator Asim Hussain will have the status of a F
Published 18 Apr, 2011 12:00am
Chief minister Punjab leaves for China with 20-member delegation

Chief minister Punjab leaves for China with 20-member delegation

Punjab Chief Minister, Muhammad Shahbaz Sharif departed from Islamabad Airport on Sunday for China along with 20-member delegation. According to handout issued by DGPR here, Ambassador of China in Pakistan Jiang Luo met Punjab Chief Minister Muhammad Shah
Published 18 Apr, 2011 12:00am
Army operation in Karachi not suitable: Firdous

Army operation in Karachi not suitable: Firdous

Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said that although situation of Karachi is complicated but its solution could be sought through consensus with allies. Talking to a news channel, she said that circumstances of Kara
Published 18 Apr, 2011 12:00am
Iran hangs four convicts

Iran hangs four convicts

Iran hanged three inmates all convicted of killing two policemen, armed robbery and kidnapping and a fourth person convicted of serial killings, a news agency reported. The semi-official Mehr news agency quoted Jaber Banshi, the head prosecutor of the sou
Published 18 Apr, 2011 12:00am
Nuclear power still main alternative to oil: ex-IAEA chief

Nuclear power still main alternative to oil: ex-IAEA chief

The former head of UN atomic agency voiced confidence Sunday in nuclear energy as the only real alternative to oil despite a potential "setback" in the sector due to Japan's current disaster. "Today, nuclear power is the only real alternative to fossil fu
Published 18 Apr, 2011 12:00am
Market right to see rate increases: ECB's Nowotny

Market right to see rate increases: ECB's Nowotny

Market forecasts estimating the European Central Bank will raise its benchmark interest rate another 50 basis points this year are "well founded," ECB Governing Council member Ewald Nowotny told the Bloomberg news agency.
Published 18 Apr, 2011 12:00am
Gulf ministers meet to discuss Yemen crisis

Gulf ministers meet to discuss Yemen crisis

Gulf foreign ministers met Sunday in the Saudi Arabian capital Riyadh to discuss the crisis in Yemen, after proposing an exit plan for embattled President Ali Abdullah Saleh. A Yemeni opposition delegation, led by Mohammed Salem Bassandawa, himself a form
Published 18 Apr, 2011 12:00am
Gulf ministers meet to discuss Yemen crisis

Gulf ministers meet to discuss Yemen crisis

Gulf foreign ministers met Sunday in the Saudi Arabian capital Riyadh to discuss the crisis in Yemen, after proposing an exit plan for embattled President Ali Abdullah Saleh. A Yemeni opposition delegation, led by Mohammed Salem Bassandawa, himself a form
Published 18 Apr, 2011 12:00am
Employee of Indian HC expelled

Employee of Indian HC expelled

Pakistan has expelled an employee of Indian High Commission Ashook Kumar Shirma for his involvement in suspected activates. According to the reliable sources, Pakistan while issuing the expulsion order has informed the Indian High Commission about the sus
Published 18 Apr, 2011 12:00am
Employee of Indian HC expelled

Employee of Indian HC expelled

Pakistan has expelled an employee of Indian High Commission Ashook Kumar Shirma for his involvement in suspected activates. According to the reliable sources, Pakistan while issuing the expulsion order has informed the Indian High Commission about the sus
Published 18 Apr, 2011 12:00am
India's last maharaja of Jaipur dies

India's last maharaja of Jaipur dies

Thousands of people poured into the courtyard of a sprawling palace in the western Indian city of Jaipur on Sunday to pay their last respects to Brigadier Sawai Bhawani Singh, the city's last maharaja. Singh, 79, died late Saturday in a hospital on the ou
Published 18 Apr, 2011 12:00am
Saudi Arabia says oil market overbalanced

Saudi Arabia says oil market overbalanced

Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.
Published 18 Apr, 2011 12:00am
Saudi Arabia says oil market overbalanced

Saudi Arabia says oil market overbalanced

Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.
Published 18 Apr, 2011 12:00am
Saudi Arabia says oil market overbalanced

Saudi Arabia says oil market overbalanced

Saudi Arabia''s oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.
Published 18 Apr, 2011 12:00am
Iran accuses Siemens over Stuxnet virus attack

Iran accuses Siemens over Stuxnet virus attack

An Iranian military commander has accused German engineering company Siemens of helping the United States and Israel launch a cyber attack on its nuclear facilities, Kayhan daily reported on Sunday. Gholamreza Jalali, head of Iran's civilian defence, said
Published 18 Apr, 2011 12:00am
Iran accuses Siemens over Stuxnet virus attack

Iran accuses Siemens over Stuxnet virus attack

An Iranian military commander has accused German engineering company Siemens of helping the United States and Israel launch a cyber attack on its nuclear facilities, Kayhan daily reported on Sunday. Gholamreza Jalali, head of Iran's civilian defence, said
Published 18 Apr, 2011 12:00am
Saudi Arabia threatens to recall envoys from Iran

Saudi Arabia threatens to recall envoys from Iran

Saudi Arabia has threatened to recall its diplomats from Iran unless the Islamic republic improves their protection, the kingdom's deputy foreign minister told reporters on Sunday. "I hope we won't be obliged to withdraw our diplomatic mission from Tehran
Published 18 Apr, 2011 12:00am
Saudi Arabia threatens to recall envoys from Iran

Saudi Arabia threatens to recall envoys from Iran

Saudi Arabia has threatened to recall its diplomats from Iran unless the Islamic republic improves their protection, the kingdom's deputy foreign minister told reporters on Sunday. "I hope we won't be obliged to withdraw our diplomatic mission from Tehran
Published 18 Apr, 2011 12:00am
Yuan nearly 'freely usable': Yi Gang

Yuan nearly 'freely usable': Yi Gang

China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday. The most widely used emerging market curr
Published 18 Apr, 2011 12:00am
Yuan nearly 'freely usable': Yi Gang

Yuan nearly 'freely usable': Yi Gang

China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday. The most widely used emerging market curr
Published 18 Apr, 2011 12:00am
Yuan nearly ''freely usable'': Yi Gang

Yuan nearly ''freely usable'': Yi Gang

China''s yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund''s currency basket, the deputy governor of China''s central bank said on Sunday. The most widely used emerging market c
Published 18 Apr, 2011 12:00am
Ministers pledge to cooperate on world economy

Ministers pledge to cooperate on world economy

Global finance ministers and central bankers concluded three days of talks late Saturday with pledges of greater co-operation to avert another financial crisis, leaving uncertain how far they would go in changing their domestic policies in response to int
Published 18 Apr, 2011 12:00am
Ministers pledge to cooperate on world economy

Ministers pledge to cooperate on world economy

Global finance ministers and central bankers concluded three days of talks late Saturday with pledges of greater co-operation to avert another financial crisis, leaving uncertain how far they would go in changing their domestic policies in response to int
Published 18 Apr, 2011 12:00am
Ministers pledge to cooperate on world economy

Ministers pledge to cooperate on world economy

Global finance ministers and central bankers concluded three days of talks late Saturday with pledges of greater co-operation to avert another financial crisis, leaving uncertain how far they would go in changing their domestic policies in response to int
Published 18 Apr, 2011 12:00am
Punjab government to sell solid waste through open auction

Punjab government to sell solid waste through open auction

Punjab government has planed to sell out the solid waste through open auction for recycling and its better utilisation to generate energy as well as other useful items. Regulations have been framed for this purpose for very first time in Punjab.
Published 18 Apr, 2011 12:00am
Punjab government to sell solid waste through open auction

Punjab government to sell solid waste through open auction

Punjab government has planed to sell out the solid waste through open auction for recycling and its better utilisation to generate energy as well as other useful items. Regulations have been framed for this purpose for very first time in Punjab.
Published 18 Apr, 2011 12:00am
Eight Nato troops killed in Afghanistan

Eight Nato troops killed in Afghanistan

Insurgent attacks in Afghanistan killed eight Nato service members in one of the deadliest days for the military coalition this year, signalling the start of what many fear will be a particularly violent fighting season as President Barack Obama looks to
Published 18 Apr, 2011 12:00am
Eight Nato troops killed in Afghanistan

Eight Nato troops killed in Afghanistan

Insurgent attacks in Afghanistan killed eight Nato service members in one of the deadliest days for the military coalition this year, signalling the start of what many fear will be a particularly violent fighting season as President Barack Obama looks to
Published 18 Apr, 2011 12:00am
MONEY WEEK: equitable and just taxation

MONEY WEEK: equitable and just taxation

Tax proposals from various stakeholders are being put forth with increasing frequency as the announcement of the fiscal budget draws closer. The gist of most of these proposals entails an equitably broadened taxation system to facilitate foreign investmen
Published 18 Apr, 2011 12:00am
MONEY WEEK: equitable and just taxation

MONEY WEEK: equitable and just taxation

Tax proposals from various stakeholders are being put forth with increasing frequency as the announcement of the fiscal budget draws closer. The gist of most of these proposals entails an equitably broadened taxation system to facilitate foreign investmen
Published 18 Apr, 2011 12:00am
MONEY WEEK: equitable and just taxation

MONEY WEEK: equitable and just taxation

Tax proposals from various stakeholders are being put forth with increasing frequency as the announcement of the fiscal budget draws closer. The gist of most of these proposals entails an equitably broadened taxation system to facilitate foreign investmen
Published 18 Apr, 2011 12:00am
Scattered rain spell turns weather pleasant

Scattered rain spell turns weather pleasant

Scattered rain with thunderstorm occurred in Punjab and Islamabad and Rawalpindi on Sunday, turning the weather pleasant. Khyber Pakhtunkhwa, Upper Sindh, North-East Balochistan, Gilgit-Baltistan and Kashmir also received rain and thunderstorm on Sunday m
Published 18 Apr, 2011 12:00am
FCA to meet on 25th for fixing Kharif crop targets

FCA to meet on 25th for fixing Kharif crop targets

The Federal Committee on Agriculture (FCA) will meet on April 25 to review the Rabbi crops production and to set the targets for Kharif crops. The FCA would review the Rabbi crops production including wheat, grams sunflower and set targets of cultivation
Published 18 Apr, 2011 12:00am
180 students selected for US scholarship

180 students selected for US scholarship

One hundred and eighty students will go to the United States this year on scholarship basis under the Youth Exchange and Study Programme. The US Embassy organised a pre-departure orientation for these students here on Sunday.
Published 18 Apr, 2011 12:00am
Eight bodies recovered

Eight bodies recovered

Bodies of eight unidentified persons were recovered from a deserted well near Attock Haji Shahroad, eight kilometre away from here on Sunday morning, police said. Police was informed about the bodies of the persons aged between 22 to 32 years by a residen
Published 18 Apr, 2011 12:00am
1,000 muftis of Ahle-e-Sunnat declare suicide bombing Haram

1,000 muftis of Ahle-e-Sunnat declare suicide bombing Haram

1,000 Muftis (religious jurists and scholars) of Ahle-e-Sunnat school of thought from 55 Islamic countries have given a Fatawa (Islamic religious /jurisprudence ruling) against the suicide bombing and described it Haram in Islam (not permissible). This wa
Published 18 Apr, 2011 12:00am
Pakistan embassy in Japan delivers relief goods

Pakistan embassy in Japan delivers relief goods

A team of embassy officials led by Pakistan Ambassador to Japan, Noor Muhammad Jadmani and Mrs. Amnat Jadmani delivered relief goods and gifts to a relief centre in Sendai city of Japan on Sunday.
Published 18 Apr, 2011 12:00am
Indonesian culture show held

Indonesian culture show held

"Indonesian Culture Show" was organised by the Consulate General of the Republic of Indonesia here on Sunday at Park Towers, Clifton. The show was held amid the inauguration ceremony of annual Travel Festival of Park Towers. Consul General of the Republic
Published 18 Apr, 2011 12:00am
FBR drops disciplinary proceedings against RTO commissioner

FBR drops disciplinary proceedings against RTO commissioner

The Federal Board of Revenue (FBR) has dropped disciplinary proceedings against a Commissioner of Regional Tax Office (RTO) Karachi-II, as wrongly involved in issuance of sales tax refund case, allegedly tampering documents and misusing Sales Tax Automate
Published 18 Apr, 2011 12:00am
National Assembly session today

National Assembly session today

The National Assembly will resume its session today (Monday) afternoon. Besides legislation, the House will continue debate on Presidential address to the joint sitting of the Parliament.
Published 18 Apr, 2011 12:00am
SSC Annual Exams commence today

SSC Annual Exams commence today

The Secondary School Certificate Annual Examination 2011 of the Board of Secondary Education Karachi (BSEK) will commence from April 18 (today). The Chairman of the Board, Professor Anwar Ahmed Zai, said on Sunday that as many as 327,000 candidates- both
Published 18 Apr, 2011 12:00am
RIC to be functional from July

RIC to be functional from July

The under-construction Rawalpindi Institute of Cardiology (RIC) would be functional for the treatment of heart patients of Rawalpindi and the adjoining area from July this year.
Published 18 Apr, 2011 12:00am
International moot on social sciences begins today

International moot on social sciences begins today

The first international conference on "Promotion of Social Science Research in Pakistani Universities: Prospects and Challenges" is being held under the auspices of the Committee for Development of Social Sciences and Humanities in Pakistan, Higher Educat
Published 18 Apr, 2011 12:00am
Hydropower projects, small dams: Germany offers support

Hydropower projects, small dams: Germany offers support

Finance Minister Abdul Hafeez Shaikh discussed development partnership with leaders of major economic powers in separate meetings on the occasion of annual IMF-World Bank gathering. Dr Shaikh briefed German, British and American leaders about the governme
Published 18 Apr, 2011 12:00am
APC for making SU campus a weapon-free zone

APC for making SU campus a weapon-free zone

The participants of all parties conference held on Sunday have agreed for concrete efforts for making the Sindh University campus a weapon free zone. The conference was organised by the University of Sindh, which was attended by all major parties of Sindh
Published 18 Apr, 2011 12:00am
'Innovations, businesses should be protected under IPO laws'

'Innovations, businesses should be protected under IPO laws'

Chairman of Intellectual Property Organisation (IPO), Hameedullah Jan Afridi has said that all new innovations, businesses, trademarks and patents should be protected under the legal cover of IPO laws, which will enable them secure their generic names and
Published 18 Apr, 2011 12:00am
Needy patients: spring festival held to collect funds

Needy patients: spring festival held to collect funds

Lok Virsa in collaboration with Shifa Foundation Falahi Clinic organised a 2-day "Spring Festival" from Sunday to collect funds for welfare and treatment of poor patients and the flood affected people. The festival was facilitated by Lok Virsa (National I
Published 18 Apr, 2011 12:00am
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