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Archive - 2011-05-16
Blasts shake Qadhafi's Bab al-Aziziya HQ
Top News

Blasts shake Qadhafi's Bab al-Aziziya HQ

TRIPOLI: Three loud explosions shook the Bab al-Aziziya neighbourhood of Tripoli on Monday night, the area where Libyan
Published 16 May, 2011 08:04pm
European stocks dip
Financial

European stocks dip

LONDON: Europe's main stock markets ended down on Monday with London's FTSE 100 index of leading shares finishing off 0.
Published 16 May, 2011 06:58pm
Taliban claim killing of Saudi employee
Top News

Taliban claim killing of Saudi employee

ISLAMABAD: Taliban said on Monday they killed a Saudi Arabian diplomat in the city of Karachi. "We take responsibility,
Published 16 May, 2011 04:04pm
GSK to invest in Pakistan
Top News

GSK to invest in Pakistan

KARACHI: The GlaxoSmithKline (GSK) has been investing heavily in emerging markets and now it is focusing on Pakistan. T
Published 16 May, 2011 03:24pm
Gold slips to Rs41,400
Markets

Gold slips to Rs41,400

KARACHI: Gold slipped by Rs 42 to Rs 41,400 per 10 grams in local bullion market on Monday, as its international price a
Published 16 May, 2011 01:56pm
PNCA stages 'Aik Raat'
Arts

PNCA stages 'Aik Raat'

ISLAMABAD: Supervision Communication's play “Aik Raat” was staged at the Pakistan National Council of the Arts (PNCA)
Published 16 May, 2011 11:04am
Fiscal deficit to jump 6pct of GDP
Top News

Fiscal deficit to jump 6pct of GDP

LAHORE: Despite the fact that the government is introducing a variety of measures including flood tax, withdrawal of GST
Published 16 May, 2011 09:20am
NEC net profit falls

NEC net profit falls

Japan's NEC Corp said on May 10 that its net profit in the January-March quarter tumbled 36.4 percent from the year before, reflecting in part the negative impact of the March 11 earthquake and tsunami. The electronics company posted a group net profit of
Published 16 May, 2011 12:00am
Tesco plans new brands for aspirational shoppers

Tesco plans new brands for aspirational shoppers

Tesco, the world's No.3 retailer, plans to create new brands to spruce up its product ranges and appeal to increasingly aspirational shoppers across the world, its new chief executive told Reuters.
Published 16 May, 2011 12:00am
Rajaratnam defense gambles - and loses big

Rajaratnam defense gambles - and loses big

As a court official read the verdict aloud in a Manhattan federal courtroom, hedge fund founder Raj Rajaratnam's lead lawyer John Dowd began ticking off the "guilty" counts on his verdict sheet. Before the official could say "guilty" 14 times, Dowd put hi
Published 16 May, 2011 12:00am
Rajaratnam defense gambles - and loses big

Rajaratnam defense gambles - and loses big

As a court official read the verdict aloud in a Manhattan federal courtroom, hedge fund founder Raj Rajaratnam's lead lawyer John Dowd began ticking off the "guilty" counts on his verdict sheet. Before the official could say "guilty" 14 times, Dowd put hi
Published 16 May, 2011 12:00am
German insurer Allianz stands by 2011 earnings target

German insurer Allianz stands by 2011 earnings target

The biggest European insurance group, Allianz, on May 12 stuck with its full-year forecast even though first quarter results were hit by a triplet of Asian disasters. Net group profit fell by 45.2 percent to 857 million euros ($1.2 billion), the insurance
Published 16 May, 2011 12:00am
German insurer Allianz stands by 2011 earnings target

German insurer Allianz stands by 2011 earnings target

The biggest European insurance group, Allianz, on May 12 stuck with its full-year forecast even though first quarter results were hit by a triplet of Asian disasters. Net group profit fell by 45.2 percent to 857 million euros ($1.2 billion), the insurance
Published 16 May, 2011 12:00am
BNP Paribas first quarter profits up 14.6 percent

BNP Paribas first quarter profits up 14.6 percent

BNP Paribas announced a 14.6-percent rise in net profit to 2.61 billion euros ($3.86 billion), in its first-quarter results on May 14. The results had occurred against a backcloth of an "improved" world economic climate, it said. The bank had achieved a "
Published 16 May, 2011 12:00am
BNP Paribas first quarter profits up 14.6 percent

BNP Paribas first quarter profits up 14.6 percent

BNP Paribas announced a 14.6-percent rise in net profit to 2.61 billion euros ($3.86 billion), in its first-quarter results on May 14. The results had occurred against a backcloth of an "improved" world economic climate, it said. The bank had achieved a "
Published 16 May, 2011 12:00am
Softbank net profit doubles

Softbank net profit doubles

Japanese Internet and telecoms giant Softbank said on May 09 that its net profit for the year to March doubled from a year earlier, thanks to strong demand for the iPhone it distributes in the country. Softbank, Japan's third-largest mobile carrier by num
Published 16 May, 2011 12:00am
Softbank net profit doubles

Softbank net profit doubles

Japanese Internet and telecoms giant Softbank said on May 09 that its net profit for the year to March doubled from a year earlier, thanks to strong demand for the iPhone it distributes in the country. Softbank, Japan's third-largest mobile carrier by num
Published 16 May, 2011 12:00am
Facebook to warn of risky links with Finnish app

Facebook to warn of risky links with Finnish app

Facebook from May 12 adopted a warning service to help users avoid clicking on dubious internet links, with a website ratings system developed by a Finnish start-up. The new warning service by Helsinki-based Web of Trust (WOT) helps Facebook boost securit
Published 16 May, 2011 12:00am
HP gunning for Cisco in computer network arena

HP gunning for Cisco in computer network arena

Hewlett-Packard (HP) on May 9 unveiled business computer networking gear tailored for modern Internet demands, taking direct aim at Cisco in a multi-billion-dollar market. HP touted its new FlexNetwork architecture for linking data centres, campuses, and
Published 16 May, 2011 12:00am
Angry Birds lands in Chrome Web browser

Angry Birds lands in Chrome Web browser

Rovio's "Angry Birds" is landing on Chrome in the first version of the addictively popular smartphone and tablet game tailored for play on a computer Web browser. "We wanted to bring 'Angry Birds' to the Web or a long time," Peter Vesterbacka of Finnish s
Published 16 May, 2011 12:00am
YouTube starts online hits music video chart

YouTube starts online hits music video chart

YouTube on May 12 began publishing a chart that tracks top music videos at the popular Google-owned website. A YouTube 100 chart online at youtube.com/music will be updated weekly based on the popularity of videos whether works are amateur or professional
Published 16 May, 2011 12:00am
Google sends local news to smartphones

Google sends local news to smartphones

Google on May 13 began letting US smartphone users stay abreast of local news whereever they happen to be. "News near you" lets iPhones or Android-powered smartphones display stories relevant to people's locations at any given moment, according to product
Published 16 May, 2011 12:00am
Google's Android moving into homes

Google's Android moving into homes

Google wants Android to move into people's homes with the open-source software powering everything from smart light bulbs to sound systems. More than 5,000 software savants at Google's annual developers' conference in San Francisco on May 10 were shown an
Published 16 May, 2011 12:00am
Google launches Chrome PCs, takes on Microsoft

Google launches Chrome PCs, takes on Microsoft

Laptop computers using Google's Chrome operating system will go on sale in June, as the world's No. 1 Internet search engine challenges Microsoft Corp and Apple on their home turf. The new Web-centric PCs, made by Samsung and Acer Inc, are Google's latest
Published 16 May, 2011 12:00am
Telecom firms to adopt green global charger: ITU

Telecom firms to adopt green global charger: ITU

Leading global telecommunications firms have agreed to introduce a universal charger that can be used for devices like MP3 players and tablet computers as well as mobile phones, the United Nations' ITU agency said on May 9.
Published 16 May, 2011 12:00am
Best of Android packed into 'Ice Cream Sandwich'

Best of Android packed into 'Ice Cream Sandwich'

Google on May 10 said it is packing the best of its Honeycomb tablet computer software into a new "Ice Cream Sandwich" version of Android for mobile devices. The California-based Internet titan planned to release Ice Cream Sandwich by the end of the year
Published 16 May, 2011 12:00am
7.5 million Facebook users are under 13: study

7.5 million Facebook users are under 13: study

Some 7.5 million of the 20 million minors who used Facebook in the past year were younger than 13 and a million of them were bullied, harassed or threatened on the site, a study released on May 10 said.
Published 16 May, 2011 12:00am
Hong Kong among world's cheapest cities for phone, internet

Hong Kong among world's cheapest cities for phone, internet

Hong Kong is one of the world's cheapest cities for phone and internet services while Tokyo and Singapore are among the most expensive, according to a survey released on May 9. The study commissioned by Hong Kong's telecommunications watchdog found the pr
Published 16 May, 2011 12:00am
Tech novelties from tablet devices to network storage

Tech novelties from tablet devices to network storage

D-Link now offers two Sharecentre network storage systems in a complete package including hard disks. The 3.5-inch SATA hard disks have a capacity of one or two terabytes (TB) each. Sharecentre Pulse with a one-terabyte disk sells at 179 dollars, and the
Published 16 May, 2011 12:00am
New Samsung smartphones without UMTS

New Samsung smartphones without UMTS

No UMTS, but long talk and standby times: That's the claim of Samsung's Corby II (3.14-inch display) touchscreen model and the Ch@t 335 mobile phone (2.4 inches) with QWERTY keypad. Both mobile phones do not require an expandable operating system, so they
Published 16 May, 2011 12:00am
Power DVD 11 gets smartphone connection

Power DVD 11 gets smartphone connection

Cyberlink has redesigned its Power DVD video and music player. The new HD and 3D-capable version 11 supports the option of transferring and playing content from iOS and Android smartphones on a PC.
Published 16 May, 2011 12:00am
New Archos tablet supports multitouch

New Archos tablet supports multitouch

Archos has unveiled a new version of its 7-inch tablet PC. The new 7c model expands on the previous 7 V2 by offering a multi-touch display that supports gesture control using multiple fingers at the same time. The resolution is 800 x 480 pixels, as before
Published 16 May, 2011 12:00am
Global resource consumption to triple by 2050: UN

Global resource consumption to triple by 2050: UN

Global consumption of natural resources could almost triple to 140 billion tons a year by 2050 unless nations take drastic steps, the United Nations warned on May 12. A UN environment panel said the world cannot sustain the tearaway rate of use of mineral
Published 16 May, 2011 12:00am
US researchers identify first human lung stem cell

US researchers identify first human lung stem cell

US researchers said that they have identified for the first time human lung stem cells that are self-renewing and could offer important clues for treating chronic lung diseases. Previous studies have shown researchers were able to create lung cells using
Published 16 May, 2011 12:00am
Lifestyle, diet have little effect on Alzheimer's

Lifestyle, diet have little effect on Alzheimer's

There is no strong evidence that any dietary or lifestyle changes can reduce a person's risk of developing Alzheimer's disease, a US government panel said on May 09.
Published 16 May, 2011 12:00am
One in seven strokes happens during sleep

One in seven strokes happens during sleep

Nearly 15 percent of people who have a stroke are not eligible for clot-busting treatment because the stroke happened while they slept, a new study reports. Clot-busting drugs can prevent permanent disability after a stroke - but the treatment must be giv
Published 16 May, 2011 12:00am
US astronomers launch search for alien life on 86 planets

US astronomers launch search for alien life on 86 planets

A massive radio telescope in rural West Virginia has begun listening for signs of alien life on 86 possible Earth-like planets, US astronomers said on May 12. The giant dish began this week pointing toward each of the 86 planets - culled from a list of 1,
Published 16 May, 2011 12:00am
Depression can cause brain damage: study

Depression can cause brain damage: study

Taiwan doctors have found that depression can cause brain damage, so it is necessary for patients to take medication to repair the damage and cure their depression. Doctors at the Buddhist Tzu Chi General Hospital carried out the study to find out if depr
Published 16 May, 2011 12:00am
Lengthy listening to MP3 player damages hearing

Lengthy listening to MP3 player damages hearing

Not only can listening to loud music through your MP3 player damage your hearing but even lengthy listening at a moderate sound volume can be harmful. That warning came from experts at the Medcare Hospital in Dubai as part of International Noise Awareness
Published 16 May, 2011 12:00am
Parliament proves its supremacy, says Rabbani

Parliament proves its supremacy, says Rabbani

Chairman Parlia-mentary Committee on National Security Mian Raza Rabbani has said that joint session resolution has proved supremacy of the parliament. He was talking to a group of media persons here on Sunday afternoon.
Published 16 May, 2011 12:00am
Government urged to provide safety to KESC employees

Government urged to provide safety to KESC employees

The Karachi Electric Supply Company's officers and field staff continued to receive threats and attacks from the striking CBA Union and their external armed connivers on Sunday as several employees were severely beaten while attending to public complaints
Published 16 May, 2011 12:00am
Saudi woman defies driving ban

Saudi woman defies driving ban

A Saudi mother said Sunday she defied a ban on women drivers in the ultra-conservative kingdom by getting behind the wheel for four days without being stopped. Najla al-Hariri, a housewife in her mid-30s, said she drove non-stop for four days in the stree
Published 16 May, 2011 12:00am
Japan readies new tactics for Fukushima after setback

Japan readies new tactics for Fukushima after setback

Japanese officials are readying a new approach to cooling reactors at the Fukushima nuclear plant after discovering an Olympic swimming pool-sized pond of radioactive water in the basement of a unit crippled by the March earthquake and tsunami.
Published 16 May, 2011 12:00am
Flights delayed in Malaysian airport blackout

Flights delayed in Malaysian airport blackout

National carrier Malaysian Airlines said Sunday 13 of its scheduled flights had been delayed and over 300 bags left behind following a "total blackout" at the capital's international airport.
Published 16 May, 2011 12:00am
Impediments to fiscal improvement

Impediments to fiscal improvement

The Federal Government in its Budget Strategy Paper 2011-14 has noted with profound regret that under the 7th National Finance Commission (NFC) Award, the provinces had agreed to help the Federal Government in raising tax revenues to the tune of 15 percen
Published 16 May, 2011 12:00am
Revenge for Osama's killing

Revenge for Osama's killing

The dead Osama seems to be as lethal for Pakistan as was the living Osama. So true to their challenge, the Taliban struck with full force a paramilitary training centre near Peshawar on Friday morning, killing nearly 80 persons, mostly the trainees.
Published 16 May, 2011 12:00am
Pakistan economic team and the IMF

Pakistan economic team and the IMF

It's that time yet again! The Pakistan economic team is in Dubai discussing and negotiating with the International Monetary Fund (IMF) team. Initially the Ministry of Finance claimed that the scheduled meeting may be transformed into a review mission that
Published 16 May, 2011 12:00am
Thai researchers seek super-rice strains

Thai researchers seek super-rice strains

For Thai rice researchers, there's nothing like a natural disaster to test a new variety. In October, when widespread flooding left 640,000 hectares of agricultural land under water for weeks in central Thailand, farmers who had planted Hom Cholasit rice
Published 16 May, 2011 12:00am
A citizen's suggestion to air chief

A citizen's suggestion to air chief

As a cynical citizen, I was thoroughly tickled to read the statement of Air Chief Marshal Rao Qamar Suleman, over the Abbottabad security debacle, when the US stealth helicopters sneaked into Pakistan's airspace, unnoticed and undetected by the so-called,
Published 16 May, 2011 12:00am
'Campaign for detainees' release to continue'

'Campaign for detainees' release to continue'

Veteran Kashmiri Hurriyet leader Syed Ali Geelani has said that the campaign against illegal detentions of innocent Kashmiris will continue till they are released and arrest spree is stopped. According to Kashmir Media Service, Geelani in a statement here
Published 16 May, 2011 12:00am
World Hypertension Day on May 17

World Hypertension Day on May 17

World Hypertension Day happens on May 17 each year, and is a day that highlights the preventable diseases that are caused by high blood pressure, and promotes detection and treatment. World Hypertension Day has been established to highlight the preventabl
Published 16 May, 2011 12:00am
Rehabilitation of three educational institutions begins in Lower Dir

Rehabilitation of three educational institutions begins in Lower Dir

The District administration has started the rehabilitation and renovation of three educational institutions in Chakdarra, Tehsil Adenzai of District Lower Dir by providing 960 chairs, tables, 40 ceiling fans and IT equipment under the Malakand Development
Published 16 May, 2011 12:00am
'Christian community to work towards country's progress'

'Christian community to work towards country's progress'

Christian community's AJK Chief, Younis Bhatti has reiterated his resolve by declaring that the minorities in Pakistan including Azad Jammu and Kashmir will not lag behind in playing their part in the speedy progress and prosperity of the country side by
Published 16 May, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 9 - 14, 2011)

Published 16 May, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (May 15, 2011) and the forecast for Monday (May 16, 2011).

Published 16 May, 2011 12:00am
FBR accepts six budgetary proposals of SECP

FBR accepts six budgetary proposals of SECP

The Federal Board of Revenue (FBR) has accepted six major budgetary proposals of the Securities and Exchange Commission of Pakistan (SECP) for incorporation in the Finance Bill 2011. It is learnt that the FBR has rejected nine proposals for 2011-12 budget
Published 16 May, 2011 12:00am
FBR accepts six budgetary proposals of SECP

FBR accepts six budgetary proposals of SECP

The Federal Board of Revenue (FBR) has accepted six major budgetary proposals of the Securities and Exchange Commission of Pakistan (SECP) for incorporation in the Finance Bill 2011. It is learnt that the FBR has rejected nine proposals for 2011-12 budget
Published 16 May, 2011 12:00am
FBR accepts six budgetary proposals of SECP

FBR accepts six budgetary proposals of SECP

The Federal Board of Revenue (FBR) has accepted six major budgetary proposals of the Securities and Exchange Commission of Pakistan (SECP) for incorporation in the Finance Bill 2011. It is learnt that the FBR has rejected nine proposals for 2011-12 budget
Published 16 May, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee moved both ways in terms of dollar on the currency market during the week ended on May 14, 2011. On the interbank market, the rupee retained its level versus dollar for buying and selling at 85.20 and 85.25.
Published 16 May, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee moved both ways in terms of dollar on the currency market during the week ended on May 14, 2011. On the interbank market, the rupee retained its level versus dollar for buying and selling at 85.20 and 85.25.
Published 16 May, 2011 12:00am
Kerry warns of 'critical moment'

Kerry warns of 'critical moment'

US Senator John Kerry warned on Sunday that relations with key ally Pakistan were at a "critical moment". Kerry, speaking in the Afghan capital Kabul, said he was ready to listen to Pakistan's leaders but the discovery of the al Qaeda chief living close t
Published 16 May, 2011 12:00am
Kerry warns of 'critical moment'

Kerry warns of 'critical moment'

US Senator John Kerry warned on Sunday that relations with key ally Pakistan were at a "critical moment". Kerry, speaking in the Afghan capital Kabul, said he was ready to listen to Pakistan's leaders but the discovery of the al Qaeda chief living close t
Published 16 May, 2011 12:00am
Kerry meets Kayani; Clinton phones Zardari

Kerry meets Kayani; Clinton phones Zardari

The US on Sunday made concerted efforts to repair the strained relations with Islamabad in the wake of May 2 Abbottabad raid by US special forces against Osama bin Laden.
Published 16 May, 2011 12:00am
Kerry meets Kayani; Clinton phones Zardari

Kerry meets Kayani; Clinton phones Zardari

The US on Sunday made concerted efforts to repair the strained relations with Islamabad in the wake of May 2 Abbottabad raid by US special forces against Osama bin Laden.
Published 16 May, 2011 12:00am
Prime Minister, COAS meet President

Prime Minister, COAS meet President

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr on Sunday. Chief of the Army Staff General Ashfaq Parvez Kayani was also present during the meeting in which current security situation was discussed.
Published 16 May, 2011 12:00am
Prime Minister, COAS meet President

Prime Minister, COAS meet President

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr on Sunday. Chief of the Army Staff General Ashfaq Parvez Kayani was also present during the meeting in which current security situation was discussed.
Published 16 May, 2011 12:00am
Index gains 87.39 points

Index gains 87.39 points

The Karachi share market witnessed positive trend during the week ended on May 13, 2011 and the KSE-100 index gained 87.39 points to close at 11,967.35 points. Trading improved slightly and the average daily volume at ready counter increased by 1.5 percen
Published 16 May, 2011 12:00am
Index gains 87.39 points

Index gains 87.39 points

The Karachi share market witnessed positive trend during the week ended on May 13, 2011 and the KSE-100 index gained 87.39 points to close at 11,967.35 points. Trading improved slightly and the average daily volume at ready counter increased by 1.5 percen
Published 16 May, 2011 12:00am
Index gains 87.39 points

Index gains 87.39 points

The Karachi share market witnessed positive trend during the week ended on May 13, 2011 and the KSE-100 index gained 87.39 points to close at 11,967.35 points. Trading improved slightly and the average daily volume at ready counter increased by 1.5 percen
Published 16 May, 2011 12:00am
Futures open interest up by 1.6 percent

Futures open interest up by 1.6 percent

Total open interest at the futures counter increased to Rs 1.07 billion, by 1.6 percent, during the week ended on May 13, 2011. The futures spreads also increased by 19bps to 1.44 percent. Trading at the futures counter, however, remained low as the avera
Published 16 May, 2011 12:00am
Futures open interest up by 1.6 percent

Futures open interest up by 1.6 percent

Total open interest at the futures counter increased to Rs 1.07 billion, by 1.6 percent, during the week ended on May 13, 2011. The futures spreads also increased by 19bps to 1.44 percent. Trading at the futures counter, however, remained low as the avera
Published 16 May, 2011 12:00am
Futures open interest up by 1.6 percent

Futures open interest up by 1.6 percent

Total open interest at the futures counter increased to Rs 1.07 billion, by 1.6 percent, during the week ended on May 13, 2011. The futures spreads also increased by 19bps to 1.44 percent. Trading at the futures counter, however, remained low as the avera
Published 16 May, 2011 12:00am
Futures open interest up by 1.6 percent

Futures open interest up by 1.6 percent

Total open interest at the futures counter increased to Rs 1.07 billion, by 1.6 percent, during the week ended on May 13, 2011. The futures spreads also increased by 19bps to 1.44 percent. Trading at the futures counter, however, remained low as the avera
Published 16 May, 2011 12:00am
Arab unrest: perspectives - XXVI

Arab unrest: perspectives - XXVI

The Arab Spring is said to have shattered the new Turkish foreign policy "myth" as popular uprisings sweeping across North Africa and the Middle East have compromised Turkey's influence in the region and have presented a kind of dilemma to it. Some critic
Published 16 May, 2011 12:00am
Arab unrest: perspectives - XXVI

Arab unrest: perspectives - XXVI

The Arab Spring is said to have shattered the new Turkish foreign policy "myth" as popular uprisings sweeping across North Africa and the Middle East have compromised Turkey's influence in the region and have presented a kind of dilemma to it. Some critic
Published 16 May, 2011 12:00am
IMF chief held for sexual assault

IMF chief held for sexual assault

IMF chief Dominique Strauss-Kahn was charged with attempting to rape a New York hotel maid, in a scandal that upends his plans to run for president of France and throws leadership of the global lender into turmoil at the height of the European debt crisis
Published 16 May, 2011 12:00am
IMF chief held for sexual assault

IMF chief held for sexual assault

IMF chief Dominique Strauss-Kahn was charged with attempting to rape a New York hotel maid, in a scandal that upends his plans to run for president of France and throws leadership of the global lender into turmoil at the height of the European debt crisis
Published 16 May, 2011 12:00am
IMF chief held for sexual assault

IMF chief held for sexual assault

IMF chief Dominique Strauss-Kahn was charged with attempting to rape a New York hotel maid, in a scandal that upends his plans to run for president of France and throws leadership of the global lender into turmoil at the height of the European debt crisis
Published 16 May, 2011 12:00am
Prime Minister to pay four-day visit to China from May 17

Prime Minister to pay four-day visit to China from May 17

Prime Minister Syed Yousuf Raza Gilani will pay a four-day official visit to China from May 17 (Tuesday), to discuss with its leadership ways to strengthen bilateral ties that mark six decades of friendship.
Published 16 May, 2011 12:00am
Saudi king opens largest women-only university

Saudi king opens largest women-only university

Saudi King Abdullah inaugurated on Sunday the largest women-only university campus in the ultra-conservative kingdom which applies strict segregation between men and women. The $5.3-billion new campus of Princess Nora bint Abdulrahman University, spread o
Published 16 May, 2011 12:00am
Blackwater founder builds foreign force in UAE: New York Times

Blackwater founder builds foreign force in UAE: New York Times

The crown prince of Abu Dhabi has hired the founder of private security firm Blackwater World-wide to set up an 800-member battalion of foreign troops for the United Arab Emirates, The New York Times reported on Sunday.
Published 16 May, 2011 12:00am
MONEY WEEK: Decline in investment and saving affecting growth prospects

MONEY WEEK: Decline in investment and saving affecting growth prospects

'The Budget Strategy Paper 2011-14' addresses the limitation of fiscal managers to bring the economy back on high growth track, curb inflation, and generate employment. But the solutions are far and few. The most worrisome indicators are the falling trend
Published 16 May, 2011 12:00am
MONEY WEEK: Decline in investment and saving affecting growth prospects

MONEY WEEK: Decline in investment and saving affecting growth prospects

'The Budget Strategy Paper 2011-14' addresses the limitation of fiscal managers to bring the economy back on high growth track, curb inflation, and generate employment. But the solutions are far and few. The most worrisome indicators are the falling trend
Published 16 May, 2011 12:00am
MONEY WEEK: Decline in investment and saving affecting growth prospects

MONEY WEEK: Decline in investment and saving affecting growth prospects

''The Budget Strategy Paper 2011-14'' addresses the limitation of fiscal managers to bring the economy back on high growth track, curb inflation, and generate employment. But the solutions are far and few. The most worrisome indicators are the falling tre
Published 16 May, 2011 12:00am
Arab League selects Egyptian as secretary general

Arab League selects Egyptian as secretary general

After a last minute change of candidates, Egyptian Foreign Minister Nabil Elaraby was elected the new secretary-general of the Arab League. The 22-member Arab organisation chose Elaraby to replace Amr Moussa, a former Egyptian foreign minister who has sai
Published 16 May, 2011 12:00am
Arab League selects Egyptian as secretary general

Arab League selects Egyptian as secretary general

After a last minute change of candidates, Egyptian Foreign Minister Nabil Elaraby was elected the new secretary-general of the Arab League. The 22-member Arab organisation chose Elaraby to replace Amr Moussa, a former Egyptian foreign minister who has sai
Published 16 May, 2011 12:00am
Ameer Muqam resigns

Ameer Muqam resigns

Within two week of joining the government, differences in Pakistan Muslim League (Q) became more visible on Sunday after the resignation by Minister for Production Engineer Ameer Muqam from the Cabinet.
Published 16 May, 2011 12:00am
Ameer Muqam resigns

Ameer Muqam resigns

Within two week of joining the government, differences in Pakistan Muslim League (Q) became more visible on Sunday after the resignation by Minister for Production Engineer Ameer Muqam from the Cabinet.
Published 16 May, 2011 12:00am
Pakistani charged in US over Taliban support denies link

Pakistani charged in US over Taliban support denies link

A Pakistani teenager wanted in the United States on charges of financing and supporting the Pakistani Taliban denied on Sunday any connection with the militants, saying his family was only helping victims of war.
Published 16 May, 2011 12:00am
Pakistani charged in US over Taliban support denies link

Pakistani charged in US over Taliban support denies link

A Pakistani teenager wanted in the United States on charges of financing and supporting the Pakistani Taliban denied on Sunday any connection with the militants, saying his family was only helping victims of war.
Published 16 May, 2011 12:00am
Musharraf to meet Saudi rulers on May 19

Musharraf to meet Saudi rulers on May 19

Former president General Pervez Musharraf (retd) will hold a meeting with Saudi rulers on May 19. The former president during his meeting with Saudi ruler will discuss the situation arising after the Osama bin Laden operation in Pakistan by US special for
Published 16 May, 2011 12:00am
Australia clinches Azlan Shah Cup

Australia clinches Azlan Shah Cup

Pakistan displayed brilliant show in the final of Azlan Shah Cup Hockey Tournament here on Sunday against Australia before going down by a narrow 2-3 defeat. Pakistan fought valiantly in Sunday's match as Pakistan and Australia were 2 each at the end of r
Published 16 May, 2011 12:00am
Australia clinches Azlan Shah Cup

Australia clinches Azlan Shah Cup

Pakistan displayed brilliant show in the final of Azlan Shah Cup Hockey Tournament here on Sunday against Australia before going down by a narrow 2-3 defeat. Pakistan fought valiantly in Sunday's match as Pakistan and Australia were 2 each at the end of r
Published 16 May, 2011 12:00am
Osama was a US prisoner before being killed: Iran

Osama was a US prisoner before being killed: Iran

Al Qaeda founder Osama bin Laden was a prisoner in US custody for "sometime" before he was killed by the American military, Iranian President Mahmoud Ahmadinejad said on Sunday.
Published 16 May, 2011 12:00am
Osama was a US prisoner before being killed: Iran

Osama was a US prisoner before being killed: Iran

Al Qaeda founder Osama bin Laden was a prisoner in US custody for "sometime" before he was killed by the American military, Iranian President Mahmoud Ahmadinejad said on Sunday.
Published 16 May, 2011 12:00am
Price hike, minimum wage: PLP to join sit-in of trade unions on May 24

Price hike, minimum wage: PLP to join sit-in of trade unions on May 24

Pakistan Labour Party will joint activists of 20 top trade unions of the country to stage a sit-in on Chairing Cross in Lahore on May 24 against the rising inflation and for enhancing minim wage. The PLP has demanded that minimum labour wages in the count
Published 16 May, 2011 12:00am
US administration divided on ties with Pakistan: report

US administration divided on ties with Pakistan: report

The administration of US President Barack Obama is divided over the future of its relationship with Pakistan following the killing of al Qaeda founder Osama bin Laden, The Washington Post reported Sunday. US commandos killed bin Laden in an urban compound
Published 16 May, 2011 12:00am
Shahbaz stresses collective efforts for progress

Shahbaz stresses collective efforts for progress

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Pakistan is the country of 180 million people and there is a need for collective efforts for its progress and prosperity. It was the time to take guidance from Misaq-Madina and follow the princi
Published 16 May, 2011 12:00am
Two 'spies' killed in North Waziristan

Two 'spies' killed in North Waziristan

Taliban militants killed two men in restive tribal district after accusing them of spying for the United States, police officials said Sunday. The bodies were found on roadsides, one hacked into pieces, in the Nawi Adda and Boya areas of the Datta Khel re
Published 16 May, 2011 12:00am
Osama's hideout regularly visited by Taliban: report

Osama's hideout regularly visited by Taliban: report

Al Qaeda Chief, Osama Bin Laden had direct contact with Taliban allies and fellow Arab fundraisers at the compound in Abbottabad, British newspaper The Telegraph claimed. According to the newspaper, British intelligence agents last week joined their US co
Published 16 May, 2011 12:00am
'LGH has become one of the leading institutions of the region'

'LGH has become one of the leading institutions of the region'

Lahore General Hospital (LGH) has become one of the leading institutions of the region as an average of 3500 patients come here daily for treatment. The Services of the hospital will be expanded further with the establishment of Punjab Institute of Neuros
Published 16 May, 2011 12:00am
Charsadda bombing: British Prime Minister phones Gilani

Charsadda bombing: British Prime Minister phones Gilani

British Prime Minister David Cameron called Prime Minister Syed Yousuf Raza Gilani on telephone Sunday afternoon to commensurate the killing of over 90 Frontier Constabulary personnel in a suicide attack in Charsadda, PM Media Cell said here on Sunday. He
Published 16 May, 2011 12:00am
Lord Nazir endorses parliament's joint resolution

Lord Nazir endorses parliament's joint resolution

Member of the British upper house of Lords, Lord Nazir Ahmed has extended his full endorsement and backing for the joint resolution passed by the Pakistani parliament calling for immediate halt to drone attacks by the US and to uphold country's sovereignt
Published 16 May, 2011 12:00am
Absence of laws promoting quackery: NCT President

Absence of laws promoting quackery: NCT President

Pakistan lacks a uniform framework for the practitioners of herbal medicines, which has given rise to quackery in the country. This was stated by President National Council for Tibb (NCT) Professor Munawar Shiekh while addressing a press conference here o
Published 16 May, 2011 12:00am
Firdous condemns unprovoked Indian firing

Firdous condemns unprovoked Indian firing

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Sunday strongly condemned unprovoked firing by Indian troops at Suchetgarh, saying Pakistan had the capability to respond the aggression. Addressing a public meeting after inaugura
Published 16 May, 2011 12:00am
Government always consulted parties on national issues: Gilani

Government always consulted parties on national issues: Gilani

Prime Minister Yousuf Raza Gilani said on Sunday that the PPP-led coalition government had always consulted all political forces on major national issues, and succeeded in building a consensus national policy. He was talking to Punjab Governor Latif Khan
Published 16 May, 2011 12:00am
Pakistan and UK discuss Abbottabad operation

Pakistan and UK discuss Abbottabad operation

Permanent Under Secretary of the British Foreign and Commonwealth Office Simon Fraser met Foreign Secretary Salman Bashir Sunday here and held an in-depth exchange of views on bilateral, regional and global issues. The Foreign Secretary expressed satisfac
Published 16 May, 2011 12:00am
Religious parties urge government to sever strategic relations with US

Religious parties urge government to sever strategic relations with US

While appreciating the parliament's joint resolution, speakers belonging to various religious parties at Istehkam-e-Pakistan rally demanded of the government to end strategic relations with the US, downing the drones and cutting off Nato supplies.
Published 16 May, 2011 12:00am
Quake jolts KP, federal capital

Quake jolts KP, federal capital

A mild intensity earthquake jolted various parts of Khyber Pakhtunkwa and federal capital on Sunday at 11.48 am. The magnitude of the quake was 4.7 at international richter scale and its epicentre was 41 Kilometre deep and 64 north west of Mansehra, met o
Published 16 May, 2011 12:00am
Five-day Pakistan expo in Dahka next month

Five-day Pakistan expo in Dahka next month

The Rawalpindi Chamber of Commerce and Industry (RCCI) on Sunday underlined the need for promoting peace in the region through enhancing trade activities among the Saarc countries.
Published 16 May, 2011 12:00am
Two women found dead in beauty parlour

Two women found dead in beauty parlour

Two women were found dead in a beauty parlour at Barkat Market, Garden Town area on Sunday. According to police, a woman went to the parlour in the afternoon and saw Khadija and Ambarin lying in pool of blood and informed the police. A police team reached
Published 16 May, 2011 12:00am
'62.3 percent of wheat procurement target achieved'

'62.3 percent of wheat procurement target achieved'

The district food department has achieved 62.3 percent of the wheat procurement target, here on Sunday. According to DFC Sufian Ahmed, district food department had established 12 centres to purchase wheat from farmers. He said the department has achieved
Published 16 May, 2011 12:00am
MNA Fazal Karim injured in road accident

MNA Fazal Karim injured in road accident

Chairman Sunni Itehad Council and MNA Sahibzada Fazal Karim was injured in a road accident near Qasba Gujrat here late Saturday night. According to sources, Chairman Sunni Itehad Council and MNA Sahibzada Fazal Karim was heading to Multan from Qasba Gujra
Published 16 May, 2011 12:00am
China-Pakistan alliance strengthened after bin Laden

China-Pakistan alliance strengthened after bin Laden

Tensions between the US and Pakistan over the killing of Osama bin Laden and a speedier US withdrawal from Afghanistan are likely to reinforce China and Pakistan's already strong ties, analysts say.
Published 16 May, 2011 12:00am
Joint session of parliament was just a talk show: Munawar

Joint session of parliament was just a talk show: Munawar

Amir Jamaat-e-Islami Syed Munawar Hasan has said that if the armed forces failed to protect the ideological and geographical boundaries of the country, the masses would be compelled to take up arms against US terrorism. He was addressing a huge rally at M
Published 16 May, 2011 12:00am
Hill stations await tourists

Hill stations await tourists

Pakistan Tourism Corporation (PTDC) has welcomed the tourists to its fabulous destinations that are located at remote, but enchanting and cooler places. The corporation is all set to facilitate tourists at its resorts situated in picturesque areas includi
Published 16 May, 2011 12:00am
Two killed in road accidents

Two killed in road accidents

Two people died in separate road mishaps, here on Sunday. Police constable Abdul Majid died and constables Morial and Saeed were injured when a police mobile van collided with a car at Qasim Chowk. The injured were rushed to the Civil Hospital. Separately
Published 16 May, 2011 12:00am
Girl commits suicide

Girl commits suicide

A girl committed suicide after consuming poison in Killi Ismail area of the provincial capital Quetta. "The deceased was identified as Asma, resident of Killi Ismail," police said on Sunday. They said that the cause behind the incident could not be ascert
Published 16 May, 2011 12:00am
Met office predicts hot weather

Met office predicts hot weather

As mercury jumped to 48 degree Celsius at Noor Pur Thal in Punjab on Sunday, Met Office predicted severe heat wave conditions in most parts of the country during next few days. In its weather advisory, Met office said a severe heat wave has developed over
Published 16 May, 2011 12:00am
Police, CPLC performance lauded

Police, CPLC performance lauded

S M Muneer, Patron-in-Chief, Syed Johar Ali Qandhari Chairman, Senator Abdul Haseeb Khan, CEO KITE DMC and Mian Zahid Hussain, Former Chairman Korangi Association of Trade & Industry have hailed the efforts of CPLC and Sindh Police on rescuing Ahmed Fuad
Published 16 May, 2011 12:00am
Hedge trading in cotton: PCGA, others oppose SECP's decision

Hedge trading in cotton: PCGA, others oppose SECP's decision

Security and Exchange Commission of Pakistan (SECP) has allowed the hedge trading in cotton unilaterally without consulting the other stakeholders like farmers, ginners, textile millers, spinners and weavers etc.
Published 16 May, 2011 12:00am
WAPDA begins work on Jabban Hydropower Rehabilitation Project

WAPDA begins work on Jabban Hydropower Rehabilitation Project

Pakistan Water and Power Development Authority (WAPDA) has initiated construction work on Jabban Hydropower Rehabilitation Project at a cost of Rs3.7 billion, which is scheduled to be completed in one year and nine months.
Published 16 May, 2011 12:00am
Eight of a family burnt alive in road accident

Eight of a family burnt alive in road accident

Nine persons including five children burnt alive when two cars caught fire after head-on collision in Burewala on Sunday morning. Of the deceased, eight belonged to the same family.
Published 16 May, 2011 12:00am
Two prisoners escape from CHK jail ward

Two prisoners escape from CHK jail ward

Two prisoners managed to escape from the jail ward of Civil Hospital Karachi on Sunday in the limits of Eidghah police station. According to SP City Town Saqib Sultan, prisoners Kashif and Allauddin were brought by the central jail Police to the jail ward
Published 16 May, 2011 12:00am
At least 18 killed as Palestinians mark Nakba day

At least 18 killed as Palestinians mark Nakba day

Palestinian commemorations on Nakba (catastrophe) day - the anniversary of Israel's founding - turned violent Sunday, as hundreds of protestors tried to storm the borders with Israel, and rioting took place north of Jerusalem. By late afternoon, at least
Published 16 May, 2011 12:00am
Amr Mussa says to change Israel tack

Amr Mussa says to change Israel tack

The frontrunner in Egypt's upcoming presidential election, Amr Mussa, distanced himself from his country's past policies towards Israel and told AFP in an interview his government would be frank with the US.
Published 16 May, 2011 12:00am
Belarus jails opposition leader for five years

Belarus jails opposition leader for five years

Belarus on Saturday jailed opposition leader Andrei Sannikov for five years on charges of organising protests after the disputed re-election of authoritarian President Alexander Lukashenko.
Published 16 May, 2011 12:00am
'Planking' craze claims life in Australia

'Planking' craze claims life in Australia

A new craze sweeping the Internet known as "planking" has claimed a life in Australia with a man attempting the fad plunging to his death from a balcony Sunday. Planking involves someone lying flat on their stomach with their arms against their bodies in
Published 16 May, 2011 12:00am
Gulf mediator to meet Yemen's Saleh as violence rages

Gulf mediator to meet Yemen's Saleh as violence rages

A Gulf mediator was to meet President Ali Abdullah Saleh Sunday in a new bid to resolve Yemen's political crisis despite scepticism from the opposition and as violence raged across the country. Gulf Co-operation Council (GCC) Secretary General Abdullatif
Published 16 May, 2011 12:00am
Ahmadinejad 'under a spell': top cleric

Ahmadinejad 'under a spell': top cleric

Iranian President Mahmoud Ahmadinejad has been put "under a spell" by his chief of staff Esfandiar Rahim Mashaie, an ultra-conservative cleric was quoted by local media on Sunday as saying.
Published 16 May, 2011 12:00am
Libya offers truce to UN as revolt enters 4th month

Libya offers truce to UN as revolt enters 4th month

Moammer Qadhafi's prime minister offered on Sunday a truce to the visiting UN special envoy to Libya, Abdul-Ilah al-Khatib, in return for an immediate Nato cease-fire, as an anti-regime revolt entered a fourth month.
Published 16 May, 2011 12:00am
Eight killed as Syria bloodshed spills into Lebanon

Eight killed as Syria bloodshed spills into Lebanon

Security forces killed seven people in the town of Tall Kalakh on Sunday as Syria's unrest entered a third month and spilled over into Lebanon where a woman died at a border crossing. Pope Benedict XVI lamented the bloodshed and called for "cohabitation"
Published 16 May, 2011 12:00am
Russian veteran warns of 'unsolvable' Afghan violence

Russian veteran warns of 'unsolvable' Afghan violence

Violence will erupt in Afghanistan once Nato-led forces complete their planned pullout, repeating the aftermath following the Soviet exit, the head of Russia's Union of Afghan Veterans said in an interview. Moscow is still haunted by its own disastrous, d
Published 16 May, 2011 12:00am
Five killed in Iraq

Five killed in Iraq

Three members of the same family and two other people were killed in violence in the capital and northern Iraq on Sunday, including a string of Baghdad rocket attacks, a security official said. In the deadliest incident, gunmen wearing police uniforms sto
Published 16 May, 2011 12:00am
Moroccan police disperse opposition protest

Moroccan police disperse opposition protest

Moroccan security services used truncheons to disperse a pro-democracy protest on the southern outskirts of the capital Rabat on Sunday, injuring around four people, a Reuters reporter at the scene said.
Published 16 May, 2011 12:00am
Tunisia arrests al Qaeda suspects

Tunisia arrests al Qaeda suspects

Tunisian security forces have arrested two people suspected of being members of al Qaeda near the Libyan border who were carrying an explosives belt and several bombs, a security source told Reuters on Sunday. The men, thought to be members of al Qaeda in
Published 16 May, 2011 12:00am
Saudi bourse in talks to join MSCI index

Saudi bourse in talks to join MSCI index

Saudi Arabia's stock exchange is in talks with several index providers, including influential index compiler MSCI, to become one of its component, the president of the Saudi Capital Market Authority (CMA) said. "The kingdom is eligible to join emerging ma
Published 16 May, 2011 12:00am
Abu Dhabi broker eyes share of FX, commodity trading

Abu Dhabi broker eyes share of FX, commodity trading

ADS Securities, a new Abu Dhabi-based brokerage, is eyeing a share of the rapidly growing trade in commodities and foreign exchange by bridging the time gap between Asian and European markets, its top executive said.
Published 16 May, 2011 12:00am
Middle East stocks: Gulf markets fall, Egypt index up

Middle East stocks: Gulf markets fall, Egypt index up

Most Gulf Arab markets slid on Sunday, tracking Friday's weakness in global markets as local news flow was muted, while Egypt bucked the trend with real estate stocks supporting. "Generally, global macroeconomic factors have been weak and markets across t
Published 16 May, 2011 12:00am
Global Markets Weekahead: drip, drip from the euro debt crisis

Global Markets Weekahead: drip, drip from the euro debt crisis

The eurozone debt crisis is a story that just will not go away, a drip-drip water torture that investors and financial markets cannot ignore. So while investors may want to focus in the coming week on issues as diverse as UK interest rates, highly volatil
Published 16 May, 2011 12:00am
Investors cut bets on yuan, Singapore dollar

Investors cut bets on yuan, Singapore dollar

Investors slashed their bets on the Singapore dollar by the most in six months and became less bullish on the yuan, as volatile commodity markets and Greece's debt problems lifted the US dollar, a monthly Reuters poll showed on Friday.
Published 16 May, 2011 12:00am
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