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Archive - 2011-05-22
Pakistani openers build on lead
Cricket

Pakistani openers build on lead

BASSETERRE : Mohammad Hafeez and Taufeeq Umar cut loose after surviving early scares, taking Pakistan to 55 without l
Published 22 May, 2011 04:51pm
PM's visit to China to boost trade
Top News

PM's visit to China to boost trade

LAHORE : The representatives of business community on Sunday said that Prime Minister Syed Yusuf Raza Gilani's visit to
Published 22 May, 2011 11:49am
16 dead in blasts in and around Baghdad
Top News

16 dead in blasts in and around Baghdad

BAGHDAD: More than a dozen bomb attacks in and around Baghdad on Sunday left 16 people dead including 10 people killed i
Published 22 May, 2011 08:54am
IPO VIEW: risks mount from US exchanges big China push

IPO VIEW: risks mount from US exchanges big China push

US stock exchanges make a lot of money from listing Chinese companies, but that business may come back to haunt them. The revenue that these companies generate is so tempting that NYSE Euronext and Nasdaq OMX Group are scouring China for new companies to
Published 22 May, 2011 12:00am
Court suspends Sri Lanka student boot-camp plan

Court suspends Sri Lanka student boot-camp plan

Sri Lanka's Supreme Court has suspended a government plan to make military training compulsory for students who qualify for university education, an official said Saturday. The top court late Friday ordered the education ministry to delay implementation o
Published 22 May, 2011 12:00am
Three share Hong Kong $17 million lotto jackpot

Three share Hong Kong $17 million lotto jackpot

Three people shared a $17 million lottery jackpot in Hong Kong that saw thousands flocking to betting shops across the southern Chinese city for a chance to win the prize. The trio will each take home HK$44.5 million ($5.7 million) after the Mark Six draw
Published 22 May, 2011 12:00am
US closes banks in Georgia and Washington state

US closes banks in Georgia and Washington state

US authorities closed two small banks in west-central Georgia and one in Washington state on Friday, bringing the number of foreclosures in 2011 to 43. CertusBank, a subsidiary of Blue Ridge Holdings Inc, bought the Georgia banks. Blue Ridge is led by for
Published 22 May, 2011 12:00am
BoJ keeps monetary policy steady

BoJ keeps monetary policy steady

The Bank of Japan kept monetary policy steady on Friday in a sign that a first-quarter economic slump failed to undermine the central bank's confidence growth will pick up around autumn when the wounds from the devastating earthquake begin to heal. In a s
Published 22 May, 2011 12:00am
Vietnam party boat sinks, 16 dead

Vietnam party boat sinks, 16 dead

Sixteen people, including a three-year-old boy, drowned in Vietnam after their vessel sank during the child's birthday party, officials said Saturday, as police arrested three boat company workers. About 100 police and soldiers were mobilised on the Saigo
Published 22 May, 2011 12:00am
Saudi Arabia delays municipal elections by one week

Saudi Arabia delays municipal elections by one week

Saudi Arabia has delayed municipal elections in the kingdom by a week to allow for National Day celebrations, the head of the election committee said on Saturday. The world's biggest oil exporter announced in March it would hold the vote, in the first pol
Published 22 May, 2011 12:00am
Georgian protests, TV building attacked

Georgian protests, TV building attacked

Some 10,000 Georgians rallied in Tbilisi demanding President Mikheil Saakashvili resign, while in the south-western town of Batumi a witness said demonstrators tried to break into a television building. Tsira Abuladze, head of news at state television in
Published 22 May, 2011 12:00am
Fleeing Syrians say too late for reforms, Assad must go

Fleeing Syrians say too late for reforms, Assad must go

Syrians who fled for their lives from a security crackdown in the border town of Tel Kelakh say violence has hardened attitudes towards President Bashar al-Assad and unrest will not end until he steps down. Assad had lost credibility and it was too late t
Published 22 May, 2011 12:00am
Egypt court adjourns minister trial after scuffle

Egypt court adjourns minister trial after scuffle

Scuffles broke out between lawyers and security officers in a Cairo court on Saturday, disrupting the trial of Egypt's reviled former interior minister and six other ministry officials on charges of killing protesters. A witness told Reuters police lined
Published 22 May, 2011 12:00am
Bomb rocks Northern Irish shopping street, no injuries

Bomb rocks Northern Irish shopping street, no injuries

A bomb exploded on a shopping street in the centre of Northern Ireland's second city Londonderry on Saturday but no injuries were reported as the area was evacuated after a warning. The blast happened in a branch of the Spanish-owned Santander Bank one da
Published 22 May, 2011 12:00am
India's IMF director hits method for naming chief

India's IMF director hits method for naming chief

India's IMF director on Thursday said the institution needs to revamp how it chooses it managing director, after decades of as "consensus" that let Europeans monopolise the top position. Hours after the resignation of International Monetary Fund chief Dom
Published 22 May, 2011 12:00am
Australia still seeks Doha deal in 2011

Australia still seeks Doha deal in 2011

Australia still hopes for a final deal in ailing world trade talks this year, but recognises countries must change course to reach that elusive target, the country's trade minister said on Friday. "Australia still seeks the best quality outcome that can b
Published 22 May, 2011 12:00am
Mexican Coca-Cola bottlers merge

Mexican Coca-Cola bottlers merge

Mexico's Arca and Contal will merge to create the world's fourth-largest Coca-Cola bottler after approval from shareholders on Friday. The merger will create a company with a market capitalisation of around $7 billion that will be known as Arca Continenta
Published 22 May, 2011 12:00am
US cattle supply largest in four years

US cattle supply largest in four years

The number of cattle being fattened for beef rose by more than expected last month while meat in cold storage surged, data showed on Friday, as a severe Southern drought forced ranchers to sell stock quickly. Live cattle prices are likely to fall on Monda
Published 22 May, 2011 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 111,109 tonnes of cargo including 71,143 tonnes of import cargo, 39,966 tonnes of export cargo and 3,096 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 71,143 tonnes compr
Published 22 May, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose due to planting concerns on Friday to top up a 4 percent weekly gain, the biggest in five months for the nearby contract. Turn to wetter weather on eastern Canadian Prairies added to planting concerns. Options trading busy
Published 22 May, 2011 12:00am
Indonesian robusta price differentials up in Europe's coffee market

Indonesian robusta price differentials up in Europe's coffee market

Price differentials for Indonesian robusta shot up in Europe's cash coffee market this week as export supplies were well below international demand, traders said on Friday. "Coffee flows out of Indonesia are not enough to satisfy roaster requirements," on
Published 22 May, 2011 12:00am
Rains delay Argentina's soya harvest

Rains delay Argentina's soya harvest

Showers in Argentina's farming areas caused some delays in the country's 2010/11 soya harvest, the government said in its weekly report on Friday, although most of the crop has already been brought in. The South American country is the world's No 1 soyame
Published 22 May, 2011 12:00am
Drought in EU and US stressing crops and farmers

Drought in EU and US stressing crops and farmers

Drought from Paris, France to Paris, Texas has farmers and grain dealers looking upwards. The farmers are looking to the skies for rain and the dealers are wondering where rising grain prices are going to stop. US wheat prices are on their way to their bi
Published 22 May, 2011 12:00am
Export inquiries push guwar rate up on grain market

Export inquiries push guwar rate up on grain market

Export inquiries pushed up the prices of Guwar on the wholesale grain market on Saturday, dealers said. As a whole, general trend in the market was up as grams prices also went higher ahead of 2011-12 budget announcement and Ramazan, commodity experts sai
Published 22 May, 2011 12:00am
Strong demand keeps rates firm on cotton market

Strong demand keeps rates firm on cotton market

Strong mills and exporters' buying pushed the prices a bit higher on the cotton market on Saturday, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. In Sindh and Punjab, phutty price of low type w
Published 22 May, 2011 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was higher on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida that had closed at Rs 1334.50 commenced with a gain of 30 paisa at Rs 1334.80 owing to short of supply. The July vaida started
Published 22 May, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 22 May, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 22 May, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 21, 2011).
Published 22 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
THE RUPEE: dollar rises further

THE RUPEE: dollar rises further

Persisting demand for dollars, forced the rupee to shed its value further in terms of the US currency on both open and interbank market on Saturday, dealers said. It was noted that gap between the interbank and open market rates widened, which is approxim
Published 22 May, 2011 12:00am
THE RUPEE: dollar rises further

THE RUPEE: dollar rises further

Persisting demand for dollars, forced the rupee to shed its value further in terms of the US currency on both open and interbank market on Saturday, dealers said. It was noted that gap between the interbank and open market rates widened, which is approxim
Published 22 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Pakistan says wants China to build naval base

Pakistan says wants China to build naval base

Pakistan said on Saturday it wanted China to build it a naval base, in the latest sign of moves to strengthen ties with Beijing as relations with Washington falter. The announcement from defence minister came a day after Prime Minister Yusuf Raza Gilani r
Published 22 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Pakistan says wants China to build naval base

Pakistan says wants China to build naval base

Pakistan said on Saturday it wanted China to build it a naval base, in the latest sign of moves to strengthen ties with Beijing as relations with Washington falter. The announcement from defence minister came a day after Prime Minister Yusuf Raza Gilani r
Published 22 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
AGP detects Rs 33.1 billion irregularities in Erra accounts

AGP detects Rs 33.1 billion irregularities in Erra accounts

Embezzlement, irregularities and mismanagement of Rs 33.1 billion was detected in the accounts of Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to Auditor General of Pakistan's Report-2010-11.
Published 22 May, 2011 12:00am
AGP detects Rs 33.1 billion irregularities in Erra accounts

AGP detects Rs 33.1 billion irregularities in Erra accounts

Embezzlement, irregularities and mismanagement of Rs 33.1 billion was detected in the accounts of Earthquake Reconstruction and Rehabilitation Authority (ERRA), according to Auditor General of Pakistan's Report-2010-11.
Published 22 May, 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 Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
SBP leaves key policy rate at 14 percent

SBP leaves key policy rate at 14 percent

The State Bank of Pakistan held its policy rate unchanged at 14 percent, for two months, due to improvement in the external current account (surplus of $748 million in July-April) FY11 and expectations of exports to exceed $25 billion in current financial
Published 22 May, 2011 12:00am
SBP leaves key policy rate at 14 percent

SBP leaves key policy rate at 14 percent

The State Bank of Pakistan held its policy rate unchanged at 14 percent, for two months, due to improvement in the external current account (surplus of $748 million in July-April) FY11 and expectations of exports to exceed $25 billion in current financial
Published 22 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
SBP leaves key policy rate at 14 percent

SBP leaves key policy rate at 14 percent

The State Bank of Pakistan held its policy rate unchanged at 14 percent, for two months, due to improvement in the external current account (surplus of $748 million in July-April) FY11 and expectations of exports to exceed $25 billion in current financial
Published 22 May, 2011 12:00am
SBP leaves key policy rate at 14 percent

SBP leaves key policy rate at 14 percent

The State Bank of Pakistan held its policy rate unchanged at 14 percent, for two months, due to improvement in the external current account (surplus of $748 million in July-April) FY11 and expectations of exports to exceed $25 billion in current financial
Published 22 May, 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 Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Price pressure to persist as demand-supply gap widens

Price pressure to persist as demand-supply gap widens

SBP in its monetary policy statement emphasised yet again on the implication of increased reliance on budgetary borrowing on domestic banking sources owing to lack of foreign funding and slippage in deficit. "The basic intermediation function of scheduled
Published 22 May, 2011 12:00am
Price pressure to persist as demand-supply gap widens

Price pressure to persist as demand-supply gap widens

SBP in its monetary policy statement emphasised yet again on the implication of increased reliance on budgetary borrowing on domestic banking sources owing to lack of foreign funding and slippage in deficit. "The basic intermediation function of scheduled
Published 22 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
Price pressure to persist as demand-supply gap widens

Price pressure to persist as demand-supply gap widens

SBP in its monetary policy statement emphasised yet again on the implication of increased reliance on budgetary borrowing on domestic banking sources owing to lack of foreign funding and slippage in deficit. "The basic intermediation function of scheduled
Published 22 May, 2011 12:00am
Price pressure to persist as demand-supply gap widens

Price pressure to persist as demand-supply gap widens

SBP in its monetary policy statement emphasised yet again on the implication of increased reliance on budgetary borrowing on domestic banking sources owing to lack of foreign funding and slippage in deficit. "The basic intermediation function of scheduled
Published 22 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (May 21, 2011) and for Sunday (May 22, 2011).
Published 22 May, 2011 12:00am
ST exemption on machinery import withdrawn: major ambiguity removed

ST exemption on machinery import withdrawn: major ambiguity removed

The Federal Board of Revenue (FBR) has removed a major ambiguity in the tax law by withdrawing sales tax exemption on import of machinery, equipment and other related equipment imported by commercial and industrial units under customs SRO 575(I)/2006, as
Published 22 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
ST exemption on machinery import withdrawn: major ambiguity removed

ST exemption on machinery import withdrawn: major ambiguity removed

The Federal Board of Revenue (FBR) has removed a major ambiguity in the tax law by withdrawing sales tax exemption on import of machinery, equipment and other related equipment imported by commercial and industrial units under customs SRO 575(I)/2006, as
Published 22 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
ST exemption on machinery import withdrawn: major ambiguity removed

ST exemption on machinery import withdrawn: major ambiguity removed

The Federal Board of Revenue (FBR) has removed a major ambiguity in the tax law by withdrawing sales tax exemption on import of machinery, equipment and other related equipment imported by commercial and industrial units under customs SRO 575(I)/2006, as
Published 22 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 21, 2011).

Published 22 May, 2011 12:00am
ST exemption on machinery import withdrawn: major ambiguity removed

ST exemption on machinery import withdrawn: major ambiguity removed

The Federal Board of Revenue (FBR) has removed a major ambiguity in the tax law by withdrawing sales tax exemption on import of machinery, equipment and other related equipment imported by commercial and industrial units under customs SRO 575(I)/2006, as
Published 22 May, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (May 21, 2011) and the forecast for Sunday (May 22, 2011).

Published 22 May, 2011 12:00am
Pakistan to sign two MoUs with Russia

Pakistan to sign two MoUs with Russia

Pakistan will sign two more Memoranda of Understanding (MOUs) with Russia in upcoming 'Investment Conference' to be held next month in Russia. The Ministry of Law did not approve the draft of these MOUs nor did the cabinet approve the MOUs in time for Pre
Published 22 May, 2011 12:00am
Pakistan to sign two MoUs with Russia

Pakistan to sign two MoUs with Russia

Pakistan will sign two more Memoranda of Understanding (MOUs) with Russia in upcoming 'Investment Conference' to be held next month in Russia. The Ministry of Law did not approve the draft of these MOUs nor did the cabinet approve the MOUs in time for Pre
Published 22 May, 2011 12:00am
Pakistan to sign two MoUs with Russia

Pakistan to sign two MoUs with Russia

Pakistan will sign two more Memoranda of Understanding (MOUs) with Russia in upcoming ''Investment Conference'' to be held next month in Russia. The Ministry of Law did not approve the draft of these MOUs nor did the cabinet approve the MOUs in time for P
Published 22 May, 2011 12:00am
15 percent flood surcharge to end on June 30

15 percent flood surcharge to end on June 30

The 15 percent income tax flood surcharge would automatically stand abolished on June 30, 2011, unless extended through Finance bill 2011 for the next fiscal year (2011-12). Tax experts told Business Recorder here on Saturday that the 15 percent su
Published 22 May, 2011 12:00am
15 percent flood surcharge to end on June 30

15 percent flood surcharge to end on June 30

The 15 percent income tax flood surcharge would automatically stand abolished on June 30, 2011, unless extended through Finance bill 2011 for the next fiscal year (2011-12). Tax experts told Business Recorder here on Saturday that the 15 percent su
Published 22 May, 2011 12:00am
15 percent flood surcharge to end on June 30

15 percent flood surcharge to end on June 30

The 15 percent income tax flood surcharge would automatically stand abolished on June 30, 2011, unless extended through Finance bill 2011 for the next fiscal year (2011-12). Tax experts told Business Recorder here on Saturday that the 15 percent su
Published 22 May, 2011 12:00am
Sir Creek issue: Pakistan and India agree to continue talks

Sir Creek issue: Pakistan and India agree to continue talks

Two-day Pakistan-India talks on Sir Creek issue ended on Saturday on a positive note with both sides agreeing to continue dialogue process in future and date for the next meeting would be decided mutually. In the concluding session, both sides exchanged n
Published 22 May, 2011 12:00am
Sir Creek issue: Pakistan and India agree to continue talks

Sir Creek issue: Pakistan and India agree to continue talks

Two-day Pakistan-India talks on Sir Creek issue ended on Saturday on a positive note with both sides agreeing to continue dialogue process in future and date for the next meeting would be decided mutually. In the concluding session, both sides exchanged n
Published 22 May, 2011 12:00am
Hafeez promises business-friendly budget

Hafeez promises business-friendly budget

All major economic issues afflicting the economy will be addressed within the budgetary framework to reduce inflation and enhance growth, said Dr Abdul Hafeez Shaikh, Minister for Finance. Hafeez Shaikh, while addressing a press conference here on Saturda
Published 22 May, 2011 12:00am
Hafeez promises business-friendly budget

Hafeez promises business-friendly budget

All major economic issues afflicting the economy will be addressed within the budgetary framework to reduce inflation and enhance growth, said Dr Abdul Hafeez Shaikh, Minister for Finance. Hafeez Shaikh, while addressing a press conference here on Saturda
Published 22 May, 2011 12:00am
Hafeez promises business-friendly budget

Hafeez promises business-friendly budget

All major economic issues afflicting the economy will be addressed within the budgetary framework to reduce inflation and enhance growth, said Dr Abdul Hafeez Shaikh, Minister for Finance. Hafeez Shaikh, while addressing a press conference here on Saturda
Published 22 May, 2011 12:00am
India says Sino-Pak ties a 'serious concern'

India says Sino-Pak ties a 'serious concern'

India views with "serious concern" growing defence ties between China and Pakistan and says it will have to bolster its own military capabilities to meet the challenge. "It is a matter of serious concern for us. The main thing is we have to increase our c
Published 22 May, 2011 12:00am
India says Sino-Pak ties a 'serious concern'

India says Sino-Pak ties a 'serious concern'

India views with "serious concern" growing defence ties between China and Pakistan and says it will have to bolster its own military capabilities to meet the challenge. "It is a matter of serious concern for us. The main thing is we have to increase our c
Published 22 May, 2011 12:00am
India says most wanted list blunder 'wake-up' call

India says most wanted list blunder 'wake-up' call

India on Saturday said an embarrassing blunder in the country's "most wanted fugitives list" given to Pakistan was a "wake up" call to security agencies to become more professional. Home Minister P. Chidambaram's statement came after India withdrew a list
Published 22 May, 2011 12:00am
India says most wanted list blunder 'wake-up' call

India says most wanted list blunder 'wake-up' call

India on Saturday said an embarrassing blunder in the country's "most wanted fugitives list" given to Pakistan was a "wake up" call to security agencies to become more professional. Home Minister P. Chidambaram's statement came after India withdrew a list
Published 22 May, 2011 12:00am
Zardari phones Ahmedinejad

Zardari phones Ahmedinejad

President Asif Ali Zardari telephoned Iranian President on Saturday evening. Bilateral relations, economic co-operation and situation in region were discussed. The two leaders agreed on stepping up economic co-operation and increasing connectivity.
Published 22 May, 2011 12:00am
Zardari phones Ahmedinejad

Zardari phones Ahmedinejad

President Asif Ali Zardari telephoned Iranian President on Saturday evening. Bilateral relations, economic co-operation and situation in region were discussed. The two leaders agreed on stepping up economic co-operation and increasing connectivity.
Published 22 May, 2011 12:00am
WikkiLeaks report denied

WikkiLeaks report denied

A spokesman of Inter Services Public Relations (ISPR) on Saturday categorically denied the presence of US troops in North and South Waziristan agencies as reported in the Wikileaks. "No US troops are involved in any military operations in FATA," the spoke
Published 22 May, 2011 12:00am
WikkiLeaks report denied

WikkiLeaks report denied

A spokesman of Inter Services Public Relations (ISPR) on Saturday categorically denied the presence of US troops in North and South Waziristan agencies as reported in the Wikileaks. "No US troops are involved in any military operations in FATA," the spoke
Published 22 May, 2011 12:00am
Used vehicles' import: depreciation rate enhanced

Used vehicles' import: depreciation rate enhanced

The Federal Board of Revenue (FBR) has announced enhancement in maximum limit of depreciation for trucks, agricultural tractors, buses and vans from current 50 percent to 60 percent for the assessment of duties and taxes on the import of such vehicles.
Published 22 May, 2011 12:00am
Used vehicles' import: depreciation rate enhanced

Used vehicles' import: depreciation rate enhanced

The Federal Board of Revenue (FBR) has announced enhancement in maximum limit of depreciation for trucks, agricultural tractors, buses and vans from current 50 percent to 60 percent for the assessment of duties and taxes on the import of such vehicles.
Published 22 May, 2011 12:00am
Used vehicles'' import: depreciation rate enhanced

Used vehicles'' import: depreciation rate enhanced

The Federal Board of Revenue (FBR) has announced enhancement in maximum limit of depreciation for trucks, agricultural tractors, buses and vans from current 50 percent to 60 percent for the assessment of duties and taxes on the import of such vehicles.
Published 22 May, 2011 12:00am
BB murder case: DG FIA issued contempt notice against changing IO

BB murder case: DG FIA issued contempt notice against changing IO

The Anti-Terrorism Court (ATC) has issued contempt of court notice to Federal Investigation Agency (FIA), Director General, Malik Muhammad Iqbal for changing the Investigation Officer in Benazir assassination case and directed him to appear before the cou
Published 22 May, 2011 12:00am
BB murder case: DG FIA issued contempt notice against changing IO

BB murder case: DG FIA issued contempt notice against changing IO

The Anti-Terrorism Court (ATC) has issued contempt of court notice to Federal Investigation Agency (FIA), Director General, Malik Muhammad Iqbal for changing the Investigation Officer in Benazir assassination case and directed him to appear before the cou
Published 22 May, 2011 12:00am
Pak-US relations: foreign office mum about issue of immediate steps

Pak-US relations: foreign office mum about issue of immediate steps

The Foreign Office on Saturday remained tight-lipped regarding several immediate steps to underscore Pakistan's seriousness in renewing its full co-operative efforts with US, agreed during Senator John Kerry's recent visit besides probe into Abbottabad op
Published 22 May, 2011 12:00am
Pak-US relations: foreign office mum about issue of immediate steps

Pak-US relations: foreign office mum about issue of immediate steps

The Foreign Office on Saturday remained tight-lipped regarding several immediate steps to underscore Pakistan's seriousness in renewing its full co-operative efforts with US, agreed during Senator John Kerry's recent visit besides probe into Abbottabad op
Published 22 May, 2011 12:00am
15 killed in Nato tanker fire

15 killed in Nato tanker fire

A bomb attack Saturday on a Nato fuel tanker headed to Afghanistan sparked a huge fire that killed 15 people who had rushed to collect petrol leaking from the bombed-out vehicle, local administration official Shafeerullah Wazir told AFP. Earlier, 11 other
Published 22 May, 2011 12:00am
15 killed in Nato tanker fire

15 killed in Nato tanker fire

A bomb attack Saturday on a Nato fuel tanker headed to Afghanistan sparked a huge fire that killed 15 people who had rushed to collect petrol leaking from the bombed-out vehicle, local administration official Shafeerullah Wazir told AFP. Earlier, 11 other
Published 22 May, 2011 12:00am
Iran arrests 30 people suspected of spying for US

Iran arrests 30 people suspected of spying for US

The Iranian intelligence ministry said on Saturday that it had made 30 arrests as it dismantled a network suspected of spying for the United States on its basic infrastructure as well as its nuclear and defence research. "Due to the massive intelligence a
Published 22 May, 2011 12:00am
Iran arrests 30 people suspected of spying for US

Iran arrests 30 people suspected of spying for US

The Iranian intelligence ministry said on Saturday that it had made 30 arrests as it dismantled a network suspected of spying for the United States on its basic infrastructure as well as its nuclear and defence research. "Due to the massive intelligence a
Published 22 May, 2011 12:00am
Bahrain freezes Iran gas import plans

Bahrain freezes Iran gas import plans

Bahrain has frozen plans to import natural gas from Iran over what it sees as Iranian "interference" in the Gulf Arab state, the Bahraini foreign minister was on Saturday quoted as saying. Sunni-led Bahrain has accused Shia power Iran of stoking protests
Published 22 May, 2011 12:00am
Bahrain freezes Iran gas import plans

Bahrain freezes Iran gas import plans

Bahrain has frozen plans to import natural gas from Iran over what it sees as Iranian "interference" in the Gulf Arab state, the Bahraini foreign minister was on Saturday quoted as saying. Sunni-led Bahrain has accused Shia power Iran of stoking protests
Published 22 May, 2011 12:00am
Bahrain freezes Iran gas import plans

Bahrain freezes Iran gas import plans

Bahrain has frozen plans to import natural gas from Iran over what it sees as Iranian "interference" in the Gulf Arab state, the Bahraini foreign minister was on Saturday quoted as saying. Sunni-led Bahrain has accused Shia power Iran of stoking protests
Published 22 May, 2011 12:00am
US drone strikes: Imran slams government for inaction

US drone strikes: Imran slams government for inaction

The activists of Pakistan Tehreek-e-Insaaf (PTI) led by its chairman Imran Khan staged a sit-in on a road leading to Karachi Port to protest transportation of supplies to Nato forces and drone attacks inside Pakistani territory. The protest began at the J
Published 22 May, 2011 12:00am
US drone strikes: Imran slams government for inaction

US drone strikes: Imran slams government for inaction

The activists of Pakistan Tehreek-e-Insaaf (PTI) led by its chairman Imran Khan staged a sit-in on a road leading to Karachi Port to protest transportation of supplies to Nato forces and drone attacks inside Pakistani territory. The protest began at the J
Published 22 May, 2011 12:00am
ANP supports Osama's elimination: Asfandyar

ANP supports Osama's elimination: Asfandyar

Central President of Awami National Party (ANP), Senator Asfandyar Wali Khan on Saturday said that his party supports elimination of al Qaeda chief, Osama Bin Laden, but has reservation over the procedure adopted for the operation. Addressing a press conf
Published 22 May, 2011 12:00am
ANP supports Osama's elimination: Asfandyar

ANP supports Osama's elimination: Asfandyar

Central President of Awami National Party (ANP), Senator Asfandyar Wali Khan on Saturday said that his party supports elimination of al Qaeda chief, Osama Bin Laden, but has reservation over the procedure adopted for the operation. Addressing a press conf
Published 22 May, 2011 12:00am
CJP urges new advocates to come up to people's expectations

CJP urges new advocates to come up to people's expectations

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has asked the legal community to come up to the public expectations by providing them justice at their doorsteps. He was addressing the participants of 16th Roll Signing Ceremony held here on Saturday i
Published 22 May, 2011 12:00am
Hottest day of May

Hottest day of May

The Karachiites experienced the hottest day of the month on Saturday, as mercury hit a record 44 degrees centigrade amid long power breakdowns. A Met official confirmed that this was the highest temperature for May in the last several years. The humidity
Published 22 May, 2011 12:00am
Capital Police introducing new beat system, community policing

Capital Police introducing new beat system, community policing

Following the people complaints regarding increase in crime rate in federal capital, particularly the street crime, the Capital Police have changed strategy and introduced new beat system and community policing. Under which, 28 officers of Inspector and S
Published 22 May, 2011 12:00am
Government urged to withdraw duty on edible oil raw materials

Government urged to withdraw duty on edible oil raw materials

President Karachi Chamber of Commerce and Industry (KCCI) Mohammad Saeed Shaifq has urged the government to withdraw the amount of duty on the edible oil raw materials completely. In a communication to the government, he noted that edible oil prices for t
Published 22 May, 2011 12:00am
Prices of most commodities including sugar, ghee, flour move higher

Prices of most commodities including sugar, ghee, flour move higher

The prices of sugar, ghee and flour have been increased Rs 100, 90 and 40-50 respectively, revealed a survey conducted by Business Recorder on Saturday. The price of 100kg sugar has been increased by Rs 100, ghee Rs 90 per 16kg and flour Rs 40-50 p
Published 22 May, 2011 12:00am
'We should stop relying on others'

'We should stop relying on others'

Managing Director Siemens (South East Asia) Sohail Wajahat in his lecture on "Career Planning, Corporate Leadership and Good Governance" has said if we stop relying on others and utilise our own resources we will progress. Delivering a lecture at Bashir A
Published 22 May, 2011 12:00am
Kharoatabad incident: Judicial tribunal to submit report within 14 days

Kharoatabad incident: Judicial tribunal to submit report within 14 days

The judicial tribunal comprising Balochistan High Court judge, Mohammad Hashim Kakar would submit its report on Kharoatabad firing incident within 14 days to the provincial government. Balochistan Home Secretary, Zaffarullah Baloch said on Saturday that t
Published 22 May, 2011 12:00am
FIR against Chechens killed in Quetta likely to be amended

FIR against Chechens killed in Quetta likely to be amended

Amendment to FIR against five Chechens including three women killed in firing opened by security forces and police in Khrotabad Quetta on May 17 is likely as post-mortem of the five dead conducted on May 20 has revealed that one of the woman was seven-mon
Published 22 May, 2011 12:00am
Two lawyer brothers shot dead in Mauripur

Two lawyer brothers shot dead in Mauripur

Two brothers, both lawyers by profession, were shot dead by unidentified gunmen on Saturday morning in Mauripur police limits in the western part of the city, police said. "Two brothers were shot dead when they were coming out of their home in their car i
Published 22 May, 2011 12:00am
'Japan to help Pakistan strengthen agriculture sector'

'Japan to help Pakistan strengthen agriculture sector'

Our sacrifices in the war against terror are numerous, and these sacrifices are beyond any doubt. Chaudhry Ahmad Mukhtar said this in a meeting with Ambassador of Japan, Heroshioe who called on the minister, here on Saturday. The federal minister expresse
Published 22 May, 2011 12:00am
CJP constitutes two benches for next week

CJP constitutes two benches for next week

Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry has constituted two benches of the Supreme Court (SC) for the next week to start hearing plethora of cases from May 23 (Monday).
Published 22 May, 2011 12:00am
Journalists seek inquiry into killing of Nasrullah Afridi

Journalists seek inquiry into killing of Nasrullah Afridi

Journalists' community, Khyber Pakhtunkwa and FATA have demanded impartial and independent inquiry into the killing of tribal journalist, Nasrullah Khan Afridi and called for special compensation package for the heirs of the martyred.
Published 22 May, 2011 12:00am
Regulatory duty on paper challenged

Regulatory duty on paper challenged

Regulatory duty on paper and paper products has been challenged before the Supreme Court. A local paper importer company stated that the federal board of revenue had imposed 15 percent duty on the paper and its products which was effecting the import and
Published 22 May, 2011 12:00am
Clarification

Clarification

Apropos a news item regarding transfer of Trade Officers carried by Business Recorder on May 21, 2011, it is clarified that the appointment of Trade Officers had been made on the basis of duly approved and a widely-publicised policy based on merit.
Published 22 May, 2011 12:00am
Nine accused arrested: 90 wine bottles, heroin seized

Nine accused arrested: 90 wine bottles, heroin seized

Islamabad Police have arrested nine accused for their alleged involvement in drug trafficking and bootlegging and recovered 90 wine bottles and heroin from their possession, said a spokesman of Islamabad Police here on Saturday. Responding to a tip-off, S
Published 22 May, 2011 12:00am
Gilani approves promotion of officers

Gilani approves promotion of officers

Prime Minister Syed Yousuf Raza Gilani has approved the promotion of the following officers on the recommendation of the Central Selection Board (CSB): Secretariat Group: (BS-19 to BS-20) Muhammad Naeem, Jamil Anwer, Ghayoor Sultana, Ishrat Ahmad, Muhamma
Published 22 May, 2011 12:00am
Riaz Noor takes oath as Chairman PSC

Riaz Noor takes oath as Chairman PSC

Riaz Noor, former Chief Secretary Khyber Pakhtunkhwa took oath as Chairman Public Service Commission (PSC), at Governor House, Peshawar, here on Saturday. Khyber Pakhtunkhwa Governor, Barrister Masood Kausar administered the oath, while provincial ministe
Published 22 May, 2011 12:00am
Firdous calls for convening OIC ministerial conference

Firdous calls for convening OIC ministerial conference

Minister for Information and Broadcasting, Dr Firdous Ashiq Awan on Saturday called for convening the Ministerial Conference of the Organisation of Islamic Conference (OIC) in view of the current situation. Speaking during a meeting with Saudi Minister fo
Published 22 May, 2011 12:00am
CJP constitutes 32 benches

CJP constitutes 32 benches

Chief Justice of Lahore High Court, Ijaz Ahmad Chaudhry has constituted 10 division benches (DBs) and 22 single benches (SBs) for the disposal of cases pending at the principal seat for the week commencing from May 16. The DBs are headed by Chief Justice,
Published 22 May, 2011 12:00am
265,815 cusecs water released from rim stations

265,815 cusecs water released from rim stations

The Indus River System Authority (Irsa) on Saturday released 265,815 cusecs water from various rim stations against the inflow of 370,795 cusecs. According to the data released by Irsa here, the maximum water level in River Indus at Tarbela was 1425.25 fe
Published 22 May, 2011 12:00am
Aulakh takes actions against AARI's two directors, 11 other officials

Aulakh takes actions against AARI's two directors, 11 other officials

Punjab Agriculture Minister Malik Ahmad Ali Aulakh suspended eleven officials for being absent from duties and issued show cause notices to two directors of the Ayub Agriculture Research Institute (AARI) Faisalabad on showing negligence in performing thei
Published 22 May, 2011 12:00am
Government proposes to allocate Rs 37.675 billion for 116 schemes

Government proposes to allocate Rs 37.675 billion for 116 schemes

The government has proposed to allocate Rs 37.675 billion for 116 (34 new and 82 ongoing) schemes of the Ministry of Communication in Public Sector Development Programme (PSDP) for forthcoming fiscal year (2011-12). According to documents available with B
Published 22 May, 2011 12:00am
Punjab chief minister vows to continue reliance on local resources

Punjab chief minister vows to continue reliance on local resources

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that if love and affection with the country, and establishing supremacy of law and developing indigenous resources is a crime, they would keep committing that crime. He pointed out that Pakistan was
Published 22 May, 2011 12:00am
Prospects discussed: PBIT to hold mango exhibition, seminar in Italy

Prospects discussed: PBIT to hold mango exhibition, seminar in Italy

Punjab Board of Investment and Trade (PBIT) hosted a meeting with Italian Ambassador, Vincenzo Prati to deliberate on areas of mutual interest for boosting trade between the two countries. The Italian ambassador was accompanied by Head of Commercial & Eco
Published 22 May, 2011 12:00am
'Punjab government working on developmental strategy'

'Punjab government working on developmental strategy'

PML-N led Punjab government is implementing a developmental strategy aimed at ensuring inclusive growth, poverty alleviation and employment generation to address economic and social challenges. Senior Advisor to Chief Minister Punjab, Sirdar Zulfiqar Ali
Published 22 May, 2011 12:00am
PML-N to steer country out of crises: Mashood

PML-N to steer country out of crises: Mashood

Deputy Speaker Punjab Assembly, Rana Mashood, while meeting a nine-member young parliamentarians' delegation of US, here Saturday, said that Muhammad Nawaz Sharif, by giving reforms agenda, has proven that Pakistani nation and its system has the potential
Published 22 May, 2011 12:00am
Government, FPCCI organise S&T exhibition

Government, FPCCI organise S&T exhibition

The ministry of science and technology in collaboration with Federation of Pakistan Chamber of Commerce and Industry (FPCCI) organised one-day science and technology exhibition, here on Saturday. Irfan Nadeem, Secretary for Science and Technology and Raza
Published 22 May, 2011 12:00am
Punjab government criticised for inefficient wheat procurement

Punjab government criticised for inefficient wheat procurement

Former federal law minister, Babar Awan has said central government would procure wheat from Punjabi farmers, as Punjab government has failed to do the job efficiently. He was addressing a seminar hammering a dialogue titled Zulfiqar Ali Bhutto: Constitut
Published 22 May, 2011 12:00am
IMF sees fall in GDP of oil importing countries

IMF sees fall in GDP of oil importing countries

The International Monetary Fund (IMF) has forecast a reduction in Gross Domestic Product (GDP) growth rate of oil importing countries - from 4.7 percent in calendar year 2010 to 2.3 percent in 2011.
Published 22 May, 2011 12:00am
1,119 disciplinary cases disposed of in 15 months

1,119 disciplinary cases disposed of in 15 months

Punjab Chief Secretary Nasir Khosa has disposed of as many as 1,119 disciplinary cases, appeals and petitions filed by the government officials during the last 15 months. According to an official here on Saturday, no case of any nature is lying pending wi
Published 22 May, 2011 12:00am
APTMA for harmony among various segments of textile sector

APTMA for harmony among various segments of textile sector

Gohar Ejaz, Chairman, All Pakistan Textile Mills Association has stressed complete harmony between various segments of the Textile Sector to make meeting with President, Asif Ali Zardari, on Monday, 23rd May at Islamabad most productive and result-oriente
Published 22 May, 2011 12:00am
Restoration of judges: PML-N leader rebuts news reports

Restoration of judges: PML-N leader rebuts news reports

Senior Advisor to Chief Minister Punjab, Sirdar Zulfiqar Ali Khan Khosa has contradicted a news item published in a section of the press quoting Wikileaks that during the movement for restoration of judges, Chief Minister Punjab, Muhammad Shahbaz Sharif w
Published 22 May, 2011 12:00am
PIDE's advice

PIDE's advice

The Pakistan Institute of Development Economics (PIDE) is a premier economic research organisation of the country. As such, its advice on the state of the economy and its prognosis needs to be listened with a great deal of attention. At a pre-budget semin
Published 22 May, 2011 12:00am
The return of the IDPs

The return of the IDPs

In March, the Khyber-Pakhtunkhwa government started the process of rehabilitating the internally displaced persons (IDPs) of Bajaur and Mohmand Agencies of the Federally Administered Tribal Areas (Fata) living in Jalozai camp near Nowshera. More than 15,0
Published 22 May, 2011 12:00am
Structural imbalances in India's economic growth

Structural imbalances in India's economic growth

Despite being hit by a series of major commercial scandals in recent years, India remains on the high growth trajectory. As Banerjee has recently argued "functional" corruption flourishes in India - the sort of corruption that spurs investment growth and
Published 22 May, 2011 12:00am
Why FBR failed to raise tax-to-GDP ratio - II

Why FBR failed to raise tax-to-GDP ratio - II

If government is really serious in tackling the issues of revenue, it must give due importance to the FBR as the most important earning hand of the country as an institution, instead of accommodating the vested interest and blue-eyed non-professionals. Ri
Published 22 May, 2011 12:00am
IMF defends its sexual harassment policies

IMF defends its sexual harassment policies

The International Monetary Fund (IMF) on Friday dismissed suggestions that a culture of tolerance for sexual harassment had enabled such figures as its former managing director to exploit lower-ranking women. Dominique Strauss-Kahn resigned as managing di
Published 22 May, 2011 12:00am
Establishing tourism university

Establishing tourism university

In a recent meeting held under the chairmanship of Sindh Minister for Tourism, Law and Parliamentary Affairs Ayaz Soomro, it has been decided to establish a tourism university in Karachi.
Published 22 May, 2011 12:00am
Commodities stable after volatile fortnight

Commodities stable after volatile fortnight

Most commodity markets stabilised last week after a fortnight of choppy trade, but crude oil sank further after the IEA warned that high price levels could endanger global economic growth. "After tumultuous price moves through the first two weeks of May,
Published 22 May, 2011 12:00am
North Dakota wheat, corn acres losing to soya, sunflower

North Dakota wheat, corn acres losing to soya, sunflower

Farmers in the top wheat state of North Dakota will not get all their intended wheat, corn and canola acres seeded this spring due to heavy rains and flooding, an executive of a US wheat group said on Friday. "No question the increased intentions on wheat
Published 22 May, 2011 12:00am
Vietnam crushed a bumper sugar crop, imports to slow

Vietnam crushed a bumper sugar crop, imports to slow

Vietnam's sugar output in the 2010/2011 crushing season jumped by a quarter from last year to 1.13 million tonnes, prompting market regulators to slow imports of the commodity in coming months, a state-run newspaper reported on Saturday. Vietnam, a tiny s
Published 22 May, 2011 12:00am
Thai raw sugar trades at highest premiums in two weeks

Thai raw sugar trades at highest premiums in two weeks

Thai raw sugar for nearby delivery changed hands at its highest premiums in two weeks as consumers scrambled to buy the sweetener following backlogs in Brazilian ports, dealers said on Wednesday. Thai raws were traded at 180 points over New York's July co
Published 22 May, 2011 12:00am
Philippines sugar output to outpace demand

Philippines sugar output to outpace demand

Philippine sugar output in the crop year 2010/11 is likely to outpace demand as production has so far exceeded a government forecast, with the country fast tracking shipments of the sweetener to the United States to meet a higher quota, the head of the in
Published 22 May, 2011 12:00am
Asian grains: Malaysia, Indonesia buy US new-crop spring wheat

Asian grains: Malaysia, Indonesia buy US new-crop spring wheat

Flour mills in Malaysia bought some 80,000 tonnes of US new-crop spring wheat while Indonesia took around 20,000 tonnes, taking advantage of a drop in global prices at the end of last week. The deals were signed between $440 and $470 a tonne, including co
Published 22 May, 2011 12:00am
US soya, corn up

US soya, corn up

US corn futures rallied on Friday, shrugging off early profit-taking pressure to add to a string of gains tied to continued delays in planting. Soyabean futures ended fractionally higher after a two-sided session, dogged by profit-taking ahead of the week
Published 22 May, 2011 12:00am
US gold jumps 1.5 percent

US gold jumps 1.5 percent

Gold rose 1.5 percent on Friday, its biggest daily gain in two weeks, on safe-haven buying as investors fretted about eurozone debt after Fitch cut Greece's credit ratings. Bullion fell early in the session before turning higher after Fitch downgraded Gre
Published 22 May, 2011 12:00am
Copper rallies

Copper rallies

Copper closed the trading week on a stronger footing on Friday, touching its highest in more than two weeks as evidence of strengthening Chinese demand gave values a firm boost. The bullish momentum, led by another large withdrawal in Shanghai inventories
Published 22 May, 2011 12:00am
India's ruling Congress popularity falls

India's ruling Congress popularity falls

Voter support for India's embattled ruling Congress party, which marked the second anniversary of its re-election at the weekend, has fallen "significantly", according to a new poll. The decline in popularity comes as the Congress-led coalition reels from
Published 22 May, 2011 12:00am
Turkey warns Israel over new Gaza flotilla

Turkey warns Israel over new Gaza flotilla

Turkey on Saturday warned Israel against another act of bloodshed in international waters after activists announced plans to send a new aid flotilla to the blockaded Gaza Strip. "It should be known that Turkey will give the necessary response to any repea
Published 22 May, 2011 12:00am
Iranian dissident wins Cannes directing prize

Iranian dissident wins Cannes directing prize

Iranian dissident Mohammad Rasoulof won the Cannes prize for best director in the Un Certain Regard section Saturday but could not attend because of "Kafkaesque" authorities at home. Rasoulof's wife received the prize for "Be Omid e Didar" (Goodbye) on hi
Published 22 May, 2011 12:00am
Ouattara inaugurated as Ivory Coast president

Ouattara inaugurated as Ivory Coast president

Alas-sane Ouattara was inaugurated as president of Ivory Coast on Saturday, in a ceremony most Ivorians hope will put a decade of conflict and instability behind them and mend a once prosperous economy. French President Nicolas Sarkozy, whose troops helpe
Published 22 May, 2011 12:00am
Astronauts offer pope unique view of Earth's woes

Astronauts offer pope unique view of Earth's woes

The shuttle Endeavour and space station crews gathered on Saturday for an unprecedented conversation with Pope Benedict, who asked how the space program can promote peace and if the astronauts pray while in orbit. "I think it must be obvious to you how we
Published 22 May, 2011 12:00am
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