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Archive - 2011-05-23
Rehman Malik calls on CM Sindh
Top News

Rehman Malik calls on CM Sindh

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Published 23 May, 2011 04:40pm
Gold eases at Rs42,214
Markets

Gold eases at Rs42,214

KARACHI : Gold slipped by Rs 300 to Rs 42,214 per 10 grams in local bullion market Monday, as its international price
Published 23 May, 2011 03:24pm
EU imposes new sanctions on Iran
Top News

EU imposes new sanctions on Iran

DUBLIN: The United States on Monday welcomed Europe's move in expanding its sanctions on Iran, saying the world would co
Published 23 May, 2011 02:08pm
US drone strike kills four: officials
Top News

US drone strike kills four: officials

MIRANSHAH: A US drone strike destroyed a vehicle in North Waziristan on Monday, killing four militants, officials said.
Published 23 May, 2011 12:16pm
Transparency - the missing link
BR Research

Transparency - the missing link

Facing renewed pressure to improve the countrys tax-to-GDP ratio under the IMFs ever-watchful eye, Pakistans taxmen have launched a flurry o
Published 23 May, 2011 12:00am
Kahn-less IMF
BR Research

Kahn-less IMF

Even though the world has witnessed felonies of the famous quite a bit, the misdemeanour of a celebrity or leader of a celebrated organisati
Published 23 May, 2011 12:00am
Aptma proposes investment-friendly budgetary measures

Aptma proposes investment-friendly budgetary measures

The All Pakistan Textile Mills Association (Aptma) has proposed investment, growth and employment-friendly budgetary measures to the government as way forward for the textile industry to achieve economic growth and prosperity.
Published 23 May, 2011 12:00am
'Industrial cities must be exempted from loadshedding'

'Industrial cities must be exempted from loadshedding'

Sialkot is an important economic centre and the only export-oriented city in Pakistan where 99 percent items are produced and exported to various parts of the globe. Thousands of small and medium enterprises situated in and around the city are engaged in
Published 23 May, 2011 12:00am
Police raid on TMJ leader's house denounced

Police raid on TMJ leader's house denounced

In occupied Kashmir, the Chairman of Tehreek-e-Muzahamat Jammu and Kashmir, Bilal Sidiqui has strongly condemned the raid by Indian police on the residence of the party General Secretary, Muhammad Saleem Zargar by the police, terming it as the worst examp
Published 23 May, 2011 12:00am
JUI calls for stopping supplies to Nato forces

JUI calls for stopping supplies to Nato forces

Jamiat Ulema-e-Islam (JUI-F) has urged the government to immediately stop the supplies to Nato forces and review Pakistan's relations with USA. "Pakistan considered USA as its friend since last 63 years but the USA treated Pakistan like a slave," central
Published 23 May, 2011 12:00am
Baloch urges people to stand against NRO beneficiaries

Baloch urges people to stand against NRO beneficiaries

The Jamaat e Islami Secretary General, Liaquat Baloch, has said that the masses would have to raise against the NRO beneficiary, corrupt and coward rulers who could not frame independent national policies.
Published 23 May, 2011 12:00am
Call for organising training programmes for nurses

Call for organising training programmes for nurses

Nurses play vital role in the recovery process of the patients, therefore, special training programme for nurses about various diseases can enhance their professional capability to a great extent enabling them serve the ailing humanity in more effective m
Published 23 May, 2011 12:00am
Shujaat vows to support Kashmiris

Shujaat vows to support Kashmiris

Pakistan Muslim League (PML-Q), Chief Chaudhry Shujaat has vowed to support Kashmiri people at every stage. This he said while talking to Azad Jammu & Kashmir Prime Minister, Sardar Atiq Ahmed Khan. On this occasion, Chaudhry Shujaat said that the reason
Published 23 May, 2011 12:00am
PILAC board of governors constituted

PILAC board of governors constituted

Punjab government has constituted board of governors of Punjab Institute of Language, Art & Culture, for a period of three years. Chief Minister Punjab will be the chairman of the board.
Published 23 May, 2011 12:00am
PU librarian wins Unesco World Book award

PU librarian wins Unesco World Book award

A librarian of the Punjab University Central Library, Abdul Rauf clinched second position in "Unesco World Book and Copyright Day 2011" competition.
Published 23 May, 2011 12:00am
SPSC Hyderabad announces result

SPSC Hyderabad announces result

The Sindh Public Service Commission Hyderabad has announced the result of successful candidates, who were interviewed in the month of May, 2011 for different academic posts BPS-18 & 19 in Health Department for P.M.C. for Girls, Shaheed Benazirabad and Sta
Published 23 May, 2011 12:00am
Hot spell to continue

Hot spell to continue

The Met Office has forecast hot and dry weather with maximum temperature of 37 to 39 degrees centigrade in Karachi on Monday. Mainly hot/very hot and dry weather is likely to prevail over the region. The highest maximum temperature of 49.5 degrees centigr
Published 23 May, 2011 12:00am
BQATI delegation meets Sindh Governor

BQATI delegation meets Sindh Governor

A high Level delegation led by Mian Muhammad Ahmed, Patron-In-Chief/Founder President, Bin Qasim Association of Trade and Industry, Usman Ahmed, Founder Vice President, Shakil Ansari, Member Managing Committee and others members of Managing Committee of B
Published 23 May, 2011 12:00am
Five killed, dozens injured in IHK road accident

Five killed, dozens injured in IHK road accident

Five persons were killed and 24 others were injured in different road mishaps in Indian Occupied Kashmir. Two persons identified as Muhammad Ashraf and Muhammad Rafiq were killed and nine others injured when a truck skidded off the road and rolled down in
Published 23 May, 2011 12:00am
No record of Chechen nationals' entry into Pakistan

No record of Chechen nationals' entry into Pakistan

There is no record of Chechen nationals' entry into Pakistan who were killed in Kharotabad incident. They were brought by human smugglers to Kuchlak, a local TV channel reported. According to informed sources, arrival of Chechen nationals to Pakistan is n
Published 23 May, 2011 12:00am
Water supply to several areas of Karachi suspended

Water supply to several areas of Karachi suspended

The supply of electricity to Dhabeji Water Pumping Station was suspended due to some cable fault, here on Sunday. As a result of this, a number of water pumps stopped operation, suspending supply of water to several areas of the city. Affected areas inclu
Published 23 May, 2011 12:00am
Fears of more flight chaos as Iceland sees new eruption

Fears of more flight chaos as Iceland sees new eruption

Safety experts warned Sunday that ash from an erupting Icelandic volcano that closed the country's airspace may blow across large swathes of western Europe, raising fears of new flight chaos.
Published 23 May, 2011 12:00am
WikiLeaks' Assange life story at theatre in Australia

WikiLeaks' Assange life story at theatre in Australia

WikiLeaks founder Julian Assange will have his life story immortalised in a stage play in his home country of Australia, a report said Sunday. Rehearsals are due to start this week for "Stainless Steel Rat" by award-winning Melbourne playwright Ron Elisha
Published 23 May, 2011 12:00am
Singapore to cut huge salaries of president and cabinet

Singapore to cut huge salaries of president and cabinet

Prime Minister Lee Hsien Loong on Sunday ordered a review of the multimillion-dollar salaries of Singapore's president and cabinet as part of measures to quell public anger after a landmark poll. He said President S.R. Nathan's salary of Sg$4.27 ($3.45 mi
Published 23 May, 2011 12:00am
19 Iraqis, two US troops dead in Baghdad bombs

19 Iraqis, two US troops dead in Baghdad bombs

More than a dozen bomb attacks in and around Baghdad on Sunday left at least 19 Iraqis and two American soldiers dead and more than 80 other people wounded.
Published 23 May, 2011 12:00am
Dozens wounded as Moroccan police beat protestors

Dozens wounded as Moroccan police beat protestors

Moroccan police beat dozens of protesters who defied a ban on demonstrations on Sunday, leading to several injuries and arrests, witnesses said. The police violence appears to signal a tougher government line against the protest movement, which has become
Published 23 May, 2011 12:00am
Iran's military gets new missile system

Iran's military gets new missile system

Iran's military received a new ballistic missile system on Sunday, which it said demonstrated the country's self-sufficiency in mass producing weaponry. "The new surface-to-surface missiles, Qiyam (Resurrection) 1, were successfully tested and delivered t
Published 23 May, 2011 12:00am
Syrian protesters demand Assad overthrow

Syrian protesters demand Assad overthrow

Thousands of Syrians attending the funerals of pro-democracy protesters called on Sunday for the removal of President Bashar al-Assad, witnesses said, in the latest outburst against his rule.
Published 23 May, 2011 12:00am
Syrian protesters demand Assad overthrow

Syrian protesters demand Assad overthrow

Thousands of Syrians attending the funerals of pro-democracy protesters called on Sunday for the removal of President Bashar al-Assad, witnesses said, in the latest outburst against his rule.
Published 23 May, 2011 12:00am
Bahrain upholds two death sentences in police killings

Bahrain upholds two death sentences in police killings

A Bahrain emergency appeals court upheld death sentences on Sunday for two men found guilty of killing police officers during recent unrest, punishments human rights activists said were designed to prevent more protests.
Published 23 May, 2011 12:00am
Egyptian policeman gets death for protest murders

Egyptian policeman gets death for protest murders

An Egyptian court condemned a policeman to death on Sunday for killing 20 protesters, in the first such sentencing of a security forces member for the murder of demonstrators during a January-February revolt.
Published 23 May, 2011 12:00am
Saleh refuses to sign Yemen deal despite pressure

Saleh refuses to sign Yemen deal despite pressure

Yemeni President Ali Abdullah Saleh refused to sign a transition of power deal on Sunday, saying it would push the country towards civil war. Saleh has said al Qaeda militants could fill a political and security vacuum if he is forced out and, in a televi
Published 23 May, 2011 12:00am
Jordan officer killed in Afghan bombing: army

Jordan officer killed in Afghan bombing: army

A Jordanian officer was killed and four soldiers were wounded in a roadside bombing in the Logar region of Afghanistan on Sunday, the army said. An army spokesman said a Jordanian army humanitarian convoy was hit, naming the dead officer as Majed Omar Abu
Published 23 May, 2011 12:00am
North Sudan seizes disputed Abyei, thousands flee

North Sudan seizes disputed Abyei, thousands flee

Sudan's northern army seized control of the disputed, oil-producing Abyei region, officials said on Sunday, forcing thousands to flee and bringing the country's north and south to the brink of full conflict. Khartoum sent tanks into Abyei town, the area's
Published 23 May, 2011 12:00am
British growth update awaits London investors

British growth update awaits London investors

London investors will next week switch their attention to British economic growth data and annual earnings from clothing-to-food retailer Marks and Spencer. London's FTSE 100 index added just 0.38 percent over the past week to finish at 5,948.49 points on
Published 23 May, 2011 12:00am
Polish KOV sees London AIM listing

Polish KOV sees London AIM listing

Polish firm Kulczyk Oil will list on London's AIM early in the autumn and hopes its value will rise nearly sixfold to 1 billion euros ($1.43 billion) as investors price in its growing oil output, a KOV executive told Reuters.
Published 23 May, 2011 12:00am
Polish KOV sees London AIM listing

Polish KOV sees London AIM listing

Polish firm Kulczyk Oil will list on London's AIM early in the autumn and hopes its value will rise nearly sixfold to 1 billion euros ($1.43 billion) as investors price in its growing oil output, a KOV executive told Reuters.
Published 23 May, 2011 12:00am
Middle east markets: Egypt at one-month high; Gulf stocks down

Middle east markets: Egypt at one-month high; Gulf stocks down

Egypt's bourse hit a near one-month high on Sunday, buoyed by optimism after foreign aid pledges, while most Gulf markets fell on low buyer interest. Egypt's main index rose 3 percent to its highest close since April 7.
Published 23 May, 2011 12:00am
Latvia eyes Eurobond yield below seven percent

Latvia eyes Eurobond yield below seven percent

Latvia, due to start repaying a 7.5 billion euro ($10.6 billion) bailout next year, is set to return to global debt markets and will look for a dollar Eurobond yield below 7 percent.
Published 23 May, 2011 12:00am
Latvia eyes Eurobond yield below seven percent

Latvia eyes Eurobond yield below seven percent

Latvia, due to start repaying a 7.5 billion euro ($10.6 billion) bailout next year, is set to return to global debt markets and will look for a dollar Eurobond yield below 7 percent.
Published 23 May, 2011 12:00am
Australian ETF targets hunger for currency-hedged gold

Australian ETF targets hunger for currency-hedged gold

With the launch of Australia's first currency-hedged gold exchange traded fund (ETF), former Merrill Lynch ETF manager Drew Corbett is hoping to give Australians another reason to buy gold.
Published 23 May, 2011 12:00am
Australian ETF targets hunger for currency-hedged gold

Australian ETF targets hunger for currency-hedged gold

With the launch of Australia's first currency-hedged gold exchange traded fund (ETF), former Merrill Lynch ETF manager Drew Corbett is hoping to give Australians another reason to buy gold.
Published 23 May, 2011 12:00am
End of Fed's QE2 to hurt stocks, bonds

End of Fed's QE2 to hurt stocks, bonds

Investors betting on a rise in stocks, bonds and commodities should prepare for a loud sucking sound in their portfolios next month when the Federal Reserve pulls the plug on its $600 billion stimulus program.
Published 23 May, 2011 12:00am
End of Fed's QE2 to hurt stocks, bonds

End of Fed's QE2 to hurt stocks, bonds

Investors betting on a rise in stocks, bonds and commodities should prepare for a loud sucking sound in their portfolios next month when the Federal Reserve pulls the plug on its $600 billion stimulus program.
Published 23 May, 2011 12:00am
Japan shares likely rangebound next week

Japan shares likely rangebound next week

Tokyo stocks are seen staying rangebound next week as the impact of an ongoing nuclear crisis and expectations for economic recovery later this year continue to conflict. "There is little incentive to chase the market higher for now," said Hiroichi Nishi,
Published 23 May, 2011 12:00am
Egypt regulator rejects Citadel Capital plan

Egypt regulator rejects Citadel Capital plan

Egypt's financial regulator has rejected a request by Citadel Capital to raise its capital, citing reasons that included the failure of the private equity firm to explain the move adequately, according to a letter obtained by Reuters.
Published 23 May, 2011 12:00am
Egypt regulator rejects Citadel Capital plan

Egypt regulator rejects Citadel Capital plan

Egypt's financial regulator has rejected a request by Citadel Capital to raise its capital, citing reasons that included the failure of the private equity firm to explain the move adequately, according to a letter obtained by Reuters.
Published 23 May, 2011 12:00am
Iceland eyes international bond sale this year

Iceland eyes international bond sale this year

Iceland's finance minister said on Thursday the country's economic prospects had brightened and the island nation was in a good position to consider its first international sale of bonds since the recent financial collapse.
Published 23 May, 2011 12:00am
Iceland eyes international bond sale this year

Iceland eyes international bond sale this year

Iceland's finance minister said on Thursday the country's economic prospects had brightened and the island nation was in a good position to consider its first international sale of bonds since the recent financial collapse.
Published 23 May, 2011 12:00am
ECB officials reject Greek debt restructuring

ECB officials reject Greek debt restructuring

Two senior members of the European Central Bank (ECB) said on Sunday in the Greek press that Greece can avoid restructuring its debt if the country sticks to the 110-billion-euro EU-IMF bailout plan to the letter.
Published 23 May, 2011 12:00am
Swiss-German tax deal due in 'days or weeks'

Swiss-German tax deal due in 'days or weeks'

A deal between Germany and Switzerland to regularise untaxed money held by Germans in secret accounts will be clinched soon, a paper reported on Sunday, citing an insider with knowledge of the negotiations. The agreement was expected in "comings days or w
Published 23 May, 2011 12:00am
Orascom says little progress yet on Djezzy row

Orascom says little progress yet on Djezzy row

Orascom Telecom has made scant progress resolving its row with Algeria but a solution may be more likely now, its chairman said, speaking after changes at the Egyptian mobile company and inside Egypt. Djezzy, Orascom's Algerian unit and its single biggest
Published 23 May, 2011 12:00am
India woos Africa to boost trade

India woos Africa to boost trade

India is setting up a diamond processing facility in Botswana. In Uganda, it's building a center to train businesses about global markets. In four of Africa's poorest countries, Indians are helping cotton farmers improve their yields.
Published 23 May, 2011 12:00am
Egypt forms committee to settle investment deals

Egypt forms committee to settle investment deals

Egypt is to set up a committee to settle problems surrounding investment contracts, the cabinet said on Sunday. Prime Minister Essam Sharaf ordered the move after a string of legal challenges to sales of state land to real estate developers that have shak
Published 23 May, 2011 12:00am
Uganda keen to lease farmland to Bangladesh

Uganda keen to lease farmland to Bangladesh

Uganda is ready to lease 60,000 hectares of farmland to Bangladeshi firms looking to grow food in Africa as part of government efforts to ensure food security for its growing population, a Bangladeshi official said.
Published 23 May, 2011 12:00am
Middle East consumers upbeat, Europeans struggle

Middle East consumers upbeat, Europeans struggle

Consumer confidence surged in the Middle East and North Africa in the first quarter in the wake of social uprisings, but deteriorated in the eurozone periphery as Portugal's financial woes came to a head, a survey showed on Sunday.
Published 23 May, 2011 12:00am
Iraq signs deal with Iran to import gas for power

Iraq signs deal with Iran to import gas for power

Iraq's electricity ministry said on Sunday it has signed an initial agreement with Iran to import natural gas for power generation. Under the memorandum of understanding between the two neighbours, Iran will install a pipeline through Iraq and supply it w
Published 23 May, 2011 12:00am
Dubai to cut spending until 2013

Dubai to cut spending until 2013

Dubai, bracing for heavy debt redemptions, plans to cut state spending by 20 to 25 percent until 2013 to narrow its funding gap, a member of the emirate's Supreme Fiscal Committee was quoted as telling a newspaper.
Published 23 May, 2011 12:00am
China, South Korea vow help in Japan recovery

China, South Korea vow help in Japan recovery

Japan won pledges of help on Sunday from China and South Korea in its efforts to recover from an earthquake, tsunami and nuclear crisis that rocked the nation in March, with Beijing promising to start easing curbs on Japanese food imports.
Published 23 May, 2011 12:00am
Lagarde has many countries' backing for IMF: France

Lagarde has many countries' backing for IMF: France

French Finance Minister Christine Lagarde's candidacy to head of the International Monetary Fund gained momentum on Sunday with a close ally of President Nicolas Sarkozy saying she already had several countries' backing.
Published 23 May, 2011 12:00am
Swiss may not support European for IMF post

Swiss may not support European for IMF post

Switzerland will support the best candidate for the top job at the International Monetary Fund and will not necessarily back a European, the Alpine state's top official at the global lender told a paper on Sunday.
Published 23 May, 2011 12:00am
Hyundai, Kia production disrupted due to strike

Hyundai, Kia production disrupted due to strike

South Korea's Hyundai Motor and its affiliate Kia Motors said on Sunday that they suffered from a production disruption of some of its SUV models after a labour strike at one of its suppliers led to a parts shortage.
Published 23 May, 2011 12:00am
India fines Coca-Cola $110

India fines Coca-Cola $110

An Indian consumer complaints court has fined Coca-Cola $110 after a businessman said he felt humiliated when he served clients a fizzy soft drink and found a dead fly inside the bottle. Mohan Lal, a Delhi entrepreneur, took legal action over the incident
Published 23 May, 2011 12:00am
Al Baraka eyes $300 million sukuk, further expansion

Al Baraka eyes $300 million sukuk, further expansion

Bahrain's Al Baraka Bank expects to sell $300 million worth of Islamic bonds by September as it looks to secure long-term financing to fund its expansion plans, its chief executive said on May 18.
Published 23 May, 2011 12:00am
Al Baraka eyes $300 million sukuk, further expansion

Al Baraka eyes $300 million sukuk, further expansion

Bahrain's Al Baraka Bank expects to sell $300 million worth of Islamic bonds by September as it looks to secure long-term financing to fund its expansion plans, its chief executive said on May 18.
Published 23 May, 2011 12:00am
Nippon Steel plans eight percent output cut in April-June

Nippon Steel plans eight percent output cut in April-June

Nippon Steel Corp will cut output in the April-June quarter by 8 percent from the previous three months in response to a slump in domestic demand after the March 11 quake, but is ready to boost levels once a recovery in manufacturing production is confirm
Published 23 May, 2011 12:00am
West African bourse chief sees OTC bonds by year-end

West African bourse chief sees OTC bonds by year-end

West Africa's regional BRVM stock exchange is looking to introduce over-the-counter (OTC) trading of bonds by the end of the year as part of efforts to boost liquidity, its managing director said on May 17.
Published 23 May, 2011 12:00am
West African bourse chief sees OTC bonds by year-end

West African bourse chief sees OTC bonds by year-end

West Africa's regional BRVM stock exchange is looking to introduce over-the-counter (OTC) trading of bonds by the end of the year as part of efforts to boost liquidity, its managing director said on May 17.
Published 23 May, 2011 12:00am
ArcelorMittal to expand Quebec iron ore mining

ArcelorMittal to expand Quebec iron ore mining

Top global steelmaker ArcelorMittal announced on May 20 a CAN$2.1 billion ($2.2 billion, 725 million euro) investment to expand iron ore production in the Canadian province of Quebec that will create 8,000 jobs. "The investment will allow ArcelorMittal Mi
Published 23 May, 2011 12:00am
Vodafone annual profits drop

Vodafone annual profits drop

British mobile phone giant Vodafone said on May 17 that annual net profits sank almost eight percent on a huge impairment charge for its operations in debt-ravaged nations across southern Europe. Earnings after tax fell to £7.97 billion (9.16 billion euro
Published 23 May, 2011 12:00am
IBM briefly tops Microsoft in market value

IBM briefly tops Microsoft in market value

IBM briefly topped Microsoft in market value on Wall Street on May 20 to become the second-largest technology company after Apple. But IBM shares lost 0.25 percent to close at $170.16, giving the New York-based company known as "Big Blue" a market capital
Published 23 May, 2011 12:00am
Saudi Capitas Group to launch mortgage firm in 2012

Saudi Capitas Group to launch mortgage firm in 2012

Saudi Arabia's Capitas Group International plans to launch a mortgage finance company in 2012, its chief executive said on May 18, as a likely mortgage law in the kingdom is seen to boost sector confidence.
Published 23 May, 2011 12:00am
New De Beers chief executive heralds new ideas

New De Beers chief executive heralds new ideas

The appointment of an unexpected outsider to the top job at De Beers, the world's largest diamond producer, will bring a "fresh pair of eyes" but does not herald a re-listing for the group, Chairman Nicky Oppenheimer said.
Published 23 May, 2011 12:00am
Zain, Batelco at odds over Saudi unit

Zain, Batelco at odds over Saudi unit

Bahrain Telecommunications' joint $950 million bid for a stake in telco Zain Saudi has hit a snag over management rights, a source familiar with the matter said on Sunday. Kuwaiti group Zain agreed to sell the 25 percent stake to Batelco and Saudi billion
Published 23 May, 2011 12:00am
YouTube channel honours fallen journalists

YouTube channel honours fallen journalists

Google on May 16 launched a YouTube channel honouring fallen journalists and enhanced its online news pages. Google teamed with the Newseum based in Washington, DC on a Journalists Memorial channel dedicated to the works and lives of those around the worl
Published 23 May, 2011 12:00am
Netflix video 'king' of US Internet traffic

Netflix video 'king' of US Internet traffic

Films and television shows streamed online by Netflix amount to nearly 30 percent of the content racing downstream on the US Internet during peak periods, according to a study released on May 17. "Netflix is now the undisputed bandwidth king of the Intern
Published 23 May, 2011 12:00am
Could Internet mean end of snow days?

Could Internet mean end of snow days?

Could the Internet mean the end of snow days? Some schools think so, and they are experimenting with ways for students to do lessons online during bad weather, potentially allowing classes to go on during even the worst blizzard.
Published 23 May, 2011 12:00am
How many teens have Internet addiction?

How many teens have Internet addiction?

One in every 25 teens reported an "irresistible urge" to be on the Internet, tension when they weren't online, or said they had tried to quit or cut down on Internet time, according to a US study on May 20.
Published 23 May, 2011 12:00am
White House unveils global cyberspace strategy

White House unveils global cyberspace strategy

The White House unveiled a set of policy proposals May 16 for international co-operation in ensuring an open and secure Internet. "Together, we can work together to build a future for cyberspace that is open, interoperable, secure, and reliable," US Presi
Published 23 May, 2011 12:00am
Google stops digitising old newspapers

Google stops digitising old newspapers

Google on May 20 had stopped digitising old newspapers as publishers sought to make money off story archives instead of having them hosted free online. People will still be able to find newspapers already converted to digital format in the Google News Arc
Published 23 May, 2011 12:00am
Google Advisor helps manage money

Google Advisor helps manage money

Google on May 20 began providing US Internet users with tools for making financial decisions. Google Advisor online at advisor.google.com lets people quickly find and compare rates, returns or other vital factors concerning credit cards, mortgages, saving
Published 23 May, 2011 12:00am
93 percent of Taiwan students suffer cell phone anxiety

93 percent of Taiwan students suffer cell phone anxiety

More than 90 percent of Taiwan students worry or panic when they cannot use their cell phones, according to a survey released on Wednesday. The King Car Education Foundation polled 2,141 students from fifth-graders to university students in April to find
Published 23 May, 2011 12:00am
'One-in-14 software downloads malicious'

'One-in-14 software downloads malicious'

Microsoft on May 18 warned that hackers use mind tricks more often than software skills to get viruses into computers. Feedback from globally popular Internet Explorer (IE) Web browser indicated that one of every 14 programmes downloaded turned out to be
Published 23 May, 2011 12:00am
Homes, cars and phones slowly linking up

Homes, cars and phones slowly linking up

Chat by video on multiple screens as you stroll around your house. Start a game on your living room TV and finish it on your car entertainment system. Automobiles, phones, TVs and home appliances that talk to each other is a future technology companies ha
Published 23 May, 2011 12:00am
Facebook, Apple pressed on kids' mobile privacy

Facebook, Apple pressed on kids' mobile privacy

A high-tech Wild West where location data, including some gleaned from teenagers' mobile devices, is scooped up and sold without consumers' consent needs to end, lawmakers told a panel of tech companies on May 19.
Published 23 May, 2011 12:00am
Geelani pays tributes to martyrs, flays curfew, detentions

Geelani pays tributes to martyrs, flays curfew, detentions

In occupied Kashmir, veteran Kashmiri Hurriyet leader, Syed Ali Geelani has strongly denounced the imposition of curfew and restrictions in Srinagar city and house arrest of the APHC Chairman, Mirwaiz Umar Farooq and other leaders by the authorities to th
Published 23 May, 2011 12:00am
SU to set up Archives Corner

SU to set up Archives Corner

The Institute of Sindhology of the University of Sindh is planning to establish 'Sindh University Archives Corner' to preserve the record and documents pertaining to the varsity since its establishment to date.
Published 23 May, 2011 12:00am
Sit-in staged against water supply suspension

Sit-in staged against water supply suspension

Activists of Awami Tehreek and its women wing Sindiani Tehreek staged demonstration and sit-in on Sunday at Kotri Bridge, which links twin cities of Kotri and Hyderabad, to lodge protest against non-supply of drinking water to the citizens.
Published 23 May, 2011 12:00am
Manchester United win English Premier League

Manchester United win English Premier League

Blackpool and Birmingham City were relegated and Manchester City took third place on a dramatic final day of the Premier League season on Sunday.
Published 23 May, 2011 12:00am
Scottish paper identifies 'gag order' footballer

Scottish paper identifies 'gag order' footballer

A Scottish newspaper identified on Sunday the British footballer who is reportedly using the courts to keep details of an alleged affair secret and who has already been named on Twitter. The Sunday Herald published a front page photograph of the player, a
Published 23 May, 2011 12:00am
FIFA blocks bribe document: BBC

FIFA blocks bribe document: BBC

Football's world governing body FIFA is attempting to block the release of a document that reveals the identity of two officials forced to repay bribes, the BBC reported Sunday. The officials repaid the money in a settlement following a Swiss criminal inv
Published 23 May, 2011 12:00am
Indonesian elections: FIFA to rule on May 31st

Indonesian elections: FIFA to rule on May 31st

FIFA will decide on any necessary action against the strife-torn Indonesian football association (PSSI) during their congress on May 31 after chaotic scenes brought a halt to the PSSI leadership elections.
Published 23 May, 2011 12:00am
Players queuing up to join Maradona's Al Wasl

Players queuing up to join Maradona's Al Wasl

The Diego Maradona effect is already creating a buzz at Dubai-based Al Wasl, with players queuing up to join since the Argentine's appointment, according to the club's chief executive. "We are all over the world right now," Al Wasl Football Company chief
Published 23 May, 2011 12:00am
Super Kings hit by Gayle

Super Kings hit by Gayle

Chris Gayle smashed an unbeaten 75 as Royal Challengers Bangalore topped the points table with an eight-wicket win over Chennai Super Kings in the Indian Premier League on Sunday. The West Indies opener hit six sixes in his 50-ball knock as Bangalore surp
Published 23 May, 2011 12:00am
Morgan in England squad for Sri Lanka opener

Morgan in England squad for Sri Lanka opener

Eoin Morgan won the race for the vacancy in England's middle-order when he was named in a 12-man squad on Sunday for the first Test against Sri Lanka, seeing off the challenge of Ravi Bopara. Former Ireland left-hander Morgan filled the place created by t
Published 23 May, 2011 12:00am
Hafeez, Taufeeq build on lead

Hafeez, Taufeeq build on lead

Mohammad Hafeez and Taufeeq Umar cut loose after surviving early scares, taking Pakistan to 55 without loss in their second innings for an overall lead of 104 at lunch in the second Test against West Indies on Sunday.
Published 23 May, 2011 12:00am
Stosur, Jankovic sweep into French Open round two

Stosur, Jankovic sweep into French Open round two

Last year's beaten finalist Samantha Stosur and former world number one Jelena Jankovic led the way into the French Open second round on Sunday's low-key opening day.
Published 23 May, 2011 12:00am
Scientists find genetic link to depression

Scientists find genetic link to depression

Scientists say they have discovered the first solid evidence that variations in some peoples' genes may cause depression - one of the world's most common and costly mental illnesses.
Published 23 May, 2011 12:00am
Early drug therapy can reduce HIV transmission: study

Early drug therapy can reduce HIV transmission: study

People with Human Immunodeficiency Virus (HIV) who take antiretroviral drugs before their health declines have a 96 percent lower risk of transmitting the virus to a partner, a breakthrough global study said.
Published 23 May, 2011 12:00am
Coffee cuts risk of lethal prostate cancer

Coffee cuts risk of lethal prostate cancer

More is better when it comes to drinking coffee to ward off the risk of deadly prostate cancer, according to a major US study released on May 17, by researchers at the Harvard School of Public Health.
Published 23 May, 2011 12:00am
US predicts up to 10 Atlantic hurricanes

US predicts up to 10 Atlantic hurricanes

The Atlantic will experience a rougher than normal hurricane season this year with up to 10 hurricanes, the US weather service forecast on May 19. "The United States was fortunate last year. Winds steered most of the season's tropical storms and all hurri
Published 23 May, 2011 12:00am
Tai chi improves mental health in elderly

Tai chi improves mental health in elderly

A review of medical studies gave the thumbs-up to Tai chi as a way of preventing falls and improving mental health in the elderly, but does not confirm other claims made for the Chinese martial art. British and South Korean researchers looked at 35 assess
Published 23 May, 2011 12:00am
Spine implant opens new avenues for tackling paralysis

Spine implant opens new avenues for tackling paralysis

Research published on May 20, showing how a paraplegic man could stand up and regain some movement in his legs through a spinal implant opens up exciting paths for tackling paralysis, doctors said. In a study published by The Lancet, US surgeons implanted
Published 23 May, 2011 12:00am
Video gaming teens sleep less

Video gaming teens sleep less

Teens who play a lot of video games are likely to sleep less than the eight to nine hours a night recommended for the age group, researchers said.
Published 23 May, 2011 12:00am
Sarkozy's popularity edges up after DSK charges

Sarkozy's popularity edges up after DSK charges

French President Nicolas Sarkozy's popularity rating has edged up 1 percentage point but remains near record lows following the sexual assault charges against former IMF chief Dominique Strass-Kahn, according to a poll.
Published 23 May, 2011 12:00am
Four South African police officers killed

Four South African police officers killed

Violence against South African police has reached a crisis point, the national police chief said Sunday, after four of his men were killed in just a few days. Two officers were shot dead and their guns stolen early Sunday in a Cape Town squatter camp.
Published 23 May, 2011 12:00am
Fire kills four at Tunisian refugee camp

Fire kills four at Tunisian refugee camp

A fire killed four Eritreans at a refugee camp in Tunisia near the Libyan border on Sunday, provoking a protest against poor conditions there, security sources said. Thousands of people fleeing violence in Libya have gathered at the camp in Choucha, seven
Published 23 May, 2011 12:00am
Taliban warns Kazakhstan on entering Afghan war

Taliban warns Kazakhstan on entering Afghan war

The Taliban has warned majority Muslim Kazakhstan that its decision to send troops to the Nato-led war in Afghanistan would have severe consequences and was not in its regional interest. The statement, distributed to media on Saturday, appeared to nod to
Published 23 May, 2011 12:00am
Nato beefs up Afghan police training as 2014 looms

Nato beefs up Afghan police training as 2014 looms

Nato will extend the length of its police training course across Afghanistan from October as it takes aim at staggeringly low literacy rates and corruption among the force before all security is handed over to the Afghans by the end of 2014.
Published 23 May, 2011 12:00am
MPs file to quiz Kuwaiti premier over Iran 'bias'

MPs file to quiz Kuwaiti premier over Iran 'bias'

Three opposition lawmakers Sunday demanded to question the Kuwaiti prime minister in parliament for allegedly harming national security by favouring good ties with Iran over Gulf Arab states. The MPs also blame Prime Minister Sheikh Nasser Mohammed al-Ahm
Published 23 May, 2011 12:00am
Forest fires rage in Russia's Far East, Siberia

Forest fires rage in Russia's Far East, Siberia

Fires are spreading fast across vast Siberian forests in a reminder of last year's worst drought on record which killed dozens of people and forced Russia to suspend grain exports.
Published 23 May, 2011 12:00am
Train collides with jeep in eastern India, 17 dead

Train collides with jeep in eastern India, 17 dead

At least 17 people were killed when an express train collided with a crowded jeep which was driving across an unmanned railway crossing in the eastern Indian state of Bihar, police said on Sunday.
Published 23 May, 2011 12:00am
Time to shift view of seismic risk: experts

Time to shift view of seismic risk: experts

Knowledge of seismic risk is badly skewed in favour of earthquakes that occur on plate boundaries, such as the March 11 temblor that hit north-east Japan, rather than those that strike deep inland, a pair of scientists said on Sunday.
Published 23 May, 2011 12:00am
Protesters vow to stay as Spain holds local elections

Protesters vow to stay as Spain holds local elections

Protesters seething over mass unemployment defied a ban on their swelling movement Sunday even as Spaniards voted in local elections expected to crush the ruling Socialists. Blasting big politics for the bleak economy and a jobless rate of more than 21 pe
Published 23 May, 2011 12:00am
Taiwan renews bid to buy subs, F-16s from US

Taiwan renews bid to buy subs, F-16s from US

Taiwan on Sunday said it was still pursuing its bid to buy eight submarines and dozens of F-16 fighters from the United States despite warming relations with former arch-rival China. The Taipei-based China Times reported Sunday that Taiwan had decided to
Published 23 May, 2011 12:00am
Clashes at anti-government protest in Georgia

Clashes at anti-government protest in Georgia

Clashes broke out at a demonstration aimed at ousting Georgia's Western-backed President Mikheil Saakashvili on Sunday, with protesters attacking cars and police firing rubber bullets and tear gas.
Published 23 May, 2011 12:00am
Cyprus parliamentary vote test for peace talks

Cyprus parliamentary vote test for peace talks

Greek Cypriots voted in a parliamentary election on Sunday in a first test for communist President Demetris Christofias's handling of complex talks with Turkish Cypriots on reunifying the divided island. Opinion polls suggest a tight race between Christof
Published 23 May, 2011 12:00am
A fresh strategy for development

A fresh strategy for development

Development of a country is a very complex process and it is unfortunate that while most of the countries in the region have been enjoying prolonged periods of high growth and increasing prosperity, Pakistan has been left far behind to suffer the conseque
Published 23 May, 2011 12:00am
Israel and new realities

Israel and new realities

Israeli Prime Minister Benjamin Netanyahu has rejected US President Barack Obama's call for establishing a Palestinian state within the 1967 borders. He told journalists in Washington on Friday "for there to be peace, the Palestinians will have to accept
Published 23 May, 2011 12:00am
Misinformation or disinformation?

Misinformation or disinformation?

The Pakistani public has been subjected to sustained misinformation, at best, and, at worst, disinformation for sometime now. That this charge is not unique to one minister, one government, one political party or indeed the establishment is becoming paten
Published 23 May, 2011 12:00am
Battle of the budget

Battle of the budget

"Qu'ils mangent de la brioche" (Let them eat cake), a phrase generally attributed to the French Queen Marie Antoinette which she is supposed to have uttered upon hearing that the peasants had no bread. Whether her majesty actually uttered the phrase or no
Published 23 May, 2011 12:00am
private: Pakistan and FPI

private: Pakistan and FPI

Despite the war-like situation within and at the outskirts of its boundaries, Pakistan continues to compete hard with other emerging markets to attract Foreign Portfolio Investments (FPI) with a view to sustaining the inflow of portfolio investment. Now i
Published 23 May, 2011 12:00am
PCCC in a fix

PCCC in a fix

Soon after the emergence of Pakistan in 1947, the Pakistan Central Cotton Committee (PCCC) was brought into existence under the Pakistan Cess Act 1948 of the government of Pakistan in 1949 with its headquarters at Karachi. It was mandated to bring about i
Published 23 May, 2011 12:00am
JI chief for shunning IMF and World Bank

JI chief for shunning IMF and World Bank

The Jamaat e Islami chief, Syed Munawar Hasan, has said that as long as the International Monitory Fund (IMF) and the World Bank (WB) held the steering of the country's economy, the goal of development and prosperity could not be achieved.
Published 23 May, 2011 12:00am
Heritage Caravan explores unique Kalash culture

Heritage Caravan explores unique Kalash culture

The Heritage Caravan under the auspices of Tourism Corporation Khyber Paktunkhwa (TC-KPK) had explored rich and unique culture of Chitral. In second phase, the caravan headed by Dr Abdul Samad, Consultant, Directorate of Archeology & Museums, Khyber Pakht
Published 23 May, 2011 12:00am
Lok Mela festival next month

Lok Mela festival next month

The National Institute of Folk and Traditional Heritage (Lok Virsa), Ministry of Information and Broadcasting is all set to hold its annual Artisans-at-work festival, popularly known as "Lok Mela" in June next month.
Published 23 May, 2011 12:00am
'IMF programme has given us inflation, economic stagnation'

'IMF programme has given us inflation, economic stagnation'

Former finance ministers, prominent industrialists and economists have expressed great faith in the economic potential of the country provided we set our house in order, improve governance and tax collection and remove losses of govt owned industries.
Published 23 May, 2011 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

I would like to extend my heartiest felicitations to all the members, students and management of ICMAP's Karachi Branch Council (KBC) for organising ICMAP's Management Accountants' Day - 2011, celebrating 60th year of contribution towards national economy
Published 23 May, 2011 12:00am
Message from Prime Minister, Islamic Republic of Pakistan

Message from Prime Minister, Islamic Republic of Pakistan

It is a matter of immense pleasure to felicitate all the members, students and management of ICMAP's Karachi Branch Council (KBC) for organising ICMAP's Management Accountants' Day - 2011, celebrating 60th year of contribution towards national economy.
Published 23 May, 2011 12:00am
Message from Federal Minister for Finance

Message from Federal Minister for Finance

As ICMAP's Karachi Branch Council is organising 60th Management Accountants' Day, I express my gratitude to all of you on this exciting event. Success is not a project rather it is a continuous drive to persistently move towards professional excellence in
Published 23 May, 2011 12:00am
Message from Governor of Sindh

Message from Governor of Sindh

I would like to appreciate the ICMAP's 60th Anniversary and also a 'Management Accountant Day'. The progress of any Institution is depending on how vibrant and innovative its members and students in organising conferences, seminars, workshops and other le
Published 23 May, 2011 12:00am
Message from Chief Minister of Sindh

Message from Chief Minister of Sindh

I would like to extend my heartiest felicitations to all the members, students and management of ICMAP's Karachi Branch Council (KBC) for organising ICMAP's Management Accountants' Day - 2011, celebrating 60th year of contribution towards national economy
Published 23 May, 2011 12:00am
Message from Chairman Karachi Branch Council of ICMAP

Message from Chairman Karachi Branch Council of ICMAP

I would like to extend my heartiest congratulation to all the Members, Students, and staff of ICAMP at the 60th Management Accountant Day. The Institute was founded on 23rd May 1951 and got statutory status in 1966 through Cost and Management Accountants
Published 23 May, 2011 12:00am
Future Management Accountants...

Future Management Accountants...

ICMAP recently conducted a counselling session on careers in management accounting: attended by professionals business and trade.
Published 23 May, 2011 12:00am
China pushes talks on North Korea as Kim visits

China pushes talks on North Korea as Kim visits

Chinese Premier Wen Jiabao defended six-party talks proposed by Beijing as the way to defuse volatile divisions on the Korean peninsula, even as China hosted North Korean leader Kim Jong-il, blamed by Japan and South Korea for inflaming regional tensions.
Published 23 May, 2011 12:00am
Tata denies attack on 'lazy' UK staff

Tata denies attack on 'lazy' UK staff

Indian tycoon Ratan Tata has denied calling his British staff lazy after a London newspaper quoted him attacking them for heading home early on Friday afternoons. The Tata Group issued a statement after the Times published an interview in which he describ
Published 23 May, 2011 12:00am
Israel approves new West Bank settler homes

Israel approves new West Bank settler homes

Israeli Defence Minister Ehud Barak has approved the construction of 294 new homes in Beitar Ilit settlement on the occupied West Bank, anti-settlement NGO Peace Now reported on Sunday. It also said that work had started on more than 2,000 settler homes s
Published 23 May, 2011 12:00am
Japan eyeing plan for solar panels on all new buildings

Japan eyeing plan for solar panels on all new buildings

Japan, seeking to promote renewable energy as it struggles with the world's worst nuclear crisis in decades, may this week announce a plan to make solar panels compulsory on the roofs of all new buildings by 2030, the Nikkei newspaper said on Sunday.
Published 23 May, 2011 12:00am
Merkel's CDU suffers further reverse in Bremen vote

Merkel's CDU suffers further reverse in Bremen vote

Chancellor Angela Merkel's conservatives suffered their worst result for 52 years in the German city state of Bremen on Sunday as voters re-elected the Social Democratic-led coalition, exit polls showed.
Published 23 May, 2011 12:00am
Wife of British diplomat plunges to death in NYC

Wife of British diplomat plunges to death in NYC

The wife of a British diplomat has died in an apparent suicide plunge from the roof of her New York City apartment building Police say 46-year-old Catherine Hurd jumped from the rooftop of her building on East 84th Street in Manhattan early Saturday. She
Published 23 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 16 - 21, 2011)

Published 23 May, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (May 22, 2011) and the forecast for Monday (May 23, 2011).

Published 23 May, 2011 12:00am
NAVAL AIR BASE UNDER ATTACK

NAVAL AIR BASE UNDER ATTACK

Militants attacked a naval aviation base, PNS Mehran, off Sharea Faisal here on Sunday, killing at least four people, security officials said. Intelligence officials said between 15 and 20 attackers were inside the Mehran Base, and had attacked three hang
Published 23 May, 2011 12:00am
NAVAL AIR BASE UNDER ATTACK

NAVAL AIR BASE UNDER ATTACK

Militants attacked a naval aviation base, PNS Mehran, off Sharea Faisal here on Sunday, killing at least four people, security officials said. Intelligence officials said between 15 and 20 attackers were inside the Mehran Base, and had attacked three hang
Published 23 May, 2011 12:00am
Two Naval staff killed

Two Naval staff killed

Two Pakistan Navy staff were killed in a militant attack on a naval air base here on Sunday, where troops were locked in battle with gunmen, a spokesman said Monday. "One of our officers and one Navy personnel have been martyred," Commodore Irfan ul Haq,
Published 23 May, 2011 12:00am
Two Naval staff killed

Two Naval staff killed

Two Pakistan Navy staff were killed in a militant attack on a naval air base here on Sunday, where troops were locked in battle with gunmen, a spokesman said Monday. "One of our officers and one Navy personnel have been martyred," Commodore Irfan ul Haq,
Published 23 May, 2011 12:00am
PAF museum is visited by very large number of people on Sundays

PAF museum is visited by very large number of people on Sundays

Naval air base (PNS Mehran), which came under terrorist attack on Sunday night, is located next to Pakistan Air Force Museum (PAF Museum) at main Sharea-e-Faisal. A very large number of people visit this highly impressive museum every day.
Published 23 May, 2011 12:00am
PAF museum is visited by very large number of people on Sundays

PAF museum is visited by very large number of people on Sundays

Naval air base (PNS Mehran), which came under terrorist attack on Sunday night, is located next to Pakistan Air Force Museum (PAF Museum) at main Sharea-e-Faisal. A very large number of people visit this highly impressive museum every day.
Published 23 May, 2011 12:00am
Obama sticks to Middle East vision, seeks to calm Israel

Obama sticks to Middle East vision, seeks to calm Israel

President Barack Obama on Sunday refused to back away from his new Middle East peacemaking vision that has angered Israel, as he addressed the Jewish state's staunchest American supporters amid a deep rift in US-Israeli ties.
Published 23 May, 2011 12:00am
Obama sticks to Middle East vision, seeks to calm Israel

Obama sticks to Middle East vision, seeks to calm Israel

President Barack Obama on Sunday refused to back away from his new Middle East peacemaking vision that has angered Israel, as he addressed the Jewish state's staunchest American supporters amid a deep rift in US-Israeli ties.
Published 23 May, 2011 12:00am
Netanyahu 'values' Obama call

Netanyahu 'values' Obama call

Israeli Prime Minister Benjamin Netanyahu said Sunday he shared President Barack Obama's vision for peace in remarks appeared aimed at defusing a deepening row with the US leader.
Published 23 May, 2011 12:00am
Netanyahu 'values' Obama call

Netanyahu 'values' Obama call

Israeli Prime Minister Benjamin Netanyahu said Sunday he shared President Barack Obama's vision for peace in remarks appeared aimed at defusing a deepening row with the US leader.
Published 23 May, 2011 12:00am
THE RUPEE: dollar past Rs 87

THE RUPEE: dollar past Rs 87

Panic buying of dollars as a result of different speculations pushed the rupee lower sharply against dollar on the money market during the week ended on May 21, 2011. On the interbank market, the rupee lost 115 paisa in relation to dollar for buying and s
Published 23 May, 2011 12:00am
THE RUPEE: dollar past Rs 87

THE RUPEE: dollar past Rs 87

Panic buying of dollars as a result of different speculations pushed the rupee lower sharply against dollar on the money market during the week ended on May 21, 2011. On the interbank market, the rupee lost 115 paisa in relation to dollar for buying and s
Published 23 May, 2011 12:00am
NFC award creates serious structural issues: SBP chief

NFC award creates serious structural issues: SBP chief

Governor State Bank of Pakistan Shahid H Kardar has said that the National Finance Commission Award has created serious structural issues between the Federal and provincial governments that must be resolved for the long-term economic revival and political
Published 23 May, 2011 12:00am
NFC award creates serious structural issues: SBP chief

NFC award creates serious structural issues: SBP chief

Governor State Bank of Pakistan Shahid H Kardar has said that the National Finance Commission Award has created serious structural issues between the Federal and provincial governments that must be resolved for the long-term economic revival and political
Published 23 May, 2011 12:00am
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