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Archive - 2011-05-30
Canada first quarter GDP up 3.9pc
Top News

Canada first quarter GDP up 3.9pc

OTTAWA : Canada's economy grew 3.9 percent in the first quarter of this year as business investment continued to increa
Published 30 May, 2011 03:05pm
KSE end lower, rupee weakens
Markets

KSE end lower, rupee weakens

KARACHI : Karachi Stock Exchnage (KSE) ended lower on Monday as investors booked profits at higher levels after the ma
Published 30 May, 2011 01:22pm
Governor, CM discuss next budget
Top News

Governor, CM discuss next budget

KARACHI: Governor Sindh, Dr. Ishrat ul Ebad Khan, met with Chief Minister, Syed Qaim Ali Shah at the CM House here on Su
Published 30 May, 2011 07:01am
Japan PM moves toward tax rise: media
Top News

Japan PM moves toward tax rise: media

TOKYO : Japan 's centre-left premier is taking steps toward a consumption tax hike, a report said Monday, days after
Published 30 May, 2011 06:56am
Euro eases against dollar
Financial

Euro eases against dollar

TOKYO: The euro eased against the dollar amid lingering concerns over the European debt crisis, a reversal after weak
Published 30 May, 2011 04:08am
Japanese shares flat by noon
Financial

Japanese shares flat by noon

TOKYO : Tokyo shares ended Monday morning flat amid concerns over a firm yen and caution before a string of key Jap
Published 30 May, 2011 03:48am
Banks under fire
BR Research

Banks under fire

The banking industry is making big headlines these days, due to its growing interest in sovereign instruments. Double-digit returns on short
Published 30 May, 2011 12:00am
DAP prices going out of hand
BR Research

DAP prices going out of hand

Record-high fertiliser prices welcomed farmers bracing up for the Kharif season that started in April. Apparently, that did not affect ferti
Published 30 May, 2011 12:00am
PPP hits back at Nawaz for 'revolt' call

PPP hits back at Nawaz for 'revolt' call

The ruling Pakistan People's Party (PPP) on Sunday lashed out at Pakistan Muslim League-Nawaz (PML-N) leadership for allegedly misleading the nation by asking them to revolt against its government.
Published 30 May, 2011 12:00am
Vectracom acquires IFLogics

Vectracom acquires IFLogics

Vectracom, the region's leading wireless information providers, has acquired an offshore software development company, expanding its overseas operations, an official said. "We have acquired software development company IFLogics as part of our software dev
Published 30 May, 2011 12:00am
Blast damages house in Mardan

Blast damages house in Mardan

An explosive improvised device planted by miscreants at the outer wall of a house at Sheikh Maltoon area went off here Sunday, partially damaged the residence. Police said the low intensity explosion occurred when unknown miscreants detonated an explosive
Published 30 May, 2011 12:00am
NAG holds press preview of 'Silent Voices' today

NAG holds press preview of 'Silent Voices' today

Nomad Art Gallery will hold press preview of an exhibition of paintings 'Silent Voices' by Mussarrat Nahid Imam here on Tuesday. The show will be open for public on May 31 and will continue till June 11 featuring the collection that focuses on mixed media
Published 30 May, 2011 12:00am
PN's clarification

PN's clarification

A spokesman for the Pakistan Navy on Sunday clarified that the remarks attributed to Naval Chief that 'there was no security lapse', is out of context and inaccurate. Exact wording to media during the press briefing on May 23, 2011 were: "You may question
Published 30 May, 2011 12:00am
HCCI briefs Swiss investors about prospects

HCCI briefs Swiss investors about prospects

Hyderabad Chamber of Commerce & Industry, in a recent communication apprised chairmen Board of Investment, Islamabad and Sindh that during the recent visit of a delegation of the chamber to Switzerland, they were able to attract Swiss investors to invest
Published 30 May, 2011 12:00am
Balochistan government issues final warning to doctors

Balochistan government issues final warning to doctors

Balochistan government on Sunday asked the doctors to resume their duties, as the law of compulsory service is applied on their service. According to notice published in newspaper, the provincial government said that all the doctors who are absent from th
Published 30 May, 2011 12:00am
Justice eludes families of Shopian incident victims

Justice eludes families of Shopian incident victims

Justice eluding the family of two Kashmiri women, Asiya and Neelofar, who were molested and murdered by men in uniform in Shopian, even after the passing of two years, as the perpetrators have not been brought to justice so far.
Published 30 May, 2011 12:00am
Three-pronged strategy proposed for fighting extremism

Three-pronged strategy proposed for fighting extremism

Former envoy BA Malik on Sunday proposed a three-pronged strategy to fight extremism and curb the spreading cancer sapping energies of the nation. Malik claimed that if his strategy was implemented, it would help achieve the set goals against terrorism.
Published 30 May, 2011 12:00am
Pakistani businessmen to visit Tajikistan from today

Pakistani businessmen to visit Tajikistan from today

A high level delegation of Pakistani businessmen will visit Tajikistan from May 30 to June 3, 2011. The visit is aimed at promoting trade ties between the two countries and exploring new avenues of mutual co-operation.
Published 30 May, 2011 12:00am
'Foreign agencies involved in disturbing peace'

'Foreign agencies involved in disturbing peace'

Pakistan Muslim League (Zia) Chief, Ejaz-ul-Haq has said that foreign agencies are involved in disturbing country's peace. While addressing a press conference here on Sunday, Ejaz-ul-Haq claimed that the government possesses evidence of foreign agencies'
Published 30 May, 2011 12:00am
KU announcement

KU announcement

Director Evening Programme, University of Karachi, Professor Dr Abuzar Wajdi has announced that the admission in masters discipline (evening programme) of the campus would start on 30th May 2011.
Published 30 May, 2011 12:00am
Postgraduate exams at AIOU from June 6

Postgraduate exams at AIOU from June 6

Exams of all postgraduate programmes of Allama Iqbal Open University for Semester Autumn, 2010 will commence from June 6 simultaneously across the country. This was announced by Controller of Exams AIOU, Hafeezullah in a statement issued here on Sunday.
Published 30 May, 2011 12:00am
Iran denies buying ship from Israel firm

Iran denies buying ship from Israel firm

Iran's top trade official has denied that a public company in Iran, which does not recognise the Jewish state, bought a ship from an Israeli firm as claimed by Washington, local media said on Sunday.
Published 30 May, 2011 12:00am
Jailed Saudi female driver appeals to king

Jailed Saudi female driver appeals to king

A young Saudi woman detained for more than a week for breaking the ultra-conservative kingdom's ban on women driving has appealed to King Abdullah for her release, her lawyer said Sunday. "Manal al-Sharif hopes that the king will order her release and clo
Published 30 May, 2011 12:00am
Strauss-Kahn assembles crisis team to fight back

Strauss-Kahn assembles crisis team to fight back

Faced with a legal and media onslaught, Dominique Strauss-Kahn is pulling together a crack team of investigators, former spies and media advisers to fight back against charges he sexually assaulted a hotel chambermaid. The former IMF chief's advisers will
Published 30 May, 2011 12:00am
Missouri tornado disaster 'a national tragedy': Obama

Missouri tornado disaster 'a national tragedy': Obama

President Barack Obama on Sunday called last week's tornado that claimed scores of lives here "a national tragedy," ahead of a memorial service for the dead. "This is not just your tragedy. It is a national tragedy and there will be a national response,"
Published 30 May, 2011 12:00am
Khamenei backs president, wants end to crisis

Khamenei backs president, wants end to crisis

Iran's supreme leader Ayatollah Ali Khamenei on Sunday backed President Mahmoud Ahmadinejad's government and called for an end to the crisis within the ruling conservative camp, state television said. "While there are weakness and problems ... the composi
Published 30 May, 2011 12:00am
Nepal's parliament survives, but divisions remain

Nepal's parliament survives, but divisions remain

Nepal's political leaders narrowly avoided a constitutional crisis on Sunday by agreeing to give parliament a three-month reprieve to complete its work, but they remain deeply divided on key issues.
Published 30 May, 2011 12:00am
Bahrain Shia leader says backs royal family

Bahrain Shia leader says backs royal family

The leader of Bahrain's main Shia opposition party said on Sunday his goal was to help bring political reform, rejecting accusations of taking orders from Iran or seeking to install Shia religious rule. Sheikh Ali Salman, head of the opposition group Wefa
Published 30 May, 2011 12:00am
Britain readies 'bunker-busting' bombs for Libya

Britain readies 'bunker-busting' bombs for Libya

Britain is to add "bunker-busting" bombs to the arsenal its warplanes are using over Libya, a weapon it said on Sunday would send a loud message to Muammar Qadhafi that it is time to quit.
Published 30 May, 2011 12:00am
Seven shot dead, tanks circle Syrian towns

Seven shot dead, tanks circle Syrian towns

Syrian security forces shot dead seven people and wounded more than 100 in and around Talbisa and Rastan on Sunday after tanks encircled the towns near the central city of Homs, an activist said. "Two more civilians have been killed at Talbisa and a nearb
Published 30 May, 2011 12:00am
Brotherhood says won't force Islamic law on Egypt

Brotherhood says won't force Islamic law on Egypt

The Muslim Brotherhood wants a diverse parliament after elections in September and is not seeking to impose Islamic law on Egypt, the head of the group's newly formed political party said in an interview.
Published 30 May, 2011 12:00am
Mubarak wealth no more than $1 million

Mubarak wealth no more than $1 million

The wealth of toppled Egyptian president Hosni Mubarak is no more than $1 million and he has no assets overseas, his lawyer said on Sunday. Farid el-Deeb also told CNN in an interview that Mubarak denied charges of graft and killing protesters during the
Published 30 May, 2011 12:00am
Israel marks Jerusalem 'reunification' with cash

Israel marks Jerusalem 'reunification' with cash

Prime Minister Benjamin Netanyahu on Sunday reaffirmed his intent to keep Jerusalem the "undivided capital" of Israel, authorising a $100-million investment package for the disputed holy city.
Published 30 May, 2011 12:00am
HSBC Middle East sells $500 million five-year Islamic bond

HSBC Middle East sells $500 million five-year Islamic bond

HSBC's Middle East unit priced a $500 million Islamic bond on Thursday at 155 basis points above midswaps, carrying a maturity of five years. The Islamic bond, or sukuk, yielding 3.575 percent, saw regional investors taking up 58 percent of orders, follow
Published 30 May, 2011 12:00am
HSBC Middle East sells $500 million five-year Islamic bond

HSBC Middle East sells $500 million five-year Islamic bond

HSBC's Middle East unit priced a $500 million Islamic bond on Thursday at 155 basis points above midswaps, carrying a maturity of five years. The Islamic bond, or sukuk, yielding 3.575 percent, saw regional investors taking up 58 percent of orders, follow
Published 30 May, 2011 12:00am
Resourcehouse launches $3.6 billion Hong Kong IPO

Resourcehouse launches $3.6 billion Hong Kong IPO

Australian mining company Resourcehouse, controlled by billionaire Clive Palmer, launched its planned $3.6 billion Hong Kong IPO on Sunday, betting on rising coal prices to attract investors to its large initial public offering.
Published 30 May, 2011 12:00am
Resourcehouse launches $3.6 billion Hong Kong IPO

Resourcehouse launches $3.6 billion Hong Kong IPO

Australian mining company Resourcehouse, controlled by billionaire Clive Palmer, launched its planned $3.6 billion Hong Kong IPO on Sunday, betting on rising coal prices to attract investors to its large initial public offering.
Published 30 May, 2011 12:00am
Middle East stocks: Egypt climbs to eight-week high, others mixed

Middle East stocks: Egypt climbs to eight-week high, others mixed

Egypt's bourse hit an eight-week high after a non-violent weekend raised investors confidence on Sunday and property stocks lifted UAE markets. "We had fears something fierce would happen on Friday and nothing happened in terms of violence. Investors see
Published 30 May, 2011 12:00am
Global Markets Weekahead: bracing for QE2 final countdown

Global Markets Weekahead: bracing for QE2 final countdown

Investors are preparing themselves for further market tension as Europe's debt crisis lingers on while data surprises on the downside just when the countdown to the end of the US bond buying programme begins in earnest.
Published 30 May, 2011 12:00am
Yandex backer Baring Vostok plans new fund

Yandex backer Baring Vostok plans new fund

Baring Vostok Capital Partners, a backer of Yandex, the Russian internet search firm that raised $1.3 billion in a US float this week, plans a new fund later this year, founding partner Michael Calvey told Reuters.
Published 30 May, 2011 12:00am
Yandex backer Baring Vostok plans new fund

Yandex backer Baring Vostok plans new fund

Baring Vostok Capital Partners, a backer of Yandex, the Russian internet search firm that raised $1.3 billion in a US float this week, plans a new fund later this year, founding partner Michael Calvey told Reuters.
Published 30 May, 2011 12:00am
London stock market set for shortened week

London stock market set for shortened week

The British stock market will likely focus on the eurozone debt crisis and an uncertain economic outlook next week in holiday-shortened trade amid a dearth of company news. London's FTSE 100 index lost 0.16 percent over the past week to finish at 5,938.87
Published 30 May, 2011 12:00am
LSE not in talks with LCH.Clearnet

LSE not in talks with LCH.Clearnet

The London Stock Exchange said it is not in talks with LCH.Clearnet, following speculation that it had been one of a number of exchanges that had made a bid for the European clearinghouse.
Published 30 May, 2011 12:00am
Perennial China Retail Trust to raise $624 million in Singapore IPO

Perennial China Retail Trust to raise $624 million in Singapore IPO

Perennial China Retail Trust, which owns shopping mall assets in China, is set to raise S$776 million ($624 million) after it priced its Singapore IPO at the bottom of its indicative range sources said on Friday, in a deal that was partly hit by volatile
Published 30 May, 2011 12:00am
Perennial China Retail Trust to raise $624 million in Singapore IPO

Perennial China Retail Trust to raise $624 million in Singapore IPO

Perennial China Retail Trust, which owns shopping mall assets in China, is set to raise S$776 million ($624 million) after it priced its Singapore IPO at the bottom of its indicative range sources said on Friday, in a deal that was partly hit by volatile
Published 30 May, 2011 12:00am
Wall Street Weekahead: nervous investors demand bigger returns

Wall Street Weekahead: nervous investors demand bigger returns

The world looks a lot more dangerous than it did only a few months ago and signs are that US stock investors are starting to demand more for the added risk. With important manufacturing and jobs data due next week, it could start to get even riskier.
Published 30 May, 2011 12:00am
Serb dinar no one-way bet despite Mladic arrest

Serb dinar no one-way bet despite Mladic arrest

Serbia's dinar jumped this week after the arrest of Ratko Mladic cleared a key obstacle to the country becoming an EU candidate, but a look at the bloc's other recent joiners suggests the currency is no one-way bet. For starters, the arrest only brought B
Published 30 May, 2011 12:00am
German retailer Adler publishes IPO prospectus

German retailer Adler publishes IPO prospectus

German fashion retailer Adler on Sunday published the prospectus for its planned initial public offering, through which it aims to expand at home and abroad. Adler, which dates back to 1948 and was part of the Metro AG from 1996 to 2009, on Friday announc
Published 30 May, 2011 12:00am
MGM China prices IPO at HK$15.34

MGM China prices IPO at HK$15.34

MGM China, the venture between MGM Resorts International and casino mogul Stanley Ho's daughter Pansy Ho, priced its initial public offering at HK$15.34 a share, the top of its indicative range, two sources with direct knowledge of the deal told Reuters o
Published 30 May, 2011 12:00am
MGM China prices IPO at HK$15.34

MGM China prices IPO at HK$15.34

MGM China, the venture between MGM Resorts International and casino mogul Stanley Ho's daughter Pansy Ho, priced its initial public offering at HK$15.34 a share, the top of its indicative range, two sources with direct knowledge of the deal told Reuters o
Published 30 May, 2011 12:00am
Bangladesh hikes development budget by 28 percent

Bangladesh hikes development budget by 28 percent

Bangladesh on Sunday boosted its development spending by 28 percent to a record 6.4 billion dollars for the new fiscal year, aimed at increasing economic growth to a record seven percent. The National Economic Council led by Prime Minister Sheikh Hasina a
Published 30 May, 2011 12:00am
Hong Kong mulls ban on Taiwanese imports

Hong Kong mulls ban on Taiwanese imports

Hong Kong officials said Sunday they will consider banning imports from Taiwan, prompted by a food scare after the neighbour ordered a recall of nearly half a million contaminated drinks.
Published 30 May, 2011 12:00am
Steel workers strike ends at Algerian plant

Steel workers strike ends at Algerian plant

Thousands of workers at steel giant ArcelorMittal's plant in Algeria ended a strike on Sunday, saying their demands had been met. About 1,000 staff had downed tools Saturday at the El Hadjar complex in Annaba, 600 kilometres (375 miles) east of the capita
Published 30 May, 2011 12:00am
Iraq cancels direct food purchases

Iraq cancels direct food purchases

Iraq's trade ministry has cancelled direct cash purchases of essential food items, such as sugar, wheat and rice, as a measure to halt corruption, Deputy Trade Minister Sweiba Mahmoud said on Sunday.
Published 30 May, 2011 12:00am
Lagarde has G8 backing; hits back at inquiry call

Lagarde has G8 backing; hits back at inquiry call

G8 leaders all back French Finance Minister Christine Lagarde's bid to run the IMF, Foreign Minister Alain Juppe said on Sunday, as she attacked a call to probe her role in a 2008 legal case that may harm her chances. France was careful not to speak out a
Published 30 May, 2011 12:00am
UK long-term jobless highest since 1997

UK long-term jobless highest since 1997

The number of Britons out of work for more than a year has jumped to its highest level since 1997, with men and the over 50s hit hardest, a leading thinktank said in a report on Sunday.
Published 30 May, 2011 12:00am
No paperwork on near $500 million of Kabul Bank loans

No paperwork on near $500 million of Kabul Bank loans

A failed Afghan bank doled out nearly half a billion dollars in unsecured, undocumented loans to a roster of Kabul's elite, including sitting cabinet ministers and a powerful former warlord, anti-corruption officials said on Sunday.
Published 30 May, 2011 12:00am
Anti-GM food protest leaves 18 injured in Belgium

Anti-GM food protest leaves 18 injured in Belgium

Environmental activists stormed a field of genetically modified potatoes in Belgium Sunday, breaking through a security cordon in a raid that left police and protesters injured, authorities and organisers said.
Published 30 May, 2011 12:00am
Total acquires 25 percent stake in Qatari exploration block

Total acquires 25 percent stake in Qatari exploration block

France's Total has acquired a 25 percent stake in Qatar's Block BC offshore exploration license, state-owned Qatar Petroleum said in a statement on Sunday. Located 130 kilometres east of the Qatari coast, the offshore block covers an area of 5,649 square
Published 30 May, 2011 12:00am
Belgium calls for pan-eurozone bond to help Greece

Belgium calls for pan-eurozone bond to help Greece

Eurozone states should consider reviving the controversial idea of creating a joint bond that could be used to help Greece overcome its debt crisis, Belgium's finance minister said Sunday.
Published 30 May, 2011 12:00am
Belgium calls for pan-eurozone bond to help Greece

Belgium calls for pan-eurozone bond to help Greece

Eurozone states should consider reviving the controversial idea of creating a joint bond that could be used to help Greece overcome its debt crisis, Belgium's finance minister said Sunday.
Published 30 May, 2011 12:00am
Greece 'confident' of fifth aid instalment

Greece 'confident' of fifth aid instalment

Greek Finance Minister George Papaconstantinou said Sunday he was confident about receiving the next aid instalment, rejecting a German magazine article that cast doubt over the transfer.
Published 30 May, 2011 12:00am
EU's Rehn warns Greece over June payment

EU's Rehn warns Greece over June payment

The EU will follow the IMF in blocking the June transfer of more Greek aid unless Athens does more to fix its public finances, economic affairs commissioner Olli Rehn was quoted as saying Sunday. "We Europeans are setting the same conditions as the Intern
Published 30 May, 2011 12:00am
Ireland may need more EU/IMF cash

Ireland may need more EU/IMF cash

Ireland may have to ask for another loan from the European Union and International Monetary Fund because it will struggle to return to debt markets to raise funds next year, a government minister said on Sunday.
Published 30 May, 2011 12:00am
Greeks favour selloffs to end debt crisis

Greeks favour selloffs to end debt crisis

An overwhelming majority of Greeks are in favour of selling and developing state assets to raise 50 billion euros ($71.19 billion) to avoid a default on the country's crippling debt load, a poll found on Sunday.
Published 30 May, 2011 12:00am
Greeks favour selloffs to end debt crisis

Greeks favour selloffs to end debt crisis

An overwhelming majority of Greeks are in favour of selling and developing state assets to raise 50 billion euros ($71.19 billion) to avoid a default on the country's crippling debt load, a poll found on Sunday.
Published 30 May, 2011 12:00am
Denmark trims 2011 financing requirement estimate

Denmark trims 2011 financing requirement estimate

Denmark on Sunday lowered its forecast for its central government gross financing need in 2011 to 149 billion Danish crowns ($28.63 billion) from a previous estimate of 153 billion crowns. The gross financing requirement corresponds to the net financing n
Published 30 May, 2011 12:00am
Pakistan holds India 15-15 draw in BFAME Bridge

Pakistan holds India 15-15 draw in BFAME Bridge

The fourth-day of the Bridge Federation of Asia & Middle East (BFAME) proved was the best for Pakistan when they held India to 15-15 draw in the 11th round and recorded big wins against Jordan and Bangladesh at Sheraton Hotel Hall in Chennai (India) on Su
Published 30 May, 2011 12:00am
Nisar cruises into China Open quarterfinals

Nisar cruises into China Open quarterfinals

Nisar Khan cruised into the quarterfinals of China Open Boxing Championship, underway in Guyang (China), after defeating Woo Sungjae of Korea in the opening round. Fighting in the 75-kg category, Nisar recorded a 9-6 win over the Korean boxer to secure hi
Published 30 May, 2011 12:00am
Women cricket matches should be broadcast: Sana Mir

Women cricket matches should be broadcast: Sana Mir

Pakistan women's cricket players have expressed the need of their cricket matches whether domestic or international to be telecast live to promote the women's sports in the country. Pakistan women's cricket team captain Sana Mir told APP, "We defeated Sri
Published 30 May, 2011 12:00am
Pakistan 'A' completes Afghanistan whitewash

Pakistan 'A' completes Afghanistan whitewash

Pakistan 'A' outlasted a much improved Afghanistan team to win the third and final one-day cricket match by four wickets here on Sunday, for a 3-0 whitewash of the tourists. Noor Ali (51) guided Afghanistan to an imposing 274-9 in their 50 overs before Sa
Published 30 May, 2011 12:00am
Trott plunders another 200 as draw looms

Trott plunders another 200 as draw looms

Jonathan Trott ground his way to a painstaking, chanceless double century as the rain-affected first test between England and Sri Lanka headed for a draw on Sunday. Trott was finally bowled for 203 five overs from the close, his second test double hundred
Published 30 May, 2011 12:00am
Djokovic and Federer on collision course

Djokovic and Federer on collision course

Novak Djokovic produced an unforgettable performance, with the racket and the microphone, to wipe the smile off Richard Gasquet's face while Roger Federer continued his Bois de Boulogne stroll to reach the French Open quarter-finals on Sunday.
Published 30 May, 2011 12:00am
Tharanga tests positive for banned drug

Tharanga tests positive for banned drug

Sri Lanka opening batsman Upul Tharanga tested positive for an banned substance at this year's World Cup, an International Cricket Council (ICC) source told Reuters on Sunday. Left-hander Tharanga scored two centuries in the tournament co-hosted by India,
Published 30 May, 2011 12:00am
Ferguson mulls Man Utd revamp after Barca mauling

Ferguson mulls Man Utd revamp after Barca mauling

Sir Alex Ferguson is pondering the most daunting rebuilding task of his 25-year reign at Manchester United after seeing his side destroyed by Barcelona in the Champions League final.
Published 30 May, 2011 12:00am
China crush Denmark to win Sudirman Cup

China crush Denmark to win Sudirman Cup

China demolished Denmark 3-0 to capture their fourth Sudirman Cup on the trot in front of a raucous sell-out home crowd in the seaside city of Qingdao on Sunday. The hosts and hot pre-tournament favourites were the outstanding side at the world mixed team
Published 30 May, 2011 12:00am
FIFA clear Blatter, suspend bin Hammam

FIFA clear Blatter, suspend bin Hammam

The FIFA ethics committee suspended one-time presidential candidate Mohamed bin Hammam and FIFA vice-president Jack Warner on Sunday, while clearing FIFA president Sepp Blatter of corruption. The committee, chaired by Namibian Petrus Damaseb, heard bin Ha
Published 30 May, 2011 12:00am
Messi the master as brilliant Barca down Man United

Messi the master as brilliant Barca down Man United

Barcelona confirmed their place in the pantheon of football's greatest sides here Saturday, outclassing Manchester United 3-1 at Wembley to claim their second Champions League crown in three years.
Published 30 May, 2011 12:00am
IPL doubts linger after final razzmatazz

IPL doubts linger after final razzmatazz

After a gruelling seven weeks and 74 matches, the Indian Premier League finally came to an end amid the usual glitter and glamour but left unanswered questions in its wake. The sight of N. Srinivasan, owner of the Chennai Super Kings franchise, handing ou
Published 30 May, 2011 12:00am
JP Morgan Asia targets growth in energy

JP Morgan Asia targets growth in energy

JP Morgan Chase & Co plans to expand its physical trading activity in China's oil market, Indonesia's coal sector and across Asian metals to cash in on what it sees as a long-term bull market, the head of the bank's Asian commodities unit said.
Published 30 May, 2011 12:00am
Islamic Development Bank to increase sukuk programme

Islamic Development Bank to increase sukuk programme

The Islamic Development Bank (IDB) plans to increase its $3.5 billion sukuk programme to as much as $8 billion and issue a sukuk bond worth $600 million by year end, its vice-president said on May 25. Abdul Aziz al-Hinai said $2.9 billion of the current p
Published 30 May, 2011 12:00am
Islamic Development Bank to increase sukuk programme

Islamic Development Bank to increase sukuk programme

The Islamic Development Bank (IDB) plans to increase its $3.5 billion sukuk programme to as much as $8 billion and issue a sukuk bond worth $600 million by year end, its vice-president said on May 25. Abdul Aziz al-Hinai said $2.9 billion of the current p
Published 30 May, 2011 12:00am
SocGen eyeing European private banking takeovers

SocGen eyeing European private banking takeovers

Consolidation among Europe's private banks will give French lender Societe Generale opportunities for more takeovers in this sector, a leading SocGen executive told Reuters.
Published 30 May, 2011 12:00am
GM to add 2,500 jobs at Detroit-area factory

GM to add 2,500 jobs at Detroit-area factory

General Motors Co will add 2,500 jobs at a Detroit-area factory that now makes electric cars, investing $69 million so the plant can make two new Chevrolet sedans. The factory, which straddles the border between Detroit and the small enclave of Hamtramck,
Published 30 May, 2011 12:00am
GM to add 2,500 jobs at Detroit-area factory

GM to add 2,500 jobs at Detroit-area factory

General Motors Co will add 2,500 jobs at a Detroit-area factory that now makes electric cars, investing $69 million so the plant can make two new Chevrolet sedans. The factory, which straddles the border between Detroit and the small enclave of Hamtramck,
Published 30 May, 2011 12:00am
El Paso plans to split into two separate companies

El Paso plans to split into two separate companies

El Paso Corp said it will split into two publicly traded companies, separating its exploration and production business from its pipeline operations. The company also raised its full-year earnings outlook, saying results to date had exceeded expectations.
Published 30 May, 2011 12:00am
StanChart sees growth in India M&A financing

StanChart sees growth in India M&A financing

Standard Chartered is looking to tap a bigger share of the acquisition-related financing in India, a senior executive said on May 24, as companies aggressively look for large buyout opportunities in the overseas markets.
Published 30 May, 2011 12:00am
48 hours of video uploaded to YouTube every minute

48 hours of video uploaded to YouTube every minute

YouTube said on May 25 that 48 hours of video are being uploaded to the video-sharing site every minute, up from 35 hours per minute at the end of last year. The Google-owned site, which was founded in May 2005, also said it was attracting a staggering th
Published 30 May, 2011 12:00am
China has over 900 million mobile phone users

China has over 900 million mobile phone users

China had more than 900 million mobile phone subscribers at the end of April with nearly two-thirds of the world's most populous nation using cellular technology, the government said on May 24. The nation's army of mobile phone users grew by over 41 milli
Published 30 May, 2011 12:00am
German scientists beat data transfer record

German scientists beat data transfer record

Computer users who despair over slow Internet connections should take heart. German scientists have broken a speed record, sending data contained on 700 DVDs over a single laser beam, in one second. The scientists at the Karlsruhe Institute of Technology
Published 30 May, 2011 12:00am
Toyota cars to 'tweet' their drivers

Toyota cars to 'tweet' their drivers

Japan's Toyota Motor on May 23 said it planned to create a private social networking service that will let cars "tweet" their drivers when they need servicing. The Japanese automaker said it would work in conjunction with US cloud computing firm Salesforc
Published 30 May, 2011 12:00am
Microsoft unveils Windows Phone update 'Mango'

Microsoft unveils Windows Phone update 'Mango'

Microsoft unveiled the latest version of its mobile phone software and new handset partners on May 24 as it seeks to claw back market share from Apple and Google. The Redmond, Washington-based personal computer software powerhouse said the update to its W
Published 30 May, 2011 12:00am
Google turning mobile phone into wallet

Google turning mobile phone into wallet

Google unveiled a free mobile application on May 26 that turns a smartphone into an electronic wallet and is designed to replace plastic credit cards. The Internet giant, at a press conference at its New York headquarters with financial partners Citibank,
Published 30 May, 2011 12:00am
Canadians using smartphones for everything but talking

Canadians using smartphones for everything but talking

A boom in smartphone sales is changing how Canadians interact with each other as these devices are increasingly used for anything but talking to people, according to a survey on May 26. Three in 10 Canadians now own a Blackberry, iPhone or other smartphon
Published 30 May, 2011 12:00am
Hackers aim ruse at Apple computer users

Hackers aim ruse at Apple computer users

Hackers are out to trick Apple computer users into infecting Macintosh machines with malicious code pretending to be legitimate security software. Apple on May 25 was warning about a "phishing scam" that stealthily directs Mac users to fake websites which
Published 30 May, 2011 12:00am
Media boss Murdoch rallies Internet for education

Media boss Murdoch rallies Internet for education

Media baron Rupert Murdoch on May 24 urged Internet companies to pull out the stops in developing digital education programmes to revolutionise the world's classrooms.
Published 30 May, 2011 12:00am
Yahoo! launches email service overhaul

Yahoo! launches email service overhaul

Yahoo! on May 24 began a global overhaul to its free email service, making it faster and better integrated with hot social networking services Facebook and Twitter. A revamped version of Yahoo! Mail introduced in a beta, or test, programme in October will
Published 30 May, 2011 12:00am
Sea levels set to rise by up to a metre

Sea levels set to rise by up to a metre

Sea levels are set to rise by up to a metre within a century due to global warming, a new Australian report said on May 23 as it warned this could make "once-a-century" coastal flooding much more common. The government's first Climate Commission report sa
Published 30 May, 2011 12:00am
Can selenium lower cholesterol?

Can selenium lower cholesterol?

Taking high doses of selenium may help slightly lower cholesterol levels - but it's still not recommended in the United States, where most people get plenty of the mineral, according to the authors of a new study.
Published 30 May, 2011 12:00am
Two million people to undergo health checks in Japan

Two million people to undergo health checks in Japan

Local authorities in Japan said on May 27 that they would check the health of 2 million people living near a damaged nuclear power station to examine the effects of radiation. Since the Fukushima Daiichi nuclear plant was damaged by the March 11 earthquak
Published 30 May, 2011 12:00am
Time to shift view of seismic risk

Time to shift view of seismic risk

Knowledge of seismic risk is badly skewed in favour of earthquakes that occur on plate boundaries, such as the March 11 temblor that hit northeast Japan, rather than those that strike deep inland, a pair of scientists said.
Published 30 May, 2011 12:00am
No link between tornadoes and climate change

No link between tornadoes and climate change

The United States is experiencing the deadliest year for tornadoes in nearly six decades, but a top US weather expert said there is no link between the violent twisters and climate change.
Published 30 May, 2011 12:00am
Common drug combo spikes blood sugar

Common drug combo spikes blood sugar

An anti-depressant and a cholesterol lowering drug, taken together by as many as one million people in the United States, may cause a spike in blood sugar levels, researchers said on May 25. Paxil and the anti-cholesterol drug Pravachol do not have this e
Published 30 May, 2011 12:00am
China drought worst in over 50 years

China drought worst in over 50 years

Central China's worst drought in more than 50 years is drying reservoirs, stalling rice planting, and threatens crippling power shortages as hydroelectric output slows, state media said on May 25.
Published 30 May, 2011 12:00am
SC nuclear plant becoming 1st in US to go digital

SC nuclear plant becoming 1st in US to go digital

The digital revolution is finally reaching America's nuclear power plants. Sometime in the next few weeks, technicians will finish installing digital controls for the operating and safety systems of a nuclear plant reactor in western South Carolina, a mov
Published 30 May, 2011 12:00am
German E coli outbreak death toll rises to 10

German E coli outbreak death toll rises to 10

A virulent form of E.coli bacteria blamed on infected cucumbers from Spain has killed 10 people in Germany and sickened 300, health officials said on Sunday while warning people not to eat suspect vegetables.
Published 30 May, 2011 12:00am
Japan Prime Minister could face no-confidence motion

Japan Prime Minister could face no-confidence motion

Japan's centre-left Prime Minister Naoto Kan, under fire for his handling of the response to the March 11 earthquake, tsunami and nuclear disaster, faces the threat of a no-confidence motion this week.
Published 30 May, 2011 12:00am
China tightens grip on Inner Mongolia before planned protest

China tightens grip on Inner Mongolia before planned protest

Security forces sealed off parts of the capital of China's vast northern region of Inner Mongolia on Sunday to prevent residents from staging a planned mass protest after the hit-and-run death of a herder sparked six days of protests by ethnic Mongolians.
Published 30 May, 2011 12:00am
Sunglasses ban for Vietnam police

Sunglasses ban for Vietnam police

Communist Vietnam has banned police from wearing black sunglasses, chatting, smoking and putting their hands in their pockets while they are on duty in public places, a media report said. Under a new order from the Ministry of Public Security, officers mu
Published 30 May, 2011 12:00am
Former Japan Red Army member dies in prison

Former Japan Red Army member dies in prison

Osamu Maruoka, a former member of the notorious Japanese Red Army far-left extremist group, died in a prison hospital in Tokyo Sunday, his supporters said. Maruoka, 60, was serving a life sentence for taking part in a series of hijackings which the organi
Published 30 May, 2011 12:00am
Republican Palin rolls into Washington on a Harley

Republican Palin rolls into Washington on a Harley

US Republican Sarah Palin rolled into Washington on the back of a Harley-Davidson on Sunday, sparking a frenzy of attention and renewed speculation about her 2012 presidential plans.
Published 30 May, 2011 12:00am
Nigeria's Jonathan sworn in for first full term

Nigeria's Jonathan sworn in for first full term

Nigerian President Goodluck Jonathan was sworn in for his first full elected term at the helm of Africa's most populous nation on Sunday, faced with the challenge of driving reform and trying to heal regional rifts.
Published 30 May, 2011 12:00am
Belgrade, Bosnian Serbs protest against Mladic arrest

Belgrade, Bosnian Serbs protest against Mladic arrest

Thousands of Serbian nationalists gathered in Belgrade and in Bosnia on Sunday to protest against the arrest of Bosnian Serb wartime general Ratko Mladic, with many calling him a hero. Supporters of the ultranationalist Serbian Radical Party and other sim
Published 30 May, 2011 12:00am
Algeria says no plans to open border with Morocco

Algeria says no plans to open border with Morocco

Reopening Algeria's border with Morocco is not on the agenda, Algerian Prime Minister Ahmed Ouyahia said on Sunday, dismissing media reports that a thaw over the issue was imminent.
Published 30 May, 2011 12:00am
MONEY WEEK: food for budgetary thoughts

MONEY WEEK: food for budgetary thoughts

When the Mughals handed over the revenue collection power in Bengal to the East India Company, the influence of the foreigners expanded which later translated into two centuries of subjugation of the entire Indian subcontinent. It's been tested and proven
Published 30 May, 2011 12:00am
Two cops killed, three injured in Quetta attack

Two cops killed, three injured in Quetta attack

At least two policemen were killed while three others injured in firing on Spinny road of the provincial capital on Sunday. "Unknown armed men riding bikes opened fire at policemen, killing two and injuring three, including one police official and two pas
Published 30 May, 2011 12:00am
SU notification

SU notification

Director Admissions, University of Sindh has notified that the authorities of the varsity have adopted a procedure for refund of tour fees deposited by the students of Bachelors/Masters, BS Part-IV Honours (Final), Pass (final) and 5th Professional Pharm-
Published 30 May, 2011 12:00am
Working groups formed to identify issues of journalists

Working groups formed to identify issues of journalists

Three working groups were formed at a seminar to formulate and identify the issues in respect of protecting journalists (covering disasters) and their rights (salary, wage board award, professional training).
Published 30 May, 2011 12:00am
LNG import: a quick fix solution

LNG import: a quick fix solution

Sui Southern Gas Company has invited EoIs for Liquefied Natural Gas (LNG) import under a 'third party access regime'. The bidding companies are expected to develop their own LNG Floating Storage Re-gasification Units (FSRUs), arrange their own supply of L
Published 30 May, 2011 12:00am
The week before the budget

The week before the budget

The Pakistani economic team returned from the trip to Dubai (May 11-17) with its collective tail between its collective legs as almost a week long discussions held with International Monetary Fund (IMF) staff ended unsatisfactorily from the perspective of
Published 30 May, 2011 12:00am
Iraqi tribal disputes pose new challenge to oil firms

Iraqi tribal disputes pose new challenge to oil firms

Sitting in his reed meeting house in what was once Iraq's marshes, Sheikh Rashash al-Imara warns of potential trouble if his poor tribesmen are driven off their land by foreign companies digging for oil.
Published 30 May, 2011 12:00am
Malaysia's new rare earth plant provokes radiation fears

Malaysia's new rare earth plant provokes radiation fears

In the quiet town of Gebeng in Malaysia's central state of Pahang, a new rare earth plant has evoked fears of radiation contamination as residents desperately seek to stop the construction of the world's largest such refinery. The plant is expected to mee
Published 30 May, 2011 12:00am
Withdrawal of sales tax exemption

Withdrawal of sales tax exemption

It is with a feeling of doom that I learned that the Finance Minister has withdrawn the exemption on sales tax available to industrial importers of capital machinery and goods through SRO 575(I) 2006. He did this on May 22nd to harmonise with an earlier S
Published 30 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 23 - 28, 2011)

Published 30 May, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (May 29, 2011) and the forecast for Monday (May 30, 2011).

Published 30 May, 2011 12:00am
Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Afghan authorities said on Sunday Nato had killed 52 people, mostly civilians, in air strikes against insurgents as violence picked up in recent weeks with the start of the fighting season. The killing stirred a strong reaction from Afghan President Hamid
Published 30 May, 2011 12:00am
Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Afghan authorities said on Sunday Nato had killed 52 people, mostly civilians, in air strikes against insurgents as violence picked up in recent weeks with the start of the fighting season. The killing stirred a strong reaction from Afghan President Hamid
Published 30 May, 2011 12:00am
'Al Qaeda' gunmen seize southern city: Yemen official

'Al Qaeda' gunmen seize southern city: Yemen official

More than 200 suspected al Qaeda gunmen have taken control of the south Yemen city of Zinjibar after fighting with security forces that left 16 people dead, officials and witnesses said Sunday. The witnesses said that most residents had fled Zinjibar, the
Published 30 May, 2011 12:00am
'Al Qaeda' gunmen seize southern city: Yemen official

'Al Qaeda' gunmen seize southern city: Yemen official

More than 200 suspected al Qaeda gunmen have taken control of the south Yemen city of Zinjibar after fighting with security forces that left 16 people dead, officials and witnesses said Sunday. The witnesses said that most residents had fled Zinjibar, the
Published 30 May, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market during the week ended on May 28, 2011, on easy availability of dollars. On the interbank market, the rupee gained 55 paisa versus dollar for buying and selling at 85.80 and 85.85.
Published 30 May, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market during the week ended on May 28, 2011, on easy availability of dollars. On the interbank market, the rupee gained 55 paisa versus dollar for buying and selling at 85.80 and 85.85.
Published 30 May, 2011 12:00am
US urged to help overcome energy crisis

US urged to help overcome energy crisis

Prime Minister Yousuf Raza Gilani said on Sunday that the government has sought US assistance to overcome load shedding in the country for providing immediate relief to the masses. During a meeting with journalists at his residence here, he said that the
Published 30 May, 2011 12:00am
US urged to help overcome energy crisis

US urged to help overcome energy crisis

Prime Minister Yousuf Raza Gilani said on Sunday that the government has sought US assistance to overcome load shedding in the country for providing immediate relief to the masses. During a meeting with journalists at his residence here, he said that the
Published 30 May, 2011 12:00am
US urged to help overcome energy crisis

US urged to help overcome energy crisis

Prime Minister Yousuf Raza Gilani said on Sunday that the government has sought US assistance to overcome load shedding in the country for providing immediate relief to the masses. During a meeting with journalists at his residence here, he said that the
Published 30 May, 2011 12:00am
JIT formed to investigate Mehran airbase attack

JIT formed to investigate Mehran airbase attack

The Sindh government has formed a Joint Interrogation Team (JIT) on the directives of the Federal Government to investigate the attack on Pakistan Navy Airbase at Sharae-Faisal by terrorists here on May 22. "An eight-member team has been formed comprising
Published 30 May, 2011 12:00am
JIT formed to investigate Mehran airbase attack

JIT formed to investigate Mehran airbase attack

The Sindh government has formed a Joint Interrogation Team (JIT) on the directives of the Federal Government to investigate the attack on Pakistan Navy Airbase at Sharae-Faisal by terrorists here on May 22. "An eight-member team has been formed comprising
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
FED recovery period to be enhanced

FED recovery period to be enhanced

The government has decided to enhance the time period of recovery of federal excise duty (FED) from three years to past five years through a major amendment in section 14 of the Federal Excise Act 2005 in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
FED recovery period to be enhanced

FED recovery period to be enhanced

The government has decided to enhance the time period of recovery of federal excise duty (FED) from three years to past five years through a major amendment in section 14 of the Federal Excise Act 2005 in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
FED recovery period to be enhanced

FED recovery period to be enhanced

The government has decided to enhance the time period of recovery of federal excise duty (FED) from three years to past five years through a major amendment in section 14 of the Federal Excise Act 2005 in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Cut in WHT on cash from banks likely

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Cut in WHT on cash from banks likely

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Cut in WHT on cash from banks likely

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
International wheat buyers drop rates

International wheat buyers drop rates

While the lifting of Pakistani wheat progressed smoothly in bulk ships and containers, exporters, being naive in this trade, indulged in price war, resulting in prices going down considerably in international market, according to leading wheat exporters h
Published 30 May, 2011 12:00am
International wheat buyers drop rates

International wheat buyers drop rates

While the lifting of Pakistani wheat progressed smoothly in bulk ships and containers, exporters, being naive in this trade, indulged in price war, resulting in prices going down considerably in international market, according to leading wheat exporters h
Published 30 May, 2011 12:00am
International wheat buyers drop rates

International wheat buyers drop rates

While the lifting of Pakistani wheat progressed smoothly in bulk ships and containers, exporters, being naive in this trade, indulged in price war, resulting in prices going down considerably in international market, according to leading wheat exporters h
Published 30 May, 2011 12:00am
WEBOC launched by FBR at PQA proves failure

WEBOC launched by FBR at PQA proves failure

The newly launched Web Based One Customs (WEBOC) of Federal Board of Revenue (FBR), introduced at Port Qasim, remains a failure as the authorities have not issued IDs and passwords to it users. According to details available here, the system was launched
Published 30 May, 2011 12:00am
WEBOC launched by FBR at PQA proves failure

WEBOC launched by FBR at PQA proves failure

The newly launched Web Based One Customs (WEBOC) of Federal Board of Revenue (FBR), introduced at Port Qasim, remains a failure as the authorities have not issued IDs and passwords to it users. According to details available here, the system was launched
Published 30 May, 2011 12:00am
WEBOC launched by FBR at PQA proves failure

WEBOC launched by FBR at PQA proves failure

The newly launched Web Based One Customs (WEBOC) of Federal Board of Revenue (FBR), introduced at Port Qasim, remains a failure as the authorities have not issued IDs and passwords to it users. According to details available here, the system was launched
Published 30 May, 2011 12:00am
Government-proposed Rs 3.8 trillionn outlay rejected by IMF

Government-proposed Rs 3.8 trillionn outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF).
Published 30 May, 2011 12:00am
Government-proposed Rs 3.8 trillionn outlay rejected by IMF

Government-proposed Rs 3.8 trillionn outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF).
Published 30 May, 2011 12:00am
Government-proposed Rs 3.8 trillionn outlay rejected by IMF

Government-proposed Rs 3.8 trillionn outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF).
Published 30 May, 2011 12:00am
Defence secretary arrives in India

Defence secretary arrives in India

Pakistan's Defence Secretary Syed Athar Ali arrived in New Delhi on Sunday to hold talks with Indian Defence Secretary. The 12th round of talks between Pakistan and India would begin in New Delhi on Monday. Pakistan wants to resolve all outstanding issues
Published 30 May, 2011 12:00am
Defence secretary arrives in India

Defence secretary arrives in India

Pakistan's Defence Secretary Syed Athar Ali arrived in New Delhi on Sunday to hold talks with Indian Defence Secretary. The 12th round of talks between Pakistan and India would begin in New Delhi on Monday. Pakistan wants to resolve all outstanding issues
Published 30 May, 2011 12:00am
Bullish trend on share market

Bullish trend on share market

Bullish trend was witnessed at Karachi share market during the week on May 28, 2011 on expectations of some tax incentives for capital market in the coming budget for 2011-12, to be announced on June 3, 2011. The market witnessed positive trend throughout
Published 30 May, 2011 12:00am
Bullish trend on share market

Bullish trend on share market

Bullish trend was witnessed at Karachi share market during the week on May 28, 2011 on expectations of some tax incentives for capital market in the coming budget for 2011-12, to be announced on June 3, 2011. The market witnessed positive trend throughout
Published 30 May, 2011 12:00am
Bullish trend on share market

Bullish trend on share market

Bullish trend was witnessed at Karachi share market during the week on May 28, 2011 on expectations of some tax incentives for capital market in the coming budget for 2011-12, to be announced on June 3, 2011. The market witnessed positive trend throughout
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
JUI-F chief tells leaders to stop supporting US

JUI-F chief tells leaders to stop supporting US

Jamiat Ulema-e-Islam-F (JUI-F) Chief Maulana Fazlur Rahman on Sunday said that politics of fear were being played throughout the world and that Pakistan, along with other Muslim countries was being made a target of the bloodshed.
Published 30 May, 2011 12:00am
JUI-F chief tells leaders to stop supporting US

JUI-F chief tells leaders to stop supporting US

Jamiat Ulema-e-Islam-F (JUI-F) Chief Maulana Fazlur Rahman on Sunday said that politics of fear were being played throughout the world and that Pakistan, along with other Muslim countries was being made a target of the bloodshed.
Published 30 May, 2011 12:00am
Lockheed Martin says it repelled cyber attack

Lockheed Martin says it repelled cyber attack

Lockheed Martin, one of the world's largest defence contractors, was on Sunday investigating the source of a major cyber-attack one week ago against its information network, the company said. "Lockheed Martin detected a significant and tenacious attack on
Published 30 May, 2011 12:00am
Lockheed Martin says it repelled cyber attack

Lockheed Martin says it repelled cyber attack

Lockheed Martin, one of the world's largest defence contractors, was on Sunday investigating the source of a major cyber-attack one week ago against its information network, the company said. "Lockheed Martin detected a significant and tenacious attack on
Published 30 May, 2011 12:00am
July-March period: $136.5 million received from US

July-March period: $136.5 million received from US

The USA disbursed $136.5 million to Pakistan during the first three quarters of this financial year (July 2010 to March 2011), while total amount received from Germany and Japan during the same period was $137.6 million.
Published 30 May, 2011 12:00am
July-March period: $136.5 million received from US

July-March period: $136.5 million received from US

The USA disbursed $136.5 million to Pakistan during the first three quarters of this financial year (July 2010 to March 2011), while total amount received from Germany and Japan during the same period was $137.6 million.
Published 30 May, 2011 12:00am
July-March period: $136.5 million received from US

July-March period: $136.5 million received from US

The USA disbursed $136.5 million to Pakistan during the first three quarters of this financial year (July 2010 to March 2011), while total amount received from Germany and Japan during the same period was $137.6 million.
Published 30 May, 2011 12:00am
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