BR100 Decreased By (-0.06%)
BR30 Increased By (1.22%)
KSE100 Decreased By (-0.07%)
KSE30 Decreased By (-0.47%)
AGHA 7.69 Decreased By ▼ -0.05 (-0.65%)
BECO 5.24 Decreased By ▼ -0.05 (-0.95%)
BML 60.22 Increased By ▲ 0.21 (0.35%)
BOP 35.28 Decreased By ▼ -1.18 (-3.24%)
CNERGY 13.13 Increased By ▲ 1.19 (9.97%)
CSIL 6.11 Decreased By ▼ -0.06 (-0.97%)
FCCL 57.97 Increased By ▲ 0.61 (1.06%)
FFL 16.42 Decreased By ▼ -0.16 (-0.97%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.48 Increased By ▲ 0.16 (2.19%)
KOSM 6.04 Decreased By ▼ -0.01 (-0.17%)
LOTCHEM 27.75 Increased By ▲ 0.61 (2.25%)
MLCF 102.98 Increased By ▲ 0.91 (0.89%)
NBP 206.04 Decreased By ▼ -0.31 (-0.15%)
NCPL 62.24 Decreased By ▼ -0.38 (-0.61%)
NPL 71.29 Decreased By ▼ -0.69 (-0.96%)
OGDC 323.78 Increased By ▲ 4.59 (1.44%)
PACE 11.51 Increased By ▲ 0.13 (1.14%)
PAEL 43.90 Increased By ▲ 0.02 (0.05%)
PIBTL 16.68 Decreased By ▼ -0.16 (-0.95%)
PPL 229.47 Increased By ▲ 7.92 (3.57%)
PRL 70.11 Increased By ▲ 6.36 (9.98%)
PTC 72.15 Decreased By ▼ -0.26 (-0.36%)
SSGC 27.11 Decreased By ▼ -0.17 (-0.62%)
TBL 9.86 No Change ▼ 0.00 (0%)
TELE 8.72 Increased By ▲ 0.10 (1.16%)
TPL 22.62 Increased By ▲ 1.94 (9.38%)
TPLP 15.68 Increased By ▲ 0.70 (4.67%)
TREET 24.21 Increased By ▲ 0.11 (0.46%)
TRG 61.13 Decreased By ▼ -2.16 (-3.41%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-06-03
Budget 2011-12 at a glance
Top News

Budget 2011-12 at a glance

ISLAMABAD: Following is the National Budget for fiscal year 2011-12 at a glance, presented by Federal Minister for Finan
Published 03 Jun, 2011 06:11pm
U.S. wheat, soy hits high
Commodities

U.S. wheat, soy hits high

SINGAPORE : U.S. wheat rose on Friday, on track for a second day of gains, helped by doubts that exports from the Bla
Published 03 Jun, 2011 12:42pm
China contacts Libyan rebels
Africa

China contacts Libyan rebels

TRIPOLI : China made its first confirmed contact with Libyan rebels in the latest diplomatic setback for Muammar Qaddafi
Published 03 Jun, 2011 11:33am
'ZTBL to open 150 new branches'
Top News

'ZTBL to open 150 new branches'

MULTAN : Zarai Taraqiati Bank (ZTBL) President Ch Zaka Ashraf said the bank was bringing about a revolution in agricu
Published 03 Jun, 2011 11:16am
Turkey 2011 growth seen around 6 pc
Top News

Turkey 2011 growth seen around 6 pc

ISTANBUL : The Turkish economy is expected to have grown around 9-10 percent in the first quarter and is seen growing ar
Published 03 Jun, 2011 06:05am
Malaysia exports up 11.1pc in April
Top News

Malaysia exports up 11.1pc in April

KUALA LUMPUR : Malaysia said Friday its exports, the mainstay of the country's economy, grew 11.1 percent year-on-y
Published 03 Jun, 2011 04:43am
Oil up in Asia as dollar weakens
Energy

Oil up in Asia as dollar weakens

SINGAPORE : oil rose in Asian trade Friday as a weak US currency spurred investor interest in dollar-priced commoditi
Published 03 Jun, 2011 03:43am
Revenue Division gets Rs1970mn in PSDP
Top News

Revenue Division gets Rs1970mn in PSDP

ISLAMABAD: The government has earmarked Rs1970 million for 38 ongoing projects of Revenue Division in Public Sector Deve
Published 03 Jun, 2011 12:00am
The 2020 dream
BR Research

The 2020 dream

More than 2.5 billion adults in developing countries are financially excluded but have mobile phones, according to a recent study conducted
Published 03 Jun, 2011 12:00am
T-bill auction - a hard sell
BR Research

T-bill auction - a hard sell

In this era of efficient markets, its safe to assume that most of the times, significance of a law of supply-demand in determining cost of m
Published 03 Jun, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

The most-active August copper contract on the Shanghai Futures Exchange fell 1 percent to 67,660 yuan per tonne on Thursday. Traders said LME copper remained $550 a tonne or so above where Chinese buyers would be comfortable buying, while Shanghai would s
Published 03 Jun, 2011 12:00am
Oil rises on dollar

Oil rises on dollar

Oil prices rose on Thursday in volatile trading as the dollar weakened and the euro rallied on news that eurozone officials have agreed in principal on a new program for debt-laden Greece. News of an explosion and fire at Chevron's refinery at Pembroke in
Published 03 Jun, 2011 12:00am
Government makes Parliament redundant: Imran

Government makes Parliament redundant: Imran

The Parliament has been made redundant and a mere bystander as the government is not serious in implementing the resolutions passed by the Joint Session of the Parliament. In a press statement issued here on Thursday, Pakistan Tehreek-e-Insaf (PTI) Chairm
Published 03 Jun, 2011 12:00am
Former MPA's resignation: LHC seeks replies by June 23

Former MPA's resignation: LHC seeks replies by June 23

Lahore High Court here Thursday sought replies from PML-N senior leader Sardar Zulfiqar Khan Khosa, its senator Pervez Rasheed and MNA Khawaja Saad Rafique by June 23 in a petition of party's former MPA Shumaila Rana seeking restoration of her assembly se
Published 03 Jun, 2011 12:00am
Reshuffle of Punjab bureaucracy

Reshuffle of Punjab bureaucracy

The Punjab government has on Thursday reshuffled several senior provincial officials. According to a notification, Captain Asif Anjum (Retd), Additional Secretary, Punjab Home Department, has been transferred and posted as DCO Okara, replacing Babar Shafi
Published 03 Jun, 2011 12:00am
Need to sensitise law enforcers about women workforce protection

Need to sensitise law enforcers about women workforce protection

Resident Director, Aurat Foundation, Mehnaz Rehman has urged for urgent sensitisation of law enforcers about the Protection Against Harassment of Women at Work-Place Act. Talking to APP on Thursday, she said sections of society including cops, lawyers and
Published 03 Jun, 2011 12:00am
LCCI concerned over PTCL officials' inefficiency

LCCI concerned over PTCL officials' inefficiency

The Lahore Chamber of Commerce and Industry has expressed its concern over the inefficiency on the part of Pakistan Telecommunication Company Limited (PTCL)'s officials who have failed to restore telephone service in most of the area of Badami Bagh.
Published 03 Jun, 2011 12:00am
Journalists hold protest rally against Shahzad's murder

Journalists hold protest rally against Shahzad's murder

All journalist organisations, along with other rights activists held a protest rally against the brutal assassination of Asia Times Online Bureau Chief Saleem Shahzad on Thursday. More than 100 journalists, photographers, and member of civil society stage
Published 03 Jun, 2011 12:00am
Increase in mango production: agriculture extension wing lacks policy

Increase in mango production: agriculture extension wing lacks policy

Agriculture Extension Wing has no policy regarding the enhancement of Mango production; well-informed sources of inside the department have disclosed this to Business Recorder here on Thursday. Agriculture Extension Wing is the government body, whi
Published 03 Jun, 2011 12:00am
Economic challenges: response not befitting enough

Economic challenges: response not befitting enough

The Economic Survey for 2010-11 reflects two divergently opposite trends with respect to the performance of economy. On one side of the spectrum is the poor performance of our major macroeconomic indicators that include Gross Domestic Product growth and i
Published 03 Jun, 2011 12:00am
Open government and right to information

Open government and right to information

Open government is the governing doctrine, which holds that citizens have the right to access the documents and proceedings of the government to allow for effective public supervision (see Wikipedia: http://en.wikipedia.org/wiki/Open_government].
Published 03 Jun, 2011 12:00am
Please Mr Nawaz Sharif...

Please Mr Nawaz Sharif...

Corruption is the problem of problems in the world of today. Corruption destroys the fabric of society. If individuals are involved in corruption it is dangerous but when leaders indulge in it, it becomes incurable. It destroys countries and nations as we
Published 03 Jun, 2011 12:00am
Economic Survey 2010-11: Overview of economy

Economic Survey 2010-11: Overview of economy

I. INTRODUCTION: The economy of Pakistan has been undergoing a stabilisation phase since the last three years. The restoration of macroeconomic stability is important and necessary to provide the platform for generating growth, jobs, and improving
Published 03 Jun, 2011 12:00am
Economic Survey 2010-11: Overview of economy

Economic Survey 2010-11: Overview of economy

I. INTRODUCTION: The economy of Pakistan has been undergoing a stabilisation phase since the last three years. The restoration of macroeconomic stability is important and necessary to provide the platform for generating growth, jobs, and improving
Published 03 Jun, 2011 12:00am
Economic Survey 2010-11: Overview of economy

Economic Survey 2010-11: Overview of economy

I. INTRODUCTION: The economy of Pakistan has been undergoing a stabilisation phase since the last three years. The restoration of macroeconomic stability is important and necessary to provide the platform for generating growth, jobs, and improving
Published 03 Jun, 2011 12:00am
Nawaz meets President, condoles Hakim Ali Zardari's death

Nawaz meets President, condoles Hakim Ali Zardari's death

Pakistan Muslim League (PML-N) chief Nawaz Sharif on Thursday called on President Asif Ali Zardari and offered condolence over the death of his father the late Hakim Ali Zardari. Giving details of his visit to the president house, Mian Nawaz Sharif told m
Published 03 Jun, 2011 12:00am
NTC sans chairman causing businessmen concern

NTC sans chairman causing businessmen concern

The National Tariff Commission (NTC) is functioning without a permanent Chairman for the last one year causing a great concern for the local businessmen and investors engaged in import of raw materials and finished products. Sources told Business Recor
Published 03 Jun, 2011 12:00am
Direct taxes ratio in 2010-11: share of income tax rises significantly

Direct taxes ratio in 2010-11: share of income tax rises significantly

The share of income tax has risen significantly from around 31 percent in 1999-2000 to 39 percent in 2010-11, says Economic Survey (2010-11) issued here on Thursday. According to the Survey, the internal structure of taxation has undergone substantial cha
Published 03 Jun, 2011 12:00am
Health Ministry executing 82 uplift schemes for fiscal year 2010-11

Health Ministry executing 82 uplift schemes for fiscal year 2010-11

Ministry of Health is executing currently a total of 82 development schemes with PSDP allocation of Rs 16.9 billion for FY2010-11, reveals the Economic Survey 2010-11. Against this allocation, Rs 7.411 billion has already been released by the Planning Com
Published 03 Jun, 2011 12:00am
Zardari to attend SCO Summit at Astana on June 15

Zardari to attend SCO Summit at Astana on June 15

President Asif Ali Zardari will lead Pakistan's delegation to the Summit of Shanghai Co-operation Organisation (SCO), being held in Astana, Kazakhstan on June 15. Foreign office spokesperson Tehmina Janjua, giving details of the visit of President Zardari
Published 03 Jun, 2011 12:00am
Mining sector suffers for want of security

Mining sector suffers for want of security

The government failure to address the security concerns of foreign companies in mining sector and federal/ provincial disputes pushed the mineral sector to negative zone in first three quarter of current fiscal year, according to Pakistan Economic Survey
Published 03 Jun, 2011 12:00am
How much tax does finance minister pay?

How much tax does finance minister pay?

When asked by Business Recorder how much tax he pays annually to this country Dr Hafeez Sheikh stated that he pays tax on his income (which he indicated was no more Rs 40,000 to Rs 50,000 as Minister of Finance) and a tax on some property he owns i
Published 03 Jun, 2011 12:00am
Economic Survey 2010-11: Financial markets witness slowdown

Economic Survey 2010-11: Financial markets witness slowdown

Pakistan's financial markets have witnessed slowdown in the deposit mobilisation and profitability in the sector, however, generally the financial sector remained immune to contagion of the global financial crisis. According to Economic Survey 2010-11 Pak
Published 03 Jun, 2011 12:00am
FBR recovers Rs 1.6 billion from illegal input tax adjustments

FBR recovers Rs 1.6 billion from illegal input tax adjustments

Chairman Federal Board of Revenue (FBR) Salman Siddique has said that the tax machinery has successfully recovered illegal input tax adjustment to the tune of Rs 1.6 billion in the wake of current administrative and enforcement measures in last quarter (A
Published 03 Jun, 2011 12:00am
Rs 2.15 billion disbursed as dividend under BESOS

Rs 2.15 billion disbursed as dividend under BESOS

Under Benazir Employees Stock Option Scheme (BESOS), the Privatisation Commission disbursed an amount of Rs 2.15 billion as dividend and another Rs 1.1 billion on account of buy-back claims by employees. According to Pakistan Economic Survey 2010-11 relea
Published 03 Jun, 2011 12:00am
SBP's Prism offers sound risk management system

SBP's Prism offers sound risk management system

The development of Pakistan Real-time Interbank Settlement Mechanism (Prism) system was started as a response to the growing awareness of the need for sound risk management in settlement of high-value funds transfers to Pakistan.
Published 03 Jun, 2011 12:00am
Literacy rate remains higher in urban areas

Literacy rate remains higher in urban areas

The overall literacy rate (age 10 years and above) is 57.7 percent (69.5 percent for male and 45.2 percent for female) compared to 57.4 percent (69.3 percent for male and 44.7 percent for female) for 2008-09, said the Economic Survey 2010-11.
Published 03 Jun, 2011 12:00am
'Government has missed all economic targets'

'Government has missed all economic targets'

Provincial President PPP-Sherpao and MPA Sikandar Khan Sherpao Thursday criticised that the government has missed all economic targets set in present financial years, saying that the inflation ratio was swelled in wake of poor monetary policy.
Published 03 Jun, 2011 12:00am
Government giving top priority to Balochistan uplift: Prime Minister

Government giving top priority to Balochistan uplift: Prime Minister

Prime Minister, Syed Yousuf Raza Gilani on Thursday said the government is giving top priority to the uplift of underdeveloped regions, particularly Balochistan, where development schemes have been launched. Besides the enhanced allocation of funds under
Published 03 Jun, 2011 12:00am
Shahbaz orders action against qabza mafia, extortionists

Shahbaz orders action against qabza mafia, extortionists

Punjab Chief Minister Shahbaz Sharif has ordered strict action against Qabza Mafia, extortionists and thugs throughout the province. According to a press release issued by DGPR here on Thursday, he was presiding over a high level meeting to review law and
Published 03 Jun, 2011 12:00am
Aptma assured of power supply restoration

Aptma assured of power supply restoration

Lahore Electricity Supply Company (Lesco) management has assured All Pakistan Textile Mills Association (Aptma), Punjab of restoring electricity supply to the textile industry.
Published 03 Jun, 2011 12:00am
Munawar for recovery of taxes from 'bigwigs'

Munawar for recovery of taxes from 'bigwigs'

The Jamaat-e-Islami (JI) chief, Syed Munawar Hasan, has called for 100 percent pay raise for government employees in the next budget along with cut in non-development expenditure and recovery of taxes from the 'bigwigs'. In a statement, here on Thursday,
Published 03 Jun, 2011 12:00am
Paintings exhibition

Paintings exhibition

An exhibition of paintings titled 'Poetry on canvas' by Aslam Kamal will be inaugurated on June 4 at Contemporary Paintings Gallery, Lahore Museum. The exhibition was being held in collaboration with Pakistan Cultural Heritage Caravan Society, said Restor
Published 03 Jun, 2011 12:00am
LHC reprimands TMO Shalimar over cutting of trees

LHC reprimands TMO Shalimar over cutting of trees

The Lahore High Court (LHC) here on Thursday strongly admonishing TMO Shalimar Town on the issue of cutting trees from a green belt in Shadbagh Scheme-II area allegedly to set up a food street directed him to submit his report by June 6 positively. "No on
Published 03 Jun, 2011 12:00am
APCMA seeks government's help

APCMA seeks government's help

All Pakistan Cement Manufacturers Association (APCMA) has appealed to the government to come to rescue of the ailing cement industry which has suffered net accumulated losses of Rs 1.4 billion during the first 09 months of the current fiscal.
Published 03 Jun, 2011 12:00am
'Equipping youths with modern knowledge need of hour'

'Equipping youths with modern knowledge need of hour'

Punjab Chief Minister Shahbaz Sharif has said that it is the need of the hour to equip the young generation with modern knowledge and Punjab government is implementing a comprehensive programme for promotion of Information Technology in the province. He s
Published 03 Jun, 2011 12:00am
Government urged to refrain from taking loans

Government urged to refrain from taking loans

Pakistan Tahreek-e-Insaf (PTI) has proposed to the federal government to refrain from taking more foreign loans, levy direct taxes and avoid indirect taxes. While announcing budget proposals in a press conference here on Thursday, PTI Punjab President Ahs
Published 03 Jun, 2011 12:00am
Huge quantity of non-duty paid cigarettes seized

Huge quantity of non-duty paid cigarettes seized

Directorate, Intelligence & Investigation FBR seized huge quantity of non-duty /tax paid cigarettes worth Rs 39, 75,450 here on Thursday. A spokesman of the Directorate said that DG, I& I Islamabad had provided specific information that a huge quantity of
Published 03 Jun, 2011 12:00am
Traders, fishermen see no practical measures in upcoming budget

Traders, fishermen see no practical measures in upcoming budget

Fishermen and traders don't see that any practical measures would be taken in 2011-12 budget for boosting trade and infrastructure development. They feared surge in inflation and unemployment with the worsening energy crisis. Talking to Business Record
Published 03 Jun, 2011 12:00am
Traders, fishermen see no practical measures in upcoming budget

Traders, fishermen see no practical measures in upcoming budget

Fishermen and traders don't see that any practical measures would be taken in 2011-12 budget for boosting trade and infrastructure development. They feared surge in inflation and unemployment with the worsening energy crisis. Talking to Business Record
Published 03 Jun, 2011 12:00am
Khyber Pakhtunkhwa PTA reduces transport fares

Khyber Pakhtunkhwa PTA reduces transport fares

The Provincial Transport Authority (PTA) Khyber Pakhtunkhwa has issued the new revised fare rates on inter provincial and inter city routes in light of the decreased diesel prices of Rs 94 per litre. All Secretaries of Regional Transport Authorities in Kh
Published 03 Jun, 2011 12:00am
No nation can progress in isolation: Prime Minister

No nation can progress in isolation: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday said that in the globalised world no nation can progress in isolation and the formation of partnerships based on mutuality of interests is a sine qua non to fast-paced development. Pakistan, he maintained
Published 03 Jun, 2011 12:00am
Detecting fake consignment of Wet Blue Leather: PTA congratulates PaCCS

Detecting fake consignment of Wet Blue Leather: PTA congratulates PaCCS

The Pakistan Tanners Association appreciates the steps taken by the Customs Model Collectorate (PaCCS), Karachi for detecting and confiscating 3-containers by a Company named M/s Leather Cotex, Kasur. This firm is not a member of PTA has tried to deprive
Published 03 Jun, 2011 12:00am
Detecting fake consignment of Wet Blue Leather: PTA congratulates PaCCS

Detecting fake consignment of Wet Blue Leather: PTA congratulates PaCCS

The Pakistan Tanners Association appreciates the steps taken by the Customs Model Collectorate (PaCCS), Karachi for detecting and confiscating 3-containers by a Company named M/s Leather Cotex, Kasur. This firm is not a member of PTA has tried to deprive
Published 03 Jun, 2011 12:00am
Islamabad Police committed to ensuring protection of human rights: IGP

Islamabad Police committed to ensuring protection of human rights: IGP

Islamabad Police is committed to ensure protection of human rights and it will be made more tolerant towards criminals and civilians in accordance with the laws, said Inspector General of Police (IGP) Islamabad Wajid Ali Durrani here on Thursday.
Published 03 Jun, 2011 12:00am
Decrease in POL prices to provide relief to common man: Gilani

Decrease in POL prices to provide relief to common man: Gilani

Prime Minister Syed Yousuf Raza Gilani said the prices of petroleum products have been reduced to provide relief to the common man. This decision has taken in the wake of decrease in the petroleum prices in international market, he added. The Prime Minist
Published 03 Jun, 2011 12:00am
'Khyber Pakhtunkhwa most vulnerable to Swine flu'

'Khyber Pakhtunkhwa most vulnerable to Swine flu'

Health experts at a media orientation workshop pointed out that Khyber Pakhtunkhwa is more prevalent regarding Swine-flu, as most of the cases of influenza H1 and N1 were reported in the area, and stressed upon the media to play due role for creation of a
Published 03 Jun, 2011 12:00am
PN playing crucial role in combating piracy

PN playing crucial role in combating piracy

Threats posed to the country's economy due to rise in piracy incidents at sea, has necessitated a more dynamic role for Pakistan Navy (PN) to safeguard our maritime interests. PN, in addition to co-operative maritime security is also undertaking independe
Published 03 Jun, 2011 12:00am
Geelani placed under house arrest

Geelani placed under house arrest

Authorities placed veteran Kashmiri Hurriyet leader in Indian occupied Kashmir Syed Ali Geelani under house arrest on Thursday. Syed Ali Geelani was placed under house arrest to prevent him from carrying forward his awareness campaign regarding the issue
Published 03 Jun, 2011 12:00am
Journalists condemn Shahzad's assassination

Journalists condemn Shahzad's assassination

Journalists on Thursday staged a protest demonstration against the cold-blooded murder of a renowned journalist, Saleem Shahzad and demanded of the government to arrest the killers without further delay. Dozens of members of the journalist fraternity took
Published 03 Jun, 2011 12:00am
Foreign office condemns murder

Foreign office condemns murder

Foreign Office on Thursday condemned the brutal murder of renowned journalist, Syed Saleem Shahzad Bureau Chief of Asia Times Online Magazine on May 31 and demanded that the preparatory who committed the crime must be brought to justice. The journalists w
Published 03 Jun, 2011 12:00am
PFUJ announces countrywide protest today

PFUJ announces countrywide protest today

The Pakistan Federal Union of Journalists (PFUJ) on Thursday announced country wide demonstration on June 3 and rallies to protest against killing of Syed Saleem Shahzad. PFUJ will also observe two days mourn over killing of Shahzad.
Published 03 Jun, 2011 12:00am
Two bullet-riddled bodies found

Two bullet-riddled bodies found

Levies Force recovered two bullet-riddled bodies from the Coastal Highway area of Lasbella district on Thursday. Levies Force, acting on a tipoff, found two decomposed bodies, which were shifted to Uthal hospital. The deceased were identified as Muhammad
Published 03 Jun, 2011 12:00am
Bengali suggests 10th June for Sindh Budget

Bengali suggests 10th June for Sindh Budget

Advisor to Chief Minister Sindh for Planning and Development Dr Kaiser Bengali has suggested high ups of Sindh government to table the Provincial Budget 2011-12 in the Sindh assembly on 10th June. This he said while talking to Business Recorder her
Published 03 Jun, 2011 12:00am
Bengali suggests 10th June for Sindh Budget

Bengali suggests 10th June for Sindh Budget

Advisor to Chief Minister Sindh for Planning and Development Dr Kaiser Bengali has suggested high ups of Sindh government to table the Provincial Budget 2011-12 in the Sindh assembly on 10th June. This he said while talking to Business Recorder her
Published 03 Jun, 2011 12:00am
'Futures contract in cotton provides regulated platform for investors'

'Futures contract in cotton provides regulated platform for investors'

Answering criticism in respect of approving trading of futures contract in cotton at the Pakistan Mercantile Exchange Limited (PMEX), the SECP has reiterated that the concerns raised in this regard are unsubstantiated. The SECP granted this approval after
Published 03 Jun, 2011 12:00am
B Com annual exams 2009-10: glaring irregularities unearthed

B Com annual exams 2009-10: glaring irregularities unearthed

Examination copies of those candidates, who did not even appear in B.Com annual examinations 2009-10 (both regular and private), held under the auspices of Karachi University, at their designated centres, were incorporated in the sealed bundles of examina
Published 03 Jun, 2011 12:00am
People expecting poor-friendly budget

People expecting poor-friendly budget

All eyes are on the budget for the fiscal year 2011-12, as the people of the country have great expectations of getting some relief in the coming budget. Every year, the government presents businessmen-friendly budget providing no relief to the poor segme
Published 03 Jun, 2011 12:00am
People expecting poor-friendly budget

People expecting poor-friendly budget

All eyes are on the budget for the fiscal year 2011-12, as the people of the country have great expectations of getting some relief in the coming budget. Every year, the government presents businessmen-friendly budget providing no relief to the poor segme
Published 03 Jun, 2011 12:00am
Re-arrest of Ghulam Nabi denounced

Re-arrest of Ghulam Nabi denounced

In Indian occupied Kashmir, veteran Kashmiri Hurriyet leader Syed Ali Gilani has denounced the unlawful re-arrest of Hurriyet leader Ghulam Nabi Sumjhi by Indian police despite court orders to release him. The spokesman of the forum in a statement issued
Published 03 Jun, 2011 12:00am
Last three years' growth lowest in three decades

Last three years' growth lowest in three decades

Pakistan's 3-year (FY09-11) average economic growth during the incumbent PPP-led government stood lowest in last 3-decade at 2.6 percent. During the same period developing Asian countries grew by 8.4 per cent with India, Sri Lanka and Bangladesh showing a
Published 03 Jun, 2011 12:00am
SPPRA prepares draft regulations for procurement of works

SPPRA prepares draft regulations for procurement of works

To stall the scourge of corruption, Sindh Public Procurement Regulatory Authority (SPPRA) has prepared draft regulations for procurement of works in the province. Under section 27 of Sindh Public Procurement (SPP) Act - 2009, SPPRA has the powers to make
Published 03 Jun, 2011 12:00am
Telecom sector pays Rs 109.05 billion taxes

Telecom sector pays Rs 109.05 billion taxes

Pakistan Telecommunication Authority (PTA) deposited Rs 13.56 billion in the FY 2009-10 to the national exchequer, while telecom sector contributed Rs 109.05 billion in the form of taxes. According to the Quarterly Report 2011 issued by PTA here on Thursd
Published 03 Jun, 2011 12:00am
Budget session: Federal Capital put on high alert

Budget session: Federal Capital put on high alert

The Federal Capital was put under heavy security blanket for Federal Budget 2011-12 session of the Parliament here on Friday. Extra deployment of Rangers, anti-Terrorist Squad and Islamabad Police were deputed to avert any untoward incident in Islamabad.
Published 03 Jun, 2011 12:00am
National Party leader shot dead

National Party leader shot dead

National Party leader and former Tehsil Nazim Dr Naseem Jangian was shot dead here in the outskirts of Turbat town on Thursday. According to local police, unidentified-armed assailants opened fire at Dr Jangian leaving him critically injured. He succumbed
Published 03 Jun, 2011 12:00am
'Khyber Pakhtunkhwa government to present people-friendly budget'

'Khyber Pakhtunkhwa government to present people-friendly budget'

Chief Minister, Khyber Pakhtunkhwa Ameer Haider Khan Hoti has said that the upcoming provincial budget will be people friendly and a step forward towards self-sufficiency. Talking to provincial legislators who called on him here at Chief Minister's Secret
Published 03 Jun, 2011 12:00am
Indian trooper in IHK commits suicide

Indian trooper in IHK commits suicide

In Occupied Kashmir, an Indian trooper committed suicide by shooting himself with his service rifle in Reasi district, Kashmir Media Service reported on Thursday. The trooper of 54 Rashtriya Rifles shot himself dead during guard duty at Talwara Army Camp
Published 03 Jun, 2011 12:00am
Implementation mechanism details for APTTA finalised

Implementation mechanism details for APTTA finalised

The final draft containing implementation mechanism of new Afghanistan-Pakistan Transit Trade Agreement (APTTA) has been referred to both the governments for final approval. Contents of the draft were approved in the recent Pak-Afghan foreign secretaries'
Published 03 Jun, 2011 12:00am
B Ed admissions at SU

B Ed admissions at SU

The University of Sindh has announced admissions to B.Ed, morning and evening regular programmes, under the faculty of education for Fall Session 2011, here on Thursday. Interested candidates having Bachelors degree in science, arts, commerce or education
Published 03 Jun, 2011 12:00am
Government to remove deprivation of underdeveloped areas

Government to remove deprivation of underdeveloped areas

Governor Khyber Pakhtunkhwa Barrister Masood Kausar has said that the deprivation of people of underdeveloped areas will be removed, saying situation in FATA is gradually improving and pace of development will also be accelerated. He expressed these views
Published 03 Jun, 2011 12:00am
'ERRA closely collaborating with donors, sponsors'

'ERRA closely collaborating with donors, sponsors'

The seventeenth Board Meeting of ERRA was held here on Thursday. This is the first board meeting after the signing of ERRA Bill by President Asif Ali Zardari, which reconstitutes the ERRA Board with Chief Secretaries of all provinces being members of ERRA
Published 03 Jun, 2011 12:00am
Blacklisting law: Finance Bill to enhance power of IR commissioners

Blacklisting law: Finance Bill to enhance power of IR commissioners

Finance Bill (2011-2012) would further strengthen blacklisting law by enhancing powers of the Commissioners of Inland Revenue to clearly spell out consequences of purchasing goods from blacklisted persons under the Sales Tax Act 1990.
Published 03 Jun, 2011 12:00am
17 die in clashes at Mogadishu

17 die in clashes at Mogadishu

Clashes pitting Somali government forces and their African Union allies against Islamist rebels for control of Mogadishu's main market left at least 17 civilians dead on Thursday, officials said. Many of the victims died when stray artillery fire hit a bu
Published 03 Jun, 2011 12:00am
Petraeus vows to keep civilian deaths to minimum

Petraeus vows to keep civilian deaths to minimum

The top Nato commander in Afghanistan said Thursday that he is committed to reducing the loss of innocent lives to an absolute minimum. The statement marked General David Petraeus' latest attempt to ease President Hamid Karzai's anger over civilian casual
Published 03 Jun, 2011 12:00am
Tata Group cleared in telecom scam

Tata Group cleared in telecom scam

India's federal police agency cleared the country's Tata Group conglomerate on Thursday, saying it had committed no wrongdoing in a massive telecom scandal that has rocked the government. The Central Bureau of Investigation told a court that Tata Telecom,
Published 03 Jun, 2011 12:00am
US power regulator left in dark without electricity

US power regulator left in dark without electricity

The US regulator that oversees the nation's electric power grid has been left in the dark for the past two days and forced to close its Washington headquarters after the lights went out on Tuesday. The power outage left 1,600 customers without electricity
Published 03 Jun, 2011 12:00am
Kashmir dispute could incite nuclear war: Fazl

Kashmir dispute could incite nuclear war: Fazl

The danger of nuclear conflict would continue to lurk in South Asia until Kashmir dispute is resolved in accordance with the wishes of Kashmiri people and United Nations resolutions. Maulana Fazlur Rahman, leader of his own faction of Jamiat Ulama Islam (
Published 03 Jun, 2011 12:00am
Chopper crash: search on for body of DG Rangers Punjab

Chopper crash: search on for body of DG Rangers Punjab

Search operation for the missing Major General Muhammad Nawaz Director General of Rangers Punjab is under way under the supervision of General Officer Commanding (GOC) Multan Major General Sadiq Ali, while three bodies have so far been recovered from the
Published 03 Jun, 2011 12:00am
Pakistan does not wish to be aid-dependent, seeks trade: Haqqani

Pakistan does not wish to be aid-dependent, seeks trade: Haqqani

Pakistan has no desire to depend on foreign assistance forever but seeks greater trade for its sustainable development and US providing easy access for the country's products would both spur economic progress and serve common security interests, Islamabad
Published 03 Jun, 2011 12:00am
'Education in Pakistan: Developmental Milestones' book launched

'Education in Pakistan: Developmental Milestones' book launched

Punjab Education Minister Mian Mujtaba Shuja-ur-Rehman has said that Punjab government has allocated Rs 4 billion in the last budget for the provision of missing facilities in the schools of the province. He was addressing the launching ceremony of book t
Published 03 Jun, 2011 12:00am
UVAS book fair concludes

UVAS book fair concludes

Thousands of books have been sold. University of Veterinary and Animal Sciences (UVAS)'s organised first annual book fair -2011. The students from Ravi campus Pattoki, College of Veterinary Science Jhang and official from livestock and dairy development d
Published 03 Jun, 2011 12:00am
Global war on drugs a failure

Global war on drugs a failure

A high-level international commission declared the global "war on drugs" a failure and urged nations to consider legalising cannabis and other drugs to undermine organised crime and protect their citizens' health. The Global Commission on Drug Policy call
Published 03 Jun, 2011 12:00am
Two Turkish soldiers jailed

Two Turkish soldiers jailed

A Turkish court on Thursday sentenced two military officers to six months in prison for ignoring intelligence that may have prevented the killing of a prominent ethnic Armenian journalist, the state-run news agency reported. Hrant Dink, chief editor of th
Published 03 Jun, 2011 12:00am
Triple blast kills 10 in Iraq

Triple blast kills 10 in Iraq

A triple blast in Ramadi, west of Baghdad, killed at least 10 Iraqis and wounded 15 on Thursday, security officials told AFP. "At least 10 people were killed and 15 wounded when three simultaneous blasts hit the governorate offices in Ramadi, at 8:30 pm (
Published 03 Jun, 2011 12:00am
Libya will replace energy chief who defected

Libya will replace energy chief who defected

The Libyan government said on Thursday it will send a representative to the next Opec meeting, replacing the top oil official who defected saying he had lost faith in the rule of Muammar Qadhafi. Shokri Ghanem, who oversaw Libya's oil and gas sector, is t
Published 03 Jun, 2011 12:00am
France to host Middle East peace conference

France to host Middle East peace conference

France is ready to host a Middle East peace conference before the end of July to help relaunch stalled negotiations, French Foreign Minister Alain Juppe said on Thursday. Speaking in Ramallah, Juppe described the current stalemate between Israel and the P
Published 03 Jun, 2011 12:00am
Slum-dweller wins millions in Philippine lottery

Slum-dweller wins millions in Philippine lottery

An illiterate, slum-dwelling Philippine carpenter who was too poor to send his six children to school became an instant millionaire Thursday with the country's second biggest-ever lottery win. The 60-year-old collected a 356.5-million-peso (eight-million-
Published 03 Jun, 2011 12:00am
US replaces food pyramid with 'healthy plate'

US replaces food pyramid with 'healthy plate'

The US government on Thursday ditched its two-decade old pyramid model for healthy eating and introduced a new plate symbol half-filled with fruits and vegetables to urge better eating habits. The colourful design, called MyPlate, was unveiled by First La
Published 03 Jun, 2011 12:00am
Record Nato deaths in early Afghan fighting season

Record Nato deaths in early Afghan fighting season

More foreign troops in Afghanistan were killed in April and May this year, the early stages of the fighting season, than in the same months of any year of the decade-long conflict, figures showed. The death toll for international forces in April and May w
Published 03 Jun, 2011 12:00am
Romney charges that Obama: has 'failed America'

Romney charges that Obama: has 'failed America'

Mitt Romney, the multimillionaire former governor of Massachusetts, will kick off his second bid for the White House on Thursday with a hard-hitting economic message charging that "Barack Obama has failed America." The Republican front-runner so far, Romn
Published 03 Jun, 2011 12:00am
Obama not focused on 2012 race

Obama not focused on 2012 race

The White House said Thursday that President Barack Obama was barely paying attention to the Republican race to unseat him in 2012, as a possible foe Mitt Romney threw his hat into the ring. But it did mount a detailed defence of Obama's economic record,
Published 03 Jun, 2011 12:00am
Japanese Prime Minister survives with offer to quit once crisis overcome

Japanese Prime Minister survives with offer to quit once crisis overcome

Japanese Prime Minister Naoto Kan on Thursday survived a no-confidence vote by offering to resign once he has overcome the worst of the country's nuclear crisis, a last-minute deal with ruling party rebels who had threatened to oust him from office. Kan's
Published 03 Jun, 2011 12:00am
Gates denies US wants to 'hold China down'

Gates denies US wants to 'hold China down'

The United States is not looking to "hold China down" but is worried about its new weaponry and wants a stronger dialogue with its expanding military, Defence Secretary Robert Gates said Thursday. Gates, speaking to reporters on his plane en route to a se
Published 03 Jun, 2011 12:00am
New York Times names Abramson first woman editor

New York Times names Abramson first woman editor

The New York Times appointed Jill Abramson as its new executive editor, marking the first time a woman has been named to the highest editorial post in the newspaper's history. Abramson, the paper's managing editor, will succeed Bill Keller, who wil
Published 03 Jun, 2011 12:00am
Nearly 100 civilians killed in Abyei

Nearly 100 civilians killed in Abyei

Nearly 100 civilians have been killed in Sudan's disputed Abyei region since the northern military seized it on May 21, an Abyei official said on Thursday, citing a preliminary count. South Sudan is scheduled to break off into its own country on July 9, a
Published 03 Jun, 2011 12:00am
FTSE remains down

FTSE remains down

Britain's top shares slid for a second day as worries over weak economic data drove investors from risky assets ahead of Friday's US non-farm payroll numbers. The FTSE 100 closed down 80.69 points, or 1.4 percent, at 5,847.92, with volume 93 percent of it
Published 03 Jun, 2011 12:00am
European shares hit six-week low

European shares hit six-week low

European shares fell sharply for a second straight session to a six-week closing low on Thursday as more US data raised concerns about the pace of recovery in the world's top economy. A 9.2 percent surge in the Euro STOXX 50 volatility index, one of Europ
Published 03 Jun, 2011 12:00am
Tokyo shares plummet

Tokyo shares plummet

Japanese share prices fell sharply on Thursday, after disappointing US data added to suspicions that the global economy may be losing traction, prompting traders to shun risk assets. Tokyo shares were not helped by simmering political uncertainty after Ja
Published 03 Jun, 2011 12:00am
Treasuries yield falls

Treasuries yield falls

Treasury yields fell on Wednesday as prices rose, but traders were wary of the rally's speed, and some wondered whether a pullback might be in store for the market on Thursday. Prices soared as data on private payrolls and manufacturing came in well below
Published 03 Jun, 2011 12:00am
Treasuries yield falls

Treasuries yield falls

Treasury yields fell on Wednesday as prices rose, but traders were wary of the rally's speed, and some wondered whether a pullback might be in store for the market on Thursday. Prices soared as data on private payrolls and manufacturing came in well below
Published 03 Jun, 2011 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares ended down 1.3 percent on Thursday as investors grew jittery amid signs the US economic recovery was fading, while debt problems lingered in Europe. The Korea Composite Stock Price Index declined 1.27 percent or 27.14 points to 2,114.20 point
Published 03 Jun, 2011 12:00am
Most Gulf markets slip; Egypt falls on capital gain tax

Most Gulf markets slip; Egypt falls on capital gain tax

Egyptian shares fell on Thursday after the cabinet announced a new capital gains tax, while most Gulf markets slipped as investors booked recent gains amid a weak global backdrop. Egypt's benchmark index dropped 2.7 percent, its biggest decline since Apri
Published 03 Jun, 2011 12:00am
US stocks drop broadly in biggest selloff

US stocks drop broadly in biggest selloff

Wall Street ended a four-day rally with its worst session since August on Wednesday and could suffer more losses in coming days as investors faced more signs the economic recovery is fading. All 10 Standard & Poor's sectors ended more than 1 percent lower
Published 03 Jun, 2011 12:00am
Thursday's afternoon trade: Wall Street rebounds

Thursday's afternoon trade: Wall Street rebounds

US stocks rebounded from early lows but struggled to find direction on Thursday as news of fresh help for Greece calmed investors worried about the economic outlook ahead of a key jobs report. The Dow Jones industrial average was down 25.05 points, or 0.2
Published 03 Jun, 2011 12:00am
Hong Kong, China shares fall

Hong Kong, China shares fall

Shares in Hong Kong and China fell on Thursday, with Shanghai's main index slumping to a four-month low, on signs that the global economic recovery is losing steam and on fears of more policy tightening in China over the coming long weekend.
Published 03 Jun, 2011 12:00am
Indian shares snap two-day rise

Indian shares snap two-day rise

Indian shares snapped a two-day rise on Thursday and fell 0.6 percent as sluggish US economic data dented investor appetite for risk assets across world markets. Banks and automobiles were among the top losers as domestic concerns resurfaced about high in
Published 03 Jun, 2011 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 0.78 percent on Thursday, joining losses in other regional bourses, while Acer tumbled to a six-week closing low after the PC vendor said it would take a big writedown charge and cut jobs in Europe. Acer dropped by the maximum allowed 7
Published 03 Jun, 2011 12:00am
Southeast Asian stocks mixed

Southeast Asian stocks mixed

Thailand's stock market fell to a one-week closing low on Thursday in high volume, led by energy and bank shares on concerns over the global economic recovery, but most other Southeast Asian markets closed a little higher. Thailand fell 0.6 percent to its
Published 03 Jun, 2011 12:00am
Sterling extends slide versus euro

Sterling extends slide versus euro

Sterling fell to a four-week low against a broadly stronger euro on Thursday, hurt by dovish comments from a UK policymaker which added weight to the view domestic interest rates will stay on hold for some time. The euro rose to 88.53 pence, past the May
Published 03 Jun, 2011 12:00am
Won, ringgit falter

Won, ringgit falter

The South Korean won and the Malaysian ringgit faltered on Thursday as investors reduced risky positions, pricing in expectations of weaker key US job data and on worries about a sustained soft patch in the world's top economy. Renewed worries about Greec
Published 03 Jun, 2011 12:00am
Indian rupee steadies

Indian rupee steadies

The Indian rupee recouped intraday losses to end nearly steady on Thursday, propelled by the euro's surge in late trade and strong corporate dollar inflows, but dollar demand from oil companies and weak local shares kept it under pressure. The partially c
Published 03 Jun, 2011 12:00am
Yuan falls

Yuan falls

The yuan ended down slightly against the dollar on Thursday after the People's Bank of China set a weaker mid-point following five days of record high fixings, reflecting its intention to let the yuan take a breather. Spot yuan closed at 6.4828 versus the
Published 03 Jun, 2011 12:00am
Australian dollar flat

Australian dollar flat

The Australian dollar was little changed on Thursday as it failed to hold gains after a sharp rebound in retail sales prompted markets to see an increased chance of a rate hike in the near term, while the New Zealand dollar slipped. The Aussie gained a th
Published 03 Jun, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 73.59/73.73 (previous 73.55/73.65). Call Money Rates: 7.00-12.00 percent (previous 6.00-12.00 percent).
Published 03 Jun, 2011 12:00am
Euro plunges versus dollar

Euro plunges versus dollar

The euro plunged to a session low against the dollar on Wednesday after Moody's cut Greece's credit rating by three notches, citing a growing risk that the government will fail to stabilise its debt position without a restructuring. Optimism that Greece w
Published 03 Jun, 2011 12:00am
Early trade in New York: euro hits one-month high

Early trade in New York: euro hits one-month high

The euro touched a one-month high against the dollar on Thursday as Greece agreed to new deficit cutting measures, allaying fears over its debt crisis and causing investors to shift focus to the US economy. A recent spate of disappointing US data, ranging
Published 03 Jun, 2011 12:00am
Euro rises versus dollar in London

Euro rises versus dollar in London

The euro rose to a one-month high against the weak dollar on Thursday, boosted by expectations of a quick-fix solution to the Greek debt crisis, although gains could be checked by investors selling into the bounce. The euro was also helped by strong deman
Published 03 Jun, 2011 12:00am
Dollar falls versus majors in Asia

Dollar falls versus majors in Asia

The dollar stuck near a one-month low against a basket of currencies and hovered near a record low versus the Swiss franc on Thursday, after more weak US data stoked jitters that the US economy's soft patch may become protracted. The euro edged up against
Published 03 Jun, 2011 12:00am
Interbank rates up on ECB rate view, thin liquidity

Interbank rates up on ECB rate view, thin liquidity

Benchmark euro-priced interbank lending rates edged up on Thursday on dwindling excess liquidity and as the prospect of an interim aid deal for Greece supported bets the European Central Bank will hike rates in July. An escalation in the eurozone sovereig
Published 03 Jun, 2011 12:00am
Waqar disappoints over Afridi's retirement, denies rift with him

Waqar disappoints over Afridi's retirement, denies rift with him

Pakistan cricket team coach Waqar Younis has expressed 'disappointment' over former skipper Shahid Afridi's decision to retire from international cricket and also denied a rift between him and Afridi. Talking to reporters after team return from Ireland, h
Published 03 Jun, 2011 12:00am
Strauss promises no let-up against Sri Lanka

Strauss promises no let-up against Sri Lanka

England captain Andrew Strauss has vowed his side "will push on" as they look to build on their stunning series-opening win against Sri Lanka when the second Test starts at Lord's here on Friday. Strauss's men dismissed the tourists for just 82 inside 25
Published 03 Jun, 2011 12:00am
Afridi to face discipline committee: PCB

Afridi to face discipline committee: PCB

The Pakistan Cricket Board Thursday summoned former Pakistani skipper Shahid Afridi to appear before a disciplinary committee next week for breaching its code of conduct, it said in a statement. Afridi quit international cricket on Monday, saying he was d
Published 03 Jun, 2011 12:00am
Rehman Malik urges Afridi return

Rehman Malik urges Afridi return

Pakistan's Interior Minister Rehman Malik, said Thursday he would urge Shahid Afridi to reverse his retirement decision. "I will do whatever I can to resolve this issue, as I am equally a fan of Afridi," Malik tweeted. "I hope to give u (you) some good ne
Published 03 Jun, 2011 12:00am
Hampshire ask PCB to reverse ban on Shahid Afridi

Hampshire ask PCB to reverse ban on Shahid Afridi

Hamsphire urged the Pakistan Cricket Board (PCB) to reverse their ban on former captain Shahid Afridi playing abroad as they began the defence of their English Twenty20 title without the all-rounder. Former Pakistan one-day captain Afridi had his central
Published 03 Jun, 2011 12:00am
Player poll shows discontent with cricket administration

Player poll shows discontent with cricket administration

Most international players surveyed think India has too much influence on running international cricket, while 77 percent thought the match fixing bans handed to three Pakistan players were inadequate. The results of a survey carried out by the Federation
Published 03 Jun, 2011 12:00am
Hooligans arrested after Copa Libertadores semi

Hooligans arrested after Copa Libertadores semi

Police in Paraguay arrested 61 hooligans after a Copa Libertadores semi-final encounter and have accused them of theft, vandalism and public disorder offences, police said Thursday. The incidents occurred on the fringes of the 3-3 draw between Paraguayan
Published 03 Jun, 2011 12:00am
Pakistan trio bans too soft

Pakistan trio bans too soft

Five-year bans handed to three Pakistani cricketers for spot-fixing offences were too lenient, according to a survey of international players released Thursday. Over three-quarters of respondents to the Federation of International Cricketers' Associations
Published 03 Jun, 2011 12:00am
MTFA's football summer camp begins

MTFA's football summer camp begins

The 7th Model Town Football Academy Summer Camp for boys and girls has been started here at MTFA ground in Model Town on Thursday. "As a footballer, the best I can do for the youth in Pakistan is to provide them a platform where they can learn how to play
Published 03 Jun, 2011 12:00am
Li carries Asia's hopes into French final

Li carries Asia's hopes into French final

China's Li Na proved her Australian Open runners-up spot in January was no fluke by repeating the trick and reaching the French Open final after a commanding win over a windswept Maria Sharapova on Thursday. Li is bidding to become the first Asian to win
Published 03 Jun, 2011 12:00am
Schiavone defeats Bartoli to reach final

Schiavone defeats Bartoli to reach final

Italy's defending champion Francesca Schiavone gave a typically battling display to reach the French Open final with a 6-3 6-3 win over local hope Marion Bartoli on Thursday. Schiavone was a shock winner at Roland Garros last year but the fifth seed has l
Published 03 Jun, 2011 12:00am
Price surge hurts BoE credibility, UK rate rise seen in fourth quarter

Price surge hurts BoE credibility, UK rate rise seen in fourth quarter

Surging British consumer prices have taken their toll on the Bank of England's inflation-busting credentials, a Reuters poll showed, but a slim majority of economists still rate the bank's reputation as "strong". The monthly survey of 63 analysts also for
Published 03 Jun, 2011 12:00am
BoJ Nakamura upbeat on Japan's recovery, warns of policy paralysis

BoJ Nakamura upbeat on Japan's recovery, warns of policy paralysis

Bank of Japan board member Seiji Nakamura said solid global growth will help Japan's recovery accelerate later this year but warned that the country cannot afford policy paralysis when the wounds of the devastating earthquake in March have yet to heal.
Published 03 Jun, 2011 12:00am
Canadian exporters face headwinds

Canadian exporters face headwinds

Canada's new trade minister cautioned on Thursday that the strong currency and growing competition from emerging economies could stall the country's export growth. In his inaugural speech, Ed Fast promised quick action on the Conservative government's tra
Published 03 Jun, 2011 12:00am
Turkish growth, budget to beat forecasts

Turkish growth, budget to beat forecasts

Turkey's GDP will likely grow more than 4.5 percent this year and its budget deficit fall more quickly than forecast, a minister said, as the government presented an upbeat view of the economy ten days ahead of an election. Finance Minister Mehmet Simsek
Published 03 Jun, 2011 12:00am
Vietnam to limit dollar hoarding

Vietnam to limit dollar hoarding

Vietnam lowered the ceiling on dollar deposit rates on Thursday in its latest attempt to limit the circulation of the US currency in the economy, which is struggling with a widening trade deficit and stubbornly high inflation. The central bank said it cut
Published 03 Jun, 2011 12:00am
US jobless claims fall, labour costs tepid

US jobless claims fall, labour costs tepid

New US claims for unemployment benefits fell last week, but not enough to assuage fears the labour market recovery has taken a step back. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 422,000, the Labour Department
Published 03 Jun, 2011 12:00am
US banks, housing groups oppose mortgage proposal

US banks, housing groups oppose mortgage proposal

Bankers and housing advocates have joined together in a strange-bedfellows alliance to push back against a proposal from US regulators the groups argue will make it more difficult for Americans to afford a home. The proposal, required by the 2010 Dodd-Fra
Published 03 Jun, 2011 12:00am
27 security men, 45 militants killed in Dir

27 security men, 45 militants killed in Dir

At least 27 security personnel were martyred and up to 45 militants were killed during two-day bloody skirmishes at Barool village of Nusrat Dara area near Pak-Afghan border in Upper Dir district, police said on Thursday. The skirmishes started when about
Published 03 Jun, 2011 12:00am
Google reveals Gmail hacking from China

Google reveals Gmail hacking from China

Suspected Chinese hackers tried to steal the passwords of hundreds of Google email account holders, including those of senior US government officials, Chinese activists and journalists, the Internet company said. The claim by the world's largest Web searc
Published 03 Jun, 2011 12:00am
27 security men, 45 militants killed in Dir

27 security men, 45 militants killed in Dir

At least 27 security personnel were martyred and up to 45 militants were killed during two-day bloody skirmishes at Barool village of Nusrat Dara area near Pak-Afghan border in Upper Dir district, police said on Thursday. The skirmishes started when about
Published 03 Jun, 2011 12:00am
Illegal economy costs South Africa $26 billion: minister

Illegal economy costs South Africa $26 billion: minister

South Africa's economy is losing 178 billion rands ($26 billion, 18 billion euros) to illicit trade in areas like mining, tobacco and textiles, Intelligence Minister Siyabonga Cwele said Thursday. "In 2010, we reported the loss in the gold industry amount
Published 03 Jun, 2011 12:00am
Islamabad conveys 'strong concerns' to Kabul

Islamabad conveys 'strong concerns' to Kabul

Pakistan on Thursday conveyed 'strong concerns' to Afghanistan on the cross-border attack by militants in Dir district in which at least 27 security forces troops and three civilians were killed. Foreign Secretary Salman Bashir conveyed Pakistan's concern
Published 03 Jun, 2011 12:00am
Maliki orders probe into Trade Bank of Iraq

Maliki orders probe into Trade Bank of Iraq

Iraq's prime minister has ordered a judicial investigation into reports of "violations" at one of the nation's biggest banks, the state-owned Trade Bank of Iraq, his office said on Thursday. The move followed a report by an official committee set up by Pr
Published 03 Jun, 2011 12:00am
Islamabad conveys 'strong concerns' to Kabul

Islamabad conveys 'strong concerns' to Kabul

Pakistan on Thursday conveyed 'strong concerns' to Afghanistan on the cross-border attack by militants in Dir district in which at least 27 security forces troops and three civilians were killed. Foreign Secretary Salman Bashir conveyed Pakistan's concern
Published 03 Jun, 2011 12:00am
Opec mulls oil supply target hike to calm prices

Opec mulls oil supply target hike to calm prices

Opec is considering raising oil supply targets for the first time since 2007, a move that could weaken $100 oil prices that have dragged on global economic growth. The Organisation of the Petroleum Exporting Countries, which pumps more than a third of the
Published 03 Jun, 2011 12:00am
Agricultural sector shows 1.2 percent growth

Agricultural sector shows 1.2 percent growth

The agriculture sector of Pakistan has registered 1.2 percent growth during 2010-11 year against the growth target of 3.8 percent, and previous year's performance of 0.6 percent. According to Economic Survey of Pakistan, growth of agriculture sector, whic
Published 03 Jun, 2011 12:00am
E.coli outbreak caused by toxic new strain

E.coli outbreak caused by toxic new strain

A highly infectious new strain of E.coli bacteria is causing a deadly outbreak of food poisoning that is spreading from Germany across Europe, scientists said on Thursday, raising alarm bells world-wide. Experts in China, part of a global network of labor
Published 03 Jun, 2011 12:00am
Agricultural sector shows 1.2 percent growth

Agricultural sector shows 1.2 percent growth

The agriculture sector of Pakistan has registered 1.2 percent growth during 2010-11 year against the growth target of 3.8 percent, and previous year's performance of 0.6 percent. According to Economic Survey of Pakistan, growth of agriculture sector, whic
Published 03 Jun, 2011 12:00am
Greece to present new plan, Juncker seeks June deal

Greece to present new plan, Juncker seeks June deal

Greece intends to present a fresh austerity plan on Friday and expects its next aid tranche to flow, a government official said, after Moody's cut the country's credit rating deep into junk territory. The budget plan will include a faster pace of privatis
Published 03 Jun, 2011 12:00am
Agricultural sector shows 1.2 percent growth

Agricultural sector shows 1.2 percent growth

The agriculture sector of Pakistan has registered 1.2 percent growth during 2010-11 year against the growth target of 3.8 percent, and previous year''s performance of 0.6 percent. According to Economic Survey of Pakistan, growth of agriculture sector, whi
Published 03 Jun, 2011 12:00am
US stores' sales disappoint,likely to worsen

US stores' sales disappoint,likely to worsen

High prices for food and gasoline, a sluggish economy and picky shoppers going to fewer stores hurt sales at big US retailers in May and are likely to weigh on results for the rest of the year. More than 60 percent of the 24 retailers tracked by Thomson R
Published 03 Jun, 2011 12:00am
Agricultural sector shows 1.2 percent growth

Agricultural sector shows 1.2 percent growth

The agriculture sector of Pakistan has registered 1.2 percent growth during 2010-11 year against the growth target of 3.8 percent, and previous year''''s performance of 0.6 percent. According to Economic Survey of Pakistan, growth of agriculture sector, w
Published 03 Jun, 2011 12:00am
Hungary posts record trade surplus

Hungary posts record trade surplus

Hungary posted a record trade surplus in March as the weak forint boosted overseas demand for Hungarian-made goods, data released by the central statistics office KSH showed Thursday. The Hungarian trade surplus amounted to 839.7 million euros ($1.28 bill
Published 03 Jun, 2011 12:00am
LSM sees only 1.7 percent growth in first three quarters

LSM sees only 1.7 percent growth in first three quarters

The country's Large Scale Manufacturing sector witnessed only 1.7 percent growth during the first three quarters of current fiscal year against the target of 4.9 percent. According to the Economic Survey 2010-11, the performance of the manufacturing secto
Published 03 Jun, 2011 12:00am
Improved condition on cotton market

Improved condition on cotton market

Cotton rates in the domestic market have gone up by Rs 200 per maund (37.32 Kgs) over the past ten or twelve days. With only very small quantities of free or floating stocks left in the local market, probably only 75,000 bales, and with New York Cotton Fu
Published 03 Jun, 2011 12:00am
LSM sees only 1.7 percent growth in first three quarters

LSM sees only 1.7 percent growth in first three quarters

The country's Large Scale Manufacturing sector witnessed only 1.7 percent growth during the first three quarters of current fiscal year against the target of 4.9 percent. According to the Economic Survey 2010-11, the performance of the manufacturing secto
Published 03 Jun, 2011 12:00am
Improved condition on cotton market

Improved condition on cotton market

Cotton rates in the domestic market have gone up by Rs 200 per maund (37.32 Kgs) over the past ten or twelve days. With only very small quantities of free or floating stocks left in the local market, probably only 75,000 bales, and with New York Cotton Fu
Published 03 Jun, 2011 12:00am
LSM sees only 1.7 percent growth in first three quarters

LSM sees only 1.7 percent growth in first three quarters

The country''s Large Scale Manufacturing sector witnessed only 1.7 percent growth during the first three quarters of current fiscal year against the target of 4.9 percent. According to the Economic Survey 2010-11, the performance of the manufacturing sect
Published 03 Jun, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday, with planting stalled in some areas of Saskatchewan and Manitoba, traders said. W.Canada rains stall Saskatchewan planting. Farmer selling brought modest commercial hedges-trader Outside markets were a mixed
Published 03 Jun, 2011 12:00am
LSM sees only 1.7 percent growth in first three quarters

LSM sees only 1.7 percent growth in first three quarters

The country''''s Large Scale Manufacturing sector witnessed only 1.7 percent growth during the first three quarters of current fiscal year against the target of 4.9 percent. According to the Economic Survey 2010-11, the performance of the manufacturing se
Published 03 Jun, 2011 12:00am
Pre-budget session: ginners demand higher prices for fine quality cotton

Pre-budget session: ginners demand higher prices for fine quality cotton

In pre-budget session prices were firm on the cotton market on Thursday, mills showed interest in buying fine quality after the floods and drought news in the cotton growing areas, but on the other hand, the ginners preferred sidelines instead of selling
Published 03 Jun, 2011 12:00am
Exports seen reaching $24 billion by fiscal year 2011-end

Exports seen reaching $24 billion by fiscal year 2011-end

The country's exports are projected to reach $24 billion at the end of current fiscal year which, according to the finance minister, is a good sign for the economy. According to the Economic Survey, merchandise exports rose to $20.2 billion in July-April
Published 03 Jun, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was higher and December contract was unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The July contract that had closed at 1422.70 opened with a gain of 20 paisa at Rs 1422.90. The December
Published 03 Jun, 2011 12:00am
Exports seen reaching $24 billion by fiscal year 2011-end

Exports seen reaching $24 billion by fiscal year 2011-end

The country's exports are projected to reach $24 billion at the end of current fiscal year which, according to the finance minister, is a good sign for the economy. According to the Economic Survey, merchandise exports rose to $20.2 billion in July-April
Published 03 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,119 tonnes of cargo including 106,227 tonnes of import cargo, 22,892 tonnes of export cargo and 2,402 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 106,227 tonnes com
Published 03 Jun, 2011 12:00am
Exports seen reaching $24 billion by fiscal year 2011-end

Exports seen reaching $24 billion by fiscal year 2011-end

The country''s exports are projected to reach $24 billion at the end of current fiscal year which, according to the finance minister, is a good sign for the economy. According to the Economic Survey, merchandise exports rose to $20.2 billion in July-April
Published 03 Jun, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were steady on Thursday in an uneventful market ahead of a harvest. Most elevators reported ample space for new-crop wheat, as production is trimmed due to drought. And, as harvesting of the drought-damaged wheat continues
Published 03 Jun, 2011 12:00am
Exports seen reaching $24 billion by fiscal year 2011-end

Exports seen reaching $24 billion by fiscal year 2011-end

The country''''s exports are projected to reach $24 billion at the end of current fiscal year which, according to the finance minister, is a good sign for the economy. According to the Economic Survey, merchandise exports rose to $20.2 billion in July-Apr
Published 03 Jun, 2011 12:00am
Previous Day