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Archive - 2011-06-13
Amin Fahim calls on CM Sindh
Pakistan

Amin Fahim calls on CM Sindh

KARACHI : Federal Minister for Commerce Makhdoom Amin Faheem called on Sindh Chief Minister Syed Qaim Ali Shah at the C
Published 13 Jun, 2011 06:27pm
West Indies make 249-8
Cricket

West Indies make 249-8

NORTH SOUND: West Indies made 249 for eight from their allocation of 50 overs, after they were sent in to bat in the f
Published 13 Jun, 2011 04:53pm
European stocks close higher
Financial

European stocks close higher

LONDON : European stocks closed higher on Monday, with London 's benchmark FTSE 100 index of top shares up 0.13 percent
Published 13 Jun, 2011 04:20pm
Gold slips to Rs42,257
Commodities

Gold slips to Rs42,257

KARACHI: Gold slipped by Rs 171 to Rs 42,257 per 10 grams in local bullion market Monday, as its international price als
Published 13 Jun, 2011 03:33pm
Weekly inflation goes up by 0.50pc
Top News

Weekly inflation goes up by 0.50pc

ISLAMABAD : The Sensitive Price Indicator (SPI) for the week ended on June 9, for the lowest income group up to Rs.3,000
Published 13 Jun, 2011 01:50pm
India braced for another rate hike
Top News

India braced for another rate hike

MUMBAI: Indian policy makers look set this week to hike interest rates for the 10th time in just 16 months, even as the
Published 13 Jun, 2011 05:27am
Oil falls in Asian trade
Energy

Oil falls in Asian trade

SINGAPORE : Oil prices fell in Asian trade Monday, depressed by OPEC kingpin Saudi Arabia's plan to raise output to Asia
Published 13 Jun, 2011 05:25am
Euro down on Greek debt woes
Financial

Euro down on Greek debt woes

TOKYO : The euro declined against major currencies in Asian trade on Monday amid ongoing concerns over Greek debt woes,
Published 13 Jun, 2011 05:00am
Rs44.549bn AJK budget 2011-12 announced
Top News

Rs44.549bn AJK budget 2011-12 announced

MIRPUR (AJK): The Azad Jammu and Kashmir (AJK) Government Monday announced Rs. 44.549 billion revenue-oriented budget of
Published 13 Jun, 2011 12:00am
KSE-100 under strange clouds
BR Research

KSE-100 under strange clouds

Finally, the pre-budget uncertainties are over. But the post-budget behaviour on the KSE has paved way for another set of doubts for those w
Published 13 Jun, 2011 12:00am
Lessons from provincial budgets
BR Research

Lessons from provincial budgets

The members of Sindh Assembly cheered in unison as provincial Finance Minister Murad Ali Shah presented the annual budget. On the other hand
Published 13 Jun, 2011 12:00am
Wrinkles can predict woman's bone fracture risk

Wrinkles can predict woman's bone fracture risk

Wrinkles on a woman's face may be able to predict how likely she is to suffer from bone fractures, according to a US study released on June 06. That's because the level of proteins in the skin and bones are linked, so if a woman's face and neck are severe
Published 13 Jun, 2011 12:00am
'Say goodbye to cool summers'

'Say goodbye to cool summers'

By 2050, the coolest summers in the tropics and parts of the northern hemisphere will still be hotter than the most scorching summers since the mid-20th century if global warming continues apace, according to a new study.
Published 13 Jun, 2011 12:00am
Deadly E. coli strain found mainly in humans: report

Deadly E. coli strain found mainly in humans: report

Germany's deadly E. coli strain is found mainly in humans rather than animals, the Taggesspiegel newspaper reported on June 07, citing scientific research. The bacteria, responsible for 23 deaths and over 2,000 contaminations, does not belong to typical s
Published 13 Jun, 2011 12:00am
Silent strokes less common in physically fit

Silent strokes less common in physically fit

People who participate in vigorous activity are less likely to experience so-called "silent" strokees, new study findings report Specifically, older adults who got the most exercise - equivalent to swimming or biking more than once per week - were 40 perc
Published 13 Jun, 2011 12:00am
Active video games may be better for kids' weight

Active video games may be better for kids' weight

Overweight kids might benefit from swapping their traditional video games for "active" ones that get them off the couch, a new study suggests. The study, of 322 overweight 10- to 14-year-olds, found that those whose usual, sedentary video games were partl
Published 13 Jun, 2011 12:00am
Rising forest density offsets climate change

Rising forest density offsets climate change

Rising forest density in many countries is helping to offset climate change caused by deforestation from the Amazon basin to Indonesia, a study showed. The report indicated that the size of trees in a forest - rather than just the area covered - needed to
Published 13 Jun, 2011 12:00am
Kharotabad incident: 'victims didn't attack police with grenades'

Kharotabad incident: 'victims didn't attack police with grenades'

Police surgeon Dr Baqir Shah, who had conducted the autopsy of the foreigners shot dead by police and FC personnel in Khroteababd, rejected the claim that the foreigners had attacked the police with hand grenades. Shah dismissed the claim that the foreign
Published 13 Jun, 2011 12:00am
Navy and MSA rescue 15 fishermen

Navy and MSA rescue 15 fishermen

Pakistan Navy and Maritime Security Agency (MSA), rescued 15 fishermen along with a fishing boat on June 11 at sea, off Pasni. According to a statement issued by MSA on Sunday, a Karachi-registered fishing boat "Waadia-Sindh" located off Pasni on June 11,
Published 13 Jun, 2011 12:00am
Three miners feared dead

Three miners feared dead

Three mine workers were feared dead after they stranded in a coal mine in Spin Karez area here on Sunday. According to details, three mine workers Nazeer Gul, Paind Khan and Jee Gul were working in a coal mine own by Hazara Coal Mine in Spin Karez area on
Published 13 Jun, 2011 12:00am
Karachiites pass sleepless nights as loadshedding increases

Karachiites pass sleepless nights as loadshedding increases

Hapless citizens of Karachi face immense troubles in this hot and humid weather, as Karachi Electric Supply Company has further increased it tormenting loadshedding. In some areas the consumers even brave no-electricity situation in night hours and pass s
Published 13 Jun, 2011 12:00am
Mushaira 'Bayad Faiz Ahmed Faiz' held

Mushaira 'Bayad Faiz Ahmed Faiz' held

Anjuman Adab Balochistan organised "Bayad Faiz Ahmed Faiz": a Tarhi Mushaira at Musa Pak College, here on Saturday night. In the first session, Balochistan Minister for Inter-Provincial Co-ordination, Dr Ruqaiya Saeed Hashmi, took oath as the Chairperson
Published 13 Jun, 2011 12:00am
Paediatricians asked to update knowledge about child oncology

Paediatricians asked to update knowledge about child oncology

Director National Institute of Child Health Professor Jamal Raza has urged the general paediatricians to regularly update their knowledge and expertise in diagnosing childhood cancer and other complicated diseases among children.
Published 13 Jun, 2011 12:00am
Disgraced congressman seeks 'treatment,' leave of absence

Disgraced congressman seeks 'treatment,' leave of absence

New York Congressman Anthony Weiner is entering behavioural treatment amid a continuing scandal over the married politician's use of social media to send lewd messages and photos to women, his spokeswoman said Saturday.
Published 13 Jun, 2011 12:00am
Seven killed in Iraq violence

Seven killed in Iraq violence

Attacks in Baghdad and north Iraq on Sunday killed seven people, including three who died when two bombs exploded as they were playing football, security officials said.
Published 13 Jun, 2011 12:00am
Somalia vows to defeat al Qaeda after killing Fazul Abdullah

Somalia vows to defeat al Qaeda after killing Fazul Abdullah

Somalia's president said his security forces will defeat al Qaeda and its affiliate militants in the war-ravaged country after they killed Fazul Abdullah Mohammed, Africa's most wanted al Qaeda operative, this week.
Published 13 Jun, 2011 12:00am
Two Sudan army planes shot down: fighters

Two Sudan army planes shot down: fighters

Embattled fighters in Sudan's flashpoint northern state of Southern Kordofan said on Sunday that they had shot down two northern army planes, claims denied by Khartoum. "On Friday, our troops shot down two SAF (Sudanese Armed Forces) planes. One was an An
Published 13 Jun, 2011 12:00am
Human evolution slower than thought, say scientists

Human evolution slower than thought, say scientists

Humans may be evolving a third as slowly as commonly thought, according to an investigation into genetic changes in two generations of families. The genetic code comprises six billion nucleotides, or building blocks of DNA, half of which come from each pa
Published 13 Jun, 2011 12:00am
Sindh budget to widen urban-rural gulf?

Sindh budget to widen urban-rural gulf?

Those who lack imagination cannot gauge what is lacking in the budget that the Sindh Finance Minister, Syed Murad Ali Shah, has unveiled 'free of any new taxes' budget for financial year 2011-12, with an outlay estimated at Rs 457.5 billion while receipts
Published 13 Jun, 2011 12:00am
Sindh budget to widen urban-rural gulf?

Sindh budget to widen urban-rural gulf?

Those who lack imagination cannot gauge what is lacking in the budget that the Sindh Finance Minister, Syed Murad Ali Shah, has unveiled 'free of any new taxes' budget for financial year 2011-12, with an outlay estimated at Rs 457.5 billion while receipts
Published 13 Jun, 2011 12:00am
Dams on River Indus

Dams on River Indus

China's Three Gorges Corporation (CTGPC) has reportedly proposed a 15 billion dollar hydropower scheme to Pakistan to dam the Indus river valley at several points and to fund a 50 million survey to lay the groundwork. The objective: to not only enhance el
Published 13 Jun, 2011 12:00am
Is the public getting value for tax money?

Is the public getting value for tax money?

The question that is increasingly being asked is whether we, the public, are getting value for money: value in terms of taxes we pay and, in return, services we receive. Are the three major pillars of political power in a democracy - the executive, the ju
Published 13 Jun, 2011 12:00am
Presidency not the only prize in White House race

Presidency not the only prize in White House race

In the 2012 White House election, even the losers could end up winners, reaping book deals, TV contracts and other benefits from the unprecedented public attention of the race. They may not get to claim the grand prize of the most powerful job on Earth, b
Published 13 Jun, 2011 12:00am
Japan 3-D pop avatar a real-world hit

Japan 3-D pop avatar a real-world hit

Japanese teenage pop sensation Miku Hatsune has millions of smitten fans, a string of top hits and an image entirely unblemished by drug use, scandals or celebrity meltdowns. She doesn't demand six-figure recording contracts, always shows up on time, neve
Published 13 Jun, 2011 12:00am
A reader's protest

A reader's protest

This refers June 06 media report pertaining to Interior Minister, Rahman Malik's airy-fairy, untenable and truth deficit statement over presence of Taliban Shura in Quetta, law and order situation in Balochistan, Kharotabad incident, PPP's policies and is
Published 13 Jun, 2011 12:00am
'3.31 million children to be administered polio drops'

'3.31 million children to be administered polio drops'

About 3.31 million children below the age of five would be targeted during the three-day anti-polio drive in eight high-risk districts of Khyber Pakhtunkwa, starting from June 13 (today).
Published 13 Jun, 2011 12:00am
KP allocates Rs 85 million to generate employment opportunities

KP allocates Rs 85 million to generate employment opportunities

The Khyber Pakhtunkhwa government has allocated Rs 85 million to generate employment opportunities, and provision of scholarships, market oriented training courses to talented students under the special initiative programme.
Published 13 Jun, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 06 - 11, 2011)

Published 13 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (June 05, 2011) and the forecast for Monday (June 06, 2011).

Published 13 Jun, 2011 12:00am
Pakistan to target Taliban refusing to hold talks

Pakistan to target Taliban refusing to hold talks

Pakistan has agreed to target the hide-outs of Taliban fighters and other insurgents who attack neighbouring Afghanistan and refuse to take part in faltering peace talks, Afghan officials said Sunday.
Published 13 Jun, 2011 12:00am
Pakistan to target Taliban refusing to hold talks

Pakistan to target Taliban refusing to hold talks

Pakistan has agreed to target the hide-outs of Taliban fighters and other insurgents who attack neighbouring Afghanistan and refuse to take part in faltering peace talks, Afghan officials said Sunday.
Published 13 Jun, 2011 12:00am
Turkey's Erdogan set for victory with reduced majority

Turkey's Erdogan set for victory with reduced majority

Turkish Prime Minister Tayyip Erdogan's ruling AK Party was set to win Sunday's parliamentary election with 50.2 percent of the vote, but looked unlikely to get enough seats to call a referendum on a planned new constitution.
Published 13 Jun, 2011 12:00am
Turkey's Erdogan set for victory with reduced majority

Turkey's Erdogan set for victory with reduced majority

Turkish Prime Minister Tayyip Erdogan's ruling AK Party was set to win Sunday's parliamentary election with 50.2 percent of the vote, but looked unlikely to get enough seats to call a referendum on a planned new constitution.
Published 13 Jun, 2011 12:00am
Shortage of urea Cotton, rice production targets may be missed

Shortage of urea Cotton, rice production targets may be missed

Pakistan may miss the production targets of cotton and rice in 2011-12 as the first consignment of urea would not reach Pakistan by the end of July, reducing productivity of Kharif crops by 15-20 percent. The government has set GDP growth target for 2011-
Published 13 Jun, 2011 12:00am
Shortage of urea Cotton, rice production targets may be missed

Shortage of urea Cotton, rice production targets may be missed

Pakistan may miss the production targets of cotton and rice in 2011-12 as the first consignment of urea would not reach Pakistan by the end of July, reducing productivity of Kharif crops by 15-20 percent. The government has set GDP growth target for 2011-
Published 13 Jun, 2011 12:00am
Shortage of urea Cotton, rice production targets may be missed

Shortage of urea Cotton, rice production targets may be missed

Pakistan may miss the production targets of cotton and rice in 2011-12 as the first consignment of urea would not reach Pakistan by the end of July, reducing productivity of Kharif crops by 15-20 percent. The government has set GDP growth target for 2011-
Published 13 Jun, 2011 12:00am
Wide range of services: Sindh to impose 16 percent sales tax

Wide range of services: Sindh to impose 16 percent sales tax

Sindh Sales Tax on Services Bill 2011 has proposed to impose, from July 1, 2011, sales tax on a wide range of services, including telecommunication services, advertisements on TV/radio, courier services and services provided by property dealers, developer
Published 13 Jun, 2011 12:00am
Wide range of services: Sindh to impose 16 percent sales tax

Wide range of services: Sindh to impose 16 percent sales tax

Sindh Sales Tax on Services Bill 2011 has proposed to impose, from July 1, 2011, sales tax on a wide range of services, including telecommunication services, advertisements on TV/radio, courier services and services provided by property dealers, developer
Published 13 Jun, 2011 12:00am
Wide range of services: Sindh to impose 16 percent sales tax

Wide range of services: Sindh to impose 16 percent sales tax

Sindh Sales Tax on Services Bill 2011 has proposed to impose, from July 1, 2011, sales tax on a wide range of services, including telecommunication services, advertisements on TV/radio, courier services and services provided by property dealers, developer
Published 13 Jun, 2011 12:00am
FBR condones delay in ST officials' action against taxpayers

FBR condones delay in ST officials' action against taxpayers

The Federal Board of Revenue (FBR) has given powers to tax officials to condone delay in their prescribed actions under the Sales Tax Act 1990 for taking action against taxpayers even after expiry of laid down period of time-barred cases, adjudication, re
Published 13 Jun, 2011 12:00am
FBR condones delay in ST officials' action against taxpayers

FBR condones delay in ST officials' action against taxpayers

The Federal Board of Revenue (FBR) has given powers to tax officials to condone delay in their prescribed actions under the Sales Tax Act 1990 for taking action against taxpayers even after expiry of laid down period of time-barred cases, adjudication, re
Published 13 Jun, 2011 12:00am
FBR condones delay in ST officials'' action against taxpayers

FBR condones delay in ST officials'' action against taxpayers

The Federal Board of Revenue (FBR) has given powers to tax officials to condone delay in their prescribed actions under the Sales Tax Act 1990 for taking action against taxpayers even after expiry of laid down period of time-barred cases, adjudication, re
Published 13 Jun, 2011 12:00am
Zuma launches $875 billion trade bloc

Zuma launches $875 billion trade bloc

South African President Jacob Zuma on Sunday launched Africa's biggest free trade bloc aimed at enhancing co-operation between 26 nations to boost economies in the world's poorest and underdeveloped continent.
Published 13 Jun, 2011 12:00am
Zuma launches $875 billion trade bloc

Zuma launches $875 billion trade bloc

South African President Jacob Zuma on Sunday launched Africa's biggest free trade bloc aimed at enhancing co-operation between 26 nations to boost economies in the world's poorest and underdeveloped continent.
Published 13 Jun, 2011 12:00am
Zuma launches $875 billion trade bloc

Zuma launches $875 billion trade bloc

South African President Jacob Zuma on Sunday launched Africa''s biggest free trade bloc aimed at enhancing co-operation between 26 nations to boost economies in the world''s poorest and underdeveloped continent.
Published 13 Jun, 2011 12:00am
Non-payment of dues: four IPPs threaten to stop power production

Non-payment of dues: four IPPs threaten to stop power production

The month-long notices, given to the Ministry of Water and Power, by four independent power producers (IPPs) for clearance of their outstanding dues amounting to Rs 16.43 billion, expire on Monday. The notices said that in case of non-clearance of the due
Published 13 Jun, 2011 12:00am
Non-payment of dues: four IPPs threaten to stop power production

Non-payment of dues: four IPPs threaten to stop power production

The month-long notices, given to the Ministry of Water and Power, by four independent power producers (IPPs) for clearance of their outstanding dues amounting to Rs 16.43 billion, expire on Monday. The notices said that in case of non-clearance of the due
Published 13 Jun, 2011 12:00am
Non-payment of dues: four IPPs threaten to stop power production

Non-payment of dues: four IPPs threaten to stop power production

The month-long notices, given to the Ministry of Water and Power, by four independent power producers (IPPs) for clearance of their outstanding dues amounting to Rs 16.43 billion, expire on Monday. The notices said that in case of non-clearance of the due
Published 13 Jun, 2011 12:00am
Arab unrest: perspectives - XXXI

Arab unrest: perspectives - XXXI

There are some strong similarities between Pakistan and Yemen. Both are Islamic republics; both are suffering from varying degrees of political turmoil; both have political culture and infrastructure in place; both the countries see a strong participation
Published 13 Jun, 2011 12:00am
Arab unrest: perspectives - XXXI

Arab unrest: perspectives - XXXI

There are some strong similarities between Pakistan and Yemen. Both are Islamic republics; both are suffering from varying degrees of political turmoil; both have political culture and infrastructure in place; both the countries see a strong participation
Published 13 Jun, 2011 12:00am
THE RUPEE: bullish trend

THE RUPEE: bullish trend

Bulls dominated the money market during the week ended on June 11, 2011, as the rupee recovered its some lost ground in terms of both dollar and euro. On the interbank market, the rupee gained 21 paisa against dollar for buying at 85.74 and 23 paisa for s
Published 13 Jun, 2011 12:00am
THE RUPEE: bullish trend

THE RUPEE: bullish trend

Bulls dominated the money market during the week ended on June 11, 2011, as the rupee recovered its some lost ground in terms of both dollar and euro. On the interbank market, the rupee gained 21 paisa against dollar for buying at 85.74 and 23 paisa for s
Published 13 Jun, 2011 12:00am
Index gains 141.11 points

Index gains 141.11 points

Local investors' interest supported the KSE-100 index to register an increase of 141.11 points to close the week ending on June 11, 2011 at 12,377.77 with improved volume.
Published 13 Jun, 2011 12:00am
Index gains 141.11 points

Index gains 141.11 points

Local investors' interest supported the KSE-100 index to register an increase of 141.11 points to close the week ending on June 11, 2011 at 12,377.77 with improved volume.
Published 13 Jun, 2011 12:00am
Index gains 141.11 points

Index gains 141.11 points

Local investors'' interest supported the KSE-100 index to register an increase of 141.11 points to close the week ending on June 11, 2011 at 12,377.77 with improved volume.
Published 13 Jun, 2011 12:00am
Futures open interest up by 82.6 percent

Futures open interest up by 82.6 percent

Total open interest position at the futures counter increased by 82.6 percent to Rs 1.75 billion during the week ended on June 10, 2011.
Published 13 Jun, 2011 12:00am
Futures open interest up by 82.6 percent

Futures open interest up by 82.6 percent

Total open interest position at the futures counter increased by 82.6 percent to Rs 1.75 billion during the week ended on June 10, 2011.
Published 13 Jun, 2011 12:00am
Futures open interest up by 82.6 percent

Futures open interest up by 82.6 percent

Total open interest position at the futures counter increased by 82.6 percent to Rs 1.75 billion during the week ended on June 10, 2011.
Published 13 Jun, 2011 12:00am
Futures open interest up by 82.6 percent

Futures open interest up by 82.6 percent

Total open interest position at the futures counter increased by 82.6 percent to Rs 1.75 billion during the week ended on June 10, 2011.
Published 13 Jun, 2011 12:00am
New pressure on Mugabe for democratic reforms

New pressure on Mugabe for democratic reforms

Southern African leaders Sunday pressured Zimbabwe President Robert Mugabe to make democratic reforms ahead of new elections, hoping to set a new timetable for polls.
Published 13 Jun, 2011 12:00am
Taliban condemn UN civilian casualty statistics

Taliban condemn UN civilian casualty statistics

Afghanistan's Taliban insurgents on Sunday condemned as "propaganda" United Nations data blaming them for more than 300 civilian casualties in the country last month.
Published 13 Jun, 2011 12:00am
E. coli death toll reaches 35; Germany warns of more

E. coli death toll reaches 35; Germany warns of more

The death toll from a killer bug outbreak centred on Germany rose Sunday to at least 35 as the government warned of more to come, despite the source having been identified and new infections falling.
Published 13 Jun, 2011 12:00am
Aisam, Bopanna win Gerry Webber Open final

Aisam, Bopanna win Gerry Webber Open final

Pakistani tennis start Aisam ul-Haq and his Indian partner Rohan Bopanna won the final of the Gerry Webber Open in Halle, Germany, Aaj News reported Sunday. According to the channel, the top seeded duo defeated Dutch Robin Haase and Canadian Milos Raonic
Published 13 Jun, 2011 12:00am
Aisam, Bopanna win Gerry Webber Open final

Aisam, Bopanna win Gerry Webber Open final

Pakistani tennis start Aisam ul-Haq and his Indian partner Rohan Bopanna won the final of the Gerry Webber Open in Halle, Germany, Aaj News reported Sunday. According to the channel, the top seeded duo defeated Dutch Robin Haase and Canadian Milos Raonic
Published 13 Jun, 2011 12:00am
Three injured in roadside blast

Three injured in roadside blast

Thee men sustained injuries on Sunday when an explosive device, buried on the edge of a road outside capital city, detonated. According to police official Bani Amin, the incident happened near Malpur village, near here. He said that preliminary investigat
Published 13 Jun, 2011 12:00am
Three injured in roadside blast

Three injured in roadside blast

Thee men sustained injuries on Sunday when an explosive device, buried on the edge of a road outside capital city, detonated. According to police official Bani Amin, the incident happened near Malpur village, near here. He said that preliminary investigat
Published 13 Jun, 2011 12:00am
Secret US effort aims to help dissidents: New York Times

Secret US effort aims to help dissidents: New York Times

The Obama administration is leading a global effort to establish "shadow" Internet and cellphone systems to help dissidents undermine authoritarian governments, the New York Times reported on Sunday.
Published 13 Jun, 2011 12:00am
Secret US effort aims to help dissidents: New York Times

Secret US effort aims to help dissidents: New York Times

The Obama administration is leading a global effort to establish "shadow" Internet and cellphone systems to help dissidents undermine authoritarian governments, the New York Times reported on Sunday.
Published 13 Jun, 2011 12:00am
Kuwaiti tanker Zirku freed for 'massive' ransom: watchdog

Kuwaiti tanker Zirku freed for 'massive' ransom: watchdog

Somali pirates have released the Kuwaiti crude oil tanker Zirku, held since late March, after a "massive" ransom was paid, a piracy watchdog said Sunday. "Sources close to the owners, diplomatic sources and local observers confirmed that the Somali pirate
Published 13 Jun, 2011 12:00am
Kuwaiti tanker Zirku freed for 'massive' ransom: watchdog

Kuwaiti tanker Zirku freed for 'massive' ransom: watchdog

Somali pirates have released the Kuwaiti crude oil tanker Zirku, held since late March, after a "massive" ransom was paid, a piracy watchdog said Sunday. "Sources close to the owners, diplomatic sources and local observers confirmed that the Somali pirate
Published 13 Jun, 2011 12:00am
Iraq's cabinet approves $927 million for key power projects

Iraq's cabinet approves $927 million for key power projects

Iraq's cabinet approved $927 million in financing for electricity generation projects on Sunday in a move by Prime Minister Nuri al-Maliki's government to defuse simmering public anger over chronic power outages.
Published 13 Jun, 2011 12:00am
Iraq's cabinet approves $927 million for key power projects

Iraq's cabinet approves $927 million for key power projects

Iraq's cabinet approved $927 million in financing for electricity generation projects on Sunday in a move by Prime Minister Nuri al-Maliki's government to defuse simmering public anger over chronic power outages.
Published 13 Jun, 2011 12:00am
Iraq''s cabinet approves $927 million for key power projects

Iraq''s cabinet approves $927 million for key power projects

Iraq''s cabinet approved $927 million in financing for electricity generation projects on Sunday in a move by Prime Minister Nuri al-Maliki''s government to defuse simmering public anger over chronic power outages.
Published 13 Jun, 2011 12:00am
Saudi Arabia slaps quotas

Saudi Arabia slaps quotas

Saudi Arabia has imposed new quotas on companies in the kingdom to employ local staff, with cuts in permits for foreign workers if they fail to comply. The labour ministry on Saturday launched the latest stage of its "Nitaqat" (Ranges) programme aimed at
Published 13 Jun, 2011 12:00am
Saudi Arabia slaps quotas

Saudi Arabia slaps quotas

Saudi Arabia has imposed new quotas on companies in the kingdom to employ local staff, with cuts in permits for foreign workers if they fail to comply. The labour ministry on Saturday launched the latest stage of its "Nitaqat" (Ranges) programme aimed at
Published 13 Jun, 2011 12:00am
Saudi Arabia slaps quotas

Saudi Arabia slaps quotas

Saudi Arabia has imposed new quotas on companies in the kingdom to employ local staff, with cuts in permits for foreign workers if they fail to comply. The labour ministry on Saturday launched the latest stage of its "Nitaqat" (Ranges) programme aimed at
Published 13 Jun, 2011 12:00am
Supreme Court asked to intervene in petroleum shortage issue

Supreme Court asked to intervene in petroleum shortage issue

Pakistan Economy Watch (PEW) on Sunday asked Supreme Court to intervene in the issue of petroleum shortage across the country and bring the culprits to justice. It also sought resignation of Minister for Petroleum whose 'revolutionary measures' have backf
Published 13 Jun, 2011 12:00am
KhUJ condemns suicide attack in Peshawar

KhUJ condemns suicide attack in Peshawar

Khyber Union of Journalists has strongly condemned the suicide attack in Peshawar that killed two journalists among 36 other people and injured over hundred including five media persons.
Published 13 Jun, 2011 12:00am
TTP deny twin blasts that killed 39

TTP deny twin blasts that killed 39

Pakistan's Taliban on Sunday denied responsibility for twin bomb blasts that ripped through a crowded market in the north-western city of Peshawar, killing 39 people and injuring dozens.
Published 13 Jun, 2011 12:00am
MQM seeks overseas Pakistanis' representation in assemblies

MQM seeks overseas Pakistanis' representation in assemblies

Muttahida Qaumi Movement (MQM) is seriously contemplating to bring a bill in the Parliament to ensure due representation of Overseas Pakistanis in National as well as all the four provincial assemblies of the country, said Dr Nadeem Ehsan, Minister of Sta
Published 13 Jun, 2011 12:00am
137 percent rise in hydel-based power tariff on the cards

137 percent rise in hydel-based power tariff on the cards

A total of 137 percent raise in hydel-based power tariff is on the cards, as WAPDA in a very surprising and unexpected move, has filed a petition to NEPRA for determination of hydel-based generation tariff for Fiscal Year 2011-12.
Published 13 Jun, 2011 12:00am
'Infant mortality higher than India, China'

'Infant mortality higher than India, China'

Infant mortality rate in Pakistan is higher than other countries as it is 65.1 per 1,000 as compared to India that is 30,18 and 20 in China. This was stated by speakers at a prize distribution ceremony of clinical biochemistry short course, arranged by th
Published 13 Jun, 2011 12:00am
Saleem Shahzad gets Italian journalism award posthumously

Saleem Shahzad gets Italian journalism award posthumously

Pakistani investigative reporter Syed Saleem Shahzad has been posthumously awarded an Italian journalism prize after he was abducted and killed by unknown assassins in Pakistan last month, said message received here on Sunday.
Published 13 Jun, 2011 12:00am
Pakistan unlikely to agree to ATT in its present form

Pakistan unlikely to agree to ATT in its present form

Pakistan is unlikely to agree to the Arms Trade Treaty (ATT), in its present format, as Ministry of Foreign Affairs argues that linking of arms transfers with human rights criteria may have severe implications for Pakistan and may be politically abused, s
Published 13 Jun, 2011 12:00am
'PML-N government allocates Rs 45 billion for public welfare'

'PML-N government allocates Rs 45 billion for public welfare'

Senior Advisor to Chief Minister Punjab, Sirdar Zulfiqar Ali Khan Khosa has said that government of PML-N increased budget allocation up-to Rs45 billion for the welfare of people of South Punjab in just three years and chief minister allocated more funds
Published 13 Jun, 2011 12:00am
Government decides to set up fish hatchery

Government decides to set up fish hatchery

The Khyber Pakthunkhwa government has decided to set up a fish hatchery at Tarbela Dam to meet high demands of meat and protect the endangered species. "The hatchery will be set up over 100 kanal land aimed at bolstering the fishery sector in Khyber Pakth
Published 13 Jun, 2011 12:00am
Chief minister seeks Ulema's help in promoting unity

Chief minister seeks Ulema's help in promoting unity

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistani nation will have to unite to crush terrorism and face with full might such enemies as are weakening the country.
Published 13 Jun, 2011 12:00am
Pakistan hosts moot on Islamic Microfinance today

Pakistan hosts moot on Islamic Microfinance today

Al-Huda Centre of Islamic Banking and Economics (CIBE) and Akhuwat are organising an international conference on Islamic Microfinance on June 13 (today), 2011 at Faisal Auditorium Islamabad wherein delegates from 12 countries will grace the occasion and 8
Published 13 Jun, 2011 12:00am
Two bodies found from Lyari

Two bodies found from Lyari

Police found two unidentified torture marked bodies of men on Sunday at Moosa Lane Lyari, in the limits of Baghdadi police station. Police said that the two unidentified torture marked bodies of men were found in Moosa Lane Lyari near at Shah Abdul Latif
Published 13 Jun, 2011 12:00am
SIC to launch 'Defend Pakistan' campaign

SIC to launch 'Defend Pakistan' campaign

Sunni Ittehad Council (SIC) has decided to launch countrywide 'Defend Pakistan' Campaign in order to thwart threats to national security and solidarity.
Published 13 Jun, 2011 12:00am
KU holds aptitude test for MBA

KU holds aptitude test for MBA

Business School of University of Karachi organised an aptitude test for admission in MBA (Banking) on Sunday at Commerce Department, in collaboration with Institute of Bankers Pakistan (IBP).
Published 13 Jun, 2011 12:00am
IPLC evolves new security plan

IPLC evolves new security plan

The Industrial-Police Liaison Committee has evolved a new Security Plan by identifying 'Red Zone' with beefed-up security measures. IPLC Chief, Syed Omer Nazar Shah, briefed Rai Muhammad Tahir, CPO, about the blue-prints of this security plan.
Published 13 Jun, 2011 12:00am
Rain forecast for Punjab, KP, GB and Balochistan

Rain forecast for Punjab, KP, GB and Balochistan

Meteorological department has forecast scattered dust thunderstorm/rain with isolated heavy falls to occur over Hazara, Malakand, Bannu, Kurrum, D.G.Khan divisions and Kashmir.
Published 13 Jun, 2011 12:00am
GC University issues first PhD degree

GC University issues first PhD degree

Faculty of Islamic studies GC University Faisalabad has issued first PhD degree. This unique privilege has been grabbed by the Assistant Professor Chaudhry Sher Ali who had completed his thesis on "Control on environmental pollution in line with Islamic i
Published 13 Jun, 2011 12:00am
Revenue collection target of Rs 1,952 billion seems unachievable: MCCI

Revenue collection target of Rs 1,952 billion seems unachievable: MCCI

Unprecedented tax targets set by the government in the federal budget could be the main cause of fiscal imbalances at the end of financial year. Government has continued to rely on unachievable economic figures and has emphasised on tax collection without
Published 13 Jun, 2011 12:00am
Child Labour Day observed

Child Labour Day observed

Like the others parts of the globe, the World Day Against Child Labour was observed in Multan on Sunday. This year the International Labour Organisation (ILO) has set the theme of the day as "Hazardous Child Labour".
Published 13 Jun, 2011 12:00am
Scores jailed as strike hits Bangladesh

Scores jailed as strike hits Bangladesh

Scores of Bangladeshi political activists were given on-the-spot jail terms on Sunday, as police cracked down on a 36-hour nation-wide strike over changes in the electoral system.
Published 13 Jun, 2011 12:00am
32 Taliban killed, 25 wounded: Afghan army

32 Taliban killed, 25 wounded: Afghan army

Thirty-two Taliban fighters have been killed and 25 wounded in the last 24 hours, during an operation in the western Afghanistan province of Badghis, the Afghan army said Sunday.
Published 13 Jun, 2011 12:00am
India's yoga guru ends anti-graft fast

India's yoga guru ends anti-graft fast

Popular yoga guru Swami Ramdev on Sunday called off his eight-day-old hunger strike to denounce corruption after a prominent spiritual figure persuaded him to end his action, local media said.
Published 13 Jun, 2011 12:00am
Crisis in Palestinian talks after Hamas rejects Fatah candidate

Crisis in Palestinian talks after Hamas rejects Fatah candidate

Talks between Fatah and Hamas on the formation of a Palestinian interim government to run the West Bank and Gaza were in crisis Sunday after Hamas refused to accept Fatah's candidate for prime minister. Fatah had proposed Salam Fayyad, the independent and
Published 13 Jun, 2011 12:00am
Egypt detains suspected Israeli spy

Egypt detains suspected Israeli spy

Egypt has arrested an Israeli man on suspicion of spying and of trying to recruit Egyptian youths to act against the authorities after President Hosni Mubarak's overthrow, sources and the state news agency said on Sunday.
Published 13 Jun, 2011 12:00am
China downpours unleash floods, killing over 100

China downpours unleash floods, killing over 100

Torrential rains battering central and southern China unleashed floods and landslides that killed more than 100 people, turning areas enduring drought just over a week ago into scenes of muddy destruction, local news reports said on Sunday.
Published 13 Jun, 2011 12:00am
Chilean ash cloud disrupts New Zealand-Australian flights

Chilean ash cloud disrupts New Zealand-Australian flights

A cloud of ash from an erupting volcano in Chile has drifted over the Atlantic and Indian oceans to lie over southern parts of New Zealand and Australia, prompting the cancellation of dozens of flights on Sunday.
Published 13 Jun, 2011 12:00am
Dozens of Bahrainis face court, seven convicted

Dozens of Bahrainis face court, seven convicted

Thirty three Bahrainis faced military court hearings on Sunday, on charges of illegal activities during weeks of protests that rocked the Gulf island kingdom earlier this year, the state news agency said.
Published 13 Jun, 2011 12:00am
Israel orders to destroy three settler buildings

Israel orders to destroy three settler buildings

Defence Minister Ehud Barak has ordered Israeli forces to demolish three buildings in a wildcat West Bank settlement outpost within 45 days, media and his office said on Sunday.
Published 13 Jun, 2011 12:00am
Syrian forces attack northern town, residents flee

Syrian forces attack northern town, residents flee

Syrian tanks and helicopters stormed the town of Jisr al-Shughour on Sunday, residents said, and state television reported heavy clashes between army troops and gunmen opposed to President Bashar al-Assad.
Published 13 Jun, 2011 12:00am
Yemen transition talks halt

Yemen transition talks halt

Further talks to resolve Yemen's political crisis have failed after the deputy to wounded President Ali Abdullah Saleh refused to speak with groups demanding he cede power immediately, opposition figures said.
Published 13 Jun, 2011 12:00am
Rebels say six fighters killed in Libya's Misrata

Rebels say six fighters killed in Libya's Misrata

Six Libyan rebel fighters were killed on Sunday and dozens more wounded by government artillery barrages near the rebel-held city of Misrata, doctors told Reuters.
Published 13 Jun, 2011 12:00am
Russia protests arrival of US Navy cruiser in Black Sea

Russia protests arrival of US Navy cruiser in Black Sea

Russia on Sunday protested the arrival of a US Navy cruiser equipped with a ballistic missile defence system in the Black Sea to take part in naval exercises with neighbouring Ukraine, saying it was a threat to its national security.
Published 13 Jun, 2011 12:00am
Prada IPO five times subscribed

Prada IPO five times subscribed

Italian fashion house Prada, which is seeking to raise up to $2.6 billion through a Hong Kong IPO, has generated five times demand for its offer, a source familiar with the matter told Reuters on Sunday. The source declined to say which institutions have
Published 13 Jun, 2011 12:00am
IMF urges Sri Lanka to allow flexible exchange rate

IMF urges Sri Lanka to allow flexible exchange rate

The International Monetary Fund on Friday urged Sri Lanka's central bank to avoid continuous sales of foreign exchange to support the rupee, and said a flexible exchange rate would ease balance of payments pressures.
Published 13 Jun, 2011 12:00am
Key economic data awaits London stock market

Key economic data awaits London stock market

Investors in London will examine vital British inflation, unemployment and retail sales data next week for clues on the strength of Britain's economic growth in the second quarter. London's FTSE 100 index rose 1.52 percent over the past week to finish at
Published 13 Jun, 2011 12:00am
Global Markets Weekahead: investors take refuge

Global Markets Weekahead: investors take refuge

Investors responding to a growth scare are shifting into the safe harbour of bonds and money markets and away from equities just over a fortnight before the Federal Reserve's QE2 bond buying programme ends.
Published 13 Jun, 2011 12:00am
Sterling outlook deteriorates slightly in June

Sterling outlook deteriorates slightly in June

The British pound is not expected to re-test its 2011 high against a battered US dollar as domestic economic prospects have darkened as well, the latest Reuters poll of currency strategists found.
Published 13 Jun, 2011 12:00am
Swaps clearing could boost Treasuries, futures markets

Swaps clearing could boost Treasuries, futures markets

US Treasuries and futures may be the largest beneficiaries from reforms that will make the cost of transacting in the $364 trillion, privately traded interest rate swap market significantly more expensive.
Published 13 Jun, 2011 12:00am
Swaps clearing could boost Treasuries, futures markets

Swaps clearing could boost Treasuries, futures markets

US Treasuries and futures may be the largest beneficiaries from reforms that will make the cost of transacting in the $364 trillion, privately traded interest rate swap market significantly more expensive.
Published 13 Jun, 2011 12:00am
Yen seen strong near-term on global economy worries

Yen seen strong near-term on global economy worries

The Japanese yen will likely hold relatively strong for the rest of this year, benefiting from its safe-haven status amid growing signs the global recovery is not on a solid footing, a Reuters poll showed.
Published 13 Jun, 2011 12:00am
Japanese shares seen supported by bargain hunting

Japanese shares seen supported by bargain hunting

Japanese shares are seen to be rangebound next week as investors focus on US and Chinese economic data, while any downside is likely to be limited by bargain hunting, brokers said. "Stocks are likely to move in a tight range next week with investors' eyes
Published 13 Jun, 2011 12:00am
Telefonica drops Atento IPO

Telefonica drops Atento IPO

Spain's Telefonica dropped the planned listing of its call centre unit Atento on Friday, after failing to drum up sufficient interest even after cutting the offer price.
Published 13 Jun, 2011 12:00am
Aussie, New Zealand dollars set to drift off peaks

Aussie, New Zealand dollars set to drift off peaks

The high-flying Australian dollar is likely to lose altitude over the next 12 months as analysts expect the greenback to gain ground when markets start positioning for an eventual tightening by the US central bank.
Published 13 Jun, 2011 12:00am
Maple Group adds partners to TMX group bid

Maple Group adds partners to TMX group bid

A group of Canadian banks and pension funds mounting a hostile bid for the TMX Group said on Sunday they have added more partners to the effort to top a rival offer from the London Stock Exchange Group.
Published 13 Jun, 2011 12:00am
Shares of big banks could rise 25 percent: Barron's

Shares of big banks could rise 25 percent: Barron's

Shares in big banks like Bank of America, Citigroup and Goldman Sachs are undervalued due to economic and regulatory concerns and could rise more than 25 percent in the next year, according to financial weekly Barron's.
Published 13 Jun, 2011 12:00am
Iran's shipping line fighting EU sanctions in court

Iran's shipping line fighting EU sanctions in court

Iran's state shipping line will challenge the latest round of sanctions at the European Union's highest court, saying there is no evidence showing that it has been involved in arms trafficking as EU and US officials say.
Published 13 Jun, 2011 12:00am
Lloyds may cut 15,000 jobs in costs drive

Lloyds may cut 15,000 jobs in costs drive

Britain's Lloyds Banking Group could cut up to 15,000 jobs as part of a new 1 billion pounds ($1.6 billion) cost-saving plan, according to a report in the UK's Sunday Times newspaper. The report said whole layers of management would be stripped out of the
Published 13 Jun, 2011 12:00am
Dubai sets $5 billion bond programme

Dubai sets $5 billion bond programme

Dubai, which is planning a benchmark sovereign dollar issue in coming days as it seeks to bridge a budget deficit, has set up a new $5 billion framework for future debt issuance. The Gulf Arab emirate, known for man-made palm-shaped islands and the world'
Published 13 Jun, 2011 12:00am
Dubai sets $5 billion bond programme

Dubai sets $5 billion bond programme

Dubai, which is planning a benchmark sovereign dollar issue in coming days as it seeks to bridge a budget deficit, has set up a new $5 billion framework for future debt issuance. The Gulf Arab emirate, known for man-made palm-shaped islands and the world'
Published 13 Jun, 2011 12:00am
Bangladesh wants share of global halal food market

Bangladesh wants share of global halal food market

Bangladesh wants to get a slice of the $600 billion world halal food market, by supplying beef and mutton from animals slaughtered as per Muslim sharia law, a senior business leader said on Sunday.
Published 13 Jun, 2011 12:00am
Abu Dhabi's IPIC says hits road for update not bond

Abu Dhabi's IPIC says hits road for update not bond

Abu Dhabi's International Petroleum Investment Co (IPIC) said on Sunday it planned to hold non-deal investor meetings and would only issue bonds in co-ordination with Abu Dhabi's debt management office. IPIC, fully owned by the Abu Dhabi government, hired
Published 13 Jun, 2011 12:00am
Abu Dhabi's IPIC says hits road for update not bond

Abu Dhabi's IPIC says hits road for update not bond

Abu Dhabi's International Petroleum Investment Co (IPIC) said on Sunday it planned to hold non-deal investor meetings and would only issue bonds in co-ordination with Abu Dhabi's debt management office. IPIC, fully owned by the Abu Dhabi government, hired
Published 13 Jun, 2011 12:00am
Air France urged to back Airbus in plane order

Air France urged to back Airbus in plane order

French parliamentarians have launched a petition calling on Air France-KLM to place a $20-25 billion plane order with Airbus and not Boeing - but airline officials said they would split the order.
Published 13 Jun, 2011 12:00am
Japan Inc depending more on Asia

Japan Inc depending more on Asia

Japan's major companies enjoyed record profits in Asia in the past fiscal year, surpassing their domestic figures, according to a survey released on Sunday. The Nikkei business daily carried out the poll covering 130 listed firms that published region-by-
Published 13 Jun, 2011 12:00am
Mid East, North Africa venture capital deals seen rising

Mid East, North Africa venture capital deals seen rising

Rising populations and growth of small businesses bode well for venture capital transactions in the Middle East and North Africa region and the nascent sector will see more deals this year, executives said on Sunday.
Published 13 Jun, 2011 12:00am
Mid East, North Africa venture capital deals seen rising

Mid East, North Africa venture capital deals seen rising

Rising populations and growth of small businesses bode well for venture capital transactions in the Middle East and North Africa region and the nascent sector will see more deals this year, executives said on Sunday.
Published 13 Jun, 2011 12:00am
IMF cyber attack aimed to steal insider info: expert

IMF cyber attack aimed to steal insider info: expert

A major cyber attack on the IMF aimed to steal sensitive insider information, a cyber security expert said on Sunday, as the race to lead the body which oversees global financial system heated up. The US Federal Bureau of Investigation is helping to inves
Published 13 Jun, 2011 12:00am
Arabs, Indonesia back Lagarde for IMF top job

Arabs, Indonesia back Lagarde for IMF top job

French Finance Minister Christine Lagarde, who has been on a whirlwind tour touting her credentials to head the International Monetary Fund, on Sunday won the backing of Egypt, Indonesia and the UAE.
Published 13 Jun, 2011 12:00am
Greek utility union to strike against selloff plan

Greek utility union to strike against selloff plan

Workers at Greek state energy utility PPC announced they will launch 48-hour strikes that may result in rolling power outages to oppose government plans to sell the company.
Published 13 Jun, 2011 12:00am
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