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Archive - 2011-06-27
Stocks end flat; rupee weakens
Markets

Stocks end flat; rupee weakens

KARACHI : Pakistani stocks ended nearly flat on Monday as investors stayed on the sidelines following a fall in internat
Published 27 Jun, 2011 02:55pm
MQM quits government
Top News

MQM quits government

KARACHI : Muttahida Qaumi Movement (MQM) said Monday it had quit the beleaguered administration, citing the "dictatorial
Published 27 Jun, 2011 12:45pm
NA Speaker to act as President
Pakistan

NA Speaker to act as President

ISLAMABAD : Speaker National Assembly Dr. Fehmida Mirza would perform the functions of the President of Islamic Republic
Published 27 Jun, 2011 10:50am
Weekly inflation goes up by 0.57pc
Top News

Weekly inflation goes up by 0.57pc

ISLAMABAD : The Sensitive Price Indicator (SPI) for the week ended on June 23, for the lowest income group up to Rs.3,
Published 27 Jun, 2011 10:41am
Islamic art exhibition concludes
Arts

Islamic art exhibition concludes

ISLAMABAD : The solo exhibition on Islamic art exploring Muslim heritage by Rana Riaz Ahmed concluded here Sunday at Nat
Published 27 Jun, 2011 09:16am
Syrian refugees in Turkey down to 11,100
Top News

Syrian refugees in Turkey down to 11,100

ANKARA : The number of Syrians taking refuge at tent cities in Turkey has decreased to 11,122 after several hundred pe
Published 27 Jun, 2011 08:33am
Local govt debt at $1.65tn: China
Top News

Local govt debt at $1.65tn: China

BEIJING: Chinese local governments held $1.65 trillion in debt at the end of 2010, the state auditor said Monday, warnin
Published 27 Jun, 2011 08:27am
European stocks close mixed
Financial

European stocks close mixed

LONDON : European stock markets closed narrowly mixed on Monday, helped by a bounce on Wall Street as investors awaite
Published 27 Jun, 2011 07:51am
Oil extends losses in Asian trade
Top News

Oil extends losses in Asian trade

SINGAPORE: Oil fell in Asian trade Monday on lingering fears of a financial default by debt-ridden Greece and the Intern
Published 27 Jun, 2011 06:12am
Theres something about Engro
BR Research

Theres something about Engro

Even though Engro Corporations shares are not always the blue-eyed blue chip of the countrys stock exchanges, theres something about Engro t
Published 27 Jun, 2011 12:00am
Reaching out to the poor
BR Research

Reaching out to the poor

Does branchless banking actually reach the poor? Has it really transformed their lives? Is it effective, accessible and affordable for the v
Published 27 Jun, 2011 12:00am
Russian minister sees strong rouble and no rate rise

Russian minister sees strong rouble and no rate rise

Russia has no need of a tighter monetary policy thanks to fading inflationary risks and a stronger rouble which can firm on the back of a strong current account surplus, the Deputy Economy Minister said on Sunday.
Published 27 Jun, 2011 12:00am
Swiss socialists want to peg franc to euro

Swiss socialists want to peg franc to euro

Temporarily pegging the Swiss franc to the euro to stem its rise is an option worth considering, the heads of Switzerland's socialist party and industry lobby Swissmem were quoted as saying on Sunday. The Swiss franc hit a record high 1.1804 per euro on F
Published 27 Jun, 2011 12:00am
Sheikh Ahmed named chairman of Emirates NBD

Sheikh Ahmed named chairman of Emirates NBD

Dubai's ruler named his uncle and close adviser Sheikh Ahmed bin Saeed al-Maktoum as chairman of Emirates NBD on Sunday, in a move that may signal changes to come in Dubai's banking sector. Sheikh Ahmed, chairman of Emirates airlines, replaces Ahmed Humai
Published 27 Jun, 2011 12:00am
Central bankers advise investors to expect less

Central bankers advise investors to expect less

Investors should prepare themselves for smaller profit margins as banks stash away more capital to avoid another global financial crisis, the world's major central bankers cautioned Sunday. They also advised central banks around the world that interest ra
Published 27 Jun, 2011 12:00am
Kuwait CPI hits five-month high, says outlook benign

Kuwait CPI hits five-month high, says outlook benign

Kuwait's annual inflation edged up to a five-month top of 5.4 percent in May, the highest level among Gulf Arab oil producers, and living costs in nearby Qatar rose slightly to match March's reading, data showed on Sunday.
Published 27 Jun, 2011 12:00am
Gulf oil output unlikely to fall on IEA move

Gulf oil output unlikely to fall on IEA move

Gulf oil exporters are unlikely to cut production in response to the International Energy Agency (IEA) releasing emergency stocks because demand for their crude is strong, two Gulf Opec delegates said on Sunday. Oil exporters' group Opec failed in early J
Published 27 Jun, 2011 12:00am
Iran to oppose rise in Opec production ceiling

Iran to oppose rise in Opec production ceiling

Iran will reject any increase of the Opec production ceiling in the cartel's next meeting, the country's Oil Ministry caretaker Mohammad Aliabadi told the semi-official Mehr news agency on Sunday. "Considering the demand and supply situation in the oil ma
Published 27 Jun, 2011 12:00am
US high court limits consumer, rights lawsuits

US high court limits consumer, rights lawsuits

The US Supreme Court's conservative majority made it harder for people to band together to sue America's largest businesses in the two most far-reaching rulings of the term the justices are wrapping up on Monday.
Published 27 Jun, 2011 12:00am
Feds investigating Home Depot over foreign goods

Feds investigating Home Depot over foreign goods

Federal officials are investigating allegations that Home Depot is providing Chinese-made products and other foreign goods to government customers in violation of the Buy American Act. The investigation was disclosed in a Department of Justice court filin
Published 27 Jun, 2011 12:00am
G20 should form currency reform secretariat: China

G20 should form currency reform secretariat: China

The Group of 20 countries with the world's leading economies should establish a secretariat to promote reform of the international monetary system, the head of China's national pension fund said on Sunday.
Published 27 Jun, 2011 12:00am
Intervention on Greek interest rates possible: Juncker

Intervention on Greek interest rates possible: Juncker

Europe should not exclude the possibility of intervening on Greek interest rates, Jean-Claude Juncker, the chairman of eurozone finance ministers said in a television interview on Sunday. "Intervening from the EU side on the level of interest rates in Gre
Published 27 Jun, 2011 12:00am
No Greece private sector deal for UK banks

No Greece private sector deal for UK banks

No specific proposals have been tabled for Britain's banks to get involved in any private sector deal regarding Greece's debt problems, the UK Treasury said on Sunday. The Observer newspaper had reported the government wanted British banks to take losses
Published 27 Jun, 2011 12:00am
Republicans firm on taxes ahead of Obama meeting

Republicans firm on taxes ahead of Obama meeting

The US Senate's top two Republicans on Sunday stood firm against including tax increases in any deal to raise the debt limit and shrink budget deficits one day before a meeting with President Barack Obama, but said the showdown need not go down to the "11
Published 27 Jun, 2011 12:00am
Egyptian steel magnate faces new graft charges

Egyptian steel magnate faces new graft charges

Egyptian steel magnate Ahmed Ezz, a top ally of ousted President Hosni Mubarak who is being investigated for graft, faces fresh charges of profiteering and squandering public funds, state news agency MENA reported.
Published 27 Jun, 2011 12:00am
Prime Minister announces giving university status to NCA

Prime Minister announces giving university status to NCA

The federal government has given university status to prestigious National College of Arts (NCA) Lahore and decided to keep it with centre even after the devolution of Ministry of Education under the 18th Amendment.
Published 27 Jun, 2011 12:00am
Prime Minister's son clinches excellence in UK university

Prime Minister's son clinches excellence in UK university

Syed Ali Qasim Gilani, son of Prime Minister, Syed Yousuf Raza Gilani, was awarded second class Honours, Upper Division (2.1) and Bachelor of Science (Business and Finance) from Brunel University, West London (UK). Shaheed Mohtarma Benazir Bhutto and Bila
Published 27 Jun, 2011 12:00am
Six killed in different incidents

Six killed in different incidents

Six persons were killed in different incidents in various parts of the district during last 24 hours. According to police, a speeding truck hit sleeping workers at a footpath near Dhuddiwala on Jaranwala Road.
Published 27 Jun, 2011 12:00am
Qaim chairs meeting of Alternate Energy Development Board

Qaim chairs meeting of Alternate Energy Development Board

The present government is endeavouring to meet the energy needs through traditional as well as alternate resources. This was stated by Sindh Chief Minister, Syed Qaim Ali Shah, on Sunday. He was chairing the meeting of the Alternate Energy Development Boa
Published 27 Jun, 2011 12:00am
Federal Tax Ombudsman Office rated most efficient organisation

Federal Tax Ombudsman Office rated most efficient organisation

The Citizen Report Card Study (CRCS) on the Federal Tax Ombudsman (FTO) conducted by an independent research firm, Islamic Countries Society of Statistical Sciences (ICSSS), finds the FTO Office as the cleanest and most helpful public sector organisation
Published 27 Jun, 2011 12:00am
150 posts of judges created through IHC Act: Babar

150 posts of judges created through IHC Act: Babar

Former Federal Minister for Law, Justice and Parliamentary Affairs Dr Babar Awan on Sunday said that government has created 150 new posts of judges through Islamabad High Court Act (IHC) for two sessions' division of Islamabad to facilitate the litigants.
Published 27 Jun, 2011 12:00am
PPP to continue BB's mission: Khuhro

PPP to continue BB's mission: Khuhro

Sindh Assembly Speaker, Nisar Ahmed Khuhro has said that PPP would continue the mission of its founder leader Shaheed Zulfikar Ali Bhutto and Shaheed Benazir Bhutto to make the country a prosperous country.
Published 27 Jun, 2011 12:00am
Potential textile sector may bail out Pakistan economy

Potential textile sector may bail out Pakistan economy

Pakistan was born in 1947 with a larger cotton crop of 1.1 million 170-Kg bales, a very small spinning capacity of 78,000 spindles (3 textile mills consuming 75,000 bales) and also a small weaving capacity of 3,000 handlooms. Later, due to Government's li
Published 27 Jun, 2011 12:00am
Potential textile sector may bail out Pakistan economy

Potential textile sector may bail out Pakistan economy

Pakistan was born in 1947 with a larger cotton crop of 1.1 million 170-Kg bales, a very small spinning capacity of 78,000 spindles (3 textile mills consuming 75,000 bales) and also a small weaving capacity of 3,000 handlooms. Later, due to Government's li
Published 27 Jun, 2011 12:00am
Citigroup skimps on standard customer monitoring

Citigroup skimps on standard customer monitoring

After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates. Citigroup, which had over 360,000 credit card acco
Published 27 Jun, 2011 12:00am
Nissan annual net profit to fall 15 percent

Nissan annual net profit to fall 15 percent

Japan's Nissan Motor said on June 23 annual net profit will fall 15 percent year-on-year after the March earthquake hit output, while it also struggles with high raw material costs and a strong yen.
Published 27 Jun, 2011 12:00am
Softbank eyes top ten ranking in 30 years

Softbank eyes top ten ranking in 30 years

The head of Japan's Softbank Corp said on June 20 that he was aiming to make the information technology giant one of the world's top ten companies by market capitalisation within 30 years. Masayoshi Son, chairman and CEO of Softbank Corp, said Japan's thi
Published 27 Jun, 2011 12:00am
Rio Tinto seeks giant copper find in Central Asia

Rio Tinto seeks giant copper find in Central Asia

Global miner Rio Tinto is ready to commit funds for an exploration drive in Central Asia that it hopes could unearth the world's next giant copper deposit, a company official told Reuters on June 21. The company hopes to start drilling in Uzbekistan this
Published 27 Jun, 2011 12:00am
UBS aims to expand ETF offering by year-end

UBS aims to expand ETF offering by year-end

Switzerland's biggest bank UBS aims to significantly expand its offering of exchange-traded funds (ETFs) by the end of the year, according to the company's head of ETF business. "We want to have about 50 ETFs on the market by the end of 2011," Clemens Reu
Published 27 Jun, 2011 12:00am
Volvo to spend $708 million on second China plant

Volvo to spend $708 million on second China plant

Volvo, owned by China's Zhejiang Geely Holding Group, will invest $708 million to build a second plant in China, the world's biggest auto market, the environment ministry in Beijing said. The auto maker, which was bought by Geely last year, will pour 4.58
Published 27 Jun, 2011 12:00am
7 out of 10 Hong Kong bosses screen job applicants on Facebook

7 out of 10 Hong Kong bosses screen job applicants on Facebook

Most Hong Kong managers scrutinise the online profiles of job applicants on Facebook and LinkedIn before hiring them, according to a survey published on June 20. Seventy-one percent of managers admitted checking online profiles when deciding who to hire,
Published 27 Jun, 2011 12:00am
Google breaks billion visitors barrier on Internet

Google breaks billion visitors barrier on Internet

Figures released on June 21 by industry tracker comScore credited Google with being the first online operation to attract more than a billion visitors in a single month. Slightly more than a billion people went to Google websites in May in what comScore b
Published 27 Jun, 2011 12:00am
Newest iPhone expected in September

Newest iPhone expected in September

Apple fans can expect the next generation of iPhones in September, Bloomberg News reported on June 22. The new phone will have a more advanced camera and a stronger chip for processing data, according to two unnamed people familiar with the product cited
Published 27 Jun, 2011 12:00am
New York Post blocks website access for iPad users

New York Post blocks website access for iPad users

The New York Post has blocked access to its website from the iPad's Safari Web browser in a bid to drive users of Apple's tablet computer to the newspaper's paid application. An iPad user attempting to reach NYPost.com using Safari is met with a page that
Published 27 Jun, 2011 12:00am
Dutch pases law to ensure open Internet access

Dutch pases law to ensure open Internet access

The Dutch parliament on June 22 passed a law banning telecommunications providers from charging their subscribers extra fees for Internet services such as Skype and instant messaging.
Published 27 Jun, 2011 12:00am
US tablet users paid $53 for applications: study

US tablet users paid $53 for applications: study

More than 90 percent of US tablet computer users have downloaded applications and most have bought apps, spending over 50 dollars on average during the past 12 months, according to a study released on June 22.
Published 27 Jun, 2011 12:00am
Camera lets people shoot first focus later

Camera lets people shoot first focus later

Start-up Lytro is promising to deliver by year's end a camera that lets people adjust the focus on photos after they take them. Work that Ren Ng started in a lab while working on a PhD at Stanford University about eight years ago has led to the creation o
Published 27 Jun, 2011 12:00am
Tablet war heats up as Asia challenges iconic iPad

Tablet war heats up as Asia challenges iconic iPad

A tablet war is heating up in Asia as companies from China, South Korea and Taiwan challenge the dominance of Apple's iPad on features and price, analysts said on June 23. Asia is a major battleground because of the presence of alternatives offered by top
Published 27 Jun, 2011 12:00am
PrivateSky shields online exchanges from prying eyes

PrivateSky shields online exchanges from prying eyes

A free service launched on June 22 called PrivateSky lets Internet users shield email, Facebook updates, and other online exchanges from hackers or other unwanted snoops. The service from start-up CertiVox comes as hackers appear to be rampaging through t
Published 27 Jun, 2011 12:00am
Byliner - a new website for readers & writers

Byliner - a new website for readers & writers

Print magazines may be struggling but the founders of Byliner, a new website, believe there is an audience and a business opportunity online for long-form journalism. Byliner.com, which launched in beta, or test, mode on June 21, is building a social netw
Published 27 Jun, 2011 12:00am
Japan gadget charges cellphone over campfire

Japan gadget charges cellphone over campfire

A Japanese company has come up with a new way to charge your mobile phone after a natural disaster or in the great outdoors - by heating a pot of water over a campfire. The Hatsuden-Nabe thermo-electric cookpot turns heat from boiling water into electrici
Published 27 Jun, 2011 12:00am
Afforestation will hardly dent warming problem: study

Afforestation will hardly dent warming problem: study

Schemes to convert croplands or marginal lands to forests will make almost no inroads against global warming this century, a scientific study published on June 19 said. Afforestation is being encouraged under the UN's Kyoto Protocol climate-change treaty
Published 27 Jun, 2011 12:00am
Free-moving robot camera may ease stomach exams

Free-moving robot camera may ease stomach exams

A tiny, free-moving capsule camera with fins that can be gulped down and controlled remotely may one day make stomach exams much easier to handle. Japanese scientists and medical researchers say they have successfully tried out what they believe to be the
Published 27 Jun, 2011 12:00am
Diabetes-related kidney disease jumps 34 percent

Diabetes-related kidney disease jumps 34 percent

Kidney damage from diabetes has jumped 34 percent in the last two decades, according to a new study in the Journal of the American Medical Association. That means nearly seven million Americans have diabetic kidney disease, despite increases in the use of
Published 27 Jun, 2011 12:00am
Sunflowers to clean radioactive soil in Japan

Sunflowers to clean radioactive soil in Japan

Campaigners in Japan are asking people to grow sunflowers, said to help decontaminate radioactive soil, in response to the Fukushima nuclear disaster that followed March's massive quake and tsunami. Volunteers are being asked to grow sunflowers this year,
Published 27 Jun, 2011 12:00am
Oceans in distress foreshadow mass extinction

Oceans in distress foreshadow mass extinction

Pollution and global warming are pushing the world's oceans to the brink of a mass extinction of marine life unseen for tens of millions of years, a consortium of scientists warned on June 20.
Published 27 Jun, 2011 12:00am
High air pollution may trigger heart attacks

High air pollution may trigger heart attacks

Day-to-day spikes in air pollution seem to be followed by an uptick in hospital admissions for heart attack, a new study in Italy finds. The findings, reported in the American Journal of Epidemiology, add to evidence that high-pollution days may trigger h
Published 27 Jun, 2011 12:00am
E. coli death toll at least 43: Germany

E. coli death toll at least 43: Germany

The death toll from an outbreak of a killer strain of E. coli bacteria in Germany rose to at least 43 on June 23, health authorities said. All but one of the fatalities from enterohaemorrhagic E. coli (EHEC) have been in Germany, with the other being a wo
Published 27 Jun, 2011 12:00am
Fans mourn Michael Jackson, two years on

Fans mourn Michael Jackson, two years on

Michael Jackson fans paid their respects Saturday to the late King of Pop on the second anniversary of his shock death, as his famous "Thriller" video jacket went under the hammer in Los Angeles. Fans were allowed to place flowers by the singer's mausoleu
Published 27 Jun, 2011 12:00am
Japan begins nuclear charm campaign

Japan begins nuclear charm campaign

Japan began a campaign Sunday to convince communities hosting nuclear reactors to let operations resume, with several local governments blocking nuclear power generation after the atomic crisis in Fukushima.
Published 27 Jun, 2011 12:00am
Israel adopts tougher Iran sanctions

Israel adopts tougher Iran sanctions

The Israeli cabinet on Sunday approved broad economic sanctions against Iran, bringing the Jewish state into line with measures taken by other governments. "The government of Israel authorised economic sanctions against Iran and companies that trade with
Published 27 Jun, 2011 12:00am
Troubling times

Troubling times

It is very rare for a non-statistical organisation in Pakistan to undertake some kind of survey on the general thinking of ordinary households on certain aspects of the evolving economic situation. It was, therefore, a pleasant surprise to see that ROZEE.
Published 27 Jun, 2011 12:00am
Much too important to be left to bureaucrats

Much too important to be left to bureaucrats

Somehow the warmth the Pakistan-India relationship had received in terms of hectic official exchanges and think-tank events over the last three months, since the Mohali cricket summit, does not reflect from the outcome of the three rounds of foreign secre
Published 27 Jun, 2011 12:00am
Budget's targets for 2011-12 - I

Budget's targets for 2011-12 - I

The budget for the fiscal year 2011-12 sets an entire range of macroeconomic targets: growth 4.2 percent, deficit 4 percent and inflation 12 percent. An increasing number of Pakistanis has begun to regard these forecasts as an exercise based on grossly mi
Published 27 Jun, 2011 12:00am
The patwari culture

The patwari culture

In this article, I will briefly go through the patwari system - as the prevailing Land Revenue Administration system is commonly known in our country, the culture it has generated with its associated evils and would try to build on the requirements of the
Published 27 Jun, 2011 12:00am
Economy and federal budget

Economy and federal budget

While the budget has been rushed through the parliament once again this year, as usual, it does not decrease the significance of a comprehensive analysis of the budgetary measures taken up by the government, particularly considering the incessantly grave
Published 27 Jun, 2011 12:00am
Judicial rhetoric and magnanimity

Judicial rhetoric and magnanimity

This refers to a June 24 media report, quoting Pakistan Tehreek-e-Insaf (PTI) chairman, Imran Khan, who, while addressing a press conference in Lahore, demanded the judiciary (to) intervene and play an effective role to save the country from total institu
Published 27 Jun, 2011 12:00am
Hoti dissatisfied with finishing work of KPK House

Hoti dissatisfied with finishing work of KPK House

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti while expressing dissatisfaction over finishing work of KPK House Mardan on Sunday directed Provincial Building Maintenance Cell (PBMC) to remove defects in building structure and complete construc
Published 27 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 20 to 25, 2011)

Published 27 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (June 26, 2011) and the forecast for Monday (June 27, 2011).

Published 27 Jun, 2011 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee moved both ways on the currency market during the week ended on June 25, 2011 as importers were busy in clearing the bills. On the interbank market, the rupee somehow managed to minimise its losses, shedding 10 paisa against dollar for buying an
Published 27 Jun, 2011 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee moved both ways on the currency market during the week ended on June 25, 2011 as importers were busy in clearing the bills. On the interbank market, the rupee somehow managed to minimise its losses, shedding 10 paisa against dollar for buying an
Published 27 Jun, 2011 12:00am
SECP begins redrafting of companies' law

SECP begins redrafting of companies' law

The Securities and Exchange Commission of Pakistan (SECP) has initiated re-drafting of the Companies Ordinance 1984 to make it compatible with the best global practices, and to finalise it in the next 12 to 18 months for the growth of the corporate sector
Published 27 Jun, 2011 12:00am
SECP begins redrafting of companies' law

SECP begins redrafting of companies' law

The Securities and Exchange Commission of Pakistan (SECP) has initiated re-drafting of the Companies Ordinance 1984 to make it compatible with the best global practices, and to finalise it in the next 12 to 18 months for the growth of the corporate sector
Published 27 Jun, 2011 12:00am
SECP begins redrafting of companies'' law

SECP begins redrafting of companies'' law

The Securities and Exchange Commission of Pakistan (SECP) has initiated re-drafting of the Companies Ordinance 1984 to make it compatible with the best global practices, and to finalise it in the next 12 to 18 months for the growth of the corporate sector
Published 27 Jun, 2011 12:00am
AJK election results: PPP shows strong lead

AJK election results: PPP shows strong lead

As many as 19 candidates of the Pakistan People's Party (PPP) have won their seats of Azad Jammu and Kashmir (AJK) Legislative Assembly from different constituencies on Sunday, according to private TV channels.
Published 27 Jun, 2011 12:00am
AJK election results: PPP shows strong lead

AJK election results: PPP shows strong lead

As many as 19 candidates of the Pakistan People's Party (PPP) have won their seats of Azad Jammu and Kashmir (AJK) Legislative Assembly from different constituencies on Sunday, according to private TV channels.
Published 27 Jun, 2011 12:00am
Punjab government accused of rigging polls

Punjab government accused of rigging polls

The Minister for Kashmir Affairs, Manzoor Ahmed Wattoo, has accused the Punjab government of using administrative machinery to rig the Azad Jammu and Kashmir Legislative Assembly's election for nine seats meant for Pakistan-based Jammu & Kashmir refugees
Published 27 Jun, 2011 12:00am
Punjab government accused of rigging polls

Punjab government accused of rigging polls

The Minister for Kashmir Affairs, Manzoor Ahmed Wattoo, has accused the Punjab government of using administrative machinery to rig the Azad Jammu and Kashmir Legislative Assembly's election for nine seats meant for Pakistan-based Jammu & Kashmir refugees
Published 27 Jun, 2011 12:00am
Downfall of government has begun, says Altaf

Downfall of government has begun, says Altaf

Muttahida Quami Movement (MQM) leader Altaf Hussain on Sunday harshly criticised the government over Azad Jammu and Kashmir election issue and accused it of political betrayal. Addressing on telephone from London a general workers' meeting of his party wo
Published 27 Jun, 2011 12:00am
Downfall of government has begun, says Altaf

Downfall of government has begun, says Altaf

Muttahida Quami Movement (MQM) leader Altaf Hussain on Sunday harshly criticised the government over Azad Jammu and Kashmir election issue and accused it of political betrayal. Addressing on telephone from London a general workers' meeting of his party wo
Published 27 Jun, 2011 12:00am
Index gains 102.94 points

Index gains 102.94 points

The KSE-100 index gained 102.94 points during the week ended on June 24, 2011 and closed at the level of 12,464.26 points on the back of local investors' support. Foreign investors, however, remained on the selling side as a net outflow of $3.6 million of
Published 27 Jun, 2011 12:00am
Index gains 102.94 points

Index gains 102.94 points

The KSE-100 index gained 102.94 points during the week ended on June 24, 2011 and closed at the level of 12,464.26 points on the back of local investors' support. Foreign investors, however, remained on the selling side as a net outflow of $3.6 million of
Published 27 Jun, 2011 12:00am
Index gains 102.94 points

Index gains 102.94 points

The KSE-100 index gained 102.94 points during the week ended on June 24, 2011 and closed at the level of 12,464.26 points on the back of local investors'' support. Foreign investors, however, remained on the selling side as a net outflow of $3.6 million o
Published 27 Jun, 2011 12:00am
Futures open interest up by 8.6 percent

Futures open interest up by 8.6 percent

Total open interest at futures counter increased by 8.6 percent to Rs 1.25 billion during the week ended on June 24, 2011. On the other hand, futures spreads declined by 300bps to 8.14 percent. Trading at the futures counter improved and the average daily
Published 27 Jun, 2011 12:00am
Futures open interest up by 8.6 percent

Futures open interest up by 8.6 percent

Total open interest at futures counter increased by 8.6 percent to Rs 1.25 billion during the week ended on June 24, 2011. On the other hand, futures spreads declined by 300bps to 8.14 percent. Trading at the futures counter improved and the average daily
Published 27 Jun, 2011 12:00am
Futures open interest up by 8.6 percent

Futures open interest up by 8.6 percent

Total open interest at futures counter increased by 8.6 percent to Rs 1.25 billion during the week ended on June 24, 2011. On the other hand, futures spreads declined by 300bps to 8.14 percent. Trading at the futures counter improved and the average daily
Published 27 Jun, 2011 12:00am
Futures open interest up by 8.6 percent

Futures open interest up by 8.6 percent

Total open interest at futures counter increased by 8.6 percent to Rs 1.25 billion during the week ended on June 24, 2011. On the other hand, futures spreads declined by 300bps to 8.14 percent. Trading at the futures counter improved and the average daily
Published 27 Jun, 2011 12:00am
BIS warns of new debt, property risks in emerging markets

BIS warns of new debt, property risks in emerging markets

Emerging econo-mies are at risk of building up debt levels and property bubbles similar to those in advanced economies that triggered the recent financial crisis, the Bank for International Settlements warned Sunday.
Published 27 Jun, 2011 12:00am
BIS warns of new debt, property risks in emerging markets

BIS warns of new debt, property risks in emerging markets

Emerging econo-mies are at risk of building up debt levels and property bubbles similar to those in advanced economies that triggered the recent financial crisis, the Bank for International Settlements warned Sunday.
Published 27 Jun, 2011 12:00am
BIS warns of new debt, property risks in emerging markets

BIS warns of new debt, property risks in emerging markets

Emerging econo-mies are at risk of building up debt levels and property bubbles similar to those in advanced economies that triggered the recent financial crisis, the Bank for International Settlements warned Sunday.
Published 27 Jun, 2011 12:00am
BIS warns of new debt, property risks in emerging markets

BIS warns of new debt, property risks in emerging markets

Emerging econo-mies are at risk of building up debt levels and property bubbles similar to those in advanced economies that triggered the recent financial crisis, the Bank for International Settlements warned Sunday.
Published 27 Jun, 2011 12:00am
Remote Chinese region hit by 5.3 quake

Remote Chinese region hit by 5.3 quake

A 5.3-magnitude earthquake struck China's Tibetan-inhabited region of Qinghai Sunday afternoon, the US Geological Survey reported, in an area hit by a devastating quake last year. The epicentre of the quake was in Yushu prefecture and struck at a depth of
Published 27 Jun, 2011 12:00am
Thailand quits heritage body amid temple row

Thailand quits heritage body amid temple row

Thailand has withdrawn from UNESCO'S World Heritage Convention because of a row with Cambodia over a disputed 900-year-old temple, a top official said. Thailand announced its decision at a meeting in Paris on Saturday, its representative to the talks, Nat
Published 27 Jun, 2011 12:00am
Two killed in US train crash

Two killed in US train crash

At least two people were killed when a truck slammed into the side of California-bound Amtrak train in Nevada, and more bodies could be found in the wreckage, police said Saturday. The truck driver and at least one passenger died in the crash Friday east
Published 27 Jun, 2011 12:00am
Six mountaineers die in French Alps

Six mountaineers die in French Alps

A hiker on Sunday found the bodies of six mountaineers in the French Alps who appeared to have died in an avalanche of snow and stones, officials said. The bodies found on Neige Cordier summit at 2,700 metres (8,850 feet) were taken by helicopter to the n
Published 27 Jun, 2011 12:00am
Mango Expo 2011 achieves its objectives: President HCCI

Mango Expo 2011 achieves its objectives: President HCCI

President Hyderabad Chamber of Commerce & Industry speaking at the closing ceremony of Mango Expo 2011 held with collaboration of Trade Development Authority Pakistan and assisted by Agriculture Department and District Government Hyderabad said the expo h
Published 27 Jun, 2011 12:00am
Pakistan firing missiles into Afghanistan, accuses Karzai

Pakistan firing missiles into Afghanistan, accuses Karzai

Afghan President Hamid Karzai accuses Pakistan of firing 470 rockets into two of its eastern border provinces in a three-week barrage. Afghan security forces said Sunday that 36 people have died in the barrages, which hit civilians in areas where Nato for
Published 27 Jun, 2011 12:00am
Pakistan firing missiles into Afghanistan, accuses Karzai

Pakistan firing missiles into Afghanistan, accuses Karzai

Afghan President Hamid Karzai accuses Pakistan of firing 470 rockets into two of its eastern border provinces in a three-week barrage. Afghan security forces said Sunday that 36 people have died in the barrages, which hit civilians in areas where Nato for
Published 27 Jun, 2011 12:00am
Bugti's grandson among six killed in shootout

Bugti's grandson among six killed in shootout

Six persons were killed in a brawl in a party at a private bungalow of Defence Area in Gizri police limits early Sunday morning, a top police official said.
Published 27 Jun, 2011 12:00am
Bugti's grandson among six killed in shootout

Bugti's grandson among six killed in shootout

Six persons were killed in a brawl in a party at a private bungalow of Defence Area in Gizri police limits early Sunday morning, a top police official said.
Published 27 Jun, 2011 12:00am
Reko Diq projec: Antofagasta, Barrick likely to win mining rights

Reko Diq projec: Antofagasta, Barrick likely to win mining rights

Chile's Antofagasta and Canada's Barrick Gold are likely to win mining rights for the $3.3 billion copper and gold project, a senior provincial government official said on Sunday. The companies are partners in the Tethyan Copper Co (TCC) joint venture, wh
Published 27 Jun, 2011 12:00am
Reko Diq projec: Antofagasta, Barrick likely to win mining rights

Reko Diq projec: Antofagasta, Barrick likely to win mining rights

Chile's Antofagasta and Canada's Barrick Gold are likely to win mining rights for the $3.3 billion copper and gold project, a senior provincial government official said on Sunday. The companies are partners in the Tethyan Copper Co (TCC) joint venture, wh
Published 27 Jun, 2011 12:00am
Reko Diq projec: Antofagasta, Barrick likely to win mining rights

Reko Diq projec: Antofagasta, Barrick likely to win mining rights

Chile''s Antofagasta and Canada''s Barrick Gold are likely to win mining rights for the $3.3 billion copper and gold project, a senior provincial government official said on Sunday. The companies are partners in the Tethyan Copper Co (TCC) joint venture,
Published 27 Jun, 2011 12:00am
Venezuela tells foes to 'stop dreaming' of Chavez's death

Venezuela tells foes to 'stop dreaming' of Chavez's death

Senior allies of Venezuela's socialist President Hugo Chavez have rubbished reports he is sicker than the government has admitted, telling his enemies to "stop dreaming" of his death. The normally verbose leader has not been seen in public since a June 10
Published 27 Jun, 2011 12:00am
Venezuela tells foes to 'stop dreaming' of Chavez's death

Venezuela tells foes to 'stop dreaming' of Chavez's death

Senior allies of Venezuela's socialist President Hugo Chavez have rubbished reports he is sicker than the government has admitted, telling his enemies to "stop dreaming" of his death. The normally verbose leader has not been seen in public since a June 10
Published 27 Jun, 2011 12:00am
China's Wen begins UK visit as Beijing frees activist

China's Wen begins UK visit as Beijing frees activist

Chinese Premier Wen Jiabao toured Britain on Sunday, in a European trip aimed at cementing trade links, as Bejing freed high-profile human rights activist Hu Jia in a move seen as defusing tensions. Wen arrived in the central English city of Birmingham la
Published 27 Jun, 2011 12:00am
China's Wen begins UK visit as Beijing frees activist

China's Wen begins UK visit as Beijing frees activist

Chinese Premier Wen Jiabao toured Britain on Sunday, in a European trip aimed at cementing trade links, as Bejing freed high-profile human rights activist Hu Jia in a move seen as defusing tensions. Wen arrived in the central English city of Birmingham la
Published 27 Jun, 2011 12:00am
Clashes outside court trying Egypt former minister

Clashes outside court trying Egypt former minister

Hundreds of Egyptians angry with the delays in the trial of ex-interior minister Habib Adly clashed on Sunday with anti-riot police outside the courtroom, an AFP reporter witnessed. Adly, once one of ousted leader Hosni Mubarak's most trusted ministers, a
Published 27 Jun, 2011 12:00am
Clashes outside court trying Egypt former minister

Clashes outside court trying Egypt former minister

Hundreds of Egyptians angry with the delays in the trial of ex-interior minister Habib Adly clashed on Sunday with anti-riot police outside the courtroom, an AFP reporter witnessed. Adly, once one of ousted leader Hosni Mubarak's most trusted ministers, a
Published 27 Jun, 2011 12:00am
Qadhafi agrees to stay out of Libya talks: AU panel

Qadhafi agrees to stay out of Libya talks: AU panel

Libyan leader Moamer Qadhafi has agreed to stay out of negotiations on ending his country's four-month conflict, African leaders said in a communique after talks Sunday in South Africa. The African Union panel on Libya "welcomes Colonel Kadhafi's acceptan
Published 27 Jun, 2011 12:00am
Qadhafi agrees to stay out of Libya talks: AU panel

Qadhafi agrees to stay out of Libya talks: AU panel

Libyan leader Moamer Qadhafi has agreed to stay out of negotiations on ending his country's four-month conflict, African leaders said in a communique after talks Sunday in South Africa. The African Union panel on Libya "welcomes Colonel Kadhafi's acceptan
Published 27 Jun, 2011 12:00am
Israel warns journalists not to board Gaza flotilla

Israel warns journalists not to board Gaza flotilla

Israel warned foreign journalists on Sunday they could be barred from the country for 10 years if they board a new flotilla that plans to challenge an Israeli naval blockade of the Hamas-ruled Gaza Strip.
Published 27 Jun, 2011 12:00am
Israel warns journalists not to board Gaza flotilla

Israel warns journalists not to board Gaza flotilla

Israel warned foreign journalists on Sunday they could be barred from the country for 10 years if they board a new flotilla that plans to challenge an Israeli naval blockade of the Hamas-ruled Gaza Strip.
Published 27 Jun, 2011 12:00am
Trial of 85 Qaeda suspects begins in Saudi

Trial of 85 Qaeda suspects begins in Saudi

Eighty-five al Qaeda suspects went on trial in a special Saudi security court on Sunday in connection with deadly attacks carried out in the kingdom, state news agency SPA said. The defendants face charges of belonging to al Qaeda, of taking part in attac
Published 27 Jun, 2011 12:00am
Trial of 85 Qaeda suspects begins in Saudi

Trial of 85 Qaeda suspects begins in Saudi

Eighty-five al Qaeda suspects went on trial in a special Saudi security court on Sunday in connection with deadly attacks carried out in the kingdom, state news agency SPA said. The defendants face charges of belonging to al Qaeda, of taking part in attac
Published 27 Jun, 2011 12:00am
Gulf economies to grow on average four percent in 2011: AMF

Gulf economies to grow on average four percent in 2011: AMF

Gulf economies will grow on average 4 percent this year thanks to elevated oil prices but Bahrain will underperform the others because of political turbulence, the head of the Arab Monetary Fund (AMF) said on Sunday.
Published 27 Jun, 2011 12:00am
Gulf economies to grow on average four percent in 2011: AMF

Gulf economies to grow on average four percent in 2011: AMF

Gulf economies will grow on average 4 percent this year thanks to elevated oil prices but Bahrain will underperform the others because of political turbulence, the head of the Arab Monetary Fund (AMF) said on Sunday.
Published 27 Jun, 2011 12:00am
Gulf economies to grow on average four percent in 2011: AMF

Gulf economies to grow on average four percent in 2011: AMF

Gulf economies will grow on average 4 percent this year thanks to elevated oil prices but Bahrain will underperform the others because of political turbulence, the head of the Arab Monetary Fund (AMF) said on Sunday.
Published 27 Jun, 2011 12:00am
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