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Archive - 2011-08-04
Mexican consumers confident in 3 years
Top News

Mexican consumers confident in 3 years

MEXICO CITY : Mexican consumer confidence jumped to its highest in more than three years in July in a positive sign for
Published 04 Aug, 2011 03:36pm
Brazil auto output up 3.9pc
Industry

Brazil auto output up 3.9pc

SAO PAULO : Automobile production in Brazil rose 3.9 percent and sales increased 0.6 percent in July from June, the
Published 04 Aug, 2011 02:04pm
Visteon raises FY review
Financial

Visteon raises FY review

BANGALORE : Auto parts maker Visteon Corp, which emerged from bankruptcy last year, posted a quarterly profit and raised
Published 04 Aug, 2011 12:26pm
Forex reserves rise to record $18.31bn
Top News

Forex reserves rise to record $18.31bn

KARACHI : Pakistan 's foreign exchange reserves rose to a record $18.31 billion in the week ending July 30, up from the
Published 04 Aug, 2011 09:26am
Govt to provide Rs 6.1bn for PR
Top News

Govt to provide Rs 6.1bn for PR

ISLAMABAD : The Cabinet Committee on Restructuring (CCOR) of Public Sector Enterprises here on Friday decided to prov
Published 04 Aug, 2011 09:26am
Gold imports fall by 21pc
Top News

Gold imports fall by 21pc

ISLAMABAD : The imports of gold into the country witnessed fall of 20.99 percent during the fiscal year 2010-11, as agai
Published 04 Aug, 2011 08:30am
US borrowing tops 100pc of GDP: Treasury
Top News

US borrowing tops 100pc of GDP: Treasury

WASHINGTON: US gross debt shot up $238 billion to reach 100 percent of gross domestic product after the government's deb
Published 04 Aug, 2011 05:26am
The exponential rise of Nestle
BR Research

The exponential rise of Nestle

The only thing to do with Nestle that no one seems to want to sell, are its shares. The companys stock price has more than doubled since las
Published 04 Aug, 2011 12:00am
Engro Foods going green
BR Research

Engro Foods going green

Engro Foods stood to its promise of delivering a much better result than the previous half year. The top-line showed a hearty growth proving
Published 04 Aug, 2011 12:00am
Flood of broken promises
BR Research

Flood of broken promises

It has been about a year since the devastating deluge that ripped through the country, yet issues hampering the rehabilitation of many of th
Published 04 Aug, 2011 12:00am
Government urged to save textile industry from cotton crisis

Government urged to save textile industry from cotton crisis

The Chairman of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), Ijaz A Khokhar, has urged the Ministry of Textile Industry and Ministry of Commerce to protect the textile industry stakeholders from the negative impact of prevai
Published 04 Aug, 2011 12:00am
'Road-charge tax': LHC restrains NHA

'Road-charge tax': LHC restrains NHA

Lahore High Court (LHC) here on Wednesday restraining National Highways Authority (NHA) from recovering 'road-charge tax' from CNG stations and sought reply from federal government in this regard. A CNG station owner Abdul Kalaam through his counsel submi
Published 04 Aug, 2011 12:00am
Health education drive for dengue fever control begins

Health education drive for dengue fever control begins

With a view to supervising the arrangements regarding control of dengue fever, the Punjab government has assigned duties to the Directors of Health in as many as 10 towns of Lahore. The Directors of Health will work in collaboration with City District Gov
Published 04 Aug, 2011 12:00am
Constable abducted in Sohbatpur

Constable abducted in Sohbatpur

Unknown armed men have kidnapped a police head constable from his house in Sohbatpur area of Jaffarabad. "Unidentified gunmen entered house of police head constable Rasool Bakhsh in Goth Jarwar and took him away to unknown destination at gunpoint," police
Published 04 Aug, 2011 12:00am
Students urged to use expertise in field of cosmetics

Students urged to use expertise in field of cosmetics

The University of Veterinary and Animal Sciences (UVAS) Vice-Chancellor, Professor Dr Muhammad Nawaz, has urged the students to use their expertise in the field of cosmetics, which is expanding every passing day and Pakistan alone is importing cosmetic pr
Published 04 Aug, 2011 12:00am
Ten Sasta Bazaars set up in Multan

Ten Sasta Bazaars set up in Multan

With advent of the month of Ramazan, the people, residing in Multan, have thronged to seven sasta bazaars for purchasing items of daily use where rates of food items were comparatively lower than rates of market and weekly bazaars. According to press rele
Published 04 Aug, 2011 12:00am
PEF to expand its FAS programme

PEF to expand its FAS programme

Punjab Education Foundation (PEF) has finalised all arrangements to expand its Foundation Assisted Schools (FAS) programme in seven new districts to accommodate poor students by providing them free quality education in their areas. This was stated by Chai
Published 04 Aug, 2011 12:00am
FBR must get its act together

FBR must get its act together

The Implementation Commission on the 18th Amendment has directed the Federal Board of Revenue (FBR) to review all existing tax laws and synchronise them with the relevant passages of the amendment.
Published 04 Aug, 2011 12:00am
Syria's Hama

Syria's Hama

It's profoundly saddening to learn of the savage crackdown launched by the Syrian security forces on the eve of Ramazan killing some 140 protestors in a number of cities across the country. That the rebel city of Hama, said to be the citadel of Syria's di
Published 04 Aug, 2011 12:00am
VIEW POINT: It isn't over yet

VIEW POINT: It isn't over yet

Speaking on Monday in a special session of the National Assembly his party had requisitioned, Prime Minister Gilani hurled taunts at the Opposition, which had earlier in the day passed a resolution urging civil servants to "stand up against any violations
Published 04 Aug, 2011 12:00am
Spiderman Putin looks to build a new Russia

Spiderman Putin looks to build a new Russia

With the onset of the holiday season, Russians had expected a break from the power play between President Dmitry Medvedev and Prime Minister Vladimir Putin. However, while Medvedev disappeared from television screens at the start of the week, Putin was se
Published 04 Aug, 2011 12:00am
Weapon of mass attention

Weapon of mass attention

This is with reference to the newly appointed foreign minister Hina Rabbani Khar who visited India recently where the entire Indian media focused on her personality and stylish attire, expensive handbag, sun glasses, pearl necklace, diamond bracelet and e
Published 04 Aug, 2011 12:00am
No reconciliation process in Afghanistan without Pakistan: Grossman

No reconciliation process in Afghanistan without Pakistan: Grossman

The United States of America on Wednesday assured that it does not contemplate any reconciliation process in Afghanistan without Pakistan. This was stated by Ambassador Marc Grossman, Special Representative for Pakistan and Afghanistan here at the PM Hous
Published 04 Aug, 2011 12:00am
Pakistan among 21 undernourished nations: Oxfam

Pakistan among 21 undernourished nations: Oxfam

Pakistan is among the 21 nations of the world that are undernourished according to a report released by Oxfam organisation. The new interactive map published by Oxfam on Wednesday shows how poor communities across the world are being hurt by high and vola
Published 04 Aug, 2011 12:00am
Malik asks PTA to help police in detection of terrorists

Malik asks PTA to help police in detection of terrorists

Minister for Interior, Senator Rehman Malik, has directed Pakistan Telecommunication Authority (PTA) to help Karachi Police in detection of terrorists and overcome the illegal use of mobile phones in the country. Chairing a meeting at National Crisis Mana
Published 04 Aug, 2011 12:00am
Amin Fahim rules out military operation in Karachi

Amin Fahim rules out military operation in Karachi

Minister for Commerce Makhdoom Amin Fahim on Wednesday ruled out military operation in Karachi and urged all the political parties to sit together and deliberate to improve the law order situation in the city. Talking to media outside the parliament he sa
Published 04 Aug, 2011 12:00am
Four more killed in Karachi violence

Four more killed in Karachi violence

Although the Law Enforcement Agencies (LEAs) have started conducting air surveillance and search operations in the affected areas, no quiescent in ongoing spate of violence as four more persons including an activist of Muttahida Qaumi Movement (MQM) were
Published 04 Aug, 2011 12:00am
Amjad lauds MSSST for facilitating young players

Amjad lauds MSSST for facilitating young players

"There is no dearth of talented players in Khyber Pakhtunkhwa and the soil can produce best players, if facilities provided to the sports-lovers, Amjad Ali Arbab, Country Manager Pakistan Shore Bank of America, said here on Tuesday.
Published 04 Aug, 2011 12:00am
Scholars pay rich tribute to Dr Abdul Jabbar

Scholars pay rich tribute to Dr Abdul Jabbar

Scholars while paying rich tribute to noted scholar Dr Abdul Jabbar Junejo, said that Dr Junejo contributed a lot for Sindhi language and literature; he was a man of multi qualities and was an expert of various languages as well as music. In a condolence
Published 04 Aug, 2011 12:00am
APTTA to increase revenues: Secy Commerce

APTTA to increase revenues: Secy Commerce

Afghanistan-Pakistan Transit Trade Agreement (APTTA) is not against the interests of Pakistan and will result in increased revenue for the country by providing access to landlocked Central Asian markets. This was stated by the Secretary Commerce, Zafar Ma
Published 04 Aug, 2011 12:00am
Emirates enters a new chapter by starting flights to Denmark

Emirates enters a new chapter by starting flights to Denmark

Emirates has entered a new chapter by starting flights to Denmark and the land of famous story teller Hans Christian Andersen. The launch of a non-stop daily service to Copenhagen takes Emirates' own story into brand new territory as its first passenger s
Published 04 Aug, 2011 12:00am
Sarfraz Shah case: Supreme Court gives ATC further 15 days for decision

Sarfraz Shah case: Supreme Court gives ATC further 15 days for decision

The Supreme Court (SC) on Wednesday gave 15 more days to Anti-Terrorism Court (ATC) for deciding the cold blooded murder case of an unarmed youth, Sarfraz Shah, by Rangers in Karachi, with directive to the ATC to carry on hearing without any fear or favou
Published 04 Aug, 2011 12:00am
Karachi University BDS final year exams results

Karachi University BDS final year exams results

Tahara Jamil and Sehrish Sarosh of BDS Final Year of Altamash Institute Of Dental Medicine have secured the First and Third positions in the BDS Final Professional Results 2011, at Karachi University (KU).
Published 04 Aug, 2011 12:00am
Analyst appreciates Zardari's proposals on Pak-US accord

Analyst appreciates Zardari's proposals on Pak-US accord

Analyst Dr Rasul Bakhsh Raees appreciated President Zardari's proposal regarding a clear cut agreement between Pak-US in war against terrorism and said that implementation of the proposals would be in the interest of Islamabad and Washington.
Published 04 Aug, 2011 12:00am
Administrative operations of FBR fragile: KTBA

Administrative operations of FBR fragile: KTBA

Karachi Tax Bar Association (KTBA) has said that the administrative operations of FBR is gradually turning out to be fragile as the revenue body has failed to upload tax return format on its E-portal since April 13, 2011 when the draft of tax return 2011
Published 04 Aug, 2011 12:00am
BQATI, PQA install security monitoring system

BQATI, PQA install security monitoring system

Bin Qasim Association of Trade and Industry (BQATI), in collaboration with Port Qasim Authority (PQA), has installed security monitoring system at the newly installed main entrance check post and boundary wall at the main entrance of PQA, completing the f
Published 04 Aug, 2011 12:00am
There is no loadshedding in industrial areas, says chairman SAI

There is no loadshedding in industrial areas, says chairman SAI

Production activates remain normal on Wednesday and Industrial units were operating smoothly without any power problem on the other side in residential areas people are facing 8 to 18 hours loadshedding in day and night. Chairman Site Association of Indus
Published 04 Aug, 2011 12:00am
720th Swiss National Day observed

720th Swiss National Day observed

Consul General of Switzerland Mr Didier Boschung hosted a reception last evening to celebrate the 720th anniversary of the foundation of the Swiss Confederation. It was indeed in 1291 that three men representing the mountain states (called cantons) of Uri
Published 04 Aug, 2011 12:00am
Turkish CG given farewell reception

Turkish CG given farewell reception

Pakistan and Turkey are two brother states, but the ties between the two countries have been strengthen further during last three to four years," this was stated by Consul General of UAE Suhail Bin Matar Al Ketbi, at reception in honour of outgoing Consul
Published 04 Aug, 2011 12:00am
Shell Rimula Consumer Promotion 2011

Shell Rimula Consumer Promotion 2011

Shell Pakistan Ltd, the premier Oil and Lubricants Company, awarded a tractor on Wednesday to one of the winner's of the lucky draw for its promotional campaign, which aimed to give its valuable end consumers a chance to participate and win multitude of p
Published 04 Aug, 2011 12:00am
28 Revenue officers delegated magisterial powers

28 Revenue officers delegated magisterial powers

Deputy Commissioner Hyderabad Asif Ali Memon has warned the profiteers to refrain from charging high prices from consumers or be ready to face the music. This he observed while paying surprise visit of different markets in Qasimabad and Hyderabad City on
Published 04 Aug, 2011 12:00am
SECP simplifies grant of licenses to non-profit associations

SECP simplifies grant of licenses to non-profit associations

The Security and Exchange Commission of Pakistan (SECP) has simplified and relaxed conditions for grant of license to non-profit associations, regarding multiple objectives, start-up donation, mandatory registration within three months, and criteria for C
Published 04 Aug, 2011 12:00am
Six MCB employees with spouses to perform Umrah

Six MCB employees with spouses to perform Umrah

Balloting for selection of employees to perform Umrah this year under Umrah Mubarak Scheme took place at the office of MCB Employees Foundation, Lahore. Six employees of MCB Bank from all over Pakistan in various categories of Executives, Officers, Assist
Published 04 Aug, 2011 12:00am
'PAC to ensure proper usage of funds'

'PAC to ensure proper usage of funds'

Chairman Public Accounts Committee (PAC) Gilgit-Baltistan Razi-ud-Din Rizvi has said his duty is to ensure proper utilisation of public related funds. Talking to newsmen on Wednesday, he said a proper mechanism had been adopted in different government dep
Published 04 Aug, 2011 12:00am
PIDE projects 15 percent inflation for 2011-12

PIDE projects 15 percent inflation for 2011-12

Pakistan Institute of Development Economics (PIDE) has projected 15 percent inflation for the current year 2011-12. According to the Inflation Expectations Survey released by PIDE on Wednesday, public is expecting high inflation and high unemployment. How
Published 04 Aug, 2011 12:00am
Four killed as van falls into ravine

Four killed as van falls into ravine

Four passengers were killed while 10 others sustained injuries when a van fell into a deep ravine along riverside at Asgharabad, some five kilometres from here on Wednesday, police said. The ill-fated van was coming from Rahim Kot but as it was about to e
Published 04 Aug, 2011 12:00am
Special package for Kurrum Agency demanded

Special package for Kurrum Agency demanded

The Majlis e Wahdat-e-Muslimeen, (MWM) Pakistan has called for a special package for Kurrum Agency by declaring the region as 'calamity hit' and stressed the need of implementation of peace accord for establishment of everlasting peace in the agency.
Published 04 Aug, 2011 12:00am
Japanese Ambassador meets Textile Minister

Japanese Ambassador meets Textile Minister

Japanese Ambassador Hiroshi OE vowed to persuade Japanese businessmen to invest in the Pakistan Textile City. "Pakistan has huge potential and the idea of Textile City was very attractive", said Hiroshi OE who called on Federal Minister for Textile Indust
Published 04 Aug, 2011 12:00am
Khyber Pakhtunkhwa Governor hails Munter stance on drone attacks

Khyber Pakhtunkhwa Governor hails Munter stance on drone attacks

Governor Khyber Pakhtunkhwa Barrister Masood Kausar on Wednesday appreciated the stance taken by the US Ambassador to Pakistan Cameron Munter about drone attacks in Pakistan's tribal areas and described it "a realisation of ground realities and an endorse
Published 04 Aug, 2011 12:00am
Gold hits record again

Gold hits record again

Gold rose toward $1,675 an ounce on Wednesday, hitting its second record in two days, as investors sought refuge from stock market volatility, a slowing economy and an extended period of loose US monetary policy. Bullion rose as the Wall Street hit a low
Published 04 Aug, 2011 12:00am
US MIDDAY: gold hits record again

US MIDDAY: gold hits record again

Gold rallied to a record on Wednesday for the second straight session, as investors sought refuge from slumping stock markets, volatile currencies, a slowing economy and fears of more loose US monetary policy. Bullion rose a the S&P 500 hit a low for year
Published 04 Aug, 2011 12:00am
US MIDDAY: corn and wheat down

US MIDDAY: corn and wheat down

Chicago Board of Trade corn and wheat futures fell early Wednesday as traders locked in profits from a sharp rally earlier this week, traders said. Soybean futures also fell, weighed down by a 2 percent drop in the crude oil market. At 9:35 am CDT (1435 G
Published 04 Aug, 2011 12:00am
US MIDDAY: sugar lower

US MIDDAY: sugar lower

Sugar and coffee futures reversed down on Wednesday, as investors were cautious over the outlook for global economic growth and world stocks neared five-month lows. "The macro (economic picture) is not pretty so commodities in general are slumping," one U
Published 04 Aug, 2011 12:00am
Gold at second successive record in Europe

Gold at second successive record in Europe

Gold hit a record for a second straight day on Wednesday, powered by deepening fears over the spread of the eurozone debt crisis, while the most recent batch of US data did not dispel concern about the world's biggest economy. The United States avoided an
Published 04 Aug, 2011 12:00am
US gold soars to all-time high

US gold soars to all-time high

Gold surged over 2 percent to all-time highs on Tuesday, as investors scrambled for a safe haven from sliding stock markets, a sputtering economy and a potential downgrade of the top-notch US credit rating. Bullion notched its biggest daily gain since Nov
Published 04 Aug, 2011 12:00am
Gold hits record in Asia

Gold hits record in Asia

Gold hit a record high on Wednesday, as investors made a beeline for bullion to shelter from the impact of a deteriorating global economic outlook and Europe's worsening debt crisis. Spot gold rose to an all-time high of $1,671.39 an ounce, hitting its ni
Published 04 Aug, 2011 12:00am
Liffe sugar and coffee lower

Liffe sugar and coffee lower

Sugar and coffee futures reversed down on Wednesday, as investors were cautious over the outlook for global economic growth and world stocks neared five-month lows. Cocoa futures fell to seven-week lows as risk averse sentiment continued to weigh on the c
Published 04 Aug, 2011 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures ended higher on Wednesday, boosted by early gains in agricultural markets and expectations of a spike in demand during the Muslim fasting month of Ramazan, but gains were capped by worries about the global economy. The benchmark
Published 04 Aug, 2011 12:00am
New York sugar at one-month low

New York sugar at one-month low

Raw sugar futures closed lower for the fourth straight session Tuesday, ending at a one-month low on pressure from economic growth worries and as the market continued to correct down from a five-month peak. Key October raw sugar futures dropped 0.81 cent,
Published 04 Aug, 2011 12:00am
Tokyo rubber up; Shanghai down

Tokyo rubber up; Shanghai down

Key Tokyo rubber futures erased earlier losses and ended higher on Wednesday as firmness in Shanghai rubber futures encouraged investors to buy back rubber, though weakness in oil and stocks on concerns over the US economy limited gains. The key Tokyo Com
Published 04 Aug, 2011 12:00am
Oil falls on US inventory build, weak data

Oil falls on US inventory build, weak data

Oil losses deepened to nearly 3 percent on Wednesday, stung by an across-the-board rise in US petroleum inventories and weak US data adding to economic uncertainties that have weighed on prices over the past week. US gasoline stockpiles rose sharply and d
Published 04 Aug, 2011 12:00am
Copper declines

Copper declines

Copper fell to a three-week low on Wednesday on mounting concerns that a slowdown in US growth would hurt demand for metals, but supply uncertainty helped limit further falls as a strike at Chile's Escondida mine entered its 13th day. Benchmark copper on
Published 04 Aug, 2011 12:00am
Shanghai copper up

Shanghai copper up

The most active October copper contract on the Shanghai Futures Exchange edged up 0.1 percent to 72,060 yuan per tonne on Wednesday, catching up with overnight gains in London after falling 1.9 percent in the last session.
Published 04 Aug, 2011 12:00am
Copper rebounds

Copper rebounds

In New York, the key September COMEX contract shed 1.50 cents to settle at $4.3950 per lb, after dealing between $4.3730 and $4.4250. Selling momentum gathered pace early in the day after data showed US consumer spending unexpectedly fell in June to post
Published 04 Aug, 2011 12:00am
New York cotton sharply higher

New York cotton sharply higher

Cotton futures closed sharply higher on Tuesday, but not before setting a near three-week high, after the US Senate passed a new debt bill, restoring confidence in soft commodity markets, analysts said. As upside targets were breached, the technical outlo
Published 04 Aug, 2011 12:00am
Transfers and postings

Transfers and postings

Iftikhar Rasool, Director Anti-Corruption Establishment, Sargodha Region, (proceeding to attend 10th Senior Management Course at National Management College, Lahore) has been transferred with immediate effect and directed to report to Services & General A
Published 04 Aug, 2011 12:00am
Use of ACs ruins Pepco's planning

Use of ACs ruins Pepco's planning

Excessive use of air conditioners has ruined the planning of Pepco authorities', which is making full effort to supply uninterrupted power to domestic consumers during Sehri and Iftar. The domestic demand of electricity has increased by 3000MW this year,
Published 04 Aug, 2011 12:00am
Nishter colony case: CJ LHC adjourns proceedings

Nishter colony case: CJ LHC adjourns proceedings

The Lahore High Court Chief Justice here on Thursday adjourned for a week the proceedings in a petition seeking change of investigation in Nishter colony fake encounter case and directed all the parties conclude their arguments. Earlier the court rejected
Published 04 Aug, 2011 12:00am
'To end US slavery': JI to hold referendum next month

'To end US slavery': JI to hold referendum next month

The Jamaat-e-Islami will hold a countrywide referendum on September 16 to gain public opinion 'to end US slavery'. A decision to this effect was made by the JI Planning Committee headed by party Secretary General, Liaquat Baloch at a meeting, here on Wedn
Published 04 Aug, 2011 12:00am
PUCIT declares BS (SE) entry test result

PUCIT declares BS (SE) entry test result

A united and committed team of Punjab University College of Information Technology (PUCIT), under the dynamic leadership of Principal Dr Syed Mansoor Sarwar, had declared the result of BS Software Engineering (SE) entry test just in five hours after the c
Published 04 Aug, 2011 12:00am
Ramazan fighting threatens Somali famine relief

Ramazan fighting threatens Somali famine relief

Somali refugees caught between famine and civil war appealed to international aid organisations to ramp up the distribution of emergency relief supplies that has been jeopardised by heavy fighting in the capital Mogadishu. Hundreds of drought-hit Somalis
Published 04 Aug, 2011 12:00am
US sees no credible threats before 9/11 anniversary

US sees no credible threats before 9/11 anniversary

There have been no credible or specific threats against the United States yet ahead of the tenth anniversary of the September 11 attacks, US Homeland Security Secretary Janet Napolitano said on Wednesday. US officials have been on high alert for possible
Published 04 Aug, 2011 12:00am
France to extradite Noriega to Panama

France to extradite Noriega to Panama

Panama's ex-strongman Manuel Noriega looked set Wednesday to finally return home - and go straight into custody there - after more than two decades in foreign prisons, as France ordered his extradition. The pock-marked 77-year-old general nicknamed "Pinea
Published 04 Aug, 2011 12:00am
Israel 'uprising' activists enraged by housing bill

Israel 'uprising' activists enraged by housing bill

Activists from Israel's social protest movement reacted furiously on Wednesday after parliament passed a housing bill that they say will favour the rich and endanger the environment. Police said that hundreds of demonstrators blocked intersections in citi
Published 04 Aug, 2011 12:00am
Russia reopens case against dead lawyer

Russia reopens case against dead lawyer

Russian investigators re-opened a criminal case Wednesday against a whistleblower who died in pre-trial detention after being arrested by police officials he suspected of massive fraud. Attorney Sergei Magnitsky accused the authorities of receiving $230 m
Published 04 Aug, 2011 12:00am
Libyan rebels say counter-attack at Zlitan repelled

Libyan rebels say counter-attack at Zlitan repelled

Libyan rebels said on Wednesday they had fought off an attack on positions around Zlitan, contradicting government claims of victory in a town insurgents hope will pave the way for an advance on the capital. Tuesday's assault by forces loyal to Muammar Qa
Published 04 Aug, 2011 12:00am
PCO judges: Supreme Court issues notices to AGP, secretary law division

PCO judges: Supreme Court issues notices to AGP, secretary law division

The Supreme Court (SC) Wednesday issued notices to the Attorney General for Pakistan (AGP) Maulvi Anwar-ul-Haq and Secretary Law division, Masood Chishti to appear before the court on August 5 over the non- implementation of its verdict in the case of six
Published 04 Aug, 2011 12:00am
16 Pakistanis released from private jails in Afghanistan

16 Pakistanis released from private jails in Afghanistan

Sixteen Pakistanis have been released from the Afghanistan's slave labour and talks are underway for release of more Pakistanis who are languishing in the private jails of Afghanistan. This was stated by Chairman of Ansar Burney Trust and human rights act
Published 04 Aug, 2011 12:00am
Engro Food reports profit

Engro Food reports profit

Engro Food Ltd has posted a profit after tax of Rs 216.510 million for the half year ending June 30, 2011. According to financial results of the company despatched to Karachi Stock Exchange (KSE) on Wednesday, the company has reported a pre-tax profit of
Published 04 Aug, 2011 12:00am
Engro Food reports profit

Engro Food reports profit

Engro Food Ltd has posted a profit after tax of Rs 216.510 million for the half year ending June 30, 2011. According to financial results of the company despatched to Karachi Stock Exchange (KSE) on Wednesday, the company has reported a pre-tax profit of
Published 04 Aug, 2011 12:00am
FBR should withdraw from collection of FEDoS: Qaim writes to Gilani

FBR should withdraw from collection of FEDoS: Qaim writes to Gilani

Sindh Chief Minister Syed Qaim Ali Shah has written a letter to Prime Minister Syed Yousuf Raza Gilani requesting him to direct the Federal Board of Revenue to immediately withdraw from the collection of Federal Excise Duty on Services (FEDoS), reliable s
Published 04 Aug, 2011 12:00am
'Kitchen gardening to pave way for sowing of organic vegetables'

'Kitchen gardening to pave way for sowing of organic vegetables'

Punjab Agriculture Minister Ahmad Ali Aulakh has directed the provincial agriculture department to ensure availability of high quality and high yielding vegetable seeds till August 15 to make the Chief Minister Punjab's 'Kitchen Gardening' programme a gre
Published 04 Aug, 2011 12:00am
Railways drivers hold protest, seek upgradation of engines

Railways drivers hold protest, seek upgradation of engines

The drivers of Pakistan Railways have registered their protest for non-upgradation of Railway engines causing delay in the departure of trains here on Wednesday. "Trains including Shah Rukn-e-Alam, Hazara Express, Awami Express, Super Express and Pakistan
Published 04 Aug, 2011 12:00am
Second phase of population census to start in September

Second phase of population census to start in September

The Population Census Organisation (PCO) of the Statistics Division will start the second phase of 6th National Population and House Census after Ramazan (in September) all across the country. Director General of Population Census Organisation Muhammad Ak
Published 04 Aug, 2011 12:00am
New York police launch system to detect radiation

New York police launch system to detect radiation

The New York Police Department is launching a mobile radiation detection system equipped with location-tracking GPS technology that it says could help avert a so-called dirty bomb attack. While more than 2,000 belt-mounted radiation detectors are already
Published 04 Aug, 2011 12:00am
McCartney's former wife accuses Mirror of phone hacking

McCartney's former wife accuses Mirror of phone hacking

The ex-wife of Paul McCartney claimed Wednesday that a journalist at Britain's Mirror Group newspapers admitted hacking into her phone, dragging another tabloid into the long-running scandal. Heather Mills told the BBC's Newsnight programme that the journ
Published 04 Aug, 2011 12:00am
US defence cuts won't be done in 'hasty' way: Panetta

US defence cuts won't be done in 'hasty' way: Panetta

Defence Secretary Leon Panetta vowed on Wednesday to ensure that $350 billion in defence cuts included in a spending deal this week are not carried out in a "hasty, ill-conceived way" that would hurt US national security. But Panetta, in a message to US t
Published 04 Aug, 2011 12:00am
Japan to announce new nuclear watchdog

Japan to announce new nuclear watchdog

Japan will unveil plans as early as this week for a new atomic safety regulator which is expected to lead to tougher safety standards and higher costs for nuclear power operators. The current watchdog's cosy ties with the industry was widely seen as a key
Published 04 Aug, 2011 12:00am
Taliban force mobile networks to shut down in Kandahar

Taliban force mobile networks to shut down in Kandahar

Taliban militants have warned Afghan mobile networks to shut down operations in the southern province of Kandahar for more than 12 hours during the night, they said in a statement Wednesday. All mobile phone companies were instructed to stop their usual a
Published 04 Aug, 2011 12:00am
Britain seizes record cocaine haul

Britain seizes record cocaine haul

Police have seized Britain's largest ever cocaine haul, worth up to £300 million (343 million euros, $490 million), from a luxury yacht which had sailed from the Caribbean, officials said Wednesday. The 1.2-tonne stash was found hidden under the bathing d
Published 04 Aug, 2011 12:00am
Enraged Indian villagers lynch 10 thieves

Enraged Indian villagers lynch 10 thieves

Ten suspected thieves have been lynched by angry villagers in the southern Indian state of Karnataka, a police officer said Wednesday, highlighting the problem of mob justice in rural areas. "Six persons were burnt alive when their vehicle was torched at
Published 04 Aug, 2011 12:00am
Egypt puts Mubarak on trial

Egypt puts Mubarak on trial

Egypt's Hosni Mubarak, accused of corruption and involvement in killing protesters, went on trial on Wednesday, delighting those who overthrew him and ringing an alarm bell for other autocrats around the Arab world. In a scene that Egyptians would have fo
Published 04 Aug, 2011 12:00am
Iran's parliament makes military man oil minister

Iran's parliament makes military man oil minister

Iran's parliament approved President Mahmoud Ahmadinejad's candidate as oil minister on Wednesday, putting a military commander who is under US and EU sanctions in charge of oil and gas in one of the world's biggest crude producers. A majority of lawmaker
Published 04 Aug, 2011 12:00am
20 Sudanese soldiers die in building collapse

20 Sudanese soldiers die in building collapse

Two buildings full of Sudanese soldiers collapsed because of torrential downpours in the troubled Darfur region, killing 20 and injuring 30, international peacekeepers said on Wednesday. The building collapse took place on Tuesday in El Geneina in West Da
Published 04 Aug, 2011 12:00am
Cyprus coalition falls, deepening political crisis

Cyprus coalition falls, deepening political crisis

Centre-right Cypriot party Diko abandoned its coalition partnership with communist President Demetris Christofias on Wednesday, saying talks had collapsed over measures to address the country's economic and political woes. "The dialogue has terminated; Di
Published 04 Aug, 2011 12:00am
Hariri UN tribunal probing material received from Hezbollah

Hariri UN tribunal probing material received from Hezbollah

The prosecutor of the UN-backed tribunal investigating the 2005 death of former Lebanese prime minister Rafiq Hariri is probing material provided by Hezbollah, his office said Wednesday. "The office of the prosecutor is currently examining material hand-d
Published 04 Aug, 2011 12:00am
Swedish man caught trying to split atoms at home

Swedish man caught trying to split atoms at home

A Swedish man who was arrested after trying to split atoms in his kitchen said Wednesday he was only doing it as a hobby. Richard Handl told The Associated Press that he had the radioactive elements radium, americium and uranium in his apartment in southe
Published 04 Aug, 2011 12:00am
Harbhajan, Yuvraj ruled out of England series

Harbhajan, Yuvraj ruled out of England series

India on Wednesday suffered a twin blow when Harbhajan Singh and Yuvraj Singh were ruled out of the remaining two Tests of the four-match series against England due to injuries. Off-spinner Harbhajan and all-rounder Yuvraj, who suffered the injuries durin
Published 04 Aug, 2011 12:00am
Audit slams South Africa's Majola in bonus row

Audit slams South Africa's Majola in bonus row

An independent audit has found Cricket South Africa chief executive Gerald Majola and another official violated corporate law by secretly awarding themselves hefty bonuses, local media said Wednesday.
Published 04 Aug, 2011 12:00am
IAAF world athletics championships from August 27

IAAF world athletics championships from August 27

The 13th IAAF world athletics championships would be staged from August 27 to September 4 at Daegu, South Korea. During nine days event, athletes hailing from more than 200 teams will be in action. National athlete Farhan Ahmad will compete in 800-metre a
Published 04 Aug, 2011 12:00am
Twenty20 Champions League loses sponsor

Twenty20 Champions League loses sponsor

The much-hyped Twenty20 Champions League has lost its title sponsor due to lack of interest in the multi-nation club tournament, Indian media reported on Wednesday. Telecom major Airtel ended its three-year deal worth $40 million after just two years, cit
Published 04 Aug, 2011 12:00am
Japan flower power earns World Cup bonus hikes

Japan flower power earns World Cup bonus hikes

Japan's all-conquering women's soccer team will receive cash bonuses of 6.5 million yen ($84,000,000) per player for their astonishing World Cup victory last month, the Japan Football Association (JFA) said on Wednesday. The JFA raised the bonus by five m
Published 04 Aug, 2011 12:00am
Naved Akram named new cricket manager

Naved Akram named new cricket manager

Pakistani cricket confirmed Wednesday it was replacing team manager Intikhab Alam with Naved Akram Cheema for this month's tour of Zimbabwe. "Cheema will take charge for the tour of Zimbabwe as the new manager," Pakistan Cricket Board (PCB) spokesman Nade
Published 04 Aug, 2011 12:00am
Aussies gear up for Twenty20s against Sri Lanka

Aussies gear up for Twenty20s against Sri Lanka

Australia's Twenty20 captain Cameron White said on Wednesday that he expects a tough contest against the hosts Sri Lanka during two upcoming matches. Australia will play the Twenty20 games on Saturday and Monday at the newly-built Pallekele International
Published 04 Aug, 2011 12:00am
Bradman 'Mickey Mouse' case settled

Bradman 'Mickey Mouse' case settled

A settlement was reached Wednesday over the use of Donald Bradman's name and image, after his son said he feared the cricket legend was being turned into a "brand name like Mickey Mouse". Executors of the Bradman estate accused law firm Allens Arthur Robi
Published 04 Aug, 2011 12:00am
SAFF U-16 Championship: Pakistan trounce Maldives 6-0 to reach semis

SAFF U-16 Championship: Pakistan trounce Maldives 6-0 to reach semis

Inspired by striker Muhammad Bilal's 4 goals burst, Pakistan U-16 football team showed a breathtaking and dominant performance in their second Group-A match by hammering Maldives 6-0 in the AFF U-16 Championship 2011 being held in Kathmandu, Nepal on Wedn
Published 04 Aug, 2011 12:00am
Real thrash Chinese league leaders

Real thrash Chinese league leaders

Karim Benzema netted a brace and Cristiano Ronaldo scored a cheeky back-heel as Real Madrid thrashed Chinese league leaders Guangzhou Evergrande 7-1 on Wednesday in a pre-season friendly. Benzema, who has struggled to establish himself in the Spanish capi
Published 04 Aug, 2011 12:00am
England to play extra West Indies Twenty20s

England to play extra West Indies Twenty20s

England are to play two additional Twenty20 internationals against the West Indies in September in a bid to fulfil broadcast obligations three years after the collapse of the Stanford Super Series. Both matches will take place at The Oval, the London home
Published 04 Aug, 2011 12:00am
Venezuela courts controversy with sports law

Venezuela courts controversy with sports law

Venezuela is on collision course with world soccer governing body FIFA and the International Olympic Commission after its parliament approved a controversial sports law that threatens the autonomy of its sports federations. The bill passed by the national
Published 04 Aug, 2011 12:00am
Aussie and New Zealand dollars swoon

Aussie and New Zealand dollars swoon

The Australian and New Zealand dollars stayed under pressure on Wednesday as a wave of risk-aversion swept through global markets and led some investors to wager interest rates would have to be cut in Australia to avoid recession. In fact, so strong was d
Published 04 Aug, 2011 12:00am
Sterling climbs

Sterling climbs

Sterling climbed against the dollar and hit a two-month high on a trade-weighted basis on Wednesday after data unexpectedly showed activity in the UK's dominant services sector grew at its fastest pace in four months. But analysts said the gains could run
Published 04 Aug, 2011 12:00am
Won and ringgit plunge

Won and ringgit plunge

The South Korean won and the Malaysian ringgit hit their lowest in about two weeks on Wednesday as hedge funds and model funds reduced positions in emerging Asian currencies on renewed worries about the eurozone's debt crisis and global economic slowdown.
Published 04 Aug, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Wednesday for a second straight session, weighed by weak global equities, but a bounce back in the euro helped the local unit regain most of the lost ground. The partially convertible rupee ended at 44.31/32 per dollar, weaker
Published 04 Aug, 2011 12:00am
Yuan slightly up

Yuan slightly up

The yuan rose slightly versus the dollar on Wednesday even after the People's Bank of China set a weaker mid-point, as the Chinese currency's upward path appears intact amid volatility in the dollar while the United States struggles with its debt woes.
Published 04 Aug, 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 Wednesday. 74.71/74.72 (previous 74.7200/74.7350). Call Money Rates: 7.00-10.00 percent (previous 7.00-12.00 percent).
Published 04 Aug, 2011 12:00am
Swiss franc soars to record highs in New York

Swiss franc soars to record highs in New York

The safe-haven Swiss franc soared to record highs against the dollar and euro on Tuesday, with more gains likely as investors fretted about sluggish global growth and debt loads in the United States and Europe. While Congress buried the spectre of a US de
Published 04 Aug, 2011 12:00am
Early trade in New York: Swiss franc slides

Early trade in New York: Swiss franc slides

The Swiss franc fell from record highs against the dollar and euro on Wednesday after the Swiss National Bank unexpectedly cut interest rates, a direction that should prove fleeting as global growth concerns keep up demand for the safe-haven currency. The
Published 04 Aug, 2011 12:00am
Swiss franc retreats in London

Swiss franc retreats in London

The Swiss franc retreated from record highs on Wednesday after the Swiss National Bank unexpectedly cut interest rates to counter its rise, though concerns about global growth may lead to further gains for the safe-haven currency. The SNB said the franc w
Published 04 Aug, 2011 12:00am
Swiss franc near peak in Asia

Swiss franc near peak in Asia

The Swiss franc hit record highs and the Australian dollar fell on Wednesday as investors scrambled for a safe haven on renewed tensions in the eurozone debt market and worries about a global slowdown. The yen held steady against the US dollar, with inves
Published 04 Aug, 2011 12:00am
Key dollar rate climbs

Key dollar rate climbs

The bank-to-bank cost of borrowing dollars for three months rose on Wednesday to its highest level since May as an escalation in the eurozone debt crisis prompted investors to ask for a higher premium to lend in interbank markets. A key indicator of count
Published 04 Aug, 2011 12:00am
FTSE at eight-month low

FTSE at eight-month low

Britain's top share index fell more than two percent on Wednesday, driven lower by uncertainty over global growth, with commodity stocks heading the list of fallers. The FTSE 100 sank to its lowest closing level since end-November 2010, dropping 133.88 po
Published 04 Aug, 2011 12:00am
European shares lower

European shares lower

European shares fell on Wednesday for a fourth consecutive session, to a fresh 11-month closing low, on global growth concerns after US service sector data disappointed, and on worries the eurozone debt crisis could be spreading to Italy.
Published 04 Aug, 2011 12:00am
Seoul shares down

Seoul shares down

South Korean stocks dropped to a more than one-month low as fears mounted that the United States may face a double-dip recession. The Korea Composite Stock Price Index finished down 2.59 percent at 2,066.26, its worst session in more than two months.
Published 04 Aug, 2011 12:00am
Indian shares tumble

Indian shares tumble

Worries over a prolonged global economic slowdown sent Indian shares to their lowest close in nearly six weeks on Wednesday, as a last-minute budget deal by Washington to avoid a US default turned investor focus to its impact on growth. The United States
Published 04 Aug, 2011 12:00am
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