BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.75 Increased By ▲ 0.06 (0.78%)
BECO 5.30 Decreased By ▼ -0.01 (-0.19%)
BML 59.50 Decreased By ▼ -1.73 (-2.83%)
BOP 36.54 Increased By ▲ 0.54 (1.5%)
CNERGY 12.19 Increased By ▲ 0.94 (8.36%)
CSIL 6.16 Decreased By ▼ -0.01 (-0.16%)
FCCL 57.41 Increased By ▲ 0.53 (0.93%)
FFL 16.57 Increased By ▲ 0.06 (0.36%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.34 Decreased By ▼ -0.08 (-1.08%)
KOSM 6.06 Increased By ▲ 0.01 (0.17%)
LOTCHEM 27.15 Decreased By ▼ -0.05 (-0.18%)
MLCF 102.20 Decreased By ▼ -0.89 (-0.86%)
NBP 206.70 Decreased By ▼ -0.93 (-0.45%)
NCPL 62.36 Increased By ▲ 0.44 (0.71%)
NPL 71.80 Decreased By ▼ -0.38 (-0.53%)
OGDC 319.00 Increased By ▲ 0.51 (0.16%)
PACE 11.33 Increased By ▲ 0.27 (2.44%)
PAEL 43.84 Decreased By ▼ -0.54 (-1.22%)
PIBTL 16.86 Decreased By ▼ -0.04 (-0.24%)
PPL 221.50 Decreased By ▼ -0.98 (-0.44%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.00 Decreased By ▼ -1.16 (-1.59%)
SSGC 27.33 Increased By ▲ 0.08 (0.29%)
TBL 9.88 No Change ▼ 0.00 (0%)
TELE 8.75 Decreased By ▼ -0.06 (-0.68%)
TPL 20.70 Increased By ▲ 0.36 (1.77%)
TPLP 15.04 Increased By ▲ 0.07 (0.47%)
TREET 24.12 Increased By ▲ 0.02 (0.08%)
TRG 63.25 Increased By ▲ 0.88 (1.41%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-08-21
All eyes on Bernanke as recession looms
Top News

All eyes on Bernanke as recession looms

WASHINGTON : With the global economy sputtering and financial markets on the rocks, the world needs reassurance the US c
Published 21 Aug, 2011 08:02pm
Assad scoffs at Western calls for ouster
Top News

Assad scoffs at Western calls for ouster

DAMASCUS : Syrian President Bashar al-Assad on Sunday scoffed at Western calls for his ouster and rejected them as "wort
Published 21 Aug, 2011 06:51pm
Iraq dreams big infrastructure projects
Top News

Iraq dreams big infrastructure projects

BAGHDAD: In Iraq where renovating a single street can take years, government plans for a multi-billion dollar high-speed
Published 21 Aug, 2011 04:02pm
Rebels say Tripoli's fall 'imminent'
Top News

Rebels say Tripoli's fall 'imminent'

DUBAI : Libyan rebels said victory in Tripoli was imminent on Sunday and urged NATO to join the final battle with Ap
Published 21 Aug, 2011 04:00pm
Violence kills another 17 in Karachi
Top News

Violence kills another 17 in Karachi

KARACHI: At least 17 people were killed over the weekend in Karachi as part of the worst criminal and ethnic violence to
Published 21 Aug, 2011 02:58pm
Military convoy bombed in Chashma
Top News

Military convoy bombed in Chashma

CHASHMA: A military convoy was attacked by militants using a remote controlled bomb, wounding seven soldiers in Chashma
Published 21 Aug, 2011 08:51am
India discharges more water into Sutlej
Top News

India discharges more water into Sutlej

ISLAMABAD : India discharged more water into the Sutlej River on Sunday as the flash flood of 57,000 cusec water w
Published 21 Aug, 2011 06:58am
Seven killed in Karachi
Top News

Seven killed in Karachi

KARACHI : Violence in Karachi continued as seven more people were found dead, taking the toll to 17 during the last 24
Published 21 Aug, 2011 04:30am
Issuance of national audit plan: FBR bars Taxpayer''s Audit Wing

Issuance of national audit plan: FBR bars Taxpayer''s Audit Wing

The Federal Board of Revenue (FBR) has barred the FBR Taxpayer''s Audit Wing from issuance of national audit plan to the field formations for adopting a new policy under which Central Audit Task Force would be set up for monitoring of audit cases to ensur
Published 21 Aug, 2011 12:00am
'ERS risk-management system not dynamic'

'ERS risk-management system not dynamic'

The risk-management system of the Expeditious Refund System (ERS) is not dynamic, which needs to be improved for electronic clearance of only genuine sales tax refund claims based on the tax profiles and history of a registered person. A tax official told
Published 21 Aug, 2011 12:00am
'ERS risk-management system not dynamic'

'ERS risk-management system not dynamic'

The risk-management system of the Expeditious Refund System (ERS) is not dynamic, which needs to be improved for electronic clearance of only genuine sales tax refund claims based on the tax profiles and history of a registered person. A tax official told
Published 21 Aug, 2011 12:00am
''ERS risk-management system not dynamic''

''ERS risk-management system not dynamic''

The risk-management system of the Expeditious Refund System (ERS) is not dynamic, which needs to be improved for electronic clearance of only genuine sales tax refund claims based on the tax profiles and history of a registered person. A tax official told
Published 21 Aug, 2011 12:00am
Services trade deficit narrows down by 10 percent

Services trade deficit narrows down by 10 percent

With the support of healthy rise in exports, the country's services trade deficit shrunk by 10 percent to $239 million in the first month of current fiscal year. The sharp decline in the services sector deficit has also supported the country's current acc
Published 21 Aug, 2011 12:00am
Services trade deficit narrows down by 10 percent

Services trade deficit narrows down by 10 percent

With the support of healthy rise in exports, the country's services trade deficit shrunk by 10 percent to $239 million in the first month of current fiscal year. The sharp decline in the services sector deficit has also supported the country's current acc
Published 21 Aug, 2011 12:00am
Services trade deficit narrows down by 10 percent

Services trade deficit narrows down by 10 percent

With the support of healthy rise in exports, the country''s services trade deficit shrunk by 10 percent to $239 million in the first month of current fiscal year. The sharp decline in the services sector deficit has also supported the country''s current a
Published 21 Aug, 2011 12:00am
Indian Prime Minister open to 'give and take' over anti-graft bill

Indian Prime Minister open to 'give and take' over anti-graft bill

Indian Prime Minister Manmohan Singh on Saturday struck a conciliatory note towards a popular anti-corruption protest movement that has rocked the government. "We are open to discussion, dialogue, we would like a broad national consensus to emerge," he to
Published 21 Aug, 2011 12:00am
Indian Prime Minister open to 'give and take' over anti-graft bill

Indian Prime Minister open to 'give and take' over anti-graft bill

Indian Prime Minister Manmohan Singh on Saturday struck a conciliatory note towards a popular anti-corruption protest movement that has rocked the government. "We are open to discussion, dialogue, we would like a broad national consensus to emerge," he to
Published 21 Aug, 2011 12:00am
Drive to verify voters' identity from August 22

Drive to verify voters' identity from August 22

The Election Commission of Pakistan (ECP) has refined the voters' lists and decided to introduce water marked ballot papers in the upcoming general election.
Published 21 Aug, 2011 12:00am
Indian authorities fix 'monetary limits' for tax appeals

Indian authorities fix 'monetary limits' for tax appeals

Indian tax authorities have fixed 'monetary limits', below which appeals cannot be filed in the Tribunal, High Court and the Supreme Court in cases involving disputes relating to amount of duties and taxes and refund claims from July 1, 2011. Tax experts
Published 21 Aug, 2011 12:00am
Indian authorities fix 'monetary limits' for tax appeals

Indian authorities fix 'monetary limits' for tax appeals

Indian tax authorities have fixed 'monetary limits', below which appeals cannot be filed in the Tribunal, High Court and the Supreme Court in cases involving disputes relating to amount of duties and taxes and refund claims from July 1, 2011. Tax experts
Published 21 Aug, 2011 12:00am
Indian authorities fix ''monetary limits'' for tax appeals

Indian authorities fix ''monetary limits'' for tax appeals

Indian tax authorities have fixed ''monetary limits'', below which appeals cannot be filed in the Tribunal, High Court and the Supreme Court in cases involving disputes relating to amount of duties and taxes and refund claims from July 1, 2011. Tax expert
Published 21 Aug, 2011 12:00am
Targeted killings: six more killed in Karachi violence

Targeted killings: six more killed in Karachi violence

Six more people were killed and five others injured in Karachi's on going violence on Saturday. Bullet riddled body of a man was recovered from Hussainabad area in the limits of Jauharabad Police Station in the early hours of Saturday, police said. An off
Published 21 Aug, 2011 12:00am
Targeted killings: six more killed in Karachi violence

Targeted killings: six more killed in Karachi violence

Six more people were killed and five others injured in Karachi's on going violence on Saturday. Bullet riddled body of a man was recovered from Hussainabad area in the limits of Jauharabad Police Station in the early hours of Saturday, police said. An off
Published 21 Aug, 2011 12:00am
Tanks rumble into Homs, as 34 killed across Syria

Tanks rumble into Homs, as 34 killed across Syria

Tanks rumbled into the central city of Homs at dawn Saturday, a day after security forces killed at least 34 anti-regime protesters across Syria, adding urgency to a UN mission expected this weekend. "Several tanks took up positions at dawn in the distric
Published 21 Aug, 2011 12:00am
Tanks rumble into Homs, as 34 killed across Syria

Tanks rumble into Homs, as 34 killed across Syria

Tanks rumbled into the central city of Homs at dawn Saturday, a day after security forces killed at least 34 anti-regime protesters across Syria, adding urgency to a UN mission expected this weekend. "Several tanks took up positions at dawn in the distric
Published 21 Aug, 2011 12:00am
Thar coal to be fully exploited: Qaim

Thar coal to be fully exploited: Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Saturday said the government is fully committed to the development of Thar coal, which has the potential of turning the country's economy around. The Sindh CM said this while presiding over the 13th meeting of Th
Published 21 Aug, 2011 12:00am
Thar coal to be fully exploited: Qaim

Thar coal to be fully exploited: Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Saturday said the government is fully committed to the development of Thar coal, which has the potential of turning the country's economy around. The Sindh CM said this while presiding over the 13th meeting of Th
Published 21 Aug, 2011 12:00am
Thar coal to be fully exploited: Qaim

Thar coal to be fully exploited: Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Saturday said the government is fully committed to the development of Thar coal, which has the potential of turning the country''s economy around. The Sindh CM said this while presiding over the 13th meeting of T
Published 21 Aug, 2011 12:00am
Waqar announces resignation after Zimbabwe tour

Waqar announces resignation after Zimbabwe tour

Pakistan cricket received a big jolt with coach Waqar Younis announcing his resignation and calling Zimbabwe tour as his last assignment with the Pakistan team. He announced his resignation at a news conference here on Saturday after a training session of
Published 21 Aug, 2011 12:00am
Waqar announces resignation after Zimbabwe tour

Waqar announces resignation after Zimbabwe tour

Pakistan cricket received a big jolt with coach Waqar Younis announcing his resignation and calling Zimbabwe tour as his last assignment with the Pakistan team. He announced his resignation at a news conference here on Saturday after a training session of
Published 21 Aug, 2011 12:00am
15-day strike by CGA decreases prices of cotton, phutti

15-day strike by CGA decreases prices of cotton, phutti

Cotton Ginners Association's (CGA) fifteen days long strike has decreased the prices of both cotton and phutti, in the local markets of Punjab and Sindh, crushing the poor farmers already under burden of different inputs price hike. Well-placed sources to
Published 21 Aug, 2011 12:00am
15-day strike by CGA decreases prices of cotton, phutti

15-day strike by CGA decreases prices of cotton, phutti

Cotton Ginners Association's (CGA) fifteen days long strike has decreased the prices of both cotton and phutti, in the local markets of Punjab and Sindh, crushing the poor farmers already under burden of different inputs price hike. Well-placed sources to
Published 21 Aug, 2011 12:00am
15-day strike by CGA decreases prices of cotton, phutti

15-day strike by CGA decreases prices of cotton, phutti

Cotton Ginners Association''s (CGA) fifteen days long strike has decreased the prices of both cotton and phutti, in the local markets of Punjab and Sindh, crushing the poor farmers already under burden of different inputs price hike. Well-placed sources t
Published 21 Aug, 2011 12:00am
Sexual harassment: QAU terminates services of two faculty members

Sexual harassment: QAU terminates services of two faculty members

Endorsing the recommendations of the inquiry committee, the syndicate of Quaid-i-Azam University (QAU) on Saturday terminated services of two faculty members against whom there were charges of sexual harassment. The 157th meeting of the QAU syndicate, the
Published 21 Aug, 2011 12:00am
Sexual harassment: QAU terminates services of two faculty members

Sexual harassment: QAU terminates services of two faculty members

Endorsing the recommendations of the inquiry committee, the syndicate of Quaid-i-Azam University (QAU) on Saturday terminated services of two faculty members against whom there were charges of sexual harassment. The 157th meeting of the QAU syndicate, the
Published 21 Aug, 2011 12:00am
Suicide bombing at Jamrud mosque: Taliban claim responsibility

Suicide bombing at Jamrud mosque: Taliban claim responsibility

Tehrik-e-Taliban Pakistan (TTP) on Saturday claimed responsibility for a devastating suicide attack on a mosque in Khyber Agency that killed over 50 people on Friday. In a statement here, Spokesman for TTP Muhammad Talha said the blast was carried out in
Published 21 Aug, 2011 12:00am
Suicide bombing at Jamrud mosque: Taliban claim responsibility

Suicide bombing at Jamrud mosque: Taliban claim responsibility

Tehrik-e-Taliban Pakistan (TTP) on Saturday claimed responsibility for a devastating suicide attack on a mosque in Khyber Agency that killed over 50 people on Friday. In a statement here, Spokesman for TTP Muhammad Talha said the blast was carried out in
Published 21 Aug, 2011 12:00am
35 Afghans dead in bus crash

35 Afghans dead in bus crash

A total of 35 Afghans were killed and 27 others injured on Saturday when a speeding bus overturned on a highway in southern Afghanistan, officials said. The smash happened just outside Kandahar city in the Daman district of Kandahar province on the main r
Published 21 Aug, 2011 12:00am
35 Afghans dead in bus crash

35 Afghans dead in bus crash

A total of 35 Afghans were killed and 27 others injured on Saturday when a speeding bus overturned on a highway in southern Afghanistan, officials said. The smash happened just outside Kandahar city in the Daman district of Kandahar province on the main r
Published 21 Aug, 2011 12:00am
Iran sentences US hikers to eight years for spying

Iran sentences US hikers to eight years for spying

Iran has sentenced two American hikers to eight years in prison for illegal entry and spying for a US intelligence agency, state television said on Saturday quoting an informed judiciary source. "Shane Bauer ... and ... Josh Fattal, the two detained Ameri
Published 21 Aug, 2011 12:00am
Iran sentences US hikers to eight years for spying

Iran sentences US hikers to eight years for spying

Iran has sentenced two American hikers to eight years in prison for illegal entry and spying for a US intelligence agency, state television said on Saturday quoting an informed judiciary source. "Shane Bauer ... and ... Josh Fattal, the two detained Ameri
Published 21 Aug, 2011 12:00am
Education vital to defeat militancy: Hoti

Education vital to defeat militancy: Hoti

Khyber Paktunkhwa Chief Minister Ameer Haider Khan Hoti said Saturday government has initiated various projects to encourage our splendid youth in a view to promote education at all levels in the province. He expressed these views while talking to a deleg
Published 21 Aug, 2011 12:00am
Gold price slips to Rs 60,400 per tola

Gold price slips to Rs 60,400 per tola

Gold prices on Saturday dipped from a historic high of Rs 60, 600 per tola to Rs 60, 400 after international market posted $20 an ounce decline, traders said. The prices of gold per 10-gram also reduced by Rs 171 to Rs 51, 771 from a record high of Rs 51,
Published 21 Aug, 2011 12:00am
Millions of faithful to observe Aitkaf today

Millions of faithful to observe Aitkaf today

Millions of faithful would observe Aitkaf in tens of thousands of mosques from Sunday night while security of the mosques has been beefed up in this connection. Aitkaf is a Sunnah of the Holy Prophet (Peace Be Upon Him) and carries a multitude of blessing
Published 21 Aug, 2011 12:00am
Peace in Karachi: Prime Minister asks political parties to play role

Peace in Karachi: Prime Minister asks political parties to play role

Prime Minister, Syed Yusuf Raza Gilani on Saturday called upon the political parties and patriotic elements to play role in controlling the law and order situation in Karachi. The Prime Minister was talking to Minister for Religious Affairs, Syed Khurshid
Published 21 Aug, 2011 12:00am
Nadra taking part in ECP verification drive

Nadra taking part in ECP verification drive

National Database and Registration Authority (Nadra)'s 800 data acquisition units, 220 mobile registration vans and offices countrywide would help in door to door verification campaign of electoral rolls draft, Deputy Chief Nadra, Tariq Malik said Saturda
Published 21 Aug, 2011 12:00am
Sindh uplift schemes: ADB to release Rs 3.5 billion by month-end

Sindh uplift schemes: ADB to release Rs 3.5 billion by month-end

Sindh Chief Minister Syed Qaim Ali Shah was informed on Saturday that the Asian Development Bank (ADB) will release an amount of Rs 3.500 billion by the end of August 2011 in connection with implementation of development schemes. This was apprised in a me
Published 21 Aug, 2011 12:00am
Sindh uplift schemes: ADB to release Rs 3.5 billion by month-end

Sindh uplift schemes: ADB to release Rs 3.5 billion by month-end

Sindh Chief Minister Syed Qaim Ali Shah was informed on Saturday that the Asian Development Bank (ADB) will release an amount of Rs 3.500 billion by the end of August 2011 in connection with implementation of development schemes. This was apprised in a me
Published 21 Aug, 2011 12:00am
Rashid Minhas' death anniversary observed

Rashid Minhas' death anniversary observed

Rashid Minhas, great Pakistani hero awarded with Nishan-i-Haider for his sacrifice for the homeland, was remembered on his death anniversary on Saturday. Rashid Minhas was born on 17 February 1951 in Karachi. Rashid Minhas belonged to a famous Minhas clan
Published 21 Aug, 2011 12:00am
Arms smuggling bid foiled; two held

Arms smuggling bid foiled; two held

The capital city police on Saturday foiled bid of arms smuggling and apprehended two smugglers besides recovering weapons worth million of rupees from their possession. Police on a tipoff about smuggling bid, received by Chief Capital City Police Imtiaz A
Published 21 Aug, 2011 12:00am
Two disfigured bodies found in Turbat

Two disfigured bodies found in Turbat

Two more decomposed bodies have been recovered from Margap area of Turbat on Saturday. According to the Levies Force, one passer-by informed Levies Force about disfigured dead bodies. The Levies reached the area and took bodies into their custody.
Published 21 Aug, 2011 12:00am
Pakistani Ambassador meets Saudi Information Minister in Jeddah

Pakistani Ambassador meets Saudi Information Minister in Jeddah

Pakistan's Ambassador to Saudi Arabia Muhammad Naeem Khan called on Saudi Minister for Culture and Information Dr Abdul Aziz Muhyuddin Khoja at his office in Jeddah on Saturday and discussed with him matters of mutual interest. The Ambassador said that Pa
Published 21 Aug, 2011 12:00am
Troop commits suicide near President House

Troop commits suicide near President House

An on-duty troop of Elite Force positioned near the President House and committed suicide by opening fire at him. According to police sources, the troop of Elite Force, Faisal Abbas, shot himself to death around Sehri time. He was on duty at the time of i
Published 21 Aug, 2011 12:00am
Canada condemns bomb attack at mosque

Canada condemns bomb attack at mosque

Canadian Foreign Minister, John Baird strongly condemned attack at a mosque in Khyber Agency, which killed dozens and wounded scores more. "On behalf of all Canadians, I extend my deepest sympathies to the victims' families and friends. I wish a swift rec
Published 21 Aug, 2011 12:00am
Police asked to ensure foolproof security

Police asked to ensure foolproof security

Islamabad Police have been asked to show extra vigilance to ensure a foolproof security system in the Federal Capital and to frustrate the evil designs of the terrorists. Inspector General of Police (IGP) Islamabad, Bani Amin Khan, has directed all patrol
Published 21 Aug, 2011 12:00am
Special LHC: bench to dispose of tax-related cases

Special LHC: bench to dispose of tax-related cases

Chief Justice Lahore High Court Justice Ijaz Ahmed Chaudhry has constituted a special bench to dispose of pending tax related cases involving billions of stuck up arrears of income tax, sales tax and federal excise duty.
Published 21 Aug, 2011 12:00am
TI Pakistan points out violation of PPRA rules by PIA

TI Pakistan points out violation of PPRA rules by PIA

The Pakistan International Airlines (PIA), in violation of Public Procurement Regulatory Authority (PPRA) Rules 2004, is favouring a single party, in processing and award of contract of dry ice plant on BOT/joint venture basis.
Published 21 Aug, 2011 12:00am
'Relief efforts for Badin rain victims to continue'

'Relief efforts for Badin rain victims to continue'

Punjab Chief Minister Mian Shahbaz Sharif while expressing sympathies with the rain-affected people of Badin district vowed to continue efforts on behalf of Punjab Government for providing relief and rehabilitation to the affected people of the district.
Published 21 Aug, 2011 12:00am
PML-N senator slams Imran's actions

PML-N senator slams Imran's actions

Pakistan Muslim League-N leader and Special Assistant to Chief Minister Punjab, Senator Pervaiz Rashid has said that Imran Khan's so-called politics of sit-ins has got clean bowled for the third time without scoring any run. He said that Imran Khan had st
Published 21 Aug, 2011 12:00am
Rs 2.5 billion new industrial city on the cards

Rs 2.5 billion new industrial city on the cards

The Punjab Government plans to develop a new industrial city at a cost of Rs 2.5 billion near Motorway during the current fiscal year (2011-12). A site in this regard is being identified, official sources told APP on Saturday. They said the government was
Published 21 Aug, 2011 12:00am
Efforts afoot to establish peace in Karachi: Malik

Efforts afoot to establish peace in Karachi: Malik

Interior Minister, A. Rehman Malik has said that government and law enforcing agencies are taking serious measures to control criminal activities in Karachi. He said efforts are being made to restore peace in Karachi. He said that several meetings have be
Published 21 Aug, 2011 12:00am
Railways' line of credit increased to Rs two billion

Railways' line of credit increased to Rs two billion

According to a letter issued by the Finance Division, the existing line of credit of Pakistan Railways has been increased to rupees two billion through PSO. The issue was discussed in detail during a meeting held on August 4, 2011 with Finance Minister, D
Published 21 Aug, 2011 12:00am
PEF funding for NSP schools increased: Raja Anwar

PEF funding for NSP schools increased: Raja Anwar

The Punjab Education Foundation (PEF) has increased per child funding from Rs 350 to Rs 400 for the partner schools associated with the PEF under New School Programme (NSP).
Published 21 Aug, 2011 12:00am
Relief programmes for Gilgit Baltistan

Relief programmes for Gilgit Baltistan

Central leader of Pakistan Peoples Party (PPP) Gilgit Baltistan (GB) Imran Nadeem said on Saturday that government of PPP has started several relief programmes for welfare of people of the area. He told APP that the government had helped the people of are
Published 21 Aug, 2011 12:00am
Ummah Welfare Trust provides relief goods to flood-hit people

Ummah Welfare Trust provides relief goods to flood-hit people

Ummah Welfare Trust, a charity organisation has provided relief goods to flood-hit people of district Badin and MirpurKhas. In a press release issued here on Saturday said that food and logistic consignment had arrived in the flood-affected districts foll
Published 21 Aug, 2011 12:00am
LHC constitutes eight DBs, 19 SBs

LHC constitutes eight DBs, 19 SBs

The Chief Justice Lahore High Court (LHC) here on Saturday constituted eight division benches and nineteen single benches for the disposal of the cases pending at the principal seat of the august court for 6th week of the summer vacation.
Published 21 Aug, 2011 12:00am
Flyover, underpass planned for Lahore

Flyover, underpass planned for Lahore

On the demands of citizens, traders and transporters, a flyover at Muslim Town Mor and an underpass at Qainchi Amersadhu would be constructed so that the pressure of traffic could be reduced. Parliamentary Secretary Health Dr Saeed Elahi said that on the
Published 21 Aug, 2011 12:00am
19 outlaws including eight beggars arrested

19 outlaws including eight beggars arrested

Islamabad Police held 19 outlaws including eight beggars during last 24 hours, recovered illegal arms during a raid in outskirts of the Federal Capital, while people were deprived of their cash valuables and vehicles.
Published 21 Aug, 2011 12:00am
Dr Sher Afgan quits APML

Dr Sher Afgan quits APML

Dr Sher Afgan Khan Niazi, senior vice president of All Pakistan Muslim League (APML) and a close aide of General Musharraf Saturday resigned from the basic membership of the party, due to differences with some party leaders. Talking to Business Recorde
Published 21 Aug, 2011 12:00am
Government working for prosperity of country: Firdous

Government working for prosperity of country: Firdous

Federal Information Minister Dr Firdous Ashiq Awan has said the government is determined to turn Pakistan into a prosperous country under the vision of Quaid-e-Azam. She was speaking at the groundbreaking ceremony of Aiwan-e-Quaid-e-Azam here on Saturday.
Published 21 Aug, 2011 12:00am
Nawaz leaves for Saudi Arabia

Nawaz leaves for Saudi Arabia

Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif accompanied by his wife and other family members on Saturday left for Saudi-Arabia on a private visit. Nawaz is expected to return home after Eid. He would also visit London before his retur
Published 21 Aug, 2011 12:00am
Karachi turmoil: nation urged to demonstrate complete solidarity

Karachi turmoil: nation urged to demonstrate complete solidarity

The Jamaat-i-Islami (JI) chief, Syed Munawar Hasan, has urged the nation to demonstrate complete solidarity with the people of Karachi to foil international conspiracies against the country. Speaking with newspaper editors and senior columnists at an Ifta
Published 21 Aug, 2011 12:00am
Prime Minister greets Hungarian counterpart on national day

Prime Minister greets Hungarian counterpart on national day

Prime Minister Syed Yousuf Raza Gilani sent a message of greetings to Prime Minister Viktor Orban of the Republic of Hungary on their national day being celebrated on Saturday. In his message, the Prime Minister said: "On behalf of the Government and the
Published 21 Aug, 2011 12:00am
More provinces: tread this path carefully

More provinces: tread this path carefully

Former Federal Minister Senator Raza Rabbani has urged Pakistan People's Party Co-Chairperson Asif Ali Zardari to be more cautious in his decision to pursue a demand for another province carved out of Punjab. At a time when the debate for new provinces ha
Published 21 Aug, 2011 12:00am
Anna Hazare has a case

Anna Hazare has a case

Isn't it queerly coincidental that of late corruption in high places has come under sharper focus both in Pakistan and India? Here in Pakistan the Supreme Court is wrestling with a non-co-operative executive to bring to book the guilty for their alleged r
Published 21 Aug, 2011 12:00am
NPT and its future

NPT and its future

The Nuclear Non-Proliferation Treaty (NPT) comprising 11 articles, basically has three components the pillars as they are generally known: Non-proliferation, Disarmament and the right of the non-nuclear states to use nuclear technology for peaceful purpos
Published 21 Aug, 2011 12:00am
Mona Lisa: Still smiling 100 years after being stolen

Mona Lisa: Still smiling 100 years after being stolen

It was the beginning of installation art. One hundred years ago, when the Mona Lisa was stolen from the Louvre museum in Paris, people formed queues to see the space, where the painting of the woman with the enigmatic smile had hung. Their fascination was
Published 21 Aug, 2011 12:00am
A hundred years of German cooking with Dr Oetker

A hundred years of German cooking with Dr Oetker

Some history books were never written with that intention - such as the cookery book by German chef Dr Oetker, which was first written 100 years ago. Today, Dr Oetker is a world-renowned German manufacturer of cakes mixes, yoghurts, frozen pizza and desse
Published 21 Aug, 2011 12:00am
Job opportunities

Job opportunities

According to a Business Recorder report, President Asif Ali Zardari has asked country's finance team led by Finance Minister Dr Hafeez Sheikh to consider the feasibility of floating infrastructure bonds for raising equity for building infrastructur
Published 21 Aug, 2011 12:00am
MQM condemns killings in city

MQM condemns killings in city

Member Muttahida Qaumi Movement (MQM), Rabita Committee, Raza Haroon on Saturday strongly condemned the loss of innocent human lives in recent violent incidents in different areas in the metropolis. Talking to media at MQM's headquarters at Azizabad here
Published 21 Aug, 2011 12:00am
Dry weather forecast for cotton belt

Dry weather forecast for cotton belt

The Met Office on Saturday forecast dry weather for the country's cotton belt and advised the farmers to irrigate their crops as per need. "Due to dry weather expected in the cotton belt, farmers are advised to irrigate the crops as per requirement," says
Published 21 Aug, 2011 12:00am
Ikhtiar Baig congratulates Dr Asim

Ikhtiar Baig congratulates Dr Asim

Dr Mirza Ikhtiar Baig, Federal Advisor on Textiles, Government of Pakistan sent congratulatory message to Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources on being honoured "Person of Merit for Mining in the Republic of Poland" by Pol
Published 21 Aug, 2011 12:00am
Five Nato tankers torched in Quetta

Five Nato tankers torched in Quetta

Gunmen set ablaze at least five oil tankers in south of Quetta which were carrying fuel for Nato forces stationed in neighbouring Afghanistan, officials said Saturday. The men armed with automatic weapons fired at the tankers, causing them to catch fire o
Published 21 Aug, 2011 12:00am
Elite force personnel: injured policeman succumbs to injuries

Elite force personnel: injured policeman succumbs to injuries

Mohammad Waqas, one of the 32 victims of an ambush on Sindh Police Eagle Force at Chakra Goth, Korangi succumbed to his injuries on Saturday morning at Jinnah Post Graduate Medical Center (JPMC). The incident that occurred midnight had resulted in death o
Published 21 Aug, 2011 12:00am
University of Sindh Syndicate approves Health insurance cover policy

University of Sindh Syndicate approves Health insurance cover policy

The University of Sindh Syndicate has approved the health insurance cover policy for all the University employees and also the continuing of technical scheme for the all technical staff. The Syndicate in its 181st meeting held on Saturday under the chairm
Published 21 Aug, 2011 12:00am
Funeral prayers of martyred policemen held

Funeral prayers of martyred policemen held

'Namaz-e-Janaza' of three policemen, who embraced martyrdom when some unidentified miscreants opened fire at a bus carrying elite force personnel in Chakra Goth, Korangi on Friday evening, was offered at police headquarters, Garden Area, here on Saturday.
Published 21 Aug, 2011 12:00am
Igatex Pakistan gets Brands of the Year Award

Igatex Pakistan gets Brands of the Year Award

FAKT Exhibition's, region's largest textile & garment machinery exhibition, Igatex Pakistan has received 'Brands of the Year Award' at the award ceremony. Prime Minister of Pakistan Syed Yousaf Raza Gillani presented the award to Saleem Khan Tanoli, Chief
Published 21 Aug, 2011 12:00am
President may inaugurate 'Zulifqarabad Expressway' next week

President may inaugurate 'Zulifqarabad Expressway' next week

President Asif Ali Zardari is likely to inaugurate Zulfiqarabad Expressway in the last week of August, or in the first week of September 2011, Business Recorder learnt on Saturday. The proposed mega city Zulifqarabad would be spread over Keti Bunde
Published 21 Aug, 2011 12:00am
Over 200 companies, individuals enrolled at SRB

Over 200 companies, individuals enrolled at SRB

More than 100 companies and individuals relating to various services have enrolled themselves at Sindh Revenue Board (SRB) while 25th August has been set as the last date of enrolment and taxpaying, Business Recorder has learnt. SRB has extended th
Published 21 Aug, 2011 12:00am
Mumtaz Bhutto for army intervention in Karachi

Mumtaz Bhutto for army intervention in Karachi

Chairman, Sindh National Front, Mumtaz Ali Bhutto has also called for army intervention to restore peace in Karachi. "It is the law enforcing agencies to restore peace, but if the police and rangers cannot stop killing of hundreds of innocent people, any
Published 21 Aug, 2011 12:00am
Sindh chief minister condemns firing on police bus

Sindh chief minister condemns firing on police bus

Sindh Chief Minister, Syed Qaim Ali Shah, on Saturday strongly condemned the incident of firing by unidentified persons on a bus carrying policemen at Chakra Goth Korangi on Friday evening. In a statement, the Sindh CM expressed deep sorrow and grief over
Published 21 Aug, 2011 12:00am
KCCF demands restoration of peace in Karachi

KCCF demands restoration of peace in Karachi

The Karachi Concerned Citizens' Forum has demanded that the federal and the provincial governments must deliver on their commitments to the citizens of Pakistan, the most important of them being the security of life, livelihood and property. The Karachi C
Published 21 Aug, 2011 12:00am
National Assembly body on human rights visits Kot Lakhpat jail

National Assembly body on human rights visits Kot Lakhpat jail

A delegation of National Assembly standing committee on human rights headed by Riaz Fatyana, chairman, visited central jail, Kot Lakhpat, Lahore on Saturday. Riaz Fatyana took personal interest in the improvement of the jail environment. He directed the I
Published 21 Aug, 2011 12:00am
Three killed in incidents of violence

Three killed in incidents of violence

Three persons were shot dead while another was injured in separate incidents of violence, police said on Saturday. According to police, unidentified attackers killed Saeed Azam in the limits of Ghuriawala police station and throw his body in the nearby ca
Published 21 Aug, 2011 12:00am
Rs 40,000 prize bond draw on September 1

Rs 40,000 prize bond draw on September 1

The 47th draw for the prize bonds of worth Rs 40,000 will be held in Hyderabad on September 1. According to the sources of National Saving, first prize of this bond is of Rs 75 million, three prizes of Rs 25 million and 1696 prizes of Rs 0.5 million each.
Published 21 Aug, 2011 12:00am
Aptma terms July textile exports satisfactory

Aptma terms July textile exports satisfactory

The spokesman of All Pakistan Textile Mills Association (Aptma) has termed growth of textile exports during the month of July 2011 as satisfactory and a good start of new fiscal year. He said the textile industry exports registered 14 percent growth in va
Published 21 Aug, 2011 12:00am
Chief minister reviews measures for controlling dengue virus

Chief minister reviews measures for controlling dengue virus

There is no let up in the spread of dengue fever in Punjab, as the number of patients suffering from dengue fever has reached 274. As many as 47 new cases have been reported during the last 24 hours: From Lahore, 45 cases have been reported while one each
Published 21 Aug, 2011 12:00am
Crackdown on business of spurious drugs directed

Crackdown on business of spurious drugs directed

Secretary Health Punjab Mohammad Jehanzeb Khan has directed the officers of Health Department that the process of procurement of new consignment of medicines for District and Tehsil Headquarters Hospitals must be completed by 31st December 2011.
Published 21 Aug, 2011 12:00am
Sialkot businessmen striving to double export volume

Sialkot businessmen striving to double export volume

World trotters describe Sialkot as an entirely export-oriented city of Pakistan since this place possesses century-old industrial heritage. Sialkot is the only export-oriented city in Pakistan where 99 percent items produced are exported to all parts of t
Published 21 Aug, 2011 12:00am
'Government to ensure women protection at workplace'

'Government to ensure women protection at workplace'

Khyber Pakhtunkhwa, Minister for Information, Mian Iftikhar Hussain has said the provincial government would ensure protection of women in the society, especially at workplace. Talking to counsellor of Alliance Against Sexual Harassment (AASHA) at the Wor
Published 21 Aug, 2011 12:00am
Pemra chief presents annual report to President

Pemra chief presents annual report to President

The Chairman of Pakistan Electronic Media Regulatory Authority (Pemra), Dr Abdul Jabbar, presented Pemra's report of performance for the year 2010-11 to the President of Pakistan in a meeting held on Saturday at President House Islamabad. Federal Minister
Published 21 Aug, 2011 12:00am
Isolated rains likely in most parts of country

Isolated rains likely in most parts of country

Pakistan Meteorological Department (PMD) on Saturday forecast isolated rain/thundershower for Punjab, Khyber Pakhtunkhwa, upper and lower Sindh, Kashmir and Gilgit-Baltistan during next 24 hours. According to met analysis, seasonal low lies over north-wes
Published 21 Aug, 2011 12:00am
Naek, Jamali condemn Jamrud blast

Naek, Jamali condemn Jamrud blast

Senate Chairman Farooq H. Naek and Deputy Chairman Mir Jan Muhammad Khan Jamali have strongly condemned the bomb blast at a Mosque in Jamrud, Khyber Agency which caused heavy loss to the lives and properties of the people. In a condolence message issued h
Published 21 Aug, 2011 12:00am
Two-week 'Eid Gala' in Khyber Pakhtunkhwa commences

Two-week 'Eid Gala' in Khyber Pakhtunkhwa commences

The two-week long "Eid Gala" under the auspices of Women Business Development Centre (WBDC), Khyber Pakhtunkhwa Saturday began, aiming to promote women entrepreneur products and development of their businesses in the province. Khyber Pakhtunkhwa Minister
Published 21 Aug, 2011 12:00am
England riot footage shows police shot at

England riot footage shows police shot at

British police released dramatic footage Saturday of rioters shooting at unarmed officers and a police helicopter during an outbreak of violence in Birmingham earlier this month. West Midlands Police said they were treating the incident as attempted murde
Published 21 Aug, 2011 12:00am
Zimbabweans mourn general, top power broker

Zimbabweans mourn general, top power broker

Tens of thousands of Zimbabweans flocked to a funeral Saturday for one of the nation's main power brokers, whose sudden death in a house fire has intensified political manoeuvring within the fractured ruling party and has sparked speculation that his deat
Published 21 Aug, 2011 12:00am
Israel apologises to Egypt for killing troops

Israel apologises to Egypt for killing troops

Israel apologised to Egypt Saturday for the deaths of three Egyptian soldiers during a cross-border clash with Palestinian militants, hours after Cairo threatened to withdraw its ambassador. Israel has blamed Palestinians from Gaza who came through Egypt'
Published 21 Aug, 2011 12:00am
End near for Qadhafi, says rebel chief

End near for Qadhafi, says rebel chief

Libyan rebel chief Mustafa Abdel Jalil said on Saturday "the end is very near" for Muammar Qadhafi and that it will be "catastrophic," as insurgents pushing on the capital claimed to have seized a third key town in 24 hours. "We have contacts with people
Published 21 Aug, 2011 12:00am
Rocket fire from Gaza wounds Palestinians

Rocket fire from Gaza wounds Palestinians

Israel and the Palestinians battled each other for a third day on Saturday, while the Jewish state found itself facing a serious diplomatic crisis, with Egypt's recall of its ambassador from Tel Aviv. Rockets fired from Gaza wounded three Palestinian work
Published 21 Aug, 2011 12:00am
US shelters 'terrorists': Cuba

US shelters 'terrorists': Cuba

The Cuban government on Saturday rejected a US decision to keep Cuba on its blacklist of countries that allegedly support terrorism and accused Washington of sheltering the "real terrorists." The Cuban Foreign Ministry said the US does not have "the least
Published 21 Aug, 2011 12:00am
Rights group calls on Muslim states to act on Syria

Rights group calls on Muslim states to act on Syria

Human Rights Watch on Saturday called on the Organisation of Islamic Co-operation (OIC) to "immediately" intervene to stop Syria's crackdown on pro-democracy protests. The New York-based rights group wrote a letter to OIC Secretary General Ekmeleddin Ihsa
Published 21 Aug, 2011 12:00am
Survivors return to Norway massacre site

Survivors return to Norway massacre site

Hundreds of survivors made a difficult, first return Saturday to the tiny Norwegian island where 69 of their friends were gunned down in cold blood by a rightwing extremist four weeks before. Though police had cleaned up signs of the July 22 bloodbath on
Published 21 Aug, 2011 12:00am
Pentagon plays down comments on US role in Iraq

Pentagon plays down comments on US role in Iraq

US Defence Secretary Leon Panetta suggested that Iraq had agreed to keep American troops in the country beyond a 2011 deadline, but Baghdad insisted the issue was still under negotiation. In an interview with two US newspapers published Friday, Panetta sa
Published 21 Aug, 2011 12:00am
Al Qaeda announces 100-attack Iraq campaign

Al Qaeda announces 100-attack Iraq campaign

Al Qaeda's front group in Iraq said it has launched a campaign of 100 attacks across the country since the middle of August, in a statement seen Saturday by AFP. The Islamic State of Iraq (ISI) said the campaign began on August 15, Iraq's deadliest day in
Published 21 Aug, 2011 12:00am
Dalai Lama 'optimistic' after 'century of violence'

Dalai Lama 'optimistic' after 'century of violence'

Tibet's exiled spiritual leader the Dalai Lama said on Saturday he was "optimistic" about the course of humanity after a "century of violence". "I'm optimistic humanity becomes more mature," the 76-year-old Nobel Peace Prize laureate said while speaking a
Published 21 Aug, 2011 12:00am
Two women, two kids killed in Pittsburgh flash floods

Two women, two kids killed in Pittsburgh flash floods

Flash floods submerged more than a dozen vehicles in Pittsburgh, killed two women and two children and forced people to swim to safety or scramble onto the roofs of their cars. A pair of storms pounded the city Friday, overwhelming the drainage system and
Published 21 Aug, 2011 12:00am
Four die in Russia plane crash

Four die in Russia plane crash

Russian emergency officials say a small private plane has crashed near St. Petersburg killing all four aboard. The regional Emergency Ministry branch said that the Yak-18 plane crashed Saturday near the town of Ropsha, some 50 kilometers south-west of St.
Published 21 Aug, 2011 12:00am
Gilani lays foundation of Aiwan-e-Quaid project

Gilani lays foundation of Aiwan-e-Quaid project

Prime Minister Syed Yusuf Raza Gilani on Saturday said enemy cannot dare harming the world 7th nuclear power, if we follow Quaid's principles in letter and spirit. Addressing the foundation stone laying ceremony of Aiwan-e-Quaid-e-Azam here, the premier u
Published 21 Aug, 2011 12:00am
PTCL launches country's first 3G android tablet

PTCL launches country's first 3G android tablet

Pakistan Telecommunication Company Limited (PTCL) announced, on the 65th Independence Day of Pakistan, the launch of the country's first 3G enabled tablet with built in EVO Wireless Broadband. "3G EVO Tab" is a seven inch touch screen tablet with built-in
Published 21 Aug, 2011 12:00am
PIEDMC forms first-ever BoM for Sundar Industrial Estate

PIEDMC forms first-ever BoM for Sundar Industrial Estate

Board of Directors Punjab Industrial Estates and Development Company (PIEDMC) has constituted the Board of Management (BoM) for Sundar Industrial Estate (SIE), Raiwind Road Lahore consisting of renowned industrialists of the country.
Published 21 Aug, 2011 12:00am
PML-N to send team to Karachi for peace: Shahbaz

PML-N to send team to Karachi for peace: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that killing of innocent people during Karachi violence is highly condemnable and PML-N delegation would visit the metropolis soon to meet all stakeholders for the cause of peace.
Published 21 Aug, 2011 12:00am
58 killed in South Sudan tribal clashes: UN

58 killed in South Sudan tribal clashes: UN

At least 58 people were killed in clashes between tribes over cattle in South Sudan, a United Nations spokesman in Juba said on Saturday, a further sign of instability weeks after the region gained independence. Ethnic groups in South Sudan have fought ea
Published 21 Aug, 2011 12:00am
Somali pirates hijack ship with 21 Indian sailors

Somali pirates hijack ship with 21 Indian sailors

Somali pirates hijacked a tanker managed by an Indian firm and with 21 Indian sailors on board on Saturday from an Omani port, India's government shipping agency and a Gulf shipping source said, the second such incident in the Gulf Arab state's waters sin
Published 21 Aug, 2011 12:00am
North Korean leader in Russia to meet Medvedev

North Korean leader in Russia to meet Medvedev

North Korea's leader Kim Jong-Il arrived in Russia on Saturday for his first visit in nearly a decade, reaching out to the giant neighbour as Pyongyang battles isolation and hunger. The reclusive Kim travelled in his armoured train, crossing Russia's Far
Published 21 Aug, 2011 12:00am
Yemen opposition figures quit National Council

Yemen opposition figures quit National Council

A group of Yemeni politicians left a newly formed opposition council on Saturday, exposing divisions in the anti-government movement in a country convulsed by months of violent protests. President Ali Abdullah Saleh is clinging to power despite a wave of
Published 21 Aug, 2011 12:00am
Italian town honours Mona Lisa thief as 'patriot'

Italian town honours Mona Lisa thief as 'patriot'

The native town of an Italian labourer who stole the Mona Lisa from the Louvre museum in Paris 100 years ago on Sunday in the art world's most famous heist will honour him with a play that portrays him as a patriot. "We believe Peruggia was a patriot," sa
Published 21 Aug, 2011 12:00am
Turkey strikes Kurd rebels in Iraq for third night

Turkey strikes Kurd rebels in Iraq for third night

Turkish warplanes backed by heavy artillery struck Kurdish guerrilla targets in northern Iraq overnight, the military said on Saturday, a third consecutive night of raids. The Turkish air strikes are the first against rebels in the mountains of northern I
Published 21 Aug, 2011 12:00am
Dollar drops but respite in sight if economy dims

Dollar drops but respite in sight if economy dims

The US dollar plumbed a record low against the yen and weakened against the euro on Friday, but respite may be in sight for the greenback if the global economic landscape gets gloomier and feeds a safe-haven bid. The euro has gained about 0.3 percent agai
Published 21 Aug, 2011 12:00am
Speculators increase dollar shorts

Speculators increase dollar shorts

Currency speculators increased bets against the US dollar, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose to $13.55 billion in the week ended August 16 from $11.6 billi
Published 21 Aug, 2011 12:00am
Excess liquidity pushes down Euribor rates

Excess liquidity pushes down Euribor rates

Key euro-priced bank-to-bank lending rates fell on Friday under the weight of heavy excess market liquidity and a growing belief the European Central Bank will keep interest rates on hold well into next year. The recent increase in euro zone financial mar
Published 21 Aug, 2011 12:00am
African currencies outlook

African currencies outlook

Strong demand for the dollar in Nigeria and Uganda is expected to weaken local currencies while Kenya's shilling looks set to strengthen due to a liquidity squeeze.
Published 21 Aug, 2011 12:00am
Swiss forex swap a step to curb franc, not sign of stress

Swiss forex swap a step to curb franc, not sign of stress

A rare foreign exchange swap between the Swiss and US central banks is probably part of efforts by Switzerland to weaken its currency, not a sign of trouble in the Swiss banking system, commercial bankers and analysts said on Friday. The US Federal Reserv
Published 21 Aug, 2011 12:00am
Wall Street sinks for fourth straight week

Wall Street sinks for fourth straight week

Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another US recession and destabilisation in Europe's financial system. Investors already reeling from big losses in gr
Published 21 Aug, 2011 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lanka's shares fell more than 1 percent on Friday, following the global trend, but became Asia's top performer as other regional markets nose-dived on looming fears of another recession with deepening debt crisis in the US and Europe. Globally stocks
Published 21 Aug, 2011 12:00am
Standard Chartered ramps up iron ore swaps trading

Standard Chartered ramps up iron ore swaps trading

Standard Chartered is boosting its iron ore derivatives trading volumes as it tries to increase its stake in a market that is attracting growing interest from industrial and financial players. Starting from next year, the bank may also get involved in the
Published 21 Aug, 2011 12:00am
Saudi stocks plunge

Saudi stocks plunge

Saudi shares closed 2.6 percent lower on Saturday with losses in all sectors, following declines in US and European stock markets. The all-share closes at 5,931 points, dragged down by the petrochemical sector which lost 3.8 percent lower to 5,928 points.
Published 21 Aug, 2011 12:00am
Turkish equities, bonds rise

Turkish equities, bonds rise

Turkey's heavily-sold equities reversed morning losses of 3 percent to close 2 percent higher on Friday helped by gains in US equities and on expectations of future rate cuts in Turkey which pushed bond yields lower. The lira also trimmed some losses agai
Published 21 Aug, 2011 12:00am
Turkish equities, bonds rise

Turkish equities, bonds rise

Turkey's heavily-sold equities reversed morning losses of 3 percent to close 2 percent higher on Friday helped by gains in US equities and on expectations of future rate cuts in Turkey which pushed bond yields lower. The lira also trimmed some losses agai
Published 21 Aug, 2011 12:00am
TSX plummets on nagging recession fears

TSX plummets on nagging recession fears

Toronto's main stock index dropped sharply for a second day on Friday as financial and energy issues were hit by fears of a new US recession and by a Bank of Canada warning on risks to the global economy. The index reversed an earlier rally on the back of
Published 21 Aug, 2011 12:00am
Latam stocks lower

Latam stocks lower

Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious. The MSCI Latin America stock index fell 0.48 percent as a rebound last week from
Published 21 Aug, 2011 12:00am
Previous Day