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Archive - 2011-09-04
Bahrain Q2 GDP grows 1.0pc
Top News

Bahrain Q2 GDP grows 1.0pc

DUBAI : Bahrain's economy grew by 1.0 percent quarter-on-quarter in April-June, after shrinking by 1.4 percent in the fi
Published 04 Sep, 2011 09:08am
Economists weigh Obama's jobs options
Top News

Economists weigh Obama's jobs options

WASHINGTON: When President Barack Obama delivers his much-anticipated jobs plan to Congress this week, economists of all
Published 04 Sep, 2011 07:09am
Harris shines as Australia win first Test

Harris shines as Australia win first Test

Paceman Ryan Harris captured five wickets as Australia made full use of the second new ball to break a stubborn sixth-wicket partnership and mop up the tail on the way to a 125-run victory over Sri Lanka on the fourth day of the first Test on Saturday.
Published 04 Sep, 2011 12:00am
Kiprop adds world 1500m title to Olympic crown

Kiprop adds world 1500m title to Olympic crown

A masterclass in middle-distance running saw Asbel Kiprop add the world 1500m title to his Olympic crown in South Korea on Saturday. The 22-year-old Kenyan withstood charges from compatriot Silas Kiplagat, the Commonwealth champion, and Ethiopian Mekonnen
Published 04 Sep, 2011 12:00am
Hurdler Pearson hands Australia only gold

Hurdler Pearson hands Australia only gold

Sally Pearson stormed to Australia's first, and likely only, gold medal of the world championships on Saturday when she won the 100m hurdles in a new championship record of 12.28 seconds. Gold Coast resident Pearson had shown how determined she was by fir
Published 04 Sep, 2011 12:00am
Rain washes out first England, India ODI

Rain washes out first England, India ODI

Rain ruined the first one-day international between England and India on Saturday with the match at Durham being abandoned when the hosts were on 27 for 2 chasing India's 274 for seven. The umpires called the game off at 1630 GMT when rain began falling a
Published 04 Sep, 2011 12:00am
Wozniacki cruises, Berdych becomes 17th pullout

Wozniacki cruises, Berdych becomes 17th pullout

Top seed Caroline Wozniacki eased into the US Open last 16 on Saturday as Tomas Berdych became the latest victim of the injury curse which has swept through the season's last Grand Slam tournament. Wozniacki, the runner-up to Kim Clijsters in 2009 and sti
Published 04 Sep, 2011 12:00am
Sloppy Zimbabwe fail to penalise Pakistan

Sloppy Zimbabwe fail to penalise Pakistan

Pakistan reached 357-5 in reply to the hosts' 412 all out at the close of the third day of the one-off Test at Queens Sports Club here Saturday. Zimbabwe missed a cluster of chances to pile the pressure on Pakistan, dropping five catches with a fielding f
Published 04 Sep, 2011 12:00am
Pennetta shocks Sharapova, Murray struggles

Pennetta shocks Sharapova, Murray struggles

Maria Sharapova's US Open dream was shattered by Flavia Pennetta on Friday, while men's number four Andy Murray avoided an early exit with a wild five-set victory over Robin Haase. Pennetta, a 29-year-old Italian ranked 25th in the world, stunned an out-o
Published 04 Sep, 2011 12:00am
Armed guard for Afghan lawmakers after fraud ruling

Armed guard for Afghan lawmakers after fraud ruling

Armed police escorted nine new Afghan lawmakers, who were awarded seats after a review of poll fraud allegations, into parliament on Saturday, as the group they replaced and dozens of other lawmakers opposed to the change demonstrated outside. Some member
Published 04 Sep, 2011 12:00am
40 killed in religious clashes in Nigeria

40 killed in religious clashes in Nigeria

More than 40 people have been killed in clashes between Christian and Muslim groups in the Nigerian city of Jos, local media reported Saturday. According to the Tribune newspaper, youths were responsible for the fighting, which has picked up again in rece
Published 04 Sep, 2011 12:00am
Famine likely to spread in southern Somalia: UN

Famine likely to spread in southern Somalia: UN

Famine-hit areas of southern Somalia will likely spread in coming days, with the situation continuing to worsen despite massive international aid efforts, the United Nations has warned. "The situation in Somalia is deteriorating," the UN Office for the Co
Published 04 Sep, 2011 12:00am
Turkey puts squeeze on Egypt over Israel: analysts

Turkey puts squeeze on Egypt over Israel: analysts

Turkey's expulsion of the Israeli ambassador puts pressure on Egypt to downgrade ties following outrage over the killings of Egyptian policemen on the Sinai border with Israel, analysts said. But they said post-Mubarak Egypt's military rulers are unlikely
Published 04 Sep, 2011 12:00am
Iraq-based Kurdish rebels to unite against Iran

Iraq-based Kurdish rebels to unite against Iran

The separatist Kurdistan Workers' Party (PKK), which has battled Turkey for years, said on Saturday it will aid another north Iraq-based Kurdish rebel group in fighting against Iranian forces. Iran's elite Revolutionary Guards said earlier they had resume
Published 04 Sep, 2011 12:00am
Mugabe calls for elections in 2012

Mugabe calls for elections in 2012

Zimbabwean President Robert Mugabe said elections will be held in early 2012 and accused his rivals of stalling the process to write a new constitution to prolong the life of a fragile unity government, local media reported on Saturday.
Published 04 Sep, 2011 12:00am
India orders James Bond train stunt rewrite

India orders James Bond train stunt rewrite

India has asked the makers of the latest James Bond movie to change a stunt showing people travelling on train rooftops, saying it would depict the state-run railway in a poor light. "Rooftop travel is illegal in India and it cannot be encouraged," Indian
Published 04 Sep, 2011 12:00am
Medical report says Chirac unfit to face trial

Medical report says Chirac unfit to face trial

A medical report submitted this week argues that former French president Jacques Chirac is mentally unfit to face trial, his lawyers said on Saturday, two days before he is due to face charges of misusing public funds. The report raises the possibility th
Published 04 Sep, 2011 12:00am
Death in Venice as films set in Iran, Greece impress

Death in Venice as films set in Iran, Greece impress

A love story set in 1950s Iran and a disturbing Greek tale of a group who takes on the role of the recently deceased to ease relatives' grief have their world premieres at the Venice film festival on Saturday. "Chicken With Plums" is co-directed by Irania
Published 04 Sep, 2011 12:00am
Latam currencies slide on weak US job data

Latam currencies slide on weak US job data

Latin American currencies weakened against the US dollar on Friday as weak jobs data in the United States and doubts about debt reduction in Italy and Greece fed concern over the impact of a slowing world economy. US jobs growth halted in August, the Labo
Published 04 Sep, 2011 12:00am
Canadian dollar hits one-week low

Canadian dollar hits one-week low

The Canadian dollar hit a one-week low on Friday after the US jobs report for August came in far weaker than expected, reigniting fears about a global growth slowdown and sending investors to safe-haven assets. The US dollar also weakened against key curr
Published 04 Sep, 2011 12:00am
Speculators trim dollar shorts in latest week

Speculators trim dollar shorts in latest week

Currency speculators decreased bets against the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position fell to $14.62 billion in the week ended August
Published 04 Sep, 2011 12:00am
Excess liquidity pushes Euribor rates lower

Excess liquidity pushes Euribor rates lower

Key euro-priced bank-to-bank lending rates edged lower on Friday as downward pressure from an excess of liquidity in the system overpowered concerns about the outlook for the economy and euro zone banks. A worsening euro zone debt crisis and fears a reces
Published 04 Sep, 2011 12:00am
Dollar trending lower

Dollar trending lower

The dollar is likely to trend lower in the week ahead after another abysmal US jobs report on Friday, which investors perceive as raising the likelihood of further action by the Federal Reserve to aid the economy. With the benchmark US interest rate alrea
Published 04 Sep, 2011 12:00am
East African currencies outlook

East African currencies outlook

Kenya, Uganda and Tanzania's shillings all look likely to weaken next week, possibly to life-time lows against the dollar, amid soaring inflation and strong demand for hard currency from fuel importers.
Published 04 Sep, 2011 12:00am
Chinese yuan could challenge dollar role in a decade

Chinese yuan could challenge dollar role in a decade

Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the US dollar as the world's principal reserve currency as soon as next decade. Beijing has been promoting the use of the yuan beyo
Published 04 Sep, 2011 12:00am
US labour market woes sink Wall Street

US labour market woes sink Wall Street

US stocks tumbled 2 percent on Friday after data showing zero jobs growth in August brought investors face-to-face with the prospect of another recession. The declines left Wall Street lower for the sixth week out of seven as declining issues far outweigh
Published 04 Sep, 2011 12:00am
JGBs futures edge up

JGBs futures edge up

Japanese government bond future prices edged up from three-week lows on Friday, with market players saying that US payrolls data could cement expectations for more easing from the US Federal Reserve.
Published 04 Sep, 2011 12:00am
JGBs futures edge up

JGBs futures edge up

Japanese government bond future prices edged up from three-week lows on Friday, with market players saying that US payrolls data could cement expectations for more easing from the US Federal Reserve.
Published 04 Sep, 2011 12:00am
Latam stocks slump as US job growth stalls

Latam stocks slump as US job growth stalls

Latin American stocks sank on Friday after US data showed job growth stalled as investors said markets could remain volatile until investors get more clarity on potential US stimulus plans. The MSCI Latin American stock index tumbled 3.24 percent, falling
Published 04 Sep, 2011 12:00am
Bunds hit record high

Bunds hit record high

The German Bund future rallied to record highs after data showed US job growth ground to a halt in August, increasing the risk that the world's largest economy could slip back into recession. The risk of fiscal slippage in Greece and Italy had already sup
Published 04 Sep, 2011 12:00am
Bunds hit record high

Bunds hit record high

The German Bund future rallied to record highs after data showed US job growth ground to a halt in August, increasing the risk that the world's largest economy could slip back into recession. The risk of fiscal slippage in Greece and Italy had already sup
Published 04 Sep, 2011 12:00am
Treasuries gain on Fed bond purchase hopes

Treasuries gain on Fed bond purchase hopes

US Treasuries prices gained on Friday and benchmark note yields again fell below 2 percent after a weak jobs report increased the likelihood that the Federal Reserve would make new bond purchases. The unexpectedly weak monthly report, showing zero employm
Published 04 Sep, 2011 12:00am
Treasuries gain on Fed bond purchase hopes

Treasuries gain on Fed bond purchase hopes

US Treasuries prices gained on Friday and benchmark note yields again fell below 2 percent after a weak jobs report increased the likelihood that the Federal Reserve would make new bond purchases. The unexpectedly weak monthly report, showing zero employm
Published 04 Sep, 2011 12:00am
Sri Lankan stocks flat

Sri Lankan stocks flat

Sri Lanka's stock market ended flat on Friday, as strong interest from retail investors offset concerns over a lack of liquidity. The island nation's main share index edged down 0.01 percent or 0.89 of a point at 6,950.61, from its highest close since Aug
Published 04 Sep, 2011 12:00am
Toronto's main stock index slips

Toronto's main stock index slips

Toronto's main stock index ended lower on Friday after grim US jobs numbers revived recession fears, but rallying gold miners helped cushion the fall. Oil and gas shares were among the hardest hit as riskier assets were sold off after data unexpectedly sh
Published 04 Sep, 2011 12:00am
Indian bond yields rise as inflation, supply worries weigh

Indian bond yields rise as inflation, supply worries weigh

Indian federal bond yields rose after trading in a narrow band amid thin volumes as lingering worries over likely additional government borrowing this month and a possible rate increase to tame high inflation number at the central bank review weighed.
Published 04 Sep, 2011 12:00am
Indian bond yields rise as inflation, supply worries weigh

Indian bond yields rise as inflation, supply worries weigh

Indian federal bond yields rose after trading in a narrow band amid thin volumes as lingering worries over likely additional government borrowing this month and a possible rate increase to tame high inflation number at the central bank review weighed.
Published 04 Sep, 2011 12:00am
Turkish stocks off gains; bonds strengthen

Turkish stocks off gains; bonds strengthen

Turkish assets gained ground on Friday, playing catch-up with other emerging markets after a 3-day holiday, although the lira and equities reversed some of their gains while bonds strengthened after weaker-than-expected US jobs data.
Published 04 Sep, 2011 12:00am
Tech IPOs seen as good bet for post-Labour Day flotations

Tech IPOs seen as good bet for post-Labour Day flotations

It's been a rough summer for US initial public offerings after the stock market nose-dived, but tech issues could see strong demand after bankers and fund managers return from vacation in September. The growth promised by tech companies is dramatic and su
Published 04 Sep, 2011 12:00am
Italian stocks drop

Italian stocks drop

Italy's stock market plunged more 4.0 percent on Friday after a key US jobs report came in much weaker than expected and as the Italian government faced trenchant criticism over its planned austerity budget. At around 1515 GMT, the benchmark FTSE Mib inde
Published 04 Sep, 2011 12:00am
Libyan gas line to Italy to re-open by October 15

Libyan gas line to Italy to re-open by October 15

A pipeline pumping Libyan natural gas to Italy should re-open by October 15, the head of Italian energy giant ENI said on Wednesday, adding that he was concerned about supplies for the winter. "We have set ourselves the target, maybe a bit ambitious, of r
Published 04 Sep, 2011 12:00am
Stubborn capital flight erodes Argentina reserves

Stubborn capital flight erodes Argentina reserves

Argentina sold some $900 million of its dollar reserves last month to avert a steep drop in the peso, but officials and analysts say the country still has enough cash to protect itself from unexpected shocks. The central bank's foreign reserves dipped bel
Published 04 Sep, 2011 12:00am
Dealers see 80 percent chance of Fed's Operation Twist

Dealers see 80 percent chance of Fed's Operation Twist

Wall Street sees an 80 percent chance the Federal Reserve will intervene in the bond market to lower long-term interest rates, according to a Reuters poll, after a report showed the US jobs crisis deepened in August. The poll was conducted after a governm
Published 04 Sep, 2011 12:00am
Peugeot to re-enter Indian car market

Peugeot to re-enter Indian car market

French auto giant PSA Peugeot Citroen is to invest nearly $890 million to set up a factory in the western state of Gujarat for its re-entry into the Indian car market, a report said on Wednesday. The financial daily Mint said that the company would spend
Published 04 Sep, 2011 12:00am
Chevron awarded $96 million in Ecuador government dispute

Chevron awarded $96 million in Ecuador government dispute

An international tribunal ruled that Ecuador must pay Chevron Corp $96 million in connection with claims made in Ecuadorean courts in the early 1990s. The claims were unrelated to an $18 billion judgement rendered against Chevron by an Ecuadorean court ea
Published 04 Sep, 2011 12:00am
Oil revenues flow smoothly: South Sudan bank

Oil revenues flow smoothly: South Sudan bank

South Sudan has converted more than 75 percent of the currency that was in circulation into new South Sudanese pounds after splitting away from the rest of Sudan in July, the south's newly appointed central bank governor said on Thursday.
Published 04 Sep, 2011 12:00am
Deutsche eyes further growth in commodities trading

Deutsche eyes further growth in commodities trading

Deutsche Bank expects further growth in its commodities business, including oil, its global head of the asset class told Reuters after cementing the bank among the biggest players in the last five years. David Silbert, a US gas trader in the 1990s, who jo
Published 04 Sep, 2011 12:00am
Peru eyes debt sale as trust grows

Peru eyes debt sale as trust grows

Peru could tap global credit markets later this year as investors grow more confident in the economic policies of left-wing President Ollanta Humala, the country's finance minister told Reuters on Wednesday. Finance Minister Luis Miguel Castilla spoke a d
Published 04 Sep, 2011 12:00am
Costs, debt, competition weigh on Air France-KLM

Costs, debt, competition weigh on Air France-KLM

Air France-KLM faces a bumpier ride than its peers through the turbulent economic times ahead, as it wrestles with high staff costs, a large debt pile and tough competition that have battered its shares this year. The carrier's stock is the worst performe
Published 04 Sep, 2011 12:00am
Americans worry about economy after job report

Americans worry about economy after job report

New worries about the economy gripped America Saturday after a government report showed no job growth last month amid sagging consumer confidence. Economists raised new concerns about recession after the Labour Department said that private sector employme
Published 04 Sep, 2011 12:00am
Ukraine to seek better gas deal without Gazprom merger

Ukraine to seek better gas deal without Gazprom merger

Ukraine will appeal to the International Court if Russia does not offer a better deal on natural gas deliveries, and is not planning to merge its oil and gas firm Naftogaz with Russia's Gazprom, Ukrainian President said on Saturday.
Published 04 Sep, 2011 12:00am
Trichet presses Italy on budget targets

Trichet presses Italy on budget targets

ECB President Jean-Claude Trichet stepped up warnings over Italy's strained public finances on Saturday, telling the struggling centre-right government it must act quickly to reassure nervous markets. Prime Minister Silvio Berlusconi, hit by a renewed bou
Published 04 Sep, 2011 12:00am
Impasse continues at India's largest carmaker

Impasse continues at India's largest carmaker

India's largest carmaker Maruti Suzuki on Saturday said it rolled out just 150 cars from its plant in the north of the country - fraction of the usual number - as many workers remained locked out. Production of cars was halted last Monday after the Japane
Published 04 Sep, 2011 12:00am
Obama ups pressure on Congress over transportation

Obama ups pressure on Congress over transportation

President Barack Obama, under fire over high US unemployment, stepped up pressure on Congress on Saturday to pass transportation legislation he said would protect almost 1 million American jobs. "Allowing this bill to expire would be a disaster for our in
Published 04 Sep, 2011 12:00am
BoE's King has regrets over bank run

BoE's King has regrets over bank run

Bank of England Governor Mervyn King regrets failing to act swiftly enough to prevent a run on the Northern Rock bank, Britain's first in more than a century, then-finance minister Alistair Darling was quoted as saying.
Published 04 Sep, 2011 12:00am
EU's Almunia prudent on bank rescue plan rollout

EU's Almunia prudent on bank rescue plan rollout

The new framework the European Commission is working on to avoid taxpayers having to bail out banks again might be delayed due to market conditions, Competition Commissioner Joaquin Almunia said on Saturday. The European Commission presented a blueprint l
Published 04 Sep, 2011 12:00am
Spanish court rejects complaint against ratings agencies

Spanish court rejects complaint against ratings agencies

Spain's top criminal court has dismissed a complaint filed against ratings agencies Fitch, Moodys and Standard & Poors, arguing their downgrades of the country's credit rating were not a crime. The complaint filed in February by the tiny United Left party
Published 04 Sep, 2011 12:00am
Indian state seeks to tax big iron ore profits

Indian state seeks to tax big iron ore profits

India's biggest iron ore producing state has sought a new tax on mining profits and a higher royalty on steel feedstock, underlining a growing push from provincial governments and the steel industry to keep natural resources at home.
Published 04 Sep, 2011 12:00am
Bank of America layoffs to hit 30,000

Bank of America layoffs to hit 30,000

US banking giant Bank of America is mulling boosting its layoffs to 30,000, triple what was already in the works, the Charlotte Observer, the newspaper of the bank's hometown, said Friday. That would mean slashing more than 10 percent of its workforce, th
Published 04 Sep, 2011 12:00am
BMW sold more than 100,000 cars in August

BMW sold more than 100,000 cars in August

German car maker BMW has sold more than 100,000 cars in August, more than it has ever sold in that month, paving the way for the company to reach its 2011 sales target of more than 1.6 million, the group's financial chief told a German newspaper.
Published 04 Sep, 2011 12:00am
Banks approach Fiat on Hong Kong IPO for Ferrari

Banks approach Fiat on Hong Kong IPO for Ferrari

Several investment banks have approached Fiat SpA in recent weeks with a proposal to list legendary sports car maker Ferrari on the Hong Kong stock exchange, sources with direct knowledge of the matter told Reuters. A potential initial public offering cou
Published 04 Sep, 2011 12:00am
Banks approach Fiat on Hong Kong IPO for Ferrari

Banks approach Fiat on Hong Kong IPO for Ferrari

Several investment banks have approached Fiat SpA in recent weeks with a proposal to list legendary sports car maker Ferrari on the Hong Kong stock exchange, sources with direct knowledge of the matter told Reuters. A potential initial public offering cou
Published 04 Sep, 2011 12:00am
Soya export premiums weak at US Gulf Coast

Soya export premiums weak at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were weak on Friday, pressured by sinking CIF basis values and sluggish export demand for US supplies, traders said. CIF basis for US Gulf soyabeans collapsed this week amid the accelerating southern US harves
Published 04 Sep, 2011 12:00am
Share of milling wheat in Ukraine crop at 40-45 percent

Share of milling wheat in Ukraine crop at 40-45 percent

The share of milling wheat in Ukraine's 2011 wheat harvest as at between 40 and 45 percent, down from the last year 55 percent, analyst UkrAgroConsult said in a report. Ukraine's Farm Ministry last month said the share of milling wheat had reached 70 perc
Published 04 Sep, 2011 12:00am
Activity at Port Qasim's activities

Activity at Port Qasim's activities

A cargo volume of 80,489 tonnes, comprising 71,989 tonnes of import cargo and 8,500 tonnes of export cargo inclusive 1,393 loaded & empty containers (TEUs) was handled at the Port Qasim during last 24 hours on Saturday. The total import cargo of 71,989 to
Published 04 Sep, 2011 12:00am
Dry weather starts to hamper Argentine wheat

Dry weather starts to hamper Argentine wheat

The wheat crop in parts of Argentina's top producing province is starting to show the impact of dry and chilly weather in recent weeks, the Agriculture Ministry said on Friday in a weekly report. Argentina, a leading global wheat exporter, has yet to fore
Published 04 Sep, 2011 12:00am
US corn, soya futures rally as crop estimates spark buying

US corn, soya futures rally as crop estimates spark buying

US corn and soyabean futures rallied on Friday, with corn gaining 3 percent for its biggest daily rise in three weeks, as buyers remained concerned that hot and dry conditions will reduce crop yields in the Midwest and further diminish domestic stocks.
Published 04 Sep, 2011 12:00am
Brazil's coffee may be at risk from La Nina dryness

Brazil's coffee may be at risk from La Nina dryness

Brazil's coffee belt may face more weather risks in the coming weeks if rainfall is erratic, as some forecasters fear, during the critical flowering phase that will define next year's crop. The forecasters have ruled out further frosts for the region.
Published 04 Sep, 2011 12:00am
Europe cash cocoa awaits Ivorian crop quality news

Europe cash cocoa awaits Ivorian crop quality news

Cocoa on Europe's cash market ended the week unchanged, awaiting news of the quality of the main crop in Ivory Coast, the world's top producer, traders said. Ivory Coast differentials were about 50 pounds ($81) over London nearby cocoa futures contracts,
Published 04 Sep, 2011 12:00am
German court seen giving MPs more say in euro bailouts

German court seen giving MPs more say in euro bailouts

Germany's top court will likely rule next week that Berlin broke no laws by contributing to euro zone bailouts but parliament should get a bigger say in them from now, potentially limiting the bloc's ability to react swiftly in future crises.
Published 04 Sep, 2011 12:00am
Canadian authorities probing employees of SNC-Lavalin

Canadian authorities probing employees of SNC-Lavalin

Canadian authorities are investigating employees of SNC-Lavalin Group Inc for possible corruption involving a $1.2 billion World Bank bridge project in Bangladesh, a bank spokesman said on Friday. The World Bank said it had been informed that the Royal Ca
Published 04 Sep, 2011 12:00am
Three Chinese firms to pay $1.95bn for Brazil miner stake

Three Chinese firms to pay $1.95bn for Brazil miner stake

Three Chinese firms will pay $1.95 billion for a 15 percent stake in Brazilian rare metal mining firm CBMM, the world's biggest producer of niobium, state media said Thursday. Taiyuan Iron and Steel Group, financial conglomerate CITIC Group and Baosteel G
Published 04 Sep, 2011 12:00am
Brazil's growth slows

Brazil's growth slows

Brazil's economy slowed in the second quarter on weakening in the agricultural and industrial sectors, possibly signalling a sharper slowdown in coming months as its boom fades. But Latin America's largest economy kept growing strongly in some sectors, ra
Published 04 Sep, 2011 12:00am
Optimism for US hiring gives way to caution

Optimism for US hiring gives way to caution

Small business owner Bill Thompson says he doesn't need a government plan to get him to hire more workers - what he needs is for the economy to get back on track. "I really don't need incentives. What I need is for there to be activity going on and I'll g
Published 04 Sep, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (September 03, 2011) and the forecast for Sunday (September 04, 2011).

Published 04 Sep, 2011 12:00am
Tehreek-e-Taliban Pakistan claims kidnap of 30 Pakistanis

Tehreek-e-Taliban Pakistan claims kidnap of 30 Pakistanis

Taliban on Saturday claimed responsibility for the kidnap of more than 30 young people who mistakenly crossed the border from KP into Afghanistan. A spokesman for Tehreek-e-Taliban Pakistan said those kidnapped were not boys as reported by Pakistani offic
Published 04 Sep, 2011 12:00am
Tehreek-e-Taliban Pakistan claims kidnap of 30 Pakistanis

Tehreek-e-Taliban Pakistan claims kidnap of 30 Pakistanis

Taliban on Saturday claimed responsibility for the kidnap of more than 30 young people who mistakenly crossed the border from KP into Afghanistan. A spokesman for Tehreek-e-Taliban Pakistan said those kidnapped were not boys as reported by Pakistani offic
Published 04 Sep, 2011 12:00am
Trade debt of TCP rose 93 percent in fiscal year 2010

Trade debt of TCP rose 93 percent in fiscal year 2010

Trade debt of Trading Corporation of Pakistan increased from Rs 16.21 billion of 2008-09 to Rs 31.3 billion during 2009-10, registering an increase of 93.13 percent. The Audit Report-2010-11 has pointed out that serious efforts are required for early reco
Published 04 Sep, 2011 12:00am
Trade debt of TCP rose 93 percent in fiscal year 2010

Trade debt of TCP rose 93 percent in fiscal year 2010

Trade debt of Trading Corporation of Pakistan increased from Rs 16.21 billion of 2008-09 to Rs 31.3 billion during 2009-10, registering an increase of 93.13 percent. The Audit Report-2010-11 has pointed out that serious efforts are required for early reco
Published 04 Sep, 2011 12:00am
Trade debt of TCP rose 93 percent in fiscal year 2010

Trade debt of TCP rose 93 percent in fiscal year 2010

Trade debt of Trading Corporation of Pakistan increased from Rs 16.21 billion of 2008-09 to Rs 31.3 billion during 2009-10, registering an increase of 93.13 percent. The Audit Report-2010-11 has pointed out that serious efforts are required for early reco
Published 04 Sep, 2011 12:00am
People have stood up against outlaws: Prime Minister

People have stood up against outlaws: Prime Minister

Prime Minister Yousuf Raza Gilani said here on Saturday that the people of Sindh have stood up against land grabbers, extortionists and terrorists and they would not rest till these criminals are eliminated from the province.
Published 04 Sep, 2011 12:00am
People have stood up against outlaws: Prime Minister

People have stood up against outlaws: Prime Minister

Prime Minister Yousuf Raza Gilani said here on Saturday that the people of Sindh have stood up against land grabbers, extortionists and terrorists and they would not rest till these criminals are eliminated from the province.
Published 04 Sep, 2011 12:00am
Karachi violence should end: DG ISPR

Karachi violence should end: DG ISPR

Expressing concerns about the prevailing security situation in Karachi, Pakistan Army says that every type of violence grappling the city of the Quaid should end, a private TV channel reported. In an interview with British broadcaster on Saturday, DG ISPR
Published 04 Sep, 2011 12:00am
Karachi violence should end: DG ISPR

Karachi violence should end: DG ISPR

Expressing concerns about the prevailing security situation in Karachi, Pakistan Army says that every type of violence grappling the city of the Quaid should end, a private TV channel reported. In an interview with British broadcaster on Saturday, DG ISPR
Published 04 Sep, 2011 12:00am
Banker, his wife among seven killed in Karachi

Banker, his wife among seven killed in Karachi

Seven more people, including a banker and a worker of national flag carrier, were killed in separate incidents in various parts of the metropolis on Saturday. According to police, 40-year-old Arghaman, son of Anwar Jalil, and his wife Anila, 30, were kill
Published 04 Sep, 2011 12:00am
Banker, his wife among seven killed in Karachi

Banker, his wife among seven killed in Karachi

Seven more people, including a banker and a worker of national flag carrier, were killed in separate incidents in various parts of the metropolis on Saturday. According to police, 40-year-old Arghaman, son of Anwar Jalil, and his wife Anila, 30, were kill
Published 04 Sep, 2011 12:00am
Section 122 (9) of IT Ordinance: FBR decides to amend assessment orders

Section 122 (9) of IT Ordinance: FBR decides to amend assessment orders

The Federal Board of Revenue has decided to amend the income tax assessment orders under section 122 (9) of the Income Tax Ordinance 2001 in all cases where the commissioners would detect glaring discrepancies in the income tax returns, filed by around 27
Published 04 Sep, 2011 12:00am
Section 122 (9) of IT Ordinance: FBR decides to amend assessment orders

Section 122 (9) of IT Ordinance: FBR decides to amend assessment orders

The Federal Board of Revenue has decided to amend the income tax assessment orders under section 122 (9) of the Income Tax Ordinance 2001 in all cases where the commissioners would detect glaring discrepancies in the income tax returns, filed by around 27
Published 04 Sep, 2011 12:00am
Section 122 (9) of IT Ordinance: FBR decides to amend assessment orders

Section 122 (9) of IT Ordinance: FBR decides to amend assessment orders

The Federal Board of Revenue has decided to amend the income tax assessment orders under section 122 (9) of the Income Tax Ordinance 2001 in all cases where the commissioners would detect glaring discrepancies in the income tax returns, filed by around 27
Published 04 Sep, 2011 12:00am
CSTRO reopens from tomorrow

CSTRO reopens from tomorrow

The Federal Board of Revenue (FBR) had temporarily closed the Centralised Sales Tax Refund Office (CSTRO) at the FBR House, following fraudulent payment of sales tax refund involving millions of rupees through the electronic refund payment system. Sources
Published 04 Sep, 2011 12:00am
CSTRO reopens from tomorrow

CSTRO reopens from tomorrow

The Federal Board of Revenue (FBR) had temporarily closed the Centralised Sales Tax Refund Office (CSTRO) at the FBR House, following fraudulent payment of sales tax refund involving millions of rupees through the electronic refund payment system. Sources
Published 04 Sep, 2011 12:00am
CSTRO reopens from tomorrow

CSTRO reopens from tomorrow

The Federal Board of Revenue (FBR) had temporarily closed the Centralised Sales Tax Refund Office (CSTRO) at the FBR House, following fraudulent payment of sales tax refund involving millions of rupees through the electronic refund payment system. Sources
Published 04 Sep, 2011 12:00am
World Bank chief warns of economic 'danger zone'

World Bank chief warns of economic 'danger zone'

World Bank chief Robert Zoellick warned Saturday that the global economy was heading into a new "danger zone", as he urged China to speed up structural reforms to help its development. "The financial crisis in Europe has become a sovereign debt crisis, wi
Published 04 Sep, 2011 12:00am
World Bank chief warns of economic 'danger zone'

World Bank chief warns of economic 'danger zone'

World Bank chief Robert Zoellick warned Saturday that the global economy was heading into a new "danger zone", as he urged China to speed up structural reforms to help its development. "The financial crisis in Europe has become a sovereign debt crisis, wi
Published 04 Sep, 2011 12:00am
World Bank chief warns of economic ''danger zone''

World Bank chief warns of economic ''danger zone''

World Bank chief Robert Zoellick warned Saturday that the global economy was heading into a new "danger zone", as he urged China to speed up structural reforms to help its development. "The financial crisis in Europe has become a sovereign debt crisis, wi
Published 04 Sep, 2011 12:00am
Import policy badly impacting automotive industry

Import policy badly impacting automotive industry

Relaxation in the import policy, allowing import of used cars, trucks and commercial vehicles, is adversely impacting the local automotive industry. According to industry sources, this has resulted in a steep fall in the assembly and manufacture of these
Published 04 Sep, 2011 12:00am
Import policy badly impacting automotive industry

Import policy badly impacting automotive industry

Relaxation in the import policy, allowing import of used cars, trucks and commercial vehicles, is adversely impacting the local automotive industry. According to industry sources, this has resulted in a steep fall in the assembly and manufacture of these
Published 04 Sep, 2011 12:00am
Import policy badly impacting automotive industry

Import policy badly impacting automotive industry

Relaxation in the import policy, allowing import of used cars, trucks and commercial vehicles, is adversely impacting the local automotive industry. According to industry sources, this has resulted in a steep fall in the assembly and manufacture of these
Published 04 Sep, 2011 12:00am
ECC told of rising trend in sugar prices

ECC told of rising trend in sugar prices

The Ministry of Finance has informed the Economic Co-ordination Committee (ECC) about the rising trend in sugar prices, which went up from Rs 71 to Rs 73. 41, it is learnt. Sources told Business Recorder that the price of sugar witnessed Rs 2 per k
Published 04 Sep, 2011 12:00am
ECC told of rising trend in sugar prices

ECC told of rising trend in sugar prices

The Ministry of Finance has informed the Economic Co-ordination Committee (ECC) about the rising trend in sugar prices, which went up from Rs 71 to Rs 73. 41, it is learnt. Sources told Business Recorder that the price of sugar witnessed Rs 2 per k
Published 04 Sep, 2011 12:00am
ECC told of rising trend in sugar prices

ECC told of rising trend in sugar prices

The Ministry of Finance has informed the Economic Co-ordination Committee (ECC) about the rising trend in sugar prices, which went up from Rs 71 to Rs 73. 41, it is learnt. Sources told Business Recorder that the price of sugar witnessed Rs 2 per k
Published 04 Sep, 2011 12:00am
5-7 percent cotton crop damaged: PCGA

5-7 percent cotton crop damaged: PCGA

Pakistan Cotton Ginners Association's acting chairman Shehzad Ali Khan has said that the current widespread rains in the country have damaged almost 5 to 7 percent of total size of the anticipated cotton crop 2011-12. He said that the current devastating
Published 04 Sep, 2011 12:00am
5-7 percent cotton crop damaged: PCGA

5-7 percent cotton crop damaged: PCGA

Pakistan Cotton Ginners Association's acting chairman Shehzad Ali Khan has said that the current widespread rains in the country have damaged almost 5 to 7 percent of total size of the anticipated cotton crop 2011-12. He said that the current devastating
Published 04 Sep, 2011 12:00am
5-7 percent cotton crop damaged: PCGA

5-7 percent cotton crop damaged: PCGA

Pakistan Cotton Ginners Association''s acting chairman Shehzad Ali Khan has said that the current widespread rains in the country have damaged almost 5 to 7 percent of total size of the anticipated cotton crop 2011-12. He said that the current devastating
Published 04 Sep, 2011 12:00am
Phenomenal losses caused by heavy rains in Sindh

Phenomenal losses caused by heavy rains in Sindh

Heavy rains, continuing for past six days in almost all parts of Sindh, have destroyed 100 percent seasonal vegetable crops, 70 percent cotton, 50 percent standing rice crops and 70 percent sugarcane crops, resulting in growers having to face about Rs 200
Published 04 Sep, 2011 12:00am
Phenomenal losses caused by heavy rains in Sindh

Phenomenal losses caused by heavy rains in Sindh

Heavy rains, continuing for past six days in almost all parts of Sindh, have destroyed 100 percent seasonal vegetable crops, 70 percent cotton, 50 percent standing rice crops and 70 percent sugarcane crops, resulting in growers having to face about Rs 200
Published 04 Sep, 2011 12:00am
Phenomenal losses caused by heavy rains in Sindh

Phenomenal losses caused by heavy rains in Sindh

Heavy rains, continuing for past six days in almost all parts of Sindh, have destroyed 100 percent seasonal vegetable crops, 70 percent cotton, 50 percent standing rice crops and 70 percent sugarcane crops, resulting in growers having to face about Rs 200
Published 04 Sep, 2011 12:00am
Raw cotton export posts remarkable surge

Raw cotton export posts remarkable surge

Raw cotton export registered a healthy growth of over 1000 percent during the first month of current fiscal year (FY12) because of decline in prices and demand on the international front. Exporters told Business Recorder on Saturday that raw cotton
Published 04 Sep, 2011 12:00am
Raw cotton export posts remarkable surge

Raw cotton export posts remarkable surge

Raw cotton export registered a healthy growth of over 1000 percent during the first month of current fiscal year (FY12) because of decline in prices and demand on the international front. Exporters told Business Recorder on Saturday that raw cotton
Published 04 Sep, 2011 12:00am
Raw cotton export posts remarkable surge

Raw cotton export posts remarkable surge

Raw cotton export registered a healthy growth of over 1000 percent during the first month of current fiscal year (FY12) because of decline in prices and demand on the international front. Exporters told Business Recorder on Saturday that raw cotton
Published 04 Sep, 2011 12:00am
CASA-1000 project in the doldrums?

CASA-1000 project in the doldrums?

The electricity import project codenamed CASA-1000 (Central Asia-South Asia) is in the doldrums as the World Bank, the most critical catalyst in the project backed by Washington so far, has reportedly requested the Tajik government to review progress of R
Published 04 Sep, 2011 12:00am
CASA-1000 project in the doldrums?

CASA-1000 project in the doldrums?

The electricity import project codenamed CASA-1000 (Central Asia-South Asia) is in the doldrums as the World Bank, the most critical catalyst in the project backed by Washington so far, has reportedly requested the Tajik government to review progress of R
Published 04 Sep, 2011 12:00am
CASA-1000 project in the doldrums?

CASA-1000 project in the doldrums?

The electricity import project codenamed CASA-1000 (Central Asia-South Asia) is in the doldrums as the World Bank, the most critical catalyst in the project backed by Washington so far, has reportedly requested the Tajik government to review progress of R
Published 04 Sep, 2011 12:00am
Iran says kills 30 Kurd rebels in new border push

Iran says kills 30 Kurd rebels in new border push

Iran said its troops killed or wounded 30 Kurdish rebels in a fresh assault on the mountainous border with Iraq where witnesses reported fierce fighting and shelling on Saturday. A commander of Iran's Revolutionary Guards said the military push was launch
Published 04 Sep, 2011 12:00am
Alstom wins 66 million euro deal for Iraq power plant

Alstom wins 66 million euro deal for Iraq power plant

French engineering group Alstom signed a 66 million euro ($93.7 million) contract with Iraq to build and install a power station in the northern province of Nineveh, Iraq's electricity ministry said on Saturday. The plant should start production by the en
Published 04 Sep, 2011 12:00am
Experts downbeat on global economy

Experts downbeat on global economy

Business leaders and finance experts gathered in Italy have offered a downbeat assessment of the global economy with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatilit
Published 04 Sep, 2011 12:00am
Indian Prime Minister isolated in government on Pakistan: WikiLeaks

Indian Prime Minister isolated in government on Pakistan: WikiLeaks

Fresh Wikileaks cables revealed that United States Ambassadors in New Delhi had told the State Department that Prime Minister Manmohan Singh was "isolated" in his government on talks with Pakistan and that there was a pro-US tilt in Mani Shankar Aiyar's r
Published 04 Sep, 2011 12:00am
Indian Prime Minister isolated in government on Pakistan: WikiLeaks

Indian Prime Minister isolated in government on Pakistan: WikiLeaks

Fresh Wikileaks cables revealed that United States Ambassadors in New Delhi had told the State Department that Prime Minister Manmohan Singh was "isolated" in his government on talks with Pakistan and that there was a pro-US tilt in Mani Shankar Aiyar's r
Published 04 Sep, 2011 12:00am
Mass protests press Israel Prime Minister for economic reform

Mass protests press Israel Prime Minister for economic reform

Tens of thousands of Israelis marched for lower living costs on Saturday in what protest leaders called "a moment of truth" for a movement that has mounted pressure on Prime Minister Benjamin Netanyahu to take on sweeping economic reform. "An entire gener
Published 04 Sep, 2011 12:00am
Mass protests press Israel Prime Minister for economic reform

Mass protests press Israel Prime Minister for economic reform

Tens of thousands of Israelis marched for lower living costs on Saturday in what protest leaders called "a moment of truth" for a movement that has mounted pressure on Prime Minister Benjamin Netanyahu to take on sweeping economic reform. "An entire gener
Published 04 Sep, 2011 12:00am
'Files show Western spy agency ties to Libya'

'Files show Western spy agency ties to Libya'

Files found at a Libyan government building show strong co-operation between US and British intelligence agencies and Muammar Qadhafi's regime, including shipping terror suspects to Libya for interrogation, media reports said. The Central Intelligence Age
Published 04 Sep, 2011 12:00am
'Files show Western spy agency ties to Libya'

'Files show Western spy agency ties to Libya'

Files found at a Libyan government building show strong co-operation between US and British intelligence agencies and Muammar Qadhafi's regime, including shipping terror suspects to Libya for interrogation, media reports said. The Central Intelligence Age
Published 04 Sep, 2011 12:00am
Support for India's scandal-hit government collapses: poll

Support for India's scandal-hit government collapses: poll

The popularity of India's embattled Congress-led government, buffeted by corruption, high inflation and slowing economic growth, has fallen sharply among voters, a new poll said Saturday. The poll was carried out after 74-year-old self-styled Gandhian cam
Published 04 Sep, 2011 12:00am
Support for India's scandal-hit government collapses: poll

Support for India's scandal-hit government collapses: poll

The popularity of India's embattled Congress-led government, buffeted by corruption, high inflation and slowing economic growth, has fallen sharply among voters, a new poll said Saturday. The poll was carried out after 74-year-old self-styled Gandhian cam
Published 04 Sep, 2011 12:00am
Euro bond would get weakest member's rating: S&P

Euro bond would get weakest member's rating: S&P

A joint bond issue by eurozone countries would get the weakest member's rating if the issue was jointly guaranteed, the head of Standard & Poor's European sovereign ratings said on Saturday. S&P was not in talks with the European Union about the idea beca
Published 04 Sep, 2011 12:00am
Euro bond would get weakest member's rating: S&P

Euro bond would get weakest member's rating: S&P

A joint bond issue by eurozone countries would get the weakest member's rating if the issue was jointly guaranteed, the head of Standard & Poor's European sovereign ratings said on Saturday. S&P was not in talks with the European Union about the idea beca
Published 04 Sep, 2011 12:00am
Euro bond would get weakest member''s rating: S&P

Euro bond would get weakest member''s rating: S&P

A joint bond issue by eurozone countries would get the weakest member''s rating if the issue was jointly guaranteed, the head of Standard & Poor''s European sovereign ratings said on Saturday. S&P was not in talks with the European Union about the idea be
Published 04 Sep, 2011 12:00am
Euro bond would get weakest member''''s rating: S&P

Euro bond would get weakest member''''s rating: S&P

A joint bond issue by eurozone countries would get the weakest member''''s rating if the issue was jointly guaranteed, the head of Standard & Poor''''s European sovereign ratings said on Saturday. S&P was not in talks with the European Union about the ide
Published 04 Sep, 2011 12:00am
Ten dead in China mine accident

Ten dead in China mine accident

The bodies of 10 miners have been pulled from a flooded mine in China's south-western province of Sichuan, state media reported Saturday, adding two more remain trapped underground. Rescuers are trying to reach the pair, who have been trapped since the mi
Published 04 Sep, 2011 12:00am
Ten dead in China mine accident

Ten dead in China mine accident

The bodies of 10 miners have been pulled from a flooded mine in China's south-western province of Sichuan, state media reported Saturday, adding two more remain trapped underground. Rescuers are trying to reach the pair, who have been trapped since the mi
Published 04 Sep, 2011 12:00am
Hundreds of far-right activists protest in London

Hundreds of far-right activists protest in London

Far-right protesters have clashed with London police during a demonstration held despite a ban on marches in six parts of Britain's capital. Home Secretary Theresa May imposed the 30-day ban late last month over fears of unrest at a march planned by the E
Published 04 Sep, 2011 12:00am
Hundreds of far-right activists protest in London

Hundreds of far-right activists protest in London

Far-right protesters have clashed with London police during a demonstration held despite a ban on marches in six parts of Britain's capital. Home Secretary Theresa May imposed the 30-day ban late last month over fears of unrest at a march planned by the E
Published 04 Sep, 2011 12:00am
SNGPL restores gas to Industrial Zone I

SNGPL restores gas to Industrial Zone I

The Sui Northern Gas Pipe Lines (SNGPL) has decided to restore gas to Industrial Zone I, comprising Lahore, Sahiwal and Sheikhupura, from Saturday evening at 1800 hours while the industries in Zone II, comprising Faisalabad, Multan, Bahawalpur, Islamabad
Published 04 Sep, 2011 12:00am
SNGPL restores gas to Industrial Zone I

SNGPL restores gas to Industrial Zone I

The Sui Northern Gas Pipe Lines (SNGPL) has decided to restore gas to Industrial Zone I, comprising Lahore, Sahiwal and Sheikhupura, from Saturday evening at 1800 hours while the industries in Zone II, comprising Faisalabad, Multan, Bahawalpur, Islamabad
Published 04 Sep, 2011 12:00am
SNGPL restores gas to Industrial Zone I

SNGPL restores gas to Industrial Zone I

The Sui Northern Gas Pipe Lines (SNGPL) has decided to restore gas to Industrial Zone I, comprising Lahore, Sahiwal and Sheikhupura, from Saturday evening at 1800 hours while the industries in Zone II, comprising Faisalabad, Multan, Bahawalpur, Islamabad
Published 04 Sep, 2011 12:00am
Local producers reduce LPG prices

Local producers reduce LPG prices

Local producers of liquefied petroleum gas (LPG) on Saturday reduced LPG prices by Rs 2,436 to Rs 84,082 per ton, decreasing its retail prices by Rs 2.5 to Rs 112-120 per kg across the country. According to the acting chairman of All Pakistan LPG Distribu
Published 04 Sep, 2011 12:00am
Local producers reduce LPG prices

Local producers reduce LPG prices

Local producers of liquefied petroleum gas (LPG) on Saturday reduced LPG prices by Rs 2,436 to Rs 84,082 per ton, decreasing its retail prices by Rs 2.5 to Rs 112-120 per kg across the country. According to the acting chairman of All Pakistan LPG Distribu
Published 04 Sep, 2011 12:00am
Local producers reduce LPG prices

Local producers reduce LPG prices

Local producers of liquefied petroleum gas (LPG) on Saturday reduced LPG prices by Rs 2,436 to Rs 84,082 per ton, decreasing its retail prices by Rs 2.5 to Rs 112-120 per kg across the country. According to the acting chairman of All Pakistan LPG Distribu
Published 04 Sep, 2011 12:00am
Punjab government to spend Rs 2.5 billion in livestock sector

Punjab government to spend Rs 2.5 billion in livestock sector

The government of Punjab will spend Rs 2.5 billion in livestock sector during current fiscal year in order to enhance meat and milk production, official sources told APP here on Saturday. The projects in this vital sector of economy will create job opport
Published 04 Sep, 2011 12:00am
Lahoriites continue Eid celebrations

Lahoriites continue Eid celebrations

Lahoriites on the fourth day of Eid-ul-Fitr thronged city parks and recreational places to celebrate the festivity here Saturday. Despite rain, as usual, the centre of attraction was Lahore Zoo, which was overflowing with visitors. PIA planetarium at Chou
Published 04 Sep, 2011 12:00am
Two killed, one injured; 11 gamblers arrested

Two killed, one injured; 11 gamblers arrested

Two persons have been killed and another injured over petty issues in two separate incidents on Saturday, police said. According to the police, two unknown outlaws entered the house of Muzaffar Din and opened fire on the inmates. One Hafiz Muhammad Akhtar
Published 04 Sep, 2011 12:00am
SCBA hosts conference 'Justice for All'

SCBA hosts conference 'Justice for All'

The Supreme Court Bar Association (SCBA) has arranged a three-day international conference in Lahore in which delegates from abroad would participate. Chief Justice of Pakistan Iftikhar Muhammad Chaudhry will inaugurate the conference titled "Justice for
Published 04 Sep, 2011 12:00am
Rs five billion allocated for relief, rescue: Sharjeel

Rs five billion allocated for relief, rescue: Sharjeel

Recounting relief measures taken in the wake of devastating rains, Sindh Minister for Information Sharjeel Inam Memon Saturday said the provincial government had allocated a sum of Rs 5 billion for relief and rescue operations besides setting up 878 relie
Published 04 Sep, 2011 12:00am
Prime Minister visits Lahore neighbourhoods without protocol

Prime Minister visits Lahore neighbourhoods without protocol

Prime Minister Syed Yousuf Raza Gilani on Saturday visited various areas of Lahore without protocol during more than two hours of drive in a motorcade. It was raining when the Prime Minister visited the residence of his teacher late Professor Waris Mir in
Published 04 Sep, 2011 12:00am
Tehsil officer, building inspector arrested for misappropriation

Tehsil officer, building inspector arrested for misappropriation

Anti-Corruption Establishment Punjab arrested Tehsil Officer Planning and Co-ordination, TMA Sheikhupura, Ejaz Chughtai and Building Inspector Shehzad Ahmad on charges of corruption and misappropriation of Rs 9.01 million in commercialisation fee of the T
Published 04 Sep, 2011 12:00am
Six taluka administrators suspended

Six taluka administrators suspended

Sindh Chief Minister Syed Qaim Ali Shah suspended six taluka administrators of Khairpur district on public complaints. Taking notice of complaints, the Chief Minister suspended administrators of six rain-hit talukas including Gumbatt, Sobo Dero, Kot Deji,
Published 04 Sep, 2011 12:00am
Matric supplementary exams: forms to be received up to September 6

Matric supplementary exams: forms to be received up to September 6

Board of Intermediate and Secondary Education (BISE) Faisalabad will receive admission forms along with single fee for Matriculation Supplementary Examination 2011 up to Tuesday (September 06, 2011). According to a spokesman of the BISE, Matric Supplement
Published 04 Sep, 2011 12:00am
Thar coal gasification project: first test burn expected next month

Thar coal gasification project: first test burn expected next month

The first test burn at the underground coal gasification project at Tharparkar in Sindh province is expected to be conducted next month. 100 megawatt electricity is planned to be generated by the project by December 2013. Official sources said the first g
Published 04 Sep, 2011 12:00am
SHOs' transfers and postings in Bannu

SHOs' transfers and postings in Bannu

Station Police Officers (SHOs) of various police stations in District Bannu have been transferred and posted, according to notification issued here on Saturday.
Published 04 Sep, 2011 12:00am
Met Office warns of deluge in Sindh, southern Punjab

Met Office warns of deluge in Sindh, southern Punjab

The Met Office on Saturday warned that heavy rainfall may cause urban/flash flooding in Sindh and southern Punjab, as it forecast widespread rain/thundershower with isolated heavy falls in most parts of the country.
Published 04 Sep, 2011 12:00am
Sheikhupura TMA officials held on corruption charges

Sheikhupura TMA officials held on corruption charges

Anti-Corruption Establishment (ACE) Punjab has arrested Sheikhupura TMA Tehsil Officer (Planning and Co-ordination) Ejaz Chughtai and Building Inspector Shehzad Ahmad on charges of corruption and misappropriation of Rs 9.01 million in commercialisation fe
Published 04 Sep, 2011 12:00am
Moonsoon rains begin in Balochistan

Moonsoon rains begin in Balochistan

Director General Provincial Disaster Management Authority (PDMA) Tahir Muneer Minhas has said that moonsoon rains have begun in Balochistan and so far three districts Loralai, Kalat and Khuzdar have been worst hit. Monsoon rains have caused 9 deaths in th
Published 04 Sep, 2011 12:00am
Two killed in Khuzdar

Two killed in Khuzdar

Two persons including a woman were killed and eight others injured here in Shah Noorani area on Saturday evening. According to local police, some unknown men opened fire at them. The reason behind incident and identity of deceased and injured could not be
Published 04 Sep, 2011 12:00am
Rain-hit victims: compensation demanded

Rain-hit victims: compensation demanded

Balochistan Minister for Irrigation Sardar Mohammad Aslam Bizenjo assured for taking all possible measures to compensate the losses, the people suffered due to heavy rains in parts of the province. Talking to reporters here on Saturday, he said the provin
Published 04 Sep, 2011 12:00am
Activation of rain emergency centre directed

Activation of rain emergency centre directed

Administrator Orangi Town, Qamar Sheikh, has directed the officials concerned to activate town rain emergency centre and remove encroachment from the surroundings of nallahs (drainage). He was chairing a meeting of the town officials, said a statement iss
Published 04 Sep, 2011 12:00am
Bilawal to attend political parties moot

Bilawal to attend political parties moot

Chairman, Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari will attend three-day international conference of political parties which begins Sunday (today) in the Nanang city of China. Bilawal Bhutto, accompanied by his delegation members Raja Pervez A
Published 04 Sep, 2011 12:00am
GCU to resume academic activities from September 5

GCU to resume academic activities from September 5

Classes and semester work at Government College University Lahore will resume from Monday (tomorrow). GCU Registrar, Professor Anjum Nisar said, here on Saturday, that all classes including intermediate, graduate and post-graduate programmes would start f
Published 04 Sep, 2011 12:00am
Musharraf, Singh inches away from deal on Kashmir: WikiLeaks

Musharraf, Singh inches away from deal on Kashmir: WikiLeaks

India and Pakistan had through "back channels" agreed to a non-territorial solution to Kashmir. A newly released WikiLeaks cable revealed that former Pakistani President Pervez Musharraf and Indian Prime Minister Manmohan Singh were inches away to resolve
Published 04 Sep, 2011 12:00am
Rain-hit districts: no 'abyana' to be collected, says Soomro

Rain-hit districts: no 'abyana' to be collected, says Soomro

Minister for Law and Industries, Muhammad Ayaz Soomro has said that funds have been released to the DCOs of 12 rain/flood-affected districts of the province. The officers have been directed to provide relief and foodstuff to flood victims without delay.
Published 04 Sep, 2011 12:00am
Joint check-post on Sindh-Balochistan border planned

Joint check-post on Sindh-Balochistan border planned

A joint force of FIA, Coast Guards and Frontier Constabulary will be established on Sindh-Balochistan border to check movement of terrorists and smuggling of arms. This was decided at a meeting here on Saturday chaired by Interior Minister Rehman Malik.
Published 04 Sep, 2011 12:00am
Anti-encroachment operation to improve water network

Anti-encroachment operation to improve water network

A big anti-encroachments operation would be launched soon to erase illegal constructions erected on water lines and nallahs in the limits of Shah Faisal Town, said Administrator Shah Faisal Town, Kamal Mustafa. He said this while inspecting arrangements t
Published 04 Sep, 2011 12:00am
SSGC deploys vigilance teams in Sindh, Balochistan

SSGC deploys vigilance teams in Sindh, Balochistan

Sui Southern Gas Company (SSGC) has deployed its engineering and vigilance teams to monitor gas distribution system throughout Sindh and Balochistan. According to SSGC spokesman here Saturday, this step had been taken on the instructions of Minister for P
Published 04 Sep, 2011 12:00am
Sindh government allocates Rs five billion for rain-hit people

Sindh government allocates Rs five billion for rain-hit people

Sindh Government has allocated an amount of Rs five billion to provide immediate assistance to the rain-hit victims in the entire province, said Sindh Minister for Information, Sharjeel Inam Memon at a press briefing about a meeting held to discuss rescue
Published 04 Sep, 2011 12:00am
'PIA provided facilities in bringing back stranded Umra passengers'

'PIA provided facilities in bringing back stranded Umra passengers'

The national flag carrier, PIA, provided facilitation and assistance in bringing back the stranded Pakistanis from Saudi Arabia, PIA spokesman said here on Saturday. He said that PIA has so far operated more than 170 'extra' flights for Umrah besides its
Published 04 Sep, 2011 12:00am
Action against criminals will continue in Karachi: chief minister

Action against criminals will continue in Karachi: chief minister

Chief Minister Sindh Syed Qaim Ali Shah and Federal Interior Minister Rehman Malik Saturday held a meeting at CM's House, which reviewed the overall law and order situation of Sindh province particularly the Karachi. The meeting was also attended by Senio
Published 04 Sep, 2011 12:00am
CID arrests Hizb man in Karachi

CID arrests Hizb man in Karachi

The Crime Investigation Department (CID) on Saturday claimed to have arrested an alleged militant involved in several bank robberies in Karachi. According to CID officials, the suspect, who belonged to the Hizbullah Parachinar Group (Shia), was arrested a
Published 04 Sep, 2011 12:00am
Water-level in Manchar lake rises

Water-level in Manchar lake rises

Current spell of monsoon rain has raised the water level at Manchar lake to 112.10 feet (just 5 feet below its maximum capacity of 117 feet), district administration, Dadu said in an announcement here on Saturday. Water has already started overflowing fro
Published 04 Sep, 2011 12:00am
Trader's murder: government inaction slammed

Trader's murder: government inaction slammed

The business community has urged Prime Minister Yousuf Raza Gilani, Sindh Governor Dr Ishratul Ebad, Chief Minister Qaim Ali Shah, Interior Minister Rehman Malik, Home Secretary and IG Sindh to take serious not of the murder of a renowned trader and order
Published 04 Sep, 2011 12:00am
Ebad meets KBA delegation

Ebad meets KBA delegation

Sindh Governor Dr Ishratul Ebad has appreciated the role of lawyers community in upholding constitution and rule of law in the country. Talking to a delegation of Karachi Bar Association (KBA) here on Saturday, the Governor said that compensation will be
Published 04 Sep, 2011 12:00am
Veteran trade unionist Maula Bux Khaskheli passes away

Veteran trade unionist Maula Bux Khaskheli passes away

A veteran trade unionist, 'Chacha' Maula Bux Khaskheli, died in Sukkur on Friday, and was laid to rest in a graveyard in Rohri, according to a statement of All Pakistan Trade Unions Organisation (APTUO) here on Saturday. It said that the deceased was foun
Published 04 Sep, 2011 12:00am
Couple shot dead

Couple shot dead

A man and a woman were shot dead by a man at the mountain near Shah Noorani Shrine Saturday. A young man opened fired at a couple at Gokal Dev Mountain near Shah Noorani Shrine, about 125km from Hub while they were asleep. They died on the spot. While fle
Published 04 Sep, 2011 12:00am
Attack on Quetta Express

Attack on Quetta Express

Sunday's armed attack on the Peshawar-bound Quetta Express near Machh that left three people dead and at least another 20 injured is a bloody reminder of the unsettling reality that Balochistan remains in the grip of a violent insurgency. The attackers al
Published 04 Sep, 2011 12:00am
LoC violations

LoC violations

The calls for friendship and amity between Pakistan and India made so loudly on the Wagah border crossing last month have hardly suppressed the Indian urge to hurt the feelings of Pakistanis. On the night before this Eid-ul-Fitr, the Indian troops opened
Published 04 Sep, 2011 12:00am
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