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Archive - 2011-09-10
PM briefed on Trade Policy 2011-12
Top News

PM briefed on Trade Policy 2011-12

ISLAMABAD: Ministry of Commerce gave a presentation on Trade Policy 2011-12 to the Prime Minister of Pakistan here Satur
Published 10 Sep, 2011 04:56pm
Pillion riding ban lifted in Karachi
Top News

Pillion riding ban lifted in Karachi

KARACHI: Sindh Home Minister Manzoor Husain Wasan has lifted ban on pillion ridding with an immediate effect from Saturd
Published 10 Sep, 2011 04:31pm
Worst traffic jams after heavy rain
Top News

Worst traffic jams after heavy rain

KARACHI: Almost all major roads and streets in the city witnessed worst traffic jams with the start of heavy rain Saturd
Published 10 Sep, 2011 03:28pm
Weekly inflation goes up
Top News

Weekly inflation goes up

ISLAMABAD : The Sensitive Price Indicator (SPI), for the week ended on September 08, 2011, for the lowest income group u
Published 10 Sep, 2011 07:45am
Iran warplane crashes in Tabriz
Asia

Iran warplane crashes in Tabriz

TEHRAN : An Iranian warplane crashed on Saturday in the northwestern city of Tabriz without causing casualties, as the I
Published 10 Sep, 2011 06:37am
Kidnapped man recovered

Kidnapped man recovered

A man, who was kidnapped last Thursday, was found from Khada market are on Friday. According to police, the victim, Ahmad Zakariya Katchi, who was kidnapped on last Thursday from Baghdadi police remits, was recovered from Khada market. They said the kidna
Published 10 Sep, 2011 12:00am
'Mobile SIM Information System' applauded

'Mobile SIM Information System' applauded

Mobile SIM Information and Verification System (668), deployed and hosted by Pakistan Telecommunication Authority (PTA) has received regional applaud. The application was listed among the finalist during the recently held mBillionth South Asian Awards 201
Published 10 Sep, 2011 12:00am
E&P activities remain sluggish: analysts

E&P activities remain sluggish: analysts

The exploration and development (E&P) activities in the country continued to remain sluggish, as only 9 percent of the total drilling target set for the current year has been achieved in the first three months, analysts said. According to data, only 3 exp
Published 10 Sep, 2011 12:00am
Land mafias LEAs set to kick off series of surgical operations

Land mafias LEAs set to kick off series of surgical operations

Law Enforcement Agencies (LEAs) are all set to kick off series of grand surgical operations against land mafias, operating in the metropolis, Business Recorder has learnt. According to sources, LEAs are ready to act and awaiting a formal approval f
Published 10 Sep, 2011 12:00am
Reconciliation key to government's political philosophy: Firdous

Reconciliation key to government's political philosophy: Firdous

Minister for Information and Broadcasting, Dr Firdous Ashiq Awan said on Friday that reconciliation was the key to the political philosophy of the government to help it address key national issues. Talking to groups of Pakistani Community here, she said t
Published 10 Sep, 2011 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold slid on Friday, closing its worst week since June, as profit-taking by investors and a spike in the US dollar outweighed the desire for a safer haven. Gold tumbled in early US hours on apparent investor liquidation, but clawed back much of its loss b
Published 10 Sep, 2011 12:00am
US MIDDAY: copper tumbles

US MIDDAY: copper tumbles

Copper capped its worst weekly performance in more than a month with a more than 3 percent plunge on Friday, as worries about slowing growth prospects in the Western world triggered an unrelenting wave of risk reduction. In New York, the key December COME
Published 10 Sep, 2011 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat prices fell for a fourth day on Friday, dropping nearly 1 percent as the dollar soared, making US wheat less competitive on the global market. But corn and soyabean futures were higher ahead of a key government crop report on Monday that was expe
Published 10 Sep, 2011 12:00am
Gold pares losses

Gold pares losses

Gold prices pared losses in choppy trade on Friday but were still on track for their biggest weekly loss since June as some investors cashed in gains after losing confidence in the metal's ability to build on this week's record highs. Prices fell sharply
Published 10 Sep, 2011 12:00am
Gold bounces in Asia

Gold bounces in Asia

Gold bounced back in volatile trade after hitting its lowest level on Friday, but it was heading for a weekly loss as investors digested plans by US President Barack Obama to spur economic growth which could dent bullion's safe-haven appeal. Spot gold hit
Published 10 Sep, 2011 12:00am
US gold up three percent

US gold up three percent

Gold rose 3 percent on Thursday, erasing the previous day's loss, as investors awaited President Obama's speech on the US economy, after a dim outlook for the eurozone from the European Central Bank. Obama will address Congress at 7:00 pm (2300 GMT) on an
Published 10 Sep, 2011 12:00am
Coffee tumbles

Coffee tumbles

Arabica coffee futures on ICE crumbled on Friday, posting their biggest drop in more than a year as the deepening eurozone debt crisis sparked losses across the commodities markets. Cocoa futures on ICE extended their losses, falling more than 7 percent s
Published 10 Sep, 2011 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures rose on Friday as traders took up positions ahead of a slew of industry reports that could shed light on a decline in vegetable oil supplies. The US Department of Agriculture's supply-demand report on Monday will update the agen
Published 10 Sep, 2011 12:00am
US grains stay down

US grains stay down

US wheat futures fell nearly 2 percent on Thursday as India's announcement that it will allow 2 million tonnes of wheat to be exported threatened to further weaken export US grain prospects, traders said. "It is just another wrinkle thrown in there," said
Published 10 Sep, 2011 12:00am
Tokyo rubber up; Shanghai slips

Tokyo rubber up; Shanghai slips

Tokyo rubber futures were higher on Thursday, supported by firm oil prices but upside was still capped by profit-taking, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for February delivery rose 3.8 yen to settle at 369.9 yen
Published 10 Sep, 2011 12:00am
Oil falls on economic fears, dollar gains

Oil falls on economic fears, dollar gains

Oil prices fell on Friday as the euro and equities tumbled on increasing gloom over economic growth and reinforced worries about Europe's debt problems. Despite the day's losses, Brent and US crude futures posted small gains for the week. Prices rose earl
Published 10 Sep, 2011 12:00am
Copper falls over three percent

Copper falls over three percent

Copper fell more than 3 percent to its lowest in more than 2 weeks while tin and nickel also fell, by almost five percent on Friday, on unrelieved worries about economic growth and with a stronger dollar weighing on prices. The euro sank to its lowest in
Published 10 Sep, 2011 12:00am
Shanghai copper down

Shanghai copper down

Copper prices edged lower on Friday after China's inflation cooled a notch as expected, but an uncertain global economic outlook is likely to keep prices rangebound. Shanghai's most-active copper futures contract closed down 0.2 percent at 67,620 yuan ($1
Published 10 Sep, 2011 12:00am
US copper rises

US copper rises

Copper ended higher in choppy trade on Thursday as tight supplies underpinned values and a better performance on US trade buoyed third-quarter growth prospects in the world's largest economy. In New York, the key December COMEX contract rose 1.15 cents to
Published 10 Sep, 2011 12:00am
New York cotton falls from two-week peak

New York cotton falls from two-week peak

Cotton futures fell for the first time in five sessions on Friday, unravelling from the prior session's two-month high, as investors gear up for a key government crop report early next week. The key December cotton contract on ICE Futures US fell 1.76 cen
Published 10 Sep, 2011 12:00am
Fighters enter Qadhafi stronghold of Bani Walid

Fighters enter Qadhafi stronghold of Bani Walid

Fighters sent by Libya's new rulers entered one of the last towns loyal to ousted leader Muammar Qadhafi on Friday and fought street-to-street battles in what could mark the start of a final showdown against bastions of Qadhafi control. "They (anti-Qadhaf
Published 10 Sep, 2011 12:00am
Battles ignite around Sirte

Battles ignite around Sirte

Libyan fighters clashed with Muammar Qadhafi loyalists armed with rockets outside the ousted leader's hometown of Sirte on Friday, a military spokesman said. "(Qadhafi forces) shot at us with Grad missiles. There are battles near the river," spokesman Ahm
Published 10 Sep, 2011 12:00am
First British Prime Minister visit to Moscow since former spy's death

First British Prime Minister visit to Moscow since former spy's death

David Cameron will on Sunday make the first visit to Russia by a British prime minister since relations were severely strained by the assassination of former KGB agent Alexander Litvinenko in 2006. The agonising death of Litvinenko - a critic of then Russ
Published 10 Sep, 2011 12:00am
US, Turkey launch new counterterrorism effort

US, Turkey launch new counterterrorism effort

The United States and Turkey are launching a new effort to combat terrorism in countries emerging from authoritarian rule in the wake of the Arab Spring, US Secretary of State Hillary Rodham Clinton said Friday. The new effort, dubbed the Global Counterte
Published 10 Sep, 2011 12:00am
British Guantanamo inmate on hunger strike

British Guantanamo inmate on hunger strike

The last remaining British detainee at the Guantanamo Bay prison has gone on hunger strike and said in a letter obtained by the BBC on Friday that he is being treated inhumanely. Shaker Aamer has been held at the US-run prison in Cuba for almost 10 years
Published 10 Sep, 2011 12:00am
Massive blackout hits southern California

Massive blackout hits southern California

A massive blackout hit southern California late Thursday leaving millions of people without power, officials said. "All 1.4 million of our customers are currently without power," said San Diego Gas and Electric in a twitter posting around 5:30 pm (0030 Fr
Published 10 Sep, 2011 12:00am
Popular China rights activist gets nine months

Popular China rights activist gets nine months

Chinese rights activist Wang Lihong was sentenced to nine months in jail on Friday in a case that has drawn condemnation from critics who see her as a victim of the Communist Party's crackdown on Internet-spread dissent. Wang was found guilty of "stirring
Published 10 Sep, 2011 12:00am
North Korea marks anniversary with big military parade

North Korea marks anniversary with big military parade

North Korean leader Kim Jong-Il and his son and heir apparent appeared Friday at a military parade staged to mark the 63rd anniversary of the country's founding, official media reported. Kim and his youngest son Jong-Un clapped from the reviewing stand as
Published 10 Sep, 2011 12:00am
China blasts West's anti-terrorism 'double standards'

China blasts West's anti-terrorism 'double standards'

China's state media on Friday accused Western countries of "double standards" in their fight against terrorism, ahead of the 10th anniversary of the 9/11 attacks. The comment piece by the official Xinhua news agency blamed Washington in particular for tur
Published 10 Sep, 2011 12:00am
Chief executive of India's Tata Motors resigns

Chief executive of India's Tata Motors resigns

Carl-Peter Forster, the chief executive of Indian carmaker Tata Motors, has resigned with immediate effect, the group said Friday. Forster quit because of "unavoidable personal circumstances," a statement from the Mumbai-based carmaker said, but he is to
Published 10 Sep, 2011 12:00am
Afghans mourn Massoud amid high security 10 years on

Afghans mourn Massoud amid high security 10 years on

Amid heightened security Afghanistan on Friday marked a decade since the death of an iconic anti-Taliban commander two days before 9/11, with President Hamid Karzai absent from a memorial event. Ahmad Shah Massoud helped repel the 1980s Soviet invasion an
Published 10 Sep, 2011 12:00am
Gabon launches tax-free zone to attract new investors

Gabon launches tax-free zone to attract new investors

Gabon launched on Friday what it billed as the biggest special economic zone (SEZ) in West and Central Africa, aiming to attract $1.1 billion a year in foreign investments via tax breaks. Firms that set up in the 1,126-hectare zone in the town of Nkok 27
Published 10 Sep, 2011 12:00am
13 policemen killed in Darfur hostage rescue bid

13 policemen killed in Darfur hostage rescue bid

Thirteen Sudanese police officers were killed and 30 wounded in clashes with an armed gang as they tried to rescue three unidentified hostages in the war-torn Darfur region, police said on Friday. "What happened yesterday involved an armed gang, not a reb
Published 10 Sep, 2011 12:00am
Thai mudslide kills eight

Thai mudslide kills eight

Eight people were killed and two were missing after a mudslide engulfed several villages in a mountainous region of northern Thailand, officials said Friday. The landslide swept across three villages in Nam Pat district of Uttaradit province in the early
Published 10 Sep, 2011 12:00am
Indian government hits back over $10 billion plane buy

Indian government hits back over $10 billion plane buy

India's government has hit back at claims that state-run carrier Air India botched a multi-billion-dollar aircraft purchase which the national financial watchdog said could put the firm's future at risk. The Comptroller and Auditor General (CAG) on Thursd
Published 10 Sep, 2011 12:00am
Chinese army general under fire for son's violence

Chinese army general under fire for son's violence

A Chinese army general has apologised for his son's brutal beating of a couple and offered compensation, state media said Friday, in the latest scandal involving the so-called "rich second generation". The case, which has sparked widespread outrage, is re
Published 10 Sep, 2011 12:00am
Google advises Iran users to change passwords

Google advises Iran users to change passwords

Google has advised users of its online services in Iran to change their passwords following the theft of Internet security certificates from a Dutch company. "We learned last week that the compromise of a Dutch company involved with verifying the authenti
Published 10 Sep, 2011 12:00am
Cairo demonstrators damage wall protecting Israeli embassy

Cairo demonstrators damage wall protecting Israeli embassy

Demonstrators partly destroyed on Friday a wall recently built outside the Israeli embassy in Cairo to protect the building, an AFP correspondent witnessed. Around 1,000 people had gathered outside the building housing the mission and attacked the wall wi
Published 10 Sep, 2011 12:00am
Nine dead in Bolivia plane crash

Nine dead in Bolivia plane crash

Rescuers in Bolivia found no survivors in the wreckage of a small plane that went missing earlier this week and crashed with nine people aboard, the country's aviation authority said Thursday. The Aerocom airline plane was carrying seven passengers and tw
Published 10 Sep, 2011 12:00am
Syrian demonstrators call for protection

Syrian demonstrators call for protection

Syrian protesters called on Friday for international protection from a military crackdown that has sought to crush nearly six months of nationwide demonstrations against President Bashar al-Assad's rule. Activists said three people were killed across the
Published 10 Sep, 2011 12:00am
Tajikistan marks independence with growth pledge

Tajikistan marks independence with growth pledge

Tajikistan on Friday marked two decades since independence from the former Soviet Union as its leader pledged robust economic growth in Central Asia's poorest nation. "Our independence turns 20 years," said Tajik President Emomali Rakhmon at a festive cer
Published 10 Sep, 2011 12:00am
Hundreds of Iraqis protest over poor services

Hundreds of Iraqis protest over poor services

Hundreds of protesters took to the streets in Iraq's capital and other cities on Friday, demanding that the government steps up reforms and provides more electricity and jobs. Inspired by the Arab Spring, Iraqis have been demonstrating on Fridays for mont
Published 10 Sep, 2011 12:00am
Venice film festival wins on points, lacks knock-out

Venice film festival wins on points, lacks knock-out

The Venice film festival launched a series of strong movies in 2011, including several early Oscar contenders, but critics said the cinema showcase lacked a standout contender for the Golden Lion award. Madonna, George Clooney, Gwyneth Paltrow and Matt Da
Published 10 Sep, 2011 12:00am
Thousands of Bahrainis march, demand rights

Thousands of Bahrainis march, demand rights

Some 20,000 protesters marched near the Bahraini capital of Manama on Friday, shouting anti-government slogans and vowing to stick to their calls for democratic reforms in the Gulf island ruled by King Hamad bin Isa al-Khalifa. "Down, down Hamad," they ch
Published 10 Sep, 2011 12:00am
Pakistan reach final; hold 2-2 draw with India

Pakistan reach final; hold 2-2 draw with India

Pakistan cruised into the final of inaugural Asian Hockey Champions Trophy final after their last league match against arch-rival India ended in a 2-2 draw in Ordos, China. Unbeaten in the tournament, India dominated the barren first half but conceded two
Published 10 Sep, 2011 12:00am
Miandad summoned over PCB criticism

Miandad summoned over PCB criticism

Pakistan cricket authorities revealed Friday that former captain and current director-general Javed Miandad has been served a formal notice to explain why he criticised the board. In his three years at the Pakistan Cricket Board (PCB), Miandad, 54, has ha
Published 10 Sep, 2011 12:00am
Wozniacki books Serena clash, Zvonareva falls

Wozniacki books Serena clash, Zvonareva falls

Caroline Wozniacki and Serena Williams booked an all-star semi-final on Thursday at the US Open, where Samantha Stosur and German surprise Angelique Kerber will battle for a title shot at the game's heavy hitters. Wozniacki, seeking a first Grand Slam tit
Published 10 Sep, 2011 12:00am
PCB to consider foreign coach

PCB to consider foreign coach

Pakistan will consider appointing a foreign coach to replace Waqar Younis despite the nation's security situation, the cricket board head told Reuters as the search officially got under way on Friday. The board has placed an advertisement on its website a
Published 10 Sep, 2011 12:00am
Drogba-less Chelsea wary of Sunderland

Drogba-less Chelsea wary of Sunderland

Chelsea striker Didier Drogba has been ruled out of the trip to Sunderland and is facing a race against time to make the following Premier League trip to Manchester United. The 33-year-old suffered concussion when he was knocked unconscious during the vic
Published 10 Sep, 2011 12:00am
Marsh, Hussey put Australia on top

Marsh, Hussey put Australia on top

Shaun Marsh was 13 runs away from a century on his debut and Mike Hussey hit an unbeaten 76 as Australia piled on Sri Lanka's misery in the second Test in Pallekele on Friday. The West Australian pair put on 148 for the unbroken fourth wicket as the touri
Published 10 Sep, 2011 12:00am
Man City chief executive quits over 'cancer' email

Man City chief executive quits over 'cancer' email

Manchester City chief executive Garry Cook resigned on Friday amid a storm over an email in which he appeared to mock the cancer-stricken mother of a player, a statement said. Cook stepped down from his post with the Premier League club following an inter
Published 10 Sep, 2011 12:00am
AFC U-16 Football qualifiers from September 12

AFC U-16 Football qualifiers from September 12

The Asian Football Confederation (AFC)'s Under-16 Football Championship 2012 qualifiers is being held from September 12 to 22 in Kuwait. Pakistan Under-16 Football Team is leaving for Kuwait on Saturday (today) to take part in Asian Football Confederation
Published 10 Sep, 2011 12:00am
Blake powers to Zurich 100m win

Blake powers to Zurich 100m win

Newly-crowned Jamaican world 100m champion Yohan Blake raced to victory on Thursday in timing a personal best 9.82sec at the Diamond League meeting in Zurich, ousting compatriot Asafa Powell by 0.13sec and American world silver medallist Walter Dix (10.04
Published 10 Sep, 2011 12:00am
Djokovic, Federer in semis

Djokovic, Federer in semis

World number one Novak Djokovic and five-time champion Roger Federer set up a US Open semi-final blockbuster on Thursday as the rain-ravaged event opted for a fourth successive Monday men's final. Top seed Djokovic, the runner-up in 2007 and 2010, booked
Published 10 Sep, 2011 12:00am
Stress levels high on eurozone

Stress levels high on eurozone

A key measure of financial stress hit its widest level in more than two years on Friday as challenges for the eurozone mounted and with investors expecting little from a Group of Seven financial summit. Euribor futures extended gains on Friday after the E
Published 10 Sep, 2011 12:00am
Taiwan dollar tumbles

Taiwan dollar tumbles

The Taiwan dollar hit a five-month low and the Indian rupee dipped to a one-year trough on Friday, with Asian currencies on track for their worst week in months as concerns over the eurozone's debt crisis dampened risk appetite. Concerns that Asia may inc
Published 10 Sep, 2011 12:00am
Indian rupee slides

Indian rupee slides

The Indian rupee fell for the fifth straight session on Friday, after touching a new one-year low earlier , as the euro weakened against the dollar, and persistent demand for the greenback from oil refiners and negative local shares also weighed. The part
Published 10 Sep, 2011 12:00am
Australian and New Zealand dollars rally

Australian and New Zealand dollars rally

The Australian and New Zealand dollars rallied to one-month highs against a depressed euro on Friday and edged up on the dollar after markets reacted coolly to President Barack Obama's ambitious $447 billion job package. The single currency, last at A$1.3
Published 10 Sep, 2011 12:00am
Swiss franc up versus dollar

Swiss franc up versus dollar

The Swiss franc rose against the dollar and the euro on Friday after a jobs package announced by US President Barack Obama failed to ease recession worries, though gains were contained as investors balked at taking on the Swiss National Bank. The franc ro
Published 10 Sep, 2011 12:00am
Dollar broadly up in New York

Dollar broadly up in New York

The euro fell to a two-month low against the dollar on Thursday after the European Central Bank signalled a pause in its interest-rate tightening cycle that began just five months ago. The euro area economy is subject to "intensified downside risks," ECB
Published 10 Sep, 2011 12:00am
Early trade in New York: Euro hits 6-1/2-month low

Early trade in New York: Euro hits 6-1/2-month low

The euro fell to a 6-1/2-month low against the dollar on Friday as investor risk aversion increased after news an ECB executive board member will resign due to conflict over the central bank's controversial bond-buying. The euro had already fallen to six-
Published 10 Sep, 2011 12:00am
Euro tumbles versus dollar, yen

Euro tumbles versus dollar, yen

The euro fell to six-month lows versus the dollar and the yen on Friday, with more falls likely after the European Central Bank dropped its tightening bias and forecast lower growth in the debt-plagued eurozone. The euro's fall helped drive the dollar ind
Published 10 Sep, 2011 12:00am
Euro off two-month low in Asia

Euro off two-month low in Asia

The euro was off a two-month low against the dollar on Friday but the risk of a break below its July trough is seen rising after a deepening debt crisis forced the European Central Bank to drop its tightening policy bias, a key driver in the euro's rally
Published 10 Sep, 2011 12:00am
Sterling jumps

Sterling jumps

Sterling raced to a three and a half month high against the euro on Friday, as the single currency extended losses after the European Central Bank dumped its policy of rising interest rates and on reports a key ECB policymaker was quitting.
Published 10 Sep, 2011 12:00am
Yuan ends down

Yuan ends down

The yuan closed down against the dollar on Friday after a weaker mid-point fixing, with the Chinese currency posting its biggest weekly decline since mid-March as the dollar hit a two-month high due to uncertainties in global markets. Spot yuan closed at
Published 10 Sep, 2011 12:00am
FTSE down by banks

FTSE down by banks

ritain's FTSE 100 was lower at midday on Friday, and on course to snap three sessions of gains, with banks the worst hit ahead of a report into sector restructuring that could herald a dent to profits. After trading in a broad 5.5 percent range, the index
Published 10 Sep, 2011 12:00am
Indian shares snap rally

Indian shares snap rally

Indian shares fell 1.7 percent on Friday, snapping a three-day winning streak, as profit booking emerged and a lack of clarity on new stimulus measures re-ignited concerns over the health of the US economy and drove investors away from equities. Disappoin
Published 10 Sep, 2011 12:00am
Seoul shares fall 1.8 percent

Seoul shares fall 1.8 percent

Seoul shares gave up earlier advances and ended down nearly 2 percent on Friday after two sessions of gains and ahead of the Chuseok, or Korean Thanksgiving, holiday. The Korea Composite Stock Price Index (KOSPI) ended down 1.83 percent at 1,812.93 points
Published 10 Sep, 2011 12:00am
European shares plunge

European shares plunge

European shares ended sharply lower on Friday on concerns US President Barack Obama's $447 billion jobs package might face hurdles in Congress and as the resignation of a top European Central Bank official signalled a rift within the central bank.
Published 10 Sep, 2011 12:00am
Hong Kong, China shares down

Hong Kong, China shares down

Hong Kong and Shanghai shares closed lower on Friday as investors remained unconvinced that a possible peak in consumer price rises would mean relaxation in Beijing's monetary tightening. Both indexes posted a weekly loss on poor volumes, pointing to low
Published 10 Sep, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasury debt prices rallied on Thursday as a combination of vague encouragements from Federal Reserve Chairman Ben Bernanke and a dismal data point on the job market raised hopes for another Fed bond buying program. Bernanke told an audience at the Ec
Published 10 Sep, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasury debt prices rallied on Thursday as a combination of vague encouragements from Federal Reserve Chairman Ben Bernanke and a dismal data point on the job market raised hopes for another Fed bond buying program. Bernanke told an audience at the Ec
Published 10 Sep, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan shares closed 0.82 percent higher on Friday, helped by electronics issues after some companies reported better than expected August sales, though weaker sales from chipmaker UMC kept a lid on chip share gains. The main TAIEX index closed up 62.20 p
Published 10 Sep, 2011 12:00am
US stocks plummet

US stocks plummet

US stocks closed sharply lower on Thursday after Federal Reserve Chairman Ben Bernanke gave no indications of new stimulus measures to boost the flagging economy in a keenly awaited speech. Investors have been looking to Bernanke, who gave his outlook on
Published 10 Sep, 2011 12:00am
Friday's afternoon trade: Wall Street tumbles

Friday's afternoon trade: Wall Street tumbles

US stocks tumbled on Friday after the top German official at the European Central Bank resigned in protest of the bank's bond-buying program, which has been a major tool in fighting the region's debt crisis. The Dow Jones industrial average was down 280.9
Published 10 Sep, 2011 12:00am
Nikkei slips, posts weekly loss of 2.4 percent

Nikkei slips, posts weekly loss of 2.4 percent

The Nikkei average slipped on Friday, posting a weekly loss of 2.4 percent and moving back towards a six-month low hit earlier in the week, after President Barack Obama's US jobs package failed to provide new buying incentives. The Nikkei found support fr
Published 10 Sep, 2011 12:00am
Southeast Asian stocks retreat

Southeast Asian stocks retreat

Most Southeast Asian stock markets slid lower on Friday, led by losses in big caps and financials, as investors remained wary about global uncertainty and US President Barack Obama's speech on a jobs package failed to revive sentiment. Late selling kicked
Published 10 Sep, 2011 12:00am
Obama confronts jobs 'crisis' with $447 billion plan

Obama confronts jobs 'crisis' with $447 billion plan

US President Barack Obama challenged Congress on Thursday to enact a $447 billion package of tax cuts and new spending to revive a stalled job market but he faces an uphill fight to win over Republicans and restore public faith in his economic stewardship
Published 10 Sep, 2011 12:00am
US mortgage giants near deal with regulators

US mortgage giants near deal with regulators

US mortgage giants Fannie Mae and Freddie Mac are close to reaching a settlement with regulators over disclosing their role in the 2008 financial crisis, the New York Times reported Friday. The accord with the Securities and Exchange Commission (SEC) will
Published 10 Sep, 2011 12:00am
US mortgage giants near deal with regulators

US mortgage giants near deal with regulators

US mortgage giants Fannie Mae and Freddie Mac are close to reaching a settlement with regulators over disclosing their role in the 2008 financial crisis, the New York Times reported Friday. The accord with the Securities and Exchange Commission (SEC) will
Published 10 Sep, 2011 12:00am
China inflation, growth cool, heralding rate pause

China inflation, growth cool, heralding rate pause

China's inflation pulled back in August from a three-year high while economic activity slowed, underlining expectations that the central bank can hold off on further tightening of monetary policy in the face of a global economic slowdown. Still, the centr
Published 10 Sep, 2011 12:00am
US Securities takes China-based Deloitte unit to court

US Securities takes China-based Deloitte unit to court

The Securities and Exchange Commission (SEC) has asked a US federal court to force a Chinese unit of accounting giant Deloitte & Touche to produce records related to possible accounting fraud at Longtop Financial Technologies Ltd. The effort by the US reg
Published 10 Sep, 2011 12:00am
Brussels seeks EU shale gas rules: Oettinger

Brussels seeks EU shale gas rules: Oettinger

Brussels intends to draft European Union-wide rules on tapping shale-gas reserves, Energy Commissioner Guenther Oettinger said on Friday, in the face of environmental concerns. "I think we'll get a high level of acceptance when we have the same, European
Published 10 Sep, 2011 12:00am
McDonald's sales fall

McDonald's sales fall

McDonald's Corp reported a lower-than-expected rise in world-wide August sales at established restaurants on a steep drop in Japan and a lull in new product launches in the United States. The world's largest hamburger chain, whose shares fell 4.4 percent
Published 10 Sep, 2011 12:00am
Rabobank accused of Libor manipulation

Rabobank accused of Libor manipulation

Dutch co-operatively-owned Rabobank has been accused by some US investors along with 15 other banks, of manipulating Libor interest rates in the past, bank spokesman Hendrik Jan Eijpe said on Friday. Rabobank has received the summons documents for three c
Published 10 Sep, 2011 12:00am
Apple wins ruling on Samsung tablets

Apple wins ruling on Samsung tablets

Apple Inc scored a symbolic legal victory in efforts to keep its lead spot in the tablet computer market when a German court upheld a ban barring Samsung's local unit from selling its Galaxy 10.1 tablets in Europe's biggest economy. Samsung, which said it
Published 10 Sep, 2011 12:00am
Euro's survival in US interest: Geithner

Euro's survival in US interest: Geithner

The survival of the euro as the pan-European currency is "absolutely" in the US interest, but Europe needs to demonstrate the political will to protect it, US Treasury Secretary Timothy Geithner said Friday. "Absolutely," Geithner said when asked on Bloom
Published 10 Sep, 2011 12:00am
Bank of America cuts could hit 40,000 jobs

Bank of America cuts could hit 40,000 jobs

US financial giant Bank of America is considering cutting up to 40,000 jobs as part of a hotly anticipated round of belt-tightening, the Wall Street Journal reported Friday. The Journal cited unnamed sources as saying the company had discussed cuts of 30,
Published 10 Sep, 2011 12:00am
Earthquakes, storms, floods slam insurers

Earthquakes, storms, floods slam insurers

Earthquakes in Japan and New Zealand, storms in the United States and floods in Brazil have caused widespread death and disrupted the lives of millions, but they are also set to turn 2011 into the second worst on record for insurers, reinsurer SwissRe sai
Published 10 Sep, 2011 12:00am
Indian auto sales dragged down by cars

Indian auto sales dragged down by cars

Cars sales in India fell 10 percent in August, pulling down total passenger vehicle sales for the second month in a row, as high interest rates and rising costs hit demand in Asia's third-largest economy. Demand for cars, which had shrunk in July for the
Published 10 Sep, 2011 12:00am
Canada data dashes hopes of quick economic rebound

Canada data dashes hopes of quick economic rebound

Canada's weak jobs and housing starts data for August doused any hopes for robust growth after a bleak second quarter, underscoring its vulnerability to a struggling US economy and the widening European debt crisis. Canada's job market had outperformed th
Published 10 Sep, 2011 12:00am
Malaysia holds rates, no change seen in 2011

Malaysia holds rates, no change seen in 2011

Malaysia's central bank kept its key interest rate unchanged at 3.00 percent on Thursday, pausing to assess the extent of the global slowdown, and analysts predicted that it would stand pat for the rest of 2011. Central banks across Asia have raised inter
Published 10 Sep, 2011 12:00am
Saab to appeal court ruling rejecting bankruptcy protection

Saab to appeal court ruling rejecting bankruptcy protection

Saab will submit on Monday an appeal against a Swedish court's rejection of its request for protection against bankruptcy, the parent company Swedish Automobile announced. "Swedish Automobile announces that Saab ... aims to submit their appeal on the dist
Published 10 Sep, 2011 12:00am
EU cleared 415,000 tonnes of wheat exports

EU cleared 415,000 tonnes of wheat exports

The European Union this week granted export licences for 415,000 tonnes of soft wheat, the biggest award since the start of the 2011/2012 season on July 1, official data showed on Thursday. European exports in the new season have been curbed by the return
Published 10 Sep, 2011 12:00am
No change on grain market

No change on grain market

Not a single change was witnessed on the wholesale grain and seed market on Friday as participants were busy in preparations for Juma prayers.
Published 10 Sep, 2011 12:00am
Cotton trade slows down as sellers increase asking prices

Cotton trade slows down as sellers increase asking prices

Trading activity slackens as mills kept to sidelines after sellers increased the prices, dealers said on Friday on the cotton market. The Karachi Cotton Association (KCA) official spot rate was raised by another Rs 200 to Rs 7000, they said.
Published 10 Sep, 2011 12:00am
Karachi Port's and Port Qasim's activities

Karachi Port's and Port Qasim's activities

The Karachi Port handled 93,830 tonnes of cargo including 80,475 tonnes of import cargo, 13,355 tonnes of export cargo and 2,766 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 80,475 tonnes comprise
Published 10 Sep, 2011 12:00am
India allows exports of 2 million tonnes each of rice, wheat

India allows exports of 2 million tonnes each of rice, wheat

India will allow unrestricted exports of two million tonnes each of wheat and common rice, as bulging stocks offer political room for overseas sales which could depress global rice prices but make little dent in wheat supplies. "We will stop exports once
Published 10 Sep, 2011 12:00am
Duties slash Ukraine's grain exports: traders union

Duties slash Ukraine's grain exports: traders union

Ukraine's grain exports could have been at 6.0 million tonnes in the first two months of the 2011/12 season but export duties had reduced shipments to about 2.0 million tonnes, the head of Ukraine's grain traders' union UZA said on Friday. "Ukraine's grai
Published 10 Sep, 2011 12:00am
Ukrainian milling wheat rises on export demands

Ukrainian milling wheat rises on export demands

Ukrainian domestic milling wheat prices have risen slightly over the past week due to an increase in demands by exporters, analyst UkrAgroConsult said on Friday. "Exporters purchase wheat actively, exports are gradually growing," UkrAgroConsult said in a
Published 10 Sep, 2011 12:00am
US Midwest corn bids mixed, soya weak

US Midwest corn bids mixed, soya weak

Corn spot basis bids were mixed around the US Midwest on Thursday as tight old-crop supplies supported bids at some locations even as the harvest loomed, grain merchants said. Soyabean bids eased at river terminals, pressured by light export demand, but h
Published 10 Sep, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures eased in choppy early trading on Thursday, following a weaker bias in US grains and soya, traders said. Canola market seen sound fundamentally, despite Statistics Canada's report on Wednesday of larger than expected Canadian ca
Published 10 Sep, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids held steady Thursday in a mostly quiet market. Seeding of the new winter wheat crop was making progress in states like Nebraska, where about 10 percent of the crop was planted, according to the USDA. Planting remained a to
Published 10 Sep, 2011 12:00am
Russia harvests 71 million tonnes of grain so far: agriculture ministry

Russia harvests 71 million tonnes of grain so far: agriculture ministry

Russia harvested 71 million tonnes of grain by bunker weight by September 8, up from 47 million tonnes a year ago and 67.6 million tonnes by the same date in 2009, Agriculture Ministry data showed on Friday. Grain has been harvested from 29 million hectar
Published 10 Sep, 2011 12:00am
Changed times demand a redefined national security: CJP

Changed times demand a redefined national security: CJP

Chief Justice of Pakistan Iftikhar Muhammad Chaudhary has said that no amount of defence could keep a nation united without surety to the rights and political, social and economic wellbeing of the people. The Chief Justice said this while addressing lawye
Published 10 Sep, 2011 12:00am
Message from Chief Election Commissioner

Message from Chief Election Commissioner

It is a privilege and pleasure for the ECP to host this important Conference of the heads of Election Management Bodies (EMBs) of this region which is a continuation of similar Conference held last year in Dhaka. Of course, it provides an opportunity to t
Published 10 Sep, 2011 12:00am
Changed times demand a redefined national security: CJP

Changed times demand a redefined national security: CJP

Chief Justice of Pakistan Iftikhar Muhammad Chaudhary has said that no amount of defence could keep a nation united without surety to the rights and political, social and economic wellbeing of the people. The Chief Justice said this while addressing lawye
Published 10 Sep, 2011 12:00am
Message from Secretary Election Commission of Pakistan

Message from Secretary Election Commission of Pakistan

I convey this with immense pleasure and pride that Election Commission of Pakistan is hosting the prestigious event of "Conference of the Election Management bodies of SAARC Member States" which is an honour, indeed. The conference will help to understand
Published 10 Sep, 2011 12:00am
Perfection needs cooperation

Perfection needs cooperation

The South Asian Association for Regional Co-operation (SAARC) comprising, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka was established on 8th December 1985 at a meeting of the Heads of State or Government of the above countries i
Published 10 Sep, 2011 12:00am
US demands action from Europe's strongest at G7

US demands action from Europe's strongest at G7

The United States pressed Europe's strongest economies on Friday to give "unequivocal" financial support to weaker eurozone states to overcome a debt crisis that threatens the world economy. "It is completely within the capacity of the stronger members of
Published 10 Sep, 2011 12:00am
The saga of violence in Pakistan: A psychological perspective

The saga of violence in Pakistan: A psychological perspective

Pakistan TV channels keep showing footages of people shooting the targets without fear of any kind. It is quite understood that these culprits do every violent act under patronage and by design. Human beings are being treated mercilessly by killers who do
Published 10 Sep, 2011 12:00am
US demands action from Europe's strongest at G7

US demands action from Europe's strongest at G7

The United States pressed Europe's strongest economies on Friday to give "unequivocal" financial support to weaker eurozone states to overcome a debt crisis that threatens the world economy. "It is completely within the capacity of the stronger members of
Published 10 Sep, 2011 12:00am
KARACHI CHRONICLE: Toy guns and terrorism

KARACHI CHRONICLE: Toy guns and terrorism

Interior Minister Rehman Malik would like to ban the sale and purchase of toy guns. It was a very small and almost casual part of the observations he made last week during his visit to this beleaguered city. He is an advocate of deweaponisation of Karachi
Published 10 Sep, 2011 12:00am
US demands action from Europe''s strongest at G7

US demands action from Europe''s strongest at G7

The United States pressed Europe''s strongest economies on Friday to give "unequivocal" financial support to weaker eurozone states to overcome a debt crisis that threatens the world economy. "It is completely within the capacity of the stronger members o
Published 10 Sep, 2011 12:00am
ART FACTS: For harmony, peace and affection

ART FACTS: For harmony, peace and affection

Recognised world-wide for his exceptional command over traditional techniques of miniature painting Professor Bashir Ahmad's work is basically comprises of abstract colour compositions in all of his artistic efforts whether paintings, ceramics or sculptur
Published 10 Sep, 2011 12:00am
Documentation drive: mapping of all commercial markets directed

Documentation drive: mapping of all commercial markets directed

In a major step for documentation of economy at national level, the Federal Board of Revenue on Friday directed mapping of newly-constructed and under-construction commercial buildings, big shop/outlets in all shopping malls, departmental stores and busin
Published 10 Sep, 2011 12:00am
BRIDGE NOTES: No guessing any more

BRIDGE NOTES: No guessing any more

In bridge, table presence is mandatory. For bridge is a thinking game wherein you need to work logically in the placement of key cards. This can only come about if you keep focused on the game all the game and try to pick up the most subtle of inferences
Published 10 Sep, 2011 12:00am
Documentation drive: mapping of all commercial markets directed

Documentation drive: mapping of all commercial markets directed

In a major step for documentation of economy at national level, the Federal Board of Revenue on Friday directed mapping of newly-constructed and under-construction commercial buildings, big shop/outlets in all shopping malls, departmental stores and busin
Published 10 Sep, 2011 12:00am
Documentation drive: mapping of all commercial markets directed

Documentation drive: mapping of all commercial markets directed

In a major step for documentation of economy at national level, the Federal Board of Revenue on Friday directed mapping of newly-constructed and under-construction commercial buildings, big shop/outlets in all shopping malls, departmental stores and busin
Published 10 Sep, 2011 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 10 Sep, 2011 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 10 Sep, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 10 Sep, 2011 12:00am
Major shake-up in FBR: 30 top officials of IRS redesignated

Major shake-up in FBR: 30 top officials of IRS redesignated

In a major reshuffle at the Federal Board of Revenue, the government has transferred and posted 30 top officials of Inland Revenue Service (IRS) and appointed Shahid Hussain Asad (Inland Revenue Service/BS-21) Director General, Directorate General of Inte
Published 10 Sep, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 10 Sep, 2011 12:00am
Major shake-up in FBR: 30 top officials of IRS redesignated

Major shake-up in FBR: 30 top officials of IRS redesignated

In a major reshuffle at the Federal Board of Revenue, the government has transferred and posted 30 top officials of Inland Revenue Service (IRS) and appointed Shahid Hussain Asad (Inland Revenue Service/BS-21) Director General, Directorate General of Inte
Published 10 Sep, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
Major shake-up in FBR: 30 top officials of IRS redesignated

Major shake-up in FBR: 30 top officials of IRS redesignated

In a major reshuffle at the Federal Board of Revenue, the government has transferred and posted 30 top officials of Inland Revenue Service (IRS) and appointed Shahid Hussain Asad (Inland Revenue Service/BS-21) Director General, Directorate General of Inte
Published 10 Sep, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
Prime Minister to clear 'Trade Policy 2011' today

Prime Minister to clear 'Trade Policy 2011' today

Prime Minister Yousaf Raza Gilani is to clear 'Trade Policy 2011' on Saturday, before presenting it to the Cabinet for formal approval, official sources told Business Recorder. Commerce Ministry's concerned officials on Friday gave final touches to
Published 10 Sep, 2011 12:00am
Prime Minister to clear 'Trade Policy 2011' today

Prime Minister to clear 'Trade Policy 2011' today

Prime Minister Yousaf Raza Gilani is to clear 'Trade Policy 2011' on Saturday, before presenting it to the Cabinet for formal approval, official sources told Business Recorder. Commerce Ministry's concerned officials on Friday gave final touches to
Published 10 Sep, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
Prime Minister to clear ''Trade Policy 2011'' today

Prime Minister to clear ''Trade Policy 2011'' today

Prime Minister Yousaf Raza Gilani is to clear ''Trade Policy 2011'' on Saturday, before presenting it to the Cabinet for formal approval, official sources told Business Recorder. Commerce Ministry''s concerned officials on Friday gave final touches
Published 10 Sep, 2011 12:00am
Index sheds 62.21 points

Index sheds 62.21 points

The KSE-100 index on Friday lost 62.21 points and closed at 11,286.21 points due to profit taking, mainly by local investors in the second half with low volumes. After opening in negative, the market witnessed mixed trend with the index oscillating betwee
Published 10 Sep, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 09, 2011).
Published 10 Sep, 2011 12:00am
Index sheds 62.21 points

Index sheds 62.21 points

The KSE-100 index on Friday lost 62.21 points and closed at 11,286.21 points due to profit taking, mainly by local investors in the second half with low volumes. After opening in negative, the market witnessed mixed trend with the index oscillating betwee
Published 10 Sep, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
Index sheds 62.21 points

Index sheds 62.21 points

The KSE-100 index on Friday lost 62.21 points and closed at 11,286.21 points due to profit taking, mainly by local investors in the second half with low volumes. After opening in negative, the market witnessed mixed trend with the index oscillating betwee
Published 10 Sep, 2011 12:00am
BRIndex30 down 40.05 points

BRIndex30 down 40.05 points

On Friday, the BRIndex30 opened at 8,491.83 points. It touched the intra-day high of 8,567.44 points and low of 8,436.58 points, and closed at 8,451.78 points with a net negative change of -40.05 points, or -0.47 percent lower than previous close.
Published 10 Sep, 2011 12:00am
BRIndex30 down 40.05 points

BRIndex30 down 40.05 points

On Friday, the BRIndex30 opened at 8,491.83 points. It touched the intra-day high of 8,567.44 points and low of 8,436.58 points, and closed at 8,451.78 points with a net negative change of -40.05 points, or -0.47 percent lower than previous close.
Published 10 Sep, 2011 12:00am
Interpol issues arrest notice for Qadhafi, son Seif

Interpol issues arrest notice for Qadhafi, son Seif

World police body Interpol called Friday for the arrest of fugitive former Libyan leader Moamer Qadhafi for his alleged crimes against humanity, following a request by the International Criminal Court. Interpol said it had issued a "red notice" for the ar
Published 10 Sep, 2011 12:00am
Interpol issues arrest notice for Qadhafi, son Seif

Interpol issues arrest notice for Qadhafi, son Seif

World police body Interpol called Friday for the arrest of fugitive former Libyan leader Moamer Qadhafi for his alleged crimes against humanity, following a request by the International Criminal Court. Interpol said it had issued a "red notice" for the ar
Published 10 Sep, 2011 12:00am
India again shows interest in IP gas line project

India again shows interest in IP gas line project

The Indian government has once again shown interest in the Iran-Pakistan (IP) gas pipeline project, while in 2009 it was reluctant to be part of the project due to American pressure, officials told Business Recorder on Friday. Sources in the Minist
Published 10 Sep, 2011 12:00am
India again shows interest in IP gas line project

India again shows interest in IP gas line project

The Indian government has once again shown interest in the Iran-Pakistan (IP) gas pipeline project, while in 2009 it was reluctant to be part of the project due to American pressure, officials told Business Recorder on Friday. Sources in the Minist
Published 10 Sep, 2011 12:00am
India again shows interest in IP gas line project

India again shows interest in IP gas line project

The Indian government has once again shown interest in the Iran-Pakistan (IP) gas pipeline project, while in 2009 it was reluctant to be part of the project due to American pressure, officials told Business Recorder on Friday. Sources in the Minist
Published 10 Sep, 2011 12:00am
United Energy plans $750 million-$1 billion acquisition

United Energy plans $750 million-$1 billion acquisition

Hong Kong-listed United Energy Group Ltd is looking to acquire assets valued at about $750 million to $1 billion from established oil companies, as it seeks to expand its global footprint after securing BP Plc's portfolio of Pakistan oil and gas assets.
Published 10 Sep, 2011 12:00am
United Energy plans $750 million-$1 billion acquisition

United Energy plans $750 million-$1 billion acquisition

Hong Kong-listed United Energy Group Ltd is looking to acquire assets valued at about $750 million to $1 billion from established oil companies, as it seeks to expand its global footprint after securing BP Plc's portfolio of Pakistan oil and gas assets.
Published 10 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
United Energy plans $750 million-$1 billion acquisition

United Energy plans $750 million-$1 billion acquisition

Hong Kong-listed United Energy Group Ltd is looking to acquire assets valued at about $750 million to $1 billion from established oil companies, as it seeks to expand its global footprint after securing BP Plc''s portfolio of Pakistan oil and gas assets.
Published 10 Sep, 2011 12:00am
Altaf urges army to 'save Pakistan from disintegration'

Altaf urges army to 'save Pakistan from disintegration'

Muttahida Qaumi Movement (MQM) chief on Friday urged the armed forces of Pakistan to `save Pakistan from disintegration'. Accusing the Awami National Party (ANP) of working towards breaking up the country, he said should army decide to thwart the conspira
Published 10 Sep, 2011 12:00am
Altaf urges army to 'save Pakistan from disintegration'

Altaf urges army to 'save Pakistan from disintegration'

Muttahida Qaumi Movement (MQM) chief on Friday urged the armed forces of Pakistan to `save Pakistan from disintegration'. Accusing the Awami National Party (ANP) of working towards breaking up the country, he said should army decide to thwart the conspira
Published 10 Sep, 2011 12:00am
Cabinet body discusses Etisalat agreement

Cabinet body discusses Etisalat agreement

The Cabinet Committee constituted by the Prime Minister for examining the matters regarding share purchase agreement with Etisalat and auction of 3G spectrum met here on Friday with the Finance Minister Dr Abdul Hafeez Shaikh in the chair. The meeting dis
Published 10 Sep, 2011 12:00am
Cabinet body discusses Etisalat agreement

Cabinet body discusses Etisalat agreement

The Cabinet Committee constituted by the Prime Minister for examining the matters regarding share purchase agreement with Etisalat and auction of 3G spectrum met here on Friday with the Finance Minister Dr Abdul Hafeez Shaikh in the chair. The meeting dis
Published 10 Sep, 2011 12:00am
Cabinet body discusses Etisalat agreement

Cabinet body discusses Etisalat agreement

The Cabinet Committee constituted by the Prime Minister for examining the matters regarding share purchase agreement with Etisalat and auction of 3G spectrum met here on Friday with the Finance Minister Dr Abdul Hafeez Shaikh in the chair. The meeting dis
Published 10 Sep, 2011 12:00am
P&D Division briefs Prime Minister about ongoing priority projects

P&D Division briefs Prime Minister about ongoing priority projects

In pursuance of the development policy of the Government, the Planning and Development Division has identified the ongoing priority projects during the current PSDP, encompassing communication, vertical projects of health, education and civic amenities in
Published 10 Sep, 2011 12:00am
P&D Division briefs Prime Minister about ongoing priority projects

P&D Division briefs Prime Minister about ongoing priority projects

In pursuance of the development policy of the Government, the Planning and Development Division has identified the ongoing priority projects during the current PSDP, encompassing communication, vertical projects of health, education and civic amenities in
Published 10 Sep, 2011 12:00am
P&D Division briefs Prime Minister about ongoing priority projects

P&D Division briefs Prime Minister about ongoing priority projects

In pursuance of the development policy of the Government, the Planning and Development Division has identified the ongoing priority projects during the current PSDP, encompassing communication, vertical projects of health, education and civic amenities in
Published 10 Sep, 2011 12:00am
US on alert after 'credible' 9/11 bomb threat

US on alert after 'credible' 9/11 bomb threat

Heavily armed police were on alert in and around New York City Friday after US officials warned of a "credible" but unconfirmed bomb threat around the 10th anniversary of the 9/11 attacks. US media reported that the suspected plot was hatched overseas by
Published 10 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
US on alert after 'credible' 9/11 bomb threat

US on alert after 'credible' 9/11 bomb threat

Heavily armed police were on alert in and around New York City Friday after US officials warned of a "credible" but unconfirmed bomb threat around the 10th anniversary of the 9/11 attacks. US media reported that the suspected plot was hatched overseas by
Published 10 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
Examining role of judiciary: ICJ constitutes high-level mission

Examining role of judiciary: ICJ constitutes high-level mission

The International Commission of Jurists (ICJ), South Asia Programme has constituted a high-level mission to examine the role of the judiciary and the separation of powers in Pakistan. The mission comprises Judge Stefan Trechsel (Chair) from Switzerland an
Published 10 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 09, 2011).

Published 10 Sep, 2011 12:00am
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