BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.74 Increased By ▲ 0.05 (0.65%)
BECO 5.29 Decreased By ▼ -0.02 (-0.38%)
BML 60.01 Decreased By ▼ -1.22 (-1.99%)
BOP 36.46 Increased By ▲ 0.46 (1.28%)
CNERGY 11.94 Increased By ▲ 0.69 (6.13%)
CSIL 6.17 No Change ▼ 0.00 (0%)
FCCL 57.36 Increased By ▲ 0.48 (0.84%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Decreased By ▼ -0.10 (-1.35%)
KOSM 6.05 No Change ▼ 0.00 (0%)
LOTCHEM 27.14 Decreased By ▼ -0.06 (-0.22%)
MLCF 102.07 Decreased By ▼ -1.02 (-0.99%)
NBP 206.35 Decreased By ▼ -1.28 (-0.62%)
NCPL 62.62 Increased By ▲ 0.70 (1.13%)
NPL 71.98 Decreased By ▼ -0.20 (-0.28%)
OGDC 319.19 Increased By ▲ 0.70 (0.22%)
PACE 11.38 Increased By ▲ 0.32 (2.89%)
PAEL 43.88 Decreased By ▼ -0.50 (-1.13%)
PIBTL 16.84 Decreased By ▼ -0.06 (-0.36%)
PPL 221.55 Decreased By ▼ -0.93 (-0.42%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.41 Decreased By ▼ -0.75 (-1.03%)
SSGC 27.28 Increased By ▲ 0.03 (0.11%)
TBL 9.86 Decreased By ▼ -0.02 (-0.2%)
TELE 8.62 Decreased By ▼ -0.19 (-2.16%)
TPL 20.68 Increased By ▲ 0.34 (1.67%)
TPLP 14.98 Increased By ▲ 0.01 (0.07%)
TREET 24.10 No Change ▼ 0.00 (0%)
TRG 63.29 Increased By ▲ 0.92 (1.48%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-09-11
Chile remembers Pinochet victims
World

Chile remembers Pinochet victims

SANTIAGO : Chile commemorated Sunday the 38th anniversary of the coup that launched the 17-year dictatorship of August
Published 11 Sep, 2011 10:11pm
German sees exports up 11pc in 2011
Top News

German sees exports up 11pc in 2011

BERLIN : German industry group BDI still believes exports in Europe 's biggest economy will rise 11 percent this yea
Published 11 Sep, 2011 12:41pm
Premier Gilani leaves for Tehran
Top News

Premier Gilani leaves for Tehran

ISLAMABAD : Prime Minister Syed Yusuf Raza Gilani left for Tehran here on Sunday on an official visit to Iran to hol
Published 11 Sep, 2011 08:40am
Quaid's 63th death anniversary observed
Top News

Quaid's 63th death anniversary observed

ISLAMABAD : The 63th death anniversary of Quaid-i-Azam Mohammad Ali Jinnah was observed on Sunday with a renewed pledge
Published 11 Sep, 2011 05:50am
Iraqi Kurd oil exports see sharp decline

Iraqi Kurd oil exports see sharp decline

Crude exports from Iraq's northern Kurdish region have dropped to 50,000-60,000 barrels per day from 160,000 bpd since late last month, several Iraqi government sources said on Saturday. The reason for the decline was unknown, they said.
Published 11 Sep, 2011 12:00am
Deutsche Bank to expand wealth management business

Deutsche Bank to expand wealth management business

Germany's biggest lender Deutsche Bank wants to expand its private banking business in its home market and may hire additional staff, according to a report in German weekly WirtschaftsWoche. "Next to Asia, Germany is our most important market with double-
Published 11 Sep, 2011 12:00am
Merkel urges Germans to be patient with Greece

Merkel urges Germans to be patient with Greece

German Chancellor Angela Merkel called on her compatriots to be patient with Greece in its current struggle to overcome a severe debt crisis. "What hasn't been done in years cannot be done overnight," Merkel told the Sunday edition of Berlin's Tagesspiege
Published 11 Sep, 2011 12:00am
Italians dump mussel shells to protest austerity

Italians dump mussel shells to protest austerity

Demonstrators dumped mussel shells in front of Italy's parliament on Saturday, accusing politicians of squeezing workers with an austerity package while clinging to their privileges like mussels cling to rocks.
Published 11 Sep, 2011 12:00am
US regulators close First National Bank of Florida

US regulators close First National Bank of Florida

US regulators closed The First National Bank of Florida on Friday, bringing the total number of closures this year to 71. The Federal Deposit Insurance Corp said deposits of the bank in Milton, Florida, were being assumed by CharterBank, a unit of Charter
Published 11 Sep, 2011 12:00am
Business groups urge comprehensive Asia-Pacific trade deal

Business groups urge comprehensive Asia-Pacific trade deal

Business groups on Friday urged the United States and other countries not to weaken a proposed Asia-Pacific free trade deal by excluding certain sectors, like dairy or sugar, from the pact. The groups from US, New Zealand, Peru and Singapore also pressed
Published 11 Sep, 2011 12:00am
Mexico's central bankers split on rate cut signal

Mexico's central bankers split on rate cut signal

Mexico's central bankers split over whether to send a signal to markets that an interest rate cut is possible in future, the minutes of their August meeting showed. All five members of the bank's board agreed that future conditions might make it necessary
Published 11 Sep, 2011 12:00am
Peru trade surplus more than doubles

Peru trade surplus more than doubles

Peru's trade surplus more than doubled in July from the same month a year earlier due to an increase in the dollar amount of traditional commodity exports such as minerals, the central bank said on Friday. The trade surplus posted was $1.15 billion, compa
Published 11 Sep, 2011 12:00am
InterContinental business holding up for now

InterContinental business holding up for now

World No 1 hotelier InterContinental Hotels Group Plc said its trading momentum was good in August and September and it had not seen any significant impact from global recession fears and mounting debt concerns in the United States and Europe.
Published 11 Sep, 2011 12:00am
Greenspan sees few results from quantitative easing

Greenspan sees few results from quantitative easing

Former Federal Reserve Chairman Alan Greenspan said on Friday that he sees few results from the US central bank's "quantitative easing" program and is not convinced a fresh intervention in bond markets will help.
Published 11 Sep, 2011 12:00am
Croatia determined to join eurozone despite crisis

Croatia determined to join eurozone despite crisis

Croatia is determined to eventually join the eurozone after its expected entry to the European Union in 2013, although the debt crisis in the currency bloc makes it difficult to estimate a timeframe, its finance minister said on Friday.
Published 11 Sep, 2011 12:00am
Rain halts Aussies after Marsh, Hussey tons

Rain halts Aussies after Marsh, Hussey tons

Michael Hussey hit a 14th Test century and debutant Shaun Marsh his maiden ton before rain halted Australia's progress in the second Test against Sri Lanka on Saturday. The two left-handers put on 258 for the fourth wicket as the tourists moved to 411-7 i
Published 11 Sep, 2011 12:00am
England hold nerve to inflict more misery on India

England hold nerve to inflict more misery on India

England inflicted more misery on India as Craig Kieswetter's quick-fire 51 inspired a three-wicket win over the beleaguered tourists in the third One-day international here at The Oval on Friday. Thanks to Kieswetter's big hitting and a nerveless 40 from
Published 11 Sep, 2011 12:00am
Pakistan U-16 football team leaves for Kuwait

Pakistan U-16 football team leaves for Kuwait

Pakistan Under-16 football team has left for Kuwait to take part in Asian Football Confederation (AFC) U-16 Championship qualifiers being staged there from September 12 to 22. Muneer Aftab is leading Pakistan Under-16 football team while Malik Dilshad Ahm
Published 11 Sep, 2011 12:00am
Aguero hat-trick fuels unstoppable Man City

Aguero hat-trick fuels unstoppable Man City

Sergio Aguero scored a hat-trick as Manchester City maintained their perfect start to the Premier League season with a 3-0 victory over Wigan Athletic on Saturday while fellow title hopefuls Chelsea won 2-1 at Sunderland. Argentina forward Aguero took his
Published 11 Sep, 2011 12:00am
Nadal, Murray complete all-star US Open semis

Nadal, Murray complete all-star US Open semis

Defending champion Rafael Nadal and world number four Andy Murray guaranteed a US Open Super Saturday line-up on Friday, completing an all-star, top-four lockout of the semi-final places. Second seed Nadal cruised past 2003 champion Andy Roddick, the Amer
Published 11 Sep, 2011 12:00am
Gomez's four-goal fiesta sends Bayern top

Gomez's four-goal fiesta sends Bayern top

Bayern Munich striker Mario Gomez scored four times and Franck Ribery twice as Bayern demolished Freiburg 7-0 on Saturday to go back to the top of the Bundesliga. Four days before facing Villarreal in Spain in the Champions League, in-form Bayern kept a c
Published 11 Sep, 2011 12:00am
Quaid's 63rd death anniversary today

Quaid's 63rd death anniversary today

The nation is observing 63rd death anniversary of Founding Father of Pakistan Quaid-i-Azam Muhammad Ali Jinnah on Sunday (today), with a pledge to make the country a progressive, modern and moderate Islamic state as per vision of Father of the Nation.
Published 11 Sep, 2011 12:00am
Quaid's 63rd death anniversary today

Quaid's 63rd death anniversary today

The nation is observing 63rd death anniversary of Founding Father of Pakistan Quaid-i-Azam Muhammad Ali Jinnah on Sunday (today), with a pledge to make the country a progressive, modern and moderate Islamic state as per vision of Father of the Nation.
Published 11 Sep, 2011 12:00am
Floods in Pakistan: Prime Minister seeks world assistance

Floods in Pakistan: Prime Minister seeks world assistance

Prime Minister Syed Yousuf Raza Gilani on Saturday urged the international institutions, world community and the people of Pakistan at home and abroad to extend full support and co-operation to the government in tackling the situation created by the devas
Published 11 Sep, 2011 12:00am
Floods in Pakistan: Prime Minister seeks world assistance

Floods in Pakistan: Prime Minister seeks world assistance

Prime Minister Syed Yousuf Raza Gilani on Saturday urged the international institutions, world community and the people of Pakistan at home and abroad to extend full support and co-operation to the government in tackling the situation created by the devas
Published 11 Sep, 2011 12:00am
Widespread rains forecast for lower Sindh

Widespread rains forecast for lower Sindh

The Met office on Saturday said that more widespread heavy to very heavy rains predicted in lower Sindh during the next three days (Sunday evening to Wednesday). It also warned the heavy spells is likely to cause more flooding in the already inundated are
Published 11 Sep, 2011 12:00am
Widespread rains forecast for lower Sindh

Widespread rains forecast for lower Sindh

The Met office on Saturday said that more widespread heavy to very heavy rains predicted in lower Sindh during the next three days (Sunday evening to Wednesday). It also warned the heavy spells is likely to cause more flooding in the already inundated are
Published 11 Sep, 2011 12:00am
UN to launch multi million dollars aid programme

UN to launch multi million dollars aid programme

The United Nations will begin its multi-million dollar humanitarian assistance programme in co-operation with Pakistan Disaster Management Authority (PDMA) in interior of Sindh province from Sunday (today).
Published 11 Sep, 2011 12:00am
UN to launch multi million dollars aid programme

UN to launch multi million dollars aid programme

The United Nations will begin its multi-million dollar humanitarian assistance programme in co-operation with Pakistan Disaster Management Authority (PDMA) in interior of Sindh province from Sunday (today).
Published 11 Sep, 2011 12:00am
Ferry capsizes off Tanzania, nearly 200 dead

Ferry capsizes off Tanzania, nearly 200 dead

Nearly 200 people drowned when an overloaded ferry capsized off east Africa as it sailed from Zanzibar to Pemba island, police said on Saturday, Tanzania's worst maritime disaster in at least 15 years. Fishing boats, tour operators and diving instructors
Published 11 Sep, 2011 12:00am
Ferry capsizes off Tanzania, nearly 200 dead

Ferry capsizes off Tanzania, nearly 200 dead

Nearly 200 people drowned when an overloaded ferry capsized off east Africa as it sailed from Zanzibar to Pemba island, police said on Saturday, Tanzania's worst maritime disaster in at least 15 years. Fishing boats, tour operators and diving instructors
Published 11 Sep, 2011 12:00am
Pakistan facing higher inflationary pressure in region

Pakistan facing higher inflationary pressure in region

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan has been experiencing higher inflationary pressure in the region, it is learnt. Sources said that Ministry of Finance gave a presentation to the last meeting of ECC on ec
Published 11 Sep, 2011 12:00am
Pakistan facing higher inflationary pressure in region

Pakistan facing higher inflationary pressure in region

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan has been experiencing higher inflationary pressure in the region, it is learnt. Sources said that Ministry of Finance gave a presentation to the last meeting of ECC on ec
Published 11 Sep, 2011 12:00am
Pakistan facing higher inflationary pressure in region

Pakistan facing higher inflationary pressure in region

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan has been experiencing higher inflationary pressure in the region, it is learnt. Sources said that Ministry of Finance gave a presentation to the last meeting of ECC on ec
Published 11 Sep, 2011 12:00am
US stronger 10 years after 9/11: Obama

US stronger 10 years after 9/11: Obama

President Barack Obama said on Saturday the United States was stronger 10 years after the September 11, 2001, attacks and Americans would "carry on" despite continued threats against their safety.
Published 11 Sep, 2011 12:00am
US stronger 10 years after 9/11: Obama

US stronger 10 years after 9/11: Obama

President Barack Obama said on Saturday the United States was stronger 10 years after the September 11, 2001, attacks and Americans would "carry on" despite continued threats against their safety.
Published 11 Sep, 2011 12:00am
Ahead of 9/11, Taliban vow to keep fighting

Ahead of 9/11, Taliban vow to keep fighting

The Taliban on Saturday vowed to keep fighting against US forces in Afghanistan until all American troops leave the country and stressed that their movement had no role in the September 11 attacks.
Published 11 Sep, 2011 12:00am
Ahead of 9/11, Taliban vow to keep fighting

Ahead of 9/11, Taliban vow to keep fighting

The Taliban on Saturday vowed to keep fighting against US forces in Afghanistan until all American troops leave the country and stressed that their movement had no role in the September 11 attacks.
Published 11 Sep, 2011 12:00am
G8 pledges billions for Arab Spring as IMF recognises Libya

G8 pledges billions for Arab Spring as IMF recognises Libya

Arab states that ousted their dictators got a financial shot in the arm Saturday with promises of tens of billion of dollars to help their rocky transformation into modern democracies. G8 rich nations and institutions including the World Bank, the IMF, re
Published 11 Sep, 2011 12:00am
G8 pledges billions for Arab Spring as IMF recognises Libya

G8 pledges billions for Arab Spring as IMF recognises Libya

Arab states that ousted their dictators got a financial shot in the arm Saturday with promises of tens of billion of dollars to help their rocky transformation into modern democracies. G8 rich nations and institutions including the World Bank, the IMF, re
Published 11 Sep, 2011 12:00am
G8 pledges billions for Arab Spring as IMF recognises Libya

G8 pledges billions for Arab Spring as IMF recognises Libya

Arab states that ousted their dictators got a financial shot in the arm Saturday with promises of tens of billion of dollars to help their rocky transformation into modern democracies. G8 rich nations and institutions including the World Bank, the IMF, re
Published 11 Sep, 2011 12:00am
Syria, Arab League 'agree reforms' as killings go on

Syria, Arab League 'agree reforms' as killings go on

Arab League chief Nabil Elaraby said he had agreed a series of measures with President Bashar al-Assad on Saturday to help end violence in Syria, as activists said Assad's forces killed six people in their relentless crackdown on dissent.
Published 11 Sep, 2011 12:00am
Syria, Arab League 'agree reforms' as killings go on

Syria, Arab League 'agree reforms' as killings go on

Arab League chief Nabil Elaraby said he had agreed a series of measures with President Bashar al-Assad on Saturday to help end violence in Syria, as activists said Assad's forces killed six people in their relentless crackdown on dissent.
Published 11 Sep, 2011 12:00am
ST, FED returns: system comes to a halt

ST, FED returns: system comes to a halt

The Federal Board of Revenue (FBR) system of electronic filing of sales tax and federal excise returns has almost come to a halt and refused to go from 'verification mode' to next stage of return submission through electronic system.
Published 11 Sep, 2011 12:00am
ST, FED returns: system comes to a halt

ST, FED returns: system comes to a halt

The Federal Board of Revenue (FBR) system of electronic filing of sales tax and federal excise returns has almost come to a halt and refused to go from 'verification mode' to next stage of return submission through electronic system.
Published 11 Sep, 2011 12:00am
ST, FED returns: system comes to a halt

ST, FED returns: system comes to a halt

The Federal Board of Revenue (FBR) system of electronic filing of sales tax and federal excise returns has almost come to a halt and refused to go from ''verification mode'' to next stage of return submission through electronic system.
Published 11 Sep, 2011 12:00am
Poor drafting of flood surcharge law creates confusion

Poor drafting of flood surcharge law creates confusion

The poor drafting of the Income Tax (Amendment) Ordinance, 2011 on flood surcharge has forced the Federal Board of Revenue (FBR) to introduce key changes in the relevant annex/page of the income tax return for tax year 2011 to collect flood surcharge on p
Published 11 Sep, 2011 12:00am
Poor drafting of flood surcharge law creates confusion

Poor drafting of flood surcharge law creates confusion

The poor drafting of the Income Tax (Amendment) Ordinance, 2011 on flood surcharge has forced the Federal Board of Revenue (FBR) to introduce key changes in the relevant annex/page of the income tax return for tax year 2011 to collect flood surcharge on p
Published 11 Sep, 2011 12:00am
Poor drafting of flood surcharge law creates confusion

Poor drafting of flood surcharge law creates confusion

The poor drafting of the Income Tax (Amendment) Ordinance, 2011 on flood surcharge has forced the Federal Board of Revenue (FBR) to introduce key changes in the relevant annex/page of the income tax return for tax year 2011 to collect flood surcharge on p
Published 11 Sep, 2011 12:00am
G7 offers little to calm markets on growth, debt

G7 offers little to calm markets on growth, debt

Group of Seven finance chiefs pledged on Friday to make a co-ordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe's debt crisis. The United States pressed Europe's strongest economies to give
Published 11 Sep, 2011 12:00am
G7 offers little to calm markets on growth, debt

G7 offers little to calm markets on growth, debt

Group of Seven finance chiefs pledged on Friday to make a co-ordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe's debt crisis. The United States pressed Europe's strongest economies to give
Published 11 Sep, 2011 12:00am
G7 offers little to calm markets on growth, debt

G7 offers little to calm markets on growth, debt

Group of Seven finance chiefs pledged on Friday to make a co-ordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe''s debt crisis. The United States pressed Europe''s strongest economies to giv
Published 11 Sep, 2011 12:00am
Dollar marginally low

Dollar marginally low

Some slight changes were seen on the money market on Saturday in the process of trading, dealers said. Interbank rates for dollar on Saturday at 13:30 hrs.

Published 11 Sep, 2011 12:00am
Dollar marginally low

Dollar marginally low

Some slight changes were seen on the money market on Saturday in the process of trading, dealers said. Interbank rates for dollar on Saturday at 13:30 hrs.

Published 11 Sep, 2011 12:00am
'New Judicial Year' opening ceremony tomorrow

'New Judicial Year' opening ceremony tomorrow

The opening ceremony for the 'New Judicial Year' 2011-12 will be held in the principal seat of the Supreme Court (SC) on September 12, which worked round the clock to do away with the pendency of cases. Chief Justice Iftikhar Muhammad Chaudhry will chair
Published 11 Sep, 2011 12:00am
'New Judicial Year' opening ceremony tomorrow

'New Judicial Year' opening ceremony tomorrow

The opening ceremony for the 'New Judicial Year' 2011-12 will be held in the principal seat of the Supreme Court (SC) on September 12, which worked round the clock to do away with the pendency of cases. Chief Justice Iftikhar Muhammad Chaudhry will chair
Published 11 Sep, 2011 12:00am
Dutch MP issues fatwa to free Muslims from extremism

Dutch MP issues fatwa to free Muslims from extremism

On the eve of 9/11, a Dutch Muslim politician has launched a campaign calling on Muslims around the world to stop blindly following decrees issued by a handful of extremists, and to start thinking for themselves. Tofik Dibi, a member of parliament for the
Published 11 Sep, 2011 12:00am
Dutch MP issues fatwa to free Muslims from extremism

Dutch MP issues fatwa to free Muslims from extremism

On the eve of 9/11, a Dutch Muslim politician has launched a campaign calling on Muslims around the world to stop blindly following decrees issued by a handful of extremists, and to start thinking for themselves. Tofik Dibi, a member of parliament for the
Published 11 Sep, 2011 12:00am
$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

Saudi Arabia's largest private sector steel manufacturer Al-Tuwairqi Holding and the world's third-largest steel maker by market value POSCO have signed a joint venture agreement for the project of Tuwairqi Steel Mills Limited (TSML). Through the agreemen
Published 11 Sep, 2011 12:00am
$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

Saudi Arabia's largest private sector steel manufacturer Al-Tuwairqi Holding and the world's third-largest steel maker by market value POSCO have signed a joint venture agreement for the project of Tuwairqi Steel Mills Limited (TSML). Through the agreemen
Published 11 Sep, 2011 12:00am
$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

Saudi Arabia''s largest private sector steel manufacturer Al-Tuwairqi Holding and the world''s third-largest steel maker by market value POSCO have signed a joint venture agreement for the project of Tuwairqi Steel Mills Limited (TSML). Through the agreem
Published 11 Sep, 2011 12:00am
Five of a family among 10 electrocuted

Five of a family among 10 electrocuted

Heavy rains that lashed the city in the afternoon claimed 10 lives including five members of a family at various parts of the metropolis, here on Saturday. According to the rescue and police sources, five members of a family were electrocuted in the limit
Published 11 Sep, 2011 12:00am
Five of a family among 10 electrocuted

Five of a family among 10 electrocuted

Heavy rains that lashed the city in the afternoon claimed 10 lives including five members of a family at various parts of the metropolis, here on Saturday. According to the rescue and police sources, five members of a family were electrocuted in the limit
Published 11 Sep, 2011 12:00am
Torrential rains wreak havoc in Karachi

Torrential rains wreak havoc in Karachi

Torrential rain coupled with gusty winds wreaked havoc on the city on Saturday, deluging roads and streets to nearly waist-deep level with a river-like flow of rainwater, and caused worst traffic jams all over the city. The longest spell of season's heavi
Published 11 Sep, 2011 12:00am
Torrential rains wreak havoc in Karachi

Torrential rains wreak havoc in Karachi

Torrential rain coupled with gusty winds wreaked havoc on the city on Saturday, deluging roads and streets to nearly waist-deep level with a river-like flow of rainwater, and caused worst traffic jams all over the city. The longest spell of season's heavi
Published 11 Sep, 2011 12:00am
Prime Minister to leave for Iran today

Prime Minister to leave for Iran today

Prime Minister Syed Yousuf Raza Gilani will leave on Sunday for Teheran on three-day official visit to Iran. Foreign office spokesperson Tehmina Janjua in a statement on Saturday said Prime Minister will discuss outcome of Joint Economic Commission meetin
Published 11 Sep, 2011 12:00am
Prime Minister to leave for Iran today

Prime Minister to leave for Iran today

Prime Minister Syed Yousuf Raza Gilani will leave on Sunday for Teheran on three-day official visit to Iran. Foreign office spokesperson Tehmina Janjua in a statement on Saturday said Prime Minister will discuss outcome of Joint Economic Commission meetin
Published 11 Sep, 2011 12:00am
Prime Minister to leave for Iran today

Prime Minister to leave for Iran today

Prime Minister Syed Yousuf Raza Gilani will leave on Sunday for Teheran on three-day official visit to Iran. Foreign office spokesperson Tehmina Janjua in a statement on Saturday said Prime Minister will discuss outcome of Joint Economic Commission meetin
Published 11 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the dates for filing of sales tax and federal excise duty returns for the periods July and August, 2011. In a letter issued here on Saturday, the Inland Revenue Wing of the FBR has communicated to all Chief Commis
Published 11 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the dates for filing of sales tax and federal excise duty returns for the periods July and August, 2011. In a letter issued here on Saturday, the Inland Revenue Wing of the FBR has communicated to all Chief Commis
Published 11 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the dates for filing of sales tax and federal excise duty returns for the periods July and August, 2011. In a letter issued here on Saturday, the Inland Revenue Wing of the FBR has communicated to all Chief Commis
Published 11 Sep, 2011 12:00am
Prime Minister clears 'Trade Policy 2011-12'

Prime Minister clears 'Trade Policy 2011-12'

Prime Minister Yousaf Raza Gilani on Saturday cleared the much-awaited 'Trade Policy 2011-12', without extending any subsidy--a key demand of different sectors. "Nothing concrete came under discussion as they sat, had a chit-chat and dispersed," commented
Published 11 Sep, 2011 12:00am
Prime Minister clears 'Trade Policy 2011-12'

Prime Minister clears 'Trade Policy 2011-12'

Prime Minister Yousaf Raza Gilani on Saturday cleared the much-awaited 'Trade Policy 2011-12', without extending any subsidy--a key demand of different sectors. "Nothing concrete came under discussion as they sat, had a chit-chat and dispersed," commented
Published 11 Sep, 2011 12:00am
Prime Minister clears ''Trade Policy 2011-12''

Prime Minister clears ''Trade Policy 2011-12''

Prime Minister Yousaf Raza Gilani on Saturday cleared the much-awaited ''Trade Policy 2011-12'', without extending any subsidy--a key demand of different sectors. "Nothing concrete came under discussion as they sat, had a chit-chat and dispersed," comment
Published 11 Sep, 2011 12:00am
High spread on pretext of inflation: textile industry criticises banks

High spread on pretext of inflation: textile industry criticises banks

The textile industry has criticised banks for a very high spread of 8 percent between lending and borrowing on the pretext of inflation. The industry circles have pointed out that the textile industry cannot survive by paying heavy mark up, according to h
Published 11 Sep, 2011 12:00am
High spread on pretext of inflation: textile industry criticises banks

High spread on pretext of inflation: textile industry criticises banks

The textile industry has criticised banks for a very high spread of 8 percent between lending and borrowing on the pretext of inflation. The industry circles have pointed out that the textile industry cannot survive by paying heavy mark up, according to h
Published 11 Sep, 2011 12:00am
High spread on pretext of inflation: textile industry criticises banks

High spread on pretext of inflation: textile industry criticises banks

The textile industry has criticised banks for a very high spread of 8 percent between lending and borrowing on the pretext of inflation. The industry circles have pointed out that the textile industry cannot survive by paying heavy mark up, according to h
Published 11 Sep, 2011 12:00am
Dengue patients: Shahbaz takes note of allegations

Dengue patients: Shahbaz takes note of allegations

Punjab Chief Minister Muhammad Shahbaz Sharif taking serious notice of receiving huge amounts from the dengue virus patients in private hospitals, has directed to constitute a special committee which will hold talks to administration of these hospitals an
Published 11 Sep, 2011 12:00am
Malik orders strict monitoring of foreigners

Malik orders strict monitoring of foreigners

The Interior Minister Rehman Malik issued directives to the officials concerned to monitor the foreigners including Afghans entering in Pakistan without having the legal documents. The Immigration Counters are being established at all borders of the count
Published 11 Sep, 2011 12:00am
Essential items prices register substantial increase

Essential items prices register substantial increase

The prices of essential kitchen items have registered a substantial increase this week as compared to last week. A survey carried out by Business Recorder showed that the prices of essential kitchen items including wheat flour, sugar, tetra pack mi
Published 11 Sep, 2011 12:00am
BISE announces Inter Part-II results

BISE announces Inter Part-II results

Board of Intermediate and Secondary Education Lahore (BISE) announced Intermediate Part II result 2011, here on Saturday. Total 149,805 students appeared in the examination and 69,904 were declared pass with the percentage 46.6 percent. The pass percentag
Published 11 Sep, 2011 12:00am
'FBR should revisit policies to broaden tax net'

'FBR should revisit policies to broaden tax net'

The Federal Board of Revenue (FBR) should revisit its policies to broaden tax net as discourteous attitude of tax officials is discouraging new investments and new businesses. These views were expressed by PIAF-Founders Alliance leaders including Iftikhar
Published 11 Sep, 2011 12:00am
Railway to be back on track, says Bilour

Railway to be back on track, says Bilour

Federal Minister for Railways Ghulam Ahmed Bilour has said that the railway will come out of the crisis within 4 to 5 months after receiving the package approved by the Federal Cabinet. He said this while addressing a news conference soon after presiding
Published 11 Sep, 2011 12:00am
Dengue patients: meal distributed among attendants

Dengue patients: meal distributed among attendants

Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz distributed meal among attendants of dengue patients at Jinnah hospital on Saturday. Talking to Business Recorder, Gohar said he has taken the initiative to motivate the business co
Published 11 Sep, 2011 12:00am
Crisis management centre to be set up in ABAD office

Crisis management centre to be set up in ABAD office

A Crisis Management Centre (CMC) will be set up in the office of the Association of Builders and Developers of Pakistan (ABAD) on the instructions of Interior Minister Rehman Malik. The CMC will be managed by an officer of DSP rank so that actions on prob
Published 11 Sep, 2011 12:00am
Completion of KMU building: Hoti approves Rs 110 million for HEC

Completion of KMU building: Hoti approves Rs 110 million for HEC

Chief Minister of Khyber-Pakhtunkhwa Amir Haider Khan Hoti approved Rs 110 million for a Higher Education Commission (HEC) project to ensure early completion of the building of Khyber Medical University (KMU) Peshawar. According to details, the government
Published 11 Sep, 2011 12:00am
Faheem rebuts allegations levelled by Nawaz

Faheem rebuts allegations levelled by Nawaz

Expressing concerns over the allegations raised by Mohammad Nawaz Sharif against Senior Federal Minister of Commerce Makhdoom Amin Faheem, Makhdoom's spokesman said that such a way of politics is becoming a significant reason for Nawaz Sharif's political
Published 11 Sep, 2011 12:00am
LEAs detain: 35 suspects, recover arms

LEAs detain: 35 suspects, recover arms

Law Enforcement Agencies on Saturday claimed to have detained over 35 suspects and recovered weapons in separate search operations in various parts of the metropolis here. According to sources, heavy contingents of rangers, female personnel, commandos and
Published 11 Sep, 2011 12:00am
APML information secretary Punjab resigns

APML information secretary Punjab resigns

All Pakistan Muslim League (APML) Punjab secretary information Javaid Badr on Saturday tendered resignation from his office in protest against non-political attitude of some elements within the party. In his resignation sent to spokesman of APML, Badr sai
Published 11 Sep, 2011 12:00am
National Assembly, Senate await stormy sessions today

National Assembly, Senate await stormy sessions today

National Assembly and Senate await stormy sessions tomorrow (Monday) following allegations and counter-allegations by former Sindh Home Minister Dr Zulqar Mirza followed by MQM's chief Altaf Hussain press conference. The two houses of the Parliament have
Published 11 Sep, 2011 12:00am
Hotel industry still an attractive business

Hotel industry still an attractive business

In spite of deteriorating law and order situation in Pakistan, the hotel industry is still one of the most attractive business that is still alluring foreign investors. Sardar Tanveer Ilyas Khan CEO Pak Gulf Construction Co (Pvt) Ltd said while talking to
Published 11 Sep, 2011 12:00am
PTCL, Muller & Phipps sign distribution accord

PTCL, Muller & Phipps sign distribution accord

Pakistan Telecommunication Company Limited (PTCL) has signed a nation-wide distribution agreement for EVO and related products with Muller & Phipps, the largest and oldest distribution company established in 1912. With this agreement PTCL intends to reach
Published 11 Sep, 2011 12:00am
CJP urged to launch probe into May 12 mayhem

CJP urged to launch probe into May 12 mayhem

Awami National Party (ANP) on Saturday demanded of the Chief Justice of Pakistan to investigate the May 12 incident, besides constituting a judicial committee to probe into the 'political parties running on foreign aid'. Secretary Information Senator, Zah
Published 11 Sep, 2011 12:00am
Five target killers arrested

Five target killers arrested

Crime Investigation Department (CID) and Anti-Extremist Cell (AEC) on Saturday claimed to have nabbed some 11 persons including five target killers in separate raids at various parts of metropolis.
Published 11 Sep, 2011 12:00am
Rs 5.33 million looted

Rs 5.33 million looted

A gang of armed robbers on Saturday looted Rs 5.33 million from a house located within the limits of Mobina town police station. According to the police, some six armed men barged in a house and held the residents hostages at gunpoint. The robbers looted
Published 11 Sep, 2011 12:00am
Thatta badly affected area

Thatta badly affected area

As rain devastation continues in lower Sindh District Thatta is one of the most affected areas where as many as 1,086,638 persons of 494 villages have been affected during the current spell of heavy rain across the district, says a statement issued by the
Published 11 Sep, 2011 12:00am
MQM's former councillor among five dead

MQM's former councillor among five dead

At least five persons including ex-councillor of MQM were killed in separate incidents at various parts of the metropolis here on Saturday. According to the police, the victim Nawab, 55, son of Saeeduddin was assaulted by unidentified armed men at main bu
Published 11 Sep, 2011 12:00am
JCR-VIS upgrades entity ratings of Burj Bank

JCR-VIS upgrades entity ratings of Burj Bank

JCR-VIS Credit Rating Company Limited, (JCR-VIS) has upgraded the entity ratings of Burj Bank Limited (formerly Dawood Islamic Bank Limited) from 'A-/A-2' (Single A Minus/A-Two Minus) with a 'stable' outlook. In line with sponsors' commitment to inject fr
Published 11 Sep, 2011 12:00am
JCR-VIS upgrades entity ratings of Burj Bank

JCR-VIS upgrades entity ratings of Burj Bank

JCR-VIS Credit Rating Company Limited, (JCR-VIS) has upgraded the entity ratings of Burj Bank Limited (formerly Dawood Islamic Bank Limited) from 'A-/A-2' (Single A Minus/A-Two Minus) with a 'stable' outlook. In line with sponsors' commitment to inject fr
Published 11 Sep, 2011 12:00am
NBP continues flood relief operation

NBP continues flood relief operation

National Bank of Pakistan in collaboration with People's Doctor's Forum has organised flood relief and medical camp in DC School, Nawabshah. Last week NBP distributed flour bags and other food essentials among the flood affectees of this area.
Published 11 Sep, 2011 12:00am
Four women teachers burnt in Quetta

Four women teachers burnt in Quetta

At least four women school teachers received burn injuries on their faces after they were attacked by the unidentified men here in the Kili Aalam Khan on Saturday. Police informed that school teachers were on their way back to home on Suzuki van when the
Published 11 Sep, 2011 12:00am
MNA reviews ongoing construction of nullah

MNA reviews ongoing construction of nullah

Member National Assembly, Dr Abdul Qadir Khanzada along with Administrator Orangi Town, Qamar Sheikh on Saturday reviewed ongoing construction of a nullah, which is being built with his development fund at Kasba area in Orangi town. Later, the MNA alongwi
Published 11 Sep, 2011 12:00am
Government fails to treat dengue, malaria patients

Government fails to treat dengue, malaria patients

Thousands of rain-affected people are facing threats of dengue and malaria diseases as the health department has failed to provide them complete treatment in this regard. Continuous rains of monsoon have affected about 0.5 million people in almost all dis
Published 11 Sep, 2011 12:00am
IGP directs joint patrolling by police, Rangers

IGP directs joint patrolling by police, Rangers

The IGP Sindh, Wajid Ali Durrani, has issued directive to the Additional IG Karachi to make a strategy with Rangers for joint patrolling in areas most hit by street crimes. According to a spokesman of the IGP's office on Saturday, the IGP has further aske
Published 11 Sep, 2011 12:00am
Mobile SIMs verification system lauded

Mobile SIMs verification system lauded

Mobile SIM Information and Verification System (668) developed, deployed and hosted by Pakistan Telecommunication Authority (PTA) has received regional applaud. The application was listed among the finalist during recently held millionth South Asian Award
Published 11 Sep, 2011 12:00am
Ufone brings Blackberry Bold 9900

Ufone brings Blackberry Bold 9900

For the first time in Pakistan, Ufone introduces the new BlackBerry Bold 9900. This unique handset has the ability to replace cutting edge technology with its uniqueness as it features a powerful 1.2 GHz processor, which is the fastest ever in a BlackBerr
Published 11 Sep, 2011 12:00am
Heavy rains: city plunges into darkness as power feeders trip

Heavy rains: city plunges into darkness as power feeders trip

Around 300 feeders tripped in different parts of the city on Saturday shortly after the city witnessed heavy rainfall that plagued various localities into darkness, compelling the citizens to pass their nights without electricity.
Published 11 Sep, 2011 12:00am
NRL's entity ratings maintained at AAA, Al+

NRL's entity ratings maintained at AAA, Al+

Pakistan Credit Rating Agency (Pacra) has maintained the long-term and the short-term entity ratings of National Refinery Limited (NRL) at 'AAA' (Triple A) and 'Al+' (A One Plus), respectively. These ratings denote the lowest expectation of credit risk em
Published 11 Sep, 2011 12:00am
NRL's entity ratings maintained at AAA, Al+

NRL's entity ratings maintained at AAA, Al+

Pakistan Credit Rating Agency (Pacra) has maintained the long-term and the short-term entity ratings of National Refinery Limited (NRL) at 'AAA' (Triple A) and 'Al+' (A One Plus), respectively. These ratings denote the lowest expectation of credit risk em
Published 11 Sep, 2011 12:00am
PML-N criticises Altaf for distorting Kargil episode

PML-N criticises Altaf for distorting Kargil episode

Pakistan Muslim League-Nawaz (PML-N) on Saturday strongly reacted to the allegations levelled against its leadership by MQM chief Altaf Hussain and expressed deep anguish over deliberate distortion of the Kargil episode.
Published 11 Sep, 2011 12:00am
Ban on pillion riding lifted

Ban on pillion riding lifted

Sindh Home Minister Manzoor Hussain on Saturday announced lifting of ban on pillion riding on motorcycles in Karachi with immediate effect. "The ban has lifted to facilitate the public after improvement in law and order situation in the metropolis," his s
Published 11 Sep, 2011 12:00am
'Hero Bannay Ki Tarang-II' to be air on September 22

'Hero Bannay Ki Tarang-II' to be air on September 22

After the successful airing of 'Hero Bannay Bannay Ki Tarang' (HBKT). Engro Foods Limited is airing the second season of HBKT with a big bang on September 22, Engro Foods Ltd's tea whitening brand Tarang, in an endeavour to revive the local film industry
Published 11 Sep, 2011 12:00am
Intermediate results on September 12

Intermediate results on September 12

Board of Intermediate Education Karachi (BIEK) would announce the results of intermediate pre-engineering group (part II) and science and general group on 12th September 2011, Monday at 3:00 pm at BIEK auditorium. The position holder students would be con
Published 11 Sep, 2011 12:00am
9/11: A day for introspection

9/11: A day for introspection

In the recorded history no non-state actor changed the world so dramatically as did Osama bin Laden, and even when he is gone his legacy refuses to die, spawning multifarious implications for the world peace and progress. True to President George W. Bush'
Published 11 Sep, 2011 12:00am
Worse than Waziristan

Worse than Waziristan

Director General Pakistan Rangers Sindh, Major General Muhammad Ejaz Chaudhry's submissions before a special bench of the Supreme Court on Wednesday regarding the grim Karachi situation may be shocking, yet they are not far from the truth. Speaking from e
Published 11 Sep, 2011 12:00am
Energy sector: Bringing reforms and competition

Energy sector: Bringing reforms and competition

In the last article of this series, we demonstrated through the case study of a wind power project the inadequacies in the current regulatory practices. Some problems are operational, while the others are of more structural nature implicit in the cost-plu
Published 11 Sep, 2011 12:00am
Date palm decline: Iraq looks to rebuild

Date palm decline: Iraq looks to rebuild

Iraqi officials are pushing re-planting programmes for the country's date palms, which are famed across the Middle East as the region's best but have suffered terrible losses in past decades. The trees were celebrated during Babylonian times for their str
Published 11 Sep, 2011 12:00am
Former militant turns comic book hero in Indonesia

Former militant turns comic book hero in Indonesia

A repentant Islamic militant who fought in Afghanistan and later joined a South-East Asian group blamed for a string of deadly attacks has become a comic book hero in Indonesia. The 137-page book chronicles the life of Malaysian-born Nasir Abas from the t
Published 11 Sep, 2011 12:00am
Good news indeed!

Good news indeed!

It is heartening to read in the media that Punjab's secretary literacy and non-formal basic education Dr Allah Bakhsh Malik has been given UN's most prestigious 'Confucius Award' by Indian president at an international conference on the topic of 'Women's
Published 11 Sep, 2011 12:00am
Two die from dengue fever in Khyber Pakhtunkhwa

Two die from dengue fever in Khyber Pakhtunkhwa

Two persons have died of dengue fever in Khyber Pakhtunkhwa while health authorities have confirmed at least 15 more cases of fever. An official of the Health and Emergency Preparedness Response Cell (HEPR) while talking to APP here on Saturday, said that
Published 11 Sep, 2011 12:00am
2,413 dengue cases confirmed

2,413 dengue cases confirmed

National Health Department reported on Saturday that 2,413 dengue cases had been confirmed across the country, fearing the toll could rise in days to come. The report says a total of 2,708 dengue patients have been admitted so far and dengue virus has bee
Published 11 Sep, 2011 12:00am
Punjab government importing fresh medicine for anti-mosquito spray

Punjab government importing fresh medicine for anti-mosquito spray

The Punjab government is importing fresh medicine for anti-mosquito spray, which is expected to reach Pakistan by Monday while Chief Minister Punjab has formed a high level investigation committee headed by Additional Inspector General of Police for condu
Published 11 Sep, 2011 12:00am
World First Aid Day observed

World First Aid Day observed

World First Aid Day was observed here on Saturday, like other parts of the world including Pakistan, to promote the importance of first aid training in preventing injuries and saving lives. World First Aid Day was celebrated by ordinary people and volunte
Published 11 Sep, 2011 12:00am
Pak-US exchange programmes helping boost ties: CG

Pak-US exchange programmes helping boost ties: CG

US Consul General, Carmela Conroy has said that Pakistan has more exchange programmes with the US than any other country in the world. She was addressing the Eid Milan reception arranged in the honour of State Alumni, organised by the US Consulate General
Published 11 Sep, 2011 12:00am
Power consumers urged to adopt precautionary measures

Power consumers urged to adopt precautionary measures

Peshawar Electric Supply Company (Pesco) has urged the request its honourable customers to adopt all precautionary measures during monsoon rains to avoid electrocution and electric shocks for their own safety so that precious human lives and property coul
Published 11 Sep, 2011 12:00am
AIOU extends admission date up to September 24

AIOU extends admission date up to September 24

Allama Iqbal Open University (AIOU) has extended its admissions date up to September 24 for all programmes from Matric to MA/M.Sc, MBA (3.5 years duration), M.Com and Associate Degree in Commerce for the Semester Autumn 2011. This was decided in a meeting
Published 11 Sep, 2011 12:00am
Nisar strongly reacts to MQM chief's press conference

Nisar strongly reacts to MQM chief's press conference

Leader of the Opposition in the National Assembly, Nisar Ali Khan, on Saturday strongly reacted to the press conference of MQM chief Altaf Hussain, terming it as "wastage of time, worst example of political jugglery, and complete joke with the people of P
Published 11 Sep, 2011 12:00am
Punjab chief minister reviews dengue help-line performance

Punjab chief minister reviews dengue help-line performance

Punjab Chief Minister, Muhammad Shahbaz Sharif here Saturday called on the free help-line 0800-99000 launched for taking guidance from medical experts with regard to dengue fever. The chief minister called, without disclosing his identity, for checking th
Published 11 Sep, 2011 12:00am
Gold hits record high as recession fears bite

Gold hits record high as recession fears bite

Gold prices hit fresh record highs last week during a roller-coaster week for commodities, as investors tracked growing expectations that the global economy was heading towards fresh recession. Prices took a knock on Friday along with stock markets, in pa
Published 11 Sep, 2011 12:00am
India, China to drive global gold jewellery demand higher

India, China to drive global gold jewellery demand higher

Gold demand, which dropped in the second quarter of this year, is expected to strengthen by the end of 2011, driven by robust jewellery buying in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said.
Published 11 Sep, 2011 12:00am
China 2011-12 cotton output seen at 7.4 million tonnes

China 2011-12 cotton output seen at 7.4 million tonnes

Chinese analysts expect the country's cotton output in 2011/12 crop year to be 7.4 million tonnes, 17.8 percent higher than their estimate for 2010/11, according to a survey of six analysts contacted by Reuters on Friday.
Published 11 Sep, 2011 12:00am
Australia's infrastructure snags wheat exports

Australia's infrastructure snags wheat exports

Australia's wheat export industry is still struggling from having too few grain handlers, reducing options for smaller buyers to transport wheat, said Alan Winney, chairman of one of Australia's top grain traders, Emerald Group.
Published 11 Sep, 2011 12:00am
India fluffs cotton policy, gives buyers an edge

India fluffs cotton policy, gives buyers an edge

India's fickle policy on cotton exports has hurt its role as a steady supplier of the fibre, and saddled its exporters with huge stocks they will have to sell on punitive delivery conditions at lower prices through next year.
Published 11 Sep, 2011 12:00am
Vietnam eyes record rice export

Vietnam eyes record rice export

Vietnam, the world's second-largest rice exporter after Thailand, plans to export 7 million tonnes of the grain this year, breaking its shipment record set in 2010, a state-run newspaper said on Wednesday.
Published 11 Sep, 2011 12:00am
US gold dragged down by dollar spike, profit-taking

US gold dragged down by dollar spike, profit-taking

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 11 Sep, 2011 12:00am
China chasing more tyre grade from Thailand

China chasing more tyre grade from Thailand

Main rubber consumer China was chasing more tyre grade from Thailand after improving supply prompted sellers to cut prices, but Indonesia was a bit cautious during the dry wintering season, dealers said Wednesday. Wintering has started in the southern par
Published 11 Sep, 2011 12:00am
Britain, US lost some 'moral authority' after 9/11: Cameron

Britain, US lost some 'moral authority' after 9/11: Cameron

Britain and the United States lost some of their moral authority through some of the measures they put in place after the September 11th attacks, Prime Minister David Cameron said Friday. Some measures, such as the establishment of the Guantanamo Bay dete
Published 11 Sep, 2011 12:00am
Mauritius youth protest against corruption

Mauritius youth protest against corruption

Several thousand demonstrators took to the streets in the capital of Mauritius on Saturday in a rare protest against corruption and living standards on the Indian Ocean island. About 3,000 people, many of them young, marched peacefully through the capital
Published 11 Sep, 2011 12:00am
Libyan fighters assault Bani Walid

Libyan fighters assault Bani Walid

Libyan fighters trying to capture one of Muammar Qadhafi's last strongholds battled for the desert town of Bani Walid on Saturday against stiff resistance from Qadhafi loyalists. Forces of the ruling Transitional National Council (NTC) said they had advan
Published 11 Sep, 2011 12:00am
Sudan suspends six sports newspapers

Sudan suspends six sports newspapers

Sudan will suspend six sports newspapers and issue warnings to three others, the national press council said on Saturday, for violations including encouraging violence between rival soccer teams, in the latest crackdown on the media.
Published 11 Sep, 2011 12:00am
US rocket lifts off with satellites to probe moon

US rocket lifts off with satellites to probe moon

An unmanned US rocket blasted off on Saturday from Cape Canaveral Air Force Station in Florida to deliver twin robotic probes to the moon in the hope of learning what is inside. The 124-foot (37.8-meter) booster soared off its seaside launch pad at 9:08 a
Published 11 Sep, 2011 12:00am
Russian film 'Faust' takes top prize in Venice

Russian film 'Faust' takes top prize in Venice

Russian director Alexander Sokurov's "Faust", loosely based on Goethe's classic German text, won the Golden Lion for best picture at the Venice film festival on Saturday. The best director Silver Lion went to Chinese film maker Shangjun Cai for "People Mo
Published 11 Sep, 2011 12:00am
Malema declares 'economic war' on whites

Malema declares 'economic war' on whites

The firebrand leader of the youth wing of South Africa's ruling ANC declared "economic war" on whites on Saturday, making clear he had no intention of backing down from inflammatory rhetoric on the eve of a party disciplinary hearing.
Published 11 Sep, 2011 12:00am
Israeli envoy leaves Cairo after embassy attack

Israeli envoy leaves Cairo after embassy attack

Israel flew its ambassador home from Cairo on Saturday after protesters stormed its embassy building, plunging Egypt's military rulers into their worst diplomatic crisis since they took over from Hosni Mubarak. Three people were killed and 1,049 wounded i
Published 11 Sep, 2011 12:00am
Six abducted Afghan contractors found dead

Six abducted Afghan contractors found dead

Six of nine Afghans employed by a local US-contracted building company and kidnapped earlier this week were found shot dead Saturday, a local official said. The six were among a group taken hostage on Tuesday in Logar province in the south of the war-torn
Published 11 Sep, 2011 12:00am
11 dead in China ferry sinking

11 dead in China ferry sinking

At least 11 people, including nine schoolchildren, died when an apparently overloaded ferry capsized in a river in southern China, reports said Saturday. Local authorities said 45 people, including two crew, were aboard the boat.
Published 11 Sep, 2011 12:00am
Japan's new PM suffers early blow as minister quits

Japan's new PM suffers early blow as minister quits

Japanese Prime Minister Yoshihiko Noda's new government suffered a blow on Saturday after just eight days in office when the trade minister resigned over gaffes on the sensitive topic of radiation from the tsunami-hit Fukushima plant.
Published 11 Sep, 2011 12:00am
India must boost counter-terror steps, says Manmohan

India must boost counter-terror steps, says Manmohan

Indian Prime Minister Manmohan Singh said Saturday that this week's attack in Delhi served to remind everyone that the country urgently needed to boost its intelligence gathering abilities.
Published 11 Sep, 2011 12:00am
Former Guantanamo detainee arrested in Afghanistan

Former Guantanamo detainee arrested in Afghanistan

Nato and Afghan forces have arrested a former inmate at the US military prison at Guantanamo Bay, a tribal elder said Saturday. Said Amir Jan was arrested during the same raid in which another former Guantanamo detainee was killed a week ago in the easter
Published 11 Sep, 2011 12:00am
Hundreds tourists stranded in Bulgaria over trade row

Hundreds tourists stranded in Bulgaria over trade row

Hundreds of foreign tourists are stranded at the Bulgarian Black Sea airport of Burgas after their charter flights were cancelled over a payment row between their tour operator and the flight carrier, officials said on Saturday.
Published 11 Sep, 2011 12:00am
Euro drops broadly, may stay pressured next week

Euro drops broadly, may stay pressured next week

The euro looked vulnerable in the upcoming week after falling to its lowest against the dollar in more than six months on Friday in the wake of an ECB board member's resignation and the bank's monetary policy shift to a neutral bias. Money markets have co
Published 11 Sep, 2011 12:00am
Euribor rates sink after ECB flips policy view

Euribor rates sink after ECB flips policy view

Key euro-priced bank-to-bank lending rates fell on Friday, a day after the European Central Bank unceremoniously ended its rate hike cycle and left financial markets wondering whether its next move would be a rate cut. The three-month Euribor rate - tradi
Published 11 Sep, 2011 12:00am
Euro risks fall to $1.30 as Europe struggles on debt

Euro risks fall to $1.30 as Europe struggles on debt

A darkening euro zone economic outlook, a shrinking interest rate advantage and scepticism over European authorities' ability to resolve the sovereign debt crisis have raised the risk the euro will fall towards $1.30 before year-end. The single currency h
Published 11 Sep, 2011 12:00am
African currencies outlook

African currencies outlook

Kenya's shilling is likely to firm next week after a robust response from government to try to stem its downward spiral, while its Ugandan counterpart may also be bottoming out of a long slump as soaring bond yields attract foreign buyers.
Published 11 Sep, 2011 12:00am
Speculators sharply pare bets against dollar

Speculators sharply pare bets against dollar

Currency speculators sharply 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 $3.94 billion in the week ended
Published 11 Sep, 2011 12:00am
Canadian dollar falls to near parity

Canadian dollar falls to near parity

The Canadian dollar fell to near parity with the US dollar on Friday, touching a one-month low, as global doubts about Europe's ability to resolve its debt crisis punished stock markets and sent investors to safer havens. The Canadian dollar ended the Nor
Published 11 Sep, 2011 12:00am
Wall Street tumbles

Wall Street tumbles

US stocks tumbled more than 2 percent 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.
Published 11 Sep, 2011 12:00am
TSX dives more than two percent

TSX dives more than two percent

Toronto's main stock market index tumbled along with world stocks on Friday, falling more than 2 percent as worries about Europe's festering debt problems intensified. European Central Bank board member Juergen Stark resigned in protest against the bank's
Published 11 Sep, 2011 12:00am
JGBs trim gains

JGBs trim gains

Japanese government bond futures inched up on Friday, taking their cue from a rise in US bonds, but gave up some gains with participants wary of chasing prices higher in case profit-taking emerges ahead of half-year book closings. The market took in strid
Published 11 Sep, 2011 12:00am
JGBs trim gains

JGBs trim gains

Japanese government bond futures inched up on Friday, taking their cue from a rise in US bonds, but gave up some gains with participants wary of chasing prices higher in case profit-taking emerges ahead of half-year book closings. The market took in strid
Published 11 Sep, 2011 12:00am
Restoration Hardware files for $150 million IPO

Restoration Hardware files for $150 million IPO

US furniture retailer, Restoration Hardware Holdings Inc, filed with US regulators on Friday to raise up to $150 million in an initial public offering of its common stock. A source close to the company had told Reuters a year ago that the company would ra
Published 11 Sep, 2011 12:00am
Evernote considers IPO as growth picks up

Evernote considers IPO as growth picks up

Evernote, which makes a popular app for taking notes and storing data on tablets, phones and personal computers, is considering filing for an initial public offering by the end of next year, its chief executive told Reuters on Friday. Evernote has more th
Published 11 Sep, 2011 12:00am
Turkish markets weaken

Turkish markets weaken

The Turkish lira weakened against the dollar, following the depreciation of the euro after news about Executive Board Member Juergen Stark's retirement from the ECB while bond yields rose as higher-than-expected industrial output stoked investor worries o
Published 11 Sep, 2011 12:00am
Latam stock sink

Latam stock sink

Latin American shares sank on Friday as global equity markets tanked on fears a Greek default could hobble major European banks and deepen a global economic slowdown. The MSCI Latin American stock index fell 3.56 percent in its largest one-day percentage
Published 11 Sep, 2011 12:00am
Indian bond yields inch up

Indian bond yields inch up

Indian federal bond yields inched up on Friday, tracking the rise in their US counterparts, with the market divided over the Reserve Bank of India's possible rate action next week. US Treasuries slipped in Europe as markets readied for new issuance next w
Published 11 Sep, 2011 12:00am
Previous Day