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Archive - 2011-10-03
HP gains control of Autonomy
Industry

HP gains control of Autonomy

NEW YORK : Hewlett-Packard said Monday that it has closed its $10.24 billion purchase of British software company Autono
Published 03 Oct, 2011 10:18pm
NZ business confidence eases in Q3
Top News

NZ business confidence eases in Q3

WELLINGTON : New Zealand business confidence eased in the three months to September and the central bank can afford to
Published 03 Oct, 2011 09:09pm
Zloty jumps on intervention
Financial

Zloty jumps on intervention

BUDAPEST : The Polish zloty gained sharply on Monday after the central bank again stepped into the market but later lost
Published 03 Oct, 2011 05:40pm
Prelle rejoins UBS as chairman
Europe

Prelle rejoins UBS as chairman

LONDON : Dealmaker Hermann Prelle has rejoined UBS as chairman of mergers and acquisitions for Europe , the Middle Eas
Published 03 Oct, 2011 04:04pm
SECP seeks comments on draft
Top News

SECP seeks comments on draft

KARACHI : The Securities and Exchange Commission of Pakistan (SECP) has sought objections or suggestions from stakehol
Published 03 Oct, 2011 02:43pm
ISE witnesses bearish trend
Markets

ISE witnesses bearish trend

ISLAMABAD : Islamabad Stock Exchange (ISE-10) on Monday witnessed bearish trend as the index fell to 5.45 points to cl
Published 03 Oct, 2011 02:30pm
KBP for fixing support price of rice
Top News

KBP for fixing support price of rice

LAHORE: Kisan Board Pakistan (KBP) has demanded the government immediately fix the support price of non-basmati at Rs 12
Published 03 Oct, 2011 02:13pm
Gold improves to Rs 47,828
Markets

Gold improves to Rs 47,828

KARACHI: Gold surged by Rs 600 to Rs 47,828 per 10 grams in the local market Monday, as its international price improved
Published 03 Oct, 2011 02:12pm
Gas suspension to increase urea shortage
Top News

Gas suspension to increase urea shortage

LAHORE : A huge urea shortage will happen in the next couple of months if the government does not provide gas to fertili
Published 03 Oct, 2011 12:54pm
India to support Pakistan at WTO: Faheem
Top News

India to support Pakistan at WTO: Faheem

ISLAMABAD: Federal Minister for Trade Makhdoom Ameen Faheem on Monday said that India will support Pakistan at World Tra
Published 03 Oct, 2011 10:50am
Two dead in Afghan blast near minister
Top News

Two dead in Afghan blast near minister

KANDAHAR: A suicide bomber killed two civilians in southern Afghanistan on Monday in what an Afghan minister claimed was
Published 03 Oct, 2011 08:19am
Australian manufacturing slides again
Top News

Australian manufacturing slides again

SYDNEY: Australian manufacturing slumped for a third consecutive month Monday, intensifying pressure for Canberra to sup
Published 03 Oct, 2011 06:32am
Petrol prices rise has rationale
BR Research

Petrol prices rise has rationale

Petrol prices currently are at the highest level ever witnessed in Pakistan after the recent increase of 4.9 percent over the previous month
Published 03 Oct, 2011 12:00am
PIA- Handle with care
BR Research

PIA- Handle with care

It seems that whenever Pakistan International Airline (PIA) moves to make a new business deal it generates controversy more than business. L
Published 03 Oct, 2011 12:00am
Palestinians unhappy with Tony Blair

Palestinians unhappy with Tony Blair

Palestinian officials are going public with long-whispered complaints that international Middle East peace envoy Tony Blair, the former British prime minister, is biased towards Israel.
Published 03 Oct, 2011 12:00am
Palestinians unhappy with Tony Blair

Palestinians unhappy with Tony Blair

Palestinian officials are going public with long-whispered complaints that international Middle East peace envoy Tony Blair, the former British prime minister, is biased towards Israel.
Published 03 Oct, 2011 12:00am
Raymond Davis charged in Colorado

Raymond Davis charged in Colorado

Raymond Davis, who was working as a U.S. security contractor, shot and killed two men in Pakistan earlier this year, arrested on Saturday in Highlands Ranch, Colorado, after an altercation over a parking spot.
Published 03 Oct, 2011 12:00am
Raymond Davis charged in Colorado

Raymond Davis charged in Colorado

Raymond Davis, who was working as a U.S. security contractor, shot and killed two men in Pakistan earlier this year, arrested on Saturday in Highlands Ranch, Colorado, after an altercation over a parking spot.
Published 03 Oct, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee managed to post recoveries against both dollar and euro during the week ended on October 1, 2011. In the interbank dealings, the rupee inched up by 16 paisa versus dollar for buying and selling at 87.44 and 87.49.
Published 03 Oct, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee managed to post recoveries against both dollar and euro during the week ended on October 1, 2011. In the interbank dealings, the rupee inched up by 16 paisa versus dollar for buying and selling at 87.44 and 87.49.
Published 03 Oct, 2011 12:00am
Islamabad rejects Kabul's allegations

Islamabad rejects Kabul's allegations

Pakistan on Sunday strongly rejected the baseless allegations of the Afghan Interior Minister that ISI is involved in the assassination of Prof. Burhanuddin Rabbani, who was the chairman of the Afghan High Peace Council. A Foreign Ministry's statement iss
Published 03 Oct, 2011 12:00am
Islamabad rejects Kabul's allegations

Islamabad rejects Kabul's allegations

Pakistan on Sunday strongly rejected the baseless allegations of the Afghan Interior Minister that ISI is involved in the assassination of Prof. Burhanuddin Rabbani, who was the chairman of the Afghan High Peace Council. A Foreign Ministry's statement iss
Published 03 Oct, 2011 12:00am
Rabbani's killer was Pakistani: Karzai reviews Taliban peace strategy

Rabbani's killer was Pakistani: Karzai reviews Taliban peace strategy

Afghan President Hamid Karzai is reviewing his strategy for making peace with the Taliban after his top peace envoy was murdered, a spokesman said Sunday, as officials said the killer was Pakistani. Karzai's pointman on Taliban talks, High Peace Council c
Published 03 Oct, 2011 12:00am
Rabbani's killer was Pakistani: Karzai reviews Taliban peace strategy

Rabbani's killer was Pakistani: Karzai reviews Taliban peace strategy

Afghan President Hamid Karzai is reviewing his strategy for making peace with the Taliban after his top peace envoy was murdered, a spokesman said Sunday, as officials said the killer was Pakistani. Karzai's pointman on Taliban talks, High Peace Council c
Published 03 Oct, 2011 12:00am
Yemeni jet mistakenly bombs army post, kills 30

Yemeni jet mistakenly bombs army post, kills 30

A government warplane mistakenly bombed an army position in southern Yemen, killing at least 30 soldiers and wounding many more, military and medical officials said Sunday. The officials said the bombing, which took place on Saturday evening in the southe
Published 03 Oct, 2011 12:00am
Yemeni jet mistakenly bombs army post, kills 30

Yemeni jet mistakenly bombs army post, kills 30

A government warplane mistakenly bombed an army position in southern Yemen, killing at least 30 soldiers and wounding many more, military and medical officials said Sunday. The officials said the bombing, which took place on Saturday evening in the southe
Published 03 Oct, 2011 12:00am
Curbing oil, gas theft: Bill to be tabled in National Assembly today

Curbing oil, gas theft: Bill to be tabled in National Assembly today

-The government on Monday will introduce 'Criminal Law Amendment Bill, 2011' to curb theft of oil and gaas in the country, it learnt. According to National Assembly Secretariat sources, the government will introduce a bill seeking amendments in Pakistan P
Published 03 Oct, 2011 12:00am
Curbing oil, gas theft: Bill to be tabled in National Assembly today

Curbing oil, gas theft: Bill to be tabled in National Assembly today

-The government on Monday will introduce 'Criminal Law Amendment Bill, 2011' to curb theft of oil and gaas in the country, it learnt. According to National Assembly Secretariat sources, the government will introduce a bill seeking amendments in Pakistan P
Published 03 Oct, 2011 12:00am
Curbing oil, gas theft: Bill to be tabled in National Assembly today

Curbing oil, gas theft: Bill to be tabled in National Assembly today

-The government on Monday will introduce ''Criminal Law Amendment Bill, 2011'' to curb theft of oil and gaas in the country, it learnt. According to National Assembly Secretariat sources, the government will introduce a bill seeking amendments in Pakistan
Published 03 Oct, 2011 12:00am
Equities maintain uptrend

Equities maintain uptrend

Karachi equity market maintained positive momentum throughout the week ended on October 1, 2011 supported by heavy buying in oil and fertiliser sectors by local investors. According to analysts, expected cut in key policy rate by 50 basis points was also
Published 03 Oct, 2011 12:00am
Equities maintain uptrend

Equities maintain uptrend

Karachi equity market maintained positive momentum throughout the week ended on October 1, 2011 supported by heavy buying in oil and fertiliser sectors by local investors. According to analysts, expected cut in key policy rate by 50 basis points was also
Published 03 Oct, 2011 12:00am
Equities maintain uptrend

Equities maintain uptrend

Karachi equity market maintained positive momentum throughout the week ended on October 1, 2011 supported by heavy buying in oil and fertiliser sectors by local investors. According to analysts, expected cut in key policy rate by 50 basis points was also
Published 03 Oct, 2011 12:00am
End of loadshedding: people to hear good news today: Gilani

End of loadshedding: people to hear good news today: Gilani

Prime Minister Yousuf Raza Gilani has said that the government is holding an energy conference in Islamabad on Monday, and the people will hear good news about overcoming the electricity loadshedding in the country. Talking to newsmen at his residence her
Published 03 Oct, 2011 12:00am
End of loadshedding: people to hear good news today: Gilani

End of loadshedding: people to hear good news today: Gilani

Prime Minister Yousuf Raza Gilani has said that the government is holding an energy conference in Islamabad on Monday, and the people will hear good news about overcoming the electricity loadshedding in the country. Talking to newsmen at his residence her
Published 03 Oct, 2011 12:00am
End of loadshedding: people to hear good news today: Gilani

End of loadshedding: people to hear good news today: Gilani

Prime Minister Yousuf Raza Gilani has said that the government is holding an energy conference in Islamabad on Monday, and the people will hear good news about overcoming the electricity loadshedding in the country. Talking to newsmen at his residence her
Published 03 Oct, 2011 12:00am
Record power shortfall triggers protests across Punjab

Record power shortfall triggers protests across Punjab

The electricity shortfall between demand and supply soared up to 8,600 MW on Sunday, triggering widespread violent protests in the country, which forced police to resort to tear gas shelling at some places to protect life and property of people.
Published 03 Oct, 2011 12:00am
Record power shortfall triggers protests across Punjab

Record power shortfall triggers protests across Punjab

The electricity shortfall between demand and supply soared up to 8,600 MW on Sunday, triggering widespread violent protests in the country, which forced police to resort to tear gas shelling at some places to protect life and property of people.
Published 03 Oct, 2011 12:00am
Record power shortfall triggers protests across Punjab

Record power shortfall triggers protests across Punjab

The electricity shortfall between demand and supply soared up to 8,600 MW on Sunday, triggering widespread violent protests in the country, which forced police to resort to tear gas shelling at some places to protect life and property of people.
Published 03 Oct, 2011 12:00am
US senators court 2012 voters with China currency bill

US senators court 2012 voters with China currency bill

For US lawmakers eyeing their re-election prospects next year, this week provides a chance to show they mean business about cracking down on China's currency practices and returning jobs to America.
Published 03 Oct, 2011 12:00am
Syrian opposition forms united front against Assad regime

Syrian opposition forms united front against Assad regime

Syrian opposition movements announced the formation of a "historic" united front against President Bashar al-Assad's regime at a meeting in Turkey on Sunday. Syrian troops, meanwhile, have taken control of the central city of Rastan after sending in 250 t
Published 03 Oct, 2011 12:00am
Syrian opposition forms united front against Assad regime

Syrian opposition forms united front against Assad regime

Syrian opposition movements announced the formation of a "historic" united front against President Bashar al-Assad's regime at a meeting in Turkey on Sunday. Syrian troops, meanwhile, have taken control of the central city of Rastan after sending in 250 t
Published 03 Oct, 2011 12:00am
Pak-Afghan highway closed for traffic

Pak-Afghan highway closed for traffic

Drivers of containers and trucks supplying goods for Nato troops blocked Pak-Afghan highway on Sunday. According to the details, drivers of containers and trucks supplying goods to Nato forces in Afghanistan blocked national highway along Pak-Afghan borde
Published 03 Oct, 2011 12:00am
Pak-Afghan highway closed for traffic

Pak-Afghan highway closed for traffic

Drivers of containers and trucks supplying goods for Nato troops blocked Pak-Afghan highway on Sunday. According to the details, drivers of containers and trucks supplying goods to Nato forces in Afghanistan blocked national highway along Pak-Afghan borde
Published 03 Oct, 2011 12:00am
British Prime Minister warns eurozone could blight world economy

British Prime Minister warns eurozone could blight world economy

British Prime Minister David Cameron said Sunday that the eurozone had to get on with fixing its financial problems or risk pulling down the entire world economy. Speaking in Manchester, north-west England, before the start of his governing Conservative P
Published 03 Oct, 2011 12:00am
British Prime Minister warns eurozone could blight world economy

British Prime Minister warns eurozone could blight world economy

British Prime Minister David Cameron said Sunday that the eurozone had to get on with fixing its financial problems or risk pulling down the entire world economy. Speaking in Manchester, north-west England, before the start of his governing Conservative P
Published 03 Oct, 2011 12:00am
British Prime Minister warns eurozone could blight world economy

British Prime Minister warns eurozone could blight world economy

British Prime Minister David Cameron said Sunday that the eurozone had to get on with fixing its financial problems or risk pulling down the entire world economy. Speaking in Manchester, north-west England, before the start of his governing Conservative P
Published 03 Oct, 2011 12:00am
Energy conference: Today's moot to help cut power outages: minister

Energy conference: Today's moot to help cut power outages: minister

Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said that energy conference would be held on Monday in Islamabad for formulating a strategy for getting rid of electricity load shedding. Chief ministers of Sindh, Punjab, Balochist
Published 03 Oct, 2011 12:00am
Firdous regrets Shahbaz's statement

Firdous regrets Shahbaz's statement

Federal Minister for Information and Broadcasting Dr. Firdous Ashiq Awan said on Sunday that it did not matter if someone including Shahbaz Sharif accepted Asif Ali Zardari as President or not. Talking to a private news channel, she said Chief Minister of
Published 03 Oct, 2011 12:00am
PML-N CWC meeting today

PML-N CWC meeting today

The first meeting of Pakistan Muslim League (N) (PML-N) Central Working Committee (CWC) to be held here on Monday (today).
Published 03 Oct, 2011 12:00am
Abducted Karachi girl recovered from Dukki

Abducted Karachi girl recovered from Dukki

Levies Force has recovered a girl from Dukki who had been kidnapped from Karachi. "Acting on a tip-off, a Levies Force team headed by Assistant Commissioner Dukki raided a house in Killi Malaya Chan of Dukki tehsil and recovered a 16-year-old girl who had
Published 03 Oct, 2011 12:00am
Independent state: Pakistan fully supports Palestinians' demand: Naek

Independent state: Pakistan fully supports Palestinians' demand: Naek

Chairman Senate Farooq H. Naek on Sunday said that Pakistan fully supported Palestinians' demand for an independent state with Al-Quds as its capital. He said this while addressing the 5th International Conference on Palestinian Intifada in Tehran (Iran),
Published 03 Oct, 2011 12:00am
Provision of healthy environment: Wasa to spend Rs 12.5 million

Provision of healthy environment: Wasa to spend Rs 12.5 million

Wasa would spend around Rs 12.5 million on the removal of a pond established at Railway Land at Jamilabad and Punjab government would not make any request to the Federal Government in this regard. This step of Punjab government will ease the public from d
Published 03 Oct, 2011 12:00am
Tax collection limping with launch of WeBOC

Tax collection limping with launch of WeBOC

The launch of Web Based One Customs (WeBOC), to replace Pakistan Automated Customs Computerised System (PaCCS) would send Federal Board of Revenue's (FBR's) tax collection endeavours limping.
Published 03 Oct, 2011 12:00am
Appointment letters issued to 100 nurses

Appointment letters issued to 100 nurses

On special directions of Punjab Chief Minister, Muhammad Shahbaz Sharif, Punjab Health Department has issued appointment letters to newly-recruited 100 nurses for Services Hospital Lahore to combat the menace of dengue virus in an effective manner.
Published 03 Oct, 2011 12:00am
Mass protests against rampant power loadshedding

Mass protests against rampant power loadshedding

Rampant load shedding of electricity has caused mass protests across Faisalabad Division, which was not only breaking the back of already crippled business activities, but also created severe problems for the citizens who are facing unscheduled electricit
Published 03 Oct, 2011 12:00am
Durrani to take over as IB chief today

Durrani to take over as IB chief today

The newly appointed chief of the Intelligence Bureau (IB), Wajid Durrani, will assume the charge as head of the agency on Monday (today). The newly appointed Director-General was working as Inspector General of Sindh, who has succeeded Javed Noor, who ret
Published 03 Oct, 2011 12:00am
Musharraf condemns workers' arrest

Musharraf condemns workers' arrest

Former President and chief of All Pakistan Muslim League (APML), Pervez Musharraf, has strongly condemned the arrest of party workers in Lahore. Musharraf dubbed the arrests of Abdullah Sardar and Mobashir Ahmad by the Punjab government as undemocratic an
Published 03 Oct, 2011 12:00am
Trade volume fluctuates affecting phutti prices, spot rate modestly

Trade volume fluctuates affecting phutti prices, spot rate modestly

Rains have started behaving providing sellers lead to go ahead, but the manipulations have once again forcing cotton prices to inch up. Spot rate on the opening day at Rs 6300 was up seen at Rs 6400 on Thursday but was brought down to Rs 6300 on Saturday.
Published 03 Oct, 2011 12:00am
Trade volume fluctuates affecting phutti prices, spot rate modestly

Trade volume fluctuates affecting phutti prices, spot rate modestly

Rains have started behaving providing sellers lead to go ahead, but the manipulations have once again forcing cotton prices to inch up. Spot rate on the opening day at Rs 6300 was up seen at Rs 6400 on Thursday but was brought down to Rs 6300 on Saturday.
Published 03 Oct, 2011 12:00am
Over 200,000 SIM cards in IHK blocked

Over 200,000 SIM cards in IHK blocked

Two major cellular companies operating in the held Kashmir Valley have barred over 200,000 prepaid Subscriber Identification Module (SIM) cards. Telecom company AirTel sources said that they also had to bar over 50,000 SIM cards after the documentation re
Published 03 Oct, 2011 12:00am
Four youth martyred in Kupwara military operation

Four youth martyred in Kupwara military operation

Indian troops in their fresh act of state terrorism martyred four more Kashmiri youth in Kupwara district, Indian Occupied Kashmir. The troops during violent military operation killed the youth in Keran area of the district. Indian army claimed that the m
Published 03 Oct, 2011 12:00am
Failure in Afghanistan: US using Pakistan as scapegoat: Musharraf

Failure in Afghanistan: US using Pakistan as scapegoat: Musharraf

Former president and All Pakistan Muslim League (APML) chief Pervez Musharraf has said that the United States is using Pakistan as a scapegoat for its failure in Afghanistan. In an exclusive video link interview with a private news channel, Pervez Musharr
Published 03 Oct, 2011 12:00am
Country needs new income tax law: PEW

Country needs new income tax law: PEW

The Pakistan Economy Watch (PEW) on Sunday said that existing income tax laws have failed to deliver. Therefore, country needs new and simple income tax law that is easily comprehensible, business friendly, fair and acceptable to all the stakeholders.
Published 03 Oct, 2011 12:00am
PSW proposes limits on sending SMS

PSW proposes limits on sending SMS

The Pakistan Society Watch (PSW) on Sunday demanded limits on sending text messages so that millions of subscribers receiving unwanted messages could get some relief. Millions of text messages are sent and received daily which help officials to claim achi
Published 03 Oct, 2011 12:00am
Parliamentarians leave for Canada

Parliamentarians leave for Canada

A parliamentary delegation headed by Speaker Balochistan Assembly Muhammad Aslam Bhootani has left for Canada for study tour. According to a press release issued here on Sunday, the delegation includes legislators from National Assembly, and provincial as
Published 03 Oct, 2011 12:00am
Mohsin Aziz takes over charge as Aptma chairman

Mohsin Aziz takes over charge as Aptma chairman

Mohsin Aziz has taken over the charge of the office of Chairman of All Pakistan Textile Mills Association (APTMA) for the term 2011-12 in the 53rd Annual General Meeting (AGM) of the Association held on September 30 simultaneously in Karachi, Lahore and I
Published 03 Oct, 2011 12:00am
Officials castigated for loadshedding

Officials castigated for loadshedding

Punjab Assembly Deputy Speaker Mashhood Ahmed Khan on Sunday castigated officials for unending load shedding, resulting in misery of dengue patients and hospital machinery in fighting against the menace. He said that price hike of petrol and electricity a
Published 03 Oct, 2011 12:00am
Matric supple exam from October 8

Matric supple exam from October 8

The Multan Board of Intermediate and Secondary Education has announced schedule for matriculation supplementary examination to be held from October 8. Roll number slips for private candidates have been issued and those would not receive slips till October
Published 03 Oct, 2011 12:00am
Holding disability survey: DGSE starts negotiations with Jica

Holding disability survey: DGSE starts negotiations with Jica

Directorate General of Special Education (DGSE) is negotiating with Japan International Co-operation Agency (Jica) for conducting a fresh survey of persons with disability in the country. Director General Special Education Mutafain Kazmi told APP on Sunda
Published 03 Oct, 2011 12:00am
National Assembly Speaker leaves for an official visit to Malaysia

National Assembly Speaker leaves for an official visit to Malaysia

The Speaker of the National Assembly, Dr. Fehmida Mirza has proceeded on a five-day official visit to Malaysia on Sunday. During her stay in Malaysia, Dr. Fehmida Mirza will hold separate meetings with the Chairman Senate, Speaker of the National Assembly
Published 03 Oct, 2011 12:00am
'POL prices hike termed petrol-diesel bomb'

'POL prices hike termed petrol-diesel bomb'

People here have rejected the recent enhancement in POL prices describing it 'dropping petrol-diesel bomb' on consumers. They organised a big rally at Chungi no. 9 under the auspices of Mutahidda Shehri Mahaz led by Tariq Naeemullah Khan. The demonstrator
Published 03 Oct, 2011 12:00am
Power crisis creates serious problems for exporters: SCCI

Power crisis creates serious problems for exporters: SCCI

Newly-elected President of Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Naeem Qureshi said that all modes and channels would be mobilised to resolve the problems being confronted by the business community of this export-oriented and hub of cot
Published 03 Oct, 2011 12:00am
Punjab government spends Rs 13 billion on women welfare

Punjab government spends Rs 13 billion on women welfare

The Punjab government is spending a sum of Rs 13 billion on women welfare projects during the current fiscal year. Women who are 53 percent of the total population have not been given due attention during the last 63 years, official sources told APP here
Published 03 Oct, 2011 12:00am
Indonesian medical team visits Lahore

Indonesian medical team visits Lahore

A 20-member delegation headed by Dr Rita Kusriastuti of Health Ministry of Indonesia, came to Lahore on the invitation of Punjab Chief Minister Muhammad Shahbaz Sharif, Sunday visited Mayo, Ganga Ram, Services and Children hospitals and in addition to rev
Published 03 Oct, 2011 12:00am
Chief minister Punjab assures family of rape victim justice

Chief minister Punjab assures family of rape victim justice

Punjab Chief Minister Shahbaz Sharif visited on Sunday the home of a rape victim and assured the family that the culprits responsible for the crime would be punished. He said that he wished that the main culprit in the case had not been granted bail by th
Published 03 Oct, 2011 12:00am
'Rs 450 million provided to city district government for spray'

'Rs 450 million provided to city district government for spray'

Provincial Minister for Education, Mujtaba Shuja-ur-Rehman has said that Rs 450 million have been provided to city district government for spray so that complaint regarding not carrying out spray would not be tolerated.
Published 03 Oct, 2011 12:00am
'Babar Awan is a classical turncoat'

'Babar Awan is a classical turncoat'

Parliamentary Secretary for Health Dr Saeed Elahi has said on Sunday that Dr Babar Awan is a classical turncoat whose shameless journey from a Bhutto hater to Zardari lover speaks volumes of his character. His statement over dengue epidemic amounts to inj
Published 03 Oct, 2011 12:00am
PEF-partner schools: 'Comprehensive policy evolved to ensure safety'

PEF-partner schools: 'Comprehensive policy evolved to ensure safety'

Punjab Education Foundation (PEF) has evolved a comprehensive policy to ensure safety of life of partner school students during the study tours. This was stated by Chairman Punjab Education Foundation, Raja Muhammad Anwar while presiding over a meeting at
Published 03 Oct, 2011 12:00am
Newly elected MCCI body takes charge

Newly elected MCCI body takes charge

The newly elected body of Multan Chamber of Commerce and Industry (MCCI) led by its president Mian Anis Ahmad Sheikh took charge of the MCCI for year 2011-12. The president MCCI and Senior Vice President Khawaja Muhammad Hussain expressed their resolve to
Published 03 Oct, 2011 12:00am
Mobile phone sale touches one million mark

Mobile phone sale touches one million mark

The development of telecom sector has resulted in a surge in the sale of mobile handsets in Pakistan, reaching the mark of around one million per month. There is a flood of different mobile handsets in the market, especially Chinese sets are the most favo
Published 03 Oct, 2011 12:00am
Teachers to stage protest at NPC today

Teachers to stage protest at NPC today

The college teachers working under the set up of Federal Directorate of Education (FDE) would stage a protest demonstration in front of National Press Club today against non-upgradation of their scales. The teachers have been on their protest and wearing
Published 03 Oct, 2011 12:00am
Fourth Pak Security moot on October 4

Fourth Pak Security moot on October 4

The fourth Pakistan Security Conference is being organised by Messe International in collaboration with Federation of All Pakistan Chambers of Commerce and Industries (FPCCI) and All Pakistan Security Association on October 4 at Federation House (Clifton)
Published 03 Oct, 2011 12:00am
UAE activists boycott 'unfair' trial

UAE activists boycott 'unfair' trial

Five pro-democracy activists alleging mistreatment refused to appear in an Emirati court on Sunday as their trial resumed in a hearing which was open to the public for the first time. The police officer in charge of bringing the five defendants to the hea
Published 03 Oct, 2011 12:00am
Roadside bomb kills nine Afghan army soldiers

Roadside bomb kills nine Afghan army soldiers

A roadside bomb exploded near a patrolling convoy of the Afghan national army in south-eastern Afghanistan, killing nine soldiers and injuring four others, a government spokesman said Sunday. The soldiers were searching for a bomb hidden by the insurgents
Published 03 Oct, 2011 12:00am
Saudi Arabia tries seven al Qaeda-linked suspects

Saudi Arabia tries seven al Qaeda-linked suspects

Saudi Arabia is trying seven Saudis accused of creating an al Qaeda-linked "terror cell" and setting up a training camp on the mountains near the country's southern border with Yemen, al-Watan daily newspaper said on Sunday. The trial is taking place in a
Published 03 Oct, 2011 12:00am
Shortages 'killing patients' in Libya sieged city hospital

Shortages 'killing patients' in Libya sieged city hospital

People wounded in fighting in Libya's besieged city of Sirte are dying on the operating table because fuel for the hospital generator has run out, medical workers fleeing a worsening humanitarian crisis in the city said on Sunday.
Published 03 Oct, 2011 12:00am
Hugo Chavez sends solidarity to Qadhafi, Syria

Hugo Chavez sends solidarity to Qadhafi, Syria

Venezuelan President Hugo Chavez said on Saturday he was praying for Libya's deposed leader Muammar Qadhafi and also sent a message of solidarity to Syrian President Bashar al-Assad against "Yankee" aggression.
Published 03 Oct, 2011 12:00am
Spain judge frees five suspected of financing terror

Spain judge frees five suspected of financing terror

A Spanish judge has freed five Algerians arrested on suspicion of financing an al Qaida-linked group in North Africa, citing a lack of evidence. But the judge also ordered the men to stay in Spain and report to judicial authorities twice a month.
Published 03 Oct, 2011 12:00am
Egypt parties to review army vote concessions

Egypt parties to review army vote concessions

Egyptian political parties, seeking to keep former allies of deposed President Hosni Mubarak out of parliament, meet on Sunday to review concessions on election rules offered by the military. The ruling army council said it would amend a law banning parti
Published 03 Oct, 2011 12:00am
Mubarak never told army to fire on crowds, says Tantawi

Mubarak never told army to fire on crowds, says Tantawi

Ousted president Hosni Mubarak never ordered the army to open fire on demonstrators calling for an end to his rule, Egypt's military ruler Field Marshal Hussein Tantawi said on Sunday. "The armed forces fight for Egypt and not for just anyone, whoever it
Published 03 Oct, 2011 12:00am
Israel accepts Quartet call for peace talks

Israel accepts Quartet call for peace talks

Israel accepted on Sunday a call by international mediators to resume peace talks with the Palestinians, who quickly reaffirmed their refusal to negotiate until settlement-building stops on land they seek for state.
Published 03 Oct, 2011 12:00am
Arabs urged to help Palestinians beat US aid cut

Arabs urged to help Palestinians beat US aid cut

The Arab League appealed to member states Sunday to bolster financial help to the Palestinian territories after US lawmakers froze about $200 million in aid in response to Palestinians' UN statehood bid.
Published 03 Oct, 2011 12:00am
19 killed in communal clashes in north Nigeria

19 killed in communal clashes in north Nigeria

Authorities say 19 people are dead after communal clashes in a village in Nigeria's north. Zamfara state police spokesman Sunusi Amiru said Sunday that the attack happened early that morning in the village of Lingyado. A local elder said about 150 attacke
Published 03 Oct, 2011 12:00am
Ahmadinejad offers 'simple' solution for Palestinians

Ahmadinejad offers 'simple' solution for Palestinians

Iranian President Mahmoud Ahmadinejad on Sunday proposed a "simple solution" to the Palestinian-Israeli conflict under which "everyone should go to his home." "If the backers of the Zionist regime want to solve the issue... the solution is simple ... ever
Published 03 Oct, 2011 12:00am
Recovery next year for world stocks after dire 2011

Recovery next year for world stocks after dire 2011

World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red.
Published 03 Oct, 2011 12:00am
AsiaPac third quarter stock sales plunge

AsiaPac third quarter stock sales plunge

Stock offerings in Asia Pacific tumbled to a two-year low in the third quarter, with no end in sight for the grim outlook as investors remain wary of equity markets because of lingering concerns over Europe's debt troubles and the US economy.
Published 03 Oct, 2011 12:00am
Tokyo stocks to keep eye on US jobs data, Europe

Tokyo stocks to keep eye on US jobs data, Europe

Tokyo stocks will be constrained in the coming week as cautious investors look to avoid risk ahead of key US jobs data, while Europe's protracted efforts to address its debt crisis continue.
Published 03 Oct, 2011 12:00am
South Korea KOSPI shares seen nearly flat in 2011

South Korea KOSPI shares seen nearly flat in 2011

South Korea's key share index is seen making only modest gains this year as persistent debt problems in Europe and a weakening global economic outlook keep investors cautious, a Reuters poll found.
Published 03 Oct, 2011 12:00am
FTSE seen falling sharply on the year

FTSE seen falling sharply on the year

Britain's top share index is expected to register a drop of nearly 11 percent on the year as investors focus on the eurozone debt situation and its potential to wreak havoc on the financial system. Median forecasts of 22 equity strategists from a survey t
Published 03 Oct, 2011 12:00am
Hong Kong Hang Seng end-11 view slashed

Hong Kong Hang Seng end-11 view slashed

Hong Kong shares will end the year down more than 20 percent, closing 2011 around current levels, held back by the eurozone debt crisis and slowing global growth, a Reuters poll showed on Thursday.
Published 03 Oct, 2011 12:00am
Slowing China growth to cap gains in Shanghai stocks

Slowing China growth to cap gains in Shanghai stocks

China's slowing growth and stubbornly high inflation means Shanghai shares will rise by less than seen three months ago, a quarterly Reuters poll showed. China's benchmark Shanghai Composite Index is seen ending the year at 2,600 points, up 10 percent fro
Published 03 Oct, 2011 12:00am
Europe funds keep allocations defensive

Europe funds keep allocations defensive

European investors slightly raised stock holdings in September after a sharp risk retreat last month but kept overall portfolios very defensive as concerns about the eurozone crisis persisted, a Reuters poll showed on Thursday. The survey of 17 Europe-bas
Published 03 Oct, 2011 12:00am
Europe funds keep allocations defensive

Europe funds keep allocations defensive

European investors slightly raised stock holdings in September after a sharp risk retreat last month but kept overall portfolios very defensive as concerns about the eurozone crisis persisted, a Reuters poll showed on Thursday. The survey of 17 Europe-bas
Published 03 Oct, 2011 12:00am
Abu Dhabi's TAQA sets up 3.5 billion ringgit programme

Abu Dhabi's TAQA sets up 3.5 billion ringgit programme

Abu Dhabi National Energy Co (TAQA) plans to tap the Malaysian sukuk market with a 3.5 billion ringgit ($1.1 billion) Islamic bond, or sukuk, programme, the company said in a bourse statement on Sunday. The bond programme is pending regulatory approval. T
Published 03 Oct, 2011 12:00am
Abu Dhabi's TAQA sets up 3.5 billion ringgit programme

Abu Dhabi's TAQA sets up 3.5 billion ringgit programme

Abu Dhabi National Energy Co (TAQA) plans to tap the Malaysian sukuk market with a 3.5 billion ringgit ($1.1 billion) Islamic bond, or sukuk, programme, the company said in a bourse statement on Sunday. The bond programme is pending regulatory approval. T
Published 03 Oct, 2011 12:00am
India's BSE index set for rare annual decline

India's BSE index set for rare annual decline

India's main stock index is headed for only its third annual decline in a decade as renewed fears about the health of the global economy, along with high domestic inflation and rising interest rates, dent investor appetite, a Reuters poll showed. The 30-
Published 03 Oct, 2011 12:00am
China property tax could go nation-wide

China property tax could go nation-wide

A pilot programme to levy property taxes, the first of its kind in China, is helping cool price rises in Chongqing and will eventually be extended to the rest of the country, the mayor of the country's biggest municipality told Reuters.
Published 03 Oct, 2011 12:00am
Growth in major Gulf Arab states to slow in 2012

Growth in major Gulf Arab states to slow in 2012

Economic growth in key Gulf Arab states will slow markedly next year because of a sluggish global economy but remain well above recessionary levels, a Reuters poll showed on September 28.
Published 03 Oct, 2011 12:00am
Asian tech firms face stiff challenge in mobile systems

Asian tech firms face stiff challenge in mobile systems

Mobile operating systems developed by Asia's top technology firms will at best only chip away market share from dominant leaders Google's Android and Apple's iOS. And such a scenario would only be possible if these companies, such as China's Baidu Inc and
Published 03 Oct, 2011 12:00am
Best Buy sets out to win phone-wielding shoppers

Best Buy sets out to win phone-wielding shoppers

Best Buy Co is counting on competitive pricing, new products like the Apple iPhone 5 and more advertising to bring shoppers through the door this holiday season. The largest US consumer electronics chain is not, however, counting on any help from the econ
Published 03 Oct, 2011 12:00am
Denmark levies world's first fat tax

Denmark levies world's first fat tax

Denmark Saturday became the first country in the world to impose a fat tax after a week in which consumers hoarded butter, pizza, meat and milk to avoid the immediate effects. "We have had to stock up with tonnes of butter and margarine in order to be abl
Published 03 Oct, 2011 12:00am
Gazprom sees no Ukraine gas war, no China deal

Gazprom sees no Ukraine gas war, no China deal

Gazprom's export chief rejected suggestions on September 27 that a Ukrainian demand for price concessions would lead to a new "gas war", even while Russia's gas export monopoly drives a hard bargain with struggling European consumers and gas hungry China.
Published 03 Oct, 2011 12:00am
Aegon mulls acquisitions in key Asian, European markets

Aegon mulls acquisitions in key Asian, European markets

Dutch insurer Aegon wants to expand in its key Asian, central and east European markets, and would consider acquisitions, including buying assets from Dutch bancassurer ING , Aegon chief executive Alex Wynaendts said on September 27. Aegon, which received
Published 03 Oct, 2011 12:00am
South Sudan sets exchange rate target band

South Sudan sets exchange rate target band

South Sudan wants to stop the pound weakening by setting an exchange rate target of 2.9-3.3 against the dollar and will intervene to ensure the currency stays in that band, a senior government official said on September 27.
Published 03 Oct, 2011 12:00am
India's supermarket foreign investment plan moving 'very fast'

India's supermarket foreign investment plan moving 'very fast'

India is moving quickly on a plan to open its $450 billion retail sector to global players such as Wal-Mart , the country's industry secretary said on Wednesday, in a sign the government may be pressing ahead with a key reform.
Published 03 Oct, 2011 12:00am
Brazil to sell debt despite global crisis

Brazil to sell debt despite global crisis

Brazil plans to tap foreign debt markets before year-end despite the global financial turmoil, the country's treasury secretary told Reuters. The worsening global outlook has caught up with Latin America's largest economy this month, battering Brazil's eq
Published 03 Oct, 2011 12:00am
Brazil to sell debt despite global crisis

Brazil to sell debt despite global crisis

Brazil plans to tap foreign debt markets before year-end despite the global financial turmoil, the country's treasury secretary told Reuters. The worsening global outlook has caught up with Latin America's largest economy this month, battering Brazil's eq
Published 03 Oct, 2011 12:00am
Microsoft busts spam-sending network

Microsoft busts spam-sending network

Microsoft on September 27 said it struck another blow in its battle against cyber crooks by busting a spam-sending network of virus-infected computers. Along with taking down a "botnet" believed to have been used for nefarious activities including spam, s
Published 03 Oct, 2011 12:00am
Apple holding iPhone event on tomorrow

Apple holding iPhone event on tomorrow

Apple began sending out invitations on September 27 to an event next month expected to be the unveiling of a new iPhone. The invitation received by numerous media outlets was headlined "Let's talk iPhone" and told journalists to be at Apple's Cupertino, C
Published 03 Oct, 2011 12:00am
McAfee adds protection for mobile gadgets

McAfee adds protection for mobile gadgets

Computer security firm McAfee on September 27 launched a service that unifies defences for computers, smartphones and tablets. McAfee billed AllAccess as an unprecedented offering for co-ordinated protection of desktop, laptop and netbook computers along
Published 03 Oct, 2011 12:00am
China web users top 500 million: Xinhua

China web users top 500 million: Xinhua

China's online population - the largest in the world - has topped half a billion, the state Xinhua news agency reported on September 29, citing a senior official. Wang Chen, chief of the information office of China's State Council, or cabinet, said more t
Published 03 Oct, 2011 12:00am
Asia's IT industry more competitive

Asia's IT industry more competitive

Asian economies are closing the gap on the West in terms of their IT competitiveness, a study showed on September 27, as they strengthen copyright protection and implement regulatory reforms . While the West leads the world in terms of an attractive place
Published 03 Oct, 2011 12:00am
Google+ mobbed after doors opened: Experian Hitwise

Google+ mobbed after doors opened: Experian Hitwise

Google+ was mobbed with visitors after the social network opened its doors to the public last week, industry tracker Experian Hitwise reported on September 26. Online traffic to Google's nascent social network rocketed 1,269 percent on a day after the Int
Published 03 Oct, 2011 12:00am
China tells police to use social media

China tells police to use social media

China has ordered police nation-wide to make more use of social networking sites to ensure greater openness and "dispel misunderstandings", the state Xinhua news agency said September 27.
Published 03 Oct, 2011 12:00am
Cars could drive themselves some day, scientists believe

Cars could drive themselves some day, scientists believe

Cars that go on autopilot with the driver comfortably taking a nap has long been seen in science fiction movies but is today a technical reality with vehicles finding their own way with the help of radar, lasers and cameras scanning the road ahead.
Published 03 Oct, 2011 12:00am
Europe plans charter to safeguard Internet users

Europe plans charter to safeguard Internet users

The Council of Europe plans to establish an Internet user charter to guarantee the rights of consumers in an era of increasing government attempts to seize control of the Web, its deputy secretary general said on September 27.
Published 03 Oct, 2011 12:00am
Phone service finally penetrates New York Subway

Phone service finally penetrates New York Subway

New York's antiquated subway system finally entered the cell phone age on September 27, but the surprise sight of signal bars popping up on screens didn't please all the Big Apple's harried commuters. Years after other major world cities and even US rival
Published 03 Oct, 2011 12:00am
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