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Archive - 2011-10-17
Peru economy grows 7.49pc in August
Top News

Peru economy grows 7.49pc in August

LIMA : Peru 's economy grew a stronger-than-expected 7.49 percent in August from the same month a year ago as key expor
Published 17 Oct, 2011 04:43pm
Nine troops killed in Khyber ambush
Top News

Nine troops killed in Khyber ambush

PESHAWAR: Militants ambushed Pakistani troops on Monday, killing nine soldiers in gunbattles that lasted several hours i
Published 17 Oct, 2011 03:33pm
Dengue claims five more lives
Top News

Dengue claims five more lives

LAHORE: Another five people including four women died of dengue fever in various city hospitals on Monday, raising the d
Published 17 Oct, 2011 03:33pm
Sindh Bank posts Rs.886.32mn profit
Top News

Sindh Bank posts Rs.886.32mn profit

KARACHI: Sindh Bank Limited (SBL) has posted a profit after tax of Rs 183.67 million in third quarter ending September 3
Published 17 Oct, 2011 03:07pm
ISE-10 sheds 37.72 points
Markets

ISE-10 sheds 37.72 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) Monday witnessed bearish trend as the index closed at 2586.36 by loosing 37
Published 17 Oct, 2011 02:53pm
Citigroup profit soars in Q3
Top News

Citigroup profit soars in Q3

NEW YORK: US banking giant Citigroup on Monday reported a better-than-expected surge in third-quarter profit as the cost
Published 17 Oct, 2011 12:45pm
South Korea offers $180mn to Pakistan
Top News

South Korea offers $180mn to Pakistan

KARACHI : The Republic of Korea has offered 180 million dollars to Pakistan for being member of Friends of Demo
Published 17 Oct, 2011 11:08am
Tokyo stocks at six-week high
Financial

Tokyo stocks at six-week high

TOKYO : Tokyo's Nikkei index rose to a six-week high on Monday, lifted by firm Asian markets amid hopes for European ac
Published 17 Oct, 2011 08:27am
Flood threat to Thai capital eases
Asia

Flood threat to Thai capital eases

BANGKOK : The flood threat to Thailand's capital appeared to have eased on Monday but officials warned the crisis was n
Published 17 Oct, 2011 06:12am
Crude up in Asia
Energy

Crude up in Asia

SINGAPORE : Europe's weekend vow of a decisive resolution to its debt crisis and hopes that the US' spending cuts plan
Published 17 Oct, 2011 04:08am
US lawmakers say alleged Iran plot was 'very real'

US lawmakers say alleged Iran plot was 'very real'

The heads of the intelligence committees in the US Congress said on Sunday an alleged Iranian plot to kill the Saudi ambassador should be taken very seriously, with one warning that the United States and Iran could be on a "collision course."
Published 17 Oct, 2011 12:00am
US lawmakers say alleged Iran plot was 'very real'

US lawmakers say alleged Iran plot was 'very real'

The heads of the intelligence committees in the US Congress said on Sunday an alleged Iranian plot to kill the Saudi ambassador should be taken very seriously, with one warning that the United States and Iran could be on a "collision course."
Published 17 Oct, 2011 12:00am
Iran warns against 'inappropriate action'

Iran warns against 'inappropriate action'

Iran's supreme leader, Ayatollah Ali Khamenei, warned on Sunday of a "decisive response" to any "inappropriate action" over US claims of a Tehran-directed assassination plot. "If American officials are entertaining any illusions, they should know that any
Published 17 Oct, 2011 12:00am
Iran warns against 'inappropriate action'

Iran warns against 'inappropriate action'

Iran's supreme leader, Ayatollah Ali Khamenei, warned on Sunday of a "decisive response" to any "inappropriate action" over US claims of a Tehran-directed assassination plot. "If American officials are entertaining any illusions, they should know that any
Published 17 Oct, 2011 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee managed to recover most of the ground against dollar, but fell versus euro during the week ended on October 14, 2011. In the interbank dealings, the rupee gained 89 paisa in relation to dollar for buying at 86.51 and 90 paisa for selling at 86.5
Published 17 Oct, 2011 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee managed to recover most of the ground against dollar, but fell versus euro during the week ended on October 14, 2011. In the interbank dealings, the rupee gained 89 paisa in relation to dollar for buying at 86.51 and 90 paisa for selling at 86.5
Published 17 Oct, 2011 12:00am
US tax evasion: Swiss banks summoned to hearing

US tax evasion: Swiss banks summoned to hearing

Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they will be asked to explain their actions, Swiss newspaper NZZ am Sonntag reported on Sunday.
Published 17 Oct, 2011 12:00am
US tax evasion: Swiss banks summoned to hearing

US tax evasion: Swiss banks summoned to hearing

Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they will be asked to explain their actions, Swiss newspaper NZZ am Sonntag reported on Sunday.
Published 17 Oct, 2011 12:00am
US tax evasion: Swiss banks summoned to hearing

US tax evasion: Swiss banks summoned to hearing

Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they will be asked to explain their actions, Swiss newspaper NZZ am Sonntag reported on Sunday.
Published 17 Oct, 2011 12:00am
China makes 'secret' eurozone commitment

China makes 'secret' eurozone commitment

China has made a "secret commitment" to prop up the crisis-hit eurozone in return for budget reforms and public sector cuts, the Sunday Times reported, amid ongoing turmoil over the region's debt crisis. The paper said Chinese representatives at the Paris
Published 17 Oct, 2011 12:00am
China makes 'secret' eurozone commitment

China makes 'secret' eurozone commitment

China has made a "secret commitment" to prop up the crisis-hit eurozone in return for budget reforms and public sector cuts, the Sunday Times reported, amid ongoing turmoil over the region's debt crisis. The paper said Chinese representatives at the Paris
Published 17 Oct, 2011 12:00am
China makes ''secret'' eurozone commitment

China makes ''secret'' eurozone commitment

China has made a "secret commitment" to prop up the crisis-hit eurozone in return for budget reforms and public sector cuts, the Sunday Times reported, amid ongoing turmoil over the region''s debt crisis. The paper said Chinese representatives at the Pari
Published 17 Oct, 2011 12:00am
An eventful week as rupee makes significant gains

An eventful week as rupee makes significant gains

It was an eventful week ending on October 15, 2011, after previous week's 150 basis point discount rate cut. In the interbank market, the rupee gained over 1 percent against US $ to close at 86.55. Forward premiums jumped sharply as 6-month swap points tr
Published 17 Oct, 2011 12:00am
An eventful week as rupee makes significant gains

An eventful week as rupee makes significant gains

It was an eventful week ending on October 15, 2011, after previous week's 150 basis point discount rate cut. In the interbank market, the rupee gained over 1 percent against US $ to close at 86.55. Forward premiums jumped sharply as 6-month swap points tr
Published 17 Oct, 2011 12:00am
An eventful week as rupee makes significant gains

An eventful week as rupee makes significant gains

It was an eventful week ending on October 15, 2011, after previous week''s 150 basis point discount rate cut. In the interbank market, the rupee gained over 1 percent against US $ to close at 86.55. Forward premiums jumped sharply as 6-month swap points t
Published 17 Oct, 2011 12:00am
35 hydro power projects in jeopardy: no money received from donors

35 hydro power projects in jeopardy: no money received from donors

Pakistan is unlikely to make the desired progress to complete 35 hydro power projects with the objective of minimising the energy crisis in the country as donors have yet to disburse any part of the pledged Rs 13 billion for the Public Sector Development
Published 17 Oct, 2011 12:00am
35 hydro power projects in jeopardy: no money received from donors

35 hydro power projects in jeopardy: no money received from donors

Pakistan is unlikely to make the desired progress to complete 35 hydro power projects with the objective of minimising the energy crisis in the country as donors have yet to disburse any part of the pledged Rs 13 billion for the Public Sector Development
Published 17 Oct, 2011 12:00am
35 hydro power projects in jeopardy: no money received from donors

35 hydro power projects in jeopardy: no money received from donors

Pakistan is unlikely to make the desired progress to complete 35 hydro power projects with the objective of minimising the energy crisis in the country as donors have yet to disburse any part of the pledged Rs 13 billion for the Public Sector Development
Published 17 Oct, 2011 12:00am
No funds released for five Balochistan power projects

No funds released for five Balochistan power projects

The government did not release any funds during the first quarter of the current fiscal year for power sector projects in Balochistan and southern Punjab under Public Sector Development Program (PSDP).
Published 17 Oct, 2011 12:00am
No funds released for five Balochistan power projects

No funds released for five Balochistan power projects

The government did not release any funds during the first quarter of the current fiscal year for power sector projects in Balochistan and southern Punjab under Public Sector Development Program (PSDP).
Published 17 Oct, 2011 12:00am
No funds released for five Balochistan power projects

No funds released for five Balochistan power projects

The government did not release any funds during the first quarter of the current fiscal year for power sector projects in Balochistan and southern Punjab under Public Sector Development Program (PSDP).
Published 17 Oct, 2011 12:00am
CNIC, NTN data to target thousands of unregistered distributors

CNIC, NTN data to target thousands of unregistered distributors

The basic information of computerised national identity card (CNICs) numbers and National Tax Number (NTNs) would primarily target thousands of unregistered wholesalers, distributors and dealers, who are already liable to be registered under the Sales Tax
Published 17 Oct, 2011 12:00am
CNIC, NTN data to target thousands of unregistered distributors

CNIC, NTN data to target thousands of unregistered distributors

The basic information of computerised national identity card (CNICs) numbers and National Tax Number (NTNs) would primarily target thousands of unregistered wholesalers, distributors and dealers, who are already liable to be registered under the Sales Tax
Published 17 Oct, 2011 12:00am
CNIC, NTN data to target thousands of unregistered distributors

CNIC, NTN data to target thousands of unregistered distributors

The basic information of computerised national identity card (CNICs) numbers and National Tax Number (NTNs) would primarily target thousands of unregistered wholesalers, distributors and dealers, who are already liable to be registered under the Sales Tax
Published 17 Oct, 2011 12:00am
Libyan army defends role in revolution

Libyan army defends role in revolution

Officers of the former Libyan army on Sunday defended the institution's role in the revolution which brought down Moamer Qadhafi and pledged its support for the country's new rulers. The military "fought alongside civilian revolutionaries right from the s
Published 17 Oct, 2011 12:00am
Libyan army defends role in revolution

Libyan army defends role in revolution

Officers of the former Libyan army on Sunday defended the institution's role in the revolution which brought down Moamer Qadhafi and pledged its support for the country's new rulers. The military "fought alongside civilian revolutionaries right from the s
Published 17 Oct, 2011 12:00am
Government to import 0.1 million tons of more expensive sugar

Government to import 0.1 million tons of more expensive sugar

The government has reportedly decided to import 0.1 million tons of relatively more expensive sugar on the basis of unverified statistics presented during a meeting of the Economic Co-ordination Committee (ECC) of the Cabinet, sources told Business Rec
Published 17 Oct, 2011 12:00am
Government to import 0.1 million tons of more expensive sugar

Government to import 0.1 million tons of more expensive sugar

The government has reportedly decided to import 0.1 million tons of relatively more expensive sugar on the basis of unverified statistics presented during a meeting of the Economic Co-ordination Committee (ECC) of the Cabinet, sources told Business Rec
Published 17 Oct, 2011 12:00am
Government to import 0.1 million tons of more expensive sugar

Government to import 0.1 million tons of more expensive sugar

The government has reportedly decided to import 0.1 million tons of relatively more expensive sugar on the basis of unverified statistics presented during a meeting of the Economic Co-ordination Committee (ECC) of the Cabinet, sources told Business Rec
Published 17 Oct, 2011 12:00am
Index surges by 134 points

Index surges by 134 points

The Karachi share market witnessed positive trend during the week ended on October 15, 2011 on the back of above expected cut in the policy rate by the State Bank of Pakistan (SBP). The KSE-100 index surged by 134.25 points and closed at 11,988.09 points.
Published 17 Oct, 2011 12:00am
Index surges by 134 points

Index surges by 134 points

The Karachi share market witnessed positive trend during the week ended on October 15, 2011 on the back of above expected cut in the policy rate by the State Bank of Pakistan (SBP). The KSE-100 index surged by 134.25 points and closed at 11,988.09 points.
Published 17 Oct, 2011 12:00am
Index surges by 134 points

Index surges by 134 points

The Karachi share market witnessed positive trend during the week ended on October 15, 2011 on the back of above expected cut in the policy rate by the State Bank of Pakistan (SBP). The KSE-100 index surged by 134.25 points and closed at 11,988.09 points.
Published 17 Oct, 2011 12:00am
Futures open interest up by 3.4 percent

Futures open interest up by 3.4 percent

The total open interest position at the futures counter increased by 3.4 percent during the week ended on October 15, 2011 to Rs 1.87 billion. On the other hand, the futures spreads also increased by 20bps on week-on-week basis to 9.12 percent. Trading at
Published 17 Oct, 2011 12:00am
Futures open interest up by 3.4 percent

Futures open interest up by 3.4 percent

The total open interest position at the futures counter increased by 3.4 percent during the week ended on October 15, 2011 to Rs 1.87 billion. On the other hand, the futures spreads also increased by 20bps on week-on-week basis to 9.12 percent. Trading at
Published 17 Oct, 2011 12:00am
Futures open interest up by 3.4 percent

Futures open interest up by 3.4 percent

The total open interest position at the futures counter increased by 3.4 percent during the week ended on October 15, 2011 to Rs 1.87 billion. On the other hand, the futures spreads also increased by 20bps on week-on-week basis to 9.12 percent. Trading at
Published 17 Oct, 2011 12:00am
Futures open interest up by 3.4 percent

Futures open interest up by 3.4 percent

The total open interest position at the futures counter increased by 3.4 percent during the week ended on October 15, 2011 to Rs 1.87 billion. On the other hand, the futures spreads also increased by 20bps on week-on-week basis to 9.12 percent. Trading at
Published 17 Oct, 2011 12:00am
Bukhari appointed NAB chief

Bukhari appointed NAB chief

President Asif Ali Zardari has appointed Admiral Fasih Bukhari (retd) as Chairman of National Accountability Bureau (NAB), setting aside the reservations raised by Pakistan Muslims League (N). The Ministry of Law, Justice and Parliamentary Affairs issued
Published 17 Oct, 2011 12:00am
Bukhari appointed NAB chief

Bukhari appointed NAB chief

President Asif Ali Zardari has appointed Admiral Fasih Bukhari (retd) as Chairman of National Accountability Bureau (NAB), setting aside the reservations raised by Pakistan Muslims League (N). The Ministry of Law, Justice and Parliamentary Affairs issued
Published 17 Oct, 2011 12:00am
Please wait till 2013: Gilani

Please wait till 2013: Gilani

Prime Minister Yousuf Raza Gilani said here on Sunday that elections in the country would be held in 2013 on schedule and those who are eager to see them earlier should wait for their turn. He was speaking at oath taking ceremony of Lahore Press Club new
Published 17 Oct, 2011 12:00am
Please wait till 2013: Gilani

Please wait till 2013: Gilani

Prime Minister Yousuf Raza Gilani said here on Sunday that elections in the country would be held in 2013 on schedule and those who are eager to see them earlier should wait for their turn. He was speaking at oath taking ceremony of Lahore Press Club new
Published 17 Oct, 2011 12:00am
Pakistan likely to get 'GSP Plus' status by 2014

Pakistan likely to get 'GSP Plus' status by 2014

Federal Commerce Secretary Zafar Mahmood on Sunday said that Pakistan is expected to get 'generalised system of preference (GSP) Plus' status to avail duty concessions on its exports to European Union member countries by January 2014. Talking to reporters
Published 17 Oct, 2011 12:00am
Pakistan likely to get 'GSP Plus' status by 2014

Pakistan likely to get 'GSP Plus' status by 2014

Federal Commerce Secretary Zafar Mahmood on Sunday said that Pakistan is expected to get 'generalised system of preference (GSP) Plus' status to avail duty concessions on its exports to European Union member countries by January 2014. Talking to reporters
Published 17 Oct, 2011 12:00am
Pakistan likely to get ''GSP Plus'' status by 2014

Pakistan likely to get ''GSP Plus'' status by 2014

Federal Commerce Secretary Zafar Mahmood on Sunday said that Pakistan is expected to get ''generalised system of preference (GSP) Plus'' status to avail duty concessions on its exports to European Union member countries by January 2014. Talking to reporte
Published 17 Oct, 2011 12:00am
ICT mosques face gas and power cuts

ICT mosques face gas and power cuts

The electricity and gas contentions of almost all the mosques that come under the ambit of Islamabad Capital Territory (ICT) might be disconnected, as their outstanding electricity and gas dues swelled to Rs14.5 million.
Published 17 Oct, 2011 12:00am
ICT mosques face gas and power cuts

ICT mosques face gas and power cuts

The electricity and gas contentions of almost all the mosques that come under the ambit of Islamabad Capital Territory (ICT) might be disconnected, as their outstanding electricity and gas dues swelled to Rs14.5 million.
Published 17 Oct, 2011 12:00am
US drone strike kills three Egyptians

US drone strike kills three Egyptians

A recent US missile strike in tribal region killed three Egyptians linked to the Haqqani network, including one who played a key role in handling the militant group's finances, intelligence officials said Sunday.
Published 17 Oct, 2011 12:00am
US drone strike kills three Egyptians

US drone strike kills three Egyptians

A recent US missile strike in tribal region killed three Egyptians linked to the Haqqani network, including one who played a key role in handling the militant group's finances, intelligence officials said Sunday.
Published 17 Oct, 2011 12:00am
14 Pakistanis rescued by British Navy

14 Pakistanis rescued by British Navy

Fourteen Pakistanis were among those rescued by the British Royal Navy from Somali pirates on Sunday, a private TV channel reported. A Pakistani fishing trawler, which had been taken over by a group of Somali pirates earlier this week, was rescued near th
Published 17 Oct, 2011 12:00am
14 Pakistanis rescued by British Navy

14 Pakistanis rescued by British Navy

Fourteen Pakistanis were among those rescued by the British Royal Navy from Somali pirates on Sunday, a private TV channel reported. A Pakistani fishing trawler, which had been taken over by a group of Somali pirates earlier this week, was rescued near th
Published 17 Oct, 2011 12:00am
Field formations: FBR concerned at dismal performance

Field formations: FBR concerned at dismal performance

The Directorate General Intelligence and Investigations (IR) Federal Board of Revenue (FBR) has expressed serious concern over the performance of the field formations in discovering new taxpayers, as the results are not encouraging despite dissemination o
Published 17 Oct, 2011 12:00am
Field formations: FBR concerned at dismal performance

Field formations: FBR concerned at dismal performance

The Directorate General Intelligence and Investigations (IR) Federal Board of Revenue (FBR) has expressed serious concern over the performance of the field formations in discovering new taxpayers, as the results are not encouraging despite dissemination o
Published 17 Oct, 2011 12:00am
Field formations: FBR concerned at dismal performance

Field formations: FBR concerned at dismal performance

The Directorate General Intelligence and Investigations (IR) Federal Board of Revenue (FBR) has expressed serious concern over the performance of the field formations in discovering new taxpayers, as the results are not encouraging despite dissemination o
Published 17 Oct, 2011 12:00am
Arab League urges Syria 'dialogue' within 15 days

Arab League urges Syria 'dialogue' within 15 days

Arab League foreign ministers meeting in an urgent session in Cairo on Sunday urged "national dialogue" between Syria's government and the opposition in the Egyptian capital within 15 days. The pan-Arab body decided to make contact with the Damascus gover
Published 17 Oct, 2011 12:00am
Arab League urges Syria 'dialogue' within 15 days

Arab League urges Syria 'dialogue' within 15 days

Arab League foreign ministers meeting in an urgent session in Cairo on Sunday urged "national dialogue" between Syria's government and the opposition in the Egyptian capital within 15 days. The pan-Arab body decided to make contact with the Damascus gover
Published 17 Oct, 2011 12:00am
Conspiracy being hatched to get assemblies dissolved: Altaf

Conspiracy being hatched to get assemblies dissolved: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Sunday claimed that conspiracy was being hatched to get the assemblies dissolved and go for early elections. In his telephonic address to MQM office bearers and workers from Lahore Zone, MQM chief vowe
Published 17 Oct, 2011 12:00am
Conspiracy being hatched to get assemblies dissolved: Altaf

Conspiracy being hatched to get assemblies dissolved: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Sunday claimed that conspiracy was being hatched to get the assemblies dissolved and go for early elections. In his telephonic address to MQM office bearers and workers from Lahore Zone, MQM chief vowe
Published 17 Oct, 2011 12:00am
Hollande wins French left's presidential primary

Hollande wins French left's presidential primary

French Socialist lawmaker Francois Hollande was crowned favourite for next year's presidential election on Sunday, winning the left's primary to choose a challenger for Nicolas Sarkozy. The centre-right incumbent is expected to stand for re-election, but
Published 17 Oct, 2011 12:00am
Hollande wins French left's presidential primary

Hollande wins French left's presidential primary

French Socialist lawmaker Francois Hollande was crowned favourite for next year's presidential election on Sunday, winning the left's primary to choose a challenger for Nicolas Sarkozy. The centre-right incumbent is expected to stand for re-election, but
Published 17 Oct, 2011 12:00am
CJ IHC constitutes four benches

CJ IHC constitutes four benches

Chief Justice of Islamabad High Court (IHC), Iqbal Hameed-ur-Rehman has constituted four benches, including a divisional bench, to hear a number of cases from Monday. The first bench comprises the chief justice, second Justice Riaz Ahmed Khan and third Ju
Published 17 Oct, 2011 12:00am
Marriage dispute claims four lives

Marriage dispute claims four lives

Four persons including three of a family were killed when their rivals allegedly opened firing at them over a marriage dispute at Lund Khwar village, here on Sunday. Police said that Raza Khan, his wife and four-year-old daughter Arfat Bibi and an unknown
Published 17 Oct, 2011 12:00am
Zardari telephones Zehri

Zardari telephones Zehri

President Asif Ali Zardari on Sunday contacted PML-N Balochistan Convenor Sardar Sana Ullah Khan Zehri on telephone and strongly condemned the attack on him through remote control bomb. Sana Ullah Khan Zehri was attacked by a remote control bomb but he di
Published 17 Oct, 2011 12:00am
Conference

Conference

Allama Iqbal Open University (AIOU) will arrange the first ever conference on "Changing Paradigm of Library Information Services (LIS) Profession in Pakistan" from October 19. The two-day conference will be organised by Department of Library and Informati
Published 17 Oct, 2011 12:00am
MFN status to India will hit local industry, job

MFN status to India will hit local industry, job

Pakistan pharmaceutical industry fears that Most Favoured Nation (MFN) status to India will hit the local industry and job cuts. To apprise the impact of proposed MFN status to India, a delegation of the pharmaceutical industry, led by Nasir M. Qureshi, C
Published 17 Oct, 2011 12:00am
Australia provides $1.5 million for UVAS linkage plan

Australia provides $1.5 million for UVAS linkage plan

Australia has provided $1.5 million for an Agriculture Sector Linkages Programme (ASLP) in Pakistan by the University of Veterinary and Animal Sciences (UVAS), said UVAS Project Director Hassan Mehmood Warriach.
Published 17 Oct, 2011 12:00am
'Dengue eradication training must for doctors'

'Dengue eradication training must for doctors'

Punjab Chief Minister Shahbaz Sharif has made training for the eradication of the dengue virus and treatment of patients compulsory for doctors of private and trust hospitals and issued instructions for evolving a training programme.
Published 17 Oct, 2011 12:00am
66 watchmen regularised

66 watchmen regularised

Sindh Chief Minister, Syed Qaim Ali has approved regularisation of 66 watchmen working in Sindh Food Department. According to an announcement of CM's House issued, here on Sunday, the watchmen were previously working on contract basis.
Published 17 Oct, 2011 12:00am
First Hajj flight from Multan departs

First Hajj flight from Multan departs

The first Hajj flight from Multan Airport carrying 497 pilgrims left for Hijaz-e-Muqaddas on Sunday. According to sources, the pilgrims reached Haji Camp on Saturday and were taken to Multan Airport after clearance. In-charge PM's Camp Office Multan and M
Published 17 Oct, 2011 12:00am
MQM's Raza Haroon may get P&D portfolio

MQM's Raza Haroon may get P&D portfolio

Provincial Minister Raza Haroon from Muttahida Qaumi Movement (MQM) is likely to get the portfolio of Planning and Development, as he shifted to the office of former advisor to chief minister on Planning and Development (P&D).
Published 17 Oct, 2011 12:00am
Wheat to be grown on 16.892 million acres

Wheat to be grown on 16.892 million acres

The Punjab Agriculture Department has fixed a target to bring 16.892 million acres under wheat cultivation during current Rabi 2011-12 to achieve the production target of 19.205 million ton. The Agriculture Department spokesman said on Sunday that out of
Published 17 Oct, 2011 12:00am
Concerted efforts against global hunger urged

Concerted efforts against global hunger urged

UN agencies tasked with tackling global hunger have highlighted the need for concerted efforts to address the root-causes and underscoring the need to ensure that children have enough to eat.
Published 17 Oct, 2011 12:00am
US plotting to destabilise Balochistan: Fazl

US plotting to destabilise Balochistan: Fazl

Jamiat Ulema-e-Islam Chief Maulana Fazl-Ur-Rahman has warned that the US was attempting to create instability in Balochistan province in a bid to destabilise the region. "The US is hatching conspiracies to create a Waziristan-like situation in Balochistan
Published 17 Oct, 2011 12:00am
Dengue claims four more lives in Lahore

Dengue claims four more lives in Lahore

Dengue Virus has claimed four more lives in Lahore raising the death toll to 253 in Punjab province. On Sunday Rasheed, resident of Schemepura, Majeed, resident of Makhan Pura and Fatima, resident of Tajpura, Akhtar bibi resident of Mazang died of dengue
Published 17 Oct, 2011 12:00am
Foreign relations: Pakistan pursuing national interests, says Haqqani

Foreign relations: Pakistan pursuing national interests, says Haqqani

The democratic government is pursuing Pakistan's national interests while conducting the country's international relations, Islamabad's ambassador in Washington Husain Haqqani said as he indicated improvement in Pakistan-US ties, after weeks of rhetoric o
Published 17 Oct, 2011 12:00am
Taxpayers' interaction seminar

Taxpayers' interaction seminar

The Facilit-ation and Taxpayers Education (FATE) Wing, FBR is launching a series of Taxpayers' Interaction seminars to have an interactive dialogue process with the taxpayers, chambers of commerce & trade, tax bars, trade bodies and other stakeholders.
Published 17 Oct, 2011 12:00am
More staff to stop theft of medicines

More staff to stop theft of medicines

The logistic support and additional staffs will be rendered to the Drug Inspectors (DI) for gearing up the ongoing campaign against pilferage of medicines from government hospitals, preparation and sale of substandard drugs.
Published 17 Oct, 2011 12:00am
UK doctors to perform free cleft lip operations

UK doctors to perform free cleft lip operations

A team of senior British doctors will perform free surgeries for cleft-lip and cleft palate patients, from October 22-28 in Gujrat. The plastic surgeries, treatment, medicines, hospitalisation, stay and food will be arranged by Pakistan Cleft Lip and Pala
Published 17 Oct, 2011 12:00am
Selected NBP branches countrywide to operate on Saturdays

Selected NBP branches countrywide to operate on Saturdays

As per the decision of the Federal Government that five days working week will be observed by the banks (Saturday and Sunday will be observed as closed days), the National Bank of Pakistan has announced the office timings.
Published 17 Oct, 2011 12:00am
Karsaz tragedy anniversary PPP Karachi finalises plan

Karsaz tragedy anniversary PPP Karachi finalises plan

Pakistan Peoples Party (PPP), Karachi Division finalised various programmes to mark the 4th anniversary of Karsaz twin-blasts incident, on October 18 to pay homage to the party activists, who embraced martyrdom in the incident.
Published 17 Oct, 2011 12:00am
My recommendations are recipe for lasting peace in Karachi: Bengali

My recommendations are recipe for lasting peace in Karachi: Bengali

Former Advisor to Chief Minister Sindh and economic expert, Dr Kaiser Bengali has said his recommendations for Karachi should be considered in detail as they are a recipe for a long lasting peace and harmonious co-existence between all socio-ethnic commun
Published 17 Oct, 2011 12:00am
60th death anniversary of Liaquat Ali Khan observed

60th death anniversary of Liaquat Ali Khan observed

The 60th death anniversary of Quaid-e-Millat, Shaheed Liaquat Ali Khan was observed on Sunday. Being the first Prime Minister of the country, Liaquat Ali Khan had to deal with a number of difficulties that Pakistan faced in its early days. He helped Quaid
Published 17 Oct, 2011 12:00am
'Liaquat Ali Khan's sacrifices will not go waste'

'Liaquat Ali Khan's sacrifices will not go waste'

Chief of MQM, Altaf Hussain has said that the sacrifice given by the first Prime Minister of Pakistan would not go waste and would definitely bring a revolution of the poor and middle classes in the country. He paid glowing tribute to the assassinated lea
Published 17 Oct, 2011 12:00am
Power tariff hike leaves industry uncompetitive: APTMA

Power tariff hike leaves industry uncompetitive: APTMA

Central Chairman of All Pakistan Textile Mills Association (APTMA) Mohsin Aziz on Sunday said increase in the electricity charges will leave labour-intensive textile industry uncompetitive. Negative industrial growth will result in reduced output, missed
Published 17 Oct, 2011 12:00am
CSOs call for ensuring food security for rural women

CSOs call for ensuring food security for rural women

Represen-tatives of civil society organisations on Sunday called for ensuring food security and secure livelihoods of rural women, encouraging them to contribute towards national development. The two-day conference was arranged in connection with Internat
Published 17 Oct, 2011 12:00am
ZTBL may raise markup rate to 14.5 percent

ZTBL may raise markup rate to 14.5 percent

The Zarai Tarqiati Bank (ZTBL) is likely to increase mark-up rate to 14.5 percent, from 8 percent, aimed at helping the bank to operate on sustainable basis, sources told Business Recorder. The Economic Co-ordination Committee (ECC) of the Cabinet
Published 17 Oct, 2011 12:00am
CNG consumers in misery after pump closure

CNG consumers in misery after pump closure

Compressed Natural Gas (CNG) consumers are facing severe problems after pumping stations have been closed across the Sindh province, including Karachi. The decision was announced after a joint meeting of Sui Southern Gas Company SSGC and CNG Association t
Published 17 Oct, 2011 12:00am
Bus passengers deprived of cell phone, cash

Bus passengers deprived of cell phone, cash

The APP Karachi Bureau driver, Rashid Khan got injuries while being hit on the forehead with a pistol butt, when four dacoits snatched cell phones and cash from passengers of a minibus at Nazimabad No. 7, here on Sunday morning.
Published 17 Oct, 2011 12:00am
Rural women artworks mesmerise visitors

Rural women artworks mesmerise visitors

A two-day exhibition displaying exquisite artworks by rural women belonging to the different parts of the country at Lok Virsa mesmerised the visitors on its concluding day on Sunday. The exhibition was arranged by different social organisations to mark '
Published 17 Oct, 2011 12:00am
Move to increase power tariff criticised

Move to increase power tariff criticised

Chairman Law and Order Standing Committee of Korangi Association of Trader and Industry (Kati), Nadim Khan Sunday criticised the proposed move to increase power tariff by four percent and questioned when the government does not have electricity, why is it
Published 17 Oct, 2011 12:00am
NHA to initiate major road projects: Gardezi

NHA to initiate major road projects: Gardezi

Chairman National Highway Authority, Syed Muhammad Ali Gardezi said on Sunday that NHA has decided to undertake several major highway projects through public-private partnership on Build-Operate-Transfer (BOT) basis. In the first phase, NHA plans to build
Published 17 Oct, 2011 12:00am
Algerian author scoops German book prize

Algerian author scoops German book prize

Internationally acclaimed Algerian author Boualem Sansal Sunday received the annual German Book Trade Peace Prize and said that people everywhere were rising up against dictatorship. Sansal, 62, received the award for his open criticism of the regime in A
Published 17 Oct, 2011 12:00am
Anna Hazare begins vow of silence

Anna Hazare begins vow of silence

Indian anti-corruption activist Anna Hazare Sunday began a week-long vow of silence at his village in the state of Maharashtra, an aide said. Hazare, 74, had gone on a 13-day public hunger strike in New Delhi on August 16, sparking mass protests, with ten
Published 17 Oct, 2011 12:00am
Thai floods claim more factories

Thai floods claim more factories

Floods in Thailand engulfed another industrial estate on Sunday but the capital, Bangkok, appears for now to have escaped the devastation seen elsewhere in the country despite heavy monsoon rain and water streaming towards it from the north. Flooding has
Published 17 Oct, 2011 12:00am
Obama invokes King in today's political battles

Obama invokes King in today's political battles

US President Barack Obama drew inspiration Sunday from the civil rights struggles of Martin Luther King in facing down today's political gridlock in Washington. "When met with hardship, when confronting disappointment, Dr. King refused to accept what he c
Published 17 Oct, 2011 12:00am
ElBaradei calls for 'roadmap' to new Egypt

ElBaradei calls for 'roadmap' to new Egypt

Potential presidential candidate Mohamed ElBaradei called on Sunday for a "clear roadmap" to civilian rule in Egypt, accusing all sides of having fallen short so far in the post-Hosni Mubarak era. "What I ask of (the ruling military) Council is that it an
Published 17 Oct, 2011 12:00am
Egypt begins trial of former prime minister Obeid

Egypt begins trial of former prime minister Obeid

Egypt began the trial on Sunday of former Prime Minister Atef Obeid and other officials accused of illegally selling an island nature reserve to a businessman close to deposed president Hosni Mubarak.
Published 17 Oct, 2011 12:00am
US pressing IAEA to release Iran nuclear data

US pressing IAEA to release Iran nuclear data

US President Barack Obama is calling on UN nuclear inspectors to release data showing Iran is designing nuclear weapons technology in a bid to further isolate Tehran, a report said Sunday. The White House push for the release of International Atomic Energ
Published 17 Oct, 2011 12:00am
Saddam's daughter wants to publish his memoirs

Saddam's daughter wants to publish his memoirs

Raghad, a daughter of executed Iraqi president Saddam Hussein, plans to publish her father's memoirs, her Jordanian lawyer said on Sunday. "Raghad is looking for an international publishing company to publish her father's memoirs, which he himself wrote,"
Published 17 Oct, 2011 12:00am
Israel names prisoners to be freed in swap deal

Israel names prisoners to be freed in swap deal

Israel took the first steps on Sunday in a prisoner swap with Hamas in which hundreds of Palestinian militants will be exchanged for captive Israeli soldier Gilad Shalit. The swap is expected to take place on Tuesday and should bring to a close a saga tha
Published 17 Oct, 2011 12:00am
Thirteen killed as fresh violence hits Yemeni capital

Thirteen killed as fresh violence hits Yemeni capital

At least 13 people were killed Sunday in the Yemeni capital in a fresh bout of violence between forces loyal to President Ali Abdullah Saleh and his opponents, according to medical sources. Six civilians were killed when pro-Saleh forces fired on protests
Published 17 Oct, 2011 12:00am
Saudi dairy firm Almarai plans Islamic bond sale

Saudi dairy firm Almarai plans Islamic bond sale

Saudi Arabia's Almarai Co is to seek shareholder approval of its plan to issue Islamic bonds, or sukuk, at a general assembly meeting on November 19, the company said in a bourse statement on Sunday. Shareholders will be asked to approve the company's bon
Published 17 Oct, 2011 12:00am
Saudi dairy firm Almarai plans Islamic bond sale

Saudi dairy firm Almarai plans Islamic bond sale

Saudi Arabia's Almarai Co is to seek shareholder approval of its plan to issue Islamic bonds, or sukuk, at a general assembly meeting on November 19, the company said in a bourse statement on Sunday. Shareholders will be asked to approve the company's bon
Published 17 Oct, 2011 12:00am
Hedge Fund ISAM targets Middle East for growth

Hedge Fund ISAM targets Middle East for growth

ISAM, the hedge fund founded by former Man Group chief executive Stanley Fink, is targeting cash-rich sovereign wealth funds and institutional investors in the Middle East to grow its assets under management at least seven-fold in the short-term.
Published 17 Oct, 2011 12:00am
Hedge Fund ISAM targets Middle East for growth

Hedge Fund ISAM targets Middle East for growth

ISAM, the hedge fund founded by former Man Group chief executive Stanley Fink, is targeting cash-rich sovereign wealth funds and institutional investors in the Middle East to grow its assets under management at least seven-fold in the short-term.
Published 17 Oct, 2011 12:00am
Global Markets Weekahead: debt and earnings at the crossroads

Global Markets Weekahead: debt and earnings at the crossroads

The coming week is likely to be crucial for the direction of financial markets until year-end, with eurozone stability at stake as well as the latest test of the one bright spot for investors, corporate earnings. In the case of the eurozone, there is talk
Published 17 Oct, 2011 12:00am
Hong Kong bourse unlikely to be hit by slow IPO lineup

Hong Kong bourse unlikely to be hit by slow IPO lineup

Hong Kong Exchanges & Clearing Ltd, the world's largest exchange operator by market value, does not expect its bottom line to be hit by a drop in its initial public offers pipeline, its chairman said on Wednesday. Hong Kong, the top global destination for
Published 17 Oct, 2011 12:00am
London to track eurozone news next week

London to track eurozone news next week

British investors will track the eurozone crisis next week, after a crucial G20 finance meeting over the weekend, and will also pore over a stream of key economic data and company results. The FTSE 100 index of leading shares rallied 3.07 percent over the
Published 17 Oct, 2011 12:00am
Peripheral bond buyers will need growth, stability

Peripheral bond buyers will need growth, stability

Even if eurozone leaders finally deliver a comprehensive plan to ease the region's debt crisis, investors will need stable markets and a belief economic growth is possible before lending to peripheral countries again.
Published 17 Oct, 2011 12:00am
Peripheral bond buyers will need growth, stability

Peripheral bond buyers will need growth, stability

Even if eurozone leaders finally deliver a comprehensive plan to ease the region's debt crisis, investors will need stable markets and a belief economic growth is possible before lending to peripheral countries again.
Published 17 Oct, 2011 12:00am
Wall Street Weekahead: S&P 500 index poised to extend streak

Wall Street Weekahead: S&P 500 index poised to extend streak

With one-third of the Dow components and crowd favourite, Apple, reporting results next week, US stocks are setting the stage for another week of gains. After the steepest two-week rally in more than two years, the S&P 500 is at the top end of its range f
Published 17 Oct, 2011 12:00am
Tokyo stocks seen stable next week

Tokyo stocks seen stable next week

Tokyo stocks are expected to get support from buybacks in the coming week due to easing concerns over the European sovereign debt crisis, with eyes on a raft of US earnings reports. "The Tokyo market will test its topside next week supported by continued
Published 17 Oct, 2011 12:00am
Tokyo bourse may not IPO before merger: CEO

Tokyo bourse may not IPO before merger: CEO

The Tokyo Stock Exchange may not make an initial public offering before its planned merger with the Osaka Securities Exchange , the head of the Tokyo bourse said on Wednesday. Atsushi Saito also told Reuters in an interview that he feels responsibility to
Published 17 Oct, 2011 12:00am
BRIC currencies set to snap losing streak

BRIC currencies set to snap losing streak

All four BRIC currencies - the Brazilian real, Russian rouble, Indian rupee and Chinese yuan - will recoup at least some of their recent heavy losses over the next 12 months, a Reuters poll showed on Wednesday.
Published 17 Oct, 2011 12:00am
Pakistan beat Canada in Bermuda Bowl Bridge

Pakistan beat Canada in Bermuda Bowl Bridge

Pakistan bridge team got off to sterling start in 40th Bermuda Bowl World Championship when they beat 1992 runners-up Canada 17-13 in their opening league match at Veldhoven (The Netherlands) on Sunday, a message received here said.
Published 17 Oct, 2011 12:00am
South African minister says threats will not stop inquiry

South African minister says threats will not stop inquiry

South Africa's sports minister Fikile Mbalula said on Sunday he had received threatening phone calls telling him not to investigate bonus payments made to Cricket South Africa (CSA) chief executive Gerald Majola. Mbalula told a news conference he would no
Published 17 Oct, 2011 12:00am
Dawson takes Hopkins title in bizarre finish

Dawson takes Hopkins title in bizarre finish

Chad Dawson took the WBC light heavyweight title from ageing veteran Bernard Hopkins with a controversial technical knockout on Saturday, ending Hopkins' reign as boxing's oldest world champion. The referee stopped the fight at 2:48 of the second round an
Published 17 Oct, 2011 12:00am
Pakistan, Sri Lanka look to build Test sides

Pakistan, Sri Lanka look to build Test sides

Pakistan captain Misbah-ul Haq is hoping his team can build on their recent good performance while Sri Lanka are looking to end their drought when the two sides meet here in the first of three Tests from Tuesday. The 37-year-old Misbah took over as Test c
Published 17 Oct, 2011 12:00am
Tailenders Parnell, Theron give South Africa victory

Tailenders Parnell, Theron give South Africa victory

Tailenders Wayne Parnell and Rusty Theron snatched an improbable three-wicket win for South Africa in the second Twenty20 international against Australia at the Wanderers Stadium on Sunday. Parnell (29 not out) and Theron (31 not out) put on an unbeaten 6
Published 17 Oct, 2011 12:00am
Kvitova claims sixth career title at Linz open

Kvitova claims sixth career title at Linz open

Wimbledon champion Petra Kvitova claimed her sixth career title Sunday with a 6-4, 6-1 win over Slovakian seventh seed Dominika Cibulkova in the Linz Open. The Czech Republic 21-year-old had failed to win a tournament since her surprise victory on grass i
Published 17 Oct, 2011 12:00am
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