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Archive - 2011-10-21
Tintin goes to Hollywood
Life & Style

Tintin goes to Hollywood

PARIS: Trusty sidekick Snowy in tow, Tintin leaves his comic book universe for the brave new world of 3-D animation next
Published 21 Oct, 2011 09:23pm
Financial elite quietly meet in Vienna
Top News

Financial elite quietly meet in Vienna

VIENNA: Europe's financial elite quietly gathered at a posh Vienna hotel on Friday ahead of crucial European Union talks
Published 21 Oct, 2011 04:48pm
ECP suspends membership of 231 lawmakers
Top News

ECP suspends membership of 231 lawmakers

ISLAMABAD : The Election Commission of Pakistan (ECP) on Friday suspended the membership of 231 lawmakers, who failed to
Published 21 Oct, 2011 03:56pm
Pakistan win Security Council seat
Top News

Pakistan win Security Council seat

UNITED NATIONS: Pakistan , Morocco and Guatemala on Friday won seats on the UN Security Council for 2012-13 in a vo
Published 21 Oct, 2011 03:28pm
September jobless rate dips in Mexico
Top News

September jobless rate dips in Mexico

MEXICO CITY: Mexico's jobless rate fell in September to its lowest since April, better than analysts expected as they ey
Published 21 Oct, 2011 02:29pm
Irish trade surplus widens in August
Top News

Irish trade surplus widens in August

DUBLIN: Ireland's trade surplus widened by 15 percent in August from July to 3.699 billion euros ($5.087 billion) as the
Published 21 Oct, 2011 01:59pm
Consumer prices rise in September: HK
Top News

Consumer prices rise in September: HK

HONG KONG: Hong Kong's inflation hit 5.8 percent year-on-year in September, mainly due to higher private housing rentals
Published 21 Oct, 2011 12:23pm
Moonis acquitted in NICL case
Top News

Moonis acquitted in NICL case

LAHORE : District and Sessions Judge Mujahid Mustaqim on Friday acquitted PML-Q leader Moonis Elahi in the National Insu
Published 21 Oct, 2011 07:00am
UK plans to boost investment in Pakistan
Top News

UK plans to boost investment in Pakistan

KARACHI: The United Kingdom wants to increase its trade volume to the tune of pounds 2.5 billion from current pounds 1
Published 21 Oct, 2011 06:58am
Rice export to rise from Pakistan, India
Top News

Rice export to rise from Pakistan, India

HO CHI MINH CITY: India, the world's second largest rice producer after China, is forecast to produce 102 million tonnes
Published 21 Oct, 2011 06:10am
Late-buying pushes index up
Markets

Late-buying pushes index up

RECORDER REPORT KARACHI: Late buying mainly by local investors in some select stocks on Thursday supported the KSE-10
Published 21 Oct, 2011 05:20am
Citi lowers Bangkok Bank target price
Top News

Citi lowers Bangkok Bank target price

BANGKOK: Citigroup has cut the target price for Thailand's Bangkok Bank Pcl to 195 baht ($6.31) from 203 baht but still
Published 21 Oct, 2011 04:55am
Pakistan, US agree to move forward
Top News

Pakistan, US agree to move forward

RECORDER REPORT ISLAMABAD: Pakistan and United States on Thursday agreed to mend strained relations by improving mutu
Published 21 Oct, 2011 04:55am
Pakistan, US agree to move forward
Top News

Pakistan, US agree to move forward

RECORDER REPORT ISLAMABAD: Pakistan and United States on Thursday agreed to mend strained relations by improving mutu
Published 21 Oct, 2011 04:55am
Japanese shares flat by noon
Financial

Japanese shares flat by noon

TOKYO: Japanese stocks were flat in edgy trade on Friday morning as investors wait to see if European leaders will be ab
Published 21 Oct, 2011 04:42am
ABL in clover
BR Research

ABL in clover

The management of Allied Bank limited (ABL), the countrys fifth largest bank by deposit base, has made a good fist of compensating its inves
Published 21 Oct, 2011 12:00am
Siemens Student Award 2011 names ten finalists

Siemens Student Award 2011 names ten finalists

The Siemens Student Award 2011 is seeking the best answers to one of the world's toughest questions, "How can you build sustainable cities in the desert?" An encouraging 630 ideas were submitted by university students throughout the Middle East. 10 finali
Published 21 Oct, 2011 12:00am
USAID, Engro join hands to improve cold chain for dairy in Sindh

USAID, Engro join hands to improve cold chain for dairy in Sindh

The United States Agency for International Development (USAID) through the Mennonite Economic Development Associates (MEDA) and its local implementing partner Engro Foundation will be improving the dairy cold chain by providing 60 chillers to the dairy fa
Published 21 Oct, 2011 12:00am
Yaseen assumes office of SBP Governor

Yaseen assumes office of SBP Governor

Yaseen Anwar on Thursday assumed the charge of the office of Governor, State Bank of Pakistan. The federal government Wednesday notified the appointment of Yaseen as SBP Governor for a period of three years from the date he assumes the office. Yaseen Anwa
Published 21 Oct, 2011 12:00am
CDWP to consider 10 energy projects worth Rs 54 billion today

CDWP to consider 10 energy projects worth Rs 54 billion today

Central Development Working Party (CDWP) today (Friday) would consider 10 projects of energy sector worth Rs 54 billion, 13 projects worth Rs 28.32 billion of water resources, 20 projects of transport and communication amounting to Rs 204.9 billion and ei
Published 21 Oct, 2011 12:00am
Capital police disposes of 321 cases

Capital police disposes of 321 cases

Police disposed of 321 cases and after completion of investigation and submitted their challans to the relevant courts during the last ten days. According to the detail, 66 challans were of City Zone, 121 of Saddar Zone, 73 Rural Zone, 46 Industrial Zone.
Published 21 Oct, 2011 12:00am
'ITP endeavouring to inculcate traffic discipline among people'

'ITP endeavouring to inculcate traffic discipline among people'

Islamabad Traffic Police (ITP) is endeavouring to inculcate traffic discipline among the people and co-operation of citizen is very much crucial to achieve the goal, SSP Traffic revealed. One-day workshop was held at Pakistan Telecommunication Authority (
Published 21 Oct, 2011 12:00am
Government takes steps for improving judicial system in country: Khosa

Government takes steps for improving judicial system in country: Khosa

Governor Punjab Sardar Latif Khosa said it is shame that daughter-in-law of an important personality of the province has been deprived of justice after she was tortured. The Governor here on Thursday said the courts have confessional statements by those w
Published 21 Oct, 2011 12:00am
Punjab closes down non-perennial canals

Punjab closes down non-perennial canals

Punjab Irrigation department has closed down all six monthly non-perennial canals and reduced its water withdrawal from Indus and Mangla zones by 50 percent as harvesting of Kharif crops including rice, cotton and sugarcane is in the process. Canal Regula
Published 21 Oct, 2011 12:00am
Book on Thar coal project launched

Book on Thar coal project launched

Sindh Power Minister Shazia Marri has said that despite endowed with numerous natural resources, Pakistan still lacks in the energy sector. Speaking at the launching ceremony of book "Thar Coal: Salvation Paradigm" authored by senior journalist Shamim-ur-
Published 21 Oct, 2011 12:00am
Balochistan Assembly condemns Mastung tragedy

Balochistan Assembly condemns Mastung tragedy

The lawmakers in the session of the Balochistan Assembly, held on Thursday, passed a resolution unanimously seeking bringing perpetrators of killing of pilgrims in Mastung to justice. Deputy Speaker, Matiullah Agha presided over the assembly session which
Published 21 Oct, 2011 12:00am
UBL Fund Managers' Stock Scheme awarded a 5-Star Ranking

UBL Fund Managers' Stock Scheme awarded a 5-Star Ranking

United Stock Advantage Fund (USF), an open-end stock fund managed by UBL Fund Managers, has been awarded with an MFR "5-Star" Ranking for a 1-year period ended June 30, 2011. The ranking has been awarded by JCR-VIS Credit Rating Company.
Published 21 Oct, 2011 12:00am
UBL Fund Managers' Stock Scheme awarded a 5-Star Ranking

UBL Fund Managers' Stock Scheme awarded a 5-Star Ranking

United Stock Advantage Fund (USF), an open-end stock fund managed by UBL Fund Managers, has been awarded with an MFR "5-Star" Ranking for a 1-year period ended June 30, 2011. The ranking has been awarded by JCR-VIS Credit Rating Company.
Published 21 Oct, 2011 12:00am
TCP floats urea tender

TCP floats urea tender

Trading Corpo-ration of Pakistan (TCP) has floated an international tender for the import of urea from world-wide sources to meet local demand. According to TCP sources here on Thursday, pre-qualified urea suppliers can submit their bids, which should not
Published 21 Oct, 2011 12:00am
Government urged to efficiently tackle climate change

Government urged to efficiently tackle climate change

The speakers while speaking at a one-day seminar on flood and climate changes have urged upon the government and community leaders to be efficient for facing the challenge of climate change to avoid human and physical losses and emphasised to improve the
Published 21 Oct, 2011 12:00am
Technical training: Gambian agency seeks CCP help

Technical training: Gambian agency seeks CCP help

The competition agency of Gambia has requested the Competition Commission of Pakistan (CCP) to impart it technical training in key areas such as detecting cartelisation and anti-competitive practices, etc, to its high level officials. Talking to Busine
Published 21 Oct, 2011 12:00am
SCCI expresses reservations about e-filing of returns

SCCI expresses reservations about e-filing of returns

The business community at a seminar expressed reservations over E-filing of Sales/income tax returns and called for brining changes in the system to address their concerns. The seminar held under the auspices of Facilitation & Taxpayer Education Wing, Fed
Published 21 Oct, 2011 12:00am
LHC extends stay order on LPG Policy 2011

LHC extends stay order on LPG Policy 2011

A division bench of the Lahore High Court on Thursday extended stay order on LPG (production and distribution) Policy 2011 till November 22 and directed the office to fix all identical petitions before one bench. Different LPG companies through Aitzaz Ahs
Published 21 Oct, 2011 12:00am
Government-Opposition squabbling

Government-Opposition squabbling

Political temperatures are rising with the Opposition adopting an adversarial posture - its natural role - and challenging government policies and actions both inside and outside Parliament. Speaking in Lahore on Sunday, Prime Minister Yousuf Raza Gilani
Published 21 Oct, 2011 12:00am
Madrassa reforms are need of the hour

Madrassa reforms are need of the hour

The government, according to media reports, has finally awoken to the simmering issue of Madrassa Reforms and has asked the seminaries to update their curriculum at the earliest. The reforms plan for the Madaris has been under the spotlight since after th
Published 21 Oct, 2011 12:00am
Poverty figures

Poverty figures

Controversies of all sorts - the latest one on poverty figures - preoccupy Pakistan. As a nation we refuse to accept realities and love to always remain in the denial mood. We blame others for our own wrongdoings - every trouble is handiwork of self-assum
Published 21 Oct, 2011 12:00am
Risks and unfair advantages in asset management - II

Risks and unfair advantages in asset management - II

Generally, a mutual fund is a diversified assortment of stocks, bonds, or other so-called assets. When a person buys a diversified portfolio of mutual funds, in many cases, they are buying the same stocks in different mutual funds. This is not diversifica
Published 21 Oct, 2011 12:00am
Five common afflictions of sales teams

Five common afflictions of sales teams

I've been a part of many sales teams in my career, and over and over I've noticed five common afflictions that affect them, each of which reduces morale and sales performance. They can be found to some degree in most almost every organisation. Smart manag
Published 21 Oct, 2011 12:00am
Reduced poverty in Pakistan

Reduced poverty in Pakistan

Recently, there is a debate going on about the poverty estimates and poverty reduction in various daily newspapers. The surprising information is that Pakistan poverty is reduced from 22.3 percent to 17.2 percent during 2000-2008. There are many reasons f
Published 21 Oct, 2011 12:00am
Sixth Expo: mismanagement

Sixth Expo: mismanagement

The TDAP is organising 6th Expo Pak at Karachi from October 20-23 to promote the Pakistani products' exports. But, due to a non-serious attitude of the concerned officials, the exhibition is facing great difficulties. The exhibition was to start from Octo
Published 21 Oct, 2011 12:00am
Breeding of dengue virus: 34 Katchi Abadis declared as high-risk zones

Breeding of dengue virus: 34 Katchi Abadis declared as high-risk zones

Capital Development Authority (CDA) has declares 34 Katchi Abadis as high risk zones instrumental in breeding of dengue mosquitoes, major cause of increasing dengue fever. Dr Hassan Urooj, Director Health CDA told Business Recorder Thursday, "The e
Published 21 Oct, 2011 12:00am
Seven outlaws held

Seven outlaws held

Police nabbed seven outlaws from various areas of the city here on Thursday and recovered stolen CNG kit, 1.360kg hashish, heroin, wine and weapons from their possession, a police spokesman said. According to details, the police nabbed 3 persons possessin
Published 21 Oct, 2011 12:00am
Imran's book 'Pakistan: A Personal History' launched

Imran's book 'Pakistan: A Personal History' launched

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan Thursday launched his book 'Pakistan: A Personal History', a beautiful compendium featuring his most iconic styles as well as depicting insight into his personal archivements. Speaking on the occasion, Imran
Published 21 Oct, 2011 12:00am
Chinese PLA sends medical team to Pakistan

Chinese PLA sends medical team to Pakistan

To supplement the efforts of the Chinese government in helping Pakistan fight the floods in the Sindh province, the Chinese People's Liberation Army (PLA) has sent a 50-member medical team carrying 50 tons of flood relief aid to Pakistan. The PLA medical
Published 21 Oct, 2011 12:00am
Babar Awan's application against Sanaullah disposed of

Babar Awan's application against Sanaullah disposed of

The Supreme Court (SC) on Thursday disposed of Babar Awan's application against Punjab Law Minister Rana Sanaullah for his reported statement that the former federal law minister was liable to be killed. However, the SC said in its observation that Dr Bab
Published 21 Oct, 2011 12:00am
Etihad Airways to begin flights to Tripoli

Etihad Airways to begin flights to Tripoli

Etihad Airways, the national airline of the United Arab Emirates, has announced that it will soon begin flights to Tripoli and thus the Libyan capital will become the fifth North African destination for the carrier. According to a airlines spokesperson, h
Published 21 Oct, 2011 12:00am
Financial constraints': no positive impact on prolonged loadshedding

Financial constraints': no positive impact on prolonged loadshedding

The government has added 3000 mega watts of the electricity to the national grid in last 18 months but that also have no positive impact on prolonged load-shedding due to financial constraints in purchasing furnace oil to Independent Power Producers (IPPs
Published 21 Oct, 2011 12:00am
'Authorities bring Railways to the verge of disaster'

'Authorities bring Railways to the verge of disaster'

Office bearers of the three labour unions of Pakistan Railways (PR) agreed that corruption, political interference, negligence of Railway authorities and mismanagement, are the main causes that have brought Railways on the verge of disaster.
Published 21 Oct, 2011 12:00am
Toll rises to 258: dengue fever claims six more lives

Toll rises to 258: dengue fever claims six more lives

Six more people lost their lives due to dengue fever, raising the total number of deaths due to this deadly virus to 258 in Punjab and 230 in Lahore. Director Information Management System Dr Anwar Janjoa told reporters at media briefing regarding dengue
Published 21 Oct, 2011 12:00am
UHS notification

UHS notification

University of Health Sciences (UHS) has on Thursday issued the provisional merit list for admission to medical/dental institutions of the Punjab. On the basis of this merit list, the candidates will be admitted to as many as 18 public sector medical and d
Published 21 Oct, 2011 12:00am
Engine failure four-seater plane makes crash landing

Engine failure four-seater plane makes crash landing

A four-seater one engine Cessna plane of a private airliner crash landed due to engine failure on Thursday, 50 km off the outskirts of Karachi towards Hyderabad off Super Highway, a Civil Aviation source said. "The three occupants including the pilot of t
Published 21 Oct, 2011 12:00am
Couple found murdered

Couple found murdered

Police recovered on Thursday two slaughtered bodies of a couple from Allama Iqbal colony in the limits of Tipu Sultan Police station. Police said that the couple had got married at freewill some two and a half years ago. The victims were identified as Sha
Published 21 Oct, 2011 12:00am
Rotary's contribution in education, literacy

Rotary's contribution in education, literacy

Rotary Pakistan has been actively involved in providing support to the education and literacy. Its main area of focus in the field of education is to work for the development of primary education and to also provide support for quality higher level educat
Published 21 Oct, 2011 12:00am
Service providers need to e-register themselves: SRB issues circular

Service providers need to e-register themselves: SRB issues circular

Sindh Revenue Board (SRB) has issued a circular in which it has been stated that a question has arisen whether the persons, providing or rendering certain services listed in second schedule of Sindh Sales Tax on Services Act 2011, but are exempted through
Published 21 Oct, 2011 12:00am
Pakistan-Turkey Joint Business Council meets

Pakistan-Turkey Joint Business Council meets

The meeting of Pakistan-Turkey Joint Business Council (PTJBC) was held on Thursday here at the Federation of Pakistan Chambers of Commerce and Industries (FPCCI). Pakistan was represented by Amjad Rafi while Huseyin Akin represented the Turkish side.
Published 21 Oct, 2011 12:00am
Three killed in city

Three killed in city

At least three persons were killed in separate incidents at various parts of the metropolis here on Thursday. According to the police, a rickshaw driver was shot dead at Seven Stars Society near Gannah Mandi within the limits of Sohrab Goth police station
Published 21 Oct, 2011 12:00am
Over 24 suspects arrested

Over 24 suspects arrested

Law Enforcement Agencies (LEAs) on Thursday claimed to have nabbed over two-dozen suspects in separate raids at various parts of the metropolis. According to sources, the LEAs during search operation at Dalmia area detained 20 suspects and recovered arms
Published 21 Oct, 2011 12:00am
Commission to compensate Karachi violence victims

Commission to compensate Karachi violence victims

Sindh government on Thursday decided to form a commission so that it could compensate the families of those who became victims of targeted killings in Karachi. The Supreme Court in its order had directed the provincial government to compensate the affecte
Published 21 Oct, 2011 12:00am
'Rising gap between supply and demand of oil, gas to be a big challenge'

'Rising gap between supply and demand of oil, gas to be a big challenge'

The increasing gap between supply and demand of oil and gas in the country would be a big challenge in the years to come. These views were expressed by Moin Raza Khan, General Manager (Exploration), Pakistan Petroleum Limited (PPL) while speaking on the t
Published 21 Oct, 2011 12:00am
APTPMA chief concerned at 82 percent hike in water tariff

APTPMA chief concerned at 82 percent hike in water tariff

Chairman, All Pakistan Textile Processing Mills Association (APTPMA), Arif Lakhani, has expressed concern over 82 percent increase in water tariff and persisting water shortage in Site industrial area. He lashes out at Karachi Water and Sewerage Board (KW
Published 21 Oct, 2011 12:00am
'Expo Pakistan to help explore Atlantic markets'

'Expo Pakistan to help explore Atlantic markets'

The Expo Pakistan 2011 Fair will open new trade avenues for local businessmen particularly the farthest ones of South America to export a variety of products across the Atlantic markets, the exhibitors said on Thursday. A number of exhibitors displayed th
Published 21 Oct, 2011 12:00am
CEO Tundra Fonder sees Pakistan as long-term investment destination

CEO Tundra Fonder sees Pakistan as long-term investment destination

Mattias Martinsson, CEO of Tundra Fonder, an emerging markets fund based in Sweden, has expressed confidence in Pakistan as a long--term investment destination. Talking to reporters on Thursday Martinsson said that his company was investing in Pakistan ca
Published 21 Oct, 2011 12:00am
One more polio case reported in Thatta

One more polio case reported in Thatta

In spite of splurging millions of rupees in September to prevent spreading polio menace in Sindh, one more polio case has been reported in Thatta district, moving the counter to 19 in the province, Business Recorder learnt on Thursday.
Published 21 Oct, 2011 12:00am
Seminar

Seminar

The Department of Statistics, University of Sindh celebrated the World Statistics Day on Thursday. World Statistics Day is celebrated on 20 October world-wide including Pakistan to strengthen public awareness of the important work that statisticians carry
Published 21 Oct, 2011 12:00am
Poisonous liquor claims four more lives

Poisonous liquor claims four more lives

Poisonous liquor on Thursday claimed four more persons, taking the death toll to 16. According to police and rescuers, four more bodies including Ilyas, 43, Abdur Razaq, 45 and Abdur Razaq Lasi and an unknown body were brought to Jinnah Postgraduate Medic
Published 21 Oct, 2011 12:00am
'Mozambique interested in trade with Pakistan'

'Mozambique interested in trade with Pakistan'

Honorary Consul General of Mozambique (Designate) in Pakistan, Castigo J.C.Langa has said that lot of opportunities exist in both the countries to boost two-way trade and establish units in joint ventures. He assured that he will make all possible efforts
Published 21 Oct, 2011 12:00am
GSK donates over Rs seven million for flood victims

GSK donates over Rs seven million for flood victims

GlaxoSmithKline (GSK) Pakistan has donated over Rs 7 million to help the flood victims. Keeping to its tradition to help the victims of the natural calamities GSK moved quickly to provide assistance to the people affected by the heavy monsoon rains this y
Published 21 Oct, 2011 12:00am
ECC decision to delay urea imports to hit wheat production

ECC decision to delay urea imports to hit wheat production

The ECC decision to delay urea imports, in its meeting held in Islamabad on October 13, is likely to have far reaching impact on Pakistan's economy, resulting in massive urea shortage and lower wheat production during 2011/12 as farmers don't have adequat
Published 21 Oct, 2011 12:00am
ICAP organises gold medal, certificate distribution ceremony

ICAP organises gold medal, certificate distribution ceremony

Institute of Chartered Accountants of Pakistan (ICAP) organised Gold Medal and Certificate Distribution ceremony 2011 at local hotel here on Thursday. Ebrahim Sidat FCA, Chief Executive Officer-Ernst & Young Ford Rhodes Sidat Hyder, Hanif Jhakura FCA, Chi
Published 21 Oct, 2011 12:00am
ADB providing $217.8 million loan for LBCIP

ADB providing $217.8 million loan for LBCIP

Secretary Irrigation Punjab Irfan Elahi on Thursday said Lower Bari Doab Canal Improvement Project (LBDCIP) would also cover the rehabilitation of Balloki barrage complex and rehabilitation/modernisation of Lower Bari Doab canal and its distributaries as
Published 21 Oct, 2011 12:00am
HBL Asset Management's rating maintained

HBL Asset Management's rating maintained

JCR-VJS Credit Rating Company Limited has maintained the Management Quality Rating of HBL Asset Management Limited (HBL AMC) at 'AM3+' (AM - Three Plus). Outlook on the rating has been revised from 'Stable' to 'Positive'.
Published 21 Oct, 2011 12:00am
HBL Asset Management's rating maintained

HBL Asset Management's rating maintained

JCR-VJS Credit Rating Company Limited has maintained the Management Quality Rating of HBL Asset Management Limited (HBL AMC) at 'AM3+' (AM - Three Plus). Outlook on the rating has been revised from 'Stable' to 'Positive'.
Published 21 Oct, 2011 12:00am
Need stressed to scale up HTSP services in Pakistan

Need stressed to scale up HTSP services in Pakistan

At the end of this month, the population of the world reaches seven billion. With the population of Pakistan standing at 174 million (officially) and growing rapidly, and with the highest unmet needs for healthy timing and spacing of pregnancies (HTSP) oc
Published 21 Oct, 2011 12:00am
PPMA opposes granting MFN status to India

PPMA opposes granting MFN status to India

Pakistan Pharmaceutical Manufacturers Association (PPMA) has expressed strong reservations over the government plan to give Most Favoured Nation (MFN) status to India, saying that the plan, if materialised, would cause harm to the local pharmaceutical ind
Published 21 Oct, 2011 12:00am
Match-fixing scam: call for probing Imran's alleged involvement

Match-fixing scam: call for probing Imran's alleged involvement

Senior leader of Pakistan Muslim League-Nawaz, Khawaja Muhammad Asif has said that the disclosure of Pakistani cricketer Salman Butt during cricket corruption case proceedings before British Queen Jury that in the bargaining of gambling amount with Mazhar
Published 21 Oct, 2011 12:00am
USAID programme: agriculturists to get 50 percent aid for new tube wells

USAID programme: agriculturists to get 50 percent aid for new tube wells

USAID in collaboration with Faisalabad Electric Supply Company (Fesco) has launched an ambitious programme to replace old and inefficient agriculture tube wells with energy efficient tube wells with 50 percent subsidy from US. According to a press release
Published 21 Oct, 2011 12:00am
Noted scholar killed

Noted scholar killed

A noted academician, professor Sanaullah Khan Janikhel was killed by unknown assailants here on Thursday, police said. Khan, who was posted at Degree Collage for Boys Bannu was on his way to bazaar when masked men on motorbike opened indiscriminate firing
Published 21 Oct, 2011 12:00am
People to opt for 'joint qurbani' this year

People to opt for 'joint qurbani' this year

With the skyrocketing prices of sacrificial animals in the provincial capital, a large number of faithful have decided to opt for combined sacrifice of animals on the forthcoming Eid-ul-Azha. According to a survey, majority of the middle group earners wou
Published 21 Oct, 2011 12:00am
Railways employees: payment backlog to be cleared before Eid

Railways employees: payment backlog to be cleared before Eid

Pakistan Railways General Manager, Saeed Akhtar claimed here on Thursday that the backlog of pay and pensions of the railway employees will be cleared before Eid-ul-Azha after the payment of another two billion to be organised by the finance division.
Published 21 Oct, 2011 12:00am
PML-N set to hold 'Go Zardari Go rally' on October 28

PML-N set to hold 'Go Zardari Go rally' on October 28

Pakistan Muslim League-Nawaz (PML-N) is all set to hold 'Go Zardari Go' rally on October 28th, which would start from Nasir Bagh and conclude at Bhatti Chowk. The PML-N had earlier announced to hold rally on October 26 but extended date to ensure maximum
Published 21 Oct, 2011 12:00am
Removal of PTI flexes, hoarding protested

Removal of PTI flexes, hoarding protested

Pakistan Tehreek-e-Insaf (PTI) Lahore region Thursday held a protest against the local administration's act of removing PTI flexes, hoarding and banners related to its October 30 public meeting at Minar-e-Pakistan. The protest was led by PTI Lahore Presid
Published 21 Oct, 2011 12:00am
'70 percent world population will shift to cities by 2030'

'70 percent world population will shift to cities by 2030'

About 70 percent population of the world will shift to cities by 2030 that will cause many crises including food security, increasing pollution and health hazards for the developing countries like Pakistan, said Pakistan Atomic Energy Commission Chairman,
Published 21 Oct, 2011 12:00am
Industry, academia link termed necessary

Industry, academia link termed necessary

The industry-academia link is necessary to boost up the trade and industry in the country, said Muzammil Sultan, President FCCI, at a seminar on "Entrepreneur-ship Day" at the University of Faisalabad. School of Management Studies of the varsity (TUF), Am
Published 21 Oct, 2011 12:00am
US MIDDAY: gold down two percent

US MIDDAY: gold down two percent

Gold fell 2 percent on Thursday, on track for its biggest one-day drop in two weeks, hurt by technical selling and anxiety over whether European leaders can reach a deal to boost the region's bailout fund. Bullion dipped again with stocks and commodities
Published 21 Oct, 2011 12:00am
US MIDDAY: copper crumbles

US MIDDAY: copper crumbles

Copper prices tumbled nearly 7 percent on Thursday, the biggest one-day collapse in four weeks, on fears of a double-dip recession and growing doubts that Europe will get a handle on its debt crisis.
Published 21 Oct, 2011 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

US soya fell over 1 percent early on Thursday, dropping for the fourth straight day due to profit taking, unwinding of soya/corn spreads and harvest pressure. Soybeans were also pressured by concern over demand from China, the world's top buyer of the oil
Published 21 Oct, 2011 12:00am
Gold remains lower

Gold remains lower

Gold fell for a fourth consecutive day on Thursday, moving more closely in tandem with the stock market than at any time in the last six months as investors attached a waning chance of a prompt fix for Europe's debt crisis. Palladium fell, paring gains ma
Published 21 Oct, 2011 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell on Thursday in its fourth consecutive daily decline, moving more closely in tandem with the stock market than at any time in the last six months, as concern about Europe's debt crisis weighed on most asset classes. Palladium rose following data
Published 21 Oct, 2011 12:00am
US gold stays lower

US gold stays lower

Gold fell for a third consecutive session on Wednesday, moving once again in tandem with riskier assets, as jittery investors sold on a lack of progress over eurozone debt talks and an uncertain US economic outlook. Spot gold was down 0.9 percent at $1,64
Published 21 Oct, 2011 12:00am
Coffee, sugar and cocoa decline

Coffee, sugar and cocoa decline

ICE coffee, sugar and cocoa futures slid along with other commodity markets on Thursday, as investors dumped riskier assets on mounting concern about the eurozone's debt crisis. "It's a down day in the softs markets," said Jack Scoville, senior analyst fo
Published 21 Oct, 2011 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures dropped on Thursday as investors' avoided risky assets on concerns that a key European leaders' summit may not reach a consensus on the debt crisis in the region. Losses, however, were limited as market players came back later i
Published 21 Oct, 2011 12:00am
US soyabeans fall over two percent

US soyabeans fall over two percent

US soyabean futures fell more than 2 percent on Wednesday, declining for the third day in a row as investors banked profits on long soyabean/short corn spreads they put on after a government crop report last week. Corn and wheat retreated from early gains
Published 21 Oct, 2011 12:00am
Tokyo rubber futures hit 14-month low

Tokyo rubber futures hit 14-month low

Renewed worries about Europe's debt crisis dragged Tokyo rubber futures to their lowest level in 14 months on Thursday, below the key psychological level of 300 yen, with weaker oil and share prices adding to the pressure, dealers said. The benchmark rubb
Published 21 Oct, 2011 12:00am
Brent oil rises

Brent oil rises

Brent crude prices rose on Thursday in volatile trading after France and Germany attempted to ease investor uncertainty by saying Sunday's summit to address the eurozone debt problems would go on and a second meeting would be held no later than Wednesday.
Published 21 Oct, 2011 12:00am
Copper falls over 6.6 percent

Copper falls over 6.6 percent

Copper tumbled more than six percent to two-week lows on Thursday as markets priced in a deteriorating economic outlook and lower metals demand, given fading prospects that a deal to buttress the eurozone rescue fund will be reached at crisis talks this w
Published 21 Oct, 2011 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

Shanghai copper closed down at its maximum 6 percent limit on Thursday while London prices fell for a fourth straight session on mounting fears an economic slowdown in the eurozone and the United States would erode demand for industrial metals.
Published 21 Oct, 2011 12:00am
US copper extends losses

US copper extends losses

Copper extended losses to nearly 4 percent in late trade on Wednesday, tracking a negative turn in equities, after the US Federal Reserve said in its Beige Book survey that economic prospects appeared to be dimming. In New York, the key December COMEX con
Published 21 Oct, 2011 12:00am
New York cotton ends at 14-month low

New York cotton ends at 14-month low

Cotton futures settled at a 14-month low on Thursday on investor liquidation as nagging worries about the eurozone debt crisis and weak fibre demand pushed the market below a key support level, analysts said. The December cotton contract on ICE Futures US
Published 21 Oct, 2011 12:00am
Commodity trade in Pakistan

Commodity trade in Pakistan

A commodity exchange is a market where buyers and sellers of commodities can interact. Typically these exchanges offer standardised contracts with varying maturities called 'futures contracts'. These contracts may be 'cash settled' or 'physical delivery-b
Published 21 Oct, 2011 12:00am
Commodity trade in Pakistan

Commodity trade in Pakistan

A commodity exchange is a market where buyers and sellers of commodities can interact. Typically these exchanges offer standardised contracts with varying maturities called 'futures contracts'. These contracts may be 'cash settled' or 'physical delivery-b
Published 21 Oct, 2011 12:00am
Persons removed from ATL will pay taxes, if required: FBR

Persons removed from ATL will pay taxes, if required: FBR

The Federal Board of Revenue on Thursday conveyed to the business community it was a misconception that the persons removed from the Active Taxpayer List (ATL) can't pay taxes, but all persons removed from ATL will pay taxes if required.
Published 21 Oct, 2011 12:00am
Pakistan seeks friendly ties with India: Khar

Pakistan seeks friendly ties with India: Khar

Foreign Minister Hina Rabbani Khar on Thursday said that Pakistan seeks friendly relations with India based on mutual respect. She stated this during a meeting with Indian High Commissioner Sharat Sabharwal here at the Foreign Office.
Published 21 Oct, 2011 12:00am
US fears more plots from Iran's Quds Force

US fears more plots from Iran's Quds Force

The United States believes Iran's shadowy Quds Force is becoming increasingly aggressive overseas and may be working on other international plots beyond the alleged plan to kill Saudi Arabia's ambassador to Washington, three US officials told Reuters.
Published 21 Oct, 2011 12:00am
Amitabh Bachchan gets Australian doctorate

Amitabh Bachchan gets Australian doctorate

Bollywood legend Amitabh Bachchan was awarded an honorary doctorate for his services to cinema Thursday in a ceremony in Australia featuring congratulations from renowned director Baz Luhrmann. Bachchan initially turned down the award from the Queensland
Published 21 Oct, 2011 12:00am
Chavez declares himself free of cancer

Chavez declares himself free of cancer

Venezuelan leader Hugo Chavez declared himself cancer-free on Thursday, four months after surgery to remove a cancerous tumour that shook the South American nation ahead of a 2012 presidential vote. "I am free of illness," Chavez, 57, said in an address t
Published 21 Oct, 2011 12:00am
Thailand struggles to cope with floods, Prime Minister wants unity

Thailand struggles to cope with floods, Prime Minister wants unity

Prime Minister Yingluck Shinawatra said on Thursday Thailand was in crisis and the government was struggling to cope as the worst floods in half a century threatened to engulf the capital, Bangkok. Yingluck, under fire for her management of the flooding t
Published 21 Oct, 2011 12:00am
Sarkozy voices 'profound but private joy' at baby birth

Sarkozy voices 'profound but private joy' at baby birth

France's President Nicolas Sarkozy on Thursday described his "profound but private joy" at the birth of his daughter after visiting his wife Carla Bruni-Sarkozy and the new-born at a Paris clinic. The baby girl was born late on Wednesday, and the presiden
Published 21 Oct, 2011 12:00am
Turkish forces hunt PKK

Turkish forces hunt PKK

Hundreds of Turkish commandos backed by helicopter gunships attacked Kurdish militants in northern Iraq on Thursday, officials said, in an offensive to avenge the deaths of 24 soldiers a day earlier. Turkish security officials estimated their forces, numb
Published 21 Oct, 2011 12:00am
Vatican asks Hindus to fight anti-Christian propaganda

Vatican asks Hindus to fight anti-Christian propaganda

The Vatican on Thursday asked Hindus to fight "hateful propaganda" and allow Christians to practise their religion freely, in a message delivered to mark the upcoming festival of light, Diwali. The message, signed by the head and deputy head of the Pontif
Published 21 Oct, 2011 12:00am
US shuts north Iraq division ahead of pullout

US shuts north Iraq division ahead of pullout

The US military closed its north Iraq division on Thursday, leaving 18 bases in the country ahead of a year-end pullout, with Baghdad and Washington still at an impasse over a future troop deal. The closure of US Division-North was the latest in an operat
Published 21 Oct, 2011 12:00am
Sadr bloc warns over keeping US military

Sadr bloc warns over keeping US military

Iraqi lawmakers backing anti-American cleric Moqtada al-Sadr said on Thursday they would disrupt the power-sharing government if it concludes any deal to keep US forces in Iraq after 2011. Iraq's government is in talks over whether US troops stay in the c
Published 21 Oct, 2011 12:00am
Iran sentences reformist journalist

Iran sentences reformist journalist

Iran has sentenced a reformist journalist, Abdolreza Tajik, to six year in prison after he was convicted of propaganda against the regime, the governmental Iran newspaper reported on Thursday. The report said that Tajik was arrested in June 2010 and charg
Published 21 Oct, 2011 12:00am
China, Taiwan sign nuclear safety pact

China, Taiwan sign nuclear safety pact

China and Taiwan on Thursday signed an agreement to cooperate on the safety of nuclear power in the wake of Japan's atomic crisis this year. Under the deal, agreed by top negotiators from the two sides during talks in the eastern Chinese city of Tianjin,
Published 21 Oct, 2011 12:00am
Kenyan, Somali troops advance on rebels

Kenyan, Somali troops advance on rebels

Kenyan and Somali troops advanced on an Islamist-held town in southern Somalia on Thursday and African Union peacekeepers moved on one of the last pockets under militant control in the capital Mogadishu. Nairobi launched a cross-border incursion into Soma
Published 21 Oct, 2011 12:00am
Umar hits maiden double hundred, Sri Lanka fight for survival

Umar hits maiden double hundred, Sri Lanka fight for survival

Sri Lanka were fighting to save the first Test under a heavy 300-plus deficit after Pakistani opener Taufiq Umar hit his maiden double hundred on the third day here on Thursday. Shot out for a low score of 197, Sri Lanka closed on 47-1 after Umar hit a se
Published 21 Oct, 2011 12:00am
Umar happy at fulfilling desire

Umar happy at fulfilling desire

Pakistani opener Taufiq Umar said he had achieved a burning desire to score the Test double hundred which set his team on course for a big win in the first of three Tests against Sri Lanka on Thursday. The 31-year-old left-handed batsman notched a patient
Published 21 Oct, 2011 12:00am
Gayle asked to withdraw criticism

Gayle asked to withdraw criticism

Former West Indies captain Chris Gayle was on Thursday told to retract his bitter criticism of the region's governing body if he wanted to resurrect his international career. The West Indies Cricket Board (WICB) told the big-hitting batsman that they are
Published 21 Oct, 2011 12:00am
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