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Archive - 2011-10-25
Newmont project in Peru
Industry

Newmont project in Peru

LIMA : Townspeople in northern Peru are demanding an end to construction of the $4.8 billion Minas Conga gold mine
Published 25 Oct, 2011 07:02pm
Lecture on Sufism in Pakistan
Arts

Lecture on Sufism in Pakistan

LAHORE: Punjab University's Department of French organized a lecture on Sufism in Pakistan on Tuesday. Department Inchar
Published 25 Oct, 2011 06:27pm
LSE gains 13.86 points
Markets

LSE gains 13.86 points

LAHORE: Lahore Stock Exchange gained 13.86 points on Tuesday, as LSE-25 index opened with 3176.47 and closed at 3190.33
Published 25 Oct, 2011 04:58pm
Turkey quake toll rises to 432: official
Top News

Turkey quake toll rises to 432: official

ISTANBUL: The death toll from a 7.2-magnitude earthquake that struck eastern Turkey rose to 432 Tuesday, according to fi
Published 25 Oct, 2011 02:27pm
KCCI to explore Nigerian markets
Top News

KCCI to explore Nigerian markets

KARACHI : The Karachi Chamber of Commerce and Industry (KCCI) would explore the Nigerian market in order to find opportu
Published 25 Oct, 2011 12:03pm
Hong Kong shares rise 1.05pc
Financial

Hong Kong shares rise 1.05pc

HONG KONG: Hong Kong shares closed 1.05 percent higher on Tuesday, lifted by an improvement in China's manufacturing act
Published 25 Oct, 2011 08:17am
Turkish quake toll rises to 366
Europe

Turkish quake toll rises to 366

ISTANBUL: A 7.2-magnitude earthquake that struck eastern Turkey killed 366 people and injured some 1,300, the emergency
Published 25 Oct, 2011 08:01am
Libya's NTC says buried Qaddafi at dawn
Top News

Libya's NTC says buried Qaddafi at dawn

CAIRO : Libya 's National Transitional Council (NTC) buried Muammar Qaddafi at an unknown location at dawn on Tuesday,
Published 25 Oct, 2011 07:05am
Panetta to press Japan on base move
Top News

Panetta to press Japan on base move

TOKYO: US Defense Secretary Leon Panetta will tell Japanese leaders Tuesday they need to press ahead with the relocation
Published 25 Oct, 2011 06:42am
Vietnam Oct coffee exports down 47.4pc
Top News

Vietnam Oct coffee exports down 47.4pc

HANOI: Coffee exports in October from Vietnam, the world's second-biggest producer after Brazil, slipped 47.4 percent fr
Published 25 Oct, 2011 05:26am
Vietnam Jan-Oct rice exports up 8.5pc
Top News

Vietnam Jan-Oct rice exports up 8.5pc

HANOI: Vietnam's rice export between January and October rose 8.5 percent from a year ago to an estimated 6.38 million t
Published 25 Oct, 2011 05:16am
Japan urges Europe to close debt deal
Top News

Japan urges Europe to close debt deal

TOKYO: Japanese Finance Minister Jun Azumi on Tuesday said Europe was close to a resolution of its debt crisis and urged
Published 25 Oct, 2011 05:05am
Four killed in Lower Dir bomb attack
Top News

Four killed in Lower Dir bomb attack

PESHAWAR: A powerful roadside bomb ripped through a car in northwest on Tuesday killing at least four people, police sa
Published 25 Oct, 2011 04:20am
Trade deficit widens
BR Research

Trade deficit widens

According to the provisional figures of imports and exports, the balance of trade figures cumulative from July - September 2011 show a defic
Published 25 Oct, 2011 12:00am
PTC gaining pace
BR Research

PTC gaining pace

Pakistan Tobacco Company, an associate of one of the biggest tobacco groups "British American Tobacco Company", and the first multinational
Published 25 Oct, 2011 12:00am
Miners boost European shares

Miners boost European shares

European shares closed higher after choppy trading on Monday with Chinese economic data buoying miners and eurozone banks reversing early weakness on progress towards a deal on the eurozone's debt crisis. London-listed base metals miners including Antofag
Published 25 Oct, 2011 12:00am
Taiwan stocks at one-month high

Taiwan stocks at one-month high

Taiwan stocks ended 2.97 percent higher on Monday, joining regional peers in a bounce on hopes that Europe's leaders were making progress on its debt crisis, and as data from China helped allay fears of a hard landing. However computer maker Acer Inc fell
Published 25 Oct, 2011 12:00am
Monday's afternoon trade: Caterpillar's strong earnings lift Wall Street

Monday's afternoon trade: Caterpillar's strong earnings lift Wall Street

US stocks rose on Monday, adding to three weeks of gains by the S&P 500, after strong earnings from Caterpillar and some proposed acquisitions boosted investor sentiment. Equities have risen on optimism over a possible resolution to Europe's sovereign deb
Published 25 Oct, 2011 12:00am
Nikkei average rises

Nikkei average rises

The Nikkei stock average rose nearly 2 percent on Monday, shrugging off further yen strength and hits to production from Thailand's floods, after the weekend yielded signs of progress on a plan to contain the eurozone's sovereign debt crisis. European Uni
Published 25 Oct, 2011 12:00am
Nasdaq Dubai to re-launch derivatives market: CEO

Nasdaq Dubai to re-launch derivatives market: CEO

Nasdaq Dubai will relaunch its derivatives market, targeting regional institutions wanting to hedge their share portfolios, the exchange's chief executive told Reuters on Monday. The bourse, owned by Dubai Financial Market, launched a derivatives exchange
Published 25 Oct, 2011 12:00am
Vatican urges economic reforms, condemns collective greed

Vatican urges economic reforms, condemns collective greed

The Vatican called on Monday for sweeping reforms of the world economy and the creation of a ethical, global authority to regulate financial markets as demonstrations against corporate greed continued to spring up in major cities across the globe.
Published 25 Oct, 2011 12:00am
ECB doubles bond buys as yields rise

ECB doubles bond buys as yields rise

The European Central Bank made its heaviest interventions in five weeks on the sovereign bond markets last week as eurozone governments sought to prevent a disorderly Greek default and peripheral debt yields rose after bond auctions. ECB figures published
Published 25 Oct, 2011 12:00am
Trichet wants more eurozone power over states

Trichet wants more eurozone power over states

Eurozone authorities should in future have greater powers to influence the economic policies of countries in the bloc if a member persistently fails to meet economic targets, ECB President Jean-Claude Trichet said on Monday. In a speech entitled "Tomorrow
Published 25 Oct, 2011 12:00am
China urges EU to reach debt deal without delay

China urges EU to reach debt deal without delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece. "We hope that the EU countri
Published 25 Oct, 2011 12:00am
Cigna to buy HealthSpring for $3.8 billion

Cigna to buy HealthSpring for $3.8 billion

Health insurer Cigna Corp will buy HealthSpring Inc for $3.8 billion to jump-start its business selling Medicare plans as more elderly Americans become eligible for the US government programme. Medicare is an enticing market for US health insurers, even a
Published 25 Oct, 2011 12:00am
China's flash PMI rebounds

China's flash PMI rebounds

China's vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world's second-largest economy. HSBC's fl
Published 25 Oct, 2011 12:00am
Sarkozy 'sick' of Cameron's EU interference

Sarkozy 'sick' of Cameron's EU interference

French President Nicolas Sarkozy launched a scathing attack on British Prime Minister David Cameron at Sunday's EU summit, saying he was "sick of him telling us what to do," Britain's press reported. During talks in Brussels to resolve the eurozone debt c
Published 25 Oct, 2011 12:00am
US regulator throws lifeline to underwater borrowers

US regulator throws lifeline to underwater borrowers

US homeowners who owe more than their properties are worth got new help on Monday when a US regulator expanded a government programme in a step that could help up to one million borrowers. The Federal Housing Finance Agency, which oversees mortgage financ
Published 25 Oct, 2011 12:00am
Moody's puts negative outlook on Russia banking system

Moody's puts negative outlook on Russia banking system

Moody's changed its outlook of the Russian banking system to negative from stable due to a weak global recovery and market volatility that has helped cause a jump in investor capital flight. The global rating agency also said Russian growth in 2012 would
Published 25 Oct, 2011 12:00am
Saudi Arabia not to tap reserves, considers project bonds

Saudi Arabia not to tap reserves, considers project bonds

Saudi Arabia will not need to tap into its reserves this year to finance additional budget spending but it is considering whether to issue Islamic or conventional bonds to help fund specific projects, the country's Finance Minister Ibrahim Alassaf told Re
Published 25 Oct, 2011 12:00am
Saudi Arabia not to tap reserves, considers project bonds

Saudi Arabia not to tap reserves, considers project bonds

Saudi Arabia will not need to tap into its reserves this year to finance additional budget spending but it is considering whether to issue Islamic or conventional bonds to help fund specific projects, the country's Finance Minister Ibrahim Alassaf told Re
Published 25 Oct, 2011 12:00am
Indian airlines to allow foreign investment

Indian airlines to allow foreign investment

The Indian government may lift a ban on foreign airlines investing in the country's domestic carriers as they battle intense competition and high fuel costs, the Economic Times said on Monday. The financial daily said the country's aviation ministry had g
Published 25 Oct, 2011 12:00am
BP avoids suit from Russia partner

BP avoids suit from Russia partner

BP's Russia joint venture on Monday decided against joining a multi-billion-dollar suit against two directors of the British giant over its failed tie-up with state-held Rosneft. BP Russia spokesman Vladimir Buyanov said the nine-member board of TNK-BP "v
Published 25 Oct, 2011 12:00am
Kazakhstan hires Blair as consultant for economic policies

Kazakhstan hires Blair as consultant for economic policies

Kazakhstan said Monday it has hired Britain's ex-prime minister Tony Blair as a consultant to attract new investment to the Central Asian state, on a contract reportedly worth millions of dollars. The hire marks a major coup for strongman President Nursul
Published 25 Oct, 2011 12:00am
Russian grain prices decline

Russian grain prices decline

Russian domestic grain prices declined again last week as the harvesting campaign in the country approached a close, analysts said on Monday. Average third-grade milling wheat EXW prices declined by 75 roubles ($2.42) to 5,850 roubles ($188.39) per tonne,
Published 25 Oct, 2011 12:00am
Australia on track to reap near record wheat crop

Australia on track to reap near record wheat crop

Australia is on track to reap a near-record wheat crop in 2011/12 thanks to benign weather in the country's top grain exporting state of Western Australia, analysts and traders said on Monday. The world's fourth largest shipper of the grain could export a
Published 25 Oct, 2011 12:00am
US wheat up over one percent on EU optimism

US wheat up over one percent on EU optimism

US wheat rose more than 1 percent on Monday, gaining for a third straight session, while corn was up 0.9 percent as European leaders moved closer to a plan to resolve the region's debt issues at a weekend meeting. Corn and soyabeans were also underpinned
Published 25 Oct, 2011 12:00am
China's September refined copper imports at 16-month high

China's September refined copper imports at 16-month high

China's imports of refined copper rose 17 percent on the month in September to hit a 16-month high on improved margins and increased stocking ahead of a peak demand season. Arrivals of refined copper to the world's top consumer rose to 275,499 tonnes in S
Published 25 Oct, 2011 12:00am
Asia's naphtha price around two-week low

Asia's naphtha price around two-week low

Asia's naphtha price was around a two-week low on Monday but cracks hovered at a 15-month low and timespreads fell to their lowest in about three months as sentiment deteriorated further due to sluggish petrochemical demand. China's manufacturing sector p
Published 25 Oct, 2011 12:00am
Rains boost Ivorian cocoa crop

Rains boost Ivorian cocoa crop

Ivory Coast's main cocoa-growing regions enjoyed good rains mixed with sunny spells last week, boosting the development of the main cocoa crop, but there were signs of black pod disease in some areas, farmers said on Monday. Ivory Coast, the world's top c
Published 25 Oct, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 75,947 tonnes of cargo comprising 56,693 tonnes of import cargo and 19,254 tonnes of export cargo including 3,882 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 56,693 tonne
Published 25 Oct, 2011 12:00am
US Plains HRW wheat bids firmer

US Plains HRW wheat bids firmer

Hard red winter wheat basis bids were steady to firmer on Monday as demand continued to be strong for both domestic and export channels. Basis bids were 5-8 cents firmer in some Kansas locations. Rail car offers were light, leaving pipelines thin. Kansas
Published 25 Oct, 2011 12:00am
Message from President Azad Jammu and Kashmir

Message from President Azad Jammu and Kashmir

This is an historical day for Azad Kashmir as well s the freedom struggle of the people of occupied Kashmir. Kashmiri people and its leadership crossed an important milestone of independence of Kashmir on 24 October, 1947. This day demands the reiteration
Published 25 Oct, 2011 12:00am
24 October, 64th Youm-e-Tasees of Azad Jammu and Kashmir

24 October, 64th Youm-e-Tasees of Azad Jammu and Kashmir

Azad Jammu and Kashmir became an independent State on 24 October, 1947. This beautiful state, heaven on earth with breathtaking sights and sounds has a history of constant struggle against oppression. Right from 1846 when Amritsar pact took place till 194
Published 25 Oct, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (October 24, 2011).

Published 25 Oct, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (October 24, 2011).
Published 25 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 24, 2011).

Published 25 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 24, 2011).

Published 25 Oct, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (October 24, 2011).

Published 25 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Monday (October 24, 2011) and the forecast for Tuesday (October 25, 2011).

Published 25 Oct, 2011 12:00am
Karzai backtracks on Pakistan remarks

Karzai backtracks on Pakistan remarks

President Hamid Karzai sought to distance himself Monday from controversial remarks made in an interview in which he said Afghanistan would back Pakistan against the US if the two ever came to blows. The presidential palace said Karzai's comments, made in
Published 25 Oct, 2011 12:00am
Karzai backtracks on Pakistan remarks

Karzai backtracks on Pakistan remarks

President Hamid Karzai sought to distance himself Monday from controversial remarks made in an interview in which he said Afghanistan would back Pakistan against the US if the two ever came to blows. The presidential palace said Karzai's comments, made in
Published 25 Oct, 2011 12:00am
SBP required to inject Rs 650 billion in financial system

SBP required to inject Rs 650 billion in financial system

The State Bank of Pakistan will have to inject an additional Rs 600 to Rs 650 billion before Eid-ul-Azha in order to avoid the abilities of financial system from choking up. SBP has consistently injected Rs 250 billion every quarter to keep the wheels of
Published 25 Oct, 2011 12:00am
SBP required to inject Rs 650 billion in financial system

SBP required to inject Rs 650 billion in financial system

The State Bank of Pakistan will have to inject an additional Rs 600 to Rs 650 billion before Eid-ul-Azha in order to avoid the abilities of financial system from choking up. SBP has consistently injected Rs 250 billion every quarter to keep the wheels of
Published 25 Oct, 2011 12:00am
SBP required to inject Rs 650 billion in financial system

SBP required to inject Rs 650 billion in financial system

The State Bank of Pakistan will have to inject an additional Rs 600 to Rs 650 billion before Eid-ul-Azha in order to avoid the abilities of financial system from choking up. SBP has consistently injected Rs 250 billion every quarter to keep the wheels of
Published 25 Oct, 2011 12:00am
Bawan Shah GST scam: Sindh NAB summons senior customs officials

Bawan Shah GST scam: Sindh NAB summons senior customs officials

The National Accountability Bureau (NAB) has called senior customs officials to record their statements by October 28 in the multi-million rupees Bawan Shah Group of Companies (BSGC) general sales tax (GST) scam-a unique case detected in 2005 but still in
Published 25 Oct, 2011 12:00am
Bawan Shah GST scam: Sindh NAB summons senior customs officials

Bawan Shah GST scam: Sindh NAB summons senior customs officials

The National Accountability Bureau (NAB) has called senior customs officials to record their statements by October 28 in the multi-million rupees Bawan Shah Group of Companies (BSGC) general sales tax (GST) scam-a unique case detected in 2005 but still in
Published 25 Oct, 2011 12:00am
Bawan Shah GST scam: Sindh NAB summons senior customs officials

Bawan Shah GST scam: Sindh NAB summons senior customs officials

The National Accountability Bureau (NAB) has called senior customs officials to record their statements by October 28 in the multi-million rupees Bawan Shah Group of Companies (BSGC) general sales tax (GST) scam-a unique case detected in 2005 but still in
Published 25 Oct, 2011 12:00am
US pulls envoy out of Syria, Damascus retaliates

US pulls envoy out of Syria, Damascus retaliates

The Obama administration pulled its ambassador out of Syria over security concerns, blaming President Bashar Assad's regime for the threats that made it no longer safe for Robert Ford to remain. The Syrian government quickly ordered home its envoy to the
Published 25 Oct, 2011 12:00am
US pulls envoy out of Syria, Damascus retaliates

US pulls envoy out of Syria, Damascus retaliates

The Obama administration pulled its ambassador out of Syria over security concerns, blaming President Bashar Assad's regime for the threats that made it no longer safe for Robert Ford to remain. The Syrian government quickly ordered home its envoy to the
Published 25 Oct, 2011 12:00am
Turkey moves into Iraq near PKK camp

Turkey moves into Iraq near PKK camp

Turkish tanks and armoured vehicles crossed into northern Iraq headed in the direction of a Kurdish militant camp, Turkish security sources said on Monday. The incursion came as cross-border operations continued in the wake of last week's attack by Kurdis
Published 25 Oct, 2011 12:00am
Turkey moves into Iraq near PKK camp

Turkey moves into Iraq near PKK camp

Turkish tanks and armoured vehicles crossed into northern Iraq headed in the direction of a Kurdish militant camp, Turkish security sources said on Monday. The incursion came as cross-border operations continued in the wake of last week's attack by Kurdis
Published 25 Oct, 2011 12:00am
Economic data leaks: China jails officials

Economic data leaks: China jails officials

China has jailed two officials from the state bank and national statistics bureau for leaking sensitive economic data to securities brokers, prosecutors said Monday Sun Zhen, a former secretary at the National Bureau of Statistics (NBS), and Wu Chaoming,
Published 25 Oct, 2011 12:00am
Economic data leaks: China jails officials

Economic data leaks: China jails officials

China has jailed two officials from the state bank and national statistics bureau for leaking sensitive economic data to securities brokers, prosecutors said Monday Sun Zhen, a former secretary at the National Bureau of Statistics (NBS), and Wu Chaoming,
Published 25 Oct, 2011 12:00am
Economic data leaks: China jails officials

Economic data leaks: China jails officials

China has jailed two officials from the state bank and national statistics bureau for leaking sensitive economic data to securities brokers, prosecutors said Monday Sun Zhen, a former secretary at the National Bureau of Statistics (NBS), and Wu Chaoming,
Published 25 Oct, 2011 12:00am
Country mourns death of 'mother of democracy'

Country mourns death of 'mother of democracy'

The country on Monday mourned the death of Begum Nusrat Bhutto, the wife and mother of two former prime ministers and mother-in-law of current President Asif Ali Zardari. Government offices, educational institutions, banks and part of the private business
Published 25 Oct, 2011 12:00am
Country mourns death of 'mother of democracy'

Country mourns death of 'mother of democracy'

The country on Monday mourned the death of Begum Nusrat Bhutto, the wife and mother of two former prime ministers and mother-in-law of current President Asif Ali Zardari. Government offices, educational institutions, banks and part of the private business
Published 25 Oct, 2011 12:00am
Begum Bhutto laid to rest

Begum Bhutto laid to rest

Funeral prayers of Begum Nusrat Bhutto were offered at President House here on Monday. Mufti Abdul Raheem Kandhar led the prayers. Later, Begum Nusrat Bhutto was laid to rest beside her husband, Zulfikar Ali Bhutto, at the family graveyard in Garhi Khuda
Published 25 Oct, 2011 12:00am
Begum Bhutto laid to rest

Begum Bhutto laid to rest

Funeral prayers of Begum Nusrat Bhutto were offered at President House here on Monday. Mufti Abdul Raheem Kandhar led the prayers. Later, Begum Nusrat Bhutto was laid to rest beside her husband, Zulfikar Ali Bhutto, at the family graveyard in Garhi Khuda
Published 25 Oct, 2011 12:00am
Posthumous Nishan-i-Imtiaz

Posthumous Nishan-i-Imtiaz

The highest civil award of Nishan-i-Imtiaz and the title of Madar-i-Jamhooriayat (mother of democracy) was bestowed by the government on Pakistan's former first lady Begum Nusrat Bhutto in recognition of her services for the cause of democracy in the coun
Published 25 Oct, 2011 12:00am
Posthumous Nishan-i-Imtiaz

Posthumous Nishan-i-Imtiaz

The highest civil award of Nishan-i-Imtiaz and the title of Madar-i-Jamhooriayat (mother of democracy) was bestowed by the government on Pakistan's former first lady Begum Nusrat Bhutto in recognition of her services for the cause of democracy in the coun
Published 25 Oct, 2011 12:00am
She remained detained till death: Mumtaz

She remained detained till death: Mumtaz

Chairman, Sindh National Front (SNF), Mumtaz Bhutto, has said that Begum Nusrat Bhutto had been 'kidnapped' from Karachi and detained at Dubai for political objectives till her death. Talking to journalists here at Al-Murtaza House on Monday, he expressed
Published 25 Oct, 2011 12:00am
She remained detained till death: Mumtaz

She remained detained till death: Mumtaz

Chairman, Sindh National Front (SNF), Mumtaz Bhutto, has said that Begum Nusrat Bhutto had been 'kidnapped' from Karachi and detained at Dubai for political objectives till her death. Talking to journalists here at Al-Murtaza House on Monday, he expressed
Published 25 Oct, 2011 12:00am
Saudi envoy murder plot suspect pleads not guilty

Saudi envoy murder plot suspect pleads not guilty

An Iranian-American man who US officials say has links to Iran's security forces pleaded not guilty in federal court on Monday to plotting to kill the Saudi ambassador to Washington in a bomb attack. Manssor Arbabsiar, 56, who was arrested on September 29
Published 25 Oct, 2011 12:00am
Date for IT returns extended

Date for IT returns extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns by salaried persons, and taxpayers operating under the Presumptive Tax Regime (PTR), from October 25 to October 31, 2011. It is learnt that the FBR will issue the necess
Published 25 Oct, 2011 12:00am
Date for IT returns extended

Date for IT returns extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns by salaried persons, and taxpayers operating under the Presumptive Tax Regime (PTR), from October 25 to October 31, 2011. It is learnt that the FBR will issue the necess
Published 25 Oct, 2011 12:00am
Date for IT returns extended

Date for IT returns extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns by salaried persons, and taxpayers operating under the Presumptive Tax Regime (PTR), from October 25 to October 31, 2011. It is learnt that the FBR will issue the necess
Published 25 Oct, 2011 12:00am
Pakistan Auto Show 2011 opens

Pakistan Auto Show 2011 opens

A three-day Pakistan Auto Show 2011 (PAPS 2011), organised by Pakistan Association of Automotive Pars & Accessories Manufacturers (PAAPAM), opened at the Expo Centre here on Monday. The show will continue till October 26 to showcase the development and ad
Published 25 Oct, 2011 12:00am
Pakistan Auto Show 2011 opens

Pakistan Auto Show 2011 opens

A three-day Pakistan Auto Show 2011 (PAPS 2011), organised by Pakistan Association of Automotive Pars & Accessories Manufacturers (PAAPAM), opened at the Expo Centre here on Monday. The show will continue till October 26 to showcase the development and ad
Published 25 Oct, 2011 12:00am
Pakistan Auto Show 2011 opens

Pakistan Auto Show 2011 opens

A three-day Pakistan Auto Show 2011 (PAPS 2011), organised by Pakistan Association of Automotive Pars & Accessories Manufacturers (PAAPAM), opened at the Expo Centre here on Monday. The show will continue till October 26 to showcase the development and ad
Published 25 Oct, 2011 12:00am
SECP approves futures contract in wheat at PMEX

SECP approves futures contract in wheat at PMEX

As part of its mandate to develop and strengthen the commodities' market, the Securities and Exchange Commission of Pakistan (SECP), has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for the introduction of the futures contract in wh
Published 25 Oct, 2011 12:00am
SECP approves futures contract in wheat at PMEX

SECP approves futures contract in wheat at PMEX

As part of its mandate to develop and strengthen the commodities' market, the Securities and Exchange Commission of Pakistan (SECP), has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for the introduction of the futures contract in wh
Published 25 Oct, 2011 12:00am
SECP approves futures contract in wheat at PMEX

SECP approves futures contract in wheat at PMEX

As part of its mandate to develop and strengthen the commodities'' market, the Securities and Exchange Commission of Pakistan (SECP), has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for the introduction of the futures contract in w
Published 25 Oct, 2011 12:00am
SECP approves futures contract in wheat at PMEX

SECP approves futures contract in wheat at PMEX

As part of its mandate to develop and strengthen the commodities'''' market, the Securities and Exchange Commission of Pakistan (SECP), has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for the introduction of the futures contract in
Published 25 Oct, 2011 12:00am
Hundreds of Afghans rally against US pact

Hundreds of Afghans rally against US pact

Hundreds of Afghans took to the streets in Kabul on Monday, shouting "death to America" in an angry protest urging the government not to sign a strategic partnership with the United States. The demonstrators, many wearing turbans and carrying placards, to
Published 25 Oct, 2011 12:00am
Hundreds of Afghans rally against US pact

Hundreds of Afghans rally against US pact

Hundreds of Afghans took to the streets in Kabul on Monday, shouting "death to America" in an angry protest urging the government not to sign a strategic partnership with the United States. The demonstrators, many wearing turbans and carrying placards, to
Published 25 Oct, 2011 12:00am
WikiLeaks says 'blockade' threatens its existence

WikiLeaks says 'blockade' threatens its existence

WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by US firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday. After releasing ten
Published 25 Oct, 2011 12:00am
WikiLeaks says 'blockade' threatens its existence

WikiLeaks says 'blockade' threatens its existence

WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by US firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday. After releasing ten
Published 25 Oct, 2011 12:00am
WikiLeaks says ''blockade'' threatens its existence

WikiLeaks says ''blockade'' threatens its existence

WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by US firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday. After releasing ten
Published 25 Oct, 2011 12:00am
Turkey quake kills over 260, hundreds missing

Turkey quake kills over 260, hundreds missing

Rescuers pulled survivors from beneath mounds of collapsed buildings and searched for the missing on Monday after a major earthquake killed at least 264 people and wounded more than 1,000 in mainly Kurdish south-east Turkey. Hundreds more were feared dead
Published 25 Oct, 2011 12:00am
Turkey quake kills over 260, hundreds missing

Turkey quake kills over 260, hundreds missing

Rescuers pulled survivors from beneath mounds of collapsed buildings and searched for the missing on Monday after a major earthquake killed at least 264 people and wounded more than 1,000 in mainly Kurdish south-east Turkey. Hundreds more were feared dead
Published 25 Oct, 2011 12:00am
US committed to being Pacific power: Panetta

US committed to being Pacific power: Panetta

US Defence Secretary Leon Panetta arrived in Japan on Monday hoping to persuade Tokyo to relocate a military base which Washington says is vital to its role as a Pacific power. In his first trip to Asia as Pentagon chief, Panetta is seeking to reassure al
Published 25 Oct, 2011 12:00am
200 rebels killed or captured in Afghanistan: Nato

200 rebels killed or captured in Afghanistan: Nato

Nato said Monday that about 200 Taliban-linked militants had been killed or captured in major military operations along Afghanistan's troubled eastern border with Pakistan. Hundreds of Afghan troops backed by the US-led International Security Assistance F
Published 25 Oct, 2011 12:00am
Jordan swears in new reform government

Jordan swears in new reform government

Jordan's US-backed King Abdullah swore in on Monday a reform-minded government to speed up political liberalisation after protests inspired by popular uprisings in the Arab world. The new 30-member cabinet includes moderates, tribal politicians and techno
Published 25 Oct, 2011 12:00am
Israeli minister says Abbas is 'obstacle' to peace

Israeli minister says Abbas is 'obstacle' to peace

Israel's foreign minister charged Monday that Palestinian President Mahmoud Abbas is an "obstacle" to peace and that he hopes Abbas will soon resign. The comments by Avigdor Lieberman drew an angry response from Palestinians, who accused him of calling fo
Published 25 Oct, 2011 12:00am
Zuma sacks two ministers, suspends police chief

Zuma sacks two ministers, suspends police chief

South African President Jacob Zuma sacked two cabinet ministers implicated in graft and suspended the nation's police chief on Monday as he moved to dispel criticism of being soft on corruption in his government and bolster his low popularity.
Published 25 Oct, 2011 12:00am
US teen in 'Jihad Jane' case pleads not guilty

US teen in 'Jihad Jane' case pleads not guilty

A high school honours student pleaded not guilty Monday to charges he helped the US terrorist called "Jihad Jane" raise money and recruits for a Muslim holy war. The 18-year-old Mohammad Hassan Khalid entered the plea at his first public court appearance
Published 25 Oct, 2011 12:00am
Argentine president strolls to re-election victory

Argentine president strolls to re-election victory

Argentina's centre-leftist president, Cristina Fernandez, won a landslide re-election victory on Sunday and regained control of Congress as voters credited her unconventional policies for a long economic boom. The result marks a dramatic change of fortune
Published 25 Oct, 2011 12:00am
Government warned against decision to import sugar

Government warned against decision to import sugar

Agri Forum Pakistan Chairman, Muhammad Ibrahim Mughal, has warned the government that the growers would come on the roads and lodge strong protest if the decision to import sugar is not withdrawn immediately, or the sugar mills delayed the start of crushi
Published 25 Oct, 2011 12:00am
IMC posts record sales of 13,000 cars in first quarter

IMC posts record sales of 13,000 cars in first quarter

Indus Motor Company (IMC) has posted record sales in the Q1 of 2011 with 13,000 cars against 12,160 cars in the corresponding period of 2010, the CEO of IMC, Parvez Ghias told newsmen here on Monday. Indus Motor is the sole distributor of both Toyota and
Published 25 Oct, 2011 12:00am
Global discrimination against Muslims criticised

Global discrimination against Muslims criticised

The Judicial Activism Panel (JAP) has resolved that United Nations have failed to control discrimination as Muslim across the world are not only being humiliated but also targeted without any evidence in the name of terrorism. Tough the JAP lauded the rol
Published 25 Oct, 2011 12:00am
Punjab government to spend Rs 20 billion on education: Anwar

Punjab government to spend Rs 20 billion on education: Anwar

The provincial government will spend a total of Rs 20 billion and 690 million on promotion of higher education during the next three years. The purpose of this investment is to produce best human resource for the country by improving the higher education
Published 25 Oct, 2011 12:00am
SCBA annual meeting today

SCBA annual meeting today

Supreme Court Bar Association annual meeting will be held at Supreme Court Registry Branch, here on Tuesday (today). The meeting would be chaired by Asma Jehangir, President SCBA. On this occasion, Secretary SCBA, Qamaruz Zaman Qureshi will apprise the me
Published 25 Oct, 2011 12:00am
Jobless man self-immolates outside parliament

Jobless man self-immolates outside parliament

An unemployed father of two committed suicide by setting himself alight outside parliament on Monday, a hospital official said. Raja Khan, from the rural town of Naushero Feroz in southern Sindh province, doused fuel over his body before setting himself a
Published 25 Oct, 2011 12:00am
Elahi leaves for UK

Elahi leaves for UK

Pakistan Muslim League-Q leader Moonis Elahi, who was acquitted in NICL case, has left for the UK on a private visit. Sources in the PML-Q said here on Monday that Moonis Elahi has gone to London to share grief with his family members over the death of hi
Published 25 Oct, 2011 12:00am
Afghan goods transit: FBR may abolish 'Jawaznama' condition

Afghan goods transit: FBR may abolish 'Jawaznama' condition

The Federal Board of Revenue (FBR) is expected to abolish the condition of 'Jawaznama' for Afghan importers, and reduce the number of copies of goods declaration (GD) from nine to six to be submitted by the Afghan businessmen for clearance as far as trans
Published 25 Oct, 2011 12:00am
UNSC membership to enhance Pakistan's image in the world

UNSC membership to enhance Pakistan's image in the world

Prominent defence analyst, Hassan Askari on Monday said Pakistan's success to become non-permanent member of the United Nations Security Council (UNSC) has enhanced its image in the world. Talking to a private news channel, he said that now Pakistan had a
Published 25 Oct, 2011 12:00am
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