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Archive - 2011-10-30
Rasgas renews LNG deal with EDF
Energy

Rasgas renews LNG deal with EDF

DOHA: Qatar's Rasgas has extended a long-term deal to supply France's EDF with up to 3.4 million tonnes of liquefied nat
Published 30 Oct, 2011 02:07pm
Growers to start mango branches trimming
Top News

Growers to start mango branches trimming

LAHORE : The Punjab Agriculture Department has advised mango growers to start trimming of branches of mango trees beside
Published 30 Oct, 2011 12:43pm
Euro crisis not over, warns ECB chief
Top News

Euro crisis not over, warns ECB chief

BERLIN: The debt crisis that has crippled Europe in recent months has not been overcome despite a comprehensive package
Published 30 Oct, 2011 11:00am
Mubarak trial postponed to December 28
Top News

Mubarak trial postponed to December 28

CAIRO: The trial of ousted Egyptian president Hosni Mubarak which was due to resume on Sunday has been postponed followi
Published 30 Oct, 2011 10:55am
Drone kills four militants: Officials
Top News

Drone kills four militants: Officials

MIRANSHAH: A drone strike on Sunday killed four militants in northwestern tribal region, known as hotbed of Taliban insu
Published 30 Oct, 2011 07:36am
Sharifs learnt nothing from exile: PM
Top News

Sharifs learnt nothing from exile: PM

MONITORING DESK KARACHI: Prime Minister Syed Yousuf Raza Gilani has said that Sharif brothers have learnt nothing fro
Published 30 Oct, 2011 07:01am
China coal mine blast kills 28
Top News

China coal mine blast kills 28

BEIJING: A gas explosion at a coal mine in central China has killed 28 miners, the official Xinhua news agency reported
Published 30 Oct, 2011 05:54am
Indian 10-year yield pierces three-year peak

Indian 10-year yield pierces three-year peak

Benchmark 10-year Indian bond yield on Friday surged to its highest level in more than three years as supply stockpile deterred investors from adding positions, outweighing positive sentiment triggered by the central bank's rate pause signal. A plan to co
Published 30 Oct, 2011 12:00am
Indian 10-year yield pierces three-year peak

Indian 10-year yield pierces three-year peak

Benchmark 10-year Indian bond yield on Friday surged to its highest level in more than three years as supply stockpile deterred investors from adding positions, outweighing positive sentiment triggered by the central bank's rate pause signal. A plan to co
Published 30 Oct, 2011 12:00am
Fear of Kremlin whim stalks Russian FTSE hopes

Fear of Kremlin whim stalks Russian FTSE hopes

A delay in allowing billionaire tycoon Mikhail Prokhorov's gold firm Polyus to sail into the prestigious FTSE 100 Index, while probably procedural, leaves nagging concerns that politics and business in Russia make for a dangerous cocktail. The postponemen
Published 30 Oct, 2011 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lanka's stock market edged up on Friday led by gains in illiquid shares in thin volume as most investors remained on the sidelines despite an oversold market, with the day's turnover slumping to a two-year low. The island nation's main share index ros
Published 30 Oct, 2011 12:00am
Ooyala considering IPO, not outright sale

Ooyala considering IPO, not outright sale

Privately held video technology company Ooyala is leaning towards an IPO rather than an outright sale of the company, its CEO says, even though it has attracted plenty of interest from prospective buyers. "We have not entertained any of those overtures to
Published 30 Oct, 2011 12:00am
Europe bailout fund chief courts China

Europe bailout fund chief courts China

The head of Europe's rescue fund sought to entice China on Saturday to invest in the facility by saying investors may be protected against a fifth of initial losses and that bonds could eventually be sold in yuan if Beijing desires. Klaus Regling was in C
Published 30 Oct, 2011 12:00am
Europe bailout fund chief courts China

Europe bailout fund chief courts China

The head of Europe's rescue fund sought to entice China on Saturday to invest in the facility by saying investors may be protected against a fifth of initial losses and that bonds could eventually be sold in yuan if Beijing desires. Klaus Regling was in C
Published 30 Oct, 2011 12:00am
Ratings agencies reaffirm EU bailout fund's rating

Ratings agencies reaffirm EU bailout fund's rating

Leading credit rating agencies have reaffirmed the top rating of the European Union's bailout fund, the European Financial Stability Facility said in a statement on Saturday. Standard & Poor's confirmed the fund's credit rating at 'AAA'; Moody's rated it
Published 30 Oct, 2011 12:00am
Ratings agencies reaffirm EU bailout fund's rating

Ratings agencies reaffirm EU bailout fund's rating

Leading credit rating agencies have reaffirmed the top rating of the European Union's bailout fund, the European Financial Stability Facility said in a statement on Saturday. Standard & Poor's confirmed the fund's credit rating at 'AAA'; Moody's rated it
Published 30 Oct, 2011 12:00am
Europe must do more on eurozone crisis: Japan Prime Minister

Europe must do more on eurozone crisis: Japan Prime Minister

Japanese Prime Minister Yoshihiko Noda was quoted by the Financial Times on Saturday as saying he would like to see even greater efforts by Europe to "ease (eurozone) crisis worries by creating a stronger and more detailed approach". The newspaper said Ja
Published 30 Oct, 2011 12:00am
Portugal wants US help in euro crisis

Portugal wants US help in euro crisis

Portugal asked Mexico on Saturday to tell fellow G20 members next week that the United States should offer "financial help" to resolve the eurozone sovereign debt crisis, describing it as a "systemic and global" problem, a Portuguese government source sai
Published 30 Oct, 2011 12:00am
US wealth gap shows need for fairer approach: Obama

US wealth gap shows need for fairer approach: Obama

President Barack Obama, seizing on a report that showed America's rich getting richer while the rest of the country struggled to get ahead, said on Saturday that Republicans were thwarting a fairer approach. "Republicans in Congress aren't paying attentio
Published 30 Oct, 2011 12:00am
Dubai Islamic Bank third quarter profit climbs

Dubai Islamic Bank third quarter profit climbs

Dubai Islamic Bank, the Gulf Arab emirate's third-largest bank by market value, reported on Saturday a 10.5 percent rise in third-quarter net profit, beating analyst expectations. DIB made a profit of 298 million dirhams in the three months ended Septembe
Published 30 Oct, 2011 12:00am
Dubai Islamic Bank third quarter profit climbs

Dubai Islamic Bank third quarter profit climbs

Dubai Islamic Bank, the Gulf Arab emirate's third-largest bank by market value, reported on Saturday a 10.5 percent rise in third-quarter net profit, beating analyst expectations. DIB made a profit of 298 million dirhams in the three months ended Septembe
Published 30 Oct, 2011 12:00am
Swiss protesters show ire over Novartis job cuts

Swiss protesters show ire over Novartis job cuts

Protesters gathered in Basel and beside the villa of Novartis AG Chairman Daniel Vasella on Saturday to voice opposition to hefty job cuts announced by the Swiss pharmaceutical company and others. Outraged by news that Novartis is eliminating 1,100 jobs i
Published 30 Oct, 2011 12:00am
Rajaratnam paid $63 million in penalties

Rajaratnam paid $63 million in penalties

Convicted hedge fund tycoon Raj Rajaratnam has already paid more than $63 million in penalties, ordered by the judge who sentenced him two weeks ago for insider trading, one of his lawyers said on Friday in New York federal court. Rajaratnam, 54, is going
Published 30 Oct, 2011 12:00am
Rajaratnam paid $63 million in penalties

Rajaratnam paid $63 million in penalties

Convicted hedge fund tycoon Raj Rajaratnam has already paid more than $63 million in penalties, ordered by the judge who sentenced him two weeks ago for insider trading, one of his lawyers said on Friday in New York federal court. Rajaratnam, 54, is going
Published 30 Oct, 2011 12:00am
Regulators close Illinois bank, 2011 total now 81

Regulators close Illinois bank, 2011 total now 81

US regulators closed one bank in Illinois on Friday, bringing the total number of closures this year to 81. The Federal Deposit Insurance Corp (FDIC) said All American Bank of Des Plaines, Illinois, was closed, with the FDIC named its receiver. The FDIC s
Published 30 Oct, 2011 12:00am
China names new financial chiefs, starts broad reshuffle

China names new financial chiefs, starts broad reshuffle

China named new heads to three top financial regulatory posts on Saturday, the official Xinhua news agency said, the first big step in a comprehensive leadership change that will culminate when its top political leaders retire. The personnel changes are t
Published 30 Oct, 2011 12:00am
China to 'unswervingly' maintain property curbs

China to 'unswervingly' maintain property curbs

China will "unswervingly" maintain its property curbs for the rest of this year as it fine-tunes macroeconomic policy, China's State Council, or Cabinet, said on Saturday. Macro policy will be adjusted to keep it "more targeted, flexible and forward-looki
Published 30 Oct, 2011 12:00am
Maruti second quarter profit more than halves as labour unrest weighs

Maruti second quarter profit more than halves as labour unrest weighs

Maruti Suzuki, India's top carmaker, reported a more than halving of its quarterly net profit, wider than industry estimates, hit by labour unrest at one of its key plants and rising interest rates in Asia's third-largest economy. Growing competition and
Published 30 Oct, 2011 12:00am
Maruti second quarter profit more than halves as labour unrest weighs

Maruti second quarter profit more than halves as labour unrest weighs

Maruti Suzuki, India's top carmaker, reported a more than halving of its quarterly net profit, wider than industry estimates, hit by labour unrest at one of its key plants and rising interest rates in Asia's third-largest economy. Growing competition and
Published 30 Oct, 2011 12:00am
Air France cancels flights as five-day strike hits

Air France cancels flights as five-day strike hits

Air France cancelled about one in five flights and warned of wider disruption as a five-day strike by flight attendants over employment terms began on Saturday, in the middle of a busy holiday weekend. In a statement posted on its website, the carrier sai
Published 30 Oct, 2011 12:00am
Trichet says 'crisis not over', hard work ahead

Trichet says 'crisis not over', hard work ahead

European Central Bank President Jean-Claude Trichet said in a newspaper interview the eurozone sovereign debt crisis was not yet over and that it was too early for the all-clear signal. In an interview to appear in Sunday's Bild am Sonntag newspaper, Tric
Published 30 Oct, 2011 12:00am
Latin America growth seen slower: OECD

Latin America growth seen slower: OECD

Latin America's gross domestic product should grow by about 4 percent in 2012, slowing from an estimated 4.4 percent this year, the OECD and UN regional economic body ECLAC said in a report on Friday. The report, released at a summit in Paraguay, said an
Published 30 Oct, 2011 12:00am
Japan's reconstruction budget to boost GDP by 1.7 percent

Japan's reconstruction budget to boost GDP by 1.7 percent

Japan's 12.1 trillion yen ($160 billion) extra budget for rebuilding north-east coastal areas devastated by the March 11 earthquake and tsunami will likely boost gross domestic product by around 1.7 percent, the government said on Friday. The effect will
Published 30 Oct, 2011 12:00am
Austria's Erste Bank posts loss

Austria's Erste Bank posts loss

Austria's Erste Bank reported Friday a third-quarter loss of 1.49 billion euros ($2.11 billion) and said it needed to raise up to 750 million euros in fresh capital to meet new EU requirements. As announced on October 10, Austria's biggest listed bank boo
Published 30 Oct, 2011 12:00am
Austria's Erste Bank posts loss

Austria's Erste Bank posts loss

Austria's Erste Bank reported Friday a third-quarter loss of 1.49 billion euros ($2.11 billion) and said it needed to raise up to 750 million euros in fresh capital to meet new EU requirements. As announced on October 10, Austria's biggest listed bank boo
Published 30 Oct, 2011 12:00am
Thai central bank cuts GDP forecast

Thai central bank cuts GDP forecast

Thailand's central bank slashed its 2011 economic growth forecast to 2.6 percent from 4.1 percent on Friday because of flooding and said it was ready to call a special meeting on interest rates, raising speculation about a rate cut. It faces a dilemma ove
Published 30 Oct, 2011 12:00am
Chile industrial output flat

Chile industrial output flat

Chilean industrial production was flat in September from August and the July-September jobless rate held steady, data showed Friday, reinforcing views the central bank will hold rates for a fifth month. However the central bank said in minutes from its Oc
Published 30 Oct, 2011 12:00am
Lithuania economy bounces back in third quarter

Lithuania economy bounces back in third quarter

Lithuania's economy bounced back with annual growth of 6.6 percent in the third quarter, taking another major step along the road to recovery from a brutal recession in 2009 though the pace of expansion was expected to slow. Friday's better than expected
Published 30 Oct, 2011 12:00am
Swiss KOF indicator points to sharp slowdown

Swiss KOF indicator points to sharp slowdown

Switzerland's leading growth indicator fell sharply for the fourth month in a row in October, hitting its lowest level in more than two years and pointing to a marked slowdown in growth, although a recession is not yet on the horizon. The KOF economic bar
Published 30 Oct, 2011 12:00am
IMF says Libya GDP to halve in 2011, no aid talks yet

IMF says Libya GDP to halve in 2011, no aid talks yet

The International Monetary Fund estimates Libya's economic output will roughly halve this year because of the civil war that toppled former leader Muammar Qadhafi, a top IMF official said on Wednesday. Libya's gross domestic product was $71.3 billion in 2
Published 30 Oct, 2011 12:00am
BOE's Posen says QE size 'sensible'

BOE's Posen says QE size 'sensible'

The Bank of England got it "about right" when it opted to inject another 75 billion pounds into the financial system, a move that will help fend off the risk of deflation, a top policy maker said on Wednesday. "I think 75 billion is about right," BOE poli
Published 30 Oct, 2011 12:00am
Nordea ROE target in sight if markets normalise

Nordea ROE target in sight if markets normalise

Nordea, the biggest bank in the Nordic region, could meet its 15 percent profitability goal by the end of next year if markets return to normal, its chief executive said on Wednesday. Christian Clausen also said he was confident that a mooted$100-110 bill
Published 30 Oct, 2011 12:00am
Kraft to invest over $100 million in Russia coffee plant

Kraft to invest over $100 million in Russia coffee plant

Kraft Foods Inc said it would invest more than $100 million into its Russian coffee plant until 2015 to double production and meet growing demand for the beverage in the fast-growing market. The move comes a week after Nestle, the world's biggest food gro
Published 30 Oct, 2011 12:00am
Japan, slowly, waking up to the mess at Olympus

Japan, slowly, waking up to the mess at Olympus

Japanese media interest has been muted, regulators are mostly mum and many politicians seem unaware anything is amiss. A scandal over questionable deals at Japan's Olympus Corp has so far generated little domestic heat in a country where critics say corpo
Published 30 Oct, 2011 12:00am
Imax eyes big screen profits from China

Imax eyes big screen profits from China

Giant movie screen maker Imax Corp expects the number of Imax screens in China to more than double in the next two to three years as disposable incomes rise and more Chinese movies are made for the format, its chief executive said on Wednesday. Imax, whic
Published 30 Oct, 2011 12:00am
Canada P&C insurer consolidation to heat up

Canada P&C insurer consolidation to heat up

Consolidation in Canada's property and casualty insurance sector could gain speed in the coming months as European players sell assets in this country, while a government move to allow demutualization next year could flood the market with targets. Both Fa
Published 30 Oct, 2011 12:00am
Fuel subsidies are double-edged sword for UAE

Fuel subsidies are double-edged sword for UAE

Fuel subsidies have become a double-edged sword for the United Arab Emirates, which is caught between raising petrol prices - an unattractive option at a time of social unrest in the Arab world - or shutting down petrol stations, leaving hundreds of peopl
Published 30 Oct, 2011 12:00am
ArcelorMittal to idle Polish furnace on weak demand

ArcelorMittal to idle Polish furnace on weak demand

ArcelorMittal, the world's top steelmaker, will temporarily close a blast furnace at its plant in Dabrowa Gornicza, Poland, due to weaker steel demand in Europe, the company said on Friday. Since early September, the Luxembourg-based group has made severa
Published 30 Oct, 2011 12:00am
US deflation risks rising

US deflation risks rising

Risks are rising that a moribund job market and potentially steep drop in inflation could push the United States into a downward spiral of falling wages and prices. That nightmare scenario of deflation might seem remote considering a recent rebound in gro
Published 30 Oct, 2011 12:00am
Gulf telecommunications risk falling into handset subsidy trap

Gulf telecommunications risk falling into handset subsidy trap

Telecommunications firms in the Gulf are reacting to cut-throat competition by offering subsidised handsets, hoping to persuade customers to upgrade to smartphones and thereby boost lucrative data usage. But the tactic may backfire by eating into operator
Published 30 Oct, 2011 12:00am
Oracle to buy RightNow for $1.5 billion

Oracle to buy RightNow for $1.5 billion

Oracle Corp plans to buy online customer service company RightNow Technologies Inc for about $1.5 billion, sparking speculation of bids for other so-called cloud technology companies that deliver software, data and computing power over the Internet. Oracl
Published 30 Oct, 2011 12:00am
Jazeera Airways inks $200 million A320 financing

Jazeera Airways inks $200 million A320 financing

Kuwait's low-cost carrier Jazeera Airways has secured $200 million of financing to buy four Airbus A320 aircraft and expects record profits in 2011, its chairman said on Monday. "By the end of 2011, Jazeera Airways would have completed its turnaround and
Published 30 Oct, 2011 12:00am
Hungary faces downgrade risk, 2012 budget stretched

Hungary faces downgrade risk, 2012 budget stretched

Hungary risks losing its investment-grade rating in coming weeks due to its weak growth and uncertainty over its policies, which would make it harder to refinance the country's expiring foreign currency debts next year. The Hungarian government has failed
Published 30 Oct, 2011 12:00am
China passes law to help fight 'acts of terror'

China passes law to help fight 'acts of terror'

China passed a new law on Saturday to give a clear legal definition of what constitutes an act of terror as it steps up the fight against what the government views as a "real threat from terrorist activities". The law defines how security forces should de
Published 30 Oct, 2011 12:00am
Israel bombs militant base, Gazan rockets fall

Israel bombs militant base, Gazan rockets fall

Israel's air force bombed an Islamic Jihad base in the southern Gaza Strip on Saturday, killing a commander and four munitions experts from the Palestinian faction, officials on both sides said. The strike in Rafah followed a Palestinian cross-border rock
Published 30 Oct, 2011 12:00am
Angry at World Bank, Ecuador president exits summit

Angry at World Bank, Ecuador president exits summit

Ecuador's leftist president stormed out of a summit of leaders of Latin America, Spain and Portugal on Saturday, demanding apologies from a World Bank representative. Leaders from Spanish and Portuguese-speaking nations were wrapping up a two-day event he
Published 30 Oct, 2011 12:00am
Turkey's post-quake relief races against winter

Turkey's post-quake relief races against winter

A week after a powerful earthquake in south-east Turkey, hordes of survivors roamed streets past devastated homes, some complaining their families still had no tents with winter closing in. On Saturday, the official death toll crept up to 582. The town of
Published 30 Oct, 2011 12:00am
Iran says wants relations with US, but not now

Iran says wants relations with US, but not now

Iran would like to have friendly relations with the United States one day, but not under current conditions, Iranian Foreign Minister Ali Akbar Salehi said on Saturday. Commenting on remarks by US Secretary of State Hillary Clinton earlier this week that
Published 30 Oct, 2011 12:00am
Syrian forces pound Homs after dozens killed

Syrian forces pound Homs after dozens killed

Syrian tanks pounded an old district in the city of Homs on Saturday and three people were killed, activists said, after one of the bloodiest days of the seven-month-old uprising against President Bashar al-Assad. Activists and residents said Syrian force
Published 30 Oct, 2011 12:00am
ICC fears Saif may flee justice

ICC fears Saif may flee justice

The International Criminal Court said on Saturday that Libya's Saif al-Islam Qadhafi was in contact via intermediaries about surrendering for trial, but it also had information mercenaries were trying to spirit him to a friendly African nation.
Published 30 Oct, 2011 12:00am
Slight decline in funding for US intelligence

Slight decline in funding for US intelligence

Funding for US intelligence agencies came to $78.6 billion in 2011, a slight drop in spending compared to last year, the US government said Friday. Congress approved $54.6 billion for national intelligence programs and $24 billion for military intelligenc
Published 30 Oct, 2011 12:00am
US sees promising security gains in Afghanistan

US sees promising security gains in Afghanistan

Taliban attacks have declined in most of Afghanistan for the first time but insurgent sanctuaries in Pakistan are feeding violence on the border and threatening the US-led war effort, the Pentagon said in a report Friday.
Published 30 Oct, 2011 12:00am
30 feared dead in Indian bridge collapse

30 feared dead in Indian bridge collapse

At least 30 people, including many women and children, are feared dead after a foot bridge over a river in north-eastern India collapsed on Saturday, police said. About 70 people were on the bridge trying to catch a type of insect called the "Ghandi puk",
Published 30 Oct, 2011 12:00am
Twelve children dead in Ecuador bus accident

Twelve children dead in Ecuador bus accident

At least 12 children were killed and seven others injured on Friday when the bus in which they were travelling drove off a cliff in the Andes mountains of northern Ecuador, state media reported. The victims, all between the ages of seven and 10, were part
Published 30 Oct, 2011 12:00am
Rare October snowstorm pelts US Northeast

Rare October snowstorm pelts US Northeast

A rare October snowstorm bore down on the heavily populated US Northeast on Saturday, with some areas bracing for up to a foot (30 cm) of snow and major power outages. In Pennsylvania, Maryland and West Virginia, more than 44,000 customers were without po
Published 30 Oct, 2011 12:00am
Veteran British broadcaster Jimmy Savile dies

Veteran British broadcaster Jimmy Savile dies

Jimmy Savile, a veteran British broadcaster and DJ famed for his jangling jewellery, garish tracksuits and huge cigars, died on Saturday aged 84, his family said. Platinum-haired Savile was one of the biggest names on British television from the 1960s to
Published 30 Oct, 2011 12:00am
Somalia's al Shabaab attacks AU base, two injured

Somalia's al Shabaab attacks AU base, two injured

Two African Union peacekeepers were injured on Saturday when Somalia's al Shabaab rebels attacked one of the mission's bases in Mogadishu, a spokesman for the force said. The al Qaeda-allied insurgents are battling to overthrow Somalia's Transitional Fede
Published 30 Oct, 2011 12:00am
Kyrgyzstan holds: 'day of silence' ahead of presidential poll

Kyrgyzstan holds: 'day of silence' ahead of presidential poll

Volatile Kyrgyzstan suspended campaigning on Saturday for a cooling-off day ahead of the first presidential election since last year's bloody revolution and deadly ethnic violence. If the Sunday poll is successful, it will mark the first peaceful transiti
Published 30 Oct, 2011 12:00am
Irish Labour party veteran elected ninth president

Irish Labour party veteran elected ninth president

Irish poet and human rights activist Michael D. Higgins was officially confirmed as his country's ninth president on Saturday after a marathon two-day count. The 70-year-old former culture minister for the Labour party, the junior partner in the coalition
Published 30 Oct, 2011 12:00am
21 die in series of shootouts in Mexico

21 die in series of shootouts in Mexico

Mexican authorities say at least 21 people were killed Friday in three shootouts between soldiers and gunmen and a fight between rival drug gangs. At least 15 deaths occurred in three gunbattles in the western state of Michoacan, said the spokesman for st
Published 30 Oct, 2011 12:00am
Suicide bomber kills two in Turkey

Suicide bomber kills two in Turkey

A suspected suicide bomber in south-east Turkey killed two people and wounded around a dozen others in Bingol, a town in the mainly Kurdish region on Saturday, police said. The blast occurred at a tea house close to the office of the ruling AK Party at ar
Published 30 Oct, 2011 12:00am
Former Brazilian president diagnosed with tumor

Former Brazilian president diagnosed with tumor

Former Brazilian Luiz Inacio Lula da Silva was diagnosed on Saturday with a tumour in the larynx and will undergo chemotherapy in the coming days. Lula, as the former president is universally known, was being treated at Sao Paulo's Sirio Libanes Hospital,
Published 30 Oct, 2011 12:00am
Bangkok may dodge flood disaster: Thai Prime Minister

Bangkok may dodge flood disaster: Thai Prime Minister

Receding floodwaters north of Bangkok have reduced the threat to the Thai capital, the prime minister said on Saturday, but high tides in the Gulf of Thailand will still test the city's flood defences. "If things go on like this, we expect floodwater in B
Published 30 Oct, 2011 12:00am
Wal-Mart sued in Texas for gender discrimination

Wal-Mart sued in Texas for gender discrimination

Wal-Mart Stores Inc discriminated against female employees in Texas stores in pay and promotion decisions, according to a lawsuit filed on Friday in Federal Court in Dallas. The complaint is the second to be filed since a nation-wide class action against
Published 30 Oct, 2011 12:00am
Saudis swear allegiance to new crown prince

Saudis swear allegiance to new crown prince

Saudis begun swearing allegiance on Saturday to the new Crown Prince Nayef bin Abdul Aziz, described by the local press as the "man for the job" and praised in Washington for his commitment to fight terrorism. Nayef - who served as interior minister for n
Published 30 Oct, 2011 12:00am
Ticket fixing scandal rocks New York cops

Ticket fixing scandal rocks New York cops

Sixteen New York Police Department officers pleaded not guilty Friday to charges of widespread fixing of traffic tickets as well as more serious crimes, including robbery and drug dealing. Five civilians were also netted in the nearly three-year undercove
Published 30 Oct, 2011 12:00am
Ajmal takes five as Pakistan crush Sri Lanka

Ajmal takes five as Pakistan crush Sri Lanka

Off-spinner Saeed Ajmal took five wickets to steer Pakistan to a nine wicket win in the second Test against Sri Lanka at Dubai Stadium here on Saturday, going 1-0 up in the three-match series. The 34-year-old finished with 5-68 - his fourth five wicket ha
Published 30 Oct, 2011 12:00am
City on top as United win, Arsenal stun Chelsea

City on top as United win, Arsenal stun Chelsea

Manchester City beat Wolves to maintain their five-point lead at the top of the Premier League on Saturday as Manchester United bounced back from their derby mauling with a 1-0 win at Everton. City, riding high after their 6-1 demolition of United last we
Published 30 Oct, 2011 12:00am
Pakistan beat India in Super Sixes

Pakistan beat India in Super Sixes

Pakistan defeated India by 22 runs on Saturday in its third match in Hong Kong Super Sixes Cricket Tournament. Pakistan batted first and set 110 runs in five overs to win the match. Umer Akmal smashed 52 for 11 deliveries and remained not out. Hammad Azam
Published 30 Oct, 2011 12:00am
Bangladesh strike back in West Indies Test

Bangladesh strike back in West Indies Test

Bangladesh's spinners grabbed two quick wickets with the second new ball to leave the second and final Test against the West Indies evenly poised after the opening day on Saturday. The West Indies were strongly placed at 226-3 before reaching 253-5 in the
Published 30 Oct, 2011 12:00am
England end India tour with T20 win

England end India tour with T20 win

Kevin Pietersen smashed 53 off 39 balls as England finally found success on the Indian tour with a six-wicket victory in the lone Twenty20 international in Kolkata on Saturday. The tourists enhanced their reputation as the reigning world Twenty20 champion
Published 30 Oct, 2011 12:00am
Kvitova moves closer to WTA title

Kvitova moves closer to WTA title

Wimbledon champion Petra Kvitova moved closer to the second biggest title of her career here Saturday by beating US Open champion Samantha Stosur and reaching the final of the WTA Championships. But the incisive left-hander from the Czech Republic had to
Published 30 Oct, 2011 12:00am
Misbah praises 'thorough professional performance'

Misbah praises 'thorough professional performance'

Captain Misbah-ul Haq praised a "thorough professional performance" by the Pakistan team that enabled them to beat Sri Lanka by nine wickets in the second Test here on Saturday. Misbah said his team put up a brilliant effort to knock out Sri Lanka, who ar
Published 30 Oct, 2011 12:00am
Massa bash curbs track enthusiasm

Massa bash curbs track enthusiasm

Formula One drivers Saturday said they would steer clear of the kerbs at the new Indian Grand Prix track after Ferrari's Felipe Massa lost a front wheel in what looked like a harmless bump. Racers were united in their praise of the purpose-built Buddh Int
Published 30 Oct, 2011 12:00am
Rates down a bit in thin trade on grain market

Rates down a bit in thin trade on grain market

Subdued business was seen on the wholesale grain market on Saturday in process of trading, dealers said. On the cereal side makai low type did not move any side at Rs 2250 while the best quality was higher by Rs 37 to Rs 2312, other items retained overnig
Published 30 Oct, 2011 12:00am
Ukraine exports 4.4 million tonnes of grain during 2011-12 season

Ukraine exports 4.4 million tonnes of grain during 2011-12 season

Ukraine has exported 4.4 million tonnes of grain so far during the 2011/12 season, a senior agriculture ministry official was quoted as saying on Friday. Interfax Ukraine news agency quoted deputy Farm Minister Oleksander Demidov as saying the volume had
Published 30 Oct, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Friday in thin trade, as lower US soyabeans and crude oil set a weak tone. Lower Canadian dollar underpinned canola. Nearby November canola registered 1.5 percent weekly gain - only the second in eight weeks for a front
Published 30 Oct, 2011 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 24,653 tonnes, comprising 24,345 tonnes of import cargo and 308 tonnes of export cargo was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 24,345 tonnes includes 2,505 tonnes of LPG; 12,340 tonnes of die
Published 30 Oct, 2011 12:00am
China's spot nickel demand falls as steel mills slow buying

China's spot nickel demand falls as steel mills slow buying

China's demand for refined nickel is weakening as stainless steel mills, its top end-users, cut purchases of spot metal, driving up stocks and squeezing prices, traders said on Thursday. Stainless steel mills' purchases of spot refined nickel to replace n
Published 30 Oct, 2011 12:00am
Argentine 2011-12 corn sowing advances swiftly: government

Argentine 2011-12 corn sowing advances swiftly: government

Argentine farmers made swift progress to plant 2011/12 corn thanks to moist soils, though cold weather caused delays in some areas, the Agriculture Ministry said on Friday. Argentina is the world's No 2 corn exporter but dryness has delayed seeding of the
Published 30 Oct, 2011 12:00am
US soyabean futures dip

US soyabean futures dip

US soyabean futures dropped 1.5 percent on Friday, reversing a 2 percent rise a day earlier on worries about slowing US soya export demand and a rebound in the dollar. The US dollar index firmed on investor scepticism over details of the euro zone deal re
Published 30 Oct, 2011 12:00am
HRW wheat bids hold steady

HRW wheat bids hold steady

Hard red winter wheat basis bids held steady on Friday as more wheat offers were noted, merchants said. Rail car offers on the spot market increased and domestic demand remained good. Several inches of snow have fallen in recent days across eastern Colora
Published 30 Oct, 2011 12:00am
Floods may damage quarter of Thai rice crop

Floods may damage quarter of Thai rice crop

Thailand may lose a quarter of its main rice crop in the nation's worst flooding in decades, the government estimates, which could boost prices of the staple and further squeeze shipments from the world's top exporter. The flood damage to rice comes at a
Published 30 Oct, 2011 12:00am
Unavailability of transport reduces business activity on cotton market

Unavailability of transport reduces business activity on cotton market

In the absence of availability of proper transport buyers were not able to finalise the desired deals on the cotton market on Saturday, dealers said. The Karachi Cotton Association (KCA) official spot rate was maintained at overnight level of Rs 5,750, th
Published 30 Oct, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were down on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1308.20 commenced with a decline of Rs 1.10 to Rs 1307.10 in the morning session. The January contract
Published 30 Oct, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee managed to gain against dollar and euro on the currency market in process of trading, dealers said. The rupee reversed its weakness versus dollar, gaining 20 paisa for buying and selling at 86.70 and 87.00, they said.
Published 30 Oct, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee managed to gain against dollar and euro on the currency market in process of trading, dealers said. The rupee reversed its weakness versus dollar, gaining 20 paisa for buying and selling at 86.70 and 87.00, they said.
Published 30 Oct, 2011 12:00am
OGDC, PMDC boards to be reconstituted

OGDC, PMDC boards to be reconstituted

The Minister for Petroleum and Natural Resources, Dr Asim Hussain, has decided to reconstitute the Board of Directors (BoDs) of the Oil and Gas Development Company (OGDC) and Pakistan Mineral Development Company (PMDC), sources told this correspondent. Th
Published 30 Oct, 2011 12:00am
OGDC, PMDC boards to be reconstituted

OGDC, PMDC boards to be reconstituted

The Minister for Petroleum and Natural Resources, Dr Asim Hussain, has decided to reconstitute the Board of Directors (BoDs) of the Oil and Gas Development Company (OGDC) and Pakistan Mineral Development Company (PMDC), sources told this correspondent. Th
Published 30 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
OGDC, PMDC boards to be reconstituted

OGDC, PMDC boards to be reconstituted

The Minister for Petroleum and Natural Resources, Dr Asim Hussain, has decided to reconstitute the Board of Directors (BoDs) of the Oil and Gas Development Company (OGDC) and Pakistan Mineral Development Company (PMDC), sources told this correspondent. Th
Published 30 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Circular debt to be resolved in few days, says Dr Asim

Circular debt to be resolved in few days, says Dr Asim

The Petroleum Minister, Dr Asim Hussain, on Saturday said that a permanent solution of circular debt would be finalised in the next few days. "I will announce a permanent solution of this issue any time next week", he said in a meeting at Federation House
Published 30 Oct, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Circular debt to be resolved in few days, says Dr Asim

Circular debt to be resolved in few days, says Dr Asim

The Petroleum Minister, Dr Asim Hussain, on Saturday said that a permanent solution of circular debt would be finalised in the next few days. "I will announce a permanent solution of this issue any time next week", he said in a meeting at Federation House
Published 30 Oct, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Circular debt to be resolved in few days, says Dr Asim

Circular debt to be resolved in few days, says Dr Asim

The Petroleum Minister, Dr Asim Hussain, on Saturday said that a permanent solution of circular debt would be finalised in the next few days. "I will announce a permanent solution of this issue any time next week", he said in a meeting at Federation House
Published 30 Oct, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Discos to get full autonomy: Pepco to be dissolved tomorrow

Discos to get full autonomy: Pepco to be dissolved tomorrow

The Pakistan Electric Power Company (Pepco) will be dissolved on Monday after which the distribution companies (discos) will get complete financial and administrative autonomy, official sources told Business Recorder. Dissolution of Pepco is part o
Published 30 Oct, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Discos to get full autonomy: Pepco to be dissolved tomorrow

Discos to get full autonomy: Pepco to be dissolved tomorrow

The Pakistan Electric Power Company (Pepco) will be dissolved on Monday after which the distribution companies (discos) will get complete financial and administrative autonomy, official sources told Business Recorder. Dissolution of Pepco is part o
Published 30 Oct, 2011 12:00am
Discos to get full autonomy: Pepco to be dissolved tomorrow

Discos to get full autonomy: Pepco to be dissolved tomorrow

The Pakistan Electric Power Company (Pepco) will be dissolved on Monday after which the distribution companies (discos) will get complete financial and administrative autonomy, official sources told Business Recorder. Dissolution of Pepco is part o
Published 30 Oct, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Pakistan producing 4,058 mmcf of gas daily

Pakistan producing 4,058 mmcf of gas daily

At present, the average production of natural gas in the country is 4,058 million cubic feet per day (mmcfd). The volume of gas, which is currently injected into Sui Northern Gas Pipelines (SNGPL) system from Punjab on average is 140.535 mmcfd and KP is 3
Published 30 Oct, 2011 12:00am
Pakistan producing 4,058 mmcf of gas daily

Pakistan producing 4,058 mmcf of gas daily

At present, the average production of natural gas in the country is 4,058 million cubic feet per day (mmcfd). The volume of gas, which is currently injected into Sui Northern Gas Pipelines (SNGPL) system from Punjab on average is 140.535 mmcfd and KP is 3
Published 30 Oct, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Pakistan producing 4,058 mmcf of gas daily

Pakistan producing 4,058 mmcf of gas daily

At present, the average production of natural gas in the country is 4,058 million cubic feet per day (mmcfd). The volume of gas, which is currently injected into Sui Northern Gas Pipelines (SNGPL) system from Punjab on average is 140.535 mmcfd and KP is 3
Published 30 Oct, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Qantas grounds entire fleet amid industrial dispute

Qantas grounds entire fleet amid industrial dispute

Australia's Qantas Airways grounded its entire fleet on Saturday over a bitter labour dispute in an unprecedented move, with the government asking a tribunal to stop the conflict which it worries is putting both the airline and the economy at risk. Thousa
Published 30 Oct, 2011 12:00am
Qantas grounds entire fleet amid industrial dispute

Qantas grounds entire fleet amid industrial dispute

Australia's Qantas Airways grounded its entire fleet on Saturday over a bitter labour dispute in an unprecedented move, with the government asking a tribunal to stop the conflict which it worries is putting both the airline and the economy at risk. Thousa
Published 30 Oct, 2011 12:00am
Qantas grounds entire fleet amid industrial dispute

Qantas grounds entire fleet amid industrial dispute

Australia''s Qantas Airways grounded its entire fleet on Saturday over a bitter labour dispute in an unprecedented move, with the government asking a tribunal to stop the conflict which it worries is putting both the airline and the economy at risk. Thous
Published 30 Oct, 2011 12:00am
Sharifs learnt nothing from exile: Prime Minister

Sharifs learnt nothing from exile: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that Sharif brothers have learnt nothing from exile and imprisonment, a private TV channel quoted him as saying. Talking to Pakistanis at Perth, the Prime Minister levelled serious allegations against the le
Published 30 Oct, 2011 12:00am
Sharifs learnt nothing from exile: Prime Minister

Sharifs learnt nothing from exile: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that Sharif brothers have learnt nothing from exile and imprisonment, a private TV channel quoted him as saying. Talking to Pakistanis at Perth, the Prime Minister levelled serious allegations against the le
Published 30 Oct, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (October 29, 2011) and for Sunday (October 30, 2011).
Published 30 Oct, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
'No sugar strategic reserve with TCP by 2011-end'

'No sugar strategic reserve with TCP by 2011-end'

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that there would be no strategic reserves of sugar with Trading Corporation of Pakistan (TCP) by the end of 2011. Sources said that TCP in its letter dated August 18, 2011, had in
Published 30 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 29, 2011).

Published 30 Oct, 2011 12:00am
'No sugar strategic reserve with TCP by 2011-end'

'No sugar strategic reserve with TCP by 2011-end'

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that there would be no strategic reserves of sugar with Trading Corporation of Pakistan (TCP) by the end of 2011. Sources said that TCP in its letter dated August 18, 2011, had in
Published 30 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (October 29, 2011) and the forecast for Sunday (October 30, 2011).

Published 30 Oct, 2011 12:00am
''No sugar strategic reserve with TCP by 2011-end''

''No sugar strategic reserve with TCP by 2011-end''

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that there would be no strategic reserves of sugar with Trading Corporation of Pakistan (TCP) by the end of 2011. Sources said that TCP in its letter dated August 18, 2011, had in
Published 30 Oct, 2011 12:00am
ST withholding rules create serious problems for importers

ST withholding rules create serious problems for importers

The applicability of Sales Tax Special Procedure (Withholding) Rules, 2007 on the commercial importers has created serious problems for these importers, who are already paying standard rate of sales tax along with value-addition tax.
Published 30 Oct, 2011 12:00am
ST withholding rules create serious problems for importers

ST withholding rules create serious problems for importers

The applicability of Sales Tax Special Procedure (Withholding) Rules, 2007 on the commercial importers has created serious problems for these importers, who are already paying standard rate of sales tax along with value-addition tax.
Published 30 Oct, 2011 12:00am
ST withholding rules create serious problems for importers

ST withholding rules create serious problems for importers

The applicability of Sales Tax Special Procedure (Withholding) Rules, 2007 on the commercial importers has created serious problems for these importers, who are already paying standard rate of sales tax along with value-addition tax.
Published 30 Oct, 2011 12:00am
Condition of CNIC number, NTN deferred till December 31

Condition of CNIC number, NTN deferred till December 31

The Federal Board of Revenue (FBR) would not be able to obtain computerised national identity card (CNIC) numbers or national tax numbers (NTNs) of unregistered wholesalers, distributors and dealers etc from manufacturers as the implementation of SRO 821(
Published 30 Oct, 2011 12:00am
Condition of CNIC number, NTN deferred till December 31

Condition of CNIC number, NTN deferred till December 31

The Federal Board of Revenue (FBR) would not be able to obtain computerised national identity card (CNIC) numbers or national tax numbers (NTNs) of unregistered wholesalers, distributors and dealers etc from manufacturers as the implementation of SRO 821(
Published 30 Oct, 2011 12:00am
Condition of CNIC number, NTN deferred till December 31

Condition of CNIC number, NTN deferred till December 31

The Federal Board of Revenue (FBR) would not be able to obtain computerised national identity card (CNIC) numbers or national tax numbers (NTNs) of unregistered wholesalers, distributors and dealers etc from manufacturers as the implementation of SRO 821(
Published 30 Oct, 2011 12:00am
13 US, three Australian troops killed in Afghanistan

13 US, three Australian troops killed in Afghanistan

US officials said 13 American troops operating under Nato were killed in a car bomb attack on a foreign military convoy in the Afghan capital Kabul on Saturday. At least one other soldier was wounded in the massive explosion, the officials told AFP, warni
Published 30 Oct, 2011 12:00am
13 US, three Australian troops killed in Afghanistan

13 US, three Australian troops killed in Afghanistan

US officials said 13 American troops operating under Nato were killed in a car bomb attack on a foreign military convoy in the Afghan capital Kabul on Saturday. At least one other soldier was wounded in the massive explosion, the officials told AFP, warni
Published 30 Oct, 2011 12:00am
Germany finds 55 billion euro after accountancy error

Germany finds 55 billion euro after accountancy error

Germany is 55.5 billion euros ($78.7 billion) richer than it thought due to an accountancy error at the bad bank of nationalised mortgage lender Hypo Real Estate (HRE), the finance ministry said. Europe's largest economy now expects its ratio of debt to g
Published 30 Oct, 2011 12:00am
Germany finds 55 billion euro after accountancy error

Germany finds 55 billion euro after accountancy error

Germany is 55.5 billion euros ($78.7 billion) richer than it thought due to an accountancy error at the bad bank of nationalised mortgage lender Hypo Real Estate (HRE), the finance ministry said. Europe's largest economy now expects its ratio of debt to g
Published 30 Oct, 2011 12:00am
Germany finds 55 billion euro after accountancy error

Germany finds 55 billion euro after accountancy error

Germany is 55.5 billion euros ($78.7 billion) richer than it thought due to an accountancy error at the bad bank of nationalised mortgage lender Hypo Real Estate (HRE), the finance ministry said. Europe''s largest economy now expects its ratio of debt to
Published 30 Oct, 2011 12:00am
Yasin Azad elected president SCBA

Yasin Azad elected president SCBA

Members Supreme Court Bar Association (SCBA) elected Yasin Azad as their president for the next year. He had a lead of 80 votes over former Justice Rasheed A Rivzi. Azad secured 940 votes, while Rizvi bagged 860 votes. Azad won from polling in Lahore, Pes
Published 30 Oct, 2011 12:00am
Yasin Azad elected president SCBA

Yasin Azad elected president SCBA

Members Supreme Court Bar Association (SCBA) elected Yasin Azad as their president for the next year. He had a lead of 80 votes over former Justice Rasheed A Rivzi. Azad secured 940 votes, while Rizvi bagged 860 votes. Azad won from polling in Lahore, Pes
Published 30 Oct, 2011 12:00am
Suspect held for sexually abusing 48 dead bodies

Suspect held for sexually abusing 48 dead bodies

"A man can cross all limits of morality for lust". This old saying has now proved in Karachi where a 28-year-old man was caught over the charge of abusing bodies of females in Paposh graveyard. North Nazimabad police on Saturday claimed to have arrested a
Published 30 Oct, 2011 12:00am
Suspect held for sexually abusing 48 dead bodies

Suspect held for sexually abusing 48 dead bodies

"A man can cross all limits of morality for lust". This old saying has now proved in Karachi where a 28-year-old man was caught over the charge of abusing bodies of females in Paposh graveyard. North Nazimabad police on Saturday claimed to have arrested a
Published 30 Oct, 2011 12:00am
PML-N offices set on fire in Hyderabad, other places

PML-N offices set on fire in Hyderabad, other places

Some unknown miscreants set PML-N offices on fire in Hyderabad, Jacobabad and Kandah Kot in the wee hours of Sunday, the Aaj News channel reported. The culprits resorted to firing in air before setting the offices ablaze. According to the channel,
Published 30 Oct, 2011 12:00am
PML-N offices set on fire in Hyderabad, other places

PML-N offices set on fire in Hyderabad, other places

Some unknown miscreants set PML-N offices on fire in Hyderabad, Jacobabad and Kandah Kot in the wee hours of Sunday, the Aaj News channel reported. The culprits resorted to firing in air before setting the offices ablaze. According to the channel,
Published 30 Oct, 2011 12:00am
Anti-dumping duty: Zardari likely to take up issue with Turkey

Anti-dumping duty: Zardari likely to take up issue with Turkey

President Asif Ali Zardari, during his upcoming visit to Turkey, is likely to take up the issue of anti-dumping duty imposed by the Turkish government on Pakistani textile products. It is pertinent to mention that the Turkish government had imposed 18 per
Published 30 Oct, 2011 12:00am
Anti-dumping duty: Zardari likely to take up issue with Turkey

Anti-dumping duty: Zardari likely to take up issue with Turkey

President Asif Ali Zardari, during his upcoming visit to Turkey, is likely to take up the issue of anti-dumping duty imposed by the Turkish government on Pakistani textile products. It is pertinent to mention that the Turkish government had imposed 18 per
Published 30 Oct, 2011 12:00am
Anti-dumping duty: Zardari likely to take up issue with Turkey

Anti-dumping duty: Zardari likely to take up issue with Turkey

President Asif Ali Zardari, during his upcoming visit to Turkey, is likely to take up the issue of anti-dumping duty imposed by the Turkish government on Pakistani textile products. It is pertinent to mention that the Turkish government had imposed 18 per
Published 30 Oct, 2011 12:00am
Commonwealth leaders fail to support human rights commissioner

Commonwealth leaders fail to support human rights commissioner

A Commonwealth leaders summit on Saturday failed to agree to appoint a human rights commissioner, despite Australia, Britain and Canada backing the move seen by rights advocates as vital for the 54-nation group to remain credible. Leaders of the mostly fo
Published 30 Oct, 2011 12:00am
Commonwealth leaders fail to support human rights commissioner

Commonwealth leaders fail to support human rights commissioner

A Commonwealth leaders summit on Saturday failed to agree to appoint a human rights commissioner, despite Australia, Britain and Canada backing the move seen by rights advocates as vital for the 54-nation group to remain credible. Leaders of the mostly fo
Published 30 Oct, 2011 12:00am
Nato, Kabul urged to take action against terrorists' havens

Nato, Kabul urged to take action against terrorists' havens

Top military commander Lieutenant General Asif Yasin fighting militants in Khyber Pakhtunkhwa (KP) on Saturday said Pakistan will act against terrorist safe havens, and urged Nato and Afghanistan to do the same. Asif, who is supervising military operation
Published 30 Oct, 2011 12:00am
Nato, Kabul urged to take action against terrorists' havens

Nato, Kabul urged to take action against terrorists' havens

Top military commander Lieutenant General Asif Yasin fighting militants in Khyber Pakhtunkhwa (KP) on Saturday said Pakistan will act against terrorist safe havens, and urged Nato and Afghanistan to do the same. Asif, who is supervising military operation
Published 30 Oct, 2011 12:00am
Saudi court jails 'al Qaeda lady' for 15 years

Saudi court jails 'al Qaeda lady' for 15 years

A Saudi court on Saturday jailed for 15 years a Saudi woman known as "al Qaeda lady" for being the first woman in the kingdom tried for involvement in violence by the jihadist network, state media said. "A Saudi woman was sentenced to 15 years in jail sta
Published 30 Oct, 2011 12:00am
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