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Archive - 2011-11-20
Moot on logistics, supply management
Top News

Moot on logistics, supply management

LAHORE: Pakistan International Freight Forwarders Association, Air Cargo Agents Association of Pakistan and Publicity Ch
Published 20 Nov, 2011 05:25pm
Pakistan beat Sri Lanka in fourth ODI
Top News

Pakistan beat Sri Lanka in fourth ODI

SHARJAH: Pakistan beat Sri Lanka by 26 runs in their fourth one-day international at Sharjah stadium on Sunday to take a
Published 20 Nov, 2011 05:01pm
Rehman rules out treason case against Haqqani

Rehman rules out treason case against Haqqani

Interior Minister Rehman Malik on Saturday ruled out treason case against Pakistan's Ambassador to Washington Husain Haqqani, saying that, if required, the matter of the 'memo' would be open for investigation. Talking to reporters after attending a functi
Published 20 Nov, 2011 12:00am
Energy plan: provinces to be taken on board

Energy plan: provinces to be taken on board

The government has decided to take provinces on board to implement its energy plan approved by the Cabinet on October 12, 2011 after Punjab and Khyber Pakhtunkhawa governments declared not to execute the decision of the Cabinet, well informed sources in t
Published 20 Nov, 2011 12:00am
Energy plan: provinces to be taken on board

Energy plan: provinces to be taken on board

The government has decided to take provinces on board to implement its energy plan approved by the Cabinet on October 12, 2011 after Punjab and Khyber Pakhtunkhawa governments declared not to execute the decision of the Cabinet, well informed sources in t
Published 20 Nov, 2011 12:00am
Energy plan: provinces to be taken on board

Energy plan: provinces to be taken on board

The government has decided to take provinces on board to implement its energy plan approved by the Cabinet on October 12, 2011 after Punjab and Khyber Pakhtunkhawa governments declared not to execute the decision of the Cabinet, well informed sources in t
Published 20 Nov, 2011 12:00am
Mega suppliers' invoices: Genco claims inadmissible refund

Mega suppliers' invoices: Genco claims inadmissible refund

A power generation company has claimed inadmissible input tax adjustments/refund against 100-150 sales tax invoices of suppliers that include oil marketing companies, oil and gas companies, chemical units and trading companies, causing huge loss to the na
Published 20 Nov, 2011 12:00am
Mega suppliers' invoices: Genco claims inadmissible refund

Mega suppliers' invoices: Genco claims inadmissible refund

A power generation company has claimed inadmissible input tax adjustments/refund against 100-150 sales tax invoices of suppliers that include oil marketing companies, oil and gas companies, chemical units and trading companies, causing huge loss to the na
Published 20 Nov, 2011 12:00am
Mega suppliers'' invoices: Genco claims inadmissible refund

Mega suppliers'' invoices: Genco claims inadmissible refund

A power generation company has claimed inadmissible input tax adjustments/refund against 100-150 sales tax invoices of suppliers that include oil marketing companies, oil and gas companies, chemical units and trading companies, causing huge loss to the na
Published 20 Nov, 2011 12:00am
IMF concerned at macro-economic indicators

IMF concerned at macro-economic indicators

The International Monetary Fund (IMF) on Saturday appeared concerned and worried about macro-economic indicators of Pakistan, saying the country is facing long and near-term economic challenges, including those in relation to budgetary side.
Published 20 Nov, 2011 12:00am
IMF concerned at macro-economic indicators

IMF concerned at macro-economic indicators

The International Monetary Fund (IMF) on Saturday appeared concerned and worried about macro-economic indicators of Pakistan, saying the country is facing long and near-term economic challenges, including those in relation to budgetary side.
Published 20 Nov, 2011 12:00am
IMF concerned at macro-economic indicators

IMF concerned at macro-economic indicators

The International Monetary Fund (IMF) on Saturday appeared concerned and worried about macro-economic indicators of Pakistan, saying the country is facing long and near-term economic challenges, including those in relation to budgetary side.
Published 20 Nov, 2011 12:00am
'FBR steps helped maintain consistency in tax policies'

'FBR steps helped maintain consistency in tax policies'

By reducing the standard rate of sales tax and abolishing special excise and other regulatory duties, the Federal Board of Revenue has succeeded in maintaining consistency in the implementation of tax policies to give economy boost.
Published 20 Nov, 2011 12:00am
'FBR steps helped maintain consistency in tax policies'

'FBR steps helped maintain consistency in tax policies'

By reducing the standard rate of sales tax and abolishing special excise and other regulatory duties, the Federal Board of Revenue has succeeded in maintaining consistency in the implementation of tax policies to give economy boost.
Published 20 Nov, 2011 12:00am
''FBR steps helped maintain consistency in tax policies''

''FBR steps helped maintain consistency in tax policies''

By reducing the standard rate of sales tax and abolishing special excise and other regulatory duties, the Federal Board of Revenue has succeeded in maintaining consistency in the implementation of tax policies to give economy boost.
Published 20 Nov, 2011 12:00am
Qadhafi's son captured, scared and without fight

Qadhafi's son captured, scared and without fight

Muammar Qadhafi's son Saif al-Islam has been captured, scared and with just a few thousand dollars, in the Libyan desert by fighters who vowed to hold him in the mountain town of Zintan until there was a government to hand him over to. The fighters claime
Published 20 Nov, 2011 12:00am
Qadhafi's son captured, scared and without fight

Qadhafi's son captured, scared and without fight

Muammar Qadhafi's son Saif al-Islam has been captured, scared and with just a few thousand dollars, in the Libyan desert by fighters who vowed to hold him in the mountain town of Zintan until there was a government to hand him over to. The fighters claime
Published 20 Nov, 2011 12:00am
NRO case: Awan seeks to argue review petition

NRO case: Awan seeks to argue review petition

Dr Babar Awan has filed a petition in Supreme Court on behalf of federation, seeking to argue the federal government's pending review petition against the apex court verdict, declaring National Reconciliation Ordinance (NRO) unconstitutional. Awan on Satu
Published 20 Nov, 2011 12:00am
NRO case: Awan seeks to argue review petition

NRO case: Awan seeks to argue review petition

Dr Babar Awan has filed a petition in Supreme Court on behalf of federation, seeking to argue the federal government's pending review petition against the apex court verdict, declaring National Reconciliation Ordinance (NRO) unconstitutional. Awan on Satu
Published 20 Nov, 2011 12:00am
Afghan jirga agrees deal with US

Afghan jirga agrees deal with US

Afghan elders on Saturday endorsed a long-term strategic partnership deal with the United States while insisting on a string of binding conditions. Their declaration came at the end of a four-day loya jirga or traditional meeting which also supported hold
Published 20 Nov, 2011 12:00am
Afghan jirga agrees deal with US

Afghan jirga agrees deal with US

Afghan elders on Saturday endorsed a long-term strategic partnership deal with the United States while insisting on a string of binding conditions. Their declaration came at the end of a four-day loya jirga or traditional meeting which also supported hold
Published 20 Nov, 2011 12:00am
EU concessions: Brazil softens stance

EU concessions: Brazil softens stance

While taking into account the humanitarian aspect, the government of Brazil has agreed to soften its earlier stand on EU special treatment to Pakistan for the development of areas devastated by 2010 floods. Diplomatic sources disclosed that Brazil after m
Published 20 Nov, 2011 12:00am
EU concessions: Brazil softens stance

EU concessions: Brazil softens stance

While taking into account the humanitarian aspect, the government of Brazil has agreed to soften its earlier stand on EU special treatment to Pakistan for the development of areas devastated by 2010 floods. Diplomatic sources disclosed that Brazil after m
Published 20 Nov, 2011 12:00am
EU concessions: Brazil softens stance

EU concessions: Brazil softens stance

While taking into account the humanitarian aspect, the government of Brazil has agreed to soften its earlier stand on EU special treatment to Pakistan for the development of areas devastated by 2010 floods. Diplomatic sources disclosed that Brazil after m
Published 20 Nov, 2011 12:00am
Four men in British court on terrorism charges

Four men in British court on terrorism charges

A British court remanded four men in custody on Saturday after they were charged with terrorism offences as part of a major counter-terror investigation. Khobaib Hussain, Ishaaq Hussain and Shahid Kasam Khan, all 19, and Naweed Mahmood Ali, 24, appeared i
Published 20 Nov, 2011 12:00am
Four men in British court on terrorism charges

Four men in British court on terrorism charges

A British court remanded four men in custody on Saturday after they were charged with terrorism offences as part of a major counter-terror investigation. Khobaib Hussain, Ishaaq Hussain and Shahid Kasam Khan, all 19, and Naweed Mahmood Ali, 24, appeared i
Published 20 Nov, 2011 12:00am
Cain suggests Taliban part of Libya government

Cain suggests Taliban part of Libya government

Republican White House hopeful Herman Cain, looking to explain a gaffe earlier this week on Libya, on Friday suggested the Taliban was part of the new government in Tripoli in a new slip-up. Speaking at a press conference in Florida, Cain defended himself
Published 20 Nov, 2011 12:00am
Cain suggests Taliban part of Libya government

Cain suggests Taliban part of Libya government

Republican White House hopeful Herman Cain, looking to explain a gaffe earlier this week on Libya, on Friday suggested the Taliban was part of the new government in Tripoli in a new slip-up. Speaking at a press conference in Florida, Cain defended himself
Published 20 Nov, 2011 12:00am
October current account deficit at $220 million

October current account deficit at $220 million

Current account deficit stood at a provisional $220 million in October, compared with a deficit of $1.034 billion in the previous month, the central bank said. For the July-October period, the deficit stood at a provisional $1.555 billion, compared with $
Published 20 Nov, 2011 12:00am
October current account deficit at $220 million

October current account deficit at $220 million

Current account deficit stood at a provisional $220 million in October, compared with a deficit of $1.034 billion in the previous month, the central bank said. For the July-October period, the deficit stood at a provisional $1.555 billion, compared with $
Published 20 Nov, 2011 12:00am
October current account deficit at $220 million

October current account deficit at $220 million

Current account deficit stood at a provisional $220 million in October, compared with a deficit of $1.034 billion in the previous month, the central bank said. For the July-October period, the deficit stood at a provisional $1.555 billion, compared with $
Published 20 Nov, 2011 12:00am
Iraq bans Turkey flights in debt row: official

Iraq bans Turkey flights in debt row: official

Turkish aircraft will be banned from landing at Iraqi airports beginning on Sunday, after Ankara announced a similar move due to a row with Iraq over debts, a transportation ministry official said. "The minister ordered that Turkish airplanes be forbidden
Published 20 Nov, 2011 12:00am
Iraq bans Turkey flights in debt row: official

Iraq bans Turkey flights in debt row: official

Turkish aircraft will be banned from landing at Iraqi airports beginning on Sunday, after Ankara announced a similar move due to a row with Iraq over debts, a transportation ministry official said. "The minister ordered that Turkish airplanes be forbidden
Published 20 Nov, 2011 12:00am
Listed consumer sector performs well

Listed consumer sector performs well

Despite the fact that the country has been facing stiff challenges, listed consumer sector performed well as its profit before taxation increased by 28 percent on year-on-year basis to Rs 13.7 billion during nine months of the current calendar year 2011,
Published 20 Nov, 2011 12:00am
Listed consumer sector performs well

Listed consumer sector performs well

Despite the fact that the country has been facing stiff challenges, listed consumer sector performed well as its profit before taxation increased by 28 percent on year-on-year basis to Rs 13.7 billion during nine months of the current calendar year 2011,
Published 20 Nov, 2011 12:00am
Listed consumer sector performs well

Listed consumer sector performs well

Despite the fact that the country has been facing stiff challenges, listed consumer sector performed well as its profit before taxation increased by 28 percent on year-on-year basis to Rs 13.7 billion during nine months of the current calendar year 2011,
Published 20 Nov, 2011 12:00am
'Time running out to stop a nuclear Iran'

'Time running out to stop a nuclear Iran'

Iran is less than a year away from being unstoppable in its goal of producing a nuclear weapon, Israeli Defence Minister Ehud Barak said in an interview with CNN released on Saturday. In an advance transcript of an interview to air on CNN's "Fareed Zakari
Published 20 Nov, 2011 12:00am
'Time running out to stop a nuclear Iran'

'Time running out to stop a nuclear Iran'

Iran is less than a year away from being unstoppable in its goal of producing a nuclear weapon, Israeli Defence Minister Ehud Barak said in an interview with CNN released on Saturday. In an advance transcript of an interview to air on CNN's "Fareed Zakari
Published 20 Nov, 2011 12:00am
China rebuffs US, Asia pressure in sea dispute

China rebuffs US, Asia pressure in sea dispute

China pushed back on Saturday against a week of US pressure to resolve a rancorous dispute over territorial claims in the South China Sea, a crucial, mineral-rich commercial shipping lane at the heart of growing tensions among Asian leaders. Chinese Premi
Published 20 Nov, 2011 12:00am
China rebuffs US, Asia pressure in sea dispute

China rebuffs US, Asia pressure in sea dispute

China pushed back on Saturday against a week of US pressure to resolve a rancorous dispute over territorial claims in the South China Sea, a crucial, mineral-rich commercial shipping lane at the heart of growing tensions among Asian leaders. Chinese Premi
Published 20 Nov, 2011 12:00am
Egypt police clash with protesters in Tahrir Square

Egypt police clash with protesters in Tahrir Square

Egyptian police clashed Saturday with protesters, firing rubber bullets and tear gas as they broke up a sit-in among whose organisers were people injured during the Arab Spring revolt. "Down with Tantawi," hundreds of protesters cried, referring to the co
Published 20 Nov, 2011 12:00am
Egypt police clash with protesters in Tahrir Square

Egypt police clash with protesters in Tahrir Square

Egyptian police clashed Saturday with protesters, firing rubber bullets and tear gas as they broke up a sit-in among whose organisers were people injured during the Arab Spring revolt. "Down with Tantawi," hundreds of protesters cried, referring to the co
Published 20 Nov, 2011 12:00am
Geelani urges Amnesty to help release Kashmiri detainee

Geelani urges Amnesty to help release Kashmiri detainee

In occupied Kashmir, the veteran Kashmiri Hurriyet leader, Syed Ali Geelani expressing serious concern over the continued illegal detention of Kashmiri youth including more than 50 minors, has asked the Amnesty International to take serious note of the ma
Published 20 Nov, 2011 12:00am
ICCI for steps to increase foreign private investment

ICCI for steps to increase foreign private investment

Islamabad Chambers of Commerce and Industry (ICCI) has called for taking remedial measures on urgent basis to reverse the negative growth in the foreign investment in order to attract more foreign investment.
Published 20 Nov, 2011 12:00am
Foolproof security for Muharram directed

Foolproof security for Muharram directed

Divisional Commissioner, Ahmed Bux Narejo has directed the deputy commissioners of the division to ensure foolproof security arrangements during Muharram-ul-Haram and constitute peace committees consisting of religious scholars and government officers in
Published 20 Nov, 2011 12:00am
Swiss Food Festival brings cultural diversity

Swiss Food Festival brings cultural diversity

The daylong Swiss Food Festival here on Saturday brought a diversity of Swiss culture to the Federal Capital with scrumptious cuisines and traditions from different valleys of Switzerland. The Embassy of Switzerland organised the event providing a unique
Published 20 Nov, 2011 12:00am
PLA Punjab for filling 560 vacant posts

PLA Punjab for filling 560 vacant posts

Pakistan Librarians Association Punjab Chapter demanded the Chief Minister Punjab to fill 560 vacant posts of librarians lying vacant in the province. PLA Punjab, president Chaudhry Muhammad Hanif while speaking at the annual dinner here on Friday night a
Published 20 Nov, 2011 12:00am
PML-N to move Supreme Court over memo: Nawaz

PML-N to move Supreme Court over memo: Nawaz

PML-N Chief and former Prime Minister Nawaz Sharif on Saturday said his party would move the Supreme Court of Pakistan if the issue of secret memo was not resolved. Talking to newsmen here, PML-N Chief demanded that an inquiry should be carried out over s
Published 20 Nov, 2011 12:00am
Police arrest 4 Azerbaijani nationals

Police arrest 4 Azerbaijani nationals

Islamabad Police have arrested four illegal immigrants hailing from Azerbaijan including women who could not produce any authentic document for their stay in Pakistan, a police spokesman said here on Saturday. He said ASI Muhammad Siddique from Sabzi Mand
Published 20 Nov, 2011 12:00am
Khyber Pakhtunkhwa provincial assembly meeting tomorrow

Khyber Pakhtunkhwa provincial assembly meeting tomorrow

Khyber Pakhtunkhwa Assembly will meet on 21st (Monday) to present several bills for legislation, including child and women protection bill. KP Governor, Barrister Masood Kausar has summoned the special meeting on Monday evening. During the meeting, the mo
Published 20 Nov, 2011 12:00am
President's, Prime Minister's intervention sought to end loadshedding

President's, Prime Minister's intervention sought to end loadshedding

Industrialists have sought the intervention of President of Pakistan Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani to direct Karachi Electric Supply Company (KESC) to stop load shedding in industrial areas and resolve its payment dispute wit
Published 20 Nov, 2011 12:00am
Moot on dairy sciences in Khyber Pakhtunkhwa University from tomorrow

Moot on dairy sciences in Khyber Pakhtunkhwa University from tomorrow

Khyber Pakhtunkhwa Agricultural University is going to organise a three-day international conference on "Dairy Sciences" in collaboration with Sarhad Chamber of Commerce & Industry (SCCI), Small & Medium Enterprises Development Authority (Smeda), Provinci
Published 20 Nov, 2011 12:00am
Former AJK Prime Minister against MFN status to India

Former AJK Prime Minister against MFN status to India

Former Prime Minister AJK and President of All Jammu Kashmir Muslim Conference Sardar Attique Ahmed Khan on Saturday opposed the government's decision of granting MFN status to India. He feared that a deep-rooted conspiracy has been hatched on the part of
Published 20 Nov, 2011 12:00am
PIA dispels allegations of corruption, mismanagement

PIA dispels allegations of corruption, mismanagement

The PIA management has dispelled all allegations of corruption and mismanagement as the major stakeholders of the corporation - the shareholders and members of the Board of Directors are fully aware of the airline's financial and operational situation.
Published 20 Nov, 2011 12:00am
UVAS organises workshop on improvement in livestock reproduction

UVAS organises workshop on improvement in livestock reproduction

Punjab livestock and dairy development department secretary Hamid Yaqoob Sheikh said the government is working for the legislation to check uncertified usage of male animals' semen in the province. He was addressing at the inaugural session of one-day nat
Published 20 Nov, 2011 12:00am
Senior Lashkar member escapes attempt on life

Senior Lashkar member escapes attempt on life

A senior member of Salarzai Peace Committee on Saturday escaped an attempt on his life by unknown miscreants in a far-flung area of tehsil Salarzai, Political Administration informed. Malik Gul Akbar, a senior member of "Salarzai Aman Lashkar" along with
Published 20 Nov, 2011 12:00am
Universal Children's Day today

Universal Children's Day today

Universal Children Day will be marked across the globe including Pakistan on November 20 (today) with a call for ensuring the rights of children. Various public and private organisations will arrange seminars, conferences, rallies, walks and interactive p
Published 20 Nov, 2011 12:00am
Traders assure full cooperation during Ashura

Traders assure full cooperation during Ashura

Trading community has assured for full implementation of proposed security plan devised by district administration for upcoming 10 days during Ashura. The security plan was discussed during a meeting held here on Saturday at DCO, Peshawar Siraj Ahmad Khan
Published 20 Nov, 2011 12:00am
Setting up of health unit hailed

Setting up of health unit hailed

"The foundation of Cantonment Board Clifton Health Centre is a fruitful step through which a proper channel can be maintained for providing sublime medical facilities to the residents of the areas." These thoughts were expressed by Director Military Land
Published 20 Nov, 2011 12:00am
Javedan Corp launches 'Naya Nazimabad'

Javedan Corp launches 'Naya Nazimabad'

Javedan Corporation Limited on Saturday announced launch of a housing project 'Naya Nazimabad', here on Saturday. This project has been sponsored by a consortium comprising Arif Habib, AKD and Ghani Osman Hum Group. 'Naya Nazimabad' is a residential proje
Published 20 Nov, 2011 12:00am
Decision to 'accept' EU trade package slammed

Decision to 'accept' EU trade package slammed

Zonal Chairman, Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), Atiq A. Kochra has reacted sharply to the recently published news report that the ministry of commerce has accepted EU's new package of trade concessions for Pakis
Published 20 Nov, 2011 12:00am
Sindh celebrates cultural day

Sindh celebrates cultural day

Rallies were taken out to celebrate the traditional Sindhi Topi and Ajrak Day here on Saturday. Leaders and workers of various political parties, Nationalists parties, NGOs, Sindhi Media Forum, Arts Council of Pakistan and CSS Coaching Center Larkana orga
Published 20 Nov, 2011 12:00am
Chinese entrepreneurs to invest in province: Khuhro

Chinese entrepreneurs to invest in province: Khuhro

The Speaker of Sindh Assembly, Nisar Ahmed Khuhro, who is on a visit to China, has invited the big Chinese entrepreneur to come forward and invest in infrastructure in Sindh province. He was speaking at the reception hosted by China's one of the largest c
Published 20 Nov, 2011 12:00am
Reshma RPP's case: CJP requested to take notice of defiance of its order

Reshma RPP's case: CJP requested to take notice of defiance of its order

Transparency International Pakistan (TIP) has requested the Chief Justice of Pakistan to take notice of the defiance of court's orders by Reshma Rental Power Plant. Although the RPP deposited Rs 4.5 billion, but the "total shortfall which should have been
Published 20 Nov, 2011 12:00am
US C-G hands over equipment to Sindh police

US C-G hands over equipment to Sindh police

US Consul General in Karachi, William Martin, has handed over special equipment and vehicles to Sindh Police under "police assistance programme" at a simple ceremony at Police Headoffice here on Saturday. Sindh Home Minister Manzoor Wassan, Inspector Gene
Published 20 Nov, 2011 12:00am
Pilots, cabin crew from Pakistan being trained by Emirates

Pilots, cabin crew from Pakistan being trained by Emirates

Pakistani pilots and other cabin crew from one of the largest groups being trained at the Emirates Training College, Dubai. Senior Vice-President, Cabin Crew Training, Catherine Baird, briefing visiting newsmen from Pakistan, Argentina and Brazil, here on
Published 20 Nov, 2011 12:00am
Two killed, three hurt in Dera Bugti blast

Two killed, three hurt in Dera Bugti blast

At least two persons were killed while three others injured in a landmine blast in Dera Bugti district on Saturday. Police said that a vehicle was on its way in Jano Beri area when it hit a landmine which exploded. As a result, two persons riding in the v
Published 20 Nov, 2011 12:00am
Foggy weather: PIA flights schedule for Chitral disrupted

Foggy weather: PIA flights schedule for Chitral disrupted

The PIA flights schedule for Chitral to Peshawar had adversely disrupted for the last three days due to persistent foggy weather. According to the PIA sources, said that owing the unpleasant weather of district Chitral, the flights have been cancelled for
Published 20 Nov, 2011 12:00am
Work on 'Sethi House' halted for lack of funds

Work on 'Sethi House' halted for lack of funds

The Department of Museums and Archaeology, Khyber Pakhtunkhwa (KP) has suspended rehabilitation work on the historic Sethi House in Mohallah Setthian, Peshawar City, sources told Business Recorder Saturday. The rehabilitation work on Sethi House, a
Published 20 Nov, 2011 12:00am
Sharjeel says he resigned voluntarily

Sharjeel says he resigned voluntarily

Former Sindh Information Sharjeel Inam Memon while reiterating his stance that his London visit had no link with rebellious Zulfiqar Mirza, said he tendered resignation from the ministry voluntarily. "I was neither under pressure nor did anybody ask me to
Published 20 Nov, 2011 12:00am
Milk adulteration: need to introduce legislation stressed

Milk adulteration: need to introduce legislation stressed

There is immediate need of Milk adulteration/prevention legislation, as it is gaining momentum in Pakistan like other South Asian countries to ensure provision of pure milk to general public. Talking to a select group of reporters here on Saturday, Rashid
Published 20 Nov, 2011 12:00am
11,959 candidates appear in SU pre-entry test

11,959 candidates appear in SU pre-entry test

11,959 candidates appeared for pre entry test for admissions to bachelors degree programme at the University of Sindh for academic session 2012, here on Saturday. Among 11,959 candidates, 2,005 female and 9,954 male candidates appeared in the pre entry te
Published 20 Nov, 2011 12:00am
Dry weather in most parts forecast

Dry weather in most parts forecast

The Met Office forecast on Saturday that mainly dry weather is expected in most parts of the country in the next 24 hours. However, light rain/thunderstorm may occur at a few places of Gilgit-Baltistan and adjoining hilly areas, it said, adding, "A shallo
Published 20 Nov, 2011 12:00am
NRO case hearing: special security arrangements made at Supreme Court

NRO case hearing: special security arrangements made at Supreme Court

Additional Registrar Supreme Court of Pakistan Sajid Mehmood Qazi has been tasked to oversee the security arrangements in the apex court during NRO case hearing beginning November 21. It has been decided that entry into courtroom No 1, where a 17-member l
Published 20 Nov, 2011 12:00am
President condoles death

President condoles death

President Asif Ali Zardari expressed heartfelt grief and sorrow over the demise of mother of Naheed Khan. President Zardari prayed to Allah Almighty to rest the departed soul in eternal peace and grant courage to the bereaved family to bear the irreparabl
Published 20 Nov, 2011 12:00am
Naheed Khan's mother laid to rest

Naheed Khan's mother laid to rest

The funeral prayer of mother of former political secretary of Shaheed Mohtarma Benazir Bhutto, Naheed Khan's mother was offered on Saturday. The funeral prayer was attended among others by President spokesman Farhatullah Babar, Senator Dr Safdar Abbasi, S
Published 20 Nov, 2011 12:00am
Offices of defunct CDGK re-designated

Offices of defunct CDGK re-designated

Administrator Karachi Metropolitan Corporation (KMC) Muhammad Hussain Syed on Saturday notified the Schedule of Establishment (SoE) of KMC consequent upon Revival of the Sindh Local Government Ordinance 1979 (Repeal of Sindh Local Government Ordinance, 20
Published 20 Nov, 2011 12:00am
Best Practices Day celebrated

Best Practices Day celebrated

Omer Morshed Chief Executive Officer Sidat Hyder Morshed Associates has said that Best Practices Day (BPD) was inspired by a passion to create a forum of learning through sharing, initiated in 2002.
Published 20 Nov, 2011 12:00am
Shahbaz speaks to party workers

Shahbaz speaks to party workers

Punjab Chief Minister Muhammad Shahbaz Sharif said that service to the people is our mission and all resources are being utilised for this purpose. He stressed upon the party workers to play their role for ensuring timely and transparent completion of dev
Published 20 Nov, 2011 12:00am
USAID team briefed on water, energy sectors' progress

USAID team briefed on water, energy sectors' progress

A two-member USAID Assessment Mission visited LCCI on Saturday to discuss the establishment of centres of excellence in various universities of Pakistan with special focus on water, energy and agriculture development in the country.
Published 20 Nov, 2011 12:00am
Government flayed for granting MFN status to India

Government flayed for granting MFN status to India

Secretary General, Jamaat-i-Islami Pakistan, Liaqat Baloch has warned the government that granting India 'The Most Favoured Nation' status would pave way for India to be permanent member of Security Council in the United Nations. Addressing the party resp
Published 20 Nov, 2011 12:00am
12,000 cops to provide security during Muharram

12,000 cops to provide security during Muharram

Capital City Police Officer (CCPO) Ahmad Raza Tahir has ordered that no police official would leave his duty till the dispersal of last person from Muharram-ul-Haram's Majalis and processions, besides ensuring strict implementation of Moharram security pl
Published 20 Nov, 2011 12:00am
Growers urge TCP to buy their cotton

Growers urge TCP to buy their cotton

Millions of cotton growers are incurring huge financial losses due to monopoly of textile sector and they would be ruined if the government did not ask the Trading Corporation of Pakistan (TCP) to procure their cotton, said Amanullah Qureshi, Chairman of
Published 20 Nov, 2011 12:00am
Traders' visa applications Italian embassy establishes separate counter

Traders' visa applications Italian embassy establishes separate counter

Italian Ambassador in Pakistan Vencenzo Prati has said a separate counter has been set up to entertain visa applications of traders. Addressing a meeting at Multan Chamber of Commerce & Industry (MCCI), here on Friday, he said visas were now being issued
Published 20 Nov, 2011 12:00am
Wedding parties: 11 booked for violating 'one-dish' rule

Wedding parties: 11 booked for violating 'one-dish' rule

Local police have registered a case against 11 persons including four hotel managers on the charges of violating 'one dish' order of Punjab government and serving the participants of wedding parties with three to four dishes.
Published 20 Nov, 2011 12:00am
MoU signed between CHL and RMH England

MoU signed between CHL and RMH England

A MoU with regard to co-operation was signed between Children Hospital Lahore and Royal Marsden Hospital England here on Saturday. Chairperson Children Cancer and Leukaemia Group UK Dr Mary Taj and Medical Director Children Hospital Lahore Professor Ahsan
Published 20 Nov, 2011 12:00am
Winter season: rumours of 90-day gas suspension create panic

Winter season: rumours of 90-day gas suspension create panic

The textile industry is panicked over rumours of gas disruption for 90 days during winter season. Sources said the federal government is considering the option of suspending gas supply to the textile industry to keep CNG and fertiliser industry running du
Published 20 Nov, 2011 12:00am
Rs 58.22 million micro credit provided to brick kiln workers

Rs 58.22 million micro credit provided to brick kiln workers

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi has said the labour department has provided Rs 58.22 million interest free micro credit to 3047 workers of brick kilns in two districts for the elimination of bonded labour, child labour and exploitation o
Published 20 Nov, 2011 12:00am
127 shops gutted in Imperial Market blaze

127 shops gutted in Imperial Market blaze

Fire has destroyed 127 shops of the Imperial Market caused millions of loss to shopkeepers in Rawalpindi's Raja Bazar. According to details, fire broke out on the first floor of Imperial Market in Raja Bazar on night between Friday and Saturday, which spr
Published 20 Nov, 2011 12:00am
BISE revised results announced

BISE revised results announced

Board of Intermediate and Secondary Education (BISE) Lahore has announced its revised results of intermediate part-I after rectifying errors, here on Saturday. According to the revised results, 62,647 declared to have passed the exam as against 49,436 in
Published 20 Nov, 2011 12:00am
PML-N to hold public meeting today

PML-N to hold public meeting today

The Pakistan Muslim League (PML-N) will hold a public meeting at Dhobi Ghat Ground, on Sunday (today). A number of big banners with slogan of "Go Zardar Go" have been displayed in and around the venue. Former Senator Farooq Khan Chairman of the arrangemen
Published 20 Nov, 2011 12:00am
Need to establish reliable education system emphasised

Need to establish reliable education system emphasised

In a rapidly growing population as in Pakistan, the need for a "Reliable Education System" is strongly desired. Pakistan's education system, although not as contemporary and efficient as that of the developed countries, has displayed significant improveme
Published 20 Nov, 2011 12:00am
PPP government to complete tenure: Shujaat

PPP government to complete tenure: Shujaat

Leader of Pakistan Muslim League (Q) Chaudhry Shujaat Hussain said on Saturday that the Pakistan Peoples Party-led government will complete its tenure and PML-Q will be PPP's ally in the next general elections. Talking to newsmen at residence of Chaudhry
Published 20 Nov, 2011 12:00am
Deadly polio vaccines

Deadly polio vaccines

The government of Pakistan had declared, under its national emergency plan, earlier this year to eradicate polio before 2012. Unfortunately, however, the country seems set to miss this deadline as the number of polio cases in Pakistan soars to 132 so far
Published 20 Nov, 2011 12:00am
Reviving public transport?

Reviving public transport?

Such is the state of affairs in Pakistan that even a sincere public service decision can end up with an egg on its face. With Lahore facing growing transport woes for its populace, the provincial government's new CNG bus service became a victim of student
Published 20 Nov, 2011 12:00am
What will he do next?

What will he do next?

By the time this article is published, Pakistan mission led by Finance Minister Dr Abdul Hafeez Shaikh will have completed Article-IV annual review of the outlook for the economy with International Monetary Fund (IMF) in Dubai, and the brainstorming on mo
Published 20 Nov, 2011 12:00am
Caravan in motion: Indo-Pak trade - II

Caravan in motion: Indo-Pak trade - II

The afternoon programme was visits to strong and effective trade associations. The first stop was at the Shangri-la Hotel where a jam-packed hall consisting of members of ASSOCHAM INDIA (The Associated Chambers of Commerce and Industry of India) welcomed
Published 20 Nov, 2011 12:00am
Besieged Syrian city of Homs facing humanitarian crisis

Besieged Syrian city of Homs facing humanitarian crisis

Life in Homs, known as the capital of the Syrian revolution, is becoming increasingly difficult as the violence between the government and opposition intensifies. Residents in the city of around 2 million people find it hard to get basic supplies such as
Published 20 Nov, 2011 12:00am
Unfortunate players

Unfortunate players

At last Muhammad Asif, Salman Butt and Amir were sentenced and imprisoned in UK. Doubtless they committed crimes and threw no balls but has anybody considered that various Pakistani cricketers were already involved in match fixing in the past?
Published 20 Nov, 2011 12:00am
Change of chairs

Change of chairs

When President Asif Zardari gives audience at the Presidency, he let the dignitary take the chair on his left side. This protocol was reversed in one-on-one meeting with General Kayani. He let the army chief sit where he usually sits. The picture of Benaz
Published 20 Nov, 2011 12:00am
IN SHORT: Indonesia rubber exports seen falling in Q4

IN SHORT: Indonesia rubber exports seen falling in Q4

Indonesia's natural rubber exports in the fourth quarter are seen dropping to 500,000 tonnes, from over 600,000 tonnes per quarter so far this year, on weaker demand from key consumer countries such as China, an industry official said on Friday.
Published 20 Nov, 2011 12:00am
IN SHORT: Maharashtra so far produces 20 percent less sugar in 2011/12

IN SHORT: Maharashtra so far produces 20 percent less sugar in 2011/12

India's top sugar producer Maharashtra has so far produced 20 percent less sugar than at the same point last year as cane crushing faced delays over a cane price dispute, an industry official said. Crushing momentum has now picked up, however, after farme
Published 20 Nov, 2011 12:00am
IN SHORT: Bangladesh to defer wheat tender by two weeks

IN SHORT: Bangladesh to defer wheat tender by two weeks

Bangladesh's state grains buyer will defer the process of a tender to buy 50,000 tonnes of wheat by two weeks due to storage constraints, a procurement official said on Thursday. "The new date for the opening of bids will be December 5 instead of November
Published 20 Nov, 2011 12:00am
IN SHORT: Australia's CBH sells 150,000T wheat to Saudi Arabia

IN SHORT: Australia's CBH sells 150,000T wheat to Saudi Arabia

Western Australia's CBH Group said on Monday it had sold 150,000 tonnes of Australian Prime White (APW) grade wheat to Saudi Arabia, following the Middle East kingdom's decision to no longer rely on domestic supplies as it seeks to conserve water.
Published 20 Nov, 2011 12:00am
IN SHORT: Philippines may buy rice

IN SHORT: Philippines may buy rice

The Philippines, among the world's biggest rice buyers, plans to buy more of the grain in 2012 than earlier forecast after typhoons damaged crops, and may start its purchases as early as next month, the Agriculture secretary said on Thursday.
Published 20 Nov, 2011 12:00am
Commodity prices down as eurozone debt tensions rise

Commodity prices down as eurozone debt tensions rise

Commodity prices were mostly lower last week, in line with tumbling stock markets as traders sought cover from the escalating eurozone debt crisis. Financial markets fell sharply days as Italy, Spain and France faced a sharp spike in borrowing costs, with
Published 20 Nov, 2011 12:00am
Cotlook cuts world cotton-use forecast on poor economy

Cotlook cuts world cotton-use forecast on poor economy

Influential industry publication Cotlook on Thursday cut its forecast for world 2011/12 cotton consumption and raised its cotton-surplus projection, as economic fears sap demand for the fiber. "The deteriorating economic outlook has become the dominant in
Published 20 Nov, 2011 12:00am
Ivory Coast January-October cotton exports down 46 percent

Ivory Coast January-October cotton exports down 46 percent

Exports of cotton from Ivory Coast totalled 91,657 tonnes from January to October 2011, down more than 46 percent compared with the same month last year, provisional port data showed on Friday. The sharp fall was the result of a violent post-electoral con
Published 20 Nov, 2011 12:00am
Asian rubber: Thai sells nearby cargo; producer meeting eyed

Asian rubber: Thai sells nearby cargo; producer meeting eyed

More Thai sellers offered rubber for nearby shipments because of ample supply that cut prices and stirred fears of defaults by Chinese buyers, while Indonesia was struggling to secure raw material, dealers said on Tuesday.
Published 20 Nov, 2011 12:00am
New York cotton down sharply

New York cotton down sharply

Cotton futures fell by their daily limit on Friday, as investors fretted over Europe's debt crisis and players exited long positions in the December contract before first notice day next week, brokers said. "A lot of it's Europe, which had a lot of pressu
Published 20 Nov, 2011 12:00am
Gold demand rises in Europe, falls in India

Gold demand rises in Europe, falls in India

There were two surprising elements in the World Gold Council's third quarter report: the leap in Europe's gold demand and the slump in India's. The trick is working out whether these are the start of some significant new trend or once-off phenomena that c
Published 20 Nov, 2011 12:00am
Thai rice prices up despite Indian sales

Thai rice prices up despite Indian sales

The availability of relatively cheap rice from India continued to depress demand for grain from Thailand and Vietnam, the world's top two exporters, this week but prices in Thailand held up due to government intervention, dealers said.
Published 20 Nov, 2011 12:00am
Malaysia seen buying sugar; Thai premiums inch up

Malaysia seen buying sugar; Thai premiums inch up

Malaysia was seen buying raw sugar to replenish stocks, but details were sketchy, while sellers pushed up premiums for Thai sugar to offset recent declines in New York futures, dealers said on Wednesday. Malaysia wants to buy 3 million tonnes of raws over
Published 20 Nov, 2011 12:00am
Asian copper TC/RC talks stumble on Grasberg strike

Asian copper TC/RC talks stumble on Grasberg strike

Chinese copper smelters are asking for higher 2012 treatment and refining charges, banking that a strike at the world's second-largest copper mine will not affect supply next year, smelter sources and traders said on Thursday.
Published 20 Nov, 2011 12:00am
Death toll rises in Syria despite Arab League deadline

Death toll rises in Syria despite Arab League deadline

Three people were killed in a crackdown on dissent against the rule of President Bashar al-Assad on Saturday, activists said, despite a deadline by the Arab League for Damascus to take steps to end the bloodshed. The Arab League, a powerful political grou
Published 20 Nov, 2011 12:00am
Saleh says will hand Yemen to army if he quits

Saleh says will hand Yemen to army if he quits

Yemen's embattled President Ali Abdullah Saleh said on Saturday he would hand the country over to the military if he were to step down as demanded by the opposition. "We... are ready to make sacrifices for the country. But you will always be there, even i
Published 20 Nov, 2011 12:00am
Polish government wins confidence vote in parliament

Polish government wins confidence vote in parliament

Polish Prime Minister Donald Tusk and his new Cabinet survived a confidence vote in parliament Saturday, a day after announcing far-reaching austerity measures aimed at helping the economy remain strong in troubled times. The government's survival was exp
Published 20 Nov, 2011 12:00am
US forces kill Iraqis

US forces kill Iraqis

US forces shot dead two Iraqi civilians south of Baghdad on Saturday following a bomb attack on their convoy, Iraq security officials said, while the US military denied its soldiers opened fire. "A roadside bomb hit a US convoy in Yusifiyah on the road to
Published 20 Nov, 2011 12:00am
Ethiopian troops move into Somalia

Ethiopian troops move into Somalia

Scores of Ethiopian military vehicles pushed at least 80 km into neighbouring Somalia on Saturday, residents said, five weeks after Kenya entered Somalia to fight militants it blames for a wave of kidnappings on its soil. "The Ethiopian troops, which are
Published 20 Nov, 2011 12:00am
Dutch government ally opposes Turkish president's visit

Dutch government ally opposes Turkish president's visit

Dutch anti-Islam politician Geert Wilders, a key ally for the ruling Liberal-Christian Democrat coalition, said on Saturday he opposed a planned visit by Turkish President Abdullah Gul because Turkey is an "Islamist regime". Wilders, whose party is the th
Published 20 Nov, 2011 12:00am
Bahrainis protest death of youth hit by police car

Bahrainis protest death of youth hit by police car

Crowds of mourners confronted police in Bahrain on Saturday after a teenage protester was killed by a police car, residents said, heightening tensions in the Gulf state where majority Shias are demanding more political rights. The 16-year-old was run over
Published 20 Nov, 2011 12:00am
Chemical plant blast kills 14 in China

Chemical plant blast kills 14 in China

Fourteen workers were killed and five injured Saturday in an explosion at a chemical plant in east China, state media reported, citing local authorities. The explosion occurred around 2pm at a melamine production facility in Xintai, in Shandong province,
Published 20 Nov, 2011 12:00am
UN 'deplores' plot to kill Saudi envoy in US

UN 'deplores' plot to kill Saudi envoy in US

The UN General Assembly overwhelmingly approved a resolution Friday deploring the alleged plot to kill Saudi Arabia's ambassador to the United States and pointed a finger at Iran. The 193-member world body didn't directly accuse Iran of involvement, but i
Published 20 Nov, 2011 12:00am
Former Philippines' president booked on poll fraud

Former Philippines' president booked on poll fraud

Philippine police officers took the mugshots and fingerprints of former president Gloria Macapagal Arroyo at a Manila hospital on Saturday, where she is under heavy guard after being arrested on charges of fraud. "The former president was sitting in a rec
Published 20 Nov, 2011 12:00am
Audit finds inadequate monitoring of US arms sales

Audit finds inadequate monitoring of US arms sales

A US government audit released Friday found inadequate monitoring of American weapons sales to Persian Gulf countries with questionable human rights records or recent clashes with protesters. The Government Accountability Office said gaps in the State and
Published 20 Nov, 2011 12:00am
Iran holds air defence military exercises

Iran holds air defence military exercises

Iran says it has begun a four-day air defence military exercise aimed at upgrading its ability to protect its airspace and its nuclear facilities in case of an attack. The official IRNA news agency says the drills involve the elite Revolutionary Guard as
Published 20 Nov, 2011 12:00am
Two Afghan policemen killed by Nato troops

Two Afghan policemen killed by Nato troops

Two Afghan policemen were killed and three wounded when Nato-led forces shot them at a checkpoint, a local police chief said Saturday. The incident happened due to a "misunderstanding" between international troops and the Afghan forces, who are jointly fi
Published 20 Nov, 2011 12:00am
Security fears keep Nigeria president from home state vote

Security fears keep Nigeria president from home state vote

Security fears kept Nigeria's president from attending his party's gubernatorial primary on Saturday in his home state that has been tainted by an escalating row over the incumbent governor's exclusion from running. Security was unusually tight for a loca
Published 20 Nov, 2011 12:00am
Indonesian president defends military in Papua

Indonesian president defends military in Papua

Indonesian President Susilo Bambang Yudhoyono defended on Saturday the actions of its military in remote Papua province following accusations of human rights abuses and the recent killing of three people. Three people were killed on October 19 as police a
Published 20 Nov, 2011 12:00am
US probes cyber attack on water system

US probes cyber attack on water system

Federal investigators are looking into a report that hackers managed to remotely shut down a utility's water pump in central Illinois last week, in what could be the first known foreign cyber attack on a US industrial system. The November 8 incident was d
Published 20 Nov, 2011 12:00am
New life begins for Nepal's Maoist former rebels

New life begins for Nepal's Maoist former rebels

Nepal's Maoist fighters Saturday began the process of leaving the camps they have called home since the end of their insurgency in 2006, to join the regular army or start new lives. The historic transition follows a breakthrough peace deal signed on Novem
Published 20 Nov, 2011 12:00am
Dead Iran commander was testing missile

Dead Iran commander was testing missile

A senior Iranian Revolutionary Guard commander killed in an explosion at an ammunition depot west of Tehran last week died while testing an intercontinental missile, his brother was quoted by a government newspaper as saying Saturday. Mohammad Tehrani Mog
Published 20 Nov, 2011 12:00am
Police say Chevron unprepared to deal with spill

Police say Chevron unprepared to deal with spill

The head of environmental affairs for Brazil's federal police says oil company Chevron was not prepared for the offshore oil spill at one of its wells. Fabio Scliar says Chevron personnel at the well told his investigators that they were ``completely unpr
Published 20 Nov, 2011 12:00am
Three dead in autobahn pile-up collision in Germany

Three dead in autobahn pile-up collision in Germany

Three people were killed and 35 injured in a massive pile-up collision on a fog-covered highway in western Germany, police said on Saturday. The crash, which involved 52 vehicles, occurred on Friday night near the city of Muenster after fog settled over t
Published 20 Nov, 2011 12:00am
Hijackers take two boats, hostages, off Nigeria

Hijackers take two boats, hostages, off Nigeria

Gunmen boarded two fishing vessels just off the coast of Nigeria and took two people hostage, security sources said on Saturday, the latest in a series of hijackings in the waters around Africa's largest oil business. The captains of the two boats were ta
Published 20 Nov, 2011 12:00am
Iran defiant after UN nuclear resolution

Iran defiant after UN nuclear resolution

Iranian media on Saturday described a resolution from the UN nuclear watchdog expressing "deep and increasing concern" about the country's atomic programme as a victory, celebrating the fact it does not call for new UN sanctions. But Washington has alread
Published 20 Nov, 2011 12:00am
Central Bangkok 'safe' from floods: Thai Prime Minister

Central Bangkok 'safe' from floods: Thai Prime Minister

Thailand's premier declared central Bangkok safe from the kingdom's devastating floods Saturday, as the death toll passed 600 and President Barack Obama vowed the US will give whatever help it can. Thailand is suffering its worst flooding in half a centur
Published 20 Nov, 2011 12:00am
Pope says West should not condescend to Africa

Pope says West should not condescend to Africa

Pope Benedict said on Saturday the developed world could not continue to look down on Africa "with the judgmental tone of a moraliser and impose rules, but must come up with real partnership solutions to solve the continent's many problems. The 84-year-ol
Published 20 Nov, 2011 12:00am
Russia seeks tougher punishment for US couple

Russia seeks tougher punishment for US couple

Russia will seek tougher punishment for an American couple convicted in the US of the involuntary manslaughter of a 7-year-old boy they adopted from the country, authorities said Saturday. Michael and Nanette Craver of York County in Pennsylvania were sen
Published 20 Nov, 2011 12:00am
Tiger tamed but US sniff victory

Tiger tamed but US sniff victory

South Korea's Kim Kyung-tae drained a clutch putt on the 18th hole to beat Tiger Woods in their four-ball match and give the Internationals a glimmer of hope with the Americans closing in on a seventh Presidents Cup victory on Saturday. Partnered with YE
Published 20 Nov, 2011 12:00am
Man City power on with victory over Newcastle

Man City power on with victory over Newcastle

Free-scoring Manchester City tightened their grip at the top of the Premier League with a 3-1 home win over Newcastle United on Saturday to take their goals tally to 42 from 12 games. Mario Balotelli and Sergio Aguero both scored penalties and Micah Richa
Published 20 Nov, 2011 12:00am
Southeast Asian Games: Indonesia strike gold as footballers reach final

Southeast Asian Games: Indonesia strike gold as footballers reach final

Indonesia's footballers set up a mouth-watering final clash with Malaysia, as a gold spree by their badminton stars extended their medals lead at the Southeast Asian Games on Saturday. Indonesia were on 138 golds in a bulging 350 medal tally late Saturday
Published 20 Nov, 2011 12:00am
Turkish police raid federation office, arrest VP

Turkish police raid federation office, arrest VP

Turkish police on Saturday raided the offices of the Turkish Football Federation (TFF) here and arrested a TFF vice-president as part of their probe into match-fixing in the country, the Anatolia news agency reported. Police arrested Goksel Gumusdag after
Published 20 Nov, 2011 12:00am
Lin beats Lee in Hong Kong semi-final

Lin beats Lee in Hong Kong semi-final

Olympic badminton champion Lin Dan beat world number one Lee Chong Wei in straight sets Saturday to set up an all-Chinese final at the Hong Kong Open. Lin, a four-time world champion, dominated the match, taking 46 minutes to beat his great rival 21-16, 2
Published 20 Nov, 2011 12:00am
Amla, De Villiers frustrate Australians

Amla, De Villiers frustrate Australians

Hashim Amla and AB de Villiers shared an unbeaten century partnership as South Africa regained the initiative on the third day of the second and final Test against Australia at the Wanderers Stadium on Saturday. South Africa were 229 for three when bad li
Published 20 Nov, 2011 12:00am
Pioneer D'Oliveira dies after prolonged illness

Pioneer D'Oliveira dies after prolonged illness

Basil D'Oliveira, the South Africa-born all-rounder whose selection in an England team to visit his native land changed the course of history, has died at the age of 80 after a long battle against Parkinson's disease. D'Oliveira emigrated to England with
Published 20 Nov, 2011 12:00am
Referee's attempted suicide overshadows German league

Referee's attempted suicide overshadows German league

Borussia Moenchengladbach midfielder Marco Reus hit a hat-trick on Saturday to put his side second in the German league, but the attempted suicide of a Bundesliga referee over-shadowed Saturday's matches. The match between Cologne and Mainz was called off
Published 20 Nov, 2011 12:00am
African currencies outlook

African currencies outlook

East Africa's shillings are all expected to strengthen against the dollar next week as tourism revenues start to climb with the onset of the year-end holiday season and Africans overseas send money home to relatives.
Published 20 Nov, 2011 12:00am
Key Euribor rate climbs on bank worries

Key Euribor rate climbs on bank worries

Key euro-priced bank-to-bank lending rates ticked up on Friday as the sovereign debt crisis intensified worries about the health of the euro zone banking sector. Banks are depositing large amounts of money at the ECB's overnight facility at a lower rate r
Published 20 Nov, 2011 12:00am
Swiss franc climbs versus dollar

Swiss franc climbs versus dollar

The Swiss franc climbed against the dollar on Friday and also gained a touch versus the euro, but analysts saw further strength against the greenback unlikely given concerns about the euro zone's debt crisis worsening. The franc has traded almost in tande
Published 20 Nov, 2011 12:00am
Euro up but ECB uncertainty, US deficit debate weigh

Euro up but ECB uncertainty, US deficit debate weigh

Investors will remain wary of placing bets in favour of the euro, with issues on both sides of the Atlantic likely to contain risk appetite. While the euro rose against the dollar on Friday on the possibility the European Central Bank and the Internationa
Published 20 Nov, 2011 12:00am
Canadian dollar edges higher

Canadian dollar edges higher

The Canadian dollar edged slightly higher against the US currency on Friday, breaking four days of losses, as higher than expected domestic inflation data curbed market bets for an interest rate cut. The consumer price index rose 2.9 percent in October fr
Published 20 Nov, 2011 12:00am
Long dollar bets rise to largest in a month

Long dollar bets rise to largest in a month

Currency speculators raised their bets in favour of the US dollar in the latest week to their largest in a month, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $10.1
Published 20 Nov, 2011 12:00am
Why hasn't the euro zone crisis hammered the euro?

Why hasn't the euro zone crisis hammered the euro?

The euro has held up relatively well on the foreign exchanges despite a two-year-old sovereign debt crisis that has seen euro-denominated bond yields rising to record levels and talk the currency bloc may not even survive. The euro has weakened in recent
Published 20 Nov, 2011 12:00am
S&P 500 posts worst week in two months

S&P 500 posts worst week in two months

The worst week for US stocks in two months ended with traders mostly sitting it out on Friday as they waited for politicians in Europe and the United States to tackle festering debt problems. The Dow and S&P 500 were little changed and the Nasdaq composit
Published 20 Nov, 2011 12:00am
ADR Report: European bank shares edge higher

ADR Report: European bank shares edge higher

US-listed shares of overseas companies were flat on Friday, while European banks mostly rose in spite of lingering worries over the region's debt crisis. Some support came as Italian and Spanish bond yields fell following buying by the European Central Ba
Published 20 Nov, 2011 12:00am
Intel-backed Synacor revives IPO plans

Intel-backed Synacor revives IPO plans

Synacor Inc, partly owned by Intel Corp, filed with US regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans to tap the public markets after three years. In a filing with the US Securities and Exchange Commissio
Published 20 Nov, 2011 12:00am
Latam stocks fall

Latam stocks fall

Latin American stocks fell on Friday in choppy trade, as light volumes underscored investor reluctance due to persistent worries that the eurozone sovereign debt crisis is widening. The MSCI Latin American stock index lost 0.9 percent, falling to a four-w
Published 20 Nov, 2011 12:00am
Turkish bonds yields, share index fall

Turkish bonds yields, share index fall

Turkey's benchmark bond yield fell 22 basis points on Friday as traders saw opportunities to buy after morning losses, while the lira weakened against the dollar as investors worried about eurozone debt problems. The yield on Turkey's benchmark bond matur
Published 20 Nov, 2011 12:00am
Russia's Otkritie drops IPO plans

Russia's Otkritie drops IPO plans

Russia's Otkritie Financial Corporation, 20-percent owned by lender VTB, has mothballed plans for an initial public offering and expects markets to remain tough for perhaps five years, its chairman told Reuters. Otkritie, a holding company that owns a bro
Published 20 Nov, 2011 12:00am
Treasuries slip

Treasuries slip

US Treasuries prices fell on Friday as Italian government bond yields eased and the European Central Bank intervened in markets to lean against the higher premiums investors have been demanding for European debt. The possibility the ECB might start lendin
Published 20 Nov, 2011 12:00am
Treasuries slip

Treasuries slip

US Treasuries prices fell on Friday as Italian government bond yields eased and the European Central Bank intervened in markets to lean against the higher premiums investors have been demanding for European debt. The possibility the ECB might start lendin
Published 20 Nov, 2011 12:00am
TSX down on weaker commodities

TSX down on weaker commodities

Toronto's main stock index was down slightly at midday on Friday as resource and financial issues fell on concerns that European policymakers were not acting urgently enough to resolve the debt crisis. Commodity stocks looked to rebound after their bigges
Published 20 Nov, 2011 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields rose on Friday as investors trimmed positions after underwriters were forced to buy some bonds at a debt sale, a decision by the central bank that was likely made to avoid a further rise in government borrowing costs.
Published 20 Nov, 2011 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields rose on Friday as investors trimmed positions after underwriters were forced to buy some bonds at a debt sale, a decision by the central bank that was likely made to avoid a further rise in government borrowing costs.
Published 20 Nov, 2011 12:00am
Sri Lankan stocks rise

Sri Lankan stocks rise

Sri Lanka's stock market gained on Friday in bargain-hunting ahead of the 2012 budget next week, while the rupee currency ended weaker as the central bank raised the dollar trading band. The main share index rose 0.79 percent or 47.96 points firmer at 6,1
Published 20 Nov, 2011 12:00am
Timing for Mongolia's giant mine IPO still unclear: CFO

Timing for Mongolia's giant mine IPO still unclear: CFO

Mongolia plans to list its giant Tavan Tolgoi coal mine in Hong Kong, London and the Mongolian capital of Ulan Bator, but it is still too early to say exactly when, the newly appointed chief financial officer for the project told Reuters.
Published 20 Nov, 2011 12:00am
Japanese bonds gain

Japanese bonds gain

Japanese government bonds gained on Friday as surging bond yields in eurozone nations fuelled fears the debt crisis there could spiral out of control, with the yield curve bull-flattening as super-longs were picked up on dips. In a sign that global fundin
Published 20 Nov, 2011 12:00am
Japanese bonds gain

Japanese bonds gain

Japanese government bonds gained on Friday as surging bond yields in eurozone nations fuelled fears the debt crisis there could spiral out of control, with the yield curve bull-flattening as super-longs were picked up on dips. In a sign that global fundin
Published 20 Nov, 2011 12:00am
McDonald's drops egg supplier over cruelty charges

McDonald's drops egg supplier over cruelty charges

McDonald's has dropped a Minnesota-based egg supplier after an animal rights group released an undercover video of operations at the egg producer's farms in three states. The video by Mercy for Animals shows what it calls animal cruelty, including a worke
Published 20 Nov, 2011 12:00am
Julius Baer head sees US-Swiss tax deal in 3-6 months

Julius Baer head sees US-Swiss tax deal in 3-6 months

Switzerland could see a deal within the next three to six months to end a long-simmering dispute over how it will hand over data to the United States on wealthy Americans suspected of dodging taxes, Julius Baer Chief Executive said on Saturday.
Published 20 Nov, 2011 12:00am
India's Kingfisher slips to third spot, IndiGo gains

India's Kingfisher slips to third spot, IndiGo gains

India's struggling Kingfisher Airlines slipped in market share to the third position in October, from second in September, ceding ground to budget airline IndiGo, government data showed. Kingfisher is unlikely to recover lost ground in coming months becau
Published 20 Nov, 2011 12:00am
Indian federal police raids Bharti, Vodafone offices

Indian federal police raids Bharti, Vodafone offices

India's federal police on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government to operators between 2001-02. The searches were in regard to possible irregularities in al
Published 20 Nov, 2011 12:00am
Amid economic reforms, Cuba goes after corruption

Amid economic reforms, Cuba goes after corruption

Green-clad security agents swoop down on an upscale business complex to shutter the offices of a Canadian car dealership. Top executives at Cuba's famed cigar monopoly find themselves behind bars. A former government minister trades his seat in power for
Published 20 Nov, 2011 12:00am
Areva to cut 1,300 German jobs on nuclear exit

Areva to cut 1,300 German jobs on nuclear exit

French nuclear group Areva will be cutting 1,300 jobs in Germany in reaction to the German government's decision to shut all nuclear reactors by 2022, a German magazine said on Saturday. Areva will announce details of its plan on December 13, Der Spiegel
Published 20 Nov, 2011 12:00am
Telecom Italia to outperform weak sector 2012

Telecom Italia to outperform weak sector 2012

The telecoms market faces a lean year in 2012 but Telecom Italia will do better than the overall sector as it looks to web-based services to help boost revenue, the chief executive of Italy's biggest telecoms company said on Saturday. "The telecoms market
Published 20 Nov, 2011 12:00am
US backs 'green prosperity' with Indonesia aid

US backs 'green prosperity' with Indonesia aid

US Secretary of State Hillary Clinton announced $600 million in aid for Indonesia Saturday, most of it for "green prosperity" in the world's third-biggest greenhouse gas emitter. The money will be funnelled through the Millennium Challenge Corporation (MC
Published 20 Nov, 2011 12:00am
Japan, China, South Korea seek investment treaty by year-end

Japan, China, South Korea seek investment treaty by year-end

Leaders of Japan, China and South Korea on Saturday agreed to seek a trilateral investment treaty by the end of this year as a way to speed up talks on a free trade pact among the three countries, a senior Japanese official said. They also agreed to finis
Published 20 Nov, 2011 12:00am
Yemen's Aden refinery stops due to lack of crude

Yemen's Aden refinery stops due to lack of crude

Yemen's Aden oil refinery stopped production on Saturday after crude supplies ran out due to an attack on a supply pipeline, a company official said. The production stop was likely to bring back fuel shortages that hit the impoverished Arab country earlie
Published 20 Nov, 2011 12:00am
More deals in focus as Olympus scandal widens

More deals in focus as Olympus scandal widens

As attention in the Olympus accounting scandal turns to whether funds used to cover up losses were funnelled to criminal groups, scrutiny is set to increase on deals not yet in the spotlight, including an ill-fated $780 million investment in technology fi
Published 20 Nov, 2011 12:00am
Adidas sees further growth next year

Adidas sees further growth next year

Adidas, the world's second-largest maker of sports apparel, expects its revenues and profits to grow further next year despite the eurozone debt crisis, its chief executive said in an interview with a German newspaper.
Published 20 Nov, 2011 12:00am
Adidas sees further growth next year

Adidas sees further growth next year

Adidas, the world's second-largest maker of sports apparel, expects its revenues and profits to grow further next year despite the eurozone debt crisis, its chief executive said in an interview with a German newspaper.
Published 20 Nov, 2011 12:00am
Brazil plans stricter land purchase rules

Brazil plans stricter land purchase rules

Brazil's government is working on a new rule to further limit the purchase of farm land by foreigners, arguing that the current legislation has been "insufficient," a Brazilian newspaper said on Saturday. The new rule, which could come as a decree, aims t
Published 20 Nov, 2011 12:00am
Soyabean export premiums higher at US Gulf Coast

Soyabean export premiums higher at US Gulf Coast

Soyabean export premiums at the US Gulf Coast edged higher on Friday after sales to China, which this week booked its largest US soya purchases in at least a month, traders said. Chinese importers may have booked three fresh cargoes of US soyabeans on Fri
Published 20 Nov, 2011 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 51,414 tonnes, comprising 50,115 tonnes of import cargo and 1,299 tonnes of export cargo was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 50,115 tonnes includes 29,056 tonnes of furnace oil; 14 tonnes
Published 20 Nov, 2011 12:00am
Colombia's 2011 coffee output to miss target

Colombia's 2011 coffee output to miss target

Colombia's coffee growers federation said on Friday that bean production would be 8 million 60-kg bags this year, worse than earlier predictions about the impact of heavy rains on output. This is the third consecutive year that coffee production in the wo
Published 20 Nov, 2011 12:00am
China buys more US soyabeans to boost reserves

China buys more US soyabeans to boost reserves

China has bought another 500,000 tonnes to 600,000 tonnes of soyabeans to fill its state reserves and take advantage of low global prices, traders said on Thursday. China aims to import a total of 2 million tonnes of soyabeans in the 2011/2012 year, and t
Published 20 Nov, 2011 12:00am
Ukraine exports one million tonnes of maize

Ukraine exports one million tonnes of maize

Ukraine, which plans to harvest a record 20-22 million tonnes of maize this year, exported around 1.0 million tonnes of the commodity in the first half of November that is almost the same volume as in all of October, grain lobby said on Thursday. Ukrainia
Published 20 Nov, 2011 12:00am
Indonesia plans to be world's No 2 coffee producer within five years

Indonesia plans to be world's No 2 coffee producer within five years

Indonesia, now struggling with slumping coffee output due to hot and wet weather, has set an ambitious goal to be the world's No 2 producer within five years, an executive at an industry association said on Wednesday. Indonesia is the world's fourth-large
Published 20 Nov, 2011 12:00am
Dryness fears ease as rain soaks Brazil's coffee crop

Dryness fears ease as rain soaks Brazil's coffee crop

Concerns about overly-dry weather in the early stages of the development of Brazil's coffee crop have eased after good showers this week that look set to continue, a forecaster and agronomist said. Trees had begun shedding some delicate blossoms due to dr
Published 20 Nov, 2011 12:00am
US soya rises on weak dollar

US soya rises on weak dollar

US soyabeans edged higher on Friday, boosted by Chinese demand and a weaker dollar while US wheat also rose in a modest rebound from the prior session's four-month low. Corn was little changed as it continued to struggle with sluggish demand.
Published 20 Nov, 2011 12:00am
US corn sheds four percent on poor export demand

US corn sheds four percent on poor export demand

US corn fell to a five-week low on Friday, dropping over 4 percent for the week as export demand for corn waned and on jitters over the fate of the global economy as the euro zone debt crisis kept dominating financial headlines. Analysts said that althoug
Published 20 Nov, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Friday for the third straight session, pressured by early weakness in grain markets and technical selling, but canola ended with a weekly gain. Canola trading below most key moving averages. Total volume was thin at 15,
Published 20 Nov, 2011 12:00am
China expects corn prices to remain stable

China expects corn prices to remain stable

China expects domestic corn prices to remain mostly stable as both the government and state-owned grain companies start to stockpile corn following a bumper harvest, the State Grain Administration said on Friday. The administration did not give any detail
Published 20 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

Easier trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract thathad ended at Rs 1308.50 opened with a fall of Rs 1.30 to 1307.20. The January vaida which ended at Rs 1175.30 also co
Published 20 Nov, 2011 12:00am
Government asks Iranians to stop buying dollars

Government asks Iranians to stop buying dollars

The Iranian government has asked its citizens not to buy dollars, in an effort to stem a rush for hard currency that has sent the exchange rate plummeting in recent months. The official news agency IRNA quoted Economy Minister Shamseddin Hosseini on Satur
Published 20 Nov, 2011 12:00am
MF Global Australian arm shut down after no buyers

MF Global Australian arm shut down after no buyers

The Australian arm of collapsed US futures broker MF Global Holdings Ltd has been shut down by the administrator Deloitte after no buyers could be found, the Australian newspaper reported on Saturday Employees were told by the administrator on Friday that
Published 20 Nov, 2011 12:00am
Lockheed gets $7.4B Air Force deal to upgrade F-22

Lockheed gets $7.4B Air Force deal to upgrade F-22

The Pentagon says it has awarded defence contractor Lockheed Martin Corp a contract worth up to $7.4 billion to upgrade the systems in the Air Force's F-22 Raptor fighter jet. The contract calls for Lockheed to develop system upgrades, add new capabilitie
Published 20 Nov, 2011 12:00am
China says will 'strengthen' yuan's trading flexibility

China says will 'strengthen' yuan's trading flexibility

China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday.
Published 20 Nov, 2011 12:00am
Adidas to launch $1 shoe in India

Adidas to launch $1 shoe in India

Adidas, the German sportswear and equipment maker, is to launch a shoe costing one dollar a pair in India, boss Herbert Hainer said, despite the failure of a similar venture in Bangladesh. He told the Sunday newspaper Die Welt am Sonntag that unlike in Ba
Published 20 Nov, 2011 12:00am
EU, India to work 'full steam' on free trade pact

EU, India to work 'full steam' on free trade pact

The European Union and India will work "full steam ahead" in talks due to start next week on clinching an ambitious free trade pact ahead of a February deadline, the EU said Saturday. India has been in discussions with the EU, its biggest trading partner,
Published 20 Nov, 2011 12:00am
Regulators close two more small US banks

Regulators close two more small US banks

Regulators closed two banks in the US, one in Iowa and one in Louisiana on Friday, lifting the total number of closures this year to 90. The Federal Deposit Insurance Corp said Central Progressive Bank of Lacombe, Louisiana had been closed and its 17 bran
Published 20 Nov, 2011 12:00am
Asia needs further steps amid eurozone crisis: Japan Prime Minister

Asia needs further steps amid eurozone crisis: Japan Prime Minister

Japanese Prime Minister Yoshihiko Noda said on Saturday Asia needs to consider further steps to avoid a financial crisis as the eurozone's debt problems could spill into the region. While Asia has become more resilient due to its economic management since
Published 20 Nov, 2011 12:00am
US must rely more on building instead of buying: Obama

US must rely more on building instead of buying: Obama

President Barack Obama said on Saturday the United States has relied too much on buying, consuming and amassing debt in the past decade and must now work harder to restore its manufacturing might to spur exports and create jobs.
Published 20 Nov, 2011 12:00am
US debt panel deadlocked despite White House prodding

US debt panel deadlocked despite White House prodding

Despite prodding from the White House, a US congressional "supercommittee" remained deadlocked Saturday on forging a deal to cut $1.2 trillion from government deficits over 10 years. The 12-member panel has till Monday to make public at least a tentative
Published 20 Nov, 2011 12:00am
EU agrees two percent budget rise for 2012 to 129 billion euros

EU agrees two percent budget rise for 2012 to 129 billion euros

European Union negotiators agreed to a two percent rise in the bloc's budget for next year to 129 billion euros ($174 billion), following more than fifteen hours of talks which ended in the early hours of Saturday morning. The deal was seen as a victory f
Published 20 Nov, 2011 12:00am
London anti-capitalist protesters open 'bank of ideas'

London anti-capitalist protesters open 'bank of ideas'

Anti-capitalist activists formally opened their third London site Saturday, in a ceremony marking the transformation of a building owned by Swiss financial giant UBS into a "bank of ideas". Three-year-old Hali and grandmother Tina Rothery cut a red ribbon
Published 20 Nov, 2011 12:00am
UK minister lowers expectations for growth plan

UK minister lowers expectations for growth plan

Britain will not be unveiling instant fixes to boost its anaemic economy when it publishes a growth review later this month, a senior government minister said in remarks published on Saturday. "What I hope people are not expecting is that any politician c
Published 20 Nov, 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 (November 19, 2011).

Published 20 Nov, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee gained versus dollar, it, however, fell in terms of euro on the currency market on Saturday, dealers said. The rupee managed to resist fall in relation to dollar, recovering five paisa for buying at 86.95 and rose by 15 paisa for selling at 87.0
Published 20 Nov, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee gained versus dollar, it, however, fell in terms of euro on the currency market on Saturday, dealers said. The rupee managed to resist fall in relation to dollar, recovering five paisa for buying at 86.95 and rose by 15 paisa for selling at 87.0
Published 20 Nov, 2011 12:00am
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