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Archive - 2011-11-21
US deficit talks poised for failure
Top News

US deficit talks poised for failure

WASHINGTON: Lawmakers handpicked to make historic reductions to swollen US government deficits were poised Monday to adm
Published 21 Nov, 2011 08:20pm
Taliban commanders claim peace talks
Top News

Taliban commanders claim peace talks

PESHAWAR: Senior commanders in the Pakistani Taliban on Monday claimed to be holding initial peace talks with the govern
Published 21 Nov, 2011 06:45pm
Decision overdue on sugar exports: India
Top News

Decision overdue on sugar exports: India

NEW DELHI: India again postponed a decision on sugar exports, raising the chance that approval for up to 1 million tonne
Published 21 Nov, 2011 02:49pm
LSE slice down by 1.92 points
Markets

LSE slice down by 1.92 points

LAHORE: Lahore Stock Exchange shed by 1.92 points on Monday as LSE-25 index opened with 3118.73 and closed at 3116.81 po
Published 21 Nov, 2011 02:26pm
‘Haqqani ready to face inquiry’
Top News

‘Haqqani ready to face inquiry’

ISLAMABAD: Media Adviser to the President, Farah Naz Ispahani, who is also the wife of Pakistan’s Ambassador to the US,
Published 21 Nov, 2011 11:07am
Gayle to play in Zimbabwe
Cricket

Gayle to play in Zimbabwe

JOHANNESBURG: Former West Indies captain Chris Gayle, involved in a protracted dispute with his national board, will pla
Published 21 Nov, 2011 09:50am
Hong Kong sees inflation peaking in Q4
Top News

Hong Kong sees inflation peaking in Q4

HONG KONG: Hong Kong sees inflation peaking in the fourth quarter as food prices steady while the export outlook remains
Published 21 Nov, 2011 05:01am
Weak Thai GDP brings rate cut closer
Top News

Weak Thai GDP brings rate cut closer

BANGKOK: Thailand's economy grew by 0.5 percent in the third quarter from the second, much less than expected, and since
Published 21 Nov, 2011 04:50am
Aramco acknowledges oil revolution
Top News

Aramco acknowledges oil revolution

LONDON: In a landmark speech given in Riyadh on Monday, the head of Saudi Arabia's national oil company acknowledged tha
Published 21 Nov, 2011 04:45am
Déjà vu: BoP crisis 2008
BR Research

Déjà vu: BoP crisis 2008

In the shadows of talks between the countrys economic managers and the IMF; whispers of discontent with fiscal commandeering are getting lou
Published 21 Nov, 2011 12:00am
FDI: All eggs in one basket
BR Research

FDI: All eggs in one basket

Amongst the top six destinations for FDI in 2009-2011 set forth by UNCTAD in its World Investment Prospects Survey 2009-2011, China and Indi
Published 21 Nov, 2011 12:00am
Germany to commemorate neo-Nazi murder victims

Germany to commemorate neo-Nazi murder victims

Germany will hold a memorial service for the victims of a neo-Nazi murder spree, the president of the country's parliament said Sunday, as a minister vowed to compensate the families of those killed.
Published 21 Nov, 2011 12:00am
South Sudan rebel leader vows more war after talks fail

South Sudan rebel leader vows more war after talks fail

South Sudan rebel chief George Athor vowed Sunday to continue battling the government in Juba and demanded new elections to end his bloody war. "People must die so we can have peace and can have democracy," Athor told reporters in the Kenyan capital, his
Published 21 Nov, 2011 12:00am
Man shot dead in Chaman

Man shot dead in Chaman

Unknown armed men gunned down a man here at Killi Haji Rangeen area on Sunday. According to the Levies Force, the victim identified as Nada Muhammad, who was on his way home when unidentified gunmen assailants riding a motorbike opened fire at him. As a r
Published 21 Nov, 2011 12:00am
Universal Children's Day observed

Universal Children's Day observed

Universal Children Day observed across the globe including Pakistan on November 20 (Sunday) with a call for ensuring the rights of children. Various public and private organisations have arranged seminars, conferences, rallies, walks and interactive progr
Published 21 Nov, 2011 12:00am
Ukraine interested in expansion of PSM

Ukraine interested in expansion of PSM

Pakistani producers of rice, citrus, cotton, leather have good prospects of export to Ukraine, and bilateral trade volume could be increased manifold, Charge d' Affaires of Ukraine Embassy, Oleh Shevchenko tells Business Recorder Staff Reporter Was
Published 21 Nov, 2011 12:00am
Expert calls for reviewing education system

Expert calls for reviewing education system

Sindh Education Foundation (SEF) organised a capacity building and learning session with prominent playwright Fatima Suriya Bajia. A SEF statement, here on Sunday, said that in her talk, Bajia shared her powerful views on education, culture and society wi
Published 21 Nov, 2011 12:00am
Young man's body found

Young man's body found

A body of a young man with torture marks and bullet hole was found from bushes in the limits of Steel Town Police Station on Sunday, police said. An official Mumtaz Marwat at the police station said the deceased was identified as Nasarullah son of Umer Kh
Published 21 Nov, 2011 12:00am
JI greets newly elected SHCBA body

JI greets newly elected SHCBA body

Amir Jamaat-e-Islami Sindh, Asadullah Bhutto has congratulated newly elected president of Sindh High Court Bar Association, Anwer Mansoor Khan and other office bearers. In a statement, Asadullah Bhutto expressed the hope that the newly elected body of the
Published 21 Nov, 2011 12:00am
Standard Bank sees $1.2 billion corp bond issues in four months

Standard Bank sees $1.2 billion corp bond issues in four months

Standard Bank Group expects its clients to issue corporate bonds in excess of 10 billion rand ($1.2 billion) over the next four months and is in talks with four offshore companies interested in inward listings in South Africa.
Published 21 Nov, 2011 12:00am
Standard Bank sees $1.2 billion corp bond issues in four months

Standard Bank sees $1.2 billion corp bond issues in four months

Standard Bank Group expects its clients to issue corporate bonds in excess of 10 billion rand ($1.2 billion) over the next four months and is in talks with four offshore companies interested in inward listings in South Africa.
Published 21 Nov, 2011 12:00am
Sony, Toshiba and Hitachi sign joint venture deal

Sony, Toshiba and Hitachi sign joint venture deal

Sony, Toshiba and Hitachi on November 15 said they had signed a deal to merge their small and medium-sized liquid crystal display businesses for smartphones and tablet computers. The move will create a new company, Japan Display, by Spring 2012.
Published 21 Nov, 2011 12:00am
Thai floods could be costliest in decade: Allianz

Thai floods could be costliest in decade: Allianz

Insured losses arising from the Thai floods could be in double-digit billions, a senior official from global insurer Allianz said, in a disaster that will lead to a re-assessment of weather risks to industry in Asia and to global supply chains.
Published 21 Nov, 2011 12:00am
Morgan Stanley Asia sticks to equity products

Morgan Stanley Asia sticks to equity products

The co-heads of Morgan Stanley's Asia-Pacific business said the bank is focused on its "bread and butter" equity products, while its clients eye acquisition opportunities in Europe and investment targets in Indonesia.
Published 21 Nov, 2011 12:00am
Morgan Stanley Asia sticks to equity products

Morgan Stanley Asia sticks to equity products

The co-heads of Morgan Stanley's Asia-Pacific business said the bank is focused on its "bread and butter" equity products, while its clients eye acquisition opportunities in Europe and investment targets in Indonesia.
Published 21 Nov, 2011 12:00am
Wal-Mart Japan unit plans 20 more stores in 2012

Wal-Mart Japan unit plans 20 more stores in 2012

The Japanese arm of US retailer Wal-Mart Stores is planning to add 20 stores across a variety of formats next year, looking to take further advantage of its rising profits in the country, its top executive said.
Published 21 Nov, 2011 12:00am
Suzuki cuts ties with Volkswagen

Suzuki cuts ties with Volkswagen

Japan's Suzuki Motor said on November 18 it had ended its alliance with Volkswagen and demanded the German auto giant sell back its stake in the Japanese carmaker by November 2012. The company said it would seek arbitration if Volkswagen refused to sell t
Published 21 Nov, 2011 12:00am
EasyJet profit soars 86 percent

EasyJet profit soars 86 percent

British no-frills airline EasyJet said on November 15 that its annual net profit soared 86 percent and announced its first dividend payout, 11 years after launching on the stock market. EasyJet unveiled profits after tax of £225 million (263 million euros
Published 21 Nov, 2011 12:00am
EasyJet profit soars 86 percent

EasyJet profit soars 86 percent

British no-frills airline EasyJet said on November 15 that its annual net profit soared 86 percent and announced its first dividend payout, 11 years after launching on the stock market. EasyJet unveiled profits after tax of £225 million (263 million euros
Published 21 Nov, 2011 12:00am
Vivendi reports profit slump, issues warning after tax rise

Vivendi reports profit slump, issues warning after tax rise

French telecoms and entertainment group Vivendi reported a big profit fall on November 16 it was lowering its target for 2011 after France raised taxes to tackle its budget deficit. In a statement on its third-quarter results, Vivendi said it was targetin
Published 21 Nov, 2011 12:00am
North Korea sees big jump in mobile phone use

North Korea sees big jump in mobile phone use

Secretive North Korea has seen a sharp rise in mobile phone use, with more than 800,000 subscribers as of the end of September, according to the Egyptian company which provides the service. Orascom Telecom said the figure represents a 169 percent increase
Published 21 Nov, 2011 12:00am
Twitter opens window into user activities

Twitter opens window into user activities

Twitter on November 14 finished adding features that let users see who likes their posts and what the people they follow are doing at the popular microblogging network. "You can now see when someone favourites (likes) or retweets one of your Tweets," the
Published 21 Nov, 2011 12:00am
Samsung to release modified tablet in Germany

Samsung to release modified tablet in Germany

Samsung Electronics said on November 17 it had modified the design of its newest tablet PC to bypass a sales ban in Germany and would start selling it there as early as this week. The Galaxy Tab 10.1N, based on the Galaxy Tab 10.1, has a different metal f
Published 21 Nov, 2011 12:00am
US students crave Google jobs

US students crave Google jobs

Google tops the list when it comes to where US business students want to work after graduating, according to a survey released on November 14 by brand specialty firm Universum. The California-based Internet firm placed among the top 10 "ideal employers" f
Published 21 Nov, 2011 12:00am
Ballmer says 'Windows Era' everlasting

Ballmer says 'Windows Era' everlasting

Microsoft chief Steve Ballmer proclaimed an everlasting "Windows Era" as the software giant's board easily won re-election at an annual meeting of shareholders on November 15. Ballmer along with Microsoft co-founder Bill Gates, Netflix co-founder Reed Has
Published 21 Nov, 2011 12:00am
PayPal lets Facebook friends send cash

PayPal lets Facebook friends send cash

Online financial transactions powerhouse PayPal released an application on November 17 that lets friends send one another cash at leading social network Facebook. A "Send Money" application tailored for Facebook by PayPal lets members of the online commun
Published 21 Nov, 2011 12:00am
Facebook to help Congress expand online reach

Facebook to help Congress expand online reach

Leaders of the Republican and Democratic parties in the US Congress are reaching out to Facebook to help develop online tools to connect with their constituents. They announced plans on November 17 to host a "hackathon" next month featuring members of Con
Published 21 Nov, 2011 12:00am
HP unveils first 'ultrabook' laptop

HP unveils first 'ultrabook' laptop

Hewlett-Packard (HP) on November 16 unveiled a lightweight laptop computer to take on Apple's MacBook Air in the hot "Ultrabook" arena. The HP Folio will be priced at $900 when it hits the market on December 7, less than two months after the California-ba
Published 21 Nov, 2011 12:00am
Wolfram Alpha shows flights overhead

Wolfram Alpha shows flights overhead

Wolfram Alpha, the online search service launched two years ago, now lets inquiring minds in the United States find out what flights happen to be overhead at any given moment. Typing "flights overhead" into a Wolfram Alpha query box is rewarded with infor
Published 21 Nov, 2011 12:00am
Staggering surge in Android gadget viruses: Juniper

Staggering surge in Android gadget viruses: Juniper

The arsenal of malicious code aimed at Android-powered gadgets has grown exponentially, with criminals hiding viruses in applications people download to devices, according to Juniper Networks. The computer systems specialty firm's Global Threat Center fou
Published 21 Nov, 2011 12:00am
Android claims over half of world smartphone sales

Android claims over half of world smartphone sales

Phones running on Google's Android software now account for more than 50 percent of world smartphone sales, according to new figures released Tuesday by research firm Gartner. Android's third-quarter market share of 52.5 percent was more than double the f
Published 21 Nov, 2011 12:00am
New payment app aims at making shopping easier

New payment app aims at making shopping easier

Ready to ditch your wallet, cash and credit cards? A mobile payment app lets users make purchases with their smartphone without taking the device out of their pocket or purse. Developed by electronic payment start-up Square, the app called Card Case allow
Published 21 Nov, 2011 12:00am
'La Nina returns, but weaker impact seen'

'La Nina returns, but weaker impact seen'

The UN weather agency said on November 17 that La Nina, a phenomenon linked to flooding and drought, had re-emerged in the tropical Pacific since August but its impact is expected to be weaker this time. "This La Nina is expected to persist through the en
Published 21 Nov, 2011 12:00am
Healthy Pakistan Mission to promote hand washing concept

Healthy Pakistan Mission to promote hand washing concept

The World Health Organisation (WHO) states that every year 3.5 million children die of diarrhea and respiratory diseases and experts estimate that 80 percent of these diseases occur due to germs being passed through unclean hands.
Published 21 Nov, 2011 12:00am
Fruit fight Kiwi tops apple in BP study

Fruit fight Kiwi tops apple in BP study

An apple a day may keep the doctor away, but three kiwis could lower your blood pressure. A study at the American Heart Association scientific meeting in Orlando on November 15 found that eating the fuzzy-skinned fruit with the tart green flesh three time
Published 21 Nov, 2011 12:00am
Green tea shows small effect on cholesterol

Green tea shows small effect on cholesterol

Green tea, in a cup or a capsule, may shave off a few points of your "bad" cholesterol, a new research review suggests. Looking at 20 past clinical trials, researchers found that green tea trimmed 5 to 6 points more from people's total cholesterol and "ba
Published 21 Nov, 2011 12:00am
Smog pollutant may be tied to stroke risk

Smog pollutant may be tied to stroke risk

People who live in areas with high levels of traffic-related air pollution might have a slightly increased risk of dying from stroke, Danish researchers suggest in a new study.
Published 21 Nov, 2011 12:00am
Gulf boom is spoiling Environment

Gulf boom is spoiling Environment

Manmade islands, booming populations, overfishing and heavy use of fossil fuels have wreaked havoc in the Gulf environment and more should be done to prevent further damage, a Canadian study said on November 16.
Published 21 Nov, 2011 12:00am
Japan's CO2 emissions see first rise in three years

Japan's CO2 emissions see first rise in three years

Japan's emissions of carbon dioxide (CO2) due to energy generation rose 4.4 percent to 1.12 billion tonnes in the year to March, marking the first annual rise in three years, the government said on November 18.
Published 21 Nov, 2011 12:00am
Ireland to cut child benefit again in budget

Ireland to cut child benefit again in budget

Ireland is planning to cut child benefit by at least 10 euros a month in next month's budget for 2012, where it is required to make expenditure savings and tax hikes of 3.8 billion euros, the Sunday Independent and Sunday Times newspapers reported.
Published 21 Nov, 2011 12:00am
Novartis unit pays $150 million to end drug-price dispute

Novartis unit pays $150 million to end drug-price dispute

Novartis' Sandoz unit has agreed to pay $150 million Swiss francs to settle claims it charged the US and state governments inflated prices for drugs, a Swiss newspaper reported on Sunday. Under the deal Novartis will pay the US government $86.5 million an
Published 21 Nov, 2011 12:00am
Saudi oil minister sees balanced oil market

Saudi oil minister sees balanced oil market

The global oil market looks balanced, Saudi oil minister Ali al-Naimi indicated on Sunday, while the head of the International Energy Agency (IEA) said stubbornly high oil prices could harm economic growth. When asked how he sees the balance between globa
Published 21 Nov, 2011 12:00am
Outrage over pepper spraying of California protesters

Outrage over pepper spraying of California protesters

Two police officers have been put on administrative leave after a California university launched a probe into the "chilling" use of pepper spray on sitting protesters, reports said Sunday. In a video that has gone viral online, a University of California,
Published 21 Nov, 2011 12:00am
Insurer Resolution fails to buy Phoenix

Insurer Resolution fails to buy Phoenix

British insurance take-over specialist Resolution said it had held fruitless talks with Phoenix about buying the company, while a newspaper reported Phoenix could also get bids from reinsurer Swiss Re and buyout firm CVC. "Resolution confirms that whilst
Published 21 Nov, 2011 12:00am
Dubai's Shuaa plans more job cuts after third quarter loss

Dubai's Shuaa plans more job cuts after third quarter loss

Shuaa Capital, the Dubai-based investment bank struggling to boost revenues, plans "significant" job cuts as part of the second phase of the cost savings program it launched this year. Shuaa, which helped float ports operator DP World several years ago, p
Published 21 Nov, 2011 12:00am
OPEC's Badri says oil prices "reasonable"

OPEC's Badri says oil prices "reasonable"

Current oil prices are "reasonable" and the rapid rebound in Libyan crude output should see other OPEC members trim production, OPEC 's head said on Sunday, adding he expected the next meeting of the oil exporter group to be more amiable than the last one
Published 21 Nov, 2011 12:00am
Belgians furious at German tax bills for forced labourers

Belgians furious at German tax bills for forced labourers

Belgian Finance Minister Didier Reynders vowed Sunday to tackle the German authorities over "morally indefensible" tax demands Berlin has issued to Belgian survivors of Nazi forced labour programmes.
Published 21 Nov, 2011 12:00am
Hong Kong October air cargo falls 8.2 percent

Hong Kong October air cargo falls 8.2 percent

Hong Kong International Airport (HKIA), the world's busiest air cargo hub, posted on Sunday a seventh-straight monthly decrease in air cargo volume in October, tracking a global trend with trade declining in the United States and Europe.
Published 21 Nov, 2011 12:00am
TAPI gas pipeline

TAPI gas pipeline

Minister for Petroleum and Natural Resources Dr Asim Hussain has stated that he would visit India next month with the objective of negotiating the transfer fee for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.
Published 21 Nov, 2011 12:00am
The memo scandal

The memo scandal

The issue of the secret memo that Pakistani-American businessman Mansur Ijaz claimed to have delivered to the US' former Joint Chiefs of Staff Chairman, Admiral Mike Mullen, on behalf of Ambassador Hussain Haqqani has taken a new turn with the scandal's c
Published 21 Nov, 2011 12:00am
Pakistan in a trade group

Pakistan in a trade group

The European Union (EU) was long regarded as the most successful trade grouping in the world as it epitomised all that was considered a win-win situation for all the member countries: a single currency coupled with the free movement of people with tariff-
Published 21 Nov, 2011 12:00am
Caravan in motion: Indo-Pak trade - III

Caravan in motion: Indo-Pak trade - III

A major deterrent in global trade has been the imposition of non-tariff trade barriers apparently to protect domestic industry, especially the low end product. Apart from industrial products or raw material, the NTBs are also biased in favour of the count
Published 21 Nov, 2011 12:00am
Schadenfreude

Schadenfreude

The hot news item this week is that Hussain Haqqani has been called to Islamabad for a 'briefing', which, according to news reports, means that he's been sacked. Of course, we should remember that this is not the first time the media has reported that Hus
Published 21 Nov, 2011 12:00am
No compromise on justice: CJ LHC

No compromise on justice: CJ LHC

Chief Justice Lahore High Court Sheikh Azmat Saeed has said that injustice is worst than "Kufr". He said that no compromise should be made on justice and every effort would be made for removing hurdles and difficulties in the way of provision of justice.
Published 21 Nov, 2011 12:00am
Elections of FPCCI: Businessmen Panel expresses gratitude

Elections of FPCCI: Businessmen Panel expresses gratitude

Businessmen Panel Group Chairman, Tariq Sayeed and Co-chairman, Iftikhar Ali Malik have expressed gratitude to traders and industrialists for reposing confidence on them in the upcoming elections of FPCCI for the year 2012. They appreciated the trade bodi
Published 21 Nov, 2011 12:00am
Corruption rampant in Lahore General Hospital

Corruption rampant in Lahore General Hospital

Corruption in the Lahore General Hospital is rampant and causing financial loss following re-entering into new agreement, keeping aside the original one, for providing maintenance of the MRI machine installed in the hospital for the post-warranty period o
Published 21 Nov, 2011 12:00am
Three Nato oil tankers torched in Dasht

Three Nato oil tankers torched in Dasht

Unknown armed men set ablaze three Nato oil tankers on National Highway near Dasht area on Sunday. According to the local Levies, Afghanistan-bound three oil tankers carrying fuels for Nato forces from Karachi were on way when unidentified gunmen on motor
Published 21 Nov, 2011 12:00am
'Young doctors must focus on modern research'

'Young doctors must focus on modern research'

Social development and prosperity have also brought new diseases with them, which can only be managed if young doctors focus on modern research by keeping their knowledge up-to-date. Senior doctors and professors should share their experiences to new gene
Published 21 Nov, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 14 - November 18 2011)

Published 21 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (November 20, 2011) and the forecast for Monday (November 21, 2011).

Published 21 Nov, 2011 12:00am
THE RUPEE: rates slip versus dollar

THE RUPEE: rates slip versus dollar

The rupee crossed the low level versus dollar at 87 during the week ended on November 19, 2011, due to forward buying of the US currency. In the interbank dealings, the rupee lost 44 paisa against dollar for buying at 87.04 and 43 paisa for selling at 87.
Published 21 Nov, 2011 12:00am
THE RUPEE: rates slip versus dollar

THE RUPEE: rates slip versus dollar

The rupee crossed the low level versus dollar at 87 during the week ended on November 19, 2011, due to forward buying of the US currency. In the interbank dealings, the rupee lost 44 paisa against dollar for buying at 87.04 and 43 paisa for selling at 87.
Published 21 Nov, 2011 12:00am
Army, police charge Egypt protesters

Army, police charge Egypt protesters

Police backed by the army used batons and teargas on Sunday to charge protesters in Cairo's Tahrir Square demanding Eygpt's ruling generals swiftly hand power to civilians, in some of the worst violence since the overthrow of Hosni Mubarak.
Published 21 Nov, 2011 12:00am
Army, police charge Egypt protesters

Army, police charge Egypt protesters

Police backed by the army used batons and teargas on Sunday to charge protesters in Cairo's Tahrir Square demanding Eygpt's ruling generals swiftly hand power to civilians, in some of the worst violence since the overthrow of Hosni Mubarak.
Published 21 Nov, 2011 12:00am
Arab League rebuffs Syria on monitors

Arab League rebuffs Syria on monitors

The Arab League said on Sunday it had rebuffed a request by Damascus to amend plans for a 500-strong monitoring mission to Syria, after President Bashar al-Assad vowed to continue his crackdown and said he would not surrender to outside pressure.
Published 21 Nov, 2011 12:00am
Arab League rebuffs Syria on monitors

Arab League rebuffs Syria on monitors

The Arab League said on Sunday it had rebuffed a request by Damascus to amend plans for a 500-strong monitoring mission to Syria, after President Bashar al-Assad vowed to continue his crackdown and said he would not surrender to outside pressure.
Published 21 Nov, 2011 12:00am
Iran may use oil as political tool

Iran may use oil as political tool

Iran could use oil as a political tool in the event of any future conflict over its nuclear programme, Iran's energy minister told Al Jazeera television. Tension over Iran's nuclear programme has increased since the International Atomic Energy Agency (IAE
Published 21 Nov, 2011 12:00am
Iran may use oil as political tool

Iran may use oil as political tool

Iran could use oil as a political tool in the event of any future conflict over its nuclear programme, Iran's energy minister told Al Jazeera television. Tension over Iran's nuclear programme has increased since the International Atomic Energy Agency (IAE
Published 21 Nov, 2011 12:00am
Z A Bhutto nationalised our assets: Nawaz

Z A Bhutto nationalised our assets: Nawaz

PML-N chief Nawaz Sharif said here on Sunday that his father had developed assets through hard work and his Ittefaq Foundry was the biggest industry of the country in 1972, but the then prime minister, Zulfiqar Ali Bhutto, nationalised it. He said: "They
Published 21 Nov, 2011 12:00am
Z A Bhutto nationalised our assets: Nawaz

Z A Bhutto nationalised our assets: Nawaz

PML-N chief Nawaz Sharif said here on Sunday that his father had developed assets through hard work and his Ittefaq Foundry was the biggest industry of the country in 1972, but the then prime minister, Zulfiqar Ali Bhutto, nationalised it. He said: "They
Published 21 Nov, 2011 12:00am
No possibility of martial law: Mukhtar

No possibility of martial law: Mukhtar

Defence Minister Chaudhry Ahmad Mukhtar said that Prime Minister Syed Yousuf Raza Gilani would take a decision on the memo issue, if anyone including Hussain Haqqani, Pakistan Ambassador to the United States, is found involved in the case. Addressing a pr
Published 21 Nov, 2011 12:00am
No possibility of martial law: Mukhtar

No possibility of martial law: Mukhtar

Defence Minister Chaudhry Ahmad Mukhtar said that Prime Minister Syed Yousuf Raza Gilani would take a decision on the memo issue, if anyone including Hussain Haqqani, Pakistan Ambassador to the United States, is found involved in the case. Addressing a pr
Published 21 Nov, 2011 12:00am
Haqqani meets Zardari to explain his position

Haqqani meets Zardari to explain his position

Pakistan's ambassador to Washington, Hussain Haqqani, arrived in Islamabad on Sunday morning to explain his position over the correspondence of alleged secret 'memo' seeking US help against Pakistan military.
Published 21 Nov, 2011 12:00am
Haqqani meets Zardari to explain his position

Haqqani meets Zardari to explain his position

Pakistan's ambassador to Washington, Hussain Haqqani, arrived in Islamabad on Sunday morning to explain his position over the correspondence of alleged secret 'memo' seeking US help against Pakistan military.
Published 21 Nov, 2011 12:00am
Goods imported from India: ECC allows release sans prior government nod

Goods imported from India: ECC allows release sans prior government nod

The Economic Co-ordination Committee (ECC) of the Cabinet has granted permission to release goods imported from India without prior permission of the government. According to official documents, import from India is restricted to items included in the pos
Published 21 Nov, 2011 12:00am
Goods imported from India: ECC allows release sans prior government nod

Goods imported from India: ECC allows release sans prior government nod

The Economic Co-ordination Committee (ECC) of the Cabinet has granted permission to release goods imported from India without prior permission of the government. According to official documents, import from India is restricted to items included in the pos
Published 21 Nov, 2011 12:00am
Goods imported from India: ECC allows release sans prior government nod

Goods imported from India: ECC allows release sans prior government nod

The Economic Co-ordination Committee (ECC) of the Cabinet has granted permission to release goods imported from India without prior permission of the government. According to official documents, import from India is restricted to items included in the pos
Published 21 Nov, 2011 12:00am
Index loses 101 points

Index loses 101 points

The Karachi share market witnessed bearish trend during the week ended on November 19, 2011 due to selling by both local and foreign investors due to concerns over prevailing political situation in the country. The KSE-100 index declined by 101.12 points
Published 21 Nov, 2011 12:00am
Index loses 101 points

Index loses 101 points

The Karachi share market witnessed bearish trend during the week ended on November 19, 2011 due to selling by both local and foreign investors due to concerns over prevailing political situation in the country. The KSE-100 index declined by 101.12 points
Published 21 Nov, 2011 12:00am
Index loses 101 points

Index loses 101 points

The Karachi share market witnessed bearish trend during the week ended on November 19, 2011 due to selling by both local and foreign investors due to concerns over prevailing political situation in the country. The KSE-100 index declined by 101.12 points
Published 21 Nov, 2011 12:00am
Futures open interest down 8.8 percent

Futures open interest down 8.8 percent

Total open interest position at the futures counter declined by Rs 117 million, or 8.8 percent, to Rs 1.21 billion, during the week ended on-November 19, 2011. The futures spread also went down by 145bps on week-on-week basis to 6.8 percent. Trading at th
Published 21 Nov, 2011 12:00am
Futures open interest down 8.8 percent

Futures open interest down 8.8 percent

Total open interest position at the futures counter declined by Rs 117 million, or 8.8 percent, to Rs 1.21 billion, during the week ended on-November 19, 2011. The futures spread also went down by 145bps on week-on-week basis to 6.8 percent. Trading at th
Published 21 Nov, 2011 12:00am
Futures open interest down 8.8 percent

Futures open interest down 8.8 percent

Total open interest position at the futures counter declined by Rs 117 million, or 8.8 percent, to Rs 1.21 billion, during the week ended on-November 19, 2011. The futures spread also went down by 145bps on week-on-week basis to 6.8 percent. Trading at th
Published 21 Nov, 2011 12:00am
Futures open interest down 8.8 percent

Futures open interest down 8.8 percent

Total open interest position at the futures counter declined by Rs 117 million, or 8.8 percent, to Rs 1.21 billion, during the week ended on-November 19, 2011. The futures spread also went down by 145bps on week-on-week basis to 6.8 percent. Trading at th
Published 21 Nov, 2011 12:00am
Income tax returns filing: FBR to use 'Mahassal' system

Income tax returns filing: FBR to use 'Mahassal' system

The Federal Board of Revenue (FBR) would use "Mahassal", an advance version of Tax Management System (TMS), as an enforcement tool during current fiscal year 2011-12 to ensure filing of income tax returns and statements by thousands of registered persons,
Published 21 Nov, 2011 12:00am
Income tax returns filing: FBR to use 'Mahassal' system

Income tax returns filing: FBR to use 'Mahassal' system

The Federal Board of Revenue (FBR) would use "Mahassal", an advance version of Tax Management System (TMS), as an enforcement tool during current fiscal year 2011-12 to ensure filing of income tax returns and statements by thousands of registered persons,
Published 21 Nov, 2011 12:00am
Income tax returns filing: FBR to use ''Mahassal'' system

Income tax returns filing: FBR to use ''Mahassal'' system

The Federal Board of Revenue (FBR) would use "Mahassal", an advance version of Tax Management System (TMS), as an enforcement tool during current fiscal year 2011-12 to ensure filing of income tax returns and statements by thousands of registered persons,
Published 21 Nov, 2011 12:00am
Fire kills at least 14 eunuchs at Delhi festival

Fire kills at least 14 eunuchs at Delhi festival

At least 14 eunuchs died and 40 others were injured when a major fire swept through a community hall in east Delhi on Sunday, the Press Trust of India and local media reported. The blaze happened around 7:00 pm (1430 GMT) as more than 100 members of the t
Published 21 Nov, 2011 12:00am
Last head of Mubarak's ruling party dies

Last head of Mubarak's ruling party dies

Talaat al-Sadat, the last head of Egypt's now disbanded former ruling party, died of a heart attack at the age of 64 in Cairo on Sunday, state television reported. Al-Sadat, a nephew of late president Anwar al-Sadat, took over the leadership of the Nation
Published 21 Nov, 2011 12:00am
Australian ministers back uranium sales to India

Australian ministers back uranium sales to India

Australian Defence Minister Stephen Smith said Sunday there was high-level support for ending Canberra's ban on selling uranium to India, describing the move as "strategically important". Prime Minister Julia Gillard moved to lift the ban last week in a b
Published 21 Nov, 2011 12:00am
Development of infrastructure in ECO region emphasised

Development of infrastructure in ECO region emphasised

Transportation Committee Meeting of ECO Chamber of Commerce and Industry (ECO CCI) held here on Sunday emphasised the development and upgradation of physical infrastructure for transportation of cargo and communication among ECO member countries.
Published 21 Nov, 2011 12:00am
Centre-right wins Spain election

Centre-right wins Spain election

The opposition People's Party won a crushing victory in Sunday's Spanish election, a TV exit poll said, as voters vented their rage on the ruling Socialists for the worst economic crisis in generations. The poll by public broadcaster RTVE predicted the ce
Published 21 Nov, 2011 12:00am
Centre-right wins Spain election

Centre-right wins Spain election

The opposition People's Party won a crushing victory in Sunday's Spanish election, a TV exit poll said, as voters vented their rage on the ruling Socialists for the worst economic crisis in generations. The poll by public broadcaster RTVE predicted the ce
Published 21 Nov, 2011 12:00am
11 injured in Karachi cinema blast

11 injured in Karachi cinema blast

At least 11 persons were injured in a minor blast inside a cinema hall in Juna Market area here on Sunday. SHO Kharadar Police Station, Ali Ahmed said that it seemed it was a minor blast of cracker, which occurred beneath the seats of a cinema hall causin
Published 21 Nov, 2011 12:00am
11 injured in Karachi cinema blast

11 injured in Karachi cinema blast

At least 11 persons were injured in a minor blast inside a cinema hall in Juna Market area here on Sunday. SHO Kharadar Police Station, Ali Ahmed said that it seemed it was a minor blast of cracker, which occurred beneath the seats of a cinema hall causin
Published 21 Nov, 2011 12:00am
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