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Archive - 2011-11-28
Italy hasn't asked for IMF aid: Lagarde
Top News

Italy hasn't asked for IMF aid: Lagarde

LIMA: International Monetary Fund chief Christine Lagarde said Monday that Italy has not asked for any aid from the Fund
Published 28 Nov, 2011 08:01pm
EU, US call on Syria to end violence
Top News

EU, US call on Syria to end violence

WASHINGTON: The United States and the European Union on Monday called on the Syrian government "to end violence immedi
Published 28 Nov, 2011 07:21pm
Posen more worried about stagnation
Top News

Posen more worried about stagnation

NEW YORK: Bank of England policymaker Adam Posen said on Monday he is more worried about economic stagnation than inflat
Published 28 Nov, 2011 04:50pm
Pak officials held meeting in Iran
Top News

Pak officials held meeting in Iran

KHARAN: Pakistani officials held a meeting with Iranian officials in Sarawan city of Iran. Official sources in the dist
Published 28 Nov, 2011 02:38pm
Children's Literature Festival
Arts

Children's Literature Festival

KARACHI: The first of its kind Children's Literature Festival (CLF) proved to be a big success. This was stated by an of
Published 28 Nov, 2011 02:11pm
Nisar quits as PAC Chairman
Top News

Nisar quits as PAC Chairman

RECORDER REPORT ISLAMABAD: Opposition Leader in National Assembly Chaudhry Nisar Ali Khan on Sunday announced to quit
Published 28 Nov, 2011 08:00am
23 suspects held by Rangers
Top News

23 suspects held by Rangers

KARACHI: At least 23 suspects have been arrested by the Sindh Rangers in crackdown on criminals in Karachi during the la
Published 28 Nov, 2011 06:10am
Wassan orders ban on display of arms
Top News

Wassan orders ban on display of arms

KARACHI: Sindh Home Minister Manzoor Hussain Wassan has under section 144 Cr.PC ordered complete ban on display of arms
Published 28 Nov, 2011 06:09am
IMF denies aid talks with Italy
Top News

IMF denies aid talks with Italy

WASHINGTON: The International Monetary Fund denied Monday it was holding talks with Italy about a financial aid package
Published 28 Nov, 2011 05:45am
Spot gold may end rebound at $1,716/oz
Top News

Spot gold may end rebound at $1,716/oz

SINGAPORE: Spot gold is expected to end the current rebound from $1,671.69 around a resistance at $1,716 per ounce, as i
Published 28 Nov, 2011 05:37am
Munter launches diplomatic efforts
Top News

Munter launches diplomatic efforts

RECORDER REPORT ISLAMABAD: US ambassador to Pakistan Cameron Munter has launched diplomatic efforts to defuse tension
Published 28 Nov, 2011 05:30am
Grounding hurts Qantas profit
Industry

Grounding hurts Qantas profit

SYDNEY: Qantas said Monday the dispute that triggered a shock grounding of its fleet cost Aus$194 million (US$190 millio
Published 28 Nov, 2011 04:16am
MPS - hawks taking back seats
BR Research

MPS - hawks taking back seats

"The central bank is keeping real interest rates at zero," Governor State Bank of Pakistan told BR Research one month ago, explaining the ra
Published 28 Nov, 2011 12:00am
Raising the wheat support price
BR Research

Raising the wheat support price

Better late than never! The federal government finally decided to raise the support price for wheat by Rs.100 per maund for the crop marketi
Published 28 Nov, 2011 12:00am
Forced migration
BR Research

Forced migration

A fleeting glance at the number of fatalities in Balochistan instantly tells about the severity of instability and uprising in the province.
Published 28 Nov, 2011 12:00am
Qureshi formally joins PTI

Qureshi formally joins PTI

Former foreign minister Shah Mehmood Qureshi on Sunday announced to join Pakistan Tehreek-e-Insaf during a mammoth public meeting here. "I am now member of Imran Khan's team," Qureshi announced when Imran Khan during his speech invited him to join his par
Published 28 Nov, 2011 12:00am
Qureshi formally joins PTI

Qureshi formally joins PTI

Former foreign minister Shah Mehmood Qureshi on Sunday announced to join Pakistan Tehreek-e-Insaf during a mammoth public meeting here. "I am now member of Imran Khan's team," Qureshi announced when Imran Khan during his speech invited him to join his par
Published 28 Nov, 2011 12:00am
THE RUPEE: dollar at Rs 88

THE RUPEE: dollar at Rs 88

Easy trend was seen on currency market during the week ended on November 26, 2011 as the rupee came under pressure after dollar crossed the Rs 88 level due to higher forward buying the US currency. In interbank dealings, the rupee fell sharply against dol
Published 28 Nov, 2011 12:00am
THE RUPEE: dollar at Rs 88

THE RUPEE: dollar at Rs 88

Easy trend was seen on currency market during the week ended on November 26, 2011 as the rupee came under pressure after dollar crossed the Rs 88 level due to higher forward buying the US currency. In interbank dealings, the rupee fell sharply against dol
Published 28 Nov, 2011 12:00am
Arabs impose sanctions on Syria

Arabs impose sanctions on Syria

Arab states voted on Sunday to impose economic sanctions on Syria immediately following President Bashar al-Assad's failure to halt a crackdown on an eight-month uprising against his rule. Qatar said that if Arab nations failed to resolve the crisis, othe
Published 28 Nov, 2011 12:00am
Arabs impose sanctions on Syria

Arabs impose sanctions on Syria

Arab states voted on Sunday to impose economic sanctions on Syria immediately following President Bashar al-Assad's failure to halt a crackdown on an eight-month uprising against his rule. Qatar said that if Arab nations failed to resolve the crisis, othe
Published 28 Nov, 2011 12:00am
Sectarian violence claims two lives: dozens of vehicles torched

Sectarian violence claims two lives: dozens of vehicles torched

A fresh spree of sectarian violence prevailed in the city with the start of new Islamic year, leaving two persons killed and 11 wounded while over two dozen vehicles were torched at Numaish Chowrangi in the limits of Soldier Bazaar police station.
Published 28 Nov, 2011 12:00am
Sectarian violence claims two lives: dozens of vehicles torched

Sectarian violence claims two lives: dozens of vehicles torched

A fresh spree of sectarian violence prevailed in the city with the start of new Islamic year, leaving two persons killed and 11 wounded while over two dozen vehicles were torched at Numaish Chowrangi in the limits of Soldier Bazaar police station.
Published 28 Nov, 2011 12:00am
Pakistan tells US of 'rage': Hina calls Clinton

Pakistan tells US of 'rage': Hina calls Clinton

Foreign Minister Hina Rabbani Khar on Sunday conveyed to her US counterpart Hillary Clinton and British Foreign Secretary William Hague the 'deep sense of rage' felt across Pakistan over the unprovoked attack by Nato/Isaf that caused loss of 24 soldiers i
Published 28 Nov, 2011 12:00am
Pakistan tells US of 'rage': Hina calls Clinton

Pakistan tells US of 'rage': Hina calls Clinton

Foreign Minister Hina Rabbani Khar on Sunday conveyed to her US counterpart Hillary Clinton and British Foreign Secretary William Hague the 'deep sense of rage' felt across Pakistan over the unprovoked attack by Nato/Isaf that caused loss of 24 soldiers i
Published 28 Nov, 2011 12:00am
Separate US probe planned

Separate US probe planned

A defence official tells The Associated Press that US Central Command will conduct its own investigation into Nato's involvement in airstrikes along the Afghan border that killed 24 Pakistani troops. General James Mattis, who heads the command, is expecte
Published 28 Nov, 2011 12:00am
Separate US probe planned

Separate US probe planned

A defence official tells The Associated Press that US Central Command will conduct its own investigation into Nato's involvement in airstrikes along the Afghan border that killed 24 Pakistani troops. General James Mattis, who heads the command, is expecte
Published 28 Nov, 2011 12:00am
Troop deaths 'tragic, unintended': Nato chief

Troop deaths 'tragic, unintended': Nato chief

Nato chief Anders Fogh Rasmussen said Sunday he had conveyed regret to premier Yousuf Raza Gilani for the "tragic, unintended" deaths of 24 Pakistani soldiers in an airstrike.
Published 28 Nov, 2011 12:00am
Troop deaths 'tragic, unintended': Nato chief

Troop deaths 'tragic, unintended': Nato chief

Nato chief Anders Fogh Rasmussen said Sunday he had conveyed regret to premier Yousuf Raza Gilani for the "tragic, unintended" deaths of 24 Pakistani soldiers in an airstrike.
Published 28 Nov, 2011 12:00am
Turkey, Germany express solidarity

Turkey, Germany express solidarity

Turkish Foreign Minister Ahmet Davutoglu called Foreign Minister Hina Rabbani Khar on Saturday night to express solidarity with the people and government of Pakistan on Nato/Isaf attacks in Mohmand Agency.
Published 28 Nov, 2011 12:00am
Turkey, Germany express solidarity

Turkey, Germany express solidarity

Turkish Foreign Minister Ahmet Davutoglu called Foreign Minister Hina Rabbani Khar on Saturday night to express solidarity with the people and government of Pakistan on Nato/Isaf attacks in Mohmand Agency.
Published 28 Nov, 2011 12:00am
Nisar quits as PAC Chairman

Nisar quits as PAC Chairman

Opposition Leader in National Assembly Chaudhry Nisar Ali Khan on Sunday announced to quit as chairman Public Accounts Committee (APC) against, what he said, the PPP-led government's bid to turn the panel into a battle ground when it is all set to take up
Published 28 Nov, 2011 12:00am
Nisar quits as PAC Chairman

Nisar quits as PAC Chairman

Opposition Leader in National Assembly Chaudhry Nisar Ali Khan on Sunday announced to quit as chairman Public Accounts Committee (APC) against, what he said, the PPP-led government's bid to turn the panel into a battle ground when it is all set to take up
Published 28 Nov, 2011 12:00am
IP gas pipeline most feasible option: ECC informed

IP gas pipeline most feasible option: ECC informed

The government considers IP gas pipeline as the most feasible option, compared to others, for meeting the growing energy requirements of the country, sources told Business Recorder. They said that the Economic Coordination Committee (ECC) of the Cabinet w
Published 28 Nov, 2011 12:00am
IP gas pipeline most feasible option: ECC informed

IP gas pipeline most feasible option: ECC informed

The government considers IP gas pipeline as the most feasible option, compared to others, for meeting the growing energy requirements of the country, sources told Business Recorder. They said that the Economic Coordination Committee (ECC) of the Cabinet w
Published 28 Nov, 2011 12:00am
IP gas pipeline most feasible option: ECC informed

IP gas pipeline most feasible option: ECC informed

The government considers IP gas pipeline as the most feasible option, compared to others, for meeting the growing energy requirements of the country, sources told Business Recorder. They said that the Economic Coordination Committee (ECC) of the Cabinet w
Published 28 Nov, 2011 12:00am
Arab unrest: perspectives - XLVII

Arab unrest: perspectives - XLVII

A peep into history through Wikipedia and other sources, including the works of historians Michael Burleigh and Benny Morris, gives one some interesting and amazing facts to analyze the current situation in Egypt from a different perspective:
Published 28 Nov, 2011 12:00am
Arab unrest: perspectives - XLVII

Arab unrest: perspectives - XLVII

A peep into history through Wikipedia and other sources, including the works of historians Michael Burleigh and Benny Morris, gives one some interesting and amazing facts to analyze the current situation in Egypt from a different perspective:
Published 28 Nov, 2011 12:00am
Ginners ask SBP to reschedule loans

Ginners ask SBP to reschedule loans

The Pakistan Cotton Ginners' Association (PCGA) has written a letter to the Governor of State Bank of Pakistan (SBP), Yaseen Anwer, to reschedule its members' loans for making payments to the cotton growers up to coming December, and to waive the mark-up.
Published 28 Nov, 2011 12:00am
Ginners ask SBP to reschedule loans

Ginners ask SBP to reschedule loans

The Pakistan Cotton Ginners' Association (PCGA) has written a letter to the Governor of State Bank of Pakistan (SBP), Yaseen Anwer, to reschedule its members' loans for making payments to the cotton growers up to coming December, and to waive the mark-up.
Published 28 Nov, 2011 12:00am
Ginners ask SBP to reschedule loans

Ginners ask SBP to reschedule loans

The Pakistan Cotton Ginners'' Association (PCGA) has written a letter to the Governor of State Bank of Pakistan (SBP), Yaseen Anwer, to reschedule its members'' loans for making payments to the cotton growers up to coming December, and to waive the mark-u
Published 28 Nov, 2011 12:00am
Bearish trend persists

Bearish trend persists

Bearish trend was witnessed at the share market throughout the week ended on November 25, 2011 and the KSE-100 index lost 289.67 points, or 2.4 percent, to close at 11,648.14 points. Trading also remained very low and the average daily volume at ready cou
Published 28 Nov, 2011 12:00am
Bearish trend persists

Bearish trend persists

Bearish trend was witnessed at the share market throughout the week ended on November 25, 2011 and the KSE-100 index lost 289.67 points, or 2.4 percent, to close at 11,648.14 points. Trading also remained very low and the average daily volume at ready cou
Published 28 Nov, 2011 12:00am
Bearish trend persists

Bearish trend persists

Bearish trend was witnessed at the share market throughout the week ended on November 25, 2011 and the KSE-100 index lost 289.67 points, or 2.4 percent, to close at 11,648.14 points. Trading also remained very low and the average daily volume at ready cou
Published 28 Nov, 2011 12:00am
Futures open interest up 459 percent

Futures open interest up 459 percent

Total open interest position at the futures counter during the week ending on Nov 26, 2011 increased by Rs 745 million, or 459 percent, to Rs 908 million. The futures spreads, on the other hand, surged by 479bps to 12.75 percent. Trading at the futures co
Published 28 Nov, 2011 12:00am
Futures open interest up 459 percent

Futures open interest up 459 percent

Total open interest position at the futures counter during the week ending on Nov 26, 2011 increased by Rs 745 million, or 459 percent, to Rs 908 million. The futures spreads, on the other hand, surged by 479bps to 12.75 percent. Trading at the futures co
Published 28 Nov, 2011 12:00am
Futures open interest up 459 percent

Futures open interest up 459 percent

Total open interest position at the futures counter during the week ending on Nov 26, 2011 increased by Rs 745 million, or 459 percent, to Rs 908 million. The futures spreads, on the other hand, surged by 479bps to 12.75 percent. Trading at the futures co
Published 28 Nov, 2011 12:00am
Futures open interest up 459 percent

Futures open interest up 459 percent

Total open interest position at the futures counter during the week ending on Nov 26, 2011 increased by Rs 745 million, or 459 percent, to Rs 908 million. The futures spreads, on the other hand, surged by 479bps to 12.75 percent. Trading at the futures co
Published 28 Nov, 2011 12:00am
Climate set to worsen food crises: Oxfam

Climate set to worsen food crises: Oxfam

Storms and drought that have unleashed dangerous surges in food prices could be a "grim foretaste" of what lies ahead when climate change bites more deeply, Oxfam said on Monday. In a report issued at the start of the UN climate talks here, the British ch
Published 28 Nov, 2011 12:00am
Climate set to worsen food crises: Oxfam

Climate set to worsen food crises: Oxfam

Storms and drought that have unleashed dangerous surges in food prices could be a "grim foretaste" of what lies ahead when climate change bites more deeply, Oxfam said on Monday. In a report issued at the start of the UN climate talks here, the British ch
Published 28 Nov, 2011 12:00am
Iran's parliament votes to reduce ties with Britain

Iran's parliament votes to reduce ties with Britain

Iran's parliament voted on Sunday to reduce diplomatic relations with Britain, with one lawmaker warning that Iranians angered by London's latest sanctions could storm the British embassy as they did to the US mission in 1979.
Published 28 Nov, 2011 12:00am
Iran's parliament votes to reduce ties with Britain

Iran's parliament votes to reduce ties with Britain

Iran's parliament voted on Sunday to reduce diplomatic relations with Britain, with one lawmaker warning that Iranians angered by London's latest sanctions could storm the British embassy as they did to the US mission in 1979.
Published 28 Nov, 2011 12:00am
Iraq signs final $17 billion Shell gas deal

Iraq signs final $17 billion Shell gas deal

Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas at southern oilfields, a project that should boost production of badly needed electricity. The 25-year deal, one of the largest Iraq has signed with
Published 28 Nov, 2011 12:00am
Iraq signs final $17 billion Shell gas deal

Iraq signs final $17 billion Shell gas deal

Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas at southern oilfields, a project that should boost production of badly needed electricity. The 25-year deal, one of the largest Iraq has signed with
Published 28 Nov, 2011 12:00am
Iraq signs final $17 billion Shell gas deal

Iraq signs final $17 billion Shell gas deal

Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas at southern oilfields, a project that should boost production of badly needed electricity. The 25-year deal, one of the largest Iraq has signed with
Published 28 Nov, 2011 12:00am
Lucky Cement to shift to environment-friendly 'tyre-derived fuel'

Lucky Cement to shift to environment-friendly 'tyre-derived fuel'

Lucky Cement, being the largest cement producer in Pakistan and one of the biggest exporters, has taken another lead by shifting from coal to 'tyre-derived fuel' (TDF), generated by burning shredded tyres. The Rs one billion TDF plant is being installed a
Published 28 Nov, 2011 12:00am
Lucky Cement to shift to environment-friendly 'tyre-derived fuel'

Lucky Cement to shift to environment-friendly 'tyre-derived fuel'

Lucky Cement, being the largest cement producer in Pakistan and one of the biggest exporters, has taken another lead by shifting from coal to 'tyre-derived fuel' (TDF), generated by burning shredded tyres. The Rs one billion TDF plant is being installed a
Published 28 Nov, 2011 12:00am
Lucky Cement to shift to environment-friendly ''tyre-derived fuel''

Lucky Cement to shift to environment-friendly ''tyre-derived fuel''

Lucky Cement, being the largest cement producer in Pakistan and one of the biggest exporters, has taken another lead by shifting from coal to ''tyre-derived fuel'' (TDF), generated by burning shredded tyres. The Rs one billion TDF plant is being installed
Published 28 Nov, 2011 12:00am
Putin warns West against meddling in Russia polls

Putin warns West against meddling in Russia polls

Vladimir Putin accepted his ruling party's nomination on Sunday to return to Russia's presidency, while accusing foreigners of funding his political opponents in a reminder of the anti-Western rhetoric that characterised his years in power.
Published 28 Nov, 2011 12:00am
Putin warns West against meddling in Russia polls

Putin warns West against meddling in Russia polls

Vladimir Putin accepted his ruling party's nomination on Sunday to return to Russia's presidency, while accusing foreigners of funding his political opponents in a reminder of the anti-Western rhetoric that characterised his years in power.
Published 28 Nov, 2011 12:00am
Two key senators call for tough line with Pakistan

Two key senators call for tough line with Pakistan

Senior lawmakers suggested Sunday that the US take a harder line with Pakistan, after Islamabad retaliated for Nato's deadly misfire by closing parts of its border with Afghanistan and demanding the US vacate a drone base. The comments by Sens. Jon Kyl, a
Published 28 Nov, 2011 12:00am
Two key senators call for tough line with Pakistan

Two key senators call for tough line with Pakistan

Senior lawmakers suggested Sunday that the US take a harder line with Pakistan, after Islamabad retaliated for Nato's deadly misfire by closing parts of its border with Afghanistan and demanding the US vacate a drone base. The comments by Sens. Jon Kyl, a
Published 28 Nov, 2011 12:00am
Setting up of emergency rescue units on highways stressed

Setting up of emergency rescue units on highways stressed

The setting up of emergency units and air-ambulance service could help lessen the number of casualties on highways in the country, said Chairman standing committee on communication for FPCCI Noman Saigol.
Published 28 Nov, 2011 12:00am
Condolence

Condolence

Punjab Chief Minister Shahbaz Sharif here on Sunday has expressed deep sense of sorrow and grief over the death of mother of Irfan Elahi, Secretary Food. In a condolence message, the Chief Minister prayed that may Allah Almighty rest the departed soul in
Published 28 Nov, 2011 12:00am
Pakistani Shalwar, Kurta much popular in India: PRGMEA

Pakistani Shalwar, Kurta much popular in India: PRGMEA

Chief Coordinator and former Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz Khokhar said that trade with India will accelerate the pace of exports and support in opening of new vistas of technical know how as we
Published 28 Nov, 2011 12:00am
Multan railway station: power supply remains suspended

Multan railway station: power supply remains suspended

The electricity supply to Multan Railway Station, Divisional Railway Hospital and Railways Employees Colony Sialkot remained suspended for the seventh consecutive days that badly disturbed official work, as the concerned PR officials failed to make any al
Published 28 Nov, 2011 12:00am
SBP urged to cut policy rate

SBP urged to cut policy rate

Multan Chamber of Commerce and Industry (MCCI) on Sunday urged the State Bank of Pakistan (SBP) to cut another 150 to 200 basis points in policy rate in the third monetary policy. The announcement by SBP on this effect is likely to be announced on Novembe
Published 28 Nov, 2011 12:00am
Construction of transmission lines: ADB asked to provide finance

Construction of transmission lines: ADB asked to provide finance

Pakistan has requested the Asian Development Bank (ADB) to provide finance for the construction of transmission lines from Jamshoro-Rahimyar Khan and link to Moro-Dadu, to cover the construction of grid station on 152 acres in Moro (Sindh) and the install
Published 28 Nov, 2011 12:00am
UN-WFP delegates call on Sindh chief secretary

UN-WFP delegates call on Sindh chief secretary

UN-WFP Consultant Robert Hooser and Karachi based Incharge, Marrit Fikky called on Sindh Chief Secretary, Raja Muhammad Abbas, and exchanged views about relief and rescue operation with regard to the affectees of the monsoon rains. A statement here on Sun
Published 28 Nov, 2011 12:00am
Nato attack: Prime Minister takes Altaf into confidence

Nato attack: Prime Minister takes Altaf into confidence

Prime Minister Syed Yousuf Raza Gilani on Sunday telephoned Chief of Muttahida Qaumi Movement and took him into confidence on the unfortunate incident of Mohmand Agency and decision of Defence Committee of the Cabinet. Altaf Hussain expressed complete sol
Published 28 Nov, 2011 12:00am
Munter launches diplomatic efforts

Munter launches diplomatic efforts

US ambassador to Pakistan Cameron Munter has launched diplomatic efforts to defuse tension between Pakistan and US in the wake of Nato/Isaf attack inside Pakistan killing 24 Pakistani soldiers. According to US Embassy's Facebook page, Ambassador Munter me
Published 28 Nov, 2011 12:00am
JuD, JI for avenging killings of Pakistani soldiers

JuD, JI for avenging killings of Pakistani soldiers

Religious organisations Jamaat-ul-Dawa (JuD) and Jamaat-e-Islami (JI) on Sunday demanded immediate revenge of the Pakistani soldiers killed in a Nato attack on two Pakistan Army border checkpoints in Mohmand Agency early Saturday morning.
Published 28 Nov, 2011 12:00am
Turkish Extension Centre to be established in UAF

Turkish Extension Centre to be established in UAF

Turkish Extension Centre will be set up at the University of Agriculture, Faisalabad, with the financial assistance of The Turkish International Cooperation Agency (TICA) in order to increase meat and milk production keeping in view of grabbing the Halal
Published 28 Nov, 2011 12:00am
Call to introduce laws for end to violence against women

Call to introduce laws for end to violence against women

The speakers demanded the government to introduce laws for the elimination of violence against women, and to ensure implementation of the existing laws for the protection of women and repeal discriminatory laws and customary practices against women.
Published 28 Nov, 2011 12:00am
Protest lodged with Afghan government

Protest lodged with Afghan government

Pakistan on Sunday lodged protest with Afghan government for using its territory by Nato/Isaf helicopters and aircraft for the other day's attack which resulted in loss of lives of 24 soldiers and damage to property. "The protest underscores that the use
Published 28 Nov, 2011 12:00am
Ejaz Durrani castigates Qureshi

Ejaz Durrani castigates Qureshi

Ejaz Durrani, spokesman for Bilawal House Karachi on Sunday castigated former Foreign Minister Shah Mehmood Qureshi for criticising the leadership of PPP. In a statement issued here he said that people still remember Qureshi's association with dictator Zi
Published 28 Nov, 2011 12:00am
Chehlum of Nusrat Bhutto observed

Chehlum of Nusrat Bhutto observed

The Chehlum of 'Madar-i-Jamhoriat' late Begum Nusrat Bhutto was observed on Sunday. Qurani Khawani and "Fateha" was held at President House Naudero for 'Isal-i-Sawab' to Begum Nusrat Bhutto. An 'Ijtamai Dua' was also offered.
Published 28 Nov, 2011 12:00am
'Favouring MFN to India is treason with Kashmiri martyrs'

'Favouring MFN to India is treason with Kashmiri martyrs'

The President Azad & Jammu Kashmir, Sardar Yaqoob Khan, has insulted Kashmiris as he favoured the decision of granting Most Favored Nation (MFN) status to India. He is selling the blood of thousands of Kashmiri martyrs and opposes MFN to India in Kashmir
Published 28 Nov, 2011 12:00am
Iraqi ambassador meets Punjab chief minister

Iraqi ambassador meets Punjab chief minister

Iraqi Ambassador in Pakistan Dr Rushdi Mahmood Rasheed called on Punjab Chief Minister Shahbaz Sharif here on Sunday and discussed with him bilateral relations, matters of mutual interest and cooperation in various sectors. Member National Assembly Sardar
Published 28 Nov, 2011 12:00am
Lack of oversight denting public trust in police

Lack of oversight denting public trust in police

A Free and Fair Election Network (FAFEN) report on Sunday said monitoring of 129 police stations from July to September 2011 this year across Pakistan showed misuse of authority and cases of graft denting public trust in police.
Published 28 Nov, 2011 12:00am
Anger grows over Nato attack on border post

Anger grows over Nato attack on border post

Anti-US sentiments were running high in Pakistan on Sunday as the country buried 24 of its soldiers killed in a Nato airstrike a day earlier. The two Nato supply routes in the south-western province of Balochistan and the north-western tribal district of
Published 28 Nov, 2011 12:00am
ISPR's documentary wins Eserciti-e-Popoli award

ISPR's documentary wins Eserciti-e-Popoli award

Inter Services Public Relations (ISPR) documentary has won the first prize in the recently held International Film Festival "Eserciti-e-Popoli" (Army and People) held at Bracciano, Rome (Italy). The festival saw the participation of Nato and 24 countries
Published 28 Nov, 2011 12:00am
Anti Nato demonstrations held in Multan

Anti Nato demonstrations held in Multan

Two anti-Nato demonstrations were staged in Multan by the member of civil societies, Muslim League-N, and traders to condemn the Nato/Isaf attack on security forces check post. More than 300 demonstrators burnt the US flags and they termed the air strike
Published 28 Nov, 2011 12:00am
Chinese ambassador calls on General Shameem

Chinese ambassador calls on General Shameem

Liu Jian, the ambassador of People's Republic of China, on Sunday called on General Khalid Shameem Wynne, Chairman Joint Chiefs of Staff Committee. Liu Jian remained with the Chairman for some time and discussed matters related to mutual interest and than
Published 28 Nov, 2011 12:00am
PEW lauds government for thwarting oil mafia designs

PEW lauds government for thwarting oil mafia designs

The Pakistan Economy Watch (PEW) on Sunday lauded government for not bowing to the pressure of the influential Gilgit-Baltistan oil mafia. The government known for bowing to pressure to different interest groups and market forces took a firm stand to conf
Published 28 Nov, 2011 12:00am
JI for stopping Nato supplies permanently

JI for stopping Nato supplies permanently

The Jamaat e Islami Secretary General, Liaqat Baloch, has called upon the government to withdraw all the facilities extended to the US and permanent stoppage of Nato supplies in view of the blatant attack over military check posts on Saturday resulting in
Published 28 Nov, 2011 12:00am
JD offers Ghaibana Namaz-e-Janaza of martyrs of army

JD offers Ghaibana Namaz-e-Janaza of martyrs of army

Jamat-ud-Dawa (JD) Pakistan offered Ghaibnana Namaz-e-Janaza for the martyrs of Pakistan Army who were brutally killed by American led Nato Forces the previous day. People from all walks of life including lawyers, students, traders and members of civil So
Published 28 Nov, 2011 12:00am
Second phase of Watan Cards distribution begins

Second phase of Watan Cards distribution begins

The provincial government has started giving second installment of compensation amount, in the shape of Watan Cards (WC), to flood affectees of Hazara division. Khyber Pakhtunkha Minister for Higher Education Qazi Mohammad Asad Khan started distribution o
Published 28 Nov, 2011 12:00am
ILEM Ireland to train PEF master trainers

ILEM Ireland to train PEF master trainers

Punjab Education Foundation (PEF) will arrange first aid training for its 11,00,000 students to prepare them for coping with any eventuality. Institute of Learning Emergency Medicine (ILEM) Ireland will train PEF master trainers who will then educate part
Published 28 Nov, 2011 12:00am
Quails rearing course held for female farmers

Quails rearing course held for female farmers

To provide training to female farmers on productive health and management of quails, the Khyber Pakhtunkhwa Agricultural University in collaboration with Sarhad Rural Support Program (SRSP) had organised two-day training course on quails farming for femal
Published 28 Nov, 2011 12:00am
Funeral prayer of 24 martyred soldiers offered

Funeral prayer of 24 martyred soldiers offered

The funeral prayers of the soldiers martyred on Saturday in Nato air strikes were offered with full military honours amid tight security arrangements here in Peshawar garrison on Sunday. Army helicopters were seen hovering around the Corps HQ during funer
Published 28 Nov, 2011 12:00am
Use of force on protesters condemned

Use of force on protesters condemned

Dukhtaran-e-Millat Chief, Aasiya Andrabi and other Hurriyet leaders have strongly condemned the arrest of youth and use of brute force against protesters and journalists by Indian police in occupied Srinagar.
Published 28 Nov, 2011 12:00am
Thai minister hit by no confidence motion over floods

Thai minister hit by no confidence motion over floods

Thailand's justice minister was forced Sunday to defend himself against a no confidence motion after the opposition alleged official flood relief work had been plagued by corruption and mismanagement. As director of the government's Flood Relief Operation
Published 28 Nov, 2011 12:00am
Iran builds three more submarines

Iran builds three more submarines

Iranian state TV says the country has added three more domestically-built submarines to its naval fleet. The Sunday report said the vessels were delivered to the Iranian navy in southern port of Bandar Abbas. It said the submarines were from the Ghadir cl
Published 28 Nov, 2011 12:00am
India-China talks called off over Dalai Lama speech plan

India-China talks called off over Dalai Lama speech plan

Border-dispute talks between Indian and Chinese diplomats, scheduled to take place on Monday in New Delhi, have been called off after Beijing objected to a planned speech by Tibetan spiritual leader Dalai Lama. An Indian Foreign Ministry official said Sun
Published 28 Nov, 2011 12:00am
US to spend over $6 billion in Iraq next year

US to spend over $6 billion in Iraq next year

The United States is to spend more than $6 billion in Iraq in 2012 even though its forces are to withdraw from the country by the end of this year, US ambassador James Jeffrey said on Sunday. US President Barack Obama announced on October 21 that the last
Published 28 Nov, 2011 12:00am
Palestinians to skip interim government: Hamas

Palestinians to skip interim government: Hamas

The Palestinians' rival leaders have quietly decided to keep their respective governments in the West Bank and Gaza in place until elections, a senior Hamas figure told The Associated Press. This proposal would remove a major obstacle to efforts to reconc
Published 28 Nov, 2011 12:00am
Libyan Berbers vent rage over cabinet exclusion

Libyan Berbers vent rage over cabinet exclusion

Several hundred Berbers marched into the courtyard of the Libyan prime minister's office on Sunday to express their anger at the country's new cabinet, which does not include anyone from their large ethnic group. The Amazigh, or Berber, people were stunne
Published 28 Nov, 2011 12:00am
Four killed in Iraq

Four killed in Iraq

Bomb and gun attacks killed four people and wounded nine others across Iraq on Sunday, security officials said. In the deadliest attack, gunmen shot dead an employee of the national security ministry and his wife in Qadissiyah in western Baghdad, an inter
Published 28 Nov, 2011 12:00am
Kuwait keeps activists detained, showdown looms

Kuwait keeps activists detained, showdown looms

Kuwait's public prosecutor on Sunday extended the detention of 24 opposition activists for three weeks for storming parliament, as the oil-rich state appeared headed for a major showdown.
Published 28 Nov, 2011 12:00am
23 civilians killed in Syria: rights group

23 civilians killed in Syria: rights group

Syrian forces killed at least 23 civilians on Sunday, seven of them in the flashpoint region of Homs that has been under siege for several weeks in an operation to crush dissent, a rights group said. The latest violence came as the Arab League voted to im
Published 28 Nov, 2011 12:00am
Protests against military rule cloud Egypt's election

Protests against military rule cloud Egypt's election

Protesters rallied again in Cairo on Sunday to try to evict Egypt's ruling generals, in a trial of strength that has muddied the run-up to Egypt's first vote since a popular revolt deposed former leader Hosni Mubarak. The parliamentary election that gets
Published 28 Nov, 2011 12:00am
Yemen opposition chief asked to form new government

Yemen opposition chief asked to form new government

Yemen opposition chief Mohammed Basindawa was tasked on Sunday with forming a new government to rule until the departure of President Ali Abdullah Saleh, set for February.
Published 28 Nov, 2011 12:00am
25 dead in north Yemen conflict

25 dead in north Yemen conflict

At least 25 people have been killed and dozens wounded in northern Yemen in what Sunni Islamist Salafi fighters said was shelling by Shia Muslim rebels on Saturday and Sunday. The shelling killed 10 people on Saturday and continued on Sunday afternoon, a
Published 28 Nov, 2011 12:00am
Jordan king pardons 46 Islamists

Jordan king pardons 46 Islamists

Jordan's King Abdullah II on Sunday pardoned 46 Islamists, the second batch to be freed under a government pledge to free all political prisoners, judicial sources said. In the past, Jordan has accused adherents of a fundamentalist brand of Sunni Islam, S
Published 28 Nov, 2011 12:00am
Poor German auction spells tough times for euro

Poor German auction spells tough times for euro

Weak demand at a German debt auction suggests investors are starting to shun even the eurozone's strongest economy, which could trigger more losses in the shared currency as many shift from euro-denominated assets to safe havens outside the region.
Published 28 Nov, 2011 12:00am
Global Markets Weekahead: shrinking pool of safe-havens

Global Markets Weekahead: shrinking pool of safe-havens

The universe for safe-haven assets is shrinking fast. A sell-off in German government bonds after a weak auction, a warning on France's triple-A rating and rising risks on US credit after the collapse of deficit talks spell trouble for investors looking t
Published 28 Nov, 2011 12:00am
Japan's FGI launches $500 million event-driven hedge fund

Japan's FGI launches $500 million event-driven hedge fund

Japanese hedge fund FGI Capital Partners has launched an Asia event-driven fund, aiming to tap fresh demand from institutional investors including Japanese and foreign pension funds, a top executive said. The fund started trading on Nov. 1 and has capacit
Published 28 Nov, 2011 12:00am
Japan's FGI launches $500 million event-driven hedge fund

Japan's FGI launches $500 million event-driven hedge fund

Japanese hedge fund FGI Capital Partners has launched an Asia event-driven fund, aiming to tap fresh demand from institutional investors including Japanese and foreign pension funds, a top executive said. The fund started trading on Nov. 1 and has capacit
Published 28 Nov, 2011 12:00am
High-frequency firm fined for trading malfunctions

High-frequency firm fined for trading malfunctions

Exchange operator CME Group Inc fined Infinium Capital Management, a US high-frequency trading firm, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010. Infinium trading programs malfunctioned on Oct
Published 28 Nov, 2011 12:00am
High-frequency firm fined for trading malfunctions

High-frequency firm fined for trading malfunctions

Exchange operator CME Group Inc fined Infinium Capital Management, a US high-frequency trading firm, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010. Infinium trading programs malfunctioned on Oct
Published 28 Nov, 2011 12:00am
Wall Street Weekahead: Europe bond yields to keep stocks spellbound

Wall Street Weekahead: Europe bond yields to keep stocks spellbound

US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins next week, traders will watch closely sovereign
Published 28 Nov, 2011 12:00am
London investors await spending statement, national strike

London investors await spending statement, national strike

Britain's investors will next week focus on the government's hotly-awaited Autumn spending statement and economic forecasts, which are due a day after the country faces a nationwide strike. Traders will also continue to track the latest newsflow on the eu
Published 28 Nov, 2011 12:00am
Taiwan High Speed Rail eyes IPO

Taiwan High Speed Rail eyes IPO

Taiwan High Speed Rail Corp (THSR) wants the government to let it operate the island's bullet-train network for at least 75 years so that it can cut its some $13 billion in debt, and expects profits for the next two years that will allow it to launch a pu
Published 28 Nov, 2011 12:00am
Taiwan High Speed Rail eyes IPO

Taiwan High Speed Rail eyes IPO

Taiwan High Speed Rail Corp (THSR) wants the government to let it operate the island's bullet-train network for at least 75 years so that it can cut its some $13 billion in debt, and expects profits for the next two years that will allow it to launch a pu
Published 28 Nov, 2011 12:00am
Argentine currency crackdown smothers dollar demand

Argentine currency crackdown smothers dollar demand

A semblance of normality has returned to Argentina's foreign exchange market as investors grudgingly adapt to government controls and arm-twisting that have stifled demand for dollars.
Published 28 Nov, 2011 12:00am
Sri Lanka rupee rate should be market-driven

Sri Lanka rupee rate should be market-driven

Sri Lanka's rupee exchange rate should be driven by market forces except in cases of volatility, but this week's 3 percent devaluation was necessary medicine to ease a ballooning trade gap, the country's finance secretary said on Thursday.
Published 28 Nov, 2011 12:00am
Iraq demands Exxon explain Kurdish oil deal

Iraq demands Exxon explain Kurdish oil deal

Iraq will send Exxon Mobil Corp a further letter demanding an explanation of its contract with the semi-autonomous Kurdistan region after receiving no response from the US oil group, Iraq's oil minister said on Sunday. Exxon in October signed a deal with
Published 28 Nov, 2011 12:00am
Deutsche names Masud as UAE country head

Deutsche names Masud as UAE country head

Deutsche Bank is set to name Nadeem Masud, head of its corporate and investment banking (CIB) in Dubai, as the new country head for United Arab Emirates after the resignation of top banker Salman al-Khalifa earlier this month, two people familiar with the
Published 28 Nov, 2011 12:00am
Threats seen to Dubai World unit $2.2 billion debt deal

Threats seen to Dubai World unit $2.2 billion debt deal

A potential $2.2 billion debt restructuring for Drydocks World, the shipbuilding arm of indebted Dubai World, is seen facing tough headwinds with the presence of hedge funds and a lack of government aid seen threatening an amicable deal.
Published 28 Nov, 2011 12:00am
Threats seen to Dubai World unit $2.2 billion debt deal

Threats seen to Dubai World unit $2.2 billion debt deal

A potential $2.2 billion debt restructuring for Drydocks World, the shipbuilding arm of indebted Dubai World, is seen facing tough headwinds with the presence of hedge funds and a lack of government aid seen threatening an amicable deal.
Published 28 Nov, 2011 12:00am
IMF readying 600 billion euro bailout for Italy

IMF readying 600 billion euro bailout for Italy

The IMF could bail out Italy with up to 600 billion euros ($794 billion), an Italian newspaper reported on Sunday, as Prime Minister Mario Monti came under pressure to speed up anti-crisis measures. The money would give Monti a window of 12 to 18 months t
Published 28 Nov, 2011 12:00am
Italy debt 'problem' would hit heart of eurozone: France

Italy debt 'problem' would hit heart of eurozone: France

France warned Sunday that any problem with heavily-indebted Italy would affect the very heart of the eurozone. The statement from President Nicolas Sarkozy's office came as an Italian newspaper reported that the International Monetary Fund (IMF) could bai
Published 28 Nov, 2011 12:00am
Germany, France plan quick new Stability Pact

Germany, France plan quick new Stability Pact

France and Germany are planning a quick new pact on budget discipline that might persuade the European Central Bank to ramp up its government bond purchases, Welt am Sonntag reported on Sunday.
Published 28 Nov, 2011 12:00am
Record US retail sales on Black Friday

Record US retail sales on Black Friday

In a display of the US economy's underlying strength, retail sales on Black Friday hit a new record for the start of the holiday shopping season that follows Thanksgiving, according to early estimates. Sales hit $11.4 billion, up 6.6 percent compared to l
Published 28 Nov, 2011 12:00am
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