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Archive - 2011-12-05
Huge blast rocks Lines area
Top News

Huge blast rocks Lines area

KARACHI: A huge blast was heard in Karachi on Monday in Lines area. The blast was caused by a gas cylinder exploding in
Published 05 Dec, 2011 04:42pm
Russia inflation undershoots
Top News

Russia inflation undershoots

MOSCOW: Russia annual inflation rate slipped in November to 6.8 percent, according to data on Monday showing a sixth con
Published 05 Dec, 2011 03:49pm
Energy E&P spending to record high 2012
Top News

Energy E&P spending to record high 2012

LONDON: Global energy exploration and production (E&P) spending will reach the record high level of $598 billion in 2012
Published 05 Dec, 2011 02:40pm
Hong Kong stocks open flat
Financial

Hong Kong stocks open flat

HONG KONG: Hong Kong stocks opened flat on Monday as investors waited for news from debt-hit Europe, where the leaders o
Published 05 Dec, 2011 05:57am
Imran declares assets: Qureshi made PTI Vice-Chairman

Imran declares assets: Qureshi made PTI Vice-Chairman

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan took lead on Sunday by declaring his assets and asked other politicians to public the detail of their assets too in national interest. He announced the detail of his assets in a press conference at the co
Published 05 Dec, 2011 12:00am
Imran declares assets: Qureshi made PTI Vice-Chairman

Imran declares assets: Qureshi made PTI Vice-Chairman

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan took lead on Sunday by declaring his assets and asked other politicians to public the detail of their assets too in national interest. He announced the detail of his assets in a press conference at the co
Published 05 Dec, 2011 12:00am
PTI misled media about his assets: Nisar

PTI misled media about his assets: Nisar

Opposition Leader in the National Assembly Chaudhry Nisar alleged that Tehreek-e-Insaf Chief Imran Khan misled media by sharing incomplete details of his assets, which he submitted to Election Commission of Pakistan (ECP). Addressing a press conference, N
Published 05 Dec, 2011 12:00am
PTI misled media about his assets: Nisar

PTI misled media about his assets: Nisar

Opposition Leader in the National Assembly Chaudhry Nisar alleged that Tehreek-e-Insaf Chief Imran Khan misled media by sharing incomplete details of his assets, which he submitted to Election Commission of Pakistan (ECP). Addressing a press conference, N
Published 05 Dec, 2011 12:00am
THE RUPEE: dollar likely to go up

THE RUPEE: dollar likely to go up

The dollar may go up against the rupee due to forward buying by the importers, as the national currency fell sharply during the week, ended on December 3, 2011.
Published 05 Dec, 2011 12:00am
THE RUPEE: dollar likely to go up

THE RUPEE: dollar likely to go up

The dollar may go up against the rupee due to forward buying by the importers, as the national currency fell sharply during the week, ended on December 3, 2011.
Published 05 Dec, 2011 12:00am
Iran says oil would go over $250 if exports banned

Iran says oil would go over $250 if exports banned

Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy. "As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel,"
Published 05 Dec, 2011 12:00am
Iran says oil would go over $250 if exports banned

Iran says oil would go over $250 if exports banned

Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy. "As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel,"
Published 05 Dec, 2011 12:00am
Iran says oil would go over $250 if exports banned

Iran says oil would go over $250 if exports banned

Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy. "As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel,"
Published 05 Dec, 2011 12:00am
Iran downs US drone, threatens reprisal

Iran downs US drone, threatens reprisal

Iran's military said it shot down a US Army drone inside its territory near the Afghan and Pakistani borders on Sunday, and threatened to retaliate for the violation, Iranian media reported. The Nato-led military force in Afghanistan said the drone report
Published 05 Dec, 2011 12:00am
Iran downs US drone, threatens reprisal

Iran downs US drone, threatens reprisal

Iran's military said it shot down a US Army drone inside its territory near the Afghan and Pakistani borders on Sunday, and threatened to retaliate for the violation, Iranian media reported. The Nato-led military force in Afghanistan said the drone report
Published 05 Dec, 2011 12:00am
Global oil supply sufficient: Qatar

Global oil supply sufficient: Qatar

Global oil market supply is sufficient, OPEC member Qatar's energy minister said on Sunday. "The prices are determined by the market and currently the supply is enough," Mohammed al-Sada told reporters on the sidelines of the World Petroleum Congress.
Published 05 Dec, 2011 12:00am
Global oil supply sufficient: Qatar

Global oil supply sufficient: Qatar

Global oil market supply is sufficient, OPEC member Qatar's energy minister said on Sunday. "The prices are determined by the market and currently the supply is enough," Mohammed al-Sada told reporters on the sidelines of the World Petroleum Congress.
Published 05 Dec, 2011 12:00am
Global oil supply sufficient: Qatar

Global oil supply sufficient: Qatar

Global oil market supply is sufficient, OPEC member Qatar''s energy minister said on Sunday. "The prices are determined by the market and currently the supply is enough," Mohammed al-Sada told reporters on the sidelines of the World Petroleum Congress.
Published 05 Dec, 2011 12:00am
Italy adopts urgent steps to avoid bankruptcy

Italy adopts urgent steps to avoid bankruptcy

Italy's cabinet on Sunday adopted a package of tax hikes, budget cuts and pension reforms worth 20 billion euros ($27 billion) in a rush to avoid a bankruptcy that threatens to bring down the eurozone.
Published 05 Dec, 2011 12:00am
Italy adopts urgent steps to avoid bankruptcy

Italy adopts urgent steps to avoid bankruptcy

Italy's cabinet on Sunday adopted a package of tax hikes, budget cuts and pension reforms worth 20 billion euros ($27 billion) in a rush to avoid a bankruptcy that threatens to bring down the eurozone.
Published 05 Dec, 2011 12:00am
Putin party support wanes in Russia vote

Putin party support wanes in Russia vote

Vladimir Putin's ruling party suffered a surprise drop in support Sunday in legislative elections seen as a test of the Russian strongman's popularity ahead of his planned return to the Kremlin. United Russia was on course to win but with less than half t
Published 05 Dec, 2011 12:00am
Putin party support wanes in Russia vote

Putin party support wanes in Russia vote

Vladimir Putin's ruling party suffered a surprise drop in support Sunday in legislative elections seen as a test of the Russian strongman's popularity ahead of his planned return to the Kremlin. United Russia was on course to win but with less than half t
Published 05 Dec, 2011 12:00am
Syria ignores AL deadline, faces new sanctions

Syria ignores AL deadline, faces new sanctions

Syria faced new sanctions after flouting Sunday an Arab League deadline to accept observers to monitor the unrest sweeping the country, which the UN says has killed at least 4,000 people.
Published 05 Dec, 2011 12:00am
Syria ignores AL deadline, faces new sanctions

Syria ignores AL deadline, faces new sanctions

Syria faced new sanctions after flouting Sunday an Arab League deadline to accept observers to monitor the unrest sweeping the country, which the UN says has killed at least 4,000 people.
Published 05 Dec, 2011 12:00am
Deaths 'not deliberate', says Obama

Deaths 'not deliberate', says Obama

President Barack Obama on Sunday expressed condolences to President Asif Ali Zardari for the deaths last month of 24 Pakistani troops, saying the Nato airstrikes that killed them were not a "deliberate attack."
Published 05 Dec, 2011 12:00am
Deaths 'not deliberate', says Obama

Deaths 'not deliberate', says Obama

President Barack Obama on Sunday expressed condolences to President Asif Ali Zardari for the deaths last month of 24 Pakistani troops, saying the Nato airstrikes that killed them were not a "deliberate attack."
Published 05 Dec, 2011 12:00am
Boycott of Bonn conference: UN chief laments Pakistan

Boycott of Bonn conference: UN chief laments Pakistan

UN Secretary General Ban Ki-moon on Sunday lamented Pakistan's boycott of a key conference on Afghanistan's future while also promising Kabul the international community's long-term support "It would have been better if Pakistan (had) been there," Ban sai
Published 05 Dec, 2011 12:00am
Boycott of Bonn conference: UN chief laments Pakistan

Boycott of Bonn conference: UN chief laments Pakistan

UN Secretary General Ban Ki-moon on Sunday lamented Pakistan's boycott of a key conference on Afghanistan's future while also promising Kabul the international community's long-term support "It would have been better if Pakistan (had) been there," Ban sai
Published 05 Dec, 2011 12:00am
President decides to address joint session

President decides to address joint session

President Asif Ali Zardari decided to address the joint session of Parliament after Muharram and called upon the government to take appropriate steps in this regard which Pakistan Muslim League (N) smelled as an indicator of some new game plan.
Published 05 Dec, 2011 12:00am
President decides to address joint session

President decides to address joint session

President Asif Ali Zardari decided to address the joint session of Parliament after Muharram and called upon the government to take appropriate steps in this regard which Pakistan Muslim League (N) smelled as an indicator of some new game plan.
Published 05 Dec, 2011 12:00am
Parliament to be used for evolving uniform policies: Prime Minister

Parliament to be used for evolving uniform policies: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the government respects the parliament, and would use the forum for evolving uniform policies on all national issues by taking all the stakeholders into confidence. Talking to media here on Sunday, the
Published 05 Dec, 2011 12:00am
Parliament to be used for evolving uniform policies: Prime Minister

Parliament to be used for evolving uniform policies: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the government respects the parliament, and would use the forum for evolving uniform policies on all national issues by taking all the stakeholders into confidence. Talking to media here on Sunday, the
Published 05 Dec, 2011 12:00am
Enhancing PMTF's credit limit by Rs 1 billion recommended

Enhancing PMTF's credit limit by Rs 1 billion recommended

Cabinet Committee on Restructuring (CCOR) has recommended enhancement of credit limit of Pakistan Machine Tool Factory (PMTF) Karachi by Rs1,000 million under Government of Pakistan's (GOP's) sovereign guarantee for its rehabilitation to address the immed
Published 05 Dec, 2011 12:00am
Enhancing PMTF's credit limit by Rs 1 billion recommended

Enhancing PMTF's credit limit by Rs 1 billion recommended

Cabinet Committee on Restructuring (CCOR) has recommended enhancement of credit limit of Pakistan Machine Tool Factory (PMTF) Karachi by Rs1,000 million under Government of Pakistan's (GOP's) sovereign guarantee for its rehabilitation to address the immed
Published 05 Dec, 2011 12:00am
Enhancing PMTF''s credit limit by Rs 1 billion recommended

Enhancing PMTF''s credit limit by Rs 1 billion recommended

Cabinet Committee on Restructuring (CCOR) has recommended enhancement of credit limit of Pakistan Machine Tool Factory (PMTF) Karachi by Rs1,000 million under Government of Pakistan''s (GOP''s) sovereign guarantee for its rehabilitation to address the imm
Published 05 Dec, 2011 12:00am
TTP splintering into factions

TTP splintering into factions

Battered by military operations and US drone strikes, the once-formidable Pakistani Taliban has splintered into more than 100 smaller factions, weakened and is running short of cash, according to security officials, analysts and tribesmen from the insurge
Published 05 Dec, 2011 12:00am
TTP splintering into factions

TTP splintering into factions

Battered by military operations and US drone strikes, the once-formidable Pakistani Taliban has splintered into more than 100 smaller factions, weakened and is running short of cash, according to security officials, analysts and tribesmen from the insurge
Published 05 Dec, 2011 12:00am
Curfew imposed on held Srinagar

Curfew imposed on held Srinagar

In occupied Kashmir, the authorities imposed curfew and other restrictions in occupied Srinagar on Sunday, to prevent people from taking out Ashura processions. According to Kashmir Media Service, the authorities had deployed hundreds of Indian police and
Published 05 Dec, 2011 12:00am
Curfew imposed on held Srinagar

Curfew imposed on held Srinagar

In occupied Kashmir, the authorities imposed curfew and other restrictions in occupied Srinagar on Sunday, to prevent people from taking out Ashura processions. According to Kashmir Media Service, the authorities had deployed hundreds of Indian police and
Published 05 Dec, 2011 12:00am
Fossil-fuel emissions unbraked by financial crisis

Fossil-fuel emissions unbraked by financial crisis

Emissions of carbon dioxide (CO2) from fossil fuels and the cement industry scaled a record high in 2010, rocketing by 5.9 percent over 2009 in a surge led by developing countries, scientists reported on Sunday. For the first time ever, annual CO2 from th
Published 05 Dec, 2011 12:00am
Fossil-fuel emissions unbraked by financial crisis

Fossil-fuel emissions unbraked by financial crisis

Emissions of carbon dioxide (CO2) from fossil fuels and the cement industry scaled a record high in 2010, rocketing by 5.9 percent over 2009 in a surge led by developing countries, scientists reported on Sunday. For the first time ever, annual CO2 from th
Published 05 Dec, 2011 12:00am
Fossil-fuel emissions unbraked by financial crisis

Fossil-fuel emissions unbraked by financial crisis

Emissions of carbon dioxide (CO2) from fossil fuels and the cement industry scaled a record high in 2010, rocketing by 5.9 percent over 2009 in a surge led by developing countries, scientists reported on Sunday. For the first time ever, annual CO2 from th
Published 05 Dec, 2011 12:00am
UAE cabinet approves draft companies law

UAE cabinet approves draft companies law

The United Arab Emirates cabinet has approved a draft companies law that will make it easier to set up businesses and strengthen the protection of shareholders, state news agency WAM reported on Sunday.
Published 05 Dec, 2011 12:00am
UAE cabinet approves draft companies law

UAE cabinet approves draft companies law

The United Arab Emirates cabinet has approved a draft companies law that will make it easier to set up businesses and strengthen the protection of shareholders, state news agency WAM reported on Sunday.
Published 05 Dec, 2011 12:00am
UAE cabinet approves draft companies law

UAE cabinet approves draft companies law

The United Arab Emirates cabinet has approved a draft companies law that will make it easier to set up businesses and strengthen the protection of shareholders, state news agency WAM reported on Sunday.
Published 05 Dec, 2011 12:00am
Blast near British embassy in Bahrain

Blast near British embassy in Bahrain

A small explosion took place in a bus parked near the British embassy in the Bahraini capital on Sunday, without causing casualties, the interior ministry said in the Gulf state swept by unrest earlier this year. "A blast from the front part of a bus park
Published 05 Dec, 2011 12:00am
Blast near British embassy in Bahrain

Blast near British embassy in Bahrain

A small explosion took place in a bus parked near the British embassy in the Bahraini capital on Sunday, without causing casualties, the interior ministry said in the Gulf state swept by unrest earlier this year. "A blast from the front part of a bus park
Published 05 Dec, 2011 12:00am
Trade bodies being ignored in key National Assembly body meeting

Trade bodies being ignored in key National Assembly body meeting

The meeting called by the National Assembly's standing committee on Ports and Shipping to deliberate on the all important 'Sea Carriage Shipping Documents, Bill 2011' and 'Carriage of Goods by Sea Bill, 2011' is being considered as "an exercise in futilit
Published 05 Dec, 2011 12:00am
Trade bodies being ignored in key National Assembly body meeting

Trade bodies being ignored in key National Assembly body meeting

The meeting called by the National Assembly's standing committee on Ports and Shipping to deliberate on the all important 'Sea Carriage Shipping Documents, Bill 2011' and 'Carriage of Goods by Sea Bill, 2011' is being considered as "an exercise in futilit
Published 05 Dec, 2011 12:00am
Trade bodies being ignored in key National Assembly body meeting

Trade bodies being ignored in key National Assembly body meeting

The meeting called by the National Assembly''s standing committee on Ports and Shipping to deliberate on the all important ''Sea Carriage Shipping Documents, Bill 2011'' and ''Carriage of Goods by Sea Bill, 2011'' is being considered as "an exercise in fu
Published 05 Dec, 2011 12:00am
Germany open to Commerzbank nationalisation

Germany open to Commerzbank nationalisation

Germany is open to a nationalisation of Commerzbank if the country's second-biggest bank cannot raise sufficient capital next year, Der Spiegel weekly reported on Sunday. The finance ministry declined to comment on the report.
Published 05 Dec, 2011 12:00am
Germany open to Commerzbank nationalisation

Germany open to Commerzbank nationalisation

Germany is open to a nationalisation of Commerzbank if the country's second-biggest bank cannot raise sufficient capital next year, Der Spiegel weekly reported on Sunday. The finance ministry declined to comment on the report.
Published 05 Dec, 2011 12:00am
Germany open to Commerzbank nationalisation

Germany open to Commerzbank nationalisation

Germany is open to a nationalisation of Commerzbank if the country''s second-biggest bank cannot raise sufficient capital next year, Der Spiegel weekly reported on Sunday. The finance ministry declined to comment on the report.
Published 05 Dec, 2011 12:00am
Dev Anand dies in London at 88

Dev Anand dies in London at 88

Bollywood star Dev Anand, a charismatic and flamboyant Indian film fixture for more than a half-century, has died of a heart attack in London, his family said Sunday. He was 88. Famed for his roles in dozens of movies, including "Jewel Thief" and "Guide,"
Published 05 Dec, 2011 12:00am
Dev Anand dies in London at 88

Dev Anand dies in London at 88

Bollywood star Dev Anand, a charismatic and flamboyant Indian film fixture for more than a half-century, has died of a heart attack in London, his family said Sunday. He was 88. Famed for his roles in dozens of movies, including "Jewel Thief" and "Guide,"
Published 05 Dec, 2011 12:00am
Australia's ruling Labour clears uranium sales to India

Australia's ruling Labour clears uranium sales to India

Australia's ruling Labor Party on Sunday endorsed plans to open up uranium sales to India, clearing the way for talks on a bilateral nuclear agreement and resolving an issue that has caused diplomatic tensions between the two nations.
Published 05 Dec, 2011 12:00am
Australia's ruling Labour clears uranium sales to India

Australia's ruling Labour clears uranium sales to India

Australia's ruling Labor Party on Sunday endorsed plans to open up uranium sales to India, clearing the way for talks on a bilateral nuclear agreement and resolving an issue that has caused diplomatic tensions between the two nations.
Published 05 Dec, 2011 12:00am
PML-Q, PPP representatives call on Gilani

PML-Q, PPP representatives call on Gilani

PML-Q MNA, Sardar Talib Nakai and PPP MPA, Dr Neelum Jabbar called on Prime Minister, Syed Yousuf Raza Gilani at State Guest House, here on Sunday. In separate meetings, they eulogised government's firm stance against the Nato air strike in which 24 Pakis
Published 05 Dec, 2011 12:00am
Delayed arrival, departure of trains highly perturbing

Delayed arrival, departure of trains highly perturbing

The persistently delayed arrival and departure of trains is perturbing passengers as trains arriving on Sunday behind their proper scheduled timing in Peshawar. According to Railways sources, most of the trains aren't arriving in time because of certain r
Published 05 Dec, 2011 12:00am
Gas load management: over 600 industrial units remain closed

Gas load management: over 600 industrial units remain closed

More than 600 industries, most of them value-added and export-oriented textile units, remained closed here on the fourth consecutive day here on Sunday, while low gas pressure created severe problems for domestic consumers.
Published 05 Dec, 2011 12:00am
Difa-e-Pakistan conference on December 18

Difa-e-Pakistan conference on December 18

Chairman Difa-e-Pakistan Council (DPC) an alliance of various religious parties Maulana Samiul Haq has said that all religious parties will guide the nation on national issues and they will hold Difa-e-Pakistan Conference at Minar-e-Pakistan on December 1
Published 05 Dec, 2011 12:00am
CNG filling stations to remain open on Monday and Tuesday

CNG filling stations to remain open on Monday and Tuesday

With a view to facilitate the people on the occasion of Muharram-ul-Harram, CNG filling stations in the Punjab Province will remain open on Monday and Tuesday this week during the Muharram holidays. This was stated by Managing Director, Sui Northern Pipel
Published 05 Dec, 2011 12:00am
Nato attack martyrs: Ghaibana Namaz-e-Janaza offered

Nato attack martyrs: Ghaibana Namaz-e-Janaza offered

Awaz Welfare Society offered Ghaibana Namaz-e-Janaza of Nato attack martyred at Liaquat Bagh here on Sunday to pay homage that valor soldiers who embraced Shahhdat at Slalala check post. The Namaz-e-Janaza was attended among others President Mehmood Khan
Published 05 Dec, 2011 12:00am
PCGA urges SBP to issue cotton advances, cash finance

PCGA urges SBP to issue cotton advances, cash finance

Pakistan Cotton Ginners Association (PCGA) has appealed State Bank of Pakistan to issue seasonal cotton advances and cash finance for the survival of cotton ginning industry and said that debt of cotton ginners of flood-affected areas be rescheduled besid
Published 05 Dec, 2011 12:00am
Olive crop to be promoted in Punjab, AJ&K

Olive crop to be promoted in Punjab, AJ&K

A well-knitted plan has been prepared for the promotion of olive cultivation in Punjab and Azad Kashmir. Official sources told Business Recorder here Sunday that Sialkot, Narowal, Gujrat, Jehlum, Rawalpindi, Islamabad, Attock, Chakwal and Khushab d
Published 05 Dec, 2011 12:00am
Child emergency of SGRH without medicines

Child emergency of SGRH without medicines

The Children Emergency Department of Sir Ganga Ram Hospital is running without medicines, patients complained here on Sunday. Over 200 children including infants visit the hospital department daily. After check-up, doctors on duty hand over the prescripti
Published 05 Dec, 2011 12:00am
Prime Minister approves first federal medical, dental college

Prime Minister approves first federal medical, dental college

Prime Minister, Syed Yousuf Raza Gilani has approved the establishment of first federal medical & dental college in the public sector in Islamabad and entrusted to the Cabinet Division its establishment and operationalisaton.
Published 05 Dec, 2011 12:00am
Three killed over old enmity

Three killed over old enmity

Three persons were killed over an old enmity within the jurisdiction of Yark Police Station, police said on Sunday. Three persons were gunned down in Yark, suburban area of D.I Khan. Police found their bullet-riddled bodies from Qallandar area of Yark. Th
Published 05 Dec, 2011 12:00am
MFN status to India to hurt textile industry: PEW

MFN status to India to hurt textile industry: PEW

The Pakistan Economy Watch (PEW) on Sunday said MFN status to India will damage local value-added sector which is providing jobs to millions and contributing more than any sector to the export earnings. Rising input costs, burden of taxes, infrastructure
Published 05 Dec, 2011 12:00am
PNS SAIF to represent Pakistan in LIMA exercise

PNS SAIF to represent Pakistan in LIMA exercise

A Pakistan Navy ship named after Khalid Bin Walid is arriving next week at the Malaysian port of Langkawi to represent Pakistan in the five-day Langkawi International Maritime and Aerospace (LIMA) exercise 2011.
Published 05 Dec, 2011 12:00am
Joint flag march to ensure foolproof security

Joint flag march to ensure foolproof security

A joint flag march of security forces including rangers, police and elite force carried out in the district here on Sunday to ensure the foolproof security during the month of Muharram.
Published 05 Dec, 2011 12:00am
Thar Coal: KESC to generate 1,100MW electricity till March 2012

Thar Coal: KESC to generate 1,100MW electricity till March 2012

Karachi Electric Supply Company CEO, Tabish Gohar on Sunday said that KESC will increase its electricity generation capacity around 1,100 MW till March 2012 through Thar coal. Talking to a private news channel, he said that Bin Qasim power plant is being
Published 05 Dec, 2011 12:00am
Ashura procession: 7,000 policemen deployed in Peshawar

Ashura procession: 7,000 policemen deployed in Peshawar

To provide foolproof security to mourners processions during the Ashura, more than 7,000 police personnel' have been deployed in the provincial capital city Peshawar. The mourner processions have been protected by sealing off all entry points.
Published 05 Dec, 2011 12:00am
Nato aggression: Norwegian foreign minister calls Hina

Nato aggression: Norwegian foreign minister calls Hina

Foreign Minister of Norway, Jonas Gahr Store spoke to Foreign Minister Khar on late Saturday night on telephone to convey his sympathy on the killing of Pakistani soldiers in Mohmand Agency.
Published 05 Dec, 2011 12:00am
Pakistan should review foreign policy: Kundi

Pakistan should review foreign policy: Kundi

Deputy Speaker National Assembly Faisal Karim Kundi said that Pakistan should review its foreign policy in the wake of current scenario Talking to a private news channel on Sunday, he strongly condemned the Nato airstrike on a military check post in Mohma
Published 05 Dec, 2011 12:00am
Demonstration against Nato strike held

Demonstration against Nato strike held

A protest demonstration was held by the Islamic Students Federation of Pakistan on Torkhuman-Peshawar Road against the Nato's brazen attack on security check-posts in Mohmand Agency here on Sunday. The protestors chanted slogans against US and Nato troops
Published 05 Dec, 2011 12:00am
Meeting to decide NACP's fate on December 7

Meeting to decide NACP's fate on December 7

A meeting is likely to be held in Planning Commission on December 7 to decide the fate of National Aids Control Programme (NACP). The meeting would also take decisions regarding downsizing and regularisation of the employees working under health sector. T
Published 05 Dec, 2011 12:00am
Global 'Civil Aviation Day' on December 7

Global 'Civil Aviation Day' on December 7

International Civil Aviation Day will be observed December 7 across the world including Pakistan to raise awareness of the importance of international civil aviation and the role that the International Civil Aviation Organisation (ICAO) plays in internati
Published 05 Dec, 2011 12:00am
Geelani demands release of Kashmiri detainees

Geelani demands release of Kashmiri detainees

In occupied Kashmir, the veteran Kashmiri Hurriyet leader, Syed Ali Geelani has demanded immediate and unconditional release of the Kashmiris who have been under illegal detention for the last several years.
Published 05 Dec, 2011 12:00am
Malik orders strict security for Muharram processions

Malik orders strict security for Muharram processions

Federal Minister for Interior Senator A Rehman Malik directed all Provincial Home Secretaries and Inspector Generals that no transport including bus, truck, tractor, car, rikshaw, taxi, van, pickup, motorcycle/cycle, animal, hand carts, etc, should be all
Published 05 Dec, 2011 12:00am
Anti-polio drive in Larkana from December 19

Anti-polio drive in Larkana from December 19

Deputy Comm-issioner, Abdul Aleem Lashari has said that all out efforts should be made to make the three-day anti-polio campaign successful when it is conducted in the district from December 19 to 21.
Published 05 Dec, 2011 12:00am
MQM to observe death anniversary of Altaf's mother today

MQM to observe death anniversary of Altaf's mother today

Muttahida Qaumi Movement (MQM) will observe the 26th death anniversary of Khursheed Begum, the mother of Altaf Hussain, chief of MQM, on December 5, all over the country. MQM will organise programmes in connection with the death anniversary of Khursheed B
Published 05 Dec, 2011 12:00am
Arms and drugs seized

Arms and drugs seized

Kharan Rifles arrested two alleged smugglers and recovered arms and huge quantity of drugs from their possession in Sandak area on Sunday. According to the official, acting on a tip off, Kharan Rifles team conducted raid during which it apprehended two al
Published 05 Dec, 2011 12:00am
MQM leaders meet ulema to promote inter-faith harmony

MQM leaders meet ulema to promote inter-faith harmony

Muttahida Qaumi Movement (MQM), Rabita Committee members Syed Shoaib Ahmed Bukhari advocate, Waseem Aftab and Saif Yar Khan held separate meetings with the ulema to promote inter-faith harmony and maintain peace during Muharram-ul-Haraam.
Published 05 Dec, 2011 12:00am
Crisis Cells established at zonal police level

Crisis Cells established at zonal police level

Inspector General Police (IGP) Sindh Mushtaq Shah directed all the zonal police officers including all DIGs in Karachi in particular and those elsewhere in the province to establish ad hoc crisis management cells for Muharram.
Published 05 Dec, 2011 12:00am
Governor directs Administrator to ensure payment of salaries on time

Governor directs Administrator to ensure payment of salaries on time

Sindh Governor, Dr Ishrat-ul-Ebad Khan, has directed the Administrator Karachi to ensure that all the employees are paid salaries on time. He was chairing a meeting held at the Governor House here, said a statement on Sunday, which considered the matters
Published 05 Dec, 2011 12:00am
SEF launches book titled Dard Kay Rishtay

SEF launches book titled Dard Kay Rishtay

The Sindh Education Foundation has launched a book titled "Dard Kay Rishtay" for neo-literate adult women learners and their educators, said in a statement issued here on Sunday by the Sindh Education Foundation (SEF).
Published 05 Dec, 2011 12:00am
Afghan rights situation still 'critical' 10 years on: HRW

Afghan rights situation still 'critical' 10 years on: HRW

The human rights situation remains "critical" in Afghanistan despite the Taliban's ouster 10 years ago, Human Rights Watch said Sunday, accusing Kabul and its Western backers of failing to prioritise rights conditions.
Published 05 Dec, 2011 12:00am
Maoists kill ten police in east India

Maoists kill ten police in east India

A landmine attack by Maoist rebels in eastern India struck the convoy of a senior politician, killing ten policemen and a young boy, officials said on Sunday. The attack in Jharkhand state came during a two-day shutdown imposed by the
Published 05 Dec, 2011 12:00am
Islamist success is democracy at work: Amr Moussa

Islamist success is democracy at work: Amr Moussa

Amr Moussa, a front-runner for Egypt's presidency, said on Sunday the strong Islamist showing in the first parliamentary election since army generals replaced Hosni Mubarak in February had to be swallowed as democracy in action.
Published 05 Dec, 2011 12:00am
Hamas quietly scales back its presence in Syria

Hamas quietly scales back its presence in Syria

Dozens of Hamas operatives have quietly returned to Gaza from Damascus as the Islamist group scales back its presence in Syria and gauges the uncertain future of President Bashar al-Assad, diplomats said on Sunday. Officially, Hamas leaders are sticking t
Published 05 Dec, 2011 12:00am
New Latin American body raps Britain, United States

New Latin American body raps Britain, United States

A new Latin American and Caribbean organisation backed Argentina's claim to sovereignty over the British-ruled Falkland Islands and slammed US sanctions on Cuba at Saturday's end of a two-day summit.
Published 05 Dec, 2011 12:00am
Bomb attacks kill three in northern Nigeria

Bomb attacks kill three in northern Nigeria

Bomb attacks by suspected Islamist militants Sunday left three people dead in northern Nigeria's Bauchi State, an official and residents said. The suspected members of the radical Boko Haram sect, armed with heavy machine guns, threw explosives and fired
Published 05 Dec, 2011 12:00am
Seven killed in clashes in Kazakhstan

Seven killed in clashes in Kazakhstan

Five suspected militants and two security officers were killed in a shootout near Kazakhstan's commercial capital Almaty, prosecutors said on Sunday, in the latest of a series of attacks in the oil-producing Central Asian state. The five gunmen barricaded
Published 05 Dec, 2011 12:00am
Libyan who sparked revolution sworn in as minister

Libyan who sparked revolution sworn in as minister

The man whose arrest in February sparked Libya's revolution was sworn in as a minister in the new interim government on Sunday but said he had been hesitant about taking on the new job. Fethi Tarbel, Libya's new sport and youth minister, wiped away tears
Published 05 Dec, 2011 12:00am
NTC sets up committee to probe oil graft

NTC sets up committee to probe oil graft

Libya's National Transitional Council has set up a committee to investigate corruption in the oil sector during the rule of Muammar Qadhafi, a member of the committee told Reuters on Sunday. A wide-reaching probe of oil deals could lead to a re-allocation
Published 05 Dec, 2011 12:00am
Yemen sets up group to oversee military, fighting goes on

Yemen sets up group to oversee military, fighting goes on

Yemen's government named a team of lawmakers on Sunday to oversee the military after four days of battles threatened to wreck a deal easing President Ali Abdullah Saleh from office. At least two people were killed on Sunday in fighting between Saleh loyal
Published 05 Dec, 2011 12:00am
China lays out conditions for legally binding climate deal

China lays out conditions for legally binding climate deal

China's top climate negotiator Xie Zhenhua on Sunday laid out conditions under which Beijing would accept a legally-binding climate deal that would go into force after 2020, when current voluntary pledges run out. The conditions included a renewal of carb
Published 05 Dec, 2011 12:00am
Singapore hedge fund sector set to shrink on tighter regs

Singapore hedge fund sector set to shrink on tighter regs

Singapore's $53 billion hedge fund industry is set for a shakeout as the city-state's planned new regulations are expected to raise costs for scores of already stretched smaller funds, threatening their survival. The move would represent a partial reversa
Published 05 Dec, 2011 12:00am
Singapore hedge fund sector set to shrink on tighter regs

Singapore hedge fund sector set to shrink on tighter regs

Singapore's $53 billion hedge fund industry is set for a shakeout as the city-state's planned new regulations are expected to raise costs for scores of already stretched smaller funds, threatening their survival. The move would represent a partial reversa
Published 05 Dec, 2011 12:00am
Middle East markets: UAE, Qatar up on MSCI upgrade hopes

Middle East markets: UAE, Qatar up on MSCI upgrade hopes

Stock markets in the UAE and Qatar rose on Sunday on hopes for an index upgrade by MSCI, and gains by world equities last week helped boost most Gulf bourses. Dubai's bellwether Emaar Properties ended at a three-month high, surging 5.5 percent to 2.86 dir
Published 05 Dec, 2011 12:00am
London investors await critical EU summit

London investors await critical EU summit

The British stock market, fresh from a massive rebound, will next week focus on a vital EU summit where leaders will aim to resolve the eurozone sovereign debt crisis. And the Bank of England will deliver its latest monetary policy decisions on Thursday,
Published 05 Dec, 2011 12:00am
India's BSE index seen up nearly 17 percent by end-2012

India's BSE index seen up nearly 17 percent by end-2012

India's main stock index should rise almost 17 percent by the end of next year as investors bet on a possible cooling off in inflation and a reversal in the interest rate tightening cycle in Asia's third-largest economy, a Reuters poll showed.
Published 05 Dec, 2011 12:00am
'Absolute return' no refuge in stressed markets

'Absolute return' no refuge in stressed markets

Investors who bought into "absolute return" funds hoping to make money in relentlessly turbulent trading are instead finding their capital eroded in markets that are making a habit of sudden mass flight from risk.
Published 05 Dec, 2011 12:00am
Hopes for 2012 global stocks rebound fade

Hopes for 2012 global stocks rebound fade

Most rich-world stock indexes will recoup in 2012 only a fraction of their huge losses this year, a Reuters poll showed on Thursday, with the threat of economic catastrophe in Europe hanging over developed and emerging markets alike.
Published 05 Dec, 2011 12:00am
Wall Street Weekahead: Searching across the Atlantic for clues

Wall Street Weekahead: Searching across the Atlantic for clues

The eurozone will once again serve as the source of Wall Street's angst, as investors look to a summit of the region's political leaders for decisive solutions for the ballooning debt crisis. Stocks posted their best week in more than two years this week,
Published 05 Dec, 2011 12:00am
Tokyo investors look to EU summit next week

Tokyo investors look to EU summit next week

Investors in Tokyo will focus on a European Union summit next week after fears over the eurozone debt problem were temporarily eased by the joint action of central banks, analysts said Friday. In the week to December 2, the benchmark Nikkei 225 index at t
Published 05 Dec, 2011 12:00am
Global Markets Weekahead: too early for Christmas rally

Global Markets Weekahead: too early for Christmas rally

Investors may be cheered by this week's liquidity move by the world's top central banks and interest rate cuts in key emerging economies, but more is needed to sustain the risk rally into the new year. Wednesday's joint central bank move to ease tensions
Published 05 Dec, 2011 12:00am
Qatar, Shell in $6.4 billion petchem plant agreement

Qatar, Shell in $6.4 billion petchem plant agreement

Qatar signed a deal with Royal Dutch Shell on Sunday to develop a $6.4 billion petrochemicals complex in the Ras Laffan industrial city in the Gulf Arab state. Qatar's energy minister, Mohammed al-Sada, and Shell chief executive Peter Voser signed the hea
Published 05 Dec, 2011 12:00am
Iraq in talks with US over Exxon deal

Iraq in talks with US over Exxon deal

Iraq is in talks with the United States about a dispute over exploration deals signed by US oil company Exxon Mobil in Iraq's semi-autonomous Kurdish region without national government approval, a senior Iraqi official said.
Published 05 Dec, 2011 12:00am
Agility bidding for Kuwait Health Assurance Co stake

Agility bidding for Kuwait Health Assurance Co stake

Kuwait's Agility has bid about 25.6 million dinars ($92.44 million) to acquire a strategic stake in Kuwait Health Assurance Co (KHAC), a company currently under establishment in the Gulf Arab state, Agility said on Sunday.
Published 05 Dec, 2011 12:00am
Germany risks isolation in EU, warns former chancellor

Germany risks isolation in EU, warns former chancellor

Former Social Democrat (SPD) Chancellor Helmut Schmidt urged Germans on Sunday to soothe what he said were growing fears of German dominance in Europe and come to the rescue of debt-stricken eurozone partners.
Published 05 Dec, 2011 12:00am
South Korea joins rare earth project in S Africa

South Korea joins rare earth project in S Africa

South Korea's state-run Korea Resources Corporation (KORES) has reached a definitive agreement to take part in a large-scale rare earth element development project in South Africa owned by Frontier Rare Earths Ltd.
Published 05 Dec, 2011 12:00am
Bank of India to buy 51 percent of Bharti AXA asset manager

Bank of India to buy 51 percent of Bharti AXA asset manager

State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti Axa Investment Managers Pvt Ltd from the firm's two joint venture partners. Bharti AXA Investment Managers is a tie-up between Bharti Enterprises, which c
Published 05 Dec, 2011 12:00am
Decision time for EU, with euro's future at stake

Decision time for EU, with euro's future at stake

The euro faces a decisive week as European Union leaders, urged on anxiously by the United States, seek agreement on the definitive rescue plan that has eluded them for two years.
Published 05 Dec, 2011 12:00am
China slams US solar probe as 'protectionist'

China slams US solar probe as 'protectionist'

China on Sunday accused the United States of "protectionist attitudes" towards Chinese solar panel makers and warned that a US investigation could hurt global efforts to cut emissions cheaply.
Published 05 Dec, 2011 12:00am
No deal at EU summit 'extraordinarily grave': Britain

No deal at EU summit 'extraordinarily grave': Britain

Britain's Deputy Prime Minister Nick Clegg said Sunday it would be "extraordinarily grave" if no agreement was reached on saving the eurozone at this week's EU summit. European Union leaders gather in Brussels on Thursday and Friday to thrash out a way to
Published 05 Dec, 2011 12:00am
Britain to clamp down on executive pay

Britain to clamp down on executive pay

The British government is to come forward with proposals next month to tackle excessive pay packets for executives whose companies are failing, the deputy prime minister said Sunday. Nick Clegg said that austerity in the public sector as Britain tries to
Published 05 Dec, 2011 12:00am
EU at threat if euro crisis not solved: Portuguese Prime Minister

EU at threat if euro crisis not solved: Portuguese Prime Minister

Failure to find a solution to the eurozone crisis could lead to the end of the European Union, Portuguese Prime Minister Pedro Passos Coelho said in an interview published on Sunday. "We have to find a response," to the crisis, he said in the interview wi
Published 05 Dec, 2011 12:00am
Chinese vice premier calls for trade restructuring

Chinese vice premier calls for trade restructuring

China's Vice Premier Wang Qishan on Sunday urged local authorities to stabilise exports and boost imports in the face of growing global economic uncertainties, reiterating Beijing's pledge to transform its trade-dependent economy.
Published 05 Dec, 2011 12:00am
EBA urges Italian banks to boost capital

EBA urges Italian banks to boost capital

Europe's chief bank regulator said Italian banks should boost their capital, in an interview published in Il Sole 24 Ore on Sunday. European Banking Authority chairman Andrea Enria also said he did not agree with a decision by EU finance ministers last we
Published 05 Dec, 2011 12:00am
Elbit Systems wins $38.5 million US Air Force contract

Elbit Systems wins $38.5 million US Air Force contract

Israeli defence electronics firm Elbit Systems said on Sunday its US subsidiary, Elbit Systems of America, won a five-year contract worth up to $38.5 million from the Defence Logistics Agency-Ogden. The contract is for the upgrade of US Air Force F-16 hea
Published 05 Dec, 2011 12:00am
Maradona criticises 'unfair' referees after team held to draw

Maradona criticises 'unfair' referees after team held to draw

Argentine football legend Diego Maradona criticised Sunday what he called unfair refereeing in the United Arab Emirates (UAE) after his team Al Wasl was helld to a draw in a local match "Refereeing is bad. I would be a fool if I focused on counting refere
Published 05 Dec, 2011 12:00am
FA hire lawyers for Rooney appeal

FA hire lawyers for Rooney appeal

The English FA have hired an external legal firm to help with Wayne Rooney's suspension appeal. Rooney's appeal against a three-match ban, which is threatening to rule him out of Euro 2012's entire group stage, will be heard by UEFA on Thursday.
Published 05 Dec, 2011 12:00am
Juventus beat Cesena to return to top

Juventus beat Cesena to return to top

Juventus went back to the top of Serie A after a 2-0 victory over Cesena on Sunday. Claudio Marchisio and Arturo Vidal, from the penalty spot, scored the goals that restored the Old Lady of Turin's two-point lead over AC Milan and Udinese. But the match w
Published 05 Dec, 2011 12:00am
Nadal secures fifth Davis Cup title for Spain

Nadal secures fifth Davis Cup title for Spain

Rafael Nadal got the winning point as Spain won a fifth Davis Cup title here on Sunday. The world number two beat Argentina's Juan Martin del Potro to give the hosts an unbeatable 3-1 lead, rallying from a set down to see off the 2009 US Open champion 1-6
Published 05 Dec, 2011 12:00am
Huth breaks drought to sink Everton

Huth breaks drought to sink Everton

Robert Huth's first goal of the season gave Stoke a hard-fought 1-0 win over Everton at Goodison Park on Sunday. Although Huth is a defender by trade, the German international has developed a habit of causing havoc from Stoke's set-pieces until this seaso
Published 05 Dec, 2011 12:00am
Fletcher double leaves O'Neill with plenty to do

Fletcher double leaves O'Neill with plenty to do

Wolves striker Steven Fletcher scored twice in the closing stages to clinch a 2-1 win over Sunderland on Sunday that left new Black Cats boss Martin O'Neill in no doubt about the size of the task facing him at the Stadium of Light.
Published 05 Dec, 2011 12:00am
Brazilian football legend Socrates dies

Brazilian football legend Socrates dies

Former Brazil captain Socrates died Sunday aged 57 from an intestinal infection, a spokesperson for the Albert Einstein Hospital announced. Socrates - who in 1982 captained what is widely regarded as the best Brazil side never to have won the World Cup -
Published 05 Dec, 2011 12:00am
Heavy rain delays Champion's Trophy matches

Heavy rain delays Champion's Trophy matches

Games were called off Sunday in the second round of the Owen G Glenn FIH Champions Trophy tournament in Auckland, after heavy rain made the pitch unplayable. The matches, which will see top seeds Australia play Britain, and Germany meet arch rivals the Ne
Published 05 Dec, 2011 12:00am
Man United, Man City meet again in the FA Cup

Man United, Man City meet again in the FA Cup

Manchester United will meet defending champion Manchester City in the FA Cup for a second straight season after the local rivals were drawn against each other in the third round. City beat the record 11-time FA Cup holders 1-0 in last season's semi-final
Published 05 Dec, 2011 12:00am
Anelka knows which club he'll join after Chelsea

Anelka knows which club he'll join after Chelsea

Nicolas Anelka has already decided which team he will join when he leaves Chelsea, although the much-travelled striker declined to reveal the name of his ninth club. The 32-year-old Anelka recently had a transfer request accepted and can leave when the tr
Published 05 Dec, 2011 12:00am
Pattinson destroys Kiwis in big Australia win

Pattinson destroys Kiwis in big Australia win

Debutant paceman James Pattinson spearheaded Australia to a crushing nine-wicket victory in the first Test against New Zealand inside four days at the Gabba on Sunday. Pattinson snared five for 27 including three wickets in four balls to help rout the Bla
Published 05 Dec, 2011 12:00am
Russia win volleyball World Cup

Russia win volleyball World Cup

Russia stormed back from match points down to defeat Poland and win the men's World Cup volleyball tournament on Sunday with Brazil taking the last ticket to the London Olympics next year. The Russians, who had already booked their Olympic place on Saturd
Published 05 Dec, 2011 12:00am
Back-to-back Sun City titles for Westwood

Back-to-back Sun City titles for Westwood

World number three Lee Westwood of England retained his Nedbank Golf Challenge title Sunday despite shooting a one-over-par 73 in the final round. A record third-round 62 helped him to a 15-under total of 273 - two strokes less than it took Swede Robert K
Published 05 Dec, 2011 12:00am
Banks' contribution overstated, but retreat painful

Banks' contribution overstated, but retreat painful

Banks' contribution to the economy may be hugely overstated, underscoring anger about the scale of taxpayer rescues and resultant government cutbacks, but a sharp retreat of banking world-wide looks painful for all and needs calibrating.
Published 05 Dec, 2011 12:00am
Fraud hits a third of companies; cybercrime explodes

Fraud hits a third of companies; cybercrime explodes

More than one in three companies say that in 2011 they were victims of fraud, a report said on November 29, with reports of cybercrime targeting businesses around the world skyrocketing. About 34 percent of 3,877 businesses in 78 countries said they had b
Published 05 Dec, 2011 12:00am
Standard Chartered eyes spoils as rivals quit Asia

Standard Chartered eyes spoils as rivals quit Asia

Tough regulations will curb Standard Chartered Plc's profitability in the next two or three years but should help pave the way for "remarkable" medium-term growth as European rivals retreat from Asia, its finance boss told Reuters.
Published 05 Dec, 2011 12:00am
Petronas profit up 48.3 percent

Petronas profit up 48.3 percent

Malaysian state energy firm Petronas said on December 01 its second quarter profit increased 48.3 percent year-on-year due to higher realised prices of crude oil. Petronas said in a statement that its profit for the quarter ending September 30 was 15.97 b
Published 05 Dec, 2011 12:00am
Petronas profit up 48.3 percent

Petronas profit up 48.3 percent

Malaysian state energy firm Petronas said on December 01 its second quarter profit increased 48.3 percent year-on-year due to higher realised prices of crude oil. Petronas said in a statement that its profit for the quarter ending September 30 was 15.97 b
Published 05 Dec, 2011 12:00am
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