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Archive - 2011-12-11
BBC welcomes PM pledge to look into ban
Top News

BBC welcomes PM pledge to look into ban

LONDON: The BBC welcomed Sunday a promise prime minister Gilani made to investigate the blocking of the BBC World News c
Published 11 Dec, 2011 06:41pm
Shamsi air base vacated: PM
Top News

Shamsi air base vacated: PM

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani has said that the United States has vacated the Shamsi air base. He sai
Published 11 Dec, 2011 06:40pm
Call to make bankruptcy law feasible
Top News

Call to make bankruptcy law feasible

KARACHI: Chairman, Standing Committee on Communication FPCCI Muhammad Noman Saigal has said that strengthening the banki
Published 11 Dec, 2011 04:46pm
Swiss, US inch closer to tax-row deal
Top News

Swiss, US inch closer to tax-row deal

ZURICH: Swiss and US officials have met in recent days in Berne to try to end a long-running dispute over wealthy Americ
Published 11 Dec, 2011 03:28pm
PR overhauls engines to improve freight
Top News

PR overhauls engines to improve freight

ISLAMABAD: A massive overhauling of upto 100 Pakistan Railway engines is on cards to improve its freight service as the
Published 11 Dec, 2011 01:59pm
British public backs EU veto
Top News

British public backs EU veto

LONDON: British Prime Minister David Cameron won public approval on Sunday for his decision to veto a new EU treaty to s
Published 11 Dec, 2011 11:23am
Kabul shrine bomb death toll reaches 80
Top News

Kabul shrine bomb death toll reaches 80

KABUL: The death toll from a shrine bombing in Kabul on Tuesday which targeted Ashura gathering has reached 80, Afghan P
Published 11 Dec, 2011 07:52am
Medvedev orders election investigation
Top News

Medvedev orders election investigation

MOSCOW: Russian President Dmitry Medvedev on Sunday ordered an investigation into allegations of polling violations duri
Published 11 Dec, 2011 05:53am
New UN climate deal struck
Top News

New UN climate deal struck

DURBAN: Climate negotiators agreed a pact on Sunday that would for the first time force all the biggest polluters to tak
Published 11 Dec, 2011 05:45am
US vacates Shamsi airbase
Top News

US vacates Shamsi airbase

MONITORING DESK KARACHI: Frontier Corps has taken the control of Shamsi airbase, a private TV reported Saturday. A
Published 11 Dec, 2011 05:41am
Government contemplating allowing resumption of Nato supplies

Government contemplating allowing resumption of Nato supplies

The government in said to have decided, in principle, to allow Nato to resume its supplies to Afghanistan, it is learnt. However, it would never allow the US to conduct any unilateral military operation on Pakistan's territory.
Published 11 Dec, 2011 12:00am
Government contemplating allowing resumption of Nato supplies

Government contemplating allowing resumption of Nato supplies

The government in said to have decided, in principle, to allow Nato to resume its supplies to Afghanistan, it is learnt. However, it would never allow the US to conduct any unilateral military operation on Pakistan's territory.
Published 11 Dec, 2011 12:00am
US vacates Shamsi airbase

US vacates Shamsi airbase

Frontier Corps has taken the control of Shamsi airbase, a private TV reported Saturday. According to the channel, United States has shifted its drones and troops to Afghanistan. The Defence Ministry will take over the Airbase today (Sunday).
Published 11 Dec, 2011 12:00am
US vacates Shamsi airbase

US vacates Shamsi airbase

Frontier Corps has taken the control of Shamsi airbase, a private TV reported Saturday. According to the channel, United States has shifted its drones and troops to Afghanistan. The Defence Ministry will take over the Airbase today (Sunday).
Published 11 Dec, 2011 12:00am
Anti-gas loadshedding protest: big processions taken out in Faisalabad

Anti-gas loadshedding protest: big processions taken out in Faisalabad

Industrialists, textile exporters, industrial workers and civil society members here on Saturday, took out sizeable processions from six focal points of this industrial city to protest against drastically reduced gas supply as the closure of industrial un
Published 11 Dec, 2011 12:00am
Anti-gas loadshedding protest: big processions taken out in Faisalabad

Anti-gas loadshedding protest: big processions taken out in Faisalabad

Industrialists, textile exporters, industrial workers and civil society members here on Saturday, took out sizeable processions from six focal points of this industrial city to protest against drastically reduced gas supply as the closure of industrial un
Published 11 Dec, 2011 12:00am
Anti-gas loadshedding protest: big processions taken out in Faisalabad

Anti-gas loadshedding protest: big processions taken out in Faisalabad

Industrialists, textile exporters, industrial workers and civil society members here on Saturday, took out sizeable processions from six focal points of this industrial city to protest against drastically reduced gas supply as the closure of industrial un
Published 11 Dec, 2011 12:00am
Trade deficit widens to $2.17 billion

Trade deficit widens to $2.17 billion

The country's trade deficit widened to $2.17 billion in November, from $1.71 billion in October, according to the Federal Bureau of Statistics. The trade deficit was $1.4 billion in November last year, the official data released late on Friday showed.
Published 11 Dec, 2011 12:00am
Trade deficit widens to $2.17 billion

Trade deficit widens to $2.17 billion

The country's trade deficit widened to $2.17 billion in November, from $1.71 billion in October, according to the Federal Bureau of Statistics. The trade deficit was $1.4 billion in November last year, the official data released late on Friday showed.
Published 11 Dec, 2011 12:00am
Trade deficit widens to $2.17 billion

Trade deficit widens to $2.17 billion

The country''s trade deficit widened to $2.17 billion in November, from $1.71 billion in October, according to the Federal Bureau of Statistics. The trade deficit was $1.4 billion in November last year, the official data released late on Friday showed.
Published 11 Dec, 2011 12:00am
PRAL barred from providing taxpayers' data to AGP office

PRAL barred from providing taxpayers' data to AGP office

The Federal Board of Revenue (FBR) has barred the Pakistan Revenue Automation Limited (PRAL), the IT arm of the FBR, from directly providing taxpayer's electronic data to the Auditor General of Pakistan (AGP) to ensure confidentiality of taxpayers direct
Published 11 Dec, 2011 12:00am
PRAL barred from providing taxpayers' data to AGP office

PRAL barred from providing taxpayers' data to AGP office

The Federal Board of Revenue (FBR) has barred the Pakistan Revenue Automation Limited (PRAL), the IT arm of the FBR, from directly providing taxpayer's electronic data to the Auditor General of Pakistan (AGP) to ensure confidentiality of taxpayers direct
Published 11 Dec, 2011 12:00am
PRAL barred from providing taxpayers'' data to AGP office

PRAL barred from providing taxpayers'' data to AGP office

The Federal Board of Revenue (FBR) has barred the Pakistan Revenue Automation Limited (PRAL), the IT arm of the FBR, from directly providing taxpayer''s electronic data to the Auditor General of Pakistan (AGP) to ensure confidentiality of taxpayers direct
Published 11 Dec, 2011 12:00am
SECP issued 53 licenses to non-profit associations in fiscal year 2011

SECP issued 53 licenses to non-profit associations in fiscal year 2011

The Securities and Exchange Commission of Pakistan (SECP) has issued 53 licenses to non-profit associations from July 1, 2010 to June 30, 2011 as compared to 22 licenses issued during the year ending June 30, 2010. Sources told Business Recorder he
Published 11 Dec, 2011 12:00am
SECP issued 53 licenses to non-profit associations in fiscal year 2011

SECP issued 53 licenses to non-profit associations in fiscal year 2011

The Securities and Exchange Commission of Pakistan (SECP) has issued 53 licenses to non-profit associations from July 1, 2010 to June 30, 2011 as compared to 22 licenses issued during the year ending June 30, 2010. Sources told Business Recorder he
Published 11 Dec, 2011 12:00am
SECP issued 53 licenses to non-profit associations in fiscal year 2011

SECP issued 53 licenses to non-profit associations in fiscal year 2011

The Securities and Exchange Commission of Pakistan (SECP) has issued 53 licenses to non-profit associations from July 1, 2010 to June 30, 2011 as compared to 22 licenses issued during the year ending June 30, 2010. Sources told Business Recorder he
Published 11 Dec, 2011 12:00am
Credit risk remains key component of banks' profile: SBP

Credit risk remains key component of banks' profile: SBP

The State Bank of Pakistan (SBP) has warned that credit risk remains a key component in the risk profile of the banking sector, despite banks' recent preference to place bulk of their incremental funds in safer assets.
Published 11 Dec, 2011 12:00am
Credit risk remains key component of banks' profile: SBP

Credit risk remains key component of banks' profile: SBP

The State Bank of Pakistan (SBP) has warned that credit risk remains a key component in the risk profile of the banking sector, despite banks' recent preference to place bulk of their incremental funds in safer assets.
Published 11 Dec, 2011 12:00am
Credit risk remains key component of banks'' profile: SBP

Credit risk remains key component of banks'' profile: SBP

The State Bank of Pakistan (SBP) has warned that credit risk remains a key component in the risk profile of the banking sector, despite banks'' recent preference to place bulk of their incremental funds in safer assets.
Published 11 Dec, 2011 12:00am
Catalysts for peace: three women receive Nobel Prize

Catalysts for peace: three women receive Nobel Prize

Liberia's president, a fellow Liberian and a Yemeni activist received the Nobel Peace Prize in Oslo Saturday for showing how women facing war and oppression can shed the mantle of victimhood and lead the way to peace and democracy.
Published 11 Dec, 2011 12:00am
Catalysts for peace: three women receive Nobel Prize

Catalysts for peace: three women receive Nobel Prize

Liberia's president, a fellow Liberian and a Yemeni activist received the Nobel Peace Prize in Oslo Saturday for showing how women facing war and oppression can shed the mantle of victimhood and lead the way to peace and democracy.
Published 11 Dec, 2011 12:00am
Saudi Arabia to OK some foreign ownership of stocks

Saudi Arabia to OK some foreign ownership of stocks

Saudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stock's issued share capital, two industry sources said. Saudi Arab
Published 11 Dec, 2011 12:00am
Saudi Arabia to OK some foreign ownership of stocks

Saudi Arabia to OK some foreign ownership of stocks

Saudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stock's issued share capital, two industry sources said. Saudi Arab
Published 11 Dec, 2011 12:00am
Saudi Arabia to OK some foreign ownership of stocks

Saudi Arabia to OK some foreign ownership of stocks

Saudi Arabia''s plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stock''s issued share capital, two industry sources said. Saudi Ar
Published 11 Dec, 2011 12:00am
ZAB reference hearing from tomorrow

ZAB reference hearing from tomorrow

Chief Justice Iftikhar Muhammad Chaudhry-led eleven-member bench will resume hearing of ZAB reference from Monday (tomorrow). The CJP has constituted the bench on THE request of President Asif Ali Zardari who prayed for early hearing of the Reference as t
Published 11 Dec, 2011 12:00am
ZAB reference hearing from tomorrow

ZAB reference hearing from tomorrow

Chief Justice Iftikhar Muhammad Chaudhry-led eleven-member bench will resume hearing of ZAB reference from Monday (tomorrow). The CJP has constituted the bench on THE request of President Asif Ali Zardari who prayed for early hearing of the Reference as t
Published 11 Dec, 2011 12:00am
Nawaz vows to unveil Benazir's killers

Nawaz vows to unveil Benazir's killers

"I have today finished the 'no go area' of Larkana and the next 'no-go area' to end is in Karachi, said Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif while talking to media after he laid a floral wreath and offered Dua at the grave of PPP Chairp
Published 11 Dec, 2011 12:00am
Nawaz vows to unveil Benazir's killers

Nawaz vows to unveil Benazir's killers

"I have today finished the 'no go area' of Larkana and the next 'no-go area' to end is in Karachi, said Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif while talking to media after he laid a floral wreath and offered Dua at the grave of PPP Chairp
Published 11 Dec, 2011 12:00am
Russians stage mass protests against Putin, polls

Russians stage mass protests against Putin, polls

Tens of thousands of people took to the streets across Russia on Saturday to demand an end to Vladimir Putin's rule and a rerun of a parliamentary election in the biggest opposition protests since he rose to power more than a decade ago. Protesters waved
Published 11 Dec, 2011 12:00am
Russians stage mass protests against Putin, polls

Russians stage mass protests against Putin, polls

Tens of thousands of people took to the streets across Russia on Saturday to demand an end to Vladimir Putin's rule and a rerun of a parliamentary election in the biggest opposition protests since he rose to power more than a decade ago. Protesters waved
Published 11 Dec, 2011 12:00am
France faces spectre of downgrade

France faces spectre of downgrade

France faces the spectre of a downgrade of its AAA credit rating by not one but two notches after a heated EU summit considered a last chance to save the debt-struck eurozone. The Standard and Poor's ratings agency warned France, Germany and 13 other euro
Published 11 Dec, 2011 12:00am
France faces spectre of downgrade

France faces spectre of downgrade

France faces the spectre of a downgrade of its AAA credit rating by not one but two notches after a heated EU summit considered a last chance to save the debt-struck eurozone. The Standard and Poor's ratings agency warned France, Germany and 13 other euro
Published 11 Dec, 2011 12:00am
France faces spectre of downgrade

France faces spectre of downgrade

France faces the spectre of a downgrade of its AAA credit rating by not one but two notches after a heated EU summit considered a last chance to save the debt-struck eurozone. The Standard and Poor''s ratings agency warned France, Germany and 13 other eur
Published 11 Dec, 2011 12:00am
Former Senator Jhangir Jogezai passes away

Former Senator Jhangir Jogezai passes away

Former Senator and Pakistan Movement activist Nawabzada Jhangir Shah Jogezai after protracted illness passed away in Islamabad-bases hospital on Saturday. He was 80. Late Senator would be buried in his ancestral grave yard in Qila Saifullah on Sunday.
Published 11 Dec, 2011 12:00am
MQM has caused wave of awakening across country: Altaf

MQM has caused wave of awakening across country: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that the relentless struggle of his party has sent a wave of awakening across the country. He said this while talking to the officials and workers of MQM Multan Zone and various districts in the
Published 11 Dec, 2011 12:00am
Bollywood star Dev Anand cremated in London

Bollywood star Dev Anand cremated in London

More than 100 people have attended a funeral for Bollywood legend Dev Anand at a small chapel in London. Pallbearers also had to push their way through reporters and fans bearing tribute banners as Anand's casket was then taken to the Putney Vale Cremator
Published 11 Dec, 2011 12:00am
UK charges 2 men in scam targeting students

UK charges 2 men in scam targeting students

British police have charged two men over a 1 million pound (1.6 million) email scam targeting students in the UK Scotland Yard says Amos Mwangi, 25, and Damola Olatunji, 26, are charged with conspiracy to defraud and that Olatunji is also charged with pos
Published 11 Dec, 2011 12:00am
One killed, two injured in blast near Karachi University

One killed, two injured in blast near Karachi University

A blast from detonation of an improvised explosive device on University Road near Karachi University on Saturday killed a motorcyclist and injured two others in the remits of Mubina Town Police Station, police and eyewitness said.
Published 11 Dec, 2011 12:00am
One killed, two injured in blast near Karachi University

One killed, two injured in blast near Karachi University

A blast from detonation of an improvised explosive device on University Road near Karachi University on Saturday killed a motorcyclist and injured two others in the remits of Mubina Town Police Station, police and eyewitness said.
Published 11 Dec, 2011 12:00am
Industrialists to chalk out line of action: meeting tomorrow

Industrialists to chalk out line of action: meeting tomorrow

The Karachi Chamber of Commerce and Industry (KCCI) has called an emergency meeting of all industrial town associations of the city on Monday to discuss prevailing power crisis and Rs one billion Karachi Electric Supply Company's legal notice served on tw
Published 11 Dec, 2011 12:00am
Industrialists to chalk out line of action: meeting tomorrow

Industrialists to chalk out line of action: meeting tomorrow

The Karachi Chamber of Commerce and Industry (KCCI) has called an emergency meeting of all industrial town associations of the city on Monday to discuss prevailing power crisis and Rs one billion Karachi Electric Supply Company's legal notice served on tw
Published 11 Dec, 2011 12:00am
Industrialists to chalk out line of action: meeting tomorrow

Industrialists to chalk out line of action: meeting tomorrow

The Karachi Chamber of Commerce and Industry (KCCI) has called an emergency meeting of all industrial town associations of the city on Monday to discuss prevailing power crisis and Rs one billion Karachi Electric Supply Company''s legal notice served on t
Published 11 Dec, 2011 12:00am
Benazir murder trial: statements of eight more witnesses recorded

Benazir murder trial: statements of eight more witnesses recorded

An Anti-Terrorism Court in Rawalpindi on Saturday recorded statements of eight more prosecution witnesses in Shaheed Benazir Bhutto murder case. Judge of Anti-Terrorism Court-1 Shahid Rafiq later suspended the hearing of the case to December 17. The decis
Published 11 Dec, 2011 12:00am
Benazir murder trial: statements of eight more witnesses recorded

Benazir murder trial: statements of eight more witnesses recorded

An Anti-Terrorism Court in Rawalpindi on Saturday recorded statements of eight more prosecution witnesses in Shaheed Benazir Bhutto murder case. Judge of Anti-Terrorism Court-1 Shahid Rafiq later suspended the hearing of the case to December 17. The decis
Published 11 Dec, 2011 12:00am
TTP 'confirms' peace talks with government

TTP 'confirms' peace talks with government

A senior Taliban commander on Saturday confirmed peace talks with authorities in Bajaur. Maulvi Faqir Mohammad, deputy head of Tehreek-e-Taliban Pakistan (TTP), said the Taliban were negotiating with the help of local tribal elders in Bajaur. "These peace
Published 11 Dec, 2011 12:00am
TTP 'confirms' peace talks with government

TTP 'confirms' peace talks with government

A senior Taliban commander on Saturday confirmed peace talks with authorities in Bajaur. Maulvi Faqir Mohammad, deputy head of Tehreek-e-Taliban Pakistan (TTP), said the Taliban were negotiating with the help of local tribal elders in Bajaur. "These peace
Published 11 Dec, 2011 12:00am
14 dead as van crash sparks fire in Vehari

14 dead as van crash sparks fire in Vehari

At-least 14 persons including four children burnt to death as the CNG cylinder of a passenger van exploded after collision with a parked truck here on Saturday morning, police said. The accident occurred at Melsi Road near Sultanpur area. The incident occ
Published 11 Dec, 2011 12:00am
14 dead as van crash sparks fire in Vehari

14 dead as van crash sparks fire in Vehari

At-least 14 persons including four children burnt to death as the CNG cylinder of a passenger van exploded after collision with a parked truck here on Saturday morning, police said. The accident occurred at Melsi Road near Sultanpur area. The incident occ
Published 11 Dec, 2011 12:00am
Protection of life, property top priority: Punjab chief minister

Protection of life, property top priority: Punjab chief minister

Punjab Chief Minister, Shahbaz Sharif has said that maintenance of law and order and protection of life and property of the masses is the top priority of the government and all out resources are being utilised for this purpose.
Published 11 Dec, 2011 12:00am
Zardari feeling better

Zardari feeling better

President Asif Ali Zardari, who is in Dubai for medical tests and check-up, was making smooth progress, feeling better and his doctors are confident about his early recovery, a statement issued by the President House here on Saturday said quoting the Pres
Published 11 Dec, 2011 12:00am
Sixth Convocation of BNU held

Sixth Convocation of BNU held

The Sixth Convocation of Beaconhouse National University (BNU) held at BNU Tarogil Campus on Saturday. The convocation was presided over by the Governor Punjab and Chancellor of the university Sardar Muhammad Latif Khosa, Chairperson, BNU Board of Governo
Published 11 Dec, 2011 12:00am
CNG kits: PTA told to conduct extensive examination

CNG kits: PTA told to conduct extensive examination

Peshawar High Court has directed the government and Provincial Transport Authority (PTA) Government of Khyber-Pakhtunkhwa to carry out extensive examination of all those public transport vehicles in which CNG kits are used to ensure that these are of inte
Published 11 Dec, 2011 12:00am
OPD inaugurated at Ganga Ram hospital

OPD inaugurated at Ganga Ram hospital

Maryam Nawaz, daughter of Pakistan Muslim League-Nawaz Chief Nawaz Sharif on Saturday inaugurated Out Patient Department (OPD-Evening) at Ganga Ram Hospital. Talking to reporters she said the Punjab government was working for the welfare of the masses and
Published 11 Dec, 2011 12:00am
NOC issued for Livestock Complex

NOC issued for Livestock Complex

The Livestock Department Secretary on Saturday issued a no objection certificate (NOC) for construction of a Livestock Complex here in the city. A directive was issued for the provision of 24 kanals land for the project. After building the new complex, al
Published 11 Dec, 2011 12:00am
Punjab gas shedding reduced to three days

Punjab gas shedding reduced to three days

The Ministry of Petroleum on Saturday rescheduled the gas loadshedding for Punjab industries from four to three days, a private TV channel reported. An Aptma delegation held a meeting with minister for petroleum/official of the ministry of petroleum and a
Published 11 Dec, 2011 12:00am
Temperature falls to -10 degree centigrade in Qalat

Temperature falls to -10 degree centigrade in Qalat

Temperature in Qalat, Balochistan further fell to minus 10 degree centigrade, the lowest of the season in any part of the country, the met office said on Saturday. Weather is expected mainly cold and dry in most parts of the country in the next 24 hours,
Published 11 Dec, 2011 12:00am
Awareness programme for media on December 13

Awareness programme for media on December 13

With a view to raising awareness among media professionals about mental health issues, Department of Psychiatry Pakistan Institute of Medical Sciences (PIMS) in collaboration with Institute of Psychiatry, King's College London UK, is holding an awareness
Published 11 Dec, 2011 12:00am
Low gas pressure adds to domestic consumers' woes

Low gas pressure adds to domestic consumers' woes

Low gas pressure has created manifold problems for domestic consumers with the advent of winter in the twin cities of Rawalpindi/Islamabad. People from different walks of life talking to Business Recorder said that despite closure of CNG stations f
Published 11 Dec, 2011 12:00am
Hoti announces Rs 300 million uplift package for Bunner

Hoti announces Rs 300 million uplift package for Bunner

Khyber Pakhtunkhwa, Chief Minister, Ameer Haider Khan Hoti has renewed the pledged that the government is ready to negotiate with those who were lay down arms and shun path of violence, saying that the Pakhtuns paid a huge price in decades long so-called
Published 11 Dec, 2011 12:00am
Naveed meets Gilani

Naveed meets Gilani

Minister for Water and Power Syed Naveed Qamar on Saturday called on Prime Minister Syed Yousuf Raza Gilani and discussed the overall electricity demand and supply situation in the country.
Published 11 Dec, 2011 12:00am
Altaf condemns explosion near Karachi University

Altaf condemns explosion near Karachi University

Muttahida Qaumi Movement (MQM), chief Altaf Hussain has strongly condemned the bomb explosion near Karachi University (KU) and prayed for the health of the injured. He expressed his concerns over the incident and said that the elements behind it wanted to
Published 11 Dec, 2011 12:00am
Power supply to minister's house cut off

Power supply to minister's house cut off

Karachi Electric Supply Company has cut off electricity supply of Sindh Law Minister, Ayaz Soomro's house. KESC sources said it happened due to non-payment of bills. The minister owes Rs 170, 000 to the power company, they added. They said it has been sev
Published 11 Dec, 2011 12:00am
Three militants killed

Three militants killed

At least three militants were killed and one soldier sustained injuries during clashes in Kurram Agency on Saturday. According to the media reports, the militants attacked at the security forces in Murghan area in Kurram Agency injuring a soldier, while t
Published 11 Dec, 2011 12:00am
UoP lays foundation stone of Degree College for Boys

UoP lays foundation stone of Degree College for Boys

The University of Peshawar (UoP) on Saturday laid the foundation stone of the new building of University Degree College for Boys. The building would be completed at the cost of Rs 95 million in two years' period with provision of multi-art facilities.
Published 11 Dec, 2011 12:00am
Textile industry rejects 'false propaganda'

Textile industry rejects 'false propaganda'

The textile industry and exporters have rebutted the false and baseless propaganda by some vested interests, in the garb of agricultural sector, that fertiliser industry has priority over textile industry.
Published 11 Dec, 2011 12:00am
Nadra making e-cards to provide Zakat, Ushr to beneficiaries

Nadra making e-cards to provide Zakat, Ushr to beneficiaries

With the completion of e-system of Benazir-Muawinat-cards, NADRA would establish more than 100 outlets in order to disburse said cards in all over the province, Business Recorder learnt on Saturday. Sindh Zakat and Ushr department and National Data
Published 11 Dec, 2011 12:00am
Seminar held to discuss MFN status to India

Seminar held to discuss MFN status to India

Pakistan Agricultural Scientists' Forum (PAS-Forum) arranged a seminar to discuss the impact of granting Most Favoured Nation (MFN) status to India on Pakistan's agriculture here on Saturday.
Published 11 Dec, 2011 12:00am
Mumbai attack case: ATC adjourns hearing till December 17

Mumbai attack case: ATC adjourns hearing till December 17

An Anti-Terrorism Court on Saturday adjourned the hearing of Mumbai attack case till December 17, 2011. The notification had been issued for the formation of judicial commission for investigation into Mumbai attack. The court directed the counsels of the
Published 11 Dec, 2011 12:00am
Ibad for early completion of mass transit project

Ibad for early completion of mass transit project

Governor Sindh, Dr Ishratul Ibad Khan has urged early start on Mass Transit Schemes and result-oriented steps toward restoration of Karachi Circular Railway and Bus Rapid Transport to provide better commuting facilities to the citizens. He was addressing
Published 11 Dec, 2011 12:00am
Irrigation system must function effectively, Qaim tells engineers

Irrigation system must function effectively, Qaim tells engineers

Chief Minister Sindh Syed Qaim Ali Shah on Saturday presided over a meeting of Irrigation department in connection with draining out the rain water from various areas of Sindh. Syed Qaim Ali Shah directed that officials concerned, engineers and technical
Published 11 Dec, 2011 12:00am
Farmers advised to remove weeds from wheat crops

Farmers advised to remove weeds from wheat crops

Farmers are advised to remove weeds from their standing wheat crops to scale down a considerable loss in the yield, the met office said. The office in its 10-day farmers' advisory urged the growers to start using weedicides or remove the weeds manually. I
Published 11 Dec, 2011 12:00am
EoBI, Workers Fund: Punjab government considering moving Supreme Court

EoBI, Workers Fund: Punjab government considering moving Supreme Court

Punjab government is considering to move a petition in the Supreme Court of Pakistan to direct the authorities concerned to transfer assets of Employees Old Age Benefit Institution and Workers Welfare Fund to the provinces in line with 18th constitutional
Published 11 Dec, 2011 12:00am
Training workshop held for journalists

Training workshop held for journalists

White Ribbon Campaign Pakistan, in collaboration with the British High Commission organised a training workshop for journalists on the issues related to gender equity and equality in Pakistan, here on Saturday. It was the first module of a series of three
Published 11 Dec, 2011 12:00am
Pakistan picked as member of top UN scientific body

Pakistan picked as member of top UN scientific body

The UN General assembly has unanimously decided to appoint Pakistan as a permanent member of the UN Scientific Committee (UNSCEAR), a top international body dealing with nuclear radiation. A press release of Pakistan Mission to the UN said the 193-member
Published 11 Dec, 2011 12:00am
Home minister for completing on-going projects

Home minister for completing on-going projects

Sindh Home Minister, Manzoor Hussain Wassan, has called for accomplishing the near-completion projects halted owing to stoppage of funds. Chairing a meeting here on Saturday, he said that such projects should be completed on priority basis. The meeting wa
Published 11 Dec, 2011 12:00am
Sindh Ombudsman to visit KCCI

Sindh Ombudsman to visit KCCI

Provincial Ombudsman of Sindh Asad Ashraf Malik will visit Karachi Chamber of Commerce and Industry here on Monday next. This was announced by Karachi Chamber of Commerce and Industries (KCCI) here on Saturday.
Published 11 Dec, 2011 12:00am
PIA Hajj operation 2011 concludes

PIA Hajj operation 2011 concludes

PIA Hajj operation 2011 was completed by bringing back over 110,000 Hujjaj to Pakistan. This was stated by PIA spokesman, here on Saturday. PIA spokesman said that PIA was allotted an exclusive bay this year for processing its flights, which helped in the
Published 11 Dec, 2011 12:00am
CPSP holds 45th convocation

CPSP holds 45th convocation

The College of Physicians and Surgeons Pakistan (CPSP) organised its 45th annual convocation, here on Saturday. The degrees were awarded to 208 FCPS fellows, 60 MCPS and 5 DCPS. Justice Rana Bhagwanadas (Retd) awarded two gold medals to position holders.
Published 11 Dec, 2011 12:00am
983 awarded degrees at IoBM convocation

983 awarded degrees at IoBM convocation

As many as 983 students of the Institute of Business Management (IoBM) were awarded degrees at the convocation held at the institute's campus in Korangi Creek, here on Saturday. The convocation was well-attended by luminaries in education, business, media
Published 11 Dec, 2011 12:00am
Fertiliser models of nitrogen, phosphorus developed

Fertiliser models of nitrogen, phosphorus developed

Scientists of UAF and department of agriculture, Government of Punjab have marked a new chapter of success by introducing fertiliser models of nitrogen and phosphorus keeping in view soil analysis and type of crops in the district. This was revealed durin
Published 11 Dec, 2011 12:00am
Professor Talat Naseer appointed vice chancellor of UVAS

Professor Talat Naseer appointed vice chancellor of UVAS

The Punjab Government on Saturday notified appointment of Professor Talat Naseer Pasha as Vice Chancellor University of Veterinary and Animal Sciences (UVAS), Lahore for a term of four years with immediate effect.
Published 11 Dec, 2011 12:00am
Dasu hydel project to produce 4320 megawatts power

Dasu hydel project to produce 4320 megawatts power

Dasu Hydropower Project, a low cost power plant, will contribute 4320 mw of electricity to the national grid and thus benefit the national economy with about Rs 191.7 billion. This was stated by a five-member team of Consultants of the project in a presen
Published 11 Dec, 2011 12:00am
767 gangs of criminals busted

767 gangs of criminals busted

Police have exterminated 767 criminal gangs involved in heinous crimes, and arrested 3100 criminals, whereas 4882 cases have been traced against them and recovered stolen property worth more then rupees 448 million during the 11 months of current year. Mo
Published 11 Dec, 2011 12:00am
Two PML-N ticket holders join PTI

Two PML-N ticket holders join PTI

Two ticket holders of the Pakistan Muslim League-Nawaz (PML-N), Colonel (Retd) Rafaqat from Vehari and Dr Major (Retd) Iqbal Cheema, from Sialkot along with their companions joined the Pakistan Tehreek-e-Insaf (PTI) on Saturday. They made the announcement
Published 11 Dec, 2011 12:00am
Transfers, postings

Transfers, postings

The Lahore High Court (LHC) Chief Justice here on Saturday made transfer and posting among two Additional District and Sessions Judges (AD&SJ) and a civil judge. According to a notification, AD&SJ Arshad Mahmood has been transferred from Gojra to Sarai Al
Published 11 Dec, 2011 12:00am
Sabzazar Housing Scheme plots auction on December 15

Sabzazar Housing Scheme plots auction on December 15

Auction of four commercial as well as 32 residential plots of Sabzazar Housing Scheme will be held on December 15, where as 26 commercial plots, situated in various housing schemes of Lahore Development Authority (LDA) will be auctioned on December 19 by
Published 11 Dec, 2011 12:00am
Comprehensive security arrangements during Christmas

Comprehensive security arrangements during Christmas

Comprehensive security and administrative arrangements would be made by the district administration in connection with the celebration of Christmas in a peaceful manner. This was stated by DCO Naseem Sadiq while presiding over a joint meeting of district
Published 11 Dec, 2011 12:00am
LHC reinstates woman civil judge

LHC reinstates woman civil judge

A Lahore High Court subordinate judiciary service tribunal has reinstated a woman civil judge, the services of whom were terminated for not submitting asset details. LHC Administration Committee had terminated Saira Naureen from service along with two oth
Published 11 Dec, 2011 12:00am
Reduced gas supply adding to textile sector's woes

Reduced gas supply adding to textile sector's woes

Textile industry in Punjab is crying for gas supply to keep operations intact and save jobs to millions of workers and foreign exchange for the country. The SNGPL has cut supply off for four days a week, an increase of one day in earlier arrangement of th
Published 11 Dec, 2011 12:00am
PCGA defers protest

PCGA defers protest

Keeping in view the country's political and economic conditions, the Pakistan Cotton Ginners Association (PCGA) has postponed its protest drive for ten days, and the next decision would be taken in the meeting of central executive committee on December 20
Published 11 Dec, 2011 12:00am
International Human Rights Day observed

International Human Rights Day observed

Civil Society members and leaders of NGOs have urged government to review foreign policy towards USA, keeping in view the national interest of Pakistan. They are addressing the participants of the jointly staged rally titled "Human Rights for All" to mark
Published 11 Dec, 2011 12:00am
Essential items: big rise in prices puts more burden on consumers

Essential items: big rise in prices puts more burden on consumers

The prices of major essential items including liquefied petroleum gas (LPG), eggs, milk powder, firewood, tomatoes and wheat flour registered increase during last week as compared to the preceding week, according to a survey conducted by Business Recor
Published 11 Dec, 2011 12:00am
'Save Peshawar' campaign begins tomorrow

'Save Peshawar' campaign begins tomorrow

Jamiat Ulema Islam (JUI-F) will launch a 'Save Peshawar' campaign on Monday (tomorrow) in the provincial metropolis to create awareness and increase contact with the people in the district, said JUI-F Ameer, district Peshawar Qari Rafiq while speaking at
Published 11 Dec, 2011 12:00am
IDPs plan to stage sit-in protest

IDPs plan to stage sit-in protest

Shah Faisal Afridi, Chairman Tehrik Mutaassireen, a movement of Internally Displaced Persons of Bara, Khyber agency on Saturday announced to stage a sit-in outside the Political Agent Office and vowed that they will continue protest campaign till acceptan
Published 11 Dec, 2011 12:00am
Christian employees to get salaries before December 20

Christian employees to get salaries before December 20

The Christian employees of Post Graduate Medical Institute (PGMI) will get their salaries for month of December, 2011 before 20th of current month so that they could celebrate Christmas with fervour and enthusiasm. This was informed by Principal Post Grad
Published 11 Dec, 2011 12:00am
PTA conducts QoS survey of 'IR' facility

PTA conducts QoS survey of 'IR' facility

Regulators actively monitor quality of service (QoS) of operators to safeguard consumers' interests. Pakistan Telecom Authority (PTA) also regularly conducts QoS survey of different services offered by its licensees, but it is pertinent to mention here th
Published 11 Dec, 2011 12:00am
Senior civil judge dismissed from service

Senior civil judge dismissed from service

Lahore High Court administration committee has dismissed a senior civil judge Muhammad Hamid Khan from service. It has issued final show cause notices to civil judges Muhammad Aslam Dhariwal and Jawad Alam Qureshi.
Published 11 Dec, 2011 12:00am
Energy crisis continues unabated

Energy crisis continues unabated

The energy crisis is continuing unabated. The government continues to lay the blame for the demand-supply gap on Musharraf era's flawed policies that failed to undertake projects required to meet the shortfall. Long-term projects, government ministers are
Published 11 Dec, 2011 12:00am
Thanking the Taliban

Thanking the Taliban

With the sort of turmoil in Pakistan and the grave security risks, it was a relief to the entire country when Youm-e-Ashura passed without any major incident of terrorism. However, this led to our often comical interior minister passing yet another statem
Published 11 Dec, 2011 12:00am
Eat meat, eat trees: climate activists bustle in Durban

Eat meat, eat trees: climate activists bustle in Durban

If you care about the planet, you'll stop eating meat. That's the message of a group of young South Koreans who rise early every morning to make 4,000 vegetarian sandwiches and give them away for free. The UN climate talks in this Indian Ocean port city h
Published 11 Dec, 2011 12:00am
Questioning for the sake of questioning

Questioning for the sake of questioning

In my view, as an aftermath of the decision of the government to not attend the Bonn Conference, we are now witnessing a replay of the same media reaction as was evident in the aftermath of the army action on Lal Masjid back in 2007. The very same media a
Published 11 Dec, 2011 12:00am
US Treasury eases sanctions on South Sudan

US Treasury eases sanctions on South Sudan

The United States is easing sanctions on South Sudan to allow investment in the newly independent nation's oil sector, the Treasury Department's Office of Foreign Assets Control (OFAC) said. OFAC issued two general licenses to implement the policy change,
Published 11 Dec, 2011 12:00am
Canadian man indicted in Iraq suicide bombing

Canadian man indicted in Iraq suicide bombing

A Canadian citizen was indicted on Friday for aiding in a 2009 suicide-bomb attack that prosectors say killed five US soldiers near an American military base in Iraq. Faruq Khalil Muhammed 'Isa, 38, who is an Iraqi national, was arrested and detained in C
Published 11 Dec, 2011 12:00am
Plane crashes into Philippines slum, 13 dead

Plane crashes into Philippines slum, 13 dead

A light aircraft crashed into a crowded slum near Manila's international airport on Saturday, killing 13 people, including three children. Three people were unaccounted for and about 10 others were injured after the twin-engine, four-seater plane crashed
Published 11 Dec, 2011 12:00am
Radioactive water leaked at second Japan plant

Radioactive water leaked at second Japan plant

A Japanese nuclear plant leaked 1.8 tonnes of radioactive water from its cooling system, the government said, heightening safety worries as an atomic crisis continues at another plant. The leak, discovered Friday, caused no environmental impact as it was
Published 11 Dec, 2011 12:00am
China's Huawei to scale back Iran operations

China's Huawei to scale back Iran operations

Huawei Technologies, China's biggest telecoms equipment manufacturer, said it would not pursue new business in Iran after a US-based watchdog said that authorities in Tehran were using the firm's equipment to track dissidents. It said in a statement poste
Published 11 Dec, 2011 12:00am
Seven killed in Iraq attacks

Seven killed in Iraq attacks

A spate of gun and bomb attacks across northern and central Iraq on Saturday killed seven people and left four others wounded, security officials said. In the disputed northern city of Kirkuk, a Shia Turkman chemicals specialist for the state-owned North
Published 11 Dec, 2011 12:00am
Argentina's President Kirchner sworn in for second term

Argentina's President Kirchner sworn in for second term

Argentine President Cristina Kirchner was sworn in Saturday to a second four-year term at the peak of her popularity but with the country's booming economy shadowed by Europe's financial crisis. The 58-year-old took the oath of office, invoking her late h
Published 11 Dec, 2011 12:00am
12 killed in Syria on Human Rights Day

12 killed in Syria on Human Rights Day

World powers piled pressure on Syria to let in observers as activists reported at least 12 civilians killed by security forces on Saturday's anniversary of International Human Rights Day. "The world celebrates human rights as human rights are being violat
Published 11 Dec, 2011 12:00am
23 killed in 3 bus crashes in China

23 killed in 3 bus crashes in China

Three bus crashes in China have left at least 23 people dead and 48 others injured or missing, state media reported. The official Xinhua News Agency said 12 people were killed and five were missing after their bus plunged into a river in Tibet. The driver
Published 11 Dec, 2011 12:00am
Karzai will not seek third term

Karzai will not seek third term

Afghan President Hamid Karzai is not secretly planning to change the country's constitution to seek a third term in power, his spokesman insisted on Saturday. Recent media reports, citing a document set out by Germany's foreign intelligence service, said
Published 11 Dec, 2011 12:00am
Bicycle bomb kills two in Afghanistan

Bicycle bomb kills two in Afghanistan

A bicycle bomb killed at least two people, including a member of Afghanistan's peace council, and left 16 wounded when it exploded in the north of the country Saturday, an official said. The remotely controlled bomb was detonated in Kunduz city and target
Published 11 Dec, 2011 12:00am
Libyan rulers ready to forgive Qadhafi fighters

Libyan rulers ready to forgive Qadhafi fighters

Libya's new rulers said on Saturday they are ready to forgive the forces of slain dictator Muammar Qadhafi who battled rebels trying to topple his autocratic regime during the brutal revolution. "In Libya we are able to absorb all. Libya is for all," the
Published 11 Dec, 2011 12:00am
Yemen's unity government sworn in

Yemen's unity government sworn in

Yemen's new unity government, formed to try and avert civil war, met for the first time on Saturday, hours after a soldier was killed in continuing violence between supporters and opponents of outgoing president Ali Abdullah Saleh. State news agency Saba
Published 11 Dec, 2011 12:00am
Four dead in US small plane crash

Four dead in US small plane crash

A small plane leaving a regional airport nose-dived into the ground Friday and burst into flames so powerful that there was never a chance the four people trapped inside could survive, officials said. Witnesses described a bloody and charred scene near Si
Published 11 Dec, 2011 12:00am
South Africa battles to save UN climate talks

South Africa battles to save UN climate talks

Ministers fought to save UN climate talks from collapse on Saturday, searching to narrow differences between rich and poor nations over how quickly to fight global warming. Ministerial negotiations in the South African port city of Durban were put off unt
Published 11 Dec, 2011 12:00am
Spain face Australia in Champions Trophy final

Spain face Australia in Champions Trophy final

Spain defeated the Netherlands 3-1 on Saturday to set up a hockey Champions Trophy final showdown with defending champions Australia, who downed hosts New Zealand 2-1. In the bottom half of the eight-nation tournament, Germany crushed Pakistan 5-0 to leav
Published 11 Dec, 2011 12:00am
Review system for Pakistan, England Tests

Review system for Pakistan, England Tests

Pakistan's cricket board said on Saturday the umpiring Decision Review System (DRS) will be used in the three-Test series against England in the United Arab Emirates next month. Pakistan Cricket Board (PCB) spokesman Nadeem Sarwar told AFP sponsorship had
Published 11 Dec, 2011 12:00am
Kiwis build lead

Kiwis build lead

New Zealand led Australia by 153 runs after day two of the fast-moving second Test on Saturday, aiming to build a decisive second innings lead after blasting the hosts out for just 136. A total of 23 wickets have fallen in two days on a drying greentop wi
Published 11 Dec, 2011 12:00am
World Series Hockey: Two Pakistani players arrive in Bangalore

World Series Hockey: Two Pakistani players arrive in Bangalore

Amid reports that multimillion dollar World Series Hockey could be postponed, two Pakistan players - full back Zeeshan Ashraf and half back Adnan Maqsood - arrived Saturday in Bangalore to join the camp of their franchise outfit, Karnataka Lions, Press Tr
Published 11 Dec, 2011 12:00am
First Lahore Veteran Champions Cricket tournament begins

First Lahore Veteran Champions Cricket tournament begins

The first Lahore Veteran Champion Cricket Trophy was started here at Model Town Ali Garh Cricket ground on Saturday. As many as 8 teams are participating in the event. In the opening match, Textile Tigers won by 9 wickets. Batting first, Golden Eagles sco
Published 11 Dec, 2011 12:00am
Hafeez, Younis put Pakistan in command

Hafeez, Younis put Pakistan in command

Opener Mohammad Hafeez cracked a career-best 143 and Younis Khan an impressive 96 not out on Saturday to put Pakistan in a commanding position in the opening Test against Bangladesh. Hafeez hit 14 fours in his fourth Test hundred as Pakistan posted 415-4
Published 11 Dec, 2011 12:00am
Premier League managers criticise FA after Rooney appeal

Premier League managers criticise FA after Rooney appeal

Harry Redknapp and David Moyes became the latest Premier League managers to round on the English FA on Friday in the aftermath of their appeal against Wayne Rooney's Euro 2012 ban. Redknapp said the FA's stance had "opened up a can of worms" while Moyes d
Published 11 Dec, 2011 12:00am
Donald on brink of unique double

Donald on brink of unique double

The local billboards call the Dubai World Championship the 'greatest show on Earth' and Luke Donald did his best to justify that tag with a faultless six-under-par 66 in Saturday's third round. The world number one's performance means he now stands on the
Published 11 Dec, 2011 12:00am
Turkey approves reduced penalties for fixing

Turkey approves reduced penalties for fixing

Turkey's Parliament approved a sharp reduction in prison terms for match-fixing and hooliganism early Saturday, a move that will lead to lighter sentences for any suspects found guilty in a recent match-fixing scandal. The Parliament voted for the new red
Published 11 Dec, 2011 12:00am
FIFA dismissed Japan radiation in Club World Cup

FIFA dismissed Japan radiation in Club World Cup

FIFA president Sepp Blatter said Saturday that the football organisation had dismissed fears about radiation when choosing quake-striken Japan as the host of this year's Club World Cup. "There were some voices saying how can you play in a country that has
Published 11 Dec, 2011 12:00am
Investors halve yuan bets, turn bullish on won

Investors halve yuan bets, turn bullish on won

Investors nearly halved positions in the Chinese yuan in the last two weeks, to their lowest level in more than a year, while they turned slightly bullish on the South Korean won, a Reuters poll showed on Thursday. The survey of 10 currency analysts, cond
Published 11 Dec, 2011 12:00am
African currencies outlook

African currencies outlook

East Africa's shillings are likely to firm next week, continuing their bounce from record lows against the dollar over the last few months, as monetary tightening takes effect and dollar-consuming businesses wind down towards the end of the year.
Published 11 Dec, 2011 12:00am
Speculators reverse and bet against US dollar

Speculators reverse and bet against US dollar

Currency speculators reversed sentiment and bet against the US dollar for the first time since the period ending September 6, according to data from the Commodity Futures Trading Commission released on Friday and Reuters calculations. The value of the dol
Published 11 Dec, 2011 12:00am
Swiss franc gains versus euro

Swiss franc gains versus euro

The Swiss franc rose against the euro on Friday, with the single currency broadly weaker as hopes dimmed European Union leaders at a summit would come up with a credible borrowing scheme to deal with the bloc's debt crisis. European leaders failed to reac
Published 11 Dec, 2011 12:00am
Euro rises but debt worries stay; Fed looms

Euro rises but debt worries stay; Fed looms

The euro edged higher against the dollar Friday but sentiment remained shaky after an agreement by nearly all European Union leaders to build a closer fiscal union failed to allay concerns about the region's debt crisis. Developments in Europe's debt mark
Published 11 Dec, 2011 12:00am
Key Euribor rates fall sharply after ECB rate cut

Key Euribor rates fall sharply after ECB rate cut

Key euro zone bank-to-bank lending rates fell sharply on Friday a day after the European Central Bank cut interest rates back to a record low of 1 percent and announced new measures to help ailing banks. Interbank lending markets - usually the starting po
Published 11 Dec, 2011 12:00am
Canadian dollar strengthens slightly on EU deal

Canadian dollar strengthens slightly on EU deal

The Canadian dollar crept up against its US counterpart on Friday, benefiting from better risk sentiment after European Union leaders reached an historic agreement to build a closer fiscal union with stricter budget discipline in the euro zone. Global sto
Published 11 Dec, 2011 12:00am
Latam currencies rebound

Latam currencies rebound

Mexico's peso and Brazil's real firmed on Friday after strong US consumer confidence data and news China could step up foreign investments, but jitters about Europe's debt crisis could limit further gains. Latin American currencies mostly tracked a reboun
Published 11 Dec, 2011 12:00am
Yen to weaken slightly in 2012

Yen to weaken slightly in 2012

The Japanese yen will remain firm against the dollar in the next few months but then weaken gradually in 2012 as domestic firms start investing overseas and the US economic recovery gathers steam, a Reuters poll showed on December 8.
Published 11 Dec, 2011 12:00am
Wall Street rallies

Wall Street rallies

US stocks rallied Friday, finishing the week higher after European Union leaders agreed on a plan to toughen the region's budget rules to help restore market confidence after a two-year sovereign debt crisis. The agreement went some way to address the str
Published 11 Dec, 2011 12:00am
Japanese bonds rise

Japanese bonds rise

Japanese government bond prices rose and the benchmark yield hit a two-week low on Friday as hopes dimmed that a European Union summit would make substantial progress towards containing the region's debt crisis, dragging down equities and lifting demand f
Published 11 Dec, 2011 12:00am
Japanese bonds rise

Japanese bonds rise

Japanese government bond prices rose and the benchmark yield hit a two-week low on Friday as hopes dimmed that a European Union summit would make substantial progress towards containing the region's debt crisis, dragging down equities and lifting demand f
Published 11 Dec, 2011 12:00am
Turkish shares up

Turkish shares up

Turkish shares rose on Friday as investors were cheered by a deal among nearly all EU leaders to build a closer fiscal union while the lira hit its weakest level since November 30 as worries on the economic outlook continued to weigh. Attention was focuse
Published 11 Dec, 2011 12:00am
Indian 10-year bond yield falls

Indian 10-year bond yield falls

India's benchmark 10-year bond yield dropped for the fourth straight week on Friday as a slowdown in the economy and signs of easing inflation strengthened expectations the central bank will start focusing on supporting growth sooner than expected.
Published 11 Dec, 2011 12:00am
Indian 10-year bond yield falls

Indian 10-year bond yield falls

India's benchmark 10-year bond yield dropped for the fourth straight week on Friday as a slowdown in the economy and signs of easing inflation strengthened expectations the central bank will start focusing on supporting growth sooner than expected.
Published 11 Dec, 2011 12:00am
Treasuries fall

Treasuries fall

US Treasuries prices fell on Friday and long bonds dropped over two points, as investors prepared for a heavy new issuance scheduled for the next week and a half. An agreement in Europe to a draft of a new treaty for deeper economic integration also dampe
Published 11 Dec, 2011 12:00am
Treasuries fall

Treasuries fall

US Treasuries prices fell on Friday and long bonds dropped over two points, as investors prepared for a heavy new issuance scheduled for the next week and a half. An agreement in Europe to a draft of a new treaty for deeper economic integration also dampe
Published 11 Dec, 2011 12:00am
EU deal spurs TSX rally

EU deal spurs TSX rally

Canadian stocks climbed on Friday on optimism that European Union leaders were moving to address the region's debt crisis by agreeing on measures aimed at enforcing stricter budget discipline among member nations. Energy shares on the Toronto Stock Exchan
Published 11 Dec, 2011 12:00am
Latam stocks up

Latam stocks up

Latin American stocks gained on Friday after a historic European Union agreement on fiscal integration lifted markets but failed to produce deeper optimism the measures would resolve the debt crisis. The MSCI Latin American stock index gained 1.29 percent
Published 11 Dec, 2011 12:00am
PZU to boost corporate debt share

PZU to boost corporate debt share

Eastern Europe's No 1 insurer PZU is considering corporate bonds, with a keen eye on the Polish energy sector, as a way of limiting its portfolio's reliance on treasuries and equity, PZU's head of investment said. Chief Investment Officer Ryszard Trepczyn
Published 11 Dec, 2011 12:00am
PZU to boost corporate debt share

PZU to boost corporate debt share

Eastern Europe's No 1 insurer PZU is considering corporate bonds, with a keen eye on the Polish energy sector, as a way of limiting its portfolio's reliance on treasuries and equity, PZU's head of investment said. Chief Investment Officer Ryszard Trepczyn
Published 11 Dec, 2011 12:00am
Broker Haitong delays as Hong Kong IPOs aim low

Broker Haitong delays as Hong Kong IPOs aim low

China's second-largest publicly traded brokerage delayed pricing its up to $1.7 billion Hong Kong listing, spooked by falling stock markets, underlining shaky confidence in new issues as other firms price low to get their share offerings away.
Published 11 Dec, 2011 12:00am
Deutsche Boerse against sale of Liffe, Eurex

Deutsche Boerse against sale of Liffe, Eurex

Deutsche Boerse AG will not sell its derivatives arm Eurex or NYSE Euronext's Liffe arm to meet anti-trust concerns about their $9 billion deal, Chief Executive Reto Francioni told two German newspapers. "If a condition for the approval would be to sell o
Published 11 Dec, 2011 12:00am
Sri Lankan shares dip

Sri Lankan shares dip

Sri Lanka's stock market ended weaker on Friday with volume and turnover slumping to the lowest in almost a month, as investors awaited the first moves by the new head of the Securities and Exchange Commission (SEC). The island nation's main share index c
Published 11 Dec, 2011 12:00am
US tax fight heads toward expected deal: aides

US tax fight heads toward expected deal: aides

Democratic and Republican lawmakers skirmished on Friday over plans to extend a payroll tax cut seen as crucial to a fragile US economic recovery, but aides predicted a last-minute deal. While independent economists say extending the tax cut would boost t
Published 11 Dec, 2011 12:00am
Olympus ousted CEO to visit Japan, seeks new board

Olympus ousted CEO to visit Japan, seeks new board

Olympus Corp's ousted CEO, Michael Woodford, flies to Japan on Tuesday to press on with a battle to win back his job, as media reported that prosecutors plan to raid the homes of suspects in a $1.7 billion accounting fraud at the camera maker. Woodford wa
Published 11 Dec, 2011 12:00am
China to adopt IMF reforms 'as appropriate': central bank

China to adopt IMF reforms 'as appropriate': central bank

The head of China's central bank says the country will implement changes to its financial system suggested by the International Monetary Fund "as appropriate", the Washington-based lender said. People's Bank of China (PBOC) governor Zhou Xiaochuan told a
Published 11 Dec, 2011 12:00am
China's exports, imports weaken

China's exports, imports weaken

China's exports slowed in November on slack demand in the US and European markets, as its overall trade surplus plunged 35 percent from a year earlier to $14.5 billion. Customs data released Saturday show exports rose 13.8 percent to $174.5 billion, a dec
Published 11 Dec, 2011 12:00am
Indonesia threatens to cut BlackBerry data service

Indonesia threatens to cut BlackBerry data service

Indonesia has threatened to cut data services used by millions of BlackBerry customers, the industry body said Saturday, in an ongoing spat over infrastructure and government access to information. The industry regulator said it would block internet servi
Published 11 Dec, 2011 12:00am
General Motors, BMW to cooperate on fuel cells

General Motors, BMW to cooperate on fuel cells

BMW and General Motors plan to join forces on the development of fuel cell technology, German weekly business magazine Wirtschaftswoche reported, citing industry sources. Talks between the two companies are highly advanced, the magazine said on Saturday,
Published 11 Dec, 2011 12:00am
Iran sees crude market 'relatively balanced'

Iran sees crude market 'relatively balanced'

Iran's Opec governor said on Saturday the oil market was "relatively balanced", indicating the country will not push for any major shift in an Opec ministerial meeting next week. "The market is relatively balanced and my feeling is there is a general sent
Published 11 Dec, 2011 12:00am
US economic fix will 'take time': Obama

US economic fix will 'take time': Obama

Despite some recent signs the sluggish US economy might be improving, President Barack Obama warns it could be years before the country is on a sound footing. In excerpts from an interview with CBS' "60 Minutes" program that will air on Sunday, Obama was
Published 11 Dec, 2011 12:00am
Court affirms 50-year sentence for Ponzi schemer

Court affirms 50-year sentence for Ponzi schemer

A Minnesota businessman sentenced to 50 years in prison for running a $3.7 billion Ponzi scheme lost his bid to overturn his conviction on Friday. Thomas Petters argued that the trial court violated his constitutional rights by preventing him from conduct
Published 11 Dec, 2011 12:00am
Lockheed in $4 billion US F-35 fighter deal

Lockheed in $4 billion US F-35 fighter deal

Lockheed Martin Corp is being awarded a $4 billion fixed-price US Navy contract for 30 F-35 Joint Strike Fighter aircraft, the fifth batch of low-rate initial production, the Defence Department said on Friday. The deal would provide 21 conventional models
Published 11 Dec, 2011 12:00am
Euro in a 'better' place after treaty: UK's Osborne

Euro in a 'better' place after treaty: UK's Osborne

British Finance Minister George Osborne said on Saturday that eurozone countries had supported their currency by agreeing to draft a new treaty for deeper economic integration, but much work still needed to be done to stabilise it. Osborne also reiterated
Published 11 Dec, 2011 12:00am
Peaceful arrests as police clear Occupy Boston camp

Peaceful arrests as police clear Occupy Boston camp

Police arrested dozens of people early Saturday as they cleared away the remaining Occupy Boston encampment in the city's financial district in a mostly peaceful action. Authorities, including more than 100 police officers, swept into the area before sunr
Published 11 Dec, 2011 12:00am
Citigroup, UBS accused of rate manipulation in Japan

Citigroup, UBS accused of rate manipulation in Japan

Japan's securities watchdog has urged that the Japanese arms of Citigroup and US be penalised for trying to manipulate the short-term interest rates for interbank trading. Former staff members at UBS Securities Japan and Citigroup Global Markets Japan had
Published 11 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 115,791 tonnes of cargo comprising 84,207 tonnes of import cargo and 31,584 tonnes of export cargo including 5,052 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 84,207 to
Published 11 Dec, 2011 12:00am
Canadian canola futures dip

Canadian canola futures dip

ICE Canadian canola futures dipped on Friday after a US crops report projected bigger soyabean and grain ending stocks than expected, but canola was on course for its first weekly gain in three weeks, traders said. US wheat, soya stocks climb due to big w
Published 11 Dec, 2011 12:00am
US corn futures up

US corn futures up

US corn futures inched up on Friday as strong demand for US exports outweighed concerns about future economic growth after European Union leaders agreed on tighter fiscal rules. EU leaders agreed stricter budget rules for the euro zone on Friday, but fail
Published 11 Dec, 2011 12:00am
US Plains HRW wheat bids firmer

US Plains HRW wheat bids firmer

Basis bids for hard red winter wheat in the US Plains were steady to firmer on Friday and some dealers were posting as much as 20 cents a bushel protection as grain markets were seen sliding on a bearish USDA supply report. Protection ranged from 10-20 ce
Published 11 Dec, 2011 12:00am
Some rates change in modest trade on grain market

Some rates change in modest trade on grain market

Modest trading activity was seen on the wholesale grain market on Saturday in the absence of fresh buying interest by the leading participants, dealers said. On the cereal side wheat old and new both inched up by Rs 5 to Rs 2685-2700, respectively, other
Published 11 Dec, 2011 12:00am
Sugar output in key Indian state may miss target

Sugar output in key Indian state may miss target

Sugar production in Maharashtra state is likely to miss a target of 9.3 million tonnes forecast in August by the government as cane yields are lower than expected, industry officials said, which could hit India's surplus available for exports.
Published 11 Dec, 2011 12:00am
British top-end jewellers move into Chinese market

British top-end jewellers move into Chinese market

Britain's luxury jewellers are opening outlets in China, where demand for jewellery is set to grow while appetite wanes in western markets. Royal jeweller Garrard became the latest in a string of British brands to open an outlet in the Lane Crawford depar
Published 11 Dec, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was higher and the January contract was unchanged on the forward cottonseed oilcake market on Friday in process of trading, dealers said. The December contract that had ended at Rs 1304.80 opened with a gain of 30 paisa at Rs 1305.10. T
Published 11 Dec, 2011 12:00am
IN SHORT: coffee consumption to rise steadily

IN SHORT: coffee consumption to rise steadily

Global coffee consumption is expected to rise steadily next year despite the economic slowdown to match the 2.5 percent annual average growth seen in the past decade, a senior industry executive said on Thursday. "Consumption is going to be very well desp
Published 11 Dec, 2011 12:00am
IN SHORT: Tullow sees Ghana oil at target

IN SHORT: Tullow sees Ghana oil at target

British oil firm Tullow Oil said on Thursday it hoped production from its Jubilee oil field in Ghana would reach 120,000 barrels per day by "early next year", narrowing the possible timing of a target delayed twice already. The offshore field started pump
Published 11 Dec, 2011 12:00am
IN SHORT: Brazil's fine coffee exports climbing fast

IN SHORT: Brazil's fine coffee exports climbing fast

Brazil's exports of fine coffees will rise to almost one third of arabica shipments in 2011, the exporter association said on Monday, reflecting the higher profits to be made from producing superior beans.Shipments of specialty coffees will reach 7 millio
Published 11 Dec, 2011 12:00am
IN SHORT: Dry weather darkens cocoa outlook in west Ivory Coast

IN SHORT: Dry weather darkens cocoa outlook in west Ivory Coast

Continued hot and dry weather in western Ivory Coast, a key cocoa growing region, heightened worries among farmers that supply could drop off starting early next year.Ivory Coast is the world's top cocoa producer, accounting for more than a third of globa
Published 11 Dec, 2011 12:00am
IN SHORT: India sugar output up

IN SHORT: India sugar output up

India's sugar output rose 22.2 percent in the first two months of the new season from October despite crushing delays in its top producing state, a leading industry body said on Monday, boosting the chances of more sugar exports by the government.Last mon
Published 11 Dec, 2011 12:00am
Commodities mostly fall in volatile trade amid EU summit

Commodities mostly fall in volatile trade amid EU summit

Commodity prices mostly fell last week in volatile deals as traders digested an EU summit that had been aimed at resolving the eurozone sovereign debt crisis once and for all. European Union leaders banded together at a Brussels summit on Friday to back t
Published 11 Dec, 2011 12:00am
US gold rises; posts weekly loss on uncertain Europe

US gold rises; posts weekly loss on uncertain Europe

Gold rose on Friday following the previous day's tumble, swept higher in an equities rally as EU leaders agreed to push for a deeper economic integration and as US consumer sentiment hit a six-month high. The precious metal, however, notched its third wee
Published 11 Dec, 2011 12:00am
Thai rice exporters seek cheaper sources to fill contracts

Thai rice exporters seek cheaper sources to fill contracts

High domestic prices have forced exporters in Thailand to seek at least 50,000 tonnes of cheaper rice from Indian and Pakistani origins to deliver to clients, exporters said on Wednesday.Thailand is the world's biggest rice exporter but that status is in
Published 11 Dec, 2011 12:00am
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