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Archive - 2011-12-29
Sri Lanka in sight of victory
Cricket

Sri Lanka in sight of victory

DURBAN: Sri Lanka moved within sight of an historic win as South Africa lost five wickets between lunch and tea on the f
Published 29 Dec, 2011 03:59pm
Oil falls below $107
Energy

Oil falls below $107

LONDON: Oil dropped below $107 a barrel on Thursday as a stronger dollar and a rise in US jobless claims countered Irani
Published 29 Dec, 2011 03:52pm
Chile joblessness eases
Top News

Chile joblessness eases

SANTIAGO: Chile's jobless rate eased slightly in the September to November period while industrial output in November ro
Published 29 Dec, 2011 03:07pm
Govt concentrates on uplift projects
Top News

Govt concentrates on uplift projects

PESHAWAR : Chief Minister Khyber-Pakhtunkhwa Ameer Haider Khan Hoti said that government was paying full attention to th
Published 29 Dec, 2011 02:18pm
ISE-10 index gains 6.75 points
Markets

ISE-10 index gains 6.75 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index gained 6.75 points to
Published 29 Dec, 2011 01:50pm
Forex improves to $16.769bn
Top News

Forex improves to $16.769bn

KARACHI: Pakistan's liquid foreign reserves improved by $ 111 million to $ 16.769 billion on December 23, 2011, on acco
Published 29 Dec, 2011 09:44am
US jobless claims rise
Top News

US jobless claims rise

WASHINGTON: New claims for US unemployment benefits increased for the first time in four weeks, the Labor Department sai
Published 29 Dec, 2011 09:38am
KSE mid day update
Top News

KSE mid day update

RECORDER REPORT KARACHI: On Thursday, until 12:30 P.M., KSE-100 Index value was at 11,370.55 with a net positive chan
Published 29 Dec, 2011 07:05am
Euro falls sharply in Asia
Financial

Euro falls sharply in Asia

TOKYO: The euro fell sharply against major currencies in thin Asian trade Thursday after it hit a 10-year low against th
Published 29 Dec, 2011 04:29am
Crude mixed in Asia
Energy

Crude mixed in Asia

SINGAPORE: Oil was mixed in Asian trade Thursday following an unexpected gain in US crude inventories, analysts said. N
Published 29 Dec, 2011 04:26am
Myanmar warehouse blast kills 17
Asia

Myanmar warehouse blast kills 17

YANGON: A large pre-dawn explosion at a warehouse in Myanmar's biggest city Yangon on Thursday killed at least 17 people
Published 29 Dec, 2011 04:14am
Yet another year without reforms
BR Research

Yet another year without reforms

Much as previous years, this year, too, the government remained fixated on fiscal stabilisation, and ignored the cries for reforms. This is
Published 29 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 28, 2011).

Published 29 Dec, 2011 12:00am
Nawaz-Fazl meeting on the cards

Nawaz-Fazl meeting on the cards

Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif is all set to meet political leaders, including Chief of JUI (F) Maulana Fazl-ur-Rehman, Jamaat-e-Islami leaders Syed Munawwar Hasan and Liaquat Balouch and other leaders of like-minded part
Published 29 Dec, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (December 28, 2011).

Published 29 Dec, 2011 12:00am
HGOs to face the music for violation of agreement: Ministry

HGOs to face the music for violation of agreement: Ministry

The Ministry Of Religious Affairs would take stern action against Private Hajj Group Organisers (HGOs), who allegedly showed serious negligence in providing facilities to pilgrims and violated their agreements during Hajj-2011. This was stated by the spok
Published 29 Dec, 2011 12:00am
Prime Minister urges USF to enhance equitable services to all

Prime Minister urges USF to enhance equitable services to all

Prime Minister Syed Yousuf Raza Gilani as the Chairman of the Board of Universal Service Fund (USF) presided over the 26th meeting of Board of Directors of Universal Service Fund, which was held here on Wednesday.
Published 29 Dec, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 28, 2011).

Published 29 Dec, 2011 12:00am
'Global CEO Excellence Awards' on January 13

'Global CEO Excellence Awards' on January 13

The Global Media Links (GML) and Business Milestones have announced the event of 'Global CEO Excellence Awards 2011' on January 13, in Karachi. According to a statement issued here on Wednesday, the ceremony was being organised to admire the business and
Published 29 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (December 28, 2011) and for Thursday (December 29, 2011).
Published 29 Dec, 2011 12:00am
Interesting times

Interesting times

President Zardari's moves have never been easy to figure out; so is his speech he made at the graveside of Benazir Bhutto before a large crowd that had gathered there to grieve her fourth death anniversary. To some, it is the last hurrah of a man who has
Published 29 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 28, 2011).

Published 29 Dec, 2011 12:00am
Hunarmand scheme versus job opportunities

Hunarmand scheme versus job opportunities

Syed Ahmed Mujtaba Gilani, the brother of Prime Minister Yousuf Raza Gilani, revealed that more than 150,000 youths have been trained under the PM's Hunarmand Pakistan programme and are now part of the country's human resource pool. Few would challenge th
Published 29 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 28, 2011).

Published 29 Dec, 2011 12:00am
VIEWPOINT: No need to cry foul

VIEWPOINT: No need to cry foul

The roar with which Prime Minister Gilani delivered his 'state within as state speech' in the National Assembly last Thursday and earlier the same day during an address at a school where he alleged that "intrigues and conspiracies" were being hatched to "
Published 29 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (December 28, 2011) and the forecast for Thursday (December 29, 2011).

Published 29 Dec, 2011 12:00am
Refund of EOBI and social security to textile industry

Refund of EOBI and social security to textile industry

The Ministry of Textile Industry (Mintex), has announced a textile policy 2009-2014 which includes reimbursement of Employees Old Age benefits and Social Security Contribution for women and handicapped workers to textile industries, realising the importan
Published 29 Dec, 2011 12:00am
Gas loadshedding in Sindh

Gas loadshedding in Sindh

The people of Sindh are surprised to note the PPP government in a flagrant violation of the Constitution and decision of Sindh High Court, is frequently observing gas loadshedding in Sindh. The Sindh High Court has already clarified the first right on uti
Published 29 Dec, 2011 12:00am
Nuclear arsenal meant for deterrence, says Kaira

Nuclear arsenal meant for deterrence, says Kaira

Information Secretary Pakistan Peoples Party's Qamar Zaman Kaira on Wednesday said Pakistan's nuclear arsenal was meant for deterrence and not for belligerence against any country. He made it clear when it would come to defend the country, those weapons w
Published 29 Dec, 2011 12:00am
Sindh University notification

Sindh University notification

The Director Admissions, University of Sindh, has notified the second merit list of Masters Degree programme and posted on University's website at www.usindh.edu.pk.
Published 29 Dec, 2011 12:00am
Steve Blakeman, Chief Executive OMD Asia Pacific visits Pakistan

Steve Blakeman, Chief Executive OMD Asia Pacific visits Pakistan

OMD World-wide, one of the largest and most innovative Media Buying & Planning specialists in the world, serves most successful and well-known global brands, with more than 140 offices in 80 countries. Steve Blakeman the Chief Executive of OMD for Asia Pa
Published 29 Dec, 2011 12:00am
Prime Minister to pay three-day visit to Multan begining today

Prime Minister to pay three-day visit to Multan begining today

Prime Minister Syed Yousuf Raza Gilani will pay a three-day visit to city from Thursday (today). Prime Minister Gilani will reach here by his special plane on Thursday. On December 30, he would inaugurate Yousuf Raza Gilani fly-over (Double Phatak fly-ove
Published 29 Dec, 2011 12:00am
Suspension of CNG supply: trade activities slump by 60 percent

Suspension of CNG supply: trade activities slump by 60 percent

Trade activities on Wednesday slumped by 60 percent due to the weekly suspension of CNG supply in the metropolis. Dull business activities were observed during a visit to different markets in the downtown as a small number of buyers were able to reach mar
Published 29 Dec, 2011 12:00am
NPC election: Prime Minister felicitates Journalist Panel on victory

NPC election: Prime Minister felicitates Journalist Panel on victory

Prime Minister Syed Yusuf Raza Gilani on Wednesday felicitated the Journalist Panel on winning the election of National Press Club. The Prime Minister in a message congratulated President Farooq Faisal Khan and other office bearers of the Journalist Panel
Published 29 Dec, 2011 12:00am
KSE member directors' election today

KSE member directors' election today

The Karachi Stock Exchange (KSE) members will elect on Thursday five member-directors on the KSE board for the term of 2012. All arrangements have been done for holding annual elections at the KSE main trading hall. Seven candidates are contesting electio
Published 29 Dec, 2011 12:00am
FOCUS Pakistan organises seminar on climate change

FOCUS Pakistan organises seminar on climate change

Focus Humanitarian Assistance (FOCUS) Pakistan, an affiliate of the Aga Khan Development Network, organised a seminar on 'Climate Change and its Impact', where academics and practitioners shared their views and learning about the trend of temperature rise
Published 29 Dec, 2011 12:00am
Karachi University notification

Karachi University notification

University of Karachi's Director Admissions has announced that all those candidates of BS degree courses (Morning Programme) who have not been able to submit their admission fee, are allowed to deposit their fee on Saturday, 31st December, 2011 at the Cou
Published 29 Dec, 2011 12:00am
Royal Palm Golf Club: NAB board okays probe into illegal lease of land

Royal Palm Golf Club: NAB board okays probe into illegal lease of land

The Executive Board of NAB authorised investigation into mega case regarding illegal leasing of land to the Royal palm Golf Club in Lahore and also directed to ascertain the loss caused to the state in this case. The decision was taken in the Board meetin
Published 29 Dec, 2011 12:00am
PTI's rally in Balochistan: preparations well underway

PTI's rally in Balochistan: preparations well underway

After putting up a successful show of street power in Lahore and Karachi, preparations are in full swing for Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan's grand rally in Balochistan on March 23. During his public rally in Karachi on December 25, Khan
Published 29 Dec, 2011 12:00am
SHC disposes of contempt application against SSGC

SHC disposes of contempt application against SSGC

A division bench of Sindh High Court (SHC) after assurance of implementation of the court's order disposed of contempt application against Sui Southern Gas Company (SSGC) here on Wednesday. In the contempt application, moved by All Pakistan CNG Associatio
Published 29 Dec, 2011 12:00am
'PTI gaining popularity in Khyber Pakhtunkhwa'

'PTI gaining popularity in Khyber Pakhtunkhwa'

Former PTI provincial president, Asad Qaisar on Wednesday said the Karachi public gathering was proof that the people wanted real change in the country. Speaking at news conference, here at Peshawar Press Club, he said that people had great trust in the l
Published 29 Dec, 2011 12:00am
Waseela-e-Haq training workshop concludes

Waseela-e-Haq training workshop concludes

The 10-day Waseela-e-Haq training workshop under the aegis of Benazir Income Support Programme (BISP), which was attended by as many as 24 selected through balloting under BISP Waseela-e-Haq programme, successfully concluded in Karachi, says a press relea
Published 29 Dec, 2011 12:00am
Two girls killed in road accident

Two girls killed in road accident

Two minor cotton picking girls were tragically killed in a tractor-trolley accident here on Wednesday. According to police, a tractor trolley, carrying about 50 cotton-picking women, overturned killing Abida (15) r/o Chak 231 WB and Misbah (13) r/o Chak 2
Published 29 Dec, 2011 12:00am
120 get training under RAHA's EU-funded programme

120 get training under RAHA's EU-funded programme

Refugees Affected and Hosting Areas (RAHA) Programme in Khyber Pakhtunkhwa, has imparted training to 120 persons in different skills under the European Union-funded programme. Under the programme, unemployed youth, including women, were selected for diffe
Published 29 Dec, 2011 12:00am
US eager to improve ties: Embassy spokesman

US eager to improve ties: Embassy spokesman

Despite setback to US, Pakistan relations following last month's Nato air-strike, Washington is eager to improve bilateral co-operation and co-ordination. "The United States is committed to the bilateral relationship with Pakistan", said US Embassy spokes
Published 29 Dec, 2011 12:00am
SMS service for voters' verification from February

SMS service for voters' verification from February

Election Commission of Pakistan (ECP) and National Database and Registration Authority (Nadra) have agreed to initiate SMS service for voters' verification from February for which an MoU has also been singed with Telecom sector. The people can check their
Published 29 Dec, 2011 12:00am
Demonstration held against power loadshedding

Demonstration held against power loadshedding

The people of Gilgit, Skardu, and Chilas protested against the prolonged power loadshedding, which is irking the life of the common man. The large number of masses came out on the streets here while demonstrating and chanted slogans against the Wapda. The
Published 29 Dec, 2011 12:00am
Terror bid foiled; suicide bomber among six alleged terrorists held

Terror bid foiled; suicide bomber among six alleged terrorists held

Islamabad Police on Wednesday foiled a terror bid and apprehended six suspected terrorists including a suicide bomber in Shehzad town police station jurisdiction. Inspector General Islamabad Bin Yameen, while addressing a press conference said that Crimin
Published 29 Dec, 2011 12:00am
Imported urea: farmers criticise lopsided policy of government

Imported urea: farmers criticise lopsided policy of government

Farmers from all over Punjab have strongly criticised the lopsided policy of the government about imported urea and claimed that the subsidy being given on it from the national exchequer is not going to the farmers but to the black marketers.
Published 29 Dec, 2011 12:00am
Seven suspected militants killed in Orakzai

Seven suspected militants killed in Orakzai

Security forces bombed the militant's hideouts on Wednesday, in Upper Orakzai Agency, killing seven suspected militants, said in a media report. According to the details, the heavy shelling was carried out in Mamozai, Khadizai and Chapar kali areas of Ora
Published 29 Dec, 2011 12:00am
Soaring prices of essential items made urban people more vulnerable

Soaring prices of essential items made urban people more vulnerable

Pakistan is self-sufficient in food stocks with supplies of kitchen items assured either through domestic production, yet soaring prices are making foodstuffs unaffordable for millions of urban people, especially labour and salaried classes.
Published 29 Dec, 2011 12:00am
Smeda launches businesses support programme

Smeda launches businesses support programme

The Small and Medium Enterprises Development Authority (Smeda) has launched a program on 'Supporting Pro-poor Governance for Legal Empowerment (Pro-GOLE) for Marginalised Businesses'. A good number of representatives from the small business associations a
Published 29 Dec, 2011 12:00am
Infertility treatment: TAMC announces results of latest IVF batch

Infertility treatment: TAMC announces results of latest IVF batch

Tanwir Ahmed Medical Centre (TAMC), Lahore's premiere facility for assisted reproductive technology has announced the results of its latest In Vitro Fertilisation (IVF) treatment batch. The latest batch of IVF treatments at TAMC showed a 50 percent fertil
Published 29 Dec, 2011 12:00am
Protest demonstrations held against gas Loadshedding

Protest demonstrations held against gas Loadshedding

Hundreds of textile workers came out on streets and held protest demonstrations against severe gas load shedding at Khurrianwala Industrial Estate, here Wednesday. They chanted anti-government slogans and burnt the effigies of the rulers and tyers in fron
Published 29 Dec, 2011 12:00am
Government providing all possible assistance to industrialists: minister

Government providing all possible assistance to industrialists: minister

Provincial Minister for Labour Haji Ehsaan-ud-Din Qureshi has said that industry is the backbone of our economy and provincial government is providing all possible assistance to the industrialists so that the industrial set up could be flourished. He dire
Published 29 Dec, 2011 12:00am
10,000 illegal gas connections disconnected

10,000 illegal gas connections disconnected

A task force of Sui Northern Gas Pipelines Limited (SNGPL) disconnected 10,000 illegal domestic and commercial gas connections in a grand operation in more than 20 localities of Jhang Road, here on Wednesday.
Published 29 Dec, 2011 12:00am
Terminated ad-hoc pharmacists: LHC summons record from PPSC

Terminated ad-hoc pharmacists: LHC summons record from PPSC

The Lahore High Court on Wednesday summoned record of examination and interview record of terminated ad-hoc pharmacists from Punjab Public Service Commission (PPSC) till January 31 next. Earlier, the petitioners' counsel argued that the chief minister ter
Published 29 Dec, 2011 12:00am
Flood victims: Punjab government distributes keys of model houses

Flood victims: Punjab government distributes keys of model houses

The Punjab government has on Wednesday distributed keys of 204 model houses among the flood-hit victims at Rajanpur and Mianwali. Advisor to Chief Minister Punjab Zakiya Shahnawaz and Member Provincial Assembly Sardar Atif Mizari handed over the keys of m
Published 29 Dec, 2011 12:00am
Government urged to act quickly to overcome gas, power crises

Government urged to act quickly to overcome gas, power crises

The government should take measures on war footing to overcome acute gas and electricity crisis, or get ready to face unprecedented protest demonstrations by millions of industrial workers whose jobs are at stake due to discriminatory behaviour of the fed
Published 29 Dec, 2011 12:00am
Third South Asian International conference held

Third South Asian International conference held

The 3rd South Asian International Conference (SAICON) with the theme International Conference on Management, Business Ethics and Economics (ICMBEE) was organised by COMSTAS Institute of Information Technology, here on Wednesday. Deputy Chairman Planning C
Published 29 Dec, 2011 12:00am
UHS to establish institute of research excellence

UHS to establish institute of research excellence

With a view to revolutionising the basic medical sciences' research, the University of Health Sciences (UHS) is all set to establish a state-of-the-art Institute of Research Excellence at Kala Shah Kaku campus of the university for which the Punjab govern
Published 29 Dec, 2011 12:00am
Need to overhaul education department stressed

Need to overhaul education department stressed

One day media workshop on child rights was held under the auspicious district Social Welfare Department at a local hotel here. Speakers of the workshop criticised the provincial government for ignoring education sector as a result, of which the dropout of
Published 29 Dec, 2011 12:00am
Prolonged power cuts: protests continue against LESCO

Prolonged power cuts: protests continue against LESCO

Protests against the Lahore Electric Supply Company (LESCO) continued for the third consecutive day in the city. The resident of walled city took out processions against prolonged power cuts. They were chanting slogans against the government and LESCO.
Published 29 Dec, 2011 12:00am
PHMA organises seminar on EOBI rules

PHMA organises seminar on EOBI rules

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) organised a seminar with a view to acquaint the members with the rules and act of Employees' Old Age Benefits Institution (EOBI). According to information made available by the association, t
Published 29 Dec, 2011 12:00am
SEPA issues notices to 91 hospitals

SEPA issues notices to 91 hospitals

Sindh Environmental Protection Agency (SEPA) has issued notices to 91 private and public hospitals of Karachi for submitting of their waste management plans, Business Recorder learnt on Wednesday. Waste of Karachi's hospitals is big issue of the ci
Published 29 Dec, 2011 12:00am
Kyoto Protocol of UN Lucky Cement qualifies for Carbon Credits

Kyoto Protocol of UN Lucky Cement qualifies for Carbon Credits

Through its Waste Heat Recovery (WHR) Project, a power generation unit that does not require any external fed fuel to operate and uses the wasted heat from the system as its fuel, Lucky Cement has managed to substantially reduce carbon emissions.
Published 29 Dec, 2011 12:00am
Pak-US scientist visits SSUET

Pak-US scientist visits SSUET

The establishment of Sir Syed University of Engineering and Technology (SSUET) is an achievement of the Aligarh Muslim University Old Boys Association (AMUOBA) which was made possible by its President and Chancellor SSUET, Z.A. Nizami. This was stated by
Published 29 Dec, 2011 12:00am
Infant burnt alive; over 30 huts gutted

Infant burnt alive; over 30 huts gutted

An infant on Wednesday burnt alive when fire broke out in shanty down located in Sharea Faisal police limits, burning over 30 huts to ashes. According to police and fire brigade officials, the fire that mysteriously broke out in a shanty town located at G
Published 29 Dec, 2011 12:00am
Seven persons arrested: weapons, cash seized

Seven persons arrested: weapons, cash seized

Sindh police on Wednesday claimed to have arrested seven persons and recovered weapons and foreign currency from their possession in the limits of Frere police station. According to Frere SHO Ishaq Lashari, raids were conducted on a tipoff that a gang inv
Published 29 Dec, 2011 12:00am
AIML declares interim dividend distribution for funds

AIML declares interim dividend distribution for funds

Askari Investment Management Limited (AIML) has declared interim dividend distribution for the unit holders of Askari Sovereign Cash Fund (ASCF) and Askari Islamic Income Fund (AIIF) for the year ending June 30, 2012.
Published 29 Dec, 2011 12:00am
AIML declares interim dividend distribution for funds

AIML declares interim dividend distribution for funds

Askari Investment Management Limited (AIML) has declared interim dividend distribution for the unit holders of Askari Sovereign Cash Fund (ASCF) and Askari Islamic Income Fund (AIIF) for the year ending June 30, 2012.
Published 29 Dec, 2011 12:00am
Trading in shares of two listed companies suspended

Trading in shares of two listed companies suspended

The Karachi Stock Exchange (KSE) has suspended trading in shares of two listed companies - S S Oil Mills and Sakrand Sugar Mills - for the period of sixty days with effect from December 30, 2011 to initiate the process of re-verification of share certific
Published 29 Dec, 2011 12:00am
Speakers highlight importance of social dialogue

Speakers highlight importance of social dialogue

Speakers at a seminar underlined the significance of social dialogue terming it an essential tool for advancing equality in the world of work. They were of the view that social dialogue was the most suitable tool for promoting better working conditions an
Published 29 Dec, 2011 12:00am
Two killed in city

Two killed in city

At least two persons were killed in separate incidents at various parts of the metropolis on Wednesday. According to police and rescue sources, an old man was shot dead at Rufi Bara Market Sohrab Goth in the limits of Sacchal police station. The incident
Published 29 Dec, 2011 12:00am
Balochistan Assembly seeks arrest of Qamar's killers

Balochistan Assembly seeks arrest of Qamar's killers

The legislators of the Balochistan Assembly session on Wednesday passed a resolution demanding of the Sindh government to arrest killers of Jamiat Ulema-i-Islam (JUI) leader's son Hafiz Ahmed Qamar. The assembly session started with Deputy Speaker Syed Ma
Published 29 Dec, 2011 12:00am
BIEK notifies results

BIEK notifies results

The Controller Board of Intermediate Education Karachi (BIEK) Imran Khan Chishti announced the results of HSC Part-I Humanities (private) here on Wednesday. According to results gazette, 5,475 candidates were registered, out of which 5,144 appeared in the
Published 29 Dec, 2011 12:00am
Sindh University notification

Sindh University notification

The Dean Faculty of Islamic Studies, University of Sindh, has announced on Wednesday the interview of candidates of M.Phil Islamic Culture will be conducted on Thursday (today) at 9.30 am at the Office of the Dean located at the Faculty of Arts Building.
Published 29 Dec, 2011 12:00am
US MIDDAY: gold down two percent

US MIDDAY: gold down two percent

Gold fell 2 percent to a three-month low on Wednesday, hit by a dollar rally against the euro, a technical sell-off and losses in US equity and commodity markets. Bullion is now on track to end the year with its smallest gain in three years.
Published 29 Dec, 2011 12:00am
US MIDDAY: corn jumps

US MIDDAY: corn jumps

US corn futures advanced on Wednesday for an eighth straight session, notching a fresh six-week peak as dryness trimmed crop prospects in Argentina, the world's second largest corn exporter after the United States. Wheat also posted an eighth consecutive
Published 29 Dec, 2011 12:00am
Gold dips in Europe

Gold dips in Europe

Gold dipped on Wednesday, tracking industrial metals, on concerns about the prospects for global economic growth next year, but the precious metal came off earlier lows after a strong Italian debt sale eased stress in European markets. Spot gold was down
Published 29 Dec, 2011 12:00am
Gold down in Asia

Gold down in Asia

Gold edged lower on Wednesday, tracking falls in industrial metals and equities, as concerns about global economic growth weighed on market sentiment amid thin year-end trading volumes. Spot gold edged down 0.3 percent to $1,587.70 an ounce by 0724 GMT, o
Published 29 Dec, 2011 12:00am
Gold falls in New York

Gold falls in New York

Gold fell in light holiday trade on Tuesday as technical weakness, options-related selling and a lack of fresh economic news failed to stimulate buying interest in the final week of the year. Selling related to the expiration of US January gold options, w
Published 29 Dec, 2011 12:00am
Sugar rise stalls

Sugar rise stalls

Raw sugar futures slid Wednesday as investors took profits after prices reached a three-week top, while London robusta values recovered from a two-month low as the softs complex put in a mixed performance ahead of the New Year holiday. "We don't anticipat
Published 29 Dec, 2011 12:00am
Palm oil rises

Palm oil rises

Malaysian crude palm oil futures climbed to a near five-week high on Wednesday as dry weather in South America sparked concerns about lower soybean yields, potentially tightening soyoil supplies. Despite the rise, prices of the tropical oil are still on c
Published 29 Dec, 2011 12:00am
Soya at six-week peak

Soya at six-week peak

US soya rose 3 percent to a six-week peak on Tuesday while corn climbed more than 2 percent and into positive territory for 2011 as dry weather and outlooks for heat in South America threatened each crop. "The weather outlook is not favourable. There is s
Published 29 Dec, 2011 12:00am
Tokyo rubber futures tick higher

Tokyo rubber futures tick higher

Tokyo rubber futures edged higher on Wednesday as speculators bought in anticipation of a drop in supply in coming weeks during the dry season, but gains were limited by thin trading ahead of year-end holidays, dealers said. The benchmark rubber contract
Published 29 Dec, 2011 12:00am
New York cotton settles at three-week high

New York cotton settles at three-week high

Cotton futures ended Wednesday at a three-week high on investor buying in a heavily beaten down market and in anticipation lower prices would lead to lower cotton plantings in the US and other countries in 2012, analysts said. The key March cotton futures
Published 29 Dec, 2011 12:00am
Oil falls on dollar's rise, Wall Street pullback

Oil falls on dollar's rise, Wall Street pullback

Oil prices fell on Wednesday, after six straight higher finishes, as the euro weakened against the dollar and US equities on Wall Street pulled back from their recent rally. The euro fell to an 11-month low against the US dollar after support from a drop
Published 29 Dec, 2011 12:00am
Copper declines

Copper declines

Copper slipped on Wednesday in thin trade as worries about the eurozone debt crisis resurfaced ahead of a debt auction in Italy and as concerns over an economic slowdown in top metals consumer China clouded demand growth prospects. A report showing US hou
Published 29 Dec, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded March copper contract on the Shanghai Futures Exchange inched up 0.22 percent to 55,170 yuan ($8,700) a tonne on Wednesday. Copper is among the worst performing commodities this year, as concern that global growth will slow prompted some i
Published 29 Dec, 2011 12:00am
Tata Textile Mills Limited

Tata Textile Mills Limited

INTRODUCTION: Tata Textile Mills Limited was incorporated in Pakistan by TATA Group in 1987 as a public limited Company and is listed on Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacturing and sale of yarn. Th
Published 29 Dec, 2011 12:00am
Tata Textile Mills Limited

Tata Textile Mills Limited

INTRODUCTION: Tata Textile Mills Limited was incorporated in Pakistan by TATA Group in 1987 as a public limited Company and is listed on Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacturing and sale of yarn. Th
Published 29 Dec, 2011 12:00am
Hooliganism on New Year eve: CCPO Lahore warns of strict action

Hooliganism on New Year eve: CCPO Lahore warns of strict action

Capital City Police Officer (CCPO), Ahmad Raza Tahir has said strict action will be taken against those people who transgress the law by getting involved in drinking, aerial firing, rush driving, aggressive racing and hooliganism on New Year eve.
Published 29 Dec, 2011 12:00am
Punjab Assembly approves LG (2nd Amendment) Bill

Punjab Assembly approves LG (2nd Amendment) Bill

Punjab Assembly on Wednesday passed Punjab Local Government (Second Amendment) Bill. The bill was moved by Law Minister Rana Sanaullah in the house. Earlier, the Bill was referred to Standing Committee on Local Government and Rural Development on December
Published 29 Dec, 2011 12:00am
Chairman Aptma rejects government intervention to cotton trade

Chairman Aptma rejects government intervention to cotton trade

Chairman All Pakistan Textile Mills Association (Aptma), Mohsin Aziz, has rejected any government intervention to the free market mechanism of cotton trade, manoeuvred by a strong lobby of ginners and cotton hoarders in the name of cotton farmers.
Published 29 Dec, 2011 12:00am
Mubarak returns to court in landmark trial

Mubarak returns to court in landmark trial

Egyptian President Hosni Mubarak, charged with the killing of protesters and abuse of power, was wheeled into court on a hospital trolley on Wednesday as his trial resumed after a delay of almost two months while lawyers demanded a new judge.
Published 29 Dec, 2011 12:00am
Allawi says Iraq headed for 'sectarian autocracy'

Allawi says Iraq headed for 'sectarian autocracy'

The head of the Sunni-backed Iraqiya political bloc said Iraq "stands on the brink of disaster" and issued a list of demands on Wednesday in a political crisis triggered by charges against a Sunni leader. Iraqiya leader Iyad Allawi, in an editorial for th
Published 29 Dec, 2011 12:00am
Israel plans tourism centre, homes in east Jerusalem

Israel plans tourism centre, homes in east Jerusalem

Israel on Wednesday approved plans for a large tourism complex in the heart of Arab east Jerusalem and another 130 homes for Jews elsewhere in the Holy City's annexed eastern sector, an official said.
Published 29 Dec, 2011 12:00am
Argentine president diagnosed with thyroid cancer

Argentine president diagnosed with thyroid cancer

Argentine President Cristina Fernandez has thyroid cancer and will undergo surgery next month, her government said on Tuesday, adding that the cancerous cells had not spread. Fernandez, 58, was easily elected to a second four-year term in October, vowing
Published 29 Dec, 2011 12:00am
Youth to lead drop in US voter turnout in 2012

Youth to lead drop in US voter turnout in 2012

Voter turnout will likely drop substantially in the 2012 US presidential election, due in part to decreased interest among young people who flocked to the polls in 2008 to help elect President Barack Obama.
Published 29 Dec, 2011 12:00am
China slams Railways Ministry over deadly crash

China slams Railways Ministry over deadly crash

China's cabinet criticised the powerful Railways Ministry on Wednesday for lax safety standards and poor handling of a deadly crash in July which killed 40 people, and said there may be criminal prosecutions. The government has struggled to address public
Published 29 Dec, 2011 12:00am
Clerics clash in Church of the Nativity

Clerics clash in Church of the Nativity

A Christmas cleaning of the Church of the Nativity turned into scuffles on Wednesday between rival Christian clerics zealously guarding denominational turf at the holy site. Brooms and fists flew inside the church marking the birthplace of Jesus as some 1
Published 29 Dec, 2011 12:00am
French women to sue surgeons over faulty breast implants

French women to sue surgeons over faulty breast implants

A lawyer representing four French women who received breast implants feared to be at risk of rupturing said Wednesday they would be suing the manufacturer and their surgeons. Laurent Gaudon said he would file the suit next week at a court in the southern
Published 29 Dec, 2011 12:00am
Snow, tears mark funeral for North Korean leader

Snow, tears mark funeral for North Korean leader

The world watched anxiously on Wednesday as North Korea staged a huge funeral in the capital, Pyongyang, for former leader Kim Jong-il, searching for signs of what to expect from the isolated nation that may be close to attaining nuclear weapons capacity.
Published 29 Dec, 2011 12:00am
Turkey, Russia reach South Stream gas deal

Turkey, Russia reach South Stream gas deal

Turkey gave Russia permission on Wednesday to build the South Stream pipeline through its territory, supplying the missing piece needed by Moscow to secure markets for its gas in Europe at the possible expense of Brussels-backed rivals.
Published 29 Dec, 2011 12:00am
North Korea closer to nuclear-tipped missile: US expert

North Korea closer to nuclear-tipped missile: US expert

North Korea likely is closer to mounting nuclear warheads on its ballistic missiles than generally reported, possibly only one or two years away, the US Congress's former top expert on the issue has concluded.
Published 29 Dec, 2011 12:00am
Nothing frightening seen in Syria protest hotbed: monitor

Nothing frightening seen in Syria protest hotbed: monitor

The chief Arab League monitor in Syria said he saw "nothing frightening" on a first visit to the battered protest hotbed of Homs but France called his remarks premature and urged Syria to guarantee his team free movement. The second day of monitoring hit
Published 29 Dec, 2011 12:00am
US urges Syria to allow full access to monitors

US urges Syria to allow full access to monitors

The US State Department on Wednesday urged Syria to allow Arab monitors to observe as many anti-regime protests as possible and provide unfettered access to members of the opposition. However, it said it was premature to comment on the first day of monito
Published 29 Dec, 2011 12:00am
Romney, Gingrich spar as Iowa contest looms

Romney, Gingrich spar as Iowa contest looms

Mitt Romney taunted his main Republican presidential rival Newt Gingrich on Wednesday after arriving in Iowa ahead of the crucial first vote in the 2012 White House race. Latest polling indicates Gingrich's popularity slipping in the run up to the January
Published 29 Dec, 2011 12:00am
Seven hurt as bomb hits Arabic school in Nigeria

Seven hurt as bomb hits Arabic school in Nigeria

Assailants threw a crude home-made bomb into an Arabic school in southern Nigeria's Delta state overnight, police said, wounding seven people and escalating tensions between Muslims and Christians after a spate of church bombings across the nation. Six of
Published 29 Dec, 2011 12:00am
Bosnia ends 14 months of political deadlock

Bosnia ends 14 months of political deadlock

Bosnia's main Muslim, Croat and Serb parties agreed to form a central government Wednesday, ending a 14-month political crisis that paralysed the state and blocked further EU integration. "We have reached an agreement on the composition of the government"
Published 29 Dec, 2011 12:00am
Putin says ready for talks with Russian opposition

Putin says ready for talks with Russian opposition

Russian Prime Minister Vladimir Putin said on Wednesday that he was ready for dialogue with the opposition after the biggest protest against his 12-year rule at the weekend but added he was at a loss for a leader to hold talks with. "The dialogue should t
Published 29 Dec, 2011 12:00am
Nigerian court rejects challenge to Jonathan win

Nigerian court rejects challenge to Jonathan win

Nigeria's Supreme Court threw out a challenge to President Goodluck Jonathan's election victory in April, upholding the result and rejecting calls by the main opposition party for a recount in several parts of the country. Jonathan was declared winner wit
Published 29 Dec, 2011 12:00am
Rockets hit Iran dissident camp in Iraq

Rockets hit Iran dissident camp in Iraq

Multiple rockets over the past 24 hours hit a camp in Iraq housing Iranian exiles, officials and the group based there said on Wednesday, after Iraq and the UN signed a pact to resettle residents. The latest strikes, the third in four days, occurred at ab
Published 29 Dec, 2011 12:00am
Afghanistan signs major oil deal with China's CNPC

Afghanistan signs major oil deal with China's CNPC

Afghanistan signed a deal with China National Petroleum Corp (CNPC) on Wednesday for the development of oil blocks in the Amu Darya basin, a project expected to earn the war-torn state billions of dollars over two decades. The deal covering drilling and a
Published 29 Dec, 2011 12:00am
Ailing Hazare cuts short hunger strike

Ailing Hazare cuts short hunger strike

Indian anti-graft activist Anna Hazare, 74, on Wednesday cut short a three-day hunger strike campaign calling for stronger legislation to combat corruption as concerns mounted over his health. "We have decided that I will end my fast today," Hazare said a
Published 29 Dec, 2011 12:00am
Saudi begins trial over militant killing of four French

Saudi begins trial over militant killing of four French

Saudi Arabia started the trial of 14 suspected Islamic militants accused of killing four French nationals in the conservative kingdom in 2007, state media said on Wednesday. The trial is being held in a special criminal court in the Saudi capital Riyadh t
Published 29 Dec, 2011 12:00am
Key military positions dismantled in Sanaa

Key military positions dismantled in Sanaa

Military positions separating Yemen's warring forces in central Sanaa were dismantled on Wednesday in a show of faith by both sides that they want to halt nearly a year of fighting to topple the president. Bulldozers crashed through the walls of sandbags
Published 29 Dec, 2011 12:00am
Greek abbot sent to jail before trial over land scandal

Greek abbot sent to jail before trial over land scandal

The abbot of one of Greece's richest and most powerful monasteries was jailed on Wednesday while awaiting trial for fraud in a high-profile land swap deal. The pre-trial jailing of Abbot Efraim, head of the Vatopedi Monastery at the monastic community of
Published 29 Dec, 2011 12:00am
Rashid elected president RAS

Rashid elected president RAS

Reporter Association of Supreme Court (RAS) unanimously elected Rashid Habib as its president and Sohail Khan as General Secretary, says a press release issued here on Wednesday. According to the details, Rashid Habib (ARY) was elected as president, Teren
Published 29 Dec, 2011 12:00am
Misuse of exemption certificates: FBR to tighten tax laws

Misuse of exemption certificates: FBR to tighten tax laws

The Federal Board of Revenue has decided to tighten tax laws to check the massive misuse of exemption certificates obtained in the name of importers-cum-manufacturers on the import of raw materials and inputs to be consumed in finished products.
Published 29 Dec, 2011 12:00am
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