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Archive - 2012-01-12
President goes to Dubai amid new crisis
Top News

President goes to Dubai amid new crisis

ISLAMABAD: President Asif Ali Zardari was in Dubai Thursday for a brief scheduled visit, an aide said. A close aide to
Published 12 Jan, 2012 05:24pm
Special Envoy of Sweden calls on CJCSC
Top News

Special Envoy of Sweden calls on CJCSC

RAWALPINDI: Niclas Trouve, Special Envoy of Sweden for Pakistan and Afghanistan called on General Khalid Shameem Wynne,
Published 12 Jan, 2012 05:09pm
Ahmadinejad leaves Cuba for Ecuador
Top News

Ahmadinejad leaves Cuba for Ecuador

HAVANA: Iran's President Mahmoud Ahmadinejad left Cuba Thursday for Ecuador after receiving Havana's backing for his cou
Published 12 Jan, 2012 03:43pm
KSE extends suspension period
Markets

KSE extends suspension period

KARACHI: Karachi Stock Exchange (KSE) has extended suspension in the trading of four insurance companies on the directiv
Published 12 Jan, 2012 03:31pm
NA session starts
Pakistan

NA session starts

ISLAMABAD: The 38th Session of National Assembly started Thursday evening in the Parliament House with recitation of ver
Published 12 Jan, 2012 02:40pm
US drone strike kills four militants
Top News

US drone strike kills four militants

MIRANSHAH: A US missile strike targeting a militant vehicle killed four rebels in a troubled Pakistani tribal region on
Published 12 Jan, 2012 02:24pm
Altaf says will talk to Taliban
Top News

Altaf says will talk to Taliban

KARACHI: Chief of the Mutahida Qaumi Movement (MQM), Altaf Hussain said on Thursday that he is ready to talk to the T
Published 12 Jan, 2012 01:46pm
Senate elections on March 2: ECP
Top News

Senate elections on March 2: ECP

KARACHI: Senate elections will be held on March 2, 2012, announced the Election Commission of Pakistan (ECP) on Thursday
Published 12 Jan, 2012 01:18pm
Economy stable despite challenges
Top News

Economy stable despite challenges

ISLAMABAD: Despite challenges at domestic and international front, economy of the country maintained stability as sugges
Published 12 Jan, 2012 01:08pm
India soon to be polio-free: WHO
Asia

India soon to be polio-free: WHO

GENEVA: India is on the cusp of being declared polio-free after not a single case was detected in the last 12 months, th
Published 12 Jan, 2012 01:02pm
Forex slips to $16.901bn
Top News

Forex slips to $16.901bn

KARACHI: Pakistan's liquid foreign reserves slipped by $16 million to more than $16.901 billion on January 6, 2012, on f
Published 12 Jan, 2012 12:43pm
Pir Pagara laid to rest in Pir Jo Goth
Top News

Pir Pagara laid to rest in Pir Jo Goth

KARACHI: The spiritual leader of the Hur tribe and chief of Pakistan Muslim League-Functional (PML-F), Shah Mardan Shah
Published 12 Jan, 2012 12:18pm
Oil prices higher in Asian trade
Energy

Oil prices higher in Asian trade

SINGAPORE: Oil prices rose in Asian trade Thursday as concerns over supply disruptions in Iran and Nigeria outweighed fi
Published 12 Jan, 2012 07:49am
India food price index down 2.90pc
Top News

India food price index down 2.90pc

NEW DELHI: Indian food price index dropped 2.90 percent in the year to Dec. 31, while the fuel price index climbed an an
Published 12 Jan, 2012 07:22am
Funeral of Pir Sahib Pagara
Top News

Funeral of Pir Sahib Pagara

KARACHI : Thousand of mourners have reached Pir Jo Ghot in Khairpur to attend the funeral procession of Pir Sahib Pagara
Published 12 Jan, 2012 07:10am
Industrial output raises 5.9pc: India
Top News

Industrial output raises 5.9pc: India

NEW DELHI: India industrial output rose a better-than-expected 5.9 percent in November from a year earlier, rebounding f
Published 12 Jan, 2012 06:59am
Remittances in the running
BR Research

Remittances in the running

With the countrys key foreign inflow channels: such as FDI and imports drying out, the first thing comes to mind is that: Are remittance inf
Published 12 Jan, 2012 12:00am
Booming car sales
BR Research

Booming car sales

The automobile manufacturers of Pakistan are showing resilience despite fueling inflation, worsening law and order situation, and surging ca
Published 12 Jan, 2012 12:00am
Prosecutor killed in German court shooting

Prosecutor killed in German court shooting

A defendant accused of embezzlement shot dead a prosecutor at a court in the southern German city of Dachau Wednesday, a spokesman for the state justice ministry said. The man, 54, fired three shots at the prosecutor at the local district court and the 31
Published 12 Jan, 2012 12:00am
15 security men killed in Turbat

15 security men killed in Turbat

A convoy of security men was ambushed by unknown militants, Aaj News reported Wednesday. According to the channel, miscreants carried out hand grenade attack on a security convoy. As a result 15 security officials embraced martyrdom. Later, there was exch
Published 12 Jan, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Jan, 2012 12:00am
15 security men killed in Turbat

15 security men killed in Turbat

A convoy of security men was ambushed by unknown militants, Aaj News reported Wednesday. According to the channel, miscreants carried out hand grenade attack on a security convoy. As a result 15 security officials embraced martyrdom. Later, there was exch
Published 12 Jan, 2012 12:00am
Australia ranked first, North Korea last on nuclear safety

Australia ranked first, North Korea last on nuclear safety

Australia has the tightest security controls among nations with nuclear material while North Korea poses the world's greatest risks, a new index by experts said Wednesday. The Nuclear Threat Initiative, in a project led by former US senator Sam Nunn and t
Published 12 Jan, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 12 Jan, 2012 12:00am
Australia ranked first, North Korea last on nuclear safety

Australia ranked first, North Korea last on nuclear safety

Australia has the tightest security controls among nations with nuclear material while North Korea poses the world's greatest risks, a new index by experts said Wednesday. The Nuclear Threat Initiative, in a project led by former US senator Sam Nunn and t
Published 12 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jan, 2012 12:00am
NEC approves Framework for Economic Growth

NEC approves Framework for Economic Growth

The National Economic Council (NEC) has approved the Framework for Economic Growth (FEG), which was prepared by the Planning Commission through research and countrywide consultations. The strategy focuses on governance, urban management, markets, connecti
Published 12 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jan, 2012 12:00am
NEC approves Framework for Economic Growth

NEC approves Framework for Economic Growth

The National Economic Council (NEC) has approved the Framework for Economic Growth (FEG), which was prepared by the Planning Commission through research and countrywide consultations. The strategy focuses on governance, urban management, markets, connecti
Published 12 Jan, 2012 12:00am
NEC approves Framework for Economic Growth

NEC approves Framework for Economic Growth

The National Economic Council (NEC) has approved the Framework for Economic Growth (FEG), which was prepared by the Planning Commission through research and countrywide consultations. The strategy focuses on governance, urban management, markets, connecti
Published 12 Jan, 2012 12:00am
Punjab's industry to get gas from Monday: Dr Asim assures Aptma

Punjab's industry to get gas from Monday: Dr Asim assures Aptma

Federal Petroleum Minister Dr Asim Hussain has assured All Pakistan Textile Mills Association (Aptma) group leader Gohar Ejaz of restoration of gas supply to industry from Monday onwards. Earlier, the government had assured restoration of gas supply from
Published 12 Jan, 2012 12:00am
Punjab's industry to get gas from Monday: Dr Asim assures Aptma

Punjab's industry to get gas from Monday: Dr Asim assures Aptma

Federal Petroleum Minister Dr Asim Hussain has assured All Pakistan Textile Mills Association (Aptma) group leader Gohar Ejaz of restoration of gas supply to industry from Monday onwards. Earlier, the government had assured restoration of gas supply from
Published 12 Jan, 2012 12:00am
Punjab''s industry to get gas from Monday: Dr Asim assures Aptma

Punjab''s industry to get gas from Monday: Dr Asim assures Aptma

Federal Petroleum Minister Dr Asim Hussain has assured All Pakistan Textile Mills Association (Aptma) group leader Gohar Ejaz of restoration of gas supply to industry from Monday onwards. Earlier, the government had assured restoration of gas supply from
Published 12 Jan, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
North Korea says US offered food for nuclear shutdown

North Korea says US offered food for nuclear shutdown

North Korea said Wednesday that the United States had offered food aid and a suspension of sanctions if it halted its uranium enrichment programme. The comments by a foreign ministry spokesman to Pyongyang's official news agency were the first by the Nort
Published 12 Jan, 2012 12:00am
North Korea says US offered food for nuclear shutdown

North Korea says US offered food for nuclear shutdown

North Korea said Wednesday that the United States had offered food aid and a suspension of sanctions if it halted its uranium enrichment programme. The comments by a foreign ministry spokesman to Pyongyang's official news agency were the first by the Nort
Published 12 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
US hopes all stakeholders will respect constitution

US hopes all stakeholders will respect constitution

United States Embassy Spokesman in Islamabad Mark Stroh has expressed the hope that all the stakeholders would respect the country's constitution to overcome the prevailing crisis. According to a media report, US Embassy spokesman Mark Stroh termed the cu
Published 12 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
PML-N's meeting to discuss current situation today

PML-N's meeting to discuss current situation today

Pakistan Muslim League-Nawaz (PML-N) Chief Mian Nawaz Sharif has summoned a joint meeting of PML-N's parliamentary party and central working committee here at Punjab House today (Thursday). According to a statement issued by PML-N's central media office o
Published 12 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
THE RUPEE: recovery against dollar

THE RUPEE: recovery against dollar

The rupee maintained its recovery against dollar on the money market on Wednesday, money experts said. The rupee rose by 8-paisa versus the greenback for buying at 89.97 and gained 10-paisa for selling at 90.00, they said.
Published 12 Jan, 2012 12:00am
Teli moves SHC against KESC

Teli moves SHC against KESC

The leader of Businessmen Group Siraj Kassam Teli has filed a suit against KESC and requested the honourable High Court of Sindh for an injunction, stopping the KESC from personal victimisation and taking coercive measures.
Published 12 Jan, 2012 12:00am
THE RUPEE: recovery against dollar

THE RUPEE: recovery against dollar

The rupee maintained its recovery against dollar on the money market on Wednesday, money experts said. The rupee rose by 8-paisa versus the greenback for buying at 89.97 and gained 10-paisa for selling at 90.00, they said.
Published 12 Jan, 2012 12:00am
Minhaj Burna's death anniversary on January 14

Minhaj Burna's death anniversary on January 14

The first death anniversary of Minhaj Burna, seasoned press freedom fighter, will be observed on January 14 all over the country. In order to pay tributes to his (Burna)'s achievements regarding freedom of press, civil liberty and newspapers workers' righ
Published 12 Jan, 2012 12:00am
Lawyer gunned down, driver injured

Lawyer gunned down, driver injured

An Advocate of Sindh High Court was gunned down while his driver sustained bullet injures at New M A Jinnah Road in the limits of Jamshed Quarter police station.
Published 12 Jan, 2012 12:00am
KSE board: SECP names independent directors

KSE board: SECP names independent directors

The Securities and Exchange Commission of Pakistan (SECP) has re-nominated/re-appointed Muneer Kamal, Shazad G Dada, Asif Qadir and Abdul Qadir Memon on the Board of the Karachi Stock Exchange (KSE) for the 2012 term. They had also served on the KSE Board
Published 12 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
'US aided group which supported extremists'

'US aided group which supported extremists'

The US gave money to a group that organised anti-Taliban rallies, but which later demonstrated in support of an extremist who killed a leading liberal politician, the US Embassy in Pakistan said Wednesday. The grant highlights the difficulties facing Wash
Published 12 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
France condemns blast in Jamrud

France condemns blast in Jamrud

France on Wednesday condemned the "cowardly attack" in Jamrud that left around 35 people killed and over 60 injured and expressed solidarity with the people of the area for their courage. A statement from the French embassy said, Jamrud that lies close to
Published 12 Jan, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
British delegation calls on Hafeez Shaikh

British delegation calls on Hafeez Shaikh

A British delegation comprising eight members called on Federal Finance Minister Dr Abdul Hafeez Shaikh here on Wednesday and discussed the trade opportunities between the two countries. The delegation included Lord Green, Minister of State for Trade and
Published 12 Jan, 2012 12:00am
Khar, Baroness Warsi for promoting Pak-UK ties

Khar, Baroness Warsi for promoting Pak-UK ties

Foreign Minister Hina Rabbani Khar and Baroness Sayeeda Warsi, Britain's Cabinet Minister on Wednesday agreed that the Pakistan-UK enhanced strategic dialogue was an important vehicle in promoting relations between the two countries for their mutual benef
Published 12 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
Pakistan cautions UNSC against hasty decision on Syrian unrest

Pakistan cautions UNSC against hasty decision on Syrian unrest

Pakistan cautioned the UN Security Council on Tuesday against taking any hasty decision to deal with the violent protests in Syria and called for allowing the Arab League monitors more time to fully appraise the situation.
Published 12 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (January 11, 2012) and for Thursday (January 12, 2012).
Published 12 Jan, 2012 12:00am
Motorcyclists asked to wear helmets

Motorcyclists asked to wear helmets

The Traffic Police in the metropolis have asked the motorcyclists to wear helmets as a safety measure. DIG Traffic Karachi, Khurrum Gulzar, said in a statement on Wednesday that under the Motor Vehicle Ordinance's section 89-A, those riding motorcycle mus
Published 12 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
Robbery bid foiled by guard

Robbery bid foiled by guard

A security guard on Wednesday foiled a robbery bid at jeweller shop in the remits of Saddar police station. According to Abdul Ghaffar, an owner of Chaman Jewellers, at least four bandits, who barged into the said shop located in Abdullah Haroon Road and
Published 12 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 12 Jan, 2012 12:00am
Alleged bandit killed in shootout

Alleged bandit killed in shootout

Sindh police on Wednesday claimed to have killed an alleged bandit in an encounter in the limits of Boat Basin police station. According to police, the police patrolling party intercepted an alleged bandit, who was later identified as Shabbir Ahmed, 32, s
Published 12 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 12 Jan, 2012 12:00am
Dacoits loot $24,000 from van of moneychanger

Dacoits loot $24,000 from van of moneychanger

A gang of robber on Wednesday looted $24,000 from a cash van of a private moneychanger company in the limits of Sharah-e-Faisal police station. Police said the incident took place in Block 17; Gulistan-e-Jauhar where at least four armed men intercepted a
Published 12 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 11, 2012).

Published 12 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (January 11, 2012) and the forecast for Thursday (January 12, 2012).

Published 12 Jan, 2012 12:00am
Action urged against officials involved in funds' embezzlement

Action urged against officials involved in funds' embezzlement

The Senate's Sub-Committee on Finance, Revenues and Economic Affairs on Wednesday recommended strict action against those involved in the embezzlement of public funds. The committee, which met here with Senator Ishaq Dar in the chair, discussed the allege
Published 12 Jan, 2012 12:00am
PNCA to hold one-man show on January 15

PNCA to hold one-man show on January 15

Pakistan National Council of the Arts (PNCA) will hold one-man show by living legend drama artist Nisar Qadri here on January 15. The artist will give solo performance on the script entitled "Machis ho gee aap ke pass" at the auditorium of National Art Ga
Published 12 Jan, 2012 12:00am
Schedule of exam forms notified

Schedule of exam forms notified

The Board of Intermediate & Secondary Education Hyderabad has notified that the Examination forms along with Examination fee from the eligible candidates who intend to appear at the Higher Secondary Certificate Part-II (Class-XII) Annual Examination 2012
Published 12 Jan, 2012 12:00am
Exhibition of paintings by disabled children held

Exhibition of paintings by disabled children held

Pakistan Rangers Punjab held an exhibition under the umbrella of "Life Welfare Society", which deals with mentally retarded and disabled children. Handmade paintings by disabled children were displayed in the exhibition. Parents' along with children, and
Published 12 Jan, 2012 12:00am
Cop, rescuer nabbed red-handed while throwing body

Cop, rescuer nabbed red-handed while throwing body

The unending jurisdiction war between police stations, which always victimizes the citizens, has now become inglorious for police department and rescuers as a cop and a worker of one of the rescue organisations were caught red-handed while throwing a bull
Published 12 Jan, 2012 12:00am
Light sentences in mega scams: I&I DG's lenient view surprises FTO

Light sentences in mega scams: I&I DG's lenient view surprises FTO

Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has expressed surprise over the lenient view taken by the Directorate of Investigation and Intelligence Federal Board of Revenue (FBR) for not filing an appeal against the light sentences awarded to ma
Published 12 Jan, 2012 12:00am
PPP rules out possibility of new Prime Minister: CoAS to complete tenure

PPP rules out possibility of new Prime Minister: CoAS to complete tenure

The PPP Government Wednesday said that Chief of Army Staff General Ashfaq Parvez Kayani would complete his tenure and it does not want any confrontation among the state institutions. The PPP government also ruled out any possibility of new Prime Minister
Published 12 Jan, 2012 12:00am
Government taking steps to curb human rights violation

Government taking steps to curb human rights violation

Advisor to Prime Minister on Human Rights Mustafa Nawaz Khokhar said on Wednesday the government is taking numerous steps to curb human rights violation especially against the women and children. Talking to APP he said that Ministry of Human Rights is com
Published 12 Jan, 2012 12:00am
Former PML-N nazim joins PML-Q

Former PML-N nazim joins PML-Q

Former Nazim of N-League Chaudhry Ijaz Ahmed advocate met PML-Q leader and Federal Minister Chaudhry Pervaiz Elahi at his residence on Wednesday and announced to join the PML-Q along with his supporters. Chaudhry Ijaz reposed full confidence in the leader
Published 12 Jan, 2012 12:00am
PML (Like-Minded) to support no-trust move against Prime Minister

PML (Like-Minded) to support no-trust move against Prime Minister

Pakistan Muslim League (Likeminded Group) headed by Hamid Nasir Chattha Wednesday said that it will support a motion of no confidence against Prime Minister Syed Yousaf Raza Gilani if tabled in parliament. Talking to journalists after party's central exec
Published 12 Jan, 2012 12:00am
FGA members for making Fata as 'Qabailistan'

FGA members for making Fata as 'Qabailistan'

Members of Fata Grand Alliance (FGA) have supported the proposal for making Federally Administrative Tribal Areas as "Qabailistan" and urged the political parties to support resolution moved by it through a Fata elected representative in the parliament fo
Published 12 Jan, 2012 12:00am
Iesco's notification

Iesco's notification

According to Iesco spokesman, due to electricity maintenance/development work the power supply of the areas fall under the following feeders would remain suspended as under:
Published 12 Jan, 2012 12:00am
Resignation of President, Prime Minister Fauzia rules out possibility

Resignation of President, Prime Minister Fauzia rules out possibility

A central leader of PPP Fauzia Wahab has ruled out the possibility of stepping down of President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani as they are still enjoying the support of majority of elected parliament. Talking newsmen here on
Published 12 Jan, 2012 12:00am
PPP delegation meets JUI-F chief

PPP delegation meets JUI-F chief

Amid heightening political temperature, a high-level Pakistan People's Party (PPP) delegation met Jamiat Ulema-e-Islam-Fazal (JUI-F) Chief Maulana Fazal-ur-Rehman in a bid to pacify the situation caused by the widening gulf between civilian and military l
Published 12 Jan, 2012 12:00am
Nawaz to soon regret filing petitions on Memogate: Babar

Nawaz to soon regret filing petitions on Memogate: Babar

Pakistan Peoples Party's vice president Babar Awan on Wednesday opined that the architect of Army courts PML-N chief Mian Nawaz Sharif will soon regret filing petitions on Memogate. Talking to mediapersons at the Supreme Court Building, Awan said that Naw
Published 12 Jan, 2012 12:00am
Metro Cash & Carry and Thal Limited: CCP grants exemption to JVA

Metro Cash & Carry and Thal Limited: CCP grants exemption to JVA

The Competition Commission of Pakistan (CCP) has issued exemption to a Joint Venture Agreement dated 15-06-2011 (JVA) between M/s Metro Cash & Carry International Holding B.V. (Metro) and Thal Limited (Thal) under Section 5 of the Competition Act, 2010 (A
Published 12 Jan, 2012 12:00am
Meeting of Technical Committee on Political Finance held

Meeting of Technical Committee on Political Finance held

A meeting of the Technical Committee on Political Finance was held under the chairmanship of Ishtiak Ahmad Khan, Secretary Election Commission of Pakistan to explore the innovative ideas and new measures to be adopted to control election expenses and to a
Published 12 Jan, 2012 12:00am
Pagara demise: Public holiday in Sindh today

Pagara demise: Public holiday in Sindh today

On the occasion of the burial of Pir Saheb of Pagara on January 11, Sindh Chief Minister Syed Qaim Ali Shah has declared a public holiday in the province on January 12. This was announced in a statement issued from the CM House here on Wednesday. Chief of
Published 12 Jan, 2012 12:00am
BIEK papers postponed

BIEK papers postponed

The Board of Intermediate Education, Karachi (BIEK), notified on Wednesday that as per declaration of the Sindh government as public holiday throughout the province on account of the death of Syed Mardan Shah II (Pir Pagara), the papers scheduled for Thur
Published 12 Jan, 2012 12:00am
JCR-VIS re-affirms Management Quality Rating of JSIL

JCR-VIS re-affirms Management Quality Rating of JSIL

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has re-affirmed the Management Quality Rating of JS Investments Limited (JSIL) at 'AM2-' (AM-Two Minus). Outlook on the assigned rating is -Stable'. JSW has strengthened its organisational infrastructure, as pla
Published 12 Jan, 2012 12:00am
JCR-VIS re-affirms Management Quality Rating of JSIL

JCR-VIS re-affirms Management Quality Rating of JSIL

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has re-affirmed the Management Quality Rating of JS Investments Limited (JSIL) at 'AM2-' (AM-Two Minus). Outlook on the assigned rating is -Stable'. JSW has strengthened its organisational infrastructure, as pla
Published 12 Jan, 2012 12:00am
Jamaat-e-Islami to stage sit-in against 'illegal' detentions of workers

Jamaat-e-Islami to stage sit-in against 'illegal' detentions of workers

Jamaat-e-Islami (JI) on Wednesday announced to stage protest sit-in against the 'illegal' detention of its workers and other civilians in front of police head office on Friday, January 13. "The sit-in is aimed at exposing the anti-democratic forces and co
Published 12 Jan, 2012 12:00am
PPP has adopted dangerous path: Jamaat-e-Islami

PPP has adopted dangerous path: Jamaat-e-Islami

Ameer, Jamaat-e-Islami, Syed Munawar Hasan, has said that the Pakistan Peoples Party (PPP) government having miserably failed to deliver during the last four years, had adopted the most dangerous path of a clash with the armed forces. Commenting on the la
Published 12 Jan, 2012 12:00am
Pakistani fruits have huge potential in Central Asian markets

Pakistani fruits have huge potential in Central Asian markets

The five Central Asian Republics (CAR)--Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan and Uzbekistan - with a combined gross domestic product of $207 billion and a population of 66 million, offer a sizeable market for Pakistan's goods, services and inv
Published 12 Jan, 2012 12:00am
Naek, Jamali offer condolence

Naek, Jamali offer condolence

Chairman Senate Farooq H. Naek and Deputy Chairman Senate Mir Jan Muhammad Jamali have expressed their deep grief and sorrow on the sad demise of Pir Pagara, Chief of Pakistan Muslim League (Functional) and spiritual leader of Hurs. Syed Shah Mardan Shah
Published 12 Jan, 2012 12:00am
Provincial Ministers condole demise of Pir Pagara

Provincial Ministers condole demise of Pir Pagara

The provincial ministers on Wednesday condoled the demise of Pir Saheb of Pagara who passed away in London on Tuesday at the age of 83. Sindh Minister for Social Welfare, Begum Nargis N.D. Khan, has said that Pir Saheb Pagara's services in the field of po
Published 12 Jan, 2012 12:00am
KFHA approves deployment of MSA, Rangers' check posts at fish harbour

KFHA approves deployment of MSA, Rangers' check posts at fish harbour

In a bid to curb human trafficking and maintaining law and order, Karachi Fish Harbor Authority (KFHA) has approved its long-awaited plan to deploy Maritime Security Agency (MSA) and setting up Rangers' check-posts at the harbor. KFHA had earlier approach
Published 12 Jan, 2012 12:00am
PTI won't support any anti-democratic step: Imran

PTI won't support any anti-democratic step: Imran

Pakistan Tahreek-e-Insaf (PTI) chairman Imran Khan has said that his party would not support any unconstitutional and anti-democratic step. He was responding to a question on 'a possibility of martial law imposition in the country' during a press conferen
Published 12 Jan, 2012 12:00am
Lawyers from PPP, other political parties join PTI

Lawyers from PPP, other political parties join PTI

Lawyers affiliated with Pakistan People's Party and other political parties from district Swabi on Wednesday announced to join Pakistan Tehreek Insaf PTI by quitting their parties. The lawyers made this announcement during a press conference held here at
Published 12 Jan, 2012 12:00am
LSE managing director briefs students about investment in capital market

LSE managing director briefs students about investment in capital market

The Managing Director of Lahore Stock Exchange (LSE), Aftab Ahmad, has taken the first step towards national financial literacy awareness program for youth. As part of the 'Young Investors Scheme' (first nation-wide campus outreach program of its kind), f
Published 12 Jan, 2012 12:00am
Protestors continue Karakoram Highway blockade

Protestors continue Karakoram Highway blockade

The residents of Chilas city and surrounding areas continued to block the Karakoram Highway at a number of points to press the government to accept their demands in response to the killing of a person belonging to the city. The protestors demanded of the
Published 12 Jan, 2012 12:00am
Parliament is supreme not judiciary: Asma

Parliament is supreme not judiciary: Asma

Supreme Court Bar Association former president Asma Jahangir on Wednesday said that if judges wanted to do politics, they should contest elections. Talking to media persons in Lahore High Court, Asma said parliament was supreme in the country not judiciar
Published 12 Jan, 2012 12:00am
PFSSA to provide training to its officials

PFSSA to provide training to its officials

The newly established Punjab Food Safety and Standards Authority (PFSSA) will provide specialised training to its officials and the officers under the Trade Related Technical Assistance (TRTA II) programme to ensure availability of safe and wholesome food
Published 12 Jan, 2012 12:00am
LCCI demands withdrawal of SRO 821(I)

LCCI demands withdrawal of SRO 821(I)

The President of Lahore Chamber of Commerce and Industry, Irfan Qaiser, on Wednesday expressed deep and serious concern over FBR stance to implement SRO 821(I) 2011 despite repeated demands of the business community for its withdrawal. In a statement he s
Published 12 Jan, 2012 12:00am
PAAPAM wants manufacturing-based trade with India

PAAPAM wants manufacturing-based trade with India

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) wants manufacturing based trade with India and does not want Pakistan to become a market for Indian finished goods. This was stated by PAAPAM chairman Nabeel Hashmi while talkin
Published 12 Jan, 2012 12:00am
LHC summons secretary health, MS Mayo Hospital

LHC summons secretary health, MS Mayo Hospital

The Lahore High Court (LHC) on Wednesday summoned Secretary Health Department and Medical Superintendent (MS) Mayo Hospital in a contempt of court petition filed by a lady sweeper-cum-ward cleaner seeking issuance of her service book for the last three ye
Published 12 Jan, 2012 12:00am
Neelofar vows to continue working for betterment of women

Neelofar vows to continue working for betterment of women

Senator Neelofar Bakhtiar of PML-Q has said that Imran Khan's Tsunami would sweep other political parties away if Imran Khan fulfils his promises. Amidst a deafening clamour for new geographical demarcations in the country, a Pakistan Muslim League-Quaid
Published 12 Jan, 2012 12:00am
Ministries should release annual funds for AHBP: Rehman

Ministries should release annual funds for AHBP: Rehman

Federal Minister for Interior Rehman Malik said on Wednesday that all the ministries should release annual funds for the Aghaz-e-Haqooq-e-Balochistan Package (AHBP). He said this while chairing a high-level meeting at the Cabinet Division to evaluate the
Published 12 Jan, 2012 12:00am
Afghan cargo: SCCI calls for simplifying clearance process

Afghan cargo: SCCI calls for simplifying clearance process

Sarhad Chamber of Commerce & Industry (SCCI) President Afan Aziz on Wednesday called for simplifying checking and clearance process for commercial goods to immediate transit neighbouring Afghanistan. During a visit to Collector Custom office here, he said
Published 12 Jan, 2012 12:00am
Petitioners seek contempt of court proceedings: DG FIA issued notice

Petitioners seek contempt of court proceedings: DG FIA issued notice

The Supreme Court (SC) on Wednesday issued a notice to Director General FIA Syed Tehsin Anwar Shah with directives to be present along with PTV's ex-media advisor Mian Khurram Rasool in the court on January 20. A four-member bench of the Chief Justice Ift
Published 12 Jan, 2012 12:00am
Khyber Pakhtunkhwa begins work on technical education promotion plan

Khyber Pakhtunkhwa begins work on technical education promotion plan

The Khyber Pakhtunkhwa (KP) government on Wednesday launched work on preparation of action plan for promotion of technical and vocational education under 'National Skills Strategy 2009-13'. In this connection, a workshop was held under the auspices of KP
Published 12 Jan, 2012 12:00am
Ibn-e-Insha remembered

Ibn-e-Insha remembered

Eminent Urdu poet, humourist and columnist Ibn-e-Insha was remembered on his 32nd death anniversary on Wednesday. He was born on June 15, 1927 as Sher Muhammad Khan, but shined in the literary world as Ibn-e-Insha.
Published 12 Jan, 2012 12:00am
Supreme Court restores Humayun Kurd as MNA

Supreme Court restores Humayun Kurd as MNA

While suspending the verdict of Election Tribunal Quetta, the Supreme Court restored Mir Humayun Aziz Kurd as member National Assembly on Wednesday. PML-Q leader and member of Balochistan Assembly Sardar Yar Muhammad Rind had challenged Kurd's victory in
Published 12 Jan, 2012 12:00am
PDA calls off strike as probe assured into Dr Said's killing

PDA calls off strike as probe assured into Dr Said's killing

Doctors' of Khyber Pakhtunkhwa on Wednesday called off strike after the government assured to probe into the killing of renowned Cardiologist, Dr Said Jamal Hussain through forming a judicial commission and provision of security to doctors at all major te
Published 12 Jan, 2012 12:00am
CIA nabs seven criminals

CIA nabs seven criminals

Crime Investigation Agency (CIA) of Police has arrested seven criminals including an alleged killer, three proclaimed offenders and three other dacoits and recovered murder tools, weapons and looted items from their possession, a police spokesman said her
Published 12 Jan, 2012 12:00am
Where does this slippery slope end?

Where does this slippery slope end?

Given the Supreme Court's consistent and praiseworthy position that it will not do anything to derail the democratic system in the country it has displayed considerable restraint and sensitivity once again. Deciding not to give any ruling on the NRO non-i
Published 12 Jan, 2012 12:00am
Executive decisions not implemented by FBR

Executive decisions not implemented by FBR

According to a Business Recorder exclusive, around 30 billion rupees were paid by Pepco on account of general sales tax (GST) to the Federal Board of Revenue (FBR) on billed electricity bills that were not cleared by consumers. Or, in other words
Published 12 Jan, 2012 12:00am
VIEWPOINT: Of double standards

VIEWPOINT: Of double standards

Nawaz Sharif had to run for cover earlier this month after he was quoted to have made provocative remarks, during a party workers meeting in Karachi, about setting up military courts under civilian government in the city "to get rid of the kidnappings and
Published 12 Jan, 2012 12:00am
Anti-avoidance mechanism in Sales Tax Act, 1990

Anti-avoidance mechanism in Sales Tax Act, 1990

Individuals and businesses make arrangements through which they alienate their real income in order to be taxed at lower rates. This effort attracts application of those provisions of law which forbid avoidance of tax schemes. Such provisions are present
Published 12 Jan, 2012 12:00am
New Maserati reflects globalised auto industry

New Maserati reflects globalised auto industry

The silver car spinning slowly on a turntable near the centre of the Detroit auto show was fundamentally similar to other models that blend the elements of a luxury sedan with a sport-utility vehicle. Setting the car apart, however, were the ultra-sleek E
Published 12 Jan, 2012 12:00am
Was AAZ trapped by the TV anchor?

Was AAZ trapped by the TV anchor?

In the famous interview, the TV anchor very cleverly trapped AAZ by letting him admit that he (AAZ) was not going to accept Supreme Court's verdicts while the cases of Memogate and NRO were still pending. Whoever persuaded Asif Ali Zardari (AAZ) to appear
Published 12 Jan, 2012 12:00am
Karachi University notification

Karachi University notification

The B.A. (Regular and External) and B.Com.(Regular) papers will be held on January 12 (today) according to schedule. This was announced by the Controller of Examinations of the University of Karachi, on Wednesday.
Published 12 Jan, 2012 12:00am
SBP, PTA sign MoU to promote mobile banking

SBP, PTA sign MoU to promote mobile banking

The State Bank of Pakistan (SBP) and the Pakistan Telecommunication Authority (PTA) signed a Memorandum of Understanding (MoU), here on Wednesday. The MoU was signed by Inayat Hussain, Executive Director, State Bank of Pakistan and Dr Muhammad Saleem, Dir
Published 12 Jan, 2012 12:00am
Over 0.8 million 'branchless banking' accounts opened: SBP Governor

Over 0.8 million 'branchless banking' accounts opened: SBP Governor

The Governor of the State Bank of Pakistan (SBP), Yaseen Anwar, has said that over 800,000 'branchless banking' accounts have so far been opened, while the average number of transactions per day has been around 180,000, and the average ticket size per tra
Published 12 Jan, 2012 12:00am
'Pakistan can import electricity from Azerbaijan'

'Pakistan can import electricity from Azerbaijan'

Ambassador of Azerbaijan Dashgin Shikarov has said that Pakistan could import electricity from his country to meet its growing power needs. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), he said that Pakistan could also import o
Published 12 Jan, 2012 12:00am
Auto sector witnesses 21 percent growth in first half

Auto sector witnesses 21 percent growth in first half

Auto sales of the industry witnessed a substantial growth of 21 percent on year-on-year basis to 81,645 units in the first half of FY12 as against the sales of 67,693 units in the corresponding period last year. Pakistan Automotive Manufacturers Associati
Published 12 Jan, 2012 12:00am
HCCI calls for re-carpeting of Super Highway

HCCI calls for re-carpeting of Super Highway

Senior Vice President of Hyderabad Chamber of Commerce & Industry Turab Ali Khoja has expressed deep concern over the poor condition of Super highway and said that it is the only source of movement of imported/raw material allover the country.
Published 12 Jan, 2012 12:00am
Karachi to host first International Women Leaders Summit

Karachi to host first International Women Leaders Summit

As part of the Women in Business Conference Series (WIBCON) for professional women an International Women Leaders Summit is being organised on January 25, 2012 in Karachi. The conference speakers include Rokia Afzal Rehman, a former minister and leading b
Published 12 Jan, 2012 12:00am
1.5 million flood affected people are still shelterless

1.5 million flood affected people are still shelterless

With winter season on peak, still 1.5 million flood affected people are shelter less in the flood affected districts of Sindh facing serious threats of diseases and deaths, while the Federal Government has stopped relief activities including provision of
Published 12 Jan, 2012 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose nearly 1 percent to a one-month high on Wednesday, breaking ranks with the euro and equities, as evidence of strong physical demand from China fuelled fund buying after bullion's recent sell-off. The metal rose for a second day as the single cur
Published 12 Jan, 2012 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

Copper rose to its priciest level in more than a month on Wednesday, building on the prior session's 3-percent price surge, and is near key technical resistance that could triggger further gains if pierced Copper's gains bucked broader market trends towar
Published 12 Jan, 2012 12:00am
US MIDDAY: soya and corn fall

US MIDDAY: soya and corn fall

US soyabean futures fell more than 2 percent on Wednesday in their steepest slide in 1-1/2 months as rains in Argentina brought much-needed relief to drought-stressed crops in key production areas of the world's third-largest exporter of the oilseed, trad
Published 12 Jan, 2012 12:00am
Gold touches one-month high in London

Gold touches one-month high in London

Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumer China helped boost the price above a key technical level, and offset the impact of a softer euro. Data showing record gold imports to
Published 12 Jan, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering eurozone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Published 12 Jan, 2012 12:00am
US gold up 1.3 percent

US gold up 1.3 percent

Gold surged more than 1 percent to a three-week high on Tuesday, rallying with the stock market on optimism toward the global economy after a bullish forecast by aluminium maker Alcoa. The rise brought bullion back to the 200-day moving average it had fal
Published 12 Jan, 2012 12:00am
ICE cocoa climbs

ICE cocoa climbs

Cocoa futures closed at an eight-week high in heavy volume on Wednesday, underpinned by a sharp slowdown in port arrivals in top producer Ivory Coast, while arabica coffee rallied on short-covering. Sugar futures also climbed but were relatively subdued f
Published 12 Jan, 2012 12:00am
Palm oil rises

Palm oil rises

Malaysian crude palm oil futures inched up on Wednesday as prospects of lower edible oil output in South America and Southeast Asia offset worries over the eurozone debt crisis. Investors remained cautious ahead of the Spanish and Italian debt auctions on
Published 12 Jan, 2012 12:00am
Grains lower

Grains lower

US grain futures were mostly lower on Tuesday, bucking a broader commodities rally, as rains expected in drought-stricken corn and soyabean exporter Argentina alleviated supply worries and profits were taken ahead of US government production data Thursday
Published 12 Jan, 2012 12:00am
Tokyo, Shanghai rubber rise

Tokyo, Shanghai rubber rise

Key Tokyo rubber futures ended 1.4 percent higher on Wednesday after Thailand said it could intervene to push up rubber prices, with some investors expecting a further price rise on improvements in technical factors. The key Tokyo Commodity Exchange rubbe
Published 12 Jan, 2012 12:00am
Oil falls back on risk aversion, US stock build weighs

Oil falls back on risk aversion, US stock build weighs

Oil fell on Wednesday as worries about Europe's debt crisis re-emerged, pressuring the euro to a 16-month low against the dollar, while data showed that US crude inventories soared. Early in the session, crude futures rose after an Iranian nuclear scienti
Published 12 Jan, 2012 12:00am
Copper moves up

Copper moves up

Copper rose on Wednesday, adding to gains from the previous session when it rallied more than 3 percent on strong Chinese import figures, but further gains were capped by a weak euro and concerns about the eurozone's growing debt crisis. Three-month Londo
Published 12 Jan, 2012 12:00am
Shanghai copper gains

Shanghai copper gains

The most-traded March copper contract on the Shanghai Futures Exchange gained 1.8 percent to 56,860 yuan ($9,000) a tonne on Wednesday. Imports of copper by China, which accounts for 40 percent of the refined metal's global consumption, rose 12.6 percent
Published 12 Jan, 2012 12:00am
US copper soars

US copper soars

In New York, the key March COMEX contract shot up 9.70 cents or by 2.8 percent to settle at $3.5130 per lb, near the top of its $3.4040 to $3.5175 session range on Tuesday. Volumes picked up as buyers reentered the market. More than 53,500 lots traded in
Published 12 Jan, 2012 12:00am
New York cotton eases back from two-month high

New York cotton eases back from two-month high

Cotton futures dipped on Wednesday, slipping off a two-month peak, as investors took to the sidelines ahead of the monthly supply/demand report from the US Department of Agriculture. Benchmark March cotton futures settled down 0.09 cent at 96.87 cents per
Published 12 Jan, 2012 12:00am
Habib Bank Limited

Habib Bank Limited

Sitting on the industry's second largest asset portfolio, Habib Bank Limited (HBL) provides myriad of banking facilities and products, with key focus in retail and consumer banking. With around Rs 990 billion in assets as of 30th September, 2011, the bank
Published 12 Jan, 2012 12:00am
Habib Bank Limited

Habib Bank Limited

Sitting on the industry's second largest asset portfolio, Habib Bank Limited (HBL) provides myriad of banking facilities and products, with key focus in retail and consumer banking. With around Rs 990 billion in assets as of 30th September, 2011, the bank
Published 12 Jan, 2012 12:00am
CNG stations remain closed in Multan for third day

CNG stations remain closed in Multan for third day

Multan region is facing CNG closure for the third consecutive day today (Wednesday) under the gas load management programme. According to CNG Association, 216 gas stations in Vehari, Khanewal, Muzaffargarh, Dera Ghazi Khan and Layyah are closed for the th
Published 12 Jan, 2012 12:00am
Prolonged winter expected this year: MET

Prolonged winter expected this year: MET

Director General MET office, Muhammad Hanif said that the excessive wave of winter season will continue more than usual this year by two to three weeks in the country. Talking to PTV on Wednesday, DG MET said that extreme weather situation will prevail in
Published 12 Jan, 2012 12:00am
Ministers can't sue churches for bias

Ministers can't sue churches for bias

The US Supreme Court ruled on Wednesday for the first time in an important church-state separation issue that ministers cannot sue their churches claiming they had been fired in violation of employment discrimination laws. The justices unanimously overtur
Published 12 Jan, 2012 12:00am
US top court rejects special review of eyewitness testimony

US top court rejects special review of eyewitness testimony

The US Supreme Court ruled on Wednesday that the Constitution does not require a special judicial inquiry into the potential unreliability of eyewitness testimony in criminal cases when there has been no police misconduct. By a 8-1 vote, the high court si
Published 12 Jan, 2012 12:00am
Republicans head to South Carolina, guns blazing

Republicans head to South Carolina, guns blazing

Republican presidential contenders brought buckets of cash and sharpened rhetoric to South Carolina on Wednesday for an intense 10-day battle that may define whether anyone can stop front-runner Mitt Romney's march to the party's nomination.
Published 12 Jan, 2012 12:00am
Fake memo but real code? India-US hacking mystery deepens

Fake memo but real code? India-US hacking mystery deepens

A memo that triggered a US investigation into a possible cyber-attack by Indian military intelligence is probably a fake, but it is clear from leaked documents that serious security breaches did take place. A little-known hacker group, 'Lords of Dharmaraj
Published 12 Jan, 2012 12:00am
Libya approves appointment of SWF board of trustees

Libya approves appointment of SWF board of trustees

Libya's interim government has approved the appointment of a board of trustees for the $65 billion Libyan Investment Authority (LIA), the state news agency reported on Wednesday, paving the way for appointing new management for the fund. "The cabinet appr
Published 12 Jan, 2012 12:00am
South Korea think-tank warns of North's 'military adventurism'

South Korea think-tank warns of North's 'military adventurism'

North Korea's young new leader Kim Jong-un will likely order a third nuclear test or another missile launch later this year to boost his military image and consolidate his grip on power, a government think-tank in Seoul said on Wednesday. The foreign mini
Published 12 Jan, 2012 12:00am
Assad promises victory; Syria accused of war crimes

Assad promises victory; Syria accused of war crimes

Syrian President Bashar al-Assad vowed on Wednesday to vanquish "foreign conspirators" plotting to end his rule and a Frenchman became the first foreign journalist to be killed in 10 months of unrest that has cost thousands of lives in Syria.
Published 12 Jan, 2012 12:00am
Nigerian oil union threatens to shut down crude output

Nigerian oil union threatens to shut down crude output

Nigerian oil workers threatened on Wednesday to shut down output in Africa's top crude producer, deepening a national strike over a more than doubling of petrol prices. With the government and unions locked in a showdown which has paralysed Nigeria for th
Published 12 Jan, 2012 12:00am
Yemen gives rival forces 48 hours to quit capital

Yemen gives rival forces 48 hours to quit capital

A Yemeni committee tasked with demilitarising the capital has given 48 hours to armed opponents and backers of outgoing President Ali Abdullah Saleh to begin withdrawing after months of street fighting, state news agency Saba said on Wednesday. The presen
Published 12 Jan, 2012 12:00am
Muslim Brotherhood hails ties with US

Muslim Brotherhood hails ties with US

The head of the political arm of Egypt's Muslim Brotherhood on Wednesday hailed US-Egyptian ties during talks with the US State Department's number two, but also said they must be "balanced." The meeting with US Deputy Secretary of State William Burns at
Published 12 Jan, 2012 12:00am
EU launches new challenge over payment card fees

EU launches new challenge over payment card fees

The European Commission plans to lower retailers' costs for accepting debit and credit card payments in a renewed challenge to dominant players such as Visa and MasterCard, a green paper revealed on Wednesday. Retailers typically pay a fee to card issuers
Published 12 Jan, 2012 12:00am
Israel moves to outlaw use of Nazi symbols

Israel moves to outlaw use of Nazi symbols

Israel's parliament gave initial approval on Wednesday to laws to curb public use of Nazi symbols after ultra-Orthodox protesters caused outrage by calling police Nazis and wearing concentration camp garb. Four bills swiftly passed one of five rounds of v
Published 12 Jan, 2012 12:00am
Two Pakistani players win titles in Scottish squash championship

Two Pakistani players win titles in Scottish squash championship

Two promising junior squash players from Punjab, Umer Allauddin and Hamza Bokhari won titles in different age groups in Scottish Junior squash championsship in Scotland on Wednesday Umer, a new discovery in national junior squash, is the son of former wor
Published 12 Jan, 2012 12:00am
Aizaz Cheema writes off England batting woes

Aizaz Cheema writes off England batting woes

Fast-rising paceman Aizaz Cheema Wednesday said the Pakistan team was not reading much into England's recent run of poor batting displays, acknowledging that Test matches would be a different ball game. England, which rose to world number one in Test rank
Published 12 Jan, 2012 12:00am
Media to get access to PCB affairs: Zaka Ashraf

Media to get access to PCB affairs: Zaka Ashraf

The recently installed Pakistan Cricket Board (PCB) Chairman Zaka Ashraf said on Wednesday that board would liked to muster the support in streamlining and improving the affairs of cricket. "Media would get access to information of cricket affairs in PCB,
Published 12 Jan, 2012 12:00am
No rift in Indian camp: Dravid

No rift in Indian camp: Dravid

Senior batsman Rahul Dravid has dismissed claims of a rift in the Indian camp ahead of the third Test against Australia starting Friday in Perth. Reports in the Australian media, fuelled by India's limp performances in the first two Tests of the series, h
Published 12 Jan, 2012 12:00am
Cook's hundred spices up England batting

Cook's hundred spices up England batting

Opener Alastair Cook struck a fighting hundred to prop up a struggling England batting display against a Pakistan Cricket Board XI in their second three-day tour match here on Wednesday. The 27-year-old left-hander hit an attractive 133 to lift England, s
Published 12 Jan, 2012 12:00am
Russia set to criminalise match-fixing

Russia set to criminalise match-fixing

Russia is to introduce a new law before parliament which would for the first time allow criminal prosecution for match-fixing in football in the country, officials said Wednesday. A proposal from Federal Audit Chamber chairman Sergei Stepashin received th
Published 12 Jan, 2012 12:00am
Real beat Malaga, set up Barca quarter-final

Real beat Malaga, set up Barca quarter-final

Holders Real Madrid beat Malaga 1-0 in the Spanish Cup on Tuesday as Karim Benzema took them through to a near certain, mouth-watering quarter-final clash with Barcelona. Real Madrid already had a one-goal advantage after their 3-2 win in the Bernabeu and
Published 12 Jan, 2012 12:00am
Kvitova closes on top ranking as Wozniacki loses

Kvitova closes on top ranking as Wozniacki loses

Caroline Wozniacki was dumped from the Sydney International on Wednesday, opening the way for rival Petra Kvitova to seize the world number one ranking heading into next week's Australian Open. Wozniacki crashed out to Polish world number eight Agnieszka
Published 12 Jan, 2012 12:00am
Jet-lagged Tsonga slips to Kooyong defeat

Jet-lagged Tsonga slips to Kooyong defeat

A jetlagged Jo-Wilfried Tsonga paid the price for a flight halfway round the world on Wednesday as he lost his Kooyong Classic opener in straight sets to Austria's Jurgen Melzer. The eight-man Kooyong tournament, where players face three matches in the sp
Published 12 Jan, 2012 12:00am
Del Potro to play Baghdatis in Sydney quarters

Del Potro to play Baghdatis in Sydney quarters

Juan Martin Del Potro brushed aside Lukasz Kubot Wednesday to reach the quarter-finals of the Sydney International, as the Argentine edges closer to cracking the top ten rankings this year. World number 11 Del Potro, clawing his way back up the rankings a
Published 12 Jan, 2012 12:00am
Yuan flat

Yuan flat

China's yuan was virtually flat on Wednesday, as the market took a cautious attitude following data the previous day showing a fall in the country's annual trade surplus and a marked slowdown in imports. Spot yuan closed at 6.3155 on Wednesday, virtually
Published 12 Jan, 2012 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc traded near flat against the euro and slightly weaker against the dollar on Wednesday as investors continued to weigh up just how determined the Swiss National Bank is to defend the franc's cap against the euro. At 0814 GMT, the franc was
Published 12 Jan, 2012 12:00am
Singapore dollar and won down

Singapore dollar and won down

The Singapore dollar and the South Korean won weakened on Wednesday as investors cut holdings in emerging Asian currencies on concerns over the eurozone sovereign funding before key bond sales, although inflows supported a few regional units. The Taiwan d
Published 12 Jan, 2012 12:00am
Indian rupee snaps three-day rise

Indian rupee snaps three-day rise

The Indian rupee snapped a three-day rising streak to end down on Wednesday, after see-sawing through the day, tracking choppy shares, with dollar demand from oil importers and a weak euro weighing. The rupee closed at 51.90/91 to the dollar, 0.4 percent
Published 12 Jan, 2012 12:00am
New Zealand dollar hits fresh highs

New Zealand dollar hits fresh highs

The New Zealand dollar hit an all-time high against the euro on Wednesday, while the Australian currency fell prey to light profit taking a day ahead of a European Central Bank policy meeting and Spain's debt auction. The euro reached a fresh lifetime low
Published 12 Jan, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 83.10-83.38 (previous 82.95-82.99). Call Money Rates: 20.00 percent (previous 12.00-20.00 percent.
Published 12 Jan, 2012 12:00am
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