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Archive - 2012-01-16
LSE gains 18.05 points
Markets

LSE gains 18.05 points

LAHORE: Bullish trend prevailed in Lahore Stock Exchange on Monday, as it gained 18.05 points, following the LSE-25 inde
Published 16 Jan, 2012 02:48pm
New price list of edibles: AC
Markets

New price list of edibles: AC

HUNZA: Stern action would be taken against those shopkeepers selling products on higher rates, said Assistant Commission
Published 16 Jan, 2012 01:07pm
Around 5m illegal immigrants in Pakistan
Top News

Around 5m illegal immigrants in Pakistan

ISLAMABAD : Around five million illegal immigrants have been residing in different cities of Pakistan for more than th
Published 16 Jan, 2012 12:17pm
$3mn grant to water quality institute
Top News

$3mn grant to water quality institute

ISLAMABAD : The Pakistan Council of Research in Water Resources (PCRWR) is setting up a water quality institute in colla
Published 16 Jan, 2012 12:02pm
SC summons PM Gilani on Jan. 19
Top News

SC summons PM Gilani on Jan. 19

KARACHI: Supreme Court after a grace period of twenty minutes has issued contempt of court notice to the Prime Minister
Published 16 Jan, 2012 07:49am
Putin says opposition has few ideas
Top News

Putin says opposition has few ideas

MOSCOW: Russian Prime Minister Vladimir Putin accused the opposition movement on Monday of focusing too much on personal
Published 16 Jan, 2012 05:36am
Gold slips to Rs 48,257
Top News

Gold slips to Rs 48,257

KARACHI: Gold slipped by Rs 43 to close at Rs 48,257 per 10 grams in the local market Monday as its international price
Published 16 Jan, 2012 04:33am
KSE-100 Index closing update
Top News

KSE-100 Index closing update

Recorder Report:
KARACHI: On Monday, after market closure, KSE-100 Index value was 11,112.65 with a net positive ch
Published 16 Jan, 2012 04:32am
Government faces legal challenges
Top News

Government faces legal challenges

ISLAMABAD: Government faces a day of legal challenges on Monday, with two court hearings that could pave the way to unse
Published 16 Jan, 2012 04:30am
Cotton prices: In limbo!
BR Research

Cotton prices: In limbo!

Speculations are rife over the cotton outlook for 2012 after high volatility in the previous year. For cotton growers, 2012 started on a pos
Published 16 Jan, 2012 12:00am
Dalglish laments toothless Liverpool

Dalglish laments toothless Liverpool

Liverpool manager Kenny Dalglish believes that a lack of imagination is the reason for his team's miserable home run. The Reds are unbeaten in the Premier League at Anfield but have drawn seven of their home games, managing just four victories.
Published 16 Jan, 2012 12:00am
Thousands bid farewell to Turkish football star

Thousands bid farewell to Turkish football star

About 10,000 people, including fans from several Turkish clubs, bid farewell on Sunday to Lefter Kucukandonyadis, one of Turkey's top football players, who has died at 86. Prime Minister Recep Tayyip Erdogan and Egemen Bagis, Turkey's EU minister, atended
Published 16 Jan, 2012 12:00am
Atletico Madrid beats Villarreal 3-0 in Spain

Atletico Madrid beats Villarreal 3-0 in Spain

Atletico Madrid coach Diego Simeone won on his home debut Sunday as his new team beat Villarreal 3-0 in the Spanish league thanks to Radamel Falcao's brace.
Published 16 Jan, 2012 12:00am
Australia rout India to seal series

Australia rout India to seal series

Australia routed India by an innings and 37 runs inside three days on Sunday to seal a crushing 3-0 series victory against the hapless tourists. Rahul Dravid and M.S. Dhoni were out before lunch at the WACA Ground in Perth and Australia cleaned up the tai
Published 16 Jan, 2012 12:00am
Tendulkar returns to one-day side for tri-series

Tendulkar returns to one-day side for tri-series

Sachin Tendulkar will figure in an upcoming tri-series in Australia after he was named on Sunday in a limited overs squad for the first time since last year's World Cup. The tournament, also featuring Sri Lanka, is scheduled to run from February 5 to Mar.
Published 16 Jan, 2012 12:00am
Pakistan and England aim to bury spot-fixing ghost

Pakistan and England aim to bury spot-fixing ghost

Pakistan and England hope to move on from the 2010 spot-fixing case as they enter the first of three Tests starting in Dubai stadium from Tuesday - their first encounter since the scandal. Salman Butt, then Pakistan's Test captain, and pacemen Mohammad As
Published 16 Jan, 2012 12:00am
Hughes makes losing start as Newcastle floor QPR

Hughes makes losing start as Newcastle floor QPR

Mark Hughes made a losing start as Queens Park Rangers manager when the relegation-threatened side were beaten 1-0 at Newcastle United in the Premier League on Sunday. Leon Best stroked home a fine winner in the 37th minute to send Newcastle up to sixth p
Published 16 Jan, 2012 12:00am
India captain Dhoni suspended for Adelaide test

India captain Dhoni suspended for Adelaide test

India's woes have been compounded after the innings and 37-run loss to Australia on Sunday when Mahendra Singh Dhoni became the first test skipper to be banned under tough new guidelines on over rates. No 2-ranked India has been outplayed in three losses
Published 16 Jan, 2012 12:00am
Amla drops out of ODI squad

Amla drops out of ODI squad

Top-ranked one-day batsman Hashim Amla has dropped out of South Africa's limited-overs squad for the rest of the series against Sri Lanka because his wife is expecting their first child. Amla was one of three changes made to the Proteas squad on Sunday fo
Published 16 Jan, 2012 12:00am
'Siemens' 2012 goals harder to reach'

'Siemens' 2012 goals harder to reach'

German engineering group Siemens AG will have a harder time reaching the 2012 targets it set out in November because of customers' worries about the European debt crisis and pricing pressure in several businesses, the conglomerate's finance chief said on
Published 16 Jan, 2012 12:00am
Skyscrapers have unhealthy link to financial crises: Barclays

Skyscrapers have unhealthy link to financial crises: Barclays

The construction of enormous skyscrapers has an "unhealthy' link with looming financial crises and investors should therefore keep a close eye on China and India, Barclays Capital said on January 11. China is currently the biggest builder of skyscrapers,
Published 16 Jan, 2012 12:00am
Nissan-Renault see more record sales

Nissan-Renault see more record sales

Nissan-Renault will achieve another sales record this year after posting a 10 percent jump in global sales to 8.03 million vehicles in 2011, alliance chief Carlos Ghosn said on January 10. With a host of fresh products and demand set to grow in all market
Published 16 Jan, 2012 12:00am
Shuaa to expand credit finance unit into Saudi

Shuaa to expand credit finance unit into Saudi

Dubai-based investment bank Shuaa Capital is expanding its profitable credit finance business, Gulf Finance Corp (GFC), into Saudi Arabia and may offer a stake in the unit to new investors, is chief executive said.
Published 16 Jan, 2012 12:00am
HSBC sees Dubai meeting 2012 debt maturities

HSBC sees Dubai meeting 2012 debt maturities

HSBC Holdings expects Dubai to meet its upcoming debt obligations this year and said international banks' appetite to refinance the emirates' liabilities will not be impacted by the euro zone crisis.
Published 16 Jan, 2012 12:00am
Troubled Kodak faces UK pension woes

Troubled Kodak faces UK pension woes

Eastman Kodak, an American icon that is struggling to survive, could find that one of its costliest problems hails from overseas. The bill is coming due for years of generous pensions and other benefits that the photography company promised employees, esp
Published 16 Jan, 2012 12:00am
LG targets 17 percent TV sales jump, Google TV in first quarter

LG targets 17 percent TV sales jump, Google TV in first quarter

LG Electronics Inc , the world's No 2 TV manufacturer, aims to boost television shipments by up to 17 percent this year and launch Internet-enabled TVs powered by Google's Android software as early as late in the first quarter, a senior executive said.
Published 16 Jan, 2012 12:00am
LG targets 17 percent TV sales jump, Google TV in first quarter

LG targets 17 percent TV sales jump, Google TV in first quarter

LG Electronics Inc , the world's No 2 TV manufacturer, aims to boost television shipments by up to 17 percent this year and launch Internet-enabled TVs powered by Google's Android software as early as late in the first quarter, a senior executive said.
Published 16 Jan, 2012 12:00am
First Intel-powered smartphone to debut in China

First Intel-powered smartphone to debut in China

US chip titan Intel on January 10 announced it will move into the booming smartphone market with a China debut of a handset made by computer powerhouse Lenovo. "The best of Intel computing is now coming to smartphones," the California-based company's chie
Published 16 Jan, 2012 12:00am
Coating lets smartphones survive under water

Coating lets smartphones survive under water

As sleek new smartphones prepared to make splashes at the Consumer Electronics Show here on January 9, a California firm was out to prevent water from being the death of them. Liquipel was showing off a clear coating a thousand times thinner than a human
Published 16 Jan, 2012 12:00am
Huawei debuts world's thinnest smartphone

Huawei debuts world's thinnest smartphone

Chinese telecommunications equipment maker Huawei showed off what it said was the world's thinnest smartphone on January 9 at the Consumer Electronics Show in Las Vegas. The sleek Ascend P1 is just 6.68 mm thick and boasts an 11 cm screen and a dual core
Published 16 Jan, 2012 12:00am
HP unveils new glass encased laptop

HP unveils new glass encased laptop

Hewlett-Packard Co on January 9 unveiled a new glass-encased laptop computer as the largest computer maker stepped up its efforts to chip away at rival Apple Inc's stronghold in high-end PC market. The laptop, called HP Envy 14 Spectre, is the Silicon Val
Published 16 Jan, 2012 12:00am
User interface revolution coming to computers, TVs

User interface revolution coming to computers, TVs

Control your television with your voice or a wave of the hand. Run your laptop with your eyes. New user interface technologies on display at the Consumer Electronics Show (CES) in Las Vegas are making a world without buttons, keyboards or even touchscreen
Published 16 Jan, 2012 12:00am
Ericsson predicts totally networked society by 2015

Ericsson predicts totally networked society by 2015

About 92 percent of the world's population will have mobile coverage by 2015, Ericsson president and CEO Hans Vestberg said on January 11 at the Consumer Electronics Show in Las Vegas.
Published 16 Jan, 2012 12:00am
LG TV crowned best gadget of Consumer Electronics Show

LG TV crowned best gadget of Consumer Electronics Show

A razor-thin television from LG Electronics was crowned best gadget of the Consumer Electronics Show (CES) on January 12 and Microsoft was a big winner in its final appearance at the annual trade event. The 55-inch (140-centimeter) TV set from the South K
Published 16 Jan, 2012 12:00am
Acer unveils world's thinnest laptop

Acer unveils world's thinnest laptop

Acer on January 8 unveiled the world's thinnest laptop computer at the Consumer Electronics Show in Las Vegas. "That S5 is quite significant," analyst Tim Bajarin of Creative Strategies said after the Acer press event. "It looks like the thinnest and ligh
Published 16 Jan, 2012 12:00am
Google makes search personal

Google makes search personal

Google on January 10 wove content from its social network and Picasa photo-sharing service into its search formula to serve up personalised results to online queries. "Search plus your world" was billed as a major change to the leading Internet search eng
Published 16 Jan, 2012 12:00am
Android-powered watches get Internet savvy

Android-powered watches get Internet savvy

The Internet was strapped to wrists at the Consumer Electronics Show on January 11 in the form of Android-powered "smart watches" that serve up online content along with telling time. Japanese consumer electronics titan Sony and venture-backed Italian sta
Published 16 Jan, 2012 12:00am
World's deepest sea vents reveal unknown creatures

World's deepest sea vents reveal unknown creatures

The ocean's deepest volcanic vents, kilometres below the surface, are teeming with life forms never before seen that thrive near super-hot underwater geysers, according to a new study. Eyeless shrimps and white-tentacled anemones were photographed bunched
Published 16 Jan, 2012 12:00am
Child leukaemia doubles near French nuclear plants

Child leukaemia doubles near French nuclear plants

The incidence of leukaemia is twice as high in children living close to French nuclear power plants as in those living elsewhere in the country, a study by French health and nuclear safety experts has found. But the study, to be published soon in the Inte
Published 16 Jan, 2012 12:00am
Most toddler vaccines not linked to blood disease

Most toddler vaccines not linked to blood disease

Although the MMR vaccine has been linked to a heightened risk of a rare blood disorder, other childhood vaccines do not appear to be, researchers reported on January 09. The disorder is called immune thrombocytopenic purpura, or ITP, and it arises when th
Published 16 Jan, 2012 12:00am
Cut back on soot, methane to slow warming: study

Cut back on soot, methane to slow warming: study

There are simple, inexpensive ways to cut back on two major pollutants - soot and methane - and taking action now could slow climate change for years to come, international scientists said on January 12.
Published 16 Jan, 2012 12:00am
Broken heart boosts risk of cardiac attacks

Broken heart boosts risk of cardiac attacks

Grief over the death of a loved one can cause a huge spike in a person's risk of heart attack, especially in the early days after the loss, said a US study on January 09. The research tracked nearly 2,000 adults who survived a heart attack and found that
Published 16 Jan, 2012 12:00am
Healthy eating may help ADHD kids

Healthy eating may help ADHD kids

Simply eating healthier may improve the behaviour of children with attention deficit hyperactivity disorder if therapy and medication fail, said a study published on January 09 in the journal Pediatrics. Researchers, however, said that their review of rec
Published 16 Jan, 2012 12:00am
Stroke patients maintain benefits of robot therapy

Stroke patients maintain benefits of robot therapy

Stroke patients who have the most trouble walking may see lasting benefits from using machines that move their legs to simulate walking, say Italian researchers. Their study, although small, is one of the first to observe a benefit lasting at least two ye
Published 16 Jan, 2012 12:00am
Next ice age not likely before 1,500 years

Next ice age not likely before 1,500 years

High levels of carbon dioxide emissions in the atmosphere mean the next ice age is unlikely to begin for at least 1,500 years, an article in the journal Nature Geoscience said on January 09. Concentrations of the main gases blamed for global warming reach
Published 16 Jan, 2012 12:00am
Multi-sectoral strategy stressed to beat dengue

Multi-sectoral strategy stressed to beat dengue

Multi-sectoral strategy is needed for effective control on dengue and prevent it from transforming into an epidemic in the coming season. Effective role and commitment of all stakeholders including government departments, NGOs, public representatives and
Published 16 Jan, 2012 12:00am
128 teachers get incentive package after eight years

128 teachers get incentive package after eight years

On the orders of the Ombudsman Punjab, Khalid Mehmood, EDO (Education) Mandi Bahauddin paid an amount of Rs 2.39 million to 128 best teachers, on account of incentive package for schoolteachers after 8 years while a number of deserving teachers amongst th
Published 16 Jan, 2012 12:00am
Funeral prayer of Arfa Karim offered

Funeral prayer of Arfa Karim offered

The funeral prayer of Arfa Karim, the world's youngest Microsoft Certified Professional (MCP) was offered here on Sunday. Chief Minister Punjab Muhammad Shahbaz Sharif and various other political leaders, government officials and large number of people at
Published 16 Jan, 2012 12:00am
Concern voiced over rising trade deficit

Concern voiced over rising trade deficit

Multan Chamber of Commerce & Industry (MCCI) President Anis A Sheikh has expressed his concern on the depreciation of Pak rupee and rising trade deficit describing it detrimental to the country's economy. The current increase in trade deficit will drag ec
Published 16 Jan, 2012 12:00am
Multan Bar elects office-bearers

Multan Bar elects office-bearers

Hafiz Allah Ditta Kashif and Muhammad Afzal Jatt have been elected as President and General Secretary of Multan Bar Association after a tough contest in which more than 3,000 lawyers exercised their right to vote. For the slot of president, Hafiz Allah Di
Published 16 Jan, 2012 12:00am
'Training of over 0.1 million school heads, teachers completed'

'Training of over 0.1 million school heads, teachers completed'

Punjab Education Foundation has completed capacity building of as many as 100,000,360,00 teachers and heads of private schools in the province so that academic standard of low-cost private schools could be improved by enhancing the teaching skills of the
Published 16 Jan, 2012 12:00am
Al Qaeda militants seize Yemen town, Norwegian kidnapped

Al Qaeda militants seize Yemen town, Norwegian kidnapped

Al Qaeda militants have seized a small town south-east of Yemen's capital Sanaa on Sunday in another setback to efforts to restore order after President Ali Abdullah Saleh formally handed over power following almost a year of mass protests against his rul
Published 16 Jan, 2012 12:00am
Huge gathering of Muslims ends in Bangladesh

Huge gathering of Muslims ends in Bangladesh

One of the world's largest Muslim gatherings has ended outside the Bangladeshi capital with a call for peace and the revival of Islamic tenets.
Published 16 Jan, 2012 12:00am
Syria issues amnesty for 'crimes' during uprising

Syria issues amnesty for 'crimes' during uprising

Syrian President Bashar al-Assad granted an amnesty on Sunday for crimes committed since the outbreak of a 10-month-old uprising against his rule, the state news agency SANA reported.
Published 16 Jan, 2012 12:00am
Netanyahu deputy 'disappointed' with Obama on Iran

Netanyahu deputy 'disappointed' with Obama on Iran

A senior Israeli official voiced disappointment in the Obama administration on Sunday, saying "election-year considerations" lay behind its caution over tough Iran sanctions sought by US legislators.
Published 16 Jan, 2012 12:00am
Soldier faces hearing at Afghan base over suicide

Soldier faces hearing at Afghan base over suicide

An American soldier charged with abuse that led to the suicide of a 19-year-old fellow soldier in Afghanistan is facing a preliminary hearing Sunday on a base in the country, the US military said. Spc. Ryan J. Offutt is charged with offenses including mal
Published 16 Jan, 2012 12:00am
US military chief to Israel as Iran tension grows

US military chief to Israel as Iran tension grows

The top US military commander is scheduled for talks in Israel this week, Israel said Sunday, at a time when the US is concerned that Israel might be preparing to attack Iran over its nuclear program. The Israeli Defence Ministry confirmed the planned vis
Published 16 Jan, 2012 12:00am
Two more bodies found on ship; three people rescued

Two more bodies found on ship; three people rescued

Divers found the bodies of two elderly men inside a capsized cruiseliner on Sunday, bringing the known death toll from a spectacular accident off Italy's coast to five, with another 70 people injured.
Published 16 Jan, 2012 12:00am
Iraq's political blocs inch ahead in crisis talks

Iraq's political blocs inch ahead in crisis talks

Iraq's political blocs held their first talks on Sunday since the start of a crisis that risks reviving sectarian violence and scuttling a power-sharing government among Sunni Muslims, Shi'ites and Kurds.
Published 16 Jan, 2012 12:00am
Bahrain king announces constitutional reforms

Bahrain king announces constitutional reforms

Bahrain's king announced constitutional amendments on Sunday giving parliament more powers of scrutiny over government, but the opposition said they fell far short of demands for democracy that have driven a year of unrest in the Gulf Arab state.
Published 16 Jan, 2012 12:00am
Libyan parties reject draft election law

Libyan parties reject draft election law

Twelve moderate Islamist parties in Libya have rejected a proposed election law because it encourages voting along tribal lines and gives undue influence to the wealthy, they said late on Saturday. The draft law, published by the National Transitional Cou
Published 16 Jan, 2012 12:00am
Russia assails US over Guantanamo prison

Russia assails US over Guantanamo prison

Russia's Foreign Ministry has accused the US of breaking international law by keeping terror suspects in indefinite custody without trial at the Guantanamo Bay prison. In a statement posted on its website Sunday, the ministry said the prison at the US Nav
Published 16 Jan, 2012 12:00am
Kenyan jets bomb Somali rebel base, kill 14

Kenyan jets bomb Somali rebel base, kill 14

Kenyan jets bombed an al Shabaab rebel base in southern Somalia on Sunday, killing a family of seven as well as seven fighters from the insurgent group linked to al Qaeda, residents said. Kenya sent troops into anarchic Somalia in October after raids and
Published 16 Jan, 2012 12:00am
Retaliation over EU carbon fee

Retaliation over EU carbon fee

The EU law, which requires global airlines to pay for carbon emissions on flights to and from Europe with effect from 1st January, 2012 has evoked a severe response from the US authorities and other nations. According to a senior US administration officia
Published 16 Jan, 2012 12:00am
Saleem Shahzad Commission's report

Saleem Shahzad Commission's report

The much-awaited report of the commission the government had set up to investigate the kidnapping and brutal murder of journalist Saleem Shahzad is out - and disappointingly unhelpful in establishing the truth. It says "Saleem's writings probably, did, an
Published 16 Jan, 2012 12:00am
Acts of profound activism

Acts of profound activism

Today is a critical day for the government. The short order by the five-member bench on 10 January did not contain a judgement and, perhaps, unprecedented in world judicial history gave six options to a larger seven-member bench that will hear the case to
Published 16 Jan, 2012 12:00am
Can the world phase out nuclear power?

Can the world phase out nuclear power?

Japanese politicians and business leaders said Japan needs atomic energy for sustainable economic development even after the nation's worst nuclear disaster, but some experts at an anti-nuclear conference argued Sunday that was behind the times.
Published 16 Jan, 2012 12:00am
Balkan countries join forces to fight HIV/AIDS stigma

Balkan countries join forces to fight HIV/AIDS stigma

Pressured to quit his job after telling his bosses he was HIV-positive, Boris Kovacic shares the plight of thousands in the Balkans who face prejudice because of a stubborn stigma surrounding HIV/AIDS. When he was diagnosed 10 years ago, Kovacic promptly
Published 16 Jan, 2012 12:00am
Vision, philosophy and nonsense

Vision, philosophy and nonsense

This refers to January 7 media reports, quoting excerpts from senior PPP leader, Aitzaz Ahsan's interview to a local TV channel. According to report, Ahsan, during the above interview stressed the need for following vision and philosophy of Zulfiqar Ali B
Published 16 Jan, 2012 12:00am
Younus Bashir resigns from SVP KCCI

Younus Bashir resigns from SVP KCCI

Senior Vice President, Karachi Chamber of Commerce and Industry (KCCI), Younus Muhammad Bashir, has resigned as SVP of the chamber and from the membership of Businessmen Group (BMG) owing to some differences with the group.
Published 16 Jan, 2012 12:00am
Haroon visits Expo Asia 2012 IT Communication

Haroon visits Expo Asia 2012 IT Communication

Sindh Minister for Information & Technology Muhammad Raza Haroon has visited the Expo Asia 2012 IT Communication, which is joint venture of Hyderabad Chamber of Commerce & Industry and Fateh Group held in Dial Das Club, Hyderabad.
Published 16 Jan, 2012 12:00am
Memogate scandal is product of the US: JI

Memogate scandal is product of the US: JI

Secretary General of the Jamaat-i-Islami, Liaqat Baloch has said that memogate scandal is the product of the US, aiming at creating differences in the nation and proving the country as a failed state. He further said that Asif Ali Zardari was a controvers
Published 16 Jan, 2012 12:00am
Free medical camp organised at Punjgran

Free medical camp organised at Punjgran

All out efforts will be made to provide Community Centres in different localities of rural area through Public Private Partnership, so that community welfare activities could be formalised and carried out from these centres. Our strategy and focus should
Published 16 Jan, 2012 12:00am
Effective law to deal with wall chalking suggested

Effective law to deal with wall chalking suggested

Administrator KMC Muhammad Hussain Syed has said that an effective law to deal with the major problem of graffiti (wall chalking) had been suggested so that those who indulged in mutilating the city's face could be awarded with strict punishment. He said
Published 16 Jan, 2012 12:00am
EMRA elects office-bearers

EMRA elects office-bearers

Lahore Electronic Media Reporters Association (EMRA), the city based, largest body of reporters of Electronic media arranged its annual elections in Lahore on Sunday where journalist Tanvir Shahzad (DW) was elected as president of the body.
Published 16 Jan, 2012 12:00am
Erra projects: Rs 50 billion required for speedy completion

Erra projects: Rs 50 billion required for speedy completion

Earthquake Reconstruction and Rehabilitation Authority (Erra) requires Rs 50 billion for fiscal year (2012-13) for working on the projects speedily. Talking to APP, Director Planning Erra, Brigadier Pervez H Niazi said, "We are facing a loss of 30 to 40 p
Published 16 Jan, 2012 12:00am
Sindh government to bear expenses of Mehdi Hassan's treatment

Sindh government to bear expenses of Mehdi Hassan's treatment

Sindh Government will bear the expenses of the treatment of legendary singer of the country, Mehdi Hassan, who is under treat at a private hospital here. According to a statement issued here on Sunday, President Asif Ali Zardari has given special directiv
Published 16 Jan, 2012 12:00am
Light rain likely

Light rain likely

The met office has forecast partly cloudy weather with chances of light rain in the metropolis in next 24 hours. Minimum temperature will remain in the range of 13 to 15 degrees Celsius, it added.
Published 16 Jan, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 09 to January 13, 2012).

Published 16 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (January 15, 2012) and the forecast for Monday (January 16, 2012).

Published 16 Jan, 2012 12:00am
THE RUPEE: upward trend

THE RUPEE: upward trend

The rupee, somehow, managed to come out of the bottom, rising versus the dollar on the currency market during the week, ended on January 14, 2012. During the week, in the interbank dealings, the rupee gained 47-paisa in relation to the dollar for buying a
Published 16 Jan, 2012 12:00am
THE RUPEE: upward trend

THE RUPEE: upward trend

The rupee, somehow, managed to come out of the bottom, rising versus the dollar on the currency market during the week, ended on January 14, 2012. During the week, in the interbank dealings, the rupee gained 47-paisa in relation to the dollar for buying a
Published 16 Jan, 2012 12:00am
Bringing dollar below Rs 85: government, ECAP agree to work together

Bringing dollar below Rs 85: government, ECAP agree to work together

Interior Minister A Rehman Malik on Sunday directed the FIA to start crackdown against foreign exchange dealers violating Foreign Exchange Act. He was chairing a meeting of representatives of Exchange Companies Association of Pakistan (ECAP), Federal Inve
Published 16 Jan, 2012 12:00am
Bringing dollar below Rs 85: government, ECAP agree to work together

Bringing dollar below Rs 85: government, ECAP agree to work together

Interior Minister A Rehman Malik on Sunday directed the FIA to start crackdown against foreign exchange dealers violating Foreign Exchange Act. He was chairing a meeting of representatives of Exchange Companies Association of Pakistan (ECAP), Federal Inve
Published 16 Jan, 2012 12:00am
Bringing dollar below Rs 85: government, ECAP agree to work together

Bringing dollar below Rs 85: government, ECAP agree to work together

Interior Minister A Rehman Malik on Sunday directed the FIA to start crackdown against foreign exchange dealers violating Foreign Exchange Act. He was chairing a meeting of representatives of Exchange Companies Association of Pakistan (ECAP), Federal Inve
Published 16 Jan, 2012 12:00am
It's SBP's job to defend PKR

It's SBP's job to defend PKR

Following a turbulent and nervous start of the week that pushed Rupee to a new all-time low of 91.33 against US Dollar, some stability was witnessed in the interbank market at the end of the week. That stability, albeit weak, nevertheless owed its existen
Published 16 Jan, 2012 12:00am
It's SBP's job to defend PKR

It's SBP's job to defend PKR

Following a turbulent and nervous start of the week that pushed Rupee to a new all-time low of 91.33 against US Dollar, some stability was witnessed in the interbank market at the end of the week. That stability, albeit weak, nevertheless owed its existen
Published 16 Jan, 2012 12:00am
It''s SBP''s job to defend PKR

It''s SBP''s job to defend PKR

Following a turbulent and nervous start of the week that pushed Rupee to a new all-time low of 91.33 against US Dollar, some stability was witnessed in the interbank market at the end of the week. That stability, albeit weak, nevertheless owed its existen
Published 16 Jan, 2012 12:00am
Bearish trend witnessed

Bearish trend witnessed

The Karachi share market witnessed bearish trend during the outgoing week ended January 13, 2012 due to uncertainty on political front and the KSE-100 index declined by 110.89 points on week-on-week basis to close at the level of 11,014.46 points.
Published 16 Jan, 2012 12:00am
Bearish trend witnessed

Bearish trend witnessed

The Karachi share market witnessed bearish trend during the outgoing week ended January 13, 2012 due to uncertainty on political front and the KSE-100 index declined by 110.89 points on week-on-week basis to close at the level of 11,014.46 points.
Published 16 Jan, 2012 12:00am
Bearish trend witnessed

Bearish trend witnessed

The Karachi share market witnessed bearish trend during the outgoing week ended January 13, 2012 due to uncertainty on political front and the KSE-100 index declined by 110.89 points on week-on-week basis to close at the level of 11,014.46 points.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Hakimullah Mehsud reported dead in US strike?

Hakimullah Mehsud reported dead in US strike?

Intercepted militant radio communications indicate the leader of the Pakistani Taliban may have been killed in a recent US drone strike, intelligence officials said Sunday. A Taliban official denied that. The claim that the Pakistani Taliban chief was kil
Published 16 Jan, 2012 12:00am
Hakimullah Mehsud reported dead in US strike?

Hakimullah Mehsud reported dead in US strike?

Intercepted militant radio communications indicate the leader of the Pakistani Taliban may have been killed in a recent US drone strike, intelligence officials said Sunday. A Taliban official denied that. The claim that the Pakistani Taliban chief was kil
Published 16 Jan, 2012 12:00am
Iran warns Arab oil producers

Iran warns Arab oil producers

Iran's Gulf Arab neighbours should not raise their production to replace Iranian oil if the European Union goes ahead with a ban on Iranian crude imports, Iran's OPEC governor said on Sunday. The EU has agreed in principle to ban imports of Iranian oil, w
Published 16 Jan, 2012 12:00am
Iran warns Arab oil producers

Iran warns Arab oil producers

Iran's Gulf Arab neighbours should not raise their production to replace Iranian oil if the European Union goes ahead with a ban on Iranian crude imports, Iran's OPEC governor said on Sunday. The EU has agreed in principle to ban imports of Iranian oil, w
Published 16 Jan, 2012 12:00am
I am answerable only to Parliament: Prime Minister

I am answerable only to Parliament: Prime Minister

Prime Minister Syed Yusuf Raza Gilani Sunday said, under the Constitution, he was answerable only to the Parliament and not to any individual. He was responding to a question about a news report that claimed that Chief of the Army Staff General Ashfaq Par
Published 16 Jan, 2012 12:00am
I am answerable only to Parliament: Prime Minister

I am answerable only to Parliament: Prime Minister

Prime Minister Syed Yusuf Raza Gilani Sunday said, under the Constitution, he was answerable only to the Parliament and not to any individual. He was responding to a question about a news report that claimed that Chief of the Army Staff General Ashfaq Par
Published 16 Jan, 2012 12:00am
British Prime Minister agrees to meet Scottish leader on referendum

British Prime Minister agrees to meet Scottish leader on referendum

David Cameron has agreed to meet Scotland's First Minister Alex Salmond in a bid to resolve a row over an independence referendum, the British Prime Minister's spokesman said Sunday. The spokesman for Cameron's Downing Street office said: "The PM has made
Published 16 Jan, 2012 12:00am
Pakistan seeks Afghan talks over Taliban

Pakistan seeks Afghan talks over Taliban

Pakistan has made overtures to Afghanistan to resume talks over the Taliban which broke down following the assassination of Kabul's chief peace envoy, an official said Sunday. Pakistan's support is therefore seen as key to forging peace in the country.
Published 16 Jan, 2012 12:00am
Pakistan seeks Afghan talks over Taliban

Pakistan seeks Afghan talks over Taliban

Pakistan has made overtures to Afghanistan to resume talks over the Taliban which broke down following the assassination of Kabul's chief peace envoy, an official said Sunday. Pakistan's support is therefore seen as key to forging peace in the country.
Published 16 Jan, 2012 12:00am
18 killed in Chehlum procession blast

18 killed in Chehlum procession blast

An explosion took place during a Chehlum procession in the Khanpur area of Rahim Yar Khan on Sunday. Rescue team said that at least 18 people were killed in the explosion. The injured are around a dozen and have been shifted to local Zayed Bin Sultan hosp
Published 16 Jan, 2012 12:00am
18 killed in Chehlum procession blast

18 killed in Chehlum procession blast

An explosion took place during a Chehlum procession in the Khanpur area of Rahim Yar Khan on Sunday. Rescue team said that at least 18 people were killed in the explosion. The injured are around a dozen and have been shifted to local Zayed Bin Sultan hosp
Published 16 Jan, 2012 12:00am
Iran presidential adviser sentenced

Iran presidential adviser sentenced

An Iranian news website says a court has sentenced President Mahmoud Ahmadinejad's press adviser to one year in prison on the charge of insulting Supreme Leader Ayatollah Ali Khamenei. The Sunday report by Mashreghnews says Ali Akbar Javanfekr was banned
Published 16 Jan, 2012 12:00am
Iran presidential adviser sentenced

Iran presidential adviser sentenced

An Iranian news website says a court has sentenced President Mahmoud Ahmadinejad's press adviser to one year in prison on the charge of insulting Supreme Leader Ayatollah Ali Khamenei. The Sunday report by Mashreghnews says Ali Akbar Javanfekr was banned
Published 16 Jan, 2012 12:00am
Illegal adjustments of input tax detected

Illegal adjustments of input tax detected

The Federal Board of Revenue (FBR) has detected that certain registered persons including some big companies falling within the jurisdiction of the Large Taxpayer Units (LTUs) are still claiming input tax adjustment on the basis of invoices not declared b
Published 16 Jan, 2012 12:00am
Government wasting time on TAPI gas pipeline project: PEW

Government wasting time on TAPI gas pipeline project: PEW

The Pakistan Economy Watch (PEW) on Sunday said the government was wasting time on a costly and highly uncertain Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project while ignoring the only viable option of importing gas from Iran.
Published 16 Jan, 2012 12:00am
Gilani should withdraw statement against Army: chief minister Punjab

Gilani should withdraw statement against Army: chief minister Punjab

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that PPP is trying to use parliament for its war against institutions, which they would never allow to succeed. In a statement here on Sunday, the CM said the ruling group is asking for trouble by ad
Published 16 Jan, 2012 12:00am
Urs of Hazrat Data Ganj Bakhsh concludes

Urs of Hazrat Data Ganj Bakhsh concludes

The celebrations of the 968th Urs of Hazrat Data Ganj Bakhsh concluded here on Sunday at his shrine as thousands of devotees bade the annual gala of spiritual and cultural rituals with traditional zeal farewell.
Published 16 Jan, 2012 12:00am
11 including woman held in IHK

11 including woman held in IHK

Indian troops and police have arrested 11 Kashmiris including a woman from Bandipore and Poonch districts in occupied Kashmir. The troops arrested three youths, Mohammad Yousaf Dar, Ghulam Mohammad Wani and Ghulam Hassan Wani, from Pushwari and Naidkhai a
Published 16 Jan, 2012 12:00am
Bomb blast in chehlum procession condemned

Bomb blast in chehlum procession condemned

Punjab Chief Minister, Muhammad Shahbaz Sharif here on Sunday strongly condemned bomb blast in chehlum procession of Hazrat Imam Hussain (RA) at Khanpur district Rahim Yar Khan. He expressed his grief and sorrow with the heirs of those who died in bomb bl
Published 16 Jan, 2012 12:00am
'Chehlum' observed amid tight security arrangements

'Chehlum' observed amid tight security arrangements

The 'Chehlum' Hazrat Imam Hussain (AS) was observed in the provincial metropolis amid tight security arrangements. Mourner processions took out in different cities, towns, and other areas, including southern districts of the province, which were passing t
Published 16 Jan, 2012 12:00am
Musharraf says will stand by Army if it takes over

Musharraf says will stand by Army if it takes over

Former President General Pervez Musharraf has said that he is "reasonably sure" that the military would not resort to a coup in his country but would support the Army if it takes over. He also said he is open for an alliance with Imran Khan, but will not
Published 16 Jan, 2012 12:00am
Speakers call for joint efforts to cope with sectarianism

Speakers call for joint efforts to cope with sectarianism

Speakers at a seminar have called for joint efforts to promote peace and justice and purge the country of the menace of regionalism and sectarianism. Addressing as chief guest at a seminar Central Chairman of National Peace and Justice Council, Mian Abdul
Published 16 Jan, 2012 12:00am
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