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Archive - 2012-01-23
PM urges strong trade ties with Sudan
Top News

PM urges strong trade ties with Sudan

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Tuesday said Pakistan desires to strengthen its relations with Sudan
Published 23 Jan, 2012 06:29pm
LSE gains 124.02 points
Markets

LSE gains 124.02 points

LAHORE: Bullish trend prevailed in Lahore Stock Exchange on Monday, as it gained 124.02 points, following the LSE-25 ind
Published 23 Jan, 2012 05:10pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: On Monday, KSE-100 index remained in the positive zone throughout the market session and closed at a value of 1
Published 23 Jan, 2012 04:00pm
Pak-Iran border once again closed
Top News

Pak-Iran border once again closed

CHAGHAI: Iran on Monday closed Zero point, the trade gate between two countries, in the bordering town of Taftan. Accor
Published 23 Jan, 2012 03:47pm
ISE on bullish trend
Markets

ISE on bullish trend

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 49.27 points
Published 23 Jan, 2012 01:24pm
Enhancing trade with Central Asia
Top News

Enhancing trade with Central Asia

ISLAMABAD: The Central Asian Markets have a big potential of trade and investment for the country as one percent growth
Published 23 Jan, 2012 10:11am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Monday, until 12:40 P.M., KSE-100 index remained in the positive zone with a value of 12,016.13 and a net p
Published 23 Jan, 2012 09:28am
Luxury store wars escalate on London
Top News

Luxury store wars escalate on London

LONDON: When rumours reached Bernard Arnault, the chief executive of luxury goods group LVMH , that an Irish state-run a
Published 23 Jan, 2012 08:11am
Tokyo stocks end mixed
Financial

Tokyo stocks end mixed

TOKYO: Tokyo stocks ended mixed on Monday with investors retreating to the sidelines during the Lunar New Year holiday a
Published 23 Jan, 2012 06:55am
RECORDER REPORT: KSE morning update
Top News

RECORDER REPORT: KSE morning update

KARACHI : The KSE-100 index crossed 12,000 level just after the opening session on the back of aggressive buying mainly
Published 23 Jan, 2012 06:11am
Australian stocks fall 0.34pc
Financial

Australian stocks fall 0.34pc

SYDNEY: Australian stocks lost ground Monday as investors await the outcome of Greece's critical debt negotiations while
Published 23 Jan, 2012 05:38am
Aussie dollar rises to 11-week high
Top News

Aussie dollar rises to 11-week high

LONDON: The Australian dollar rose to an 11-week high versus the US dollar on Monday as traders targeted an option barri
Published 23 Jan, 2012 05:35am
Trade statistics: no ray of hope
BR Research

Trade statistics: no ray of hope

Trade data released by FBS for 6MFY12 showed a continuation of the disturbing trend of falling volumes in Pakistans major export group - tex
Published 23 Jan, 2012 12:00am
OTC derivatives gathering steam
BR Research

OTC derivatives gathering steam

In keeping with growing demand for complex financial products, domestic financial institutions are all set to expand their product line. Fin
Published 23 Jan, 2012 12:00am
Hunt for sixth cellular operator
BR Research

Hunt for sixth cellular operator

At a time when price wars have taken a bite out of the quality of services provided by the telecom sector; the cash starved government is sn
Published 23 Jan, 2012 12:00am
UK profit warnings rise at fastest rate in 10 years

UK profit warnings rise at fastest rate in 10 years

Profit warnings from British companies jumped more than 70 percent in the final three months of 2011, the biggest quarterly rise for a decade, as markets were rocked by economic uncertainty, Ernst & Young said on Sunday. Companies quoted on London's main
Published 23 Jan, 2012 12:00am
UK profit warnings rise at fastest rate in 10 years

UK profit warnings rise at fastest rate in 10 years

Profit warnings from British companies jumped more than 70 percent in the final three months of 2011, the biggest quarterly rise for a decade, as markets were rocked by economic uncertainty, Ernst & Young said on Sunday. Companies quoted on London's main
Published 23 Jan, 2012 12:00am
Spain in Brussels' hands over budget targets: minister

Spain in Brussels' hands over budget targets: minister

Spain will leave it to Brussels to decide if an expected recession warrants an easing of the country's budget deficit targets for this year, its treasury minister said in an interview published on Sunday.
Published 23 Jan, 2012 12:00am
UAE central bank thwarts website hacking attempt

UAE central bank thwarts website hacking attempt

The central bank of the United Arab Emirates has fended off an onslaught from hackers trying to bring down its website, the bank's head of information technology (IT) told Reuters on Sunday.
Published 23 Jan, 2012 12:00am
Canada profit growth slows, fate shackled to Europe

Canada profit growth slows, fate shackled to Europe

Slower profit growth is in the cards for Canada's biggest companies this year, as Europe's downturn dims the outlook but mounting US economic strength provides support. The quarterly reporting period for the country's blue chip corporations swings into hi
Published 23 Jan, 2012 12:00am
Canada profit growth slows, fate shackled to Europe

Canada profit growth slows, fate shackled to Europe

Slower profit growth is in the cards for Canada's biggest companies this year, as Europe's downturn dims the outlook but mounting US economic strength provides support. The quarterly reporting period for the country's blue chip corporations swings into hi
Published 23 Jan, 2012 12:00am
Swiss minister sees franc weakening midterm

Swiss minister sees franc weakening midterm

Switzerland's economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.
Published 23 Jan, 2012 12:00am
M Stanley names Middle East investment banking co-heads

M Stanley names Middle East investment banking co-heads

Morgan Stanley appointed Klaus Froehlich and Amr Diab as its investment banking co-heads for the Middle East and North Africa (MENA), a spokesman for the bank confirmed on Sunday. Froehlich was most recently head of MENA capital markets at the bank, while
Published 23 Jan, 2012 12:00am
UAE cabinet approves $1.3 billion Etihad Rail borrowing

UAE cabinet approves $1.3 billion Etihad Rail borrowing

The United Arab Emirates' cabinet has approved plans for Etihad Rail, the developer of a railway network in the country, to borrow 4.7 billion dirhams ($1.28 billion) to finance part of the construction, Dubai's ruler said on Sunday.
Published 23 Jan, 2012 12:00am
Irish banks in talks about mortgage 'bad bank'

Irish banks in talks about mortgage 'bad bank'

Irish state-controlled banks Allied Irish Banks and permanent tsb are in advanced talks with officials about putting their loss-making tracker mortgages in off-balance sheet vehicles or the former Anglo Irish Bank, The Sunday Business Post reported.
Published 23 Jan, 2012 12:00am
Kuwait's Global, KAMCO cut nearly 100 jobs

Kuwait's Global, KAMCO cut nearly 100 jobs

Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions. Kuwait's Global Investment House has laid off 17 percent of its staff, or 60 employees ou
Published 23 Jan, 2012 12:00am
Kuwait's Global, KAMCO cut nearly 100 jobs

Kuwait's Global, KAMCO cut nearly 100 jobs

Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions. Kuwait's Global Investment House has laid off 17 percent of its staff, or 60 employees ou
Published 23 Jan, 2012 12:00am
Iraq seeks bidders on $450 million Kerbala rail project

Iraq seeks bidders on $450 million Kerbala rail project

Iraq has invited foreign companies to compete for a $450 million monorail project in the southern holy city of Kerbala, which hosts millions of Shi'ite pilgrims each year. The rail line is among many road, railway, port and power projects needed to update
Published 23 Jan, 2012 12:00am
Mercedes to cut over 1.5 billion euros in costs

Mercedes to cut over 1.5 billion euros in costs

Daimler's luxury car brand Mercedes-Benz aims to take out billions in costs every year by reducing the number of vehicle platforms and using more common parts across segments, its research chief said.
Published 23 Jan, 2012 12:00am
Bulgarian coal miners call off strike

Bulgarian coal miners call off strike

Workers at Bulgaria's biggest coal mines on Sunday called off their strike over bonuses and better work conditions which lasted a week and forced the Balkan country to halt electricity exports to its neighbours to avoid power shortages.
Published 23 Jan, 2012 12:00am
Tunisia plotting more misery for Morocco

Tunisia plotting more misery for Morocco

Tunisia are plotting to come out on top against Morocco for a third time in a major international competition when the two sides meet in Monday's maghreb derby at the Africa Cup of Nations. Tunisia came out on top when they defeated their neighbours in th
Published 23 Jan, 2012 12:00am
McCoist keeps faith despite Rangers setback

McCoist keeps faith despite Rangers setback

Rangers manager Ally McCoist is adamant his side can still catch Celtic at the top of the Scottish Premier League despite losing further ground in the title race after being held to a 1-1 draw with Aberdeen at Ibrox.
Published 23 Jan, 2012 12:00am
Sri Lanka triumph in thrilling climax

Sri Lanka triumph in thrilling climax

Sachithra Senanayake struck a six off the penultimate ball to give Sri Lanka a two-wicket triumph over South Africa Sunday in the final match of a five one-day international series won 3-2 by the hosts.
Published 23 Jan, 2012 12:00am
India face humiliating whitewash in Australia

India face humiliating whitewash in Australia

Struggling India are desperate to avoid the ignominy of another 4-0 series wipe-out in the fourth and final Test against Australia starting at the Adelaide Oval on Tuesday. It has been a tour from hell for the Indians, collapsing to heavy defeats in Melbo
Published 23 Jan, 2012 12:00am
Kean insists Samba will stay at Blackburn

Kean insists Samba will stay at Blackburn

Blackburn manager Steve Kean insists Christopher Samba will be at Ewood Park when the transfer window closes despite continuing speculation over the Congo defender's future. Samba, who handed in a transfer request earlier in the week, was left out of the
Published 23 Jan, 2012 12:00am
Brave Clijsters, Wozniacki into quarters

Brave Clijsters, Wozniacki into quarters

Defending champion Kim Clijsters saved four match points in an astounding comeback against China's Li Na Sunday as top seed Caroline Wozniacki also reached the Australian Open quarter-finals. Clijsters, who rolled her ankle midway through the first set an
Published 23 Jan, 2012 12:00am
Strong winds halt Humana Challenge third round

Strong winds halt Humana Challenge third round

Strong winds that toppled trees and blew a scoreboard into a lake caused organizers to suspend the third round of the US PGA Tour Humana Challenge Saturday, with play to resume Sunday. Winds gusting up to 35 miles per hour (56 kph) forced organizers to ha
Published 23 Jan, 2012 12:00am
Late Balotelli penalty keeps City clear of United

Late Balotelli penalty keeps City clear of United

Mario Balotelli scored the winner with a stoppage-time penalty as Premier League leaders Manchester City beat title rivals Tottenham Hotspur 3-2 on Sunday but Manchester United remained snapping at their heels with a 2-1 victory at Arsenal.
Published 23 Jan, 2012 12:00am
Federer masters Tomic to reach Quarters

Federer masters Tomic to reach Quarters

Roger Federer taught rising teenage star Bernard Tomic a painful lesson on Sunday, breezing past the teenager in straight sets to reach the quarter-finals at the Australian Open. The Swiss 16-time grand slam champion showed all his experience in administe
Published 23 Jan, 2012 12:00am
KPOA election: Aqil Shah retains presidency for third year

KPOA election: Aqil Shah retains presidency for third year

Empowered by the full house to bring his own penal, Syed Aqil Shah and Zulfiqar Butt have been retained as president and secretary general of Khyber-Pakthunkhwa Olympic Association respectively for the next four-year term in a election meeting held at Gre
Published 23 Jan, 2012 12:00am
Cup opens with $1 million goal, Senegal upset

Cup opens with $1 million goal, Senegal upset

The 2012 Africa Cup of Nations dished up a pulsating opening day with co-hosts Equatorial Guinea bagging their $1 million bonus and star-studded Senegal falling to Zambia. Saturday's double header from Bata was kicked off by Equatorial Guinea, sharing the
Published 23 Jan, 2012 12:00am
Olympics: P&G gears up for London debut

Olympics: P&G gears up for London debut

Procter & Gamble, the world's largest household products maker, plans to sponsor more than 150 athletes at the London Olympics this summer after joining the top tier of Games backers. P&G is seeking to build on the momentum created by its sponsorship of t
Published 23 Jan, 2012 12:00am
S&P's tips corporate defaults to rise in 'shallow recession'

S&P's tips corporate defaults to rise in 'shallow recession'

Credit rating giant Standard & Poor's said on January 19 it expects an increase in the corporate debt default rate in 2012 as a result of a "shallow recession." Based on analysis of 676 "speculative-grade companies" rated BB+ or below across the 27 Europe
Published 23 Jan, 2012 12:00am
Schlumberger posts profit jump, wary of Europe crisis

Schlumberger posts profit jump, wary of Europe crisis

Oilfield services leader Schlumberger reported a higher-than-expected rise in fourth-quarter earnings and remained cautiously optimistic about 2012 despite the potential for Europe's debt crisis to hurt economic growth and oil demand.
Published 23 Jan, 2012 12:00am
Schlumberger posts profit jump, wary of Europe crisis

Schlumberger posts profit jump, wary of Europe crisis

Oilfield services leader Schlumberger reported a higher-than-expected rise in fourth-quarter earnings and remained cautiously optimistic about 2012 despite the potential for Europe's debt crisis to hurt economic growth and oil demand.
Published 23 Jan, 2012 12:00am
Fujifilm considering supporting Olympus

Fujifilm considering supporting Olympus

Japan's Fujifilm Holdings said on January 18 it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances.
Published 23 Jan, 2012 12:00am
Rio Tinto posts quarterly iron ore records

Rio Tinto posts quarterly iron ore records

Anglo-Australian mining giant Rio Tinto on January 17 posted record iron ore production in the fourth quarter of 2011, but low grades saw copper output slump 23 percent. In its quarterly update, Rio said iron ore production notched a new record of 65 mill
Published 23 Jan, 2012 12:00am
Equity risk premium set to shrink

Equity risk premium set to shrink

The extra return demanded by holders of European equities over safe-haven sovereign debt is set to retreat from record highs unless investors' worst fears over global growth come true. That return, known as the equity risk premium, is a measure of relativ
Published 23 Jan, 2012 12:00am
Equity risk premium set to shrink

Equity risk premium set to shrink

The extra return demanded by holders of European equities over safe-haven sovereign debt is set to retreat from record highs unless investors' worst fears over global growth come true. That return, known as the equity risk premium, is a measure of relativ
Published 23 Jan, 2012 12:00am
ExxonMobil sees continuing tie-up with Abu Dhabi

ExxonMobil sees continuing tie-up with Abu Dhabi

US energy giant ExxonMobil is confident of continuing to be a partner in Abu Dhabi's oil and gas concessions, a top company official said, as the emirate prepares to open a tender for its fields before the deals come up for renewal in 2014.
Published 23 Jan, 2012 12:00am
Visa Europe eyes 2012 sales rise

Visa Europe eyes 2012 sales rise

Visa Europe expects sales to rise again in 2012 after posting record revenue of 1 billion euros ($1.3 billion) for 2011 as consumers turned more to their debit cards instead of cash for their daily spending needs. "Even in times of austerity, people are s
Published 23 Jan, 2012 12:00am
Visa Europe eyes 2012 sales rise

Visa Europe eyes 2012 sales rise

Visa Europe expects sales to rise again in 2012 after posting record revenue of 1 billion euros ($1.3 billion) for 2011 as consumers turned more to their debit cards instead of cash for their daily spending needs. "Even in times of austerity, people are s
Published 23 Jan, 2012 12:00am
Avoid posting private messages publicly on social networks

Avoid posting private messages publicly on social networks

The last place you want your private messages to friends and family to appear is out in public on a social network. That's why users of Facebook and other social media websites need to weigh each posting carefully: should it be viewable to everyone who vi
Published 23 Jan, 2012 12:00am
Navigate PowerPoint videos with bookmarks

Navigate PowerPoint videos with bookmarks

Those who want to show a number of scenes from a video in their PowerPoint 2010 presentation can do so easier by placing bookmarks. The next sequence appears with a click, making things much easier. To insert bookmarks, users first click on the video and
Published 23 Jan, 2012 12:00am
Tick marks tell who's true on Twitter

Tick marks tell who's true on Twitter

Twitter users probably find themselves wondering regularly such thoughts as: am I really following Lady Gaga, or just someone who says they are Lady Gaga? With Twitter and Google+, you can tell the genuine article by a tick mark behind their name. That me
Published 23 Jan, 2012 12:00am
Reader's Digest now selling ebooks

Reader's Digest now selling ebooks

The Reader's Digest publishing house has opened an online shop for ebooks. With ebooks available in the EPUB and PDF formats, the main focus of the offering is on novels and advice books. For a majority of the ebooks there are digital reading samples. Lib
Published 23 Jan, 2012 12:00am
Microblogging use in China quadruples in 2011: report

Microblogging use in China quadruples in 2011: report

Use of microblogging in China quadrupled in 2011 compared with the previous year, with nearly half of all Chinese Internet users now taking to the near-instant service to gather news and spread views, a government Internet think tank said on January 16.
Published 23 Jan, 2012 12:00am
China's internet users soar to 513 million

China's internet users soar to 513 million

China's estimated number of internet users soared to 513 million at the end of last year, up 12 percent from the end of 2010, the government said on January 16. Internet users via mobile telephones hit an estimated 356 million by December, up 17.5 percent
Published 23 Jan, 2012 12:00am
Global radio experts float new mobile phone standard

Global radio experts float new mobile phone standard

Global radio experts have approved radio standards that are to usher in a new mobile phone operating system to replace third generation or 3G technology, the International Telecommunication Union (ITU) announced on January 20. The newly-adopted "IMT Advan
Published 23 Jan, 2012 12:00am
Optimal virus protection costs money

Optimal virus protection costs money

Those who want optimal virus protection must be willing to pay money for it. The German magazine Computer Bild tested five pay anti-virus programmes and three free programmes.
Published 23 Jan, 2012 12:00am
Koobface computer virus gang unmasked

Koobface computer virus gang unmasked

Online security researchers claimed on January 17 to have identified the members of a Russian gang of cyber criminals behind the Koobface computer virus which has attacked Facebook and other sites. Facebook said meanwhile that its security team had helped
Published 23 Jan, 2012 12:00am
Notebook & smartphone repairs require a special touch

Notebook & smartphone repairs require a special touch

You probably love your gadgets, which makes that scratch on a smartphone display, clogged notebook vent or faulty tablet battery all the more painful. And repairs can be expensive, unless you develop some do-it-yourself spirit. Such skills might come in a
Published 23 Jan, 2012 12:00am
Scientists report breakthrough in seaweed biofuel

Scientists report breakthrough in seaweed biofuel

Energy experts believe that seaweed holds enormous potential as a biofuel alternative to coal and oil, and US-based scientists said on January 19 they have unlocked the secret of turning its sugar into energy. A newly engineered microbe can do the work by
Published 23 Jan, 2012 12:00am
Tall men less likely to develop heart failure

Tall men less likely to develop heart failure

Tall men are less likely than shorter ones to develop heart failure, suggests a new study of US doctors. The finding doesn't prove that a few extra inches protect the heart, and it's possible that tall and short people are different in other ways - includ
Published 23 Jan, 2012 12:00am
How much iodine is too much?

How much iodine is too much?

Iodine deficiency is a major health problem worldwide, but a new study points to the potential downsides of too much iodine. Iodine is a mineral found in iodized salt, seafood, eggs, dairy and some breads. It is used by the thyroid gland to help regulate
Published 23 Jan, 2012 12:00am
Permafrost bacteria may slow down ageing

Permafrost bacteria may slow down ageing

A hardy type of bacteria recently discovered in the permafrost of Siberia could help slow down the ageing process, Russian scientists claimed on January 17. The species of bacteria - given the name Bacillius F - was found in laboratory tests to have shown
Published 23 Jan, 2012 12:00am
2011 a record-breaking year for extreme weather: US

2011 a record-breaking year for extreme weather: US

Last year broke records for extreme weather in the United States, with 14 events each causing at least a billion dollars in damage, US authorities said on January 19. Also, 2011 marked 35 years in a row that global temperatures have been warmer than avera
Published 23 Jan, 2012 12:00am
South America's oldest predator fossil found

South America's oldest predator fossil found

Brazilian paleontologists said on January 18 they have found the fossil of a carnivorous predator that lived more than 260 million years ago and is the oldest unearthed in South America.
Published 23 Jan, 2012 12:00am
Vitamin D doesn't ease lung disease symptoms

Vitamin D doesn't ease lung disease symptoms

In a new study of people with moderate or severe lung disease, taking large amounts of vitamin D was not linked to any symptom relief, researchers from Belgium report. Prior research suggested that up to three quarters of people with severe chronic obstru
Published 23 Jan, 2012 12:00am
Magnesium-rich diet may lower stroke risk

Magnesium-rich diet may lower stroke risk

People who eat lots of magnesium-rich foods such as leafy green vegetables, nuts and beans have fewer strokes, according to an international analysis covering some 250,000 people. But the authors of the study, published in the American Journal of Clinical
Published 23 Jan, 2012 12:00am
'Multan Industrial Estate to become hub of trade activities'

'Multan Industrial Estate to become hub of trade activities'

Punjab Industrial Estates Development and Management Company's Director, Khawaja Jalaluddin Roomi has said that Punjab chief minister, Mian Shahbaz Sharif took special interest to execute the project of Multan Industrial Estate phase-II. The project is ai
Published 23 Jan, 2012 12:00am
'One million children enrolled in schools this year in Punjab'

'One million children enrolled in schools this year in Punjab'

Provincial Minister for Education Mian Mujtaba Shuja ur Rehman has said that a blend of talent and hard work is the basis for all human development and Pakistani nation is lucky to have both these qualities in its young generation.
Published 23 Jan, 2012 12:00am
31 Indian fishermen detained

31 Indian fishermen detained

Pakistan Maritime Security Agency (PMSA) has apprehended 14 Indian fishing boats with 31 crew members for illegally poaching within Pakistan Exclusive Economic Zone (EEZ). A statement here on Sunday said that the PSMA is maintaining surveillance over Paki
Published 23 Jan, 2012 12:00am
Proposal to name medical college after Dr Ameer approved

Proposal to name medical college after Dr Ameer approved

Academic Council of PGMI and LGH according to news received here on Sunday approved the proposal of naming Under Graduate Medical College after renowned Pakistani surgeon and Emeritus Professor of Surgery Dr Ameer ud Din.
Published 23 Jan, 2012 12:00am
Ravi River embankment breaches

Ravi River embankment breaches

The makeshift barrier of Ravi River near Lahore breached in the early hours of Sunday, swallowing heavy machinery and few vehicles parked at the dyke. No causality was reported in the incident. According to a private news channel, some 22 labourers workin
Published 23 Jan, 2012 12:00am
Ukraine's Yanukovich refuses to relent in Tymoshenko case

Ukraine's Yanukovich refuses to relent in Tymoshenko case

Ukrainian President Viktor Yanukovich appeared on Sunday to rule out any prospect of opposition leader Yulia Tymoshenko being freed, saying those responsible for signing a 2009 gas deal with Russia on "enslaving" terms should be punished.
Published 23 Jan, 2012 12:00am
Oprah Winfrey charms 'chaotic' India at book event

Oprah Winfrey charms 'chaotic' India at book event

Amid raucous cheers from thousands of admirers, television superstar Oprah Winfrey praised the contrast of calm and chaos in India at the region's largest literature festival fast becoming a global cultural gala.
Published 23 Jan, 2012 12:00am
Man dies of bird flu in south-west China

Man dies of bird flu in south-west China

A man in south-west China died of bird flu on Sunday after three days of intensive care treatment in hospital, the official Xinhua news agency quoted the Ministry of Health as saying. The 39-year old - who died in hospital in Guiyan, capital of Guizhou pr
Published 23 Jan, 2012 12:00am
Libya could fall into 'bottomless pit': NTC chief

Libya could fall into 'bottomless pit': NTC chief

Mustafa Abdel Jalil, the head of Libya's ruling National Transitional Council (NTC), warned on Sunday the country could be heading towards a "bottomless pit" after protesters stormed a government office in Benghazi when he was inside.
Published 23 Jan, 2012 12:00am
Iraq risks slipping into authoritarianism

Iraq risks slipping into authoritarianism

Iraq risks sliding back towards authoritarian rule with Shia Prime Minister Nuri al-Maliki's security forces cracking down on protests, harassing opponents and torturing detainees, a US-based human rights monitor said on Sunday.
Published 23 Jan, 2012 12:00am
Malaysia 'falls far short' on rights vows: HRW

Malaysia 'falls far short' on rights vows: HRW

Malaysia has fallen "far short" of upholding its pledges to allow civil liberties ahead of elections widely expected to be held soon, Human Rights Watch said on Sunday.
Published 23 Jan, 2012 12:00am
Citizens shiver as gas supply suspended following snowfall

Citizens shiver as gas supply suspended following snowfall

Miseries of citizens enhanced following Saturday's snowfall in Quetta valley and surrounding mountains, as the gas pressure dropped to its lowest across the city. The provincial capital witnessed second snowfall of the season, which dropped the mercury to
Published 23 Jan, 2012 12:00am
Punjab government launches welfare projects for labourers: minister

Punjab government launches welfare projects for labourers: minister

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi has said that labourers are the backbone of our economy and the provincial government has launched a number of welfare projects for labourers. He said that without upgrading the socio-economic status of th
Published 23 Jan, 2012 12:00am
Governor lays foundation stone of Shahabuddin Market, Parking Plaza

Governor lays foundation stone of Shahabuddin Market, Parking Plaza

Governor Sindh, Dr Ishratul Ebad Khan, on Sunday laid the foundation stone of the Shahabuddin Market and five-storey Parking Plaza here. Administrator Karachi Metropolitan Corporation (KMC), Muhammad Hussain Syed, and Municipal Commissioner, Matanat Ali K
Published 23 Jan, 2012 12:00am
Assefa for efforts to eradicate Polio from country

Assefa for efforts to eradicate Polio from country

Ambassador for Polio Eradication, Ms Assefa Bhutto Zardari, has called for stepped up efforts to completely eradicate the crippling disease of Polio from the country and to once again achieve the status of Polio-free country as was achieved during the gov
Published 23 Jan, 2012 12:00am
Sub Inspector killed in Quetta

Sub Inspector killed in Quetta

A Sub Inspector was killed when some unidentified persons opened fires on a police mobile here on Sunday, police said. According to details, the incident occurred in the jurisdictions of Zarghun Abad police station where the miscreants targeted a police m
Published 23 Jan, 2012 12:00am
IGP for comprehensive security on Eid Milad

IGP for comprehensive security on Eid Milad

Inspector General of Police (IGP) Sindh, Mushtaq Ahmed Shah, has called for devising a comprehensive security strategy on the occasion of Eid Milad-un-Nabi (PBUH). A police statement here on Sunday said the IGP also directed that the security should be on
Published 23 Jan, 2012 12:00am
Conjoined babies die

Conjoined babies die

New-born conjoined sisters, who were under the treatment in National Institute of Child Health (NICH) died on Sunday before the operation meant for their separation. "It was a complicated case and in such cases there is always a less possibility of twin's
Published 23 Jan, 2012 12:00am
2012 is election year: political analyst

2012 is election year: political analyst

Pakistan's government has won temporary respite in its bid to cling onto office but early polls are inevitable as the army and judiciary plot to bring down president, analysts say. The power struggle between Asif Ali Zardari's government on the one hand a
Published 23 Jan, 2012 12:00am
Bilawal visits family graveyard

Bilawal visits family graveyard

Chairman, Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Sunday, visited the grave of his mother Shaheed Mohtarma Benazir Bhutto, laid floral wreath and offered fateha soon after his arrival from Karachi on Sunday.
Published 23 Jan, 2012 12:00am
Hold of non-economic factors on economy

Hold of non-economic factors on economy

Non-economic factors have assumed so much importance in the economy of Pakistan in the recent past that its prospects could now be explained by their behaviour and the capacity of the government to deal with them appropriately in future. According to a la
Published 23 Jan, 2012 12:00am
No to polls on bogus lists

No to polls on bogus lists

Strictly speaking, all 28 or so by-elections to the national and provincial legislatures since the passage of the 18th Amendment were illegal, but perhaps in the spirit of granting legitimacy to 'past and closed transitions' the Supreme Court asked the go
Published 23 Jan, 2012 12:00am
Prime Minister before the bench

Prime Minister before the bench

I am not a lawyer! And I, therefore, am fully cognisant of my limitations! But I, like the rest of Pakistan, have an opinion and a rationale on which I base my opinion. A lawyer, however, has a definite edge on the rest of us who like to discuss judicial
Published 23 Jan, 2012 12:00am
End of the party: Wall Street tightens belt

End of the party: Wall Street tightens belt

Sharp declines in annual profits at Wall Street institutions like Goldman Sachs, Morgan Stanley and Merrill Lynch have meant a rude awakening for high-flying investment bankers, whose pay packets are directly linked to the bottom line.
Published 23 Jan, 2012 12:00am
Riding the Dragon: 2012 predictions from Chinese masters

Riding the Dragon: 2012 predictions from Chinese masters

Want to know what's in store for 2012? Who will win the US election? Will the eurozone implode? China's feng shui masters tackle the big issues with their predictions for the Year of the Dragon. As Chinese communities around the world prepare to ring in t
Published 23 Jan, 2012 12:00am
Swiss accounts

Swiss accounts

A staggering amount of $200 billion of black money is said to have been deposited by Pakistanis in only Swiss banks. This amount is giving a new dimension to the ongoing legal battle about the NRO verdict of Supreme Court. It makes quite clear that not on
Published 23 Jan, 2012 12:00am
Suggestion for CNG loadshedding

Suggestion for CNG loadshedding

I don't know why the Ogra and gas authorities have not any plans to fix CNG loadshedding, and why they are doing unscheduled CNG loadshedding. I have seen many drivers standing on the roadside due to empty cylinders in Karachi. It is not necessary that ev
Published 23 Jan, 2012 12:00am
Historic walled city under threat

Historic walled city under threat

The medieval walled city of Lahore is under threat from a construction 'free-for-all' ruining centuries of heritage, as an ambitious Pakistani restoration project to protect it stalls. Rapid and illegal growth is crowding out the "old city" - the section
Published 23 Jan, 2012 12:00am
KMC bans wedding functions on Kashmir Complex

KMC bans wedding functions on Kashmir Complex

The Municipal Commissioner KMC, Matanat Ali Khan said the holding of wedding ceremonies at the swimming pool site of Kashmir Sports Complex would be prohibited from April 1. He was chairing an officers' meeting of different departments of KMC, said a stat
Published 23 Jan, 2012 12:00am
Eggs stolen from poultry farm

Eggs stolen from poultry farm

A poultry farm was looted on Sunday at village Sutwal in the area of Saddar Police Station. Abdul Ghaffar Bhatti, farm owner, told the police that unknown accused after breaking locks of the farm, stole 47 packets of eggs amounting Rs 1,41,000. Police hav
Published 23 Jan, 2012 12:00am
Message from Outgoing President, SAARC CCI

Message from Outgoing President, SAARC CCI

Looking back to January 2010, when I assumed the office of the President of SAARC Chamber of Commerce & Industry (SAARC CCI) gives me a feeling that how rapidly time has passed. During 2010-2011, the world economy witnessed dramatic changes and robust rec
Published 23 Jan, 2012 12:00am
Message from Secretary General, SAARC CCI

Message from Secretary General, SAARC CCI

During the Presidency of Mr Annisul Huq (2010-2011), the SAARC Chamber of Commerce & Industry (SAARC CCI) remained active and witnessed tremendous achievements in some targeted areas.
Published 23 Jan, 2012 12:00am
'Our Karachi' emerging as identity of metropolis

'Our Karachi' emerging as identity of metropolis

Governor Sindh Dr Ishrat-ul-Ibad has said that 'Our Karachi' event is emerging as the identity of the metropolis. He was talking to the management of the event at the Governor House here on Sunday. The representative of the event included Nasreen Jalil, S
Published 23 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 23 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (January 22, 2012) and the forecast for Monday (January 23, 2012).

Published 23 Jan, 2012 12:00am
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