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Archive - 2012-01-25
Pak, India discuss TAPI pipeline
Top News

Pak, India discuss TAPI pipeline

KARACHI: Federal Minister for Petroleum and Natural Resources Senator Dr Asim Hussain has held a bilateral meeting on Tu
Published 25 Jan, 2012 05:41pm
LSE loses 9.73 points
Markets

LSE loses 9.73 points

LAHORE: Bearish trend prevailed in Lahore Stock Exchange on Wednesday as it shed 9.73 points, following the LSE-25 index
Published 25 Jan, 2012 01:06pm
PCL reports higher profit
Markets

PCL reports higher profit

KARACHI: Pakistan Cable Ltd (PCL) has posted a higher profit after tax of Rs 41.074 million for the half year ending Dec
Published 25 Jan, 2012 11:25am
Gold drops to Rs 48,343 per 10 grams
Top News

Gold drops to Rs 48,343 per 10 grams

KARACHI: Gold slipped by Rs 214 to close at Rs 48,343 per 10 grams in the local market on Wednesday as its international
Published 25 Jan, 2012 10:30am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Wednesday, until 12:30 P.M., KSE-100 Index was at 12,002.43 with a net positive change of 11.05 after record
Published 25 Jan, 2012 07:52am
Pakistan air force jet crashes
Top News

Pakistan air force jet crashes

ISLAMABAD : A Pakistan Air Force aircraft crashed during a training mission on Wednesday but the pilots bailed out safel
Published 25 Jan, 2012 07:10am
Asian shares rise on US hopes
Financial

Asian shares rise on US hopes

HONG KONG: Asian markets rose Wednesday after a strong earnings report from Apple and on hopes Greece will agree a debt-
Published 25 Jan, 2012 04:54am
Australia 469 for 3 at lunch
Cricket

Australia 469 for 3 at lunch

ADELAIDE: Australia were 469 for three at lunch on the second day of the fourth and final Test against India at the Adel
Published 25 Jan, 2012 04:41am
Obama hails 'new hope' in Myanmar
Top News

Obama hails 'new hope' in Myanmar

WASHINGTON: US President Barack Obama on Tuesday hailed democratic reforms in Myanmar as offering "new hope" as he recom
Published 25 Jan, 2012 03:57am
Engro Foods cash in on growth
BR Research

Engro Foods cash in on growth

Engro Foods, one of the fast emerging food companies in Pakistan, has shown phenomenal top-line growth. The latest financial result released
Published 25 Jan, 2012 12:00am
Ensuring quality at pharmas
BR Research

Ensuring quality at pharmas

The inevitable has happened. In all reality, it was only a matter of time before the substandard drugs took human lives-and that is exactly
Published 25 Jan, 2012 12:00am
NIB BANK LIMITED

NIB BANK LIMITED

Incorporated in March 2003, NIB started its operation as NDLC-IFIC Bank. Having an asset base of around Rs 171 billion as of 30th September 2011, NIB Bank Ltd is the country's thirteenth largest commercial bank and eighth largest mid-sized bank. The Bank
Published 25 Jan, 2012 12:00am
Virtual University asked to expand network to rural areas

Virtual University asked to expand network to rural areas

The National Assembly Standing Committee on Information Technology and Telecommunication has recommended to the Virtual University to expand its network in rural and far-flung areas of the country by establishing its own campuses with a view to provide ed
Published 25 Jan, 2012 12:00am
Four-day book fair kicked off at UAF

Four-day book fair kicked off at UAF

A four-day book fair was kicked off on Tuesday at the University of Agriculture, Faisalabad at its Main Library. It consists of 32 stalls and a collection of more than 0.15 million books offered at subsidised rates to the students. UAF Vice Chancellor Pro
Published 25 Jan, 2012 12:00am
Musharraf's trial: Jamaat-e-Islami welcomes Senate resolution

Musharraf's trial: Jamaat-e-Islami welcomes Senate resolution

Deputy Secretary General, Jamaat-e-Islami, Dr Farid Ahmed Piracha, has welcomed the Senate resolution demanding former President Pervez Musharraf's trial for treason. He said that Pervez Musharraf had abrogated the constitution twice, ambushed the Supreme
Published 25 Jan, 2012 12:00am
'Zardari should deposit surety against his immunity'

'Zardari should deposit surety against his immunity'

Chairman Judicial Activism Panel Azhar Saddique has said the Supreme Court should ask President Asif Ali Zardari to deposit as much amount with the court as 'being kept' in Swiss banks accounts for claiming his immunity. Addressing a press conference, Azh
Published 25 Jan, 2012 12:00am
Reap, USDA meeting on January 27

Reap, USDA meeting on January 27

Rice Exporters Association of Pakistan (Reap) is organising a special meeting with the representatives of United States Department of Agriculture (USDA) on January 27 in its zonal office at Karachi to get an understanding of the protocols/procedures being
Published 25 Jan, 2012 12:00am
Consultation on Punjab Compulsory Education Bill 2012 (Draft) held

Consultation on Punjab Compulsory Education Bill 2012 (Draft) held

Education Reform Committee constituted by the Government of the Punjab arranged a consultation on Punjab Compulsory Education Bill 2012 (Draft) to share concerns and different perspectives by different stakeholders to be incorporated in the draft bill.
Published 25 Jan, 2012 12:00am
Etihad Airways begins flights to Tripoli

Etihad Airways begins flights to Tripoli

Etihad Airways, the national airline of United Arab Emirates, recently operated its maiden flight from Abu Dhabi to Tripoli, the airline's first new destination of 2012. The service, which will operate three times a week, is the only direct commercial fli
Published 25 Jan, 2012 12:00am
STEDEC delegation visits Punjab University

STEDEC delegation visits Punjab University

Punjab University Vice Chancellor, Professor Dr Mujahid Kamran on Tuesday presided over a meeting with a delegation of STEDEC Technology Commercialisation Corporation of Pakistan headed by its Managing Director Kokab Mohayyuddin. Senior faculty members at
Published 25 Jan, 2012 12:00am
Gas loadshedding: 600 textile units remain closed for 35 days

Gas loadshedding: 600 textile units remain closed for 35 days

About 600 industrial units in the region remained closed for last 35 days due to indefinite gas load shedding by the Sui Northern Gas Pipelines (SNGPL). Resultantly, textile industry output and exports are running in loss of billions of rupees, 0.4 millio
Published 25 Jan, 2012 12:00am
Promotion of education: eight public sector universities sign MoU

Promotion of education: eight public sector universities sign MoU

Eight public sector universities including Bahauddin Zakariya University Multan signed a historic memorandum of understanding (MoU) for the development and promotion of education at the Islamia University Bahawalpur on Tuesday. This significant document r
Published 25 Jan, 2012 12:00am
Sialkot to have BISP Office soon: Firdous

Sialkot to have BISP Office soon: Firdous

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan has said that office of Benazir Income Support Programme would soon be set up at Sialkot. BISP would be made more effective with concept to bringing poor segment of the society would
Published 25 Jan, 2012 12:00am
Wi-Tribe, KICS-UET unveil 'wi-cam'

Wi-Tribe, KICS-UET unveil 'wi-cam'

Wi-Tribe Pakistan and Al-Khwarzami Institute of Computer Sciences University of Engineering And Technology Lahore unveiled "wi-cam" at a press conference held at University of Technology Lahore here on Tuesday.
Published 25 Jan, 2012 12:00am
'Jamaat-e-Islami will fully participate in coming elections'

'Jamaat-e-Islami will fully participate in coming elections'

Jamaat-e-Islami leader Asad Ullah Bhutto declared on Tuesday that the Jamaat would fully participate in the coming elections, and had started preparations in this connection. "We're in contact with other religious and political parties. Talks are underway
Published 25 Jan, 2012 12:00am
FBR criticised for trying to implement SRO 821

FBR criticised for trying to implement SRO 821

The Lahore Chamber of Commerce and Industry on Tuesday criticised the Federal Board of Revenue (FBR) for trying to implement widely-opposed and controversial SRO 821(I) 2011 by creating an impression that all chambers of commerce and trade bodies are clos
Published 25 Jan, 2012 12:00am
Substandard CNG cylinder: LHC seeks reply from Ogra

Substandard CNG cylinder: LHC seeks reply from Ogra

The Lahore High Court (LHC) on Tuesday sought report from Oil and Gas Regulatory Authority (Ogra) by February 28 about the action taken against sub-standard CNG cylinder manufacturers. Earlier a deputy attorney general Nasim Kashmiri informed the court th
Published 25 Jan, 2012 12:00am
Vikramjit Sahney takes over Saarc CCI presidency for 2012-13

Vikramjit Sahney takes over Saarc CCI presidency for 2012-13

Vikramjit Singh Sahney of India took over Saarc CCI Presidency in New Delhi for the term 2012-2013 after completion of two years term of Annisul Haque of Bangladesh, Deputy Secretary General Saarc CCI Zulfiqar Butt said here on Tuesday.
Published 25 Jan, 2012 12:00am
Pharmaceutical companies owners: LHC grants three-day remand

Pharmaceutical companies owners: LHC grants three-day remand

A judicial magistrate here Tuesday granted three-day remand of owners of pharmaceutical companies to Federal Investigation Agency for interrogation about alleged bogus medicines that caused several deaths in Punjab Institute of Cardiology. Earlier, the ag
Published 25 Jan, 2012 12:00am
Opposition devises strategy for early elections: Fazl

Opposition devises strategy for early elections: Fazl

Jamiat Ulema-e-Islam-Fazal (JUI-F) chief Maulana Fazal-ur-Rehman on Tuesday said that opposition parties have devised strategy for holding early general polls in the country. Talking to reporters here, the JUI-F chief said that owing to the current situat
Published 25 Jan, 2012 12:00am
Rs 0.6 million cash looted

Rs 0.6 million cash looted

A citizen was injured by unidentified dacoits and deprived of Rs 600,000 cash here on Tuesday. According to police, Javed Iqbal Niazi, resident of Chak L-16/136 was going home in his car after withdrawing Rs 600,000 from a bank. Three motorcyclists interc
Published 25 Jan, 2012 12:00am
Nisar calls for Supreme Court to probe into ISI's role

Nisar calls for Supreme Court to probe into ISI's role

Leader of the Opposition in National Assembly, Chaudhry Nisar Ali Khan on Tuesday called for Supreme Court's probe into the current political role being played by the Inter Service Intelligence's (ISI) along with that played during Musharraf's era.
Published 25 Jan, 2012 12:00am
Kinnow export target unlikely to be achieved

Kinnow export target unlikely to be achieved

The year 2012 may turn out to be a bleak year for Kinnow industry as the ambitious export target of 300,000 is unlikely to be achieved due to variety of reasons and uncertain political situation in the country. While the growers are being affected by a nu
Published 25 Jan, 2012 12:00am
Cold and dry weather forecast

Cold and dry weather forecast

The Met Office on Tuesday forecast mainly cold and dry weather in the country in the next 24 hours. However, it says isolated rain with snowfall over the hills of Balochistan is expected Tuesday night and at few parts of Gilgit-Baltistan and Kashmir. Fogg
Published 25 Jan, 2012 12:00am
ACCA certificate distribution ceremony on January 26

ACCA certificate distribution ceremony on January 26

ACCA to acknowledge the results of global and national high achievers in ACCA examinations, is holding a certificate distribution ceremony at a local hotel on January 26 (tomorro). ACCA is the global body for professional accountants with 424,000 students
Published 25 Jan, 2012 12:00am
'Customs to provide maximum support to trade'

'Customs to provide maximum support to trade'

Amir Marwat, Chief Collector South on Tuesday assured the representatives of Pakistan Economic Forum (PEF) of maximum support to the trade. The assurance was made at a meeting with the representatives of PEF convened at Custom House here. Talking to Busin
Published 25 Jan, 2012 12:00am
Terror bid in Gwadar thwarted

Terror bid in Gwadar thwarted

Law enforcing agencies thwarted a potential terrorism bid by defusing an anti-tank landmine in Shambey area, some six kilometre off Gwadar Town Tuesday. Local police said unidentified miscreants had planted the landmine along the road to target vehicles t
Published 25 Jan, 2012 12:00am
KSE to delist 24 companies from February 1

KSE to delist 24 companies from February 1

The Karachi Stock Exchange (KSE) has decided to delist 24 companies with effect from February 01, 2012. According to a notice issued here on Tuesday, these companies were under process of liquidation or liquidators have been appointed or the companies hav
Published 25 Jan, 2012 12:00am
Abad, Sri Lanka can play role in promoting construction activities

Abad, Sri Lanka can play role in promoting construction activities

The Builders and Developers of Pakistan (ABAD) and Sri Lanka with joint efforts can play pivotal role in promoting the construction in both countries, D. W. Jinadasa, Consul General of Sri Lanka said on Tuesday. He was speaking in an interactive meeting,
Published 25 Jan, 2012 12:00am
TPL Holdings launches TrakkerNav

TPL Holdings launches TrakkerNav

TPL Trakker, the largest vehicle tracking, security and fleet management solutions provider in Pakistan, launched the most comprehensive navigation system for Pakistan, here on Tuesday. TrakkerNav was launched with the push of a buzzer as confetti, smoke,
Published 25 Jan, 2012 12:00am
NBP, SN join hands to help SCI patients

NBP, SN join hands to help SCI patients

National Bank of Pakistan (NBP) has pledged to make all possible efforts for Spinal Cord Injured (SCI) patients from the 2005 Northern Kashmir earthquake. This was observed in a meeting between NBP and Subh-e-Nau (SN) officials at Islamabad Club, here on
Published 25 Jan, 2012 12:00am
Beating up of FIA men: ECAP expresses regrets

Beating up of FIA men: ECAP expresses regrets

Exchange Companies Association of Pakistan (ECAP) on Tuesday expressed its regrets over beating up of the officials of Federal Investigation Authority (FIA) by an exchange firm's security personnel in Karachi. A joint meeting of ECAP and FIA officials was
Published 25 Jan, 2012 12:00am
Ejaz appointed president, CEO of NMBL

Ejaz appointed president, CEO of NMBL

A Group of Investors under the Chairman-ship of Jamshed Iqbal Cheema who also chairs "Auriga Group of Companies" and Muhammad Akram Shahid, Chairman of "United International Group (UIG)", have taken over Network Microfinance Bank Limited (NMBL), after acq
Published 25 Jan, 2012 12:00am
Government considering caretaker set-up after Federal Budget

Government considering caretaker set-up after Federal Budget

Pakistan People's Party (PPP) is considering to establish caretaker set-up after passing Budget-2011-12 in June, 2012, it is learnt. According to sources, for this purpose, the PPP government started consultation with its coalition partners Awami National
Published 25 Jan, 2012 12:00am
PPP has neither invited nor stopped Mansoor Ijaz: Warraich

PPP has neither invited nor stopped Mansoor Ijaz: Warraich

Pakistan Peoples Party (PPP) Punjab President Imtiaz Safdar Warraich has said that the PPP has neither invited nor stopped Mansoor Ijaz from visiting Pakistan. He said Mansoor is a common US citizen who would be dealt with in accordance to country's law.
Published 25 Jan, 2012 12:00am
Uniform treatment to refund cases: FBR convenes meeting on January 27

Uniform treatment to refund cases: FBR convenes meeting on January 27

The Federal Board of Revenue (FBR) has directed the Chief Commissioners of Large Taxpayer Units (LTUs) of Karachi Lahore and Islamabad to submit their proposals to ensure uniform treatment in refund cases to the permanent establishments of foreign compani
Published 25 Jan, 2012 12:00am
Cut in GST to boost tractor sales: Elahi

Cut in GST to boost tractor sales: Elahi

The tractor sales have started showing improvement after the government's decision to reduce General Sales Tax (GST) from 16 percent to 5 percent this month, Senior Federal Minister for Industries and Production, Chaudhry Pervaiz Elahi said here on Tuesda
Published 25 Jan, 2012 12:00am
Cancer patients: no institute or authority maintaining record!!!

Cancer patients: no institute or authority maintaining record!!!

There is no institute or authority at national level in Pakistan to maintain the record of cancer patients while due to non-availability of funds for medicines with the public sector hospitals, cancer patients have to purchase expensive drugs from the che
Published 25 Jan, 2012 12:00am
New French envoy calls on Prime Minister

New French envoy calls on Prime Minister

Newly appointed Ambassador of French to Pakistan, Philippe Thieband called on Prime Minister Syed Yusuf Raza Gilani at the Prime Minister's House on Tuesday and exchanged views on bilateral relations with the commitment that the multifaceted co-operation
Published 25 Jan, 2012 12:00am
Total Parco, MCR sign agreement

Total Parco, MCR sign agreement

Total Parco Pakistan Ltd signed an agreement with MCR Pvt Ltd (Franchisees of Pizza Hut in Pakistan) on 10th of January 2012. The agreement signing ceremony took place at Total Parco's head office in Lahore. Present at the ceremony were Marc Soissong - Co
Published 25 Jan, 2012 12:00am
Religious groups agree to work for unity, religious harmony

Religious groups agree to work for unity, religious harmony

Various religious groups belonging to different school of thoughts on Tuesday decided to work together on a five-point agenda for unity among their ranks by shunning the internal differences. The religious groups met here under "Co-ordination Council of R
Published 25 Jan, 2012 12:00am
Indian HC meets Hina

Indian HC meets Hina

The Indian High Commissioner, Sharat Sabharwal called on Foreign Minister Hina Rabbani Khar on Tuesday and discussed bilateral relations and the dialogue process between the two countries. Taking note of recent contacts between the two countries, the fore
Published 25 Jan, 2012 12:00am
Elections to be held on schedule: Kaira

Elections to be held on schedule: Kaira

Information Secretary Pakistan Peoples Party (PPP), Qamar Zaman Kaira on Tuesday said the government would complete its tenure and elections would be held according to the schedule. Talking to a private news channel, he said the government was facing many
Published 25 Jan, 2012 12:00am
Ripah varsity inks agreement for disabled rehabilitation

Ripah varsity inks agreement for disabled rehabilitation

Ripah International University has signed a memorandum of understanding with The Pakistan Society for the rehabilitation of disabled. The MoU was signed by the Executive Director of RIU, Asadullah Khan and General Secretary of The Pakistan Society for PSR
Published 25 Jan, 2012 12:00am
By-elections: suspension a violation of fundamental rights: Fafen

By-elections: suspension a violation of fundamental rights: Fafen

The Supreme Court's recent ruling relating to suspension of all upcoming by-elections violates the fundamental rights of at least four million citizens who will be without elected representation for an undefined period, according to the Free and Fair Elec
Published 25 Jan, 2012 12:00am
Khyber Pakhtunkhwa government running two employment schemes: Hoti

Khyber Pakhtunkhwa government running two employment schemes: Hoti

Khyber Pakhtunkhwa Chief Minister, Ameer Haider Khan Hoti said on Tuesday that the provincial government had introduced Bacha Khan Khpal Rozgar and Hunarmand Rozgar schemes to provide employment to the people of the province. He was addressing a function
Published 25 Jan, 2012 12:00am
Change of government possible only through vote: Chandio

Change of government possible only through vote: Chandio

Federal Minister for Law and Parliamentary Affairs Senator Mola Bux Chandio has said the forces which always played a role in derailing democracy have now understood the importance of strengthening the federation.
Published 25 Jan, 2012 12:00am
'Economy suffers $68 billion losses in 10 years'

'Economy suffers $68 billion losses in 10 years'

Pakistan's society and economy has been badly affected due to terrorism activities and for the last three years more then 3,000 incidents took places across the country and economy suffered losses over $68 billion since 2010. These views were expressed by
Published 25 Jan, 2012 12:00am
SSUET holds orientation ceremony for new entrants

SSUET holds orientation ceremony for new entrants

The Orientation Ceremony for the new entrants of Batch 2012 at Sir Syed University of Engineering and Technology (SSUET) was held at its campus here thus marking the start of the new academic session. An official of the institution said on Tuesday that th
Published 25 Jan, 2012 12:00am
Two ASWJ activists among six gunned down in Metropolis

Two ASWJ activists among six gunned down in Metropolis

At least six persons including two activists of Ahle Sunnat Wal Jamat (ASWJ) formerly known as Sipah Sahaba Pakistan (SSP) and a cop fell prey to targeted killings at various parts of the metropolis, here on Tuesday. According to police and rescue sources
Published 25 Jan, 2012 12:00am
Draft NTP suggests measures for improvements in transport sector

Draft NTP suggests measures for improvements in transport sector

The draft National Transport Policy (NTP), prepared by the Ministry of Commerce, has proposed establishment of a transport ministry that co-ordinate policy and undertake measures on the pattern of developed countries, documents available with this corresp
Published 25 Jan, 2012 12:00am
FBR notification

FBR notification

Federal Board of Revenue has ordered that all Model Customs Collectorates shall remain open on Saturday 28th January, 2012, as normal working days in order to facilitate trade and industry in getting their cargo cleared for import and export. The manageme
Published 25 Jan, 2012 12:00am
'PIA officials creating hurdles for foreign investors'

'PIA officials creating hurdles for foreign investors'

Pakistan international Airlines officials have been creating hurdles in the way of genuine foreign investors, according to Trustar Group SPA of Milano. Dr Maurizio Gonzaga and Dr Kashif Moten of Trustar Group addressing a press conference at the Karachi P
Published 25 Jan, 2012 12:00am
BIEK announces practical exams' schedule

BIEK announces practical exams' schedule

Board of Intermediate Education Karachi (BIEK) announced that Practical Examination of Humanities (Regular Group) Part-I and II Supplementary 2011 will commence from 30 January, 2012. The candidates concerned have been advised to collect the examination s
Published 25 Jan, 2012 12:00am
'Integrated Energy Model' workshop held

'Integrated Energy Model' workshop held

Keeping in view the ongoing energy crisis being faced by Pakistan, a workshop on 'Pakistan Integrated Energy Model' was held here at Planning Commission Auditorium on Tuesday. The workshop was chaired by Dr Nadeemul Haque, Deputy Chairman Planning Commiss
Published 25 Jan, 2012 12:00am
Tanker mafia selling contaminated water to Karachiites

Tanker mafia selling contaminated water to Karachiites

Despite tall claims to deal with water tanker mafia with iron-hand, dozens of illegal hydrants are overtly selling contaminated water to the Karachiites in water-scarce pockets of the city, Business Recorder learned on Tuesday. Due to illegal water
Published 25 Jan, 2012 12:00am
Engro Foods posts Rs 891 million profit after tax

Engro Foods posts Rs 891 million profit after tax

The Board of Directors of Engro Foods Limited has announced a profit after tax of Rs 891 million for the year ended December 31, 2011 as compared to Rs 176 million in 2010. According to a press release issued here on Tuesday, Engro Foods' revenue for 2011
Published 25 Jan, 2012 12:00am
Engro Foods posts Rs 891 million profit after tax

Engro Foods posts Rs 891 million profit after tax

The Board of Directors of Engro Foods Limited has announced a profit after tax of Rs 891 million for the year ended December 31, 2011 as compared to Rs 176 million in 2010. According to a press release issued here on Tuesday, Engro Foods' revenue for 2011
Published 25 Jan, 2012 12:00am
DPS wins prizes at WWF Nature Carnival

DPS wins prizes at WWF Nature Carnival

Students of Dawood Public School (DPS) received several prizes at WWFPakistan's Travelling Nature Carnival 2012. The jury awarded overall second position to Dawood Public School in level 2 "Water Conservation - Agrren idea", while DPS also managed to get
Published 25 Jan, 2012 12:00am
Eurozone crisis and emerging economies

Eurozone crisis and emerging economies

Prince Turki al Faisal, former Saudi intelligence chief, in a speech at a business conference in Riyadh, criticised Western governments of leveraging their economies over the past sixty years and allowing their financial sectors to spiral out of control.
Published 25 Jan, 2012 12:00am
Rejection of US report by the GHQ

Rejection of US report by the GHQ

Having given the United States investigation report on the Salala checkpost attack due thought, the General Headquarters (GHQ) has rejected it as it finds it contrary to facts and self-serving. The 24-page document released by the ISPR on Monday as the Pa
Published 25 Jan, 2012 12:00am
Profit is sweet

Profit is sweet

In its simplest form, profit is defined as the excess of returns over expenditure in a transaction or a series of transactions, but simplicity in this case results in a gross misstatement. Realistically, profit is what makes the world go round, around, ab
Published 25 Jan, 2012 12:00am
African leaders discuss Cairo to Cape Town trade zone

African leaders discuss Cairo to Cape Town trade zone

African leaders have long dreamt of creating an economic community spanning the vast continent. It would ideally be like the European Union, with open borders and the free movement of goods without customs barriers. "A large common market from Cairo to Ca
Published 25 Jan, 2012 12:00am
Davos tolerates leftist 'occupiers'

Davos tolerates leftist 'occupiers'

While Swiss authorities are preparing for clashes with demonstrators at the World Economic Forum this week, the risk that things will turn violent has fallen as activists and the community of Davos are taking a more conciliatory stance. In the early 1980s
Published 25 Jan, 2012 12:00am
Nawaz Sharif and Sindh

Nawaz Sharif and Sindh

Nowadays, PML-N chief Nawaz Sharif is worried for the people of Sindh as evident from his speeches delivered during his recent frequent tours of Sindh but those who know his past, are not much surprised about his changing colours like a chameleon. Nawaz S
Published 25 Jan, 2012 12:00am
Thar coal project to provide relief to common man: Dr Samar

Thar coal project to provide relief to common man: Dr Samar

Member of the Science and Technology Planning Commission, Dr Samar Mubarakmand said on Tuesday that Thar coal project will be beneficial for common people and free from all defects. Talking to PTV, he said the Prime Minister Gilani had directed to expedit
Published 25 Jan, 2012 12:00am
Three suffocated to death in Quetta

Three suffocated to death in Quetta

Three people were suffocated to death due to gas leakage at Sariab area of the metropolis, hospital sources said on Tuesday. The bodies of the victims identified as Mumtaz Ali, Bilawal and Kamal Khan Bangulzai were brought to the civil hospital Quetta, wh
Published 25 Jan, 2012 12:00am
Pakistan may miss wheat production target

Pakistan may miss wheat production target

Pakistan is likely to miss wheat production target of 25 million tons set for the current fiscal year 2011-12 by producing not more than 23 million tons due to delay in announcement of the wheat procurement price, the lesser use of certified wheat seeds,
Published 25 Jan, 2012 12:00am
Five women involved in stealing gold held

Five women involved in stealing gold held

Aabpara police Islamabad has arrested five women who were allegedly involved in stealing gold jewellery of female passengers and also recovered gold ornaments from their possession, a police spokesman said on Tuesday. According to details, Sub-Inspector G
Published 25 Jan, 2012 12:00am
Workshop on 'Research Ethics' concludes

Workshop on 'Research Ethics' concludes

Universities have three major challenges in the 21st Century including building economy; building communities and building leadership, said Dr Javaid Laghari chairperson Higher Education Commission (HEC). While addressing the concluding ceremony of the tw
Published 25 Jan, 2012 12:00am
Proposal for voting by expatriates: Supreme Court seeks report from ECP

Proposal for voting by expatriates: Supreme Court seeks report from ECP

The Supreme Court on Tuesday sought concise report from Election Commission of Pakistan to ascertain the modalities whether overseas Pakistanis can exercise their right of vote in elections under global practices. A four-member bench headed by Chief Justi
Published 25 Jan, 2012 12:00am
Khyber Pakhtunkhwa government inks MoU to hold art workshop

Khyber Pakhtunkhwa government inks MoU to hold art workshop

Khyber Pakhtunkhwa culture department Tuesday signed MoU with Hunarkada Islamabad to holding a international art workshop 'FACE OFF' and 'Ghani Khan, The Image Maker', here. The agreement was signed in the presence of KP Minister for Culture and Informati
Published 25 Jan, 2012 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Tuesday as a lower euro, due to an impasse to restructure Greek debt, and weakness in crude oil and equities prompted investors to take profits. After hitting a six-week high in the previous session, gold fell on the weaker euro. The euro was
Published 25 Jan, 2012 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper turned higher in late trading on Tuesday, but still below a four-month high, as investors continued to bet on tighter supplies, which overcame early pressure from a weak euro and Europe's ongoing debt crisis. In New York, the key March COMEX contra
Published 25 Jan, 2012 12:00am
US MIDDAY: wheat soars

US MIDDAY: wheat soars

US wheat futures surged 2 percent on Tuesday on a wave of short-covering sparked by rumours that Russia would impose an export tax on its wheat exports to ensure sufficient supplies at home. Traders were unable to confirm the rumours which, if true, could
Published 25 Jan, 2012 12:00am
Gold falls in Europe

Gold falls in Europe

Gold eased on Tuesday after the euro fell following the breakdown of talks over the restructuring of Greece's debt, but the bullion price was still in sight of six-week highs and set for its strongest monthly gain since August. Negotiations between euro z
Published 25 Jan, 2012 12:00am
Gold slips in Asia

Gold slips in Asia

Gold ticked lower on Tuesday as the euro lost ground after European finance ministers rejected an offer by Greece's private creditors to help restructure its debts, but gains on Tokyo futures and a pickup in demand in India cushioned the fall. Investors a
Published 25 Jan, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 1 percent on Monday to a six-week high, boosted by technical buying and as the euro rallied ahead of the outcome of a euro zone meeting on Greek debt restructuring. Gold option volatility also spiked ahead of an expiration later this week. The m
Published 25 Jan, 2012 12:00am
Short-covering lifts cocoa seven percent, sugar climbs

Short-covering lifts cocoa seven percent, sugar climbs

Cocoa futures soared some 7 percent on Tuesday on a burst of short-covering that triggered automatic buy orders, while ICE sugar tiptoed up on concerns about delays in Brazil's harvest, as both markets hit their highest levels since mid-November. Coffee r
Published 25 Jan, 2012 12:00am
Soya surges 2.5 percent

Soya surges 2.5 percent

US soyabean futures surged 2.5 percent on Monday for their biggest gain in two weeks on a declining dollar and concerns that rains in Argentina will not be ample enough to relieve crop stress after weeks of dry weather in the major South American grain an
Published 25 Jan, 2012 12:00am
Tokyo rubber futures jump three percent

Tokyo rubber futures jump three percent

Tokyo rubber futures jumped 3 percent to a near 3-month high on Tuesday on the back of a Thai rubber-price support plan, while strong oil prices provided an additional boost, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for
Published 25 Jan, 2012 12:00am
Oil slips on revived eurozone debt concern

Oil slips on revived eurozone debt concern

Oil prices fell on Tuesday on revived concerns about the eurozone region's debt problems and their potential to slow the global economy, even as tensions between Iran and the West helped limit losses. Europe's policymakers are struggling to come up with a
Published 25 Jan, 2012 12:00am
Copper prices steady

Copper prices steady

Copper prices steadied on Tuesday, as a tight supply outlook for the metal used in the power and construction sector offset pressure from a weak euro on persistent concerns about the euro zone debt crisis. Three-month copper on the London Metal Exchange e
Published 25 Jan, 2012 12:00am
New York cotton finishes easier on investor sales

New York cotton finishes easier on investor sales

Cotton futures closed lower on Tuesday on investor sales as the market declined for the first time in four sessions, with most players waiting for leads on its next move, analysts said. The key March cotton futures on ICE Futures US fell 1.19 cents, off b
Published 25 Jan, 2012 12:00am
India protests to US over TV host's Golden Temple joke

India protests to US over TV host's Golden Temple joke

India's embassy in Washington has contacted US assistant secretary of state Robert Blake to protest a gag by late night TV host Jay Leno involving Sikhism's holiest shrine, a senior State Department official said Tuesday. The official, who spoke on condit
Published 25 Jan, 2012 12:00am
New floods hit northeastern Australia

New floods hit northeastern Australia

Flooding in northeastern Australia caused thousands of homes to lose power Tuesday and prompted authorities to start evacuations, around a year after deadly floods devastated the region. Up to a dozen homes were evacuated on Brisbane's northern outskirts
Published 25 Jan, 2012 12:00am
Nigeria's Boko Haram killed 935 since 2009

Nigeria's Boko Haram killed 935 since 2009

The Nigerian Islamist sect Boko Haram has killed at least 935 people since it launched an uprising in 2009, including more than 250 in the first weeks of this year, Human Rights Watch said on Tuesday. Boko Haram, which means "Western education is sinful"
Published 25 Jan, 2012 12:00am
Erdogan lambasts France on genocide law

Erdogan lambasts France on genocide law

Turkish Prime Minister Tayyip Erdogan attacked the French parliament on Tuesday for passing a "discriminatory and racist" bill which makes it illegal to deny the mass killing of Armenians by Ottoman Turks nearly a century ago was genocide. With passions r
Published 25 Jan, 2012 12:00am
US 'seriously concerned' about Tibet violence

US 'seriously concerned' about Tibet violence

The United States said Tuesday it was "seriously concerned" by reports of deadly clashes in Tibetan regions of China, where police are accused of opening fire on peaceful protesters. "We urge the Chinese government to engage in a constructive dialogue wit
Published 25 Jan, 2012 12:00am
Bomb attacks kill 12 in Baghdad

Bomb attacks kill 12 in Baghdad

A spate of bomb attacks in and around Baghdad, the deadliest of which targeted Shia areas in the capital, killed at least 12 people on Tuesday, officials said. The violence comes amid a political stand-off in Iraq pitting the Shia-led government against t
Published 25 Jan, 2012 12:00am
JFK saw 'tough day' on eve of assassination

JFK saw 'tough day' on eve of assassination

In an unintentionally ominous prediction, John F. Kennedy said ahead of a trip to Dallas, where he would be assassinated, that he was expecting a "tough day," secret recordings reveal. The John F Kennedy Presidential Library on Tuesday released 45 hours o
Published 25 Jan, 2012 12:00am
Syria tells Arab League to head for UN 'or the moon'

Syria tells Arab League to head for UN 'or the moon'

Gulf Arab states withdrew their observers from Syria on Tuesday after it rejected an Arab League peace plan stipulating that President Bashar al-Assad surrender power, and the group's chief called for UN help in ending Syria's bloody upheaval. Syrian Fore
Published 25 Jan, 2012 12:00am
Britain, France, US criticise Russian arms sales to Syria

Britain, France, US criticise Russian arms sales to Syria

Britain, France and the United States on Tuesday condemned Russia's arms sales to Syria which they said was fuelling President Bashar al-Assad's deadly crackdown on protests. Britain's UN ambassador Mark Lyall-Grant called the Russian weapons sales "irres
Published 25 Jan, 2012 12:00am
EU wants 'bold' peace bids by Palestinians, Israel

EU wants 'bold' peace bids by Palestinians, Israel

EU foreign policy chief Catherine Ashton will meet Israeli and Palestinian leaders over the next two days to try to push exploratory peace talks beyond a Thursday deadline and back to full negotiations. Negotiators from the two sides have held four meetin
Published 25 Jan, 2012 12:00am
Former Qadhafi stronghold revolts against Tripoli

Former Qadhafi stronghold revolts against Tripoli

Libya's ramshackle government lost control of a former stronghold of Muammar Qadhafi on Tuesday after local people staged an armed uprising, posing the gravest challenge yet to the country's new rulers. Elders in Bani Walid, where militias loyal to the ru
Published 25 Jan, 2012 12:00am
US senator's Twitter account hacked

US senator's Twitter account hacked

A US senator's Twitter account was hacked Monday and a series of messages sent out to his more than 33,500 followers. US Senator Charles Grassley, a Republican from Iowa, had regained control of his @ChuckGrassley account by Monday afternoon and the inter
Published 25 Jan, 2012 12:00am
Nato claims 'successful year' in Afghanistan

Nato claims 'successful year' in Afghanistan

A spokesman for Nato-led forces said Tuesday that 2011 had been a "remarkably successful year" against insurgents in Afghanistan and in the development of the Afghan security forces. In the southern Taliban stronghold, "considerable advances" had been mad
Published 25 Jan, 2012 12:00am
Karzai leaves for Europe

Karzai leaves for Europe

Afghan President Hamid Karzai left Kabul Tuesday on a five-day European trip to sign long-term strategic partnership agreements aimed at bolstering support for Afghanistan's reconstruction and development. Karzai will first head to Turkmenistan for talks
Published 25 Jan, 2012 12:00am
Clijsters tips Wozniacki from Open, top spot

Clijsters tips Wozniacki from Open, top spot

Defending champion Kim Clijsters ended Caroline Wozniacki's reign as world number one when she beat her in straight sets in the Australian Open quarter-finals on Tuesday. Clijsters held off a determined fight-back from the 21-year-old Dane to win 6-3, 7-6
Published 25 Jan, 2012 12:00am
Nadal sets up dream Federer semi-final

Nadal sets up dream Federer semi-final

Rafael Nadal Tuesday set up a mouth-watering Australian Open semi-final with long-time rival Roger Federer, who celebrated his 1,000th match in style by demolishing Juan Martin del Potro. Spanish second seed Nadal was forced to dig deep to beat Tomas Berd
Published 25 Jan, 2012 12:00am
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