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Archive - 2012-02-14
Xi invites Obama to visit China
Top News

Xi invites Obama to visit China

WASHINGTON: China's likely next leader Xi Jinping on Tuesday invited President Barack Obama and his wife Michelle to vis
Published 14 Feb, 2012 07:50pm
WTO fails to agree on dispute body head
Top News

WTO fails to agree on dispute body head

GENEVA: The World Trade Organization ran into a snag Tuesday when selecting the head of its trade court, despite a call
Published 14 Feb, 2012 06:37pm
LatAm stocks fall on US data
Financial

LatAm stocks fall on US data

SAO PAULO: Latin American stocks fell on Tuesday as weaker-than-expected retail sales in the United States sapped dema
Published 14 Feb, 2012 06:18pm
European stocks close lower
Financial

European stocks close lower

PARIS: European stock markets closed lower on Tuesday, with London's benchmark FTSE 100 index sliding 0.10 percent to 5,
Published 14 Feb, 2012 06:07pm
Apple testing smaller screen tablet
Top News

Apple testing smaller screen tablet

WASHINGTON: Apple is testing a tablet computer with a smaller screen than the hot-selling iPad, The Wall Street Journal
Published 14 Feb, 2012 06:01pm
US retail sales rise in January
Top News

US retail sales rise in January

WASHINGTON: US retail sales picked up in January as consumers flocked to stores and restaurants, government data showed
Published 14 Feb, 2012 04:12pm
ISE-10 stays bullish
Markets

ISE-10 stays bullish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bullish trend as the index was up by 2.92 points
Published 14 Feb, 2012 02:52pm
Overseas Pakistanis can vote: ECP
Top News

Overseas Pakistanis can vote: ECP

  KARACHI: The Election Commission of Pakistan (ECP) has granted overseas Pakistanis the right to vote in the general e
Published 14 Feb, 2012 01:38pm
Kinnow export boost to Indonesia
Top News

Kinnow export boost to Indonesia

ISLAMABAD : The Preferential Trade Agreement (PTA) signed between Pakistan and Indonesia early this month, is expect
Published 14 Feb, 2012 12:47pm
Chile for boosting trade with Pakistan
Top News

Chile for boosting trade with Pakistan

ISLAMABAD: Pakistan and Chile have great potential for trade and investment in many sectors, which need to be exploited
Published 14 Feb, 2012 12:31pm
ALAFCO orders 35 more A320neo jets
Top News

ALAFCO orders 35 more A320neo jets

SINGAPORE: A Kuwait-based leasing firm has ordered 35 more Airbus A320neo planes for $3.4 billion based on catalogue pri
Published 14 Feb, 2012 10:25am
German growth at 0.4pc in 2012: OECD
Top News

German growth at 0.4pc in 2012: OECD

BERLIN : The Organisation for Economic Co-operation and Development (OECD) has predicted that Germany , Europe 's top
Published 14 Feb, 2012 10:09am
Cabinet reposes full trust in Gilani
Top News

Cabinet reposes full trust in Gilani

ISLAMABAD : The cabinet on Tuesday expressed "full confidence" in Prime Minister Syed Yousuf Raza Gilani as he prepares
Published 14 Feb, 2012 08:54am
EU, WTO bonanza for Pakistan: analysts
Top News

EU, WTO bonanza for Pakistan: analysts

ISLAMABAD: The European Union package to Pakistan is not only an economic bonanza but also a diplomatic triumph for the
Published 14 Feb, 2012 07:30am
US, China hold open talks on Syria
Top News

US, China hold open talks on Syria

BEIJING: US Secretary of State Hillary Clinton and top Chinese official held "frank and in-depth" talks on Syria on Mond
Published 14 Feb, 2012 04:48am
FBR: Cutting it close
BR Research

FBR: Cutting it close

The appointment of Mumtaz Haider Rizvi as acting chairman Federal Board of Revenue (FBR) alludes to the governments satisfaction with the st
Published 14 Feb, 2012 12:00am
Israel embassy staff targeted in Delhi, Tbilisi

Israel embassy staff targeted in Delhi, Tbilisi

Israeli diplomats were targeted by bomb attacks in Delhi and Tbilisi on Monday, officials said, with two people injured in the Indian capital when an embassy car exploded in a ball of fire. The car which blew up in a high security area of central Delhi, a
Published 14 Feb, 2012 12:00am
Israel embassy staff targeted in Delhi, Tbilisi

Israel embassy staff targeted in Delhi, Tbilisi

Israeli diplomats were targeted by bomb attacks in Delhi and Tbilisi on Monday, officials said, with two people injured in the Indian capital when an embassy car exploded in a ball of fire. The car which blew up in a high security area of central Delhi, a
Published 14 Feb, 2012 12:00am
Chief minister Punjab for efforts aimed at improving Indo-Pak trade ties

Chief minister Punjab for efforts aimed at improving Indo-Pak trade ties

Punjab Chief Minister, Shahbaz Sharif has said that Pakistan and India can eliminate poverty and improve living standard of their people through establishment of permanent peace between the two countries. He was addressing the visiting delegation of India
Published 14 Feb, 2012 12:00am
Chief minister Punjab for efforts aimed at improving Indo-Pak trade ties

Chief minister Punjab for efforts aimed at improving Indo-Pak trade ties

Punjab Chief Minister, Shahbaz Sharif has said that Pakistan and India can eliminate poverty and improve living standard of their people through establishment of permanent peace between the two countries. He was addressing the visiting delegation of India
Published 14 Feb, 2012 12:00am
Chief minister Punjab for efforts aimed at improving Indo-Pak trade ties

Chief minister Punjab for efforts aimed at improving Indo-Pak trade ties

Punjab Chief Minister, Shahbaz Sharif has said that Pakistan and India can eliminate poverty and improve living standard of their people through establishment of permanent peace between the two countries. He was addressing the visiting delegation of India
Published 14 Feb, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 13, 2012).

Published 14 Feb, 2012 12:00am
Iran prepares suicide bomb boats in Gulf: US Navy

Iran prepares suicide bomb boats in Gulf: US Navy

Iran has built up its naval forces in the Gulf and prepared boats that could be used in suicide attacks, but the US Navy can prevent it from blocking the Strait of Hormuz, the commander of US naval forces in the region said on Sunday.
Published 14 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 14 Feb, 2012 12:00am
Iran prepares suicide bomb boats in Gulf: US Navy

Iran prepares suicide bomb boats in Gulf: US Navy

Iran has built up its naval forces in the Gulf and prepared boats that could be used in suicide attacks, but the US Navy can prevent it from blocking the Strait of Hormuz, the commander of US naval forces in the region said on Sunday.
Published 14 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 14 Feb, 2012 12:00am
Obama proposes $800 million in aid for 'Arab Spring'

Obama proposes $800 million in aid for 'Arab Spring'

The White House announced plans on Monday to help "Arab Spring" countries swept by revolutions with more than $800 million in economic aid, while maintaining US military aid to Egypt.
Published 14 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 13, 2012).

Published 14 Feb, 2012 12:00am
Obama proposes $800 million in aid for 'Arab Spring'

Obama proposes $800 million in aid for 'Arab Spring'

The White House announced plans on Monday to help "Arab Spring" countries swept by revolutions with more than $800 million in economic aid, while maintaining US military aid to Egypt.
Published 14 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 13, 2012).

Published 14 Feb, 2012 12:00am
New aircraft being inducted in PIA fleet: minister

New aircraft being inducted in PIA fleet: minister

Minister for Defence, Chaudhary Ahmed Mukhtar on Monday informed National Assembly that new air-planes are being inducted in Pakistan International Airlines to improve its performance.
Published 14 Feb, 2012 12:00am
The Weather

The Weather

The weather report on Monday (February 13, 2012) and the forecast for Tuesday (February 14, 2012).

Published 14 Feb, 2012 12:00am
New aircraft being inducted in PIA fleet: minister

New aircraft being inducted in PIA fleet: minister

Minister for Defence, Chaudhary Ahmed Mukhtar on Monday informed National Assembly that new air-planes are being inducted in Pakistan International Airlines to improve its performance.
Published 14 Feb, 2012 12:00am
New aircraft being inducted in PIA fleet: minister

New aircraft being inducted in PIA fleet: minister

Minister for Defence, Chaudhary Ahmed Mukhtar on Monday informed National Assembly that new air-planes are being inducted in Pakistan International Airlines to improve its performance.
Published 14 Feb, 2012 12:00am
S&P downgrades 15 Spanish banks

S&P downgrades 15 Spanish banks

Standard & Poor's on Monday lowered the credit rating of 15 Spanish banks in a move that follows the agency's downgrade of Spain on January 13.
Published 14 Feb, 2012 12:00am
S&P downgrades 15 Spanish banks

S&P downgrades 15 Spanish banks

Standard & Poor's on Monday lowered the credit rating of 15 Spanish banks in a move that follows the agency's downgrade of Spain on January 13.
Published 14 Feb, 2012 12:00am
S&P downgrades 15 Spanish banks

S&P downgrades 15 Spanish banks

Standard & Poor''s on Monday lowered the credit rating of 15 Spanish banks in a move that follows the agency''s downgrade of Spain on January 13.
Published 14 Feb, 2012 12:00am
New FBR chief calls council's meeting today

New FBR chief calls council's meeting today

After assuming charge as Chairman Federal Board of Revenue (FBR), Mumtaz Haider Rizvi has called first meeting of the Board-in-Council here on Tuesday (today) to chalk out an effective strategy to meet the ambitious revenue collection's target of Rs1952 b
Published 14 Feb, 2012 12:00am
New FBR chief calls council's meeting today

New FBR chief calls council's meeting today

After assuming charge as Chairman Federal Board of Revenue (FBR), Mumtaz Haider Rizvi has called first meeting of the Board-in-Council here on Tuesday (today) to chalk out an effective strategy to meet the ambitious revenue collection's target of Rs1952 b
Published 14 Feb, 2012 12:00am
New FBR chief calls council''s meeting today

New FBR chief calls council''s meeting today

After assuming charge as Chairman Federal Board of Revenue (FBR), Mumtaz Haider Rizvi has called first meeting of the Board-in-Council here on Tuesday (today) to chalk out an effective strategy to meet the ambitious revenue collection''s target of Rs1952
Published 14 Feb, 2012 12:00am
TCP refuses to procure excess quantity of sugar

TCP refuses to procure excess quantity of sugar

Following the directives of the ministry of finance, Trading Corporation of Pakistan (TCP) has refused to procure excess quantity of sugar, offered by the domestic sugar mills in response to a price matching formula.
Published 14 Feb, 2012 12:00am
TCP refuses to procure excess quantity of sugar

TCP refuses to procure excess quantity of sugar

Following the directives of the ministry of finance, Trading Corporation of Pakistan (TCP) has refused to procure excess quantity of sugar, offered by the domestic sugar mills in response to a price matching formula.
Published 14 Feb, 2012 12:00am
TCP refuses to procure excess quantity of sugar

TCP refuses to procure excess quantity of sugar

Following the directives of the ministry of finance, Trading Corporation of Pakistan (TCP) has refused to procure excess quantity of sugar, offered by the domestic sugar mills in response to a price matching formula.
Published 14 Feb, 2012 12:00am
FAP has won TCP contract on merit

FAP has won TCP contract on merit

Fauji Akbar Portia Marine Terminals Limited (FAP) while clarifying a news item published in Business Recorder's 11th February edition has stated that FAP was pre-qualified by TCP to handle fertilizer/urea in January 2011 after considering all the benefits
Published 14 Feb, 2012 12:00am
FAP has won TCP contract on merit

FAP has won TCP contract on merit

Fauji Akbar Portia Marine Terminals Limited (FAP) while clarifying a news item published in Business Recorder's 11th February edition has stated that FAP was pre-qualified by TCP to handle fertilizer/urea in January 2011 after considering all the benefits
Published 14 Feb, 2012 12:00am
FAP has won TCP contract on merit

FAP has won TCP contract on merit

Fauji Akbar Portia Marine Terminals Limited (FAP) while clarifying a news item published in Business Recorder''s 11th February edition has stated that FAP was pre-qualified by TCP to handle fertilizer/urea in January 2011 after considering all the benefit
Published 14 Feb, 2012 12:00am
Power projects for SMEs: SCCI talks to German firms

Power projects for SMEs: SCCI talks to German firms

Sialkot Chamber of Commerce and Industry (SCCI) on Monday invited power generating German firms dealing in alternate energy sources to discuss small scale power projects for SMEs set up in Sialkot.
Published 14 Feb, 2012 12:00am
Aptma for granting MFN status to India

Aptma for granting MFN status to India

All Pakistan Textile Mills Association (APTMA) is in favour of granting Most Favoured Nation (MFN) status to India as business standards would improve in competition with Indian textile industry, said Convener WTO committee Akber Sheikh. He was holding an
Published 14 Feb, 2012 12:00am
Jahangir Tareen to contest next election from NA-154 Lodhran

Jahangir Tareen to contest next election from NA-154 Lodhran

Central leader of Pakistan Tehreek-e-Insaf Jahangir Khan Tareen announced on Monday that he would contest next election from NA-154 Lodhran. Addressing a news conference in Lodhran, he further said that he did not believe in conventional political tactics
Published 14 Feb, 2012 12:00am
PPP, coalition diehards present: MQM stays away

PPP, coalition diehards present: MQM stays away

While Supreme Court Monday resumed hearing of contempt case against Prime Minister Yousuf Raza Gilani, several PPP and its coalition diehards' presence was witnessed in the courtroom except Muttahida Qaumi Movement.
Published 14 Feb, 2012 12:00am
MPs protest non-completion of damaged infrastructure

MPs protest non-completion of damaged infrastructure

Despite assurance from the prime minister on the floor of National Assembly, the members strongly protested on Monday over non-completion of damaged infrastructure in different provinces especially in Khyber-Pakhtunkhwa due to devastating floods last year
Published 14 Feb, 2012 12:00am
Pak-India trade: need emphasised to resolve issues threatening growth

Pak-India trade: need emphasised to resolve issues threatening growth

President, Bombay Chamber of Commerce and Industry, Ashok Kumar Barat has emphasised the need of resolving small issues impeding growth of business between India and Pakistan first and then going for the issues such as that of bio-gas. Speaking at a dinne
Published 14 Feb, 2012 12:00am
Training workshop on dengue for teachers held

Training workshop on dengue for teachers held

The Institute of Public Health Lahore (IHP) with the collaboration of World Health Organisation (Who) has organized a one-day training workshop for school teachers on Monday. The main objectives of training workshop was to provide feedback to the training
Published 14 Feb, 2012 12:00am
Strike against SNGPL official's arrest observed in Punjab

Strike against SNGPL official's arrest observed in Punjab

Sui Northern Executive Officers Association (SNEOA) observed strike on Monday along with the Employees Union of SNGPL at the company's head-office and regional offices all over Punjab against the arrest of Executive Engineer Shahid Shaukat by Federal Inve
Published 14 Feb, 2012 12:00am
Six alleged kidnappers arrested

Six alleged kidnappers arrested

Crime Branch of Sindh Police on Monday claimed to have arrested six alleged kidnappers from Surjani Town area. According to police, the action was taken on a tipoff, which revealed that some notorious kidnappers were hiding in the said area.
Published 14 Feb, 2012 12:00am
Murder case of Sapna Khan: court office asked to fix pleas

Murder case of Sapna Khan: court office asked to fix pleas

Justice Sheikh Najam-ul-Hassan of Lahore High Court here Monday directed the office to fix all the petitions moved by former Chief Minister Sardar Dost Muhammad Khosa and Missal Khan for registration of cases against each other on charges of kidnapping an
Published 14 Feb, 2012 12:00am
Seven missing prisoners produced before Supreme Court

Seven missing prisoners produced before Supreme Court

In pursuance of the Supreme Court order, the spy agencies on Monday produced seven missing prisoners before the court, picked up by them after they were released from Adiala Jail Rawalpindi in 2010.
Published 14 Feb, 2012 12:00am
PPP leaders criticise Nawaz, Mumtaz

PPP leaders criticise Nawaz, Mumtaz

"Mumtaz Bhutto is a political orphan and he wants to get a three-month job in caretaker set-up while, Mian Nawaz Sharif wants to get entry in Sindh that's why both met and breathed fire against the PPP-led government".
Published 14 Feb, 2012 12:00am
'Imran's politics revolves around opportunism'

'Imran's politics revolves around opportunism'

Pakistan Muslim League-Nawaz (PML-N) leader Senator Pervaiz Rashid said on Monday that politics of Imran Khan revolved around opportunism. Senator Rashid further said that a match had been fixed long ago between MQM and PTI and PTI public meeting of Decem
Published 14 Feb, 2012 12:00am
Europe's first Vega rocket blasts off successfully

Europe's first Vega rocket blasts off successfully

Europe's first Vega rocket blasted off from French Guiana on Monday in a successful inaugural flight aimed at giving Europe a vehicle for scientific satellite missions. The rocket took off from the European Space Agency's (ESA) launch site in Kourou, Fren
Published 14 Feb, 2012 12:00am
Pirates kill captain, chief engineer

Pirates kill captain, chief engineer

Pirates shot dead the captain and the chief engineer on a cargo ship off the coast of Nigeria on Monday, an International Maritime Bureau (IMB) official said, the latest in a string of attacks on vessels off the coast of Africa's No. 1 oil producer.
Published 14 Feb, 2012 12:00am
Chinese envoy pays rare visit to southern Taiwan

Chinese envoy pays rare visit to southern Taiwan

A Chinese envoy on Monday toured a southern Taiwan city, in a rare visit by a top mainland official to the area known for its vehement anti-China sentiment, officials said. Zheng Lizhong, China's second-ranking envoy to Taiwan, visited the city of Tainan
Published 14 Feb, 2012 12:00am
Turkmenistan president scores massive victory

Turkmenistan president scores massive victory

Turkmenistan President Gurbanguly Berdymukhamedov Monday scored a massive re-election victory with over 97 percent of votes in a poll where his uncritical rivals served only to make up the numbers. Berdymukhamedov scored 97.14 percent of the votes in Sund
Published 14 Feb, 2012 12:00am
UK airman killed in Afghan insurgent attack

UK airman killed in Afghan insurgent attack

The Ministry of Defence says a British soldier has been killed in an insurgent attack while patrolling southern Afghanistan. The ministry said in a statement that the airman from the Royal Air Force regiment was on a routine patrol Monday in the Western D
Published 14 Feb, 2012 12:00am
Swiss, Belgian sentenced to jail in Italy asbestos trial

Swiss, Belgian sentenced to jail in Italy asbestos trial

A Swiss tycoon and a Belgian baron were convicted by an Italian court and sentenced to 16 years in jail on Monday for negligence that led to more than 2,000 asbestos-related deaths in the biggest trial of its kind. The case in Turin could set a precedent
Published 14 Feb, 2012 12:00am
Santorum ahead of Romney in Michigan

Santorum ahead of Romney in Michigan

Conservative darling Rick Santorum has pulled ahead of presumptive Republican frontrunner Mitt Romney in the key battleground state of Michigan, according to two polls released Monday. The Santorum surge is the latest surprise in the topsy-turvy race to w
Published 14 Feb, 2012 12:00am
Google wins EU okay for Motorola buy

Google wins EU okay for Motorola buy

Google Inc won unconditional EU regulatory approval on Monday for its planned $12.5 billion purchase of mobile handset maker Motorola Mobility. But the European Commission said it would monitor the company and rivals' use of patents to ensure they comply
Published 14 Feb, 2012 12:00am
Diplomatic inaction fuelling Syria crackdown: UN

Diplomatic inaction fuelling Syria crackdown: UN

The UN human rights chief blamed disagreement in the Security Council on Monday for encouraging the Syrian government to step up attacks on opposition strongholds in its campaign to crush an uprising against President Bashar al-Assad's 11-year rule.
Published 14 Feb, 2012 12:00am
Former-UK police officer convicted of corruption

Former-UK police officer convicted of corruption

A jury has convicted a former senior British police officer of corruption for falsely arresting a business rival over a financial dispute. Ali Dizaei, a former commander with London's Metropolitan Police, was found guilty of misconduct in public office an
Published 14 Feb, 2012 12:00am
French court orders Monsanto to compensate poisoned farmer

French court orders Monsanto to compensate poisoned farmer

A French court on Monday found US agro giant Monsanto legally responsible for the poisoning of a farmer with one of its herbicides in 2004, in a verdict that could have global implications. "Monsanto is responsible for Paul Francois's suffering after he i
Published 14 Feb, 2012 12:00am
Parmalat founder in serious condition

Parmalat founder in serious condition

Calisto Tanzi, the founder of Italian dairy group Parmalat now controlled by France's Lactalis, is in a Parma hospital in a serious condition, his lawyer Giampiero Biancolella said on Monday.
Published 14 Feb, 2012 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against the dollar on Monday, buoyed along with other riskier assets after Greece's parliament approved an austerity bill, bringing the country closer to securing a second bailout and avoiding a chaotic default. Gains were expected to be kep
Published 14 Feb, 2012 12:00am
Euribor rates dip

Euribor rates dip

Euro-priced bank-to-bank lending rates continued to fall on Monday, as the money market readied itself for what is expected to be another giant injection of 3-year liquidity by the ECB later this month. Having pushed excess liquidity to record levels with
Published 14 Feb, 2012 12:00am
Most Asian currencies up, Singapore $ leads

Most Asian currencies up, Singapore $ leads

The Singapore dollar rebounded on Monday, leading most emerging Asian currencies higher as Greece moved closer to securing bailout aid, attracting offshore funds to the region's assets, although investors remained reluctant to add bets.
Published 14 Feb, 2012 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Monday powered by robust dollar inflows on improved risk appetite after Greece moved a step closer to securing much-needed bailout funds to avoid a messy default. The rupee ended at 49.19/20 to the dollar, stronger than Friday's c
Published 14 Feb, 2012 12:00am
Euro soars in London

Euro soars in London

The euro rose on Monday on relief that Greece's parliament had approved an austerity bill, taking Athens closer to securing much-needed bailout funds, though with obstacles still to be cleared to avoid a hard default, investors remained sceptical. "A Gree
Published 14 Feb, 2012 12:00am
Early trade in New York: euro rises in light trading

Early trade in New York: euro rises in light trading

The euro rose against the dollar in light trading on Monday after Greece approved new austerity measures, but worries about hurdles in the country's bid to avoid a disorderly default ate into gains.
Published 14 Feb, 2012 12:00am
Euro gains in Asia

Euro gains in Asia

The euro edged up on Monday after Greece's parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players worried about more hurdles before lenders seal a bailout deal. Violent street protests
Published 14 Feb, 2012 12:00am
Aussie, New Zealand dollar up

Aussie, New Zealand dollar up

The Australian and New Zealand dollars firmed on Monday as the passage of Greece's austerity bill brightened the allure of risky assets, ahead of a key EU meeting later this week to secure a second bailout. The Australian dollar crept up to $1.0733, after
Published 14 Feb, 2012 12:00am
Yuan ticks higher

Yuan ticks higher

The yuan ticked up against the dollar on Monday but stayed below its record high of last week, as the People's Bank of China signalled that strong yuan appreciation is not on the cards for now amid signs China's economy is slowing in line with global weak
Published 14 Feb, 2012 12:00am
Indian man questioned over call made to Hina

Indian man questioned over call made to Hina

Police in the southern Indian state of Karnataka have questioned a man for calling Pakistani Foreign Minister Hina Rabbani Khar on her mobile phone, but have released him without charge. Senior police officers denied reports that the man, named Ambaresh,
Published 14 Feb, 2012 12:00am
Afaq seeks removal of his name from ECL

Afaq seeks removal of his name from ECL

A division bench of Sindh High Court (SHC) on Monday issued notices in a petition seeking removal of chairman, Mohajir Qaumi Movement-Haqiqi (MQM-H) Afaq Ahmed's name from Exit Control List (ECL).
Published 14 Feb, 2012 12:00am
BISE notification

BISE notification

Controller of Examination, Board of Intermediate & Secondary Education here has informed that the last date of submitting examination forms by the candidates passing Oriental Language Examination 2011 and intending to appear in Higher Secondary Certificat
Published 14 Feb, 2012 12:00am
Seminar informed Pakistan, India urged to cooperate on climate change

Seminar informed Pakistan, India urged to cooperate on climate change

Speakers at a seminar have stressed the need for cooperation among India, Pakistan and other South Asian countries on climate change, saying Pakistan and India must explore vistas of mutual benefit on climate change as both have integrated ecological syst
Published 14 Feb, 2012 12:00am
Teenager burnt alive

Teenager burnt alive

A 12-year-old boy was burnt alive as the fire broke out in a house located in the limits of Zaman Town police station. According to SHO Zaman Town, a fire broke out in a house located in sector 51-C street no 9 of Korangi that claimed a life of Allah Rakh
Published 14 Feb, 2012 12:00am
Prime Minister appears in Supreme Court under tight security

Prime Minister appears in Supreme Court under tight security

Prime Minister Yousuf Raza Gilani appeared before the Supreme Court bench in a contempt case on Monday amid tight security. The law enforcement agencies had declared a security alert in areas near the SC and closed several roads leading to the building. T
Published 14 Feb, 2012 12:00am
Charge-sheet against Prime Minister not valid: lawyer

Charge-sheet against Prime Minister not valid: lawyer

A prominent lawyer Dr Abdul Basit on Monday said charge-sheet against the Prime Minister, framed under Ordinance 2003, was not valid as the same Ordinance had already been rejected by 17-member bench of the Supreme Court.
Published 14 Feb, 2012 12:00am
Newly-appointed FBR chairman felicitated

Newly-appointed FBR chairman felicitated

Shaikh Shakeel Ahmed Dhingra, Vice President FPCCI and chairman of the federation's Standing Committee on Liaison with Federal Board of Revenue, has hailed the appointment of Mumtaz Hyder Rizvi as chairman FBR.
Published 14 Feb, 2012 12:00am
Plastic raw material: Hafeez urged to reduce ST, WHT rates

Plastic raw material: Hafeez urged to reduce ST, WHT rates

President Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed has urged Advisor to Prime Minister on Finance, Dr Abdul Hafeez Sheikh to reduce the rate of ST and WHT on plastic raw material not produced in Pakistan to prevent smuggling and m
Published 14 Feb, 2012 12:00am
Three including MQM worker fall prey to targeted killing

Three including MQM worker fall prey to targeted killing

The incident of targeted killing continued unabated in the city, as three more people including an activist of Muttahida Qaumi Movement (MQM) were killed on Monday in different area of the metropolis. According to police and rescue sources, an activist of
Published 14 Feb, 2012 12:00am
Man claims he was stuffed in gunny bag

Man claims he was stuffed in gunny bag

A 30-year-old man was recovered alive from a gunny bag in the jurisdiction of Chakiwara police station on Monday. According to police, the victim namely Amjad Baloch, son of Nabi Buksh, who was the resident of Phool Patti area, Baghdadi, in his statement
Published 14 Feb, 2012 12:00am
Will Pakistan's steady hand Gilani survive?

Will Pakistan's steady hand Gilani survive?

Prime Minister Yusuf Raza Gilani, indicted by the Supreme Court on Monday, was once seen as a shrewd operator with the best chance of bringing stability to Pakistan. The soft-spoken figure tiptoed through political minefields and at times acted as a troub
Published 14 Feb, 2012 12:00am
Prime Minister meets coalition partners

Prime Minister meets coalition partners

Prime Minister Syed Yousuf Raza Gilani presided over a meeting with coalition partners on Monday. The meeting was attended by Choudhry Shujaat Hussain, President PML (Q), Asfand Yar Wali Khan, President ANP, Farooq Sattar, MQM Parliamentary Leader, Munir
Published 14 Feb, 2012 12:00am
'Citi committed to supporting 'CMA Programme'

'Citi committed to supporting 'CMA Programme'

As Citi Pakistan celebrates its 50th anniversary in Pakistan and its 200th anniversary world-wide, it reiterates its commitment to the field of micro-finance by announcing that the foundation will continue its support to the Micro entrepreneur-ship Awards
Published 14 Feb, 2012 12:00am
Recruitment in PAF begins

Recruitment in PAF begins

Pakistan Air Force Information and Selection Centre announced on Monday that registration for recruitment as Airman in PAF has been started from Monday and continue till February 25, 2012.
Published 14 Feb, 2012 12:00am
Scientific Ravi published

Scientific Ravi published

The Scientific Ravi, a prestigious science research magazine of the Government College University Lahore, was published on Monday. The magazine is carrying 127 innovate research articles by noted scientists, professors, old Ravians and the university stud
Published 14 Feb, 2012 12:00am
Emirates opens doors to kindergarteners

Emirates opens doors to kindergarteners

Emirates Airline hosted children from the Pathways British School at their local office. A group of 24 children from kindergarten accompanied by their teachers visited the Emirates office and were warmly welcomed by the Emirates staff who distributed Emir
Published 14 Feb, 2012 12:00am
Government disobeying Supreme Court: PTI leader

Government disobeying Supreme Court: PTI leader

PTI provincial leader Nawabzada Khawaja Mohamamd Khan Hoti on Monday warned that government is trying to take action against the Supreme Court under the pretext of democracy and sovereignty, PTI masses tsunami would come out to the streets.
Published 14 Feb, 2012 12:00am
Senate polls: ECP receives 10 nomination papers

Senate polls: ECP receives 10 nomination papers

Election Commission of Pakistan on Monday received nomination papers from 10 candidates who want to contest the upcoming senate elections. According to the ECP official, one candidate of Pakistan Muslim League-Q candidate and nine candidates from Federall
Published 14 Feb, 2012 12:00am
Two alleged woman robbers, 5 others nabbed

Two alleged woman robbers, 5 others nabbed

The Crime Investigation Agency (CIA) of capital police arrested two women and their accomplice on Monday for snatching gold ornaments from lady passengers and also nabbed five other persons for possessing two pistols, one repeater gun and wine. CIA Inchar
Published 14 Feb, 2012 12:00am
CCP disposes of application seeking exemption for ICH Agreement

CCP disposes of application seeking exemption for ICH Agreement

The Competition Commission of Pakistan (CCP) upon application filed by PTCL and other LDIs operators has allowed withdrawal of the application filed under Section 5 of the Competition Act, 2010 (Act) for the purpose of seeking exemption for their proposed
Published 14 Feb, 2012 12:00am
Textile industry to have separate EDF

Textile industry to have separate EDF

To boost the country's textile export, a separate Export Development Fund (EDF) would be created for the industry, official sources told Business Recorder.
Published 14 Feb, 2012 12:00am
KP government signs MoU to establish IT parks

KP government signs MoU to establish IT parks

The provincial government of Khyber Pakhtunkhwa on Monday signed a memorandum of understanding (MoU) with Comsat University, Abbottabad and PTCL for establishing Information Technology (IT) parks in provincial metropolis and Abbottabad. The tripartite agr
Published 14 Feb, 2012 12:00am
'Ahmadinejad to visit Pakistan soon'

'Ahmadinejad to visit Pakistan soon'

Vice President of Iran for International Affairs, Ali Saeedlou said that President Mahmoud Ahmadinejad will visit Pakistan soon. During President Ahmadinejad's upcoming visit to Pakistan, several issues such as Iran-Pakistan gas pipeline, providing Pakist
Published 14 Feb, 2012 12:00am
Commodity, financial stocks lead FTSE higher

Commodity, financial stocks lead FTSE higher

Britain's leading shares index closed higher on Monday, led by commodity and financial stocks, after Greece moved a step closer to securing an international bailout and avoiding a messy default. At the close, the FTSE 100 index was up 53.31 points, or 0.9
Published 14 Feb, 2012 12:00am
Indian shares move up

Indian shares move up

Indian shared edged 0.14 percent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. The main 30-share BSE index closed 24.15 points up at 17,772.84, wi
Published 14 Feb, 2012 12:00am
Australian shares gain

Australian shares gain

Australian shares advanced 0.9 percent on Monday, led by banking stocks after the Greek parliament approved a deeply unpopular austerity bill to secure a second bailout from the European Union and the IMF and avoid a debt default. The reaction across fina
Published 14 Feb, 2012 12:00am
South East Asian markets post limited gains

South East Asian markets post limited gains

Most Southeast Asian stock markets posted limited gains on Monday following the passage of Greece's austerity bill and amid selective buying of dividend yielding shares and stocks that have strong earnings prospects. Market players picked bluechips such a
Published 14 Feb, 2012 12:00am
European shares low volume rally seen fading

European shares low volume rally seen fading

A low-volume rally in European shares on Monday looked to peter out as traders said short-sellers were beginning to position for a fall in the market. Cable & Wireless Worldwide was the star performer, jumping 44.5 percent in volume nearly tenfold its 90-
Published 14 Feb, 2012 12:00am
Taiwan stocks advance

Taiwan stocks advance

Taiwan stocks closed up 0.64 percent on Monday, lifted by biotech plays and Mediatek, offsetting declines in Apple Inc suppliers. The main TAIEX index rose 50.64 points to 7,912.91, after opening down 0.17 percent. Electronics shares rose 0.43 percent, wi
Published 14 Feb, 2012 12:00am
Monday's midday trade: Wall Street higher on Greek deal, banks lead

Monday's midday trade: Wall Street higher on Greek deal, banks lead

US stocks rose Monday as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package. The deal helps Greece avoid a potentially chaotic default, though the government remains under pressure to convince a
Published 14 Feb, 2012 12:00am
Nikkei advances: Softbank jumps; Tepco ends up

Nikkei advances: Softbank jumps; Tepco ends up

The Nikkei average rebounded from two days of losses on Monday after Greece approved a painful austerity bill in return for a second European bailout, but further gains may be difficult amid protests in Athens and chart resistance at its 200-day moving av
Published 14 Feb, 2012 12:00am
Hong Kong shares up; Shanghai index flat

Hong Kong shares up; Shanghai index flat

Hong Kong shares rose on Monday as Greek passage of an austerity bill liftedappetites for risky assets in Asia, although underperformance in Chinese developers due to concern their 2012 rally has been overdone led Shanghai to close flat.
Published 14 Feb, 2012 12:00am
Egypt's index soars to six-month high; Gulf markets up

Egypt's index soars to six-month high; Gulf markets up

Egypt's main index surged 4.2 percent to a six-month high on Monday, spurred by news that France Telecom had agreed to buy most outstanding shares in Mobinil at a substantial premium, and most Gulf markets gained. Under a preliminary accord, the French gr
Published 14 Feb, 2012 12:00am
Greece still to convince Europe after rescue deal

Greece still to convince Europe after rescue deal

The Greek government came under pressure on Monday to convince sceptical European capitals that it would stick to the terms of a multi-billion-euro rescue package endorsed by lawmakers during violent protests on the streets of Athens.
Published 14 Feb, 2012 12:00am
Kuwait's central bank governor resigns

Kuwait's central bank governor resigns

Kuwait's central bank governor resigned after 25 years in the post on Monday, protesting against a rapid rise in government spending, but his departure may be linked to political change in the oil-rich state and not any immediate economic crisis.
Published 14 Feb, 2012 12:00am
Ukraine, Russia trade accusations in cheese 'war'

Ukraine, Russia trade accusations in cheese 'war'

Ukraine accused Russia on Monday of blocking Ukrainian cheese imports for political reasons in an escalation of a food quality dispute between the two former Soviet nations.
Published 14 Feb, 2012 12:00am
EU aviation carbon tax fuels concerns, may go to UN

EU aviation carbon tax fuels concerns, may go to UN

Global planemaker Airbus joined a chorus of concern that a European scheme to charge airlines for carbon emissions risks triggering a full-blown trade war, with implications for plane deals and even Europe's crippling sovereign debt crisis. The EU's Emiss
Published 14 Feb, 2012 12:00am
Avon investigated on foreign bribery charges

Avon investigated on foreign bribery charges

US prosecutors investigating whether US executives at beauty products company Avon broke foreign-bribery laws have presented evidence in the probe to a grand jury, The Wall Street Journal reported Monday.
Published 14 Feb, 2012 12:00am
French, Belgian short-selling bans lifted

French, Belgian short-selling bans lifted

A ban by France and Belgium on short-selling shares in certain financial institutions has been lifted, market regulators said on Monday. Analysts said an improvement in market sentiment was probably behind the removal of the bans which should bring added
Published 14 Feb, 2012 12:00am
Freddie Mac sells $2 billion bills

Freddie Mac sells $2 billion bills

Freddie Mac, the No 2 US home funding company, said on Monday it sold $2 billion in reference bills at higher rates and mixed demand compared with last week's sale of similar maturities. Freddie Mac sold $1 billion of three-month bills, due May 14, 2012,
Published 14 Feb, 2012 12:00am
Europe's debt crisis is now 'critical', says China

Europe's debt crisis is now 'critical', says China

Europe's debt crisis has reached a "critical juncture", Beijing said on Monday, a day ahead of talks between Chinese leaders and European Union officials. The crisis, which has triggered violent unrest in Greece, will top the agenda at the EU-China summit
Published 14 Feb, 2012 12:00am
Black money: Indians have stashed over $500 billion in banks abroad: CBI

Black money: Indians have stashed over $500 billion in banks abroad: CBI

Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars of illegal money stashed by them in tax havens, the CBI Director said on Monday. India, in particular, has suffered from the flow of illegal funds to tax havens su
Published 14 Feb, 2012 12:00am
Japan's big GDP drop a worry for Prime Minister tax plan

Japan's big GDP drop a worry for Prime Minister tax plan

Japan's economy shrank much more-than-expected in the fourth quarter, as Thai floods, a strong yen and weak demand hurt exports, casting doubt on hopes for a quick pick up in activity that could bolster government plans to raise the sales tax.
Published 14 Feb, 2012 12:00am
Rolls-Royce opens largest Asian facility

Rolls-Royce opens largest Asian facility

Aircraft engine giant Rolls-Royce opened its largest Asian facility in Singapore on Monday as it looks to capitalise on the region's booming aviation sector. The Rolls-Royce Seletar Campus will be the only facility outside of the firm's Derby plant in Bri
Published 14 Feb, 2012 12:00am
Microsoft India store shut after hackers take user data

Microsoft India store shut after hackers take user data

Microsoft India's retail website was down on Monday after being hacked, with a purportedly Chinese group called Evil Shadow Team posting screenshots the hackers said were customers' obscured usernames and passwords found unencrypted on the site. "Microsof
Published 14 Feb, 2012 12:00am
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