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Archive - 2012-03-05
Change afoot in country: Nawaz
Top News

Change afoot in country: Nawaz

LAHORE: President Pakistan Muslim League-N Muhammad Nawaz Sharif on Monday said that change was afoot as revolutionary p
Published 05 Mar, 2012 03:18pm
TTP 'number two sacked': spokesman
Top News

TTP 'number two sacked': spokesman

PESHAWAR : The number two commander in Pakistan 's Taliban movement has been sacked as deputy chief but will remain wit
Published 05 Mar, 2012 03:17pm
Gold slips to Rs50,314
Markets

Gold slips to Rs50,314

KARACHI: Gold slipped by Rs 257 to close at Rs 50,314 per 10 grams in the local market Monday as its international price
Published 05 Mar, 2012 03:16pm
ISE-10 gains 43 points
Markets

ISE-10 gains 43 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index gained 42.90 points to
Published 05 Mar, 2012 03:12pm
Spain deficit slippage 'serious': EU
Top News

Spain deficit slippage 'serious': EU

BRUSSELS: Slippage worth tens of billions of euros in Spain's 2011 spending amounts to a "serious, grave" budgetary devi
Published 05 Mar, 2012 12:58pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : On Monday, KSE-100 Index closed at 13,278.31 with a net positive change of 189.34 and volume of 200,650,877. T
Published 05 Mar, 2012 12:36pm
Pak-India trade to cut freight charges
Top News

Pak-India trade to cut freight charges

KARACHI: Freight charges on the import of raw materials from India will be $ 1500 lower than China and other destination
Published 05 Mar, 2012 12:30pm
Thai debt-to-GDP ratio could hit 50pc
Top News

Thai debt-to-GDP ratio could hit 50pc

BANGKOK: Thailand's debt-to-GDP ratio could go up to 50 percent as a result of the 400 billion baht ($13.1 billion) the
Published 05 Mar, 2012 12:08pm
Bomb blast near PM building: Turkey
Top News

Bomb blast near PM building: Turkey

ANKARA: A small bomb exploded near the Turkish prime ministry building in the capital Ankara on Monday, about an hour be
Published 05 Mar, 2012 07:56am
Oil prices up in Asian trade
Energy

Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday on prospects for stronger US economic growth and jitters sparked by sab
Published 05 Mar, 2012 06:31am
EU carbon rule to cost $2.8bn: China
Top News

EU carbon rule to cost $2.8bn: China

BEIJING: The European Union's plan to charge airlines for their greenhouse gas emissions would rise dramatically to cost
Published 05 Mar, 2012 06:18am
Tokyo stocks down 0.26pc
Financial

Tokyo stocks down 0.26pc

TOKYO: Tokyo stocks fell 0.26 percent in directionless trade on Monday morning owing to an absence of fresh buying incen
Published 05 Mar, 2012 06:17am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Monday until 12:30 P.M., KSE-100 Index remained positive and was at 13,176.86 with a positive change of 87.
Published 05 Mar, 2012 06:09am
Hong Kong shares down 1.13pc
Financial

Hong Kong shares down 1.13pc

HONG KONG: Hong Kong shares slipped 1.13 percent Monday morning after China said it expected its economic growth to slow
Published 05 Mar, 2012 05:43am
Bank Alfalah on track
BR Research

Bank Alfalah on track

Bank Alfalah Llimited (BAFL) recorded Rs.3.5 billion in net profits in CY11, nearly 3.6 times higher than the previous year. BAFLs mark-up r
Published 05 Mar, 2012 12:00am
PTI Energy Conference
BR Research

PTI Energy Conference

Political parties vying for change are often rubbished aside for not having clear-cut agenda and merely riding on rhetoric. Unfortunately, w
Published 05 Mar, 2012 12:00am
Putin wins presidency, opponents allege fraud

Putin wins presidency, opponents allege fraud

Vladimir Putin won a resounding victory in Russia's presidential election on Sunday, exit polls showed, securing a new six-year term in the Kremlin and a mandate to deal with opposition protests after a vote that opponents said was marred by fraud.
Published 05 Mar, 2012 12:00am
Putin wins presidency, opponents allege fraud

Putin wins presidency, opponents allege fraud

Vladimir Putin won a resounding victory in Russia's presidential election on Sunday, exit polls showed, securing a new six-year term in the Kremlin and a mandate to deal with opposition protests after a vote that opponents said was marred by fraud.
Published 05 Mar, 2012 12:00am
Congo arms depot blast kills 200

Congo arms depot blast kills 200

Around 200 people were killed on Sunday when an arms dump exploded in Brazzaville, ripping apart a nearby neighbourhood in the Congo Republic's capital, medical and local authorities said. Around 200 more were injured by the blasts which rocked the rivers
Published 05 Mar, 2012 12:00am
Congo arms depot blast kills 200

Congo arms depot blast kills 200

Around 200 people were killed on Sunday when an arms dump exploded in Brazzaville, ripping apart a nearby neighbourhood in the Congo Republic's capital, medical and local authorities said. Around 200 more were injured by the blasts which rocked the rivers
Published 05 Mar, 2012 12:00am
THE RUPEE: dollar higher marginally

THE RUPEE: dollar higher marginally

The rupee was lower against dollar, it however, showed an upward trend versus euro in the money market during the week, ended on March 3, 2012. In the interbank market dealings, the rupee inched down in terms of the US currency, shedding two paisa for buy
Published 05 Mar, 2012 12:00am
THE RUPEE: dollar higher marginally

THE RUPEE: dollar higher marginally

The rupee was lower against dollar, it however, showed an upward trend versus euro in the money market during the week, ended on March 3, 2012. In the interbank market dealings, the rupee inched down in terms of the US currency, shedding two paisa for buy
Published 05 Mar, 2012 12:00am
Iran elections: Khamenei allies trounce Ahmadinejad

Iran elections: Khamenei allies trounce Ahmadinejad

Clerical Supreme Leader Ayatollah Ali Khamenei has tightened his grip on Iran's faction-ridden politics after loyalists won over 75 percent of seats in parliamentary elections at the expense of President Mahmoud Ahmadinejad, a near-complete count showed.
Published 05 Mar, 2012 12:00am
Iran elections: Khamenei allies trounce Ahmadinejad

Iran elections: Khamenei allies trounce Ahmadinejad

Clerical Supreme Leader Ayatollah Ali Khamenei has tightened his grip on Iran's faction-ridden politics after loyalists won over 75 percent of seats in parliamentary elections at the expense of President Mahmoud Ahmadinejad, a near-complete count showed.
Published 05 Mar, 2012 12:00am
Obama warns against 'loose talk' of war on Iran

Obama warns against 'loose talk' of war on Iran

President Barack Obama warned on Sunday against "loose talk" of a war with Iran ahead of a crucial meeting in which he will urge Israel's prime minister to avoid a premature strike on the Islamic Republic's nuclear facilities.
Published 05 Mar, 2012 12:00am
Obama warns against 'loose talk' of war on Iran

Obama warns against 'loose talk' of war on Iran

President Barack Obama warned on Sunday against "loose talk" of a war with Iran ahead of a crucial meeting in which he will urge Israel's prime minister to avoid a premature strike on the Islamic Republic's nuclear facilities.
Published 05 Mar, 2012 12:00am
China boosts defence budget 11 percent

China boosts defence budget 11 percent

China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defence budget since President Barack Obama launched a policy "pivot" to reinforce US influence across the Asia-Pacific.
Published 05 Mar, 2012 12:00am
China boosts defence budget 11 percent

China boosts defence budget 11 percent

China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defence budget since President Barack Obama launched a policy "pivot" to reinforce US influence across the Asia-Pacific.
Published 05 Mar, 2012 12:00am
Index crosses 13,000 mark

Index crosses 13,000 mark

A bullish trend continued on the Karachi share market during the outgoing week ended on March 02, 2012 on the back of both local and foreign investors support. The benchmark KSE-100 index increased by 382.45 points on week-on-week basis to close above 13,
Published 05 Mar, 2012 12:00am
Index crosses 13,000 mark

Index crosses 13,000 mark

A bullish trend continued on the Karachi share market during the outgoing week ended on March 02, 2012 on the back of both local and foreign investors support. The benchmark KSE-100 index increased by 382.45 points on week-on-week basis to close above 13,
Published 05 Mar, 2012 12:00am
Index crosses 13,000 mark

Index crosses 13,000 mark

A bullish trend continued on the Karachi share market during the outgoing week ended on March 02, 2012 on the back of both local and foreign investors support. The benchmark KSE-100 index increased by 382.45 points on week-on-week basis to close above 13,
Published 05 Mar, 2012 12:00am
Futures open interest up 20.6 percent

Futures open interest up 20.6 percent

The total open interest position at the futures counter increased by Rs 385 million, up 20.6 percent on week-on-week basis to Rs 2.26 billion. The futures spreads, on the other hand, declined by 166bps on week-on-week basis to 10.9 percent owing to rise i
Published 05 Mar, 2012 12:00am
Futures open interest up 20.6 percent

Futures open interest up 20.6 percent

The total open interest position at the futures counter increased by Rs 385 million, up 20.6 percent on week-on-week basis to Rs 2.26 billion. The futures spreads, on the other hand, declined by 166bps on week-on-week basis to 10.9 percent owing to rise i
Published 05 Mar, 2012 12:00am
Futures open interest up 20.6 percent

Futures open interest up 20.6 percent

The total open interest position at the futures counter increased by Rs 385 million, up 20.6 percent on week-on-week basis to Rs 2.26 billion. The futures spreads, on the other hand, declined by 166bps on week-on-week basis to 10.9 percent owing to rise i
Published 05 Mar, 2012 12:00am
Futures open interest up 20.6 percent

Futures open interest up 20.6 percent

The total open interest position at the futures counter increased by Rs 385 million, up 20.6 percent on week-on-week basis to Rs 2.26 billion. The futures spreads, on the other hand, declined by 166bps on week-on-week basis to 10.9 percent owing to rise i
Published 05 Mar, 2012 12:00am
Euro & gold to remain soft

Euro & gold to remain soft

The US Dollar surged and gold after sliding USD 100 was still searching the bottom after Fed Chairman Bernanke's last Wednesday testimony to the congress, which turned out to be the bigger event of week, as most of the financial market players were concen
Published 05 Mar, 2012 12:00am
Euro & gold to remain soft

Euro & gold to remain soft

The US Dollar surged and gold after sliding USD 100 was still searching the bottom after Fed Chairman Bernanke's last Wednesday testimony to the congress, which turned out to be the bigger event of week, as most of the financial market players were concen
Published 05 Mar, 2012 12:00am
Euro & gold to remain soft

Euro & gold to remain soft

The US Dollar surged and gold after sliding USD 100 was still searching the bottom after Fed Chairman Bernanke''s last Wednesday testimony to the congress, which turned out to be the bigger event of week, as most of the financial market players were conce
Published 05 Mar, 2012 12:00am
New administrative units: Gilani rejects Nawaz's proposal

New administrative units: Gilani rejects Nawaz's proposal

Prime Minister Syed Yousuf Raza Gilani on Sunday rejected PML-N President Mian Nawaz Sharif's proposal of new administrative units, saying that people of Saraiki belt wanted a separate province. The prime minister was addressing a big gathering of people
Published 05 Mar, 2012 12:00am
New administrative units: Gilani rejects Nawaz's proposal

New administrative units: Gilani rejects Nawaz's proposal

Prime Minister Syed Yousuf Raza Gilani on Sunday rejected PML-N President Mian Nawaz Sharif's proposal of new administrative units, saying that people of Saraiki belt wanted a separate province. The prime minister was addressing a big gathering of people
Published 05 Mar, 2012 12:00am
Senate elections: 'horse-trading' took place in Punjab: Zardari

Senate elections: 'horse-trading' took place in Punjab: Zardari

President Asif Ali Zardari said on Sunday that "horse-trading" took place at the Senate elections in Punjab and investigation will be conducted against those who switched loyalties, private channel reported. The president called PPP worker Aslam Gill on S
Published 05 Mar, 2012 12:00am
Senate elections: 'horse-trading' took place in Punjab: Zardari

Senate elections: 'horse-trading' took place in Punjab: Zardari

President Asif Ali Zardari said on Sunday that "horse-trading" took place at the Senate elections in Punjab and investigation will be conducted against those who switched loyalties, private channel reported. The president called PPP worker Aslam Gill on S
Published 05 Mar, 2012 12:00am
Israel, Cyprus sign underwater electricity cable accord

Israel, Cyprus sign underwater electricity cable accord

Israel and Cyprus signed an accord Sunday to lay an underwater electricity cable between the Mediterranean nations, the first stage in a bid to transfer power between the Jewish state and mainland Europe. The cable, which the sides hope to complete by 201
Published 05 Mar, 2012 12:00am
Pakistan appoints Whatmore as head coach for two years

Pakistan appoints Whatmore as head coach for two years

Australian Dav Whatmore has been appointed Pakistan's head coach for two years, the Pakistan Cricket Board (PCB) announced on Sunday. Englishman Julian Fountain would be the fielding coach, the PCB said. The two men would take immediate charge of the team
Published 05 Mar, 2012 12:00am
Pakistan appoints Whatmore as head coach for two years

Pakistan appoints Whatmore as head coach for two years

Australian Dav Whatmore has been appointed Pakistan's head coach for two years, the Pakistan Cricket Board (PCB) announced on Sunday. Englishman Julian Fountain would be the fielding coach, the PCB said. The two men would take immediate charge of the team
Published 05 Mar, 2012 12:00am
Bangladesh keen to tour Pakistan

Bangladesh keen to tour Pakistan

Bangladesh Cricket Board president Mustafa Kamal wants to send his country's team to Pakistan, provided the tour gets the approval of the International Cricket Council. "We will be approaching the ICC that we are keen to come to Pakistan," Kamal said Sund
Published 05 Mar, 2012 12:00am
Bangladesh keen to tour Pakistan

Bangladesh keen to tour Pakistan

Bangladesh Cricket Board president Mustafa Kamal wants to send his country's team to Pakistan, provided the tour gets the approval of the International Cricket Council. "We will be approaching the ICC that we are keen to come to Pakistan," Kamal said Sund
Published 05 Mar, 2012 12:00am
Some aid reaches Homs as Syrians flee to border

Some aid reaches Homs as Syrians flee to border

The Red Cross delivered emergency aid to areas around the battered Baba Amro district of the Syrian city of Homs on Sunday, but was blocked for a third day from entering the former rebel bastion amid reports of bloody reprisals by state forces. Activists
Published 05 Mar, 2012 12:00am
Some aid reaches Homs as Syrians flee to border

Some aid reaches Homs as Syrians flee to border

The Red Cross delivered emergency aid to areas around the battered Baba Amro district of the Syrian city of Homs on Sunday, but was blocked for a third day from entering the former rebel bastion amid reports of bloody reprisals by state forces. Activists
Published 05 Mar, 2012 12:00am
China wealth fund got $30 billion boost in 2011

China wealth fund got $30 billion boost in 2011

China's $410 billion sovereign wealth fund China Investment Corp received $30 billion in new funding last year, a top executive said, declining to say if the additional money would pay for asset purchases in crisis-hit Europe. Jesse Wang, an executive vic
Published 05 Mar, 2012 12:00am
China wealth fund got $30 billion boost in 2011

China wealth fund got $30 billion boost in 2011

China's $410 billion sovereign wealth fund China Investment Corp received $30 billion in new funding last year, a top executive said, declining to say if the additional money would pay for asset purchases in crisis-hit Europe. Jesse Wang, an executive vic
Published 05 Mar, 2012 12:00am
China wealth fund got $30 billion boost in 2011

China wealth fund got $30 billion boost in 2011

China''s $410 billion sovereign wealth fund China Investment Corp received $30 billion in new funding last year, a top executive said, declining to say if the additional money would pay for asset purchases in crisis-hit Europe. Jesse Wang, an executive vi
Published 05 Mar, 2012 12:00am
China wealth fund got $30 billion boost in 2011

China wealth fund got $30 billion boost in 2011

China''''s $410 billion sovereign wealth fund China Investment Corp received $30 billion in new funding last year, a top executive said, declining to say if the additional money would pay for asset purchases in crisis-hit Europe. Jesse Wang, an executive
Published 05 Mar, 2012 12:00am
Afghan army chief warns against another Nato blunder

Afghan army chief warns against another Nato blunder

The burning of Korans at a Nato base in Afghanistan advanced the Taliban's cause and any repeat of similar "negligence" by Western forces would be disastrous, the Afghan army chief of staff has warned. The destruction of the holy books, which the United S
Published 05 Mar, 2012 12:00am
Afghan army chief warns against another Nato blunder

Afghan army chief warns against another Nato blunder

The burning of Korans at a Nato base in Afghanistan advanced the Taliban's cause and any repeat of similar "negligence" by Western forces would be disastrous, the Afghan army chief of staff has warned. The destruction of the holy books, which the United S
Published 05 Mar, 2012 12:00am
Indian army short of ammunition

Indian army short of ammunition

Indian Army chief, V K Singh has said that Indian army is short of ammunition and in case of war it may run out of stocks in couple of days, a private TV channel reported Sunday. According to the channel, General V K Singh has written a letter to Defence
Published 05 Mar, 2012 12:00am
Indian army short of ammunition

Indian army short of ammunition

Indian Army chief, V K Singh has said that Indian army is short of ammunition and in case of war it may run out of stocks in couple of days, a private TV channel reported Sunday. According to the channel, General V K Singh has written a letter to Defence
Published 05 Mar, 2012 12:00am
Heirs of Qatari prince suing Swiss bank for $2.6 billion fortune

Heirs of Qatari prince suing Swiss bank for $2.6 billion fortune

Heirs of a Qatari prince who died in 2000 are taking HSBC Suisse to court to obtain $2.6 billion they say he had on deposit with the bank, the Swiss weekly Le Matin Dimanche reported Sunday. They allege that the Geneva-based bank refused them access to th
Published 05 Mar, 2012 12:00am
Heirs of Qatari prince suing Swiss bank for $2.6 billion fortune

Heirs of Qatari prince suing Swiss bank for $2.6 billion fortune

Heirs of a Qatari prince who died in 2000 are taking HSBC Suisse to court to obtain $2.6 billion they say he had on deposit with the bank, the Swiss weekly Le Matin Dimanche reported Sunday. They allege that the Geneva-based bank refused them access to th
Published 05 Mar, 2012 12:00am
Heirs of Qatari prince suing Swiss bank for $2.6 billion fortune

Heirs of Qatari prince suing Swiss bank for $2.6 billion fortune

Heirs of a Qatari prince who died in 2000 are taking HSBC Suisse to court to obtain $2.6 billion they say he had on deposit with the bank, the Swiss weekly Le Matin Dimanche reported Sunday. They allege that the Geneva-based bank refused them access to th
Published 05 Mar, 2012 12:00am
Sugar price may further increase

Sugar price may further increase

Price of sugar is likely to show further increase on account of fear of lower production in the country as compared with earlier estimates and putting Indian sugar on the negative list with the approval of the federal cabinet, well informed sources in Min
Published 05 Mar, 2012 12:00am
Sugar price may further increase

Sugar price may further increase

Price of sugar is likely to show further increase on account of fear of lower production in the country as compared with earlier estimates and putting Indian sugar on the negative list with the approval of the federal cabinet, well informed sources in Min
Published 05 Mar, 2012 12:00am
Sugar price may further increase

Sugar price may further increase

Price of sugar is likely to show further increase on account of fear of lower production in the country as compared with earlier estimates and putting Indian sugar on the negative list with the approval of the federal cabinet, well informed sources in Min
Published 05 Mar, 2012 12:00am
Iran seeks to boost ties with India

Iran seeks to boost ties with India

President Mahmoud Ahmadinejad on Sunday told an Indian minister ahead of a trade visit from the sub-continent that sanctions-hit Tehran wants to boost ties with New Delhi, the presidency website said. "The Islamic republic of Iran sees no restriction in e
Published 05 Mar, 2012 12:00am
Iran seeks to boost ties with India

Iran seeks to boost ties with India

President Mahmoud Ahmadinejad on Sunday told an Indian minister ahead of a trade visit from the sub-continent that sanctions-hit Tehran wants to boost ties with New Delhi, the presidency website said. "The Islamic republic of Iran sees no restriction in e
Published 05 Mar, 2012 12:00am
Suicide attack wounds five police

Suicide attack wounds five police

A suicide attack targeting police in north-west Pakistan late Sunday wounded five officers and badly damaged a vehicle, officials said. The bomber struck a police patrol in Dera Ismail Khan town in the troubled Khyber Pakhtunkhwa province which borders Af
Published 05 Mar, 2012 12:00am
Suicide attack wounds five police

Suicide attack wounds five police

A suicide attack targeting police in north-west Pakistan late Sunday wounded five officers and badly damaged a vehicle, officials said. The bomber struck a police patrol in Dera Ismail Khan town in the troubled Khyber Pakhtunkhwa province which borders Af
Published 05 Mar, 2012 12:00am
Japan may begin criminal probe of AIJ managers

Japan may begin criminal probe of AIJ managers

Japan's financial regulator may launch a criminal investigation against executives at AIJ Investment Advisors which has lost most of the 200 billion yen ($2.45 billion) in pension funds it managed, the Daily Yomiuri reported on Sunday.
Published 05 Mar, 2012 12:00am
Japan may begin criminal probe of AIJ managers

Japan may begin criminal probe of AIJ managers

Japan's financial regulator may launch a criminal investigation against executives at AIJ Investment Advisors which has lost most of the 200 billion yen ($2.45 billion) in pension funds it managed, the Daily Yomiuri reported on Sunday.
Published 05 Mar, 2012 12:00am
Cold weather forecast for Quetta

Cold weather forecast for Quetta

The Met Office has forecast a cold weather for the city on Monday with the maximum temperature expected to range between 18 degrees Centigrade and 20 degrees Centigrade and minimum expected to range between 04 C and 06 C. Cold weather has been forecast fo
Published 05 Mar, 2012 12:00am
'Political structure incomplete without PPP's involvement'

'Political structure incomplete without PPP's involvement'

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan said that Pakistan People's Party (PPP) emerged as the top political party after winning the Senate elections with thumping majority. The political structure of the country is incompl
Published 05 Mar, 2012 12:00am
ANP demands deputy chairman Senate's slot

ANP demands deputy chairman Senate's slot

The Awami National Party (ANP) has demanded of Pakistan People's Party (PPP) to give it the slot of deputy chairman Senate, as it has the largest number of seats in Senate among all government coalition partners.
Published 05 Mar, 2012 12:00am
Anti-polio campaign in Bahawalpur from March 12

Anti-polio campaign in Bahawalpur from March 12

The four day anti-polio campaign will start from March 12 in Bahawalpur district. Talking to APP, District Co-ordination Officer Dr Naeem Rauf said that some 504,294 children of less than five years age will be administered anti-polio vaccines in the dist
Published 05 Mar, 2012 12:00am
JI denies receiving funds from ISI

JI denies receiving funds from ISI

Jamaat-e-Islami (JI) has strongly refuted the allegation of receiving any funds from the ISI, terming it a propaganda to tarnish the party's image. JI Secretary General Liaqat Baloch, while addressing a press conference at Lahore Press Club on Sunday, cla
Published 05 Mar, 2012 12:00am
Physiotherapy Department of LGH upgraded

Physiotherapy Department of LGH upgraded

Principal Post Graduate Medical Institute and Lahore General Hospital Professor Tariq Salah-ud-Din said that Physiotherapy Department of LGH has been upgraded through induction of modern equipment and facilities at a cost of Rs 2 crore. Projects of LGH Ph
Published 05 Mar, 2012 12:00am
Spring season in full bloom as temperature rises

Spring season in full bloom as temperature rises

The most colourful and pleasant spring season is in full bloom after increase in day time and temperature and end of extreme cold weather in plain areas of the country. There has been 4 to 6 degrees Celsius increase in the day and night temperatures since
Published 05 Mar, 2012 12:00am
Training workshop of civil judges concludes

Training workshop of civil judges concludes

Chief Justice of the Lahore High Court, Justice Sheikh Azmat Saeed, said that knowledge has no bounds. Man learns throughout his life and for mastery over law perhaps one's life is not sufficient. Chief Justice was addressing at the concluding session of
Published 05 Mar, 2012 12:00am
Cotton procurement: PCGA welcomes Prime Minister's statement

Cotton procurement: PCGA welcomes Prime Minister's statement

Pakistan Cotton Ginners Association (PCGA) has welcomed the Prime Minister Syed Yousuf Raza Gilani's statement that he would direct Trading Corporation of Pakistan (TCP) to start cotton procurement. "It will benefit the cotton grower instead of middleman.
Published 05 Mar, 2012 12:00am
Nawaz seeks apology from Chaudhrys for supporting dictator

Nawaz seeks apology from Chaudhrys for supporting dictator

Pakistan Muslim League (N) chief Muhammad Mian Nawaz Sharif here on Sunday said that Chaudhry brothers would be welcomed to the PML-N fold if they apologised to the nation for supporting a dictator. Talking with media persons following the announcement of
Published 05 Mar, 2012 12:00am
Seminar on Anti Terrorist Act Cases organised

Seminar on Anti Terrorist Act Cases organised

Terrorism has become serious Threat to the National Security, Economy and Public Life in Pakistan and result-oriented Legislation should immediately be enacted to contain this menace. This recommendation was made at a Seminar "How to improve the standard
Published 05 Mar, 2012 12:00am
KP traders, industrialists slam hike in oil prices, power, gas tariffs

KP traders, industrialists slam hike in oil prices, power, gas tariffs

Traders and Industrialists of Khyber Pakhtunkhwa have slammed the recent increase in prices of petroleum products and gas and electricity tariffs, saying that the increase would further inflation, hamper business and trade activities and will ultimately l
Published 05 Mar, 2012 12:00am
'Liver cancer is the 5th most common cancer worldwide'

'Liver cancer is the 5th most common cancer worldwide'

On the last day of 28th Annual International Congress of Pakistan Society of Gastroenterology and GI Endoscopy, Dr Subash Gupta a well-known Liver Transplant Surgeon in India gave a lecture on surgical management of Liver Cancer. Dr Gupta said that curren
Published 05 Mar, 2012 12:00am
'Red warrants' for Musharraf: government has approached Interpol: Malik

'Red warrants' for Musharraf: government has approached Interpol: Malik

Federal Minister for Interior Rehman Malik on Sunday said that the government had approached Interpol for issuance of red warrant against former President General Pervez Musharraf (retd), seeking his extradition to the country over his alleged involvement
Published 05 Mar, 2012 12:00am
Illegal LPG decanting goes unchecked in Rawalpindi

Illegal LPG decanting goes unchecked in Rawalpindi

The authorities concerned have failed to check and stop the illegal business of LPG in Rawalpindi city as illegal Liquefied Petroleum Gas (LPG) decanting is going unchecked and a large number of gas shops are not following safety measures. Several LPG dec
Published 05 Mar, 2012 12:00am
PTDC's funfair concludes

PTDC's funfair concludes

The three-day colourful funfair of Pakistan Tourism Development Corporation (PTDC) concluded Sunday at a local hotel featuring a variety of attractions for women.
Published 05 Mar, 2012 12:00am
Father of FWBL president passes away

Father of FWBL president passes away

Brigadier Atta Muhammad Malik (Retd), father of Ms Shafqat Sultana President First Women Bank Ltd passed away on Sunday afternoon after a short illness. His Namaza-e-Janaza will be offered on Monday (today) at 10 am at Army Graveyard, Race Course Rawalpin
Published 05 Mar, 2012 12:00am
Two die in road accident

Two die in road accident

Two people were killed when a speedy trailer overturned on National Highway near Mangochar area of the district on Sunday. According to Levies Force, Quetta-bound trailer from Karachi was on its way and turned turtle as its driver lost control on driving
Published 05 Mar, 2012 12:00am
France's Sarkozy losing ground to Socialist rival: poll

France's Sarkozy losing ground to Socialist rival: poll

French President Nicolas Sarkozy has lost ground to his Socialist rival in the past two weeks of campaigning, an opinion poll showed on Sunday, predicting front-runner Francois Hollande would easily win the May 6 presidential election runoff.
Published 05 Mar, 2012 12:00am
Japanese emperor leaves hospital after surgery

Japanese emperor leaves hospital after surgery

Japan's Emperor Akihito left hospital on Sunday, 15 days after undergoing a successful heart bypass operation. The 78-year-old emperor, accompanied by Empress Michiko, was discharged from University of Tokyo hospital and returned to the palace, an AFP pho
Published 05 Mar, 2012 12:00am
Al Qaeda clashes, blasts kill 35 soldiers in Yemen

Al Qaeda clashes, blasts kill 35 soldiers in Yemen

At least 35 soldiers were killed in twin suicide bombings and ensuing clashes with al Qaeda militants in Yemen on Sunday, hospital sources said, part of an upsurge in attacks since a presidential election two weeks ago.
Published 05 Mar, 2012 12:00am
British, Italian war graves desecrated in Libya

British, Italian war graves desecrated in Libya

Libya's leadership has apologised after armed men smashed the graves of British and Italian soldiers killed during World War Two, in an act of vandalism that bore the hallmarks of radical Islamists. Amateur video footage of the attack, posted on social ne
Published 05 Mar, 2012 12:00am
Adidas, Nike, Puma workers abused in Bangladesh

Adidas, Nike, Puma workers abused in Bangladesh

Bangladeshi workers producing sportswear for Puma, Nike and Adidas are being physically abused, a British newspaper claimed on Sunday. Bangladeshis working in factories making clothing for the brands, all three of which sponsor the Olympic Games that begi
Published 05 Mar, 2012 12:00am
Polish train wreck kills 16, injures scores

Polish train wreck kills 16, injures scores

Sixteen people were dead and scores were in hospital Sunday after two trains crashed head-on in southern Poland in the country's worst accident in more than two decades. A southbound train from Warsaw slammed into another train travelling north on the sam
Published 05 Mar, 2012 12:00am
Shooting outside US club leaves 14 wounded

Shooting outside US club leaves 14 wounded

Hundreds of concert-goers waiting outside an Arizona night-club for a hip-hop show fled in panic as shooting erupted involving three gunmen, leaving at least 14 people wounded. Police arrested one suspect and were hunting two others.
Published 05 Mar, 2012 12:00am
Romney gains strength ahead of Super Tuesday

Romney gains strength ahead of Super Tuesday

Mitt Romney closed in on Rick Santorum in Ohio and picked up a crucial endorsement in Virginia on Sunday as he grows in strength ahead of "Super Tuesday," the biggest day yet in the race for the 2012 Republican presidential nomination.
Published 05 Mar, 2012 12:00am
Minister tells Chinese hospitals to cut drug costs

Minister tells Chinese hospitals to cut drug costs

Chinese hospitals must stamp out corruption and stop selling high-priced drugs to maximise profits, Health Minister Chen Zhu was quoted by Xinhua as saying on Sunday. China, with a rapidly ageing population, is overhauling its healthcare system and has ma
Published 05 Mar, 2012 12:00am
Billionaire hits back at Australian treasurer swipe

Billionaire hits back at Australian treasurer swipe

A multi-billionaire mining magnate singled out by Australia's treasurer in an attack on the rising power of the super rich hit back on Sunday, saying Wayne Swan had little idea how the economy worked. Australia's fifth richest person Clive Palmer, who mad
Published 05 Mar, 2012 12:00am
Israel urges end to Syria bloodshed, offers aid

Israel urges end to Syria bloodshed, offers aid

Israel offered on Sunday to assist international efforts to provide humanitarian aid to Syria without intervening directly in the bloody conflict enveloping its neighbouring enemy.
Published 05 Mar, 2012 12:00am
Italian yields dip after ECB pumps billions to banks

Italian yields dip after ECB pumps billions to banks

Yields on 10-year Italian bonds fell below 5.0 percent for the first time since mid-August on Thursday in a sign of investor confidence on the secondary bond market after the ECB pumped hundreds of billions of euros to banks. In mid-day trading, the yield
Published 05 Mar, 2012 12:00am
Dubai's DEWA says no bonds planned for 2012

Dubai's DEWA says no bonds planned for 2012

Dubai Electricity and Water Authority (DEWA) has no plans to tap bond markets in 2012 and the state utility will repay a 1.2 billion dirham ($326.7 million) securitisation maturity this year ahead of time, its top executive said on Thursday. "There is no
Published 05 Mar, 2012 12:00am
British stock market awaits interest rate decisions

British stock market awaits interest rate decisions

London investors will focus next week on interest rate decisions from the Bank of England and European Central Bank as the current earnings season comes to a close. London's FTSE 100 index of top shares finished at 5,911.13 points on Friday, down 0.40 per
Published 05 Mar, 2012 12:00am
Global markets week ahead: prolonged low rates to challenge investors

Global markets week ahead: prolonged low rates to challenge investors

Central banks in Europe, the UK and Asia may signal a prolonged period of low rates in the coming week after unleashing a wave of liquidity to prevent a sharp slowdown in the global economy, driving investors to search for value in stocks and commodities.
Published 05 Mar, 2012 12:00am
US investors ready to embrace more eurozone bank names

US investors ready to embrace more eurozone bank names

US investors are ready to embrace more challenging bank names from the eurozone, according to bankers, after seeing the impressive size of order books for deals by National Australia Bank and ING Bank this week. Investors deluged NAB with $6.75bn in order
Published 05 Mar, 2012 12:00am
Tokyo shares to test 10,000 on weak yen: analysts

Tokyo shares to test 10,000 on weak yen: analysts

Japanese shares could top the 10,000 mark for the first time in seven months next week as exporters are lifted by the ongoing weakness of the yen against the dollar, analysts said Friday.
Published 05 Mar, 2012 12:00am
Private equity? You mean alternative asset manager

Private equity? You mean alternative asset manager

Bosses of some of the world's largest private equity groups told the industry's annual get-together that their growth into alternative asset managers, investing in everything from credit to real estate, was necessary for their investors to beat the econom
Published 05 Mar, 2012 12:00am
Private equity? You mean alternative asset manager

Private equity? You mean alternative asset manager

Bosses of some of the world's largest private equity groups told the industry's annual get-together that their growth into alternative asset managers, investing in everything from credit to real estate, was necessary for their investors to beat the econom
Published 05 Mar, 2012 12:00am
India's Ramky Enviro eyes up to $125 million IPO

India's Ramky Enviro eyes up to $125 million IPO

India's Ramky Enviro Engineers plans to raise up to $125 million though an initial public offering and has shortlisted banks including Bank of America Merrill Lyunch and J. P Morgan Chase for the issue, three sources said.
Published 05 Mar, 2012 12:00am
Wall Street week ahead: stocks, the little engine that could

Wall Street week ahead: stocks, the little engine that could

Stocks have proven the naysayers wrong so far in 2012. And the February jobs report could be just the ticket to keep the bulls going next week. The five-month stock rally has been built on a string of improving economic data that suggests US corporate pro
Published 05 Mar, 2012 12:00am
Middle East markets: Aldar lifts Abu Dhabi; most Gulf bourses up

Middle East markets: Aldar lifts Abu Dhabi; most Gulf bourses up

Aldar Properties led Abu Dhabi's bourse to a seven-month high on Sunday after Moody's raised its outlook on the developer to positive and Dubai's bourse extended its rally while other regional markets ended mixed. Shares in Aldar surged 6.8 percent to the
Published 05 Mar, 2012 12:00am
Kenyan rate decision too close to call after inflation slows

Kenyan rate decision too close to call after inflation slows

Kenya's rate decision next week is finely balanced with half the analysts polled by Reuters predicting a cut and half saying the bank will remain cautious despite a fall in inflation in February. Those forecasting rates to stay at 18 percent for a third m
Published 05 Mar, 2012 12:00am
Lawsuit seeks to block Empire State Building IPO

Lawsuit seeks to block Empire State Building IPO

Several investors have sued to block a proposed initial public offering by the owner of the Empire State Building, saying it unfairly undervalues their interests.
Published 05 Mar, 2012 12:00am
EU 'open' to talks on airlines tax, but won't change law

EU 'open' to talks on airlines tax, but won't change law

EU officials said Sunday they will negotiate with international partners angry at what they see as a climate tax on airlines, but refused to change hotly disputed legislation despite fears in Germany.
Published 05 Mar, 2012 12:00am
German banks take under $70 billion cheap ECB cash

German banks take under $70 billion cheap ECB cash

Germany's banks have taken less than 10 percent of the 530 billion euros ($70 billion) of cheap funding provided by the European Central Bank (ECB) this week, a German newspaper reported.
Published 05 Mar, 2012 12:00am
Bangladesh rice production rises over 3 percent in 2011

Bangladesh rice production rises over 3 percent in 2011

Bangladesh produced a record 34.25 million tonnes of rice in 2011, 3.16 percent more than the previous year, helped by favourable weather and continued government support for the farming sector, a senior agriculture official said on Sunday.
Published 05 Mar, 2012 12:00am
Asia fills aviation funding gap amid Europe's woes

Asia fills aviation funding gap amid Europe's woes

Capital-starved airlines worldwide are turning to Asian lenders to fund their ambitious fleet upgrades as the industry's traditional streams of financing in the West dry up, experts say.
Published 05 Mar, 2012 12:00am
Third rescue plan for Greece likely in 2015: Spiegel

Third rescue plan for Greece likely in 2015: Spiegel

Greece might need a third international rescue package worth 50 billion euros ($66 billion) in 2015, the German weekly magazine Spiegel said on Sunday. The troika of creditors - the European Union, the European Central Bank, and the International Monetary
Published 05 Mar, 2012 12:00am
Abbott developing quicker test for orthopedic infections

Abbott developing quicker test for orthopedic infections

Infection poses one of the most serious risks to patients getting a hip or knee replaced, and a major US drugmaker is developing a test to quickly identify the pathogens responsible so doctors can treat problems sooner.
Published 05 Mar, 2012 12:00am
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