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Archive - 2012-03-19
Gold improves to Rs 49,457
Top News

Gold improves to Rs 49,457

KARACHI: Gold improved by Rs 172 to Rs 49,457 per 10 grams in the local market Monday as its international price increas
Published 19 Mar, 2012 03:18pm
ISE-10 sheds 30 points
Markets

ISE-10 sheds 30 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend as the index was down by 30.56 point
Published 19 Mar, 2012 03:08pm
Sugar price increased at USC
Markets

Sugar price increased at USC

ISLAMABAD: The Utility Stores Corporation (USC) has increased the sugar price by Rs. 6 per kilogram. Sugar would now be
Published 19 Mar, 2012 03:07pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: The KSE-100 index on Monday registered heavy decline of 219.40 points and closed at the level of 13,077.72 poin
Published 19 Mar, 2012 01:40pm
Butt assumes charge as Air Chief
Top News

Butt assumes charge as Air Chief

KARACHI : Air Chief Marshal Tahir Rafique Butt assumed charge as Air Chief on Monday. Air Chief Marshal Tahir Rafique
Published 19 Mar, 2012 05:19am
Sugar blues
BR Research

Sugar blues

The road to hell is paved with good intentions: an aphorism that seems apt for governments involvement in the season-specific commodities ma
Published 19 Mar, 2012 12:00am
China to reform, grow economy; IMF eyes freer yuan

China to reform, grow economy; IMF eyes freer yuan

China cannot delay tough economic reforms, Vice Premier Li Keqiang said on Sunday, underscoring the top leadership's push for market-based change after the sacking last week of an ambitious provincial leader who wanted a bigger state role in the economy.
Published 19 Mar, 2012 12:00am
UK budget to help poorer families: Osborne

UK budget to help poorer families: Osborne

Britain's finance minister, George Osborne, said he would use his 2012 budget to help those at the bottom of the earnings ladder, hinting he could go further in lifting more people out of paying income tax. Osborne also said on Sunday the euro zone crisis
Published 19 Mar, 2012 12:00am
Bangladesh-Canada business to grow to $2.5 billion by 2015

Bangladesh-Canada business to grow to $2.5 billion by 2015

Trade between Bangladesh and Canada will rise by a half in value to $2.5 billion by 2015, helped by rising production costs in China which have seen buyers switch to the south Asian country, a local business leader said.
Published 19 Mar, 2012 12:00am
Slovakia committed to austerity, tax hikes in 2013

Slovakia committed to austerity, tax hikes in 2013

Slovakia will cut its fiscal deficit below the European Union's threshold next year as pledged, the leftist leader Robert Fico, mandated to form a new cabinet, said on Sunday.
Published 19 Mar, 2012 12:00am
'US should welcome Chinese investment'

'US should welcome Chinese investment'

The United States should open up its economy wider to Chinese manufacturers and investors to help narrow the country's trade deficit, China's commerce minister said on Sunday."We hope the United States will open up so that Chinese firms can invest there a
Published 19 Mar, 2012 12:00am
Indian finance minister defends 'zero-risk' budget

Indian finance minister defends 'zero-risk' budget

India's Finance Minister Pranab Mukherjee on Sunday defended the government's "zero-risk" budget, conceding he was in a tight political spot and could ill afford bold economic reforms. He steered clear of controversial steps to further pry open India's ec
Published 19 Mar, 2012 12:00am
China home prices fall for fifth straight month

China home prices fall for fifth straight month

Chinese home prices fell in February from January for a fifth consecutive month and are expected to continue heading south in coming months, underlining the success of Beijing's long campaign to cool property market speculation.
Published 19 Mar, 2012 12:00am
IADB cautions Latin America; growth seen up 3.6 percent

IADB cautions Latin America; growth seen up 3.6 percent

The economy of Latin America and the Caribbean should grow 3.6 percent this year, down from recent rates above 5 percent as slower expansion in China, a soft recovery in the United States and debt woes in Europe weigh on the global economy.
Published 19 Mar, 2012 12:00am
Miyazato, Tseng share LPGA lead

Miyazato, Tseng share LPGA lead

Ai Miyazato reeled off three birdies in a row on the back nine en route to a six-under 66 that left her tied for the lead with world number one Yani Tseng Saturday in the LPGA Founders Cup. Japan's Miyazato, owner of seven LPGA tour titles, birdied three
Published 19 Mar, 2012 12:00am
New Zealand boost batters for final Test

New Zealand boost batters for final Test

New Zealand have bolstered their batting roster and axed misfiring opener Rob Nicol and unsuccessful fast bowler Brent Arnel for their must-win third and final Test against South Africa. South Africa go into the Wellington Test, which starts on Friday, le
Published 19 Mar, 2012 12:00am
Isner, Federer power into Indian Wells final

Isner, Federer power into Indian Wells final

Hard-serving American John Isner's remarkable run continued as he stunned world No 1 Novak Djokovic to book an Indian Wells final showdown with world No 3 Roger Federer. World number 11 Isner fired his 20th ace of the match to topple defending champion an
Published 19 Mar, 2012 12:00am
Hearts add to Hibs' derby woes

Hearts add to Hibs' derby woes

Hearts condemned Hibernian to yet more Edinburgh derby despair with a 2-0 Scottish Premier League home victory at Tynecastle on Sunday. Craig Beattie gave Hearts a 28th minute lead after making the most of a superb cross-field ball from Ian Black before S
Published 19 Mar, 2012 12:00am
Fournier sacked by relegation-haunted Auxerre

Fournier sacked by relegation-haunted Auxerre

Auxerre announced the sacking of coach Laurent Fournier Sunday, a day after the prospect of relegation returned to haunt the club. Auxerre are the only club in the French top flight to have avoided relegation, but that possibility crept closer to reality
Published 19 Mar, 2012 12:00am
Rangers' McCoist hopes for stability

Rangers' McCoist hopes for stability

Rangers manager Ally McCoist says the club needs some stability, after losing three times in four matches since entering administration, with the threat of liquidation still hanging over Ibrox.
Published 19 Mar, 2012 12:00am
Muamba remains in 'critical condition'

Muamba remains in 'critical condition'

Bolton footballer Fabrice Muamba was still in a "critical condition" in intensive care Sunday after suffering a cardiac arrest, a joint statement issued by the club and the London Chest Hospital said. "As is normal medical practice, Fabrice remains anaest
Published 19 Mar, 2012 12:00am
United extend lead with Wolves thrashing

United extend lead with Wolves thrashing

Reigning champions Manchester United won 5-0 away to 10-man Wolves on Sunday, moving four points clear at the top of the English Premier League table. Goals from Jonny Evans, Antonio Valencia, Danny Welbeck and Javier Hernandez's second-half double sent W
Published 19 Mar, 2012 12:00am
Yuvraj discharged after cancer treatment

Yuvraj discharged after cancer treatment

India's World Cup cricket hero Yuvraj Singh announced Sunday that he has been discharged from hospital after undergoing chemotherapy for a cancerous tumour. "3rd chemo cycles over, back from hospital n I am free.... Can't wait to be back home," the 30-yea
Published 19 Mar, 2012 12:00am
England look to seal warm-up games

England look to seal warm-up games

England's Graeme Swann said Sunday the team was hoping to set the stage for the upcoming Test series with a win at the next warm-up game against Sri Lanka. England made a winning start to their tour of Sri Lanka by defeating the Board XI by an innings and
Published 19 Mar, 2012 12:00am
Iran great Daei seriously injured in car crash

Iran great Daei seriously injured in car crash

Asian football chiefs have offered their "thoughts and prayers" after Iranian football great Ali Daei was reported to have been involved in a serious car accident. According to reports early Sunday, former Iran captain Daei, who played for Bayern Munich i
Published 19 Mar, 2012 12:00am
Dortmund can defend title, says captain Kehl

Dortmund can defend title, says captain Kehl

Borussia Dortmund captain Sebastian Kehl has broken coach Jurgen Klopp's title-talk embargo by claiming they are on course to retain the German league title with eight games left and a five-point lead. Japan's Shinji Kagawa netted Dortmund's winner eight
Published 19 Mar, 2012 12:00am
Reshuffle at Sharp blunts expectation for change

Reshuffle at Sharp blunts expectation for change

An expected $3.5 billion record net loss as TV sales slumped is raising a red flag with investors worried that Sharp has fumbled its business strategy. Takashi Okuda's appointment as its new boss suggests it is not about to flinch and abandon making TVs.
Published 19 Mar, 2012 12:00am
Reshuffle at Sharp blunts expectation for change

Reshuffle at Sharp blunts expectation for change

An expected $3.5 billion record net loss as TV sales slumped is raising a red flag with investors worried that Sharp has fumbled its business strategy. Takashi Okuda's appointment as its new boss suggests it is not about to flinch and abandon making TVs.
Published 19 Mar, 2012 12:00am
SAP invests $450 million, aims for Middle East growth

SAP invests $450 million, aims for Middle East growth

German software developer SAP plans to invest $450 million in the Middle East and North Africa (MENA) over the next four years as it seeks further growth beyond its mature home markets, the company said on March 12. The world's biggest maker of business s
Published 19 Mar, 2012 12:00am
Swatch eyes possible higher growth

Swatch eyes possible higher growth

Swatch Group , the world's biggest watchmaker, said sales growth of above 10 percent is possible this year, depending on how crises in Europe and the Middle East play out, its chairwoman said on March 12. "The mood is very good," Nayla Hayek told Reuters
Published 19 Mar, 2012 12:00am
Hugo Boss confident after record sales in 2011

Hugo Boss confident after record sales in 2011

German fashion house Hugo Boss on March 14 expressed confidence for business this year after turning in record sales and earnings in 2011. "Hugo Boss achieved significant increases in sales and earnings in 2011, exceeding the original expectations," said
Published 19 Mar, 2012 12:00am
Porsche sees 2012 profit after huge accounting write-down

Porsche sees 2012 profit after huge accounting write-down

Indebted German carmaker Porsche SE said demand for its iconic 911 sports car would help it post a 2012 profit, a year after huge accounting writedowns linked to its botched merger with Volkswagen nearly inflicted a 2011 loss.
Published 19 Mar, 2012 12:00am
Porsche sees 2012 profit after huge accounting write-down

Porsche sees 2012 profit after huge accounting write-down

Indebted German carmaker Porsche SE said demand for its iconic 911 sports car would help it post a 2012 profit, a year after huge accounting writedowns linked to its botched merger with Volkswagen nearly inflicted a 2011 loss.
Published 19 Mar, 2012 12:00am
Porsche hails 'best year ever' in 2011

Porsche hails 'best year ever' in 2011

Strong demand from China, Russia and the United States drove Germany luxury car maker Porsche to its best ever business year in 2011, the firm said on March 13, as operating profit soared 22 percent. Operating profit rose to 2.05 billion euros ($2.68 bill
Published 19 Mar, 2012 12:00am
Porsche hails 'best year ever' in 2011

Porsche hails 'best year ever' in 2011

Strong demand from China, Russia and the United States drove Germany luxury car maker Porsche to its best ever business year in 2011, the firm said on March 13, as operating profit soared 22 percent. Operating profit rose to 2.05 billion euros ($2.68 bill
Published 19 Mar, 2012 12:00am
Fidelity to launch its biggest China venture capital fund

Fidelity to launch its biggest China venture capital fund

Global asset manager Fidelity Investments plans to launch its biggest China venture capital fund next year worth at least $250 million despite on-going market volatility, underlining its confidence in the country's growth outlook, a senior executive said.
Published 19 Mar, 2012 12:00am
Fidelity to launch its biggest China venture capital fund

Fidelity to launch its biggest China venture capital fund

Global asset manager Fidelity Investments plans to launch its biggest China venture capital fund next year worth at least $250 million despite on-going market volatility, underlining its confidence in the country's growth outlook, a senior executive said.
Published 19 Mar, 2012 12:00am
Lufthansa sees underlying earnings down again in 2012

Lufthansa sees underlying earnings down again in 2012

German airline Lufthansa said on March 15 that underlying earnings would likely decline this year, depending on developments in fuel costs and the overall business environment. "The Lufthansa group is anticipating an operating profit in the mid three-figu
Published 19 Mar, 2012 12:00am
Lufthansa sees underlying earnings down again in 2012

Lufthansa sees underlying earnings down again in 2012

German airline Lufthansa said on March 15 that underlying earnings would likely decline this year, depending on developments in fuel costs and the overall business environment. "The Lufthansa group is anticipating an operating profit in the mid three-figu
Published 19 Mar, 2012 12:00am
Marubeni eyes stake in Australia iron ore mine

Marubeni eyes stake in Australia iron ore mine

Japanese trading house Marubeni intends to take a 12.5 percent stake in one of the world's biggest iron ore mines in Australia for some $1.6 billion, a report said on March 17. Marubeni aims to sign a deal by the end of March for the stake in the Roy Hill
Published 19 Mar, 2012 12:00am
French BNP Paribas to grow Midde East revenues

French BNP Paribas to grow Midde East revenues

French lender BNP Paribas expects to grow its revenues from the oil-rich Gulf region this year despite a slight impact on its business as a result of the Arab Spring, the bank's Middle East head told Reuters in an interview on March 13.
Published 19 Mar, 2012 12:00am
French BNP Paribas to grow Midde East revenues

French BNP Paribas to grow Midde East revenues

French lender BNP Paribas expects to grow its revenues from the oil-rich Gulf region this year despite a slight impact on its business as a result of the Arab Spring, the bank's Middle East head told Reuters in an interview on March 13.
Published 19 Mar, 2012 12:00am
Bad bank funding drives out good

Bad bank funding drives out good

Official funding has a nasty habit of driving away free market money, as Europe's banks may yet discover. Struck last year by a lenders strike, Europe's banks have seen their immediate funding fears eased in recent months by a host of measures, such as ch
Published 19 Mar, 2012 12:00am
IPhone hit Instagram heads to Android smartphones

IPhone hit Instagram heads to Android smartphones

The makers of an Instagram photo-sharing application wildly popular on Apple gadgets are tailoring a version for smartphones powered by Android software. Instagram co-founder Kevin Systrom provided a glimpse of the Android "app" to technology trend-setter
Published 19 Mar, 2012 12:00am
Tablet computers added to British inflation 'basket'

Tablet computers added to British inflation 'basket'

Tablet computers like Apple's iPad and Samsung's Galaxy Tab have been added into the basket of goods used to measure official British inflation, the Office for National Statistics said on March 13. Inflation is measured each month by a notional "shopping
Published 19 Mar, 2012 12:00am
Businesses eyeing iPads for the workplace

Businesses eyeing iPads for the workplace

Survey results released on March 13 showed that growing numbers of businesses plan to buy iPads as tablet computers make their way from personal lives into work places. Slightly more than one-in-five companies said they will buy tablets for workers by the
Published 19 Mar, 2012 12:00am
Lost smartphones mined by finders

Lost smartphones mined by finders

Lost smartphones are likely to be mined for valuable information by strangers who find them, according to the results of a sting operation conducted by computer security firm Symantec. Symantec intentionally "lost" 50 smartphones at shopping centers, bus
Published 19 Mar, 2012 12:00am
Australians first to get hands on new iPad

Australians first to get hands on new iPad

Hundreds of gadget lovers laid siege to Apple's flagship Sydney store on March 16 to be the first in the world to get their hands on the new iPad as the company's shares in New York spiked above US $600. Apple is looking to tighten its grip on the tablet
Published 19 Mar, 2012 12:00am
Latin American Web access could double in decade

Latin American Web access could double in decade

Latin America is the world's fastest-growing market for Internet access, and could double within a decade, the group that oversees Internet-related tasks said on March 16. "I think this is the decade of our region in many ways," said Rodrigo de la Parra,
Published 19 Mar, 2012 12:00am
ARM unveils low-power chip for the 'internet of things'

ARM unveils low-power chip for the 'internet of things'

British chip designer ARM has unveiled what it said was the world's most energy-efficient microprocessor design that will help devices ranging from fridges to medical equipment to parking meters to communicate with other devices.
Published 19 Mar, 2012 12:00am
Brazil e-commerce grosses more than $11 billion

Brazil e-commerce grosses more than $11 billion

Online commerce in Brazil grossed more than dollars 11 billion last year, up 26 percent over the previous year, the market research firm e-bit said on March 14. According to the "Webshoppers report, conducted by e-bit with the Brazilian Chamber of Electro
Published 19 Mar, 2012 12:00am
More people have telephones than toilets in India

More people have telephones than toilets in India

Nearly half of India's 1.2 billion people do not have toilets at home, but more people have telephones, officials said on March 14 citing the latest census data. The report shed light on contradictions within a country that is logging rapid economic growt
Published 19 Mar, 2012 12:00am
PayPal lets shops take payments on smartphones

PayPal lets shops take payments on smartphones

Online financial transactions titan PayPal on March 15 began letting merchants world-wide take payments using smartphones in a direct challenge to start-up Square. The PayPal Here system uses a triangle-shaped "dongle" card reader that plugs into mobile d
Published 19 Mar, 2012 12:00am
TED launches learning initiative at YouTube

TED launches learning initiative at YouTube

The non-profit group behind thought-provoking TED conferences on March 12 launched an education channel on YouTube in a bid to make learning irresistible. The alliance with the world's top online video venue marked the start of a TED-Ed initiative to comb
Published 19 Mar, 2012 12:00am
China smartphone market to overtake US

China smartphone market to overtake US

China is set to be the biggest smartphone market this year after shipments in the second-half of 2011 outstripped the US, a technology research firm said on March 16. Figures by US-based International Data Corporation (IDC) indicate China will account for
Published 19 Mar, 2012 12:00am
Common medicines may cut cancer drug efficacy: study

Common medicines may cut cancer drug efficacy: study

Many patients taking a widely prescribed class of oral cancer drugs are also using a variety of medications that could reduce the effectiveness of the cancer treatment or increase its toxic side effects, according to research by Medco Health Solutions Inc
Published 19 Mar, 2012 12:00am
Asia climate disasters displace 42 million people: ADB

Asia climate disasters displace 42 million people: ADB

Climate-related disasters have displaced more than 42 million people in Asia over the past two years, the Asian Development Bank said on March 13 in a report calling for swift action to avert future crises.
Published 19 Mar, 2012 12:00am
Anti-smoking efforts save 800,000 US lives

Anti-smoking efforts save 800,000 US lives

Higher taxes on cigarettes, limits on selling to kids and campaigns to educate people on the dangers of smoking have saved nearly 800,000 lives, according to a US study released on March 14. The research is based on scientific models that counted how many
Published 19 Mar, 2012 12:00am
Sedentary life amplifies obesity genes

Sedentary life amplifies obesity genes

A sedentary lifestyle can amplify a genetic disposition to obesity, but just walking briskly, and briefly, each day can cut that effect in half, a new study showed on March 14.
Published 19 Mar, 2012 12:00am
Red meat boosts risk of dying young

Red meat boosts risk of dying young

Eating a portion of processed red meat daily can boost a person's risk of dying young by up to 20 percent, said a long-running US study of more than 120,000 people released on March 12. While the research by Harvard University experts offers more evidence
Published 19 Mar, 2012 12:00am
Africa to generate more e-waste than Europe by 2017

Africa to generate more e-waste than Europe by 2017

Better known as a dumping ground for used electronic goods from developed countries, Africa is set to outstrip Europe in the volumes of e-waste it generates within five years, experts said on March 15. "One study suggests Africa will generate more e-waste
Published 19 Mar, 2012 12:00am
Blueberries and apples tied to lower diabetes risk

Blueberries and apples tied to lower diabetes risk

Eating more blueberries, apples and pears may be linked to lower risk of diabetes, according to a new US study. These fruits are loaded with flavonoids, a natural compound present in certain fruits, vegetables and grains, which some research has tentative
Published 19 Mar, 2012 12:00am
Human-like fossils in China caves puzzle scientists

Human-like fossils in China caves puzzle scientists

The most recent fossils ever found of a human-like species in south-east China have presented scientists with a mystery about what may be an unknown Stone Age culture, researchers said on March 14.
Published 19 Mar, 2012 12:00am
Senate Chairman pays glowing tribute to Shaheed Bhuttos

Senate Chairman pays glowing tribute to Shaheed Bhuttos

Chairman Senate Syed Nayyer Hussain Bukhari said that Shaheed Zulfiqar Ali Bhutto and Shaheed Mohtarma Benazir Bhutto gave great sacrifices of their lives for the rights of down-trodden people and restoration of democracy in the country. This he stated wh
Published 19 Mar, 2012 12:00am
Dry weather likely in city

Dry weather likely in city

The Met Office has forecast a dry weather in the metropolis for the next 24 hours. The minimum temperature will remain in the range of 20 to 22 degrees celsius. The weather forecast said mainly dry weather is likely to prevail in the region, however, hot
Published 19 Mar, 2012 12:00am
Etisalat eyes mobile remittances in Gulf

Etisalat eyes mobile remittances in Gulf

UAE telecoms operator Etisalat, which saw $1.8 billion moved over its network last year via money transfers, has sought regulatory approval to expand its financial services offerings in the Gulf region, home to millions of expatriates.
Published 19 Mar, 2012 12:00am
Private equity firm Abraaj set for more deals, eyes India

Private equity firm Abraaj set for more deals, eyes India

Abraaj Capital, the Middle East's largest private equity firm, is set to unveil more deal-making soon and plans a major push into India. "In the next couple of months, we will call you guys again and again because we have a robust pipeline that is reachin
Published 19 Mar, 2012 12:00am
Private equity firm Abraaj set for more deals, eyes India

Private equity firm Abraaj set for more deals, eyes India

Abraaj Capital, the Middle East's largest private equity firm, is set to unveil more deal-making soon and plans a major push into India. "In the next couple of months, we will call you guys again and again because we have a robust pipeline that is reachin
Published 19 Mar, 2012 12:00am
Zimbabwe orders mining firms to bank locally

Zimbabwe orders mining firms to bank locally

Zimbabwe has ordered foreign mining firms to deposit their export earnings with local banks, state media reported on Sunday, the latest government move to exert pressure on miners as it tries to address the dollar crunch afflicting its economy.
Published 19 Mar, 2012 12:00am
RUSAL threatens to sue in chairman row

RUSAL threatens to sue in chairman row

RUSAL, the world's No 1 aluminium producer, said comments by former chairman Viktor Vekselberg had damaged its reputation and shareholder value, and threatened unspecified legal action. Hong Kong-listed RUSAL also on Sunday shrugged off criticism of its c
Published 19 Mar, 2012 12:00am
Sudan inflation rose to 21.3 percent in February

Sudan inflation rose to 21.3 percent in February

Sudan's annual inflation rate climbed to 21.3 percent in February, from 19.3 percent in January, as costs for food items such as bread and meat rose, official data showed. The African country is battling an economic crisis and analysts have said high food
Published 19 Mar, 2012 12:00am
Airbus expects years of grappling with A380 cracks

Airbus expects years of grappling with A380 cracks

Airbus will need years to get past problems with wing cracks on its flagship A380 passenger jet, the executive vice president of programmes at Airbus told a German magazine. "This problem will keep us busy for years," weekly Der Spiegel quoted Tom William
Published 19 Mar, 2012 12:00am
Bangladesh's opposition ends year-long parliamentary boycott

Bangladesh's opposition ends year-long parliamentary boycott

The main opposition Bangladesh Nationalist Party and its allies ended a parliamentary boycott lasting almost a year on Sunday to press demands for an impartial caretaker administration to oversee elections set for 2014.
Published 19 Mar, 2012 12:00am
Greek socialists vote for finance minister as new leader

Greek socialists vote for finance minister as new leader

Greece's socialists were voting on Sunday for a new leader, with Finance Minister Evangelos Venizelos set to take the reins of the historic party to try and avert disaster in upcoming elections. A French-educated law professor from the northern metropolis
Published 19 Mar, 2012 12:00am
UK says Iran blocking website in censorship battle

UK says Iran blocking website in censorship battle

Britain accused Iran on Sunday of blocking a website days after it was launched by the British government to reach out to Iranians, in the latest spat over media censorship.
Published 19 Mar, 2012 12:00am
Turkish police fire tear gas on Kurdish festivities

Turkish police fire tear gas on Kurdish festivities

Turkish police used water cannon, tear gas and baton charges to break up Kurdish demonstrations across the country on Sunday, a sign of rising tension ahead of the Kurdish New Year next week.
Published 19 Mar, 2012 12:00am
Christians gather to bid farewell to Egypt's Pope

Christians gather to bid farewell to Egypt's Pope

Christians gathered on Sunday to pay final respects to Pope Shenouda III, who sought to soothe sectarian tension in his four decades atop Egypt's Orthodox Church but saw increasing flare-ups in the majority Muslim nation in the last months of his life.
Published 19 Mar, 2012 12:00am
Tens of thousands march for leftist French candidate

Tens of thousands march for leftist French candidate

Tens of thousands marched in Paris on Sunday to support firebrand leftist presidential candidate Jean-Luc Melenchon, who has shaken up France's election campaign with a surprise jump in the polls.
Published 19 Mar, 2012 12:00am
Obama should fire advisers over gas prices: Romney

Obama should fire advisers over gas prices: Romney

Republican presidential candidate Mitt Romney on Sunday called for President Barack Obama to fire three top administration officials as he sought to harness voter anger over rising gas prices ahead of nominating contests in Puerto Rico and Illinois.
Published 19 Mar, 2012 12:00am
Russian police detain more than 100 anti-Putin protesters

Russian police detain more than 100 anti-Putin protesters

Russian police detained more than 100 people on Sunday, including leaders of the largest protest movement against Vladimir Putin's 12-year rule, as hundreds rallied against him weeks after his re-election to the presidency.
Published 19 Mar, 2012 12:00am
Politically mature but economically unstable

Politically mature but economically unstable

President Asif Ali Zardari has successfully delivered a record fifth consecutive address to the joint sitting of Parliament. Credit above all goes to him for successfully managing to turn his political foes or forces hostile to his rule into coalition par
Published 19 Mar, 2012 12:00am
Civil servants or political slaves?

Civil servants or political slaves?

To obtain conditions conducive to good governance the government of the day, or for that matter any government, has to have evolved policies and plans that are realistic in terms of their relevance to the ground realties and viability in terms of their fi
Published 19 Mar, 2012 12:00am
Growth strategy

Growth strategy

Pakistan's latest growth strategy is led by Dr Nadeemul Haq who spent 24 years of his pre-retirement working life in the International Monetary Fund. Post-retirement Dr Haq continues to hold responsible positions including Trade Policy Advisor to Commerce
Published 19 Mar, 2012 12:00am
Ministry of profit

Ministry of profit

A good friend surreptitiously came up with an interesting observation on the suggestion, in Part V, to establish a Ministry of profit. According to him, there will be a mad rush to be the minister of profit, within the leadership from top to bottom, and g
Published 19 Mar, 2012 12:00am
The case for mortgage lending

The case for mortgage lending

Following the sub-prime crisis three years ago, the world of mortgage financing has been relegated to something approaching the criminal underworld. A number of young and ambitious bankers suddenly found themselves without jobs, financing, homes and every
Published 19 Mar, 2012 12:00am
A case of acute 'ophthalmic' disorder

A case of acute 'ophthalmic' disorder

This refers to the March 13 hearing of a suo motu case involving alleged massive corruption of 22 billion rupees in the Pakistan Steel Mills, by a bench of the Supreme Court.
Published 19 Mar, 2012 12:00am
PTI, UCF hold demo against Nato supply restoration

PTI, UCF hold demo against Nato supply restoration

Pakistan Tehrik-i-Insaf and United Citizen Front (UCF) on Sunday staged a demonstration against proposed adoption of a resolution in the parliament for the restoration of logistic supply to Nato forces.
Published 19 Mar, 2012 12:00am
PTI Nowshera leaders rejoin PPP

PTI Nowshera leaders rejoin PPP

Senior leaders of Pakistan Tehrik-e-Insaf (PTI), Mian Yahya Shah Kakakhel and Rahim Shah Kakakhel quit their party and rejoined PPP in a public meeting held in their residence in District Nowshera on Sunday.
Published 19 Mar, 2012 12:00am
President confers Sitara-i-Imtiaz on Muhammad Qavi

President confers Sitara-i-Imtiaz on Muhammad Qavi

President Asif Ali Zardari has approved conferment of Sitara-i-Imtiaz upon renowned actor Muhammad Qavi Khan in recognition of his services in the field of performing arts. Mohammad Qavi Khan is among the few artists who have earned great fame in all the
Published 19 Mar, 2012 12:00am
Sindh Bank posts Rs 1,140 million pre-tax profit

Sindh Bank posts Rs 1,140 million pre-tax profit

The Board of Directors of Sindh Bank Limited in their meeting held on 18th March 2012 approved first annual accounts of the bank for the 2011. According to the report, the Sindh Bank Limited has posted Rs 1,140 million profit before tax and Rs 750 million
Published 19 Mar, 2012 12:00am
EDB flays 100 percent increase in car prices by OEMs

EDB flays 100 percent increase in car prices by OEMs

Engineering Development Board (EDB) Ministry of Industries has flayed 100 percent increase in car prices by the Original Equipment Manufacturers (OEMs) during the past four years and said they should bring down prices of their cars in accordance with the
Published 19 Mar, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 12 to March 16 2012).

Published 19 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (March 18, 2012) and the forecast for Monday (March 19, 2012).

Published 19 Mar, 2012 12:00am
Cross-examination via video link: Commission declines Haqqani's request

Cross-examination via video link: Commission declines Haqqani's request

The Judicial Commission investigating the Memogate scandal on Sunday declined the request of Hussain Haqqani, main accused in the case, for his cross-examination in London via a video link and directed him to appear in person before the commission on Marc
Published 19 Mar, 2012 12:00am
Cross-examination via video link: Commission declines Haqqani's request

Cross-examination via video link: Commission declines Haqqani's request

The Judicial Commission investigating the Memogate scandal on Sunday declined the request of Hussain Haqqani, main accused in the case, for his cross-examination in London via a video link and directed him to appear in person before the commission on Marc
Published 19 Mar, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The dollar was up against the rupee on the currency market during the week, ended on Saturday 17 March, 2012. In the interbank dealings, the rupee drifted lower versus the dollar, losing 10 paisa for buying at 90.75 and dropped by eight paisa for selling
Published 19 Mar, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The dollar was up against the rupee on the currency market during the week, ended on Saturday 17 March, 2012. In the interbank dealings, the rupee drifted lower versus the dollar, losing 10 paisa for buying at 90.75 and dropped by eight paisa for selling
Published 19 Mar, 2012 12:00am
Iraq approves Hormuz oil export plan

Iraq approves Hormuz oil export plan

Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern fields to Ceyhan in Turkey, a government spokesman said.
Published 19 Mar, 2012 12:00am
Iraq approves Hormuz oil export plan

Iraq approves Hormuz oil export plan

Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern fields to Ceyhan in Turkey, a government spokesman said.
Published 19 Mar, 2012 12:00am
Iraq approves Hormuz oil export plan

Iraq approves Hormuz oil export plan

Iraq has approved a plan to expand its oil export routes by adding capacity from its northern fields and building a pipeline to ship oil from southern fields to Ceyhan in Turkey, a government spokesman said.
Published 19 Mar, 2012 12:00am
Oman warns on military confrontation with Iran

Oman warns on military confrontation with Iran

Oman, located strategically on the opposite side of the Strait of Hormuz from Iran, said the risk of military conflict between Tehran and the West was rising but there was still plenty of opportunity to negotiate peace.
Published 19 Mar, 2012 12:00am
Oman warns on military confrontation with Iran

Oman warns on military confrontation with Iran

Oman, located strategically on the opposite side of the Strait of Hormuz from Iran, said the risk of military conflict between Tehran and the West was rising but there was still plenty of opportunity to negotiate peace.
Published 19 Mar, 2012 12:00am
Iran central bank lifts official exchange rate

Iran central bank lifts official exchange rate

Iranian exchange houses can trade the rial freely, the Central Bank of Iran said on Sunday, unexpectedly lifting restrictions introduced earlier this year. At the end of January, the CBI imposed an official exchange rate of 12,260 rials to dollar to try t
Published 19 Mar, 2012 12:00am
Iran central bank lifts official exchange rate

Iran central bank lifts official exchange rate

Iranian exchange houses can trade the rial freely, the Central Bank of Iran said on Sunday, unexpectedly lifting restrictions introduced earlier this year. At the end of January, the CBI imposed an official exchange rate of 12,260 rials to dollar to try t
Published 19 Mar, 2012 12:00am
Iran central bank lifts official exchange rate

Iran central bank lifts official exchange rate

Iranian exchange houses can trade the rial freely, the Central Bank of Iran said on Sunday, unexpectedly lifting restrictions introduced earlier this year. At the end of January, the CBI imposed an official exchange rate of 12,260 rials to dollar to try t
Published 19 Mar, 2012 12:00am
Global economy on recovery path; risks remain: IMF

Global economy on recovery path; risks remain: IMF

The global economy has stepped back from the brink of danger and signs of stabilisation are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.
Published 19 Mar, 2012 12:00am
Global economy on recovery path; risks remain: IMF

Global economy on recovery path; risks remain: IMF

The global economy has stepped back from the brink of danger and signs of stabilisation are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.
Published 19 Mar, 2012 12:00am
Global economy on recovery path; risks remain: IMF

Global economy on recovery path; risks remain: IMF

The global economy has stepped back from the brink of danger and signs of stabilisation are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.
Published 19 Mar, 2012 12:00am
Britain winding down aid to India

Britain winding down aid to India

A senior aid official on Sunday confirmed Britain was winding down its aid programme to India, cheering critics who called for it to be cut after a series of perceived snubs from the Asian powerhouse. Britain has spent £1 billion ($1.6 billion, 1.2 billio
Published 19 Mar, 2012 12:00am
Britain winding down aid to India

Britain winding down aid to India

A senior aid official on Sunday confirmed Britain was winding down its aid programme to India, cheering critics who called for it to be cut after a series of perceived snubs from the Asian powerhouse. Britain has spent £1 billion ($1.6 billion, 1.2 billio
Published 19 Mar, 2012 12:00am
New terms of engagement with US: long-awaited joint session summoned

New terms of engagement with US: long-awaited joint session summoned

President Asif Ali Zardari on Sunday summoned the long-awaited joint session of the Parliament for Tuesday to take up the recommendations of Parliamentary Committee on National Security (PCNS) regarding Islamabad's new terms of engagement with Washing-ton
Published 19 Mar, 2012 12:00am
New terms of engagement with US: long-awaited joint session summoned

New terms of engagement with US: long-awaited joint session summoned

President Asif Ali Zardari on Sunday summoned the long-awaited joint session of the Parliament for Tuesday to take up the recommendations of Parliamentary Committee on National Security (PCNS) regarding Islamabad's new terms of engagement with Washing-ton
Published 19 Mar, 2012 12:00am
Salala post incident: no apology sought: Prime Minister

Salala post incident: no apology sought: Prime Minister

Prime Minister Syed Yousuf Raza at his residence here Sunday said that Pakistan had not sought any apology from the United States on the Salala post incident but was seeking new directions in relations with the super power on key issues.
Published 19 Mar, 2012 12:00am
Salala post incident: no apology sought: Prime Minister

Salala post incident: no apology sought: Prime Minister

Prime Minister Syed Yousuf Raza at his residence here Sunday said that Pakistan had not sought any apology from the United States on the Salala post incident but was seeking new directions in relations with the super power on key issues.
Published 19 Mar, 2012 12:00am
Upper Orakzai and Kurram: over 50 dead in gunfights, air strikes

Upper Orakzai and Kurram: over 50 dead in gunfights, air strikes

At least 51 militants and four soldiers have been killed in air strikes and clashes with security forces in the restive northwest over the past week, officials said Sunday. On Sunday, planes bombed the tribal belt bordering Afghanistan, killing 26 militan
Published 19 Mar, 2012 12:00am
Upper Orakzai and Kurram: over 50 dead in gunfights, air strikes

Upper Orakzai and Kurram: over 50 dead in gunfights, air strikes

At least 51 militants and four soldiers have been killed in air strikes and clashes with security forces in the restive northwest over the past week, officials said Sunday. On Sunday, planes bombed the tribal belt bordering Afghanistan, killing 26 militan
Published 19 Mar, 2012 12:00am
FX & Gold Weekly Outlook: preventing contagion from Greece

FX & Gold Weekly Outlook: preventing contagion from Greece

This week, the news of expansion in Euro-zone firewall from Euro 440 billion to Euro 700 billion will help increase the firepower of European currency. It will reinforce Greece and allow it to go bust without spreading fears of spread of financial contagi
Published 19 Mar, 2012 12:00am
FX & Gold Weekly Outlook: preventing contagion from Greece

FX & Gold Weekly Outlook: preventing contagion from Greece

This week, the news of expansion in Euro-zone firewall from Euro 440 billion to Euro 700 billion will help increase the firepower of European currency. It will reinforce Greece and allow it to go bust without spreading fears of spread of financial contagi
Published 19 Mar, 2012 12:00am
FX & Gold Weekly Outlook: preventing contagion from Greece

FX & Gold Weekly Outlook: preventing contagion from Greece

This week, the news of expansion in Euro-zone firewall from Euro 440 billion to Euro 700 billion will help increase the firepower of European currency. It will reinforce Greece and allow it to go bust without spreading fears of spread of financial contagi
Published 19 Mar, 2012 12:00am
Asian nations to double currency swap deal

Asian nations to double currency swap deal

Japan and 12 other Asian countries will likely agree to double the amount of funds available under a regional currency swap pact amid uncertainty over the European debt crisis, a report said Sunday. Japan, China, South Korea and the 10 members of the Asso
Published 19 Mar, 2012 12:00am
Asian nations to double currency swap deal

Asian nations to double currency swap deal

Japan and 12 other Asian countries will likely agree to double the amount of funds available under a regional currency swap pact amid uncertainty over the European debt crisis, a report said Sunday. Japan, China, South Korea and the 10 members of the Asso
Published 19 Mar, 2012 12:00am
Asian nations to double currency swap deal

Asian nations to double currency swap deal

Japan and 12 other Asian countries will likely agree to double the amount of funds available under a regional currency swap pact amid uncertainty over the European debt crisis, a report said Sunday. Japan, China, South Korea and the 10 members of the Asso
Published 19 Mar, 2012 12:00am
Index down 55.62 points

Index down 55.62 points

After witnessing a range-bound activity during the outgoing week ended March 16, 2012, the KSE-100 index finally closed at the level of 13,297.12 points, down 55.62 points on week-on-week basis.
Published 19 Mar, 2012 12:00am
Index down 55.62 points

Index down 55.62 points

After witnessing a range-bound activity during the outgoing week ended March 16, 2012, the KSE-100 index finally closed at the level of 13,297.12 points, down 55.62 points on week-on-week basis.
Published 19 Mar, 2012 12:00am
Index down 55.62 points

Index down 55.62 points

After witnessing a range-bound activity during the outgoing week ended March 16, 2012, the KSE-100 index finally closed at the level of 13,297.12 points, down 55.62 points on week-on-week basis.
Published 19 Mar, 2012 12:00am
Futures open interest declines by 3.9 percent

Futures open interest declines by 3.9 percent

Total futures open interest position during the week declined by Rs 94 million, down 3.9 percent on week-on-week basis to stand at Rs 2.3 billion. The average daily volumes at the futures counter declined by 10.7 percent on week-on-week basis to 13.1 mill
Published 19 Mar, 2012 12:00am
Futures open interest declines by 3.9 percent

Futures open interest declines by 3.9 percent

Total futures open interest position during the week declined by Rs 94 million, down 3.9 percent on week-on-week basis to stand at Rs 2.3 billion. The average daily volumes at the futures counter declined by 10.7 percent on week-on-week basis to 13.1 mill
Published 19 Mar, 2012 12:00am
Futures open interest declines by 3.9 percent

Futures open interest declines by 3.9 percent

Total futures open interest position during the week declined by Rs 94 million, down 3.9 percent on week-on-week basis to stand at Rs 2.3 billion. The average daily volumes at the futures counter declined by 10.7 percent on week-on-week basis to 13.1 mill
Published 19 Mar, 2012 12:00am
Futures open interest declines by 3.9 percent

Futures open interest declines by 3.9 percent

Total futures open interest position during the week declined by Rs 94 million, down 3.9 percent on week-on-week basis to stand at Rs 2.3 billion. The average daily volumes at the futures counter declined by 10.7 percent on week-on-week basis to 13.1 mill
Published 19 Mar, 2012 12:00am
India beat Pakistan by six wickets

India beat Pakistan by six wickets

Virat Kohli smashed a blistering 183 off 148 balls as India produced their highest ever run chase to beat Pakistan by six-wickets on Sunday and keep alive their hopes of reaching the Asia Cup final. Chasing a daunting total of 330, India pulled off a thri
Published 19 Mar, 2012 12:00am
India beat Pakistan by six wickets

India beat Pakistan by six wickets

Virat Kohli smashed a blistering 183 off 148 balls as India produced their highest ever run chase to beat Pakistan by six-wickets on Sunday and keep alive their hopes of reaching the Asia Cup final. Chasing a daunting total of 330, India pulled off a thri
Published 19 Mar, 2012 12:00am
KRC leader, ASI among three killed in Lyari

KRC leader, ASI among three killed in Lyari

Three persons including a leader of Katchi Rabita Committee (KRC) were killed late Sunday night, when unidentified gunmen opened fire on people sitting at a hotel in Lyari area, Aaj News reported. According to the channel, unidentified men opened fire on
Published 19 Mar, 2012 12:00am
KRC leader, ASI among three killed in Lyari

KRC leader, ASI among three killed in Lyari

Three persons including a leader of Katchi Rabita Committee (KRC) were killed late Sunday night, when unidentified gunmen opened fire on people sitting at a hotel in Lyari area, Aaj News reported. According to the channel, unidentified men opened fire on
Published 19 Mar, 2012 12:00am
India's railway minister quits

India's railway minister quits

India's railway minister quit on Sunday after he raised fares on the vast but creaking network, underscoring the government's inability to take unpopular policy steps and adding to speculation the unsteady ruling coalition will fall apart.
Published 19 Mar, 2012 12:00am
India's railway minister quits

India's railway minister quits

India's railway minister quit on Sunday after he raised fares on the vast but creaking network, underscoring the government's inability to take unpopular policy steps and adding to speculation the unsteady ruling coalition will fall apart.
Published 19 Mar, 2012 12:00am
India''s railway minister quits

India''s railway minister quits

India''s railway minister quit on Sunday after he raised fares on the vast but creaking network, underscoring the government''s inability to take unpopular policy steps and adding to speculation the unsteady ruling coalition will fall apart.
Published 19 Mar, 2012 12:00am
Blast hits Aleppo; clashes and protests across Syria

Blast hits Aleppo; clashes and protests across Syria

A car bomb ripped through a residential area of Syria's second city Aleppo on Sunday, as activists reported heavy clashes across the country between state forces and rebels fighting to overthrow President Bashar al-Assad.
Published 19 Mar, 2012 12:00am
Blast hits Aleppo; clashes and protests across Syria

Blast hits Aleppo; clashes and protests across Syria

A car bomb ripped through a residential area of Syria's second city Aleppo on Sunday, as activists reported heavy clashes across the country between state forces and rebels fighting to overthrow President Bashar al-Assad.
Published 19 Mar, 2012 12:00am
Anti-Communist pastor Gauck elected German president

Anti-Communist pastor Gauck elected German president

Joachim Gauck, a former Lutheran pastor and human rights activist from communist East Germany, was elected president of Europe's most powerful country on Sunday, creating a potential political headache for Chancellor Angela Merkel.
Published 19 Mar, 2012 12:00am
Anti-Communist pastor Gauck elected German president

Anti-Communist pastor Gauck elected German president

Joachim Gauck, a former Lutheran pastor and human rights activist from communist East Germany, was elected president of Europe's most powerful country on Sunday, creating a potential political headache for Chancellor Angela Merkel.
Published 19 Mar, 2012 12:00am
LSE to establish spot commodity trading platform

LSE to establish spot commodity trading platform

Lahore Stock Exchange (LSE) has decided to establish Spot Commodity Trading Platform through a separate subsidiary by using mobile financial transaction technology, reflecting a major initiative for the farmer's community.
Published 19 Mar, 2012 12:00am
LSE to establish spot commodity trading platform

LSE to establish spot commodity trading platform

Lahore Stock Exchange (LSE) has decided to establish Spot Commodity Trading Platform through a separate subsidiary by using mobile financial transaction technology, reflecting a major initiative for the farmer's community.
Published 19 Mar, 2012 12:00am
LSE to establish spot commodity trading platform

LSE to establish spot commodity trading platform

Lahore Stock Exchange (LSE) has decided to establish Spot Commodity Trading Platform through a separate subsidiary by using mobile financial transaction technology, reflecting a major initiative for the farmer''s community.
Published 19 Mar, 2012 12:00am
Chinese writers seek $8 million from Apple in piracy row

Chinese writers seek $8 million from Apple in piracy row

A group of Chinese writers who accuse Apple's online store for selling pirated copies of their books is seeking $8 million in compensation from the US firm, state media said Sunday. The group has filed the 50 million yuan claim against Apple on behalf of
Published 19 Mar, 2012 12:00am
Chinese writers seek $8 million from Apple in piracy row

Chinese writers seek $8 million from Apple in piracy row

A group of Chinese writers who accuse Apple's online store for selling pirated copies of their books is seeking $8 million in compensation from the US firm, state media said Sunday. The group has filed the 50 million yuan claim against Apple on behalf of
Published 19 Mar, 2012 12:00am
Chinese writers seek $8 million from Apple in piracy row

Chinese writers seek $8 million from Apple in piracy row

A group of Chinese writers who accuse Apple''s online store for selling pirated copies of their books is seeking $8 million in compensation from the US firm, state media said Sunday. The group has filed the 50 million yuan claim against Apple on behalf of
Published 19 Mar, 2012 12:00am
Zaheer takes over as new ISI chief

Zaheer takes over as new ISI chief

Amid fresh challenges on national and international fronts, Lieutenant General Zaheer ul-Islam took over as new chief of Inter Service Intelligence (ISI), the premier spy agency of Pakistan. The 56-year old Zaheer was appointed by Prime Minister Yousuf Ra
Published 19 Mar, 2012 12:00am
Zaheer takes over as new ISI chief

Zaheer takes over as new ISI chief

Amid fresh challenges on national and international fronts, Lieutenant General Zaheer ul-Islam took over as new chief of Inter Service Intelligence (ISI), the premier spy agency of Pakistan. The 56-year old Zaheer was appointed by Prime Minister Yousuf Ra
Published 19 Mar, 2012 12:00am
Zardari approves remission in sentences

Zardari approves remission in sentences

President Asif Ali Zardari, on the advice of Prime Minister, has approved granting of special remission in sentences on the occasion of Pakistan Day on March 23, 2012.
Published 19 Mar, 2012 12:00am
PhD holders demand immediate payment of S&T allowance

PhD holders demand immediate payment of S&T allowance

The Ph.D degree holders working in medical colleges of Punjab have called immediate attention of the Punjab Chief Minister Mian Shahbaz Sharif to release much awaited Science and Technology Allowance to decrease their financial woes.
Published 19 Mar, 2012 12:00am
Thai princess Sirindhorn due today

Thai princess Sirindhorn due today

Princess Maha Chakri Sirindhorn of Thailand is arriving Pakistan on Monday (today) at the invitation of President Asif Ali Zardari. According to Foreign Office, the visit will carry forward the long-standing tradition of royal visits from Thailand to Paki
Published 19 Mar, 2012 12:00am
Flood-hit areas: SDC reconstructs six fully-damaged schools

Flood-hit areas: SDC reconstructs six fully-damaged schools

Swiss Agency for Development and Co-operation (SDC), as part of its assistance programme, has so far reconstructed six fully-damaged schools in flood-hit areas to ensure an effective learning environment for students.
Published 19 Mar, 2012 12:00am
General Wynne leaves for Sri Lanka

General Wynne leaves for Sri Lanka

General Khalid Shameem Wynne, Chairman Joint Chiefs of Staff Committee (CJCSC) on Sunday left for four days official visit to Sri Lanka. During the visit the Chairman will meet Mahinda Rajapaksa, the President of Sri Lanka, Secretary Defence and the senio
Published 19 Mar, 2012 12:00am
AIOU's admissions from Matric to Masters continue

AIOU's admissions from Matric to Masters continue

Allama Iqbal Open University (AIOU) will continue its admissions from Matric to MA/M.Sc level programme for the Semester Spring, 2012 with late fee charges till March 22. Director Admissions, AIOU Syed Zia-ul-Hasnain said the date for submitting the admis
Published 19 Mar, 2012 12:00am
PCG seizes huge quantity of liquor

PCG seizes huge quantity of liquor

The Pakistan Coast Guards (PCG) seized foreign brand liquor and Beer from the sea area at Kalmat near Pasni. A PCG statement issued here on Sunday said that reliable source informed PCG that a huge quantity of foreign brand liquor will be smuggled in the
Published 19 Mar, 2012 12:00am
Pakistan Post to be computerised

Pakistan Post to be computerised

Federal Minister for Postal Services Sardar Alhaj Muhammad Umar Gorgaij said that Pakistan Post is being computerised according to meet changing requirements of the modern world.
Published 19 Mar, 2012 12:00am
Tahir Rafique to take over as new PAF chief today

Tahir Rafique to take over as new PAF chief today

Air Marshal Tahir Rafique Butt will take over as the new chief of the air staff of Pakistan Air Force (PAF) at a ceremony to be held here at the Air Headquarters on Monday.
Published 19 Mar, 2012 12:00am
Sludge spraying protest planned against CDA

Sludge spraying protest planned against CDA

A sludge spraying protest would be held here on today (Monday) to condemn the attitude of Chairman Capital Development Authority against the sanitation staff. Convenor World Minority Alliance Julius Salik will spray sludge over his head to protest the all
Published 19 Mar, 2012 12:00am
Assassination of Abdul Rasheed condemned

Assassination of Abdul Rasheed condemned

Ulema and students of local seminaries on Sunday staged a demonstration to condemn the assassination of a renowned scholar and talker of Radio Pakistan Abdul Rasheed Azhar who was killed by unknown assailant in Islamabad.
Published 19 Mar, 2012 12:00am
Light rain likely in twin cities today

Light rain likely in twin cities today

Pakistan Meteorological Department (PMD) on Sunday forecast chances of light rain with dust thunderstorm in twin cities of Islamabad and Rawalpindi during next 24 hours which will turn the weather pleasant.
Published 19 Mar, 2012 12:00am
ACCA to celebrate achievements of 145 new members

ACCA to celebrate achievements of 145 new members

Individuals gathered to celebrate the achievement of 145 new members that had reached the membership landmark in 2011. The ceremony was held at PC Crystal Halls and was attended by employers from the public and corporate sector.
Published 19 Mar, 2012 12:00am
Over 4.6 million citizens verify vote through SMS

Over 4.6 million citizens verify vote through SMS

Cellular companies in the country are competing to encourage citizens for verification of their votes through Short Message Service (SMS) as over 4.6 million citizens have so far availed this facility. This SMS service was launched from March 1 to facilit
Published 19 Mar, 2012 12:00am
Next few months crucial for country: Qureshi

Next few months crucial for country: Qureshi

Pakistan Tehreek-e-Insaf (PTI) Vice-Chairman Shah Mahmood Qureshi on Sunday negated the impression that he was joining other political party. Speaking at a function held here to welcome the members of United Arain Foundation who have joined PTI, Qureshi s
Published 19 Mar, 2012 12:00am
Mercury rises in plains of Punjab, Sindh

Mercury rises in plains of Punjab, Sindh

The day and night temperature rose by 3 to 4 degree Celsius in the plains of Punjab and Sindh on Saturday night and Sunday as weather remained dry in most parts of the country during the past 24 hours.
Published 19 Mar, 2012 12:00am
Anjuman Behboodi-e-Marizan Tariq elected President

Anjuman Behboodi-e-Marizan Tariq elected President

Dr Tariq Salah-ud-Din, Principal Postgraduate Medical Institute (PGMI) and Lahore General Hospital (LGH) has been elected as the President of Anjuman Behboodi-e-Marizan for next three years here on Sunday. The election of Anjuman Behboodi-e-Marizan was he
Published 19 Mar, 2012 12:00am
Pakistan, Oman urged to work in field of water management

Pakistan, Oman urged to work in field of water management

Omani Ambassador to Pakistan Mohamed Said Allawati on Sunday said that Oman and Pakistan are enjoying good as well as time-tested relations that should be more cemented especially in the field of water management as water scarcity had started hitting the
Published 19 Mar, 2012 12:00am
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