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Archive - 2012-04-21
CM Sindh chairs law and order meeting
Top News

CM Sindh chairs law and order meeting

KARACHI: Sindh Chief Minister Syed Qaim Ali Shah, has directed the law enforcing agencies to strictly maintain law and o
Published 21 Apr, 2012 03:00pm
Partial strike observed on call of JSQM
Top News

Partial strike observed on call of JSQM

HYDERABAD: A partial strike was observed in urban parts while a shutter down was observed in rural parts of Hyderabad di
Published 21 Apr, 2012 02:54pm
Bhoja Air head name had been put on ECL
Top News

Bhoja Air head name had been put on ECL

ISLAMABAD: Pakistan barred the head of Bhoja Air whose jet crashed near Islamabad from leaving the country Saturday as i
Published 21 Apr, 2012 02:09pm
Two killed in Quetta
Top News

Two killed in Quetta

QUETTA: Two persons of Hazara community were gunned down here near Fatima Jinaah T.B Sanatorium on Brewery Road Saturday
Published 21 Apr, 2012 11:33am
JSQM takes strike call back
Pakistan

JSQM takes strike call back

MONITORING DESK KAARCHI: Jeay Sindh Qaumi Mahaz (JSQM) has decided to take back the Saturday strike call, a private T
Published 21 Apr, 2012 05:31am
Forced power loadshedding causing impediments towards growth

Forced power loadshedding causing impediments towards growth

The unscheduled electricity had become a permanent feature rather fate of this export-oriented city and hub of cottage industry of the country. The forced electricity loadshedding of 14 hours not only hitting industrial sector adversely but also generatin
Published 21 Apr, 2012 12:00am
'Efficient distribution of power is FESCO's top priority'

'Efficient distribution of power is FESCO's top priority'

Chief Executive Officer (CEO), Faisalabad Electric Supply Company (FESCO) Tariq Mehmood Chattha has said economization coupled with efficient distribution and transmission system of electricity with minimum line loses is top priority of FESCO and for this
Published 21 Apr, 2012 12:00am
New World Bank chief

New World Bank chief

After some introspection, the Board of Directors of the World Bank has finally selected a Korean-American physician, Jim Yong Kim, as its next chief, confirming the tradition of appointing a US citizen as the Bank's head, despite the first-ever challenge
Published 21 Apr, 2012 12:00am
Resolving Siachen

Resolving Siachen

Journalists visiting Siachen on Wednesday to have a first-hand view of the circumstances surrounding the Gayari tragedy were able to draw out the normally reticent CoAS General Ashfaq Pervez Kayani. Although he still insisted and rightly so, that "we shou
Published 21 Apr, 2012 12:00am
Leadership concerns

Leadership concerns

We have had motley of leaders and in order to determine the leadership kind that fits us most adroitly I turned to the wisdom of the East and the pragmatism of the West. Since we had taken on the governance that is mostly Western democratic I turned to To
Published 21 Apr, 2012 12:00am
Gulf oil spill victim: 'There is a health crisis out there'

Gulf oil spill victim: 'There is a health crisis out there'

Jorey Danos keeps a memento from the disaster in a jam jar with a skull-and-crossbones on it. The jar holds a viscous brown liquid. "That's oil that I took from the Gulf of Mexico after the spill," Danos says. The oil has hung over the life of the man fro
Published 21 Apr, 2012 12:00am
As web goes mobile, Instagram deal may look cheap

As web goes mobile, Instagram deal may look cheap

When Facebook paid a cool 1 billion dollars for photo-sharing app Instagram recently, there was plenty of eye-rolling about such a young company using its overvalued stock to pay too much for an even younger player. By some measures it was a bargain. Inst
Published 21 Apr, 2012 12:00am
Follow the German model

Follow the German model

Revolutions and tsunamis have one thing in common; both bring death and destruction in their wake. One wonders whether the politicians, who indulge in bellicose blusters in their public rallies, to change the political landscape of Pakistan. And if they k
Published 21 Apr, 2012 12:00am
Emirates announces one-way codeshare with JetBlue

Emirates announces one-way codeshare with JetBlue

Emirates customers travelling from Pakistan to the United States will soon enjoy seamless connections to a dozen US cities, after the airline announced the start of a one-way codeshare with JetBlue. The codeshare will further strengthen the relationship b
Published 21 Apr, 2012 12:00am
Government takes unconventional initiative through revised CCG

Government takes unconventional initiative through revised CCG

The government has taken unconventional initiative through the revised Code of Corporate Governance (CCG), as non-executive has now been empowered to head the board of directors and its committees as chairman, market experts said.
Published 21 Apr, 2012 12:00am
BoK Raast Islamic Banking branch opens in SITE area

BoK Raast Islamic Banking branch opens in SITE area

Bank of Khyber (BoK) is committed to cater the banking requirements of Islamic Banking along with conventional banking facilities in a befitting manner in order to encourage the economic developmental activities, said Bilal Mustafa, BoK Managing Director.
Published 21 Apr, 2012 12:00am
Columnist dies

Columnist dies

Noted Urdu columnist Abida Javed Azad, passed away on Friday. She was 38. She left behind husband. She also wrote a number of poetry books. She was buried in DHA graveyard.
Published 21 Apr, 2012 12:00am
PSO to establish fuel supply at New Benazir Bhutto International Airport

PSO to establish fuel supply at New Benazir Bhutto International Airport

Pakistan State Oil (PSO) announced on Friday that the country's leading energy company has been awarded the contract for the establishment of a fuel farm, maintenance of hydrant refuelling system and refuelling operations at the New Benazir Bhutto Interna
Published 21 Apr, 2012 12:00am
Karachi University declares all delayed MA results

Karachi University declares all delayed MA results

As per directive of Karachi University Vice Chancellor Professor Dr Muhammad Qaisar, Controller of Examination Professor Dr Arshad Aazmi has announced all the delayed results of private and regular examinations. This was announced by a spokesperson of the
Published 21 Apr, 2012 12:00am
Billions being lost due to anomaly in import tariff policies

Billions being lost due to anomaly in import tariff policies

Import of high value, high price items are being cleared at low duty due to anomaly in import tariff policies as duty is paid on the basis of weight of imported item instead of its market price. Pakistan is having a policy of applying import duties on par
Published 21 Apr, 2012 12:00am
Rafhan Maize's after-tax profit dips to Rs 450.49 million

Rafhan Maize's after-tax profit dips to Rs 450.49 million

The after-tax profit of Rafhan Maize Products Company Limited reduced to Rs 450.493 million in the quarter ended March 31, 2012 against Rs 522.265 million in the corresponding period of 2011. The company's earning per share stood at Rs 48.77 in the period
Published 21 Apr, 2012 12:00am
Rafhan Maize's after-tax profit dips to Rs 450.49 million

Rafhan Maize's after-tax profit dips to Rs 450.49 million

The after-tax profit of Rafhan Maize Products Company Limited reduced to Rs 450.493 million in the quarter ended March 31, 2012 against Rs 522.265 million in the corresponding period of 2011. The company's earning per share stood at Rs 48.77 in the period
Published 21 Apr, 2012 12:00am
Mobilink launches new brand for youth

Mobilink launches new brand for youth

Mobilink has revamped the persona of 'Jazba', its vibrant and spirited youth brand, which now aims for a more focused approach towards the individuality, passions, values, aspirations and potential of Pakistan's youth. The revamped persona of Jazba, was a
Published 21 Apr, 2012 12:00am
Shell posts Rs 223.642 million loss after tax

Shell posts Rs 223.642 million loss after tax

Shell Pakistan Limited has posted Rs 223.642 million as loss after tax in the quarter ended on March 31, 2012 as compared to after tax profit of Rs 758.401 million in the corresponding quarter in 2011. The Board of Directors of the company in its meeting
Published 21 Apr, 2012 12:00am
Shell posts Rs 223.642 million loss after tax

Shell posts Rs 223.642 million loss after tax

Shell Pakistan Limited has posted Rs 223.642 million as loss after tax in the quarter ended on March 31, 2012 as compared to after tax profit of Rs 758.401 million in the corresponding quarter in 2011. The Board of Directors of the company in its meeting
Published 21 Apr, 2012 12:00am
Government committed to improving security situation, says governor

Government committed to improving security situation, says governor

The government is fully committed to control and improve the law and order situation in the province, Sindh Governor Dr Ishratul Ebad said on Friday. He was talking to a group of visitors from the Command and Staff College, Quetta, at the Governor House.
Published 21 Apr, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold stayed nearly flat in thin trade early on Friday, on track to log declines for two of the past three weeks as investors took to the sidelines ahead of a key US option expiration and a Federal Reserve policy meeting next week. The metal inched down de
Published 21 Apr, 2012 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

In New York, the May COMEX contract firmed 7.05 cents or 1.9 percent to settle at $3.6980 per lb, after dealing between $3.6245 and $3.7125. COMEX copper volume reached 68,600 lots in late New York trade, down sharply from last week's record of 127,276 lo
Published 21 Apr, 2012 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

US soyabeans rose 1.5 percent early on Friday, heading for their biggest daily gain in three weeks, as strong export demand from top soya buyer China and a weaker dollar helped prices rebound from sharp losses earlier this week. Corn and wheat futures wer
Published 21 Apr, 2012 12:00am
Gold down in Europe

Gold down in Europe

Gold prices held near $1,640 an ounce on Friday, supported by an uptick in the euro versus the dollar, but momentum was weak as investors took to the sidelines to await further news on the euro zone crisis and US monetary policy. Spot gold was down 0.1 pe
Published 21 Apr, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held steady on Friday in listless trading as persistent concerns about the euro zone's finances and disappointing US economic data put off most investors. Spot gold was little changed at $1,642.11 an ounce by 0707 GMT, on course for a 1-percent weekl
Published 21 Apr, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold eased on Thursday as European debt jitters and worries over the US job market extended the metal's losses for a fifth consecutive day. Silver prices ended higher, as the head of metals research firm Thomson Reuters GFMS said silver sales for industri
Published 21 Apr, 2012 12:00am
Raw sugar tumbles

Raw sugar tumbles

Raw sugar futures on ICE fell for a third straight day on Friday, hitting their lowest in 11 months due to abundant supplies, while arabica coffee climbed above this week's 18-month low. Robusta coffee futures on Liffe made their biggest jump in nearly fo
Published 21 Apr, 2012 12:00am
Palm oil surges

Palm oil surges

Malaysian palm oil futures reversed earlier losses to end higher on Friday on last minute buying, although traders remained wary over the weak global economy and slowing export data. Buying surged in the last half hour of trading and some traders said thi
Published 21 Apr, 2012 12:00am
Corn and wheat rally

Corn and wheat rally

US corn and wheat rallied on Thursday to their biggest daily percentage gains in three weeks, lifted by talk of China buying US corn, after grains dropped sharply during the previous session. Soyabeans also rose on Chinese export demand after the US Depar
Published 21 Apr, 2012 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Key TOCOM rubber futures inched down on Friday, tracking losses in shares as riskier assets came under pressure on uncertainty over global growth, although a weaker yen provided support. Weak US unemployment and factory activity data overnight renewed dou
Published 21 Apr, 2012 12:00am
Oil moves higher on German sentiment

Oil moves higher on German sentiment

Oil prices rose on Friday as improved German business sentiment countered nervousness about the euro-zone debt crisis, while the weaker dollar and stronger equities also lent support. Brent crude's gains could not prevent a second straight weekly loss. US
Published 21 Apr, 2012 12:00am
Copper gains

Copper gains

Copper prices rose on Friday along with the euro and global shares, bringing the total gain for the week to more than 2 percent as the metal recovers from a three-month low hit earlier this week. Three-month copper on the London Metal Exchange ended at $8
Published 21 Apr, 2012 12:00am
Shanghai copper up

Shanghai copper up

The most-active July copper contract on the Shanghai Futures Exchange rose 0.1 percent to 57,750 yuan a tonne on Friday, after falling 0.3 percent in the previous session. It is on track to post a 1.1 percent fall on the week. "Price movements are small,
Published 21 Apr, 2012 12:00am
New York cotton thinly mixed

New York cotton thinly mixed

Cotton futures ended mixed on Friday, with the spot May contract off over 1 percent as rollovers heated up ahead of its delivery period next week and investors sought further clarity on China's plantings. Cotton posted its second-straight week of gains in
Published 21 Apr, 2012 12:00am
Government to facilitate lawyers' community: Zardari

Government to facilitate lawyers' community: Zardari

President Asif Ali Zardari on Friday said that the Government would continue facilitating lawyers' community in every possible manner so that the goal of easy dispensation of justice to the common man could be accomplished. The President stated this while
Published 21 Apr, 2012 12:00am
JSQM takes strike call back

JSQM takes strike call back

Jeay Sindh Qaumi Mahaz (JSQM) has decided to take back the Saturday strike call, a private TV channel reported Friday. According to the channel, the decision was taken by the leaders of JSQM in a meeting after the assurance of Sindh Home Minister Manzoor
Published 21 Apr, 2012 12:00am
Prime Minister approves 63 posts for Balochistan's Postal Circle

Prime Minister approves 63 posts for Balochistan's Postal Circle

Prime Minister Syed Yousuf Raza Gilani on Friday approved creation of 63 posts for Postal Circle of Balochistan at the Pakistan Post Office Department to facilitate the expansion of postal network in Balochistan. The approval has been made under the gover
Published 21 Apr, 2012 12:00am
Laptops' distribution ceremony cancelled

Laptops' distribution ceremony cancelled

Punjab Chief Minister Shahbaz Sharif on Friday cancelled the functions of distribution of laptops in Kasur and inauguration of Muslim Town flyover due to the tragic incident of a plane crash in Rawalpindi. However, Muslim Town flyover will be opened for t
Published 21 Apr, 2012 12:00am
Food imports drop

Food imports drop

The import of food group posted a negative growth of 1.69 percent during the first three quarters of the current financial year, according to data compiled by the Pakistan Bureau of Statistics. The country, it said, imported various food commodities costi
Published 21 Apr, 2012 12:00am
Police officers issued special cell numbers

Police officers issued special cell numbers

Police officers of the district have been issued special cell numbers for convenience of general public on the direction of the inspector general police Punjab. According to a spokesman of the police department, these mobile numbers could not be changed w
Published 21 Apr, 2012 12:00am
Prime Minister and President express grief

Prime Minister and President express grief

Prime Minister Syed Yousuf Raza Gilani has expressed deep grief over the tragic plane crash and condoled with the bereaved families over the death of precious lives in the crash. The Prime Minister while expressing his heartfelt sympathies with the affect
Published 21 Apr, 2012 12:00am
Indian Prime Minister expresses sorrow

Indian Prime Minister expresses sorrow

Indian Prime Minister Dr Manmohan Singh Friday expressed deep grief and sorrow over the tragic air crash at Islamabad that killed 127 people. In a message to Prime Minister Syed Yusuf Raza Gilani, the Indian prime minister conveyed his deepest condolences
Published 21 Apr, 2012 12:00am
PBM to bear transportation expenses

PBM to bear transportation expenses

Managing Director Pakistan Bait-ul-Mal (PBM) Zamarrud Khan has said that PBM would bear all the transportation expenses of the plane crash victims. Talking to APP, he said the rescue operation was yet underway and all out efforts would be made in this reg
Published 21 Apr, 2012 12:00am
PPP leaders express sorrow

PPP leaders express sorrow

The leaders of Pakistan People's Party (PPP) have expressed their deep sorrow over the crash of Bhoja Airline plane near Islamabad on Friday. A statement said that the PPP Sindh General Secretary, Taj Haider, Senator Saeed Ghani, Najmi Alam and Latif Mugh
Published 21 Apr, 2012 12:00am
Bhoja's fleet two-decade old?

Bhoja's fleet two-decade old?

Although the licence of Bhoja Air issued by CAA remained valid for domestic flights, the airline decided to suspend its operations in 2001 due to severe financial constraints. Eleven years later, Bhoja Air, which is still under the debt of Rs 80 million,
Published 21 Apr, 2012 12:00am
Black Box recovered; rescue operation suspended

Black Box recovered; rescue operation suspended

The rescue workers of the Capital Development Authority Friday recovered the Black Box of aircraft of the private airline that crashed near Benazir Bhutto International Airport here before landing. The Black Box is a device that contains recording of the
Published 21 Apr, 2012 12:00am
PIA to take one family member free of cost

PIA to take one family member free of cost

Managing Director Pakistan International Airline (PIA), Air Chief Marshal Rao Qamar Suleman (Retd) has announced that one family member of the Bhoja air crash victim will be taken free of cost to Islamabad from Karachi. PIA will also make special arrangem
Published 21 Apr, 2012 12:00am
PAL praised for promoting book culture

PAL praised for promoting book culture

Pakistan Academy of Letters (PAL)'s achievements regarding promotion of book culture in Pakistan is commendable and will be remembered for a long time. Aisf Ghafoor, Secretary Ministry of National Heritage & Integration (NH&I) said this while addressing t
Published 21 Apr, 2012 12:00am
Protests sweep Syria as 18 troops killed

Protests sweep Syria as 18 troops killed

Thousands of Syrians took part in protests against President Bashar al-Assad's regime on Friday, testing a shaky UN cease-fire, as state media said 18 security personnel were killed in attacks. The latest violence came as peace envoy Kofi Annan acknowledg
Published 21 Apr, 2012 12:00am
South Sudan withdraws from oil area

South Sudan withdraws from oil area

South Sudan said on Friday it would withdraw its troops from the disputed Heglig oil region more than a week after seizing it from Sudan, pulling the countries back from the brink of war. Sudan quickly declared victory, saying its armed forces had "libera
Published 21 Apr, 2012 12:00am
Australia pressing US on WikiLeaks' Assange

Australia pressing US on WikiLeaks' Assange

Australia said Friday it was making representations to the United States about the potential prosecution of WikiLeaks founder Julian Assange and his treatment there. Attorney-General Nicola Roxon said Canberra was asking "plenty of questions" about Assang
Published 21 Apr, 2012 12:00am
Indian lawmaker abducted by rebels to face 'people's court'

Indian lawmaker abducted by rebels to face 'people's court'

Maoist rebels in eastern India have said a "people's court" will decide whether to release a lawmaker they abducted a month ago, news reports said Friday. Jhina Hikaka, 37, who was captured on March 24, would face the rebels' court by Wednesday, the rebel
Published 21 Apr, 2012 12:00am
China's top court spares woman death penalty

China's top court spares woman death penalty

China's top court on Friday overturned a death sentence for a self-made Chinese businesswoman convicted in a multi-million dollar scheme to bilk investors, in a contentious fraud case that sparked sympathy for the self-made daughter of a peasant.
Published 21 Apr, 2012 12:00am
China's Wen in Iceland, eyes on Arctic riches

China's Wen in Iceland, eyes on Arctic riches

China signed accords on energy co-operation and the Arctic in Iceland on Friday as Premier Wen Jiabao started a tour of northern Europe that will focus on Chinese investment in a continent eager for funds and to trade with the rising world power.
Published 21 Apr, 2012 12:00am
Russia, EU circulate UN drafts on Syria monitors

Russia, EU circulate UN drafts on Syria monitors

Russia and the European Union circulated on Friday separate draft UN Security Council resolutions to authorize the deployment to Syria of up to 300 more cease-fire observers and there were hopes for a vote in the coming days, diplomats said. There are sev
Published 21 Apr, 2012 12:00am
Qaeda, army clashes kill 20 in Yemen

Qaeda, army clashes kill 20 in Yemen

Clashes between al Qaeda militants and the army on the outskirts of Zinjibar in Yemen's restive south left 20 people dead, mostly jihadists, as soldiers advanced towards the city, the defence ministry said Friday. "Eighteen al Qaeda militants were killed
Published 21 Apr, 2012 12:00am
Romney gets $12.6 million in March; fundraisers eye November

Romney gets $12.6 million in March; fundraisers eye November

Mitt Romney raised nearly $12.6 million in March, h is best fund-raising month yet, even before the Republican front-runner and outside backing groups began to amass cash in earnest for the costly fight to unseat Democratic President Barack Obama.
Published 21 Apr, 2012 12:00am
Chesapeake CEO sued over loan disclosure

Chesapeake CEO sued over loan disclosure

Chesapeake Energy Corp CEO Aubrey McClendon has been sued by a shareholder over potential conflicts of interest on the same day that a Wall Street analyst urged leadership changes at the company. Reuters reported on Wednesday that McClendon has borrowed a
Published 21 Apr, 2012 12:00am
Italy petitions India's top court to free marines

Italy petitions India's top court to free marines

The Italian government on Friday approached India's top court demanding the release of the two Italian marines arrested by police in south India for allegedly shooting dead two fishermen. The marines, Massimiliano Latorre and Salvatore Girone who are pres
Published 21 Apr, 2012 12:00am
Norway killer describes island massacre

Norway killer describes island massacre

In an account that shocked the nation, Norwegian anti-Muslim fanatic Anders Behring Breivik described with a chilling calm on Friday how he methodically chased teenagers room by room and shot them dead on an island summer camp last year. Addressing a cour
Published 21 Apr, 2012 12:00am
Berlusconi makes rare appearance at sex trial

Berlusconi makes rare appearance at sex trial

Silvio Berlusconi on Friday made a rare appearance at his trial in Milan for having sex with an underage prostitute at a hearing expected to yield sordid claims about the former premier's parties. At the last hearing on Monday one attendee at the orgiasti
Published 21 Apr, 2012 12:00am
Egyptians mass to demand army retreat from power

Egyptians mass to demand army retreat from power

Tens of thousands of Egyptians demanded on Friday that their military rulers stick to a pledge to hand over power by mid-year after a row over who can run in the presidential election raised doubts about the army's commitment to democracy. Two leading Isl
Published 21 Apr, 2012 12:00am
Newspaper probing Pentagon alleges online harassment

Newspaper probing Pentagon alleges online harassment

The newspaper USA Today said Friday an editor and reporter probing Pentagon propaganda efforts have been targeted by an online "misinformation campaign." Fake Twitter and Facebook accounts have been created under the names of the reporter and editor with
Published 21 Apr, 2012 12:00am
Singapore Prime Minister finally taps into Facebook, Twitter

Singapore Prime Minister finally taps into Facebook, Twitter

Singapore Prime Minister Lee Hsien Loong joined Facebook and Twitter on Friday to better connect with citizens who have increasingly vented their frustrations with his government on social media. Lee, 60, said he decided to "join the fun" and set up a Fac
Published 21 Apr, 2012 12:00am
Thousands of North Koreans call for death of South's Lee

Thousands of North Koreans call for death of South's Lee

Tens of thousands of North Koreans rallied Friday, screaming hatred for South Korean President Lee Myung-Bak and calling for his death over alleged insults during the North's anniversary celebrations. Troops and civilians packed Pyongyang's Kim Il-Sung Sq
Published 21 Apr, 2012 12:00am
China assisting North Korean missile programme: US

China assisting North Korean missile programme: US

China has provided some assistance to North Korea's missile program, US Defence Secretary Leon Panetta said on Thursday, a week after the hermit state's failed missile launch triggered broad international condemnation. "I'm sure there's been some help com
Published 21 Apr, 2012 12:00am
Airline executives convicted over 2005 Greece crash

Airline executives convicted over 2005 Greece crash

Three executives of a defunct Cypriot airline and a British engineer were each sentenced in absentia to 10 years in prison on Friday for their role in Greece's worst air crash that killed 121 people, court officials said. The Helios Airways Boeing 737-300
Published 21 Apr, 2012 12:00am
Italy's first private high-speed train makes inaugural trip

Italy's first private high-speed train makes inaugural trip

Italy's first private high-speed train, launched by Ferrari head Luca di Montezemolo's company NTV and boasting sleek interiors and a cinema carriage, made its inaugural journey on Friday. The dark-red 200-metre (656 foot) bullet-shaped train - named "Ita
Published 21 Apr, 2012 12:00am
Turkey becoming 'hostile state': Maliki

Turkey becoming 'hostile state': Maliki

Iraqi Prime Minister Nuri al-Maliki said on Friday that Turkey is becoming a "hostile state" in the region, accusing its premier of interfering in internal Iraqi affairs and of sectarianism. "The latest statements of (Turkish Prime Minister Recep Tayyip)
Published 21 Apr, 2012 12:00am
Hollywood studios lose landmark download case

Hollywood studios lose landmark download case

Top Hollywood film studios Friday failed in their attempt to stem the flow of illegal downloads when they lost a landmark appeal against an Australian Internet provider. A group of international and Australian companies, including Warner Bros, Disney and
Published 21 Apr, 2012 12:00am
India's new missile 'operational in two years'

India's new missile 'operational in two years'

India's new long range missile, capable of delivering a nuclear warhead anywhere in China, will be operational within two years, its developers said Friday, a day affter the weapon's maiden test The state-run Defence Research and Development Organisation
Published 21 Apr, 2012 12:00am
Two Guantanamo Uighurs sent to El Salvador

Two Guantanamo Uighurs sent to El Salvador

The Pentagon said Thursday it had sent two members of China's Uighur minority who were detained without charge for nearly a decade at the Guantanamo Bay camp to El Salvador for resettlement. The men were among a group of 22 Uighurs arrested at a camp in t
Published 21 Apr, 2012 12:00am
'Chinese' hackers deface Philippine website

'Chinese' hackers deface Philippine website

Hackers claiming to come from China defaced the website of the Philippines' top university on Friday to assert their country's claim over the hotly disputed South China Sea, the government said. The foreign department, which has been leading the governmen
Published 21 Apr, 2012 12:00am
Formula One in Bahrain amid widespread unrest

Formula One in Bahrain amid widespread unrest

Bahrain's Crown Prince rejected calls from human rights activists to cancel this weekend's Grand Prix as pro-democracy opposition groups threatened further protests after days of clashes with security forces. As Formula One cars took to the Sakhir circuit
Published 21 Apr, 2012 12:00am
Rosberg fastest in practice

Rosberg fastest in practice

Nico Rosberg followed up his first Formula One win with Mercedes with the fastest lap in Friday practice for a Bahrain Grand Prix overshadowed by petrol bombs and protests elsewhere in the Gulf kingdom. The German, who took the first victory by a Mercedes
Published 21 Apr, 2012 12:00am
'UK wants to see international cricket back in Pakistan'

'UK wants to see international cricket back in Pakistan'

British High Commissioner, Adam Thomson, expressed his wish that United Kingdom wants to see the international cricket back in Pakistan soon adding Britain Army Cricket team would be visiting Pakistan in the next few months. He expressed these views while
Published 21 Apr, 2012 12:00am
Lucrative Pakistan Champion's cricket league from May 20

Lucrative Pakistan Champion's cricket league from May 20

The second edition of Pakistan Champion's Cricket League will explode into action under lights at RLCA Ground Korangi from May 20, organisers announced at a joint news conference here on Friday. "A lucrative prize money of US $35,000 will be at the offer
Published 21 Apr, 2012 12:00am
Sarfraz asks PCB to invite Sri Lanka cricket team

Sarfraz asks PCB to invite Sri Lanka cricket team

Former great Sarfraz Nawaz on Friday asked Pakistan Cricket Board (PCB) to convince the Sri-Lankan team to plan a tour for the revival of international cricket in the country for rebuilding their trust and cementing ties between both the countries.
Published 21 Apr, 2012 12:00am
Australia retain Frank Worrell Trophy

Australia retain Frank Worrell Trophy

Australia retained the Frank Worrell Trophy after the second Test against West Indies ended in a draw on Thursday. Any hopes of a decisive result on the fifth day were ruined by a storm that forced an early end to proceedings at Queen's Park Oval.
Published 21 Apr, 2012 12:00am
US bidder sets out Rangers plan after Ng quits

US bidder sets out Rangers plan after Ng quits

American Bill Miller set out plans on Friday to rescue stricken Scottish soccer club Rangers after a Singapore consortium pulled out of the bidding for one of the most famous teams in the British game.
Published 21 Apr, 2012 12:00am
Samuels brands critics 'evil'

Samuels brands critics 'evil'

West Indies spinner Marlon Samuels on Friday lashed out at critics of his bowling action in the ongoing Indian Premier League (IPL), saying they were "evil". "They are doing it because they can't play my bowling," the Pune Warriors all-rounder told the Ti
Published 21 Apr, 2012 12:00am
Berdych takes down Murray in Monte Carlo marathon

Berdych takes down Murray in Monte Carlo marathon

Tomas Berdych staged a fightback to deny Andy Murray a third semi-final in four years at the Monte Carlo Masters, with the Czech squeezing out a tight 6-7 (4/7), 6-2, 6-3 win on Friday to reach the final four. Murray could only be frustrated with himself
Published 21 Apr, 2012 12:00am
Djokovic, Nadal into semi-finals

Djokovic, Nadal into semi-finals

Novak Djokovic kept his emotions in check following the death of his grandfather to reach the Monte Carlo Masters semi-finals on Friday, beating Dutchman Robin Haase 6-4, 6-2. The Serb was joined in the last four by seven-time champion Rafael Nadal who ea
Published 21 Apr, 2012 12:00am
Seven hockey players played in rebel league summoned

Seven hockey players played in rebel league summoned

Pakistan hockey authorities Friday ordered seven players to explain their appearance in a rebel league in India, casting doubt over their participation in the London Olympics in three months' time. Seven Pakistani players including former captains Shakeel
Published 21 Apr, 2012 12:00am
Serena ends foreign exile for Olympic dream

Serena ends foreign exile for Olympic dream

Serena Williams' bid to win a first Olympic Games gold medal in singles has brought her to this European outpost of world tennis for her first Fed Cup assignment on foreign soil in 13 years. The 13-time Grand Slam champion already owns doubles gold achiev
Published 21 Apr, 2012 12:00am
Falcao double gives Atletico semi-final edge

Falcao double gives Atletico semi-final edge

Atletico Madrid have one foot in the final of the Europa League after a Radamel Falcao double fired the 2010 winners to a 4-2 semi-final first leg win at home to La Liga rivals Valencia on Thursday. The pacy Colombia striker known as 'The Tiger' nodded At
Published 21 Apr, 2012 12:00am
Pound at 20-month high

Pound at 20-month high

Upbeat UK retail sales sent sterling to a 20-month high against a trade-weighted basket of currencies and its strongest in more than five months versus the dollar on Friday as investors become more optimistic about the UK economic outlook. Continuing its
Published 21 Apr, 2012 12:00am
Baht, peso fall

Baht, peso fall

Most emerging Asian currencies were poised to finish the week lower amid a sluggish outlook as the Thai baht on Friday led losses among regional units on disappointing US economic data and sustained worries about the eurozone's debt crisis.
Published 21 Apr, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell for a third consecutive week as investors trimmed holdings on the country's weak economic outlook and fears more pain was in store for the currency given limited fiscal and monetary space for supporting growth. The rupee, however, en
Published 21 Apr, 2012 12:00am
Australian and New Zealand dollars struggle

Australian and New Zealand dollars struggle

The Australian and New Zealand dollars struggled to make any headway on Friday as weak Asian bourses and disappointing US data sapped appetite for commodity currencies, putting them on track to end the week broadly lower. The Aussie was stuck at $1.0339,
Published 21 Apr, 2012 12:00am
Euro climbs in New York

Euro climbs in New York

The euro climbed against the dollar on Thursday in volatile trading, snapping two days of losses, with the single currency boosted by institutional buying to adjust short positions following generally solid Spanish bond auctions this week. News that the I
Published 21 Apr, 2012 12:00am
Midday trade in New York: Euro climbs to two-week peak

Midday trade in New York: Euro climbs to two-week peak

The euro hit 2-week highs against the dollar on Friday, on pace for its best weekly performance since February, after a better-than-expected German business sentiment survey, but gains could fade on concerns over Spain's finances and uncertainty surroundi
Published 21 Apr, 2012 12:00am
Euro boosted by upbeat German Ifo survey

Euro boosted by upbeat German Ifo survey

The euro edged higher on Friday after a better-than-expected German business sentiment survey, but gains looked capped by concerns over Spain's finances and uncertainty before the first round of French presidential elections on Sunday. Spanish 10-year gov
Published 21 Apr, 2012 12:00am
Yen steadies in Asia

Yen steadies in Asia

The yen hovered close to its lowest levels in ten days against the dollar on Friday and was set to stay under pressure on expectations of more easing by the Bank of Japan next week. The greenback stood at 81.50 yen, having hit a 1-1/2 week high of 81.74 t
Published 21 Apr, 2012 12:00am
Yuan ends lower

Yuan ends lower

China's yuan closed lower on Friday to end a week characterised by low volatility and moderate transaction volumes following Beijing's decision to widen the trading band on the currency from Monday. The yuan shed 0.07 percent on the day to close at 6.3085
Published 21 Apr, 2012 12:00am
FTSE sees highest weekly rise since February

FTSE sees highest weekly rise since February

Britain's blue chip index closed on Friday with its biggest weekly gain since February, led by banks and miners, as markets looked to a weekend meeting of the IMF which aims to bolster its war-chest to ease pressure on debt-ridden eurozone economies. The
Published 21 Apr, 2012 12:00am
Seoul shares dip

Seoul shares dip

Seoul shares fell to a one-week closing low, weighed down by broad declines in large-cap stocks led by a sharp plunge in LG Chem, with risk appetite subdued on persistent eurozone debt worries and disappointing US economic data.
Published 21 Apr, 2012 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Most Southeast Asian markets fell on Friday after disappointing US data stirred doubts about the strength of its economic recovery, and on renewed concerns over the eurozone debt crisis. Singapore ended 0.5 percent lower, falling from a two-week high in t
Published 21 Apr, 2012 12:00am
European shares gain

European shares gain

European shares closed out their best week in a month on a high note on Friday as buoyant German business sentiment and UK retail sales data provided a welcome distraction from the euro zone debt crisis. Better-than-expected results from Microsoft and Gen
Published 21 Apr, 2012 12:00am
Hong Kong, China shares post weekly gains

Hong Kong, China shares post weekly gains

Hong Kong and China shares ended the week higher, helped by gains in financial stocks on hopes of more policy easing by Beijing, although volume in the territory's stocks fell to a three-month low because of renewed uncertainty over Europe. Earlier this w
Published 21 Apr, 2012 12:00am
Australian shares edge up

Australian shares edge up

Australian shares eked out a gain of 0.1 percent to touch an 8-month closing high on Friday, proving resilient to worries about global economic growth that have hurt US markets, as investors looked ahead to a possible cut in official interest rates. Key i
Published 21 Apr, 2012 12:00am
US bonds move higher

US bonds move higher

Tepid economic data boosted US Treasuries on Thursday as data on new jobless claims, regional manufacturing and sales of existing homes argued for accommodative monetary policy in the months and years to come, a bullish development for bonds. Recent US da
Published 21 Apr, 2012 12:00am
US bonds move higher

US bonds move higher

Tepid economic data boosted US Treasuries on Thursday as data on new jobless claims, regional manufacturing and sales of existing homes argued for accommodative monetary policy in the months and years to come, a bullish development for bonds. Recent US da
Published 21 Apr, 2012 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks ended 1.52 percent lower on Friday, at a two and a half month closing low, dragged down by LCD makers and chip makers, down 2.65 percent and 2.33 percent respectively. The main TAIEX index fell 115.54 points to 7,507.15, after opening down 0
Published 21 Apr, 2012 12:00am
Wall Street stays lower for second day

Wall Street stays lower for second day

US stocks fell for a second day on Thursday as labour market data showed more signs of weakness, while a warning from Qualcomm and poor results from Stanley Black & Decker also discouraged investors. A late bounce cut the Dow's and the S&P 500's losses al
Published 21 Apr, 2012 12:00am
Friday's midday trade: solid earnings boost stocks

Friday's midday trade: solid earnings boost stocks

US stocks rose on Friday, putting the S&P 500 on pace for its biggest weekly gain in the past five weeks, led by solid earnings from McDonald's, General Electric and Microsoft. General Electric Co's results drove buying in industrial shares, which led the
Published 21 Apr, 2012 12:00am
Nikkei keeps falling

Nikkei keeps falling

Japan's Nikkei index fell on Friday to post its third straight weekly loss after a Spanish bond auction failed to extinguish fears of a renewed eurozone debt crisis, but a weaker yen offered support. The Nikkei closed 0.3 percent lower at 9,561.36, below
Published 21 Apr, 2012 12:00am
Indian shares fall

Indian shares fall

Indian shares snapped a four-day-rally as Reliance Industries fell ahead of its earnings results while state-run banks declined on worries about their margins due to a government directive to lower their lending and deposit rates. Shares were also hit in
Published 21 Apr, 2012 12:00am
US resolves three-year debate on investment treaty terms

US resolves three-year debate on investment treaty terms

The US government has resolved a three-year debate over what terms it should seek in Bilateral Investment Treaties (BIT) with countries such as China and India, the US Trade Representative's office said on Friday. The Emergency Committee for American Trad
Published 21 Apr, 2012 12:00am
General Electric profit, revenue top forecasts

General Electric profit, revenue top forecasts

General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives. The largest US conglomerate said on Friday industrial orders had risen 20 percent in the qu
Published 21 Apr, 2012 12:00am
General Electric profit, revenue top forecasts

General Electric profit, revenue top forecasts

General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives. The largest US conglomerate said on Friday industrial orders had risen 20 percent in the qu
Published 21 Apr, 2012 12:00am
German business morale up for sixth straight month

German business morale up for sixth straight month

German business sentiment unexpectedly rose for the sixth month in a row in April in a sign that Europe's largest economy continues to outpace peers and shrug off persistent worries about the euro zone debt crisis. The Munich-based Ifo think tank said on
Published 21 Apr, 2012 12:00am
Microsoft's earnings shine ahead of new product wave

Microsoft's earnings shine ahead of new product wave

Microsoft posted quarterly net income of $5.11 billion on record-high revenue on the cusp of what executives billed as a huge "product launch wave" promising even better days ahead. "We're driving toward exciting launches across the entire company, while
Published 21 Apr, 2012 12:00am
Microsoft's earnings shine ahead of new product wave

Microsoft's earnings shine ahead of new product wave

Microsoft posted quarterly net income of $5.11 billion on record-high revenue on the cusp of what executives billed as a huge "product launch wave" promising even better days ahead. "We're driving toward exciting launches across the entire company, while
Published 21 Apr, 2012 12:00am
US, Europe results boost McDonald's profit

US, Europe results boost McDonald's profit

McDonald's Corp reported higher quarterly profit on Friday, boosted by better-than-expected sales at established restaurants in the United States and its top revenue market of Europe. McDonald's shares rose 2.3 percent as investors breathed a sign of reli
Published 21 Apr, 2012 12:00am
US, Europe results boost McDonald's profit

US, Europe results boost McDonald's profit

McDonald's Corp reported higher quarterly profit on Friday, boosted by better-than-expected sales at established restaurants in the United States and its top revenue market of Europe. McDonald's shares rose 2.3 percent as investors breathed a sign of reli
Published 21 Apr, 2012 12:00am
Japan's Cosmo Oil renews Iran oil imports deal

Japan's Cosmo Oil renews Iran oil imports deal

Japan's Cosmo Oil Co has renewed its annual oil purchase deal with Iran and cut the volume to comply with US sanctions against the Islamic nation, trade sources said on Friday. A company spokesman declined to comment. Cosmo's new contractual volume from A
Published 21 Apr, 2012 12:00am
Iraq's second Gulf oil terminal comes online

Iraq's second Gulf oil terminal comes online

Iraq's second of five floating Gulf oil terminals came online on Friday, adding 900,000 barrels per day to the country's export capacity, the head of the Southern Oil Company said. "A ship with a capacity of 2 million barrels of oil has docked at the seco
Published 21 Apr, 2012 12:00am
Jobless rates drop in all US states except New York

Jobless rates drop in all US states except New York

Unemployment rates dropped in all US states except New York in March from a year earlier, according to Labour Department data released on Friday, marking an improvement in the jobs market that could help President Barack Obama's re-election chances.
Published 21 Apr, 2012 12:00am
Greek banks' losses show pain of bond swap

Greek banks' losses show pain of bond swap

Two top Greek banks posted historic losses for 2011 on Friday as huge writedowns on their government bond holdings after last month's sovereign debt swap blew holes in their balance sheets, leaving them undercapitalised. Alpha Bank and Eurobank together p
Published 21 Apr, 2012 12:00am
Spain passes health, education reforms to cut costs

Spain passes health, education reforms to cut costs

Spain's government laid out health and education reforms on Friday aimed at slicing 10 billion euros a year off public spending as Prime Minister Mariano Rajoy fights to reassure investors about the country's fiscal stability. Spain's 17 autonomous region
Published 21 Apr, 2012 12:00am
AMR unions, in deal with US Air, want merger talks

AMR unions, in deal with US Air, want merger talks

The three main unions at bankrupt American Airlines have reached a tentative deal with US Airways Group intended to put pressure on a reluctant American to start merger talks with its rival, the unions and US Airways said on Friday. The unions said they s
Published 21 Apr, 2012 12:00am
Apple to create 500 jobs in Ireland

Apple to create 500 jobs in Ireland

US technology giant Apple intends to create 500 support jobs in Cork, southern Ireland, the government said on Friday. The move by the multi-national, which has generated huge sales of its iPads and iPhones rocket world-wide, will bring total employment a
Published 21 Apr, 2012 12:00am
Apple new iPad goes on sale in South Korea

Apple new iPad goes on sale in South Korea

Hundreds of customers lined up Friday at Apple stores as the new iPad went on sale in tech-savvy South Korea, about one month after it made its international debut. Four of Apple's stores in Seoul opened early to sell the tablet computer, and there were a
Published 21 Apr, 2012 12:00am
US Midwest corn, soyabean bids flat

US Midwest corn, soyabean bids flat

Corn and soyabean spot basis bids were flat in most of the US Midwest interior on Thursday and country selling was quiet as farmers in eastern areas focused on planting and fieldwork, dealers said. Producers in northern Ohio were actively seeding corn and
Published 21 Apr, 2012 12:00am
Prices higher amid tight supply on cotton market

Prices higher amid tight supply on cotton market

Prices were higher on the cotton market on Friday amid tight supply and hovering fears of likely delay in arrival of new crop due to bad weather condition, dealers said. Official spot rate was unchanged at Rs 5850, they added. Prices of seedcotton in Sind
Published 21 Apr, 2012 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot basis bids for hard red winter wheat held steady Friday in a quiet market. Producers were selling both old crop and new crop as the production outlook for the summer harvest continued to improve in key growing areas. Farmers were actively treating fi
Published 21 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 102,530 tonnes of cargo comprising1 82,590 tonnes of import cargo and 19,940 tonnes of export cargo including 1,999 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 82,590 ton
Published 21 Apr, 2012 12:00am
India eyes record-large grain harvest: report

India eyes record-large grain harvest: report

India raised its estimate for wheat and rice output to a record-large 252.56 million tonnes in the year to June, up 3.2 percent from a year ago on crop-friendly weather, the Wall Street Journal reported, quoting unnamed farm ministry officials.
Published 21 Apr, 2012 12:00am
Vietnam wheat imports seen at 2.3 million tonnes

Vietnam wheat imports seen at 2.3 million tonnes

Following are selected highlights from a report issued by a US Department of Agriculture attache in Vietnam. "Post estimates Vietnam's total wheat imports for MY 2011/2012 at 2.3 million tonnes. The volume of US wheat imports into Vietnam is expected to r
Published 21 Apr, 2012 12:00am
FOB Gulf corn export premiums study

FOB Gulf corn export premiums study

Corn export premiums at the US Gulf Coast were about steady on Thursday as a 3 percent jump in futures prices chilled demand, but the market remained abuzz with talk that China may have bought some US corn. Rumours that both government and private buyers
Published 21 Apr, 2012 12:00am
World Bank agrees to provide financing for Dasu dam: Hafeez

World Bank agrees to provide financing for Dasu dam: Hafeez

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan's development projects, mainly in energy sector, in the current year, Finance Minister Dr Abdul Hafeez Shaikh said after holding a meeting with Vice President of the World B
Published 21 Apr, 2012 12:00am
No change on grain market

No change on grain market

According to the wholesale grain and seeds merchant release, not a single commodity item showed any change on Friday.
Published 21 Apr, 2012 12:00am
World Bank agrees to provide financing for Dasu dam: Hafeez

World Bank agrees to provide financing for Dasu dam: Hafeez

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan's development projects, mainly in energy sector, in the current year, Finance Minister Dr Abdul Hafeez Shaikh said after holding a meeting with Vice President of the World B
Published 21 Apr, 2012 12:00am
Residents wade through traffic gridlock

Residents wade through traffic gridlock

Though population generally tends to move towards port cities all over the world, in Karachi it has leaped to new highs resulting in a vehicular traffic jungle. The problems faced by the city are, however, unique in the sense that they stem from extremely
Published 21 Apr, 2012 12:00am
World Bank agrees to provide financing for Dasu dam: Hafeez

World Bank agrees to provide financing for Dasu dam: Hafeez

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan''s development projects, mainly in energy sector, in the current year, Finance Minister Dr Abdul Hafeez Shaikh said after holding a meeting with Vice President of the World
Published 21 Apr, 2012 12:00am
Mangroves logging goes on unabated

Mangroves logging goes on unabated

Mangroves are the trees that grow intertidal salty environment as they can tolerate frequent flooding and are able to obtain fresh water from salt waters. The mangroves' forests are very important, both economically and ecologically as these serve as natu
Published 21 Apr, 2012 12:00am
March ST returns need not carry CNICs, NTNs: SRO suspended

March ST returns need not carry CNICs, NTNs: SRO suspended

In a major move to facilitate the business community, the Federal Board of Revenue (FBR) suspended the applicability of SRO191(I)/2011 for tax period of March 2012 and extended the date of filing of sales tax and federal excise duty returns up to April 25
Published 21 Apr, 2012 12:00am
KARACHI CHRONICLE: Appeal of tolerance

KARACHI CHRONICLE: Appeal of tolerance

At last intellectuals and sober Muslims have realised that Sufiism is Achilles' heel of the fanatics and, as such, the means to defeat the onward march of fanaticism. Last week scholars from the four provinces gathered in Karachi to hold a two-day nationa
Published 21 Apr, 2012 12:00am
March ST returns need not carry CNICs, NTNs: SRO suspended

March ST returns need not carry CNICs, NTNs: SRO suspended

In a major move to facilitate the business community, the Federal Board of Revenue (FBR) suspended the applicability of SRO191(I)/2011 for tax period of March 2012 and extended the date of filing of sales tax and federal excise duty returns up to April 25
Published 21 Apr, 2012 12:00am
ART FACTS: Exploring human forms and feelings

ART FACTS: Exploring human forms and feelings

Spontaneous, pulsating, un-interruptive and full of energy - the sculptures say it all. Talat Dabir is experimental in approach she captures diverse themes in a unique manner. Her artistic skills take shape in an innovative style showing her mastery in th
Published 21 Apr, 2012 12:00am
March ST returns need not carry CNICs, NTNs: SRO suspended

March ST returns need not carry CNICs, NTNs: SRO suspended

In a major move to facilitate the business community, the Federal Board of Revenue (FBR) suspended the applicability of SRO191(I)/2011 for tax period of March 2012 and extended the date of filing of sales tax and federal excise duty returns up to April 25
Published 21 Apr, 2012 12:00am
Climate Change - Profound Challenge

Climate Change - Profound Challenge

Each year on 22 April symposiums, seminars and conferences held world-wide to celebrate Earth Day. The first Earth Day held on April 22, 1970, the aim was to promote ideas of ecology, to encourage respect for life on earth, and to highlight growing concer
Published 21 Apr, 2012 12:00am
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