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Print - 2011-04-14
Zapatero rules out new moves to cut Spain deficit

Zapatero rules out new moves to cut Spain deficit

Spanish Prime Minister Jose Luis Rodriguez Zapatero on Wednesday ruled out new budget cuts to help reduce his country's public deficit, after winning China's renewed support for buying Spanish debt. Spanish and Chinese firms signed deals worth about one b
Published 14 Apr, 2011 12:00am
Saudi annual inflation eases to 4.7 percent

Saudi annual inflation eases to 4.7 percent

Saudi Arabia's annual inflation rate has dipped to 4.7 percent in March, largely on the back of retreating food prices. The Saudi Arabian Department of Statistics and Information said annualised inflation dropped from February's level of 4.9 percent. Anal
Published 14 Apr, 2011 12:00am
J.P Morgan first quarter profit up 67 percent

J.P Morgan first quarter profit up 67 percent

J.P. Morgan Chase & Co drastically cut the amount of money set aside for bad loans, allowing it to boost first-quarter profit by two-thirds but prompting questions about whether the results can be repeated. The bank's book of consumer loans shrank by 10 p
Published 14 Apr, 2011 12:00am
J.P Morgan first quarter profit up 67 percent

J.P Morgan first quarter profit up 67 percent

J.P. Morgan Chase & Co drastically cut the amount of money set aside for bad loans, allowing it to boost first-quarter profit by two-thirds but prompting questions about whether the results can be repeated. The bank's book of consumer loans shrank by 10 p
Published 14 Apr, 2011 12:00am
Japan cuts view, quake to squeeze profit margins

Japan cuts view, quake to squeeze profit margins

Japan's government has downgraded its assessment of the economy for the first time in six months to reflect last month's devastating earthquake and tsunami, while wholesale prices rose at the fastest pace in more than two years in an ominous sign for comp
Published 14 Apr, 2011 12:00am
Leaders to reject use of force in Middle East, North Africa

Leaders to reject use of force in Middle East, North Africa

Leaders from five of the world's largest emerging economies will reject the use of force in the Middle East and North Africa at a summit on Thursday, urging instead dialogue and non-intervention, according to a draft statement. The "BRICS" nations of Braz
Published 14 Apr, 2011 12:00am
BRICS trade ministers downbeat on global trade round

BRICS trade ministers downbeat on global trade round

Trade ministers of the five BRIC nations gave no sign on Wednesday of being ready to make concessions to break a deadlock in decade-old talks to free up global commerce. The Doha Round of negotiations, being conducted under the umbrella of the World Trade
Published 14 Apr, 2011 12:00am
China, Spain firms sign $1.4 billion in deals

China, Spain firms sign $1.4 billion in deals

Spanish and Chinese firms signed deals worth about one billion euros ($1.4 billion) during a visit to Beijing by Spanish Prime Minister Jose Luis Rodriguez Zapatero, he told reporters on Wednesday. Spain's Gamesa Corporacion Tecnologica SA, one of the wor
Published 14 Apr, 2011 12:00am
Unilever, P&G fined 315 million euros for price fixing

Unilever, P&G fined 315 million euros for price fixing

Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros ($456 million) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries. Germany's Henkel, which alerted the European Commission to the cartel i
Published 14 Apr, 2011 12:00am
G20 to work on imbalances plan amid crowded agenda

G20 to work on imbalances plan amid crowded agenda

The world's biggest economies hope to make progress this week on a plan to identify countries that put the global economy at risk, while China warned against any moves that would curb its red-hot growth. The meeting of the Group of 20 rich and emerging-ma
Published 14 Apr, 2011 12:00am
Deutsche Bank to restructure US operations

Deutsche Bank to restructure US operations

Deutsche Bank will change the legal status of its main US subsidiary to avoid having to endow it with up to $20 billion in fresh capital, the Wall Street Journal reported on Wednesday. Citing an internal document at the bank, the Journal said that Deutsch
Published 14 Apr, 2011 12:00am
South East Asian stocks mostly up

South East Asian stocks mostly up

Most Southeast Asian stock markets gained in thin volume on Wednesday, led by Singapore, which rose over 1 percent as transport shares advanced and on strong economic growth expectations ahead of a central bank policy meeting. Investors looked for fresh o
Published 14 Apr, 2011 12:00am
Nikkei nudges higher

Nikkei nudges higher

Tokyo shares nudged higher on Wednesday, recouping some of the previous day's losses, but the futures-led upward move on thin volume suggested the post-quake rebound has run out of steam and mid-term the market may be heading for a second bottom. The most
Published 14 Apr, 2011 12:00am
Wednesday's afternoon trade: Dow, S&P near session lows

Wednesday's afternoon trade: Dow, S&P near session lows

The Dow and the S&P 500 fell on Wednesday as J.P. Morgan Chase & Co's strong profit growth failed to convince investors that the performance could be repeated, or that the results would translate to other companies. Shares of J.P. Morgan, a Dow component,
Published 14 Apr, 2011 12:00am
US stocks dip

US stocks dip

US stocks dropped on Tuesday on worries falling oil prices could set off a reversal in the high-flying energy sector, while Alcoa's leaner-than-expected revenue disappointed. Energy stocks led the S&P 500's losses, with the S&P Energy Index down 3 percent
Published 14 Apr, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.55 percent on Wednesday, led by smartphone maker HTC after it launched a powerful new handset that overshadowed the two new models from Nokia. Hon Hai closed 1 percent higher on news its parent group is considering investing $12 billi
Published 14 Apr, 2011 12:00am
Treasuries get boost

Treasuries get boost

US retail sales data on Wednesday will be closely watched for signs that inflation is crimping consumer spending, and the number may help set the tone for the day's 10-year Treasury note sale. Treasuries prices were boosted on Tuesday by a safe-haven bid
Published 14 Apr, 2011 12:00am
Treasuries get boost

Treasuries get boost

US retail sales data on Wednesday will be closely watched for signs that inflation is crimping consumer spending, and the number may help set the tone for the day's 10-year Treasury note sale. Treasuries prices were boosted on Tuesday by a safe-haven bid
Published 14 Apr, 2011 12:00am
Indian shares snap five-day fall

Indian shares snap five-day fall

Indian shares closed 2.3 percent higher on Wednesday, snapping a five-day losing streak, on optimism around quarterly corporate earnings, with lenders leading the gains. State Bank of India and ICICI Bank rose 1.3 percent and 2.4 percent respectively, whi
Published 14 Apr, 2011 12:00am
China, Hong Kong shares up

China, Hong Kong shares up

Hong Kong shares staged a mild recovery on Wednesday as bargain hunters picked up large cap names after the biggest two-day decline for the benchmark stock index since the Japan earthquake. A 1 percent advance on the Shanghai Composite to a five-month hig
Published 14 Apr, 2011 12:00am
Middle East markets: Egypt's index up

Middle East markets: Egypt's index up

Egypt's main index snapped a four-day losing streak on Wednesday on optimism the detention of former President Mubarak in a graft probe will bolster support for the country's military rulers. "We've been slightly hammered for the past few days and the mar
Published 14 Apr, 2011 12:00am
Seoul shares up

Seoul shares up

Seoul stocks came roaring back on Wednesday after falling slightly early in the session, as investors snapped up auto and food shares, encouraged by a recent retreat in oil prices. The Korea Composite Stock Price Index ended up 1.56 percent at 2,121.92 po
Published 14 Apr, 2011 12:00am
European shares move higher

European shares move higher

European shares rose on Wednesday, with banking stocks boosted by forecast-beating results from Wall Street bank J.P. Morgan and strategists suggested there was further upside for the sector. The pan-European FTSEurofirst 300 index of top shares closed up
Published 14 Apr, 2011 12:00am
Banks drive FTSE rally

Banks drive FTSE rally

Britain's top share index moved higher on Wednesday, with banks up after better-than-expected results from US peer J.P. Morgan provided hope that the earnings season might hold some more positive surprises. "There is a long way to go, but the earnings com
Published 14 Apr, 2011 12:00am
Euro overnight borrowing costs jump

Euro overnight borrowing costs jump

Overnight euro borrowing costs rose on Wednesday, the first day of the European Central Bank's new reserve maintenance period, after it raised interest rates last week. Traders said overnight cash was being lent at around 1.10 percent and the Eonia overni
Published 14 Apr, 2011 12:00am
Sterling falls versus euro

Sterling falls versus euro

Sterling fell to a five-and-a-half month low against the euro on Wednesday as investors bet UK interest rates would lag those in the eurozone with a mixed British jobs report offering little support. Strategists said the euro was now on track to test its
Published 14 Apr, 2011 12:00am
Yen slips broadly in Asia

Yen slips broadly in Asia

The yen slipped on Wednesday as a bout of global risk reduction abated, with some market players looking for fresh opportunities to put on bets against the yen after having booked profits the previous day. The yen fell against the dollar and dipped broadl
Published 14 Apr, 2011 12:00am
Euro climbs, yen slips in London

Euro climbs, yen slips in London

The euro edged to a 15-month high against the dollar while the yen slipped broadly on Wednesday as a bout of global risk reduction abated and investors sought currencies promising higher yield. The euro was lifted by reported demand from sovereign names l
Published 14 Apr, 2011 12:00am
Midday trade in New York: yen slips, euro surges

Midday trade in New York: yen slips, euro surges

The yen slipped on Wednesday after rising four straight days, as risk appetite improved on global stocks gains, and the currency's downtrend was seen intact as long as risk-taking holds up. The negative impact on Japan's economy from the recent earthquake
Published 14 Apr, 2011 12:00am
Yen, Swiss franc rise

Yen, Swiss franc rise

The yen and Swiss franc gained roughly 1 percent against the dollar on Tuesday amid heightened risk aversion due to Japan's nuclear crisis and a slide in US stocks. The move into safe havens forced many to unwind carry trades, strengthening the yen and al
Published 14 Apr, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 72.84/72.86 (previous 72.82/72.83). Call Money Rates: 6.00-12.00 percent (previous 6.00-12.00 percent).
Published 14 Apr, 2011 12:00am
Australian and New Zealand dollars up versus yen

Australian and New Zealand dollars up versus yen

The Australian and New Zealand dollars rebounded against the yen on Wednesday, halting a two-day slide as a short-squeeze rally in the Japanese currency came to an abrupt end. The Aussie rose as high as 88.27 yen, climbing from a one-week trough of 86.83.
Published 14 Apr, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee ended weak on Wednesday following covering of some short-dollar positions, but gains in local equities and the euro ensured the fall was limited. The partially convertible rupee ended at 44.5000/5100 per dollar after weakening to 44.5875,
Published 14 Apr, 2011 12:00am
Singapore dollar steadies, won up

Singapore dollar steadies, won up

The Singapore dollar clawed back early losses on Wednedsay as dealers trimmed positions ahead of a central bank meeting on Thursday at which the Monetary Authority of Singapore is expected to tigthen policy further. The MAS' decision is expected to set th
Published 14 Apr, 2011 12:00am
Yuan hits fresh record high

Yuan hits fresh record high

The yuan hit a fresh trading high against the dollar on Wednesday as the People's Bank of China unleashed a new leg of yuan appreciation to help fight imported inflation, traders said. The central bank has engineered a series of record highs for the Chine
Published 14 Apr, 2011 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc slipped against the dollar and the euro on Wednesday as some investors trimmed franc positions against major currencies to lock in profits from a strong run up in recent sessions. At 0633 GMT, the franc was 0.2 percent lower against the do
Published 14 Apr, 2011 12:00am
New York cotton settles lower

New York cotton settles lower

US cotton futures settled lower for a second day in a row on Wednesday as funds and merchants sold amid weaker textile demand and price pressure from new-crop sales in the Southern Hemisphere, analysts said. The key May cotton contract on ICE Futures US s
Published 14 Apr, 2011 12:00am
US copper tumbles

US copper tumbles

Copper ended on Tuesday with its biggest one-day loss in about five weeks, caught in a broad-based commodity rout led by a sharp drop in oil and fears that Japan's nuclear crisis could stall a global recovery. COMEX May copper fell 7.65 cents to settle at
Published 14 Apr, 2011 12:00am
Shanghai copper trims losses

Shanghai copper trims losses

Shanghai copper trimmed early losses and London copper rebounded on Wednesday, supported by strong equities, while demand worries continued to linger amid Japan's nuclear crisis and China's attempts to curb inflation. Large copper stockpiles in top consum
Published 14 Apr, 2011 12:00am
Copper reverses gains

Copper reverses gains

Copper reversed gains on Wednesday on concerns about demand after US auto sales fell and on reports China would move to quell inflation, lessening the country's appetite for commodities. LME copper closed at $9,515 a tonne, from $9,630 at the close on Tue
Published 14 Apr, 2011 12:00am
Oil snaps losses

Oil snaps losses

US crude oil prices rose on Wednesday, snapping two days of losses, getting a lift from data showing US gasoline stockpiles plunged last week and from lingering worries about the Libyan conflict. US crude for May delivery settled up 86 cents at $107.11 a
Published 14 Apr, 2011 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Key Tokyo rubber futures fell on Wednesday as investors became wary of recent sharp price increases, although a recovery in oil prices lent some support to the market. The key Tokyo Commodity Exchange rubber contract for September delivery settled at 450.
Published 14 Apr, 2011 12:00am
Malaysian palm oil hits two-week low

Malaysian palm oil hits two-week low

Malaysian palm oil hit a two week trough before paring losses late on Wednesday, with sentiment driven by comparative vegetable oils and crude prices, as market players braced themselves for further weakness due to a higher production cycle.
Published 14 Apr, 2011 12:00am
US cocoa springs up

US cocoa springs up

Cocoa futures sprang up Tuesday on industry buying as players anticipated near-term disruptions in Ivory Coast's mid-crop even as exports resume from the top cocoa producer after the power struggle there. Arabica and robusta coffee futures were mixed and
Published 14 Apr, 2011 12:00am
US soyabeans slump

US soyabeans slump

US soyabean futures ended nearly 3 percent lower on Tuesday, in line with a broad commodity sell-off after a recommendation by Goldman Sachs to book profits, traders said. The Goldman Sachs comments, written on Monday, did not directly address profit-taki
Published 14 Apr, 2011 12:00am
Liffe cocoa climbs

Liffe cocoa climbs

Liffe July cocoa closed 9 pounds higher at 1,946 pounds a tonne on Wednesday as top producer Ivory Coast looked set to resume cocoa exports next week and dealers waited for more information on the state of the mid-crop and stocks held in the country.
Published 14 Apr, 2011 12:00am
Gold soars in Asia

Gold soars in Asia

Gold bounced higher on Wednesday after posting its biggest decline in a month in the previous session, shrugging off falls in exchange traded fund holdings and gaining support on inflation concerns in major gold buyer China. Spot gold added $2.81 to $1,45
Published 14 Apr, 2011 12:00am
US gold posts biggest fall in month

US gold posts biggest fall in month

Gold dropped 1 percent on Tuesday for its biggest fall in a month, as a sharp drop in crude oil on a bearish forecast from Goldman Sachs dragged the metal further from record highs. Rallying prices of US government debt also took some safe-haven bids away
Published 14 Apr, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose in Europe on Wednesday, recovering after its biggest one-day drop in nearly a month as the dollar retreated amid expectations the US Federal Reserve will maintain its accommodative monetary policy for now. Metals consultancy GFMS issued a widely
Published 14 Apr, 2011 12:00am
US MIDDAY: coffee surges

US MIDDAY: coffee surges

US cocoa futures finished firmer in heavy volume on Wednesday, buoyed by May/July spreading, technical buy signals and lingering concerns as top grower Ivory Coast works toward regaining normalcy after months of violence. Arabica coffee rallied on spread
Published 14 Apr, 2011 12:00am
US MIDDAY: Grain futures up

US MIDDAY: Grain futures up

US corn futures rose nearly 2 percent on Wednesday, recouping much of Tuesday's losses, on concerns that wet weather in the US Midwest could further slow plantings through the week. The crop needs to get off to a good start this season to help offset depl
Published 14 Apr, 2011 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

Copper ended down for a third consecutive day on Wednesday, reacting to a firmer dollar and calls for more inflation-fighting controls in top consumer China. COMEX May copper tumbled 8.90 cents, or 2 percent, to settle at $4.2945 per lb, near the lower ha
Published 14 Apr, 2011 12:00am
US MIDDAY: gold ekes out small gain

US MIDDAY: gold ekes out small gain

US gold futures finished higher on Wednesday, benefiting from early declines in the dollar, with some analysts citing buying on dips as they said the yellow metal overshot downward in the previous session. COMEX June gold futures finished with $2.0 gains
Published 14 Apr, 2011 12:00am
Women's World Cup gets first sticker album

Women's World Cup gets first sticker album

Football fans will for the first time be able to collect and swap stickers of female players for this year's World Cup, although only in host country Germany, album-maker Panini said on Wednesday. "We are a bit unsure about the target groups for this stic
Published 14 Apr, 2011 12:00am
World tour on motorbike Murdoch reaches Lahore

World tour on motorbike Murdoch reaches Lahore

Danielle Murdoch, an international motorcyclist reached provincial capital from India through Wagha border. She is presently on a motorbike tour of different countries.
Published 14 Apr, 2011 12:00am
Australia complete sweep as Hussey hits ton

Australia complete sweep as Hussey hits ton

Michael Hussey scored his first one-day century in four years to help Australia complete a 3-0 clean sweep against Bangladesh with a 66-run win in the third and final match on Wednesday. The middle-order batsman cracked two sixes and nine fours in a 91-ba
Published 14 Apr, 2011 12:00am
Sayid Papers beat Chaudhry Sports

Sayid Papers beat Chaudhry Sports

Aizad Sayid-led Sayid Papers Stags continued their fine run and recorded 15-run thrilling win over Chaudhry Sports in the 13th National Seniors Cricket Cup (Zonal Phase) on Wednesday. Sayid Papers Stags piled up 202-8 with Javed Hayat 61, Shahid Anwar 34,
Published 14 Apr, 2011 12:00am
Tendulkar named Wisden Cricketer of Year

Tendulkar named Wisden Cricketer of Year

Sachin Tendulkar has been named Wisden's Cricketer of the Year for 2010, crowning a golden month for "the little master" which also saw him play a starring role in India's World Cup triumph. Tendulkar's honour from the cricketing bible means India has won
Published 14 Apr, 2011 12:00am
India to resume bilateral cricket ties with Pakistan

India to resume bilateral cricket ties with Pakistan

As a follow up to the talks between Prime Minister Manmohan Singh and his counterpart Yousuf Raza Gilani, India has decided, in principle, to resume bilateral cricket ties with Pakistan, Press Trust of India PTI news agency reported on Wednesday. Quoting
Published 14 Apr, 2011 12:00am
Valthaty powers Punjab to record win

Valthaty powers Punjab to record win

Unheralded Paul Valthaty smashed an unbeaten 120 off 63 balls as Kings XI Punjab shocked defending champions Chennai Super Kings by six wickets in the Indian Premier League on Wednesday. Valthaty, 27, clobbered 19 fours and two sixes in a stunning counter
Published 14 Apr, 2011 12:00am
U-18 Girls Hockey opens: nation to regain glory in sport: Khosa

U-18 Girls Hockey opens: nation to regain glory in sport: Khosa

Punjab Governor Sardar Latif Khosa on the opening ceremony of 1st PHF U-18 Girls Hockey Championship stated here on Wednesday that hockey was the national sport and hopefully nation would regain its glory in the sport. He appreciated services of former Pa
Published 14 Apr, 2011 12:00am
Yemen forces clash in Sanaa, violence kills five

Yemen forces clash in Sanaa, violence kills five

Rival Yemeni forces clashed in the capital Sanaa on Wednesday, killing two people, as the opposition awaited clarification from Gulf Arab mediators on the timeframe for a proposed transfer of the president's powers. Three people were killed in violence el
Published 14 Apr, 2011 12:00am
Nigeria opposition fails to strike election pact

Nigeria opposition fails to strike election pact

Nigeria's two main opposition parties have failed to reach an eleventh-hour alliance to unseat President Goodluck Jonathan, leaving them divided ahead of elections in three days time.
Published 14 Apr, 2011 12:00am
Militants seek attacks on France over full veil ban

Militants seek attacks on France over full veil ban

France's ban on the Muslim full face veil has triggered calls on militant online forums for armed retaliation against the country, a US-based terrorism monitoring service said on Wednesday.
Published 14 Apr, 2011 12:00am
New US peace push must come soon: Palestinians

New US peace push must come soon: Palestinians

The United States must move fast on its planned drive to revive Middle East talks before Palestinians seek recognition as a state, a spokesman for Palestinian President Mahmoud Abbas said on Wednesday. "It's time for the American administration to move be
Published 14 Apr, 2011 12:00am
Clinton urges Arab leaders to move faster on reform

Clinton urges Arab leaders to move faster on reform

US Secretary of State Hillary Clinton on Tuesday pushed for Arab leaders to embrace a "spirit of reform" that has swept the region and move swiftly to respond to the growing demands of their citizens.
Published 14 Apr, 2011 12:00am
Germany expels five Libyan diplomats

Germany expels five Libyan diplomats

Germany says it has expelled five Libyan diplomats for allegedly pressuring Libyan dissidents in the country. Foreign Ministry spokesman Andreas Peschke told reporters Wednesday that Germany had "summoned the Libyan ambassador today and informed him that
Published 14 Apr, 2011 12:00am
Samsung Chinese worker accused in information leak

Samsung Chinese worker accused in information leak

A Chinese employee of South Korea's Samsung Electronics has been arrested for allegedly trying to leak confidential business information, a Seoul prosecutor said Wednesday. The 40-year-old woman is suspected of photographing confidential documents about s
Published 14 Apr, 2011 12:00am
US army may not help in future Iraq crises: official

US army may not help in future Iraq crises: official

Iraqi leaders should not expect US forces to return to help in a crisis once they leave at the end of the year, a senior American military official said on Wednesday. The remarks came just days after US Defence Secretary Robert Gates ended a two-day visit
Published 14 Apr, 2011 12:00am
Iran stops refuelling 'Western planes' in tit-for-tat move

Iran stops refuelling 'Western planes' in tit-for-tat move

Iran has stopped refuelling "western passenger planes" since Europe-bound Iranian commercial planes were refused fuelling there, the first vice-president was quoted as saying in the governmental Iran newspaper on Wednesday. "Recently fuel supply for Irani
Published 14 Apr, 2011 12:00am
Corruption an election issue in three Indian states

Corruption an election issue in three Indian states

Hundreds of thousands of people voted in assembly elections Wednesday in the southern Indian state of Tamil Nadu, where the ruling party faces a test of its popularity after one of its leaders was involved in a multibillion-dollar telecommunications scand
Published 14 Apr, 2011 12:00am
Branson to work as stewardess after losing bet

Branson to work as stewardess after losing bet

British billionaire Richard Branson will dress and serve as a stewardess on Malaysian budget carrier AirAsia X on May 1 after losing a Grand Prix bet with the founder of the airline.
Published 14 Apr, 2011 12:00am
Audio pioneer Sidney Harman dies

Audio pioneer Sidney Harman dies

Audio pioneer Sidney Harman, who bought Newsweek magazine last year and merged it with The Daily Beast website, died on Tuesday. He was 92. Harman, who was married to Jane Harman, a former member of the US House of Representatives from California, died in
Published 14 Apr, 2011 12:00am
From A Ringside Seat

From A Ringside Seat

The government is giving signals of policy change regarding drone attacks inside Pakistan's territory and in this regard, Prime Minister Syed Yousuf Raza Gilani informed the National Assembly that we are seeking international diplomatic help to end drones
Published 14 Apr, 2011 12:00am
Zardari conferred Turkish award

Zardari conferred Turkish award

Turkish President Abdullah Gul conferred on President Asif Ali Zardari the highest Turkish State Order Medal 'Devlet Nishan' at an impressive investiture ceremony here on Wednesday. President Zardari, who is on a four-day official visit to Turkey, while r
Published 14 Apr, 2011 12:00am
'PIDC successful in bringing tech awareness in all sectors'

'PIDC successful in bringing tech awareness in all sectors'

Pakistan Industrial Development Corporation (PIDC) has been successful in bringing technology awareness in all the sectors and is continuously training skilled persons in areas of high engineering and social importance.
Published 14 Apr, 2011 12:00am
Iranian envoy meets Malik

Iranian envoy meets Malik

Ambassador of Iran to Pakistan Mashallah Shakiri on Wednesday met Interior Minister Rehman Malik and discussed various matters related to Pak-Iran border in a very cordial atmosphere. According to a press release issued by the Interior Ministry, the Minis
Published 14 Apr, 2011 12:00am
'Bin Qasim Zone offers great investment potential'

'Bin Qasim Zone offers great investment potential'

Bin Qasim Industrial Zone holds great potential for attracting foreign and local investment due to its unique location, being adjacent to the port having most modern shipping facilities.
Published 14 Apr, 2011 12:00am
Kinnow export target of 300,000 metric tons achieved

Kinnow export target of 300,000 metric tons achieved

Pakistan has achieved its kinnow export target for the year 2010-11 by exporting about 300,000 metric tons. An official in the Pakistan Horticulture Development and Export Company told APP here on Wednesday that Pakistan was the sixth largest citrus produ
Published 14 Apr, 2011 12:00am
Bomb blast victims: compensation not yet decided by BISP authorities

Bomb blast victims: compensation not yet decided by BISP authorities

The 5,000 bomb blast victims' families were entitled to benefit from Benazir Income Support Program (BISP) after thorough scrutiny of each case. Chairperson BISP Farzana Raja confirmed that the disbursement would start soon and completed till June 2011. S
Published 14 Apr, 2011 12:00am
15 percent surcharge: new provision introduced in draft IT return forms

15 percent surcharge: new provision introduced in draft IT return forms

The Federal Board of Revenue has introduced a new provision of 15 percent income tax surcharge in the draft of the income tax return forms for Tax Year 2011 for companies, individuals and Association of Persons (AOPs). In this connection, the FBR has issu
Published 14 Apr, 2011 12:00am
Seven including POs, dacoits arrested

Seven including POs, dacoits arrested

Criminal Investigation Agency (CIA) of Islamabad Police have nabbed seven persons including proclaimed offenders and dacoits who were involved in various criminal activities in the Federal Capital. Two stolen cars and other commodities were recovered from
Published 14 Apr, 2011 12:00am
Sumera Jawad's paintings on display

Sumera Jawad's paintings on display

The solo exhibition of a collection of 20 paintings by Sumera Jawad was put on display here Wednesday in a press preview at Nomad Art Gallery. The works of mix-media will be open for public on April 14 and the show will continue till April 30. The show "K
Published 14 Apr, 2011 12:00am
German diplomat retires after 44 years

German diplomat retires after 44 years

The Consul General of the Federal Republic of Germany in Karachi, Dr Christian Brecht, held farewell reception on Tuesday night to bid farewell to Dieter Freund, Consul and Deputy Head of Mission.
Published 14 Apr, 2011 12:00am
Punjab CNG stations' strike evokes mixed response

Punjab CNG stations' strike evokes mixed response

The partial strike of CNG stations was witnessed in twin cities - Rawalpindi and Islamabad - on the call of All Pakistan CNG Association (APCNGA). However, petrol pumps refused to observe strike and stayed open.
Published 14 Apr, 2011 12:00am
Swiss government donates 10 copters for relief operation

Swiss government donates 10 copters for relief operation

Swiss Charge d'Affaires Nicolas Plattner has disclosed that Swiss government has donated ten surplus Alouette-III helicopters (with spare parts and associated kits) to Pakistan for non-combat search and rescue missions as well as for humanitarian assistan
Published 14 Apr, 2011 12:00am
43rd death anniversary of Allama I I Kazi observed

43rd death anniversary of Allama I I Kazi observed

The 43rd death anniversary of great scholar and philosopher, Allama I. I. Kazi was observed in befitting manner at the University of Sindh, here on Wednesday. A Quran Khuwani was arranged at the Mausoleum of Allama I. I. Kazi and Elsa Kazi, which was atte
Published 14 Apr, 2011 12:00am
Non-payment of prize bond money: SHC issues notice to SBP

Non-payment of prize bond money: SHC issues notice to SBP

The Sindh High Court on Wednesday issued notice to State Bank of Pakistan authorities over non-payment of Rs 16 million to prize bond winner since 2002. Petitioner Nooruddin approached SHC, seeking action against SBP officials for not making payment of mo
Published 14 Apr, 2011 12:00am
Sprite launches 'Freshology' to beat the heat

Sprite launches 'Freshology' to beat the heat

Sprite has created a unique youth engagement platform, University of Freshology. The platform recognises youth problems in Pakistan, provides witty solutions to those problems, and promotes fresh thinking in students. Through the nation-wide activity prom
Published 14 Apr, 2011 12:00am
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