Habib Bank Limited (HBL) had started commercial operations on August 25, 1941 with its first branch in Bombay. HBL had opened its office in Karachi in 1943 and it became the first commercial bank of Pakistan, when in 1947 it shifted its head office to Kar
Habib Bank Limited (HBL) had started commercial operations on August 25, 1941 with its first branch in Bombay. HBL had opened its office in Karachi in 1943 and it became the first commercial bank of Pakistan, when in 1947 it shifted its head office to Kar
Gwadar City: Gwadar is a coastal town located in the province of Balochistan in Pakistan. The Town is the capital of its surrounding district that is also named Gwadar. By virtue of its location, development projects, recreational potential
It should be payback time for the Japanese salaryman, the overworked cog in the nation's well-oiled capitalist machine. With many companies enjoying bumper profits as the economy awakens from a decade-long slumber, Japan's army of loyal workers might have
Germany's HeidelbergCement said on Sunday it will set up a 2 million tonnes a year cement plant in western India to tap rising demand in the world's second-largest cement producing market. Heidelberg, the world's fourth-largest cement maker, said in a sta
The German government now expects the economy to grow by at least 1.9 percent this year, up from a previous forecast for 1.7 percent, Labour Minister Franz Muentefering told a German newspaper.
The value of United Arab Emirates' crude oil exports rose 11.3 percent in 2006 to a record 178 billion dirhams ($48.5 billion), economy ministry data showed on Sunday. The average price of UAE crudes climbed 21.5 percent to $65 per barrel, compared with $
Mixed signals on the US economy have put the Federal Reserve in a quandary as it tries to steer monetary policy amid fresh inflation concerns but also a slumping housing market, analysts say. The central bank's Federal Open Market Committee headed by Ben
France has cut its social security deficit to 8.7 billion euros ($11.59 billion) compared with an initial target of 9.8 billion euros, health minister Xavier Bertrand said in a newspaper interview on Sunday. "Since 2004, the shortfall has been cut by 25 p
UAE-based Emaar Properties, the largest Arab real-estate developer by market value, said on Sunday it agreed to swap 2.364 billion of new shares for land with a firm owned by the ruler of Dubai. Emaar and Dubai Holding, in a joint statement, did not give
UAE-based Emaar Properties, the largest Arab real-estate developer by market value, said on Sunday it agreed to swap 2.364 billion of new shares for land with a firm owned by the ruler of Dubai. Emaar and Dubai Holding, in a joint statement, did not give
Alan Greenspan is causing more of a stir in retirement than he did as Fed chairman, shocking many investors with a radical make-over: irrepressible optimist turned curmudgeonly bear. Once the darling of Wall Street, many of his old buddies are now souring
Zimbabwe's economic collapse is likely to accelerate with inflation topping 5,000 percent by year-end as President Robert Mugabe's government loses control of a crisis already rippling across Africa, a senior IMF official said on Sunday.
Coal, the dominant fuel for electric power in the US, China and elsewhere, faces an uncertain future amid growing concerns about global warming and a race for new ways to curb emissions.
Malaysia will not set a timeframe to conclude a free trade deal with the United States, deputy prime minister Najib Razak said Sunday. "Malaysia is not tied down to any fixed timeframe. We will study thoroughly every issue being negotiated (before decidin
Latin American countries have become less vulnerable than in the past to global slowdowns after strengthening public finances, reducing debt and building reserves, an IMF official said on Saturday. "The region as a whole has improved ... reduced considera
Former champions Pakistan were eliminated from the World Cup when they lost an enthralling Group D match against part-timers Ireland by three wickets at Sabina Park on Saturday. The defeat of the 1992 champions by the debutants is one of the biggest shock
Furious Indian cricket fans stormed the home of national wicketkeeper Mahendra Singh Dhoni Sunday to protest a five-wicket rout by Bangladesh in their opening World Cup match, police said.
Bangladesh produced one of the biggest shocks in the World Cup with a five-wicket victory over India in a Group B game on Saturday. The unfancied team bowled out India's formidable line-up for 191 on a good batting pitch - their lowest one-day total again
Former Pakistan captain Imran Khan has called for a complete overhaul of the national team in the wake of the shock World Cup defeat to Ireland on Saturday that sent them crashing out of the tournament. "It is time to have new leadership for the Pakistan
The Pakistan Cricket Board promised to restructure the game on Sunday after the team's shock World Cup exit. "I am deeply disturbed and disappointed like the rest of the nation over this performance," Dr Nasim Ashraf, chairman of the board, said.
Captain Inzamam-ul-Haq and coach Bob Woolmer have refused to speculate about their future, after Pakistan crashed out of the World Cup following a stunning defeat to Ireland. Pakistan conceded their second straight defeat in the competition, after they lo
Angry Pakistani cricket fans took to the streets in protest and burned effigies of players on Sunday, hours after the side's shock defeat to Ireland in the Caribbean put the 1992 champions out of the World Cup.
Finland's Kimi Raikkonen made a triumphant start to his Ferrari career with a pole-to-flag victory in the season-opening Australian Grand Prix on Sunday. The 27-year-old, stepping into the seat vacated by the retired Michael Schumacher at the Italian Form
Ireland's three-wicket win over Pakistan in the World Cup on Saturday was the biggest shock of the tournament so far and takes its place among the greatest surprises in the history of the competition. Here are five upsets from previous editions:
1979:
A large number of cricket fans on Sunday staged a demonstration at Kalima chowk against the Pakistani cricket team after its shocking defeat in World Cup on Saturday after Ireland's part-timers bowled them out for just 132 after 45.3 overs in a crucial Gr
Many species of waterbird are in decline because of a loss of wetland habitats and governments need to do more to protect "flyway" migration routes, an international study said on March 12.
People in stressful jobs show a rise in their average blood pressure over one year if they have a poor relationship with their spouse, a new study shows. Conversely, people experiencing job strain who have good marital relationships saw their blood pressu
PAKISTAN Medical Association at a recently concluded seminar on medical ethics stressed upon the medical fraternity to look into the weaknesses in the health delivery system and malpractice in the profession.
Potable water being supplied to 23 major cities of the country including Karachi is contaminated with bacteria, said experts speaking at a seminar here on 15 March.
DUNGUE fever, a serious viral disease transmitted by the bite of the mosquito Aedes aegypti is back in Pakistan with a vengeance. Known to health experts for more than 200 years, the Dengue virus has now become a health issue of epic proportions all acros
A hormone that regulates blood pressure has been shown to reduce lung cancer tumours in mice and may provide a new way to treat this type of malignancy, a study released on March 15 said.
Children whose parents enjoyed a long life, living well into their 80s, seem to have healthier hearts in middle age compared with children whose parents did not live this long. Moreover, the heart advantage persists over time, which should help them follo
A review of published studies shows a clear and consistent relationship between drinking sugary (non-diet) soft drinks and poor nutrition, increased risk for obesity - and increased risk for diabetes.
A mother whose child has a naturally fearful temperament may act less nurturing toward the child, triggering a vicious cycle of behaviour that reinforces the child's fearfulness and shyness, researchers propose.
One of India's top engineering schools has restricted Internet access in its hostels, saying addiction to surfing, gaming and blogging was affecting students' performance, making them reclusive and even suicidal.
Disney announced on March 13 that it will launch a website for parents interested in sharing stories and finding answers to questions from potty training to sending children to college.
EU telecoms ministers on March 15 reached broad agreement on trimming the high cost of using mobile phones abroad, raising hopes for a "roaming fees" deal to be sealed by the end of June.
The Internet's key site identity system is in mounting danger from new techniques that could cause havoc by turning it into a free-for-all market, the World Intellectual Property Organisation (WIPO) warned on March 12.
Russia is looking to the computer and telecommunications sectors to curb its reliance on exports of its vast oil and gas resources, Deputy Prime Minister Sergei Naryshkin said here on March 14.
Microsoft announced on March 14 that it will buy Tellme Networks with an eye toward using the firm's technology to enable people to search the Internet by speaking instead of typing. "Speech is universal, simple and holds incredible promise as a key inter
China will tighten controls on Internet blogs and webcasts in a response to new technologies that have allowed cyber citizens to avoid government censorship efforts, state press reported on March 13.
Governments and private operators should make greater use of the Internet to promote Asia-Pacific tourism, the United Nations said on March 13, as the industry gathered for its first regional e-tourism conference.
The world's biggest high-tech fair opens its doors on March 15 showcasing the must-have computer, telecommunications and consumer electronics products of the future.
Cisco Systems Inc and International Business Machines Corp said on March 12 they will combine technical support services for mutual customers, highlighting increasingly close ties between the network equipment maker and computer services company.
For-profit education provider Apollo Group said on Wednesday that it paid 15 million dollars for Insight Schools, the online high school provider it bought in January.
Motorola Inc said on March 13, it had made an equity investment in privately held Amimon Inc, a developer of semiconductor technology for wireless transmission of high-definition video.
Samsung Electronics, the world's top memory chipmaker, said on March 12 it has developed the industry's first eight-gigabyte flash memory card for mobile handsets.
Microsoft Corp reached an agreement with Lenovo Group Ltd to pre-load Lenovo computers with a toolbar of Microsoft's Windows Live online services including Web search, the two companies said on March 13.
Indonesia plans to tackle Internet crime by tightening the supervision of web surfers, an official said on March 13. "The aim is to minimise the misuse of the Internet, including for criminal activities," Gatot Dewa Broto, a spokesman for the country's te
Mihir Doshi, the veteran banker overseeing the relaunch of Credit Suisse's brokerage business in India, does not plan a headlong rush into a market where costs are rising and fees are under pressure. "It takes time," the 45-year-old Doshi said in an inter
Deutsche Boerse, operator of the Frankfurt stock exchange, wants to expand its presence in Asia via another cooperation agreement in China, with the stock exchange of Tianjin, the business daily Handelsblatt reported on March 14.
Societe Generale (SocGen) aims to open a large number of branches in China and find a strategic partner to help it expand into the retail market, the French bank's China head, Marc Poirier, said on March 15.
Former Federal Reserve Chairman Alan Greenspan said on March 15 that there was a risk that rising defaults in subprime mortgage markets could spill over into other economic sectors.
Wal-Mart Stores Inc said on March 16 that it has withdrawn its request to open a specialty bank after immense opposition from politicians, consumer groups and community banks hampered its application with US bank regulators.
Citigroup is reorganising its hedge fund services by offering equity, fixed income, currency trading and other services through one prime brokerage business unit, according to a March 15 internal memo obtained by Reuters.
Citigroup is reorganising its hedge fund services by offering equity, fixed income, currency trading and other services through one prime brokerage business unit, according to a March 15 internal memo obtained by Reuters.
Drug-store chain CVS Corp won the battle to buy Caremark Rx Inc on March 16, as the pharmacy benefit manager's shareholders approved the $24 billion deal, thwarting a higher bid from Caremark rival Express Scripts Inc.
Drug-store chain CVS Corp won the battle to buy Caremark Rx Inc on March 16, as the pharmacy benefit manager's shareholders approved the $24 billion deal, thwarting a higher bid from Caremark rival Express Scripts Inc.
BMW, the world's largest premium carmaker, expects record vehicle sales and greater efficiency to help boost its pretax profit in 2007 beyond last year's underlying result, it said on March 14.
BMW, the world's largest premium carmaker, expects record vehicle sales and greater efficiency to help boost its pretax profit in 2007 beyond last year's underlying result, it said on March 14.
Indian companies that flocked to the equity markets to fund growth during the three-year bull run will increasingly raise debt in order to leverage strong balance sheets and finance buyouts, a top Citigroup banker said.
Indian companies that flocked to the equity markets to fund growth during the three-year bull run will increasingly raise debt in order to leverage strong balance sheets and finance buyouts, a top Citigroup banker said.
American Airlines, a unit of AMR Corp, said it had shifted its Asia-Pacific call centre operations to India from Australia. American said Indian aviation technology firm Bird Information Systems Pvt. Ltd would provide call centre services from its office
Toyota Motor Corp is not afraid that its rapid growth in the face of massive layoffs at the Big Three US automakers will touch off a backlash, the Japanese automaker's North American president said on March 13.
Toyota Motor Corp is not afraid that its rapid growth in the face of massive layoffs at the Big Three US automakers will touch off a backlash, the Japanese automaker's North American president said on March 13.
Hong Kong share prices face another round of volatile trade next week on persistent concerns about problems in the US housing market and ahead of a US central bank meeting, dealers said Friday.
Australian share prices are expected to face another volatile week after the market slumped and surged in line with global bourses on jitters about the US economy, dealers said on Friday.
Taiwan share prices are expected to face some pressure next week, with strong resistance at the key 7,800 points level amid concerns over movements on Wall Street and regional markets, dealers said.
Malaysian share prices are expected to be choppy next week as anxiety remains over the uncertainties in the outlook of the regional markets, analysts said Friday.
Indian shares are likely to fall further next week with investors unwilling to build up fresh positions as global market indicators remained weak, dealers said. The markets were sharply volatile this week and the benchmark 30-share Sensex closed below the
Wall Street looks to the Federal Reserve meeting in the coming week for reassuring words about the economy as the market tries to shake off its latest turbulence and fears about a downturn. As skittishness grew about a mushrooming crisis in the US housing
Thai stocks are likely to fall next week amid growing worries over a slump in export growth as the baht continues to hit new nine-year highs against the dollar, analysts said Friday.
Singapore share prices are expected to trade sluggishly in the week ahead with investor concerns over the US economy set to be the dominating theme, dealers said.
The British stock market will seek firmer ground next week following recent volatile trade, with finance minister Gordon Brown revealing what is expected to be his final annual budget before parliament.
Worries about the US economy are likely to cast a cloud over Japanese share prices next week but even so some dealers said Friday they are optimistic that the market may have found a bottom for now.
Sri Lanka's navy sank two large ships on Sunday it said were transporting arms for Tamil Tiger rebels and the blazing vessels and the crew disappeared under the waves after a series of explosions.
Yemen said on Sunday seven soldiers and at least 25 rebels had been killed in clashes in the past two days, despite calls on the rebels to put down their weapons after six weeks of fighting. A government official said the troops were killed in battles wit
Gunmen killed three Muslim schoolboys and three Buddhist villagers in separate attacks in Thailand's rebellious Muslim south, officials said on Sunday. The boys were shot dead late on Saturday at an Islamic boarding school in Saba Yoi in southern Songkhla
Two earthquakes hit eastern Indonesian regions on Sunday, but there were no reports of casualties or damage, a meteorological official said. A moderate earthquake measuring 5.4 on the Richter scale struck Papua province at 11:24 am (0224 GMT), said an off
Israeli and visiting US forces are holding a biennial air-defence exercise this month but on a reduced scale, partly out of reluctance to stoke tensions with Iran, Israeli security sources said on Sunday.
Over 100 lawmakers walked out of Egypt's parliament on Sunday to protest government moves to push through constitutional laws that opponents fear will entrench the ruling party's grip on power.
Commonwealth Secretary-General Don McKinnon was preparing to travel this week to Bangladesh to discuss the current political deadlock and possible aid for elections, his office said Sunday.
Civil defence authorities in New Zealand have activated an emergency response plan after the volcanic crater lake at Mt. Ruapehu burst its banks sending a mudflow down the mountain, Australian media reported on Sunday.
Indian Maoist rebels, suspected of killing 55 police in an attack last week, on Sunday called for a strike across four eastern Indian states to protest the police shooting 14 villagers.
With a string of British TV channels embroiled in a scandal over phone-in shows, BBC boss Mark Thompson said on Sunday it was vital to rebuild public trust in interactive programmes.
Global warming, blamed for melting polar bears' icy Arctic habitat, could be a boon to the shipping and oil industries in the far north, according to a new US report.
The United States and Israel on Sunday agreed to keep a ban on financial aid to the new Palestinian government but a rift emerged over Washington's willingness to ease a year-old diplomatic blockade.
