A former Taliban commander who switched sides and helped Nato-led forces take a troubled southern area in a major operation last year has been made local governor, officials said Tuesday.
A field of candidates who break the mould, two tight early battles and a yearning for a new face in the White House have electrified Europeans as the US election gathers pace.
French President Nicolas Sarkozy on Tuesday dropped a heavy hint he was preparing to marry Italian singer and former model Carla Bruni, but he avoided announcing a wedding date.
New Hampshire voters headed to the polls to choose candidates for US president on Tuesday, with Hillary Clinton fighting to keep her once high-flying Democratic campaign alive against rival Barack Obama's surge.
Four key advisers to Bangladesh's army-backed interim government resigned on Tuesday, but it was not immediately clear why they were leaving. A government spokesman confirmed reports of the departure of the four, whose rank is equivalent to cabinet minist
Suspected Tamil Tiger rebels killed a Sri Lankan minister with a roadside bomb north of the capital on Tuesday, officials said, the second MP killed in a week as a protracted civil war escalates.
Sterling rose to one-week highs against a trade-weighted currency basket on Tuesday, after stronger than expected UK housing data dampened minority expectations for an interest rate cut this week.
The Australian dollar rose thanks to strong data and record gold prices on Tuesday, dragging down the Japanese yen, a popular source of cheap funding for investments in high-yielders like the Aussie.
The rupee strengthened on Tuesday but its advance was blocked by the central bank as the Indian unit appeared on course to breach a decade high on steady investment flows, dealers said. The partially convertible rupee ended at 39.265/275 per dollar, stron
US stocks traded lower on Tuesday, after rumours of more financial problems at Countrywide Financial Corp, the largest US mortgage lender, sent housing-related shares down sharply, extinguishing a rally on Wall Street.
European credit spreads clawed back some of the past week's sharp losses on Tuesday, but volumes were light and the focus held on recession fears and the primary market with new triple-A issuers braving the market.
European credit spreads clawed back some of the past week's sharp losses on Tuesday, but volumes were light and the focus held on recession fears and the primary market with new triple-A issuers braving the market.
Asian bonds steadied on Tuesday, halting recent steep losses as regional stock markets improved, and investors were watching out for potential new issues from Indonesia and others to gauge risk appetite in the new year.
Asian bonds steadied on Tuesday, halting recent steep losses as regional stock markets improved, and investors were watching out for potential new issues from Indonesia and others to gauge risk appetite in the new year.
Singapore share prices closed 0.44 percent lower on Tuesday, as investors locked in profits due to worries about the health of the US economy, dealers said. The Straits Times Index fell 14.79 points to 3,338.27 on volume of 1.88 billion shares worth 1.94
Chinese shares fell for the first time in four days on Tuesday as most stocks were hit by profit-taking, but banks rose on the back of better-than-expected earnings at Merchants Bank. The Shanghai Composite Index hit an intra-day high of 5,480.070 points
Britain's top share index edged higher on Tuesday as investors took shelter from economic uncertainty in defensive pharmaceutical stocks while rising metal prices, including a record in gold, lifted miners.
Funds and speculators piled into sugar, coffee and cocoa on Tuesday as investors re-weighted their holdings of commodity indices, sending white sugar futures to seven-month highs and cocoa to five-month peaks.
Oil prices rose more than $1 on Tuesday on threats of violence in Nigeria's oil region and worries over tight inventories in the United States, the world's biggest energy consumer. The surge came alongside a broad advance across the commodities markets, w
India's oilmeal exports grew 8 percent in December to 676,452 tonnes, compared with 626,675 tonnes in the same month in 2006, mainly on higher soymeal and groundnut meal exports, a leading trade body said on Tuesday.
Investors disillusioned by sluggish US stocks and bonds look set this year to boost their exposure to commodities even more than they did in 2007, when money in the sector swelled by about 20 percent.
World top cocoa grower Ivory Coast is on track to meet a US-imposed July 1 deadline to certify its cocoa beans as produced free of the worst forms of child labour, US government officials said on Tuesday.
Copper rose more than 3 percent in London on Tuesday as investors in commodities indexes bought the metal and buyers hoped strong Chinese demand would persist, analysts said.
Gold surged to a record high above $876 per ounce on Tuesday as investors poured into the market, confident of further upside in the metal with support from a weaker dollar and firm oil. Spot gold sprinted to a record $876.40 an ounce, surpassing the hist
Chicago Board of Trade corn and soyabean futures soared early on Tuesday, with corn lifted to an 11-year high by USDA's confirmation of fresh export sales of more than 600,000 tonnes of the grain in the past day, traders said.
ICE arabica coffee futures rallied in early trade on Tuesday, following a bullish government report on Brazil's upcoming crop, while US cocoa also moved into positive territory amid follow-through support, traders said.
Raw sugar futures climbed to a yearly high early on Tuesday as an active options market pushed prices higher, extending a rally that began in early December, brokers said. ICE Futures electronic March sugar was up 0.20 cent at 11.57 cents per lb at 9:23 a
US wheat futures were mostly higher at midsession on Tuesday, rebounding from sharp declines on Monday as corn, soybeans and crude oil rallied, traders said. The wheat market shrugged off bearish news that Egypt cancelled a snap tender due to high prices.
US copper futures climbed to their highest level since mid-November in morning business on Tuesday, with broader sector strength underpinning the industrial metal's early advance, traders said.
US gold futures scaled a record high above $875 in heavy trade on Tuesday, fuelled by robust buying by funds, surging crude oil prices and a drop in the dollar amid a broad commodity rally.
Unusual increase in the prices of essential commodities and items are not very new in the absence of proper check and balance by the concerned authorities.
One cannot help but endorse and appreciate the decision of the government not to issue visas to the Commonwealth observers for coming to Pakistan to oversee the conduct of the general election in the country as quite timely and wise.
Already considered one of the best countries for raising children, Sweden aims to improve its record by offering more classes to help mums and dads improve their parenting skills. The Scandinavian country now gives all parents of new-borns the opportunity
Apart from a scaling up of the country's political tension, uncertainty, and an impatient mood for confrontation there are other reasons to be worried about as the New Year begins. The year 2008 has not begun well in so many ways. And if there are any dou
The Two-Gap Model suggests that the Poor countries have to rely on the foreign capital inflows (FCI) to fill the two Gaps: Import-Export Gap and the Savings-Investment Gap. There are many forms of the foreign capital inflows like FDI (Foreign Direct Inves
Sharply underscored by a lingering mismatch of perceptions, the Pak-US relationship experiences periodic bouts of accusations and counter-accusations. The latest bout happened over the weekend in the wake of Benazir Bhutto's assassination when at a meetin
Wheat crisis appears to be deepening in Pakistan. According to a Recorder Report, wheat hoarding by millers and meagre supply of the commodity have pushed up its price by Rs 3000 to the historic peak of Rs 21000 per ton. A bag of 100-kilograms pric
The Technical Education and Vocational Training Authority (Tevta) has planned to launch vocational and skill training program for prisoners across Sindh, which is likely to be implemented from the current month of January, 2008. Officials at Tevta told <i
The Caretaker Sindh Chief Minister former Justice Abdul Qadir Halepoto has directed the Sindh Police and other law enforcing agencies to adopt fool proof security measures during the Muharram-ul-Harram and also to ensure forthcoming general elections in p
Oath taking ceremony of Justice Azizullah Memon of High Court will be held at 1.30 pm on January 9 (Wednesday) in front of Judges Library High Court of Sindh Karachi. Mr Justice Mohammad Afzal Soomro, Chief Justice of Sindh High Court will administrator t
Punjab Seed Corporation (PSC) will market on commercial basis the two new hybrid varieties of maize seeds this year, which the corporation had developed. These two new varieties are called FH-421 and FH-810, which were sown on 1000 acres of land last year
Following countrywide power shortage, the Water and Power Regulatory Authority (Wapda) has reduced its supply to Karachi to 300 MW, making the power crisis of the city more severe.
The NWFP Caretaker Chief Minister Shams-ul-Mulk has directed for the early repair and rehabilitation of districts and provincial roads in the province. However, the process of implementation should be strictly followed by effective monitoring and supervis
A meeting of central Ruet-e-Hilal committee for the sighting of the moon of Muharram-ul-Haram 1429 A.H is scheduled be held on Wednesday. Chairman Rute-e-Hilal Committee Mufti Muneebur Rehman will chair the meeting at religious ministry. Other member of t
The Rawalpindi Traffic Police (RTP) have recovered Rs 59 million as challan fee during 2007 from 261,222 vehicle owners for violating traffic rules, said Rawalpindi Chief Traffic Officer (CTO) Sabir Ahmed here on Tuesday.
Widespread rains in Azad Kashmir, Northern Areas, NWFP, Punjab and Balochistan have saved wheat crop in the water-deficient arid zones and brightened prospects of a good wheat crop this season. Meteorological department reported on Tuesday rain/thundersto
Environment degradation and consequential high burden of diseases is costing Pakistan at least 6 percent of GDP or about Rs 365 billion ($6 billion) annually, a World Bank Report disclosed that environmental degradation is threatening to undermine Pakista
More than 0.1 million tons wheat would reach Karachi on Thursday, which would help in overcoming the current shortage, as provinces would get additional supplies. According to official sources, three ships with 50,000 tons, 25,000 tons and 38,000 tons whe
Foreign Office Spokesman Muhammad Sadiq has said that Pak-US relations are not confined to war on terror as they cover many areas in mutual interests of both countries.
Mohammad Azhar Akhtar has been elected Chairman of Rice Exporters Association of Pakistan (Reap) for the next term. According to a press release, in the elections held here on Saturday Abdul Baseer and Mian Haroon Rashid elected Vice-Chairman and Treasure
Ministry of Food, Agriculture and Livestock (Minfal) has admitted that the agriculture sector is facing a number of challenges, which included narrowing yield gaps, improving technical know-how, undertaking effective market reforms and strengthening resea
Zaheer Ahmed Khan, sub-editor, and two other non-editorial staffers of daily Dawn, Fazal Mehmood (office assistant), and Wazir Ahmed (driver), were deprived of their mobile phones and cash at Natha Khan Goth Chowrangi.
Sadar Division police have busted a gang of criminals involved in a number of incidents of dacoity and robbery. Police arrested its four members and seized looted property worth rupees 10 million as well as illegal weapons from them.
District Nazim Badin Ali Anwar Halepota has expressed dissatisfaction over the law and order situation in the district and held police responsible for it.
Passengers using 154-kilometer six-lane M-1 Islamabad-Peshawar Motorway have demanded of public transport companies to facilitate them by introducing adequate transport facility on it. M-1, one of the ambitious project in the country was opened for all ki
A total of 49 private companies of NWFP has taken benefit of the Company Easy Exit Scheme (CEES), 2007 launched by the Security and Exchange Commission of Pakistan (SECP) for de-registration of the companies from the record of the Commission in the countr
Sialkot district administration has established 16 sale points for ensuring smooth availability of Atta for the consumers in Sialkot district disclosed District Co-ordination Officer (DCO) Sialkot Captain Atta Muhammad (Retd).
Demanding a survey and compensation, the victims of the December 27 violence in Karachi on Tuesday claimed that they were targeted because of their ethno-linguistic background. "I openly say that we were attacked and looted because we are Mohajirs (those
Cold weather would continue to persist for two to three days more, and once the south-westerly winds take over from the north-easterly winds, there would be some increase in the atmospheric temperature, said Karachi Met Office on Tuesday.
The newly appointed Punjab University vice-chancellor Professor Dr Mujahid Kamran has appointed Dr Muhammad Saeed Shahid, Institute of Education and Research (IER), as Chairman of Elementary Education department.
According to new schedule issued by Allama Iqbal Open University (AIOU), the final examinations for Semester spring 2007 would be started from Thursday. The final examinations of AIOU from Matric to Ph.D level for the said Semester were postponed due to L
Pakistan Coast Guards (PCG) has taken into custody 39 Afghan nationals in connection with illegal border crossing from Coastal Highway. This was announced in a PCG statement issued here on Tuesday.
After ata and other eatables, shortage of beef in the city is likely to take place if strict check on smuggling of cattle from across the border continue to remain in place, beef exporter said on Tuesday.
Pakistan's first two-day global telecommunication congress (TeleCON 2008), with a special emphasis on challenges and opportunities in the new era of digitalised and wireless environment, will be held on April 12 and 13 at a local hotel.
In June 1999, a customer placed Rs 4.5 million for 5 years with the bank upon written undertaking by two officers that he would receive Rs 9 million upon maturity, says a press release.
Pakistan Postal Department has increased the fee charges of money order and VP parcel due to which people are dismayed. According to new schedule, up to Rs 10,000 the money order fee was being charged Rs 50 and above it Rs 100, due to which the employees
PML-N leader Muhammad Nasir Iqbal Khan has said here on Tuesday that the negative politics promoted by the PML-Q leaders would not bring forth any good result for their party. He also said the PML-Q leaders, particularly Chaudhry Pervaiz Elahi, must be ca
PML-N General Secretary Lahore and candidate for PP 141 Mian Mujtaba Shuja-ur-Rehamn has said that in the forthcoming elections, people would reject those who have brought the country to the brink of disaster.
Pakistan Muslim League-Nawaz (PML-N) Vice President Punjab Rana Mashood Ahmed Khan has said that freedom of judiciary was vital for economic progress and development of the country, and only free and fair elections was the answer to our problems.
Pakistan Muslim League-Nawaz (PML-N)'s central finance secretary Muhammad Pervaiz Malik has said that the country's survival exists in democracy and present instability is due to lack of democratic institution. Addressing a party function here on Tuesday,
A four-member delegation of the European Union Election Observation Mission called on Pakistan Muslim League-N quaid, Nawaz Sharif at his residence here on Tuesday and discussed matters pertaining to forthcoming general elections in the country.
The Pakistan Credit Rating Agency (Pacra) has assigned a rating of "AA-"(Double A minus) to the proposed secured Term Finance Certificate (TFC) issue of Rs 3,000 million by Worldcall Telecom Limited (WTL).
The Pakistan Credit Rating Agency (Pacra) has assigned a rating of "AA-"(Double A minus) to the proposed secured Term Finance Certificate (TFC) issue of Rs 3,000 million by Worldcall Telecom Limited (WTL).
Forty-two shops were burnt down in a fire in an electronics market situated at Abdullah Haroon Road in Saddar late on Monday night resulting in losses of millions of rupees to the shop owners, eyewitnesses and Fire Brigade officials said on Tuesday. The f
The political authorities of Khyber Agency seized 4.5-kilogram of fine quality heroin from a handcart vendor concealed in washing powder bags at Torkham, Pak-Afghan border, an official said on Tuesday.
JCR-VIS Credit Rating Company Ltd has reaffirmed the fund stability rating of Pak Oman Advantage Fund (POAF) at 'AA-(f) (Double A minus (f)). POAF aims to provide returns from a portfolio of fixed income securities that carry minimal credit, liquidity and
JCR-VIS Credit Rating Company Ltd has reaffirmed the fund stability rating of Pak Oman Advantage Fund (POAF) at 'AA-(f) (Double A minus (f)). POAF aims to provide returns from a portfolio of fixed income securities that carry minimal credit, liquidity and
The sword of Damocles continues to hang on citrus and mango exports to Russian Federation. Both products have been specified in the high-risk phytosanitary groups under the agreed mutually co-operative procedures for pre-shipment monitoring of quarantine
At least eight shops were destroyed in a bomb explosion took place near Shall Bandi Sharif bazar in the jurisdiction of Dagar police station, Swat district. According to police sources, some unknown persons planted a bomb in a ladies Shopping Centre, whic
Cold wave conditions persist in most parts of the country, which is expected to continue with increased fog and cold during the next 24 hours. The lowest temperature of one degree centigrade was recorded in some parts of Southern Punjab, Meteorological De
The Punjab government has banned the entry of 45 religious Ulema to Multan district and gagged the 50 clerics to maintain law and order during Muharram.
Peshawar High Court Bar Association (PHCBA) and Peshawar District Bar Association (PDBA) here on Monday announced three days province-wide strike from Friday against what they say the prolong detention of their central leadership.
Caretaker Minister for Religious Affairs, Khawja Attaullah Taunsa Sharif on Tuesday said that more than 60,000 pilgrims have returned from Saudi Arabia after performing Hajj and the rest will be back to home by January 25, 2008.
The government has declared 35 districts as sensitive and taken all the precautionary measures to maintain law and order situation during Muharram in the districts.
The proposal with regard to 10 percent increase in the seats of minorities' members in Senate has been forwarded to the Election Commission. This was stated by Amar Lal, Advisor to Prime Minister on Minorities' Affairs on Tuesday while talking to APP.
A three-member bench of the Supreme Court on Tuesday adjourned the hearing of bail applications submitted by Nadeem Anwar and Javed Iqbal Qureshi in Islamic Investment Bank Limited (IIBL) fraud case after accepting the request made by the counsel of one o
Archaeological and Historical Association of Pakistan (AHAP) arranged a condolence meeting in memory of the prominent artist Gulgee here on Tuesday. Dr Ghazanfar Mehdi Chairman (AHAP), presiding over the meeting said, the beautiful calligraphy of Gulgee m
Warid Telecom has crossed the 10 million subscribers mark in the country. The company has invested over $150 million (Shs255 billion) into its operations and plans to take its total investment in network, services delivery and manpower to over $400 millio
Like other parts of the country the people of Rawalpindi city and surrounding areas are also facing the worst kind of Atta shortage. During a survey not a single bag of 20-kg Atta was found in Sadiqabad, Muslim Town and the suburb areas which is an ample
Chairman of Islamic Ideology Council of Pakistan Dr Khalid Masood said that the religious scholars and Ulema from all schools of thought should play their active role to mark the holy month of Muharramul Haram peacefully and befitting manner.
The Scotland Yard (SY) team probing the assassination of Benazir Bhutto was independently doing its job and the government had no objection if the team wanted to meet PPP leaders and conduct the autopsy of slain former prime minister.
A powerful tribal chief on Tuesday warned al Qaeda-linked militants to leave Wana after the death of eight members of his clan supporting peace efforts in the troubled region. Maulavi Nazir, who drove out hundreds of Uzbek fighters in a bloody battle last
The Federal Board of Revenue (FBR) has asked all the employees to get registered with the 'electronic security system' of the board before January 14, in view of the prevailing law and order situation in the country.
Four leading Polyester Staple Fiber (PSF) manufacturers have been directed by the Competition Commission of Pakistan (CCP) to file undertaking/affidavits that they have not fixed parallel pricing.
The Securities and Exchange Commission of Pakistan (SECP) has registered 836 companies including eight foreign entities during the last quarter (October-December) 2007-2008. According to an SECP announcement on Tuesday, a total of 4,841 companies have bee