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Apr 18, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-02-01
Canadian bonds end mixed

Canadian bonds end mixed

The Canadian bond prices ended mixed on Friday with gains coming on the long end of the curve alongside the rally in the bigger US Treasury market after a report there showed the US economy shrank at its fastest pace in nearly 27 years. But the retreat wa
Published 01 Feb, 2009 12:00am
Toronto stocks end week in broad-based decline

Toronto stocks end week in broad-based decline

Toronto's main stock index fell on Friday in broad-based weakness, as economic worries weighed on most sectors after government data showed worsening conditions in both Canada and the United States. The Canadian economy shrank more than expected in Novemb
Published 01 Feb, 2009 12:00am
Chile stocks fall

Chile stocks fall

Chilean stocks closed weaker for a second day on Friday, following external markets on concerns a US plan to relieve banks of money-losing assets might be delayed, while the peso weakened against the dollar. Chile's blue chip IPSA index ended down 0.58 pe
Published 01 Feb, 2009 12:00am
Inflation eases Considerably

Inflation eases Considerably

The SPI inflation has eased considerably during the last three months as it declined from 29.41 percent on November 27 to 22.56 percent on January 27, according to Federal Bureau of Statistics. Federal Bureau of Statistics figures show a continuous declin
Published 01 Feb, 2009 12:00am
Bomb kills three soldiers

Bomb kills three soldiers

A roadside bomb hit a Pakistani army convoy near a Taliban stronghold, killing three soldiers and wounding another six, the army said Saturday. Assailants detonated the bomb on Friday evening as the convoy rolled through a village near the Swat valley, an
Published 01 Feb, 2009 12:00am
Bomb kills three soldiers

Bomb kills three soldiers

A roadside bomb hit a Pakistani army convoy near a Taliban stronghold, killing three soldiers and wounding another six, the army said Saturday. Assailants detonated the bomb on Friday evening as the convoy rolled through a village near the Swat valley, an
Published 01 Feb, 2009 12:00am
'Iran will have to pay penalty if it defaults in gas supply'

'Iran will have to pay penalty if it defaults in gas supply'

Iran will have to pay penalty if it defaults in gas supply to Pakistan under Iran-Pakistan-India (IPI) gas pipeline project, Inter-State Gas System Managing Director Syed Hassan Nawab stated this while speaking at Oil and Gas Forum, here on Saturday.
Published 01 Feb, 2009 12:00am
'Iran will have to pay penalty if it defaults in gas supply'

'Iran will have to pay penalty if it defaults in gas supply'

Iran will have to pay penalty if it defaults in gas supply to Pakistan under Iran-Pakistan-India (IPI) gas pipeline project, Inter-State Gas System Managing Director Syed Hassan Nawab stated this while speaking at Oil and Gas Forum, here on Saturday.
Published 01 Feb, 2009 12:00am
''Iran will have to pay penalty if it defaults in gas supply''

''Iran will have to pay penalty if it defaults in gas supply''

Iran will have to pay penalty if it defaults in gas supply to Pakistan under Iran-Pakistan-India (IPI) gas pipeline project, Inter-State Gas System Managing Director Syed Hassan Nawab stated this while speaking at Oil and Gas Forum, here on Saturday.
Published 01 Feb, 2009 12:00am
Selection of cases for professionals' audit elaborated

Selection of cases for professionals' audit elaborated

Some of the parameters for selection of top doctors and medical practitioners for income tax audit included non-filing of wealth statement and inflated expenses against business income earned through private practice. Sources told Business Recorder </i
Published 01 Feb, 2009 12:00am
Selection of cases for professionals' audit elaborated

Selection of cases for professionals' audit elaborated

Some of the parameters for selection of top doctors and medical practitioners for income tax audit included non-filing of wealth statement and inflated expenses against business income earned through private practice. Sources told Business Recorder </i
Published 01 Feb, 2009 12:00am
Selection of cases for professionals'' audit elaborated

Selection of cases for professionals'' audit elaborated

Some of the parameters for selection of top doctors and medical practitioners for income tax audit included non-filing of wealth statement and inflated expenses against business income earned through private practice. Sources told Business Recorder </i
Published 01 Feb, 2009 12:00am
Iranian police kill 10 drug smugglers

Iranian police kill 10 drug smugglers

Police have killed 10 drugs smugglers in clashes in eastern Iran and seized more than 1,000 kgs of narcotics in the past three days, the official IRNA news agency reported on Saturday. It quoted the head of police in Khorasan Razavi province, which border
Published 01 Feb, 2009 12:00am
Iranian police kill 10 drug smugglers

Iranian police kill 10 drug smugglers

Police have killed 10 drugs smugglers in clashes in eastern Iran and seized more than 1,000 kgs of narcotics in the past three days, the official IRNA news agency reported on Saturday. It quoted the head of police in Khorasan Razavi province, which border
Published 01 Feb, 2009 12:00am
Obama's offer to talk shows US failure: Iran

Obama's offer to talk shows US failure: Iran

US President Barack Obama's offer to talk to Iran shows that America's policy of "domination" has failed, the government spokesman said on Saturday. "This request means Western ideology has become passive, that capitalist thought and the system of dominat
Published 01 Feb, 2009 12:00am
Obama's offer to talk shows US failure: Iran

Obama's offer to talk shows US failure: Iran

US President Barack Obama's offer to talk to Iran shows that America's policy of "domination" has failed, the government spokesman said on Saturday. "This request means Western ideology has become passive, that capitalist thought and the system of dominat
Published 01 Feb, 2009 12:00am
40 to 50 percent increase likely in revenue: minister

40 to 50 percent increase likely in revenue: minister

Federal Minister for Communication Arbab Muhammad Alamgir Khan Khalil said on Saturday that government has offered privatisation of 26 NHA toll plazas across the country through open auction to enhance revenue sources. The NHA has a total of 84 toll plaza
Published 01 Feb, 2009 12:00am
New strategies discussed to tackle pneumonia, meningitis

New strategies discussed to tackle pneumonia, meningitis

New strategies were discussed to tackle pneumonia and meningitis, including shorter antibiotic regimens and simple methods of treatment that can be implemented at home rather than in a hospital. According to a press release issued by Aga Khan University (
Published 01 Feb, 2009 12:00am
Postponement of elections: DGTO seeks action taken by FPCCI

Postponement of elections: DGTO seeks action taken by FPCCI

The Directorate-General of Trade Organisations, in a letter sent to the Secretary General, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked what action has been taken on his letter of January 26 regarding postponement of election
Published 01 Feb, 2009 12:00am
Khuhro for giving equal importance to rice growers

Khuhro for giving equal importance to rice growers

Sindh Assembly Speaker Nisar Ahmed Khuhro has said that the government wants to increase the country's exports to get more foreign exchange. Speaking at a reception for print and electronic media, organised by Rice Exporters Association of Pakistan (Reap)
Published 01 Feb, 2009 12:00am
Zardari appoints Faryal PPP women wing president

Zardari appoints Faryal PPP women wing president

The President, Asif Ali Zardari, in a simultaneous move to consolidate the party has appointed his sister, MNA Faryal Talpur as the Central President of the Women's Wing of Pakistan People's Party (PPP) as a well as the President of the party's Youth Wing
Published 01 Feb, 2009 12:00am
Sherry condemns assassination of PPP's vice President Lahore

Sherry condemns assassination of PPP's vice President Lahore

Minister for Information and Broadcasting, Sherry Rehman Saturday condemned the assassination of PPP Vice President Lahore, Malik Imtiaz Shahid. "As a colleague, I am deeply saddened on the gruesome murder of Malik Imtiaz Shahid. It was indeed a cowardly
Published 01 Feb, 2009 12:00am
Mobilink praised for launching MMO service

Mobilink praised for launching MMO service

The Chairman, Pakistan Telecommunications Authority (PTA), Dr Mohammad Yaseen has praised Mobilink for being the only operator to launch Mobile Money Order (MMO) service with the Pakistan Post Office. Speaking at the inauguration ceremony of Mobilink's Ca
Published 01 Feb, 2009 12:00am
Government reviewing CNG prices, says Asim

Government reviewing CNG prices, says Asim

Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain has informed the business community that oil prices will not be reduced on Sunday (today). Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Saturday,
Published 01 Feb, 2009 12:00am
'Struggle for reinstatement of judiciary as per commitment'

'Struggle for reinstatement of judiciary as per commitment'

Punjab Law Minister Sanaullah, talking to journalists of press gallery here on Saturday, said that the struggle for reinstatement for judiciary was as per commitment. Talking of Governor Salmaan Taseer he said what was left in Dubai they could be settling
Published 01 Feb, 2009 12:00am
Mukhtar urges people to support government

Mukhtar urges people to support government

Federal Minister for Defence Chaudhry Ahmad Mukhtar on Saturday urged all segments of society to support the government in its endeavours to overcome the economic, political and social problems being confronted by the country.
Published 01 Feb, 2009 12:00am
Rabbani denies differences between Centre and Punjab

Rabbani denies differences between Centre and Punjab

Leader of House in Senate Raza Rabbani said on Saturday that there are no major issues between the Federal and Punjab Governments that can affect their relationship. Talking to a private TV channel, he said PPP was part of the government in Punjab, and le
Published 01 Feb, 2009 12:00am
Telenor ready for new system of SIM issuance

Telenor ready for new system of SIM issuance

Telenor Pakistan has completed all preparations for implementation of verification based SIM activation regime. Chairman Pakistan Telecommunication Authority (PTA), Dr Mohammad Yaseen visited Telenor Pakistan's Call Center in Lahore on Friday to witness t
Published 01 Feb, 2009 12:00am
Criminology evening programme

Criminology evening programme

The Director Admissions Sindh University has announced on Saturday for already on roll students of M.Sc Previous Criminology (Evening Programme) to fill their admission forms and deposit admission fee for M.Sc (Final) up to February, 14, 2009.
Published 01 Feb, 2009 12:00am
Last date for admissions

Last date for admissions

The Director Admissions Sindh University has announced that last date for admissions to Postgraduate Diploma in Computer Science and Postgraduate Diploma in Public Administration has been fixed as February 5, 2009.
Published 01 Feb, 2009 12:00am
Wall Street's multi-year losses may hit $70 billion: mayor

Wall Street's multi-year losses may hit $70 billion: mayor

Wall Street's losses may eventually total $60 billion to $70 billion, including the $47 billion that securities firms have lost in the last two years, New York Mayor Michael Bloomberg said on Friday. As many as 46,000 financial workers may lose their jobs
Published 01 Feb, 2009 12:00am
Khatami to run in Iran polls if former Prime Minister stays out

Khatami to run in Iran polls if former Prime Minister stays out

Iran's former pro-reform president Mohammad Khatami said he would run in the June presidential election if ex-premier Mir Hossein Mousavi does not stand, the ISNA news agency reported on Saturday. "As Mousavi has not yet reached a decision ... if he does
Published 01 Feb, 2009 12:00am
Most governments fail to account for spending

Most governments fail to account for spending

Eighty percent of the world's governments fail to provide adequate information on spending to the public, often because of a lack of political will, according to a report published Saturday. The International Budget Partnership (IBP), a non-governmental o
Published 01 Feb, 2009 12:00am
US refinery workers set for strike, talks continue

US refinery workers set for strike, talks continue

Some 24,000 workers at US refineries, chemical plants and oil pipelines were poised on Saturday to start a strike that could affect half the nation's oil refining capacity and boost pump prices. Nearly 10 percent of US refining capacity could be idled wit
Published 01 Feb, 2009 12:00am
Kenya oil spill catches fire, kills 50: Red Cross

Kenya oil spill catches fire, kills 50: Red Cross

More than 50 people died in Kenya when an oil spill from a crashed truck caught fire as hundreds of people crowded round it, the local Red Cross said on Saturday. "The people went to scoop up the oil, then something lit the fire, maybe someone dropped a c
Published 01 Feb, 2009 12:00am
Google creates momentary panic by labelling all sites harmful

Google creates momentary panic by labelling all sites harmful

The search engine Google sparked online panic Saturday when a glitch in its security program temporarily prevented users from visiting any websites in search results. Between 1430 and 1525 GMT, all search results were marked as harmful and users received
Published 01 Feb, 2009 12:00am
50,000 in London Tamil protest demanding ceasefire

50,000 in London Tamil protest demanding ceasefire

More than 50,000 demonstrators marched through London in a Tamil rally on Saturday demanding an end to the fighting in Sri Lanka. "More than 50,000 were at the demonstration," a spokesman for London's Metropolitan Police said.
Published 01 Feb, 2009 12:00am
Nearly one million in US still without power after storm

Nearly one million in US still without power after storm

Utility crews worked in subfreezing temperatures Saturday to try to put the power back on for nearly a million customers left without electricity by an ice storm that crippled parts of several US states this week. The storm that began in the Midwest has b
Published 01 Feb, 2009 12:00am
No funds allocated: SIDC projects fail to take off

No funds allocated: SIDC projects fail to take off

The setting up of three important projects namely Sports Industries Development Centre (SIDC), Product Development Centre for Composite and Sialkot Business and Commerce Centre costing more than Rupees one billion are in doldrums as no funds are available
Published 01 Feb, 2009 12:00am
Construction of PDWCP to start next month: Ghauri

Construction of PDWCP to start next month: Ghauri

The construction of Rs 19 billion Pakistan Deep Water Container Port (PDWCP) project of Karachi Port Trust (KPT), which is to be built at Keamari Gronye of Karachi Port, would start from next month. Federal Minister for Ports and Shipping Babar Khan Ghaur
Published 01 Feb, 2009 12:00am
Pakistan and India urged to start peace talks

Pakistan and India urged to start peace talks

Hundreds of people from all group ages and walks of life rallied the Mall on Saturday showing their support for the peace and urge the Pakistan and Indian governments to start peace talks instead of war threats. Civil society and human rights activists, s
Published 01 Feb, 2009 12:00am
FPSC nominates 20 candidates for appointment

FPSC nominates 20 candidates for appointment

The Federal Public Service Commission (FPSC) has nominated 20 candidates for appointment in various Ministries/Divisions during January 3-31, 2009. Asif Ishtiaq, Director (Production Group) (BS-19) has been nominated in Ministry of Defence Production from
Published 01 Feb, 2009 12:00am
Conference urges implementation of Arms Trade Treaty

Conference urges implementation of Arms Trade Treaty

A two-day conference on 'Provincial Civil Society on Arms Trade Treaty' was organised by Community Appraisal and Motivation Programme (Camp) in Peshawar with a view to build civil society interest in national and international arms export control issues.
Published 01 Feb, 2009 12:00am
Government well aware of oil & gas sector potential, says Shahabuddin

Government well aware of oil & gas sector potential, says Shahabuddin

Federal Minister for Planning and Development Makhdoom Shahabuddin has said that the government was well aware of the potential of oil and gas sector and the ability of the industry to give a major boost to the investment climate in the country. He was ad
Published 01 Feb, 2009 12:00am
The new face of politics!

The new face of politics!

The fresh 'make and break' politics in the political arena is in full swing before Senate elections as rift between the two major political parties - PPP, PML-N seems irreversible.
Published 01 Feb, 2009 12:00am
Zardari bids farewell to UAE President

Zardari bids farewell to UAE President

President Asif Ali Zardari Saturday bid farewell to President of UAE Shaikh Khalifa bin Zayed Al Nahyan who was here on a private visit. The two leaders in a brief meeting here at the airport discussed bilateral and regional issues of mutual interest and
Published 01 Feb, 2009 12:00am
Nawaz arrives in UK

Nawaz arrives in UK

Pakistan Muslim League-Nawaz (PML-N) Chief Mian Nawaz Sharif on Saturday has categorically ruled out any chances of meeting Pakistan Muslim League-Quaid (PML_Q) President Chaudhry Shujaat Hussain during his five-day stay in London.
Published 01 Feb, 2009 12:00am
Prime Minister for cooperation between Red Cross, NDMA

Prime Minister for cooperation between Red Cross, NDMA

Prime Minister Syed Yousuf Raza Gilani while appreciating operations of the International Committee of Red Cross (ICRC) in Pakistan in the wake of natural disasters, proposed for enhanced co-operation with National Disaster Management Authority (NDMA).
Published 01 Feb, 2009 12:00am
Punjab government spending Rs 540 million on kidney, dialysis centres

Punjab government spending Rs 540 million on kidney, dialysis centres

Punjab government is spending Rs 540 million on the establishment of kidney and dialysis centres in various parts of the province to facilitate poor patients suffering from kidney problems. Official sources told Business Recorder here on Saturday t
Published 01 Feb, 2009 12:00am
APHC seeks global support to resolve Kashmir dispute

APHC seeks global support to resolve Kashmir dispute

The Chairman of All Parties Hurriyet Conference (APHC), Mirwaiz Umar Farooq has appealed to the international community to take immediate steps to resolve Kashmir dispute peacefully in accordance with Kashmiris' aspirations. Mirwaiz addressing a public ga
Published 01 Feb, 2009 12:00am
36,370 cusecs water released from reservoirs

36,370 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Saturday released 36,370 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded was 59,019 cusecs. Water level at Tarbela Dam was recorded at 1424.78 feet.
Published 01 Feb, 2009 12:00am
IHC's seven benches for next week

IHC's seven benches for next week

The Chief Justice of Islamabad High Court (IHC) has constituted five single benches and two division benches for the next week starting from February 2. Five single benches include Chief Justice Sardar Muhammad Aslam, Justice Muhammad Munir Peracha, Justi
Published 01 Feb, 2009 12:00am
No funds allocated: SIDC projects fail to take off

No funds allocated: SIDC projects fail to take off

The setting up of three important projects namely Sports Industries Development Centre (SIDC), Product Development Centre for Composite and Sialkot Business and Commerce Centre costing more than Rupees one billion are in doldrums as no funds are available
Published 01 Feb, 2009 12:00am
Population increases at very fast rate: Dr Zafar

Population increases at very fast rate: Dr Zafar

The Department of Environmental Sciences, Arid Agriculture University Rawalpindi (AAUR) has initiated a research project on environmental impacts of Genetically Modified Organisms (GMOs). These views were expressed by Project Director of National Institut
Published 01 Feb, 2009 12:00am
EPA disapproves dualization of Garden Avenue

EPA disapproves dualization of Garden Avenue

Ministry of Environment has not given approval for 'Dualization of Garden Avenue' Shakarparian Road to Capital Development Authority (CDA). The Initial Environmental Examination (IEE) report was submitted by the Capital Development Authority (CDA) under I
Published 01 Feb, 2009 12:00am
Seminar on local government system held

Seminar on local government system held

The Institute of Management Sciences (IMS) held a seminar on "Local Government: Prospects and Problems in Pakistan" with a view to enhance an understanding about the Local Governance system in the masses. Hifz ur Rehman Secretary Local Government, Governm
Published 01 Feb, 2009 12:00am
'Welfare institutions run by banned religious outfits not to be closed'

'Welfare institutions run by banned religious outfits not to be closed'

Punjab Chief Minister Mian Shahbaz Sharif has categorically stated,"we would not close the religious seminaries, hospitals and other welfare institutions being run under the supervision of banned Jamaat-ud-dawah, Al-Rasheed Trust, and Jaish-i-Muhammad bec
Published 01 Feb, 2009 12:00am
Punjab to procure 0.4 million tons more wheat this year

Punjab to procure 0.4 million tons more wheat this year

Punjab Food Department will have to procure 400,000 tons more wheat than its previous target, as the Ministry of Food, Agriculture and Livestock (Minfal) has requested Punjab government to provide an additional 400,000 tons wheat from the agreed quota of
Published 01 Feb, 2009 12:00am
Speedy disposal of revenue cases ordered

Speedy disposal of revenue cases ordered

The Divisional Commissioner, Zahid Saeed has directed the officers of Revenue department to ensure on spot inspection for speedy disposal of revenue cases and fulfil all the requirements of offering quick justice. He issued these directives while presidin
Published 01 Feb, 2009 12:00am
Amin stresses need for early conclusion of Doha Round

Amin stresses need for early conclusion of Doha Round

Commerce Minister Amin Fahim on Saturday called for early conclusion of the Doha Round, as "it will help control protectionism" by the developed world and lowering trade barriers so as to provide market access opportunities for Pakistan. Talking to DG WTO
Published 01 Feb, 2009 12:00am
Government to provide tractors on priority basis to Balochistan

Government to provide tractors on priority basis to Balochistan

"Federal Government will provide tractors on priority basis for the development of agriculture sector in Balochistan" stated Federal Minister for Food and Agriculture Nazar Mohammad Gondal while talking to the Balochistan Chief Minister Nawab Aslam Raisan
Published 01 Feb, 2009 12:00am
President and Prime Minister condole death of Imtiaz Shahid

President and Prime Minister condole death of Imtiaz Shahid

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani on Saturday expressed their deep sorrow and grief over the murder of former Vice President of Pakistan People's Party (PPP) Malik Imtiaz Shahid in Lahore.
Published 01 Feb, 2009 12:00am
All resources being used for mega projects: minister

All resources being used for mega projects: minister

The Minister for Water and Power, Pervez Ashraf, on Saturday said that all resources were being utilised for mega development projects, and funds were being provided on priority basis. He said this while presiding over a meeting to review the development
Published 01 Feb, 2009 12:00am
Sindh chief minister condoles the murder of Malik Shahid

Sindh chief minister condoles the murder of Malik Shahid

Sindh Chief Minister Syed Qaim Ali Shah has vehemently condemned the murder of Malik Shahid Imtiaz, Vice-President PPP Punjab. In a condolence message he expressed deep grief and sorrows over the tragic incident and prayed to Allah to rest the departed so
Published 01 Feb, 2009 12:00am
'JUI-F can eliminate terrorism from Fata and Swat'

'JUI-F can eliminate terrorism from Fata and Swat'

Federal Minister for Science and Technology Muhammad Azam Khan Swati said with the co-operation of the Jamiat Ulama Islam(F), the government could eliminate terrorism from Swat and Federally Administered Tribal Areas(Fata). He was talking to media men dur
Published 01 Feb, 2009 12:00am
Growers fear missing wheat target due to fertiliser shortage

Growers fear missing wheat target due to fertiliser shortage

Growers are fearing that the target set for the Rabi season cannot be achieved if they are not provided with sufficient quantity of urea fertiliser. Talking to Business Recorder on Saturday, a delegation of the growers of district Dadu said that th
Published 01 Feb, 2009 12:00am
New Sabzi Mandi affairs: detailed report given to minister

New Sabzi Mandi affairs: detailed report given to minister

Advisor to Chief Minister, Sharmeela Farooqui, Saturday met Sindh Home Minister Dr Zulfikar Ali Mirza and presented him a detail report containing recommendations and proposals for maintaining law and order in New Sabzi Mandi. She prepared her report in t
Published 01 Feb, 2009 12:00am
Meeting reviews Swat operation

Meeting reviews Swat operation

The apex policy committee of the province, in a meeting at the Governor House, Peshawar on Friday reviewed the over all law and order situation in the NWFP as well as the ongoing operations in District Swat and in certain parts of Fata.
Published 01 Feb, 2009 12:00am
FPCCI election: Tariq, Munir congratulated on clean sweep

FPCCI election: Tariq, Munir congratulated on clean sweep

Businessman Panel (BP) NWFP President Fazal Elahi Khan has congratulated the central leaders of the Businessman Panel Tariq Sayeed and S M Munir on clean sweep in the elections of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and inf
Published 01 Feb, 2009 12:00am
Schedule for senate elections to be announced soon: Kanwar

Schedule for senate elections to be announced soon: Kanwar

Chief Election Commissioner will soon announce schedule for holding election on 50 vacant seats of the senate. Secretary Election Commission Kanwar Dilshad while talking to a TV channel, said that under the constitutional provision election to vacant sena
Published 01 Feb, 2009 12:00am
Switzerland makes offer in row with Libya, Gaddafi son says

Switzerland makes offer in row with Libya, Gaddafi son says

Switzerland has made Libya an offer aimed at resolving a six-month row between the two countries, one of Libyan leader Moamer Gaddafi's sons, Seif al-Islam, said on Saturday. "Switzerland really wants to find a solution" to the stand-off that erupted over
Published 01 Feb, 2009 12:00am
Afghanistan creates anti-insurgency force

Afghanistan creates anti-insurgency force

A special force is to be formed to boost security in areas of Afghanistan hit by a Taliban-led insurgency, the country's interior minister said Saturday. The paramilitary-style force, which will be funded by the US government, will operate under the comma
Published 01 Feb, 2009 12:00am
Bollywood promoter in US gets seven years

Bollywood promoter in US gets seven years

A well-known Bollywood promoter and film producer from northern Virginia has been sentenced to seven years in prison for one of the largest bank fraud scams in the state's history. Vijay K. Taneja. of Fairfax, Virginia, was also ordered to pay $33 million
Published 01 Feb, 2009 12:00am
Indian comedy king dies

Indian comedy king dies

Indian comedy king Krishna Rao Nagesh, known as "India's Jerry Lewis", died Saturday at the age of 76, his family said. Nagesh, a diabetic who had been battling ill-health, died in hospital in the southern city of Chennai, the family said. He was a sought
Published 01 Feb, 2009 12:00am
Five infants die in hospital blaze in India

Five infants die in hospital blaze in India

Five infants in a hospital incubation unit in northern India burnt to death Saturday when the facility caught fire, media reports said Saturday. The three boys and two girls were being treated for jaundice in the state-run facility in the northern city of
Published 01 Feb, 2009 12:00am
Security Council reform talks to start in February

Security Council reform talks to start in February

Negotiations among the world's nations on the much disputed issue of expanding the UN Security Council from its long-standing membership of 15 states are set to start on February 19, officials said on Friday. Most countries agree that the body, whose comp
Published 01 Feb, 2009 12:00am
Serena wins Australian Open title, takes No 1 ranking

Serena wins Australian Open title, takes No 1 ranking

Serena Williams thrashed Russia's Dinara Safina 6-0, 6-3 to win her fourth Australian Open title Saturday, bringing up her 10th Grand Slam and reclaiming the world number one ranking on the way. In one of the most lop-sided deciders ever, the American utt
Published 01 Feb, 2009 12:00am
Arsenal, Villa stalemates hand United advantage

Arsenal, Villa stalemates hand United advantage

Aston Villa missed the chance to go second in the Premier League after being held to a goalless draw by Wigan on Saturday. Villa though stayed fourth and five points clear of Arsenal after the Gunners were also held to a 0-0 stalemate in a London derby at
Published 01 Feb, 2009 12:00am
Rain saves Afghanistan's World Cup dream

Rain saves Afghanistan's World Cup dream

Afghanistan's dreams of playing at the 2011 World Cup were saved by torrential rain which swept across the Argentine capital on Friday. Their final World Cricket League Division Three match against the Cayman Islands was abandoned when they were just 28 r
Published 01 Feb, 2009 12:00am
Hoffenheim back on top of Bundesliga

Hoffenheim back on top of Bundesliga

Hoffenheim went back to the top of the Bundesliga on Saturday with a 2-0 win over Energie Cottbus to prove they can cope without injured striker Vedad Ibisevic as their fairytale run continues. Having won consecutive promotions in consecutive seasons, Hof
Published 01 Feb, 2009 12:00am
Bryan brothers win Open doubles title

Bryan brothers win Open doubles title

Bob and Mike Bryan won their seventh Grand Slam doubles title Saturday when they bounced back to crush Mahesh Bhupathi and Mark Knowles 2-6, 7-5, 6-0 in the Australian Open final. The American identical twins looked headed for defeat when the India and Ba
Published 01 Feb, 2009 12:00am
Inter-School Rowing Regatta final today

Inter-School Rowing Regatta final today

The finals of inaugural Inter-school Rowing Regatta will be held on Sunday (today) from 7am to 4pm, says a press release issued here on Saturday. For the first time, over 200 students from 12 schools in Pakistan are competing in a rowing regatta, organise
Published 01 Feb, 2009 12:00am
Former-heavyweight boxer dies

Former-heavyweight boxer dies

Former world heavyweight boxing champion Ingemar Johansson, who famously beat Floyd Patterson for the title in 1959, has died, news reports said on Saturday. He was 76.The reports said that Johansson died on Friday in a nursing home in the small Swedish t
Published 01 Feb, 2009 12:00am
Abbas rejects Hamas leader's call for new PLO

Abbas rejects Hamas leader's call for new PLO

Palestinian president Mahmud Abbas is leading a chorus of opposition to calls by rival Hamas supremo Khaled Meshaal for a new leadership to replace the Palestine Liberation Organisation. The Damascus-based Meshaal this week said that the PLO - which has l
Published 01 Feb, 2009 12:00am
Hundreds of Kurds storm Iraq election office

Hundreds of Kurds storm Iraq election office

Hundreds of Iraqi Kurds stormed an electoral commission office in north-east Iraq on Saturday claiming they were displaced residents of Khanaqin and demanding to vote, an official said. "The Kurds entered the election commission office and asked to vote b
Published 01 Feb, 2009 12:00am
Parties eye new Iceland government this weekend

Parties eye new Iceland government this weekend

Parties aiming to form a new centre-left government for crisis-hit Iceland said on Saturday they were hoping for a deal this weekend, though it might not come through until Sunday. The Social Democrats and Left-Green Party aim to take charge of Iceland af
Published 01 Feb, 2009 12:00am
California octuplets case dismays fertility experts

California octuplets case dismays fertility experts

The birth of octuplets in California, hailed as a medical triumph by doctors who delivered the tiny infants, has dismayed fertility experts who say high-number multiple births are an outcome they work hard to avoid.
Published 01 Feb, 2009 12:00am
UN envoy arrives in Myanmar, reform hopes slim

UN envoy arrives in Myanmar, reform hopes slim

United Nations envoy to Myanmar Ibrahim Gambari arrived in the army-ruled former Burma on Saturday in another bid to coax the junta and detained opposition leader Aung San Suu Kyi towards talks on political reform. Hopes of success are slim after six prev
Published 01 Feb, 2009 12:00am
Oxfam urges Obama to avert Afghan crisis

Oxfam urges Obama to avert Afghan crisis

International aid agency Oxfam Saturday urged US President Barack Obama to forge a new plan for Afghanistan to avert a major crisis at a "critical juncture" for the country. Security is plummeting and around five million Afghans, out of an estimated popul
Published 01 Feb, 2009 12:00am
Central Europe's currencies down

Central Europe's currencies down

The forint fell to new all-time lows on Friday as poor economic data weighed on central Europe's currencies and the Hungarian unit took an additional hit as investors tried to push the forint through option barrier levels. Currencies in the region have be
Published 01 Feb, 2009 12:00am
Dollar gains

Dollar gains

The dollar rose against the euro on Friday, on track for its best month since October, as evidence of a prolonged slump on both sides of the Atlantic added to the greenback's appeal as a safe haven for investors. The euro shed more than 1 percent against
Published 01 Feb, 2009 12:00am
IMM speculators trim long US dollar bets

IMM speculators trim long US dollar bets

Currency speculators trimmed bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position was $177 million in the week ending January 27, down
Published 01 Feb, 2009 12:00am
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