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Print - 2009-07-01
China reaffirms pledge to cooperate in fighting extremism: Badr

China reaffirms pledge to cooperate in fighting extremism: Badr

Pakistan and China have reaffirmed to cooperate with each other in fighting extremism and militancy to ensure peace in the region. The consensus in this regard was reached here when the Secretary General of Pakistan People's Party (PPP), Senator Jehangir
Published 01 Jul, 2009 12:00am
Samba Bank's ratings reaffirmed with stable outlook

Samba Bank's ratings reaffirmed with stable outlook

JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Samba Bank Limited (Samba) at 'A/A-1' (Single A/A- One). Outlook on the assigned ratings is 'Stable'. The ratings of Samba take into account the support emanating from its key spon
Published 01 Jul, 2009 12:00am
Samba Bank's ratings reaffirmed with stable outlook

Samba Bank's ratings reaffirmed with stable outlook

JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Samba Bank Limited (Samba) at 'A/A-1' (Single A/A- One). Outlook on the assigned ratings is 'Stable'. The ratings of Samba take into account the support emanating from its key spon
Published 01 Jul, 2009 12:00am
Generals meet government leaders as tensions plague Turkey

Generals meet government leaders as tensions plague Turkey

Turkey's civilian leaders met Tuesday with top generals amid growing tension over an alleged military plan to discredit the Islamist-rooted government and moves in parliament to curb the army's powers. The meeting of the National Security Council (MGK) wa
Published 01 Jul, 2009 12:00am
Indian warships get a breath of fresh air

Indian warships get a breath of fresh air

India's cramped, diesel-fired warships are cleaning up their act, or at least their air, by installing purifiers developed by the NASA space agency to clear the fetid, below-decks environment. Privately-owned Greatwhite Technologies said Tuesday it had al
Published 01 Jul, 2009 12:00am
Somali finance minister hopes to rebuild institutions

Somali finance minister hopes to rebuild institutions

Somalia's finance minister hopes a deal with accountants PricewaterhouseCoopers to manage money given to the government will help the Horn of Africa nation rebuild its financial institutions. "This is an international company. The donors and Somali govern
Published 01 Jul, 2009 12:00am
Dozen Taliban killed in Afghanistan

Dozen Taliban killed in Afghanistan

US-led coalition airstrikes in remote mountains of eastern Afghanistan near the border with Pakistan killed more than a dozen Islamist militants in bunkers overnight, the US military said Tuesday. The strikes in the eastern province of Khost were called i
Published 01 Jul, 2009 12:00am
Thailand to invoke security act for Asean meeting

Thailand to invoke security act for Asean meeting

Thai premier Abhisit Vejjajiva said Tuesday he would invoke a harsh internal security act to prevent protests at a regional summit in Phuket which US Secretary of State Hillary Clinton is due to attend. The move comes after an incident in April when anti-
Published 01 Jul, 2009 12:00am
Top EU transport official calls for world-wide airline blacklist

Top EU transport official calls for world-wide airline blacklist

EU Transport Commissioner Antonio Tajani called on Tuesday for a world-wide blacklist of unsafe airlines after a Yemeni airliner crashed off the coast of the Indian Ocean archipelago of Comoros. "My idea is to propose a world-wide blacklist similar to the
Published 01 Jul, 2009 12:00am
Bridge built over sea in Mumbai opens

Bridge built over sea in Mumbai opens

India on Tuesday opened its first highway bridge built over the open sea in its congested financial capital of Mumbai after nine years of construction. The 5.6-kilometre-long, eight-lane link made of steel and concrete is to cut the driving time between t
Published 01 Jul, 2009 12:00am
Iraq regains 'sovereignty'

Iraq regains 'sovereignty'

Iraqis are singing and dancing in streets as their so-called liberators complete their troops' pullback from the towns and cities of their country, by Monday night. "Our sovereignty has returned", said an elated Prime Minister Nouri Al-Maliki, as he desig
Published 01 Jul, 2009 12:00am
Tenth Five-Year Plan

Tenth Five-Year Plan

Dr Mohammad Ehsan-ul-Haq Tasneem, Member, Planning Commission for Food and Agriculture, has said that the key imbalances in all sectors of the economy need to be rectified through an appropriate emphasis on agriculture, agro-business, industrial competiti
Published 01 Jul, 2009 12:00am
A Samurai's Confessions: British National Party comes under scrutiny

A Samurai's Confessions: British National Party comes under scrutiny

John D. Wadham, chief legal officer of the Equality and Human Rights Commission of the United Kingdom, wrote to Nick Griffin, the Chairman of the British National Party (BNP), a detailed letter last week (June 22, 2009) expressing the Commission's view th
Published 01 Jul, 2009 12:00am
Good Morning: There's been so much death

Good Morning: There's been so much death

There is so much of death around us, these days in particular, that it has seized my attention tonight. I may not write the saddest lines, or grieve intensely or immensely in personal terms. But I am drawn to this powerful theme nevertheless, and for so m
Published 01 Jul, 2009 12:00am
Sermons bring touch of Islam to broadcaster

Sermons bring touch of Islam to broadcaster

A controversy in Germany a couple of years ago about Islamic content on tax-funded websites has faded and broadcasters are now gingerly wondering if Islamic spirituality should be permitted on German radio. It is hard to imagine a more cautious start to p
Published 01 Jul, 2009 12:00am
Agriculture tax

Agriculture tax

The budget is a challenge for the government in order to gain either political strength for the government or set the economic plan for future. The budget demonstrates the government's emphasis on attempting to improve the socio-economic condition of the
Published 01 Jul, 2009 12:00am
No training camps for militants in South Punjab: Baloch

No training camps for militants in South Punjab: Baloch

There is no Talibanisation, no training camps for militants, no hideouts of terrorists in Southern Punjab, our rulers want to launch a military operation on US dictates in this zone, said Liaquat Baloch central Naib Amir of Jamaat Islami, while talking to
Published 01 Jul, 2009 12:00am
Afforestation: Aircraft showers seeds over Fort Munro hills

Afforestation: Aircraft showers seeds over Fort Munro hills

An aircraft provided by the federal government has started showering seeds on the hills of Fort Munro, the only developed hill station of South Punjab, for extensive afforestation. Commissioner DG Khan division, Hassan Iqbal, inaugurated the scheme to sho
Published 01 Jul, 2009 12:00am
National dress

National dress

None of our leaders now wear national dress which is sherwani, shalwar and Jinnah cap. You see some wearing sherwani, shalwar and prefer to wear Sindhi cap or other headgear which is not the national dress. We are gradually losing our national identity. O
Published 01 Jul, 2009 12:00am
'Seraiki province to help curb militancy in South Punjab'

'Seraiki province to help curb militancy in South Punjab'

The Federal Minister for Defence Production Sardar Abdul Qayyum Khan Jatoi made it clear that in order to eliminate militancy in South Punjab, the establishment of a Seraiki province was undoubtedly inevitable, with its head quarter in Multan.
Published 01 Jul, 2009 12:00am
PIA to start international flights from Bahawalpur

PIA to start international flights from Bahawalpur

Pakistan International Airline (PIA) will start its international flights from Bahawalpur airport from Wednesday (tomorrow). According to District Manager, PIA, Bahawalpur Abdul Sattar Khan, first international flight will take off on Wednesday for Dubai
Published 01 Jul, 2009 12:00am
Land acquisition for M-4 Motorway project underway

Land acquisition for M-4 Motorway project underway

The assessment committee of the project M-4 Motorway (Faisalabad to Multan) visited Chak No 5, 6, 7/JB for land acquisition and consideration of price. The committee was led by DCO Saeed Wahlah and included Director Excise Ahmad Saeed, DO Revenue Musarrat
Published 01 Jul, 2009 12:00am
'US bill to provide easy market access to Pakistani products'

'US bill to provide easy market access to Pakistani products'

United States is introducing a bill to provide easy access for Pakistani products into US markets, in September 2009, to facilitate local exporters and manufacturers, said Bryne-D Hunt, a principal officer of the American Consulate, while exchanging views
Published 01 Jul, 2009 12:00am
'Dams will help make NWFP self-sufficient in wheat, other crops'

'Dams will help make NWFP self-sufficient in wheat, other crops'

Provincial Minister for Labour Sher Azam Wazir on Tuesday said that completion of Kurram Tangi Dam, Gomal Zam Dam, Chashma Lift Canal and Barkatno Dam at Bannu would not only help in reclaiming millions of acres of barren land in southern districts, but w
Published 01 Jul, 2009 12:00am
Government urged to create awareness about women rights

Government urged to create awareness about women rights

AWAM organised a consultative meeting with different NGOs of Faisalabad city titled "Community Education for Women Rights," at AWAM Office Faisalabad. Twenty-two representatives of different NGOs namely WORD, ASDP, SAP, EDEN, PCWO, Maimar, Muthida Welfare
Published 01 Jul, 2009 12:00am
Afghan refugees to be sent back with dignity: Najamuddin

Afghan refugees to be sent back with dignity: Najamuddin

Federal Minister for States and Frontier Regions (Safron), Najamuddin Khan, has said 1.7 million registered Afghan refugees, residing in Pakistan would be sent back to homeland with dignity. As their repatriation would be in voluntary basis while the same
Published 01 Jul, 2009 12:00am
'Free mind book club' for prisoners setup

'Free mind book club' for prisoners setup

National Book Foundation (NBF) has established a 'free mind book club' for the prisoners of Adiala Jail to promote book reading habits among them. Managing Director NBF, Mazhar-ul-Islam, while briefing the prisoners at the inauguration ceremony, said, 'I
Published 01 Jul, 2009 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

US gold futures tumbled below $930 an ounce Tuesday as a stronger dollar weighed, but the metal could remain in a broad range because of subdued interest in this holiday-shortened trading week. August gold down $15.30, or 1.6 percent, at $925.40 an ounce
Published 01 Jul, 2009 12:00am
US MIDDAY: copper tumbles

US MIDDAY: copper tumbles

US copper futures fell back from a new two-week high Tuesday morning, as the dollar extended gains against the euro after data showed US consumer confidence fell in June after two straight months of gains. Copper for September delivery slipped 5.80 cents,
Published 01 Jul, 2009 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell to a one-week low on Tuesday, dropping sharply as the dollar strengthened broadly and crude oil prices tumbled, reducing the metal's appeal as an inflation hedge. Spot gold was bid at $925.20 by 1520 GMT after hitting an intra-day low of $922.60
Published 01 Jul, 2009 12:00am
US MIDDAY: sugar down; coffee and cocoa weak

US MIDDAY: sugar down; coffee and cocoa weak

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Tuesday. September arabica contract down 0.95 cent at $1.1930 per lb at 11:04 am EDT (1504 GMT). Trading from $1.1880 to $1.2155. Arabica futures turned lower as the US dollar revers
Published 01 Jul, 2009 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Chicago Board of Trade corn futures fell the daily trading limit early Tuesday on USDA's bigger-than-expected US corn acreage data issued before the open, traders said. New-crop December corn led the market lower, falling the 30-cent limit.
Published 01 Jul, 2009 12:00am
US MIDDAY: soyabeans drop

US MIDDAY: soyabeans drop

CBOT July soya dropped 15 cents to $12.00 per bushel and November was down 2-1/2 at $9.81 in extremely volatile action, traders said. The July/November spread surged to $2.60-3/4 a bushel, premium July, early on Tuesday and near the close the spread was t
Published 01 Jul, 2009 12:00am
London sugar and coffee up

London sugar and coffee up

August white sugar closed $4.30 higher at $458.70 a tonne on Tuesday after the market touched a contract high of $463.50 per tonne earlier, buoyed by a sharp run-up in ICE raw sugar which rose to a three-year peak ahead of Tuesday's expiry of the July con
Published 01 Jul, 2009 12:00am
Oil falls two percent

Oil falls two percent

Oil fell 2 percent to below $70 a barrel on Tuesday after a drop in US consumer confidence data in May added to concerns over a potential economic rebound. Major stock market indexes also turned lower and the dollar rose after the Conference Board's consu
Published 01 Jul, 2009 12:00am
Copper falls

Copper falls

Copper reversed earlier gains to turn negative on Tuesday, weighed down by a firmer dollar and growing perceptions that prices had risen too far and that demand prospects remained poor. Copper for three-month delivery on the London Metal Exchange fell to
Published 01 Jul, 2009 12:00am
New York cotton up

New York cotton up

Cotton futures settled with small gains Tuesday on late short-covering as the market largely shrugged off a government plantings report, brokers said. The new-crop December cotton contract gained 0.51 cent to settle at 57.48 cents per lb, moving from 55.8
Published 01 Jul, 2009 12:00am
FTSE falls; index rises 8.2 percent in a quarter

FTSE falls; index rises 8.2 percent in a quarter

Britain's top share index shed 1 percent on Tuesday in the wake of weaker than expected consumer confidence figures in the United States, with banks, miners and food retailers leading the fallers. The FTSE 100 index closed 44.82 points lower at 4249.21.
Published 01 Jul, 2009 12:00am
Hong Kong, China shares in weak finish to big second quarter

Hong Kong, China shares in weak finish to big second quarter

Hong Kong shares finished their best quarter in more than 15 years with a whimper on Tuesday, as investors locked in some of the gains made during a stellar four-month rally that began in March. The index tacked on 35.4 percent in its biggest quarterly ad
Published 01 Jul, 2009 12:00am
Singapore shares rally

Singapore shares rally

Singapore share prices closed 0.70 percent higher on Tuesday, lifted by gains in blue chips including flag carrier Singapore Airlines, dealers said. The main Straits Times Index rose 15.97 points to 2,333.14. Volume totalled 1.26 billion shares worth 1.35
Published 01 Jul, 2009 12:00am
European CDS tightened

European CDS tightened

European credit spreads tightened on Tuesday, partly reflecting positive sentiment about corporate credit as an asset class. By 1532 GMT, the investment-grade Markit iTraxx Europe index was at 111.46 basis points, according to data from Markit, 3.54 basis
Published 01 Jul, 2009 12:00am
European CDS tightened

European CDS tightened

European credit spreads tightened on Tuesday, partly reflecting positive sentiment about corporate credit as an asset class. By 1532 GMT, the investment-grade Markit iTraxx Europe index was at 111.46 basis points, according to data from Markit, 3.54 basis
Published 01 Jul, 2009 12:00am
Indian shares slide 1.97 percent

Indian shares slide 1.97 percent

Indian shares fell 1.97 percent on Tuesday, as investors turned jittery on uncertainties over reforms, ahead of the federal budget next week, dealers said. The benchmark 30-share Sensex fell 291.9 points to 14,493.84.
Published 01 Jul, 2009 12:00am
Tuesday's midday trade: Wall Street slides

Tuesday's midday trade: Wall Street slides

US stocks fell on Tuesday after a surprising drop in consumer confidence sparked investor concern about spending and the strength of the economic recovery, even as the S&P 500 was set to close its first positive quarter in almost two years. The S&P energy
Published 01 Jul, 2009 12:00am
Malaysian shares down

Malaysian shares down

Malaysian shares closed down 0.1 percent on Tuesday on profit-taking, reversing recent gains, dealers said. The Kuala Lumpur Composite Index lost 0.6 points to close at 1,075.24 on volume of 1.29 billion shares worth 1.36 billion ringgit (386.41 million d
Published 01 Jul, 2009 12:00am
Indian rupee posts best quarter rise in two years

Indian rupee posts best quarter rise in two years

The Indian rupee rose 5.9 percent in April-June, clocking its biggest quarterly rise in two years, on robust foreign flows into the stock market and traders said next Monday's budget would set the trend for the coming months.
Published 01 Jul, 2009 12:00am
Asian bonds post sharp increases this quarter

Asian bonds post sharp increases this quarter

Asian bonds may extend their gains in the next three months, after posting sharp increases this quarter, on optimism that the global economy is healing, helping spur investor demand for Asia's riskier debt. The Asia iTraxx investment-grade index excluding
Published 01 Jul, 2009 12:00am
Asian bonds post sharp increases this quarter

Asian bonds post sharp increases this quarter

Asian bonds may extend their gains in the next three months, after posting sharp increases this quarter, on optimism that the global economy is healing, helping spur investor demand for Asia's riskier debt. The Asia iTraxx investment-grade index excluding
Published 01 Jul, 2009 12:00am
Euro rates mark new low

Euro rates mark new low

The interbank cost of borrowing euros for three-months marked a new low on Tuesday as the end of the first half of the year looked set to pass with minimal strain on money markets following last week's huge injection of liquidity.
Published 01 Jul, 2009 12:00am
Dollar falls in London

Dollar falls in London

The dollar weakened across the board on Tuesday, supported by an easing in risk aversion after gains in stock markets and oil prices reflected an upbeat view on the prospects of global economic recovery. Sterling hit an eight-month high against the dollar
Published 01 Jul, 2009 12:00am
Sterling hits eight-month high

Sterling hits eight-month high

Sterling hit an eight-month high against the dollar on Tuesday due to surprisingly strong UK house price data, but its gains fizzled out after a moderating decline in US home prices later boosted the US currency.
Published 01 Jul, 2009 12:00am
16 killed as Italian gas train derails and explodes

16 killed as Italian gas train derails and explodes

At least 16 people were killed and 50 injured overnight in Italy when a freight train hauling liquefied petroleum gas derailed and exploded as it passed their homes, officials said on Tuesday. About 1,000 people were evacuated following the blast just bef
Published 01 Jul, 2009 12:00am
Ban urges Myanmar to free political prisoners, presses North Korea

Ban urges Myanmar to free political prisoners, presses North Korea

UN Secretary General Ban Ki-moon said on Tuesday military-ruled Myanmar should release all political prisoners, including Aung San Suu Kyi, the country's jailed democracy leader. He also called on North Korea to drop its nuclear ambitions after Pyongyang'
Published 01 Jul, 2009 12:00am
US slaps sanctions on Iranian firm for aiding North Korea

US slaps sanctions on Iranian firm for aiding North Korea

The United States ordered sanctions on an Iranian firm for allegedly aiding North Korea's nuclear missile program, officials said Tuesday. The US Treasury identified the firm as Hong Kong Electronics, located in Kish Island, Iran, and said it had been "pr
Published 01 Jul, 2009 12:00am
Zelaya seeks return to Honduras, gets backing

Zelaya seeks return to Honduras, gets backing

Argentina's president and the head of the Organisation of American States plan to accompany ousted Honduran President Manuel Zelaya as he tries to return to his country this week, an Argentine Foreign Ministry source said, in a growing show of support in
Published 01 Jul, 2009 12:00am
Israeli navy takes control of activist ship to Gaza

Israeli navy takes control of activist ship to Gaza

The Israeli navy intercepted and boarded a ship carrying pro-Palestinian activists and humanitarian aid to the Gaza Strip on Tuesday in defiance of an Israeli blockade. "No shots were fired during the boarding of the boat," the Israeli military said in a
Published 01 Jul, 2009 12:00am
Belarus leader pardons lawyer in gesture to US

Belarus leader pardons lawyer in gesture to US

President Alexander Lukashenko on Tuesday pardoned a US lawyer jailed on charges of industrial espionage and hoped the move would help improved Belarus's strained relations with Washington. The release of Emmanuel Zeltser, serving a three-year term, has l
Published 01 Jul, 2009 12:00am
US to take case by case view on overseas jails

US to take case by case view on overseas jails

The future of US overseas detention sites must be examined case by case, Homeland Security Secretary Janet Napolitano said on Tuesday, indicating moves to shut Guantanamo Bay may not serve as a model for other prisons. Critics have long seen Guantanamo as
Published 01 Jul, 2009 12:00am
Top German court suspends ratification of Lisbon Treaty

Top German court suspends ratification of Lisbon Treaty

Germany's top court on Tuesday delayed the ratification of the European Union's Lisbon Treaty but leaders expressed confidence that the landmark reforms would still be adopted soon. In a keenly awaited decision, the Federal Constitutional Court said the t
Published 01 Jul, 2009 12:00am
Jackson's mother wins temporary control of estate

Jackson's mother wins temporary control of estate

Michael Jackson's mother Katherine on Monday won temporary guardianship of the late singer's children and control of his estate as a legal battle over his kids, money and belongings began to take shape. Katherine Jackson won the first round in what could
Published 01 Jul, 2009 12:00am
'Global food supply far from secure'

'Global food supply far from secure'

Africa's farmers need help to access loans, fertiliser and export markets to avoid future food supply crises caused by climate change and commodities speculation, a top agricultural expert said on Tuesday. Wheat, rice and maize prices have fallen sharply
Published 01 Jul, 2009 12:00am
UN monitors leaving Georgia

UN monitors leaving Georgia

United Nations monitors began pulling out of Georgia on Tuesday, testing security almost a year since the former Soviet republic's war with Russia. A deadline for the OSCE to withdraw also passes on Tuesday after negotiations with Russia broke down in May
Published 01 Jul, 2009 12:00am
Ahmadinejad calls election defeat for Iran's foes

Ahmadinejad calls election defeat for Iran's foes

President Mahmoud Ahmadinejad on Tuesday hailed his disputed re-election as a victory for the Iranian people and a defeat for the Islamic Republic's enemies. The June 12 poll sparked Iran's most vigorous internal unrest since the 1979 Islamic revolution,
Published 01 Jul, 2009 12:00am
Argentine leader defends policy after vote defeat

Argentine leader defends policy after vote defeat

Argentine President Cristina Fernandez ruled out a Cabinet reshuffle and defended her handling of the economy on Monday after losing control of Congress in a mid-term election. The vote was seen as a rejection of Fernandez's combative style and economic p
Published 01 Jul, 2009 12:00am
US spy says just followed orders in Italy kidnap

US spy says just followed orders in Italy kidnap

A former US spy at the centre of a kidnapping trial in Italy appeared to acknowledge a role in the abduction of a Muslim cleric but said he was only following orders, according to a rare interview published on Tuesday. Robert Seldon Lady is one of 26 Amer
Published 01 Jul, 2009 12:00am
Afghan minister seeks end to private 'militias'

Afghan minister seeks end to private 'militias'

Afghanistan's interior minister called Tuesday for the disbanding of private security forces after a group of guards that has worked for the US military was involved in the killing of a provincial police chief in the country's south. In eastern Afghanista
Published 01 Jul, 2009 12:00am
Experts urge sweeping change to UK defence strategy

Experts urge sweeping change to UK defence strategy

Britain must strengthen its European defence alliances, cut back on major programmes and reassess its nuclear deterrent in order to focus on new security threats, a panel of defence experts warned on Tuesday. Among the proposals set out by the panel was t
Published 01 Jul, 2009 12:00am
India's Dalit Queen under fire over statues

India's Dalit Queen under fire over statues

India's "untouchable queen" who is one of the country's best-known politicians has come under fire after the Supreme Court questioned her spending about $425 million on erecting statues of herself and her party leaders. The top court had given Mayawati, a
Published 01 Jul, 2009 12:00am
Human rights watch accuses Israel over Gaza drones

Human rights watch accuses Israel over Gaza drones

Missile-firing Israeli drones unlawfully killed at least 29 Palestinian civilians during the Gaza Strip war, Human Rights Watch said on Tuesday. Despite having advanced surveillance equipment, drone operators failed to exercise proper caution "as required
Published 01 Jul, 2009 12:00am
US re-approves Israeli loan guarantee plan

US re-approves Israeli loan guarantee plan

The United States has re-approved its Israel loan guarantees programme, subject to meeting fiscal targets, Israel's Finance Ministry said on Tuesday. The move comes amid the most serious rift between Israel and its main ally in more than a decade due to d
Published 01 Jul, 2009 12:00am
Japanese Prime Minister eyes cabinet, party changes before poll

Japanese Prime Minister eyes cabinet, party changes before poll

Unpopular Japanese Prime Minister Taro Aso said on Tuesday that he might add fresh faces to his cabinet and revamp his party's leadership as moves grew to oust him ahead of an election the ruling bloc looks set to lose. The main opposition Democratic Part
Published 01 Jul, 2009 12:00am
Spanish court shelves human rights probe against Israel

Spanish court shelves human rights probe against Israel

Spain's National Court on Tuesday decided to shelve an investigation launched by one of its judges into a 2002 bombing by Israel on Gaza Strip, judicial sources said.The bombing killed Hamas leader Salah Shehade and 14 others. Judge Fernando Andreu had ar
Published 01 Jul, 2009 12:00am
Pakistan disbands selection committees

Pakistan disbands selection committees

Pakistan's cricket board said Tuesday it had disbanded its senior and junior selection committees, with an interim body headed by former captain Wasim Bari now overseeing selection for both teams. The Pakistan Cricket Board (PCB) announcement came after t
Published 01 Jul, 2009 12:00am
Women football club championship: rising Star occupies last four berth

Women football club championship: rising Star occupies last four berth

Young Rising Star Women Football Club (YRSWFC) earned another resounding victory in Group-D to enter last four of second National Women Football Club Championship, thus joining Karachi's Diya Club, Lahore's Sports Sciences Department of Punjab University
Published 01 Jul, 2009 12:00am
Vaughan retires from cricket

Vaughan retires from cricket

Former England captain Michael Vaughan announced his retirement from all professional cricket with immediate effect here at Edgbaston on Tuesday. Vaughan, England's most successful Test captain, has not played for his country since tearfully resigning the
Published 01 Jul, 2009 12:00am
Hewitt won't fear Roddick in Wimbledon showdown

Hewitt won't fear Roddick in Wimbledon showdown

Lleyton Hewitt insists he has nothing to fear when he faces sixth seed Andy Roddick in the quarter-finals of Wimbledon on Wednesday. Hewitt lost in two tiebreak sets to Roddick in a tight third round match at Queen's earlier this month, but since then the
Published 01 Jul, 2009 12:00am
Venus sets up Safina semi at Wimbledon

Venus sets up Safina semi at Wimbledon

Defending champion Venus Williams closed in Tuesday on a sixth Wimbledon title with a 6-1, 6-2 victory over Poland's Agnieszka Radwanska whose quarter-final challenge melted in the searing heat. It will be the 29-year-old American's eighth semi-final appe
Published 01 Jul, 2009 12:00am
Carbon surcharge: POL products' prices increased

Carbon surcharge: POL products' prices increased

The government has increased the price of petrol by Rs 5.92 per litre, light diesel Rs 6.94, kerosene oil Rs 7.48 and HOBC Rs 8.50 per litre. With this increase, the price of per litre petrol has surged to Rs 62.13, HOBC Rs 78.78, light diesel oil Rs 54.9
Published 01 Jul, 2009 12:00am
Age-defying Jayasuriya eyes next World Cup

Age-defying Jayasuriya eyes next World Cup

Sri Lanka's veteran batsman Sanath Jayasuriya turns 40 on Tuesday, with a vow to carry on until the 2011 World Cup despite his being the oldest cricketer still playing at the top level. "Age is not a problem, it is how you stay mentally and physically fit
Published 01 Jul, 2009 12:00am
Carbon surcharge: POL products' prices increased

Carbon surcharge: POL products' prices increased

The government has increased the price of petrol by Rs 5.92 per litre, light diesel Rs 6.94, kerosene oil Rs 7.48 and HOBC Rs 8.50 per litre. With this increase, the price of per litre petrol has surged to Rs 62.13, HOBC Rs 78.78, light diesel oil Rs 54.9
Published 01 Jul, 2009 12:00am
Hong Kong dollar remains strong

Hong Kong dollar remains strong

The Hong Kong dollar held at the top of its trading band against the US dollar for most of Tuesday, prompting the Hong Kong Monetary Authority (HKMA) to step in and sell HK$2.325 billion ($300 million) for US dollars in the late afternoon to defend the cu
Published 01 Jul, 2009 12:00am
Carbon surcharge: POL products'' prices increased

Carbon surcharge: POL products'' prices increased

The government has increased the price of petrol by Rs 5.92 per litre, light diesel Rs 6.94, kerosene oil Rs 7.48 and HOBC Rs 8.50 per litre. With this increase, the price of per litre petrol has surged to Rs 62.13, HOBC Rs 78.78, light diesel oil Rs 54.9
Published 01 Jul, 2009 12:00am
Asian currencies make modest gains

Asian currencies make modest gains

The Malaysian ringgit firmed on Tuesday after the government announced measures to boost foreign investment, while other Asian currencies made modest gains against the dollar as improved risk appetite boosted stocks. The dollar and yen slipped as gains in
Published 01 Jul, 2009 12:00am
Bomb kills 30 in Northern Iraq as US troops leave

Bomb kills 30 in Northern Iraq as US troops leave

Hours after US troops handed over full control of Iraq's cities to its domestic security forces, a car bomb in the northern city of Kirkuk killed at least 30 people on Tuesday, police said. The blast tore through a busy market in a largely Kurdish part of
Published 01 Jul, 2009 12:00am
Swiss franc up

Swiss franc up

The Swiss franc rose against the dollar on Tuesday as a growing appetite for risk put pressure on the greenback, pushing it lower against a range of currencies. "Equity markets are stronger and we are seeing a return of risk appetite," said Credit Suisse
Published 01 Jul, 2009 12:00am
Bomb kills 30 in Northern Iraq as US troops leave

Bomb kills 30 in Northern Iraq as US troops leave

Hours after US troops handed over full control of Iraq's cities to its domestic security forces, a car bomb in the northern city of Kirkuk killed at least 30 people on Tuesday, police said. The blast tore through a busy market in a largely Kurdish part of
Published 01 Jul, 2009 12:00am
Yuan edges up

Yuan edges up

The yuan closed slightly higher against the dollar on Tuesday but finished the first half of the year little changed against the US currency as China maintained a stable currency amid the global economic crisis. Spot yuan ended at 6.8307 versus the dollar
Published 01 Jul, 2009 12:00am
Profit rates on NSSs reduced

Profit rates on NSSs reduced

The profit rates on National Saving Certificates (NSSs) have been revised downwards from July 1, 2009. According to the Central Directorate of National Saving, the profit rate on Special Saving Certificate would now be 11.62 percent and the profit rate on
Published 01 Jul, 2009 12:00am
Dollar and euro up versus yen

Dollar and euro up versus yen

The dollar and euro climbed against the yen on Monday, as gains in oil prices and US stocks along with better-than-expected sentiment in Europe rekindled hopes of a global economic recovery. That encouraged investors to sell the yen, viewed as a safe have
Published 01 Jul, 2009 12:00am
Profit rates on NSSs reduced

Profit rates on NSSs reduced

The profit rates on National Saving Certificates (NSSs) have been revised downwards from July 1, 2009. According to the Central Directorate of National Saving, the profit rate on Special Saving Certificate would now be 11.62 percent and the profit rate on
Published 01 Jul, 2009 12:00am
Australian dollar set to log best quarter in over 25 years

Australian dollar set to log best quarter in over 25 years

The Australian dollar was on track for its best quarterly performance since at least 1983, bolstered by higher stocks and commodities amid renewed optimism that the worst of the global economic downturn is over. The Aussie rose to its highest in more than
Published 01 Jul, 2009 12:00am
Dollar pressured

Dollar pressured

The dollar slipped on Tuesday as higher oil, gains in share prices and better-than-expected sentiment in the euro zone boosted hopes for a global recovery, sharpening investors' appetite for risk. Currencies of commodity producers such as the Australian d
Published 01 Jul, 2009 12:00am
Profit rates on NSSs reduced

Profit rates on NSSs reduced

The profit rates on National Saving Certificates (NSSs) have been revised downwards from July 1, 2009. According to the Central Directorate of National Saving, the profit rate on Special Saving Certificate would now be 11.62 percent and the profit rate on
Published 01 Jul, 2009 12:00am
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