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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-12-10
Australian shares slip

Australian shares slip

Australian shares fell 0.70 percent on Wednesday, hit by lower commodities prices and disappointing Japanese growth figures, dealers said. The SP/ASX200 index dropped 32.7 points to 4,637.9, while the broader All Ordinaries shed 33.8 points, or 0.72 perce
Published 10 Dec, 2009 12:00am
Yuan falls to one-month low

Yuan falls to one-month low

The yuan hit a more than one-month low against the dollar in benchmark offshore one-year non-deliverable forwards (NDFs) on Wednesday as the US dollar jumped versus major currencies, dealers said. The dollar index hit a more than four-week high of 76.183
Published 10 Dec, 2009 12:00am
Euro falls to one-month low

Euro falls to one-month low

The euro fell to a one-month low against the dollar on Wednesday as investors unwound positions in riskier assets ahead of the year-end, prompted in part by rising debt woes for Greece and Dubai. Worries about Britain's fiscal health continued to pressure
Published 10 Dec, 2009 12:00am
Euro slips

Euro slips

The euro slipped against the dollar on Tuesday, weighed by concerns about Greece's fiscal health after Fitch downgraded the country's credit rating. Fitch Ratings cut Greece's debt rating to BBB+ from A- with a negative outlook, the first time in 10 years
Published 10 Dec, 2009 12:00am
Hong Kong dollar eases slightly

Hong Kong dollar eases slightly

The Hong Kong dollar was a tad weaker against the US dollar on Wednesday, with sentiment hurt by extended losses in the domestic stock market. The local currency fell to as low as 7.7508 in early trade, its weakest level since September 23, but was still
Published 10 Dec, 2009 12:00am
Australian dollar caught on defensive

Australian dollar caught on defensive

The Australian dollar fell under pressure on Wednesday after news about debt woes in Greece and Dubai gave investors a reason to sell riskier currencies. The Aussie fell as low as $0.9016, with some dealers saying the selling pressure that started in New
Published 10 Dec, 2009 12:00am
Asian currencies down

Asian currencies down

The Philippine peso slipped in spot and offshore forwards markets on Wednesday as investors bought US dollars amid concerns about debt problems in Greece and Dubai, while the rupiah's decline sparked official intervention. The euro fell to a one-month low
Published 10 Dec, 2009 12:00am
Swiss franc hovers after jobs data

Swiss franc hovers after jobs data

The Swiss franc hovered on Wednesday after jobs data showed the seasonally adjusted unemployment rate was steady and ahead of the Swiss National Bank's policy meeting on Thursday. The Swiss unemployment rate rose to a non-seasonally adjusted 4.2 percent i
Published 10 Dec, 2009 12:00am
Cash award, medal for Riffat, Aamer

Cash award, medal for Riffat, Aamer

Pakistan Cricket Board (PCB) Chairman Ejaz Butt has announced a cash reward of Rs 200,000 and a medal each for Riffat Ullah and Aamer Sajjad for creating a new world record. It may be noted that Rifatullah (302*) and Aamer Sajjad (289) of Wapda created a
Published 10 Dec, 2009 12:00am
Sangakkara powers Sri Lanka to T20 win

Sangakkara powers Sri Lanka to T20 win

Kumar Sangakkara smashed a career-best 78 off just 37 balls to set up Sri Lanka's 29-run win in the first Twenty20 international against India here on Wednesday. Sangakkara smashed 11 fours and two sixes to help Sri Lanka amass 215-5 before Angelo Mathews
Published 10 Dec, 2009 12:00am
Ban on Pakistani players bad for IPL: Afridi

Ban on Pakistani players bad for IPL: Afridi

The ongoing ban of Pakistan players from the Indian Premier League will undermine the quality of the competition and cost it crowds, players and officials said Wednesday. "The absence of our cricketers will not be good for cricket or the IPL," Afridi told
Published 10 Dec, 2009 12:00am
Owen's hat-trick breaks Wolfsburg's hearts

Owen's hat-trick breaks Wolfsburg's hearts

England striker Michael Owen demonstrated his finishing class with a hat-trick on Tuesday to seal Manchester United's 3-1 victory at Wolfsburg to dump the Germans out of the Champions League. After his first-half header, Owen slid home his second on 83 mi
Published 10 Dec, 2009 12:00am
Lahore win Chief Minister's volleyball, badminton events

Lahore win Chief Minister's volleyball, badminton events

Lahore district got first position in volleyball and badminton (Girls) events whereas District Sheikhupura stood first in athletics events of the Chief Minister's Inter-District Girls Sports competitions. The four districts of Lahore Division, Lahore, She
Published 10 Dec, 2009 12:00am
Sohail Tanvir joins Australian T20 league

Sohail Tanvir joins Australian T20 league

Pakistani paceman Sohail Tanvir has replaced Sri Lankan spinner Muttiah Muralitharan as a foreign recruit for Victoria in Australia's domestic Twenty20 competition starting later this month. Muralitharan was unavailable due to national commitments, making
Published 10 Dec, 2009 12:00am
PFF imposes two-match ban on KRL's Saeed

PFF imposes two-match ban on KRL's Saeed

Khan Research Laboratories (KRL)'s former skipper and stopper Aseed Saeed will serve a two-match ban for taking law into hands, while sitting in dugout during scoreless KRL-KPT match of Pakistan Premier Soccer League 2009 last Sunday.
Published 10 Dec, 2009 12:00am
Three years and nine months for blackmail of football billionaire

Three years and nine months for blackmail of football billionaire

A man was sentenced to three years and nine months in prison on Wednesday for blackmailing German billionaire Dietmar Hopp, a key investor in Hoffenheim football club. Ralf M, a haulier from the town of Gemmingen near Stuttgart, was found guilty of extort
Published 10 Dec, 2009 12:00am
No employee of Sports Board to be sacked

No employee of Sports Board to be sacked

Provincial Minister for Sports and Chairman Sports Board Dr Tanvir-ul-Islam has said that no employee of Sports Board Punjab will be removed from service and medical facility will also be provided to the employees. He said this, while presiding over a mee
Published 10 Dec, 2009 12:00am
City duo hit by swine flu

City duo hit by swine flu

Staff and players at Manchester City have undergone tests for the H1N1 virus, or swine flu, after two players were discovered with the illness, it was reported Wednesday. Slovakian winger Vladimir Weiss was ordered to stay at home instead of reporting for
Published 10 Dec, 2009 12:00am
China 'humiliated' at East Asian Games despite staying top

China 'humiliated' at East Asian Games despite staying top

China may be enjoying a comfortable lead in the medals table at the East Asian Games, but they have not had it all their own way, crashing out of the football and "humiliated" in men's basketball. China, population 1.3 billion, narrowly beat hosts Hong Ko
Published 10 Dec, 2009 12:00am
Terror charges for man in Germany over US targets

Terror charges for man in Germany over US targets

Germany has filed terrorism charges against a Turkish-German dual citizen allegedly linked to a member of a cell that plotted to attack US targets, prosecutors said Wednesday. The 24-year-old, identified only as Kadir T. in line with German privacy laws,
Published 10 Dec, 2009 12:00am
Three convicted over mid-air transatlantic bomb plot

Three convicted over mid-air transatlantic bomb plot

Three extremists were found guilty in London Wednesday of involvement in a foiled 2006 plot to blow up passenger airliners flying between Britain and North America. The plot aimed to kill thousands of people by bombing at least seven transatlantic airline
Published 10 Dec, 2009 12:00am
Thousands in Indonesia protest over graft

Thousands in Indonesia protest over graft

Thousands of Indonesians rallied Wednesday in several major cities under tight security to mark international anti-corruption day, slamming the government over a bank bailout scandal. Protestors denounced President Susilo Bambang Yudhoyono over the rescue
Published 10 Dec, 2009 12:00am
Somalia ready to escalate war against rebels

Somalia ready to escalate war against rebels

Somalia's president swore on Wednesday to intensify his war against insurgents blamed for a suicide bombing at a medical graduation ceremony last week that killed 22 people, including three government ministers. Sheikh Sharif Ahmed's fragile administratio
Published 10 Dec, 2009 12:00am
Jordan's king appoints new Prime Minister, government quits

Jordan's king appoints new Prime Minister, government quits

Close US ally Jordan's King Abdullah asked his palace aide Nasser Lozi to form a new cabinet to push forward economic reforms before parliamentary elections later next year, officials said on Wednesday. The new government comes after an abrupt move by Kin
Published 10 Dec, 2009 12:00am
China calls for more emissions cuts from US

China calls for more emissions cuts from US

China's top climate envoy called on President Barack Obama to increase a US offer to cut greenhouse gases, and said it would discuss a 2050 emissions goal only if rich nations offered more cash and carbon cuts. Xie Zhenhua said developed nations must comm
Published 10 Dec, 2009 12:00am
Uranium units not to confront IAEA: Ahmadinejad

Uranium units not to confront IAEA: Ahmadinejad

President Mahmoud Ahmadinejad said on Wednesday that Iran's plan to build 10 new uranium enrichment plants was not aimed at confronting the UN atomic watchdog, which censured Tehran last month, the state television website reported. He also said Iran will
Published 10 Dec, 2009 12:00am
Two men get jail for 1999 terrorism attacks in Moscow

Two men get jail for 1999 terrorism attacks in Moscow

Two men from Russia's troubled Caucasian region were handed jail sentences on Tuesday for attacks in 1999 that left one dead and 50 wounded, the Interfax news agency reported, quoting court sources. The two men - one sentenced to 15 years, the other to 25
Published 10 Dec, 2009 12:00am
Ukraine closes record armaments deal with Iraq

Ukraine closes record armaments deal with Iraq

Ukraine has sealed the biggest arms deal in the history of the country, worth 2.4 billion dollars, with Iraq, the Russian newspaper Nezavisimaya Gazeta reported Wednesday. "The Iraq deal will create orders for more than 80 Ukrainian firms," said Kiev parl
Published 10 Dec, 2009 12:00am
Nigerian police illegally kill hundreds a year: Amnesty

Nigerian police illegally kill hundreds a year: Amnesty

Hundreds of Nigerians are unlawfully killed by corrupt and ill-trained police officers each year and authorities are ignoring the problem, Amnesty International said on Wednesday. In a two-year investigation, Amnesty found rampant human rights violations
Published 10 Dec, 2009 12:00am
We're starting 'from scratch' in Afghanistan: Holbrooke

We're starting 'from scratch' in Afghanistan: Holbrooke

Senior US diplomat Richard Holbrooke has acknowledged that institution-building in Afghanistan would have to start "from scratch" in the ninth year of engagement, in an interview published Wednesday. Holbrooke, special envoy for Afghanistan and Pakistan,
Published 10 Dec, 2009 12:00am
Afghan mission to get what it needs: Gates

Afghan mission to get what it needs: Gates

Secretary of Defence Robert Gates visited US commanders in Afghanistan on Wednesday, promising that President Barack Obama's surge of extra forces would give them what they need for success against the Taliban. The US general in charge of training Afghan
Published 10 Dec, 2009 12:00am
Abbas in Egypt says no deal yet on Israeli Shalit

Abbas in Egypt says no deal yet on Israeli Shalit

Palestinian President Mahmoud Abbas said on Wednesday there was no deal for now between Israel and the Islamist group Hamas on freeing an Israeli soldier held in Gaza. Abbas, speaking after talks with President Hosni Mubarak, also said a European Union ca
Published 10 Dec, 2009 12:00am
Israeli parliament votes land-for-peace referendum law

Israeli parliament votes land-for-peace referendum law

The Israeli parliament on Wednesday passed the first reading of a bill requiring a referendum to approve a pullout from annexed east Jerusalem and the Golan Heights as part of any peace deal. Sixty-eight voted in favour, 22 against and one abstained. Anot
Published 10 Dec, 2009 12:00am
Hubble telescope finds 'never-seen' galaxies

Hubble telescope finds 'never-seen' galaxies

The Hubble telescope has captured some of the oldest galaxies yet seen in the universe using a new infared camera, scientists in Britain said Tuesday. The camera newly installed on the telescope by NASA astronauts has snapped the galaxies "which are likel
Published 10 Dec, 2009 12:00am
South Korean officers get medals for clash with North

South Korean officers get medals for clash with North

South Korea Wednesday honoured 40 officers with medals and citations for driving back a North Korean patrol boat during a naval clash last month. Eleven officers including Lieutenant Kim Sang-Hun were awarded medals while 29 others received certificates o
Published 10 Dec, 2009 12:00am
First Airbus A400 test flight set for Friday

First Airbus A400 test flight set for Friday

The long-delayed Airbus A400M military transport plane will make its first test flight in southern Spain on Friday, the European Aeronautic Defence and Space (EADS) company confirmed. "Take-off is scheduled for 10:00 am (1100 GMT)" in Seville, an EADS spo
Published 10 Dec, 2009 12:00am
Controversy mounts over 'war president' Obama's Nobel

Controversy mounts over 'war president' Obama's Nobel

Controversy mounted Wednesday over the choice of US President Barack Obama as the Nobel Peace Prize laureate on the eve of the award ceremony in Oslo, as public opinion judged him unworthy of the prize. Obama, scheduled to arrive in the Norwegian capital
Published 10 Dec, 2009 12:00am
India's Hyderabad simmers as protests mount for separate state

India's Hyderabad simmers as protests mount for separate state

Tension mounted in India's southern city of Hyderabad Wednesday as students clashed with police over demands for a separate state, news reports said.The police arrested at least 100 students and teachers of Osmania University, which has become the epicent
Published 10 Dec, 2009 12:00am
Swiss bank data stolen by French investigators

Swiss bank data stolen by French investigators

An employee for the Swiss bank HSBC in Geneva stole data from thousands of secret bank accounts and handed the information to French tax-fraud investigators, the daily Le Parisien reported Wednesday. This alleged data theft may have been the source for th
Published 10 Dec, 2009 12:00am
Myanmar junta calls Suu Kyi 'dishonest'

Myanmar junta calls Suu Kyi 'dishonest'

Myanmar's ruling junta on Wednesday dismissed reconciliatory moves by opposition leader Aung San Suu Kyi as insincere and dishonest, dealing a blow to efforts to engage with the reclusive regime. The rebuke came just as the 64-year-old Nobel peace laureat
Published 10 Dec, 2009 12:00am
Local government resigns over Russia fire

Local government resigns over Russia fire

The local government of the Russian region where 125 people died in a night-club fire quit on Wednesday, in a rare mass resignation after one of the deadliest accidents in Russia's recent history. The resignations in the Urals region of Perm were highly u
Published 10 Dec, 2009 12:00am
Taiwan unveils leather shoes that can change colour

Taiwan unveils leather shoes that can change colour

Taiwan researchers on Wednesday unveiled leather shoes that can change colour when they come in contact with sunlight. The invention by the Footwear & Recreation Technology Research Institute wants to make women's shoes more colourful and make wearers awa
Published 10 Dec, 2009 12:00am
Police lend cash-strapped Prince Charles money

Police lend cash-strapped Prince Charles money

Britain's Prince Charles borrowed nearly 3,000 pounds from his protection officers after the royal found himself short of cash and needing to fork out for "travel expenses," a report said Wednesday. The heir to the throne repaid the 2,744.34 pounds (3,029
Published 10 Dec, 2009 12:00am
Kuwait MPs file motions to unseat prime minister

Kuwait MPs file motions to unseat prime minister

Kuwait entered a new period of political turmoil Wednesday after opposition MPs filed two motions to oust the prime minister and his interior minister over corruption charges. Prime Minister Sheikh Nasser Mohammad al-Ahmad al-Sabah and Interior Minister S
Published 10 Dec, 2009 12:00am
EU minorities face 'shocking' discrimination

EU minorities face 'shocking' discrimination

Migrants and minorities in the European Union face "shocking" levels of discrimination and most fail to report incidents to authorities, a report from the bloc's main rights body showed on Wednesday. The survey, covering 23,000 people from all EU countrie
Published 10 Dec, 2009 12:00am
Protest paralyses Chile Chuqui copper mine

Protest paralyses Chile Chuqui copper mine

Union works have blocked roads and halted mining activities at Chile's massive Chuquicamata mine on Wednesday over a wage dispute with owner Codelco, the world's No 1 copper producer. "It is paralysed," a spokeswoman said of the mine that produced 315,000
Published 10 Dec, 2009 12:00am
Bangladesh to import electricity from India

Bangladesh to import electricity from India

Bangladesh will import up to 1,200 megawatts (MW) of electricity from India by the middle of 2012 to meet its fast growing demand for power, a senior government official said on Wednesday. "There will be an umbrella agreement under which we will import el
Published 10 Dec, 2009 12:00am
Khamenei wins 'dictator of the year' award

Khamenei wins 'dictator of the year' award

Iran's Supreme Leader Ayatollah Ali Khamenei was Wednesday selected as winner of "dictator of the year prize," students at Oslo University said.The Iranian leader was chosen from 11 candidates - selected by human rights experts - including North Korean le
Published 10 Dec, 2009 12:00am
Interbank rates becalmed despite sector worry

Interbank rates becalmed despite sector worry

Heightened worries about the banking sector's exposure to some debt-laden firms in Dubai have done little to unsettle the interbank money markets, a decline in benchmark lending rates showed on Wednesday. US stocks saw few gains, in part due to concerns o
Published 10 Dec, 2009 12:00am
Sterling briefly rallies

Sterling briefly rallies

Sterling briefly rallied against the euro and the dollar on Wednesday after UK finance minister Alistair Darling said there will be no windfall tax on bank profits. Darling's announcement came in his UK pre-budget report. Sterling briefly hit a high for t
Published 10 Dec, 2009 12:00am
Euro recovers in London

Euro recovers in London

The euro rose against the dollar on Wednesday, recovering from its lowest in more than a month after Greece's credit rating was downgraded the previous day, as investors decided selling had been overdone. The dollar had earlier advanced broadly after Fitc
Published 10 Dec, 2009 12:00am
Indian rupee springs back

Indian rupee springs back

The rupee rebounded on Wednesday as exporters cash in their dollars after the Indian unit fell to a near two-week low in early trade. The dollar's losses against majors also helped. The partially convertible rupee closed at 46.535/545 per dollar after hit
Published 10 Dec, 2009 12:00am
Wednesday's midday trade: markets little changed

Wednesday's midday trade: markets little changed

US stocks were little changed on Wednesday as an unexpected rise in October wholesale inventories was offset by continued concerns on foreign debt and a weak outlook in the tech sector. Gains were limited by concerns over the credit ratings of Greece and
Published 10 Dec, 2009 12:00am
Gulf shares keep falling

Gulf shares keep falling

Share prices in the United Arab Emirates were battered again on Wednesday over Dubai's worsening debt woes, as the Gulf country insisted it was coping with the global economic crisis. The Dubai Financial Market shed 6.39 percent to finish at 1,533.36 poin
Published 10 Dec, 2009 12:00am
Indian stocks down

Indian stocks down

Indian stocks slipped 0.59 percent Wednesday in line with weaker Asian and European markets that were hit by fresh concerns about global economic recovery. The benchmark 30-share Sensex closed down 102.46 points at 17,125.22. "The markets were choppy and
Published 10 Dec, 2009 12:00am
European corporate CDS mixed

European corporate CDS mixed

European corporate credit derivatives were mixed on Wednesday with the market focused on sovereign CDS for a second day as Greece led a slump. Five-year CDS on Greece widened to 229 basis points after opening at 218 basis points, a trader said.
Published 10 Dec, 2009 12:00am
European corporate CDS mixed

European corporate CDS mixed

European corporate credit derivatives were mixed on Wednesday with the market focused on sovereign CDS for a second day as Greece led a slump. Five-year CDS on Greece widened to 229 basis points after opening at 218 basis points, a trader said.
Published 10 Dec, 2009 12:00am
Britain's top share index falls

Britain's top share index falls

Falls in energy firms and food retailers pushed Britain's top shares 0.4 percent lower on Wednesday, offsetting gains in miners, as Spain's rating outlook cut added to concerns about the global economy's health. The FTSE 100 closed 19.24 points lower at 5
Published 10 Dec, 2009 12:00am
New York cotton down at midday

New York cotton down at midday

Prices of ICE Futures US cotton and frozen concentrated orange juice futures during midday trade on Wednesday. March cotton down 0.17 cent at 74.04 cents per lb by 11:06 am EST (1606 GMT). Trading from 73.57 to 74.48 cents. March contract volume at 3,660
Published 10 Dec, 2009 12:00am
Quality issues raising concerns about US corn

Quality issues raising concerns about US corn

Planting delays in the US Corn Belt during the spring and a wet harvest has produced a surplus of low-quality corn that is forcing dealers on the export market to blend supplies to meet the standards of overseas buyers, traders and analysts said.
Published 10 Dec, 2009 12:00am
London cocoa hits highest level in over 25 years

London cocoa hits highest level in over 25 years

March robusta coffee rose $18 at $1,406 a tonne, supported by a weaker dollar in London on Wednesday. Arabica premium to robustas seen remaining wide due to a shortage of high quality arabicas. March white sugar in London ended off $10.1 at $599.80 a tonn
Published 10 Dec, 2009 12:00am
Copper under pressure

Copper under pressure

Copper had a volatile session on Wednesday, touching its lowest level in more than a week as worries over rising inventories and mounting debt snuffed out a rally inspired by a surge of new investor cash. Benchmark copper for three-month delivery on the L
Published 10 Dec, 2009 12:00am
Oil falls below $71

Oil falls below $71

Oil dropped more than 2 percent to below $71 a barrel on Wednesday, after government data showed larger-than-expected builds in US refined products. US crude for January delivery dropped $1.78 to $70.84 a barrel by 1:19 pm EST (1819 GMT). London Brent cru
Published 10 Dec, 2009 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose over 1 percent in Europe on Wednesday, recovering from the three-week lows it hit in the previous session, as the dollar weakened against the euro on concern selling of the single currency had been overdone. Spot gold was bid at $1,144.95 an oun
Published 10 Dec, 2009 12:00am
US MIDDAY: coffee, cocoa rally; sugar down

US MIDDAY: coffee, cocoa rally; sugar down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. March arabica coffee contract up 1.30 cents at $1.4520 per lb by 11:50 am EST (1650 GMT). Session range spanned $1.44 to $1.4665. Arabica coffee futures maintained early g
Published 10 Dec, 2009 12:00am
US MIDDAY: soya, corn and wheat slip

US MIDDAY: soya, corn and wheat slip

Soyabean futures on the Chicago Board of Trade tumbled at midsession on Wednesday, with front-month January falling to the lowest level in more than a week as crude oil prices fell, traders said. As of 11:22 am CST (1722 GMT), January soyabeans were down
Published 10 Dec, 2009 12:00am
US MIDDAY: copper steadies

US MIDDAY: copper steadies

US copper futures steadied in early business on Wednesday as renewed weakness in the dollar helped prices of the metal recover from 1-1/2-week lows, while rising inventories and lingering debt concerns in Greece and Dubai capped momentum. Copper for March
Published 10 Dec, 2009 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures rose toward $1,150 an ounce on midday trade on Wednesday, reversing early weakness as a sliding dollar more than offset outflows at the world's largest gold-backed exchange-traded fund. COMEX February gold up $2.30 at $1,145.70 an ounce at
Published 10 Dec, 2009 12:00am
Balochistan expects 'big brothers' to accept viewpoint: Kurd

Balochistan expects 'big brothers' to accept viewpoint: Kurd

Balochistan Minister for Finance Muhammad Asim Kurd on Wednesday said that his province expected brotherly attitude from all the three big provinces in understanding and accepting its view point on NFC-Award. He was talking to newsmen upon his arrival to
Published 10 Dec, 2009 12:00am
District Nazim reviews arrangements for All Pakistan Mushaira

District Nazim reviews arrangements for All Pakistan Mushaira

All arrangements have been finalised by the District Government Hyderabad to organise All Pakistan Mushaira in befitting manner tomorrow here at Hasrat Mohani Central District Library. According to programme, Sindh Minister for Trade and Industries Rauf S
Published 10 Dec, 2009 12:00am
LUMHS convocation on December 14

LUMHS convocation on December 14

The Governor of Sindh, Dr Ishrat-ul-Ibad, will preside over the 8th Academic Convocation of Liaquat University of Medical and Health Sciences Jamshoro on December 14. This was stated by the Vice Chancellor Professor Dr Naushad Ahmed Shaikh presiding over
Published 10 Dec, 2009 12:00am
Resolution of Kashmir issue needed for peace: Mullen

Resolution of Kashmir issue needed for peace: Mullen

The US Military Chief, Admiral Mike Mullen has urged Pakistan and India to settle the Kashmir issue, stressing that the resolution of this 62-year old dispute was important for restoring peace to the South Asian region. According to Kashmir Media Service,
Published 10 Dec, 2009 12:00am
Human Rights Day being observed today

Human Rights Day being observed today

Upholding the Charter of Human Rights, UN Pakistan, together with entire world, has chalked out elaborate plans to observe Human Rights Day on Thursday (today). On this day in 1948, the United Nations General Assembly (UNGA) adopted the Universal Declarat
Published 10 Dec, 2009 12:00am
Drive against terror suspects: 200 persons mostly without NICs held

Drive against terror suspects: 200 persons mostly without NICs held

Security agencies launched a crackdown against terror suspects in industrial city and rounded up more than 200 persons most of them without National ID cards. According to details, law enforcement agencies arrested more than 200 people for investigation f
Published 10 Dec, 2009 12:00am
USAID-Pakistan Trade Project launched

USAID-Pakistan Trade Project launched

A four-year USAID-Pakistan Trade Project has been launched to enhance trade related policies in the country, says Shagufta Naz, Gender Advisor USAID Pakistan Trade project. Talking to Business Recorder here on Wednesday at Sialkot Chamber of Commer
Published 10 Dec, 2009 12:00am
Muharram: security steps should be finalised soon: Commissioner

Muharram: security steps should be finalised soon: Commissioner

Divisional Commissioner Tahir Hussain has said that according to the directions of Punjab government, security arrangements for observing Muharram should be finalised soon. Talking to newsmen on Wednesday the commissioner said that for the elimination of
Published 10 Dec, 2009 12:00am
Huge amount allocated for 'Pyara Kashmir Programme'

Huge amount allocated for 'Pyara Kashmir Programme'

A huge amount of Rs 10722.448 million for seven-year developmental package under 'Pyara Kashmir programme' has been allocated and in current year various development projects would be launched in Line of Control (LoC) areas, said the Additional Chief Secr
Published 10 Dec, 2009 12:00am
Export of yarn: value-added textile sector rejects free market mechanism

Export of yarn: value-added textile sector rejects free market mechanism

Value-added textile sector has rejected the phenomenon of free market mechanism for exporting of yarn and said that this system has been badly rejected globally as it has failed to produce desired results. Bangladesh banned the export of Jute to Pakistan
Published 10 Dec, 2009 12:00am
Protest rally against rise in LPG prices

Protest rally against rise in LPG prices

The Multan Motor Rickshaw Drivers Association held a protest rally against the rise in LPG prices at Hussain Agahi Chowk here on Wednesday. Rally was led by President of the Association, Abbas Umar Daraz and General Secretary Ameer Khan. Abbas Umar Daraz
Published 10 Dec, 2009 12:00am
Five health centers working in Dera Ghazi Khan for 200,000 people

Five health centers working in Dera Ghazi Khan for 200,000 people

Project Manager, Community Support Concern (CSC), Dr Noor-ul-Zaman Rafiq has said that CSC is working in the far fledge areas of the country where the health facilities are not available to common people. He said that five health centers are working in De
Published 10 Dec, 2009 12:00am
Workshop to develop strategy for promotion of health

Workshop to develop strategy for promotion of health

Punjab Health department is organising a workshop in collaboration with World Health Organisation (WHO) to develop strategy for the promotion of health and education in the province. The workshop will be held at the Directorate General Health Services Pun
Published 10 Dec, 2009 12:00am
International Human Rights Day: IHK Bar to organise seminar today

International Human Rights Day: IHK Bar to organise seminar today

The High Court Bar Association of occupied Kashmir will organise a seminar on International Human Rights Day to observed on December 10 (Thursday). According to Kashmir Media Service, the seminar titled "Human rights violations in occupied Kashmir and rol
Published 10 Dec, 2009 12:00am
Obama's Afghanistan plan

Obama's Afghanistan plan

About a half a century ago, an ambitious and charismatic American president inherited a confined war. Soon, he owned the war! His name was John F Kennedy. About 50 years later, another brilliant and charming president has owned another inherited war, the
Published 10 Dec, 2009 12:00am
Peace prize awaits 'war president' Obama in Oslo

Peace prize awaits 'war president' Obama in Oslo

US President Barack Obama will have to put on his best balancing act when he arrives Thursday in Oslo to accept the Nobel Peace Prize, a week after ordering a major escalation of the fight in Afghanistan. Receiving one of the world's most coveted and cele
Published 10 Dec, 2009 12:00am
Tough election challenge to Mubarak unlikely

Tough election challenge to Mubarak unlikely

Former nuclear watchdog Mohamed ElBaradei's bombshell that he is considering running for Egypt's presidency in 2011 will not translate into a competitive election, even if he succeeds in entering the race. But the move could signal that the 67-year-old fo
Published 10 Dec, 2009 12:00am
Viewpoint: The new US stance

Viewpoint: The new US stance

The Americans have suddenly decided to stop publicly pressuring Pakistan to find Osama bin Laden. Talking to the ABC News, the other day, regarding the whereabouts of the world's most wanted terrorist, Defence Secretary Robert Gates admitted that "it's be
Published 10 Dec, 2009 12:00am
Peace in South Asia

Peace in South Asia

Addressing foreign correspondents at the Foreign Press Centre, Admiral Mike Mullen said that Kashmir was a principal question and that Pakistan and India needed to address it. He urged both countries to settle the issue, stressing that the resolution of t
Published 10 Dec, 2009 12:00am
The Punjabi Taliban

The Punjabi Taliban

In the last couple of days, terrorists have struck with unprecedented ferocity. Clearly, the curse of terrorism is now stalking Punjab, proving right the earlier fears that with the base of terrorism in South Waziristan destroyed, the terrorists would fan
Published 10 Dec, 2009 12:00am
OPIC a good example

OPIC a good example

A US official, while introducing a two-member delegation from the Overseas Private Investment Corporation (OPIC) stated that irrespective of the number of terrorist attacks in Pakistan, it is still considered a safe and potential destination for business
Published 10 Dec, 2009 12:00am
NFC Award to be beneficial for all provinces: Shahbaz

NFC Award to be beneficial for all provinces: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif chairing a meeting of Punjab Cabinet here on Wednesday implored that in order to strengthen the federation, provinces should be given more share than their financial sources in NFC Award. He said development o
Published 10 Dec, 2009 12:00am
TriStar Modaraba to set up 110 megawatts power plant near Hawkesbay

TriStar Modaraba to set up 110 megawatts power plant near Hawkesbay

The First Tri-Star Modaraba would set up gas-fired power generation plant, with capacity of 110 mw, at Hawkesbay. In this regard, the National Electric Power Regulatory Authority (Nepra) has granted electric power generation licence to First Tri-Star Moda
Published 10 Dec, 2009 12:00am
Blood camp for Moon Market victims

Blood camp for Moon Market victims

The Lahore Chamber of Commerce and Industry (LCCI) in collaboration with Sundas Foundation has established a Blood Camp at its premises for Moon Market victims on Thursday (today). The LCCI President Zafar Iqbal Chaudhry and Senior Vice President Ijaz A M
Published 10 Dec, 2009 12:00am
'Larkana to Peking'

'Larkana to Peking'

Federal minister for education Mir Hazar Khan Bajarani will be the chief guest at the launching ceremony of international edition of senior journalist Mahmood Shaam's book "Larkana to Peking", published by National Book Foundation under Federal Ministry o
Published 10 Dec, 2009 12:00am
PPP defers Cabinet reshuffle until judgement on NRO

PPP defers Cabinet reshuffle until judgement on NRO

Federal government has deferred Cabinet reshuffle until the Supreme Court judgement on the National Reconciliation Ordinance (NRO), according to sources. Party sources said the PPP leadership has decided to defer the decision to avoid further dent to the
Published 10 Dec, 2009 12:00am
Need to hold talks with nationalist leaders urged

Need to hold talks with nationalist leaders urged

Minister of State for Industry and Production, Dr Aytullah Durrani on Wednesday called for need of holding talks with nationalist leaders which would be a key to success of the efforts to find long-lasting solution of Balochistan's problems.
Published 10 Dec, 2009 12:00am
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