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Print - 2010-01-01
Chinese shares finish up 80 percent for 2009

Chinese shares finish up 80 percent for 2009

Chinese shares rose 0.45 percent on Thursday to finish the year up 80 percent, driven by economic recovery and improved corporate earnings, dealers said. The benchmark Shanghai Composite Index, which covers A and B shares, closed up 14.54 points at 3,277.
Published 01 Jan, 2010 12:00am
Toronto stocks end firmer

Toronto stocks end firmer

Toronto's main stock index ended slightly higher on Wednesday in light trading on the second last session of the year as energy and financial stocks got a boost from US economic data that came in well above forecasts. Entering the session, the S&P/TSX com
Published 01 Jan, 2010 12:00am
Euribor three-month rate heads into 2010 at record low

Euribor three-month rate heads into 2010 at record low

Benchmark Euribor three-month lending rates stayed at record lows on Thursday, suggesting the glut of cash pumped into money markets by the European Central Bank has helped see off possible year-end tensions. The three-month rate, traditionally the main g
Published 01 Jan, 2010 12:00am
Yuan ends 2009 with dollar peg intact

Yuan ends 2009 with dollar peg intact

The yuan closed steady against the dollar on Thursday and finished 2009 with its peg against the US currency intact as China resists international pressure to allow the yuan to appreciate to address trade imbalances.
Published 01 Jan, 2010 12:00am
US dollar climbs to 3-1/2 month peak

US dollar climbs to 3-1/2 month peak

The dollar rose against most currencies on Wednesday, hitting its highest level against the yen in more than three months on year-end buying and a report suggesting the US economy is on a stable path to recovery. Data showing US Midwest business activity
Published 01 Jan, 2010 12:00am
Hong Kong dollar subdued

Hong Kong dollar subdued

The Hong Kong dollar barely moved on Thursday, trapped in a range between 7.7544 and 7.7552 to the US dollar with thin activity ahead of the New Year's Day holiday. "It's pretty much rangebound on the last trading day of the year. I think there was only p
Published 01 Jan, 2010 12:00am
Asian currencies: rupiah outperforms in 2009

Asian currencies: rupiah outperforms in 2009

The high-yielding Indonesian rupiah rose on Thursday, finishing the year with a 17 percent rally on the back of capital inflows, and further gains in Asian currencies are expected despite the dollar's resurgence. The US dollar's rebound since early Decemb
Published 01 Jan, 2010 12:00am
'Vision Asia' to strengthen Pakistan football: Faisal

'Vision Asia' to strengthen Pakistan football: Faisal

Pakistan Football Federation (PFF) President Faisal Saleh Hayat (MNA) has acclaimed the launch of the 'Vision Asia' as a milestone in the country's football history and called 2009 as one of the most successful years in 62-year history of Pakistan.
Published 01 Jan, 2010 12:00am
Soccer industry failing to recapture international markets

Soccer industry failing to recapture international markets

Exporters and manufacturers have expressed their deep concern over the unscheduled electricity load shedding of 12-14 hours daily in the export-oriented city and hub of cottage industry and foreign exchange earner of US 1 billion dollar annually, through
Published 01 Jan, 2010 12:00am
United and Arsenal keep pressure on leaders Chelsea

United and Arsenal keep pressure on leaders Chelsea

Manchester United closed the gap on Premier League leaders Chelsea to two points with a 5-0 rout of Wigan, while Arsenal are also firmly in the title race after thrashing Portsmouth 4-1 on Wednesday. In the last Premier League games of the decade, it was
Published 01 Jan, 2010 12:00am
No possibility of sending Younus to Australia

No possibility of sending Younus to Australia

After Pakistan's defeat by 170 runs in the first test against Australia, Pakistan Cricket Board (PCB) has instructed the Team Management in Australia to send Fawad Alam and Abdur Rauf back immediately in order to reduce the size of squad to 15 players. Th
Published 01 Jan, 2010 12:00am
Too much T20 will finish Pakistan cricket: Yousuf

Too much T20 will finish Pakistan cricket: Yousuf

"Too much emphasis on Twenty20 has triggered a decline in Pakistan cricket and the format threatens to finish the game altogether in the country," fears captain Mohammad Yousuf. Yousuf feels ever since introduction of slam-bang format, in which Pakistan a
Published 01 Jan, 2010 12:00am
Attacks spell unforgettable year for Pakistan

Attacks spell unforgettable year for Pakistan

The attack on the touring Sri Lankan team decimated Pakistan's international cricket and made 2009 one of the worst years for a sport followed by millions, former captain Wasim Akram said Thursday. "Attacks on the Sri Lankan team blew away our cricket," W
Published 01 Jan, 2010 12:00am
Washington Times dropping sports section

Washington Times dropping sports section

The financially troubled Washington Times axed its sports section Wednesday, just days after announcing it will no longer publish a Sunday edition. The conservative-leaning newspaper began laying off at least 40 percent of its 370 employees earlier this m
Published 01 Jan, 2010 12:00am
Mortaza to miss out on tri-series

Mortaza to miss out on tri-series

Bangladesh on Thursday left out first-choice captain and fast bowler Mashrafe Mortaza for a one-day cricket tri-series that begins next week after he failed to recover quickly enough from a knee injury. Mortaza, 26, damaged his knee during the first Test
Published 01 Jan, 2010 12:00am
Indian team in Pakistan for boxing contest

Indian team in Pakistan for boxing contest

India sent its first sports team to Pakistan in more than a year on Thursday as a seven-member boxing team flew into Karachi to compete in a international tournament. The boxers are the first Indian sports team to cross the border since India stalled spor
Published 01 Jan, 2010 12:00am
South Chinese kills six in knife attack: state media

South Chinese kills six in knife attack: state media

A man in south China has been charged with killing six people and injuring nine others with a knife used to slaughter pigs in the latest in a recent spate of mass murders, state media said Thursday. Huang Yangfang, 46, was arrested following Wednesday's k
Published 01 Jan, 2010 12:00am
137 journalists killed in 2009

137 journalists killed in 2009

A total of 137 journalists were killed in 2009, one of the most lethal years for media workers on record, the International Federation of Journalists (IFJ) said Thursday.The Brussels-based organisation said that 113 of the journalists had fallen victim to
Published 01 Jan, 2010 12:00am
Al Qaeda wants ransom for Spanish hostages

Al Qaeda wants ransom for Spanish hostages

The north African branch of al Qaeda is demanding seven million dollars and the release of several of its members in return for three Spanish hostages held in Mali, a report said Thursday. According to the El Mundo newspaper, the Spanish government was aw
Published 01 Jan, 2010 12:00am
Israel, US 'not discussing' military option on Iran

Israel, US 'not discussing' military option on Iran

A US-Israeli dialogue on Iran has not reached the point of discussing a military option to thwart its nuclear ambitions, focusing instead on sanctions in 2010, Israel's envoy to Washington said on Thursday. At the close of a year in which US President Bar
Published 01 Jan, 2010 12:00am
US mulls new sanctions on Iran as year ends

US mulls new sanctions on Iran as year ends

The Obama administration seemed more firmly set on pushing for fresh UN sanctions against Iran as Iranian leaders balk at a year-end deadline to engage world powers on their nuclear plans. However, with a UN diplomatic source in New York saying preliminar
Published 01 Jan, 2010 12:00am
Lithuania shuts down Soviet-built nuclear reactor

Lithuania shuts down Soviet-built nuclear reactor

Engineers at Lithuania's Soviet-built nuclear power plant began shutting down a Soviet-build nuclear reactor Thursday as part of an agreement with the European Union, which considers the Chernobyl-type machine unsafe. The shutdown has been greeted with an
Published 01 Jan, 2010 12:00am
Edgar Degas painting stolen from French museum

Edgar Degas painting stolen from French museum

A painting by French impressionist artist Edgar Degas was stolen from a museum on Wednesday night in Marseille in southern France, the city's prosecutor said. The painting, named "The Chorus", was worth an estimated 30 million euros ($43.02 million), loca
Published 01 Jan, 2010 12:00am
Four killed in apartment building fire in Spain

Four killed in apartment building fire in Spain

Officials say four people have died while trying to escape a blazing apartment building in Spain's second-largest city, Barcelona. Ricard Goma, acting mayor of the north-eastern port city, said Thursday a woman of Peruvian nationality, her son and daughte
Published 01 Jan, 2010 12:00am
7,500 Palestinians still in Israeli jails: ministry

7,500 Palestinians still in Israeli jails: ministry

At least 7,500 Palestinians were being held in Israeli jails and detention facilities at the end of 2009, the Palestinian Authority said on Thursday. The detainees include 34 women, 310 children and 304 people being held under administrative detention wit
Published 01 Jan, 2010 12:00am
China jails Tibetan monk over disputed arms case

China jails Tibetan monk over disputed arms case

A Tibetan Buddhist monk has been jailed for eight and a half years by a Chinese court on arms and property charges, his former lawyers said on Thursday, in one of the most high-profile convictions following unrest last year. Phurbu Tsering is a "living Bu
Published 01 Jan, 2010 12:00am
Chinese Muslim region adopts national unity law

Chinese Muslim region adopts national unity law

The government of a restive Chinese Muslim region rocked recently by ethnic strife said Thursday it has adopted what appeared to be a sweeping law barring the spread of views deemed to threaten national unity. The far-western, predominantly Muslim region
Published 01 Jan, 2010 12:00am
Fat South African cops to be whipped into shape

Fat South African cops to be whipped into shape

South Africa's star athletes are to put the country's out-of-shape police officers through a fitness regime, less than six months before the World Cup kicks off. In a country where the staple food is a carb-packed maize porridge, many police are too fat t
Published 01 Jan, 2010 12:00am
China arrests four foreigners over heroin haul

China arrests four foreigners over heroin haul

Four foreigners may face execution in China over a big seizure of heroin, a Hong Kong newspaper reported on Thursday, after China and Britain clashed over the execution of a Briton found guilty of drug smuggling. The four were among nine people arrested o
Published 01 Jan, 2010 12:00am
Canada to delay opening of Parliament

Canada to delay opening of Parliament

Canada's Parliament won't convene until after the Winter Olympics, which are being held in Vancouver and nearby Whistler from February 12 to February 28, in a move seen as buying Prime Minister Stephen Harper time to reorder his political agenda. The move
Published 01 Jan, 2010 12:00am
'Eight Afghans killed in weekend raid were students'

'Eight Afghans killed in weekend raid were students'

The United Nations said on Thursday that eight Afghan students died in a controversial night-time raid last weekend, which Nato-led forces say only targeted insurgents but Afghan officials say killed 10 civilians. Kai Eide, UN Special Representative in Af
Published 01 Jan, 2010 12:00am
Sterling gains

Sterling gains

Sterling jumped to a 10-day high against the dollar on Thursday as year-end position adjustments led to a broad sell-off in the US currency, with thin trading sparking exaggerated price movements. The pound also extended gains against the euro as month- a
Published 01 Jan, 2010 12:00am
Dollar dips in London

Dollar dips in London

The dollar fell broadly on Thursday on year-end position adjustment in thin, illiquid trade which prompted exaggerated price movements. Analysts said little could be read into the day's volatile movements and that the jury remained out on whether the doll
Published 01 Jan, 2010 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose to its highest in almost three weeks on Thursday and gained 4.7 percent in 2009, supported by a rise in local shares, which touched their highest in 18 years during the year. The partially convertible rupee ended at 46.53/54 per doll
Published 01 Jan, 2010 12:00am
Asian credit spreads consolidate

Asian credit spreads consolidate

Asian dollar bonds ended the year on a quiet note with spreads consolidating at 19-month lows, after a solid 2009 in which the benchmark index gave investors a total return of over 25 percent. A continuing flow of upbeat economic data from the United Stat
Published 01 Jan, 2010 12:00am
Asian credit spreads consolidate

Asian credit spreads consolidate

Asian dollar bonds ended the year on a quiet note with spreads consolidating at 19-month lows, after a solid 2009 in which the benchmark index gave investors a total return of over 25 percent. A continuing flow of upbeat economic data from the United Stat
Published 01 Jan, 2010 12:00am
Thursday's midday trade: Wall Street drops

Thursday's midday trade: Wall Street drops

US stocks fell on Thursday despite data that showed the number of people filing for jobless benefits fell to the lowest level in about 17 months. While shares slipped in the last trading session of 2009, the three major US stock indexes were on track to p
Published 01 Jan, 2010 12:00am
Europe CDS little changed

Europe CDS little changed

European corporate credit default swap spreads were barely changed on Thursday alongside flat European equity markets. CDS spreads reached their tightest levels for the year on December 29, but have edged wider since then in very thin trading ahead of the
Published 01 Jan, 2010 12:00am
Europe CDS little changed

Europe CDS little changed

European corporate credit default swap spreads were barely changed on Thursday alongside flat European equity markets. CDS spreads reached their tightest levels for the year on December 29, but have edged wider since then in very thin trading ahead of the
Published 01 Jan, 2010 12:00am
India stocks rise

India stocks rise

Indian shares closed up 0.70 percent on Thursday, capping a year that has seen the benchmark Sensex index rise nearly 80 percent - its biggest annual gain in 18 years. The 30-share index touched a 20-month high during the day before closing up 120.99 poin
Published 01 Jan, 2010 12:00am
Britain's top share index gains

Britain's top share index gains

Britain's leading share index gained 0.3 percent after a subdued half-day trading session on New Year's Eve, registering a 22 percent year-on-year increase for 2009, its biggest annualised gain since 1997. At the 12.30 GMT close, the FTSE 100 index was up
Published 01 Jan, 2010 12:00am
New York cotton futures higher

New York cotton futures higher

Cotton futures settled fractionally firmer on Thursday in thin dealings as most players were away from their trading desks ahead of the New Year break, brokers said. The cotton market will be shut Friday and trading will resume on Sunday night. The key Ma
Published 01 Jan, 2010 12:00am
London copper hits fresh 16-month highs

London copper hits fresh 16-month highs

Copper prices rose more than 1 percent to a fresh 16-month high on Thursday, notching a 139 percent year-on-year rise, as fund buying and a looming mine strike in Chile buoyed prices on the final trading day of 2009. Benchmark copper for three-month deliv
Published 01 Jan, 2010 12:00am
Oil rises above $79

Oil rises above $79

Oil finished the year above $79 a barrel on Thursday, climbing a whopping 78 percent in 2009 and notching the biggest annual gain in a decade. The market roared back from depressed levels seen at the end of 2008 that came as the global economic crisis sap
Published 01 Jan, 2010 12:00am
London sugar more than doubles in 2009

London sugar more than doubles in 2009

White sugar futures touched a record peak on the last day of 2009 and raw sugar nudged near 29-year highs due to tight supplies. London cocoa ended the year up by over a quarter and robustas were down 14 percent. Sugar futures more than doubled in 2009 du
Published 01 Jan, 2010 12:00am
Gold climbs in London

Gold climbs in London

Gold rose 1 percent to above $1,100 an ounce in Europe on Thursday as the dollar slipped against the euro, boosting interest in the precious metal as an alternative asset. Trading was thin in the run-up to the New Year holiday, with many market participan
Published 01 Jan, 2010 12:00am
US MIDDAY: coffee and cocoa firm

US MIDDAY: coffee and cocoa firm

Arabica coffee and US cocoa futures moved higher early Thursday, the last trading day of 2009, buoyed by the weak US dollar and firm commodity complex, traders said. The markets will be closed Friday for the New Year's Day holiday and will reopen for regu
Published 01 Jan, 2010 12:00am
US MIDDAY: sugar climbs

US MIDDAY: sugar climbs

Raw sugar futures on ICE Futures US at 1255 GMT. March raw sugar contract gained 0.26 cent to 27.22 cents per lb. Ranging from 26.92 to 27.30 cents. Volume in March contract at light 2,132 lots.
Published 01 Jan, 2010 12:00am
US MIDDAY: soya, corn and wheat higher

US MIDDAY: soya, corn and wheat higher

Chicago Board of Trade grains and soya complex at 12:09 pm CST (1809 GMT) on Thursday. March wheat was up 2-1/4 cents per bushel at $5.47. Speculative buying and hesitant selling ahead of expected index fund buying in early January. Some spillover support
Published 01 Jan, 2010 12:00am
US MIDDAY: copper surges

US MIDDAY: copper surges

US copper was up half percent to 16-month highs on Thursday as fund buying and a looming mine strike in Chile put the red metal on course for a 140 percent gain this year, its best in at least 20 years. Benchmark copper for March delivery was up 1.85 cent
Published 01 Jan, 2010 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures rebounded on Thursday as a dollar drop improved investor sentiment, and the metal is set to post its biggest yearly gain in three decades due to a combination of currency depreciation worries, central bank buying and doubts about the nasce
Published 01 Jan, 2010 12:00am
Sindh chief minister forms committee for fire-affected traders

Sindh chief minister forms committee for fire-affected traders

Chief Minister (CM) Syed Qaim Ali Shah on Thursday formed a committee to work on the rehabilitation of traders affected by arsoning of various markets on M. A. Jinnah Road. He set up the committee on a suggestion of Karachi Chamber of Commerce and Industr
Published 01 Jan, 2010 12:00am
17th Amendment to go by March 31, 2010: Khurshid

17th Amendment to go by March 31, 2010: Khurshid

Federal Minister for Labour and Manpower, Khurshid Ahmed Shah Thursday said that besides doing away with 17th Amendment, the provincial autonomy package will also be announced by March 31, 2010. "Like NFC, the present government also wants to solve such i
Published 01 Jan, 2010 12:00am
Troops field training exercise witnessed

Troops field training exercise witnessed

Corps Commander Lieutenant General Shahid Iqbal witnessed the troops under going field training exercise at Saleh Patt Field Firing Range. According to an ISPR press release, issued here on Thursday, troops of Pano Aqil Garrison participated in this one w
Published 01 Jan, 2010 12:00am
Sindh Cabinet meets today

Sindh Cabinet meets today

Sindh Cabinet is meeting here on Friday at 11-30 am at Chief Minister House. Sindh Chief Minister Syed Qaim Ali Shah will chair the meeting, says an official announcement.
Published 01 Jan, 2010 12:00am
Qaim visits Boulton, Lunda Bazar markets

Qaim visits Boulton, Lunda Bazar markets

Sindh Chief Minister Syed Qaim Ali Shah, paid a visit to the gutted commercial markets, shops and bazaars in acts of arson on the day of Ashura. He was accompanied by Senior Minister Pir Mazharul Huq, Home Minister Dr Zulfikar Ali Mirza, Law Minister Moha
Published 01 Jan, 2010 12:00am
KCCI, police set up joint facilitation desk

KCCI, police set up joint facilitation desk

Karachi Chamber of Commerce and Industry, and police have set up a joint facilitation desk at the Chamber to facilitate the affected persons of Boulten Market and other markets along M A Jinnah Road, which were set ablaze by anti-social elements on Decemb
Published 01 Jan, 2010 12:00am
Government to redress Balochistan's grievances: Gondal

Government to redress Balochistan's grievances: Gondal

The Federal Minister for Food and Agriculture, Nazar Muhammad Gondal has said that the present government is sincere in resolving the grievances of the people of Balochistan. He said that the Balochistan package and the historic NFC awards is a proof of g
Published 01 Jan, 2010 12:00am
Manual passport to be completely replaced with MRP by 2010

Manual passport to be completely replaced with MRP by 2010

The Machine Readable Passports (MRP) will replace the manual passports by 2010 in conformity with International Civil Aviation Organisation (ICAO) and thus the manual passport will not be entertained by any country for grant of visa after 2010. ICAO is a
Published 01 Jan, 2010 12:00am
Punjab to get Rs 70 billion in new NFC Award: Kaira

Punjab to get Rs 70 billion in new NFC Award: Kaira

According to the new formula of NFC Award Punjab would get Rs 70 billion more funds from the federation which would be used for welfare of people in the province. Provincial Minister for Finance Tanvir Ashraf Kaira said in an interview here on Thursday. H
Published 01 Jan, 2010 12:00am
Festival of displaced artisans opens at Lok Virsa

Festival of displaced artisans opens at Lok Virsa

A four-day festival featuring the works of displaced artisans from Swat opened here on Thursday at National Institute of Folk and Traditional Heritage, Lok Virsa. The event entitled 'Umeed-e-Nau' is jointly organised by the National Institute of Cultural
Published 01 Jan, 2010 12:00am
US terrorists shifted to Sargodha

US terrorists shifted to Sargodha

The five alleged US terrorists were shifted back to Sargodha from Lahore for interrogation, sources said on Thursday. These persons were shifted from Lahore to Cantt Station Sargodha on Thursday morning under a strict security of police contingent. A five
Published 01 Jan, 2010 12:00am
Karachi incident a plot to ruin national economy: PDPA

Karachi incident a plot to ruin national economy: PDPA

Chairman Pakistan Dry Ports Association (PDPA) Sheikh Ashfaq Ahmed has expressed deep concern over Karachi Ashura incident and termed it an outcome of a conspiracy to ruin the national economy. In a statement on Thursday, PDPA Chief said 44 precious lives
Published 01 Jan, 2010 12:00am
January 14 last date for postal ballot papers applications

January 14 last date for postal ballot papers applications

The Chief Election Commissioner has fixed January 14 as the last date for receipt of applications for postal ballot papers for bye-elections in the National/ Provincial Assembly constituencies No NA-21 Mansahra-II and PF-83 Swat-IV as 14th January 2010.
Published 01 Jan, 2010 12:00am
Destabilising government means weakening federation: analyst

Destabilising government means weakening federation: analyst

The federation will further weaken if the elected and democratic government of Pakistan People's Party (PPP) is thrown out of power this time, said a political analyst and writer Dr Ayub Sheikh while talking to this news agency. The assassination of forme
Published 01 Jan, 2010 12:00am
SAARC a valuable forum

SAARC a valuable forum

As a common regional co-operation forum, the South Asian Association for Regional Cooperation (SAARC) was founded in 1985. The regional organisation was set up as per the concept of regionalism, which has been gaining ground world-wide. SAARC aims to prom
Published 01 Jan, 2010 12:00am
Malian troops learning US anti-terror tactics

Malian troops learning US anti-terror tactics

At the foot of a hill on the southern edge of the Sahara, hundreds of Malian troops are practising their shooting skills, spattering the cardboard targets with bullets. "Good! Good!" the US military officers shout in encouragement, telling them they're pr
Published 01 Jan, 2010 12:00am
After tough year, Dubai expats pack up, eye Asia

After tough year, Dubai expats pack up, eye Asia

For lawyer Wilfred Goh, the sign it was time to leave Dubai came early in 2009, when the financial crisis took its toll, plunging the emirate's main stock index down roughly 70 percent in a matter of months. After speaking to friends and government offici
Published 01 Jan, 2010 12:00am
Campaign for accountability and reforms

Campaign for accountability and reforms

The process of accountability must start from those who judge and adjudge others. Any process of accountability that lacks confidence, transparency and consensus is bound to fail, even bounce back. For sustainable democracy, accountability of an all - thr
Published 01 Jan, 2010 12:00am
Delay is dangerous

Delay is dangerous

Talking to the PML-N chief Nawaz Sharif on the phone, Prime Minister Gilani had assured him that there would be good news about the undoing of amendments in the constitution introduced by Zia and Musharraf anytime soon. While the presence of a broad agree
Published 01 Jan, 2010 12:00am
2009: Our economy's performance

2009: Our economy's performance

The year 2009 came to a close with two key macroeconomic indicators showing some definite improvement in comparison to last year. The budget deficit is now definitely sustainable. This is in spite of the fact that the government had to request the Interna
Published 01 Jan, 2010 12:00am
Leading companies using Nokia Siemens Networks NetAct Optimiser

Leading companies using Nokia Siemens Networks NetAct Optimiser

Close to eighty of the world's leading communications service providers are now using the market leading Nokia Siemens Networks NetAct Optimiser, a highly automated tool for improving radio network quality and performance.
Published 01 Jan, 2010 12:00am
Affected traders to be rehabilitated at previous location: City Nazim

Affected traders to be rehabilitated at previous location: City Nazim

City Nazim Syed Mustafa Kamal has said that all the affected traders of M A Jinnah Road will be rehabilitated at their previous location. City Government has started one window operation by setting up a camp office at the Boulton Market from Friday to fac
Published 01 Jan, 2010 12:00am
Workshop on Business Process Re-engineering held

Workshop on Business Process Re-engineering held

Mehran University Institute of Science and Technology Development (MUISTD) organised a workshop on the Business Process Re-Engineering on Thursday 31st December 2009. The workshop was conducted by Dr Arabella Bhutto as a resource person. The purpose of th
Published 01 Jan, 2010 12:00am
SBTE extends date for submission of exam forms

SBTE extends date for submission of exam forms

The Sindh Board of Technical Education (SBTE) has extended last date for renewal of registration and submission of examination forms by two weeks. An announcement here on Thursday said this extension in last date is for the failure candidates of discontin
Published 01 Jan, 2010 12:00am
More research work required for exploring Urdu literature

More research work required for exploring Urdu literature

Research is a base for innovation and diversification of any literature and Urdu scholars should carry out more research for finding fresh perspectives on classical Urdu literature. Dr Mueenuddin Aqeel, head of Urdu Department, International Islamic Unive
Published 01 Jan, 2010 12:00am
'North Karachi Industrial Estate uplift to be completed in March'

'North Karachi Industrial Estate uplift to be completed in March'

Chief Executive Officer of North Karachi Industrial Development and Management Company, Noor Ahmad Khan has said that the development work in North Karachi Industrial Estate is on fast track and likely to be completed in March this year. Talking with the
Published 01 Jan, 2010 12:00am
Gunmen ambush Nato supply vehicles, kill two

Gunmen ambush Nato supply vehicles, kill two

Gunmen ambushed two vehicles carrying fuel for Nato forces in Afghanistan, killing a driver and his helper and wounding two others, police said Thursday. The attack took place overnight in the Qalat district of the restive south-western province of Baloch
Published 01 Jan, 2010 12:00am
Sugarcane price fixation: LHC adjourns hearing till February 4

Sugarcane price fixation: LHC adjourns hearing till February 4

A division bench of the Lahore High Court (LHC) adjourned to February 04 next the hearing of two identical petitions filed by Indus Sugar Mills and J.W Sugar Mills challenging the notification fixing the price of sugar cane as law officer informed the cou
Published 01 Jan, 2010 12:00am
SPWCCI, USAID sign MoU

SPWCCI, USAID sign MoU

A memorandum of understanding was signed recently between the South Punjab Women Chambers of Commerce and Industry (SPWCCI) and the USAID/Pakistan Firms project. Under this MoU, USAID's Firms Project will facilitate the acceleration of private sector-led
Published 01 Jan, 2010 12:00am
AIOU postpones exams in Karachi

AIOU postpones exams in Karachi

Due to strike in Karachi, Allama Iqbal Open University (AIOU) has postponed the final exams of all the papers for the semester Spring, 2009. The examination was scheduled to commence from January 1, 2010 in Karachi, while in the remaining areas of Sindh t
Published 01 Jan, 2010 12:00am
Development projects: officials asked to ensure timely release of funds

Development projects: officials asked to ensure timely release of funds

Punjab Minister for Culture and Youth Affairs, Dr Tanveer Ul Islam has directed the officers to ensure close liaison with the Finance Department for timely release of funds for development schemes of their departments. He issued these instructions, while
Published 01 Jan, 2010 12:00am
Punjab government working on mass transit project: chief minister

Punjab government working on mass transit project: chief minister

Punjab Chief Minister Shahbaz Sharif has said that development of infrastructure is of key importance for promotion of economic activities and accelerating the pace of development process and solid measures are being taken for this purpose. He was talking
Published 01 Jan, 2010 12:00am
Meezan Bank establishes network of 200 branches

Meezan Bank establishes network of 200 branches

Meezan Bank Ltd, the first and largest Islamic Bank in Pakistan, has achieved yet another milestone by establishing a branch network of 200 branches in 54 cities across Pakistan within a short span of 7 years. President & CEO Meezan Bank Ltd Irfan Siddiqu
Published 01 Jan, 2010 12:00am
KSE completes software development for Book Building Process

KSE completes software development for Book Building Process

Karachi Stock Exchange (KSE) on Thursday announced that the necessary software development for the Book Building process has been completed. In a notice issued here, the KSE said that the exchange initiated the same in line with the SECP's recommendations
Published 01 Jan, 2010 12:00am
Textile sector faced 2009 as one of its worst years

Textile sector faced 2009 as one of its worst years

Pakistan's textile sector faced one of its worst years in 2009. The blame, so argues the textile sector, can be laid squarely on the shoulders of the government that failed to take appropriate mitigating measures to support this major earner of foreign ex
Published 01 Jan, 2010 12:00am
Chief Justice LHC takes suo motu notice against police

Chief Justice LHC takes suo motu notice against police

Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif here Thursday took suo motu notice against police for letting off murderers of a B.Com student. The Chief Justice took notice on a news item appeared in a national Urdu daily stating that Syed
Published 01 Jan, 2010 12:00am
Bhagwandas terms NRO 'bad law'

Bhagwandas terms NRO 'bad law'

Chairman Federal Public Service Commission (FPSC), former judge Supreme Court, Rana Bhagwandas on Thursday described NRO as `bad law', saying it has been declared as illegal and void by the 17-member bench of the apex court and the government too, did not
Published 01 Jan, 2010 12:00am
Ashura incident: government urged to exempt businessmen from taxes

Ashura incident: government urged to exempt businessmen from taxes

Lahore Chamber of Commerce and Industry (LCCI), while paying rich tributes to Prime Minister Yousaf Raza Gilani and his cabinet for setting up Rs 1 billion initial compensation fund for the affected businessmen of Karachi carnage, has urged the government
Published 01 Jan, 2010 12:00am
PBC enjoys jurisdiction to deal with lawyers' misconduct

PBC enjoys jurisdiction to deal with lawyers' misconduct

The Executive Committee of Pakistan Bar Council in its meeting held here on Thursday passed a resolution, saying it has the jurisdiction to deal with cases of lawyers' misconduct as an appropriate forum. The meeting was presided over by Chaudhry Muhammad
Published 01 Jan, 2010 12:00am
Plan implementation to raise fish production in Mangla Dam

Plan implementation to raise fish production in Mangla Dam

In order to encourage fish production, the AJK government on Thursday kicked off a plan to raise its production in the Mangla Dam up to at least 4000 metric tons annually, said Ramzan Dutt Advocate, Honorary Game Warden of Fisheries & Wild Life Department
Published 01 Jan, 2010 12:00am
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