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Print - 2010-01-14
Hong Kong warns economy not out of danger

Hong Kong warns economy not out of danger

Hong Kong's economy could be in for a rocky ride this year if a turnaround in the United States fails to take hold, Financial Secretary John Tsang warned on Wednesday. The southern Chinese city has reported improving economic data, including falling unemp
Published 14 Jan, 2010 12:00am
Japanese government bonds rise

Japanese government bonds rise

Japanese government bonds rose on Wednesday, taking cues from a rally in US Treasuries and Tokyo stocks dropping from a 15-month high in the wake of a surprise move towards tighter monetary policy in China. March 10-year JGB futures climbed 0.28 point to
Published 14 Jan, 2010 12:00am
Japanese government bonds rise

Japanese government bonds rise

Japanese government bonds rose on Wednesday, taking cues from a rally in US Treasuries and Tokyo stocks dropping from a 15-month high in the wake of a surprise move towards tighter monetary policy in China. March 10-year JGB futures climbed 0.28 point to
Published 14 Jan, 2010 12:00am
China, Hong Kong shares slide

China, Hong Kong shares slide

Shares in China and Hong Kong fell on Wednesday, led by banks and property stocks, as investors fretted that China's surprise reserve requirement increase could cool growth in the world's third-largest economy. China's benchmark Shanghai Composite Index c
Published 14 Jan, 2010 12:00am
Bank levy fears, Alcoa batter Wall Street

Bank levy fears, Alcoa batter Wall Street

US stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery. The benchmark S&P 500 broke a six-
Published 14 Jan, 2010 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Wednesday led by steelmakers and shipbuilders including POSCO and Hyundai Heavy Industries, but gains in casualty insurers lent markets support. China's monetary tightening and weaker-than-expected US earnings, namely that of Alcoa, d
Published 14 Jan, 2010 12:00am
South Korean bond yield curve flattens

South Korean bond yield curve flattens

The South Korean treasury bond yield curve flattened on Wednesday, with investors favouring longer-end bonds in response to China's sudden reserve rate hike. The debt futures market initially tracked US Treasuries' rally on the view that China's move towa
Published 14 Jan, 2010 12:00am
South Korean bond yield curve flattens

South Korean bond yield curve flattens

The South Korean treasury bond yield curve flattened on Wednesday, with investors favouring longer-end bonds in response to China's sudden reserve rate hike. The debt futures market initially tracked US Treasuries' rally on the view that China's move towa
Published 14 Jan, 2010 12:00am
Bonds jump, three-year debt sale solid

Bonds jump, three-year debt sale solid

The US Treasury debt market rallied on Tuesday as a Wall Street sell-off revived a safety bid for government debt, allaying some concerns over appetite at this week's government bond auctions. Alcoa Inc's worse-than-expected results and Chevron Corp's war
Published 14 Jan, 2010 12:00am
Bonds jump, three-year debt sale solid

Bonds jump, three-year debt sale solid

The US Treasury debt market rallied on Tuesday as a Wall Street sell-off revived a safety bid for government debt, allaying some concerns over appetite at this week's government bond auctions. Alcoa Inc's worse-than-expected results and Chevron Corp's war
Published 14 Jan, 2010 12:00am
Toronto stocks decline

Toronto stocks decline

Toronto's main stock index sagged more than 1 percent on Tuesday as resource prices came under pressure on news that China's central bank was tightening monetary policy at a faster than expected pace. In its strongest step yet, China rocked global financi
Published 14 Jan, 2010 12:00am
Taiwan stocks at two-week closing low

Taiwan stocks at two-week closing low

Taiwan stocks ended down 1.36 percent at a two-week closing low on Wednesday, with banking shares such as Cathay Financial slipping after China moved to tighten its monetary conditions. China took its strongest step towards tightening monetary policy on T
Published 14 Jan, 2010 12:00am
Nikkei falls after China move

Nikkei falls after China move

The Nikkei stock average fell 1.3 percent on Wednesday on a strong yen and selling of recent big gainers, while resource shares dropped after China tightened monetary conditions, sparking fear of slower demand. China surprised world markets by raising ban
Published 14 Jan, 2010 12:00am
Yuan ends flat

Yuan ends flat

The yuan ended flat against the dollar in key offshore non-deliverable forwards (NDFs) on Wednesday, responding very mildly to China's overnight hike in the ratio of bank reserve requirements, its strongest in a series of steps towards tightening monetary
Published 14 Jan, 2010 12:00am
Yen retreats

Yen retreats

The yen fell against the euro and the Australian dollar on Wednesday as investors concluded that China's unexpected raising of banks' reserves requirement ratio would not derail growth, returning cautiously to riskier and higher-yielding currencies. The y
Published 14 Jan, 2010 12:00am
Commodity currencies slip

Commodity currencies slip

Commodity currencies slipped on Tuesday after China said it would tighten banks' reserve requirements, raising concerns that Chinese demand could fall and slow the global economic recovery. China's central bank surprised world markets with a statement tha
Published 14 Jan, 2010 12:00am
Hong Kong dollar eases slightly

Hong Kong dollar eases slightly

The Hong Kong dollar was a tad weaker against the US dollar, with sentiment hurt by a plunge in the domestic stock market after China's central bank said it would raise banks' reserve requirements to cool rampant credit and investment growth in the world'
Published 14 Jan, 2010 12:00am
Australian dollar falters

Australian dollar falters

The Australian dollar struggled to regain ground on Wednesday as risky assets sagged across the board in a knee-jerk selloff to China's surprise step towards policy tightening. The Aussie, which had struck multi-month highs on the yen, the euro and sterli
Published 14 Jan, 2010 12:00am
Asian currencies: ringgit and peso down

Asian currencies: ringgit and peso down

The Malaysian ringgit and Philippine peso led Asian currencies lower on Wednesday as investors fretted that China's move to tighten monetary policy could choke the region's economic recovery. China's central bank surprised the market by raising the propor
Published 14 Jan, 2010 12:00am
Swiss franc off high

Swiss franc off high

The Swiss franc stayed off the 10-month peak on Wednesday hit versus the euro two days earlier, with the market grappling with the rising chance the Swiss central bank might intervene and force the franc down. New Swiss National bank Chairman Philipp Hild
Published 14 Jan, 2010 12:00am
Tour success depends on last Test: Strauss

Tour success depends on last Test: Strauss

England will go into the fourth and final Test against South Africa at the Wanderers Stadium on Thursday knowing that a win will seal a successful tour. "At the end of the tour a lot will be judged on whether we win this game or not," said touring skipper
Published 14 Jan, 2010 12:00am
Indian hockey World Cup stars end pay row

Indian hockey World Cup stars end pay row

India's field hockey squad ended a week-long strike on Wednesday and agreed to resume training for the World Cup starting next month after top sports officials stepped in to settle a pay dispute. "The camp will start again from Thursday. The crisis is ove
Published 14 Jan, 2010 12:00am
District Women Cricket Tournament held at Sindh University

District Women Cricket Tournament held at Sindh University

The Vice Chancellor University of Sindh Professor Dr Nazir A. Mughal has said that sports are equally important as Education for healthy body and mind and urged upon the students to actively participate in sports activities. He was addressing in award dis
Published 14 Jan, 2010 12:00am
Sri Lanka win series final

Sri Lanka win series final

Mahela Jayawardene and Kumar Sangakkara hit impressive half-centuries to guide Sri Lanka to a four-wicket win over India in the triangular one-day series final here on Wednesday. Jayawardene top-scored with an unbeaten 71 and skipper Sangakkara made a bri
Published 14 Jan, 2010 12:00am
Hewitt storms into Sydney quarters

Hewitt storms into Sydney quarters

Lleyton Hewitt spectacularly launched his bid for a fifth Sydney International title with the loss of just two games in his opening match of the tournament on Wednesday. The Australian two-time Grand Slam champion rattled past Italian Andreas Seppi 6-0, 6
Published 14 Jan, 2010 12:00am
Australia looking forward to vintage Ashes: Ponting

Australia looking forward to vintage Ashes: Ponting

Australian cricket captain Ricky Ponting says his side are already looking forward to the next Ashes series with "a lot of excitement". "We're already talking about the Ashes this morning - that's a good sign, because there'll be a lot of excitement aroun
Published 14 Jan, 2010 12:00am
Pakistan drops Kamran Akmal, three others for Hobart Test

Pakistan drops Kamran Akmal, three others for Hobart Test

In a bid to avoid a series clean sweep by Australia, Pakistan dropped vice-captain Kamran Akmal and three others from its squad going for Hobart cricket Test sarting Thursday. Following Akmals' ouster, young wicketkeeper Sarfraz Ahmed will make his debut
Published 14 Jan, 2010 12:00am
Yousuf seeks former cricketers' help to overcome weaknesses

Yousuf seeks former cricketers' help to overcome weaknesses

Pakistan captain Muhammad Yousuf has asked former players to stop criticising him over his captaincy and instead use their vast experience to help him overcoming shortcomings. "I think that instead of criticising all the time, if former players come forwa
Published 14 Jan, 2010 12:00am
Weightlifting coaching course to begin from January 18

Weightlifting coaching course to begin from January 18

Pakistan Weightlifting Federation (PWF) in collaboration with IOC Olympic Solidarity and Pakistan Olympic Association (POA) is organising a coaching course at Punjab University Ground Weightlifting Centre from January 18 to February 16, 2010. Qaiser Iftik
Published 14 Jan, 2010 12:00am
Shining Club win in Fateh Sher tourney

Shining Club win in Fateh Sher tourney

Shining Club managed 12-run win over Model Town Whites Cricket Club in the Group-A fixture of Colonel Fateh Sher Khan Memorial Cricket Cup 2010 at Model Town Whites Ground. Shining Club made 199 in 29.3 overs with Muzaffar Mehboob 62, Muhammad Saeed 31, a
Published 14 Jan, 2010 12:00am
Safina bows out in Sydney; Serena advances

Safina bows out in Sydney; Serena advances

Serena Williams continued her smooth lead-up to next week's Australian Open with a comfortable win at the Sydney International on Wednesday while Dinara Safina suffered a heavy loss five days before the first grand slam of 2010. Playing her second match i
Published 14 Jan, 2010 12:00am
Squad for Roma Club announced

Squad for Roma Club announced

Sabzazar's Roma Football Club's President, Zia Ahmad Nagra approved 26-player squad for the 4th All Pakistan Rana Sajjad Memorial Football Tournament, which will be played at College Ground, Faisalabad Road, Jaranwala from 14-19 February 2009. According t
Published 14 Jan, 2010 12:00am
Nine-year-old sets record at Japan championships

Nine-year-old sets record at Japan championships

Nine-year-old Miu Hirano has grabbed the headlines for the second year running with another tearful record at the Japanese table tennis championships. Hirano became the youngest player to appear in senior competition in Tuesday's mixed doubles and matched
Published 14 Jan, 2010 12:00am
Snowfalls heap more misery on shivering Europe

Snowfalls heap more misery on shivering Europe

Fresh snowfalls heaped further misery on parts of Europe on Wednesday, closing airports and schools and disrupting road and rail links notably in Britain and France. As overnight snow and plummetting temperatures brought a recent thaw to a halt, British b
Published 14 Jan, 2010 12:00am
Americans split on Obama first year: poll

Americans split on Obama first year: poll

A new sheaf of opinion polls shows Americans sharply divided on President Barack Obama's first year in office, as his ratings on key issues like health care and the economy hit new lows. Polling also suggests independent voters are turning away from Obama
Published 14 Jan, 2010 12:00am
2009 deadliest year for Afghan civilians: UN

2009 deadliest year for Afghan civilians: UN

The number of civilians killed in the Afghan war jumped last year to 2,412, making 2009 the deadliest year for ordinary Afghans since the US-led invasion, the United Nations said Wednesday. The vast majority of the dead were killed in Taliban attacks, the
Published 14 Jan, 2010 12:00am
China backs efforts for independent Palestinian state

China backs efforts for independent Palestinian state

China on Wednesday endorsed efforts to create an independent Palestinian state as Saudi Arabia hardened its accusations that Israel is preventing a settlement of the Middle East conflict. "China will continue its support for the Palestinian effort to esta
Published 14 Jan, 2010 12:00am
Death toll tops 300 as cold wave intensifies in India

Death toll tops 300 as cold wave intensifies in India

At least 326 people have died as a cold wave intensified its grip over northern India following rains in the region, media reports said Wednesday.The northern state of Uttar Pradesh, which has been the worst hit, saw 38 fresh deaths since Monday night whi
Published 14 Jan, 2010 12:00am
Hindu party targets Australian cricketers

Hindu party targets Australian cricketers

An influential right-wing Hindu party in Mumbai warned Wednesday that it would try and stop Australian cricketers playing in parts of India because of attacks on Indians living Down Under. Bal Thackeray, who heads the radical Shiv Sena party, said activis
Published 14 Jan, 2010 12:00am
Yemeni security forces kill al Qaeda cell leader

Yemeni security forces kill al Qaeda cell leader

Yemeni security forces killed an al Qaeda leader in clashes and scoured rugged mountains in search of 25 militants who escaped capture during security operations in the Shabwa province south-east of the capital Sanaa. Yemeni security officials said that A
Published 14 Jan, 2010 12:00am
Ahmadinejad slams Saudi role in Yemen conflict

Ahmadinejad slams Saudi role in Yemen conflict

Iran's president lashed out at Saudi Arabia on Wednesday over its role in Yemen's conflict with Shia rebels, saying it should try to foster peace rather than use weapons against fellow Muslims. The comments by President Mahmoud Ahmadinejad were the strong
Published 14 Jan, 2010 12:00am
US urges Japan to keep commitment on military base

US urges Japan to keep commitment on military base

The United States urged Japan on Tuesday to keep its commitment to move a US military base on Okinawa island but the two vowed not to let the row derail their security alliance in the face of rising Chinese power. US Secretary of State Hillary Clinton sai
Published 14 Jan, 2010 12:00am
'Somali money transfer firms used to fund war'

'Somali money transfer firms used to fund war'

Somalia's central bank governor says rebel groups are using informal money transfers to fund their operations and that people in the war-torn country risk starvation if it is hit by Zimbabwe-style inflation. Bashir Isse Ali told Reuters in an interview th
Published 14 Jan, 2010 12:00am
Cost cuts 'may shrink British armed forces by 20 percent'

Cost cuts 'may shrink British armed forces by 20 percent'

Britain's armed forces may shrink by a fifth in the next six years as governments seek to slash the country's budget deficit and the cost of existing defence commitments grow, a military think-tank predicted on Wednesday. The Royal United Services Institu
Published 14 Jan, 2010 12:00am
Kosovo expels Serbian minister

Kosovo expels Serbian minister

Kosovo police Wednesday expelled Serbia's minister for Kosovo, Goran Bogdanovic, for making political speeches during his visit to the separatist region which Serbia claims as its own."He was making political statements which were not scheduled," Fisnik R
Published 14 Jan, 2010 12:00am
Chinese student kills secretary in French stabbing spree

Chinese student kills secretary in French stabbing spree

A Chinese student stabbed to death a 49-year-old secretary and wounded three teachers in an attack at a university in southern France on Wednesday, a local prosecutor said. The 26-year-old sociology student stabbed to death the woman and wounded three oth
Published 14 Jan, 2010 12:00am
ICAP's NYFR rates mixed, euro rates decline

ICAP's NYFR rates mixed, euro rates decline

Short-term borrowing rates in the United States were mixed on Wednesday but remained near record lows, while bank-to-bank euro funding costs fell with the benchmark rate hitting a fresh low. Three-month borrowing rates for US banks were 0.2537 percent on
Published 14 Jan, 2010 12:00am
Sterling jumps versus dollar

Sterling jumps versus dollar

Sterling hit its highest in nearly four weeks against the dollar on Wednesday, lifted by comments from a Bank of England policymaker which were seen as hawkish and helped by better-than-expected UK data. Andrew Sentance, a member of the BoE's Monetary Pol
Published 14 Jan, 2010 12:00am
Euro rises versus dollar

Euro rises versus dollar

The euro hit a one-month high against the dollar on Wednesday while higher-yielding currencies trimmed losses from the previous day as investors concluded China's surprise monetary tightening would not derail growth. Commodity-linked currencies such as th
Published 14 Jan, 2010 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Wednesday as local shares snapped a four-day losing streak and expectations of a recovery in economic growth after this week's robust factory data lifted sentiment. The partially convertible rupee ended at 45.6050/6150 per dollar,
Published 14 Jan, 2010 12:00am
Indonesia's sovereign bonds gain

Indonesia's sovereign bonds gain

Indonesia's newly-issued sovereign dollar bonds rose on Wednesday, outperforming the broad market, which saw spreads generally widen on worries central banks in Asia may follow China's move to tighten liquidity. Indonesia on Tuesday sold $2 billion of 10-
Published 14 Jan, 2010 12:00am
Indonesia's sovereign bonds gain

Indonesia's sovereign bonds gain

Indonesia's newly-issued sovereign dollar bonds rose on Wednesday, outperforming the broad market, which saw spreads generally widen on worries central banks in Asia may follow China's move to tighten liquidity. Indonesia on Tuesday sold $2 billion of 10-
Published 14 Jan, 2010 12:00am
Wednesday's midday trade: markets rise

Wednesday's midday trade: markets rise

US stocks rose on Wednesday, shrugging off earlier losses, after Kraft raised its outlook and a brokerage upgraded Merck & Co in welcome signs about future earnings. Major indexes had temporarily fallen after a government report showed crude oil stockpile
Published 14 Jan, 2010 12:00am
Indian share rise

Indian share rise

Indian shares snapped a 4-day losing streak and rose 0.5 percent on Wednesday as export-led outsourcers Tata Consultancy Services and Infosys Technologies hit all-time highs on improving prospects. Expectations for robust quarterly earnings helped pull up
Published 14 Jan, 2010 12:00am
European CDS indices widen

European CDS indices widen

European credit default swap indexes widened late Wednesday, ignoring a commodities-fuelled upturn in equities as the market eyed a further weakening in Greek sovereign debt. By 1816 GMT, the investment-grade Markit iTraxx Europe index was at 70 basis poi
Published 14 Jan, 2010 12:00am
European CDS indices widen

European CDS indices widen

European credit default swap indexes widened late Wednesday, ignoring a commodities-fuelled upturn in equities as the market eyed a further weakening in Greek sovereign debt. By 1816 GMT, the investment-grade Markit iTraxx Europe index was at 70 basis poi
Published 14 Jan, 2010 12:00am
Asian markets decline

Asian markets decline

Fears that the global recovery may lose steam weighed on Asian shares Wednesday as China moved to curb its credit boom and Wall Street's earnings season got off to a weak start. "The selling is unstoppable," said Hideaki Higashi, a strategist at SMBC Frie
Published 14 Jan, 2010 12:00am
UK's top share index slips

UK's top share index slips

Britain's leading share index shed 0.5 percent on Wednesday as weakness in commodity and banking issues countered gains in selected defensive stocks, reflecting fading risk appetite among some investors. At the close, the FTSE 100 was 25.23 points lower a
Published 14 Jan, 2010 12:00am
New York cotton ends firmer

New York cotton ends firmer

Cotton futures ended firmer Wednesday on investor buying due to steadier outside markets and some optimism a government sales report could provide a surprise for the trade, brokers said. The key March cotton contract rose 0.64 cent to close at 73.43 cents
Published 14 Jan, 2010 12:00am
Liffe sugar higher

Liffe sugar higher

March white sugar settled $11.40 higher at $736.50 a tonne on Wednesday. Market looks poised to challenge its record high for the front month of $748.00 in the near future, boosted by expected strong demand from both India and Pakistan. May cocoa on Liffe
Published 14 Jan, 2010 12:00am
Copper springs back

Copper springs back

Copper bounced off two-week lows hit on Wednesday on the back of a weaker dollar and as the market focused on robust growth prospects from China, the world's top consumer of the metal. China's move on Tuesday to tighten its monetary policy had spooked inv
Published 14 Jan, 2010 12:00am
Oil falls below $80

Oil falls below $80

Oil prices fell below $80 a barrel on Wednesday, pressured by a US inventory report showing rises in crude and distillate fuel stocks despite severe winter weather. Crude stocks, expected to rise by 1.2 million barrels, shot up by 3.7 million, the Energy
Published 14 Jan, 2010 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped in Europe on Wednesday as the dollar recouped losses against the euro and inflation fears eased after oil prices fell. Spot gold was bid at $1,124.00 a troy ounce at 1549 GMT, against $1,127.95 late in New York on Tuesday. US gold futures for
Published 14 Jan, 2010 12:00am
US MIDDAY: cocoa, coffee and sugar up

US MIDDAY: cocoa, coffee and sugar up

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. March arabica coffee up 0.70 cent to $1.4380 per lb at 10:53 am EST (1553 GMT). Session range from $1.4275 to $1.4510. March raw sugar jumped 0.47 cent to 27.83 cents per
Published 14 Jan, 2010 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

Wheat futures fell 1.8 percent in early trading at the Chicago Board of Trade on Wednesday on pressure from plentiful supplies around the world and a sharp drop in corn prices, traders said. Kansas City Board of Trade hard red winter wheat and Minneapolis
Published 14 Jan, 2010 12:00am
US MIDDAY: corn and soya slide

US MIDDAY: corn and soya slide

Corn futures on the Chicago Board of Trade tumbled early on Wednesday on follow-through selling after Tuesday's limit declines on bearish data in USDA January crop reports, traders said. USDA on Tuesday raised its estimate of the US corn crop above the ra
Published 14 Jan, 2010 12:00am
US MIDDAY: copper steadies

US MIDDAY: copper steadies

US copper futures steadied early on Wednesday, as bargain-hunting enabled prices to recover from earlier lows, but brokers expected more rangebound business amid ongoing concerns about monetary tightening in China. Benchmark copper for March delivery rose
Published 14 Jan, 2010 12:00am
US MIDDAY: gold turns lower

US MIDDAY: gold turns lower

US gold futures turned lower in choppy trade Wednesday despite a dollar drop, extending the previous session's sharp decline as the news of China's tightening bank lending dented market sentiment. Gold for February delivery down $2.40 at $1,127 an ounce a
Published 14 Jan, 2010 12:00am
Seminar on human rights held

Seminar on human rights held

A daylong seminar on human rights organised by Legal Awareness Programme for Human Rights (LAPH) funded by Trocaire, an Irish based NGO was held here on Wednesday. Chairman Board of Directors, Niaz Ali Shah briefed the participants about the aims and obje
Published 14 Jan, 2010 12:00am
PPP most popular political party: survey

PPP most popular political party: survey

Pakistan People's Party (PPP) continues to be the most popular political party in the country, especially heart-favourite of youth, a survey conducted recently revealed. According to a survey conducted by a well read Monthly Herald, 28 percent people are
Published 14 Jan, 2010 12:00am
Pak-Malaysia Joint Business Council to be launched soon

Pak-Malaysia Joint Business Council to be launched soon

The country's Chamber of Commerce and Industry (FPCCI) and Malaysia's National Chamber of Commerce and Industry of Malaysia (NCCIM) are in the final stage to launch a Joint Business Council (JBC).
Published 14 Jan, 2010 12:00am
FTO settles 18-year-old duty drawback claims

FTO settles 18-year-old duty drawback claims

Federal Tax Ombudsman (FTO) on Wednesday settled 18-year old duty drawback claims held up since 1991-94 by the Federal Board of Revenue (FBR). According to a statement issued by the FTO Secretariat, on a complaint of an exporter against excessive delay in
Published 14 Jan, 2010 12:00am
Child killed by playground bomb

Child killed by playground bomb

A bomb mistaken for a toy killed one child and wounded five others on Wednesday at a playground near north-west country's Taliban stronghold of South Waziristan, police said. The blast took place in the town of Tank, which sits about 30 kilometres east of
Published 14 Jan, 2010 12:00am
Polio eradication drive: over 1.23 million children to be vaccinated

Polio eradication drive: over 1.23 million children to be vaccinated

As many as 12,30,015 children under the age of 5 years will be administered anti-polio vaccination during the next polio eradication campaign from January 18 to 20. Total 2724 teams have been constituted by the local health department to give polio drops
Published 14 Jan, 2010 12:00am
Increase in power and gas tariffs: traders observe token hunger strike

Increase in power and gas tariffs: traders observe token hunger strike

Traders observed token hunger strike for consecutive two-day against increase in power tariff, natural gas and unannounced load shedding at Chowk Kutchery Multan on Wednesday. The strike call was given by All Pakistan Traders Convention. A number of trade
Published 14 Jan, 2010 12:00am
PTEA resents increase in gas loadshedding by SNGPL

PTEA resents increase in gas loadshedding by SNGPL

The Pakistan Textile Exporters Association (PTEA) has expressed resentment against breach of agreement by Sui Northern Gas Pipeline load shedding of gas for consecutive three days a week instead of agreed two days. This arbitrary shutdown of almost half-w
Published 14 Jan, 2010 12:00am
10 million CFLs to be distributed in first phase

10 million CFLs to be distributed in first phase

The proposed Compact Fluorescent Lamps (CFL) distribution programme envisages the distribution of 10 million Compact Fluorescent Lamps in first phase, which would be spread over 4 months, and the distribution of another 20 million CFLs in Phase II, spread
Published 14 Jan, 2010 12:00am
Two get death sentence

Two get death sentence

Anti-Terrorism Court Multan has awarded death sentence, 25 years rigorous imprisonment and confiscation of their immovable property on Wednesday to two accused Hassan and Hafeez on the charge of kidnapping a nine-year-old Arsalan and killing him. The accu
Published 14 Jan, 2010 12:00am
Operation against land grabbers to continue

Operation against land grabbers to continue

Divisional Commissioner Tahir Hussain has asked the concerned departments to carry on the ongoing operation against land grabbers and owners of unapproved housing colonies. He also instructed revenue officers to compile information regarding land grabbers
Published 14 Jan, 2010 12:00am
Accused in murder of eight people arrested

Accused in murder of eight people arrested

Fatehpur police arrested on Wednesday one of two accused who had killed their grand-mother, an uncle, and six aunts only for grabbing their five acres of land. All the victims were buried on their land instead of graveyard in the supervision of Punjab Min
Published 14 Jan, 2010 12:00am
450 railway crossings in terrible shape

450 railway crossings in terrible shape

Pakistan Railways had sent a proposal for upgrading about 450 most vulnerable unmanned railway crossings across the country to federal government three years back to avert accidents but regrettably the government did not respond to the proposal. Chief Eng
Published 14 Jan, 2010 12:00am
Multan, D G Khan get light rain

Multan, D G Khan get light rain

The foggy environment persisted for last 10 days, has gone scattered due to light rain in Multan and Dera Ghazi Khan on Wednesday. According to Met Office, it rained in Multan, Muzaffargarh, D G Khan and the areas adjacent to it yesterday, tearing apart t
Published 14 Jan, 2010 12:00am
Serious gas shortage: textile sector heading for disaster: APBUMA

Serious gas shortage: textile sector heading for disaster: APBUMA

All Pakistan Bedsheets and Upholstery Manufacturers Association Chairman M. Anees Khwaja has said that the textile sector is heading towards the disaster. In a statement here on Wednesday, he expressed his resentment to the suspension of gas supply to the
Published 14 Jan, 2010 12:00am
Kashmiris to observe Indian Republic Day as Black Day on January 26

Kashmiris to observe Indian Republic Day as Black Day on January 26

Kashmiris living in both sides of the line of control, AJK and Indian occupied Kashmir as well as rest of the world will observe the Indian Republic Day on January 26 as black day to mark their complete protest against the continued illegal and forcible o
Published 14 Jan, 2010 12:00am
ASEAN role in East Asia

ASEAN role in East Asia

Currently, the world is becoming increasingly integrated because of intensive trade liberalisation in different parts of the globe. Regional grouping also become an important trend around the world.
Published 14 Jan, 2010 12:00am
A perspective on power tariff hike

A perspective on power tariff hike

The hike in power tariff, announced by the government, undoubtedly is going to hurt consumers and, therefore, for obvious reasons is not going to go well with them. Such decisions are always unpopular and no government, particularly a representative gover
Published 14 Jan, 2010 12:00am
Sitting over the weapons' pile in Karachi

Sitting over the weapons' pile in Karachi

The recent spurt in target killings in Karachi has again highlighted the issue of the easy availability of weapons to criminal elements. The incidence of target killing in the city has risen over the last two years. Statistics collected by the Human Right
Published 14 Jan, 2010 12:00am
Viewpoint: US and the trust issue

Viewpoint: US and the trust issue

When a US Senate delegation, headed by Chairman of the Senate Armed Services Committee, Senator Carl Levin, called on Prime Minister Yousuf Raza Gilani last Monday, he stressed the need to bridge the existing trust deficit between Pakistan and the US.
Published 14 Jan, 2010 12:00am
Economics of unrest

Economics of unrest

The recent spate of killings in Karachi that polarised ethnic groups after a long period of relative peace, with ripples felt deeply in provincial as well as national politics, has had severe negative implications on the economy of the country as well.
Published 14 Jan, 2010 12:00am
Don't repeat the blunder

Don't repeat the blunder

What CENTCOM chief General David Petraeus said regarding America's contingency plans to attack Iranian nuclear sites is highly worrisome. The US claim that Iran had ambitions to develop nuclear weapons under the cover of a civilian nuclear energy programm
Published 14 Jan, 2010 12:00am
The mounting foreign debt

The mounting foreign debt

The International Monetary Fund (IMF) has released some rather eye-catching statistics: each Pakistani, man, woman and child, would owe over Rs 34,000 on foreign debts incurred by the government by 2016. The Fund reports that our foreign debt will increas
Published 14 Jan, 2010 12:00am
LCCI chief inaugurates medical camp

LCCI chief inaugurates medical camp

Lahore Chamber of Commerce and Industry (LCCI) President Zafar Iqbal Chaudhry inaugurated three-day special medical camp at Lions Club Badian jointly organised by the Hijaz Hospital and Gulberg Lions Club. He urged people to come forward and serve the ail
Published 14 Jan, 2010 12:00am
War on terror hits leather industry

War on terror hits leather industry

The leather industry has called for immediate measures to save this vital sector that has been facing pressure for the last 18-months in the backdrop of persist decline in leather and leather exports mainly because of the affects of war on terrorism which
Published 14 Jan, 2010 12:00am
Chehlum of Business Recorder staffer's father on January 15

Chehlum of Business Recorder staffer's father on January 15

Chehlum of Chaudhry Ghulam Haider, father of Business Recorder's senior reporter Muhammad Saleem, will be held at his residence at Lawyers Park, 4-Mozang Road Lahore opposite Family Hospital on Friday (tomorrow) after Juma prayers. Late Chaudhry Gh
Published 14 Jan, 2010 12:00am
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