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Print - 2010-02-14
'ITP passing out well-disciplined drivers'

'ITP passing out well-disciplined drivers'

The driving school of the Islamabad Traffic Police (ITP) is passing out the well-trained and well disciplined drivers who are not only imparted education about traffic rules, but their driving skills are also polished during the learning period of the cou
Published 14 Feb, 2010 12:00am
Rabi-ul-Awwal moon may not be sighted today

Rabi-ul-Awwal moon may not be sighted today

The new Rabi-ul-Awwal moon may not be sighted today (Sunday), according to astronomical parameters. Therefore, Rabi-ul-Awwal One, 1431 AH may fall on Tuesday, (February 16). The moon crossed the conjunction line yesterday (Saturday) at 0751 Pakistan Stand
Published 14 Feb, 2010 12:00am
Rabi-ul-Awwal moon may not be sighted today

Rabi-ul-Awwal moon may not be sighted today

The new Rabi-ul-Awwal moon may not be sighted today (Sunday), according to astronomical parameters. Therefore, Rabi-ul-Awwal One, 1431 AH may fall on Tuesday, (February 16). The moon crossed the conjunction line yesterday (Saturday) at 0751 Pakistan Stand
Published 14 Feb, 2010 12:00am
Karzai calls on Taliban to lay down arms

Karzai calls on Taliban to lay down arms

Afghan President Hamid Karzai called on Taliban fighters Saturday to lay down their arms as a massive military operation aimed at neutralising them in a major stronghold got underway. As 15,000 US-led troops descended on the Marjah district of southern He
Published 14 Feb, 2010 12:00am
Karzai calls on Taliban to lay down arms

Karzai calls on Taliban to lay down arms

Afghan President Hamid Karzai called on Taliban fighters Saturday to lay down their arms as a massive military operation aimed at neutralising them in a major stronghold got underway. As 15,000 US-led troops descended on the Marjah district of southern He
Published 14 Feb, 2010 12:00am
Sugar tenders opening: importers solicit CCP's intervention

Sugar tenders opening: importers solicit CCP's intervention

The Competition Commission of Pakistan (CCP) has once again been approached by sugar importers for changes in tender opening days, official sources told Business Recorder. In a letter to CCP Chairman Khalid Mirza, one of the importers said that the
Published 14 Feb, 2010 12:00am
Sugar tenders opening: importers solicit CCP's intervention

Sugar tenders opening: importers solicit CCP's intervention

The Competition Commission of Pakistan (CCP) has once again been approached by sugar importers for changes in tender opening days, official sources told Business Recorder. In a letter to CCP Chairman Khalid Mirza, one of the importers said that the
Published 14 Feb, 2010 12:00am
Sugar tenders opening: importers solicit CCP''s intervention

Sugar tenders opening: importers solicit CCP''s intervention

The Competition Commission of Pakistan (CCP) has once again been approached by sugar importers for changes in tender opening days, official sources told Business Recorder. In a letter to CCP Chairman Khalid Mirza, one of the importers said that the
Published 14 Feb, 2010 12:00am
Somali minister dies of wounds after suicide bomb

Somali minister dies of wounds after suicide bomb

Somalia's sports minister has died in hospital in Saudi Arabia weeks after he was critically wounded in a suicide bombing at a medical graduation ceremony in Mogadishu, relatives and officials said on Saturday. Saleban Olad Roble passed away on Friday at
Published 14 Feb, 2010 12:00am
Storm leaves 200,000 without power in Dallas

Storm leaves 200,000 without power in Dallas

Electricity provider Oncor said a record-breaking snow storm over the past 24 hours left more than 200,000 homes and businesses without power in the Dallas/Fort Worth area late Friday. Customer outages across Oncor's North Texas territory peaked on Friday
Published 14 Feb, 2010 12:00am
US Army clears Oshkosh to resume work on $3 billion deal

US Army clears Oshkosh to resume work on $3 billion deal

The US Army on Friday cleared Oshkosh Corp Friday to resume work on a $3 billion medium truck contract, after a month-long reevaluation of all three bids originally submitted for the work. In December, the congressional Government Accountability Office ha
Published 14 Feb, 2010 12:00am
North Korea rally draws 100,000

North Korea rally draws 100,000

More than 100,000 people rallied Saturday in the North Korean capital Pyongyang to mark an anniversary of the ruling communist party and show support for leader Kim Jong-Il, state media reported. The rally in Kim Il-Sung Square, named after the nation's f
Published 14 Feb, 2010 12:00am
Secret document bares Indian subversive activities in Pakistan

Secret document bares Indian subversive activities in Pakistan

Even as India and Pakistan are actively engaged in laying a framework for normalising their relations in the aftermath of Operation Parkaram (December 2001-October 2002), RAW's Counter Intelligence Team 'X' (CIT-X), assigned to conduct subversive operatio
Published 14 Feb, 2010 12:00am
Secret document bares Indian subversive activities in Pakistan

Secret document bares Indian subversive activities in Pakistan

Even as India and Pakistan are actively engaged in laying a framework for normalising their relations in the aftermath of Operation Parkaram (December 2001-October 2002), RAW's Counter Intelligence Team 'X' (CIT-X), assigned to conduct subversive operatio
Published 14 Feb, 2010 12:00am
PSMA slams decision to deploy officials at mills

PSMA slams decision to deploy officials at mills

Chairman Pakistan Sugar Mills Association (PSMA), Punjab Zone, Javed Kayani, has strongly criticised the decision of the Sugar Advisory Board to deploy officials at sugar mills to monitor their production. In a statement issued here on Saturday he said th
Published 14 Feb, 2010 12:00am
UN aims to limit costs, span of UN peacekeeping

UN aims to limit costs, span of UN peacekeeping

With more UN peacekeepers posted to the world's hotspots than ever before, at a cost of billions of dollars a year, the Security Council agreed Friday to try to avoid creating more costly missions that go on interminably, as some do now.
Published 14 Feb, 2010 12:00am
Efforts expedited to minimise scourge of loadshedding: minister

Efforts expedited to minimise scourge of loadshedding: minister

Federal Minister for Water and Power, Raja Pervaiz Ashraf, has said that efforts have been expedited to minimise the scourge of loadshedding before upcoming summer season. He was addressing different public meetings at Aabadi Satan and Rodo Sultan in dist
Published 14 Feb, 2010 12:00am
Inquiry against TCP concludes: CCP

Inquiry against TCP concludes: CCP

The Competition Commission of Pakistan (CCP) has observed that the Trading Corporation of Pakistan (TCP) has addressed all the issues/objections raised by the Commission's enquiry officers in the preliminary enquiry report the inquiry proceedings against
Published 14 Feb, 2010 12:00am
Inquiry against TCP concludes: CCP

Inquiry against TCP concludes: CCP

The Competition Commission of Pakistan (CCP) has observed that the Trading Corporation of Pakistan (TCP) has addressed all the issues/objections raised by the Commission's enquiry officers in the preliminary enquiry report the inquiry proceedings against
Published 14 Feb, 2010 12:00am
Inquiry against TCP concludes: CCP

Inquiry against TCP concludes: CCP

The Competition Commission of Pakistan (CCP) has observed that the Trading Corporation of Pakistan (TCP) has addressed all the issues/objections raised by the Commission''s enquiry officers in the preliminary enquiry report the inquiry proceedings against
Published 14 Feb, 2010 12:00am
Jones pledges long-term ties with Pakistan

Jones pledges long-term ties with Pakistan

US National Security Adviser James Jones assured Pakistan of long-term ties in meetings with the country's top leadership and commended successful anti-Taliban drive in Swat during a visit to the north western valley this week, according to a White House
Published 14 Feb, 2010 12:00am
Taliban blow up boys school in Mohmand Agency

Taliban blow up boys school in Mohmand Agency

Taliban militants blew up a boys high school in Mohmand tribal district along the Afghan border on Saturday, an official said. There were no casualties as the school in the village of Qamardin at Safi area of the Mohmand district, 92 kilometres, was close
Published 14 Feb, 2010 12:00am
Obama calls for new spending cuts

Obama calls for new spending cuts

US President Barack Obama called Saturday for new spending cuts, warning the country must bring its ballooning deficit under control in order to be able to move forward. "Even as we make critical investments to create jobs today and lay a foundation for g
Published 14 Feb, 2010 12:00am
Zardari's decision condemned

Zardari's decision condemned

Political parties, civil society and masses on Saturday condemning the decision of President Asif Ali Zardari on the appointment of judges termed it violation of the Constitution. They said on one hand the government is busy protecting the interests of so
Published 14 Feb, 2010 12:00am
Text of Supreme Court verdict

Text of Supreme Court verdict

The following is the text of the verdict of a three-member bench of Supreme Court of Pakistan headed by Justice Mian Shakirullah Jan:
Published 14 Feb, 2010 12:00am
Text of Supreme Court verdict

Text of Supreme Court verdict

The following is the text of the verdict of a three-member bench of Supreme Court of Pakistan headed by Justice Mian Shakirullah Jan:
Published 14 Feb, 2010 12:00am
Need for motivating citizens to donate organs stressed

Need for motivating citizens to donate organs stressed

Although, the National Assembly and the Senate have approved Human Organ and Tissues Transplant Bill, but there is a dire need to motivate citizens for donating organs to the needy patients to save their precious lives.
Published 14 Feb, 2010 12:00am
Mobilink announces Valentine's offer

Mobilink announces Valentine's offer

Mobilink Pakistan has announced a first-of-its-kind Valentine's offer. All the customers who purchase a BlackBerry(r) Storm(tm) smartphone will receive a BlackBerry(r) Pearl(tm) smartphone with it for absolutely free. Valid for all corporate and individua
Published 14 Feb, 2010 12:00am
Aitzaz sees no clash between government, judiciary

Aitzaz sees no clash between government, judiciary

Former President Supreme Court Bar Association (SCBA), Barrister Aitzaz Ahsan, has said that there will be no clash of institutions and the issue judges' appointment will be resolved amicably. Talking to media after attending a function here on Saturday,
Published 14 Feb, 2010 12:00am
Orientation programme for MBA students held

Orientation programme for MBA students held

Punjab University vice-chancellor Professor Dr Mujahid Kamran has stated that the country can attain academic and socio-economic supremacy at the global level only through the promotion of modern scientific and technological knowledge amongst the younger
Published 14 Feb, 2010 12:00am
Valentine Day celebration today

Valentine Day celebration today

Like other parts of the globe, Valentine's Day celebrations would be held in Pakistan on February 14 (Sunday). "Marking the Valentine day is a recent phenomenon in the country, but has caught the fancy of people to a great extent". "Though some see it as
Published 14 Feb, 2010 12:00am
Development of Gorakh Hill as tourist resort under way: Qaim

Development of Gorakh Hill as tourist resort under way: Qaim

Chief Minister Sindh Syed Qaim Ali Shah has said that as a result of initiatives taken by the PPP government, routine life at Gorakh Hill and its adjourning areas would be made possible for the common man within the period of two years. During the tenure
Published 14 Feb, 2010 12:00am
'Economic stability vital for freedom of Kashmir'

'Economic stability vital for freedom of Kashmir'

Chief Minister Punjab, Shahbaz Sharif has said that freedom of Kashmir cannot be achieved without making Pakistan economically strong and independent. "If we promote education in Pakistan and utilise natural resources then not only Pakistan will become ec
Published 14 Feb, 2010 12:00am
Call to use Thar coal for power generation

Call to use Thar coal for power generation

Renowned nuclear scientist Dr Samar Mubarakmand has underlined the need of making all out efforts for utilising Thar coal for power generation to cater energy needs of the country. He said that Pakistan is one of the countries, which is blessed with coal
Published 14 Feb, 2010 12:00am
'Pakistan must adjust policies to exploit future industrial potential'

'Pakistan must adjust policies to exploit future industrial potential'

One of the major reasons that engineering industry is not benefiting from Free Trade Agreements (FTAs) is that it is not aware of opportunities, or threats, from the FTAs. The immediate need is that FTAs should be negotiated with USA and Europe, as they a
Published 14 Feb, 2010 12:00am
'Regulatory duty on paper, paperboard should be waived'

'Regulatory duty on paper, paperboard should be waived'

The All Pakistan Paper Merchant Association (APPMA), Pakistan Publisher and Booksales Association (PPBA) and Pakistan Association of Printing and Graphic Arts Industry (PAPGAI) in a joint resolution have demanded of the government to waive the regulatory
Published 14 Feb, 2010 12:00am
Rangers arrest 25 amid clash between groups

Rangers arrest 25 amid clash between groups

In a timely action, the Police and Rangers arrested 25 persons in Gulistan-e-Jauhar. According to Rangers, the action was taken when two groups clashed with each other. However, the situation was now under control, a Rangers spokesman said Saturday.
Published 14 Feb, 2010 12:00am
'Agriculture information vital to productivity enhancement'

'Agriculture information vital to productivity enhancement'

The farmers' awareness through dissemination of agriculture information from all modes of communication is vital for the productivity enhancement and meeting the food security challenges. This was stated by the President Zarai Taraqiati Bank Limited (ZTBL
Published 14 Feb, 2010 12:00am
NWFP will return to normalcy soon, says Owais

NWFP will return to normalcy soon, says Owais

Governor NWFP Owais Ahmad Ghani has said that the situation in NWFP would soon return to normalcy with the support of people, as successful military operation gave very positive results and the writ of the government has been established in the entire pro
Published 14 Feb, 2010 12:00am
Chief Justice LHC criticises delay in judges' appointment

Chief Justice LHC criticises delay in judges' appointment

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif has deplored that appointments of judges in LHC is being delayed due to unknown reasons. Addressing members of District Bar Association Sialkot here on Saturday, he pointed out that the summary
Published 14 Feb, 2010 12:00am
Eid Milad-un-Nabi celebrations: meeting held to review arrangements

Eid Milad-un-Nabi celebrations: meeting held to review arrangements

Brisk preparations are afoot in Jammu & Kashmir as people inhibiting on either side of the Line of Control prepare to celebrate Eid Milad-un-Nabi (Peace Be Upon Him), the Birth Day of the last and final Prophet Muhammad (PBUH), with full religious zeal an
Published 14 Feb, 2010 12:00am
Qaim visits 'Garhi Khuda Bux'

Qaim visits 'Garhi Khuda Bux'

Sindh Chief Minister Syed Qaim Ali Shah who is also the President of PPP Sindh visited the graves of the martyrs of Bhutto family in Garhi Khuda Bux, here on Saturday. He visited the grave of slain chairperson of PPP and former Prime Minister Shaheed Moht
Published 14 Feb, 2010 12:00am
Cop, dacoit killed in shootout

Cop, dacoit killed in shootout

A Sub-Inspector Police and a dacoit were killed, while three injured, including two policemen during 15 hour-long exchange of fire, when dacoits clashed with police force in Mithianwala area of Police station Chak Jhumra, while four armed dacoits fled awa
Published 14 Feb, 2010 12:00am
Minister reviews Bhit Shah development project

Minister reviews Bhit Shah development project

President Asif Ali Zardari has issued special instructions for developing the shrines of Shah Abdul Latif Bhitai and Qalandar Lal Shahbaz as model "dargahs" being symbol of honour and prestige of the soil of Pakistan and Sindh. This was stated by Sindh Mi
Published 14 Feb, 2010 12:00am
HRC challenges the Frontier Crime Regulation

HRC challenges the Frontier Crime Regulation

The Human Rights Commission (HRC) South Asia on Thursday challenged the Frontier Crimes Regulation (FCR) before the Peshawar High Court, requesting that the residents of the Federally Administered Tribal Areas be given equal rights like other citizens of
Published 14 Feb, 2010 12:00am
Pakistan seeks matching resources for UN peacekeeping missions

Pakistan seeks matching resources for UN peacekeeping missions

Pakistan on Friday called for matching the mandates of UN peacekeeping missions with adequate resources, including sufficient number of well-trained and equipped troops as well as requisite logical support, to make them more effective.
Published 14 Feb, 2010 12:00am
Islami Jamiat Talibat starts campaign against Valentine's Day

Islami Jamiat Talibat starts campaign against Valentine's Day

Activists of the Islami Jamiat Talibat (IJT) Multan have started a campaign against Valentine's Day and urged girls to stop celebrating it, as it is against religious values. A number of female IJT activists including Nazima Amama Tabassum visited various
Published 14 Feb, 2010 12:00am
Karachi's first Convention Centre opens today

Karachi's first Convention Centre opens today

Karachi will have its first Convention Centre to be inaugurated on Sunday (today) at Jinnah Post Graduate Medical Centre. The project named as Najmuddin Auditorium Complex, has been undertaken by Neurology Research and Patient Welfare Fund (NRPWF) and com
Published 14 Feb, 2010 12:00am
Street crimes: IGP asked to evolve plan to conduct crackdown

Street crimes: IGP asked to evolve plan to conduct crackdown

Sindh Home Minister Dr Zulfikar Ali Mirza has directed the police to take positive measures to facilitate the law abiding and peaceful citizens at the police level so that citizens who do not show interest in getting a FIR registered, may prove helpful in
Published 14 Feb, 2010 12:00am
CAA to stage mock exercise

CAA to stage mock exercise

The Pakistan Civil Aviation Authority (CAA) has planned to stage a mock exercise on February 17 at Allama Iqbal International Airport with the aim to be fully prepared for facing any real emergency. According to a CAA's spokesman here on Saturday, the exe
Published 14 Feb, 2010 12:00am
'Independent accountability mechanism a must to replace NAB'

'Independent accountability mechanism a must to replace NAB'

Political pundits, apart from their political associations, are coveting the replacement of politically-motivated National Accountability Bureau with an independent and impartial accountability mechanism, already agreed by two mainstream parties under the
Published 14 Feb, 2010 12:00am
Balochistan government takes action to curb sugar smuggling

Balochistan government takes action to curb sugar smuggling

Following federal government's instructions, Balochistan government has directed the relevant departments to put halt on the smuggling of sugar to the neighbouring countries including Iran and Afghanistan via Balochistan border.
Published 14 Feb, 2010 12:00am
Systematic attacks on schools on rise in Pakistan: Unesco

Systematic attacks on schools on rise in Pakistan: Unesco

Pakistan figures among the four countries that have seen a dramatic increase in systematic attacks on schools, students and teachers between 2006 and 2009, a United Nations Educational, Scientific and Cultural Organisation (Unesco) report says.
Published 14 Feb, 2010 12:00am
Government committed to emancipation of tribal people: President

Government committed to emancipation of tribal people: President

President Asif Ali Zardari on Saturday said that the democratic government was committed to the political and economic emancipation of the tribal people. Talking to a delegation from Fata comprising of senators and MNAs at the Aiwan-e-Sadr, the President
Published 14 Feb, 2010 12:00am
President's decision in accordance with constitution: Kaira

President's decision in accordance with constitution: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira said on Saturday that President has appointed Justice Khawaja Muhammad Sharif as Judge of the Supreme Court, while Justice Saqib Nisar as Acting Chief Justice of the LHC as per constitutional pr
Published 14 Feb, 2010 12:00am
President's decision in accordance with constitution: Kaira

President's decision in accordance with constitution: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira said on Saturday that President has appointed Justice Khawaja Muhammad Sharif as Judge of the Supreme Court, while Justice Saqib Nisar as Acting Chief Justice of the LHC as per constitutional pr
Published 14 Feb, 2010 12:00am
Piracy of imported movies: Malik asks FIA to take action

Piracy of imported movies: Malik asks FIA to take action

Federal Minister for Interior Rehman Malik has directed the Federal Investigation Agency (FIA) to probe into piracy, rental or sales of movies being imported to Pakistan and take the people involved in this crime to the task. Interior Minister issued the
Published 14 Feb, 2010 12:00am
Political crisis deepens

Political crisis deepens

Political crisis in the country deepened on Saturday following a row between the two organs of the state over appointment of judges prompting rumours of emergency after the Supreme Court suspended the Presidency's notification on elevation of two judges.
Published 14 Feb, 2010 12:00am
Senate body considers privilege motion of Senator Idrees Safi

Senate body considers privilege motion of Senator Idrees Safi

Senate Committee on Rules of Procedures & Privileges met here to consider Privilege Motion of Senator Muhammad Idreees Khan Safi in the sitting of the Senate on 21st January, on the insulting behaviour of Political Agent, Mohmand Agency with him. The meet
Published 14 Feb, 2010 12:00am
DHS Executive centre: Nadra starts evening shift from February 15

DHS Executive centre: Nadra starts evening shift from February 15

The National Database and Registration Authority (Nadra) Punjab Region has decided to start evening shift at its Executive Centre at the Defence Housing Society (DHS) from February 15. According to the Nadra spokesman, the decision was taken in view of th
Published 14 Feb, 2010 12:00am
Howitzer guns handed over to Pakistani Army

Howitzer guns handed over to Pakistani Army

The US Army handed over Howitzer guns to Pakistan Army in a simple but impressive ceremony held here on Saturday, said a press release of the ISPR. It said that Brigadier Michael K. Ngata, Deputy Chief ODPR, handed over 115 pieces of Howitzer guns to Brig
Published 14 Feb, 2010 12:00am
US donates five patrol boats to MSA

US donates five patrol boats to MSA

The United States government on Saturday donated five maritime interdiction patrol boats to Pakistan's Maritime Security Agency (MSA) at Karachi shipyard, significantly enhancing the agency's coastal interdiction and patrol capabilities.
Published 14 Feb, 2010 12:00am
Indian water aggression condemned

Indian water aggression condemned

Senator, Syed Javed Ali Shah of PML-Q, Senator Malik Salahuddin Dogar of PPP, Rana Mehmood-ul-Hassan MNA, Chairman of NA's Standing Committee on Ports and Shipping, Begum Memona Hashmi, Begum Nasim Chaudhry, Nawab Liaquat Ali have strongly criticised Indi
Published 14 Feb, 2010 12:00am
HEC launches national video conferencing facility in universities

HEC launches national video conferencing facility in universities

The Higher Education Commission (HEC) has launched a national level of Video Conferencing facility in 70 universities and degree awarding institutions across the country. The Digital Voice and Video Communication Section of HEC deals with the organisation
Published 14 Feb, 2010 12:00am
'Six dams in Nowshera to become operational before June'

'Six dams in Nowshera to become operational before June'

The government of NWFP is all set to bring barren land of 14633 acres under cultivation in six different areas with the completion of six small dams constructed at the cost of Rs 1.692 billion. "Six dams are all set to become operational and start supplyi
Published 14 Feb, 2010 12:00am
Pakistan to help Maldives build capacity in agriculture

Pakistan to help Maldives build capacity in agriculture

Federal Minister for Food & Agriculture, Nazar Muhammad Gondal on Saturday held out an assurance to Maldives's High Commissioner in Pakistan that Pakistan was ready to build institutional linkages with Maldives and would provide every possible support to
Published 14 Feb, 2010 12:00am
Turkish stocks lose early gains

Turkish stocks lose early gains

Turkish stocks erased early gains on Friday, ending 0.6 percent lower as disappointing euro zone economic data unnerved investors. The change in market mood took the shine off shares in Garanti Bank, which had jumped 1.68 percent to 6.05 lira in early tra
Published 14 Feb, 2010 12:00am
Forex outlook: dollar likely to ally for sixth week

Forex outlook: dollar likely to ally for sixth week

The dollar is expected to post its sixth straight weekly gain against the euro in the week ahead as concerns over how Greece will service its debt obligations remain front and center on the minds of investors. A move by China's central bank to raise comme
Published 14 Feb, 2010 12:00am
Canadian dollar softens

Canadian dollar softens

Canada's currency weakened against the US dollar on Friday, hurt by a surprise monetary policy tightening in China, even as strong Canadian economic fundamentals helped it maintain much of its recent gains. China raised the level of reserves that banks mu
Published 14 Feb, 2010 12:00am
Euro woes weigh on Taiwan dollar

Euro woes weigh on Taiwan dollar

The Taiwan dollar fell on Friday from a one-week closing high in the previous session as a lack of detail on a European Union deal to support Greece dampened demand for riskier emerging market currencies. Local banks also bought the safe haven US dollar a
Published 14 Feb, 2010 12:00am
Euro drops on Greece

Euro drops on Greece

The euro fell to a nearly nine-month low against the US dollar on Friday as questions persisted about a rescue deal for debt-stricken Greece, while higher-yielding currencies weakened after China unexpectedly raised bank reserves. The euro headed for its
Published 14 Feb, 2010 12:00am
IMM speculators dollar long bets highest since 2008

IMM speculators dollar long bets highest since 2008

Currency speculators increased bets the US dollar has room to rise to the highest level since the week of September 23, 2008, according to Commodity Futures Trading Commission data released on Friday and Reuters calculation. The value of the dollar's net
Published 14 Feb, 2010 12:00am
Dow and S&P 500 dip

Dow and S&P 500 dip

The Dow and S&P 500 dipped on Friday as China's move to curb bank lending and US and European economic data raised fears the global recovery might be in jeopardy. Even so, Wall Street stocks ended off the day's lows as investors bet the European Union wou
Published 14 Feb, 2010 12:00am
US Treasury Outlook: hopelessly devoted to watching Greece

US Treasury Outlook: hopelessly devoted to watching Greece

A jam-packed schedule of economic data next week will give US Treasury investors a bit of respite from the recent onslaught of bond auctions, but Greece's fiscal fortunes may ultimately set the pace of trade. A regional New York manufacturing measure and
Published 14 Feb, 2010 12:00am
US Treasury Outlook: hopelessly devoted to watching Greece

US Treasury Outlook: hopelessly devoted to watching Greece

A jam-packed schedule of economic data next week will give US Treasury investors a bit of respite from the recent onslaught of bond auctions, but Greece's fiscal fortunes may ultimately set the pace of trade. A regional New York manufacturing measure and
Published 14 Feb, 2010 12:00am
Bargain-hunters help to lift Canadian shares up

Bargain-hunters help to lift Canadian shares up

Toronto's main stock index eked out a gain on Friday as bargain-hunters scooped up stocks seen as undervalued and the index's heavily weighted resource sectors trimmed losses brought on by concerns about China's monetary policy. The TSX rebounded late in
Published 14 Feb, 2010 12:00am
Brazilian stocks, yields weaker

Brazilian stocks, yields weaker

Brazilian stocks closed lower on Friday, as a surprise move by China to tighten credit pulled down markets world-wide. Brazil's benchmark Bovespa index fell 0.41 percent to 65,854.97, snapping a four-day winning streak. China raised the level of reserves
Published 14 Feb, 2010 12:00am
Treasuries higher

Treasuries higher

US Treasury prices rose on Friday as renewed uncertainty over the fate of debt-laden conglomerate Dubai World and China's move to curb lending boosted the appeal of safe government debt. Investors shifted to Treasury bonds after Dubai debt sold off sharpl
Published 14 Feb, 2010 12:00am
Treasuries higher

Treasuries higher

US Treasury prices rose on Friday as renewed uncertainty over the fate of debt-laden conglomerate Dubai World and China's move to curb lending boosted the appeal of safe government debt. Investors shifted to Treasury bonds after Dubai debt sold off sharpl
Published 14 Feb, 2010 12:00am
China yields steady

China yields steady

Chinese bill and bond yields were mostly flat on Friday in quiet pre-holiday trade after the central bank said in a report that it would ensure stable economic growth while controlling inflation expectations. Traders interpreted the report as largely in l
Published 14 Feb, 2010 12:00am
China yields steady

China yields steady

Chinese bill and bond yields were mostly flat on Friday in quiet pre-holiday trade after the central bank said in a report that it would ensure stable economic growth while controlling inflation expectations. Traders interpreted the report as largely in l
Published 14 Feb, 2010 12:00am
US corporate bonds spreads mixed

US corporate bonds spreads mixed

US corporate bonds were mixed on Friday, with spreads on higher-quality names steady while the rest of the market widened on weak consumer sentiment data and ongoing concerns over sovereign risk, traders said. A move by China to restrict bank lending also
Published 14 Feb, 2010 12:00am
US corporate bonds spreads mixed

US corporate bonds spreads mixed

US corporate bonds were mixed on Friday, with spreads on higher-quality names steady while the rest of the market widened on weak consumer sentiment data and ongoing concerns over sovereign risk, traders said. A move by China to restrict bank lending also
Published 14 Feb, 2010 12:00am
Chelsea and Portsmouth into FA Cup last eight

Chelsea and Portsmouth into FA Cup last eight

Holders Chelsea eased into the quarter-finals of the FA Cup with a 4-1 home victory over Championship side Cardiff City on Saturday while Portsmouth won by the same score at local rivals Southampton. Chelsea were up and running early in their noon kickoff
Published 14 Feb, 2010 12:00am
Smith set to defy pain for key India Test

Smith set to defy pain for key India Test

South Africa captain Graeme Smith Saturday said he was confident about playing the decisive second and final Test against India despite breaking a finger. Smith, 29, fractured the little finger on his left hand during the team's fielding session on Friday
Published 14 Feb, 2010 12:00am
Tragedy overshadows Olympics opening

Tragedy overshadows Olympics opening

The Winter Olympics officially opened on Friday but Vancouver's big day was overshadowed by the tragic death of a Georgian luger in an horrific crash. The BC Place stadium staged a colourful indoor ceremony involving a host of stars linking Canada's past
Published 14 Feb, 2010 12:00am
GCU 110th annual sports: Zeeshan wins 5,000 meters race

GCU 110th annual sports: Zeeshan wins 5,000 meters race

As many as 427 students and teachers took part in as many as 22 sports competitions on the second day of 110th annual sports of the Government College University (GCU), Lahore on Saturday. Muhammad Zeeshan of Geography Department won the 5000 Meters Race
Published 14 Feb, 2010 12:00am
Former Real Madrid coach dies

Former Real Madrid coach dies

Former Real Madrid player and coach Luis Molowny has died at the age of 84, the La Liga club said on their website (www.realmadrid.com) on Saturday. Tenerife-born Molowny, a midfielder who represented Spain seven times, spent 11 seasons with Real as a pla
Published 14 Feb, 2010 12:00am
Obama signs law lifting debt ceiling

Obama signs law lifting debt ceiling

President Barack Obama Friday signed into law a bill allowing the United States to borrow another 1.9 trillion dollars, and offsetting the cost of new programmes with spending cuts or tax rises. Obama signed the measure, raising the US debt ceiling to 14.
Published 14 Feb, 2010 12:00am
RBS Cup third round starts

RBS Cup third round starts

The third round of RBS National one-day cricket tournament 2009-10 will get underway from Sunday (today) at different centres of the Country. In Group-A, Karachi Dolphins will face Quetta Bears at Rashid Latif Academy Korangi; Karachi while Hyderabad Hawk
Published 14 Feb, 2010 12:00am
Roddick reaches San Jose semis

Roddick reaches San Jose semis

Top seed Andy Roddick out-muscled Tomas Berdych 7-6 7-6 in a tight contest to earn a place in the final four of the $530,000 San Jose Open on Friday. The world number seven, who is chasing a fourth title at the hardcourt tournament, set up a semi-final ag
Published 14 Feb, 2010 12:00am
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