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Print - 2010-03-15
European bourses depict upward trend

European bourses depict upward trend

Europe's main stock markets rose on Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said. London's benchmark FTSE 100 index gained 0.32 percent to 5,636.72 points, in Paris the CAC 40 was up
Published 15 Mar, 2010 12:00am
JGBs hurt by hedging, profit taking; BoJ eyed

JGBs hurt by hedging, profit taking; BoJ eyed

Japanese government bonds fell on Friday, hurt by dealers hedging after an auction and profit-taking by banks, as well as a rise in Tokyo shares to a seven-week closing high.
Published 15 Mar, 2010 12:00am
JGBs hurt by hedging, profit taking; BoJ eyed

JGBs hurt by hedging, profit taking; BoJ eyed

Japanese government bonds fell on Friday, hurt by dealers hedging after an auction and profit-taking by banks, as well as a rise in Tokyo shares to a seven-week closing high.
Published 15 Mar, 2010 12:00am
Fitch puts Vietnam on ratings watch

Fitch puts Vietnam on ratings watch

International ratings agency Fitch Ratings said on Friday it had placed a negative outlook on Vietnam's debt rating, citing deteriorating confidence in the dong currency and growing inflation risks. The agency said it had placed the country's long-term fo
Published 15 Mar, 2010 12:00am
China's key stock index down 1.24 percent to its lowest close

China's key stock index down 1.24 percent to its lowest close

China's key stock index fell 1.24 percent on Friday to its lowest close in nearly three weeks after higher-than-expected inflation figures this week fuelled concern the central bank would act soon to raise banks' reserve ratios.
Published 15 Mar, 2010 12:00am
Analyst warns chances of collision high

Analyst warns chances of collision high

The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched towards a potentially serious clash about Beijing's currency regime. People's Bank of China Vice Governor Su Ning wa
Published 15 Mar, 2010 12:00am
Thailand's swap yield curve flattens to lowest level

Thailand's swap yield curve flattens to lowest level

Thailand's swap yield curve flattened to its lowest level in five months on Friday after the central bank struck a hawkish note at a review this week triggering speculation it would raise rates soon.
Published 15 Mar, 2010 12:00am
Tokyo shares may focus on monetary policy decisions

Tokyo shares may focus on monetary policy decisions

The Japanese market will turn its focus on monetary policy decisions at home and in the United States next week as well as fresh economic data, hoping for strong indicators, analysts said on Friday. Momentum is behind Japan's headline Nikkei index, which
Published 15 Mar, 2010 12:00am
Australian equities gain 0.4 percent; banks lead

Australian equities gain 0.4 percent; banks lead

Australian shares rose 0.4 percent on Friday, with banks gaining on financial stocks rally in Wall Street and miners climbing on higher commodity prices. Local investors took heart from US stocks largely shrugging off a sharp spike in Chinese inflation th
Published 15 Mar, 2010 12:00am
Canadian dollar advances against US currency

Canadian dollar advances against US currency

The Canadian dollar advanced against the US currency for an 11th straight session on Friday, hitting a 20-month high, after firmer than expected Canadian employment data provided more evidence that economic recovery is taking hold.
Published 15 Mar, 2010 12:00am
Asian stocks mixed as China tightening fears linger

Asian stocks mixed as China tightening fears linger

Lingering fears China may introduce new credit-tightening after higher-than-expected inflation data were offset on Friday by calls from Japan's premier for a weaker yen, leaving Asian stocks mixed.
Published 15 Mar, 2010 12:00am
Somali forces inefficient and corrupt: UN report

Somali forces inefficient and corrupt: UN report

The Somali government's military forces are ineffective and corrupt, despite international assistance, and it remains dependent on foreign troops for survival, UN experts concluded in a report. The Monitoring Group on Somalia also said in its report to be
Published 15 Mar, 2010 12:00am
China's parliament ends session

China's parliament ends session

China's parliament ended its annual session Sunday with the approval of the country's budget for 2010, which calls for more spending on health care, education and low-income housing. Premier Wen Jiabao opened the session of the National People's Congress
Published 15 Mar, 2010 12:00am
EU ready to take unilateral sanctions against Tehran: Kouchner

EU ready to take unilateral sanctions against Tehran: Kouchner

The European Union is ready to unilaterally impose new sanctions on Iran over its disputed nuclear programme, French Foreign Minister Bernard Kouchner confirmed Sunday. Asked by journalists whether there was a consensus within the EU for unilateral sancti
Published 15 Mar, 2010 12:00am
Kurdish guerrillas prepared to disarm: former commander

Kurdish guerrillas prepared to disarm: former commander

Kurdish guerrillas fighting Turkish forces no longer believe they can achieve their aims through violence and would disarm if their leader were freed from prison, a former commander says.
Published 15 Mar, 2010 12:00am
Wen Jiabao says US responsible for bad ties

Wen Jiabao says US responsible for bad ties

The United States is to blame for strains between Beijing and Washington and should take steps to repair ties, Chinese Premier Wen Jiabao said on Sunday, indicating the two powers have not overcome a recent rough patch. Wen said US actions, including a vi
Published 15 Mar, 2010 12:00am
Israel extends West Bank lockdown

Israel extends West Bank lockdown

Israeli Defence Minister Ehud Barak on Saturday extended until Tuesday a lockdown on the West Bank that had been due to end Saturday at midnight, an armed forces spokesman said. Israel sealed off the West Bank on Friday, citing security risks, amid tensio
Published 15 Mar, 2010 12:00am
Taliban assault on Afghanistan's Kandahar kills 35

Taliban assault on Afghanistan's Kandahar kills 35

Thirty-five people were killed in an assault on Kandahar described by the Taliban as a pre-emptive response to Western plans to eradicate them from the strategic city, officials said Sunday. A series of massive explosions rocked the southern city late Sat
Published 15 Mar, 2010 12:00am
France set to punish Sarkozy in regional vote

France set to punish Sarkozy in regional vote

France voted Sunday in regional polls forecast to punish Nicolas Sarkozy's ruling party, the last ballot-box test of his popularity ahead of the 2012 presidential election. Voters struggling from the global economic slowdown are expected to give the gover
Published 15 Mar, 2010 12:00am
Indonesian Muslims protest Obama visit

Indonesian Muslims protest Obama visit

Thousands of Indonesian Muslims on Sunday staged peaceful rallies in cities across the country to protest US President Barack Obama's visit later this month. Around 2,000 protesters from the hard-line Muslim group Hizbut Tahrir, which aims to establish a
Published 15 Mar, 2010 12:00am
Israeli action on settler housing 'destructive': Axelrod

Israeli action on settler housing 'destructive': Axelrod

Israel's announcement of plans to build 1,600 settler homes in East Jerusalem was not only an "insult" to the United States but "destructive" of the Middle East peace process, a top White House official said Sunday.
Published 15 Mar, 2010 12:00am
Netanyahu voices regret in settlement row with US

Netanyahu voices regret in settlement row with US

Israeli Prime Minister Benjamin Netanyahu voiced regret on Sunday for the announcement of a Jewish settlement plan that has strained ties with Washington and threatens the revival of Middle East peace talks.
Published 15 Mar, 2010 12:00am
Irish police free fourth suspect in cartoonist plot probe

Irish police free fourth suspect in cartoonist plot probe

A fourth Muslim arrested over an alleged plot to kill a Swedish cartoonist who drew the Prophet Mohammed with the body of a dog has been released without charge, Irish police said Saturday. The woman was detained Tuesday unty on his head from an al Qaeda-
Published 15 Mar, 2010 12:00am
US soldier killed in attack on Iraq base: military

US soldier killed in attack on Iraq base: military

An American soldier was killed and two wounded in a rocket or mortar attack on a US military base in central Iraq, a statement said on Sunday. The soldier, who was not named, was killed in an "indirect fire attack" on a base in Diyala province north of Ba
Published 15 Mar, 2010 12:00am
Egypt cancels unveiling of restored synagogue

Egypt cancels unveiling of restored synagogue

Egypt cancelled the inauguration of a restored synagogue on Sunday citing objections to Israel's treatment of Muslims in the occupied territories as well as alleged excesses during an earlier ceremony.
Published 15 Mar, 2010 12:00am
Israel arrests top Hamas official in WBank: army

Israel arrests top Hamas official in WBank: army

Israeli forces arrested a senior Hamas figure on Sunday after a raid in the town of Ramallah, the seat of the West Bank-based Palestinian government, the Israeli military said. A military statement described Maher Audi as a founder of Hamas in the West Ba
Published 15 Mar, 2010 12:00am
Ministers grieved over Sehwan tragedy

Ministers grieved over Sehwan tragedy

Sindh Irrigation and Power Minister Syed Murad Al Shah, Katchi Abadis Miniter Engr M Rafique Advocate and Advisor to Sindh CM for Information Jameel Ahmed Soomro on Sunday expressed deep sorrow over deaths in accident at Laki Shah Saddar involving visitor
Published 15 Mar, 2010 12:00am
International Women's Day observed

International Women's Day observed

Khushhali Bank observed International Women's Day (IWD) in recognition of the economic, political and social empowerment of women, said a press release issued recently.
Published 15 Mar, 2010 12:00am
Ban on late night packages

Ban on late night packages

The lawmaker of NWFP and Punjab demanded immediate ban on late night packages, offered by all the mobile companies at cheap rates, in order keep a check on "moral and social values" and to "maintain the youths' health and prevent vice". But mobile phone c
Published 15 Mar, 2010 12:00am
Extension in generals' tenure

Extension in generals' tenure

COAS Ashfaq Parvez Kayani has granted a one-year extension to the service of ISI Chief Lt Gen Ahmed Shuja Pasha, who was due to retire on March 18. He is the fourth serving General to get such extension after Lt Gen Tanvir Tahir, Lt Gen Masood Alam and Lt
Published 15 Mar, 2010 12:00am
Rover's Diary: Country needs a full-time finance minister

Rover's Diary: Country needs a full-time finance minister

Why is it difficult for political parties to find a good finance minister from within their respective rank and file? Why they have to engage technocrats from outside and be stuck once Citibank runs out of its list of 'Shaukats,' as one letter to editor s
Published 15 Mar, 2010 12:00am
Political will needed to tax stock market trading

Political will needed to tax stock market trading

Budget is a financial plan, which shows government priorities to improve the socio-economic condition of the masses through resource allocation on welfare, health and education. Governments in order to strengthen the regime and political future try to pri
Published 15 Mar, 2010 12:00am
Karzai comes to town

Karzai comes to town

Few Pakistanis understand Karzai's lure to this country's executive that activated our prime minister to troop down to the airport to receive him with his entire cabinet. The protocol accorded to the Afghan President in Pakistan rivaled the protocol accor
Published 15 Mar, 2010 12:00am
Distribution of profits from natural resources

Distribution of profits from natural resources

In states with the federal form of government, provinces claim political primacy, as it is they who consciously decide to form the state, unlike the unity states where the constituting units come into being and exit essentially in line with administrative
Published 15 Mar, 2010 12:00am
How does Strauss-Kahn look at global economy?

How does Strauss-Kahn look at global economy?

Speaking to business students at a university in Johannesburg on 9th March, IMF Managing Director Strauss-Kahn made certain observations which were quite interesting, but out of the ordinary. He cautioned that the world needs to prepare for the next econo
Published 15 Mar, 2010 12:00am
CFO Conference 2010 organised

CFO Conference 2010 organised

The Institute of Chartered Accountants of Pakistan (ICAP), in collaboration with Terrabiz organised a full day conference; the CFO Conference 2010; on 'Rising CFO' held recently at a local hotel.
Published 15 Mar, 2010 12:00am
'Council of Parliamentarians' formed to help solve country's problems

'Council of Parliamentarians' formed to help solve country's problems

A non-partisan 'Council of Parliamentarians' (COP) has been formed to help the government solve the political, economic, water, energy and other chronic problems confronting the nation, and to mobilise public opinion to work for unity, progress, prosperit
Published 15 Mar, 2010 12:00am
Barring some essential commodities' prices depicted modest fluctuations

Barring some essential commodities' prices depicted modest fluctuations

The rising trend was marked in some essential items, while other items showed modest fluctuations either ways during the week ended on March 13, 2010. Kirana items at Jodia Bazaar on the week opening day depicted rise in black pepper from Singapore by Rs
Published 15 Mar, 2010 12:00am
Aptma plans to close its 350 spinning mills on 18th

Aptma plans to close its 350 spinning mills on 18th

With the close of this February month, winter season has ended and start of this March month has herald on setting of summer season. Although, cotton sowing had reportedly taken start in some patches areas of Lower Sindh but it has accelerated its speed w
Published 15 Mar, 2010 12:00am
Aptma plans to close its 350 spinning mills on 18th

Aptma plans to close its 350 spinning mills on 18th

With the close of this February month, winter season has ended and start of this March month has herald on setting of summer season. Although, cotton sowing had reportedly taken start in some patches areas of Lower Sindh but it has accelerated its speed w
Published 15 Mar, 2010 12:00am
Makhdoom terms government's performance satisfactory

Makhdoom terms government's performance satisfactory

Foreign Minister Makhdoom Shah Mehmood Qureshi has said that the government's two-year performance is highly satisfactory, as PPP formed the government under very critical circumstances. He said that development projects are being speedily completed, whic
Published 15 Mar, 2010 12:00am
'PPP believes in democracy'

'PPP believes in democracy'

Provincial Minister for Population Welfare, Neelam Jabbar Chaudhry has said that Pakistan People's Party (PPP) believes in democracy and will take an active part in the forthcoming local bodies elections and would field its candidates on all union council
Published 15 Mar, 2010 12:00am
Reduction in cotton yarn export termed biased decision

Reduction in cotton yarn export termed biased decision

Vice Chairman FPCCI Standing Committee on Textile Ancillaries Mian Faraz Alam has said that abrupt reduction of yarn export quota from 50,000 to 35,000 tons per month is a biased decision and Ministry of Textile should give equal business opportunities to
Published 15 Mar, 2010 12:00am
Etihad airways guest programme: Bank Alfalah joins as partner

Etihad airways guest programme: Bank Alfalah joins as partner

Etihad Airways, has announced a new partnership with Bank Alfalah for its Etihad Guest, the award-winning loyalty programme, allowing Etihad Guest members to convert their accumulated Bank Alfalah credit card reward points to Etihad Guest Miles.
Published 15 Mar, 2010 12:00am
Makro to close down Lines Area store on March 19

Makro to close down Lines Area store on March 19

The management of Makro has announced that it will be closing down business at their store in Lines Area Karachi as per the honourable Supreme Court's order, on 19th March 2010 when the 90-day period given to it in the order ends, a statement of the Makro
Published 15 Mar, 2010 12:00am
Punjab Eye Bank to be established

Punjab Eye Bank to be established

Punjab Minister for Population Welfare, Neelam Jabbar has said that the government is providing funds to public sector eye hospitals for complete elimination of blindness from the country by 2020. While talking to media persons on the eve of World Glaucom
Published 15 Mar, 2010 12:00am
'PML-N refused to accept foreign diktat'

'PML-N refused to accept foreign diktat'

Punjab Chief Minister, Shahbaz Sharif on Sunday speaking at the Mufti Muhammad Hussain Naeemi Seminar in Jamia Naeemia said that Pakistan Muslim League-N (PML-N) had refused to accept foreign diktat and stood strong and resolute before Musharraf. The Chie
Published 15 Mar, 2010 12:00am
Law and order in Skardu under control: SP

Law and order in Skardu under control: SP

Superintendent Police District Skardu Mohammad Ali Shah said the law and order situation in Skardu is completely under control and police is keeping a watch on every person who enters and exits the district. Talking to APP, he said he has issued instructi
Published 15 Mar, 2010 12:00am
Exhibition on preservation of heritage to conclude today

Exhibition on preservation of heritage to conclude today

An artwork exhibition featuring paintings on the preservation of all types of heritage by eminent artist Mussarrat Nahid Imam will conclude on Monday (today). The display of 24 art pieces is the 16th solo show by painter and writer Mussarrat Imam at Khas
Published 15 Mar, 2010 12:00am
What is turning Gwadar Port into a white elephant?

What is turning Gwadar Port into a white elephant?

Failure to hand over free zone to operator of Gwadar Port, for construction of warehousing facility is turning the Port of the future into a white elephant with both the government and Port Singapore Authority losing millions.
Published 15 Mar, 2010 12:00am
Consumers Rights Day being marked today

Consumers Rights Day being marked today

As elsewhere, the 'World Consumer Rights Day' will also be observed in the metropolis today. To mark the occasion, candles would be lit in front of the Empress market in Saddar here on Monday (today) evening under the auspices of the Consumers Federation.
Published 15 Mar, 2010 12:00am
Government fails to control price hike

Government fails to control price hike

The City District Government of Multan (CDGM) has failed to maintain prices of the kitchen items due to which shopkeepers, milkmen, butchers, vegetable and fruit vendors are charging prices of their will.
Published 15 Mar, 2010 12:00am
Talks under way for executing MCCI's MMB master plan

Talks under way for executing MCCI's MMB master plan

Chief Executive of Small and Medium Enterprises Development Authority (SMEDA) Shahid Rasheed has said we are negotiating with different donors and fund raising agencies for executing the Multan Chamber of Commerce and Industry's management marketing busin
Published 15 Mar, 2010 12:00am
Drip irrigation system at subsidised rate

Drip irrigation system at subsidised rate

The Punjab government has evolved a comprehensive plan for introducing drip irrigation system at subsidised rates to overcome an acute water crisis in the province.
Published 15 Mar, 2010 12:00am
'New industrial policy on anvil'

'New industrial policy on anvil'

Federal Secretary Production & Industries, Abdul Ghaffar Somroo has said that government is in the process of framing a comprehensive 'Industrial Policy' with the consent of all chambers of Commerce and Industry. He said this while addressing the members
Published 15 Mar, 2010 12:00am
175 suspects held in Rawalpindi

175 suspects held in Rawalpindi

Police continued the search operation for the second day in the limits of Pir Wadhai police station, on Sunday. At least 175 suspected people were arrested in the operation, a private News channel reported. According to SSP Operations office, the operatio
Published 15 Mar, 2010 12:00am
Cotton belt: PCGA for ban on setting up of sugar mills

Cotton belt: PCGA for ban on setting up of sugar mills

The General Body of Pakistan Cotton Ginners Association (PCGA) has demanded that issuance of licences for the establishment of sugar mills be banned in the cotton belt and all sugar mills established in this zone be shifted to the non-cotton areas.
Published 15 Mar, 2010 12:00am
Bt cottonseeds to be sold at Rs 100/kg

Bt cottonseeds to be sold at Rs 100/kg

Director General Agriculture Department Dr. Anjum Ali has directed the Punjab Seed Corporation to fix the rate of attested Bt Cottonseeds at Rs 100 per kg. He said that farmers should not use unattested and poor quality seeds in the name of Bt cotton and
Published 15 Mar, 2010 12:00am
Quality products: NPO to introduce 'Prime Minister Quality Award'

Quality products: NPO to introduce 'Prime Minister Quality Award'

Chief Executive of National Productivity Organisation (NPO), Khawaja Muhammad Yousaf has said NPO will introduce Prime Minister Quality Award to encourage businessmen to bring the country's products to international standards.
Published 15 Mar, 2010 12:00am
Writers' community stresses promotion of human values

Writers' community stresses promotion of human values

Speakers at an international writers' conference stressed need to inculcate human values of love, peace and brotherhood in younger generation through sufi teachings to end extremism from society. They were addressing the inaugural session of the three-day
Published 15 Mar, 2010 12:00am
Yarn export issue: 'some elements trying to misguide business community'

Yarn export issue: 'some elements trying to misguide business community'

Federal Mini-ster for Textile Industry Rana Muhammad Farooq Saeed Khan has expressed resolve that all genuine problems of the textile sector would be solved on priority basis as the government is serious in mitigating the sufferings of all the stakeholder
Published 15 Mar, 2010 12:00am
Pakistan has strong cultural heritage: Afridi

Pakistan has strong cultural heritage: Afridi

Federal Minister for Environment Hameedullah Jan Afridi has said that Pakistan has a strong cultural heritage, which would be a driving force for people to strive for a strong and stable Pakistan. "Pakistani culture is our identity and we should feel prou
Published 15 Mar, 2010 12:00am
Pakistani delegation attending Tourism Fair in Germany

Pakistani delegation attending Tourism Fair in Germany

A delegation from Pakistan is attending the largest tourism fair in Berlin. An announcement here on Sunday said that the Pakistan delegation includes of Federal Tourism Minister, Maulana Atta ur Rehman, Sindh Tourism, Ms. Shazia Marri and Provincial Secre
Published 15 Mar, 2010 12:00am
Research findings being disseminated to growers through media: DG ARS

Research findings being disseminated to growers through media: DG ARS

Director Gen-eral (DG) Agriculture Research Sindh (ARS), Hidayatullah Chhajro, has said that research findings are being disseminated to the growers through media, in this context complaint cells have been set up in different institutes, including Agricul
Published 15 Mar, 2010 12:00am
PAC berates SNGPL chief for inflated gas bills

PAC berates SNGPL chief for inflated gas bills

The Managing Director of Sui Northern Gas Pipelines (SNGPL), Abdul Rashid Lone, was calm, lonely and helpless when the Public Accounts Committee (PAC) drubbed him for inflated gas bills, turning down his logical briefing, which served no purpose in the fa
Published 15 Mar, 2010 12:00am
Attock police seize explosives laden truck

Attock police seize explosives laden truck

A truck loaded with explosives has been seized in Attock area of Haji Shah, however, the three culprits managed to flee in the darkness of the night, a private news channel reported. Quoting the police sources it said ten packs of gunpowder, wires and oth
Published 15 Mar, 2010 12:00am
15 killed, 35 injured in truck-van collision

15 killed, 35 injured in truck-van collision

Fifteen persons were killed while 35 others including women and children sustained injures in a road accident on Indus Highway at Lakki Shah Saddar near Sehwan, on Sunday.
Published 15 Mar, 2010 12:00am
15 killed, 35 injured in truck-van collision

15 killed, 35 injured in truck-van collision

Fifteen persons were killed while 35 others including women and children sustained injures in a road accident on Indus Highway at Lakki Shah Saddar near Sehwan, on Sunday.
Published 15 Mar, 2010 12:00am
MONEY WEEK: crowding out has paused briefly

MONEY WEEK: crowding out has paused briefly

Foreign inflows finally poured in the week ending February 27. While it triggers some positive sentiments for the moment, it isn''t enough for the system to sustain itself unless more money flows in. Net Foreign Assets rose by Rs31 billion, thanks to CSF
Published 15 Mar, 2010 12:00am
MONEY WEEK: crowding out has paused briefly

MONEY WEEK: crowding out has paused briefly

Foreign inflows finally poured in the week ending February 27. While it triggers some positive sentiments for the moment, it isn't enough for the system to sustain itself unless more money flows in. Net Foreign Assets rose by Rs31 billion, thanks to CSF p
Published 15 Mar, 2010 12:00am
MONEY WEEK: crowding out has paused briefly

MONEY WEEK: crowding out has paused briefly

Foreign inflows finally poured in the week ending February 27. While it triggers some positive sentiments for the moment, it isn't enough for the system to sustain itself unless more money flows in. Net Foreign Assets rose by Rs31 billion, thanks to CSF p
Published 15 Mar, 2010 12:00am
Rules violation: SECP imposes Rs 2.5 million fine on KSE member

Rules violation: SECP imposes Rs 2.5 million fine on KSE member

The Securities and Exchange Commission of Pakistan (SECP) has imposed a penalty of Rs 2,500,000 on a member of Karachi Stock Exchange (KSE) who violated the rules and regulations of the SECP and KSE in shares transactions.
Published 15 Mar, 2010 12:00am
Rules violation: SECP imposes Rs 2.5 million fine on KSE member

Rules violation: SECP imposes Rs 2.5 million fine on KSE member

The Securities and Exchange Commission of Pakistan (SECP) has imposed a penalty of Rs 2,500,000 on a member of Karachi Stock Exchange (KSE) who violated the rules and regulations of the SECP and KSE in shares transactions.
Published 15 Mar, 2010 12:00am
Rules violation: SECP imposes Rs 2.5 million fine on KSE member

Rules violation: SECP imposes Rs 2.5 million fine on KSE member

The Securities and Exchange Commission of Pakistan (SECP) has imposed a penalty of Rs 2,500,000 on a member of Karachi Stock Exchange (KSE) who violated the rules and regulations of the SECP and KSE in shares transactions.
Published 15 Mar, 2010 12:00am
Thousands of protesters swarm Bangkok, seek elections

Thousands of protesters swarm Bangkok, seek elections

Tens of thousands of protesters converged in Bangkok on Sunday and gave Thailand's military-backed government an ultimatum: call elections within 24 hours or face crippling mass demonstrations across the capital.
Published 15 Mar, 2010 12:00am
Thousands of protesters swarm Bangkok, seek elections

Thousands of protesters swarm Bangkok, seek elections

Tens of thousands of protesters converged in Bangkok on Sunday and gave Thailand's military-backed government an ultimatum: call elections within 24 hours or face crippling mass demonstrations across the capital.
Published 15 Mar, 2010 12:00am
Tremors felt in Lahore and Kasur

Tremors felt in Lahore and Kasur

Tremors were felt, on Sunday, in Lahore and its adjacent areas including Kasur. Talking to a private TV channel Chief Meteorologist Mohammad Riaz said that the quake was recorded at 4.7 at Richter scale. He maintained that the epicenter of the earthquake
Published 15 Mar, 2010 12:00am
Six Indian policemen hurt in IoK

Six Indian policemen hurt in IoK

Six policemen were hurt Sunday when suspected militants attacked their patrol with a grenade in Occupied Srinagar, a police spokesman said. It was the third assault in ten days on police in Occupied Srinagar. Two policemen were killed in the previous two
Published 15 Mar, 2010 12:00am
Six Indian policemen hurt in IoK

Six Indian policemen hurt in IoK

Six policemen were hurt Sunday when suspected militants attacked their patrol with a grenade in Occupied Srinagar, a police spokesman said. It was the third assault in ten days on police in Occupied Srinagar. Two policemen were killed in the previous two
Published 15 Mar, 2010 12:00am
US to extend $18.36 million for repairing TPS Jamshoro

US to extend $18.36 million for repairing TPS Jamshoro

US would extend $18.36 million financial assistance to Pakistan for repairing of Thermal Power Station (TPS) Jamshoro, under strategic objective grant. For this purpose, an agreement will be inked between the GoP and the USAID on March, 17, 2010, in the c
Published 15 Mar, 2010 12:00am
US to extend $18.36 million for repairing TPS Jamshoro

US to extend $18.36 million for repairing TPS Jamshoro

US would extend $18.36 million financial assistance to Pakistan for repairing of Thermal Power Station (TPS) Jamshoro, under strategic objective grant. For this purpose, an agreement will be inked between the GoP and the USAID on March, 17, 2010, in the c
Published 15 Mar, 2010 12:00am
US to extend $18.36 million for repairing TPS Jamshoro

US to extend $18.36 million for repairing TPS Jamshoro

US would extend $18.36 million financial assistance to Pakistan for repairing of Thermal Power Station (TPS) Jamshoro, under strategic objective grant. For this purpose, an agreement will be inked between the GoP and the USAID on March, 17, 2010, in the c
Published 15 Mar, 2010 12:00am
India prepares for interceptor missile test

India prepares for interceptor missile test

India planned to test an interceptor missile in the eastern state of Orissa, where at least 3,000 people living in villages near a test range had been shifted to temporary camps, news reports said Sunday.
Published 15 Mar, 2010 12:00am
India prepares for interceptor missile test

India prepares for interceptor missile test

India planned to test an interceptor missile in the eastern state of Orissa, where at least 3,000 people living in villages near a test range had been shifted to temporary camps, news reports said Sunday.
Published 15 Mar, 2010 12:00am
Two Indians held in alleged Mumbai terror plot

Two Indians held in alleged Mumbai terror plot

Indian police said Sunday they prevented a major terrorist strike in Mumbai by arresting two men who were preparing to attack several targets in the city, the country's financial and entertainment hub K P Raghuvanshi, chief of Mumbai's anti-terrorism squa
Published 15 Mar, 2010 12:00am
Two Indians held in alleged Mumbai terror plot

Two Indians held in alleged Mumbai terror plot

Indian police said Sunday they prevented a major terrorist strike in Mumbai by arresting two men who were preparing to attack several targets in the city, the country's financial and entertainment hub K P Raghuvanshi, chief of Mumbai's anti-terrorism squa
Published 15 Mar, 2010 12:00am
Healthcare overhaul will pass: top White House aide

Healthcare overhaul will pass: top White House aide

A senior White House adviser said on Sunday that President Barack Obama would get the votes necessary to pass a sweeping overhaul of the US healthcare system. "I think we will have the votes to pass this," David Axelrod, a senior Obama aide, told CNN's "S
Published 15 Mar, 2010 12:00am
Germany's Bundesbank to oppose backing EMF with gold

Germany's Bundesbank to oppose backing EMF with gold

Germany's Bundesbank would oppose any government initiative to use its gold reserves as backing for a European Monetary Fund (EMF), a spokeswoman said. German magazine Focus reported on Saturday that the finance ministry was considering the possibility of
Published 15 Mar, 2010 12:00am
Germany's Bundesbank to oppose backing EMF with gold

Germany's Bundesbank to oppose backing EMF with gold

Germany's Bundesbank would oppose any government initiative to use its gold reserves as backing for a European Monetary Fund (EMF), a spokeswoman said. German magazine Focus reported on Saturday that the finance ministry was considering the possibility of
Published 15 Mar, 2010 12:00am
Saudi to launch index funds for foreigners

Saudi to launch index funds for foreigners

Saudi Arabia plans to launch stock market index funds accessible to foreigners by the end of March in a bid to open up the Arab world's biggest bourse, the market regulator's chief said in remarks published on Sunday.
Published 15 Mar, 2010 12:00am
Saudi to launch index funds for foreigners

Saudi to launch index funds for foreigners

Saudi Arabia plans to launch stock market index funds accessible to foreigners by the end of March in a bid to open up the Arab world's biggest bourse, the market regulator's chief said in remarks published on Sunday.
Published 15 Mar, 2010 12:00am
Iraqi Prime Minister takes lead in key province, Kurds hold off 'Change'

Iraqi Prime Minister takes lead in key province, Kurds hold off 'Change'

Prime Minister Nuri al-Maliki's bloc built on its gains in Iraq's parliamentary election, initial results showed on Sunday, as he took a comfortable lead in the key province of Basra. In northern Iraq, the country's Kurds also appeared to be voting for mo
Published 15 Mar, 2010 12:00am
Jets pound Taliban hide-outs; 16 die

Jets pound Taliban hide-outs; 16 die

Fighter planes bombed Taliban positions in the north-west on Sunday, killing 16 militants and destroying three hideouts, a government official said. Militants have gone on the offensive again after a recent lull in violence, challenging government asserti
Published 15 Mar, 2010 12:00am
Jets pound Taliban hide-outs; 16 die

Jets pound Taliban hide-outs; 16 die

Fighter planes bombed Taliban positions in the north-west on Sunday, killing 16 militants and destroying three hideouts, a government official said. Militants have gone on the offensive again after a recent lull in violence, challenging government asserti
Published 15 Mar, 2010 12:00am
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