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Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-08-17
Indian inflation slows to single digits

Indian inflation slows to single digits

India's inflation has fallen below 10 percent - its lowest level since February, official data showed Monday, giving the central bank room to slow its aggressive monetary tightening. The inflation decline in Asia's third-largest economy came as welcome ne
Published 17 Aug, 2010 12:00am
WTO raps EU in IT suit, Brussels complains

WTO raps EU in IT suit, Brussels complains

A World Trade Organisation panel gave broad backing on Monday to the United States, Japan and Taiwan in their complaint over controversial European duties on electronics products, and told Brussels to bring its trade measures into line with international
Published 17 Aug, 2010 12:00am
Vedanta in $9.6 billion deal to control Cairn India

Vedanta in $9.6 billion deal to control Cairn India

Vedanta Resources plans to spend up to $9.6 billion clinching control of Cairn India, giving billionaire mining magnate Anil Agarwal a slice of India's oil reserves and exposure to surging demand. Britain's Cairn Energy said on Monday it would sell most o
Published 17 Aug, 2010 12:00am
China province cuts power to 500 plants

China province cuts power to 500 plants

Authorities in eastern China have cut off electricity to more than 500 factories for a month after they failed to meet emission reduction targets, state media reported Monday. The news came after China warned more than 2,000 companies in high-polluting an
Published 17 Aug, 2010 12:00am
British insurer Aviva rejects $7.8 billion take-over

British insurer Aviva rejects $7.8 billion take-over

British insurer Aviva said Monday it had rejected a take-over bid for part of its business from rival RSA worth 5.0 billion pounds (6.0 billion euros, 7.8 billion dollars) in cash. The proposal was for its general insurance businesses in Britain, Ireland
Published 17 Aug, 2010 12:00am
Canada's existing home sales fall

Canada's existing home sales fall

Sales of existing homes in Canada fell 6.8 percent in July, almost entirely because of fewer sales in the big provinces of British Columbia and Ontario, the Canadian Real Estate Association (CREA) said on Monday. The figures are the latest to show that Ca
Published 17 Aug, 2010 12:00am
South Africa's Aspen to buy Sigma drugs arm for $804 million

South Africa's Aspen to buy Sigma drugs arm for $804 million

South Africa's Aspen Pharmacare will buy the drugs unit of Australia's Sigma Pharmaceuticals for $804 million in cash, having sweetened its offer to gain about a quarter of Australia's generic market. The bid from Aspen likely ends a three-month tussle be
Published 17 Aug, 2010 12:00am
Asian debt spreads widen

Asian debt spreads widen

Asian debt spreads widened on Monday on investor concern about global economic prospects, while bonds from Hong Kong developers were steady even after the government adopted more measures to cool the real estate market. The Asia ex-Japan iTraxx investment
Published 17 Aug, 2010 12:00am
Asian debt spreads widen

Asian debt spreads widen

Asian debt spreads widened on Monday on investor concern about global economic prospects, while bonds from Hong Kong developers were steady even after the government adopted more measures to cool the real estate market. The Asia ex-Japan iTraxx investment
Published 17 Aug, 2010 12:00am
Indian shares drop

Indian shares drop

Indian shares on Monday shed 0.6 percent on weak global peers as a weaker-than-expected gross domestic product data from Japan added to concerns over a faltering global economic recovery. Reliance Communications slid as much as 4.6 percent, as India's No
Published 17 Aug, 2010 12:00am
Shanghai shares jump, Hong Kong stocks up

Shanghai shares jump, Hong Kong stocks up

Shanghai shares jumped two percent, lifting the Hong Kong market, on Monday, as investors scooped up large-cap banking and energy stocks on growing optimism over China's economy. The Shanghai Composite Index rose 2.1 percent to 2,661.7, and the rally help
Published 17 Aug, 2010 12:00am
European CDS spreads widen

European CDS spreads widen

European corporate credit default swap spreads widened on Monday in thin volumes, with many investors and traders absent for holidays, although disappointing economic data may dampen sentiment. By 0632 GMT, the investment-grade Markit iTraxx Europe index
Published 17 Aug, 2010 12:00am
European CDS spreads widen

European CDS spreads widen

European corporate credit default swap spreads widened on Monday in thin volumes, with many investors and traders absent for holidays, although disappointing economic data may dampen sentiment. By 0632 GMT, the investment-grade Markit iTraxx Europe index
Published 17 Aug, 2010 12:00am
Monday's early afternoon trade: Wall Street drifts higher

Monday's early afternoon trade: Wall Street drifts higher

US stocks rose on Monday, led by technology shares, as investors shrugged off signs of a weak economy to wade into stocks that have become cheap. The Nasdaq Composite index gained 0.8 percent and the Dow and S&P 500 rose slightly as Wall Street stanched t
Published 17 Aug, 2010 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks recouped early losses to rise 0.63 percent on Monday, as investors chased smartphone maker HTC Corp and cellphone parts suppliers on hopes of a brighter earnings outlook this year. The communications & Internet sub-index jumped 1.75 percent.
Published 17 Aug, 2010 12:00am
Malaysian stocks rises to nearly 2-1/2 years high

Malaysian stocks rises to nearly 2-1/2 years high

Malaysian stocks rose to their highest in nearly 2-1/2 years on Monday on optimism over domestic economic growth, while Southeast Asia's other big stock markets retreated on concerns over the global economy. Malaysia's main share index ended up 0.8 percen
Published 17 Aug, 2010 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei average fell 0.6 percent on Monday after data showed Japan's economy slowed sharply in the April-June quarter, with investors eyeing the yen's impact on corporate profits should the currency strengthen further. But losses were limited after sup
Published 17 Aug, 2010 12:00am
Seoul shares trim losses

Seoul shares trim losses

Seoul shares trimmed earlier near-2 percent losses to close down 0.2 percent on Monday, helped by gains in nuclear power issues such as KEPCO E&C, but falls in banking stocks such as KB Financial weighed. The Korea Composite Stock Price Index (KOSPI) ende
Published 17 Aug, 2010 12:00am
UK's top shares index flat

UK's top shares index flat

Britain's top shares closed flat on Monday as concerns over economic recovery after weak data from Japan offset firmer miners, led up by Vedanta Resources which made its play for a controlling stake in Cairn India. The FTSE 100 ended up 0.66 points at 5,2
Published 17 Aug, 2010 12:00am
Yuan declines versus dollar

Yuan declines versus dollar

The yuan closed lower against the dollar but rose versus the euro on Monday, guided by the People's Bank of China as the Chinese central bank steered the yuan in relation to a basket of currencies. The central bank set the yuan's mid-point, or its referen
Published 17 Aug, 2010 12:00am
Yen rises broadly in Asia

Yen rises broadly in Asia

The yen rose broadly on Monday as high-yielding currencies and Asian equities faltered, with talk of possible demand from Japanese exporters and investor fund repatriation also giving the yen a boost. Data showing that Japan's economic growth slowed marke
Published 17 Aug, 2010 12:00am
New York midday trade: Euro rebounds; yen, Swiss franc gain

New York midday trade: Euro rebounds; yen, Swiss franc gain

The euro recovered against the dollar on Monday after heavy selling last week, but safe-haven currencies won out on overall growth concerns. The premium that investors demand to hold 10-year Irish and Greek government bonds rather than German Bunds widene
Published 17 Aug, 2010 12:00am
Yen and Swiss franc lead in safe-haven buying

Yen and Swiss franc lead in safe-haven buying

The yen and the Swiss franc led a broad rally in safe-haven currencies on Monday, while the euro pared gains against the dollar on heightened sensitivity to risk in eurozone bond markets. The premium that investors demand to hold 10-year Irish and Greek g
Published 17 Aug, 2010 12:00am
Euribor futures rise

Euribor futures rise

Eurozone interest rate futures rose on Monday with some contracts hitting record highs as the market pared monetary policy tightening expectations in 2011 on mounting concerns about the health of the global economy. Data on Monday revealed Japan's economy
Published 17 Aug, 2010 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee weakened on Monday hurt by losses in local shares and other regional currencies, but dollar sales from some exporters stemmed steep falls in the local unit. The partially convertible rupee closed at 46.80/81 per dollar, marginally weaker
Published 17 Aug, 2010 12:00am
Ringgit, won lead Asian currencies down

Ringgit, won lead Asian currencies down

The Malaysian ringgit and South Korean won led a retreat in Asian currencies on Monday as weak Japanese economic data made investors more wary of risk. But the Thai baht bucked the trend, inching towards a 28-month high despite spotty central bank moves t
Published 17 Aug, 2010 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against the dollar on Monday, clawing back after sliding to a three-week low earlier and tracking the euro's rise against the dollar as risk appetite improved. A fall in UK house prices, however, put sterling under some selling pressure agai
Published 17 Aug, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.45/69.46 (previous 69.45/69.4580). Call Money Rates: 7.00-9.90 percent (previous 5.95-9.50 percent).
Published 17 Aug, 2010 12:00am
Australian and New Zealand dollars pare losses

Australian and New Zealand dollars pare losses

The Australian and New Zealand dollars recouped some of its recent losses on Monday after a bounce in Shanghai stocks set off a short-squeeze. The Australian dollar recouped all of this session's losses to trade at $0.8942, after falling as far as $0.8861
Published 17 Aug, 2010 12:00am
Clijsters takes WTA title

Clijsters takes WTA title

Belgian fourth seed Kim Clijsters saved three match points just before a 74-minute rain break and rallied to beat Russia's Maria Sharapova 2-6, 7-6 (7/4), 6-2 in the WTA Cincinnati Open final. Clijsters won her third crown of the year at the same two mill
Published 17 Aug, 2010 12:00am
Murray beats Federer to win Toronto title

Murray beats Federer to win Toronto title

Andy Murray humbled Roger Federer 7-5 7-5 to defend his Toronto Masters title on Sunday, confirming the Briton as one of the favourites for the US Open. Murray was in imperious form on the Canadian hardcourts, sweeping aside world number one Rafa Nadal an
Published 17 Aug, 2010 12:00am
Sehwag powers India to comfortable win

Sehwag powers India to comfortable win

Virender Sehwag cracked a robust 99 not out to help India post a comfortable six-wicket victory over Sri Lanka in the triangular one-day series on Monday. The opener hit two sixes and 11 fours in his 100-ball knock as India raced to the 171-run target wit
Published 17 Aug, 2010 12:00am
Trapped cat at heart of Swann drink-driving trial

Trapped cat at heart of Swann drink-driving trial

England cricketer Graeme Swann said he was motoring off to buy screwdrivers to rescue a trapped cat when he was arrested for drink-driving, a court heard at the beginning of his trial Monday. The Nottinghamshire off-spinner, ranked the third best Test bow
Published 17 Aug, 2010 12:00am
Time to repay coaching staff: Imran Farhat

Time to repay coaching staff: Imran Farhat

Pakistan opener Imran Farhat has urged his team to repay the faith of their coaching team in the third Test against England which starts at the Oval on Wednesday. Pakistan are 2-0 down in the four-match series after being overwhelmed by England in Notting
Published 17 Aug, 2010 12:00am
Winning Ashes 5-0 'absolutely possible': Ponting

Winning Ashes 5-0 'absolutely possible': Ponting

Australian skipper Ricky Ponting said Monday it was "absolutely possible" that his team could regain the Ashes with a 5-0 sweep against England later this year. Ponting, who lost the Ashes for a second time as captain in the 2-1 series defeat in England l
Published 17 Aug, 2010 12:00am
Aussie paceman Tait rules himself out of Ashes

Aussie paceman Tait rules himself out of Ashes

Australian paceman Shaun Tait said Monday he will not be available to play in the Ashes Test series against England. Tait, who has just returned home after playing Twenty20 cricket for Welsh county Glamorgan, confirmed he will no longer play in the longer
Published 17 Aug, 2010 12:00am
Latest attempt to kill Saudi counterterrorism chief fails

Latest attempt to kill Saudi counterterrorism chief fails

Saudi Arabia's security forces have foiled a new attempt on the life of the country's deputy interior minister in charge of counterterrorism, a newspaper reported Monday. The report by the Okaz newspaper said an attacker was plotting to kill Prince Mohamm
Published 17 Aug, 2010 12:00am
Al Qaeda's north Africa wing calls for revenge against France

Al Qaeda's north Africa wing calls for revenge against France

Al Qaeda's north Africa branch called for revenge against France and labelled its President Nicolas Sarkozy an "enemy of God" over a deadly raid last month, in an online message seen by AFP on Monday. "To the enemy of Allah (God) Sarkozy I say: You have m
Published 17 Aug, 2010 12:00am
New Arabic online magazine to include gay writers

New Arabic online magazine to include gay writers

Arab and Palestinian writers and intellectuals on Monday launched a new online magazine in Israel that aims to challenge taboos, including by featuring articles by gays and lesbians. "Our site will be like a cultural oasis to which a person can escape to
Published 17 Aug, 2010 12:00am
Netanyahu looks beyond Turkey in rare Greek visit

Netanyahu looks beyond Turkey in rare Greek visit

Prime Minister Benjamin Netanyahu began Israel's highest-level visit to Greece on Monday, in a sign Israel is looking beyond its troubled alliance with Turkey for other strategic Mediterranean partners. Netanyahu's two days in Athens come a month after a
Published 17 Aug, 2010 12:00am
Israel rejects 'preconditions' for direct peace talks

Israel rejects 'preconditions' for direct peace talks

Israeli officials on Monday rejected any "preconditions" ahead of an expected international invitation to direct peace talks with the Palestinians that would call for a complete settlement freeze. Their remarks came as Washington appeared to be closing in
Published 17 Aug, 2010 12:00am
13 killed in China fireworks explosion

13 killed in China fireworks explosion

An explosion at a fireworks factory in north-eastern China has left 13 people dead and another 148 injured, state media said Monday, in the latest deadly industrial accident to strike the country. The blast happened at 9:45 am (0145 GMT) at a factory near
Published 17 Aug, 2010 12:00am
Hundreds of animals die in Indonesian zoo

Hundreds of animals die in Indonesian zoo

Neglect and infighting between the management of Indonesia's largest zoo cost the lives of hundreds of animals, including a rare Sumatran tiger over the weekend, an official said Monday. "The deaths of the animals were a result of neglect in the zoo as th
Published 17 Aug, 2010 12:00am
Storm rips through north-west Russia, Moscow braced

Storm rips through north-west Russia, Moscow braced

Tens of thousands in north-west Russia were left without electricity Monday when a storm ripped through the region after weeks of drought, with the weather set to hit Moscow later. The emergencies ministry in the Leningrad region around Russia's second ci
Published 17 Aug, 2010 12:00am
Four Iranian among five killed in Iraq bomb

Four Iranian among five killed in Iraq bomb

A car bomb killed four Iranian Shia pilgrims and an Iraqi citizen travelling on a bus north-east of Baghdad on Monday with women among nine others wounded, a police commander said. The early afternoon attack took place in Al-Muqdadiyah, 20 kilometres (12
Published 17 Aug, 2010 12:00am
White House denies giving Turkey ultimatum over Israel and Iran

White House denies giving Turkey ultimatum over Israel and Iran

The White House on Monday denied press reports that President Barack Obama warned Turkey it could lose its chance to obtain US-made weapons over its position on Israel and Iran. Britain's Financial Times newspaper quoted a senior official as saying that O
Published 17 Aug, 2010 12:00am
Kyrgyz forces aided attacks on Uzbeks: HRW

Kyrgyz forces aided attacks on Uzbeks: HRW

Some Kyrgyz government troops took part in mob attacks against Uzbeks during an explosion of ethnic unrest in June, and a brutal official probe into the violence is making matters worse, a rights group said on Monday. New York-based Human Rights Watch sai
Published 17 Aug, 2010 12:00am
Karzai gives four-month deadline to private security firms

Karzai gives four-month deadline to private security firms

President Hamid Karzai will give armed contracting firms in Afghanistan four months to disband, his spokesman said Monday, sparking fears of a potential security crisis in the war-torn country. "Today the president is going to issue a four-month deadline
Published 17 Aug, 2010 12:00am
Al Qaeda cell leader killed in Afghan north

Al Qaeda cell leader killed in Afghan north

An al Qaeda cell leader who may have been training suicide bombers was among two insurgents killed in an air strike in northern Afghanistan at the weekend, Nato-led forces said on Monday. While the Osama bin Laden-led movement is widely believed to be fun
Published 17 Aug, 2010 12:00am
Lightning crashes Colombian plane, one killed

Lightning crashes Colombian plane, one killed

At least one person was killed and 120 injured Monday when a plane crash-landed after being struck by lightning at an airport on the Colombian island of San Andres, aviation officials said. Ronald Tascon, director of Colombia's civil aviation authority, s
Published 17 Aug, 2010 12:00am
Tearful German pop star confesses in HIV trial

Tearful German pop star confesses in HIV trial

A German pop star made a tearful courtroom apology Monday for keeping her HIV status a secret from her sexual partners, before being confronted by an ex-lover who contracted the virus. "I am so sorry," the 28-year-old Nadja Benaissa, dressed in a purple s
Published 17 Aug, 2010 12:00am
Opposing factions break off coalition talks in Iraq

Opposing factions break off coalition talks in Iraq

The Sunni-backed Iraqiya alliance of former Iraqi premier Iyad Allawi on Monday formally broke off coalition talks with Prime Minister Nuri al-Maliki, likely delaying even further the formation of a government.
Published 17 Aug, 2010 12:00am
Poultry prices down

Poultry prices down

Price of chicken meat declined on Monday by Rs 18, bringing it to Rs 214 in the wholesale market, according to Sindh Poultry Wholesalers and Retailers Association. A live bird is available for Rs 125 per kg down from Rs 135, said the association's represe
Published 17 Aug, 2010 12:00am
$1.4 million grant for school, college: Pakistan, Brunei to ink MoU

$1.4 million grant for school, college: Pakistan, Brunei to ink MoU

Pakistan and Brunei are to start negotiations to finalise a Memorandum of Understanding (MoU) for a pledged grant of $1.4 million, sources in Economic Affairs Division (EAD) told Business Recorder. They said that the Government of Brunei has pledge
Published 17 Aug, 2010 12:00am
Shanghai copper flat

Shanghai copper flat

London copper futures posted a 1.1 percent rise on Monday and Shanghai metal reversed early losses to end flat, rebounding after worries about Japanese and US growth gave way to a more bullish view of supply and demand. "In general terms, the data has bee
Published 17 Aug, 2010 12:00am
Copper moves higher

Copper moves higher

Copper prices rose on Monday as the market focused on falling inventories, supply constraints and strong economic growth in China, the world's largest consumer of industrial metals. Benchmark copper on the London Metal Exchange ended at $7,250 a tonne fro
Published 17 Aug, 2010 12:00am
Oil dips a fifth day on growth worries

Oil dips a fifth day on growth worries

Oil edged lower on Monday as weak economic data from Japan and the United States fuelled concerns about slowing economic growth and tepid energy demand that offset lift from a weaker dollar. Oil futures' recent correlations were tested on Monday, with a w
Published 17 Aug, 2010 12:00am
New York cotton futures slip

New York cotton futures slip

Cotton futures closed slightly easier on Monday on mild profit-taking after surging to a 3-1/2 month high last week, but analysts feel the market's rally is not done and a further advance is in the cards. ICE Futures US benchmark December cotton contract
Published 17 Aug, 2010 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Key Tokyo rubber futures eased on Monday, hurt by the yen's rise against the dollar resuming, but a recovery in oil prices helped the market pare earlier losses. The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery inched dow
Published 17 Aug, 2010 12:00am
Malaysian palm oil futures down on weak demand

Malaysian palm oil futures down on weak demand

Malaysian crude palm oil futures closed almost half a percent lower on Monday on weaker overseas demand but weather concerns in key soy-growing regions limited losses. Traders were concerned that strong demand was tapering off when cargo surveyors reporte
Published 17 Aug, 2010 12:00am
Liffe cocoa down

Liffe cocoa down

Liffe December cocoa ended 2 pounds lower at 2,033 pounds ($3,172) a tonne on Monday. Improving West African crop prospects weigh on prices. Liffe November robusta coffee settled $2 higher at $1,770 per tonne. Market failed to track gains on arabica marke
Published 17 Aug, 2010 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold rose to its strongest in more than a month on Monday as pessimism about the global economic recovery sparked buying from investors, but selling from jewellers could cap gains. Holdings in the world's largest bullion-backed ETF, SPDR Gold Trust, were
Published 17 Aug, 2010 12:00am
Gold hits seven-week high in European trade

Gold hits seven-week high in European trade

Gold rose to its highest level since early July on Monday, reprising its safe-haven properties, as gloomy Japanese economic data hit shares and stoked investor concern about the pace of global economic recovery. Spot gold rose to $1,223.50 an ounce by 140
Published 17 Aug, 2010 12:00am
US MIDDAY: coffee hits record high

US MIDDAY: coffee hits record high

Arabica coffee hit a 12-1/2 year high early on Monday as prices rose about 3 percent on fund buying, while cocoa was steady as an improving supply outlook weighed. Sugar edged higher but dealers said benchmark October raw sugar futures faced strong overhe
Published 17 Aug, 2010 12:00am
US MIDDAY: wheat falls; soya and corn up

US MIDDAY: wheat falls; soya and corn up

Corn and soyabean futures rose in early trading at the Chicago Board of Trade on Monday as good overseas demand for US supplies supported prices, despite weather forecasts that boosted expectations for bumper crops this fall. Wheat futures fell as traders
Published 17 Aug, 2010 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

US copper futures ended up on Monday, buoyed in line with a slightly firmer tone on Wall Street and renewed dollar weakness, but the move is expected to be short-lived as prices correct further from over-heated levels, analysts said. Copper for September
Published 17 Aug, 2010 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose to a 1-1/2 month high early on Monday, after gloomy Japanese economic data prompted safe-haven buying by investors worried about the global economy. Silver and platinum group metals, whose prices usually reflect economic sentiment because of the
Published 17 Aug, 2010 12:00am
Samsung utilities top popularity list

Samsung utilities top popularity list

Samsung Electronics Company Ltd has announced that the utility and entertainment apps available through "Samsung Apps" are dominating the popularity list, released recently. The "Magic Torch" application has topped the list, as it is the 'most-downloaded'
Published 17 Aug, 2010 12:00am
Synergy appoints Ali Mandviwalla as new COO

Synergy appoints Ali Mandviwalla as new COO

Headquartered Branding, Communications and Interactive solutions providing group Synergy has appointed Ali Mandviwalla its first Chief Operating Officer (COO) as the group positions itself for further growth.
Published 17 Aug, 2010 12:00am
DCOs asked to ensure price checking

DCOs asked to ensure price checking

The secretary food department has informed all District Co-ordination Officers of the province about the approval given by Sindh Chief Minister Qaim Ali Shah to the Ramazan Package. Under the package 10-kilogram wheat flour bag would be retailed and made
Published 17 Aug, 2010 12:00am
Soneri Bank posts Rs 186.353 million as after tax loss

Soneri Bank posts Rs 186.353 million as after tax loss

Soneri Bank Limited has posted Rs 186.353 million as after tax loss in the half year period ended June 30, 2010 as compared to after tax profit of Rs 38.648 million in the corresponding period in 2009. The board of directors of the bank in its meeting hel
Published 17 Aug, 2010 12:00am
Soneri Bank posts Rs 186.353 million as after tax loss

Soneri Bank posts Rs 186.353 million as after tax loss

Soneri Bank Limited has posted Rs 186.353 million as after tax loss in the half year period ended June 30, 2010 as compared to after tax profit of Rs 38.648 million in the corresponding period in 2009. The board of directors of the bank in its meeting hel
Published 17 Aug, 2010 12:00am
Meezan Bank maintains record of consistent growth

Meezan Bank maintains record of consistent growth

Meezan Bank, Pakistan's first Islamic bank and the market leader in the Islamic Banking industry in Pakistan started operations in 2002 and since then has maintained a record of consistent growth and profitability. Results for the half-year ending June 30
Published 17 Aug, 2010 12:00am
7,448 patients treated at Bait-ul-Sukoon cancer hospital

7,448 patients treated at Bait-ul-Sukoon cancer hospital

Bait-ul-Sukoon hospital treats cancer patients irrespective of class stratification; the hospital caters to the medical needs the people from every section of society, besides spreading awareness about the preventive measures to avert the disease.
Published 17 Aug, 2010 12:00am
Karachiites face prolonged power outages

Karachiites face prolonged power outages

Apart from three to four hours of loadshedding people in some areas are now facing over 15 hours of power outages. Gulistane-e-Johar, Suchal Goth, University of Karachi, Gulzar-r-Hijri, Pehluwan Goth, Johar Mor, Safoora Goth and Mosmiat faced almost 15 ho
Published 17 Aug, 2010 12:00am
Nafa launches two new funds

Nafa launches two new funds

NBP Fullerton Asset Management Limited (Nafa), formerly National Fullerton Asset Management Limited, has launched two open-end funds namely Nafa Riba Free Savings Fund (NRFSF) and Nafa Asset Allocation Fund (NAAF). The Initial Public Offer of NRFSF and NA
Published 17 Aug, 2010 12:00am
Nafa launches two new funds

Nafa launches two new funds

NBP Fullerton Asset Management Limited (Nafa), formerly National Fullerton Asset Management Limited, has launched two open-end funds namely Nafa Riba Free Savings Fund (NRFSF) and Nafa Asset Allocation Fund (NAAF). The Initial Public Offer of NRFSF and NA
Published 17 Aug, 2010 12:00am
Lack of self-respect

Lack of self-respect

The other day I was watching a music contest programme on an Indian TV channel (also re-telecast from a Pakistani channel) in which kids from Pakistan and India participate as pairs and present duets. In that programme, the Pakistani boy was very enthusia
Published 17 Aug, 2010 12:00am
Need for food contingency plan

Need for food contingency plan

The Government must prepare contingency plan to meet the shortage of essential daily use items the desperate situation demand desperate measures and the goods governance demand that no one should be allowed to make profit from the helpless consumers. The
Published 17 Aug, 2010 12:00am
Conflict in Indonesia's Papua in spotlight again

Conflict in Indonesia's Papua in spotlight again

The conflict in Indonesia's easternmost Papua region has returned to the spotlight after a video circulated online showing police officers taunting a fatally wounded rebel. Papua is home to a low-level separatist insurgency, with sporadic violence continu
Published 17 Aug, 2010 12:00am
Picking up the pieces

Picking up the pieces

As global warming gains momentum, natural disasters will disrupt more of life and all that supports it but sensible preparations - their speed, relevance and adequacy - for facing disasters may contain the damage. What we see right now are huge gaps in al
Published 17 Aug, 2010 12:00am
Dr Singh's exercise in subterfuge

Dr Singh's exercise in subterfuge

Beset with a string of insurgencies - which tend to gain strength by the day - India's Prime Minister Dr Manmohan Singh seems to have been left with no option but to shift blame, accusing outsiders for the state of ubiquitous internal insecurity, particul
Published 17 Aug, 2010 12:00am
Industry deserves high priority in economic policy

Industry deserves high priority in economic policy

A meeting of the Task Force on industrial policy was held in Islamabad on 12th August, wherein the Minister of State for Industries and Production reportedly emphasised the need to enhance the industrial share of the economy from 18 to 30 percent. Few wou
Published 17 Aug, 2010 12:00am
International community concerned at participation of banned outfits

International community concerned at participation of banned outfits

Government institutions and international community have expressed concerns over participation of several religious groups in rescue and relief operations in flood-hit areas of the country. International community in general and the US in particular are w
Published 17 Aug, 2010 12:00am
PPHI treats over 0.145 million patients in two weeks

PPHI treats over 0.145 million patients in two weeks

Peoples Primary Health Care Initiative (PPHI) has so far treated over 0.145 million patients in the flood-affected areas of Sindh province during the last two weeks. While some 9,000 women and children have been vaccinated under the programme, said an off
Published 17 Aug, 2010 12:00am
Donkeys come to the rescue

Donkeys come to the rescue

Millions of dollars may have been donated for Pakistan's flood victims, but on the ground authorities are having to use donkeys to slowly transport supplies to cut off mountain villages. Logistical nightmares, shortages of helicopters to access remote are
Published 17 Aug, 2010 12:00am
Sindh to rework Rs 115 billion ADP for flood survivors

Sindh to rework Rs 115 billion ADP for flood survivors

The Sindh government is going to revise the Rs 115 billion Annual Development Plan (ADP) 2010-11 for providing relief to the flood affectees and reconstructing the infrastructure damaged by record-breaking super flood, it is learnt. Besides, the funds ear
Published 17 Aug, 2010 12:00am
Fresh troops deployed to assist Sindh government, PDMA

Fresh troops deployed to assist Sindh government, PDMA

Pakistan Army on Monday deployed fresh troops to assist the Sindh government and the Provincial Disaster Management Authority (PDMA) for preparing and organising camps for the Internally Displaced Persons (IDPs) for the affected persons of Jacobabad and S
Published 17 Aug, 2010 12:00am
PAF evacuates 300 persons

PAF evacuates 300 persons

Pakistan Air Force C-130 aircraft has evacuated more than 300 people so far from the surrounding areas of Jacobabad to Karachi including injured, sick, elderly people, women and children. A PAF relief camp has been set up in surrounding areas of PAF Base
Published 17 Aug, 2010 12:00am
Flood situation and weather forecast

Flood situation and weather forecast

The Flood Warning Centre, Lahore, and Meteorological Department have issued following flood situation and weather forecast:
Published 17 Aug, 2010 12:00am
Minister inaugurates 'Iftaar Programme' in Charsadda

Minister inaugurates 'Iftaar Programme' in Charsadda

Dr Firdous Ashiq Awan, Federal Minister, Ministry of Population Welfare visited Tehsil Tangi this Monday with the senior officials of MoPW, and inaugurated Iftaar Programme for the flood affectees of Charsadda. On this occasion, Iftikhar Durrani, Chief Ex
Published 17 Aug, 2010 12:00am
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