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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-05
Australian and New Zealand dollars retreat

Australian and New Zealand dollars retreat

The Australian and New Zealand dollars eased from multi-month highs on Monday after running into profit-taking, but some market players thought the pull-back was temporary especially if Australia sees a rate rise this week.
Published 05 Oct, 2010 12:00am
Indian rupee bounces

Indian rupee bounces

The rupee on Monday bounced off a five-and-half month high on dollar short-covering as local shares retreated from the day's high and as the euro dropped sharply against the US unit. The partially convertible rupee closed at 44.57/58 per dollar, after hit
Published 05 Oct, 2010 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose against the euro on Monday as concerns about the health of peripheral eurozone countries weighed on the single currency, prompting investors to trim long euro positions. Better-than-expected construction sector activity data also helped ster
Published 05 Oct, 2010 12:00am
Berdych, Verdasco, Jankovic falter in Beijing

Berdych, Verdasco, Jankovic falter in Beijing

The Olympic Green Tennis Centre in Beijing turned into a graveyard of seeds on Monday, with Fernando Verdasco, Tomas Berdych and Jelena Jankovic leading a parade of stars out of the China Open. Verdasco - the sixth seed and the world number nine - never f
Published 05 Oct, 2010 12:00am
UEFA approve Euro 2012 match list

UEFA approve Euro 2012 match list

European football's governing body UEFA on Monday rubber-stamped the match schedule for Euro 2012 which will take place in Poland and the Ukraine at their executive meeting in Minsk. A total of eight stadiums were approved in both countries for the tourna
Published 05 Oct, 2010 12:00am
FIFA suspends Nigeria

FIFA suspends Nigeria

FIFA suspended Nigeria from international football on Monday because of "government interference" in the running of Nigerian football. World football's governing body said the decision followed a bid by the Minister of Sports to restart the league without
Published 05 Oct, 2010 12:00am
SPM Stags win cricket opener

SPM Stags win cricket opener

SPM Stags opened the new cricket season with three wickets win over SPM Bucks at Government College Ground, Lahore on Monday. Bucks managed 183-9 in 30 overs with Ashfaq Aslam 45, Jamshed Siddiqui 36, Saud Cheema 25, Nadeem Aslam 21, Ashfaq Ahmed 13. Ifti
Published 05 Oct, 2010 12:00am
Three-wicket Hilfenhaus rocks India

Three-wicket Hilfenhaus rocks India

Fast bowler Ben Hilfenhaus grabbed three key wickets in the final session to boost Australia's hopes of winning the opening Test against India on Monday. India, needing 216 to win in their second innings, were wobbling at 55-4 at stumps on the penultimate
Published 05 Oct, 2010 12:00am
PFF chief motivates expatriates to uplift football

PFF chief motivates expatriates to uplift football

"Overseas players Altaf Ahmed, Zeeshan Rehman, Adnan Ahmed, Amjad Iqbal played their part brilliantly when we forced the Asian Powerhouse and Asian Champion Iraq scoreless draw at Damascus in 19th World Cup Qualifier three years ago. The credit to motivat
Published 05 Oct, 2010 12:00am
Ronaldo scores twice in thumping Real victory

Ronaldo scores twice in thumping Real victory

Real Madrid took full advantage of a slip-up by Barcelona with a sparkling 6-1 victory over Deportivo Coruna to climb above their arch-rivals into third place in the La Liga standings on Sunday. Real coach Jose Mourinho had warned that an opponent would s
Published 05 Oct, 2010 12:00am
Europe win Ryder Cup

Europe win Ryder Cup

Europe won the Ryder Cup here on Monday, beating the United States by 14 1/2 points to 13 1/2 points at Celtic Manor. Graeme McDowell clinched victory in the game's final match, beating Hunter Mahan three and one to spark wild celebrations amongst the Eur
Published 05 Oct, 2010 12:00am
Tennis makes debut

Tennis makes debut

Larikah Russell of Bahamas won the first ever tennis match to be completed in the history of the Commonwealth Games on Monday. Russell defeated Maetiu Kewwba of Kiribati 6-0, 6-0 in a women's first round tie, just one of several lop-sided results in a spa
Published 05 Oct, 2010 12:00am
India hold on to draw against Scotland

India hold on to draw against Scotland

India were forced to split points with a gritty Scotland after their opening Pool A hockey match in the Commonwealth Games here on Monday ended in a 1-1 draw. Scotland took the hosts by surprise when they opened a 1-0 lead in the fourth minute through Hol
Published 05 Oct, 2010 12:00am
Aisam, Farhan win opening matches

Aisam, Farhan win opening matches

Pakistan's tennis star Aisam-ul-Haq, and squash player Farhan Mehboob have won their opening matches at the Commonwealth Games in New Delhi on Monday. Aisam defeated Mogabe of Uganda with straight sets; the Pakistani star won the match by 6-2 and 6-5. Far
Published 05 Oct, 2010 12:00am
Brown makes history as England qualify

Brown makes history as England qualify

Archer Danielle Brown became the first English Paralympian to compete at an able-bodied Commonwealth Games event on Monday. The 22-year-old finished 14th in the Women's Individual Compound event at the Yamuna Sports Complex in New Delhi "It's pretty excit
Published 05 Oct, 2010 12:00am
Aussies rule pool as athletes take centre stage

Aussies rule pool as athletes take centre stage

Australia won the opening skirmish in the Delhi pool on Monday by claiming three of the five medals up for grabs as the athletes finally took centre stage at the troubled Commonwealth Games. The day opened with the host nation still basking in the aftergl
Published 05 Oct, 2010 12:00am
GE inks $700 million Saudi power plant deal

GE inks $700 million Saudi power plant deal

General Electric has signed a 700 million dollar deal to supply equipment and services for a new gas power plant in Saudi Arabia, the US conglomerate said on Monday. The new power plant, named Riyadh PP11 and located 80 kilometres west of the Saudi capita
Published 05 Oct, 2010 12:00am
Kuwait commits $1billion to AIA IPO

Kuwait commits $1billion to AIA IPO

American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian life insurance unit, according to a source, the first major investment inked before the roughly $15 billion share sale launches.
Published 05 Oct, 2010 12:00am
Kuwait commits $1billion to AIA IPO

Kuwait commits $1billion to AIA IPO

American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian life insurance unit, according to a source, the first major investment inked before the roughly $15 billion share sale launches.
Published 05 Oct, 2010 12:00am
Greece sets ambitious austerity budget goals

Greece sets ambitious austerity budget goals

Greece on Monday pledged to cut next year's budget deficit faster than agreed in a 110 billion euro IMF/EU bailout deal, vowing another year of tough austerity to exit a debt crisis. The 2011 budget draft submitted to parliament foresees a 7 percent of GD
Published 05 Oct, 2010 12:00am
Swiss publish 'too big to fail' rules for banks

Swiss publish 'too big to fail' rules for banks

A Swiss government committee on Monday published new rules requiring the country's two biggest banks to increase their capital reserves beyond international standards agreed last month. The committee said it considered Credit Suisse Group and UBS AG to be
Published 05 Oct, 2010 12:00am
US housing shows stability, factory orders fall

US housing shows stability, factory orders fall

Pending sales of previously owned US homes hit a four-month high in August, a sign the housing market was stabilising at very low levels after falling sharply after a home-buyer tax credit expired. Another report on Monday showed new orders received by US
Published 05 Oct, 2010 12:00am
Osborne dismisses fresh bank bailout scenario

Osborne dismisses fresh bank bailout scenario

Finance minister George Osborne on Monday dismissed a thinktank report that British banks may need another state bailout next year and their borrowing requirements could hit 25 billion pounds ($39.5 billion) a month. The independent New Economics Foundati
Published 05 Oct, 2010 12:00am
AIG to sell India mutual fund business

AIG to sell India mutual fund business

American International Group Inc is in talks to sell its mutual fund business in India for around $10 million, India's Mint newspaper reported Monday, as the troubled US insurer struggles repay its $182 billion US government bailout.
Published 05 Oct, 2010 12:00am
AIG to sell India mutual fund business

AIG to sell India mutual fund business

American International Group Inc is in talks to sell its mutual fund business in India for around $10 million, India's Mint newspaper reported Monday, as the troubled US insurer struggles repay its $182 billion US government bailout.
Published 05 Oct, 2010 12:00am
Ireland must find bigger savings: Central Bank

Ireland must find bigger savings: Central Bank

Ireland's government must find savings in excess of the 3.0 billion euros it plans to announce in its next budget, the Central Bank said Monday as it also slashed its forecast for economic growth. The assessment comes after Ireland last week admitted that
Published 05 Oct, 2010 12:00am
American Express hit with antitrust lawsuit

American Express hit with antitrust lawsuit

US authorities on Monday filed a lawsuit against American Express for allegedly imposing unfair restrictions on merchants that use its cards, the credit card company said. American Express is accused of unfairly trying to prevent merchants from using othe
Published 05 Oct, 2010 12:00am
World Bank warns food prices rising amid currency frictions

World Bank warns food prices rising amid currency frictions

Recent rises in food prices are once again weighing on some developing countries amid growing global currency frictions, World Bank president Robert Zoellick said Monday. "For many developing countries, the food crisis of 2008 has never gone away. And rec
Published 05 Oct, 2010 12:00am
London subway strike hits commuters

London subway strike hits commuters

By foot, bike and devious new routes, London commuters scrambled to get to work Monday during a one-day strike by the city's subway workers. At least it wasn't raining very hard. Thousands of maintenance workers, drivers and station employees walked off t
Published 05 Oct, 2010 12:00am
Iraq boasts third-largest oil reserves, overtakes Iran

Iraq boasts third-largest oil reserves, overtakes Iran

Iraq reported on Monday a sharp rise in proven oil reserves that saw it leapfrog Iran into third place world-wide, as the war-battered country seeks to rebuild its crude-dependent economy. The new figure of 143.1 billion barrels of oil represents a 24-per
Published 05 Oct, 2010 12:00am
Nigeria foils plans to bomb presidency, arrests nine suspects

Nigeria foils plans to bomb presidency, arrests nine suspects

Nigerian intelligence services said they foiled plans to attack key buildings in the capital including the presidential palace as they arrested nine over the independence day bombings that killed 12 people. The National Assembly building and the secret se
Published 05 Oct, 2010 12:00am
Australia eyes 'flexible' ties with Nato

Australia eyes 'flexible' ties with Nato

Australian Prime Minister Julia Gillard cautiously welcomed on Monday the idea of deepening relations with Nato, as the alliance mulls closer ties with the Afghan war ally and other partners. "Australia will look at being engaged with Nato in a flexible w
Published 05 Oct, 2010 12:00am
India says is now third highest carbon emitter

India says is now third highest carbon emitter

India's environment minister said on Monday the country could not have high economic growth and a rapid rise in carbon emissions now that the nation was the number three emitter after China and the United States. Jairam Ramesh's comments come as negotiato
Published 05 Oct, 2010 12:00am
Climate talks need to bridge gulf of distrust: UN

Climate talks need to bridge gulf of distrust: UN

The UN climate change chief urged governments on Monday to make real steps towards a new treaty to fight global warming or risk throwing negotiations into doubt. Negotiators are meeting in the northern Chinese port city of Tianjin to try reach agreement o
Published 05 Oct, 2010 12:00am
Iran clears former British embassy staffer of espionage

Iran clears former British embassy staffer of espionage

Iran has cleared a former British embassy staffer who was jailed last year on espionage charges, and commuted his sentence to a suspended one-year jail term, his lawyer said on Monday. "The appeals court dropped espionage charges for which Hossein Rassam
Published 05 Oct, 2010 12:00am
Bosnia vote points to deadlock on ethnic lines

Bosnia vote points to deadlock on ethnic lines

Partial results from Bosnia's election pointed to political deadlock on Monday with leaders and parties divided down ethnic lines. Muslims supported parties favouring a united Bosnia, Serbs backed nationalists urging secession, and Croats voted for partie
Published 05 Oct, 2010 12:00am
Protracted conflicts boosting world refugee totals: UN

Protracted conflicts boosting world refugee totals: UN

Protracted conflicts around the globe are driving up refugee totals and creating new populations who need to be resettled in other countries, United Nations refugee chief Antonio Guterres said on Monday. And in an address to his UNHCR agency's governing e
Published 05 Oct, 2010 12:00am
UAE charges journalists with running 'false news'

UAE charges journalists with running 'false news'

The Emirates' official news agency says two journalists have been charged with publishing an incorrect report. The charges announced late Sunday by state news agency WAM follow last year's adoption of a media law that includes stiff fines for journalists
Published 05 Oct, 2010 12:00am
UK cuts child benefit payments in austerity drive

UK cuts child benefit payments in austerity drive

The UK's Treasury chief, George Osborne, says that Britain will limit welfare payments to jobless families and scrap child support payments for high earners in a sweeping overhaul of the country's benefit system. Osborne, who is seeking to save about 86 b
Published 05 Oct, 2010 12:00am
Changes needed to make nuclear plants secure

Changes needed to make nuclear plants secure

A federal audit set to be released Monday calls for the Nuclear Regulatory Commission to improve nuclear power plant security against infiltration by potential terrorists. An outline of the findings was provided to The Associated Press by Senator Charles
Published 05 Oct, 2010 12:00am
Russian former intelligence chief commits suicide

Russian former intelligence chief commits suicide

The former intelligence chief of Russia's interior troops Monday committed suicide by firing a shot to the head at his Moscow apartment block, officials said. Viktor Chevrizov left his apartment at around 10:00 am and went into the stairwell, where he fir
Published 05 Oct, 2010 12:00am
Europe on alert after attacks warning

Europe on alert after attacks warning

Japan and Sweden on Monday became the latest countries to issue travel alerts for their citizens amid growing fears of a major al Qaeda attack on landmark sites in Europe. Tokyo and Stockholm joined Washington and London in issuing an alert warning of a "
Published 05 Oct, 2010 12:00am
Dutch anti-Islam MP's hate speech trial opens

Dutch anti-Islam MP's hate speech trial opens

Anti-Islam MP Geert Wilders, set to become a shadow partner of the next Dutch government, defended the right to free speech Monday as his trial for inciting hatred against Muslims made a halting start. "I am on trial, but on trial with me is the freedom o
Published 05 Oct, 2010 12:00am
Rousseff has upper hand in Brazil's October 31 runoff

Rousseff has upper hand in Brazil's October 31 runoff

Ruling party candidate Dilma Rousseff must win over voters concerned about her abortion views and corruption in her inner circle but she remains the clear favourite to win an October 31 runoff election and become Brazil's next president.
Published 05 Oct, 2010 12:00am
Jordanian instructors sent to train Afghan forces

Jordanian instructors sent to train Afghan forces

A group of Jordanian military instructors was sent to Afghanistan on Sunday to help train the country's security forces, the official Petra news agency reported. "Instructors from Jordan's armed forces and security service went on Sunday to Afghanistan wh
Published 05 Oct, 2010 12:00am
South Africa charges Nigeria militant Okah over bombing

South Africa charges Nigeria militant Okah over bombing

South African prosecutors brought terrorism charges against Nigerian militant leader Henry Okah on Monday for deadly bomb blasts in the Nigerian capital. Two car bombs exploded near a parade in Abuja marking Nigeria's 50th anniversary of independence on F
Published 05 Oct, 2010 12:00am
Abeam says US fiscal situation 'untenable'

Abeam says US fiscal situation 'untenable'

President Barack Abeam on Monday said the United States was facing an "untenable fiscal situation" and would have to get serious about tackling its federal deficit. The US budget deficit is forecast at a record $1.47 trillion in the fiscal year that ended
Published 05 Oct, 2010 12:00am
US top court refuses to hear Guantanamo wiretap case

US top court refuses to hear Guantanamo wiretap case

The US Supreme Court on Monday threw out a plea by 23 lawyers for Guantanamo Bay detainees to be informed whether conservations by their clients had been subjected to wiretaps. The nation's highest court refused to hear the case, without giving a reason,
Published 05 Oct, 2010 12:00am
World's biggest solar project powers up in Canada

World's biggest solar project powers up in Canada

The world's largest solar energy facility, the 80-megawatt Sarnia photovoltaic project in Ontario, is now fully operational and is supplying energy to the Canadian province's power grid, its owner and operator said on Monday.
Published 05 Oct, 2010 12:00am
15 killed in Indonesian floods

15 killed in Indonesian floods

At least 15 people were killed and dozens were missing Monday after flash floods smashed through a district in eastern Indonesia's West Papua province, officials said. The early morning floods were unleashed after continuous torrential downpours that bega
Published 05 Oct, 2010 12:00am
Israeli settlements undermine peace process: Saudi Arabia

Israeli settlements undermine peace process: Saudi Arabia

The Saudi government said on Monday that Israel's policy of building settlements in occupied Palestinian territories undermined the US-brokered Middle East peace process. "A freeze in the direct Palestine-Israel peace talks is possible because of Israel's
Published 05 Oct, 2010 12:00am
CEO NetSol concerned over delay in releasing scholarships

CEO NetSol concerned over delay in releasing scholarships

Chairman and CEO NetSol Technologies, Salim Ghauri has expressed concerns about the future of hundreds of students, which is at stake due to the delay in releasing of scholarships by the ministry of IT.
Published 05 Oct, 2010 12:00am
MRA to build 1000 houses for homeless

MRA to build 1000 houses for homeless

The Malaysian Relief Agency (MRA) which had earlier sent three relief teams for flood victims to Pakistan is planning to build one thousand (1000) low cost housing units costing Rs 83.4 million in various flood affected areas to provide shelters to homele
Published 05 Oct, 2010 12:00am
BISE results

BISE results

Board of Intermediate & Secondary Education (BISE) Lahore on Monday announced the results of Intermediate Part-I Annual Examination 2010. According to the spokesperson of the board, as many as 122,935 candidates appeared in the examination, out of which 6
Published 05 Oct, 2010 12:00am
HRCP voices concern over Dr Farooq's murder

HRCP voices concern over Dr Farooq's murder

The Human Rights Commission of Pakistan (HRCP) has shown deep grief on the assassination of renowned religious scholar Dr Muhammad Farooq in Mardan and termed it a part of extremists plan to silence voices that present to people alternatives to the retrog
Published 05 Oct, 2010 12:00am
Flood-hit farming community: UAF finalises rehabilitation plan

Flood-hit farming community: UAF finalises rehabilitation plan

The University of Agriculture, Faisalabad (UAF), has finalised flood victims' rehabilitation plan, amounting to Rs 38 million, in order to enable the farming community to grow crops and fodders for their livelihood. This was stated by Dr Iqrar Ahmad Khan,
Published 05 Oct, 2010 12:00am
New York cotton settles near three-week low

New York cotton settles near three-week low

Cotton futures finished near a three-week low Monday on follow-through investor sales and profit-taking by players taking cash off the table after fibre contracts sprang to a 15-year high last week, brokers said. ICE Futures US benchmark December cotton c
Published 05 Oct, 2010 12:00am
Copper eases

Copper eases

Copper eased on Monday, after touching a more than two-year peak in the previous session, as the dollar extended gains against the euro following better than expected US home sales data in the world's largest economy. Benchmark copper for three-months del
Published 05 Oct, 2010 12:00am
Brazil's soya crop seen at record 69.1 million tonnes

Brazil's soya crop seen at record 69.1 million tonnes

Brazil crop analysts Celeres raised their forecast for this year's new soybean crop on Monday by 1.8 percent to what would be a record 69.1 million tonnes, citing adjustments to the size of the planted area. This is Celeres' third forecast of the new crop
Published 05 Oct, 2010 12:00am
Weak grain markets drag palm oil to two-week low

Weak grain markets drag palm oil to two-week low

Global vegetable oil markets fell sharply on Monday, infected by a sell-off in grains markets after a report of larger-than-expected US corn stockpiles. US Department of Agriculture (USDA) said last week the US corn stockpile hit its largest level in four
Published 05 Oct, 2010 12:00am
Tokyo rubber futures lower

Tokyo rubber futures lower

Key Tokyo rubber futures contract ended lower on Monday, retreating from a fresh 5-month high as profit-taking set in while weak oil prices weighed, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery fell 0.2 ye
Published 05 Oct, 2010 12:00am
Liffe sugar falls, robustas slide

Liffe sugar falls, robustas slide

Liffe front-month, December white sugar falls $14.1 to end at $606.00 per tonne on Monday. Dealers said sugar could drop further to entice physical buyers after a sharp rally to a seven-month high last week. Liffe second-month cocoa ended 19 pounds lower
Published 05 Oct, 2010 12:00am
Oil choppy; Houston, French port snarls support

Oil choppy; Houston, French port snarls support

US oil prices seesawed on Monday, supported by a strike at France's top oil port and disruptions to Houston petrochemical shipping, while a dollar bounce and Wall Street weakness kept gains in check. The strike at French port Fos-Lavera entered its eighth
Published 05 Oct, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold was firm on Monday after hitting record highs for six consecutive days on continued expectations of more monetary policy easing by the US Federal Reserve and related dollar weakness. Spot gold gained 0.3 percent at $1,319.05 an ounce by 0613 GMT
Published 05 Oct, 2010 12:00am
Gold near record highs in Europe

Gold near record highs in Europe

Gold steadied on Monday, supported near record highs as investors fretted about the outlook for the dollar amid speculation of further US monetary easing, but with a recovery in the US unit keeping a lid on gains. Spot gold was bid at $1,315.55 an ounce a
Published 05 Oct, 2010 12:00am
US MIDDAY: coffee and sugar tumble

US MIDDAY: coffee and sugar tumble

Arabica coffee futures reeled from late investor sales to end Monday at a 5-week low and raw sugar closed near a month low from investment fund pressure. Cocoa lost ground as well. The benchmark March sugar lost 0.37 cent to finish near a month low at 22.
Published 05 Oct, 2010 12:00am
US MIDDAY: corn, wheat and soya down

US MIDDAY: corn, wheat and soya down

Corn futures on the Chicago Board of Trade led most of the grains floor lower on Monday as funds that had built up massive long positions kept liquidating after last week's bearish US corn stocks data, traders said. A rebound in the battered US dollar add
Published 05 Oct, 2010 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

US copper futures ended lower Monday, easing back from the prior session's two-year top, as investors reduced their risk exposure amid a recovering dollar and a first inventory build in six days. Copper for December delivery ended down 2.65 cents at $3.66
Published 05 Oct, 2010 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

Gold eased on Monday as the dollar rose on promising US existing home sales data, but renewed worries about financial stability in some eurozone countries kept the metal from falling further. Bullion came under pressure as the dollar rebounded against the
Published 05 Oct, 2010 12:00am
'300,000 Watan Cards distributed among survivors'

'300,000 Watan Cards distributed among survivors'

National Database and Registration Authority, Nadra has issued 300,000 Watan Cards to flood affected families ensuring a transparent disbursal of 20 thousand rupees per family as announced by the Government of Pakistan and so far 225,000 families have dra
Published 05 Oct, 2010 12:00am
Delegation will need to handle negotiations positively

Delegation will need to handle negotiations positively

Finally hard work and constant efforts of President of Pakistan, Ministry of Commerce/Foreign Affairs and Ministry of Textile aided by the natural flood disaster the 27 EU heads of states agreed to provide some concessions to Pakistan on export in EU Summ
Published 05 Oct, 2010 12:00am
Survivors forced to pay 'bribes' to police for Watan Cards

Survivors forced to pay 'bribes' to police for Watan Cards

The sufferings of the thousands of flood affected people are being added at various centres set for distribution of "Watan Card" as they have to pay bribes for getting the Watan cards. Some of flood victims in front of centre on University Road at Mosmiat
Published 05 Oct, 2010 12:00am
'Floods destroyed 3,520 schools in Sindh'

'Floods destroyed 3,520 schools in Sindh'

As many as 3,520 schools have been destroyed by the ravaging floods in Sindh. Dr Warren Mellor, Director/Representative, Unesco while addressing a briefing on "Financing Quality Basic Education for All," organised by Pakistan Institute of Legislative Deve
Published 05 Oct, 2010 12:00am
Manzoor elected chairman PSMA

Manzoor elected chairman PSMA

Mohammed Manzoor Hussain, Shahzad Paracha and Usman Ahmed have been elected as chairman, senior vice-chairman and vice-chairman of Pakistan Soap Manufacturing Association (PSMA) for the year 2010-11 respectively. Sheikh Muzammil Saleem has been elected as
Published 05 Oct, 2010 12:00am
Pak-Qatar Family Takaful, FWU AG sign agreement with Dawood Islamic Bank

Pak-Qatar Family Takaful, FWU AG sign agreement with Dawood Islamic Bank

Pak-Qatar Family Takaful Limited, Dawood Islamic Bank Limited and FWU AG have signed a strategic co-operation agreement according to which Dawood Islamic Bank would distribute Shariah compliant Bancassurance (BancaTakaful) products across its branch netwo
Published 05 Oct, 2010 12:00am
Pak-Qatar Family Takaful, FWU AG sign agreement with Dawood Islamic Bank

Pak-Qatar Family Takaful, FWU AG sign agreement with Dawood Islamic Bank

Pak-Qatar Family Takaful Limited, Dawood Islamic Bank Limited and FWU AG have signed a strategic co-operation agreement according to which Dawood Islamic Bank would distribute Shariah compliant Bancassurance (BancaTakaful) products across its branch netwo
Published 05 Oct, 2010 12:00am
Silver price hits new high, gold dips

Silver price hits new high, gold dips

Gold prices on Monday swelled to Rs 42,500 per tola from record high but silver price reached new peak of Rs 640 per tola on the local market, traders said. Gold was available for Rs 42, 600 on Saturday, which dipped by Rs 100 to Rs 42, 500, traders said,
Published 05 Oct, 2010 12:00am
Qubee launches service in Lahore, Islamabad

Qubee launches service in Lahore, Islamabad

Qubee is receiving excellent response from its customers in Lahore and twin cities of Islamabad and Rawalpindi where the service has been launched recently. Qubee, launched in Karachi early this year' is the newest entrant in the WiMAX market of Pakistan
Published 05 Oct, 2010 12:00am
Scholars pay homage to Mirza Kalich Baig

Scholars pay homage to Mirza Kalich Baig

Highlighting services of great scholar Shamsul Ulma Mirza Kalich Baig, the noted scholars and intellectuals paid rich tributes to him and stressed the need for preserving his manuscripts. Shamsul Ulma Mirza Kalich Beg Chair, University of Sindh organised
Published 05 Oct, 2010 12:00am
Nine percent rise in non-life insurance sector profits

Nine percent rise in non-life insurance sector profits

The net profit of the listed non-life insurance companies increased by 9 percent, to Rs 475 million, in the half-year period ended on June 30, 2010, as compared to Rs 434 million in the corresponding period of last year. Analysts said that despite a 27 pe
Published 05 Oct, 2010 12:00am
Pantene introduces new product

Pantene introduces new product

Trusted for decades by women and celebrities alike, Pantene is now introducing its new improved collection in Pakistan. This new collection will help in addressing the toughest hair issues of Pakistani consumers in just 14 days ie split ends and hair fall
Published 05 Oct, 2010 12:00am
Former education director killed

Former education director killed

A retired Education Director was gunned down by unknown armed men here at Azadi Chowk on Monday morning, police said. According to the local police, the victim identified as Abdul Aziz Rahi was on his way home when unidentified gunmen on motorbike opened
Published 05 Oct, 2010 12:00am
Musharraf in politics

Musharraf in politics

Former president Pervez Musharraf launched severe personal attacks on PML-N chief Nawaz Sharif. Pervez Musharraf should not lose his temper, while facing the opposition. He should not waste his time and energy on personal attacks on the politicians, as hi
Published 05 Oct, 2010 12:00am
Ex-Khmer Rouge in former stronghold play the numbers game

Ex-Khmer Rouge in former stronghold play the numbers game

"They do not have blood on their hands," said Mey Mak, Pailin's bespectacled deputy governor of the four former Khmer Rouge leaders indicted last month by the war crimes court. "Khieu Samphan, for example, he was responsible for the economy. Ieng Sary jus
Published 05 Oct, 2010 12:00am
Of the (failed) Basel accords

Of the (failed) Basel accords

Beginning 1985, Bank for International Settlements (BIS) imposed two chaos-preventive global regulatory regimes in succession viz. Basel Accord-I and II. Shortly, BIS will impose a third accord, but the fact that Basel Accord-I could not prevent the globa
Published 05 Oct, 2010 12:00am
Striking at the heart of justice

Striking at the heart of justice

Every thesis is pregnant with its anti-thesis. According to German philosopher Hegel, greater unity and truth are achieved by dialectic of positing something (thesis), denying it (antithesis) and combining the two half truths in a synthesis. Hegel's words
Published 05 Oct, 2010 12:00am
The IMF and the Government

The IMF and the Government

According to informed sources, the federal government is considering winding up the Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) as one of several policy options. Three facts militate against the likelihood of the government suppo
Published 05 Oct, 2010 12:00am
US condemns killing of vice chancellor

US condemns killing of vice chancellor

US Mission in Pakistan has condemned killing of religious scholar and Vice-Chancellor of Islamic University of Swat, Dr Mohammad Farooq Khan on October 2 and the reported kidnapping of Vice-Chancellor of Islamia University in Peshawar, Dr Ajmal Khan.
Published 05 Oct, 2010 12:00am
LPG extraction: Senate panel to discuss JJVL-SSGC pact

LPG extraction: Senate panel to discuss JJVL-SSGC pact

Senate Standing Committee on Petroleum and Natural Resources on Monday called a special meeting to discuss agreement between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company (SSGC) over LPG extraction. National Assembly Standing Committe
Published 05 Oct, 2010 12:00am
Power tariff may be increased, says Pervez Ashraf

Power tariff may be increased, says Pervez Ashraf

Federal Minister for Water and Power Raja Pervez Ashraf has said that government may increase power tariff in future due to financial constraints, as the country is unable to bear the financial burden of Rs 250 billion per annum in power sector due to gap
Published 05 Oct, 2010 12:00am
Palpa for Hajj operations planning without layover at Peshawar

Palpa for Hajj operations planning without layover at Peshawar

Pakistan Air Line Pilots' Association (Palpa) has requested the Director, Flight Operations (DFO), PIA, to plan the forthcoming Hajj operations, without layover at Peshawar, as was successfully done last year. Captain T M Rabbani, Palpa General Secretary,
Published 05 Oct, 2010 12:00am
Aptma, PRGMEA hail appointment of Puri

Aptma, PRGMEA hail appointment of Puri

All Pakistan Textile Mills Association (Aptma) has appreciated the decision of the Prime Minister of Pakistan for appointing competent and experienced officials at the right place. In a statement issued to the press, Aptma spokesman has praised the appoin
Published 05 Oct, 2010 12:00am
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