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Dec 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-22
Yuan rises versus dollar

Yuan rises versus dollar

Spot yuan closed up against the dollar on Thursday after an incorrect fixing prompted some speculation that Beijing may be preparing for another revaluation in the Chinese currency. In just several minutes, the China Foreign Exchange Trade System (CFETS)
Published 22 Oct, 2010 12:00am
Sterling hits 6-1/2-month low versus euro

Sterling hits 6-1/2-month low versus euro

Sterling hit a 6-1/2 month low against the euro on Thursday after weak UK retail sales data increased concerns that Bank of England policymakers may opt to inject more stimulus into a faltering economy. British retail sales unexpectedly fell for the secon
Published 22 Oct, 2010 12:00am
Dollar rises in Asia

Dollar rises in Asia

The dollar rose on Thursday on short-covering after comments by Treasury Secretary Tim Geithner that major currencies were roughly in alignment, but tempered its gains ahead of a G20 meeting likely to debate currency policies. The greenback has been under
Published 22 Oct, 2010 12:00am
Euro rises versus dollar in London

Euro rises versus dollar in London

The euro rose against the dollar on Thursday as investors piled into the single European currency in the belief that the interest rate differential with its US counterpart will continue to widen. The dollar relinquished gains made earlier in the day as in
Published 22 Oct, 2010 12:00am
Early trade: Euro higher versus dollar

Early trade: Euro higher versus dollar

The euro was slightly higher against the dollar on Thursday in choppy trade as investors wrestled with uncertainty over the size and shape of expected US monetary easing. With unemployment hovering around 9.5 percent, the Federal Reserve is widely expecte
Published 22 Oct, 2010 12:00am
Dollar plummets in New York

Dollar plummets in New York

The dollar headed for its worst day in more than three months on Wednesday, reversing the previous session's rally after an influential consultancy said the Federal Reserve plans to buy $500 billion of Treasuries over six months and leave itself room for
Published 22 Oct, 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 Thursday. 70.54/70.55 (previous 70.45/70.55). Call Money Rates: 4.50-6.25 percent (previous 4.50-6.50) percent).
Published 22 Oct, 2010 12:00am
Swiss franc eases

Swiss franc eases

The Swiss franc eased against both the euro and the dollar on Thursday, with further losses against the greenback eyed, after the US Treasury Secretary said major currencies were roughly in alignment. "Dollar/Swiss looks to be supported by overnight comme
Published 22 Oct, 2010 12:00am
Australian and New Zealand dollars dip

Australian and New Zealand dollars dip

The Australian and New Zealand dollars dipped on Thursday after the US dollar bounced on a round of short-covering, but losses in the pair were limited by data showing China's economy was still charging ahead. The Australian dollar fell as far $0.9814 aft
Published 22 Oct, 2010 12:00am
India rupee rises

India rupee rises

The Indian rupee gained marginally on Thursday as bullishness due to share gains and weakness in the dollar was offset by concerns of foreigners repatriating funds after the country's largest initial share sale allocation. The partially convertible rupee
Published 22 Oct, 2010 12:00am
Ringgit, Singapore dollar rise

Ringgit, Singapore dollar rise

The Malaysian ringgit and Singapore dollar rose in choppy trade on Thursday, boosted by dealers scooping up cheapened Asian currencies after China's rate hike caused a shift out of riskier currencies a day earlier. However, the South Korean won slid with
Published 22 Oct, 2010 12:00am
Eurozone rates rise

Eurozone rates rise

Three-month eurozone interbank lending rates rose on Thursday as markets continued betting on a scaling back of the European Central Bank's non-standard liquidity measures, but analysts said some rates could soon reverse. The three-month Euribor - the mai
Published 22 Oct, 2010 12:00am
Jankovic loses in Kremlin Cup opener

Jankovic loses in Kremlin Cup opener

Top seed Jelena Jankovic went out of the Kremlin Cup at the first hurdle in a 6-1 6-2 thrashing by little-known Kazakh teenager Zarina Diyas on Thursday. Serbia's former world number one, who had a bye in the first round, looked out of sorts from the star
Published 22 Oct, 2010 12:00am
Inter thwart Spurs comeback, Messi fires Barca

Inter thwart Spurs comeback, Messi fires Barca

Samuel Eto'o struck twice in a 4-3 win for Champions League holders Inter Milan as they survived a thrilling Tottenham Hotspur revival on Wednesday while Nani lifted the Rooney gloom at Manchester United. The extraordinary clash in the San Siro was the hi
Published 22 Oct, 2010 12:00am
PIA announces squad for Premier Football

PIA announces squad for Premier Football

Pakistan International Airlines has announced football team for the Pakistan Premier Football League (PPFL) 2010 clash against PMC Athletico Club Faisalabad at PMC ground, Faisalabad on Saturday (tomorrow). PIA is currently third in the 16-team table with
Published 22 Oct, 2010 12:00am
Samsung sponsors Punjab Olympics in Lahore

Samsung sponsors Punjab Olympics in Lahore

Samsung Electronics Company Limited, a global leader in home appliances and mobile-phones, is bringing a range of exciting sports activities at the Punjab Stadium-Lahore, from the 24th to 26th of October, 2010. This extravaganza of sports and athletics is
Published 22 Oct, 2010 12:00am
Bollinger loses fizz with injury on India tour

Bollinger loses fizz with injury on India tour

Australian fast bowler Doug Bollinger has been sent home from the one-day series against India with an abdominal strain, team officials said Thursday, raising further injury concerns before the Ashes. Bollinger will be accompanied by middle-order batsman
Published 22 Oct, 2010 12:00am
I was not consulted in team selection: Waqar

I was not consulted in team selection: Waqar

Pakistan cricket team's coach, Waqar Younis said he was not consulted in the selection of team which will play South Africa in United Arab Emirates later this month. "It is very important to seek the opinion of team's coach in the selection but I was not
Published 22 Oct, 2010 12:00am
Lillee backs Aussie bowlers to decide Ashes battle

Lillee backs Aussie bowlers to decide Ashes battle

Australia legend Dennis Lillee believes his country will regain the Ashes from England because Ricky Ponting's team has a stronger bowling attack. Lillee, who took 355 wickets in 70 Tests from 1971 to 1984, knows what it takes to win the Ashes after formi
Published 22 Oct, 2010 12:00am
Younis wants to leave past behind

Younis wants to leave past behind

Pakistan's former captain Younis Khan said Thursday he wanted to move on from bitter troubles this year and rebuild his career, after winning back a place in the national team. The 32-year-old resolved a long-running battle with Pakistan Cricket Board (PC
Published 22 Oct, 2010 12:00am
Indian shares rally nearly two percent

Indian shares rally nearly two percent

Indian shares were the best performers in Asia on Thursday rallying nearly 2 percent, as robust foreign demand for a $3.5 billion IPO by Coal India reaffirmed strong risk appetite. With the largest-ever Indian IPO closing after heavy bidding, traders expe
Published 22 Oct, 2010 12:00am
Ziggo to sell $696 million bond; iTraxx indices firm

Ziggo to sell $696 million bond; iTraxx indices firm

Dutch cable company Ziggo will be a major focus on Thursday with plans to sell a 500 million euro ($696 million) bond, marking its second foray into the high-yield bond market this year. By 0659 GMT, the investment-grade Markit iTraxx Europe index was ste
Published 22 Oct, 2010 12:00am
Ziggo to sell $696 million bond; iTraxx indices firm

Ziggo to sell $696 million bond; iTraxx indices firm

Dutch cable company Ziggo will be a major focus on Thursday with plans to sell a 500 million euro ($696 million) bond, marking its second foray into the high-yield bond market this year. By 0659 GMT, the investment-grade Markit iTraxx Europe index was ste
Published 22 Oct, 2010 12:00am
Nikkei at three-week low

Nikkei at three-week low

Japan's Nikkei average inched down to its lowest close in three weeks on Thursday, erasing early gains after the yen regained strength against the dollar and Shanghai shares drifted down. The Nikkei had briefly risen in the morning as the yen slipped afte
Published 22 Oct, 2010 12:00am
Thursday's afternoon trade: stocks slightly higher

Thursday's afternoon trade: stocks slightly higher

US stocks were slightly higher on Thursday on strong corporate earnings, but the indexes were well off their highs as the euro weakened and commodity prices fell. Blue chips McDonald's Corp and Travellers Cos Inc helped lift the Dow index after reporting
Published 22 Oct, 2010 12:00am
Wall Street bounces

Wall Street bounces

Wall Street bounced back on Wednesday as a fall in the dollar spurred buying in industrial and commodity-linked shares, while another batch of strong corporate earnings added to gains. Equities and the greenback have had an inverse relationship lately bec
Published 22 Oct, 2010 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares ended slightly higher on Thursday helped by firm gains in technology issues such as Samsung Electronics, but substantial falls in banks including Hana Financial Group weighed. The Korea Composite Stock Price Index finished up 0.23 percent at
Published 22 Oct, 2010 12:00am
Treasuries steady

Treasuries steady

Prospective Federal Reserve asset purchases kept US government securities prices mostly steady on Wednesday with investors wary of selling just as the Federal Reserve is about to buy. Comments by Fed officials since their last policy meeting have left the
Published 22 Oct, 2010 12:00am
Treasuries steady

Treasuries steady

Prospective Federal Reserve asset purchases kept US government securities prices mostly steady on Wednesday with investors wary of selling just as the Federal Reserve is about to buy. Comments by Fed officials since their last policy meeting have left the
Published 22 Oct, 2010 12:00am
Hong Kong shares rise, Shanghai slips

Hong Kong shares rise, Shanghai slips

Hong Kong stocks recouped losses in a late rally to end higher on Thursday, led by banking and technology shares, but disappointing results from telecom giant China Mobile capped the benchmark's gains. Shanghai's benchmark stock index finished 0.7 percent
Published 22 Oct, 2010 12:00am
Southeast Asian stocks recover slightly

Southeast Asian stocks recover slightly

Most Southeast Asian stock markets edged higher on Thursday, regaining a little lost ground as investors sought value in resource shares in particular. Asian stocks in general recovered and the dollar rose after US Treasury Secretary Timothy Geithner said
Published 22 Oct, 2010 12:00am
European stocks rally

European stocks rally

European stocks rallied on Thursday, propelled to their highest closing level in six months by a batch of upbeat quarterly results frrom bellwethers such as Nokia Shares of the world's largest handset maker jumped 6.3 percent after it posted forecast-beat
Published 22 Oct, 2010 12:00am
FTSE soars to six-month top

FTSE soars to six-month top

Britain's leading shares surged to a six-month closing high on Thursday, led by miners, as UK investors were buoyed by strong earnings in the US and Europe, but TUI Travel fell after reporting accounting errors. Europe's largest travel firm TUI Travel slu
Published 22 Oct, 2010 12:00am
US presses Turkey to enforce sanctions on Iran

US presses Turkey to enforce sanctions on Iran

A top US government official prodded Turkey on Thursday to enforce international sanctions against Iran, increasing pressure on Ankara to scale back its flourishing trade ties with its neighbour. "All we want is the sanctions to be imposed throughout the
Published 22 Oct, 2010 12:00am
Canadian colonel gets life in prison for murders, rapes

Canadian colonel gets life in prison for murders, rapes

A Canadian court on Thursday sentenced Colonel Russell Williams to two consecutive life sentences for a spree of murders, sexual assaults and burglaries of women's homes. Ontario Superior Court Justice Robert Scott described Williams as a "sick and danger
Published 22 Oct, 2010 12:00am
Penthouse founder dies

Penthouse founder dies

Bob Guccione, the founder and publisher of the adult magazine Penthouse who once studied for the priesthood, has died at the age of 79 after losing a long battle with cancer, the hospital said. Guccione began publication of Penthouse in Britain in 1965 an
Published 22 Oct, 2010 12:00am
Belgian parachute murderer given 30-year jail term

Belgian parachute murderer given 30-year jail term

A jealous Belgian teacher was sentenced to 30 years in prison on Thursday for the murder of a love rival who plunged to her death in a skydive after her parachute was sabotaged. Els Clottemans, 26, was found guilty on Wednesday of cutting through key part
Published 22 Oct, 2010 12:00am
Cuban dissident wins top EU rights prize

Cuban dissident wins top EU rights prize

The European Parliament awarded its top human rights prize on Thursday to Cuban dissident Guillermo Farinas, whose hunger strike this year helped pressure Havana into releasing political prisoners. Farinas, a 48-year-old psychologist, journalist and forme
Published 22 Oct, 2010 12:00am
Activity detected at North Korean nuclear test site

Activity detected at North Korean nuclear test site

A US satellite has detected increased activity at a North Korean nuclear weapons test site, suggesting it could be preparing for a third test, a South Korean government source was quoted as saying on Thursday. The report comes after satellite images taken
Published 22 Oct, 2010 12:00am
African governments call for air, naval blockade of Somalia

African governments call for air, naval blockade of Somalia

African governments on Thursday called on the United Nations to back a naval and air blockade of Somalia and for the international force in the war-torn country to be increased to 20,000 troops. The blockade would stop arms reaching insurgent groups, led
Published 22 Oct, 2010 12:00am
Australian girl barred from school bus over hijab row

Australian girl barred from school bus over hijab row

A six-year-old Muslim girl in Australia has been suspended from using her school bus for "bullying" after reacting angrily to being teased about her hijab, or headscarf, a report said. The Northern Territory News said the girl retaliated by pulling down t
Published 22 Oct, 2010 12:00am
Clashes intensify in Naples over waste dump plans

Clashes intensify in Naples over waste dump plans

Protesters set rubbish trucks alight and threw firecrackers and stones at police in Naples on Thursday as new clashes flared over waste dumps aimed at easing the latest garbage crisis in Italy's third biggest city. Police used teargas overnight to dispers
Published 22 Oct, 2010 12:00am
Thousands evacuated as Typhoon Megi closes in on China

Thousands evacuated as Typhoon Megi closes in on China

At least 160,000 people were evacuated from southern China Thursday as Typhoon Megi, one of the most powerful storms to hit the region in years, bore down, bringing with it the threat of devastation. More than 150,000 people were evacuated in Fujian provi
Published 22 Oct, 2010 12:00am
Elders censure Israel over discrimination in east Jerusalem

Elders censure Israel over discrimination in east Jerusalem

The Elders, a group of retired world figures, criticised Israeli policies in Arab east Jerusalem on Thursday, saying they undermined regional peace efforts and Israel's standing as a democracy. "If a solution to the conflict between Israelis and Palestini
Published 22 Oct, 2010 12:00am
Bomb on bus in Philippines kills 10

Bomb on bus in Philippines kills 10

A bomb ripped through a passenger bus Thursday in the southern Philippines, killing at least 10 people and wounding nine in an attack authorities say may have been carried out by an extortion gang with links to militants. The bus was travelling with more
Published 22 Oct, 2010 12:00am
Israel starts 600 new settler homes since freeze end

Israel starts 600 new settler homes since freeze end

Israel has started building at least 600 homes since the end of a construction freeze, watchdog Peace Now said Thursday, in a move which the Palestinians slammed as "a flagrant act of defiance." "In our estimation, building has started on between 600 and
Published 22 Oct, 2010 12:00am
Myanmar gets new flag ahead of poll

Myanmar gets new flag ahead of poll

Myanmar's junta began using a new national flag Thursday as it gears up for a rare election next month that critics say is a charade aimed at putting a civilian facade on military rule. The new flag, featuring a large white star on a background of yellow,
Published 22 Oct, 2010 12:00am
New York cotton settles higher

New York cotton settles higher

US cotton futures closed higher Thursday on suspected trade/mill and speculative buying as the market defied losses in other commodity markets and the stronger dollar to march higher, analysts said. ICE Futures US key December cotton contract increased 1.
Published 22 Oct, 2010 12:00am
Dalian soyaoil hits 26-month high

Dalian soyaoil hits 26-month high

Dalian soyaoil hit a 26-month high on Thursday and Malaysian palm oil rose above 3,000 ringgit as traders bet strong vegetable oil demand will continue to drive soybean crushing in China. A flurry of Chinese economic data issued earlier in the day showed
Published 22 Oct, 2010 12:00am
US soyabeans set 14-month top

US soyabeans set 14-month top

Soybean futures on the Chicago Board of Trade set a 14-month high on Wednesday, rising nearly 3 percent on continued sales of US soybeans to China and a setback in the dollar, traders said. Grains join broad commodities rally as dollar posts worst day in
Published 22 Oct, 2010 12:00am
US copper gains

US copper gains

US copper prices clawed back on Wednesday some of the day-earlier losses, as the dollar gave up its previous gains and in anticipation of China's raft of economic data due overnight that many participants are betting will show stronger-than-forecast readi
Published 22 Oct, 2010 12:00am
Shanghai copper flat

Shanghai copper flat

London copper edged lower on Thursday and Shanghai ended nearly flat after Chinese data showed stronger third-quarter growth than expected, following Beijing's surprise rate hike this week, and gains in the dollar weighed. The benchmark third-month future
Published 22 Oct, 2010 12:00am
Copper declines

Copper declines

Copper fell on Thursday, reversing earlier gains, as a recovering dollar weighed and investors fretted about the size and shape of expected monetary easing in the United States, the world's largest economy. Benchmark copper for three-month delivery on the
Published 22 Oct, 2010 12:00am
Tokyo rubber futures lower

Tokyo rubber futures lower

Tokyo rubber futures ended lower on Thursday, retreating from an early gain of 1 percent because of what some saw as disappointing Chinese economic data, which led to falls in Shanghai rubber futures and spurred selling on TOCOM, dealers said. The negativ
Published 22 Oct, 2010 12:00am
Arabicas jump to near 13-year high

Arabicas jump to near 13-year high

Arabica coffee prices rallied 3.1 percent to within reach of a 13-year high on Wednesday. Raw sugar futures advanced to a near nine-month high, fuelled by worries over disruption of supply in top-grower Brazil and strong demand for prompt supplies. Coffee
Published 22 Oct, 2010 12:00am
Liffe coffee hits two-year high

Liffe coffee hits two-year high

Liffe January robusta coffee ended $53 higher at $1,893 per tonne on Thursday after setting a two-year high, for the second month, of $1,910. Market underpinned by wet weather concerns in key robusta producer Vietnam and fund buying. Liffe front-month Dec
Published 22 Oct, 2010 12:00am
Oil drops over two percent

Oil drops over two percent

Oil tumbled more than 2 percent on Thursday in a sell-off sparked by the dollar's recovery from an earlier dip, as doubts re-emerged about the extent of potential US monetary easing. Trading has been volatile all week. The latest derailment came after US
Published 22 Oct, 2010 12:00am
US gold rebounds

US gold rebounds

US gold futures rebounded Wednesday on a sharply lower dollar, after an influential consultancy said the Federal Reserve planned to offer further monetary stimulus by buying $500 billion of US Treasuries over six months to stimulate economic growth. COMEX
Published 22 Oct, 2010 12:00am
Gold down in Asia

Gold down in Asia

Gold ticked down in volatile trade on Thursday as a rebound in the US dollar ahead of a G20 meeting and comments by US Treasury Secretary Tim Geithner overshadowed positive economic data from China. Spot gold hit a high of $1,349.05 an ounce before slippi
Published 22 Oct, 2010 12:00am
Gold slips in Europe

Gold slips in Europe

Gold was set for its first weekly decline in 12 weeks on Thursday after US jobs data lifted the dollar and further eroded investor demand for bullion, although several analysts said they viewed this as temporary. Gold is on course for a 1.9 percent fall t
Published 22 Oct, 2010 12:00am
US MIDDAY: arabica coffee sets 13-year high

US MIDDAY: arabica coffee sets 13-year high

Fund buying helped push arabica coffee to break above $2.00 a lb to a 13-year high early on Thursday and robusta coffee hit a two-year high on Thursday, with both markets underpinned by supply concerns. ICE sugar and cocoa were higher in technical trading
Published 22 Oct, 2010 12:00am
US MIDDAY: corn, wheat sag; soya up

US MIDDAY: corn, wheat sag; soya up

Corn and wheat futures on the Chicago Board of Trade fell early on Thursday due to profit-taking after the previous day's rally, traders said. Soyabeans were choppy as support from larger-than-expected weekly US export sales offset spillover pressure from
Published 22 Oct, 2010 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell to a three-week low on Thursday, losing nearly 2 percent as lower US jobless claims and a stalled euro rally prompted bullion investors to lock in recent profits. Bullion was set for its first weekly decline in 12 weeks, after the US jobs report
Published 22 Oct, 2010 12:00am
BISP to distribute Rs 74 billion among unemployed, deserving women

BISP to distribute Rs 74 billion among unemployed, deserving women

Speaker, Khyber Pakhtunkhwa Assembly, Kiramatullah Khan has said that an amount of Rs 74 billion would be distributed amongst unemployed and deserving women under Benazir Income Support Programme (BISP) during the current financial year.
Published 22 Oct, 2010 12:00am
Houses damaged in floods: KP completes survey

Houses damaged in floods: KP completes survey

The provincial government of Khyber Pakthunkhwa has completed the survey of 745 flood affected union councils confirming the destruction of 280,629 houses in the province. "Out of the total 116,135 houses were destroyed completely while 164,494 were parti
Published 22 Oct, 2010 12:00am
Operation in North Waziristan: Pakistan reiterates its earlier stance

Operation in North Waziristan: Pakistan reiterates its earlier stance

Pakistan reiterated its earlier stance that 'when, how and what is to be done in North Waziristan' would be decided by Islamabad. This was stated when the third round of Pak-US strategic dialogue covering civil (from water issues to energy) and military a
Published 22 Oct, 2010 12:00am
First Global Halal Congress on December 4

First Global Halal Congress on December 4

Halal Development Council (HDC) is organising the 1st Global Halal Congress in Pakistan with the theme 'Discover Pakistan's Halal Potential'. The Halal Congress is an international conference to introduce Pakistan to the leading Halal industry experts, gl
Published 22 Oct, 2010 12:00am
BASF donates euros 785,000 to flood victims

BASF donates euros 785,000 to flood victims

BASF and its employees in more than 20 countries have together donated about euro 785,000 for the flood victims in Pakistan. "I was impressed by the willingness of BASF employees to make donations. Through their contributions some of the misery can be rel
Published 22 Oct, 2010 12:00am
Ten-day 'Capacity Building Workshop' begins

Ten-day 'Capacity Building Workshop' begins

In a bid to enhance capacity of the employees, Helping Hand for Relief and Development (HHRD) has started on Thursday a ten-day 'Capacity Building Workshop' here in a local hotel, which was inaugurated by HHRD Country Director, Fazal-ur-Rehman.
Published 22 Oct, 2010 12:00am
Environment Ministry finalises energy conservation law

Environment Ministry finalises energy conservation law

The Ministry of Environment has finalised energy conservation law, which is likely to be placed in the cabinet for approval. This was stated by Minister for Environment Hameed Ullah Jan Afridi while addressing the inaugural session of two-day internationa
Published 22 Oct, 2010 12:00am
Steps to be taken to upgrade GGIP: TDAP

Steps to be taken to upgrade GGIP: TDAP

Director General, Trade Development Authority of Pakistan (TDAP), Tariq Pervez said that all possible steps would be taken for development of Gems and Gemological Institute of Pakistan (GGIP) so that the business of gemstone flourishes in the country and
Published 22 Oct, 2010 12:00am
Pakistan, Iraq express desire to strengthen cultural ties

Pakistan, Iraq express desire to strengthen cultural ties

Minister for Culture, Pir Aftab Hussain Shah Jilani and Ambassador of Iraq, Dr Rushdi Al-Ani have expressed their strong desire to further strengthen cultural ties and renew cultural exchange programme between the two countries. The Iraqi ambassador showe
Published 22 Oct, 2010 12:00am
Targeted killings

Targeted killings

While the innocent people are being killed almost daily without any reason, the government is not taking any action against those who are responsible for this crime. In the parliament, leaders have time to talk about restricting Indian songs (Munni Badnam
Published 22 Oct, 2010 12:00am
Why opposing Benazir monument?

Why opposing Benazir monument?

Those, who are unsuccessfully trying to limit Zulfiqar Ali Bhutto and Benazir Bhutto only to Pakistan Peoples Party (PPP), they are sadly mistaken. They are forgetting the fact that ZAB as well as BB, both were the prime ministers of Pakistan and they had
Published 22 Oct, 2010 12:00am
Glam Guttenbergs are hyped to lead Germany one day

Glam Guttenbergs are hyped to lead Germany one day

He's an eloquent German conservative with perfectly gelled dark hair and she's a slim, attractive mother who has campaigned for years for parents and schools to act against child sex abuse. Meet Karl-Theodor zu Guttenberg, the German defence minister, and
Published 22 Oct, 2010 12:00am
US's tactical and Pakistan's strategic dialogue

US's tactical and Pakistan's strategic dialogue

The ongoing strategic dialogue in Washington may not have a clear road ahead. American interests skewed towards short to medium term goals are in conflict with Pakistan's long term objectives, albeit the common interest on table is to eradicate extremism,
Published 22 Oct, 2010 12:00am
Burgeoning fiscal deficit

Burgeoning fiscal deficit

The persistent failure of successive governments-civil and military alike-to overcome budgetary deficit, remove fiscal imbalances and check ever-increasing wasteful expenditure has created a situation, where the very economic viability of Pakistan is at s
Published 22 Oct, 2010 12:00am
Fair and balanced verdict

Fair and balanced verdict

Balancing like a tightrope walker high above the black depths of verdure beneath, the Supreme Court of Pakistan has lived up to its stated position that it will not seek to destabilise the system by making it abundantly clear that it can also not lose sig
Published 22 Oct, 2010 12:00am
Corruption-free equitable tax system!

Corruption-free equitable tax system!

Most Pakistanis have come to accept the fact that corruption is not an accepted practice in government, including among its tax collection authorities, but is also pervasive. Federal Finance Minister Dr Hafeez Sheikh while chairing a meeting of the Tax Co
Published 22 Oct, 2010 12:00am
Pakistan committed to introducing reforms in power sector: Ashraf

Pakistan committed to introducing reforms in power sector: Ashraf

Pakistan is committed to reforms in the power sector including granting autonomy to power generating and distributing companies, Federal Minister for Water and Power Raja Pervaiz Ashraf said after discussing co-operation in the sector under strategic part
Published 22 Oct, 2010 12:00am
Committee meeting on MoWD expresses concerns over harassment of nurses

Committee meeting on MoWD expresses concerns over harassment of nurses

The meeting of the Standing Committee on Women Development was held in the Ministry of Women Development (MoWD) on Thursday with Bushra Gohar in the chair. The committee expressed grave concern over the harassment of female nurses in district layyah and a
Published 22 Oct, 2010 12:00am
National Assembly body criticises Hafeez Sheikh for repeated absence

National Assembly body criticises Hafeez Sheikh for repeated absence

The National Assembly's Standing Committee on Information Technology and Telecommunication on Thursday flayed Federal Finance Minister Abdul Hafeez Sheikh for his repeated absence from the committee's meeting, as he has to brief the committee on the alleg
Published 22 Oct, 2010 12:00am
Fahim leaves for Moscow

Fahim leaves for Moscow

Federal Minister for Commerce Makhdoom Amin Fahim has left for Moscow on a three day official visit to attend the quad lateral summit of Ministers on Commerce and Economy, starting from Friday (today). Member countries of the conference are: Russian Feder
Published 22 Oct, 2010 12:00am
'Peace in South Asian region linked to resolution of Kashmir issue'

'Peace in South Asian region linked to resolution of Kashmir issue'

Former Prime Minister of Azad Jammu and Kashmir Barrister Sultan Mahmood has said that peace in the South Asian region is linked to the solution of Kashmir issue and the world community should play its role to bring all the stakeholders around one table t
Published 22 Oct, 2010 12:00am
'NFC Award, Balochistan Package to bring prosperity'

'NFC Award, Balochistan Package to bring prosperity'

"Balochistan government had played significant role in announcement of the seventh consensus National Finance Commission (NFC) Award and the Aghaz-e-Haqooq-e-Balochistan Package." Minister for Forests and Wildlife and Jamiat Ulema-e-Islam leader Maulana A
Published 22 Oct, 2010 12:00am
Politicians back journalists' call for security

Politicians back journalists' call for security

Political parties of Khyber Pakhtunkhwa on Thursday joined hands with Pakistan Federal Union of Journalists (PFUJ) in their demand for the provision of protection to media men and payment of the compensation equal to that paid to the families of the perso
Published 22 Oct, 2010 12:00am
Reporting of financial issues: media urged to adopt a cautious approach

Reporting of financial issues: media urged to adopt a cautious approach

Speakers at a seminar have stressed the need for adopting cautious approach by the media while reporting financial issues having direct impact on stock exchanges, financial institutions, banking sector and regulatory bodies including Securities and Exchan
Published 22 Oct, 2010 12:00am
Tea industry: government urged to check rising smuggling under ATTA

Tea industry: government urged to check rising smuggling under ATTA

Talat Mahmood, Acting President and Junaid Makda, Vice President, Karachi Chamber of Commerce and Industry (KCCI) and Mohsin Saify, Chairman Pakistan Tea Association (PTA) and members PTA, in a joint press statement, have urged the government to address t
Published 22 Oct, 2010 12:00am
Industries resume normal operations

Industries resume normal operations

Daily wage workers took a sigh of relief on Thursday as five industrial estates of the city resumed normal operations after remaining paralysed for a day on Wednesday. Pubic transport also started playing on roads and petrol pumps were opened in the city.
Published 22 Oct, 2010 12:00am
Karachi: search operation strategy mapped out: six more killed

Karachi: search operation strategy mapped out: six more killed

Sindh government on Thursday mapped-out strategy to launch a search operation against criminals, in parts of the city, officials said. As the provincial authorities were busy chalking out plans to comb criminals, six more people lost their lives in the on
Published 22 Oct, 2010 12:00am
Iran-Pak Wind Power: land for project not yet allotted, CG told

Iran-Pak Wind Power: land for project not yet allotted, CG told

Khurram Sayeed, Chief Executive, Iran-Pak Wind Power (Pvt) Ltd called upon the new Consul General (CG) of Iran in Karachi, Abbas Ali Abdollahi at the Iranian consulate. The two discussed the status of Iran-Pakistan Wind project, wherein Sayeed apprised th
Published 22 Oct, 2010 12:00am
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