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Print - 2010-12-13
The Weather

The Weather

The weather report on Sunday (December 12, 2010) and the forecast for Monday (December 13, 2010).

Published 13 Dec, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 06 to 11 2010)

Published 13 Dec, 2010 12:00am
Pakistan seeks standing as a 'most vulnerable' climate nation

Pakistan seeks standing as a 'most vulnerable' climate nation

As negotiators at UN climate talks work toward setting up a functioning climate assistance fund, flood- hit Pakistan is trying to position itself as one of the world's most climate-vulnerable nations, alongside low-lying Bangladesh, sinking small island s
Published 13 Dec, 2010 12:00am
Girl among two killed in road accident

Girl among two killed in road accident

Two persons including a young girl were killed in a road accident, here on Sunday, in the vicinity of Domail Police Station. According to police, a passenger van bound for Bannu collided with a pickup truck near Domail Police Station. As a result, a young
Published 13 Dec, 2010 12:00am
Taliban impostor

Taliban impostor

There are times when everything loses focus, clarity and significance to descent into a chaotic state as in the case of the present long war fought by a myriad of forces against a myriad of militant groups with a predictable yet unacceptable zero sum that
Published 13 Dec, 2010 12:00am
Zaid Hamid vs Dr Farzana Bari

Zaid Hamid vs Dr Farzana Bari

In a TV talk show hosted by Dr Shahid Masood; an apparent difference emerged between Zaid Hamid and Dr Farzana Bari on Iqbal when the former spoke of him as Wali without using the actual term, and the latter as philosopher without using the actual word.
Published 13 Dec, 2010 12:00am
Irish face a bleak winter as budget cuts take hold

Irish face a bleak winter as budget cuts take hold

Sharon Byrne is blind and lives on a disability pension of 196 euros (260 dollars) a week. She rents an apartment in Dublin which costs her 750 euros a week. Her rent allowance is 390 a month, with the shortfall coming from her disability benefit. The Iri
Published 13 Dec, 2010 12:00am
Credit goes to Zardari

Credit goes to Zardari

Credit goes to President Zardari-led PPP government for signing into law the Sacked Employees (Reinstatement) Bill 2010 in a special ceremony at Aiwan-e-Sadr. The law is expected to reinstate over 7000 public sector employees, who were targeted on politic
Published 13 Dec, 2010 12:00am
WikiLeaks: Who are the good guys?

WikiLeaks: Who are the good guys?

The United States' first amendment was, pre-WikiLeaks revelations, cited by the world media as epitomising a commitment to press freedom unparalleled elsewhere, enabling its press to play a critical role in providing a check and balance on the members of
Published 13 Dec, 2010 12:00am
Hajj scam and the Cabinet's collective responsibility

Hajj scam and the Cabinet's collective responsibility

The 18th Constitutional Amendment mandates that the Federal Cabinet, together with the ministers of state, shall be collectively responsible to the Senate and the National Assembly, departing from the original position when it was supposed to be collectiv
Published 13 Dec, 2010 12:00am
RGST: federation and provinces still at odds

RGST: federation and provinces still at odds

The two-day meeting between the federal and provincial finance secretaries concluded without any agreement on the rate as well as the inter-provincial collection of the reformed general sales tax (RGST). The Federal Board of Revenue (FBR) has been directe
Published 13 Dec, 2010 12:00am
Benazir posthumously awarded Service to Humanity Award

Benazir posthumously awarded Service to Humanity Award

Former prime minister Shaheed Mohtarma Benazir Bhutto was posthumously awarded the Service to Humanity Award by International Conference of Asian Political Parties (ICAPP) in Phnom Penh, Cambodia last week.
Published 13 Dec, 2010 12:00am
'High security prisons being set up'

'High security prisons being set up'

Four new high security prisons and barracks are being constructed, one each at central jails Lahore, Rawalpindi, Mianwali and Sahiwal at a total cost of Rs 1935.189 million.
Published 13 Dec, 2010 12:00am
'UAE's support translates into concrete investments'

'UAE's support translates into concrete investments'

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Sheikh Nahyan Bin Mubarak Al Nahyan and UAE have always shown support for Pakistan in "thick and thin" and this translates into concrete investments in Pakistan. He said that as Pakistan's secon
Published 13 Dec, 2010 12:00am
Health expert warns against gas heater usage

Health expert warns against gas heater usage

Health experts have warned people to switch off gas room heaters before going to bed to avoid risks of fire and casualties. Talking to APP here on Sunday about recent gas related incidents in some areas, Medical Superintendent Jinnah Hospital Dr Muhammad
Published 13 Dec, 2010 12:00am
'Anti-state elements to be dealt with an iron hand'

'Anti-state elements to be dealt with an iron hand'

Provincial Food and Industries Minister Choudary Abdul Ghafoor has said that government has formulated a strategy for maintaining law and order during Muharram in Punjab. Under the strategy anti-state elements and mischief mongers would be dealt with iron
Published 13 Dec, 2010 12:00am
Norwegian defence team arrives

Norwegian defence team arrives

A ten-member Norwegian defence delegation, led by Defence Minister of Norway, Grete Faremo, arrived on three days visit to Pakistan here on Sunday. The delegation was received by Rear Admiral Shah Sohail Masood, Additional Secretary, Ministry of Defence a
Published 13 Dec, 2010 12:00am
TCP is a commercial importer of sugar: FBR

TCP is a commercial importer of sugar: FBR

The Federal Board of Revenue (FBR) has ruled that the Trading Corporation of Pakistan (TCP) is a commercial importer of sugar and tax on import of sugar constitutes full and final discharge of tax liability of the TCP from this source of income.
Published 13 Dec, 2010 12:00am
Kashmiris' sacrifices will not be allowed to go waste: Shabbir

Kashmiris' sacrifices will not be allowed to go waste: Shabbir

Senior leader of the All Parties Hurriyet Conference, Shabbir Ahmad Shah has said that the sacrifices of Kashmiri martyrs will not be allowed to go waste and the day is not far off when the people of Kashmir will get rid of Indian bondage.
Published 13 Dec, 2010 12:00am
'21st century to witness end of tyranny, exploitation'

'21st century to witness end of tyranny, exploitation'

The 21st century is the century of supremacy of Islam and the world would soon witness end of tyranny, exploitation and rule of human beings over fellow beings and state aggression, Deputy Secretary General, Jamaat-e-Islami, Dr Farid Ahmed Piracha said, h
Published 13 Dec, 2010 12:00am
Wasa prepares contingency plan for Muharram

Wasa prepares contingency plan for Muharram

Managing Director Water and Sanitation Agency (Wasa) HDA, Hyderabad has prepared a contingency plan to ensure efficient services to the citizens of three urban talukas during the month of Muharram-ul-Haram.
Published 13 Dec, 2010 12:00am
'TAPI gas pipeline project to bring progress in region'

'TAPI gas pipeline project to bring progress in region'

Provincial Minister for Finance and Planning & Development, Tanvir Ashraf Kaira has said that Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline project would bring prosperity and progress in region and this project would play a vital role
Published 13 Dec, 2010 12:00am
Video games get kids to eat healthier foods

Video games get kids to eat healthier foods

After being fingered as a key cause of the rising rate of US childhood obesity, video games got a reprieve on December 06 as a new study showed they can be used to encourage kids to eat healthier foods.
Published 13 Dec, 2010 12:00am
Fungus gene map offers hope against cereal disease

Fungus gene map offers hope against cereal disease

Scientists may be able to find new ways to tackle plant diseases after discovering how a fungus attacks barley, a staple around the world and a main ingredient in brewing and malting.
Published 13 Dec, 2010 12:00am
Common blood test may detect heart disease

Common blood test may detect heart disease

An improved version of a common emergency room blood test could be used to detect heart disease in apparently healthy patients, according to a US study published on December 07. A less sensitive test for the protein, called cardiac troponin T (cTnT), is a
Published 13 Dec, 2010 12:00am
More plant growth could slow global warming: NASA

More plant growth could slow global warming: NASA

In a world with twice as much carbon dioxide in the atmosphere, plants could grow larger and create a cooling effect on a warming globe, but could not halt or reverse climate change, NASA said on December 07.
Published 13 Dec, 2010 12:00am
Study shows child brain tumour really two cancers

Study shows child brain tumour really two cancers

The most common type of malignant childhood brain tumour is actually two different types of cancer, researchers said on December 08 in a study they said also suggested the youngest patients could receive less toxic treatments.
Published 13 Dec, 2010 12:00am
Some stem cells protect TB bacteria

Some stem cells protect TB bacteria

Certain stem cells protect tuberculosis (TB) bacteria from being destroyed, which explains why TB can lie dormant for years or even decades in the human body, researchers said on December 07.
Published 13 Dec, 2010 12:00am
Baby illness can be scanned in mom's blood

Baby illness can be scanned in mom's blood

Parents may soon be able to find out if their unborn child is prone to any inherited diseases, researchers said on December 09, after developing a non-invasive technique to draw the entire gene map of the human foetus.
Published 13 Dec, 2010 12:00am
Shell sells US gas fields for $1.8 billion

Shell sells US gas fields for $1.8 billion

Royal Dutch Shell said on December 10 that it had agreed to sell a group of gas fields in south Texas to OXY USA, a subsidiary of Occidental Petroleum Corp., for about 1.8 billion dollars (1.4 billion euros). The sale, effective from January 01, 2011, "is
Published 13 Dec, 2010 12:00am
AIG shortlists two bidders for Taiwan unit: report

AIG shortlists two bidders for Taiwan unit: report

US insurance giant AIG has shortlisted two firms among five original bidders for its Taiwan unit, Nan Shan Life, a report said on December 09. American International Group has set its sights on Goldsun Group and an investment firm jointly formed by Ruente
Published 13 Dec, 2010 12:00am
Citi future brightens out of US shadow

Citi future brightens out of US shadow

Citigroup Inc, having finally shed its status as a US government ward, is no longer handicapped when competing for business - or for the people who can attract it. "CEO Vikram Pandit and his lieutenants had to have breathed a huge sigh of relief," said Mi
Published 13 Dec, 2010 12:00am
EADS sees improvement from 2012: report

EADS sees improvement from 2012: report

The European aerospace and defence group EADS said on December 08 it expected a "significant improvement" in operating profit from 2012 on but that next year would be as tough as 2010. "We expect significant improvements for 2012 and the following years a
Published 13 Dec, 2010 12:00am
EADS sees improvement from 2012: report

EADS sees improvement from 2012: report

The European aerospace and defence group EADS said on December 08 it expected a "significant improvement" in operating profit from 2012 on but that next year would be as tough as 2010. "We expect significant improvements for 2012 and the following years a
Published 13 Dec, 2010 12:00am
Panasonic expects year-end sales flat

Panasonic expects year-end sales flat

Consumer electronics maker Panasonic Corp said on December 10 it sees no strong recovery in year-end sales in North America and Europe and expects figures to be flat or marginally up on the previous year.
Published 13 Dec, 2010 12:00am
Swedbank chief executive sees reasonable profits in 2011

Swedbank chief executive sees reasonable profits in 2011

The chief executive officer of Swedbank said on December 10, slightly stronger lending margins due to higher interest rates and lower funding costs would help the bank produce "reasonable profits" in 2011.
Published 13 Dec, 2010 12:00am
Gulf bond issuers see opportunity in Malaysia

Gulf bond issuers see opportunity in Malaysia

Gulf-based banks and companies, struggling to overcome a lack of investor confidence after the Dubai debt crisis, are increasingly looking towards Malaysia, the world's biggest Islamic bond market with a vast pool of cash.
Published 13 Dec, 2010 12:00am
Gulf bond issuers see opportunity in Malaysia

Gulf bond issuers see opportunity in Malaysia

Gulf-based banks and companies, struggling to overcome a lack of investor confidence after the Dubai debt crisis, are increasingly looking towards Malaysia, the world's biggest Islamic bond market with a vast pool of cash.
Published 13 Dec, 2010 12:00am
AirAsia to launch Philippine joint venture

AirAsia to launch Philippine joint venture

Southeast Asia's biggest budget carrier AirAsia plans to launch a joint venture airline operation in the Philippines in 2011, an official involved in the negotiations said on December 08.
Published 13 Dec, 2010 12:00am
IPOs set for record $300 billion this year: study

IPOs set for record $300 billion this year: study

Dynamic business activity in Asia should push the global value of stock market flotations to more than 300 billion dollars (227 billion euros) this year, exceeding the record in 2007, a study showed on December 08. In the first 11 months of the year the a
Published 13 Dec, 2010 12:00am
Verizon eyes more flexible FiOS data options

Verizon eyes more flexible FiOS data options

Verizon Communications Inc is studying a plan that would allow its FiOS customers to choose different combinations of broadband speeds and TV channels, a top executive said on December 6Monday. The moves comes as Verizon and other cable and telephone dist
Published 13 Dec, 2010 12:00am
Backpackers trek the globe with tech toys

Backpackers trek the globe with tech toys

Backpackers are travelling the world with high-tech toys and are often searching as much for free Wi-Fi as for historical sites. And they are in touch with family and friends thanks to Facebook, Twitter, Skype and instant messaging.
Published 13 Dec, 2010 12:00am
Facebook founder rolls out changes to profile pages

Facebook founder rolls out changes to profile pages

Facebook founder Mark Zuckerberg unveiled changes to member profile pages on Sunday and said the movie "The Social Network" got "hugely basic" things wrong about the origins of the site.
Published 13 Dec, 2010 12:00am
Google says 300,000 Android phones activated daily

Google says 300,000 Android phones activated daily

More than 300,000 smartphones running on Google-backed Android software are activated daily, according to an engineering vice president at the Internet giant. Andy Rubin fired off the update in a terse "tweet" at microblogging service Twitter late Decemeb
Published 13 Dec, 2010 12:00am
Microsoft adding privacy options to new Web browser

Microsoft adding privacy options to new Web browser

Microsoft unveiled increased privacy options December 7 for the upcoming version of its popular Web browser Internet Explorer 9 including the ability to prevent tracking by third-party websites. The US software giant said that the new feature, "Tracking P
Published 13 Dec, 2010 12:00am
Kindle books on Web browsers early next year

Kindle books on Web browsers early next year

Amazon will make its Kindle electronic books available for reading on Web browsers beginning early next year, with people's digital collections saved in the Internet "cloud." Amazon executives on December 7 showed off "Kindle for the Web" at a Google pres
Published 13 Dec, 2010 12:00am
Germany at 7th place in global IT survey

Germany at 7th place in global IT survey

Germany is ranked seventh globally in its appeal to information technology companies, according to figures on December 7 released at government-sponsored IT summit in Dresden. South Korea topped the survey by pollsters TNS Infratest, bumping the US down t
Published 13 Dec, 2010 12:00am
Internet body meets on domain names, IP addresses

Internet body meets on domain names, IP addresses

ICANN, the international regulatory body for Web architecture, met here on December 6 to discuss expanding the list of top level domain names and a new generation of Internet protocol addresses.
Published 13 Dec, 2010 12:00am
Eight percent of online Americans use Twitter: Pew

Eight percent of online Americans use Twitter: Pew

Three-fourths of the US adult population are Internet users and eight percent of those who are online use Twitter, according to a study released on December 9. The study by the Pew Research Centre's Internet and American Life Project found that the micro-
Published 13 Dec, 2010 12:00am
Google Chrome notebooks on sale next year

Google Chrome notebooks on sale next year

Google is building its Chrome operating system into notebook computers expected to hit the market next year in a challenge to the software at the heart of Microsoft's empire.
Published 13 Dec, 2010 12:00am
Supporters of jailed Russian tycoon rally ahead of verdict

Supporters of jailed Russian tycoon rally ahead of verdict

About 1,000 people protested in Moscow on Sunday in support of jailed oil tycoon Mikhail Khodorkovsky ahead of a new court verdict due next, with a smaller rally staged in Saint Petersburg. Khodorkovsky and his partner Platon Lebedev, who are already serv
Published 13 Dec, 2010 12:00am
Prominent Iranian journalist jailed for 16 months

Prominent Iranian journalist jailed for 16 months

Iran has sentenced a prominent reformist journalist to 16 months in jail on charges of insulting President Mahmoud Ahmadinejad and undermining the Islamic regime, he told AFP on Sunday. Mashallah Shamsolvaezin heads the Journalists' Association of Iran an
Published 13 Dec, 2010 12:00am
Australian Guantanamo inmate says he was 'scapegoat'

Australian Guantanamo inmate says he was 'scapegoat'

Australian former Guantanamo Bay inmate David Hicks on Sunday said he was a "political scapegoat" and insisted his training in Pakistan and Afghanistan was "very far removed from acts of terrorism".
Published 13 Dec, 2010 12:00am
Gbagbo accuses foreign powers of wooing I Coast army

Gbagbo accuses foreign powers of wooing I Coast army

The Ivory Coast crisis took a disturbing new turn Sunday after Laurent Gbagbo, clinging defiantly to power after disputed polls, accused foreign envoys of seeking to turn the military against him.
Published 13 Dec, 2010 12:00am
Egyptians protest parliamentary vote results

Egyptians protest parliamentary vote results

Hundreds of Egyptian activists and members of opposition groups protested on Sunday against what they said were violations during a parliamentary vote that handed the ruling party a huge victory last month.
Published 13 Dec, 2010 12:00am
Britain considering ban on US pastor Jones

Britain considering ban on US pastor Jones

Home Secretary Theresa May said Sunday she was "actively" considering whether to ban firebrand US pastor Terry Jones from entering Britain to speak to far-right activists. He has been invited to an English Defence League (EDL) rally to speak out "against
Published 13 Dec, 2010 12:00am
Ancient Christian site in UAE opens to visitors

Ancient Christian site in UAE opens to visitors

A 1,400-year-old monastery that is the only known pre-Islamic Christian site in the United Arab Emirates has opened to visitors, The National newspaper reported on Sunday.
Published 13 Dec, 2010 12:00am
Hundreds form human chain round German nuclear storage site

Hundreds form human chain round German nuclear storage site

Several hundred nuclear energy opponents formed a human chain around a German nuclear storage site on Sunday, to protest against transports of radioactive material. The storage site in Ahaus, near the Dutch border, holds spent nuclear fuel rods that were
Published 13 Dec, 2010 12:00am
Venezuelan missile purchases worried US: WikiLeaks

Venezuelan missile purchases worried US: WikiLeaks

The United States tried to stop delivery of Russian anti-aircraft missiles to Venezuela in 2009 amid concerns it could pass them on to Marxist guerrillas in Colombia or Mexican drug gangs, The Washington Post said on Sunday, citing diplomatic cables from
Published 13 Dec, 2010 12:00am
Thongchai makes history in Cambodia

Thongchai makes history in Cambodia

Thailand's Thongchai Jaidee was in a class of his own as he cruised to an unprecedented 13th Asian Tour title at the Johnnie Walker Cambodian Open on Sunday. The untouchable three-time Asian Tour Order of Merit winner posted a final-round seven-under-par
Published 13 Dec, 2010 12:00am
Lee, Nehwal take titles in Hong Kong

Lee, Nehwal take titles in Hong Kong

Malaysia's world number one Lee Chong Wei put his Asian Games disappointment behind him to smash his way to the Hong Kong Open Super Series title Sunday, while Saina Nehwal won the women's crown. Top seed Lee, beaten by China's Lin Dan in the final last m
Published 13 Dec, 2010 12:00am
Tamim stars in Bangladesh's series-clinching win

Tamim stars in Bangladesh's series-clinching win

Tamim Iqbal smashed seven sixes in a brisk 95 as Bangladesh defeated Zimbabwe by six wickets in the fifth and final one-day international on Sunday to clinch the series 3-1. The left-handed opener also cracked five fours in a 96-ball knock to help Banglad
Published 13 Dec, 2010 12:00am
Pakistan talented enough to ride out scandal: Ramiz

Pakistan talented enough to ride out scandal: Ramiz

Former captain Ramiz Raja said on Sunday Pakistan have the talent to ride out a spot-fixing scandal engulfing the national game. "For me credibility and integrity are the main issues and there is a need to draw a line between whether we want suspicious pl
Published 13 Dec, 2010 12:00am
City reject Tevez transfer request

City reject Tevez transfer request

Highflying Premier League side Manchester City rejected on Sunday a written transfer request by disenchanted captain Carlos Tevez. The 26-year-old Argentine international has endured a rocky relationship with manager Roberto Mancini and is understood to b
Published 13 Dec, 2010 12:00am
Six charged in Spanish doping scandal

Six charged in Spanish doping scandal

Six people, including the coach of former world 3,000m steeplechase champion Marta Dominguez, were charged with public health offences and trafficking in illegal substances on Sunday as a major doping probe continued.
Published 13 Dec, 2010 12:00am
Chelsea pay penalty against Spurs

Chelsea pay penalty against Spurs

Chelsea missed the chance to go top in the English Premier League after Didier Drogba saw a late penalty saved in a 1-1 draw away to Tottenham Hotspur at White Hart Lane on Sunday. Spurs goalkeeper Heurelho Gomes, who'd let substitute Drogba's shot go thr
Published 13 Dec, 2010 12:00am
England target unbeaten Australian tour after draw

England target unbeaten Australian tour after draw

Wicketkeeper Matt Prior said England were aiming to go through their Australian tour unbeaten after the tourists ground out a draw in their three-day match with Victoria on Sunday. Set 311 runs to win on the final day at the Melbourne Cricket Ground, Engl
Published 13 Dec, 2010 12:00am
Leghari wins Millat's Governor's Cup Golf Tournament

Leghari wins Millat's Governor's Cup Golf Tournament

Muhammad Leghari of Royal Palm with an aggregate score of 213, net (74+68+71) emerged as title winner of the 27th Millat Governor's Cup Golf Tournament here at Gymkhana Golf Course on Sunday.
Published 13 Dec, 2010 12:00am
Martina Hingis marries French showjumper

Martina Hingis marries French showjumper

Retired tennis star Martina Hingis has married French showjumper Thibault Hutin in Paris, Swiss celebrity magazine Schweizer Illustrierte said. According to the magazine's website, the 30-year-old former Grand Slam champion and the 24-year-old rider held
Published 13 Dec, 2010 12:00am
Amir Khan retains title

Amir Khan retains title

Britain's Amir Khan withstood a furious challenge from Argentina's Marcos Maidana to retain his WBA light welterweight title in Las Vegas on Saturday. Maidana landed a right hand early in the first round that appeared to hurt the champion. But Khan (24-1,
Published 13 Dec, 2010 12:00am
Abu Dhabi, Yemen firms agree to cooperate on oil

Abu Dhabi, Yemen firms agree to cooperate on oil

An Abu Dhabi state firm says it will deepen ties to Yemen's oil industry as the Arab world's poorest country looks to boost output from its dwindling reserves. Abu Dhabi's Mubadala Development Company and the Yemen Company for Investments in Oil and Miner
Published 13 Dec, 2010 12:00am
Nissan delivers 1st electric car in challenge to GM

Nissan delivers 1st electric car in challenge to GM

Japan's Nissan Motor Co delivered the first mass-market all-electric car to a technology entrepreneur in California on Saturday as the company tries to get a jump in the nascent green vehicle race.
Published 13 Dec, 2010 12:00am
Dubai ruler names Sheikh Ahmed Dubai World chairman

Dubai ruler names Sheikh Ahmed Dubai World chairman

Dubai's ruler appointed a new board for Dubai World, the flagship conglomerate which struck a deal to restructure $25 billion in debt earlier, appointing his uncle and key adviser as chairman on Sunday.
Published 13 Dec, 2010 12:00am
Dubai ruler names Sheikh Ahmed Dubai World chairman

Dubai ruler names Sheikh Ahmed Dubai World chairman

Dubai's ruler appointed a new board for Dubai World, the flagship conglomerate which struck a deal to restructure $25 billion in debt earlier, appointing his uncle and key adviser as chairman on Sunday.
Published 13 Dec, 2010 12:00am
Ecuador to auction oil fields of companies it forced out

Ecuador to auction oil fields of companies it forced out

Ecuador will auction several oil fields including those previously held by foreign companies forced out of the country last month for refusing to accept new contract terms, the natural resources minister said on Saturday.
Published 13 Dec, 2010 12:00am
Chinese leaders emphasise fighting inflation

Chinese leaders emphasise fighting inflation

China will ratchet up efforts to quell inflation in 2011 while pushing forward economic restructuring to help sustain robust growth, state media said on Sunday after the close of an annual policy-setting conference.
Published 13 Dec, 2010 12:00am
Dubai banking centre cuts rents to boost business

Dubai banking centre cuts rents to boost business

Dubai's main banking centre is cutting office rental rates to encourage more business in the glitzy office park. The state-run Dubai International Financial Centre said Sunday the cuts - which could mean discounts of half or more - aim to attract new firm
Published 13 Dec, 2010 12:00am
Russia mulls visa-free travel for EU train passengers

Russia mulls visa-free travel for EU train passengers

Russia could allow visa-free travel for passengers of a high-speed train linking Finland and Russia, a senior official said, as Moscow presses the European Union to ease travel restrictions.
Published 13 Dec, 2010 12:00am
Greece must accelerate reforms: ECB economist

Greece must accelerate reforms: ECB economist

The European Central Bank's chief economist said on Sunday that Greece needed to press on with difficult structural reforms if it is to overcome the debt crisis plaguing the nation.
Published 13 Dec, 2010 12:00am
Irish opposition party says IMF-EU deal too costly

Irish opposition party says IMF-EU deal too costly

Ireland's main opposition Fine Gael party will seek to renegotiate an IMF/EU 85 billion euros rescue package to get a lower interest rate if it is elected to power next year, a senior member said on Sunday.
Published 13 Dec, 2010 12:00am
Germany open to EU fiscal union talks

Germany open to EU fiscal union talks

Germany is open to a discussion over whether countries that share the euro currency should harmonise their fiscal policy, German Finance Minister Wolfgang Schaeuble said. In an interview published on Sunday in Bild am Sonntag newspaper, Schaeuble said the
Published 13 Dec, 2010 12:00am
Australia unveils reforms to boost bank competition

Australia unveils reforms to boost bank competition

Australia's government unveiled reforms to boost bank competition on Sunday, allowing lenders to issue covered bonds for the first time and cracking down on interest rate signalling under a package designed to calm voter anger at rising mortgage interest
Published 13 Dec, 2010 12:00am
Indian economy growth exceeds expectations

Indian economy growth exceeds expectations

The Indian economy has grown at a rate above expectations and may touch an annualised 9 per cent in the current fiscal year, an economic advisor to the prime minister said Sunday.
Published 13 Dec, 2010 12:00am
Malaysia sees sharp FDI rebound in first nine months

Malaysia sees sharp FDI rebound in first nine months

Malaysia's foreign direct investment has jumped 141 percent in the first nine months, in a rebound analysts said Sunday was partly due a series of bold economic reforms introduced by the government. The export-dependent Southeast Asian nation saw a sharp
Published 13 Dec, 2010 12:00am
White House expects US Congress to pass tax deal

White House expects US Congress to pass tax deal

White House adviser David Axelrod said on Sunday he expected the US House of Representatives will pass President Barack Obama's tax deal without significant changes. The Senate was expected this week to approve the deal Obama cut with Republicans but many
Published 13 Dec, 2010 12:00am
Over 100,000 powerlooms remain closed on 4th day

Over 100,000 powerlooms remain closed on 4th day

After concluding the gas-shedding schedule, the hundred industrial units and more than 100,000 powerlooms were remained closed on fourth consecutive day, here on Sunday, when Sui Northern Gas Pipelines Limited (SNGPL) authorities decreased the gas pressur
Published 13 Dec, 2010 12:00am
MONEY WEEK: policy reforms imperative

MONEY WEEK: policy reforms imperative

With every passing day amid hindrance and lack of political economic will to bring fiscal reforms, the budget deficit seems to be widening and the lack of funding sources is making the government rely more and more on domestic banking sources, which is bu
Published 13 Dec, 2010 12:00am
MUET announcement

MUET announcement

It has been notified that few seats are still vacant under the 'self financing scheme' for the districts of Jamshoro, Tando Muhammad Khan, Matiari, Tando Allahyar, Dadu, Mirpurkhas, Thatta, Tharparkar, Umerkot, Sanghar, Badin, Sukkur, Kashmore, Shaheed Be
Published 13 Dec, 2010 12:00am