Former captain and Pakistan's cricket ambassador to China, Javed Miandad believes that if China becomes another venue for Pakistan's offshore international matches that will also help promote the game in that country. "At a time when cricket playing natio

Former captain Salman Butt insists a London ice-cream parlour could help clear him of 'spot-fixing' allegations made as part of the corruption scandal surrounding the Pakistan cricket team. Butt said thousands of pounds discovered in his London hotel room

Franz Beckenbauer, a member of FIFA's executive committee, said Tuesday he has lost some confidence in football's governing body after Russia and Qatar were awarded the 2018 and 2022 World Cups respectively. At the start of this month, Russia beat England

Rafael Nadal and Caroline Wozniacki are the International Tennis Federation's World Champions for 2010. It is the second time that Spaniard Nadal has taken the honour, while Wozniacki becomes the first Danish player to receive a senior ITF award.

Former Pakistan captain Salman Butt has filed a "comprehensive and hard-hitting" response to allegations of spot-fixing ahead of an International Cricket Council tribunal, his lawyer said Tuesday. The 26-year-old was provisionally suspended by the ICC alo

South African fast bowler Morne Morkel said on Tuesday he was looking forward to bowling against India's star-studded batting line-up on his home ground when the first Test starts at Centurion on Thursday. Morkel said he and new ball partner Dale Steyn ha

Struggling Osasuna won only their second point away from home all season as they stormed back to draw 3-3 against Valencia and put a dent in their rival's Champions League hopes on Monday. Valencia went into the game looking to close the gap on the top fo

Manchester United knocked Arsenal off the top of the Premier League as they stifled their title rivals' attacking flair with a 1-0 win thanks to Park Ji-sung's goal on Monday. United went ahead four minutes before halftime when South Korean midfielder Par

Two roadside bombs targeting Shia pilgrims in Iraq killed three people and wounded at least 32 others on Tuesday ahead of a Shia religious event, Interior Ministry and police sources said. One of the blasts struck a Shia procession in the Ghazaliya distri

As Turkey's stalled bid to join the EU club virtually grinds to a halt, Britain and allies Tuesday led a counter-charge to open the door to further expansion in the interests of added economic leverage. "We need to be bold, we need to be true to the visio

The president of Tajikistan kicked out Russian border guards from his former Soviet country because he discovered a Moscow plot to unseat him from power, a leaked US diplomatic cable showed Tuesday. Russian border guards completed their withdrawal from th

Italian Prime Minister Silvio Berlusconi on Tuesday survived a crucial no-confidence vote in parliament by three votes, as violent clashes broke out in the streets of Rome in protest against his rule. Berlusconi won with a razor-thin majority, with 314 la

A judge swore and stormed out of court on Tuesday when she was found guilty of failing to prevent her pet dog from attacking a neighbour. Beatrice Bolton, of Rothbury, Northumberland, who sits at Newcastle Crown Court, strode out of the courtroom, calling

A raging fire on Tuesday tore through a huge Bangladeshi garment factory that makes clothes for Western shops including Gap, killing at least 25 workers and injuring 100 more. Many of the dead were killed after they jumped from the building in a desperate

Richard Holbrooke was a colossus who brokered peace in flashpoints such as Bosnia, world leaders said, lauding the dogged negotiator who died in harness while working to end the Afghan conflict. US President Barack Obama led the tributes to the 69-year-ol

The UN Security Council will on Wednesday end a swathe of Saddam Hussein-era sanctions against Iraq in a sign of the changes in the country, diplomats said. US Vice President Joe Biden will chair a Security Council meeting that will lift the international

South Korea's army chief resigned Tuesday over a controversial property investment, at a time of high tensions with North Korea following its deadly artillery attack on a border island last month. The departure of General Hwang Eui-Don is a further blow t

South Korea said on Tuesday it suspects the North has been secretly enriching uranium at more locations besides its main nuclear site - which could mean it has more material for building nuclear bombs. South Korean Foreign Minister Kim Sung-hwan said he c

The US space agency's Voyager 1 spacecraft has reached the outer edge of the solar system where wind from the Sun is no longer blowing outward, but sideways, NASA said. The spacecraft was launched in 1977 and has since snapped images of Earth and other pl

Hamas would consider a "truce" with Israel, but will never recognise the Jewish state, senior leader Ismail Haniya said on Tuesday as thousands of Gazans celebrated the group's 23rd anniversary. Speaking before flag-waving Palestinians from across the Gaz

More than 30 people were feared dead after a minibus carrying guests back from a wedding party plunged into a reservoir Tuesday near the southern Indian city of Mysore, police said. Deputy commissioner of police Rajendra Prasad told AFP that the driver of

Palestinian leader Mahmud Abbas on Tuesday held inconclusive talks with George Mitchell, although the US Middle East envoy raised "ideas" for reviving peace negotiations with Israel. Mitchell returned to the region on Monday for the first time in months o

Pakistan People's Party (PPP) and Awami National Party (ANP) kept silent and did not give clear comments on quitting JUI-F as a coalition partner. When contacted, PPP Information Secretary Fauzia Wahab avoided any clear-cut statement on the recent politic

The Federal Board of Revenue has allowed Duties and Taxes Remission for Exports (DTRE) facility to the manufacturers-cum-exporters of ghee in the war affected areas of Khyber Pakhtoonkhwa (KP) and Balochistan. In this regard, the FBR has amended Customs R

A US drone strike in the south of Miranshah on Tuesday killed four militants, destroying their vehicle, local security officials said. The strike took place in Spalga village, 15 kilometres (nine miles) south of Miranshah, the main town of the North Wazir

In line with international best practices, and to promote liquidity in the capital market, the SECP has approved the regulations for market makers for the Karachi Stock Exchange. The market makers play an important role in the capital market by promoting

In exercise of the powers conferred by clause (1) of Article 54 of the Constitution of the Islamic Republic of Pakistan, the President has been pleased to summon the Majlis-e-Shoora (Parliament) in joint sitting in the Parliament Building, Islamabad Decem

Heavily armed militants attacked a paramilitary checkpoint in tribal area on the Afghan border, killing two soldiers and wounding six others, officials said Tuesday. The Frontier Corps (FC) said its troops were targeted in Mohmand district where a double

Lahore High Court Rawalpindi bench has directed Ministry of Labour and Manpower to take Pakistan Overseas Employment Promoters Association (Poepa) on board on the issue of raising fee on different accounts from overseas employment promoters.

Syed Mansoor Ali, Senior Joint Director Financial Monitoring Unit (FMU) of the State Bank of Pakistan hinted at the possibility of amendment to the Protection of Economic Reforms Act, 1992, making it mandatory for incoming and out-going international pass

"So the fight is on again?"

New York cotton futures soared to their 5.0 cent daily limit at Tuesday's open, playing catch-up to the overnight rally when it surged to levels unseen since November 10, as buyers continued betting that supplies would not be sufficient to meet demand in

Copper hit successive record highs on Monday, boosted by economic prospects for top consumer China, along with a dollar weakness and supply concerns that could propel prices even higher. In New York, copper for March delivery finished up 9.50 cents at $4.

Shanghai copper was steady after touching a one-month high on Tuesday. Shanghai's benchmark third month dipped 40 yuan to 68,440 yuan, having rallied to a one-month peak of 69,070 yuan earlier. By the close in Shanghai, trade in copper was a respectable 2

Copper hit a record high on Tuesday, as the metal's tight supply and robust demand fundamentals attracted fresh inflow from funds. Benchmark copper on the London Metal Exchange peaked for a second day, hitting $9,267.50. The metal used in power and constr

The most active rubber contract on the Tokyo Commodity Exchange briefly hit a another record around 400 yen a kg on Tuesday on persistent supply fears, but trading was thin ahead of the Federal Reserve's policy meeting. TOCOM's May rubber contract hit a

Oil edged higher on Tuesday, seesawing with the dollar and consolidating recent gains while awaiting results from the year's final Federal Reserve meeting and weekly oil inventory reports. Wall Street equities and the dollar received lift from news that U

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Tuesday's Rotterdam vegetable oil prices at 1700 GMT.

Malaysian palm oil futures hit more than two-and-a-half-year highs on Tuesday amid firmer soyaoil in China and worries over weaker production in the monsoon season, before paring some gains to settle 1 percent lower. "The market is down purely on profit-

Sugar and coffee futures surged Monday to their highest levels in a month due to a weak dollar, with raws boosted by lingering worries about how much sugar No 2 producer India will export. Cocoa was steady to slightly firmer, content to consolidate after

Soyabean futures on the Chicago Board of Trade rallied 2.3 percent on Monday following a two-day slide, climbing above $13 a bushel on chart-based buying and a drop in the US dollar index, traders said. Reports showing strength in China's economy helped l

Liffe March cocoa ended 45 pounds higher at 1,944 pounds a tonne on Tuesday. Market eyed growing tensions in top grower Ivory Coast with the party of presidential claimant Alassane Ouattara calling for mass street protests later this week. Liffe March whi

Gold rose toward $1,400 an ounce on Monday after a 2 percent decline last week, with investors buying bullion as the dollar weakened, China kept interest rates steady and a US tax cut extension loomed. Spot gold rose 1 percent to $1,396.87 an ounce at 2:4

Spot gold breached above the key $1,400 level for the first time in a week, riding on dollar weakness and buoyed by buying interest from China, but trading volumes remained thin ahead of the year end. Spot gold rose to a one-week high of $1,405.85 an ounc

Gold steadied on Tuesday after earlier rallying to its highest in a week as data showing US producer prices and retail sales rose slightly more than expected in November lifted the dollar into positive territory. Spot gold was bid at $1,393.01 an ounce at

Raw sugar rallied to a one-month high on technical buying early on Tuesday, while arabica coffee reversed early gains as the dollar strengthened, and cocoa was firm due to uncertainty over supplies from Ivory Coast. Raw sugar futures broke above 30 cents

Wheat futures on the Chicago Board of Trade fell more than 2 percent on Tuesday on technical selling, including profit-taking, and a firmer dollar that diminished US export prospects, traders said. Corn turned lower after rising to a one-month high spot p

Gold pared gains on Tuesday after earlier rallying to its highest in a week as data showing US producer prices and retail sales rose slightly more than expected in November lifted the dollar into positive territory. Spot gold was bid at $1,397.80 an ounce

My first interaction with late M A Zuberi was as a banker - on the roll of I.D.B.P., while he worked for Dawn. Our contacts were few but meaningful. He was a great help in travel of ICMAP to the position of a most prestigious body of accountants, acknowle

M A Zuberi's death is a big loss for world of journalism and the country. He was truly a pioneer of economic journalism in Pakistan and shall always be remembered in golden words. The commencement of Business Recorder has given new dimension to jou

Pakistan since its inception has a chequered history, as we failed to learn from history. Our leaders never read the saying of "CICERO" who said "to remain ignorant of what happened before, you were born is to remain always a child" how true is this sayin

Indonesia is one of the world's biggest producers - and consumers - of rice, but in the interests of public health and food sustainability the government has launched an ambitious drive to wean people off their beloved staple. For ordinary Indonesians lik

Tickers on different news channels were running fast at the bottom of the television screen. It was the evening before the next batch of WikiLeaks were due for publication. I made sure to buy The Guardian - one of five newspapers, publishing the documents

Speaking to business community in Karachi, Home Minister of Sindh Dr Zulfiqar Ali Mirza has announced formation of a "Bhatta Cell" to note down complaints from the business community about criminal elements involved in extortion. This entity will have to

Waqar Ahmed Khan, the Privatisation Minister, stated while on a visit to the United Kingdom that Pakistan was nearly ready to launch a privatisation programme aimed at bringing foreign management expertise and tap international markets to turn around its

The District Administrator Hyderabad, Aftab Ahmed Khatri has directed the management of the Wasa - HDA to utilise all options available and ensure that there should be no shortage of water supply during the annual closure of Kotri Barrage to be started fr

The Oil and Gas Development Company (OGDC) has flouted Public Procurement Regulatory Authority (PPRA) rules by accepting a bid for Jhal Magsi equipment procurement contract (EPC) after the deadline. Sources said OGDC accepted Preson Desscon International'

Century Paper and Board Mills Limited (Century Paper), a producer of packaging paperboard, has cut 11 days out of its monthly financial reporting time and now finishes the process three times faster with the Oraclee E-Business Suite Release 12 Century Pap

As death of US special representative for Afghanistan and Pakistan Richard Charles Albert Holbrooke is being mourned by world leaders, Foreign Minister Shah Mehmood Qureshi said that his sudden passing away left a huge 'vacuum'. Holbrooke, 69, died on Mon

Tribal Area Chamber of Commerce & Industry (TACCI) has demanded immediate halt to closure of National Power Control Centre (NPCC) to bring the industries of the tribal region out of the prevailing crisis. The demand was made by President, TACCI, Fayyaz Al

The teaching community of the public sector universities has rejected the passage of amendments in the University of Peshawar Act 1974 and vowed to launch a protest movement against the legislation. Addressing a news conference, Central President, Federat

Islamabad Police have nabbed 120 terrorists and their handlers during the year and foiled many terrorist plots planned for Federal Capital. This was stated by Kaleem Imam Inspector General of Police (IGP) here on Tuesday, adding that we are trying our lev

The Government of Japan has provided an additional fund of 4.68 millions dollars to United Nations Children's Fund (Unicef) to eradicate Polio from Pakistan in 2011. Japanese Ambassador to Pakistan Chihiro Atsumi stated here on Tuesday while signing an ag

The District Co-ordination Officer and Administrator Hyderabad. Aftab Ahmed Khatri has informed that data of 96,000 youths qualified in more than 360 different trades have been uploaded in the "Sindh Youth Employment Services (SYES)" portal of www.bbsydps

Pakistan Navy's Chief of Staff Vice Admiral Asif Sandila visited the Forward Operating Bases in the areas of Sir Creek, Shah Bunder and Chur Jamali on Tuesday. A Navy press release here said that the Admiral was given a detailed briefing on the issues in

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan Business and Investment Conference held in Dubai, with the joint collaboration of Punjab Board of Investment and Trade and Dubai Chambers of Commerce, will yield positive results and cem

Vice-Chancellor Punjab University Professor Dr Mujahid Kamran has stated that the administration is endeavouring to further improve existing facilities and infrastructure at varsity fish farm so that modern fisheries research facilities can be extended to

The trade and industry of Lahore has unanimously and categorically rejected the government's intention to impose Reformed General Sales Tax (RGST) in its existing format and formed a committee to identify lacunae in it. In a meeting chaired by the Lahore

Gas supply was restored partially to the textile industry by Sui Northern Gas Pipelines Ltd (SNGPL) after spreading panic by announcing gas suspension for indefinite period last Sunday. Textile industry sources said partial supply of gas was restored to t

Anti-Corruption Establishment has arrested a 'patwari' Sajjad red handed while taking bribe, and sent him to jail on judicial remand. The raid was conducted under the supervision of a magistrate in Kasur. Rasheed Ahmed, a resident of Gohr Hathar, a villag

Value added knitwear exporters all over the Punjab have condemned the gas load shedding for industry, fearing that as it would lead to unemployment and failure on export commitments from Pakistan. Chaudhry Salamat Ali, Chairman Pakistan Hosiery Manufactur

Business community has urged Punjab Chief Minister, Mian Mohammad Shahbaz Sharif to take up the matter of gas suspension to Punjab industries with Prime Minister, Syed Yousaf Raza Gilani and play his role to get this issue resolved, as industries in the p

The employees of the irrigation department government of the Punjab have expressed deep sorrow and grief on the sad demise of Chaudhry Muhammad Akbar Superintendent Engineer, Lower Bari Doaba Circle (LBDC), Sahiwal who died on 12 December. An official of

Punjab government has decided to disburse pension to retired government servants through their bank accounts on the pattern of serving employees. Orders have been issued to all accountants general to adopt the new procedure for payment of pension from Jan

The Human Rights Commission of Pakistan (HRCP) has expressed concerns on the killing of a human rights' defender and three journalists in the country in the last few days. A statement issued on Tuesday said, "HRCP is grieved on the deaths of three journal

Punjab Chief Minister Muhammad Shahbaz Sharif has said that his government is utilising all available resources for the rapid development of the province and provision of basic amenities to the masses and timely and transparent completion of development p

The Vice President of Saarc Chamber of Commerce and Industry and former FPCCI President, Iftikhar Ali Malik has feared that the highest-ever rate of inflation of 21.68 might give a reverse gear to all the measures aimed at wellbeing of masses. Saarc CCI V

Pakistan Cotton Ginners Association (PCGA) has said that the 79th General Body meeting of Pakistan Central Cotton Committee (PCCC) increased Cotton Cess to Rs 50 per bale from previously charged Rs 20 without consultation of ginners. Chairman of PCGA Maso

The Punjab government has announced two holidays on December 16 and 17, 2010 (Thursday and Friday) for observance of 9th and 10th Moharram-ul-Haram, 1432, A.H. on the occasion of Ashura.

The foundation stone-laying ceremony of an educational facility in the improvised hamlet of Goth Noor Muhammad, on the outskirts of Karachi was held on Tuesday. Chairman, Pakistan Poverty Alleviation Fund (PPAF), Hussain Dawood laid the foundation stone.

Professor Muneer Ahmad Rashid, who is currently serving as an HEC Foreign Faculty Professor at the National University of Sciences & Technology's Center for Advanced Mathematics and Physics, has been awarded the prestigious Pakistan Academy of Sciences Go

It is with pleasure to announce that the Chief Executive of KASB Funds Limited (the management company) on behalf of board of directors of the company, has declared second-interim dividend for the financial year at PKR 2.00 per unit (2.00percent of par va

It is with pleasure to announce that the Chief Executive of KASB Funds Limited (the management company) on behalf of board of directors of the company, has declared second-interim dividend for the financial year at PKR 2.00 per unit (2.00percent of par va

Sindh National Front (SNF) has criticised the recent statements of Pakistan People Party leaders including that of Ameen Lakho, in which they have demanded inclusion of Nawab Mumtaz Bhutto in the investigation of murder of Benazir Bhutto.

The wreckage of scores of submerged vessels on the seabed has virtually impeded progress on Pakistan Deep Water Container Port Terminal project, seaport sources said on Tuesday. "The wrecks of some 10 ships have settled on seabed for the last four decades

National University of Science and Technology (NUST-Business School) has won third 'Local Investment Research Challenge', hosted by CFA Pakistan, held in Karachi. According to a press release issued here on Tuesday, as many as seven leading business schoo

Multinet Pakistan (Private) Limited (Multinet), a regionally renowned data and voice communication provider, today announced that it has forged a strategic alliance with Telekom Malaysia Berhad (TM), Malaysia's leading Next Generation Network service prov

Euromonitor International, world's leading independent provider of business intelligence on industries, countries and consumers has again ranked Haier as the number one brand of major appliances in the world with 6.1 percent retail volume market share in

COMMECS Institute of Business and Emerging Sciences organised Inter-class Quiz Competition on Saturday December 11, 2010. Saeed Ahmed Saeed, Producer Current Affairs PTV, graced the occasion as the Chief Guest. Khalid Saleem, Member Managing Committee CIB

City District Government Karachi (CDGK) has finalised arrangements for Ashura, as control of surveillance cameras and other resources including ambulances with staff and the charge of Control Room in civic center and DCO Camp Office have been handed over

The cargo aircraft crashed on November 28 near Jinnah International Airport was not Russian. The Russian Consul General in Karachi Andrey Demidov on Tuesday while briefing a group of journalists said that a cargo plane 11-76 TD, belonged to the Georgian p

There will be a total lunar eclipse on December 21. This was announced by an official of the Pakistan Space and Upper Atmosphere Research Commission (Suparco) here on Tuesday. However, the lunar eclipse will not be visible from Pakistan, it was further st

Al Meezan Investment Management Ltd, the largest Shariah compliant asset management company in Pakistan has achieved another milestone of having Rs 25 billion assets under management. "In year 2003, when we launched our first open end fund - Meezan Islami

Visa Inc launched a global effort to reduce unnecessary storage of sensitive card information in merchant payment systems. Understanding the significant commitment by merchants to secure the payment system and to protect sensitive cardholder information f

Samsung Electronics, in collaboration with SOS Rural Support Programme (SOS RSP), has set up a modern school in Ladhayke Village in District Kasur to serve a vast rural area and uplift standard of education. Samsung Pakistan's Senior Manager, In Jae Lee i

An Islamabad police constable was killed and six others injured in a road mishap near Zia Masjid at Islamabad Highway on early Tuesday. The ill-fated constable Muhammad Arshad s/o Nasrullah Khan, who left home for duty at the Cabinet Division, met the tra

Federal Minister for Interior Rehman Malik paid a surprise visit to Koral Police Station in the Federal Capital and checked the record, management and situation of the lock up in the police station. The Minister said corruption would not be tolerated in a

The Anti-Money Laundering Act (AMLA) 2010 is a tool that can be used to discourage terrorism and to prevent terrorist activities, as money laundering is the lifeline for terrorists. There are loopholes in prosecution of money laundering cases, which helps

A woman was killed and five others were injured in a landmine explosion in Dera Bugti today, police said. Members of a family were in a pick-up in Dasht Goran area when their car hit a landmine placed by unidentified men in Dasht Goran area of Dera Bugti.