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Print - 2011-01-15
Strong yen forces Daihatsu out of Europe

Strong yen forces Daihatsu out of Europe

Japanese automaker Daihatsu, a subsidiary of Toyota, on Friday said it would pull out of the European market within two years because of the strong yen cutting profits. The strength of the currency has made exporting vehicles from Japan to Europe nearly i
Published 15 Jan, 2011 12:00am
Myanmar planning large-scale privatisation

Myanmar planning large-scale privatisation

Myanmar could undergo a major economic upheaval following controversial elections last year, as local media reported the country plans to privatise most of its state-owned industries. Deputy minister of industry Khin Maung Kyaw was quoted in Biweekly Elev
Published 15 Jan, 2011 12:00am
Euro interbank rates rise

Euro interbank rates rise

Euro interbank lending rates rose on Friday after the European Central Bank indicated it could raise interest rates to contain inflation even while the region is gripped by a debt crisis. Eurozone inflation jumped last month to 2.2 percent, the first time
Published 15 Jan, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling hit a one-month high against the dollar on Friday on expectations UK interest rates could rise in coming months due to sticky inflation, a view bolstered by higher-than-expected producer prices. The pound also gained ground against the euro despi
Published 15 Jan, 2011 12:00am
Euro slips in Asia

Euro slips in Asia

The euro succumbed to light profit-taking on Friday, a day after staging its biggest surge in six months on solid debt sales by Spain and tough talk on inflation by the chief of the European Central Bank. Speculation that European policy-makers may top up
Published 15 Jan, 2011 12:00am
Euro, Aussie dip in London

Euro, Aussie dip in London

The euro fell back from one-month highs against the dollar and the Australian dollar dipped on Friday after China raised banks' reserve requirements by a further 50 basis points. China's tightening move, the fourth increase in reserve requirements in just
Published 15 Jan, 2011 12:00am
Midday trade in New York: Euro on pace for best week since mid-2009

Midday trade in New York: Euro on pace for best week since mid-2009

The euro headed for its best week in more than 1-1/2 years on Friday and could extend gains after a string of successful securities auctions by indebted eurozone nations calmed fears of the region's credit crisis. The euro earlier hit just above $1.3450,
Published 15 Jan, 2011 12:00am
Euro surges in New York

Euro surges in New York

The euro rose the most against the dollar in six months on Thursday and further gains were expected in the near term following solid Spanish and Portuguese debt auctions and after the head of the European Central Bank expressed concerns about inflation. A
Published 15 Jan, 2011 12:00am
Australian, New Zealand dollars fall

Australian, New Zealand dollars fall

The Australian dollar was trapped near a four-week low on the euro on Friday following a vicious offshore rally in the single currency which lifted it across the board. The euro hit hard the Aussie, with the single currency hovering around A$1.3386 on Fri
Published 15 Jan, 2011 12:00am
Swiss franc lower versus euro

Swiss franc lower versus euro

The Swiss franc extended losses against the euro on Friday, a day after its sharpest one-day fall against the single currency since September on hawkish European Central Bank comments and solid sales of Spanish debt. The franc dropped a further 0.4 percen
Published 15 Jan, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Friday as a sharp sell-off in domestic shares coupled with demand for the US unit to swap for euros after the single currency's global rally, weighed on the local unit. The partially convertible rupee closed at 45.37/38 per do
Published 15 Jan, 2011 12:00am
Yuan hits record high

Yuan hits record high

The yuan on Friday hit a record high as a global slide in the dollar consolidated optimism the yuan will continue appreciating in the coming days during Chinese President Hu Jintao's visit to Washington from January 18-20. The yuan hit an intraday high of
Published 15 Jan, 2011 12:00am
Rupiah near six-month low

Rupiah near six-month low

The Indonesian rupiah weakened within sight of six-month lows on Friday, dragged by falling offshore non-deliverable forwards and outflows from the local stock and bond markets. A sharp sell-off in stocks last week and rising yields in the bond market hav
Published 15 Jan, 2011 12:00am
Nadal test in bid for Grand Slam glory

Nadal test in bid for Grand Slam glory

World number one Rafael Nadal faces a likely Australian Open semi-final with Robin Soderling or Andy Murray as he bids to become the first man in 42 years to hold all four major titles simultaneously. Soderling and 2010 finalist Murray were placed in the
Published 15 Jan, 2011 12:00am
Simon to play Troicki in Sydney final

Simon to play Troicki in Sydney final

Serbia's Viktor Troicki will look to overturn a losing four-match run when he takes on Frenchman Gilles Simon in the final of the Sydney International on Saturday. Fourth seed Troicki has yet to take a set off Simon in their four meetings as he continues
Published 15 Jan, 2011 12:00am
Former World Cup referee admits drug smuggling

Former World Cup referee admits drug smuggling

Former World Cup referee Byron Moreno pleaded guilty Thursday to heroin smuggling charges, the US attorney's office said. Ecuador's Moreno, who is being held without bail, admitted one count of heroin smuggling, spokesman Robert Nardoza said, and faces mo
Published 15 Jan, 2011 12:00am
Li upsets Clijsters to take Sydney title

Li upsets Clijsters to take Sydney title

China's Li Na upset two-time champion Kim Clijsters on Friday to win the Sydney International title and her fourth career WTA crown. Eighth seed Li recovered from going behind 0-5 in the opening set to rally for a convincing 7-6 (7/3), 6-3 victory in 1hr
Published 15 Jan, 2011 12:00am
Batsmen need to back up bowlers: Vettori

Batsmen need to back up bowlers: Vettori

New Zealand captain Daniel Vettori has echoed coach John Wright and asked his batsmen to back up their bowlers if the home side have any chance of squaring the series against Pakistan when the second test begins at the Basin Reserve on Saturday.
Published 15 Jan, 2011 12:00am
Second Test today: Misbah hopes of improvement not series sweep

Second Test today: Misbah hopes of improvement not series sweep

Taking a 2-0 sweep of the Test series against New Zealand was not on the mind of Pakistan captain Misbah-ul-haq as his side made their final preparations for the second Test at the Basin Reserve on Friday. The tourists won the first Test in Hamilton by 10
Published 15 Jan, 2011 12:00am
SBP win

SBP win

The State Bank of Pakistan (SBP) on Friday won the first one day match against Karachi Zebras by 6 wickets. It was SBP's first one dayer played in a National One Day Cup 2011 tournament, organised by Pakistan Cricket Board. It may be mentioned here that K
Published 15 Jan, 2011 12:00am
PFA head felicitates Faisal Saleh Hayat

PFA head felicitates Faisal Saleh Hayat

President, Palestinian Football Association (PFA), Rajoub Jibril has congratulated President PFF, Makhdoom Syed Faisal Saleh Hayat for being elected as member of AFC Executive Committee during 24th Asian Football Confederation (AFC) Congress in Doha, Qata
Published 15 Jan, 2011 12:00am
Olympic Football Tournament: PFF okays 46 probables for youth team

Olympic Football Tournament: PFF okays 46 probables for youth team

Pakistan Football Federation (PFF)'s President Faisal Saleh Hayat has approved 46 players for the build-up matches for national youth soccer team to appear in the 2012 Olympic Football Asian Qualifying Tournament. The camp will be organised from 15th Janu
Published 15 Jan, 2011 12:00am
Australia, South Korea share spoils

Australia, South Korea share spoils

Australia and South Korea shared the spoils 1-1 in the battle of the big guns at the Asian Cup on Friday as both sides inched closer to the quarter-finals. The two Asian heavyweights are both seen as potential champions but neither could find the winner a
Published 15 Jan, 2011 12:00am
Bin Hammam rules out World Cup date change

Bin Hammam rules out World Cup date change

Asian football chief Mohamed Bin Hammam on Friday ruled out shifting the 2022 World Cup in Qatar to winter or staging tournament matches around the Gulf region. Bin Hammam told Sky News in an interview that he was "unimpressed" by suggestions from FIFA Pr
Published 15 Jan, 2011 12:00am
Australia end England's winning streak

Australia end England's winning streak

Australia finally had something to celebrate after recording an unlikely four-run win over England in the second Twenty20 international at the Melbourne Cricket Ground on Friday. After Australia battled to 147-7 thanks to an unbeaten half-century by secon
Published 15 Jan, 2011 12:00am
Ambani barred from investing in stock market

Ambani barred from investing in stock market

Indian billionaire Anil Ambani has been barred from investing in the stock market until December, authorities said Friday, in a settlement of a long-running regulatory inquiry into some of his companies. The settlement was agreed between Ambani, ranked as
Published 15 Jan, 2011 12:00am
Father of modern Chinese navy dies at 95

Father of modern Chinese navy dies at 95

Admiral Liu Huaqing, considered the father of the modern Chinese navy and a close confidant of Deng Xiaoping, died Friday at the age of 95, the official Xinhua news agency reported. Liu, who joined the Communist Party in 1935, reached the highest levels o
Published 15 Jan, 2011 12:00am
Israeli army to collect settler weapons

Israeli army to collect settler weapons

The Israeli army said on Friday it would begin collecting weapons from Jewish settlers across the West Bank, in a move it said was aimed at curbing weapons theft. The move was first reported in the top-selling Yediot Aharonot daily, which said the decisio
Published 15 Jan, 2011 12:00am
Sri Lanka president offers to share power with Tamils

Sri Lanka president offers to share power with Tamils

Sri Lanka's president offered to share power with minority Tamils Friday, nearly two years after his troops put down a separatist war by ethnic Tamil Tiger rebels. President Mahinda Rajapakse told foreign correspondents at his tightly guarded Temple Trees
Published 15 Jan, 2011 12:00am
Middle East impasse might hit funding: Norway

Middle East impasse might hit funding: Norway

European nations may consider halting critical aid to Palestinians living on Israeli-occupied land if stalled peace talks fail to get going again, Norway's foreign minister was quoted as saying on Friday. Europe has handed over an average 300 million euro
Published 15 Jan, 2011 12:00am
Erdogan asks Merkel to apologise for Cyprus remarks

Erdogan asks Merkel to apologise for Cyprus remarks

Turkish Prime Minister Tayyip Erdogan called on Friday for German Chancellor Angela Merkel to apologise after she blamed Turkish Cypriots for an impasse in reunification talks on the Mediterranean island of Cyprus. The division of Cyprus is a key obstacle
Published 15 Jan, 2011 12:00am
US arms treaty passes latest hurdle in Russia

US arms treaty passes latest hurdle in Russia

Russia's State Duma lower house of parliament on Friday passed in a second and penultimate reading the ratification bill for a landmark nuclear disarmament pact with the United States, A total of 349 deputies in the 450-strong Duma voted in favour of the
Published 15 Jan, 2011 12:00am
Taliban 'to allow girls education': minister

Taliban 'to allow girls education': minister

The Taliban is to drop its opposition to the education of girls in Afghanistan, the country's education minister has told British media. Farooq Wardak said in an interview with the TES (Times Education Supplement) that a "cultural change" meant the Taliba
Published 15 Jan, 2011 12:00am
UK election result cheers opposition

UK election result cheers opposition

Britain's opposition Labour Party comfortably won a by-election for a vacant parliamentary seat on Friday, a result Labour said sent a signal to the ruling coalition to rethink its austerity policies. The centre-left Liberal Democrats, whose popularity ha
Published 15 Jan, 2011 12:00am
Rescuers struggle as Brazil flood deaths top 500

Rescuers struggle as Brazil flood deaths top 500

Rescuers uncovered more corpses buried under mountains of mud and wrecked homes on Friday as the death toll from torrential rains and massive flooding topped 500, Brazil's deadliest natural disaster in four decades. Rivers of mud tore through towns this w
Published 15 Jan, 2011 12:00am
Smarter Somali pirates thwarting navies, Nato admits

Smarter Somali pirates thwarting navies, Nato admits

Somali pirates' use of "mother ships" to attack their prey is complicating foreign navies' efforts to improve safety in the Indian Ocean, a senior anti-piracy commander said Friday. Somalia's expanding army of pirates are increasingly launching their atta
Published 15 Jan, 2011 12:00am
46 pilgrims killed in south India stampede

46 pilgrims killed in south India stampede

At least 46 people have been killed and 90 injured in the southern Indian state of Kerala after a stampede at a religious festival triggered by a bus crash, NDTV television reported Friday. The accident happened on Friday evening in a remote mountainous a
Published 15 Jan, 2011 12:00am
North Korea to show good faith before new talks

North Korea to show good faith before new talks

Fresh nuclear disarmament talks with North Korea are still possible but only if the communist state ends "dangerous provocations" and shows good faith, US Defense Secretary Robert Gates said Friday. Gates, ending an Asian tour with a brief stopover in Seo
Published 15 Jan, 2011 12:00am
China's military advances challenge US power: Gates

China's military advances challenge US power: Gates

A US military presence in the Pacific is essential to restrain Chinese assertiveness, Washington's defence chief said on Friday, describing China's technology advances as a challenge to US forces in the region. US Defence Secretary Robert Gates' comments
Published 15 Jan, 2011 12:00am
New York cotton finishes lower

New York cotton finishes lower

US cotton futures settled lower on Friday on follow-through investor profit-taking and after No. 1 consumer China raised banks' reserve requirements which could cool growth and hit cotton demand, analysts said. The cotton market will be shut Monday to hon
Published 15 Jan, 2011 12:00am
US copper down

US copper down

Copper halted a two-day rally with a softer close on Thursday, as prices continued to dawdle beneath recent record peaks and investors priced in a potential dry-spell in Chinese purchases in the coming weeks. Since hitting historic peaks at $9,754 per ton
Published 15 Jan, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

Copper prices edged lower on Friday, as concerns over China's tightening monetary policy and lacklustre spot market continued to weigh on sentiment, with investors eyeing key inflation and industrial output data due next week. "The market is watching the
Published 15 Jan, 2011 12:00am
Copper edges up

Copper edges up

Copper edged up Friday, bouncing off the day's lows as the dollar weakened and investors digested mixed data from the world's biggest economy, while concerns about Chinese demand kept sentiment in check. Three-month copper on the London Metal Exchange clo
Published 15 Jan, 2011 12:00am
Brent hits 27-month high above $99 a barrel

Brent hits 27-month high above $99 a barrel

Brent crude oil rose to a 27-month peak above $99 a barrel on Friday, closing in on $100 ahead of the February contract's expiration and shrugging off China's move to lift lenders' reserve requirements that had weighed on US oil prices. ICE Brent futures
Published 15 Jan, 2011 12:00am
Tokyo rubber futures hit record high

Tokyo rubber futures hit record high

Key Tokyo rubber futures hit a record high for the third consecutive day on Friday bolstered by strong physical prices and supply concerns, though traders said the market was now likely to be sensitive to any bearish factors as it has cleared support at 4
Published 15 Jan, 2011 12:00am
New York sugar rises

New York sugar rises

Soft commodity futures were mixed Thursday in very modest business as players took a breather after the market rallied sharply earlier in the week, analysts said. US cocoa fell for the first time in five sessions, coffee rowed back after ending at a 13-1/
Published 15 Jan, 2011 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Malaysian palm oil futures fell on Friday, ahead of export data that may show an improvement in demand at a time when supplies are tightening. Vegetable oil supplies have been limited by heavy rains in palm oil-producing Indonesia and Malaysia and dry wea
Published 15 Jan, 2011 12:00am
US soyabeans up

US soyabeans up

Chicago Board of Trade soyabean futures closed mostly higher Thursday, but well below session highs after a wave of index fund re-balancing materialised late in the session, traders said. Floor sources said the latest round of re-balancing should conclude
Published 15 Jan, 2011 12:00am
Liffe sugar lower

Liffe sugar lower

Liffe March white sugar ended $14.40 lower at $773.00 per tonne on Friday. Market weighed partly by a slowdown in physical offtake while dealers continue to wait for clarity on the outlook for Indian exports. Liffe May cocoa closes 40 pounds higher at 2,0
Published 15 Jan, 2011 12:00am
US gold soars

US gold soars

US gold futures ended up on Thursday but off earlier-session peaks, as successful European bond sales and a more positive economic outlook by Federal Reserve Chairman Ben Bernanke lessened safe-haven buying. COMEX February gold futures settles up $1.2 at
Published 15 Jan, 2011 12:00am
Gold bounces in Asia

Gold bounces in Asia

Bullion rebounded on Friday as the euro lost strength despite better-than-forecast debt auctions by Spain and Italy, while purchases from jewellers and investors, which sent premiums for gold bars to two-year highs, offered additional support.
Published 15 Jan, 2011 12:00am
Gold slides in Europe

Gold slides in Europe

Gold fell more than 1 percent on Friday as the dollar briefly turned positive versus the euro, extending losses made after China earlier raised lenders' reserve requirements and as a lack of haven demand weighed. The metal had pared losses as the dollar l
Published 15 Jan, 2011 12:00am
US MIDDAY: sugar plunges

US MIDDAY: sugar plunges

ICE raw sugar futures fell rapidly on Friday before quickly regaining some ground with investor liquidation triggering automatic sell orders in choppy trading ahead of the long holiday weekend. Cocoa futures were slightly higher while arabica coffee suffe
Published 15 Jan, 2011 12:00am
US MIDDAY: grain futures tumble

US MIDDAY: grain futures tumble

Chicago Board of Trade grain futures were lower on Friday, with wheat leading the sell-off on profit-taking amid concerns that the early-week rally was overdone, traders said. Also pressuring prices were concerns that China might limit its purchases of co
Published 15 Jan, 2011 12:00am
US MIDDAY: gold falls one percent

US MIDDAY: gold falls one percent

Gold dropped 1 percent on Friday to post its biggest two-week loss in nearly a year, after China tightened bank reserves to rein in inflation and as safe-haven demand faded on a better economic outlook. Gold fell to a one-week low and hovered above its lo
Published 15 Jan, 2011 12:00am
Italy to provide 40 million Euro for poverty reduction: accord inked

Italy to provide 40 million Euro for poverty reduction: accord inked

Pakistan and Italy here on Friday signed an agreement to grant soft term loan of Euro 40 million for poverty reduction through rural development activities in Balochistan, Khyber-Pakhtunkhwa and Federally Administered Tribal Areas, as part of Tokyo pledge
Published 15 Jan, 2011 12:00am
Islamabad Police recommended for international award

Islamabad Police recommended for international award

International Association of Chiefs of Police (IACP), have recommended the Islamabad Police for 'Outstanding Achievement in the Prevention of Terrorism Award 2010' for its brilliant performance in war against terrorism.
Published 15 Jan, 2011 12:00am
Ufone, Nokia redefine access to Web

Ufone, Nokia redefine access to Web

The country's rapidly expanding telecom company Ufone and world renowned Nokia have announced the launch of "My First Mobile Internet Screen" initiative; a low priced Nokia Handset with lowest priced Internet service in Pakistan by Ufone that will empower
Published 15 Jan, 2011 12:00am
Nawaz condoles Minhaj Burna's death

Nawaz condoles Minhaj Burna's death

Pakistan Muslim League-N chief, Nawaz Sharif has expressed deep grief and sorrow over the death of veteran journalist Minhaj Burna. In a condolence message, Nawaz prayed for the departed soul to rest in peace and grant of courage to the bereaved family to
Published 15 Jan, 2011 12:00am
CDA directed to reclaim land occupied by Senator Nayyar Bukhari

CDA directed to reclaim land occupied by Senator Nayyar Bukhari

The Supreme Court on Friday issued directives to Capital Development Authority (CDA) to reclaim the land illegally occupied by top PPP Senator Syed Nayyar Hussain Bukhari. CDA Chairman Imtiaz Inayat Elahi submitted a report, which said that it has reclaim
Published 15 Jan, 2011 12:00am
Is PPP taking PML-N for a ride again?

Is PPP taking PML-N for a ride again?

In response to Nawaz Sharif's announcement of Contact Working Committee, PM Gilani has also made a similar committee. From the PML-N side, the members include Ishaq Dar, Pervez Rashid, Mehtab Khan Abbasi and Lieutenant General Qadir Baluch (Retd) with no
Published 15 Jan, 2011 12:00am
Phone signals back on round the clock in Afghan north

Phone signals back on round the clock in Afghan north

With the Taliban forced out of their main redoubts in the northern Afghan province of Kunduz, mobile phone signals have been on all night for the first time in nearly a year. Around eight months ago Taliban militants ordered phone operators to shut down t
Published 15 Jan, 2011 12:00am
Building political bonhomie

Building political bonhomie

Democracy, due to its flexibility, prowess to absorb political shocks and ability to unshackle the productive energies of a nation is universally regarded as the best system of governance. The maxim that the worst form of democracy is better than a benign
Published 15 Jan, 2011 12:00am
Food inflation

Food inflation

The way things are being dealt with in any economy this aspect of the economy is not within the control of any government, be it developed or developing, be it the US or be it the small country of Haiti. What then are the considerations that impinge on th
Published 15 Jan, 2011 12:00am
Supreme Court verdict assumes significance

Supreme Court verdict assumes significance

Over the years, political parties enjoying majority in National Assembly but lacking a clear majority in the Senate have misused the broad provisions of the Money Bill defined in the constitution to obtain legislative sanction for new or exiting laws on t
Published 15 Jan, 2011 12:00am
The terms of reference for the Finance Minister

The terms of reference for the Finance Minister

The latest statistics released by the Federal Bureau of Statistics merely reconfirm the general perception that inflationary pressures have strengthened: Consumer Price Index soared to 15.68 percent in December 2010, the highest in 12 months. Wholesale Pr
Published 15 Jan, 2011 12:00am
ICMAP announces Fall (winter) 2010 results

ICMAP announces Fall (winter) 2010 results

The results for Fall (winter) 2010 examinations were declared by the National Council of the Institute of Cost and Management Accountants of Pakistan (ICMAP) here on Friday. Gold medals were awarded to Ms Aisha Zaman and Ms Amna Arshad. Billimoria gold me
Published 15 Jan, 2011 12:00am
RDBA elections today

RDBA elections today

Rawalpindi District Bar Association (RDBA) elections will be held on January 15 (Saturday). The polling will be started at 9am and continue till 4pm. Malik Jawad Khalid advocate, Raja Ihsan Aziz advocate are contesting for the slot of president. Raja Azka
Published 15 Jan, 2011 12:00am
Arms licenses: Nadra begins processing of 7,100 pending applications

Arms licenses: Nadra begins processing of 7,100 pending applications

National Database and Registration Authority (Nadra) has begun processing 7100 pending applications for arms licenses after thorough checking, well placed sources in NADRA revealed to Business Recorder on Friday. The formal inauguration of the cent
Published 15 Jan, 2011 12:00am
Timelenders, ADGAS sign training contract

Timelenders, ADGAS sign training contract

Leading Pakistan and UAE based training and development organisation Timelenders signed a two year training contract with UAE's natural and petroleum gas operator ADGAS (Abu Dhabi Gas Liquefaction Company) in Abu Dhabi, on Thursday.
Published 15 Jan, 2011 12:00am
'Gutka' declared as highly smuggling-prone item

'Gutka' declared as highly smuggling-prone item

The government has declared 'Gutka' (all brands and origin) as highly smuggling-prone items liable to strict prosecution on confiscation under the Customs Act, 1969. In this connection, the FBR has amended SRO 566(I)/2006 through SRO.36(I)/2011 issued her
Published 15 Jan, 2011 12:00am
'Gutka' declared as highly smuggling-prone item

'Gutka' declared as highly smuggling-prone item

The government has declared 'Gutka' (all brands and origin) as highly smuggling-prone items liable to strict prosecution on confiscation under the Customs Act, 1969. In this connection, the FBR has amended SRO 566(I)/2006 through SRO.36(I)/2011 issued her
Published 15 Jan, 2011 12:00am
Disciplined traffic system in capital reduces accidents ratio

Disciplined traffic system in capital reduces accidents ratio

Personnel of Islamabad Traffic Police (ITP) have established a disciplined traffic system in the capital, which helped to reduce ratio of accidents, said Mir Vaiz Niaz Superintendent of Police (SP) Traffic here on Friday. Pedestrians have the first right
Published 15 Jan, 2011 12:00am
AJK President meets Chairman ERRA

AJK President meets Chairman ERRA

President Azad Jammu Kashmir (AJK) Raja Zulqurnain Khan met Deputy Chairman ERRA Lieutenant General Haroon Aslam here on Friday and discussed the progress of on-going projects in Kashmir.
Published 15 Jan, 2011 12:00am
Flood relief: sixth Saudi convoy to arrive on January 17

Flood relief: sixth Saudi convoy to arrive on January 17

The Royal Embassy of Saudi Arabia in Islamabad has the pleasure to announce that under the directives of King Abdullah Bin Abdul Aziz and the direct supervision of Prince Naif Bin Abdul Aziz, Deputy Prime Minister, Minister of Interior and General Supervi
Published 15 Jan, 2011 12:00am
Benazir murder case: FIA gets eight-day remand of Saud Aziz, Shahzad

Benazir murder case: FIA gets eight-day remand of Saud Aziz, Shahzad

The Anti-Terrorism Court (ATC) awarded eight-day physical remand of former City Police Officer (CPO), Rawalpindi Saud Aziz and former Superintendent of Police (SP), Rawal Town, Khurram Shahzad to Federal Investigation Agency (FIA) in Benazir Bhutto's murd
Published 15 Jan, 2011 12:00am
Symbol of commitment

Symbol of commitment

Before the daybreak today I had to wake up to receive a heart breaking call from Meraj Muhammad Khan. He informed me that Burna Bhai is no longer in this world and that he was leaving for Rawalpindi to be with Minhaj Burna for the last time.
Published 15 Jan, 2011 12:00am
Panel to look into MPAs' attendance issue

Panel to look into MPAs' attendance issue

Punjab Assembly Speaker Muhammad Iqbal on Friday formed a committee to look into the matter of attendance of the legislators in the house. Law Minister Sanaullah stated that attendance in the House was being recorded on the pattern of National Assembly. H
Published 15 Jan, 2011 12:00am
FBR web portal: taxpayers face problems in filing tax returns

FBR web portal: taxpayers face problems in filing tax returns

Taxpayers are facing immense difficulties in e-filing of Income Tax returns through the web portal of Federal Board of Revenue (FBR). According to Income Tax Bar Association (ITBA), the filing of return was now become impracticable for taxpayers because o
Published 15 Jan, 2011 12:00am
NML to divest 10 percent stake in Pakgen at Rs 19 per share

NML to divest 10 percent stake in Pakgen at Rs 19 per share

Nishat Mills Limited (NML) has decided the offer price of Rs 19 per share for divestment of its 10 percent holding in Pakgen Power. As of June 30, 2010, NML holds 119.1 million shares (or a 32 percent stake) of Pakgen at Rs 13.9 per share. "As per our est
Published 15 Jan, 2011 12:00am
NML to divest 10 percent stake in Pakgen at Rs 19 per share

NML to divest 10 percent stake in Pakgen at Rs 19 per share

Nishat Mills Limited (NML) has decided the offer price of Rs 19 per share for divestment of its 10 percent holding in Pakgen Power. As of June 30, 2010, NML holds 119.1 million shares (or a 32 percent stake) of Pakgen at Rs 13.9 per share. "As per our est
Published 15 Jan, 2011 12:00am
PIA's first flight to Zahidan today

PIA's first flight to Zahidan today

Pakistan International Airline (PIA)'s first flight for Iranian city Zahidan will take off from here today (Saturday). The inaugural ceremony in this connection is being held at CIP lounge, PIA on the same day, which will be attended by the Iranian Ambass
Published 15 Jan, 2011 12:00am
A daring leader

A daring leader

The firm feet on which we see the fourth state standing today owe the strength to the long, brave, untiring and selfless struggle of journalists which was led by Minhaj Barna who through most difficult years of Pakistan's history worked relentlessly for i
Published 15 Jan, 2011 12:00am
National Assembly panel critical of insurance companies' working

National Assembly panel critical of insurance companies' working

The National Assembly Standing Committee on Human Rights on Friday expressed concern over the performance of insurance companies and directed them to ensure implementation on Insurance Ordinance, 2000 in letter and spirit. Chaired by its chairman, Riaz Fa
Published 15 Jan, 2011 12:00am
Pakistan must be part of solution in Afghanistan: envoy

Pakistan must be part of solution in Afghanistan: envoy

A senior Pakistani diplomat said on Friday that Pakistan must be part of attempts to forge a political solution in Afghanistan rather than simply be urged to kill extremists on its territory. His comments came about a month after US President Barack Obama
Published 15 Jan, 2011 12:00am
One killed in road mishap

One killed in road mishap

A fast driven vehicle hit a passer-by at 7th Avenue on Friday, and killed him on the spot, whereas the driver managed to escape. Muhammad Ishtiaq son of Abdul Qayyum was crossing 7th Avenue when a vehicle bearing registration no GU-622 hit him, the spokes
Published 15 Jan, 2011 12:00am
Non-Muslim countries hold $580 million Halal food market

Non-Muslim countries hold $580 million Halal food market

Halal food market of $580 million is in the hands of non-Muslims as they cater to the needs of 2 billion Muslim consumers around the world. Pakistan needs to harness the potential of exporting Halal food to Muslim consumers as in the United States out of
Published 15 Jan, 2011 12:00am
Book accuses US, Swiss of nuclear cover-up

Book accuses US, Swiss of nuclear cover-up

The CIA persuaded Switzerland to destroy millions of pages of evidence showing how a Pakistani scientist helped Iran, Libya and North Korea acquire sensitive nuclear technology, according to a new book. "Fallout" by Americans Catherine Collins and Douglas
Published 15 Jan, 2011 12:00am
PCGA meeting to discuss strategy against tax raise

PCGA meeting to discuss strategy against tax raise

The Pakistan Cotton Ginners Association (PCGA) will hold a meeting on January 16 to discuss the recent increase in income tax and to decide its next strategy. PCGA member and vice chairman of its north zone body Shehzad Khan told newsmen on Friday that th
Published 15 Jan, 2011 12:00am
IYC celebrations at GCU kick off

IYC celebrations at GCU kick off

Government College University, Lahore has kicked off celebrations for International Year of Chemistry (IYC) with a research exhibition on the theme of "Chemistry - our life, our future".
Published 15 Jan, 2011 12:00am
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