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Print - 2011-01-17
Qatar storm into Asian Cup quarter-finals

Qatar storm into Asian Cup quarter-finals

Qatar stormed into the Asian Cup quarter-finals for only the second time in their history on Sunday with a commanding 3-0 victory over Gulf champions Kuwait, who were eliminated from the tournament. They went through after Uzbekistan drew 2-2 with China t
Published 17 Jan, 2011 12:00am
Richardson named new West Indies team manager

Richardson named new West Indies team manager

Former international batsman Richie Richardson has been named the new West Indies team manager, the West Indies Cricket Board said on Saturday. Richardson, who played 86 test matches and 224 one-day internationals, scoring a total of 21 centuries, replace
Published 17 Jan, 2011 12:00am
Sell-out crowd for flood relief show

Sell-out crowd for flood relief show

Tennis's biggest names thrilled a sell-out crowd of 15,000 on Sunday in an entertaining "Rally for Relief" to raise money for Australia's devastating floods. Roger Federer and Rafael Nadal led a parade of leading men's and women's players for the comedy h
Published 17 Jan, 2011 12:00am
Toyota may shift to foreign production

Toyota may shift to foreign production

Toyota Motor will consider shifting factories overseas if the yen stays high and puts pressure on its profits, the company president said. "We do not wish to relocate production sites because of currencies and foreign exchange alone," Akio Toyoda said in
Published 17 Jan, 2011 12:00am
Mitsubishi to target Brazil, India

Mitsubishi to target Brazil, India

Mitsubishi Motors will streamline production in Japan, the United States and Europe while increasing output in emerging markets including Brazil and India, a report said on January 15. By redistributing resources, the automaker aims to lift global product
Published 17 Jan, 2011 12:00am
Japan banks pursue project finance deals, eye India

Japan banks pursue project finance deals, eye India

Japanese lenders like Mitsubishi UFJ Financial Group are aggressively pursuing project financing deals around the world, intensifying competition with traditional French rivals as well as local players in hot new markets like India.
Published 17 Jan, 2011 12:00am
Credit Suisse, Glencore aim to triple index investment

Credit Suisse, Glencore aim to triple index investment

Credit Suisse and Glencore are aiming to triple investment in their actively managed commodity index this year, leveraging the physical market knowledge of the world's largest commodity trader.
Published 17 Jan, 2011 12:00am
Qatar Islamic Bank eyes in Indonesia acquisitions

Qatar Islamic Bank eyes in Indonesia acquisitions

Qatar Islamic Bank is hunting for acquisition targets in Indonesia to strengthen its presence in Asia and tap demand for sharia banking products in the world's most populous Muslim nation, the head of its Malaysian unit said on January 12.
Published 17 Jan, 2011 12:00am
Canon says plans to buy back more shares

Canon says plans to buy back more shares

Camera and printer giant Canon Inc said it will buy back more shares this year if the price falls, in keeping with its strategy of having treasury stock on hand in case an attractive acquisition target comes along.
Published 17 Jan, 2011 12:00am
GM aims to produce 25,000 volt cars in 2011

GM aims to produce 25,000 volt cars in 2011

General Motors plans to build some 25,000 Chevrolet Volt cars this year to meet a strong demand for the plug-in electric vehicle, chairman and chief executive Dan Akerson said. "We have been pleased and a bit surprised with the initial demands, initial or
Published 17 Jan, 2011 12:00am
YouTube mobile video viewing tops 200 million per day

YouTube mobile video viewing tops 200 million per day

YouTube on January 12 said that it is serving up more than 200 million videos daily to smartphones and other Internet-linked mobile devices. News of the milestone came as the Google-owned video-sharing service began routing Vevo music videos from artists
Published 17 Jan, 2011 12:00am
Taiwan develops face-recognising vending machine

Taiwan develops face-recognising vending machine

A face-recognising vending machine developed in Taiwan is able to offer hair-growing tonic to balding men and razors to people with beards, one of the inventors said on January 14. The vending machine, from Taipei-based Innovative DigiTech-Enabled Applica
Published 17 Jan, 2011 12:00am
NTT Docomo, Dai Nippon launch e-book service

NTT Docomo, Dai Nippon launch e-book service

Japanese telecom giant NTT Docomo and publisher Dai Nippon Printing (DNP) on January 11 announced a joint e-book service to take advantage of a wave of launches of tablet computers and e-readers.
Published 17 Jan, 2011 12:00am
Beware of Kama Sutra virus

Beware of Kama Sutra virus

Sophos computer security firm on January 14 warned that hackers are spreading a nasty computer virus with a file promising a PowerPoint presentation of sexual positions from the Kama Sutra. "Be careful what you do with that mouse," Graham Cluley of Sophos
Published 17 Jan, 2011 12:00am
Motorola Xoom tablet crowned best CES gadget

Motorola Xoom tablet crowned best CES gadget

Motorola Mobility's Xoom tablet computer powered by new "Honeycomb" software from Google was crowned the best gadget at the giant Consumer Electronics Show (CES) on January 8. Along with being declared the top creation at the dazzling gadget extravaganza,
Published 17 Jan, 2011 12:00am
German firm develops Internet eraser for photos

German firm develops Internet eraser for photos

A German firm is poised to launch software allowing users to have photos uploaded to websites such as Facebook, MySpace and Flickr erased automatically after a certain time, its head said January 12. The software should prevent the increasingly frequent o
Published 17 Jan, 2011 12:00am
Apple's iPad enters Singapore classrooms

Apple's iPad enters Singapore classrooms

Four schools in Singapore, the wealthy city-state, have begun handing out Apple iPads to students, relieving them of the need to carry satchels full of bulging textbooks and notes.
Published 17 Jan, 2011 12:00am
Mobile application takes on India's cheating tuk-tuk drivers

Mobile application takes on India's cheating tuk-tuk drivers

It could spell the end for cheating auto-rickshaw drivers in India, the scourge of commuters and foreign tourists alike. An Indian company has developed a mobile phone application that allows consumers to calculate what fare they should pay for a journey
Published 17 Jan, 2011 12:00am
Mobile broadband users on track to surpass 1bn in 2011

Mobile broadband users on track to surpass 1bn in 2011

Mobile broadband subscriptions are on track to surpass one billion in 2011 only months after reaching half a billion, Ericsson said on January 11, highlighting a key growth driver for the telecom sector.
Published 17 Jan, 2011 12:00am
107 trillion emails sent last year: Pingdom

107 trillion emails sent last year: Pingdom

Internet users sent a total of 107 trillion emails last year, most of them spam, according to a Web monitoring service. The number of emails sent last year were among the facts and figures about the Internet gathered by Pingdom from various sources and pu
Published 17 Jan, 2011 12:00am
Paris police use Facebook for car crash witnesses

Paris police use Facebook for car crash witnesses

Internet-savvy police in Paris have started using social networks such as Facebook to appeal for witnesses to traffic accidents in a move some residents say smacks of Big Brother-style spying tactics.
Published 17 Jan, 2011 12:00am
Google turns Android smartphones into interpreters

Google turns Android smartphones into interpreters

Google on January 12 began turning Android-powered smartphones into interpreters with experimental software that lets the handsets translate conversations in real time. An in-the-works version of "Conversation Mode" was made available as the California-ba
Published 17 Jan, 2011 12:00am
Warming to devastate glaciers, Antarctic icesheet

Warming to devastate glaciers, Antarctic icesheet

Global warming may wipe out three-quarters of Europe's alpine glaciers by 2100 and hike sea levels by four metres (13 feet) by the year 3000 through melting the West Antarctic icesheet, two studies published on January 09 said.
Published 17 Jan, 2011 12:00am
Massive black hole discovered in nearby galaxy

Massive black hole discovered in nearby galaxy

US astronomers have discovered a huge black hole, a million times the mass of the sun, in a nearby galaxy - a finding that could help better understand the origins of the universe.
Published 17 Jan, 2011 12:00am
NASA spots tiny Earth-like planet

NASA spots tiny Earth-like planet

NASA has spotted a tiny, rocky planet about the size of Earth doing a speedy orbit of a star outside our solar system, but its scorching temperatures are too hot for life, the space agency said on January 10. The exoplanet, named Kepler-10b, is the smalle
Published 17 Jan, 2011 12:00am
2010 hottest year on Indian records

2010 hottest year on Indian records

India experienced its hottest year on record in 2010, the Indian Meteorological Department (IMD) said on January 14, blaming the rise in temperatures on global warming. India's mean annual temperature during 2010 was 0.93 degrees Celsius (33.6 Fahrenheit)
Published 17 Jan, 2011 12:00am
Drug-resistant malaria could spread fast

Drug-resistant malaria could spread fast

Drug-resistant malaria could spread from south-east Asia to Africa within months, putting millions of children's lives at risk, a leading expert warned on January 12.
Published 17 Jan, 2011 12:00am
Natural disasters killed 295,000 in 2010

Natural disasters killed 295,000 in 2010

The Haiti earthquake, floods in Pakistan and China helped make 2010 an exceptional year for natural disasters, killing 295,000 and costing 130 billion dollars, the world's top reinsurer said on January 10.
Published 17 Jan, 2011 12:00am
Swine flu survivors develop super flu antibodies

Swine flu survivors develop super flu antibodies

A study of antibodies from people infected with H1N1 swine flu adds proof that scientists are closing in on a "universal" flu shot that could neutralise many types of flu strains, including H1N1 swine flu and H5N1 bird flu, US researchers said.
Published 17 Jan, 2011 12:00am
Despite poor domestic business conditions, cotton market stays steady

Despite poor domestic business conditions, cotton market stays steady

Cotton crop is drawing closer to an end as about 90 percent of the expected amount of crop (10.24 million local weight bales) have already reached ginneries by the end of December month and by 15th January, 2011, total arrivals of seed-cotton equivalent o
Published 17 Jan, 2011 12:00am
Despite poor domestic business conditions, cotton market stays steady

Despite poor domestic business conditions, cotton market stays steady

Cotton crop is drawing closer to an end as about 90 percent of the expected amount of crop (10.24 million local weight bales) have already reached ginneries by the end of December month and by 15th January, 2011, total arrivals of seed-cotton equivalent o
Published 17 Jan, 2011 12:00am
MONEY WEEK: politics over Economics

MONEY WEEK: politics over Economics

The Economist terms the reversal of the fuel price hike as "Economic Blasphemy" while the Financial Times and the IMF communiqué have also been critical over this ad-hoc, impulsive decision. Yet, politics-over-economics seems to be the order of the day.
Published 17 Jan, 2011 12:00am
Two Nato vehicles torched

Two Nato vehicles torched

Unknown torched two Nato supply oil tankers in Surab Sunday. According to details, miscreants opened fire on two Nato oil tankers at Tariki area of Surab some 50 miles north of Khuzdar along RCD highway today. Tankers were destroyed in firing while oil wa
Published 17 Jan, 2011 12:00am
Karachi to have cold night today

Karachi to have cold night today

The Met Office has forecast fair weather with cold night in Karachi on Monday. The minimum temperature in the city is expected to be 07 to 09 degrees centigrade. Cold and dry weather would prevail over the region.
Published 17 Jan, 2011 12:00am
Two children injured in Quetta blast

Two children injured in Quetta blast

Two children were injured in an accidental explosion in Nawan Killi area of the city on Sunday. According to police, they were identified as Kamran, son of Sahib Khan Kakar and Rehmanullah, son of Haji Kabeer Kakar. They have been shifted to Civil Hospita
Published 17 Jan, 2011 12:00am
SSUET students bag top positions in declamation contest

SSUET students bag top positions in declamation contest

Students of Sir Syed University of Engineering and Technology (SSUET) bagged top positions at Allama Iqbal Shield declamation contest organised by Higher Education Commission. An announcement of the institution, here on Sunday, said that the event was org
Published 17 Jan, 2011 12:00am
New academic session at KU begins today

New academic session at KU begins today

The classes of the new academic session at Karachi University for year 2011 will begin from January 17 (today). A senior varsity official said that the session had commenced from Saturday. On the opening day, orientation sessions were conducted at the tea
Published 17 Jan, 2011 12:00am
Two MQM activists gunned down

Two MQM activists gunned down

Two MQM activists were gunned down by unidentified assailants in the remits of Risala Police Station, here on Sunday. A gang of armed men opened fire on Kashif, aged 30, and Jaffer, aged 35, near Nanankwara in Risala Police precincts. As a result, they su
Published 17 Jan, 2011 12:00am
Pillion riding banned during night hours

Pillion riding banned during night hours

The patrolling of law enforcing agencies will be boosted and pillion riding will be banned during night hours in sensitive areas of the metropolis in the wake of growing cases of targeted killings.
Published 17 Jan, 2011 12:00am
Three miscreants arrested

Three miscreants arrested

The security forces arrested three suspects during search and cordoned operation here Sunday and shifted them to undisclosed location for interrogation. Official sources said the security forces and Khasadar Force jointly took prompt action on a tip-off a
Published 17 Jan, 2011 12:00am
Slow achievement of TARP objectives: FBR asked to exlpain reasons

Slow achievement of TARP objectives: FBR asked to exlpain reasons

The Auditor-General of Pakistan has asked the Federal Board of Revenue (FBR) to explain reasons for slow achievements of the objectives of the Tax Administration Reform Project (TARP), a project launched in 2004 for reforming the FBR into a more efficient
Published 17 Jan, 2011 12:00am
Access to national database: FBR to sign agreement with Nadra

Access to national database: FBR to sign agreement with Nadra

The Federal Board of Revenue (FBR) is going to sign an agreement with Nadra to access national database for broadening of tax base. This was stated by FBR Chairman Salman Siddique during his brief visit to Recorder House along with Member Customs Munir Qu
Published 17 Jan, 2011 12:00am
Sheikh, KIA Chairman: discuss ways to enhance trade

Sheikh, KIA Chairman: discuss ways to enhance trade

Finance Minister Dr. Abdul Hafeez Sheikh met with Chairman of Kuwait Investment Authority (KIA) Bader Al-Sa'ad on Sunday to discuss bilateral trade and investment. They discussed ways to enhance diversified relations, specially the investment in Pakistan
Published 17 Jan, 2011 12:00am
Prime Minister for resolving issues through consensus, reconciliation

Prime Minister for resolving issues through consensus, reconciliation

Prime Minister, Syed Yousuf Raza Gilani has said that policy of reconciliation and consensus has played a pivotal role in sorting out major issues faced by the country. Policy of reconciliation should be pursued in letter and spirit in the days to come fo
Published 17 Jan, 2011 12:00am
Bank of Khyber declares profit rates

Bank of Khyber declares profit rates

The Bank of Khyber (BoK) (Conventional Branches Only) has declared profit rates on various PLS Deposits for the half year ended December 31, 2010 at the following rates from July 01, 2010 to December 31, 201.

Published 17 Jan, 2011 12:00am
Bank of Khyber declares profit rates

Bank of Khyber declares profit rates

The Bank of Khyber (BoK) (Conventional Branches Only) has declared profit rates on various PLS Deposits for the half year ended December 31, 2010 at the following rates from July 01, 2010 to December 31, 201.

Published 17 Jan, 2011 12:00am
Rising incidence of NPLs

Rising incidence of NPLs

The rising level of non-performing loans (NPLs) of financial institutions continues to be a great source of anxiety to the monetary authorities of Pakistan. According to a news item in Business Recorder of 13th January, 2011, NPLs of the banking sy
Published 17 Jan, 2011 12:00am
Task before Comstech

Task before Comstech

Amongst the world's universities, the three located in the Muslim countries - Al-Azhar in Egypt, Al-Karaouine in Morocco and Nizamiyya in Iran - stand out as the oldest and most distinguished. And, the world is still beholden to the pioneering works by Mu
Published 17 Jan, 2011 12:00am
Taseer's assassination

Taseer's assassination

Salmaan Taseer's murder has generated considerable debate in the country on how to deal with the rising power of the religious right that openly condones an individual felonious act. While the PPP has claimed its founder Zulfikar Ali Bhutto's death as jud
Published 17 Jan, 2011 12:00am
Nato forces withdrawal: Security imperil in Afghanistan

Nato forces withdrawal: Security imperil in Afghanistan

Is the fragile security of Afghanistan securing by the ill-equipped and untrained Afghan national security forces? Reinvigorating internal security of war-ravaged Afghanistan is top agenda of the US-led alliance countries.
Published 17 Jan, 2011 12:00am
Elections looming, Singapore aims to curb news website

Elections looming, Singapore aims to curb news website

With general elections likely to be called later this year, Singapore aims to curb a popular news website known for its critical stance on government policies. But on Friday the editors of The Online Citizen (TOC) urged Prime Minister Lee Hsien Loong to r
Published 17 Jan, 2011 12:00am
Interim technocratic setup

Interim technocratic setup

To acknowledge and say that Pakistan, today, is at the brink of disaster as an entity and its economy virtually on the verge of total collapse, would be an understatement of facts and reality. Give another two years to the present corrupt to the core ruli
Published 17 Jan, 2011 12:00am
Gilani for free, robust media

Gilani for free, robust media

Prime Minister Yousuf Raza Gilani has said that a free and robust media is the main pillar of government's media policy. "Free media is a deterrent against dictatorial and authoritarian tendencies," he said while talking to a group of journalists from ele
Published 17 Jan, 2011 12:00am
Revenue can be increased through fair tax administration: FTO

Revenue can be increased through fair tax administration: FTO

Federal Tax Ombudsman Dr. Shoaib Suddle has said that revenue collection can be increased through a good and fair tax administration and giving confidence to taxpayers. He was addressing the officers of Large Taxpayers Unit (LTU), Regional Tax Offices and
Published 17 Jan, 2011 12:00am
Fire erupts in commercial plaza

Fire erupts in commercial plaza

A fire broke out suddenly in the plaza building in the Blue area, commercial centre of capital territory on Sunday night. According to detail, the fire broke out suddenly at around 9 pm at the fourth floor of Beverly Centre adjacent to a PSO petrol statio
Published 17 Jan, 2011 12:00am
Construction of school: EDO Education suspended for inaction

Construction of school: EDO Education suspended for inaction

Punjab Chief Minister, Muhammad Shahbaz Sharif here on Sunday ordered immediate suspension of Executive District Officer Education (EDO Education), Dr. Muhammad Arshad and directed action against other officers for their failure to construct school or mak
Published 17 Jan, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 10 to 15, 2011)

Published 17 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (January 16, 2011) and the forecast for Monday (January 17, 2011).

Published 17 Jan, 2011 12:00am
Prime Minister for grand economic reconciliation

Prime Minister for grand economic reconciliation

Prime Minister Syed Yousuf Raza Gilani has said that a grand economic reconciliation is required for the collective good of the country. "All the political forces would be taken along on all economic issues, like the reformed general sales tax (RGST) and
Published 17 Jan, 2011 12:00am
Prime Minister for grand economic reconciliation

Prime Minister for grand economic reconciliation

Prime Minister Syed Yousuf Raza Gilani has said that a grand economic reconciliation is required for the collective good of the country. "All the political forces would be taken along on all economic issues, like the reformed general sales tax (RGST) and
Published 17 Jan, 2011 12:00am
Prime Minister for grand economic reconciliation

Prime Minister for grand economic reconciliation

Prime Minister Syed Yousuf Raza Gilani has said that a grand economic reconciliation is required for the collective good of the country. "All the political forces would be taken along on all economic issues, like the reformed general sales tax (RGST) and
Published 17 Jan, 2011 12:00am
THE RUPEE: sharp fall against euro

THE RUPEE: sharp fall against euro

The rupee depicted mixed pattern against dollar, while it lost steeply versus euro during the week ended on January 15, 2011. On the inter-bank, the rupee rose by 26 paisa in relation to dollar for buying at 85.48 while it also dropped 23 paisa for sellin
Published 17 Jan, 2011 12:00am
THE RUPEE: sharp fall against euro

THE RUPEE: sharp fall against euro

The rupee depicted mixed pattern against dollar, while it lost steeply versus euro during the week ended on January 15, 2011. On the inter-bank, the rupee rose by 26 paisa in relation to dollar for buying at 85.48 while it also dropped 23 paisa for sellin
Published 17 Jan, 2011 12:00am
Domestic debt crosses Rs five trillion mark

Domestic debt crosses Rs five trillion mark

The country's total stocks of domestic debt and liabilities crossed Rs 5 trillion mark for the first time due to significant rise in fiscal deficit and slow foreign inflows.
Published 17 Jan, 2011 12:00am
Domestic debt crosses Rs five trillion mark

Domestic debt crosses Rs five trillion mark

The country's total stocks of domestic debt and liabilities crossed Rs 5 trillion mark for the first time due to significant rise in fiscal deficit and slow foreign inflows.
Published 17 Jan, 2011 12:00am
Domestic debt crosses Rs five trillion mark

Domestic debt crosses Rs five trillion mark

The country''s total stocks of domestic debt and liabilities crossed Rs 5 trillion mark for the first time due to significant rise in fiscal deficit and slow foreign inflows.
Published 17 Jan, 2011 12:00am
3.5 percent WHT levy: Ginners decide to stop buying phutti

3.5 percent WHT levy: Ginners decide to stop buying phutti

The Pakistan Cotton Ginners Association (PCGA) has unanimously decided to stop buying phutti (seed-cotton) from Monday, January 17, 2011 as a protest against levy of 3.5 percent withholding tax on the purchase of raw material from middlemen.
Published 17 Jan, 2011 12:00am
3.5 percent WHT levy: Ginners decide to stop buying phutti

3.5 percent WHT levy: Ginners decide to stop buying phutti

The Pakistan Cotton Ginners Association (PCGA) has unanimously decided to stop buying phutti (seed-cotton) from Monday, January 17, 2011 as a protest against levy of 3.5 percent withholding tax on the purchase of raw material from middlemen.
Published 17 Jan, 2011 12:00am
3.5 percent WHT levy: Ginners decide to stop buying phutti

3.5 percent WHT levy: Ginners decide to stop buying phutti

The Pakistan Cotton Ginners Association (PCGA) has unanimously decided to stop buying phutti (seed-cotton) from Monday, January 17, 2011 as a protest against levy of 3.5 percent withholding tax on the purchase of raw material from middlemen.
Published 17 Jan, 2011 12:00am
Country in a state of financial emergency: FBR chief

Country in a state of financial emergency: FBR chief

Federal Board of Revenue (FBR) Chairman Salman Siddique has said that the government is facing serious financial crises and it is not in a position to give any industrial relief package. Speaking at a meeting of Karachi Chamber of Commerce and Industry (K
Published 17 Jan, 2011 12:00am
Country in a state of financial emergency: FBR chief

Country in a state of financial emergency: FBR chief

Federal Board of Revenue (FBR) Chairman Salman Siddique has said that the government is facing serious financial crises and it is not in a position to give any industrial relief package. Speaking at a meeting of Karachi Chamber of Commerce and Industry (K
Published 17 Jan, 2011 12:00am
Country in a state of financial emergency: FBR chief

Country in a state of financial emergency: FBR chief

Federal Board of Revenue (FBR) Chairman Salman Siddique has said that the government is facing serious financial crises and it is not in a position to give any industrial relief package. Speaking at a meeting of Karachi Chamber of Commerce and Industry (K
Published 17 Jan, 2011 12:00am
Share market turns bullish

Share market turns bullish

Bullish trend was observed at the share market during the week ended on January 15, 2011, and KSE-100 index surged by 144.50 points to close at 12,533.54 points. Trading also improved and the average daily volume at ready counter increased by 19.8 percent
Published 17 Jan, 2011 12:00am
Share market turns bullish

Share market turns bullish

Bullish trend was observed at the share market during the week ended on January 15, 2011, and KSE-100 index surged by 144.50 points to close at 12,533.54 points. Trading also improved and the average daily volume at ready counter increased by 19.8 percent
Published 17 Jan, 2011 12:00am
Share market turns bullish

Share market turns bullish

Bullish trend was observed at the share market during the week ended on January 15, 2011, and KSE-100 index surged by 144.50 points to close at 12,533.54 points. Trading also improved and the average daily volume at ready counter increased by 19.8 percent
Published 17 Jan, 2011 12:00am
18 percent rise in futures open interest

18 percent rise in futures open interest

Total open interest at the futures counter increased by 18 percent, to Rs 1.63 billion, during the week ended on January 15, 2011. The futures spreads also increased by 586bps to 8.75 percent. Trading at futures counter improved and average daily volume i
Published 17 Jan, 2011 12:00am
18 percent rise in futures open interest

18 percent rise in futures open interest

Total open interest at the futures counter increased by 18 percent, to Rs 1.63 billion, during the week ended on January 15, 2011. The futures spreads also increased by 586bps to 8.75 percent. Trading at futures counter improved and average daily volume i
Published 17 Jan, 2011 12:00am
18 percent rise in futures open interest

18 percent rise in futures open interest

Total open interest at the futures counter increased by 18 percent, to Rs 1.63 billion, during the week ended on January 15, 2011. The futures spreads also increased by 586bps to 8.75 percent. Trading at futures counter improved and average daily volume i
Published 17 Jan, 2011 12:00am
18 percent rise in futures open interest

18 percent rise in futures open interest

Total open interest at the futures counter increased by 18 percent, to Rs 1.63 billion, during the week ended on January 15, 2011. The futures spreads also increased by 586bps to 8.75 percent. Trading at futures counter improved and average daily volume i
Published 17 Jan, 2011 12:00am
Qamar to act as NBP President

Qamar to act as NBP President

The Ministry of Finance has announced the appointment of Qamar Hussain, Chief Operating Officer, NBP, as President, National Bank of Pakistan, on 'acting charge basis', with immediate effect, through a notification issued on Sunday. Qamar Hussain, prior t
Published 17 Jan, 2011 12:00am
Qamar to act as NBP President

Qamar to act as NBP President

The Ministry of Finance has announced the appointment of Qamar Hussain, Chief Operating Officer, NBP, as President, National Bank of Pakistan, on 'acting charge basis', with immediate effect, through a notification issued on Sunday. Qamar Hussain, prior t
Published 17 Jan, 2011 12:00am
Qamar to act as NBP President

Qamar to act as NBP President

The Ministry of Finance has announced the appointment of Qamar Hussain, Chief Operating Officer, NBP, as President, National Bank of Pakistan, on ''acting charge basis'', with immediate effect, through a notification issued on Sunday. Qamar Hussain, prior
Published 17 Jan, 2011 12:00am
Private schools: Regulatory Authority being set up for controlling fees

Private schools: Regulatory Authority being set up for controlling fees

Provincial Minister for Education Mian Mujtaba Shujaur Rehman has said that Regulatory Authority is being set up for controlling the fees of private schools for which legislation will soon be made. He was addressing the inaugural function of Victory Schoo
Published 17 Jan, 2011 12:00am
Pillion riding again banned in Karachi

Pillion riding again banned in Karachi

Complete ban has been imposed on pillion riding in Karachi from midnight Sunday for seven days, according to the notification issued by Sindh Home Department, Aaj News reported. Sindh Home Minister Zulfiqar Mirza said the ban on pillion riding has been im
Published 17 Jan, 2011 12:00am
Faisalabad city: total financial budget is Rs 1,5061 million: DCO

Faisalabad city: total financial budget is Rs 1,5061 million: DCO

District Co-ordination Officer, Faisalabad Naseem Sadiq has said that the total current financial budget of city district government is rupees 1,5061 million under which process of public service and development has continued. Funds of Rs.1.32 billion are
Published 17 Jan, 2011 12:00am
Musharraf says blasphemy law cannot be changed

Musharraf says blasphemy law cannot be changed

Former president Pervez Musharraf said on Sunday that Pakistan's blasphemy laws could not be changed, but that the man who killed the governor of Punjab province over his opposition to them must be punished. Musharraf described the MQM as "a good party" w
Published 17 Jan, 2011 12:00am
'994,648 patients treated in LGH in 2010'

'994,648 patients treated in LGH in 2010'

In order to provide better health facilities to every person the administration of Lahore General Hospital LGH) has converted it into patients' lover hospital.
Published 17 Jan, 2011 12:00am
Semi-curfew in some areas to check targeted killings: Malik

Semi-curfew in some areas to check targeted killings: Malik

'Semi-curfew' will be imposed in some areas of Karachi to check the growing menace of targeted killings, said Interior Minister Rehman Malik. Talking to the media persons before leaving for Islamabad at Quaid-e-Azam International Terminal here Sunday, he
Published 17 Jan, 2011 12:00am
Semi-curfew in some areas to check targeted killings: Malik

Semi-curfew in some areas to check targeted killings: Malik

'Semi-curfew' will be imposed in some areas of Karachi to check the growing menace of targeted killings, said Interior Minister Rehman Malik. Talking to the media persons before leaving for Islamabad at Quaid-e-Azam International Terminal here Sunday, he
Published 17 Jan, 2011 12:00am