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Print - 2011-02-02
India vows action on Commonwealth Games broadcast 'corruption'

India vows action on Commonwealth Games broadcast 'corruption'

India's prime minister on Tuesday vowed "stern action" over claims of corruption in the awarding of the New Delhi Commonwealth Games television contract to a Britain-based broadcast firm. Prime Minister Manmohan Singh issued the warning to Indian official
Published 02 Feb, 2011 12:00am
Delhi Games and vendors step up dispute over payment

Delhi Games and vendors step up dispute over payment

Organisers of last year's Delhi Commonwealth Games have withheld payment to nine foreign companies for "non-performance" but one of them said on Tuesday it would sue over non-payment. Organisers said 45 foreign vendors were contracted for the controversy-
Published 02 Feb, 2011 12:00am
Kim wins second gold at Asian Games

Kim wins second gold at Asian Games

South Korean alpine skier Kim Sun Joo won her second gold medal at the Asian Winter Games here on Tuesday finishing with a time of one minute 10.83sec in the women's Super-G event. "I'm pleased with my performance here both today and overall so far," the
Published 02 Feb, 2011 12:00am
World Cup 'power riots' worry Dhaka

World Cup 'power riots' worry Dhaka

Bangladesh has ordered electricity companies to show World Cup cricket matches on generator-powered public screens in a bid to prevent protests by irate fans if power cuts disrupt TV broadcasts. Cricket-mad Bangladesh is a co-host of the World Cup, which
Published 02 Feb, 2011 12:00am
Devvarman serves warning in South Africa

Devvarman serves warning in South Africa

Commonwealth Games and Asian Games tennis champion Somdev Devvarman of India broke serve three times to overcome local Raven Klaasen 6-4, 6-3 Monday in a South African Open first-round clash. German Simon Greul and South African Rik de Voest were other wi
Published 02 Feb, 2011 12:00am
Misbah shines as Pakistan beat New Zealand

Misbah shines as Pakistan beat New Zealand

An unbeaten 93 by Misbah-ul-Haq paved the way for a narrow two-wicket Pakistan victory over New Zealand with an over to spare in the fourth one-day international Tuesday. The win put Pakistan 2-1 up in the six-match series with one game abandoned as both
Published 02 Feb, 2011 12:00am
India can cope with expectation at World Cup: Dhoni

India can cope with expectation at World Cup: Dhoni

India captain Mahendra Singh Dhoni believes his players will cope with the expectation of being co-hosts and favourites at the World Cup, saying they have "changed the meaning of pressure into responsibility." India has previously co-hosted the tournament
Published 02 Feb, 2011 12:00am
Malaysia cannot find players, pulls out of Fed Cup

Malaysia cannot find players, pulls out of Fed Cup

Malaysia has pulled out of this week's Fed Cup women's team tennis event after failing to find any players good enough to compete, an official of the Southeast Asian nation's tennis body said on Tuesday. The Lawn Tennis Association of Malaysia (LTAM) said
Published 02 Feb, 2011 12:00am
PFF courses become part of National U-13 Festival of Football

PFF courses become part of National U-13 Festival of Football

Two editions of PFF Grass Root Referees Course slated to run at Karachi and Islamabad from 2-7 February 2011 will now become part of 13th National U-13 Festival of Football in second week of February 2010. PFF will organise six-day courses in the province
Published 02 Feb, 2011 12:00am
Zaheer says Misbah must be named captain

Zaheer says Misbah must be named captain

Pakistan beats New Zealand by two wickets in the fourth ODI at McLean Park, Napier Tuesday with an outstanding performance by Misbah-ul-Haq's 93 not out from 91 balls, his highest score in One-Day Internationals. Pakistan has claimed a 2-1 series lead ove
Published 02 Feb, 2011 12:00am
Australia evacuates coastal cities as cyclone nears

Australia evacuates coastal cities as cyclone nears

Australia evacuated thousands of people from its north-east coast on Tuesday as a cyclone rivalling Hurricane Katrina bore down on tourism towns and rural communities, with officials saying it could even treaten areas deep inland that were ruined by flood
Published 02 Feb, 2011 12:00am
14 'roof-riders' die in Indian train accident

14 'roof-riders' die in Indian train accident

At least 14 people travelling on the roof of a packed train in northern India were swept to their deaths on Tuesday after hitting a bridge, railway and hospital officials said. The victims were mostly men returning from an recruitment drive for the Indo-T
Published 02 Feb, 2011 12:00am
Mammoth snow storm pounds central US

Mammoth snow storm pounds central US

A massive winter storm dumped snow, ice and sleet across a huge swathe of the US Tuesday, grounding thousands of flights, and bringing a wintry blast to 100 million people, or a third of the country. Schools and government offices were closed as officials
Published 02 Feb, 2011 12:00am
Ireland calls election for February 25

Ireland calls election for February 25

Ireland's government Tuesday called a general election for February 25, expected to see it become the first administration ousted as a result of the eurozone debt crisis. Prime Minister Brian Cowen and President Mary McAleese signed the proclamation disso
Published 02 Feb, 2011 12:00am
Palestinians to hold municipal elections

Palestinians to hold municipal elections

The Palestinian government in the West Bank says it will hold local council elections ``as soon as possible.' The move appears to be a response to unrest in Egypt, where demonstrators have staged days of rallies against the authoritarian government. The P
Published 02 Feb, 2011 12:00am
Palestinians urge Quartet to back their state

Palestinians urge Quartet to back their state

Chief Palestinian negotiator Saeb Erakat urged the Middle East Quartet on Tuesday to recognise a Palestinian state within 1967 borders when it meets later this week. "We call on the international Quartet take an historic decision to recognise the state of
Published 02 Feb, 2011 12:00am
US warns Wall Street of terror threat: report

US warns Wall Street of terror threat: report

US officials have warned the leaders of Wall Street banks that the firms and their executives may be the targets of al Qaeda plots, the NBC network reported Tuesday. NBC's New York affiliate said that intelligence officials are worried that al Qaeda opera
Published 02 Feb, 2011 12:00am
US sanctions Iranian, Turkish firms for missile aid

US sanctions Iranian, Turkish firms for missile aid

The US Treasury said on Tuesday it blacklisted six individuals and five business entities in Iran and Turkey for providing materials and support to Iran's ballistic missile development efforts. The Treasury said the sanctions target a procurement network
Published 02 Feb, 2011 12:00am
Bill Gates urges renewed polio effort

Bill Gates urges renewed polio effort

Microsoft co-founder turned philanthropist Bill Gates called Monday for a renewed global effort to wipe out polio, warning that a resurgence of the disease could cripple and kill thousands. "Eradicating polio is not something we can hesitate over now and
Published 02 Feb, 2011 12:00am
Iran's parliament ousts Ahmadinejad's ally

Iran's parliament ousts Ahmadinejad's ally

President Mahmoud Ahmadinejad faced another sharp rebuke from opponents in parliament Tuesday as lawmakers dismissed his transportation minister in the wake of several deadly plane crashes in the country. The vote highlights the growing political fissures
Published 02 Feb, 2011 12:00am
US to prosecute soldier on Afghan murder count

US to prosecute soldier on Afghan murder count

The Army will try in military court one of five soldiers accused of killing civilians in Afghanistan for sport, it said Monday, despite an investigator's recommendation to drop the murder and conspiracy charges.
Published 02 Feb, 2011 12:00am
Ireland expels Russian diplomat

Ireland expels Russian diplomat

Ireland has asked a Russian diplomat to leave the country after a police investigation showed that Russia's intelligence services had forged Irish passports for use by a US-based spy ring. "The activities of Russian intelligence services in connection wit
Published 02 Feb, 2011 12:00am
New York cotton ends sharply up

New York cotton ends sharply up

US cotton futures settled higher on Tuesday for the second day running on speculative buying inspired in part by stronger Chinese prices, with no sign speculative bulls are done rallying fibre contracts. Cotton futures had risen over 22 percent in a fresh
Published 02 Feb, 2011 12:00am
US copper surges

US copper surges

Copper surged to a new record high in London on Monday, as investors brushed aside escalating tensions in Egypt, and instead, focused on robust demand prospects in the United States and China - the world's top two consumers. COMEX copper for March deliver
Published 02 Feb, 2011 12:00am
Shanghai copper hits nearly four-year high

Shanghai copper hits nearly four-year high

London copper rallied to a record $9,860 a tonne on Tuesday, tin also rose to an unprecedented $30,400 a tonne, while Shanghai copper hit its highest in nearly four years supported by positive Chinese purchase manager data and healthy US factory activity.
Published 02 Feb, 2011 12:00am
Copper ends near $10,000 per tonne in London

Copper ends near $10,000 per tonne in London

Copper hit a record high on Tuesday nearing $10,000 a tonne, buoyed by positive US economic data as well as supply concerns, while a weaker dollar underpinned its advance. Three-month copper on the London Metal Exchange closed at $9,945 a tonne from $9,74
Published 02 Feb, 2011 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Key Tokyo rubber futures edged up on Tuesday but the firming of the yen and a dip in oil prices later in the session capped gains, while trading activity also slowed ahead of China's week-long New Year holidays. The benchmark rubber contract on the Tokyo
Published 02 Feb, 2011 12:00am
New York Cocoa soars, sugar lower

New York Cocoa soars, sugar lower

Arabica coffee futures reversed course and settled lower on Monday after soaring to a 13-1/2 year peak, while US cocoa made its biggest monthly gains in nearly 1-1/2 years due to an ongoing export ban in top grower Ivory Coast.
Published 02 Feb, 2011 12:00am
Malaysian floods stir food price fear: refiners take Indonesian palm oil

Malaysian floods stir food price fear: refiners take Indonesian palm oil

Malaysian refiners snapped up more Indonesian crude palm oil to meet orders globally after floods in a key growing area submerged estates and cut off roads, adding to Asia's escalating food costs. Malaysia's worst flood in four years may force big Asian b
Published 02 Feb, 2011 12:00am
US soyabean ends up

US soyabean ends up

Soyabean futures on the Chicago Board of Trade closed 1 percent higher on Monday on concerns about a port strike in Argentina, along with spillover strength from corn, wheat and crude oil, traders said. CBOT March soyabean settled up 15 cents at $14.13 pe
Published 02 Feb, 2011 12:00am
Liffe robusta at new 2-1/4-year peak

Liffe robusta at new 2-1/4-year peak

Liffe May robusta coffee ends $47 up at $2,258 a tonne after touching $2,261 a tonne, the highest for the second month contract since September 2008. Dealers say the contract was boosted by technical trading after breaking through contract highs in the pr
Published 02 Feb, 2011 12:00am
Brent hits $102 on Egypt concern

Brent hits $102 on Egypt concern

Brent oil prices rose on Tuesday, pushing above $102 a barrel as disruptions at Egyptian ports and Jordan''s government shake up kept concerns about unrest in the region and the potential for oil supply interruptions in focus. US crude prices fell in chop
Published 02 Feb, 2011 12:00am
Brent hits $102 on Egypt concern

Brent hits $102 on Egypt concern

Brent oil prices rose on Tuesday, pushing above $102 a barrel as disruptions at Egyptian ports and Jordan's government shake up kept concerns about unrest in the region and the potential for oil supply interruptions in focus. US crude prices fell in chopp
Published 02 Feb, 2011 12:00am
Brent hits $102 on Egypt concern

Brent hits $102 on Egypt concern

Brent oil prices rose on Tuesday, pushing above $102 a barrel as disruptions at Egyptian ports and Jordan's government shake up kept concerns about unrest in the region and the potential for oil supply interruptions in focus. US crude prices fell in chopp
Published 02 Feb, 2011 12:00am
US gold lower

US gold lower

US gold futures ended lower on Monday, notching its first monthly decline in six months, as strong US factory and spending data coupled with fading worries about the euro zone debt crisis put a damper on the metal's rally.
Published 02 Feb, 2011 12:00am
Gold regains strength in Asia

Gold regains strength in Asia

Gold regained strength on Tuesday, reversing the previous session's losses, and a rise in ETF holdings for the first time in a week suggested some investors still had faith in the precious metal despite the improving tone of US economic data.
Published 02 Feb, 2011 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold prices steadied on Tuesday after well-received US manufacturing data lifted the dollar and boosted appetite for higher-risk assets at gold's expense, balancing support lent by political upheaval in Egypt. Spot gold was bid at $1,331.95 an ounce at 16
Published 02 Feb, 2011 12:00am
US MIDDAY: Arabica ends at 13-1/2-year top

US MIDDAY: Arabica ends at 13-1/2-year top

Arabica coffee futures closed at their highest level in 13-1/2 years on Tuesday, buoyed by tight supplies and upward technical momentum. Cocoa futures eased on profit-taking and heavy volume, while many speculators shifted their concern away from an expor
Published 02 Feb, 2011 12:00am
US MIDDAY: copper rallies

US MIDDAY: copper rallies

Copper rallied Tuesday to a new record just shy of $10,000 a tonne, as another round of positive economic data backed the widely held view of robust global demand prospects in 2011. Copper led strong gains across the broader base metals complex, with tin
Published 02 Feb, 2011 12:00am
US MIDDAY: gold rises slightly

US MIDDAY: gold rises slightly

Gold rose slightly on Tuesday as a weaker dollar stirred buying interest, but it failed to rally further after well-received US manufacturing data and relative peace in Egypt dampened the metal's safe-haven appeal.
Published 02 Feb, 2011 12:00am
SAI voices concern on rising domestic inflation

SAI voices concern on rising domestic inflation

Site Association of Industry (SAI) has raised its concerns on rising domestic inflation due to high government borrowing from State bank and commercial banks. The industrial economy of the country is already struggling with rising global commodity prices,
Published 02 Feb, 2011 12:00am
Switzerland to support UNGCPLN

Switzerland to support UNGCPLN

The Consul General of Switzerland in Karachi, Didier Boschung, organised an event for the heads of the Bilateral Business Forums in Karachi to introduce to them the UN Global Compact Pakistan Local Network (UNGCPLN). The event was attended by the Business
Published 02 Feb, 2011 12:00am
Pakistanis the highest giving nation in the world

Pakistanis the highest giving nation in the world

Development has ceased to be a government prerogative alone with the ever widening gap between government capacities and the demands of development. This is particularly pertinent to the developing countries, where shrinking government budgets, galloping
Published 02 Feb, 2011 12:00am
KESC awarded ACCA Approved Employer status

KESC awarded ACCA Approved Employer status

ACCA awarded Approved Employer - Professional Development status to Karachi Electric Supply Corporation (KESC) during a ceremony held at KESC head office in presence of leadership of both organisations. CPD approval is the highest seal of honour awarded t
Published 02 Feb, 2011 12:00am
Netherlands delegation visits KSE

Netherlands delegation visits KSE

A delegation from the Embassy of Kingdom of Netherlands in Pakistan met the senior management of Karachi Stock Exchange. The delegation, led by Deputy Head of Mission, David Kuijper, was accompanied by Peter A Felix, Commercial Officer.
Published 02 Feb, 2011 12:00am
Sindh NAB approves 16 complaints for processing

Sindh NAB approves 16 complaints for processing

The executive board of National Accountability Bureau (NAB,) Sindh, has approved total 16 complaints, out of 73 complaints, which were presented before it in its meeting held here on Monday.
Published 02 Feb, 2011 12:00am
MQM activist gunned down at Ram Swami

MQM activist gunned down at Ram Swami

An activist of Muttahida Qaumi Movement (MQM) was shot dead at Ram Swami in the limits of Garden police station. According to police, two unknown armed riders attacked Junaid Qureshi 21 son of Hanif when he was sitting with his friends at Ratoji Compound
Published 02 Feb, 2011 12:00am
Karen Armstrong delivers mesmerising lecture at NUST

Karen Armstrong delivers mesmerising lecture at NUST

The best thing the world needs today to make it a better place is a Global Democracy where everyone takes absolute responsibility for every creature. We are pursuing a Charter for Compassion that gives a perfect action plan to engage every individual to w
Published 02 Feb, 2011 12:00am
Driver killed in Nato oil tanker attack

Driver killed in Nato oil tanker attack

A driver was killed and conductor sustained bullet injuries here in an attack on Nato oil tanker in Dasht area of Mastung on Tuesday. According to Levies Force, Nato oil tanker carrying fuel for ISAF forces was on way to Afghanistan from Karachi when arme
Published 02 Feb, 2011 12:00am
SLICP secures Rs 9.33 billion premium last year

SLICP secures Rs 9.33 billion premium last year

The State Life Insurance Corporation of Pakistan (SLICP) has successfully secured Rs 9.33 billion as first year premium (New Business) during the period January 2010 to December 31, 2010 by showing an unprecedented increase of 35 percent as compared to th
Published 02 Feb, 2011 12:00am
SLICP secures Rs 9.33 billion premium last year

SLICP secures Rs 9.33 billion premium last year

The State Life Insurance Corporation of Pakistan (SLICP) has successfully secured Rs 9.33 billion as first year premium (New Business) during the period January 2010 to December 31, 2010 by showing an unprecedented increase of 35 percent as compared to th
Published 02 Feb, 2011 12:00am
SSGC curtails supply to KESC

SSGC curtails supply to KESC

Sui Southern Gas Company (SSGC) faces a shortfall of about 80mmcfd due to technical fault in different gas fields located in Sindh. According to a press release issued here on Tuesday, Bhit Gas Field operated by ENI, developed a technical fault in its com
Published 02 Feb, 2011 12:00am
GBLA approves Board of Revenue Act 2010

GBLA approves Board of Revenue Act 2010

The third session of Gilgit-Baltistan Legislative Assembly (GBLA) was held here on Tuesday with recitation from the Holy Quran. The Speaker Gilgit-Baltistan Wazir Baig presided over the session. The GBLA unanimously approved Act for establishment of Board
Published 02 Feb, 2011 12:00am
A suicidal tendency

A suicidal tendency

After Raymond Davis, a US national, killed two Pakistanis (and his mysterious saviours a third Pakistani), the US State Department, its embassy in Pakistan, and its consulate in Lahore issued contradictory statements. Whether he is actually Raymond Davis,
Published 02 Feb, 2011 12:00am
Pressure mounts on US to clean radioactive Spanish village

Pressure mounts on US to clean radioactive Spanish village

Spanish authorities are stepping up pressure on the United States over the clean-up of a plutonium contaminated village following the collision of a US bomber and tanker more than four decades ago. In January 1966, a US B-52 bomber and a tanker collided d
Published 02 Feb, 2011 12:00am
SOEs need road map

SOEs need road map

Talk about reforming state owned enterprises (SOEs) and then refloating them seems to be a favourite topic these days. Though everyone has been mindful of this facet of failing governmental operations, it was in early 2010 that the then minister of financ
Published 02 Feb, 2011 12:00am
What after oil surges above $101?

What after oil surges above $101?

Brent crude oil prices have touched dollar 100 per barrel mark in the wake of political events in Egypt which through its Suez Canal passes quite some oil. No more are the Opec and Middle Eastern countries the only beneficiaries of oil price increases. Ru
Published 02 Feb, 2011 12:00am
Deepening uncertainty and chaos

Deepening uncertainty and chaos

Despite the unrelenting military operation and the civilian administration's best efforts, the wave of terrorism refuses to abate. Not a day passes when some ugly incident of terrorism - be it suicide-bombing, improvised explosive device (IED) explosion o
Published 02 Feb, 2011 12:00am
Growing anxiety about world food prices

Growing anxiety about world food prices

Those who are worried about the surge in domestic food prices are not alone in expressing their concerns. Such a prophecy now seems to be, more or less, universally accepted, with certain remedial measures already on offer to deal with the complicated sit
Published 02 Feb, 2011 12:00am
Punjab health department recruits 124 specialist doctors

Punjab health department recruits 124 specialist doctors

With a view to overcome the shortage of specialists doctors in DHQ and THQ hospitals and to provide best quality treatment facilities to the people of Punjab, health department has recruited as many as 124 specialist doctors in different specialities in B
Published 02 Feb, 2011 12:00am
PEF provides training to over 150,000 teachers

PEF provides training to over 150,000 teachers

Punjab Education Foundation (PEF) has provided professional training to as many as 150,196 teachers of different private schools in the past many years to help improve their teaching style. For this purpose, 25,270 training sessions were held in different
Published 02 Feb, 2011 12:00am
Railways directed to pay legal advisers by February 14

Railways directed to pay legal advisers by February 14

Lahore High Court here Tuesday directed the railways authorities to pay salaries of legal advisers, that were not paid last month, by February 14. On the petition of advocate Arshad Virk, the court also warned railways high-ups of holding salaries of offi
Published 02 Feb, 2011 12:00am
Punjab government to continue wheat export

Punjab government to continue wheat export

A high level meeting to review the export of wheat was held under the chairmanship of Senior Advisor to Chief Minister Sirdar Zulfiqar Ali Khan Khosa, here on Tuesday. The meeting reviewed wheat export of the last year crop and decided that government wil
Published 02 Feb, 2011 12:00am
395 uplift schemes to be completed under city district government, TMAs

395 uplift schemes to be completed under city district government, TMAs

As many as 395 uplift schemes of public welfare would be completed under the supervision of city district govt and TMAs in the district for providing better basic facilities of roads, sewerage, parks, drainage etc. These schemes were approved during a mee
Published 02 Feb, 2011 12:00am
1,150 megawatts additional power generation likely by summer

1,150 megawatts additional power generation likely by summer

Pakistan Electric Power Company (Pepco) Director General (Energy Management and Conservation) Engineer Muhammad Khalid said Tuesday that 1,150MW electricity would be added to the national grid with the commissioning of the five new power plants by summer.
Published 02 Feb, 2011 12:00am
100 million telecom subscribers: Warid felicitates PTA on achievement

100 million telecom subscribers: Warid felicitates PTA on achievement

Warid Telecom congratulates Pakistan Telecom Authority (PTA) and telecom industry of Pakistan for achieving the milestone of one hundred million mobile subscribers. More than 61 percent of population and over 92 percent of land area is now covered by cell
Published 02 Feb, 2011 12:00am
Petitioner accuses police of favouring Raymond

Petitioner accuses police of favouring Raymond

A petition has been filed in the Lahore High Court (LHC) accusing the police of favouring accused Raymond Davis. Imran Haider, brother of Faizan Haider, who was gunned down by Raymond Davis, prayed that the respondents be directed to record witnesses and
Published 02 Feb, 2011 12:00am
Raymond Davis case: petition in LHC seeks trial in ATC court

Raymond Davis case: petition in LHC seeks trial in ATC court

A petition has been filed before the Lahore High Court seeking trial of American official Raymond Davis by a special anti-terrorism court. The petitioner, Rana Ilamudin Ghazi, contended that the accused was not a diplomat and did not enjoy any immunity an
Published 02 Feb, 2011 12:00am
Tree plantation campaign: GCU EPS to plant 10,000 saplings

Tree plantation campaign: GCU EPS to plant 10,000 saplings

Government College University Lahore Environmental Protection Society (GCU EPS) will plant as many as 10,000 trees in the City celebrating 2011, as the International Year of Forests. GCU Vice Chancellor Professor Dr Khalid Aftab on Tuesday inaugurated the
Published 02 Feb, 2011 12:00am
Clash in Dasht area claims LEA man's life

Clash in Dasht area claims LEA man's life

One personnel of a Law Enforcement Agency (LEA) was killed and four people including two LEA personnel were injured in an armed clash took place between a LEA patrolling party and the armed men in Dasht area of Turbat district on Tuesday. According to Lev
Published 02 Feb, 2011 12:00am
Significance of good governance highlighted

Significance of good governance highlighted

Economists stressed the need for ensuring good governance, better macroeconomic management, strengthening institutions and evolving prudent policies which are main drivers and can break the vicious circle of economic logjam.
Published 02 Feb, 2011 12:00am
Aptma chief slams 'engineered default' by Indian cotton traders

Aptma chief slams 'engineered default' by Indian cotton traders

Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz has lamented over 'engineered default' by the Indian cotton traders in connivance with government policymakers, who are meddling into the cotton trade affairs repeatedly to delay shipments
Published 02 Feb, 2011 12:00am
NHF announces 'Wonder Women of the Year Awards'

NHF announces 'Wonder Women of the Year Awards'

National Hero Foundation (NHF) has announced to commence first ever "Wonder Women of the Year Award", to be held on March 8, 2011 in Karachi. Addressing a press conference at Karachi Press Club on Monday night, Shaikh Rashid Alam, founder and president of
Published 02 Feb, 2011 12:00am
Dr Naim Abdullah appointed SC Global Markets head

Dr Naim Abdullah appointed SC Global Markets head

Standard Chartered Bank (Pakistan) Limited has announced appointment of Dr Naim Abdullah as the head of Global Markets. Dr Naim replaces Tariq Mushtaq Chaudhry who has moved to Standard Chartered regional office in Dubai to take on his new assignment. In
Published 02 Feb, 2011 12:00am
Islamabad police arrest 10 suspects

Islamabad police arrest 10 suspects

Islamabad Police on Tuesday arrested ten persons including three proclaimed offenders and recovered looted items worth Rs 200,000 from their possession during its anti-outlaw drive. Following the instructions of SSP Islamabad Tahir Alam Khan all Station H
Published 02 Feb, 2011 12:00am
Mena Reach clinches global finance awards for HSBC

Mena Reach clinches global finance awards for HSBC

Pan-regional presence and a well-established footprint in the Middle East clinched three awards for HSBC's Payments and Cash Management (PCM) division recently, underlining the bank's commitment to delivering internationally best-in-class solutions to gov
Published 02 Feb, 2011 12:00am
Brunei armed forces commander calls on President

Brunei armed forces commander calls on President

Commander Royal Brunei Armed Forces, Major General Haji Aminuddin Ihsan bin Pehin Orang Kaya Saiful Mulok Dato Seri Paduka Haji Abidin, called on President Asif Ali Zardari at Aiwan-e-Sadr on Tuesday. Major General Haji Aminuddin Ihsan was accompanied wit
Published 02 Feb, 2011 12:00am
Rehabilitation of 21 schools in Lower Dir

Rehabilitation of 21 schools in Lower Dir

To improve education system in conflict and flood-hit areas, the government has completed the rehabilitation and renovation of 21 government Schools in Lower Dir under Malakand Development Programme. The rehabilitation work on 12 more schools is under pro
Published 02 Feb, 2011 12:00am
Pakistani teen breaks O Level record

Pakistani teen breaks O Level record

A Pakistani school boy has smashed a world record by getting 23 A grades in his O Levels, taking inspiration from the father of Pakistan's atomic bomb Dr Abdul Qadeer Khan who is hailed a national hero. Ibrahim Shahid, 17, the son of a university professo
Published 02 Feb, 2011 12:00am
PSM corruption case hearing put off for three weeks

PSM corruption case hearing put off for three weeks

The Supreme Court (SC) on Tuesday adjourned Pakistan Steel Mills (PSM) Corruption case hearing, which caused a loss of Rs 22 billion to the exchequer, for three weeks. A four-member bench of the apex court, headed by Chief Justice of Pakistan Iftikhar Muh
Published 02 Feb, 2011 12:00am
Easy employment scheme today

Easy employment scheme today

Sillani Welfare international Trust will launch "Easy Employment Scheme", under which some thousands of people will be employed every year. The launching ceremony of the scheme will be held today at Karachi.
Published 02 Feb, 2011 12:00am
Arif Habib Funds announces monthly dividends

Arif Habib Funds announces monthly dividends

The chief executive, on behalf of the board of directors of Arif Habib Investments Limited (AHI) - the management company, has announced monthly dividends for two of its funds. Pakistan Income Enhancement Fund (PIEF) has announced an interim dividend of r
Published 02 Feb, 2011 12:00am
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