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Print - 2011-02-08
Iran, Turkey aim to triple trade to $30 billion

Iran, Turkey aim to triple trade to $30 billion

Iran and Turkey plan to triple two-way annual trade to $30 billion by 2015, officials of the neighbouring states said Monday ahead of a visit by Turkish President Abdullah Gul to the Islamic republic. "Without doubt, the signing of mutual agreements can a
Published 08 Feb, 2011 12:00am
Geithner pledges to work with Brazil on China

Geithner pledges to work with Brazil on China

US Treasury Secretary Timothy Geithner pledged on Monday to work with Brazil to help address global economic imbalances including China's undervalued currency, raising the possibility of a growing alliance between the Western Hemisphere's two biggest econ
Published 08 Feb, 2011 12:00am
Obama urges overhaul of 'burdensome' tax code

Obama urges overhaul of 'burdensome' tax code

President Barack Obama said on Monday he wanted to lower the corporate tax rate and pay for it by eliminating tax loopholes, and requested support from the business community to achieve that goal. "Another barrier government can remove is a burdensome cor
Published 08 Feb, 2011 12:00am
WestJet, Delta Air sign travel partnership

WestJet, Delta Air sign travel partnership

WestJet Airlines Ltd has entered into a partnership agreement with Delta Air Lines Inc as the Canadian carrier seeks expansion avenues in the large US market. WestJet, Canada's second-biggest airline, said on Monday it has signed an interline agreement wi
Published 08 Feb, 2011 12:00am
Venezuelan mining contract terminated

Venezuelan mining contract terminated

Canadian mining company Crystallex International Corp said Sunday it has been notified by Venezuela that its contract to develop a major gold mine has been terminated. Toronto-based Crystallex said on its website that it received a letter from the state c
Published 08 Feb, 2011 12:00am
Suzuki third quarter profit jumps, India margins slow growth

Suzuki third quarter profit jumps, India margins slow growth

Suzuki Motor Corp, Japan's No 4 automaker, posted a 31 percent rise in quarterly profit on Monday on brisk sales in Asia, and stuck to its conservative forecasts as competition intensifies in the key Indian market.
Published 08 Feb, 2011 12:00am
Suzuki third quarter profit jumps, India margins slow growth

Suzuki third quarter profit jumps, India margins slow growth

Suzuki Motor Corp, Japan's No 4 automaker, posted a 31 percent rise in quarterly profit on Monday on brisk sales in Asia, and stuck to its conservative forecasts as competition intensifies in the key Indian market.
Published 08 Feb, 2011 12:00am
ESRB can single out individual states: Trichet

ESRB can single out individual states: Trichet

Europe's new super-watchdog, the European System Risk Board (ESRB), will pinpoint problems bubbling in individual countries if they pose a risk to the wider system, the head of the new body, Jean-Claude Trichet, said on Monday. Trichet, who heads the Euro
Published 08 Feb, 2011 12:00am
ESRB can single out individual states: Trichet

ESRB can single out individual states: Trichet

Europe's new super-watchdog, the European System Risk Board (ESRB), will pinpoint problems bubbling in individual countries if they pose a risk to the wider system, the head of the new body, Jean-Claude Trichet, said on Monday. Trichet, who heads the Euro
Published 08 Feb, 2011 12:00am
Indonesian fourth quarter growth strongest in six years

Indonesian fourth quarter growth strongest in six years

Indonesia's economy grew in the fourth quarter of 2010 at the strongest pace in six years, blowing past expectations and increasing the chances of steeper rate hikes in coming months to headd off inflationary pressures.
Published 08 Feb, 2011 12:00am
German industrial orders sink

German industrial orders sink

German industry orders dipped more than expected in December on falling demand from outside the eurozone for big ticket items, reversing November's sharp gains as analysts said the country's manufacturing outlook remained buoyant. Friday's economy ministr
Published 08 Feb, 2011 12:00am
German industrial orders sink

German industrial orders sink

German industry orders dipped more than expected in December on falling demand from outside the eurozone for big ticket items, reversing November's sharp gains as analysts said the country's manufacturing outlook remained buoyant. Friday's economy ministr
Published 08 Feb, 2011 12:00am
Merkel, Sarkozy urge Poland to join economy pact

Merkel, Sarkozy urge Poland to join economy pact

The leaders of France and Germany invited Poland and other non-eurozone members of the European Union on Monday to join a proposed new "competitiveness pact" aimed at strengthening Europe's economy. French President Nicolas Sarkozy and Germany's Chancello
Published 08 Feb, 2011 12:00am
Anger simmers at German austerity plan for EU

Anger simmers at German austerity plan for EU

Resentment smouldered among European governments on Monday over a German-instigated drive to end wage indexation, raise retirement ages and lock debt limits into national constitutions across the eurozone. Chancellor Angela Merkel, backed by French Presid
Published 08 Feb, 2011 12:00am
Middle East markets: Zain Saudi up as Kingdom extends deal deadline

Middle East markets: Zain Saudi up as Kingdom extends deal deadline

Zain Saudi Arabia hit a three-week high on Monday after Kingdom Holding extended the deadline for its offer to buy a stake in the telecoms operator. Middle East markets were mixed, with investors cautious as they await further developments in Egypt. Zain
Published 08 Feb, 2011 12:00am
Indian shares edge up

Indian shares edge up

Indian shares ended up 0.2 percent in choppy trade on Monday as firm world equities helped them recover slightly from last week's 2.1 percent decline, but investors were not convinced the strength in the market was here to stay. The 30-share BSE index clo
Published 08 Feb, 2011 12:00am
Hong Kong shares slide

Hong Kong shares slide

Hong Kong shares fell on Monday, with losses accelerating into the close as oil companies were hit by easing crude prices. Overall turnover remained subdued with mainland markets still closed and conviction among investors low. The Hang Seng index fell 1.
Published 08 Feb, 2011 12:00am
Monday's midday trade: Wall Street rises to mid-2008 highs

Monday's midday trade: Wall Street rises to mid-2008 highs

US stocks rose on Monday as a flurry of merger news and solid earnings boosted investors' appetite for equities, pushing the Dow and the S&P 500 to their highest levels since June 2008. Buying accelerated after the S&P 500 broke through the high end of it
Published 08 Feb, 2011 12:00am
Sri Lankan shares at new all-time high

Sri Lankan shares at new all-time high

Sri Lanka's stock market hit a new all-time closing high on Monday on heavy retail buying, while foreign investors bought in thin volumes after the IMF approved the island nation's loan tranche last week. The island's main share index touched a new intrad
Published 08 Feb, 2011 12:00am
LSE on track for upgrade after final system test

LSE on track for upgrade after final system test

The London Stock Exchange cleared a final hurdle ahead of a crucial planned system upgrade, sources familiar with the situation said on Monday, three months after it delayed the switch amid suspicions of sabotage. The UK operator completed its last system
Published 08 Feb, 2011 12:00am
Nikkei hits nine-month high

Nikkei hits nine-month high

Japan's Nikkei average extended gains to hit a nine-month high on Monday, helped by a fall in the US jobless rate, a weaker yen against the dollar and after generally strong Japanese corporate earnings reports last week. The unemployment rate in the world
Published 08 Feb, 2011 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares rose on Monday, supported by financial issues, as investors remained upbeat on the global economy following gains on Wall Street. The Korea Composite Stock Price Index ended up 0.47 percent at 2,081.74 points. However, stocks retreated from e
Published 08 Feb, 2011 12:00am
European shares rise to 29-month high

European shares rise to 29-month high

European shares rose on Monday to their highest close since September 2008, with miners gaining as copper hit a fresh record high on supply concerns and after Randgold Resources profit jumped. The pan-European FTSEurofirst 300 index of top shares closed u
Published 08 Feb, 2011 12:00am
Miners propel FTSE higher

Miners propel FTSE higher

Miners lifted Britain's top share index higher on Monday, driven by record metal prices and results from Randgold. The FTSE 100 closed 53.65 points, or 0.9 percent, firmer at 6,051.03, its highest finish January 18 and marking the fourth gain in the past
Published 08 Feb, 2011 12:00am
Sterling Libor hits 18-month high

Sterling Libor hits 18-month high

Sterling interbank lending rates hit an 18-month high on Monday ahead of this week's Bank of England policy meeting, with markets pricing in an outside chance of an interest rate hike. UK inflation hit an eight-month high of 3.7 percent in December, well
Published 08 Feb, 2011 12:00am
Euro recovers in Asia

Euro recovers in Asia

The euro recovered a tad on Monday on Asian buying after lunar new year holidays, though it remained on shaky ground after a jump in US Treasury yields undermined its yield advantage. With many market players still seen caught in euro long positions, the
Published 08 Feb, 2011 12:00am
Midday trade in New York: euro slides to two-week low versus dollar

Midday trade in New York: euro slides to two-week low versus dollar

The euro fell against the US dollar for a fourth straight day on Monday, with more losses seen likely, as soft German industrial data reinforced the view that eurozone interest rates will remain low for some time. European Central Bank President Jean-Clau
Published 08 Feb, 2011 12:00am
Euro slips to session low versus dollar in London

Euro slips to session low versus dollar in London

The euro slipped to a session low against the dollar on Monday after a weak reading of German industrial orders accelerated profit-taking prompted by data on Friday showing a lower US jobless rate. German industrial orders fell 3.4 percent on the month in
Published 08 Feb, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 71.15/71.15 (previous 71.15/71.15). Call Money Rates: 4.50-8.00 percent (previous 4.00-8.00 percent).
Published 08 Feb, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc fell against the euro on Monday as Asian buyers bid up the single currency after Asian new year holidays, and extended a three-day losing streak against the dollar as robust US data buoyed sentiment. The franc rose around 0.4 percent again
Published 08 Feb, 2011 12:00am
Indian rupee hits 2-1/2 week high

Indian rupee hits 2-1/2 week high

The Indian rupee rose to 2-1/2 week highs on Monday, aided by dollar inflows as well as domestic equity strength, but importer demand for the greenback due to high oil prices prevented a sharper rise. The partially convertible rupee ended at 45.4750/4850
Published 08 Feb, 2011 12:00am
Rupiah at one-month high

Rupiah at one-month high

The Indonesian rupiah hit a one-month high against the dollar on Monday after stronger-than-expected economic growth in the fourth quarter triggered a spike in bond yields and attracted speculative buyers. The rupiah will probably keep rebounding, with th
Published 08 Feb, 2011 12:00am
Australian and New Zealand dollar advance

Australian and New Zealand dollar advance

The Australian dollar advanced on Monday, as strong data on job ads helped offset subdued retail numbers, while the New Zealand dollar nudged up on broader US dollar softness. Surging commodities prices also helped the Aussie with copper soaring to a reco
Published 08 Feb, 2011 12:00am
Sterling moves up

Sterling moves up

Sterling rose to a three week high against the euro and against a basket of currencies on Monday on mounting expectations the Bank of England will raise interest rates by the middle of the year. The Bank of England's Monetary Policy Committee (MPC) meets
Published 08 Feb, 2011 12:00am
Oil plunges as Egypt simmers, but supplies flow

Oil plunges as Egypt simmers, but supplies flow

US oil prices fell sharply on Monday and helped pull Brent crude prices below $100 a barrel as Egypt's simmering unrest had not disrupted any of the region's supply and as stockpiles in the United States bulged. Rising US crude oil inventories and Friday'
Published 08 Feb, 2011 12:00am
Copper retreats from peak

Copper retreats from peak

Copper hit a record on Monday on concerns about supply, particularly from top producers Chile, but pared gains to end lower as the dollar rose against the euro after a bigger than expected fall in German industrial data. Tin also hit a record high on worr
Published 08 Feb, 2011 12:00am
New York cotton ends sharply higher

New York cotton ends sharply higher

US cotton futures settled sharply higher on Monday on speculative and option-related buying as players piled back into the market, threatening to ignite a fresh rally to record territory, analysts said. Cotton futures soared last week to their highest in
Published 08 Feb, 2011 12:00am
Anglogold says $1,500 gold possible in 2011

Anglogold says $1,500 gold possible in 2011

Top African gold producer Anglogold Ashanti expects record gold prices to be sustained in 2011, with the precious metal between $1,300 and $1,500 an ounce, its chief executive said on Monday. "I certainly believe they are sustainable. The fundamentals are
Published 08 Feb, 2011 12:00am
Tokyo rubber futures down 2.4 percent

Tokyo rubber futures down 2.4 percent

Tokyo rubber futures dropped 2.4 percent on Monday on weaker oil prices and profit-taking as players liquidated contracts after prices failed to stay firmly above major resistance of 500 yen, but tight supply still lent support, dealers said. The benchmar
Published 08 Feb, 2011 12:00am
Malaysian palm oil slips

Malaysian palm oil slips

Malaysian palm oil slipped from three-year highs hit earlier on Monday as traders booked some profits on the stronger ringgit, pausing a rally driven by erratic weather curbing output. Floods in Malaysia's Johor and Sabah states last week slowed palm oil
Published 08 Feb, 2011 12:00am
Liffe sugar up as physical demand returns

Liffe sugar up as physical demand returns

Liffe March white sugar rises $5.10 to close at $799.50 per tonne on Monday. Market supported by trimmed forecasts for India's crop and renewed physical demand. Liffe May cocoa closes 25 pounds lower at 2,100 pounds a tonne. Market weighed down partly by
Published 08 Feb, 2011 12:00am
Gold ticks up in Asia

Gold ticks up in Asia

Gold edged up on Monday after falling in the previous session on US payrolls data and unfounded reports that President Hosni Mubarak of Egypt may step down soon, but gains in equity markets and industrial metals continued to weigh on bullion. Signs of imp
Published 08 Feb, 2011 12:00am
Gold steady after first weekly rise

Gold steady after first weekly rise

Gold held near $1,350 an ounce on Monday after the metal's first weekly rise this year supported investor confidence in the metal, though a more optimistic view of the global economic outlook is continuing to weigh on prices. A run of above-consensus econ
Published 08 Feb, 2011 12:00am
US MIDDAY: sugar climbs

US MIDDAY: sugar climbs

Raw sugar futures climbed early on Monday, supported by trimmed forecasts for Indian sugar output and renewed physical buying after prices pulled away from 30-year peaks. Arabica coffee futures also rose as high-quality beans remained in short supply, whi
Published 08 Feb, 2011 12:00am
US MIDDAY: wheat, soya up; corn down

US MIDDAY: wheat, soya up; corn down

Grain futures on the Chicago Board of Trade were higher on Monday, with wheat futures leading the gains. March wheat climbed to near 2008 highs in early trading on strong export demand, traders said. Egypt made its first purchase of wheat in nearly a mont
Published 08 Feb, 2011 12:00am
US MIDDAY: copper pares gains

US MIDDAY: copper pares gains

Copper backed away from a fresh record high on Monday, its sixth in as many sessions, as prices fell under the weight of a firmer US dollar and began to show some signs of fatigue from the latest bull-run.
Published 08 Feb, 2011 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold edged above $1,350 an ounce on Monday after the metal's first weekly rise this year lifted investor confidence in the metal, though a more optimistic view of the global economic outlook is continuing to weigh on prices. A run of above-consensus econo
Published 08 Feb, 2011 12:00am
Olympic Games Football: Jadeed Khan set to lead U-21 team

Olympic Games Football: Jadeed Khan set to lead U-21 team

Pakistan Football Federation (PFF)'s President has approved Pakistan Wapda's winger Jadeed Khan as Pakistan U-21 team skipper which will take on Malaysia in Qualifying Phase of 30th Olympic Games Football Tournament on February 23, 2011 at Kuala Lumpur.
Published 08 Feb, 2011 12:00am
Blatter says 2022 will still be summer World Cup

Blatter says 2022 will still be summer World Cup

FIFA president Sepp Blatter added to the confusion surrounding the timing of the 2022 World Cup in Qatar by saying Monday he still expected it to take place in the northern hemisphere summer - having last month predicted it would be staged in winter.
Published 08 Feb, 2011 12:00am
Angry fans protest as ICC officials inspect Eden Gardens

Angry fans protest as ICC officials inspect Eden Gardens

Angry fans waved banners and shouted slogans on Monday as an International Cricket Council (ICC) inspection team assessed whether Eden Gardens could host three World Cup games after losing a marquee match to Bangalore. Eden Gardens, one of India's best-kn
Published 08 Feb, 2011 12:00am
Watson wins Allan Border Medal

Watson wins Allan Border Medal

Shane Watson capped an outstanding playing year by winning Australian cricket's top individual award, the Allan Border Medal, for the second straight year on Monday. Watson's win capped a superb night in Melbourne for the 29-year-old allrounder, who also
Published 08 Feb, 2011 12:00am
PCB says bans 'regrettable'

PCB says bans 'regrettable'

The head of the Pakistan Cricket Board (PCB) on Monday said lengthy bans given to three Pakistani players for spot-fixing were "regrettable" but promised to help them in their rehabilitation. An International Cricket Council (ICC) anti-corruption tribunal
Published 08 Feb, 2011 12:00am
BoK assets climb to Rs 51 billion target: MD

BoK assets climb to Rs 51 billion target: MD

Managing Director, Bank of Khyber (BoK), Bilal Mustafa has said that reaching of assets of the bank to rupees 51 billion by December 2010 exhibits confidence of customers. He expressed these views while inaugurating the annual managers' conference 2011, h
Published 08 Feb, 2011 12:00am
Kenyan General calls on CJCSC

Kenyan General calls on CJCSC

Chief of General Staff of Kenyan Defence Forces General Jeremiah Mutinda Kianga on Monday visited Joint Staff Headquarters Chaklala and met Chairman Joint Chiefs of Staff Committee (CJCSC), General Khalid Shameem Wynne. He remained with CJCSC for some tim
Published 08 Feb, 2011 12:00am
Hoti approves 129 posts for Lady Reading Hospital

Hoti approves 129 posts for Lady Reading Hospital

Chief Minister Khyber Pakhtunkhwa Ameer Haidar Khan Hoti has approved 129 new posts, including 75 charge nurses for Lady Reading Hospital in the current financial year 2010-11. It is pertinent to mention here that Chief Executive LRH and nursing staff has
Published 08 Feb, 2011 12:00am
Launching of Bacha Khan Rozgar Scheme on February 9

Launching of Bacha Khan Rozgar Scheme on February 9

Khyber Pakhtunkhwa Minister for Sports, Syed Aqil Shah has said that Bacha Khan Khpal Rozgar Scheme (BKKRS) would be launched on Wednesday February 9, 2011 to promote employment generation in the province. Addressing the oath-taking ceremony of Anjuman-e-
Published 08 Feb, 2011 12:00am
SECP becomes IOSCO MMoU signatory

SECP becomes IOSCO MMoU signatory

The Securities and Exchange Commission of Pakistan (SECP) has become a signatory to the International Organisation of Securities Commission's Multilateral Memorandum of Understanding Concerning Consultation, Co-operation and the Exchange of Information (M
Published 08 Feb, 2011 12:00am
Textile Bill not ready due to lack of resources

Textile Bill not ready due to lack of resources

Lack of resources has forced the Textile Ministry to stop promulgation of 'Textile Development and Promotion Bill', it is learnt. "Textile Ministry is not only short of staff but is also facing financial crisis, and it is difficult for it to monitor so ma
Published 08 Feb, 2011 12:00am
Professor Dr Naeem appointed Jinnah university vice chancellor

Professor Dr Naeem appointed Jinnah university vice chancellor

Professor Dr Naeem Faruqui has been appointed as the Vice-Chancellor of the Jinnah University for Women, Karachi. A spokesperson of the Institution said on Monday, he had taken over the charge of the office. Professor Faruqui replaces Professor Dr Riaz Ah
Published 08 Feb, 2011 12:00am
CD shop blown up in Mardan

CD shop blown up in Mardan

Unidentified miscreants blew up a CD shop by detonating an explosive device at Chatto Chowk on Monday. No casualty in the incident was reported. According to police, the low-intensity improvised explosive devise (IED) was planted by miscreants at the cong
Published 08 Feb, 2011 12:00am
SHO, cop killed in attack on police van

SHO, cop killed in attack on police van

Unidentified gunmen here Monday ambushed a police mobile van at Benyamina area, killing two police officials, including Additional SHO and wounding seven others. Police said the unidentified outlaws holed up in nearby mountains, attacked the police mobile
Published 08 Feb, 2011 12:00am
Japanese investors urged to avail opportunities in SEZ

Japanese investors urged to avail opportunities in SEZ

President Asif Ali Zardari on Monday said Pakistan was a natural route for trade and energy corridors for central and West Asia and invited Japanese investors to avail investment opportunities in the Special Economic Zones (SEZ). He was talking to Japanes
Published 08 Feb, 2011 12:00am
Book launching ceremony held at SU campus

Book launching ceremony held at SU campus

A launching ceremony of book entitled "The Voice Across the Border", authored by Dr Mehtab Ali Shah and published by Gian Publishers, New Delhi, 2011, was held at Nelson Mandela Conference Hall, Department of International Relations, University of Sindh,
Published 08 Feb, 2011 12:00am
LHC adjourns petition filed against sale of embassy land

LHC adjourns petition filed against sale of embassy land

Chief Justice Lahore High Court Ijaz Ahmed Chaudhry here Monday adjourned for second week of March the hearing in a petition filed against sale of the embassy land in Japan and Indonesia at throw away prices in 2002 by the then ambassadors of Pakistan by
Published 08 Feb, 2011 12:00am
KCFR organises interactive session

KCFR organises interactive session

The Karachi Council on Foreign Relations (KCFR) organised an interactive session on "The South Asian Conundrum between Geopolitics and Geo-Economics" with renowned French researcher and scholar Professor Jean-Luc Racine on Sunday. Professor Racine is CNRS
Published 08 Feb, 2011 12:00am
Militants destroyed 710 schools in Khyber Pakhtunkhwa

Militants destroyed 710 schools in Khyber Pakhtunkhwa

Militants have destroyed around 710 schools in Khyber Pakhtunkhwa in various districts of the province in the last two years. Almost 640 schools were either completely or partially damaged in only Malakand Division. The remaining 70 schools were destroyed
Published 08 Feb, 2011 12:00am
Transfers, postings

Transfers, postings

The Lahore High Court here Monday has made transfer and postings among four civil judges-cum-judicial magistrates. According to a notification civil judge-cum- judicial magistrate Shahzaz Ahmed has been transferred from Vehari to Mailsi, Shazib Dar from P
Published 08 Feb, 2011 12:00am
JI women wing Shoora to meet on February 25

JI women wing Shoora to meet on February 25

The annual meeting of the Central Shoora of the Jamaat-e-Islami Women Wing will be held here at Mansoora, from February 25 to 27. The newly elected members of the Shoora will take oath at the meeting, which will also elect the Central Executive of the Wom
Published 08 Feb, 2011 12:00am
Is Pakistan playing a double game?

Is Pakistan playing a double game?

It seems as if for western analysts, the history of the region, particularly Afghanistan and Pakistan starts from 9/11. They blame Pakistan for the creation of the Taliban. They seem to forget that they are also one of the creators of this monster.
Published 08 Feb, 2011 12:00am
Egypt unrest raises questions over German arms trade

Egypt unrest raises questions over German arms trade

Almost two weeks of political unrest have not only brought into question Egypt's political future but also exposed the violent methods with which the current administration suppresses dissidents - casting doubt on Germany's lucrative arms exports to Egypt
Published 08 Feb, 2011 12:00am
Cabinet overhaul: will it deliver?

Cabinet overhaul: will it deliver?

While the regime is dropping hints about an overhaul of the ministerial cabinets, it doesn't admit that the move has been triggered by the fallout from its governance failures. Then why the hints about an overhaul; is the public rage against Middle East's
Published 08 Feb, 2011 12:00am
Guilty as charged

Guilty as charged

International Cricket Council (ICC) tribunal hearing the spot fixing case against three Pakistani players has announced a guilty verdict, banning the former captain Salman Butt for ten years, and bowlers Mohammad Asif and Mohammad Amir for seven and five
Published 08 Feb, 2011 12:00am
Government stoking the inflation fires

Government stoking the inflation fires

The State Bank of Pakistan (SBP) has released some rather disturbing statistical forecasts for the current year: a GDP growth rate of between 2 to 3 percent, an increase in domestic debt liabilities by 6.7 percent, a fiscal deficit of 6 to 6.5 percent (a
Published 08 Feb, 2011 12:00am
NA-157, Khanewal III: LHC directs recounting of ballot papers

NA-157, Khanewal III: LHC directs recounting of ballot papers

The Lahore High Court here Monday in a petition challenging election of Hamid Yar Khan Hiraj directed recounting of ballot papers in NA-157, Khanewal III from the constituency. The court directed District & Sessions Judge Khanewal to recount all the cast
Published 08 Feb, 2011 12:00am
Over 12 million CNICs issued last year

Over 12 million CNICs issued last year

The National Database Registration Authority (Nadra) has so far completed 95 percent of the public registration across the country, while it has issued a record number of 12,394,889 computerisation national identity cards during last year.
Published 08 Feb, 2011 12:00am
PML-N consultative meeting today

PML-N consultative meeting today

PML-N Quaid Nawaz Sharif has convened his party's consultative meeting at Punjab House Islamabad on Tuesday (today). Sources in the PML-N told Business Recorder that the meeting would discuss progress made by the PPP government for the implementati
Published 08 Feb, 2011 12:00am
Gas supply to 600 industrial units suspended for 48 hours

Gas supply to 600 industrial units suspended for 48 hours

Sui Northern Gas Pipelines Limited (SNGPL) has suspended gas supply to 600 industries including textile processing, printing and dyeing factories, sizing, hosiery & garments units, washing soap and chemical manufacturing industries for 84 hours, while tho
Published 08 Feb, 2011 12:00am
Capital police arrest 176, recover arms

Capital police arrest 176, recover arms

City Circle area police have arrested 176 accused including 18 proclaimed offenders during its drive against criminals last month and recovered looted items worth rupees 400,000, huge quantity of wine bottles as well as weapons from their possession, a po
Published 08 Feb, 2011 12:00am
Two schools in Malakand division rehabilitated

Two schools in Malakand division rehabilitated

The provincial government, under Malakand Development Programme (MDP), has rehabilitated two schools in the Serai village of Tehsil Warai, Dir Upper and completed an access road to provide institutional support to a Basic Health Unit (BHU) in Sheringal ar
Published 08 Feb, 2011 12:00am
Accountability court indicts former IGP, two others

Accountability court indicts former IGP, two others

An Accountability Court here on Monday framed charges against former IGP and ex-commandant of Frontier Constabulary (FC), Malik Naveed Khan and two others in a reference related to illegal recruitment in the Frontier Constabulary.
Published 08 Feb, 2011 12:00am
'Family disputes require proactive approach of judges'

'Family disputes require proactive approach of judges'

Justice Asif Saeed Khan Khosa, Judge of the Supreme Court, on Monday said that family disputes require proactive attitudes from lawyers and judges to solve children's problems. Delivering the inaugural address at Federal Judicial Academy (FJA) for the par
Published 08 Feb, 2011 12:00am
Seminar on 'Role and Value of Investor Relations' held

Seminar on 'Role and Value of Investor Relations' held

In order to promote the spirit of responsiveness of the listed sector to their shareholders, South Asian Federation of Exchanges (SAFE) held one day seminar titled "the Role and Value of Investor Relations" at Lahore here on Monday. The seminar was attend
Published 08 Feb, 2011 12:00am
Police arrest 22, recover Rs 8.12 million worth of valuables

Police arrest 22, recover Rs 8.12 million worth of valuables

Islamabad Police have arrested 22 persons and recovered 10 pistols, one rifle, a dagger and stolen gold ornaments worth rupees 8.12 million from their possession. To curb crimes in the federal capital, Senior Superintendent Police Islamabad, Tahir Alam Kh
Published 08 Feb, 2011 12:00am
Evacuation of land: CDA decides to launch massive operation

Evacuation of land: CDA decides to launch massive operation

The Capital Development Authority (CDA) has decided to launch a massive operation to evacuate its land and has demanded support from Islamabad Capital Territory (ICT) Administration and Islamabad Police in order to make this operation a success.
Published 08 Feb, 2011 12:00am
CCTV camera installed at district courts

CCTV camera installed at district courts

An advanced CCTV camera has been installed in the District Courts premises for the surveillance of security affairs under the arrangements of city district government. EDOR, Liaqat Ali Chatha informed that 9 CCTV cameras had been installed on the entry an
Published 08 Feb, 2011 12:00am
150,000 BISP beneficiaries to get free mobiles in first phase

150,000 BISP beneficiaries to get free mobiles in first phase

Around 150,000 Benazir Income Support Programme (BISP) beneficiaries would be provided free mobiles for improved delivery system of cash grants through Mobile Phone Banking. A BISP official told APP on Monday that the registered beneficiaries of Musakhel,
Published 08 Feb, 2011 12:00am
Over 2.4 million saplings to be planted in capital

Over 2.4 million saplings to be planted in capital

More than 2.4 million saplings would be planted in the Federal capital during the three-year clean and green capital programme. "Over 1.8 million trees have been planted during the three year programme which started in 2009 and this would be the last year
Published 08 Feb, 2011 12:00am
Blasts rock two police stations in Karachi

Blasts rock two police stations in Karachi

Simultaneous bomb blasts at two police stations rocked the city in the wee hours on Monday. According to police sources, two locally-made bombs jolted Eidgah and Shah Latif Town police stations at 9am, leaving a woman injured. They said these low-intensit
Published 08 Feb, 2011 12:00am
Five Nato oil tankers attacked in Quetta

Five Nato oil tankers attacked in Quetta

Gunmen in Quetta attacked five oil tankers carrying supplies to Nato troops in Afghanistan, officials said Monday. The incident took place near the town of Mithri, some 230 kilometres south-east of Quetta. "Unknown gunmen fired at five Nato oil tankers. T
Published 08 Feb, 2011 12:00am
CEO KESC envisions 'accident-free KESC'

CEO KESC envisions 'accident-free KESC'

The Karachi Electric Supply Company (KESC) has made work safety of its employees top priority in the business plan and the ultimate vision is to make an "accident free KESC." This was stated by Tabish Gauhar, CEO of KESC, at "Safety Leaders Award" ceremon
Published 08 Feb, 2011 12:00am
Educational workshop on financial literacy held at KPC

Educational workshop on financial literacy held at KPC

Visa, one of the leading payment solutions providers, has rolled out its financial literacy programme for media in Pakistan by organising the first educational workshop on financial literacy at the Karachi Press Club (KPC). Working with members of KPC and
Published 08 Feb, 2011 12:00am
Environment issue: 'industrialists to suggest changes in laws'

Environment issue: 'industrialists to suggest changes in laws'

Minister for Environment and Alternative Energy Sindh, Shaikh Mohammad Afzal has advised industrialists to suggest changes in prevailing environment laws so that they should be incorporated in laws making them more practical. Speaking at a meeting of Kora
Published 08 Feb, 2011 12:00am
Lepers to be provided job opportunities: Minister

Lepers to be provided job opportunities: Minister

The Sindh government will provide job opportunities to persons suffering from leprosy, said Sindh Minister for Health, Dr Sagheer Ahmed on Monday. The minister was chairing "World Leprosy Day" conference held at Government Leprosy Hospital, Mangopir.
Published 08 Feb, 2011 12:00am
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