AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-04-24
EU allows export of 281,000 tonnes of wheat

EU allows export of 281,000 tonnes of wheat

The European Union this week granted export licences for 281,000 tonnes of soft wheat, taking the total since the beginning of the July 2010/June 2011 season to 16.2 million tonnes, official data showed on Thursday. The total so far in 2010/11 remained we
Published 24 Apr, 2011 12:00am
India to sell 500,000 tonnes of grains to Bangladesh

India to sell 500,000 tonnes of grains to Bangladesh

Indian commerce minister Anand Sharma said on Saturday his country was ready to ship 500,000 tonnes of grain to Bangladesh under government to government deals. "We are ready to ship 300,000 tonnes of parboiled rice and 200,000 tonnes wheat to Bangladesh,
Published 24 Apr, 2011 12:00am
Burundi tea revenues fall

Burundi tea revenues fall

Burundi's tea export earnings fell 8 percent in March compared with the same month in the previous year, partly due to low supplies, a tea board official said on Friday. The country's state-run tea board (OTB) said it collected $2.09 million from the expo
Published 24 Apr, 2011 12:00am
Manila to re-tender import rights for rice

Manila to re-tender import rights for rice

The Philippines' National Food Authority (NFA) will seek new bids for import rights for 205,152 tonnes of rice, about one-third of the 600,000 tonne allocation for local traders, Agriculture Secretary Proceso Alcala said on Tuesday. At a tender last month
Published 24 Apr, 2011 12:00am
Indonesia slows corn purchases

Indonesia slows corn purchases

Pakistan sold some 50,000 tonnes of wheat to Southeast Asia this week on competitive offers, while India's corn sales to Indonesia took a hit after exporters raised offer prices. Wheat cargoes from Pakistan were quoted around $310-$315 a tonne, including
Published 24 Apr, 2011 12:00am
Rising inflation in China, India, Brazil support gold

Rising inflation in China, India, Brazil support gold

Investors should be wary of calling a top to gold's price rally, as the ease with which it has scaled fresh peaks even in the face of recovering risk appetite shows the breadth of underlying support for the metal. Gold's latest bull-run, which has seen pr
Published 24 Apr, 2011 12:00am
China's extended drought negative for cotton seedlings

China's extended drought negative for cotton seedlings

A drought in China's main cotton-growing region in the north is likely to continue, damaging cotton seedlings there, the China Cotton Association said on Thursday. "Most northern areas will see little precipitation and high temperatures in the coming 30 d
Published 24 Apr, 2011 12:00am
Jakarta to import 50,000 tonnes of raw sugar

Jakarta to import 50,000 tonnes of raw sugar

Indonesian state plantation firm PT Perkebunan Nusantara X plans to import 50,000 tonnes of raw sugar to fill capacity during the cane milling season, which starts in May, a company official said on Thursday. The plan to import raw sugar was normal, aimin
Published 24 Apr, 2011 12:00am
Speculators raise bullish bets on US corn

Speculators raise bullish bets on US corn

Speculators raised their bullish bets on Chicago corn futures as wet weather delayed seeding of the US crop at a time when stocks in top exporter, the United States, are at their tightest since the 1930s. Hedge funds and other financial investors raised t
Published 24 Apr, 2011 12:00am
Vietnam rice exports so far in 2011 jump 31.7 percent

Vietnam rice exports so far in 2011 jump 31.7 percent

Vietnam's rice exports so far this year rose 31.7 percent from a year earlier to 2.2 million tonnes, an industry report said on Friday, on track to bring the annual volume to a record high. Rising shipments from the world's second-largest exporter of Asia
Published 24 Apr, 2011 12:00am
Asian cocoa: inquiries keep butter steady; eyes on Ivory Coast

Asian cocoa: inquiries keep butter steady; eyes on Ivory Coast

Last-minute purchases by chocolate makers ahead of the Easter holiday kept butter prices steady in Asia, but any resumption of bean export from Ivory Coast could put pressure on the physical market, dealers said on Thursday. Cocoa butter, a key ingredient
Published 24 Apr, 2011 12:00am
Gold breaks above $1,500, oil gains

Gold breaks above $1,500, oil gains

Gold prices topped $1,500 last week for the first time on record due to concerns over rising global inflation and debt levels, while oil advanced in volatile trade. Markets will shut Friday on both sides of the Atlantic for the long Easter holiday break.
Published 24 Apr, 2011 12:00am
Malaysia reviews safety of rare earth plant

Malaysia reviews safety of rare earth plant

Malaysia said Friday it is appointing international experts to investigate whether a refinery being built by Australian miner Lynas Corp Ltd to process rare earth minerals presents any threat of radioactive pollution. The plant in Malaysia's central Pahan
Published 24 Apr, 2011 12:00am
Wal-Mart tests online grocery delivery in California

Wal-Mart tests online grocery delivery in California

Wal-Mart Stores Inc has begun testing an online grocery delivery service in San Jose, California, a company spokesman said on Saturday. The world's biggest retailer had been rumoured to be considering dipping its toe into online grocery delivery for the p
Published 24 Apr, 2011 12:00am
US default could be doomsday option for economy

US default could be doomsday option for economy

The United States has never defaulted on its debt and Democrats and Republicans say they don't want it to happen now. But with partisan acrimony running at fever pitch, and Democrats and Republicans so far apart on how to tame the deficit, the unthinkable
Published 24 Apr, 2011 12:00am
Portuguese deficit for 2010 raised

Portuguese deficit for 2010 raised

Portugal's budget deficit for 2010 was revised upwards to 9.1 percent of gross domestic product against 8.6 percent announced earlier, the national statistical institute said Saturday. The body informed Eurostat, the European statistical office charged wi
Published 24 Apr, 2011 12:00am
Microsoft bumps pay to keep 'top talent'

Microsoft bumps pay to keep 'top talent'

Microsoft said Friday it was raising pay for employees to retain "top talent" in the fiercely competitive market for skilled technology workers. "Through our history, we have been THE place people came when they wanted to make a difference in the world th
Published 24 Apr, 2011 12:00am
Obama sees no magic bullet to push down gas prices

Obama sees no magic bullet to push down gas prices

President Barack Obama told Americans on Saturday there is no "magic bullet" to bring down high gasoline prices and said he wants to end what he called $4 billion in taxpayer subsidies to oil and gas companies. Obama is feeling the heat from gasoline pric
Published 24 Apr, 2011 12:00am
Dubai's Al Khaleej Sugar restarts production

Dubai's Al Khaleej Sugar restarts production

Dubai's Al Khaleej Sugar refinery, one of the largest sugar refineries in the world, said on Saturday it had restarted operations. "Al Khaleej Sugar refinery has resumed production from today and is expected to produce 6,000 metric tonnes per day," Cyrus
Published 24 Apr, 2011 12:00am
UK teachers to ballot for strike on pension reform

UK teachers to ballot for strike on pension reform

Britain's teachers are set to launch the first challenge to proposed government reforms of public sector pensions after one of the largest education unions agreed on Saturday to ballot members on strike action.
Published 24 Apr, 2011 12:00am
Indian firms to invest $3.5 billion in Bangladesh

Indian firms to invest $3.5 billion in Bangladesh

Indian commerce minister Anand Sharma said on Saturday his country's firms were ready to invest $3.5 billion in Bangladesh's private sector. "We have $3.5 billion in the pipeline for investment in Bangladesh in the private sector," Sharma told a joint new
Published 24 Apr, 2011 12:00am
BoJ sees Japan economy contraction in January-June

BoJ sees Japan economy contraction in January-June

Bank of Japan Governor Masaaki Shirakawa said the country's economy will likely shrink in the first half of 2011 due mainly to stalled output in the wake of Japan's March 11 earthquake and tsunami, the Wall Street Journal reported on Saturday.
Published 24 Apr, 2011 12:00am
Euro restructuring could overshadow Lehman: ECB's Stark

Euro restructuring could overshadow Lehman: ECB's Stark

A sovereign debt restructuring in a euro zone state could trigger a banking crisis worse than that unleashed by the collapse of Lehman Brothers, ECB Executive Board member Juergen Stark said. In comments released on the Web site of German broadcaster ZDF
Published 24 Apr, 2011 12:00am
Former Sony chief Ohga dies

Former Sony chief Ohga dies

Former Sony President and Chairman Norio Ohga, who gave up a career as an opera singer to join the fledgling consumer electronics maker in the 1950s and later led its expansion into movies and video games, died on Saturday, the company said. He was 81.
Published 24 Apr, 2011 12:00am
Shanghai offers fee cuts to defuse drivers' strike at port

Shanghai offers fee cuts to defuse drivers' strike at port

The government of the Chinese city of Shanghai is cutting some fees to defuse striking truck drivers' anger over high fuel prices, an official spokesman said on Saturday, after days of confrontation earlier this week disrupted the world's busiest port.
Published 24 Apr, 2011 12:00am
US man gets eight years prison in $80 million ATM Ponzi scam

US man gets eight years prison in $80 million ATM Ponzi scam

An Arkansas man was sentenced on Friday to eight years and four months in prison for helping run what prosecutors called an $80 million Ponzi scheme involving automated teller machines that were never bought. Walter Netschi, 64, was sentenced by US Distri
Published 24 Apr, 2011 12:00am
Panasonic to build new lithium battery plant in China

Panasonic to build new lithium battery plant in China

Japanese electronics maker Panasonic Corp plans to build a new lithium-ion battery plant in China in the financial year starting in April 2012 to boost its cost competitiveness, a source familiar with the matter told Reuters on Saturday. Panasonic plans t
Published 24 Apr, 2011 12:00am
Myanmar to expand oil, gas exploration with foreign partners

Myanmar to expand oil, gas exploration with foreign partners

Myanmar's government plans to explore oil and gas in three new areas with companies from China, Singapore and South Korea, state media reported on Saturday. State-owned Myanmar Oil and Gas will sign contracts with North Petro-Chem Corporation Limited of C
Published 24 Apr, 2011 12:00am
Swiss SVP against capital rules, wants banks split

Swiss SVP against capital rules, wants banks split

The popular right-wing Swiss People's Party (SVP) is against government plans proposed this week to tighten regulation of the country's biggest banks, saying it wants them split up to cut risk to the Swiss economy. Christoph Blocher, former justice minist
Published 24 Apr, 2011 12:00am
Libya rebel oil firm plays down export prospects

Libya rebel oil firm plays down export prospects

Libyan rebels are unlikely to export any more oil until they are able to resume production but are keeping in touch with potential buyers, an oil official in the opposition-held east said on Monday. The rebels control fields owned by the Arabian Gulf Oil
Published 24 Apr, 2011 12:00am
Mizuho Bank head to resign over computer glitch

Mizuho Bank head to resign over computer glitch

The head of Mizuho Bank, the retail banking unit of Japan's second-largest lender Mizuho Financial Group, will resign by June over a massive computer glitch, the Asahi newspaper reported on Saturday. Mizuho was hit by the glitch last month after accounts
Published 24 Apr, 2011 12:00am
LUKOIL says 2011 crude output to fall to 97.5 million tonnes

LUKOIL says 2011 crude output to fall to 97.5 million tonnes

Russia's No 2 oil major LUKOIL expects crude production to fall to 97-97.5 million tonnes in 2011, company CEO Vagit Alekperov said on Saturday. The country's biggest private oil producer saw an output of 98 million tonnes of oil in 2010.
Published 24 Apr, 2011 12:00am
Rouble off highs, but little moved by exporters' pleas

Rouble off highs, but little moved by exporters' pleas

The rouble dipped on Friday but held close to 30-month highs recorded in the previous session, showing little reaction after Prime Minister Vladimir Putin supported calls from exporters to keep the soaring currency in check. The rouble slid seven kopecks
Published 24 Apr, 2011 12:00am
African currency outlook

African currency outlook

The Nigerian naira is seen strengthening in the week to next Thursday, lifted by dollar flows from the energy sector, and the Ugandan shilling is expected to weaken if food and fuel price protests persist, traders said.
Published 24 Apr, 2011 12:00am
Euribor rates continue on upward path

Euribor rates continue on upward path

Key euro-priced bank-to-bank lending rates hit their highest levels in almost two years on Thursday as markets continue to digest policymaker comments about future rate path. The European Central Bank raised euro zone rates by a quarter of a percent to 1.
Published 24 Apr, 2011 12:00am
Swiss franc to vie with yen to fund carry trades

Swiss franc to vie with yen to fund carry trades

The Swiss franc is set to compete with the Japanese yen to be the currency of choice for investors seeking to fund investments in higher-yielding and riskier assets in coming months. The Swiss National Bank's dovish stance could see a recent franc sell-of
Published 24 Apr, 2011 12:00am
Sumitomo Life to keep full hedging on foreign bonds

Sumitomo Life to keep full hedging on foreign bonds

Japan's Sumitomo Life Insurance said it plans to keep its exposure to foreign bonds fully hedged in the financial year to March 2012 as the US economy is not strong enough to keep the dollar in an constant uptrend.
Published 24 Apr, 2011 12:00am
Sumitomo Life to keep full hedging on foreign bonds

Sumitomo Life to keep full hedging on foreign bonds

Japan's Sumitomo Life Insurance said it plans to keep its exposure to foreign bonds fully hedged in the financial year to March 2012 as the US economy is not strong enough to keep the dollar in an constant uptrend.
Published 24 Apr, 2011 12:00am
Unrest-led outflows from Gulf markets not material

Unrest-led outflows from Gulf markets not material

Foreign investor outflows from Gulf Arab markets during recent political unrest have been significantly lower than those seen during the financial crisis, the regional head of custody at HSBC said.
Published 24 Apr, 2011 12:00am
Tokyo bourse to delay corporate bond market start over nuke crisis

Tokyo bourse to delay corporate bond market start over nuke crisis

Japan's ongoing nuclear crisis will delay Tokyo Stock Exchange's plan to launch a corporate bond market as it has sapped the appetite of firms to sell debt, the head of the venture said. "No one is committing at the moment," Tetsutaro Muraki who is leadin
Published 24 Apr, 2011 12:00am
IPO flood could slow Chile bourse's record run

IPO flood could slow Chile bourse's record run

A stampede of initial public offerings and capital-raising on the Chilean stock exchange this year could slow its charge to record highs as investors sell holdings to make room for new issues.
Published 24 Apr, 2011 12:00am
Sri Lanka shares ease

Sri Lanka shares ease

Sri Lanka's main share index fell 0.24 percent or 17.68 points weaker, its fourth straight fall, on retail profit-taking in oil palm and diversified shares in thin volume and turnover. It hit a record closing high on February 14.
Published 24 Apr, 2011 12:00am
Turkish bonds and lira firm

Turkish bonds and lira firm

Turkey's lira and bonds firmed on Thursday after the central bank made a surprise increase to banks' required reserve ratios (RRR) at the first policy committee meeting chaired by new governor Erdem Basci.
Published 24 Apr, 2011 12:00am
Turkish bonds and lira firm

Turkish bonds and lira firm

Turkey's lira and bonds firmed on Thursday after the central bank made a surprise increase to banks' required reserve ratios (RRR) at the first policy committee meeting chaired by new governor Erdem Basci.
Published 24 Apr, 2011 12:00am
Asahi Life may trim currency hedging on foreign bonds

Asahi Life may trim currency hedging on foreign bonds

Japan's Asahi Life plans to increase its foreign bond holdings in the current business year to next March and may trim its currency hedging against them if rate hike expectations rise in Europe and the United States, a senior executive said on Thursday.
Published 24 Apr, 2011 12:00am
Asahi Life may trim currency hedging on foreign bonds

Asahi Life may trim currency hedging on foreign bonds

Japan's Asahi Life plans to increase its foreign bond holdings in the current business year to next March and may trim its currency hedging against them if rate hike expectations rise in Europe and the United States, a senior executive said on Thursday.
Published 24 Apr, 2011 12:00am
Indian bond yields drift in thin trade

Indian bond yields drift in thin trade

Indian federal bond yields sat tight in low volumes on Thursday as most investors preferred to stay on the sidelines before a long weekend, but traders say some retracement in bond prices and swaps is likely next week. Traders said the absence of a bond s
Published 24 Apr, 2011 12:00am
Indian bond yields drift in thin trade

Indian bond yields drift in thin trade

Indian federal bond yields sat tight in low volumes on Thursday as most investors preferred to stay on the sidelines before a long weekend, but traders say some retracement in bond prices and swaps is likely next week. Traders said the absence of a bond s
Published 24 Apr, 2011 12:00am
Azerbaijan oil fund eyes overseas equities

Azerbaijan oil fund eyes overseas equities

Oil-producing Azerbaijan plans to begin investing in publicly traded shares and real estate abroad in 2011 with cash from its $26 billion rainy-day oil fund, the fund's executive director said on Thursday. The state oil fund holds revenues from oil contra
Published 24 Apr, 2011 12:00am
LSE eyes Spanish growth, rival mergers

LSE eyes Spanish growth, rival mergers

The London Stock exchange plans to be the first to go head-to-head with the Spanish exchange next month as Europe's top trading venues look to pile into the last untapped market in the region. Europe's main stock markets, including the LSE, NYSE Euronext
Published 24 Apr, 2011 12:00am
Napoli title hopes fade following Palermo defeat

Napoli title hopes fade following Palermo defeat

Napoli's small Serie A title hopes all but mathematically died on Saturday as they lost 2-1 at Palermo. And it was worse news for Bari, who were relegated to Serie B with four matches still to play following their 1-0 defeat at home to Sampdoria.
Published 24 Apr, 2011 12:00am
Hernandez leaps late to send United nine clear

Hernandez leaps late to send United nine clear

Manchester United edged closer to a record 19th championship title on Saturday when Mexico striker Javier Hernandez struck six minutes from time to secure a 1-0 home win over Everton and take them nine points clear in the Premier League.
Published 24 Apr, 2011 12:00am
U-18 Asia Hockey Cup from June 17

U-18 Asia Hockey Cup from June 17

As many as 10 teams are participating in third Boys U-18 Asia Hockey Cup to be played from June 17 at Singapore. Pakistan has been placed in Pool A with hockey teams of Brunei, Chinese Taipei, Kazakhstan and Singapore. Pool B is comprised of China, South
Published 24 Apr, 2011 12:00am
India coach Houghton quits after racism charges dropped

India coach Houghton quits after racism charges dropped

India's national team coach Bob Houghton has resigned after racism charges levelled against him were dropped, the country's soccer federation said on Saturday. Houghton, who took over in 2006 and had a contract running to 2013, described as "nonsensical"
Published 24 Apr, 2011 12:00am
West Indies fined for slow over rate against Pakistan

West Indies fined for slow over rate against Pakistan

West Indies have been fined for a slow over rate during Thursday's seven-run victory over Pakistan in a Twenty20 match, the International Cricket Council (ICC) said on Friday. Darren Sammy's new-look side were ruled to be one over short of their target at
Published 24 Apr, 2011 12:00am
Hong Kong soccer star jumps to death

Hong Kong soccer star jumps to death

One of Hong Kong's best known soccer stars jumped to his death after an argument with his wife, reports said Saturday, as tributes poured in from the city's soccer community. Cheung Sai-ho, 35, was named the city's most valuable player in 2003 and was a h
Published 24 Apr, 2011 12:00am
Invisible man Valthaty puts IPL stars in shade

Invisible man Valthaty puts IPL stars in shade

Paul Valthaty may not inspire much confidence when he trudges in to bat - no funky haircut and no flashy bling on show at the glitzy, celebrity-centred Indian Premier League. But the 27-year-old is still commanding the loudest cheer from fans and utmost r
Published 24 Apr, 2011 12:00am
Sajjad makes impressive start in Asian Snooker

Sajjad makes impressive start in Asian Snooker

Top seed Muhammad Sajjad got off an impressive start on the opening day of 27th Asian Snooker Championship when he defeated Ahmed Hassan Hadi of Iraq 4-1 in Indore (India) on Saturday, according to a message received here. 26-year-old from Sargodha, a 2-t
Published 24 Apr, 2011 12:00am
Goerges downs Stosur to reach Stuttgart final

Goerges downs Stosur to reach Stuttgart final

Julia Goerges became the first German for 15 years to reach the final of Stuttgart's WTA tournament when she beat Australia's Samantha Stosur in Saturday's semi-final. Goerges needed two hours 16 minutes to inflict a 6-4, 3-6, 7-5 win over fifth-seed Stos
Published 24 Apr, 2011 12:00am
Nadal into Barcelona final with 500th win

Nadal into Barcelona final with 500th win

Five-time champion Rafael Nadal recorded his 500th career win on Saturday to reach the Barcelona Open final where he will meet fellow Spaniard David Ferrer. Nadal managed a 6-3, 6-2 victory over 56th-ranked Croatian Ivan Dodig, which saw the 24-year-old b
Published 24 Apr, 2011 12:00am
Thousands gather in support of Chad poll boycott

Thousands gather in support of Chad poll boycott

Thousands of people gathered in Chad's capital Saturday for a meeting organised by opposition leaders urging them to join a boycott of next week's presidential "election circus". "To vote on April 25 is to commit suicide. It is to self-destruct," said an
Published 24 Apr, 2011 12:00am
Iraqi Prime Minister pledges not to ask for US troop extension

Iraqi Prime Minister pledges not to ask for US troop extension

Iraqi Prime Minister Nuri al-Maliki has pledged that Baghdad would not ask US troops to stay in the country beyond a year-end pullout, his office said on Saturday. Maliki said that the decision had been taken despite Iraq's desire for stronger military ti
Published 24 Apr, 2011 12:00am
Thaksin urges army to stay out of Thai politics

Thaksin urges army to stay out of Thai politics

Thailand's fugitive ex-leader Thaksin Shinawatra Saturday urged the military not to meddle in politics and pledged allegiance to the throne as he outlined the opposition's election platform. The former billionaire telecoms tycoon was ousted in a 2006 mili
Published 24 Apr, 2011 12:00am
St Louis airport closed after storm, homes flattened

St Louis airport closed after storm, homes flattened

The St. Louis airport was closed on Saturday after a vicious storm that spawned tornadoes ripped through the area, damaging airport buildings and destroying dozens of homes. Pictures from television helicopters showed housing subdivisions levelled by the
Published 24 Apr, 2011 12:00am
Fresh fighting on Thai-Cambodia border kills four soldiers

Fresh fighting on Thai-Cambodia border kills four soldiers

A second day of fighting between Thai and Cambodian troops on Saturday killed at least four soldiers, bringing the two-day death toll to 11, the worst bloodshed since the United Nations called for a cease-fire in February. Thousands of villagers have been
Published 24 Apr, 2011 12:00am
Japan seeks stronger military ties with US

Japan seeks stronger military ties with US

Japan's defence minister said his country needs stronger military ties with the US and South Korea to balance China's growing might, the Wall Street Journal reported Saturday. In an interview with the paper, Defence Minister Toshimi Kitazawa said relation
Published 24 Apr, 2011 12:00am
Afghan insurgents shoot down Nato chopper; one dead

Afghan insurgents shoot down Nato chopper; one dead

Insurgents shot down a Nato helicopter Saturday in a mountainous area of eastern Afghanistan where fighting has intensified, and one foreign service member was killed, the alliance said. The US-led military coalition said the death of the service member w
Published 24 Apr, 2011 12:00am
Two US soldiers killed in Iraq

Two US soldiers killed in Iraq

Two American soldiers have been killed during a mission in southern Iraq, the US military said on Saturday. The fatalities raised to 4,450 the number of US soldiers who have died in Iraq since the 2003 US-led invasion to oust Saddam Hussein, according to
Published 24 Apr, 2011 12:00am
Khamenei's warning appears to rebuke president

Khamenei's warning appears to rebuke president

Iran's supreme leader warned Saturday he will intervene in the government's affairs whenever necessary in a rebuke to President Mahmoud Ahmadinejad for challenging the clerical leader's all-encompassing authority. Their most recent confrontation involved
Published 24 Apr, 2011 12:00am
Philippine rescuers save 15 miners after landslide

Philippine rescuers save 15 miners after landslide

Philippine rescuers, using shovels and bare hands, searched on Saturday for survivors of a landslide that swept through a shanty town in a mining area on the southern island of Mindanao. Officials said 15 miners had been rescued under layers of mud that c
Published 24 Apr, 2011 12:00am
Iraqi Shias want Saudis to withdraw from Bahrain

Iraqi Shias want Saudis to withdraw from Bahrain

Hundreds of Iraqi Shias rallied in Baghdad on Saturday to demand the immediate withdrawal of Saudi troops from Bahrain, which has sparked reminders of Iraq's own sectarian divide. Shias in Iraq, Lebanon and Iran have expressed anger over the movement of f
Published 24 Apr, 2011 12:00am
Twelve killed in pro-democracy protests in Syria

Twelve killed in pro-democracy protests in Syria

Syrian forces killed at least 12 people on Saturday when they fired on mourners calling for the end of President Bashar al-Assad's rule at mass funerals of pro-democracy protesters shot a day earlier. Witnesses said the mourners were chanting "Bashar al-A
Published 24 Apr, 2011 12:00am
PPP to continue politics of reconciliation: Firdous

PPP to continue politics of reconciliation: Firdous

Minister for Information and Broadcasting Firdous Ashiq Awan said on Saturday the PPP will continue to pursue politics of reconciliation while taking along all political parties on important national issues. She said starting dialogue with Pakistan Muslim
Published 24 Apr, 2011 12:00am
MOL holds free medical camp

MOL holds free medical camp

MOL Pakistan - a Hungary based oil and gas, exploration company on Saturday held a one day free medical camp at Alwargi Banda-Makori East-1, of TAL Block for provision of health care facilities to underprivileged communities, especially in areas of operat
Published 24 Apr, 2011 12:00am
PPP to play 'Sindh card' if NRO review plea is dismissed

PPP to play 'Sindh card' if NRO review plea is dismissed

Pakistan People's Party (PPP) will play the Sindh card if the Apex Court dismisses the review petition on National Reconciliation Ordinance (NRO) case, well informed sources in the PPP told Business Recorder. PPP stalwarts believe that the Sindh ca
Published 24 Apr, 2011 12:00am
President felicitates Christians on Easter

President felicitates Christians on Easter

Co-chairman Pakistan Peoples Party President Asif Ali Zardari felicitating the Christians on the occasion of Easter on Sunday (April 24) has vowed to work for the promotion of human equality, religious tolerance and interfaith harmony. "I felicitate the C
Published 24 Apr, 2011 12:00am
'Youth and women empowerment' exhibition concludes

'Youth and women empowerment' exhibition concludes

A two-day exhibition held here under the auspices of Women Business Development Centre (WBDC), with the theme 'Youth and Women Empowerment', concluded here on Saturday. The exhibition was participated by the students of public and private sector universit
Published 24 Apr, 2011 12:00am
Iranian Interior Minister to visit Pakistan shortly

Iranian Interior Minister to visit Pakistan shortly

Iranian Interior Minister, Mushtafa Muhammad Nijar will visit Pakistan shortly to discuss possibility of improvement in intelligence sharing and evolving a common counter terrorism strategy in the region. Ambassador of Iran to Pakistan, Mashallah Shakiri
Published 24 Apr, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco spokesman, due to electricity maintenance/development work the power supply of the areas would remain suspended as under: On Sunday 24th April morning 8 am to 10 pm, Pak China Center feeder, CDA feeder, Pindoriyan feeder, Pak Saudia Bui
Published 24 Apr, 2011 12:00am
Energy summit conference next month: Khalid

Energy summit conference next month: Khalid

Director General Pepco Engineer Muhammad Khalid on Saturday said that energy summit conference will be held in the first week of May to chalk out new conservation plan and this would save 1500MW power. Talking to a private news channel, he hoped that load
Published 24 Apr, 2011 12:00am
Capital police nab 21 suspects

Capital police nab 21 suspects

Islamabad Police in its drive against the outlaws have nabbed 21 persons for alleged involvement in drug pushing, frauds, immoral activities and other crimes, said a spokesman of Islamabad Police, here on Saturday. Islamabad Police have arrested three dru
Published 24 Apr, 2011 12:00am
Pharma companies raise prices arbitrarily

Pharma companies raise prices arbitrarily

This refers to the news item captioned, "Pharma cos raise prices arbitrarily" dated 10.4.2011 by Tahir Amin. The article carries some glaring misinformation and has attempted to portray the pharma industry as a villain. We feel strongly that the facts sho
Published 24 Apr, 2011 12:00am
What's economic freedom?

What's economic freedom?

Basically, the word freedom defines its own ideology (free to practice its own conception of good) the same logic applies within the economic paradigm that, an individual or set of individuals, institution or set of institutions, nation or set of nations
Published 24 Apr, 2011 12:00am
State of education

State of education

Pakistan's education system has failed to equip the youth with the skills necessary for the development of a modern state, society and economy. The government-run schools and colleges educate the vast majority of children. But their performance compared t
Published 24 Apr, 2011 12:00am
Pakistan floods 2010 and power system

Pakistan floods 2010 and power system

Two news items have made headlines - the first extremely positive was to the effect that this time around the country is happily heading towards a bumper crop and the second that the ADB provides US $650 million to help rebuild the flood-damaged infrastru
Published 24 Apr, 2011 12:00am
Inexcusable negligence of water rights

Inexcusable negligence of water rights

A press report has brought to light what can only be described as a case of criminal negligence involving this country's water rights. Pakistani officials slept on their jobs as India kept building hydropower projects in violation of the Indus Water Treat
Published 24 Apr, 2011 12:00am
Please don't foster gun culture

Please don't foster gun culture

Even if half of the information on the booming gun culture in the country placed before a Senate sub-committee on Wednesday was correct, we as ordinary citizens of Pakistan would tend to believe that of the list of various elements promoting criminality i
Published 24 Apr, 2011 12:00am
Mukhtaran Mai case: Aitzaz to file review petition

Mukhtaran Mai case: Aitzaz to file review petition

Chaudhry Aitzaz counsel of Mukhtaran Mai has announced to challenge the Supreme Court verdict on her case through a review petition. In a press release issued here Saturday, Aitzaz said "I have consulted with Mukhatarn Mai, and we have decided that a peti
Published 24 Apr, 2011 12:00am
CPSP offers specialisation in 67 disciplines

CPSP offers specialisation in 67 disciplines

College of Physicians and Surgeons Pakistan (CPSP) offers specialization in 67 disciplines apart from providing training to more than 90% fellows. President CPSP Professor Zafar Ullah Chaudhry informed journalists that the college would hold joint confere
Published 24 Apr, 2011 12:00am
Passco to start wheat procurement from April 30

Passco to start wheat procurement from April 30

Pakistan Agriculture Storage and Services Corporation (Passco) announced here on Saturday to start wheat procurement from April 30, 2011 saying recent rains and moisture in wheat has delayed the process of by one week. However, the gunny bag distribution
Published 24 Apr, 2011 12:00am
Non-payment of salaries: Christians block roads

Non-payment of salaries: Christians block roads

Christians serving in Children Complex, Multan, on Saturday staged a demonstration and blocked the city's main road by observing sit-in as protest against non-payment of their salaries before Easter as directed by both federal and provincial governments.
Published 24 Apr, 2011 12:00am
Ministry receives over 50,000 Hajj applications in nine days

Ministry receives over 50,000 Hajj applications in nine days

The Ministry of Religious Affairs has received more than 50,000 Hajj applications in just nine days under government scheme, official sources told APP here on Saturday. The Ministry on April 15 started collecting applications from across the country throu
Published 24 Apr, 2011 12:00am
'Maintenance of law, order a must for economic development'

'Maintenance of law, order a must for economic development'

Capital City Police Officer (CCPO), Muhammad Aslam Tareen has said maintenance of law and order is a must for economic development in the country. The CCPO has directed establishment of Darbar committees in every area of the city to make foolproof arrange
Published 24 Apr, 2011 12:00am
Khyber Pakhtunkhwa to present balanced budget: minister

Khyber Pakhtunkhwa to present balanced budget: minister

Khyber Pakhtunkhwa (KP) Minister for Finance Muhammad Humayun Khan has said that detailed consultations with elected public representatives for preparation of a balanced budget for the next financial year 2011-12 are underway. Addressing a pre-budget Jirg
Published 24 Apr, 2011 12:00am
Previous Day