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Print - 2011-05-14
Nikkei hits two-week low

Nikkei hits two-week low

Tokyo stocks fell to a two-week low in heavy volume on Friday as bank shares tumbled after the government's top spokesman sparked concerns that banks are likely to be asked to ease troubled Tokyo Electric Power Co's loan burden. Shares in utilities also t
Published 14 May, 2011 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares slipped on Friday, led by falls in banks and automakers including Hana Financial Group Inc and Hyundai Motor Co , with selling by foreign investors weighing further. The Korea Composite Stock Price Index ended down 0.12 percent at 2,120.08 po
Published 14 May, 2011 12:00am
Eurozone debt worries hit European shares

Eurozone debt worries hit European shares

European shares fell on Friday, weighed down by hawkish comments from European Central Bank Governor Jean-Claude Trichet on the peripheral eurozone sovereign debt crisis, plus a rise in US inflation to a 2-1/2 year high in April. The pan-European FTSEurof
Published 14 May, 2011 12:00am
Growth doubts hamper fragile FTSE 100 index

Growth doubts hamper fragile FTSE 100 index

Britain's top share index closed lower on Friday after a slight recovery in battered metal prices failed to restore confidence in the sustainability of the global economic recovery. Commodity stocks were the biggest drag on the FTSE 100 and the mining ind
Published 14 May, 2011 12:00am
Money markets: Greek woes may cause volatility on ECB curve

Money markets: Greek woes may cause volatility on ECB curve

Eurozone interest rate hike bets for 2011 were stable on Friday after strong economic growth figures, with their resilience seen leaving room only for opportunistic trades during bouts of Greece-related volatility. Expectations the European Central Bank w
Published 14 May, 2011 12:00am
Euro off six-week low in Asia

Euro off six-week low in Asia

The euro fell against the dollar on Friday but remained above a six-week low, finding some respite after commodities bounced off their overnight lows and as investors refocused their attention on the prospects for a further rise in eurozone interest rates
Published 14 May, 2011 12:00am
Euro gains in London

Euro gains in London

The euro rose against the dollar on Friday after strong growth data in Germany and France bolstered expectations a healthy eurozone economy will keep interest rates in the region higher than their US equivalents. But some analysts said the euro's rebound
Published 14 May, 2011 12:00am
Early trade in New York: Euro falls

Early trade in New York: Euro falls

The euro traded lower against the dollar on Friday as investors refocused on eurozone debt issues ahead of meetings by finance officials in Brussels. A meeting of Eurogroup finance ministers, followed by an Ecofin meeting of EU finance ministers on Monday
Published 14 May, 2011 12:00am
Euro edges up in New York

Euro edges up in New York

The euro edged higher from a six-week low against the US dollar on Thursday as investors shrugged off worries about Greece and refocused attention on higher interest rates in the eurozone. The European Central Bank's April interest rate rise was "certainl
Published 14 May, 2011 12:00am
Australian and New Zealand dollars slip

Australian and New Zealand dollars slip

The Australian and New Zealand dollars slipped against the euro on Friday after upbeat growth data from France and Germany gave the common currency a bit of a lift. The euro rose 0.1 percent to A$1.3360, well off this week's 5-month trough of A$1.3220. Bu
Published 14 May, 2011 12:00am
Indian rupee up

Indian rupee up

The Indian rupee gained on Friday in tandem with the surge in domestic equities and the common European currency's rise. The partially convertible rupee ended at 44.85/86 per dollar after moving in a 44.83-45.05 range. It closed at 44.985/995 on Thursday.
Published 14 May, 2011 12:00am
Rate freeze hits won, baht up

Rate freeze hits won, baht up

Speculators bought emerging Asian currencies on expectations for a rebound from corrections in the euro and commodities, helping the South Korean won cut earlier losses incurred when the central bank's kept rates on hold. Exporters and interbanks also cha
Published 14 May, 2011 12:00am
Sterling lags euro

Sterling lags euro

Sterling slipped against the euro on Friday after stronger-than-expected German growth data reinforced the belief that eurozone interest rates would rise faster than the UK's, while the pound also trailed the dollar. Traders said the strong German and Fre
Published 14 May, 2011 12:00am
Swiss franc down versus euro

Swiss franc down versus euro

The Swiss franc edged lower against the dollar and the euro on Friday as fears regarding Greece's debt problems eased and markets await more Swiss macro data. Worries about the situation in Greece have weighed on the euro, but have helped the Swiss franc,
Published 14 May, 2011 12:00am
Yuan moves up versus dollar

Yuan moves up versus dollar

The yuan ended up slightly against the dollar on Friday, paring the morning's losses as the dollar index dropped during early European trade. Dealers said investors were adopting a wait-and-see attitude and the dollar's performance would likely guide the
Published 14 May, 2011 12:00am
Schalke debt climbs to 155 million euros

Schalke debt climbs to 155 million euros

The level of debt at Champions League semi-finalists Schalke 04 has risen from 20 million euros to 155 million euros ($220m), the German club announced on Friday. "We have invested a lot in the team in order to be competitive in the Champions League," the
Published 14 May, 2011 12:00am
D'Oliveira medals stolen

D'Oliveira medals stolen

Medals and artefacts belonging to former Worcestershire and England all-rounder Basil D'Oliveira have been stolen. Thieves took the items from an exhibition highlighting D'Oliveira's career in the main members pavilion at Midlands county Worcestershire's
Published 14 May, 2011 12:00am
Safina takes career break

Safina takes career break

Former women's number one, Dinara Safina of Russia, will take an indefinite break from her tennis careeer to recover from a back injury, she told a Russian newspaper in an interview published on Friday. Safina, 25, told Sport Express newspaper that she wo
Published 14 May, 2011 12:00am
FA Cup final record winners

FA Cup final record winners

Manchester City have won the FA Cup four times and Stoke have never even played in a final before. Here we look at which clubs have won the Cup in the competition's long and illustrious history:
Published 14 May, 2011 12:00am
Man City face defining moment in FA Cup final

Man City face defining moment in FA Cup final

Manchester City will attempt to end 35 years of failure on Saturday when they face Stoke in an FA Cup final which threatens to be upstaged by Manchester United's record 19th league title. Wembley's hosting of the May 28 Champions League final means that f
Published 14 May, 2011 12:00am
Liverpool set up academy in Indonesia

Liverpool set up academy in Indonesia

Liverpool will set up a youth academy in Indonesia, their first outside Europe, as the Premier League soccer side seek to increase their global commercial presence, the club said on Friday. Working with the British Chamber of Commerce in Indonesia, Liverp
Published 14 May, 2011 12:00am
Pakistan spinners put brakes on West Indies

Pakistan spinners put brakes on West Indies

Pakistan's spin bowlers, led by four-wicket Saeed Ajmal, gave them early control of the first Test against West Indies on Thursday. Off-spinner Ajmal ended the opening day with four for 63 from 29 overs, as West Indies, electing to bat, reached 209 for ni
Published 14 May, 2011 12:00am
Chief Minister Punjab Cricket League underway

Chief Minister Punjab Cricket League underway

Chief Minister Punjab Summer Cricket League will come into action here from Saturday (today) at 10 grounds of the city. The League is a step forward to revive club cricket and infuse in it a new life at the grass root level to re-establish Lahore's status
Published 14 May, 2011 12:00am
Murali set to play in New Zealand

Murali set to play in New Zealand

Sri Lankan spin king Muttiah Muralitharan is to play in New Zealand's domestic Twenty20 competition next season after a deal was confirmed with the Wellington Firebirds on Friday. Muralitharan, who holds the records for the most wickets in Tests and one-d
Published 14 May, 2011 12:00am
SBP's Inter School twenty20 from May 14

SBP's Inter School twenty20 from May 14

To promote sports activities from grassroots level, the sports committee of State Bank of Pakistan (SBP) is organising an Inter School T20 Cricket Tournament from May 14-21 at SBP Sports Complex, North Nazimabad, Karachi. Qasim Nawaz, Managing Director, S
Published 14 May, 2011 12:00am
Nadal, Murray cruise into Rome semi-finals

Nadal, Murray cruise into Rome semi-finals

Rafael Nadal showed no signs of the fever that has been afflicting him this week as he strolled into the Rome Masters semi-finals here with a 6-1, 6-3 demolition of Marin Cilic. Earlier Andy Murray became the first British man to reach the Rome semis in t
Published 14 May, 2011 12:00am
Dhoni, Tendulkar and Zaheer rested for West Indies series

Dhoni, Tendulkar and Zaheer rested for West Indies series

India's World Cup-winning captain Mahendra Singh Dhoni, batting ace Sachin Tendulkar and paceman Zaheer Khan were Friday rested for next month's Twenty20 and One-day series in the West Indies. Left-handed opener Gautam Gambhir will lead the 16-member squa
Published 14 May, 2011 12:00am
Ukraine expels two Czechs for military espionage

Ukraine expels two Czechs for military espionage

Ukraine announced Friday that it was expelling two Czech embassy military attaches for spying in its military and arms trade business, in a scandal that adds to tense relations between the two states. Two attaches in the Czech embassy in Kiev have "used t
Published 14 May, 2011 12:00am
US visa lottery cancelled after computer error

US visa lottery cancelled after computer error

US officials revealed Friday they had canceled an annual visa lottery for citizens of poor nations, after a computer programme failed to make a random selection among some 20 million applicants. "Regrettably, the results that were previously posted on thi
Published 14 May, 2011 12:00am
India's top court imposes ban on 'toxic' pesticide

India's top court imposes ban on 'toxic' pesticide

India's top court on Friday temporarily banned use of the pesticide endosulfan, which the government has resisted blacklisting despite curbs imposed in 60 other countries over health concerns. India is the world's biggest producer and user of the controve
Published 14 May, 2011 12:00am
US House panel okays $690 billion in military spending

US House panel okays $690 billion in military spending

A US House of Representatives' committee approved on Thursday $690 billion for the US military complex in fiscal 2012, including the war in Afghanistan and transition in Iraq, likely a high-water mark. The Armed Services panel voted 60 to 1 to authorise $
Published 14 May, 2011 12:00am
Japan approves Tepco nuclear claims plan, reactor leaks

Japan approves Tepco nuclear claims plan, reactor leaks

Japan on Friday announced a plan to help Tokyo Electric Power compensate victims of the crisis at its tsunami-crippled nuclear plant without going broke while it struggles to resolve the worst nuclear crisis since Chernobyl. The plan, agreed after weeks o
Published 14 May, 2011 12:00am
Germany says EU sanctions on Iran bank likely

Germany says EU sanctions on Iran bank likely

The European Union is likely to impose sanctions on a German bank specialising in business in Iran for helping Tehran's disputed nuclear programme, a German official said on Friday. Germany has so far said it has been monitoring the bank, Hamburg-based EI
Published 14 May, 2011 12:00am
China bank bomb wounds 49, suspect caught

China bank bomb wounds 49, suspect caught

A petrol bomb set off on Friday by a disgruntled former employee at a rural bank in a Tibetan region of north-western China's Gansu province wounded 49 people, Xinhua news agency and the local government said. Nineteen people were seriously hurt in the bl
Published 14 May, 2011 12:00am
95 percent wheat harvest completes in Punjab

95 percent wheat harvest completes in Punjab

Though rains had delayed wheat harvest by about a fortnight last month yet 95 percent harvest has now been completed in Punjab, Director General agriculture extension services Dr Anjum Ali told Business Recorder here on Friday. He said that a reaso
Published 14 May, 2011 12:00am
Government has no role in extradition of citizens: LHC informed

Government has no role in extradition of citizens: LHC informed

The ministry of foreign affairs here Friday informed Lahore High Court that the government had no role in alleged extradition of seven Pakistani citizens to any foreign country from Afghanistan jail. This was stated in a written reply of the ministry to a
Published 14 May, 2011 12:00am
Jamaat-e-Islami condemns Charsada blast

Jamaat-e-Islami condemns Charsada blast

Jamaat-e-Islami Chief, Syed Munawar Hasan, former JI Chief, Qazi Husain Ahmed and JI Secretary General, Liaquat Baloch have strongly condemned the bomb blasts at Charsada in which many precious lives were lost. In a joint statement they said that killing
Published 14 May, 2011 12:00am
Egypt graft agency rules to detain Mubarak, wife

Egypt graft agency rules to detain Mubarak, wife

Egypt's anti-graft agency said on Friday it had questioned former President Hosni Mubarak and his wife in a probe into corruption charges and ordered both detained pending further investigations. Investigators interrogated Mubarak, who has denied wrongdoi
Published 14 May, 2011 12:00am
Yemen's Saleh defies crowds demanding his exit

Yemen's Saleh defies crowds demanding his exit

Huge crowds in Sanaa and other Yemeni cities demanded on Friday that President Ali Abdullah Saleh leave after months of unrest that has brought the Arab world's poorest country close to economic meltdown. But in a defiant speech to thousands of flag-wavin
Published 14 May, 2011 12:00am
Afghan policeman kills two Nato soldiers

Afghan policeman kills two Nato soldiers

An Afghan policeman shot dead two soldiers from the US-led Nato coalition, the latest incident of a gunman in uniform targeting foreign personnel, Nato officials said Friday. The policeman opened fire as the soldiers, whose nationalities have not been rel
Published 14 May, 2011 12:00am
Russia warns West against intervention in Syria

Russia warns West against intervention in Syria

Russian Foreign Minister Sergei Lavrov on Friday warned Western nations against intervening in Syria, saying any outside interference in fighting between supporters of the government and its opponents could make a dangerous situation worse.
Published 14 May, 2011 12:00am
Up to 850 killed in Syria

Up to 850 killed in Syria

Up to 850 Syrians may have been killed in a two-month military crackdown and thousands of demonstrators have been arrested, the United Nations human rights office said on Friday. "We again call on the government to exercise restraint, to cease use of forc
Published 14 May, 2011 12:00am
Protest in Syria

Protest in Syria

Thousands of Syrians demonstrated after weekly prayers on Friday, activists and witnesses said, keeping up a two-month-old campaign of calls to end autocratic rule, despite a military crackdown that has killed hundreds. With independent journalists barred
Published 14 May, 2011 12:00am
Swiss solar aircraft makes first international flight

Swiss solar aircraft makes first international flight

Pioneering Swiss solar-powered aircraft Solar Impulse ambled over Europe into Belgium on Friday on its first international flight, with the pilot reporting that everything was running smoothly. "The flight is going really well, I have just flown over Lieg
Published 14 May, 2011 12:00am
Libya denies report Qadhafi may be Wounded

Libya denies report Qadhafi may be Wounded

Italy said on Friday Muammar Qadhafi has very likely left the Libyan capital and probably been wounded by Nato air strikes, a report that Tripoli immediately dismissed as "nonsense". Italian Foreign Minister Franco Frattini said he heard the report on Qad
Published 14 May, 2011 12:00am
US finally makes famed 'Pentagon Papers' public

US finally makes famed 'Pentagon Papers' public

The US government on Thursday announced the release of the famed "Pentagon Papers," 40 years after the once top-secret Vietnam War documents were leaked to the media. The National Archives, the massive US repository for historic books and documents, annou
Published 14 May, 2011 12:00am
US Middle East envoy resigning

US Middle East envoy resigning

Special envoy to the Middle East, George Mitchell, is resigning after two years in office, US officials said Friday, in a move likely to further complicate the stalemated peace process "The president will have a paper statement with regard to that later t
Published 14 May, 2011 12:00am
Russia raps Amnesty

Russia raps Amnesty

Russia on Friday criticised Amnesty International's annual report on the country's human rights situation as "politically biased". "The authors of the report failed to avoid political bias and demonstrate an objective, unbiased approach to evaluate the si
Published 14 May, 2011 12:00am
Bangladesh's Yunus resigns from microlender

Bangladesh's Yunus resigns from microlender

Bangladesh's Nobel laureate Muhammad Yunus has stepped down from the pioneering microfinance lender he founded, a week after he lost a legal fight against his government-backed sacking, a statement said. The 2006 Nobel winner said he was relinquishing the
Published 14 May, 2011 12:00am
Brussels slaps Denmark in row over borders

Brussels slaps Denmark in row over borders

The European Union executive threatened legal action Friday against Denmark over its plan to patrol its borders with Germany and Sweden, saying this may breach EU freedom of movement laws. The European Commission, the guardian of EU treaties, "will, if ne
Published 14 May, 2011 12:00am
Thousands rally for Egypt unity

Thousands rally for Egypt unity

Thousands of people rallied in Cairo's Tahrir Square on Friday calling for national unity, after attacks on Egyptian churches, and for solidarity with the Palestinians. Some held up crosses and others waved Palestinian flags as the numbers swelled in Cair
Published 14 May, 2011 12:00am
New York cotton ends both ways

New York cotton ends both ways

US cotton futures settled mixed on Friday as the market tried to find its footing after another sell-off in the commodities sector this week, analysts said. The key July cotton contract on ICE Futures US increased 0.85 cent to close at $1.4515 per lb, dea
Published 14 May, 2011 12:00am
US copper bounces

US copper bounces

Copper bounced off a five-month low to end stronger on Thursday as the dollar dipped and US equities rose, but it may face challenges going higher amid forecasts of only moderate Chinese and US growth. Benchmark July copper futures on the COMEX division o
Published 14 May, 2011 12:00am
Shanghai copper jumps

Shanghai copper jumps

Shanghai futures jumped more than 3 percent on Friday as investors shrugged off another bank reserve requirement hike in China. The most-active July copper contract on the Shanghai Futures Exchange jumped 3.5 percent to 66,450 yuan, catching up with overn
Published 14 May, 2011 12:00am
Copper moves higher

Copper moves higher

Copper rose on Friday, moving away from five-month lows hit in the previous session as eurozone data showed improved prospects for economic recovery and boosted confidence. Copper for delivery in three months on the London Metal Exchange (LME) closed at $
Published 14 May, 2011 12:00am
Oil rises in late short covering, ends week higher

Oil rises in late short covering, ends week higher

Oil rose on Friday in late short-covering, ending the week higher after a volatile session whipsawed by European economic concerns and news Libyan leader Libyan leader Muammar Qadhafi may have been wounded. Trade volumes slowed after a week of heavy activ
Published 14 May, 2011 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Key Tokyo rubber futures rose on Friday as sentiment improved on a recovery in oil prices after a sell-off the day before and on firmness in other commodities. The benchmark TOCOM rubber futures for October delivery settled at 371.5 yen per kg, up 9.3 yen
Published 14 May, 2011 12:00am
US soyabean rises

US soyabean rises

US soyabean ended higher on Thursday, climbing to session highs late as crude oil futures staged a rebound from a sharp sell-off on Wednesday, traders said. A weaker dollar added to buying momentum in soya and in crude oil, the traders said. Volume was es
Published 14 May, 2011 12:00am
New York cocoa falls

New York cocoa falls

Cocoa futures closed down 2.6 percent on Thursday in another bout of commodity selling, while investor short-covering and possible consumer buying lifted sugar Arabica coffee also closed higher, bucking the commodity complex trend that was lower for most
Published 14 May, 2011 12:00am
Liffe cocoa down, sugar up

Liffe cocoa down, sugar up

Liffe July cocoa ended 3 pounds lower at 1,871 pounds a tonne on Friday as the resumption of Ivory Coast exports weighed. Liffe August white sugar closes $0.70 higher at $602.80 a tonne. Market supported by tight prompt Brazilian supplies of raw sugar. Li
Published 14 May, 2011 12:00am
US gold, silver pare losses

US gold, silver pare losses

Gold and silver prices pared losses on Thursday as a dollar drop sparked a sharp reversal, while uncertainty related to US Federal Reserve's monetary policy and worries about global demand kept prices from rising further.
Published 14 May, 2011 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold surrendered some of its early gains on Friday as the dollar lifted from lows, but precious metals prices remained underpinned as buyers sought bargains after the hefty price drop of the last two days. Commodities were hit by broad-based selling on Th
Published 14 May, 2011 12:00am
US MIDDAY: coffee and cocoa down

US MIDDAY: coffee and cocoa down

US soft commodity futures put in a mixed performance on Friday as players seemed to be taking stock after a sell-off rippled through the complex for the second week in a row. The key July raw sugar contract gained 0.12 cent to close at 21.45 cents per lb.
Published 14 May, 2011 12:00am
US MIDDAY: wheat and soya fall

US MIDDAY: wheat and soya fall

US wheat and soyabean futures each fell as much as 1 percent on Friday as the dollar firmed and crude oil tumbled, while rains expected next week in the southern US Plains should benefit the drought-ravaged wheat crop. Corn futures, while struggling to ho
Published 14 May, 2011 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper finished firm on Friday, reacting to upbeat data from the United States and Europe that helped restore some market confidence and economic recovery optimism. In New York, the July COMEX copper contract rose 1.30 cents to settle at $3.9835 per lb, b
Published 14 May, 2011 12:00am
US MIDDAY: gold drops one percent

US MIDDAY: gold drops one percent

Gold fell on Friday, sharply reversing early gains, as a dollar surge against the euro and renewed uncertainty about eurozone debt prompted investors to sell ahead of the weekend. Silver continued to recover from last week's 25 percent correction, and tec
Published 14 May, 2011 12:00am
PCDMA recommendations for budget

PCDMA recommendations for budget

The Pakistan Chemical and Dyes Merchants Association (PCDMA) has suggested amendments in Customs Act to make it mandatory for Customs Valuation Department to hold meaningful consultations with FPCCI, chamber of commerce and industry and other relevant tra
Published 14 May, 2011 12:00am
PCDMA recommendations for budget

PCDMA recommendations for budget

The Pakistan Chemical and Dyes Merchants Association (PCDMA) has suggested amendments in Customs Act to make it mandatory for Customs Valuation Department to hold meaningful consultations with FPCCI, chamber of commerce and industry and other relevant tra
Published 14 May, 2011 12:00am
Development of telecom services PTCL, USF join hands

Development of telecom services PTCL, USF join hands

Pakistan Telecommunication Company Limited (PTCL) has joined hands with Universal Service Fund (USF) to promote development of telecom services in destitute areas across the country. A press release issued here on Friday said that PTCL has redefined estab
Published 14 May, 2011 12:00am
PPP Punjab convenes meeting on LHC verdict

PPP Punjab convenes meeting on LHC verdict

Pakistan People's Party (PPP), Punjab, President Imtiaz Safdar Warraich has convened an emergency meeting of the party to discuss the Lahore High Court decision restraining President Asif Ali Zardari from holding political activities. The meeting of provi
Published 14 May, 2011 12:00am
ICAP organises seminar on new accounting model

ICAP organises seminar on new accounting model

Institute of Chartered Accountants of Pakistan (ICAP) organised a seminar on "New Accounting Model for Financial Instruments under IFRS 9" at ICAP House here. The speakers were Arslan Khalid, Partner Assurance, Ernst &Young Ford Rhodes Sidat Hyder, Syed A
Published 14 May, 2011 12:00am
PPP MPAs criticise LHC's verdict on dual office: Sindh Assembly session

PPP MPAs criticise LHC's verdict on dual office: Sindh Assembly session

Members of the Sindh Assembly (MPAs) belonging to Pakistan People's Party (PPP) censured Lahore High Court's (LHC) decision regarding President Zardari's dual office, saying that the country was heading towards a 'judicial rule.' The criticism of the LHC
Published 14 May, 2011 12:00am
Ufone plants trees at Policlinic

Ufone plants trees at Policlinic

Ufone Volunteer Group (UVG) visited the PAEDS OPD & Ward at the Federal Government Services Hospital (FGSH) commonly known as Policlinic and planted trees to help provide a healthier environment in the play area that has been created for the children to e
Published 14 May, 2011 12:00am
NIT sets up kiosk at Makro store

NIT sets up kiosk at Makro store

National Investment Trust (NIT) Limited Marketing Division is actively engaged in promotion of NIT Funds extensively. Informative Kiosk are being organised at provincial and federal capital level by local NIT branches. In continuation of this exercise to
Published 14 May, 2011 12:00am
NIT sets up kiosk at Makro store

NIT sets up kiosk at Makro store

National Investment Trust (NIT) Limited Marketing Division is actively engaged in promotion of NIT Funds extensively. Informative Kiosk are being organised at provincial and federal capital level by local NIT branches. In continuation of this exercise to
Published 14 May, 2011 12:00am
'Tremendous trade potential exists between Pakistan, Ukraine'

'Tremendous trade potential exists between Pakistan, Ukraine'

There is a tremendous potential to enhance trade and economic ties between Pakistan and Ukraine in various sectors. This was stated by Nadeem Khalid, CE of Herbion Pakistan (Private) Limited after his nomination as Chairman Pakistan-Ukraine Business Counc
Published 14 May, 2011 12:00am
Three persons fall prey to targeted killings

Three persons fall prey to targeted killings

At least three more persons were killed in the ongoing spate of targeted killing in various parts of the metropolis on Friday. According to details, a 32-year-old man was shot dead at Raees Amrohi Colony Orangi Town within the limits of Iqbal Market polic
Published 14 May, 2011 12:00am
PS confirms detention of coal-laden ship

PS confirms detention of coal-laden ship

Pakistan Steel on Friday confirmed that a ship carrying 50,000 tons of coal for Pakistan Steel and was expected to reach Port Qasim on June 13, 2011, has been detained near the Canadian shore. According to a press release issued by Pakistan Steel, althoug
Published 14 May, 2011 12:00am
President can take part in politics: Amin

President can take part in politics: Amin

Makhdoom Amin Fahim has said that under Article 50 of the Constitution of the Islamic Republic of Pakistan, the President of the country could take part in politics as being part of the Parliament. The parliament consists of three components including Nat
Published 14 May, 2011 12:00am
Geelani placed under house arrest

Geelani placed under house arrest

The authorities have restricted movement of veteran Kashmiri Hurriyet leader Syed Ali Geelani in Indian occupied Kashmir, to prevent him from holding a public meeting in Shopian town on Friday. The police authorities in occupied Srinagar said, Syed Ali Ge
Published 14 May, 2011 12:00am
Crime against women depicts upward trend in Punjab

Crime against women depicts upward trend in Punjab

The crime against the women has shown upward trend in Punjab, as 21 percent increase was seen in officially-recorded crimes in February 2011 compared to January 2011. A total of 578 crimes against women were recorded in January 2011, which mounted to 700
Published 14 May, 2011 12:00am
PTCF application inaugurated

PTCF application inaugurated

Federal Secretary for Information Technology and Telecom Saeed Ahmad Khan has inaugurated an application enabling general public, telecom operators and investors, to view availability of telecom services coverage all across Pakistan. The application named
Published 14 May, 2011 12:00am
STPF provided only Rs one billion in three years

STPF provided only Rs one billion in three years

The government's negligence towards development of trade can be judged from the fact that finance ministry has released only Rs 1 billion for Strategic Trade Policy Framework (STPF)-2009-12, during the current fiscal against the allocated amount of Rs 2.5
Published 14 May, 2011 12:00am
Rana Asif: a profile

Rana Asif: a profile

Rana Asif Tauseef who took oath of the office of Minister of State for Privatisation on May 3, 2011, born in Faisalabad on August 1, 1967, elected as Member National Assembly (MNA) for his first term as a PML (N) candidate in 2002 elections from NA-80, Fa
Published 14 May, 2011 12:00am
Lawyers offer Ghaibana Nimaz-e-Janaza for Osama

Lawyers offer Ghaibana Nimaz-e-Janaza for Osama

The bar members here Friday offered Ghaibana Nimaz-e-Janaza for Osama bin Laden in Lahore High Court Bar Association premises. The members of Khatam-e-Nabovat Lawyers Forum and Al-Uma Lawyers forum participated in the Ghaibana Nimaz-e-Janaza. Muhammad Yah
Published 14 May, 2011 12:00am
Parliament's joint session held under heavy security

Parliament's joint session held under heavy security

The joint in-camera session of the Parliament was held here on Friday under a heavy security blanket. Military helicopters remained hovering over Islamabad for air surveillance while commandos of Pakistan Army, Rangers, Anti Terrorist Squad and Police wer
Published 14 May, 2011 12:00am
FBR mulling changes in Income Tax Ordinance 2001

FBR mulling changes in Income Tax Ordinance 2001

The Federal Board of Revenue (FBR) is seriously examining a budget proposal of the Securities and Exchange Commission of Pakistan (SECP) to amend the Income Tax Ordinance 2001 to clarify the provision as a result of proposed changes in the Accounting Regu
Published 14 May, 2011 12:00am
SECP proposals: FBR considering tax credit for VPS

SECP proposals: FBR considering tax credit for VPS

The Federal Board of Revenue (FBR) is seriously considering a proposal of the Securities and Exchange Commission of Pakistan (SECP) to provide tax credit for contribution in the Voluntary Pension System (VPS) through amendment in the Income Tax Ordinance,
Published 14 May, 2011 12:00am
Seminar on Apprenticeship Training held

Seminar on Apprenticeship Training held

Regional Directorate of Apprenticeship Training, Attock Refinery Limited (ARL) Rawalpindi jointly arranged a seminar on Apprenticeship Training (AT) in Morgah aimed at enhancing awareness among the stakeholders on AT as envisaged in Apprenticeship ordinan
Published 14 May, 2011 12:00am
US raid in Abbottabad: PTI rally asks government to reveal facts

US raid in Abbottabad: PTI rally asks government to reveal facts

Pakistan Tehreek-e-Insaaf (PTI) on Friday, took out a protest rally against the US raid in Abbottabad and demanded of the government to reveal facts behind the unilateral action that led to the killing of Osama bin Laden. The demonstration was led by the
Published 14 May, 2011 12:00am
SSP calls to deploy smart, alert cops at checkpoints

SSP calls to deploy smart, alert cops at checkpoints

The Senior Superintendent of Police (SSP) Islamabad Tahir Alam Khan, taking stern action against lethargic attitude of police officials, directed the authority concerned to deploy smart and alert policemen at security check points.
Published 14 May, 2011 12:00am
PSMA submits budget proposals to EDB

PSMA submits budget proposals to EDB

Pakistan Steel Melters Association (PSMA), has proposed that in the coming budget, one percent withholding tax at the import stage should be made final discharge of tax liability to bring the steel melting sector at par with the ship breaking industry of
Published 14 May, 2011 12:00am
Refineries' sales drop by six percent

Refineries' sales drop by six percent

Overall refineries' sales have dropped by six percent on month-on-month basis to 669,000 tons in April 2011. "The circular debt continued to take toll on refinery operations in April 2011 with major refineries in the country cutting down supplies to the l
Published 14 May, 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 falling under the following feeders would remain suspended:
Published 14 May, 2011 12:00am
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