AGL 38.50 Decreased By ▼ -0.25 (-0.65%)
AIRLINK 136.85 Decreased By ▼ -0.25 (-0.18%)
BOP 5.62 Increased By ▲ 0.25 (4.66%)
CNERGY 3.86 Decreased By ▼ -0.01 (-0.26%)
DCL 7.93 Decreased By ▼ -0.16 (-1.98%)
DFML 45.40 Decreased By ▼ -0.34 (-0.74%)
DGKC 85.51 Increased By ▲ 2.21 (2.65%)
FCCL 31.60 Increased By ▲ 1.33 (4.39%)
FFBL 61.70 Increased By ▲ 4.10 (7.12%)
FFL 9.20 Increased By ▲ 0.06 (0.66%)
HUBC 108.75 Increased By ▲ 1.90 (1.78%)
HUMNL 14.38 Increased By ▲ 0.08 (0.56%)
KEL 4.84 Increased By ▲ 0.16 (3.42%)
KOSM 7.74 Decreased By ▼ -0.24 (-3.01%)
MLCF 38.11 Decreased By ▼ -0.82 (-2.11%)
NBP 67.00 Decreased By ▼ -0.60 (-0.89%)
OGDC 176.01 Increased By ▲ 7.02 (4.15%)
PAEL 25.20 Decreased By ▼ -0.18 (-0.71%)
PIBTL 5.87 Decreased By ▼ -0.07 (-1.18%)
PPL 133.49 Increased By ▲ 2.49 (1.9%)
PRL 24.02 Increased By ▲ 0.26 (1.09%)
PTC 16.82 Increased By ▲ 1.07 (6.79%)
SEARL 67.75 Increased By ▲ 3.00 (4.63%)
TELE 7.45 Increased By ▲ 0.05 (0.68%)
TOMCL 36.18 Increased By ▲ 0.09 (0.25%)
TPLP 7.78 Decreased By ▼ -0.08 (-1.02%)
TREET 14.64 Decreased By ▼ -0.29 (-1.94%)
TRG 49.61 Increased By ▲ 4.36 (9.64%)
UNITY 25.51 Decreased By ▼ -0.32 (-1.24%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 9,586 Increased By 239.1 (2.56%)
BR30 28,791 Increased By 678.6 (2.41%)
KSE100 88,946 Increased By 1751.5 (2.01%)
KSE30 28,043 Increased By 645.6 (2.36%)
Print - 2011-05-16
Alibaba head rejects Yahoo! protest over pay unit

Alibaba head rejects Yahoo! protest over pay unit

The head of Chinese e-commerce giant Alibaba said on May 14 that the firm's move to transfer ownership of its online payment unit was "legal and 100 percent transparent", rejecting protests by US-based Yahoo!
Published 16 May, 2011 12:00am
Nissan returns to black in fourth quarter, profit soars

Nissan returns to black in fourth quarter, profit soars

Japan's second-biggest automaker Nissan returned to the black in January-March, despite the impact of a devastating earthquake and tsunami on production, as annual net profit soared more than seven-fold.
Published 16 May, 2011 12:00am
Nissan returns to black in fourth quarter, profit soars

Nissan returns to black in fourth quarter, profit soars

Japan's second-biggest automaker Nissan returned to the black in January-March, despite the impact of a devastating earthquake and tsunami on production, as annual net profit soared more than seven-fold.
Published 16 May, 2011 12:00am
Djokovic sets up Nadal final after Murray epic

Djokovic sets up Nadal final after Murray epic

Novak Djokovic maintained his unbeaten start to 2011 with an epic three-hour 6-1, 3-6, 7-6 (7/2) victory over fourth seed Andy Murray in the Rome Masters semi-finals on Saturday. The world number two took his run to 36 straight wins this year and will fac
Published 16 May, 2011 12:00am
Sharapova beats Stosur to win Rome International

Sharapova beats Stosur to win Rome International

Triple Grand Slam title winner Maria Sharapova won her first tournament in almost a year as she powered past Australia's Samantha Stosur 6-2, 6-4 to win the Rome International on Sunday. Sharapova's last title came at the low-key Strasbourg claycourt even
Published 16 May, 2011 12:00am
Diego fined, reprimanded for tantrum

Diego fined, reprimanded for tantrum

Brazil midfielder Diego will be fined an undisclosed sum and reprimanded by his German league club VfL Wolfsburg after storming out having been left out of their crucial relegation battle. "He will be given a fine, then a warning," confirmed Wolfsburg coa
Published 16 May, 2011 12:00am
Argentina beat Kazakhstan in World Team Cup

Argentina beat Kazakhstan in World Team Cup

Champions Argentina made a perfect start to their World Team Cup defence, beating Kazakhstan 3-0 in their opening red group game on Sunday. Juan Monaco eased past Andrey Golubev 6-4 6-0 on the clay court at the Rochus club while compatriot Juan Ignacio Ch
Published 16 May, 2011 12:00am
West Indies beat Pakistan in first Test

West Indies beat Pakistan in first Test

Captain Darren Sammy led his team to their first test win in more than two years on Sunday, taking five wickets as West Indies beat Pakistan by 40 runs after lunch on the fourth day.
Published 16 May, 2011 12:00am
Akram Raza held over IPL bets

Akram Raza held over IPL bets

Former Pakistan Test spinner Akram Raza, fined in a match-fixing inquiry eleven years ago, was arrested over betting on lucrative Indian league matches, police said Sunday. The 46-year-old Raza, who played nine Tests and 49 one-day internationals for Paki
Published 16 May, 2011 12:00am
Kochi beat Rajasthan Royals

Kochi beat Rajasthan Royals

Brad Hodge put in an impressive all-round performance to help Kochi Tuskers Kerala post an easy eight-wicket win over Rajasthan Royals in an Indian Premier League match on Sunday. Australian off-spinner Hodge finished with 4-13 and then hit an unbeaten 33
Published 16 May, 2011 12:00am
Indian board on the front foot in DRS opposition

Indian board on the front foot in DRS opposition

The Indian board is against the mandatory use of the Decision Review System (DRS) in all international matches and will oppose its introduction at a crucial meeting in Hong Kong next month, the panel's secretary N Srinivasan told Reuters on Sunday.
Published 16 May, 2011 12:00am
Former SFA chief Ernie Walker dies

Former SFA chief Ernie Walker dies

Ernie Walker, who was secretary of the Scottish Football Association for over 15 years, has died, the SFA said on Sunday. Walker helped oversee a rich period in Scotland's football history as they reached five major championship finals from the 1974 World
Published 16 May, 2011 12:00am
Chelsea set for second place, West Ham down

Chelsea set for second place, West Ham down

Chelsea gained a sliver of compensation for a trophyless season by effectively securing the Premier League runners-up spot behind Manchester United despite being held to a 2-2 draw by Newcastle United on Sunday.
Published 16 May, 2011 12:00am
Azlan Shah Hockey Championship: Britain beat New Zealand for third place

Azlan Shah Hockey Championship: Britain beat New Zealand for third place

Great Britain bounced back from a lethargic start to beat New Zealand 4-2 and finish third in the 20th edition of the Sultan Azlan Shah Cup on Sunday. Last year's joint champions South Korea and India battled it out for fifth spot in a repeat of 2010's wa
Published 16 May, 2011 12:00am
Daimler, Rolls make written offer to Tognum

Daimler, Rolls make written offer to Tognum

Daimler and Rolls-Royce have specified to Tognum in writing a higher take-over bid they had discussed with the German engine maker, two people close to the matter told Reuters on Sunday. The move comes after specialty engine maker Tognum said on Saturday
Published 16 May, 2011 12:00am
Square Enix customer data leaked after Sony problems

Square Enix customer data leaked after Sony problems

Japanese game developer Square Enix Holdings said email addresses of 25,000 customers as well as resumes of 250 job applicants were leaked after a hacker attack against its European subsidiary. Hackers accessed the Eidosmontreal.com website, managed by Lo
Published 16 May, 2011 12:00am
German economic growth raises case for eurozone aid

German economic growth raises case for eurozone aid

Sustained strength in the German economy will put pressure on Berlin to provide more financial aid to indebted eurozone partners, analysts say. The biggest European economy grew by 1.5 percent in the first three months of the year from the previous quarte
Published 16 May, 2011 12:00am
Zimbabwe threatens foreign banks over empowerment

Zimbabwe threatens foreign banks over empowerment

Zimbabwe's central bank said it planned to take punitive measures against foreign-owned banks that resist demands to transfer majority shareholding to local blacks under a controversial empowerment policy.
Published 16 May, 2011 12:00am
Canadian banks propose TMX deal to rival LSE bid

Canadian banks propose TMX deal to rival LSE bid

Canada's TMX Group, operator of the Toronto Stock Exchange, has received a take-over proposal from a group of Canadian banks and pension funds that could trump a friendly $3 billion bid from the London Stock Exchange.
Published 16 May, 2011 12:00am
Boehner ready for quick deal on US debt limit

Boehner ready for quick deal on US debt limit

US House of Representatives Speaker John Boehner said on Sunday he is ready to "cut the deal today" on raising the US debt limit but has seen no real action on the subject from President Barack Obama.
Published 16 May, 2011 12:00am
Obama warns of worse crisis if no debt ceiling rise

Obama warns of worse crisis if no debt ceiling rise

President Barack Obama warned Congress that failing to raise the US debt limit could lead to a worse financial crisis and economic recession than 2008-09 if investors began doubting US credit-worthiness. In remarks recorded last week and broadcast by CBS
Published 16 May, 2011 12:00am
Opel to launch premium model, electric car

Opel to launch premium model, electric car

General Motors Co's European unit Opel is planning to introduce a premium model above its top-of-the-range Insignia as well as an electric car smaller than its Ampera, Opel's new head told a German paper. "The Opel brand can't content itself with the Insi
Published 16 May, 2011 12:00am
Exxon, SABIC sign deals for joint rubber plant

Exxon, SABIC sign deals for joint rubber plant

Saudi Basic Industries Corp and Exxon Mobil Chemical signed engineering and licensing deals for their joint synthetic rubber project in Saudi Arabia, SABIC said on Sunday. US firm Jacobs Engineering and Japan's Mitsui Engineering & Shipbuilding will carry
Published 16 May, 2011 12:00am
Greece must make more savings: ECB's Stark

Greece must make more savings: ECB's Stark

Greece has to make further savings to meet conditions for the distribution of the next tranche of its EU/IMF bailout plan, a senior policymaker of the European Central Bank was quoted on Sunday as saying.
Published 16 May, 2011 12:00am
Greece says IMF arrest will not affect reforms

Greece says IMF arrest will not affect reforms

The arrest of IMF chief Dominique Strauss-Kahn will not affect Greece's resolve to implement an EU/IMF bailout plan, a government spokesman said on Sunday. But Strauss-Kahn's arrest on sexual assault charges, just as he was about to leave for Europe for t
Published 16 May, 2011 12:00am
Berlin to pay billion-euro subsidy for electric cars

Berlin to pay billion-euro subsidy for electric cars

The German government is prepared to pay a billion euros ($1.4 billion) in subsidies over the next two years to help its industry develop electric cars, Welt am Sonntag newspaper said Sunday. Chancellor Angela Merkel, in her weekly podcast Saturday, calle
Published 16 May, 2011 12:00am
IATA suspends Zimbabwe's embattled airline

IATA suspends Zimbabwe's embattled airline

The world aviation control body says it has suspended Zimbabwe's embattled, debt-ridden national airline from international financial and flight booking services. In a statement Sunday, the International Air Transport Association told travel agents to "im
Published 16 May, 2011 12:00am
Dubai and Egyptian stock markets eye co-operation

Dubai and Egyptian stock markets eye co-operation

Dubai's main stock market is working with the Egyptian Exchange to make it easier for companies to list their shares on both trading boards. The Dubai Financial Market and the Cairo exchange agreed Sunday to set up a framework to encourage dual listings,
Published 16 May, 2011 12:00am
Australia to provide increased assistance to Bangladesh

Australia to provide increased assistance to Bangladesh

The Australian government will provide $A92 million (7.1 billion taka) in official development assistance to Bangladesh for the fiscal year to end June 2012, an increase of $A22 million from the previous year, a statement said on Sunday.
Published 16 May, 2011 12:00am
South Korean man staged bomb blasts to cash in on stocks

South Korean man staged bomb blasts to cash in on stocks

A South Korean man staged two minor bomb attacks with home-made explosives in Seoul last week in an attempt to cash in on stock investments by affecting market sentiment, police said Sunday.
Published 16 May, 2011 12:00am
European pension funds need equities to beat inflation

European pension funds need equities to beat inflation

As inflation rears its head again, European pension funds may need to buy more stocks or face the risk of diminishing returns, after cutting equity holdings and buying bonds in the wake of the dotcom bubble burst and the global financial crisis.
Published 16 May, 2011 12:00am
European pension funds need equities to beat inflation

European pension funds need equities to beat inflation

As inflation rears its head again, European pension funds may need to buy more stocks or face the risk of diminishing returns, after cutting equity holdings and buying bonds in the wake of the dotcom bubble burst and the global financial crisis.
Published 16 May, 2011 12:00am
Global pension fund flows could swamp emerging markets

Global pension fund flows could swamp emerging markets

Cash-rich global pension funds are starting to increase their miniscule emerging market allocations, raising the prospect of a rapid acceleration in flows that could swamp the relatively small asset class.
Published 16 May, 2011 12:00am
Global pension fund flows could swamp emerging markets

Global pension fund flows could swamp emerging markets

Cash-rich global pension funds are starting to increase their miniscule emerging market allocations, raising the prospect of a rapid acceleration in flows that could swamp the relatively small asset class.
Published 16 May, 2011 12:00am
BP sees Rosneft share swap deal 'over time'

BP sees Rosneft share swap deal 'over time'

BP chief executive Bob Dudley said talks were ongoing about its planned share swap with Russian group Rosneft and he was optimistic about a resolution. "I think there is always lots of discussion going on and I think we will find a resolution to this over
Published 16 May, 2011 12:00am
BP sees Rosneft share swap deal 'over time'

BP sees Rosneft share swap deal 'over time'

BP chief executive Bob Dudley said talks were ongoing about its planned share swap with Russian group Rosneft and he was optimistic about a resolution. "I think there is always lots of discussion going on and I think we will find a resolution to this over
Published 16 May, 2011 12:00am
Japan shares likely under pressure next week

Japan shares likely under pressure next week

Japanese stocks will likely remain under pressure next week after banking shares dived on a suggestion financial institutions will have to waive loans to Tokyo Electric Power (TEPCO), dealers said Friday. Japan's government on Friday announced a scheme fo
Published 16 May, 2011 12:00am
Shanghai exchange hopeful for international board

Shanghai exchange hopeful for international board

The Shanghai Stock Exchange is hopeful it will be able to launch its international board this year, a senior executive said on Friday, potentially allowing foreign companies to list in mainland China. "The international board is far more important than in
Published 16 May, 2011 12:00am
Some of Treasury's debt limit gains may aid Fed

Some of Treasury's debt limit gains may aid Fed

If the US Treasury wins a big enough increase in the $14.3 trillion limit on the nation's debt, it will likely use some of its new-found resources to help the Federal Reserve when the central bank finally decides to tighten monetary policy.
Published 16 May, 2011 12:00am
Some of Treasury's debt limit gains may aid Fed

Some of Treasury's debt limit gains may aid Fed

If the US Treasury wins a big enough increase in the $14.3 trillion limit on the nation's debt, it will likely use some of its new-found resources to help the Federal Reserve when the central bank finally decides to tighten monetary policy.
Published 16 May, 2011 12:00am
Investors cut bets on yuan, Singapore dollar

Investors cut bets on yuan, Singapore dollar

Investors slashed their bets on the Singapore dollar by the most in six months and became less bullish on the yuan, as volatile commodity markets and Greece's debt problems lifted the US dollar, a monthly Reuters poll showed on Friday.
Published 16 May, 2011 12:00am
Global Markets Weekahead: drip, drip from the euro debt crisis

Global Markets Weekahead: drip, drip from the euro debt crisis

The eurozone debt crisis is a story that just will not go away, a drip-drip water torture that investors and financial markets cannot ignore. So while investors may want to focus in the coming week on issues as diverse as UK interest rates, highly volatil
Published 16 May, 2011 12:00am
Middle East stocks: Gulf markets fall, Egypt index up

Middle East stocks: Gulf markets fall, Egypt index up

Most Gulf Arab markets slid on Sunday, tracking Friday's weakness in global markets as local news flow was muted, while Egypt bucked the trend with real estate stocks supporting. "Generally, global macroeconomic factors have been weak and markets across t
Published 16 May, 2011 12:00am
Abu Dhabi broker eyes share of FX, commodity trading

Abu Dhabi broker eyes share of FX, commodity trading

ADS Securities, a new Abu Dhabi-based brokerage, is eyeing a share of the rapidly growing trade in commodities and foreign exchange by bridging the time gap between Asian and European markets, its top executive said.
Published 16 May, 2011 12:00am
Saudi bourse in talks to join MSCI index

Saudi bourse in talks to join MSCI index

Saudi Arabia's stock exchange is in talks with several index providers, including influential index compiler MSCI, to become one of its component, the president of the Saudi Capital Market Authority (CMA) said. "The kingdom is eligible to join emerging ma
Published 16 May, 2011 12:00am
Tunisia arrests al Qaeda suspects

Tunisia arrests al Qaeda suspects

Tunisian security forces have arrested two people suspected of being members of al Qaeda near the Libyan border who were carrying an explosives belt and several bombs, a security source told Reuters on Sunday. The men, thought to be members of al Qaeda in
Published 16 May, 2011 12:00am
Moroccan police disperse opposition protest

Moroccan police disperse opposition protest

Moroccan security services used truncheons to disperse a pro-democracy protest on the southern outskirts of the capital Rabat on Sunday, injuring around four people, a Reuters reporter at the scene said.
Published 16 May, 2011 12:00am
Five killed in Iraq

Five killed in Iraq

Three members of the same family and two other people were killed in violence in the capital and northern Iraq on Sunday, including a string of Baghdad rocket attacks, a security official said. In the deadliest incident, gunmen wearing police uniforms sto
Published 16 May, 2011 12:00am
Russian veteran warns of 'unsolvable' Afghan violence

Russian veteran warns of 'unsolvable' Afghan violence

Violence will erupt in Afghanistan once Nato-led forces complete their planned pullout, repeating the aftermath following the Soviet exit, the head of Russia's Union of Afghan Veterans said in an interview. Moscow is still haunted by its own disastrous, d
Published 16 May, 2011 12:00am
Eight killed as Syria bloodshed spills into Lebanon

Eight killed as Syria bloodshed spills into Lebanon

Security forces killed seven people in the town of Tall Kalakh on Sunday as Syria's unrest entered a third month and spilled over into Lebanon where a woman died at a border crossing. Pope Benedict XVI lamented the bloodshed and called for "cohabitation"
Published 16 May, 2011 12:00am
Libya offers truce to UN as revolt enters 4th month

Libya offers truce to UN as revolt enters 4th month

Moammer Qadhafi's prime minister offered on Sunday a truce to the visiting UN special envoy to Libya, Abdul-Ilah al-Khatib, in return for an immediate Nato cease-fire, as an anti-regime revolt entered a fourth month.
Published 16 May, 2011 12:00am
Ahmadinejad 'under a spell': top cleric

Ahmadinejad 'under a spell': top cleric

Iranian President Mahmoud Ahmadinejad has been put "under a spell" by his chief of staff Esfandiar Rahim Mashaie, an ultra-conservative cleric was quoted by local media on Sunday as saying.
Published 16 May, 2011 12:00am
Gulf mediator to meet Yemen's Saleh as violence rages

Gulf mediator to meet Yemen's Saleh as violence rages

A Gulf mediator was to meet President Ali Abdullah Saleh Sunday in a new bid to resolve Yemen's political crisis despite scepticism from the opposition and as violence raged across the country. Gulf Co-operation Council (GCC) Secretary General Abdullatif
Published 16 May, 2011 12:00am
'Planking' craze claims life in Australia

'Planking' craze claims life in Australia

A new craze sweeping the Internet known as "planking" has claimed a life in Australia with a man attempting the fad plunging to his death from a balcony Sunday. Planking involves someone lying flat on their stomach with their arms against their bodies in
Published 16 May, 2011 12:00am
Belarus jails opposition leader for five years

Belarus jails opposition leader for five years

Belarus on Saturday jailed opposition leader Andrei Sannikov for five years on charges of organising protests after the disputed re-election of authoritarian President Alexander Lukashenko.
Published 16 May, 2011 12:00am
Amr Mussa says to change Israel tack

Amr Mussa says to change Israel tack

The frontrunner in Egypt's upcoming presidential election, Amr Mussa, distanced himself from his country's past policies towards Israel and told AFP in an interview his government would be frank with the US.
Published 16 May, 2011 12:00am
At least 18 killed as Palestinians mark Nakba day

At least 18 killed as Palestinians mark Nakba day

Palestinian commemorations on Nakba (catastrophe) day - the anniversary of Israel's founding - turned violent Sunday, as hundreds of protestors tried to storm the borders with Israel, and rioting took place north of Jerusalem. By late afternoon, at least
Published 16 May, 2011 12:00am
Two prisoners escape from CHK jail ward

Two prisoners escape from CHK jail ward

Two prisoners managed to escape from the jail ward of Civil Hospital Karachi on Sunday in the limits of Eidghah police station. According to SP City Town Saqib Sultan, prisoners Kashif and Allauddin were brought by the central jail Police to the jail ward
Published 16 May, 2011 12:00am
Eight of a family burnt alive in road accident

Eight of a family burnt alive in road accident

Nine persons including five children burnt alive when two cars caught fire after head-on collision in Burewala on Sunday morning. Of the deceased, eight belonged to the same family.
Published 16 May, 2011 12:00am
WAPDA begins work on Jabban Hydropower Rehabilitation Project

WAPDA begins work on Jabban Hydropower Rehabilitation Project

Pakistan Water and Power Development Authority (WAPDA) has initiated construction work on Jabban Hydropower Rehabilitation Project at a cost of Rs3.7 billion, which is scheduled to be completed in one year and nine months.
Published 16 May, 2011 12:00am
Hedge trading in cotton: PCGA, others oppose SECP's decision

Hedge trading in cotton: PCGA, others oppose SECP's decision

Security and Exchange Commission of Pakistan (SECP) has allowed the hedge trading in cotton unilaterally without consulting the other stakeholders like farmers, ginners, textile millers, spinners and weavers etc.
Published 16 May, 2011 12:00am
Police, CPLC performance lauded

Police, CPLC performance lauded

S M Muneer, Patron-in-Chief, Syed Johar Ali Qandhari Chairman, Senator Abdul Haseeb Khan, CEO KITE DMC and Mian Zahid Hussain, Former Chairman Korangi Association of Trade & Industry have hailed the efforts of CPLC and Sindh Police on rescuing Ahmed Fuad
Published 16 May, 2011 12:00am
Met office predicts hot weather

Met office predicts hot weather

As mercury jumped to 48 degree Celsius at Noor Pur Thal in Punjab on Sunday, Met Office predicted severe heat wave conditions in most parts of the country during next few days. In its weather advisory, Met office said a severe heat wave has developed over
Published 16 May, 2011 12:00am
Girl commits suicide

Girl commits suicide

A girl committed suicide after consuming poison in Killi Ismail area of the provincial capital Quetta. "The deceased was identified as Asma, resident of Killi Ismail," police said on Sunday. They said that the cause behind the incident could not be ascert
Published 16 May, 2011 12:00am
Two killed in road accidents

Two killed in road accidents

Two people died in separate road mishaps, here on Sunday. Police constable Abdul Majid died and constables Morial and Saeed were injured when a police mobile van collided with a car at Qasim Chowk. The injured were rushed to the Civil Hospital. Separately
Published 16 May, 2011 12:00am
Hill stations await tourists

Hill stations await tourists

Pakistan Tourism Corporation (PTDC) has welcomed the tourists to its fabulous destinations that are located at remote, but enchanting and cooler places. The corporation is all set to facilitate tourists at its resorts situated in picturesque areas includi
Published 16 May, 2011 12:00am
Joint session of parliament was just a talk show: Munawar

Joint session of parliament was just a talk show: Munawar

Amir Jamaat-e-Islami Syed Munawar Hasan has said that if the armed forces failed to protect the ideological and geographical boundaries of the country, the masses would be compelled to take up arms against US terrorism. He was addressing a huge rally at M
Published 16 May, 2011 12:00am
China-Pakistan alliance strengthened after bin Laden

China-Pakistan alliance strengthened after bin Laden

Tensions between the US and Pakistan over the killing of Osama bin Laden and a speedier US withdrawal from Afghanistan are likely to reinforce China and Pakistan's already strong ties, analysts say.
Published 16 May, 2011 12:00am
MNA Fazal Karim injured in road accident

MNA Fazal Karim injured in road accident

Chairman Sunni Itehad Council and MNA Sahibzada Fazal Karim was injured in a road accident near Qasba Gujrat here late Saturday night. According to sources, Chairman Sunni Itehad Council and MNA Sahibzada Fazal Karim was heading to Multan from Qasba Gujra
Published 16 May, 2011 12:00am
'62.3 percent of wheat procurement target achieved'

'62.3 percent of wheat procurement target achieved'

The district food department has achieved 62.3 percent of the wheat procurement target, here on Sunday. According to DFC Sufian Ahmed, district food department had established 12 centres to purchase wheat from farmers. He said the department has achieved
Published 16 May, 2011 12:00am
Two women found dead in beauty parlour

Two women found dead in beauty parlour

Two women were found dead in a beauty parlour at Barkat Market, Garden Town area on Sunday. According to police, a woman went to the parlour in the afternoon and saw Khadija and Ambarin lying in pool of blood and informed the police. A police team reached
Published 16 May, 2011 12:00am
Five-day Pakistan expo in Dahka next month

Five-day Pakistan expo in Dahka next month

The Rawalpindi Chamber of Commerce and Industry (RCCI) on Sunday underlined the need for promoting peace in the region through enhancing trade activities among the Saarc countries.
Published 16 May, 2011 12:00am
Quake jolts KP, federal capital

Quake jolts KP, federal capital

A mild intensity earthquake jolted various parts of Khyber Pakhtunkwa and federal capital on Sunday at 11.48 am. The magnitude of the quake was 4.7 at international richter scale and its epicentre was 41 Kilometre deep and 64 north west of Mansehra, met o
Published 16 May, 2011 12:00am
Religious parties urge government to sever strategic relations with US

Religious parties urge government to sever strategic relations with US

While appreciating the parliament's joint resolution, speakers belonging to various religious parties at Istehkam-e-Pakistan rally demanded of the government to end strategic relations with the US, downing the drones and cutting off Nato supplies.
Published 16 May, 2011 12:00am
Pakistan and UK discuss Abbottabad operation

Pakistan and UK discuss Abbottabad operation

Permanent Under Secretary of the British Foreign and Commonwealth Office Simon Fraser met Foreign Secretary Salman Bashir Sunday here and held an in-depth exchange of views on bilateral, regional and global issues. The Foreign Secretary expressed satisfac
Published 16 May, 2011 12:00am
Government always consulted parties on national issues: Gilani

Government always consulted parties on national issues: Gilani

Prime Minister Yousuf Raza Gilani said on Sunday that the PPP-led coalition government had always consulted all political forces on major national issues, and succeeded in building a consensus national policy. He was talking to Punjab Governor Latif Khan
Published 16 May, 2011 12:00am
Firdous condemns unprovoked Indian firing

Firdous condemns unprovoked Indian firing

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Sunday strongly condemned unprovoked firing by Indian troops at Suchetgarh, saying Pakistan had the capability to respond the aggression. Addressing a public meeting after inaugura
Published 16 May, 2011 12:00am
Absence of laws promoting quackery: NCT President

Absence of laws promoting quackery: NCT President

Pakistan lacks a uniform framework for the practitioners of herbal medicines, which has given rise to quackery in the country. This was stated by President National Council for Tibb (NCT) Professor Munawar Shiekh while addressing a press conference here o
Published 16 May, 2011 12:00am
Lord Nazir endorses parliament's joint resolution

Lord Nazir endorses parliament's joint resolution

Member of the British upper house of Lords, Lord Nazir Ahmed has extended his full endorsement and backing for the joint resolution passed by the Pakistani parliament calling for immediate halt to drone attacks by the US and to uphold country's sovereignt
Published 16 May, 2011 12:00am
Charsadda bombing: British Prime Minister phones Gilani

Charsadda bombing: British Prime Minister phones Gilani

British Prime Minister David Cameron called Prime Minister Syed Yousuf Raza Gilani on telephone Sunday afternoon to commensurate the killing of over 90 Frontier Constabulary personnel in a suicide attack in Charsadda, PM Media Cell said here on Sunday. He
Published 16 May, 2011 12:00am
'LGH has become one of the leading institutions of the region'

'LGH has become one of the leading institutions of the region'

Lahore General Hospital (LGH) has become one of the leading institutions of the region as an average of 3500 patients come here daily for treatment. The Services of the hospital will be expanded further with the establishment of Punjab Institute of Neuros
Published 16 May, 2011 12:00am
Osama's hideout regularly visited by Taliban: report

Osama's hideout regularly visited by Taliban: report

Al Qaeda Chief, Osama Bin Laden had direct contact with Taliban allies and fellow Arab fundraisers at the compound in Abbottabad, British newspaper The Telegraph claimed. According to the newspaper, British intelligence agents last week joined their US co
Published 16 May, 2011 12:00am
Two 'spies' killed in North Waziristan

Two 'spies' killed in North Waziristan

Taliban militants killed two men in restive tribal district after accusing them of spying for the United States, police officials said Sunday. The bodies were found on roadsides, one hacked into pieces, in the Nawi Adda and Boya areas of the Datta Khel re
Published 16 May, 2011 12:00am
Shahbaz stresses collective efforts for progress

Shahbaz stresses collective efforts for progress

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Pakistan is the country of 180 million people and there is a need for collective efforts for its progress and prosperity. It was the time to take guidance from Misaq-Madina and follow the princi
Published 16 May, 2011 12:00am
US administration divided on ties with Pakistan: report

US administration divided on ties with Pakistan: report

The administration of US President Barack Obama is divided over the future of its relationship with Pakistan following the killing of al Qaeda founder Osama bin Laden, The Washington Post reported Sunday. US commandos killed bin Laden in an urban compound
Published 16 May, 2011 12:00am
Price hike, minimum wage: PLP to join sit-in of trade unions on May 24

Price hike, minimum wage: PLP to join sit-in of trade unions on May 24

Pakistan Labour Party will joint activists of 20 top trade unions of the country to stage a sit-in on Chairing Cross in Lahore on May 24 against the rising inflation and for enhancing minim wage. The PLP has demanded that minimum labour wages in the count
Published 16 May, 2011 12:00am
Osama was a US prisoner before being killed: Iran

Osama was a US prisoner before being killed: Iran

Al Qaeda founder Osama bin Laden was a prisoner in US custody for "sometime" before he was killed by the American military, Iranian President Mahmoud Ahmadinejad said on Sunday.
Published 16 May, 2011 12:00am
Osama was a US prisoner before being killed: Iran

Osama was a US prisoner before being killed: Iran

Al Qaeda founder Osama bin Laden was a prisoner in US custody for "sometime" before he was killed by the American military, Iranian President Mahmoud Ahmadinejad said on Sunday.
Published 16 May, 2011 12:00am
Australia clinches Azlan Shah Cup

Australia clinches Azlan Shah Cup

Pakistan displayed brilliant show in the final of Azlan Shah Cup Hockey Tournament here on Sunday against Australia before going down by a narrow 2-3 defeat. Pakistan fought valiantly in Sunday's match as Pakistan and Australia were 2 each at the end of r
Published 16 May, 2011 12:00am
Australia clinches Azlan Shah Cup

Australia clinches Azlan Shah Cup

Pakistan displayed brilliant show in the final of Azlan Shah Cup Hockey Tournament here on Sunday against Australia before going down by a narrow 2-3 defeat. Pakistan fought valiantly in Sunday's match as Pakistan and Australia were 2 each at the end of r
Published 16 May, 2011 12:00am
Musharraf to meet Saudi rulers on May 19

Musharraf to meet Saudi rulers on May 19

Former president General Pervez Musharraf (retd) will hold a meeting with Saudi rulers on May 19. The former president during his meeting with Saudi ruler will discuss the situation arising after the Osama bin Laden operation in Pakistan by US special for
Published 16 May, 2011 12:00am
Pakistani charged in US over Taliban support denies link

Pakistani charged in US over Taliban support denies link

A Pakistani teenager wanted in the United States on charges of financing and supporting the Pakistani Taliban denied on Sunday any connection with the militants, saying his family was only helping victims of war.
Published 16 May, 2011 12:00am
Pakistani charged in US over Taliban support denies link

Pakistani charged in US over Taliban support denies link

A Pakistani teenager wanted in the United States on charges of financing and supporting the Pakistani Taliban denied on Sunday any connection with the militants, saying his family was only helping victims of war.
Published 16 May, 2011 12:00am
Ameer Muqam resigns

Ameer Muqam resigns

Within two week of joining the government, differences in Pakistan Muslim League (Q) became more visible on Sunday after the resignation by Minister for Production Engineer Ameer Muqam from the Cabinet.
Published 16 May, 2011 12:00am