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Print - 2011-07-25
Darul Uloom Deoband ousts reformist leader

Darul Uloom Deoband ousts reformist leader

One of the world's most revered schools of Islamic learning ousted its reformist leader on Sunday just months into his term, after he praised a Hindu nationalist politician loathed by many Muslims in India. Ghulam Mohammed Vastanvi had pledged to update t
Published 25 Jul, 2011 12:00am
Darul Uloom Deoband ousts reformist leader

Darul Uloom Deoband ousts reformist leader

One of the world's most revered schools of Islamic learning ousted its reformist leader on Sunday just months into his term, after he praised a Hindu nationalist politician loathed by many Muslims in India. Ghulam Mohammed Vastanvi had pledged to update t
Published 25 Jul, 2011 12:00am
Futures open interest up by 6.4 percent

Futures open interest up by 6.4 percent

Total open interest position at the futures counter increased by 6.4 percent on week-on-week basis to Rs 1.02 billion. The futures spreads, on the other hand, declined by 170bps on week-on-week basis to stand at 4.56 percent.
Published 25 Jul, 2011 12:00am
Futures open interest up by 6.4 percent

Futures open interest up by 6.4 percent

Total open interest position at the futures counter increased by 6.4 percent on week-on-week basis to Rs 1.02 billion. The futures spreads, on the other hand, declined by 170bps on week-on-week basis to stand at 4.56 percent.
Published 25 Jul, 2011 12:00am
Futures open interest up by 6.4 percent

Futures open interest up by 6.4 percent

Total open interest position at the futures counter increased by 6.4 percent on week-on-week basis to Rs 1.02 billion. The futures spreads, on the other hand, declined by 170bps on week-on-week basis to stand at 4.56 percent.
Published 25 Jul, 2011 12:00am
Futures open interest up by 6.4 percent

Futures open interest up by 6.4 percent

Total open interest position at the futures counter increased by 6.4 percent on week-on-week basis to Rs 1.02 billion. The futures spreads, on the other hand, declined by 170bps on week-on-week basis to stand at 4.56 percent.
Published 25 Jul, 2011 12:00am
Index gains 130.25 points

Index gains 130.25 points

Reviving local investors'' interest supported the KSE-100 index to register an increase of 130.25 points to close at 12,476.77 points during the week ended on July 23, 2011. Foreign investors, however, were on selling side this week, marked by significant
Published 25 Jul, 2011 12:00am
Index gains 130.25 points

Index gains 130.25 points

Reviving local investors' interest supported the KSE-100 index to register an increase of 130.25 points to close at 12,476.77 points during the week ended on July 23, 2011. Foreign investors, however, were on selling side this week, marked by significant
Published 25 Jul, 2011 12:00am
Index gains 130.25 points

Index gains 130.25 points

Reviving local investors' interest supported the KSE-100 index to register an increase of 130.25 points to close at 12,476.77 points during the week ended on July 23, 2011. Foreign investors, however, were on selling side this week, marked by significant
Published 25 Jul, 2011 12:00am
Pakistan not to accept any country's supremacy in region: Hina

Pakistan not to accept any country's supremacy in region: Hina

Pakistan will not accept supremacy of any country in South Asia as neither the US nor China or India could downplay Pakistan's strategic significance in the present scenario, Foreign Minister Hina Rabbani Khar said here on Sunday.
Published 25 Jul, 2011 12:00am
Pakistan not to accept any country's supremacy in region: Hina

Pakistan not to accept any country's supremacy in region: Hina

Pakistan will not accept supremacy of any country in South Asia as neither the US nor China or India could downplay Pakistan's strategic significance in the present scenario, Foreign Minister Hina Rabbani Khar said here on Sunday.
Published 25 Jul, 2011 12:00am
LPG policy geared to benefit one company: draft prepared in secrecy

LPG policy geared to benefit one company: draft prepared in secrecy

The draft of ''LPG Production and Distribution Policy 2011'', prepared in secrecy without any inputs from stakeholders by the Ministry of Petroleum and Natural Resources, is set to spark controversy as it is aimed at delivering a financial windfall to a b
Published 25 Jul, 2011 12:00am
LPG policy geared to benefit one company: draft prepared in secrecy

LPG policy geared to benefit one company: draft prepared in secrecy

The draft of 'LPG Production and Distribution Policy 2011', prepared in secrecy without any inputs from stakeholders by the Ministry of Petroleum and Natural Resources, is set to spark controversy as it is aimed at delivering a financial windfall to a ban
Published 25 Jul, 2011 12:00am
LPG policy geared to benefit one company: draft prepared in secrecy

LPG policy geared to benefit one company: draft prepared in secrecy

The draft of 'LPG Production and Distribution Policy 2011', prepared in secrecy without any inputs from stakeholders by the Ministry of Petroleum and Natural Resources, is set to spark controversy as it is aimed at delivering a financial windfall to a ban
Published 25 Jul, 2011 12:00am
Extra security at UK mosques

Extra security at UK mosques

Some of Britain's mosques are adding extra security in the wake of the deadly Norway attacks, Muslim community leaders said Sunday. In recent weeks, a pig's head was left at a mosque outside of Oxford, while there have been repeated attacks on women weari
Published 25 Jul, 2011 12:00am
Extra security at UK mosques

Extra security at UK mosques

Some of Britain's mosques are adding extra security in the wake of the deadly Norway attacks, Muslim community leaders said Sunday. In recent weeks, a pig's head was left at a mosque outside of Oxford, while there have been repeated attacks on women weari
Published 25 Jul, 2011 12:00am
Norway mourns: victims of anti-Islam 'Crusader'

Norway mourns: victims of anti-Islam 'Crusader'

Norway mourned on Sunday 93 people killed in a shooting spree and car bombing by a Norwegian who saw his attacks as "atrocious, but necessary" to defeat liberal immigration policies and the spread of Islam. In his first comment via a lawyer since his arre
Published 25 Jul, 2011 12:00am
Norway mourns: victims of anti-Islam 'Crusader'

Norway mourns: victims of anti-Islam 'Crusader'

Norway mourned on Sunday 93 people killed in a shooting spree and car bombing by a Norwegian who saw his attacks as "atrocious, but necessary" to defeat liberal immigration policies and the spread of Islam. In his first comment via a lawyer since his arre
Published 25 Jul, 2011 12:00am
WWF collection: FBR advised to obtain Law Division opinion

WWF collection: FBR advised to obtain Law Division opinion

Legal advisors/consultants of the Federal Board of Revenue (FBR) have strongly recommended to the tax authorities to obtain legal opinion of the Law and Justice Division for proper collection of the Workers'' Welfare Fund (WWF) by persons liable to pay th
Published 25 Jul, 2011 12:00am
WWF collection: FBR advised to obtain Law Division opinion

WWF collection: FBR advised to obtain Law Division opinion

Legal advisors/consultants of the Federal Board of Revenue (FBR) have strongly recommended to the tax authorities to obtain legal opinion of the Law and Justice Division for proper collection of the Workers' Welfare Fund (WWF) by persons liable to pay the
Published 25 Jul, 2011 12:00am
WWF collection: FBR advised to obtain Law Division opinion

WWF collection: FBR advised to obtain Law Division opinion

Legal advisors/consultants of the Federal Board of Revenue (FBR) have strongly recommended to the tax authorities to obtain legal opinion of the Law and Justice Division for proper collection of the Workers' Welfare Fund (WWF) by persons liable to pay the
Published 25 Jul, 2011 12:00am
'Privacy and the Press' - I

'Privacy and the Press' - I

Britain's mega media scandal has again brought under spotlight the question whether the country now needs a law of privacy. It has also raised the question whether or not the judges be allowed to stop the British public from reading about a footballer's a
Published 25 Jul, 2011 12:00am
'Privacy and the Press' - I

'Privacy and the Press' - I

Britain's mega media scandal has again brought under spotlight the question whether the country now needs a law of privacy. It has also raised the question whether or not the judges be allowed to stop the British public from reading about a footballer's a
Published 25 Jul, 2011 12:00am
British police face new claims: Murdoch tabloid scandal

British police face new claims: Murdoch tabloid scandal

British police faced new allegations Sunday that officers leaked details about terror attack victims and a murdered schoolgirl to journalists at Rupert Murdoch's felled News of the World tabloid. The claims deepen the scandal surrounding phone-hacking at
Published 25 Jul, 2011 12:00am
British police face new claims: Murdoch tabloid scandal

British police face new claims: Murdoch tabloid scandal

British police faced new allegations Sunday that officers leaked details about terror attack victims and a murdered schoolgirl to journalists at Rupert Murdoch's felled News of the World tabloid. The claims deepen the scandal surrounding phone-hacking at
Published 25 Jul, 2011 12:00am
US rushes to avert disastrous default

US rushes to avert disastrous default

The White House and top lawmakers hurriedly hunted Sunday for a deal to stop the world's richest country from an unthinkable and ruinous default on its debt just hours before Asian markets were to open. "We may have a few stressful days coming up, and str
Published 25 Jul, 2011 12:00am
US rushes to avert disastrous default

US rushes to avert disastrous default

The White House and top lawmakers hurriedly hunted Sunday for a deal to stop the world's richest country from an unthinkable and ruinous default on its debt just hours before Asian markets were to open. "We may have a few stressful days coming up, and str
Published 25 Jul, 2011 12:00am
ECC shelves sugar procurement plan

ECC shelves sugar procurement plan

The Economic Co-ordination Committee (ECC) of the Cabinet has shelved sugar procurement plan after the Pakistan Sugar Mills Association (PSMA) preferred to remain away from the sugar purchase tender tailored in violation of Competition Commission of Pakis
Published 25 Jul, 2011 12:00am
ECC shelves sugar procurement plan

ECC shelves sugar procurement plan

The Economic Co-ordination Committee (ECC) of the Cabinet has shelved sugar procurement plan after the Pakistan Sugar Mills Association (PSMA) preferred to remain away from the sugar purchase tender tailored in violation of Competition Commission of Pakis
Published 25 Jul, 2011 12:00am
ECC shelves sugar procurement plan

ECC shelves sugar procurement plan

The Economic Co-ordination Committee (ECC) of the Cabinet has shelved sugar procurement plan after the Pakistan Sugar Mills Association (PSMA) preferred to remain away from the sugar purchase tender tailored in violation of Competition Commission of Pakis
Published 25 Jul, 2011 12:00am
THE RUPEE: downtrend persists

THE RUPEE: downtrend persists

The rupee somehow, managed to resist sharp fall against dollar on high inflows of remittances during the week ended on July 23, 2011. In the interbank deals, the rupee was down 11 paisa for buying at 86.18 and 10 paisa for selling at 86.20 against dollar.
Published 25 Jul, 2011 12:00am
THE RUPEE: downtrend persists

THE RUPEE: downtrend persists

The rupee somehow, managed to resist sharp fall against dollar on high inflows of remittances during the week ended on July 23, 2011. In the interbank deals, the rupee was down 11 paisa for buying at 86.18 and 10 paisa for selling at 86.20 against dollar.
Published 25 Jul, 2011 12:00am
20 more killed in Karachi violence

20 more killed in Karachi violence

The unabated violence continued to bedevil the city, as 20 more people were killed on Sunday amid mounting tension in many areas of the metropolis, Aaj News reported. Following the killings, Sindh home department imposed ban on pillion riding for indefini
Published 25 Jul, 2011 12:00am
20 more killed in Karachi violence

20 more killed in Karachi violence

The unabated violence continued to bedevil the city, as 20 more people were killed on Sunday amid mounting tension in many areas of the metropolis, Aaj News reported. Following the killings, Sindh home department imposed ban on pillion riding for indefini
Published 25 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (July 17, 2011) and the forecast for Monday (July 18, 2011).

Published 25 Jul, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 18 to 23, 2011)

Published 25 Jul, 2011 12:00am
Has he perjured himself?

Has he perjured himself?

Appearing on a TV talk show to clear his name on allegation of carrying Canadian passport (among other things), a guest accepted that he got the passport when he was on a three years leave while staying in Canada. The participants of the talk show failed
Published 25 Jul, 2011 12:00am
Canadians bid farewell to Afghan hockey rink

Canadians bid farewell to Afghan hockey rink

Oblivious to warning sirens and the dull thuds of possible mortar fire, Canadian troops battle it out for a tinfoil cup at their last hockey tournament under the sweltering Afghan sun.
Published 25 Jul, 2011 12:00am
Pacific's Niue looks to tourism to grow population

Pacific's Niue looks to tourism to grow population

In a once-thriving village on the Pacific island of Niue, homes lie abandoned, their stucco-clad walls mildewed and crumbling as the jungle slowly reclaims them. "These villages used to be bustling with people - now you go there in the afternoon and there
Published 25 Jul, 2011 12:00am
Defence expenditure

Defence expenditure

Defence expenditure has increasingly come under criticism in this country mainly because it has traditionally accounted for more than a quarter of our entire current budget allocation for decades. Inexplicably, the country's 167 million people are also al
Published 25 Jul, 2011 12:00am
Dr Fai in American court

Dr Fai in American court

A determined crusader of the Kashmiris' right of self-determination, Dr Ghulam Nabi Fai, is no secret agent; for over three decades he has been out in the open on his campaign in plain sight of the world. Working from his Washington-based Kashmir Centre,
Published 25 Jul, 2011 12:00am
Towards the quantum leap: Thar coal

Towards the quantum leap: Thar coal

The Ministry of Finance has agreed to provide Rs 900 million to Thar Coal Gasification Project to generate a modest 100MW of power based on coal gas on an experimental basis. In April 2009, Dr Samar Mubarakmund proposed a two-step solution. One was to geo
Published 25 Jul, 2011 12:00am
Lung cancer scans can be unreliable

Lung cancer scans can be unreliable

CT scans to measure lung tumours can be unreliable, potentially leading patients and doctors to believe cancer is growing when it's not, according to a study.
Published 25 Jul, 2011 12:00am
Brain swelling may be common with Alzheimer's drugs

Brain swelling may be common with Alzheimer's drugs

Three patients treated with an experimental Bristol-Myers Squibb Alzheimer's drug have developed a type of brain swelling known as vasogenic edema, but the side effect may be common in Alzheimer's patients, researchers said on July 18.
Published 25 Jul, 2011 12:00am
Parents' stress tied to effect of pollution on kids

Parents' stress tied to effect of pollution on kids

Children living in high-stress households are more vulnerable to lung damage from traffic pollution than children whose parents are less stressed out, according to the results of a new study.
Published 25 Jul, 2011 12:00am
Sports can alleviate depression

Sports can alleviate depression

Sports can bring depressed people out of their self-imposed isolation because exercise helps to relieve anxiety and stress. According to Fritz Hohagen, executive committee member of the German Association for Psychiatry and Psychotherapy, sports make it e
Published 25 Jul, 2011 12:00am
Buildings can make you sick

Buildings can make you sick

Working people who complain of stinging eyes, a scratchy throat, runny nose or headaches may need to look no further than their indoor workplace for the culprit. The condition is often referred to as "sick building syndrome," which seldom has a single cau
Published 25 Jul, 2011 12:00am
Chinese medicine could treat Parkinson's

Chinese medicine could treat Parkinson's

Chinese medicine may be effective in battling certain symptoms of Parkinson's disease, and lessening side effects from the drugs used to treat the condition, according to a new study. Researchers at Hong Kong Baptist University said Gouteng, a traditional
Published 25 Jul, 2011 12:00am
Global warming: study finds natural shields being weakened

Global warming: study finds natural shields being weakened

The soil and the ocean are being weakened as buffers against global warming, in a vicious circle with long-term implications for the climate system, say two new investigations. If the seas and the land are less able to soak up or store greenhouse gases, m
Published 25 Jul, 2011 12:00am
Opera Mini slims smartphone data streams

Opera Mini slims smartphone data streams

Opera Mini web-browsing software for smartphones has become an antidote for congested telecom networks and carrier bills that rise along with the amount of data streamed to handsets.
Published 25 Jul, 2011 12:00am
Indonesia urges ASEAN to harness Twitter, Facebook

Indonesia urges ASEAN to harness Twitter, Facebook

ASEAN must maximise the use of Twitter, Facebook and other social media to engage the region's citizens, Indonesian President Susilo Bambang Yudhoyono said on July 19. Speaking to Association of Southeast Asian Nations (ASEAN) foreign ministers on the isl
Published 25 Jul, 2011 12:00am
Google 'to open Indonesia office before 2012'

Google 'to open Indonesia office before 2012'

Google plans to open an office in Indonesia soon as it looks to tap the country's huge growth in Internet users, the office of the country's vice president said on July 22. The announcement came after talks between Eric Schmidt, chairman of the US Interne
Published 25 Jul, 2011 12:00am
Lookout, Verizon team up for mobile protection

Lookout, Verizon team up for mobile protection

US mobile security firm Lookout is teaming up with US telecom giant Verizon Wireless to protect smartphone users from hackers and scammers. Lookout Mobile Security and Verizon announced at the Fortune Brainstorm Tech conference in Aspen, Colorado, on July
Published 25 Jul, 2011 12:00am
Apple says Lion software downloads top one million mark

Apple says Lion software downloads top one million mark

Apple announced on July 21 that the new version of its Macintosh computer operating system was downloaded more than a million times in the 24 hours after it launched. Apple on July 20 unleashed its new Lion software, which boasts more than 250 added featu
Published 25 Jul, 2011 12:00am
Apple unveils new computers and new operating system

Apple unveils new computers and new operating system

Apple unveiled new versions of its Macbook Air and Mac Mini on July 20, and launched its new operating system Mac OS X Lion, a day after announcing record financial results spurred by strong sales of its popular iPhone and iPad.
Published 25 Jul, 2011 12:00am
China's Internet population hits 485 million

China's Internet population hits 485 million

China's online population, already the world's largest, hit 485 million users at the end of June - up 6.1 percent from the end of 2010, a government-linked industry body said on July 19. The survey released by the China Internet Network Information Centre
Published 25 Jul, 2011 12:00am
Samsung unveils new Galaxy tab to take on iPad

Samsung unveils new Galaxy tab to take on iPad

South Korea's Samsung Electronics launched a new version of its Galaxy Tab in its home market on July 20 in a bid to lure consumers away from Apple's iPad. Samsung, the world's second-largest mobile phone maker, also said it would in August launch an upda
Published 25 Jul, 2011 12:00am
China's Alibaba to launch mobile operating system

China's Alibaba to launch mobile operating system

China's leading e-commerce company Alibaba said July 22 it will launch a mobile operating system, joining industry giants Google and Apple in providing software for smartphones. The group will also unveil its first smartphone at the launch, to be held nex
Published 25 Jul, 2011 12:00am
Tech leaders ponder future of mobile devices

Tech leaders ponder future of mobile devices

The pace of innovation and change in mobile devices is so dizzying it is difficult to predict the winning platforms and products of the next few years. With that caveat, a panel of technology executives and experts nevertheless took out their crystal ball
Published 25 Jul, 2011 12:00am
Google Labs shutting down

Google Labs shutting down

Google on July 20 said it is shutting down its Labs website for creations-in-progress in order to better focus its resources and energy. Google Labs was an online playground where people could dabble with early versions of new services or products being w
Published 25 Jul, 2011 12:00am
Google+ adds online groups startup Fridge

Google+ adds online groups startup Fridge

Online groups startup Fridge said July 21 it has been bought by Google and will become part of the Internet giant's freshly-launched social network. New York City-based Fridge is closing and its small staff will become part of the Google+ team, the startu
Published 25 Jul, 2011 12:00am
Google search detects infected computers

Google search detects infected computers

Google on July 19 began warning some users of its popular Internet search service that their computers may be infected with a virus. Routine maintenance on one of the technology giant's data centres revealed unusual traffic from computers infected with a
Published 25 Jul, 2011 12:00am
Microsoft 'vault' open for dying Google Health records

Microsoft 'vault' open for dying Google Health records

Microsoft on July 18 offered its HealthVault as a new care centre for digitised medical records kept at Google's dying Health service. Google announced last month that it is pulling the plug on its free Health service because it hasn't flourished since it
Published 25 Jul, 2011 12:00am
Telefonica signs strategic deal with Etisalat

Telefonica signs strategic deal with Etisalat

Spain's Telefonica has signed a strategic agreement with the United Arab Emirates largest telecoms carrier Etisalat which it hopes will cut costs, the telecoms giant said on July 21. The deal, which covers joint projects in procurement, research and devel
Published 25 Jul, 2011 12:00am
Wells Fargo profit rises, beats estimates

Wells Fargo profit rises, beats estimates

Wells Fargo & Co, the fourth-largest US bank by assets, posted a higher quarterly profit, beating analysts' estimates, as it dipped into funds previously set aside for bad loans. The San Francisco-based company said second-quarter net income for common sh
Published 25 Jul, 2011 12:00am
Citi eyes HSBC, ICBC in retail banking push

Citi eyes HSBC, ICBC in retail banking push

Citigroup's Asian consumer banking unit is aiming to go head-on against deeply entrenched local players such as HSBC and DBS to shake up the competitive landscape. "There is a level of indifference across the industry. My philosophy is that it's an indust
Published 25 Jul, 2011 12:00am
BMW sales chief upbeat on China car sales growth

BMW sales chief upbeat on China car sales growth

BMW is banking on continued demand for luxury cars in China to boost its second half sales, albeit to a lesser degree than in the first half, the German carmaker's sales chief said.
Published 25 Jul, 2011 12:00am
Apple guns for Exxon as king of stocks

Apple guns for Exxon as king of stocks

Apple Inc. is within sight of catching up with Exxon Mobil as the most valuable company in the world. Based on Apple's growth trajectory and a number of catalysts in the pipeline - from a possible new iPhone this fall to expansions in China - investors an
Published 25 Jul, 2011 12:00am
GE posts $3.76 billion profit in second quarter

GE posts $3.76 billion profit in second quarter

US conglomerate General Electric on July 22 posted better-than-expected net earnings of $3.76 billion for the second quarter, citing a rise in demand, notably in international markets. The profit was an increase of 21 percent over the same period last yea
Published 25 Jul, 2011 12:00am
Caterpillar second quarter profits surge 44 percent

Caterpillar second quarter profits surge 44 percent

US industrial giant Caterpillar said on July 22 that second-quarter profits surged 44 percent from a year ago to $1.01 billion dollars, but the results still fell short of analysts' expectations. Revenues in the April-June period were $14.23 billion, whic
Published 25 Jul, 2011 12:00am
Caterpillar second quarter profits surge 44 percent

Caterpillar second quarter profits surge 44 percent

US industrial giant Caterpillar said on July 22 that second-quarter profits surged 44 percent from a year ago to $1.01 billion dollars, but the results still fell short of analysts' expectations. Revenues in the April-June period were $14.23 billion, whic
Published 25 Jul, 2011 12:00am
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