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Print - 2011-09-25
Palestinians want statehood bid decided in 2 weeks

Palestinians want statehood bid decided in 2 weeks

The Palestinians want the United Nations Security Council to decide on their bid for full membership of the world body within a fortnight, a leading official in the Fatah movement of President Mahmoud Abbas said on Saturday. "Palestinians will wait two we
Published 25 Sep, 2011 12:00am
'India will itself ask for Kashmir resolution'

'India will itself ask for Kashmir resolution'

President Azad Jammu and Kashmir Sardar Muhammad Yaqoob Khan has said that time is coming soon when India will itself ask for resolution of the Kashmir Issue after diplomatic efforts of the Pakistan Peoples Party government for resolving the issue accordi
Published 25 Sep, 2011 12:00am
Police beefs up security amid terrorist threat

Police beefs up security amid terrorist threat

Police beefed up security on a tipoff from the secret agencies regarding entry of two explosive-laden white colour vehicles in the city. Sources said here Saturday that intelligence agencies have communicated to the authorities concerned about the expecte
Published 25 Sep, 2011 12:00am
IHC benches

IHC benches

Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman has constituted three benches, including a divisional bench, to hear a number of cases starting from Monday, September 26. The first bench comprises the Chief Justice, second bench Justice
Published 25 Sep, 2011 12:00am
Law to curb dengue virus soon: Shahbaz

Law to curb dengue virus soon: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said apart from ensuring cleanliness in streets, parks, houses and other places, the government will also make a new legislation in order to eradicate dengue virus from the province. He expressed these views while
Published 25 Sep, 2011 12:00am
Promotion of local art: KPK patronises artists' community, says minister

Promotion of local art: KPK patronises artists' community, says minister

Khyber-Pakhtunkhwa government, Minister for Information and Culture, said that the government would provide full protection to artists' community, saying that it has patronised the artists' community for promotion of local art in the province. The Ministe
Published 25 Sep, 2011 12:00am
Four Supreme Court benches constituted

Four Supreme Court benches constituted

Chief Justice Iftikhar Muhammad Chaudhry on Saturday constituted four benches of the Supreme Court for next week from September 26 (Monday) for hearing hundreds of cases at Islamabad.
Published 25 Sep, 2011 12:00am
US urged to allow duty-free access to Pakistani merchandise

US urged to allow duty-free access to Pakistani merchandise

Founder Chairman of Pak-USA Business Council and VP SAARC Chamber of Commerce and Industry, Pakistan Chapter Iftikhar Ali Malik has urged the US administration to allow duty free access to Pakistani merchandise. Talking to the new US Consul General in Lah
Published 25 Sep, 2011 12:00am
First CLF from today

First CLF from today

The first Children Literature Children Festival (CLF) is all set to be held on November 25 and 26 2011 at the Children's Library Complex (CLC) Lahore. This was announced by founders of CLF Ameena Saiyid Managing Director Oxford University Press and Head I
Published 25 Sep, 2011 12:00am
CDGK's seven schemes initiated again

CDGK's seven schemes initiated again

Works and Services department of City District Government Karachi (CDGK) has initiated seven schemes which were stopped two years back due to what CDGK concerned described shortage of funds. The work on these schemes has now been started with reallocation
Published 25 Sep, 2011 12:00am
Police busts 12 gangs of dacoits

Police busts 12 gangs of dacoits

Islamabad Police have busted 12 gangs of dacoits, drug pushers and prostitutes during the week and arrested 105 persons for their alleged involvement in different crimes, but street crime still remains a challenge for capital police.
Published 25 Sep, 2011 12:00am
Tariq elected Steel Rerolling Mills Association chairman

Tariq elected Steel Rerolling Mills Association chairman

Tariq Waheed on Saturday was elected Chairman of Pakistan Steel Re-Rolling Mills Association, and Shoaib Arshad as Vice Chairman (Lahore Circle) and Shahnawaz Ishtiaq Vice Chairman (Karachi Circle) for the year 2011-12.
Published 25 Sep, 2011 12:00am
Industry cannot progress without gas, power: Bengali

Industry cannot progress without gas, power: Bengali

Rule of law is a must for the formation of a civilised society and industrial sector cannot progress without gas and electricity, said Sindh Chief Minister's Advisor Qaisar Bengali. He was speaking at a stakeholders' dialogue on 'Framework for Economic Gr
Published 25 Sep, 2011 12:00am
Power shortfall inches up to abnormal level

Power shortfall inches up to abnormal level

Power shortfall has started inching again towards abnormal levels, as the demand and supply gap widen to around 4000MW on Saturday with rise in mercury after comparatively long cloudy spell. The power generation stood at 13393MW against a demand of 17194M
Published 25 Sep, 2011 12:00am
Hina meets Egyptian, Canadian, Honduran counterparts

Hina meets Egyptian, Canadian, Honduran counterparts

Foreign Minister, Hina Rabbani Khar held a bilateral meeting with the Foreign Minister of Iceland, Ossur Sharpheoinsson on the sidelines of the 66th session of United Nations General Assembly, said a press release received here from New York on Saturday.
Published 25 Sep, 2011 12:00am
PML-N chief pays tributes to lawyers

PML-N chief pays tributes to lawyers

Karachi High Court Bar Association President Rasheed A. Rizvi and former President of Supreme Court Bar Association Munir A. Malik called on PML-N Quaid Muhammad Nawaz Sharif and Punjab Chief Minister Muhammad Shahbaz Sharif here on Saturday. On the occas
Published 25 Sep, 2011 12:00am
Minister urged to ensure uninterrupted gas supply

Minister urged to ensure uninterrupted gas supply

All Pakistan Textile Mills Association (Aptma) has urged Federal Minister for Petroleum, Dr Asim Hussain to ensure uninterrupted gas supply five days a week to the textile industry. In a letter written to the federal petroleum minister, Aptma expressed co
Published 25 Sep, 2011 12:00am
Pacra assigns star rankings to funds of AHIL

Pacra assigns star rankings to funds of AHIL

Pakistan Credit Rating Agency Limited (Pacra) has assigned ranking to the following funds of Arif Habib Investments Limited (AFHIL) based on performance review for the period ended June 30, 2011 (trailing 12 months for normal star rankings and trailing 36
Published 25 Sep, 2011 12:00am
Pacra assigns star rankings to funds of AHIL

Pacra assigns star rankings to funds of AHIL

Pakistan Credit Rating Agency Limited (Pacra) has assigned ranking to the following funds of Arif Habib Investments Limited (AFHIL) based on performance review for the period ended June 30, 2011 (trailing 12 months for normal star rankings and trailing 36
Published 25 Sep, 2011 12:00am
Biotech plant inaugurated

Biotech plant inaugurated

Punjab Chief Minister, Muhammad Shahbaz Sharif inaugurated biotech plant at Manga Raiwind Road here, jointly constructed by Argentine and Feroze Sons Laboratories. Usman Khalid of Feroze Sons Laboratories briefed the chief minister regarding the project.
Published 25 Sep, 2011 12:00am
Educational institutions to reopen tomorrow

Educational institutions to reopen tomorrow

After completion of fumigation campaign, all the schools and colleges will be reopened from Monday (September 26). The Punjab government has already issued detailed instructions to the heads of educational institutions asking them to ensure neat and clean
Published 25 Sep, 2011 12:00am
MCCI elections: Anis, Muhammad elected unopposed

MCCI elections: Anis, Muhammad elected unopposed

Mian Anis Ahmed Sheikh and Khawaja Muhammad Hussain have been elected unopposed as President and Senior Vice President of Multan Chamber of commerce and Industry respectively for 2011-12. Mian Anis Ahmed Sheikh is younger brother of FPCCI's former Preside
Published 25 Sep, 2011 12:00am
Dr Malik to leave for China today

Dr Malik to leave for China today

The Secretary Literacy & Non-formal Basic Education, Dr Allah Bakhsh Malik will leave for China today (September 25) to attend two days Confucius Awarding ceremony there. The invitation has been extended to him by Chinese National Commission for UNESCO. T
Published 25 Sep, 2011 12:00am
Militants among 24 suspects arrested by CID police

Militants among 24 suspects arrested by CID police

At least 24 suspects including militants of banned outfit were taken into custody in different raids at various parts of the metropolis here on Saturday. According to police sources, the Crime Investigation Department (CID) of Sindh police arrested a mili
Published 25 Sep, 2011 12:00am
Dengue virus: public awareness drive begins today

Dengue virus: public awareness drive begins today

In order to create awareness among the masses against dengue, the Punjab government in collaboration with the City District Government Lahore is launching a two-day vigorous door to door public awareness campaign in Lahore from Sunday (today).
Published 25 Sep, 2011 12:00am
SCCI launches fund-raising campaign

SCCI launches fund-raising campaign

Sialkot Chamber of Commerce and Industry (SCCI) formally launched fund raising campaign for the flood-hit people of Sindh in Sialkot, said President SCCI Ghulam Mustafa Choudhry on Saturday. In an informal chat with Business Recorder he said that s
Published 25 Sep, 2011 12:00am
BoK's another branch starts operations at Mansehra Road

BoK's another branch starts operations at Mansehra Road

Bank of Khyber (BoK) another branch starts operations at Mansehra Road opposite Sethi Masjid Abbottabd after formally inaugurated by Bilal Mustafa, Managing Director BoK, says a press release issued here on Saturday.
Published 25 Sep, 2011 12:00am
Interwood participates in electronic exhibition

Interwood participates in electronic exhibition

Interwood Mobel (Pvt) Ltd participated in Home Appliances and Electronic Equipment Exhibition which was held at Expo Centre, Lahore, from 9th to 12th September, 2011. In this exhibition, Interwood promoted its imported kitchen appliances to let the people
Published 25 Sep, 2011 12:00am
Student commits suicide

Student commits suicide

A 2nd year student committed suicide by jumping into River Chitral on Saturday, as the reason for the tragic act remain shrouded in mystery, police said. According to police, one Shabnam Bibi, student of 2nd year, resident of Madeer Chitral committed suic
Published 25 Sep, 2011 12:00am
Kosht Folk Festival conclude

Kosht Folk Festival conclude

Two weeks long Kosht folk festival concluded here on Saturday wherein 12 polo teams, 42 football teams and 18 volleyball teams participated. According to the results, Shaldeen Polo team defeated Kosht by six goals and grabbed first position. Similarly, in
Published 25 Sep, 2011 12:00am
MOL and SRCP ink MoU

MOL and SRCP ink MoU

MOL Pakistan and Sarhad Rural Support Programme (SRSP) inked a memorandum of Understanding (MoU) to achieve the objectives of environmental improvement and landscape enhancement in operational area of TAL Block. The signing ceremony was held here on Satur
Published 25 Sep, 2011 12:00am
Fish harbour navigational channel: fishermen clamour against congestion

Fish harbour navigational channel: fishermen clamour against congestion

The fishermen on Saturday said the congestion at Karachi fish harbour navigational channel was causing about million of rupees seafood to become stale inside the vessels' holds as the boats have to remain in long-queues for hours on daily basis to reach t
Published 25 Sep, 2011 12:00am
Relief goods from Egypt to arrive next week

Relief goods from Egypt to arrive next week

Egypt would participate in relief efforts of the government of Pakistan to alleviate suffering of the victims and displaced persons caused by torrential rains. This decision has been made following call of the President of Egypt and Pakistan Government, s
Published 25 Sep, 2011 12:00am
Tea import increases by 0.96 percent

Tea import increases by 0.96 percent

Tea import into the country during the first two months of current financial year registered an increase of 0.96 percent, as the country consumed 19,745 metric tons of tea during the period from July to August 2011. According to the monthly foreign trade
Published 25 Sep, 2011 12:00am
Five dengue patients die in Khyber Pakhtunkhwa

Five dengue patients die in Khyber Pakhtunkhwa

The number of confirmed patients affected by dengue virus has reached to 129 in Khyber Pakhtunkhwa where 268 suspected cases were reported while five among these patients, had died. According to updated report on Saturday from the office of Director Gener
Published 25 Sep, 2011 12:00am
Two drown off Hawksbay beach

Two drown off Hawksbay beach

Two picnickers including a child drowned into sea at Hawksbay Beach while three others were rescued, here on Saturday, Edhi ambulance service said. They said a big family had come in two buses to picnic at the beach. They were enjoying bathing when a stro
Published 25 Sep, 2011 12:00am
Seven Faisalabad units: probe begins into gas loadshedding exemption

Seven Faisalabad units: probe begins into gas loadshedding exemption

The Ministry of Petroleum and Natural Resources has initiated an inquiry into gas allocation for 12 months to seven industrial units of Faisalabad allegedly in violation of Gas Allocation and Management Policy 2005. It was brought to the notice of the min
Published 25 Sep, 2011 12:00am
Saudi TV starts Urdu news bulletin

Saudi TV starts Urdu news bulletin

The Saudi TV Channel-2 has started Urdu News bulletin aimed at serving the needs of the Urdu knowing community in the Kingdom. This step would enable the community to keep themselves abreast with the policies and socio-economic development in Saudi Arabia
Published 25 Sep, 2011 12:00am
FBAATI urges Chief Justice to take notice of power crisis

FBAATI urges Chief Justice to take notice of power crisis

An emergency meeting of the managing committee, Federal B Area Association of Trade and Industry (FBAATI) was held on Saturday to discuss eight-hour load shedding being carried out by Karachi Eclectic Supply Company (KESC) in the industrial areas and its
Published 25 Sep, 2011 12:00am
PAMCO training session from tomorrow

PAMCO training session from tomorrow

Punjab Agriculture and Meat Company (PAMCO) is holding a four days training session entitled "Public workshop on Global GAP Livestock" from September 25 to 28, 2011 for people attached with dairy sector. Objective of this workshop is to ensure the tractab
Published 25 Sep, 2011 12:00am
'Export' of heritage

'Export' of heritage

A recent incident involving sale of a fasting Buddha statue at the prestigious Christie's fine arts auction house in the UK has brought focus on the illegal artefacts export from the country. As reported by newspapers, a Unesco employee noticed a Christie
Published 25 Sep, 2011 12:00am
Guilty as charged

Guilty as charged

Pakistan's cricket continues in its topsy-turvy ways as two instances of good news were offset with one long-expected confession. Merely days after Pakistan whipped the Zimbabwe cricket team in the ODI series and news of Aleem Dar's hat-trick of David She
Published 25 Sep, 2011 12:00am
Minimum tax on service and accrual accounting

Minimum tax on service and accrual accounting

The tax deducted on behalf of a taxpayer for rendering of, or providing of services is a minimum tax under clause (b) of Subsection (3) of Section 153 of the Income Tax Ordinance, 2001 (the Ordinance) and now the Corporate Sector has also been covered for
Published 25 Sep, 2011 12:00am
Pride, scepticism, scorn as Palestinians mark Abbas' UN bid

Pride, scepticism, scorn as Palestinians mark Abbas' UN bid

Thousands of ecstatic Palestinians packed central Ramallah's Yasser Arafat square Friday night to cheer as President Mahmoud Abbas formally announced his bid for statehood and UN membership in New York. The speech before the General Assembly, watched live
Published 25 Sep, 2011 12:00am
Washington salutes Warhol with two major shows

Washington salutes Warhol with two major shows

Fifteen minutes of posthumous fame just keeps going for Andy Warhol, the undisputed giant of Pop Art who's getting not just one, but two major exhibitions in the US capital. "Warhol: Headlines" at the National Gallery of Art will focus - for the first tim
Published 25 Sep, 2011 12:00am
Minorities in Pakistan

Minorities in Pakistan

Very few people are aware that Pakistan's first cabinet, formed in August 1947, inducted a scheduled caste Hindu Minister Jagan Nath Mandal, as the first law and labour minister. Mandal started working with the Muslim League in 1943. He joined the Ministr
Published 25 Sep, 2011 12:00am
United drop first points but end day on top

United drop first points but end day on top

Manchester United dropped their first points of the season after a 1-1 draw at Stoke City on Saturday but ended the day leading the Premier League table after vacating top spot to Manchester City for a few hours. City went ahead of United after their 2-0
Published 25 Sep, 2011 12:00am
Platini wants EU protection for UEFA

Platini wants EU protection for UEFA

UEFA president Michel Platini says he wants the European Union to protect his organisation against court cases brought by clubs. Platini is pushing through financial fair-play rules for European competition next season that will oblige teams to stop opera
Published 25 Sep, 2011 12:00am
Bopara stars as England crush West Indies

Bopara stars as England crush West Indies

Ravi Bopara produced England's best ever Twenty20 bowling performance to set up a crushing 10-wicket win over the West Indies in the first game of a two-match series at the Oval on Friday. The Essex all-rounder took 4-10 with his medium pace, eclipsing th
Published 25 Sep, 2011 12:00am
Stage set for Faysal Bank T20

Stage set for Faysal Bank T20

Stage is set for the Faysal Bank T20 Cricket Championship Cup 2011 that will commence from September 25, (Sunday) at the National Stadium, Karachi. The event was originally scheduled to be held in Lahore, was shifted to Karachi for the fear of Dengue viru
Published 25 Sep, 2011 12:00am
Valencia beaten 1-0 in ugly clash at Sevilla

Valencia beaten 1-0 in ugly clash at Sevilla

Valencia squandered a chance to go top of La Liga when Ever Banega fluffed a penalty and they lost a bad-tempered clash 1-0 at nine-man Sevilla on Saturday. Valencia finished with 10 men after Aritz Aduriz was sent off for stamping on the foot of Emir Spa
Published 25 Sep, 2011 12:00am
Shaoib was a problem and remains a problem: Wasim Akram

Shaoib was a problem and remains a problem: Wasim Akram

Former Pakistan captain Wasim Akram on Saturday ridiculed Shoaib Akhtar and his controversial autobiography saying that the pacer was a "problem" when he was an active player and remained the same even after retirement. Akram pooh-poohed Shoaib's claims o
Published 25 Sep, 2011 12:00am
Shoaib on backfoot, says he never said Tendulkar was scared of him

Shoaib on backfoot, says he never said Tendulkar was scared of him

Former fast bowler Shoaib Akhtar, who questioned Sachin Tendulkar's ability to finish matches in his autobiography on Friday, has sought to play down the remarks by saying that he was only referring to a particular incident when he felt the star Indian ba
Published 25 Sep, 2011 12:00am
No role for Rehan, Zeeshan in hockey: Hanif Khan

No role for Rehan, Zeeshan in hockey: Hanif Khan

Former star forward and chief selector Hanif Khan said on Saturday that there was no more role for two former Pakistan captains - Rehan Butt and Zeeshan Ashraf in the future of national hockey. "Their era has come to an end and we are now looking to raise
Published 25 Sep, 2011 12:00am
Scheepers ends South African WTA title drought

Scheepers ends South African WTA title drought

Chanelle Scheepers ended an eight year drought for South Africa here on Saturday as she won her maiden WTA title beating Magdalena Rybarikova of Slovakia 6-2, 6-2. The 27-year-old seventh seed - the first South African to win a WTA trophy since Amanda Coe
Published 25 Sep, 2011 12:00am
Pakistan juniors to feature in eight-nation hockey in Malaysia

Pakistan juniors to feature in eight-nation hockey in Malaysia

Pakistan junior hockey team will take part in the inaugural Sultan Johar Junior Hockey Tournament being held in Johar Baru from November 5 to 12. Pakistan Hockey Federation (PHF) is holding a training camp of the 29-probable at Hockey Club of Pakistan Sta
Published 25 Sep, 2011 12:00am
Sanchez, Voskoboeva in Seoul final

Sanchez, Voskoboeva in Seoul final

Unseeded Galina Voskoboeva reached her first WTA final after she battled back in the second set to record a 6-1, 6-4 victory over Slovakia's fifth seed Polona Hercog in the Hansol Korea Open Saturday. Kazakh Voskoboeva takes on Maria Jose Martinez Sanchez
Published 25 Sep, 2011 12:00am
Federer, Soderling pull out of Shanghai Masters

Federer, Soderling pull out of Shanghai Masters

Roger Federer and ailing Swede Robin Soderling have withdrawn from next month's Shanghai Masters tournament. Last week's dash from the US Open in New York to Dubai to Sydney for a winning Davis Cup semi-final may have taken a bigger-than expected toll on
Published 25 Sep, 2011 12:00am
NASA satellite breaks up, plunges back to Earth

NASA satellite breaks up, plunges back to Earth

A six-tonnes NASA science satellite pierced the atmosphere over the Pacific Ocean and fell back to Earth, the US space agency said on Saturday, but it was not yet known where the remains landed.
Published 25 Sep, 2011 12:00am
World Bank boosts aid for Horn of Africa famine

World Bank boosts aid for Horn of Africa famine

The World Bank said Saturday it would nearly quadruple its aid for the drought and famine-struck Horn of Africa to $1.9 billion, saying more than 13 million people require immediate assistance. The bank upped its aid for the region from the $500 million a
Published 25 Sep, 2011 12:00am
German tourist killed in Afghanistan

German tourist killed in Afghanistan

Unknown gunmen killed a German tourist and his Afghan companion in central Afghanistan on Saturday, and wounded two other Afghans, when they opened fire on the van the tourist was travelling in, a senior police officer said. The men were on a road in remo
Published 25 Sep, 2011 12:00am
Thirteen die in Indonesia boat accident

Thirteen die in Indonesia boat accident

Thirteen people were killed and nine missing after a boat sank Saturday off Indonesia's East Java province, an official said. "Thirteen people were killed in a boat accident off the coast of Raas island. Nine people are still missing," Surabaya city searc
Published 25 Sep, 2011 12:00am
Singapore rejects calls to scrap tough security law

Singapore rejects calls to scrap tough security law

Singapore has rejected a call by former political prisoners to scrap a British colonial law allowing detention without trial, saying it allows the government to fight serious security threats. The Ministry of Home Affairs said the former detainees were he
Published 25 Sep, 2011 12:00am
NTC forces fight for Qadhafi's home town

NTC forces fight for Qadhafi's home town

Libyan interim government forces backed by Nato warplanes swarmed into Muammar Qadhafi's home town of Sirte on Saturday but encountered heavy sniper fire as they tried to win control of one of the deposed leader's last strongholds.
Published 25 Sep, 2011 12:00am
Activists force Bolivia minister into protest march

Activists force Bolivia minister into protest march

Amazon Indian protestors forced a senior cabinet minister to join a march and break through a police blockade separating them from rival Andean Indians in north-eastern Bolivia on Saturday.
Published 25 Sep, 2011 12:00am
Egypt changes election system

Egypt changes election system

Egypt's military rulers have agreed to amend election rules, state-run media said on Saturday, but some politicians say the changes still leave too much scope for supporters of ousted President Hosni Mubarak to seek parliamentary seats.
Published 25 Sep, 2011 12:00am
India seeks to welcome Palestine as UN member

India seeks to welcome Palestine as UN member

Indian Prime Minister Manmohan Singh said Saturday his country looked forward to welcoming a state of Palestine as a full member of the United Nations. "India is steadfast in its support for the Palestinian people's struggle for a sovereign, independent,
Published 25 Sep, 2011 12:00am
Main opposition boycott vote in Bahrain

Main opposition boycott vote in Bahrain

The main opposition boycotted elections in Bahrain on Saturday held to fill parliamentary seats that were vacated by its members during a crackdown on a mostly Muslim Shia protest movement in the Sunni-ruled monarchy. The low turn-out of voters would appe
Published 25 Sep, 2011 12:00am
EU sanctions target mobile phone Syriatel

EU sanctions target mobile phone Syriatel

The European Union imposed sanctions on Syria's main mobile phone operator Syriatel and its largest private company, Cham Holding, on Saturday to intensify pressure on President Bashar al-Assad. The sanctions also include a television station, Addounia TV
Published 25 Sep, 2011 12:00am
Provincial media coordination cell inaugurated

Provincial media coordination cell inaugurated

Sindh Information Minister Sharjeel Inam Memon here on Saturday inaugurated a provincial media co-ordination cell. The cell has been set up in the Information Department on the directives President Asif Ali Zardari to provide media with updated informatio
Published 25 Sep, 2011 12:00am
Education boards to get latest ICT services

Education boards to get latest ICT services

Pakistan Telecommunication Company Limited (PTCL) has won a bid to provide all Punjab educational boards of intermediate and secondary education with latest information and communications technology (ICT) services. According to the details, PTCL will be t
Published 25 Sep, 2011 12:00am
15 held in Quetta

15 held in Quetta

Law enforcement agencies have taken about 15 suspects into custody during an operation launched in the city and outskirts, said police official on Saturday. "Personnel of law enforcement agencies launched search operation in various areas of the city incl
Published 25 Sep, 2011 12:00am
Symposium on human rights held

Symposium on human rights held

The vice-chancellor of the University of Sindh, Professor Dr Nazir A. Mughal urged upon the students to understand the Human Rights' philosophy and find out facts through education and understanding. He was speaking in inaugural session of one-day Symposi
Published 25 Sep, 2011 12:00am
Former SHO remanded to police custody in robbery case

Former SHO remanded to police custody in robbery case

Judicial Magistrate, Karachi Central on Saturday granted physical remand of former Station House Officers (SHO), New Karachi Industrial Area Police Station, SI Amir Khan alias Chulbul Panday to police in robbery case till September 26. Khawaja Ajmair Nagr
Published 25 Sep, 2011 12:00am
Thousands queue for taste of Apple's Hong Kong flagship store

Thousands queue for taste of Apple's Hong Kong flagship store

Thousands of Apple fans queued to be the first inside the company's Hong Kong flagship store on its opening day Saturday. Some of the customers had camped out two nights to be the first through the doors and claim one of 5,000 t-shirts being handed out to
Published 25 Sep, 2011 12:00am
ECB's Draghi urges government reforms to boost fiscal positions

ECB's Draghi urges government reforms to boost fiscal positions

European Central Bank Governing Council member Mario Draghi said on Saturday that strains in financial markets stemming from sovereign debt concerns presented urgent challenges and called on governments to make firm and swift reforms.
Published 25 Sep, 2011 12:00am
Japan can't act like Swiss on currency rise

Japan can't act like Swiss on currency rise

Japan cannot curb rises in its currency like Switzerland has done by setting a cap on its currency and pledging to defend it with intervention, as that would effectively mean abandoning monetary policy independence, a senior Japanese finance ministry offi
Published 25 Sep, 2011 12:00am
Russia, Ukraine leaders tackle gas row

Russia, Ukraine leaders tackle gas row

Ukrainian President Viktor Yanukovych met his Russian counterpart Dmitry Medvedev on Saturday for crunch talks aimed at avoiding a repeat of a gas row that cut off some EU supplies in 2009. The meeting at the government's Zavidovo hunting estate was joine
Published 25 Sep, 2011 12:00am
No special measures needed to aid Russia markets

No special measures needed to aid Russia markets

There is no need to introduce special measures to aid Russia's falling markets, Finance Minister Alexei Kudrin said late on Friday - a day which saw the country's currency and exchanges suffering their sharpest weekly collapse since early 2009.
Published 25 Sep, 2011 12:00am
US regulators close two banks

US regulators close two banks

US regulators closed two banks - one in Norfolk, Virginia and the other in Nevada City, California - on Friday, bringing the total number of closures this year to 73. The larger of the two bank was Bank of the Commonwealth in Norfolk, with assets of $985.
Published 25 Sep, 2011 12:00am
BofA may sell mortgage unit to Fortress

BofA may sell mortgage unit to Fortress

Bank of America Corp is in talks to sell its correspondent mortgage lending unit to a division of Fortress Investment Group LLC, the Wall Street Journal reported on Friday. The largest US bank by assets, which has been saddled by losses and litigation rel
Published 25 Sep, 2011 12:00am
Syria slaps ban on imports except raw materials

Syria slaps ban on imports except raw materials

Syria has banned imports of most foreign manufactured goods except raw materials and grains, local businessmen said on Saturday in a move to preserve foreign currency reserves under pressure from Western sanctions and ongoing political unrest.
Published 25 Sep, 2011 12:00am
Philippine Airlines cuts flights, ground crew

Philippine Airlines cuts flights, ground crew

Flag-carrier Philippine Airlines said Saturday it would temporarily slash flight frequencies over the next two months as part of a cost-saving programme that would also eliminate 2,600 jobs. Eleven flights to Hong Kong, Bangkok, New Delhi, Macau, Singapor
Published 25 Sep, 2011 12:00am
Vietnam inflation eases

Vietnam inflation eases

Vietnam's inflation rate eased for the first time in more than a year in September, official estimates showed on Saturday, but economic growth was lower amid government efforts to rein in prices. The consumer price index (CPI) slowed to a 22.4 percent yea
Published 25 Sep, 2011 12:00am
Bill Gates backs Tobin tax, G20 unconvinced

Bill Gates backs Tobin tax, G20 unconvinced

Microsoft founder Bill Gates on Friday backed a controversial financial transactions tax to aid development in poor countries but France acknowledged that most G20 countries did not like the idea. The Gates Foundation was tasked by French President Nicola
Published 25 Sep, 2011 12:00am
In Short: Japan's rice futures working as benchmark

In Short: Japan's rice futures working as benchmark

A month after listing on the Tokyo Grain Exchange, rice futures are offering a benchmark price and serving a key purpose of their launch, although trading volume remains sluggish due to caution among investors, the exchange said on Tuesday. Tokyo Grain Ex
Published 25 Sep, 2011 12:00am
Indonesia's US wheat imports set to fall

Indonesia's US wheat imports set to fall

United States wheat exports to top Asian importer Indonesia may fall next year due to increased competition and rising output from rivals Canada and Australia, a senior official at US Wheat Associates said on Wednesday. Last year, the United States shippe
Published 25 Sep, 2011 12:00am
India considers hiking refined palm oil import duties

India considers hiking refined palm oil import duties

India is considering an industry request to raise import duties on processed palm oil, government and industry sources said, after Indonesia lowered its export taxes on the product - a move seen as dealing "a death blow" to Indian refineries. India, the N
Published 25 Sep, 2011 12:00am
Thai rice prices fall as buyers look elsewhere

Thai rice prices fall as buyers look elsewhere

Thai rice prices slipped further this week, sapped by a drop in demand as buyers plumped for cheaper grain from India after it allowed exports of 2 million tonnes, exporters said on Wednesday. The benchmark 100 percent B grade Thai white rice was offered
Published 25 Sep, 2011 12:00am
Commodity prices slump as investors seek dollar safety

Commodity prices slump as investors seek dollar safety

Commodity prices tumbled last week, mirroring the situation on global stock markets, as fears of a new world-wide recession amid a worsening eurozone debt crisis saw investors seek refuge in the dollar. The US Federal Reserve on Wednesday warned of signif
Published 25 Sep, 2011 12:00am
In Short: Bangladesh rain-fed rice output seen at record high

In Short: Bangladesh rain-fed rice output seen at record high

Bangladesh's rain-fed rice output is expected to rise 4 percent to hit a record 13.3 million tonnes, farm officials said, indicating the country won't need to increase costly imports. The government may need to import at most 500,000 tonnes of rice in the
Published 25 Sep, 2011 12:00am
In Short: Vietnam coffee exports rise

In Short: Vietnam coffee exports rise

Vietnam, the world's second-largest coffee producer after Brazil, exported a record 1.27 million tonnes, or 21.17 million bags, of coffee in the 2010/2011 crop year, up 9.5 percent from the previous season, the government said on Friday. Coffee exports th
Published 25 Sep, 2011 12:00am
In Short: Japan lowers 2011-12 sugar import estimate

In Short: Japan lowers 2011-12 sugar import estimate

Japan has revised down its sugar import estimate for the year to September 2012 from three months ago as local sugar beet output is likely to rise and inventories remain sufficient, a government official said on Thursday. Japan now estimates sugar imports
Published 25 Sep, 2011 12:00am
In Short: India buys palm olein

In Short: India buys palm olein

India struck deals for 50,000 tonnes of refined, bleached and deodorised (RBD) palm olein from Indonesia in the last week, traders said on Thursday, in an immediate reaction to Jakarta's tax cut on exports of processed oils from September 15.
Published 25 Sep, 2011 12:00am
Greece needs decade to get competitive: German minister

Greece needs decade to get competitive: German minister

German Finance Minister Wolfgang Schaeuble said in a magazine interview published on Saturday that Greece would not be able to return to capital markets next year and would need a decade to make its economy competitive. Schaeuble told business weekly Wirt
Published 25 Sep, 2011 12:00am
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