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Print - 2011-09-27
British prisoners' wages docked to fund victim support

British prisoners' wages docked to fund victim support

Prisoners in Britain set to work outside their jails will have up to 40 percent of their net pay docked to fund victim support schemes from Monday. Under a new law, the Prisoners' Earnings Act, inmates earning more than £20 ($31, 23 euros) a week after de
Published 27 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 26, 2011).

Published 27 Sep, 2011 12:00am
The Weather

The Weather

The weather report on Monday (September 26, 2011) and the forecast for Tuesday (September 27, 2011).

Published 27 Sep, 2011 12:00am
10 target killers among 13 suspects arrested

10 target killers among 13 suspects arrested

Sindh police on Monday claimed to have arrested 13 suspects including 10 target killers in separate raids at various parts of the metropolis and seized huge cache of weapons. According to sources, the Anti Extremist Cell (AEC) of Crime Investigation Depar
Published 27 Sep, 2011 12:00am
Four killed in separate incidents

Four killed in separate incidents

At least four persons including a woman were killed in separate incidents at various parts of metropolis on Monday. According to police, a man found dead in mysterious circumstances at his shop located at Meera Naka in the limits of Chakiwara police stati
Published 27 Sep, 2011 12:00am
Ebad assures businessmen of restoration of peace in metropolis

Ebad assures businessmen of restoration of peace in metropolis

Governor Sindh, Dr Ishratul Ebad Khan has assured business community that special powers delegated to Ranges and police to restore peace in the city would not be withdrawn until and unless they succeeded in their mission. Speaking at annual dinner of Kora
Published 27 Sep, 2011 12:00am
Date for filing of tax returns extended

Date for filing of tax returns extended

The Federal Board of Revenue has extended the date for filing of returns of total income/statements of final taxation up to October 25, 2011. According to a press release issued by the FBR here on Monday, in exercise of the powers conferred under section
Published 27 Sep, 2011 12:00am
Saudi Arabia felicitated on National Day

Saudi Arabia felicitated on National Day

On the auspicious occasion of 81st National Day of the Kingdom of Saudi Arabia, Siraj Kassim Teli, Chairman, Businessmen Group (BMG) & former President KCCI.
Published 27 Sep, 2011 12:00am
Polio eradication: Japan to provide 65 million dollars aid

Polio eradication: Japan to provide 65 million dollars aid

Japan will finance the second round of polio eradication drive in Pakistan with an amount of $65 million through the globally known Bill and Melanda Gates Foundation, officials said. An agreement has been signed to that effect, Abdul Wajid Rana, Secretary
Published 27 Sep, 2011 12:00am
Flood relief: France to provide Rs 90 million to NDMA, NGOs

Flood relief: France to provide Rs 90 million to NDMA, NGOs

France will provide 60 million rupees to National Disaster Management Authority and 10 million rupees each to three non-governmental organisations in Pakistan, as flood relief assistance. The assistance comprises shelters (tents, blankets, tarpaulins) for
Published 27 Sep, 2011 12:00am
Dengue virus, Rabies: PES, Rescue 1122 begin joint campaign

Dengue virus, Rabies: PES, Rescue 1122 begin joint campaign

Punjab Emergency Service, Rescue 1122 and Shifa International Hospital here jointly started a campaign against dengue virus and Rabies in the colleges. In this regard, joint effort of both the organisations has been started from Police College, Sihala and
Published 27 Sep, 2011 12:00am
Global Finance Award for HBL

Global Finance Award for HBL

At the annual World Bank and IMF meetings 2011 currently underway in Washington, D.C, Global Finance presented banking awards to the top global banks at a ceremony attended by senior bank officials of prominent global banks. HBL was presented with the awa
Published 27 Sep, 2011 12:00am
Steering committee decides to continue water project

Steering committee decides to continue water project

Federal Steering Committee on Chaghi Water Management and Agriculture Development Project on Monday decided to continue the project for further one year to complete the remaining work in Chaghi and Nushki districts of Balochistan.
Published 27 Sep, 2011 12:00am
PTCL upgrades telephone exchanges

PTCL upgrades telephone exchanges

Pakistan Telecommunication Company Limited (PTCL) is upgrading its telephone exchanges from Time Division Multiplexing (TDM) based technology to latest Next Generation Network (NGN) technology for providing better and improved services to its valued custo
Published 27 Sep, 2011 12:00am
Meeting resolves long-standing issue of outstanding bills

Meeting resolves long-standing issue of outstanding bills

Chief Secretary Sindh Muhammad Abbas Raja has called upon officials of HESCO and SEPCO to evolve transparent procedure for preparing electricity bills of Sindh government departments. This he said while presiding over a meeting which was held here on Mond
Published 27 Sep, 2011 12:00am
AJK Prime Minister vows to establish corruption-free society

AJK Prime Minister vows to establish corruption-free society

AJK Prime Minister, Chaudhry Abdul Majeed has categorically declared that his newly-elected people government will leave no stone unturned to establish a corruption-free society in Azad Jammu & Kashmir. He was speaking to various public representative del
Published 27 Sep, 2011 12:00am
Leading customs agents satisfied with WeBOC working

Leading customs agents satisfied with WeBOC working

Leading customs clearing agents of Karachi have shown their satisfaction over the working of the indigenously developed automated customs clearance system - Web Based One Custom (WeBOC) - at Qasim International Container Terminal, Port Qasim Karachi.
Published 27 Sep, 2011 12:00am
Qualified womenfolk termed Pakistan's greatest untapped resource

Qualified womenfolk termed Pakistan's greatest untapped resource

Pakistan's greatest untapped resource is its highly qualified and motivated womenfolk, who, if given a chance, have the ability to lead its economy to impressive new records of productivity and prosperity. This was stated by Dr Marilyn Wyatt, wife of US a
Published 27 Sep, 2011 12:00am
FWBL, Singer sign agreement

FWBL, Singer sign agreement

First Women Bank Ltd (FWBL) and Singer Pakistan Ltd with its brand name 'Singer', a globally recognised brand for last 160 years known for its reliability and quality in home appliances have entered into an agreement to facilitate customers on shop at Sin
Published 27 Sep, 2011 12:00am
People urged to renew arms licenses till September 30

People urged to renew arms licenses till September 30

National Database and Registration Authority (Nadra) has asked the people to get their arms licenses issued by the federal interior ministry renewed till September 30. An official said that the authority has designated around 158 centres across the countr
Published 27 Sep, 2011 12:00am
World Tourism Day today

World Tourism Day today

Arrangements have been finalised to mark World Tourism Day in Pakistan and Pakistan Tourism Development Corporation (PTDC) along with other counterparts would organise a series of events to showcase country's potential in its enchanting tourism sector. Wo
Published 27 Sep, 2011 12:00am
PSEB told to allow more interns, boost stipend

PSEB told to allow more interns, boost stipend

While addressing the 18th meeting of the Board of Directors of Pakistan Software Export Board (PSEB), on Monday, Prime Minister Syed Yousuf Raza Gilani directed the Board to increase the number of interns and also the amount of stipend to facilitate them
Published 27 Sep, 2011 12:00am
Dar asks Gilani to convene joint session on October 3

Dar asks Gilani to convene joint session on October 3

Pakistan Muslim League-Nawaz (PML-N) Senator Muhammad Ishaq Dar in letter written to Prime Minister Syed Yousuf Raza Gilani has requested him to convene a joint session of parliament, instead of summoning only the National Assembly session on October 3.
Published 27 Sep, 2011 12:00am
Sargodha accidents claim three lives, hurt 40 kids

Sargodha accidents claim three lives, hurt 40 kids

At least three persons died while 40 school-going kids sustained injuries in two separate accidents in Sargodha early Monday morning. According to details, three motorcyclists were killed on the spot after they were hit by a speeding-truck near Commerce C
Published 27 Sep, 2011 12:00am
Dengue fever: WHO team arrives to assess situation

Dengue fever: WHO team arrives to assess situation

An emergency team of the World Health Organisation (WHO) is in Pakistan to assess the health situation following the outbreak of dengue fever, in response to government's request. WHO is planning to provide Pakistan support in controlling the dengue outbr
Published 27 Sep, 2011 12:00am
Telecom sector development: PTA chief calls for bringing more value

Telecom sector development: PTA chief calls for bringing more value

To boost broadband development and sustainable economic growth in the country, Huawei Pakistan in collaboration with Pakistan Telecommunication Authority (PTA) launched "2011 Broadband Forum & Road Show" with the theme "Smarter Network for Better Life," h
Published 27 Sep, 2011 12:00am
EOBI pensioners still awaiting raise

EOBI pensioners still awaiting raise

The PPP-led government has not increased Pension of Employees Old-Age Benefit Institution (EOBI) so far despite announcement made by Prime Minister Yousuf Raza Gilani in Labour Policy 2010. Pension holders of EOBI are waiting for increase for the last thr
Published 27 Sep, 2011 12:00am
'Thar coal reserves to generate 1,000MW electricity for 30 years'

'Thar coal reserves to generate 1,000MW electricity for 30 years'

Member of the Science and Technology Planning Commission Dr Samar Mubarakmand on Monday said that at least 1,000 megawatts could be generated out of Thar Coal reserves. Talking to a private news channel, he said that at least, dollars 115 billion were req
Published 27 Sep, 2011 12:00am
Smeda, Fata sign MoU on WB funded ERKF project

Smeda, Fata sign MoU on WB funded ERKF project

Small and Medium Enterprises Development Authority (SMEDA) and FATA secretariat on Monday signed a Memorandum of Understanding (MoU) under the WB funded project for "Economic Revitalisation in Khyber-Pakhtunkhwa and FATA" (ERKF)
Published 27 Sep, 2011 12:00am
World Vision to assist flood victims

World Vision to assist flood victims

World Vision Pakistan's National Director, Alexander Davey said that World Vision Pakistan decided to intensify its flood response activities to assist nearly six million people affected by severe flooding in 22 of the 23 districts of Sindh as well as are
Published 27 Sep, 2011 12:00am
House gutted, valuables destroyed

House gutted, valuables destroyed

No human losses were reported as fire caused by short circuit engulfed the house in Shaheen colony razing it to the ground, said 1122 here on Monday. According to 1122, fire broke out in the house of one Zahid here in Shaheen colony due to short circuit r
Published 27 Sep, 2011 12:00am
Does Pakistan need new IMF programme?

Does Pakistan need new IMF programme?

The government is showing reluctance to negotiate a new programme with the IMF after its present arrangement with the global lending agency ends on September 30, 2011. Its hesitancy reveals its basic disposition towards a "greedy lender". Political expedi
Published 27 Sep, 2011 12:00am
The blind in the US

The blind in the US

The US is routinely annoyed at the world's refusal to believe what it 'wants' it to believe. Successive US administrations labelled the dissenters as either demented or evil because the US simply couldn't err or be dishonest. Proof: its record to-date beg
Published 27 Sep, 2011 12:00am
The United States' longest war drags on

The United States' longest war drags on

Between US President George W Bush announcing "Wanted: Dead or Alive" in September 2001 and incumbent Barack Obama proclaiming "Justice has been done" in May 2011, the United States spent most of the last decade hunting down one man.
Published 27 Sep, 2011 12:00am
Global warming-climate change

Global warming-climate change

The Inter-Governmental Panel on Climate Change (IPCC); International Committee on Climate Change; the International Transport Workers' Federation (ITF).
Published 27 Sep, 2011 12:00am
UHS gets Asia's Best Educational Institute award

UHS gets Asia's Best Educational Institute award

The World Education Congress Asia has awarded the University of Health Sciences (UHS) for being the best educational institute in healthcare. The award was received by UHS Controller of Examination Dr Junaid Sarfaraz Khan in a ceremony held in Dubai, UAE,
Published 27 Sep, 2011 12:00am
LCCI slams move to raise power tariff by 38 percent

LCCI slams move to raise power tariff by 38 percent

The Lahore Chamber of Commerce and Industry, while strongly criticising the move to jack up power tariff by 38 per cent (Rs 3.06 per unit), has urged the government to avoid this devastating and irrational move, as it would not only destroy the already cr
Published 27 Sep, 2011 12:00am
Teaching hospitals Appointment of ad hoc doctors, paramedics begins

Teaching hospitals Appointment of ad hoc doctors, paramedics begins

With a view to enhancing the existing medical and treatments facilities for dengue patients in government hospitals, ad hoc appointments of medical officers and allied staff through walk-in interviews have been started in the teaching hospitals here.
Published 27 Sep, 2011 12:00am
Dengue Test Cell set up

Dengue Test Cell set up

A Dengue Test Cell has been set up by the University of Agriculture Faisalabad at the Faculty of Veterinary Sciences and it has started functioning. The Cell was established on the directives of UAF Vice-Chancellor Professor Dr Iqrar Ahmad Khan while the
Published 27 Sep, 2011 12:00am
PHP seizes 65 liters of liquor

PHP seizes 65 liters of liquor

Punjab Highway Patrol (PHP) seized 65 liters liquor, 2.5 kg chars, 3 stolen cattle and illegal weapons on Monday. The PHP team Pul Bagar district Khanewal seized 65 liters liquor from Akhtar Ali S/O M. Faiz R/O, Wajid Ali S/O Ghulam Muhammad R/O and Arsha
Published 27 Sep, 2011 12:00am
Ikhtiar Baig leaves for India

Ikhtiar Baig leaves for India

Dr Mirza Ikhtiar Baig, Federal Advisor on Textile, Government of Pakistan has left for India with high power delegation led by Commerce Minister, Makhdoom Amin Fahim from 26th to 29th September 2011. Dr Baig will be giving a presentation on "The synergies
Published 27 Sep, 2011 12:00am
Premium Atta deal of the day concludes

Premium Atta deal of the day concludes

Chalo.pk, the latest venture by the entrepreneurs behind Rozee.pk, Pakistan's leading online jobs portal, has announced successful conclusion of its 'Premium Atta' deal of the day. Chalo.pk was recently launched by Monis Rahman, founder and CEO of Rozee.p
Published 27 Sep, 2011 12:00am
Farmers urged to adopt new technologies, researches

Farmers urged to adopt new technologies, researches

Pakistan can earn heavy amount of money by increasing the process of adopting new technologies and state-of-the-art researches by farmers in their fields that is also essential to cope with the agriculture challenges. This was stated by University of Agri
Published 27 Sep, 2011 12:00am
'New dengue diagnostic centres being set up'

'New dengue diagnostic centres being set up'

Minister for Labour Punjab, Haji Ehsan-ud-Din Qureshi has said that in order to enhance medical facilities for dengue patients new diagnostic centres for have been set up in the city.
Published 27 Sep, 2011 12:00am
PIAF hails Prime Minister's decision to convene APC

PIAF hails Prime Minister's decision to convene APC

Pakistan Industrial and Traders Association Front (PIAF) has hailed the Prime Minister Gilani's decision for convening an All Parties Conference (APC) to evolve consensus on national security situation. Chairman PIAF Sohail Lashari appreciated the bold st
Published 27 Sep, 2011 12:00am
Iran being approached to reopen Zero point

Iran being approached to reopen Zero point

Deputy Commissioner Chaghi Dr Mohammad Saeed Jamali has said that Iranian government was being approached and asked to reopen the zero point, a trade gate between Pakistan and Iran. Talking to newsmen on Monday, he said that Assistant Commissioner Chaghi
Published 27 Sep, 2011 12:00am
Salman elected Chairman PCMA unopposed

Salman elected Chairman PCMA unopposed

Muhammad Salman Yousuf as Chairman and Muhammad Arif Sonija as Vice-Chairman of Pakistan Cloth Merchants Association (PCMA) have been elected unopposed for the year 2011-2012. They will take charge on October 1, 2011, for one year.
Published 27 Sep, 2011 12:00am
Mobilink launches mobile application store

Mobilink launches mobile application store

Mobilink has launched Pakistan's first online mobile application store, at www.jazzbananas.com, which gives users access to thousands of apps that can be downloaded directly onto mobile handsets. Jazz Bananas is exclusive to all Mobilink prepaid and post-
Published 27 Sep, 2011 12:00am
Multilateral conference on October 20

Multilateral conference on October 20

The first multilateral conference 2011 is going to be held on October 20, 2011 in Karachi. This was announced by Saleem H Mandviwala, Chairman of the Board of Investment (BoI) along with Abdul Kader Jaffer, Chairman of Ahmad Jaffer and Company and Muhamma
Published 27 Sep, 2011 12:00am
Mashkoor's paintings exhibition, book launching today

Mashkoor's paintings exhibition, book launching today

A solo exhibition of paintings by master artist Mashkoor Raza and launching ceremony of book 'Mashkoor Raza's Journey, written by Nadeem Zuberi, will be held on Tuesday at 5:30 pm at Ocean Art Galleries, Karachi.
Published 27 Sep, 2011 12:00am
Makhdoom says his visit to boost ties with India

Makhdoom says his visit to boost ties with India

Commerce Minister Makhdoom Amin Fahim said on Monday that his visit would open avenues for the businessmen of Pakistan and India and boost bilateral trade. He was talking to media before his departure for Mumbai, India, at Karachi Airport. The Minister is
Published 27 Sep, 2011 12:00am
Afan Aziz elected SCCI president unopposed

Afan Aziz elected SCCI president unopposed

Afan Aziz former president Sarhad Chamber of Commerce and Industry (SCCI) and renowned industrialist elected unopposed as president of the Chamber, while Ziaul Haq Sarhadi and Abid Salam Khyber also elected unopposed as vice-presidents for 2011-12.
Published 27 Sep, 2011 12:00am
Bilour calls on Afghan Ambassador

Bilour calls on Afghan Ambassador

Minister for Railways Haji Ghulam Ahmed Bilour on Monday called on Afghan Ambassador to Pakistan Mohammad Umer Daudzai and condemned the assassination of Former Afghan President Burhanuddin Rabbani in Afghanistan. The Minister said that Burhanuddin Rabban
Published 27 Sep, 2011 12:00am
'Policies being implemented to meet challenges of disasters'

'Policies being implemented to meet challenges of disasters'

The Provincial Secretary to Forest department Syed Sohail Akbar Shah who has been nominated as Convenor and District-wise Co-ordinator with regard to supervise relief operation in rain-affected areas at districts Hyderabad, Tando Muhammad Khan, Tando Alla
Published 27 Sep, 2011 12:00am
EU ban on seafood import may be lifted in a month: Jokhio

EU ban on seafood import may be lifted in a month: Jokhio

The EU is 'most likely' to lift its four-year ban on Pakistan's seafood imports to its markets in a month's time, as the government has met the Union's all conditions to ensure catch and supply of the food on global hygienic standards.
Published 27 Sep, 2011 12:00am
NIC number on delivery vouchers: AKTI demands removal of condition

NIC number on delivery vouchers: AKTI demands removal of condition

The All Karachi Tajir Ittehad (AKTI) has demanded of the Federal Bureau of Revenue (FBR) to immediately abolish its condition of NIC number on delivery voucher, or the small traders would seek alternative methods to avoid legal ways of business.
Published 27 Sep, 2011 12:00am
Gas pipeline blown up in Dera Bugti

Gas pipeline blown up in Dera Bugti

Unknown armed men blew up a gas pipeline in the Pir Koh area on Monday. Unidentified men attached an explosive material with a 16-inch gas pipeline supplying gas to the purification plant from Pir Koh gas field and detonated it," police sources said. The
Published 27 Sep, 2011 12:00am
Second ElectroFair opens today

Second ElectroFair opens today

Inauguration ceremony of second ElectroFair 2011 exhibition and seminar will be held at Karachi Expo Centre from September 27, at 10:30 pm. This fair has been jointly organised by the Institute of Electrical and Electronics Engineers Pakistan (IEEEP) Kara
Published 27 Sep, 2011 12:00am
US MIDDAY: gold tumbles again

US MIDDAY: gold tumbles again

Gold tumbled nearly 4 percent Monday, hit by momentum selling and heavy liquidation by commodity hedge funds triggered by another sharp margin hike. The metal has lost 11 percent during its four-session sell-off, its worst four-day drop since February 198
Published 27 Sep, 2011 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

The modest recovery extended into New York trading hours, helping give the key December COMEX contract a mild 0.30-cent lift by early close on Monday to $3.2830 per lb. With a weaker macro picture dominating sentiment, investors were becoming more reliant
Published 27 Sep, 2011 12:00am
US MIDDAY: wheat rebounds

US MIDDAY: wheat rebounds

US wheat prices early on Monday posted a sharp rebound from last week's slide, lifting corn futures as traders said a weaker dollar added support to a market that was oversold. Wheat led the way, with the Minneapolis spring wheat market up 2.8 percent at
Published 27 Sep, 2011 12:00am
Gold tumbles in Europe

Gold tumbles in Europe

Gold fell on Monday, buckling under the weight of the strength of the dollar as investors scrambled for cash in the face of mounting fear over the impact of a potential Greek debt default on the eurozone economy. Euro zone officials played down reports on
Published 27 Sep, 2011 12:00am
Silver, gold plunge in Asia

Silver, gold plunge in Asia

Spot gold fell 5.2 percent and silver dropped by the most in three years, extending Friday's rout as investors bolted for the ultimate safe havens of cash and the dollar. A debt crisis in the eurozone that could infect the global economy is causing a wide
Published 27 Sep, 2011 12:00am
US cocoa rebounds

US cocoa rebounds

US cocoa futures rebounded strongly after dipping to a one-year low on Monday, with sugar and coffee up as well after a selling spree last week hit commodities and other financial markets. Global equities rose with investors sceptical that fresh efforts b
Published 27 Sep, 2011 12:00am
Malaysian palm, soya oils slide

Malaysian palm, soya oils slide

Vegetable oil futures slid on Monday with palm oil nearing a one year low as investors exited commodity markets on concerns governments from the United States to Europe had done too little to avoid a global recession. Benchmark palm oil futures dropped as
Published 27 Sep, 2011 12:00am
Tokyo rubber plunges 12 percent

Tokyo rubber plunges 12 percent

Key Tokyo rubber futures plunged 11.6 percent to a year low and Shanghai futures fell by their daily limit on Monday as they took a hit from global sell-offs in risk assets. The key Tokyo Commodity Exchange rubber contract for February delivery dived 39.5
Published 27 Sep, 2011 12:00am
Oil prices edge up

Oil prices edge up

Oil prices edged up in volatile trading on Monday as optimism that European officials and banks can tackle the eurozone debt crisis lifted markets even as scepticism about any solution curbed momentum. Oil prices rallied from steep early lows as European
Published 27 Sep, 2011 12:00am
Copper rebounds

Copper rebounds

Copper rebounded from a 14-month low on Monday but fears of a Greek debt default and the threat of a global recession continued to put pressure on the demand outlook for industrial metals. Three-month copper on the London Stock Exchange (LME) closed at $7
Published 27 Sep, 2011 12:00am
Shanghai copper hits limit down

Shanghai copper hits limit down

Copper prices crashed below $7,000 in London and by the daily limit in Shanghai as fears of a Greek default caused panic about a possible sharp slowdown in global demand for industrial metals. Recent data showing slowing factory output in China and worrie
Published 27 Sep, 2011 12:00am
New York cotton futures smidgen lower

New York cotton futures smidgen lower

Cotton futures finished with small losses on Monday as the market seemed to be finely balanced between investor sales and mill/commercial buying in the market, analysts said. The key December cotton contract on ICE Futures US dropped 1.60 cents, or 1.5 pe
Published 27 Sep, 2011 12:00am
Chinese foreign minister warns US on F-16 deal

Chinese foreign minister warns US on F-16 deal

China's foreign minister urged the United States on Monday to reconsider its decision to upgrade Tawian's F-16 jet fighter fleet, saying it could harm the "trust and confidence" between Washington and Beijing, a senior State Department official said. Chin
Published 27 Sep, 2011 12:00am
Canada and Kuwait sign deal to boost investments

Canada and Kuwait sign deal to boost investments

Canada and Kuwait on Monday signed a trade and investment treaty, during the first visit by a Kuwait prime minister to this country. The Foreign Investment Promotion and Protection Agreement sets out rules to ensure that foreign investors receive similar
Published 27 Sep, 2011 12:00am
Kenya's Nobel peace laureate dies

Kenya's Nobel peace laureate dies

Kenyan environmental activist Wangari Maathai who became the first African woman to be awarded the Nobel Peace Prize has died of cancer at the age of 71, her family announced Monday. Tributes flowed in for Maathai, who died on Sunday at a Nairobi hospital
Published 27 Sep, 2011 12:00am
Iran, Sudan united against 'pressures': Ahmadinejad

Iran, Sudan united against 'pressures': Ahmadinejad

Iranian President Mahmoud Ahmadinejad said on Monday that Iran and Sudan stand together as "defenders of Islam" in the face of pressure from Western governments. "Iran and Sudan will stand together as defenders of the Islamic world and the independence of
Published 27 Sep, 2011 12:00am
Fidel Castro calls Obama UN address 'gibberish'

Fidel Castro calls Obama UN address 'gibberish'

Cuba's Fidel Castro blasted Barack Obama's speech to the United Nations as "gibberish" on Monday, saying the US president used a rambling address to justify the "unjustifiable." In his first published column since July, the 85-year-old revolutionary icon
Published 27 Sep, 2011 12:00am
Delhi Metro first railway to get UN carbon credits

Delhi Metro first railway to get UN carbon credits

The Delhi Metro has become the world's first railway system to earn carbon credits from the United Nations for helping reduce greenhouse gas emissions, news reports said Monday. The transport network had helped cut carbon dioxide emissions in the metropol
Published 27 Sep, 2011 12:00am
Former BP boss quits Russian joint venture

Former BP boss quits Russian joint venture

Tony Hayward, the former head of BP who stepped down after the Gulf of Mexico oil spill catastrophe, is leaving his post on the board of its Russian joint venture TNK-BP, the company said Monday. Hayward, who came under huge criticism for his role in the
Published 27 Sep, 2011 12:00am
Lockheed's aeronautics unit to cut 540 jobs

Lockheed's aeronautics unit to cut 540 jobs

The aeronautics unit of Lockheed Martin Corp, the Pentagon's No 1 supplier by sales, said on Monday that it would cut 540 jobs to reduce costs as defence spending comes under pressure. The involuntary layoffs are part of the unit's plan announced in June
Published 27 Sep, 2011 12:00am
German business morale falls

German business morale falls

German business sentiment fell for the third month in a row in September, dipping to its lowest level since mid-2010, in the latest sign Europe's powerhouse economy is slowing just as the eurozone's debt crisis reaches a critical stage. The Munich-based I
Published 27 Sep, 2011 12:00am
OECD, ILO warn of structural unemployment

OECD, ILO warn of structural unemployment

Slow growth in advanced economies risks transforming high long-term unemployment rates into structural unemployment, a group of international economic organisations warned on Monday. According to a study by the International Labour Organisation and the Or
Published 27 Sep, 2011 12:00am
Another Nano car bursts into flames in India

Another Nano car bursts into flames in India

India's Tata Motors launched an inquiry on Monday after another of its Nano hatchbacks - billed as the world's cheapest car - caught fire in unexplained circumstances. The Nano, hailed in 2008 as a car that would revolutionise transport in India, has suff
Published 27 Sep, 2011 12:00am
Flexibility needed on India, EU trade deal

Flexibility needed on India, EU trade deal

European Union trade commissioner Karel De Gucht warned Monday that a long-planned free-trade agreement between Europe and India is in trouble failing more "flexibility" from both sides. "We remain fully engaged on these negotiations," the Belgian said af
Published 27 Sep, 2011 12:00am
Berkshire Hathaway in rare buyback; shares spike

Berkshire Hathaway in rare buyback; shares spike

Warren Buffett's conglomerate Berkshire Hathaway said it will launch a share buyback program, an unprecedented move from Buffett that comes after months of investor complaints that the stock is undervalued. Some long-time investors have said Berkshire sha
Published 27 Sep, 2011 12:00am
US new home sales fall to six-month low

US new home sales fall to six-month low

New single-family home sales in the United States fell in August to a 6-month low in a sign the crippled housing market will not provide much support for the flagging economy anytime soon. The Commerce Department said on Monday sales slipped 2.3 percent t
Published 27 Sep, 2011 12:00am
SEC mulls charges against S&P

SEC mulls charges against S&P

US regulators may charge Standard & Poor's with violating federal securities laws when it gave top ratings in 2007 to a repackaged mortgage bond that soon tanked. Securities and Exchange Commission action against S&P would be one of the first by the commi
Published 27 Sep, 2011 12:00am
Obama budget unlikely to be implemented: Moody's

Obama budget unlikely to be implemented: Moody's

President Barack Obama's deficit reduction plan would be positive for US ratings but chances of its implementation are "extremely low," Moody's Investors Service said on Monday. Moreover, the ratings agency warned in a report, deficit reduction in the Uni
Published 27 Sep, 2011 12:00am
Jamaat-e-Islami appreciates efforts to control dengue

Jamaat-e-Islami appreciates efforts to control dengue

Secretary General Jamaat-e-Islami Liaqat Baloch on Monday appreciated the efforts of the Punjab government to control dengue virus. The secretary general JI had a meeting with Punjab Chief Minister Shahbaz Sharif, disclosed an official. Member National As
Published 27 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the date for filing of Sales Tax and Federal Excise Returns for the periods July & August 2011. In a letter issued here Monday, it has been communicated to all Chief Commissioners of LTUs and RTOs that the date fo
Published 27 Sep, 2011 12:00am
'Effective strategy afoot to eradicate dengue virus'

'Effective strategy afoot to eradicate dengue virus'

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that an effective strategy is being implemented for eradication of dengue virus and public representatives, administration and institutions are working round the clock for coping with this menace.
Published 27 Sep, 2011 12:00am
Dozens injured in FC Fort explosion in Dera Bugti

Dozens injured in FC Fort explosion in Dera Bugti

Dozens of people were injured when explosive material exploded in FC Fort Dera Bugti on Monday. Several people were also injured outside the fort. According to details, FC personnel were shifting explosive material from one place to another within the FC
Published 27 Sep, 2011 12:00am
Sindh government not prepared to celebrate World Tourism day

Sindh government not prepared to celebrate World Tourism day

Sindh government has forgotten to celebrate the World Tourism Day, supposed to be celebrated on 27th September (today) 2011, Business Recorder learnt it on Monday. The whole world assigns great social importance to World Tourism Day and observes it
Published 27 Sep, 2011 12:00am
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