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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-10-30
Gold helps lift TSX

Gold helps lift TSX

Canadian stocks closed stronger on Friday after touching a near two-month high, as gains in the safe-haven gold sector offset the broader drag from fading optimism about Europe's deal to solve its debt crisis. Toronto stocks had rallied more than 2 percen
Published 30 Oct, 2011 12:00am
Treasuries up as higher yields attract buyers

Treasuries up as higher yields attract buyers

US Treasuries prices rose on Friday as lower prices and the highest yields in more than 2-1/2 months attracted buyers. The euphoria that caused riskier assets to rally in the previous session on Europe's new strategy to contain its debt crisis cooled, giv
Published 30 Oct, 2011 12:00am
Treasuries up as higher yields attract buyers

Treasuries up as higher yields attract buyers

US Treasuries prices rose on Friday as lower prices and the highest yields in more than 2-1/2 months attracted buyers. The euphoria that caused riskier assets to rally in the previous session on Europe's new strategy to contain its debt crisis cooled, giv
Published 30 Oct, 2011 12:00am
Parkson's retail arm to raise $108 million in Singapore IPO

Parkson's retail arm to raise $108 million in Singapore IPO

The Asian retail arm of Malaysia's Parkson Holdings is set to raise S$138.1 million ($108.2 million) in its Singapore initial public offering, according to its prospectus filed on Thursday. The company is selling 147 million shares - 67 million of which a
Published 30 Oct, 2011 12:00am
Turkish assets boosted by global risk appetite

Turkish assets boosted by global risk appetite

The Turkish lira firmed on Friday on rising global risk appetite and on continued support after the central bank this week announced a plan to shore up the currency, while bond yields fell in low volumes before markets closed early for a public holiday.
Published 30 Oct, 2011 12:00am
Latam stocks on track for best week in two years

Latam stocks on track for best week in two years

Latin American stocks seesawed on Friday, the day after markets rallied on a eurozone debt deal, but were on track to post their best week in more than two years as investors hoped the European crisis would now abate. The MSCI Latin American stock index j
Published 30 Oct, 2011 12:00am
Japanese bonds extend losses

Japanese bonds extend losses

Japanese government bonds fell on Friday after a deal on measures to fight Europe's financial crisis sparked relief rallies in riskier assets and dented appetite for safe-haven government debt, pushing the benchmark yield to its highest in two months. But
Published 30 Oct, 2011 12:00am
Japanese bonds extend losses

Japanese bonds extend losses

Japanese government bonds fell on Friday after a deal on measures to fight Europe's financial crisis sparked relief rallies in riskier assets and dented appetite for safe-haven government debt, pushing the benchmark yield to its highest in two months. But
Published 30 Oct, 2011 12:00am
Wall Street posts fourth week of gains

Wall Street posts fourth week of gains

US stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe's deal to stem its debt crisis. Though investors still have questions about implementing the deal, they
Published 30 Oct, 2011 12:00am
Dollar decline in full swing in risk-on environment

Dollar decline in full swing in risk-on environment

The US dollar's thrashing on Thursday after a last-minute European deal to contain the debt crisis may have sealed the currency's fate. And it is all downhill from here. The European agreement, which involves a 50 percent write-down of Greek debt and boos
Published 30 Oct, 2011 12:00am
Chinese money market rates jump on tax payments, cash call

Chinese money market rates jump on tax payments, cash call

China's money market rates jumped across the curve on Friday, buoyed by cash calls from corporate tax payments and end of the month demand from banks, but the liquidity crunch may ease late next week, traders said. October is a month when many companies p
Published 30 Oct, 2011 12:00am
Speculators cut long dollar bets in latest week

Speculators cut long dollar bets in latest week

Currency speculators decreased bets in favour of the US dollar to the lowest in six weeks in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $8.92 bil
Published 30 Oct, 2011 12:00am
Euro down from seven-week peak; EU deal euphoria fades

Euro down from seven-week peak; EU deal euphoria fades

The euro eased on Friday from the seven-week peak it struck the prior session following a deal on Europe's debt crisis, after an Italian bond auction showed investors are sceptical about the proposed resolution. The euro slipped after the auction yield on
Published 30 Oct, 2011 12:00am
Key Euribor rates continue upward march

Key Euribor rates continue upward march

Key euro-priced bank-to-bank lending rates rose on Friday after the ECB's much-hyped reintroduction of 1-year liquidity added little cash to money markets and question marks remained over banks' health following the latest EU crisis summit.
Published 30 Oct, 2011 12:00am
Latin currencies outlook

Latin currencies outlook

Brazil's real firmed to its strongest level against the US dollar in almost seven weeks on Friday as Europe's efforts to resolve its debt and banking crisis eased investor concerns about investing in Latin America. On Friday, the real strengthened 1.68 pe
Published 30 Oct, 2011 12:00am
African currencies outlook

African currencies outlook

Kenya and Uganda's shillings are both expected to gain next week due to increased monetary tightening by their central banks and, in Uganda's case, strong foreign interest in its high-yielding short-term debt.
Published 30 Oct, 2011 12:00am
Russia unlikely to emerge as major sugar exporter

Russia unlikely to emerge as major sugar exporter

Russia is moving toward self-sufficiency in sugar but a number of obstacles will prevent its emergence as a major exporter. Russia, which was the world's top raw sugar importer in the early 2000s when it used to buy around 4 million tonnes a year, has sli
Published 30 Oct, 2011 12:00am
Asian rubber: several shipments to China delayed

Asian rubber: several shipments to China delayed

Indonesian rubber changed hands at premiums to Thai and Malaysian grades due to limited supply, while fears of defaults gripped the physical market after several shipments to China were delayed, dealers said on Friday.
Published 30 Oct, 2011 12:00am
Egypt imposes temporary cotton import ban

Egypt imposes temporary cotton import ban

Egypt has imposed a temporary ban on cotton imports until the local crop has been sold, a financial newspaper reported on Thursday, saying there were problems marketing the domestic harvest. "This procedure will help solve the marketing problem for local
Published 30 Oct, 2011 12:00am
Flooding in Thailand paralysis rice trade

Flooding in Thailand paralysis rice trade

Flooding in Thailand all but paralysed the rice trade this week and delays to shipments are likely to continue, giving would-be buyers even more incentive to turn to India, which has returned to the export market and offers far lower prices.
Published 30 Oct, 2011 12:00am
US gold lower; posts biggest weekly rise since 2009

US gold lower; posts biggest weekly rise since 2009

Gold edged lower on Friday on profit taking a day after a deal to contain the eurozone debt crisis triggered a broad rise in equities and commodities, but gold posted its biggest weekly rise since January 2009.
Published 30 Oct, 2011 12:00am
Commodity prices jump on global market after EU debt deal

Commodity prices jump on global market after EU debt deal

Commodity prices rallied this week after a breakthrough deal to try and resolve the eurozone debt crisis helped ease stubborn concerns that it could spark a new global recession. "The decisions at the EU summit early Thursday led to a rise in risk appetit
Published 30 Oct, 2011 12:00am
AngloGold sees solid result

AngloGold sees solid result

World no.3 gold producer AngloGold Ashanti is set to report a solid third-quarter result tied to record gold prices for the September quarter, Chief Executive Mark Cutifani said on Thursday. "We've had the best ever gold price last quarter. It will be a s
Published 30 Oct, 2011 12:00am
IN SHORT: Brazilian coffee getting more expensive

IN SHORT: Brazilian coffee getting more expensive

Brazilian coffee is getting more expensive on the US physical market as producers there hold onto their beans from the recently harvested 2011/12 crop, US importers said. "Brazil (coffee) for the current crop has been really expensive. There's been some v
Published 30 Oct, 2011 12:00am
IN SHORT: Taiwanese buyers purchase Ukrainian corn

IN SHORT: Taiwanese buyers purchase Ukrainian corn

Private buyers in Taiwan have made rare purchases of corn (maize) from Ukraine, a European trade source said on Friday. Tonnage was unknown. Ukrainian corn was said to be being offered to Asian buyers at the low price of between $280 to $290 a tonne c&f.
Published 30 Oct, 2011 12:00am
IN SHORT: Egypt sugar beet, cane planting area seen steady

IN SHORT: Egypt sugar beet, cane planting area seen steady

The area planted with sugar beet and cane in Egypt in the 2011/2012 season will hold steady, an official said in remarks published on Wednesday, dousing talk that lucrative prices offered by the state for wheat would encourage a switch.
Published 30 Oct, 2011 12:00am
IN SHORT: Egypt to grow three million acres of wheat in 2011-12

IN SHORT: Egypt to grow three million acres of wheat in 2011-12

Egypt, the world's largest wheat importer, expects to grow 3 million acres of wheat in the 2011/12 season, the chairman of the country's National Seed Council said on Wednesday. The planting area will be "around 3 million acres, plus or minus ... nearly l
Published 30 Oct, 2011 12:00am
IN SHORT: Vietnam shy, Indonesian beans trade near record

IN SHORT: Vietnam shy, Indonesian beans trade near record

Farmers in Vietnam, the world's largest robusta producer, held on to their beans because of falling prices in London, while Indonesian coffee changed hands at near-record premiums on lingering supply constraints, dealers said on Thursday.
Published 30 Oct, 2011 12:00am
The route to recovery!

The route to recovery!

The country is in shambles with its economy near collapse, state institutions dismantled and rendered dysfunctional, writ of the State nowhere to be seen, vital services such as the Pakistan Railways and the national flag carrier, PIA gone bankrupt, Steel
Published 30 Oct, 2011 12:00am
DR Congo elections under threat, with much at stake

DR Congo elections under threat, with much at stake

With less than five weeks to go before the Democratic Republic of the Congo votes in key presidential and parliamentary elections, observers warn the country is ill-prepared, with some doubting whether polling can go ahead at all.
Published 30 Oct, 2011 12:00am
Labour judiciary

Labour judiciary

During the Second World War, Winston Churchill, the then Prime Minister of Britain, enquired of Lord Chancellor, the Chief Justice of Britain, to ensure that judiciary delivered equitable justice. The Chief Justice asked Churchill reasons for expressing s
Published 30 Oct, 2011 12:00am
Saudi women's right to vote

Saudi women's right to vote

King Abdullah of Saudi Arabia announced last month that Saudi women "will have the right to run in the municipal elections and to choose candidates" though they will have to wait for another four years to exercise those rights. Women are also to be given
Published 30 Oct, 2011 12:00am
The plight of lady health workers

The plight of lady health workers

Recent news reports highlighting ongoing protests by Lady Health Workers (LHWs) due to non-payment of salaries, as the government initiated the 106th Polio Drive, are bad news for all the stakeholders. Pakistan, unfortunately, is still fighting to eradica
Published 30 Oct, 2011 12:00am
Legislators' suspension

Legislators' suspension

Transparency and accountability are cornerstones of any democracy. But it appears the current nascent democratic setup has yet to catch up on such ideals. Recently, the Election Commission of Pakistan (ECP) suspended membership of 231 legislators of the N
Published 30 Oct, 2011 12:00am
AIOU to set up open schools, 3,000 community libraries

AIOU to set up open schools, 3,000 community libraries

Allama Iqbal Open University (AIOU) will establish Open Schools and 3,000 Community Libraries across the country to eliminate illiteracy from the country, said Vice Chancellor AIOU Professor Dr Nazir Ahmed Sangi.
Published 30 Oct, 2011 12:00am
FBISE to conduct postponed papers on October 31

FBISE to conduct postponed papers on October 31

Federal Board of Intermediate and Secondary Education (FBISE) will conduct the postponed papers of Urdu Compulsory-II and English Elective-II of Higher Secondary School Certificate (HSSC) Supplementary Examination on October 31.
Published 30 Oct, 2011 12:00am
11 suspects arrested

11 suspects arrested

Police apprehended two persons wanted in murder cases along with nine other outlaws from various areas of the city from whom hashish and wine were recovered. A Police Spokesman said that police arrested a culprit who managed to escape after killing a resi
Published 30 Oct, 2011 12:00am
JPJM to launch drive against inflation, delay in LG polls

JPJM to launch drive against inflation, delay in LG polls

While releasing a 'White Paper' on the illegal utilisation of Local Government funds by the provincial governments, Chairman of 'Jeeway Pakistan, Jeeway Maqami-Hakoomat' (JPJM), Daniyal Aziz, announced to launch a national campaign against major issues, i
Published 30 Oct, 2011 12:00am
Khyber Pakhtunkhwa fixes separate fares for CNG transport vehicles

Khyber Pakhtunkhwa fixes separate fares for CNG transport vehicles

The Transport Department of the government of Khyber Pakhtunkhwa has announced separate fare list for the CNG run vehicles in the province. According to details, new fare charges for flying coaches and mini buses have been fixed as 77-paisa, AC buses as 9
Published 30 Oct, 2011 12:00am
Eid-ul-Azha preparations gear up in Islamabad

Eid-ul-Azha preparations gear up in Islamabad

The hustle and bustle in the shopping malls and cattle markets of the federal capital is setting the atmosphere of Eid-ul-Azha, to fall on November 7 (Monday). All young and old ones seem to be busy with the sacrificial animals with focus on buying spices
Published 30 Oct, 2011 12:00am
Judicial commission Malik, Shahid hold talks

Judicial commission Malik, Shahid hold talks

High Commissioner of Pakistan to India Shahid Malik called on Minister for Interior Rehman Malik on Saturday and discussed matters related to judicial commission. During the meeting they also discussed follow-up of the secretary level meeting between Paki
Published 30 Oct, 2011 12:00am
Indian tomatoes flooding Pakistan

Indian tomatoes flooding Pakistan

Lured by high profits, Indian traders are flooding the Pakistan market with tomatoes, affecting domestic supplies and pushing up prices back home. Truck loads of tomatoes sourced from Delhi and Nashik are entering Pakistan through Attari-Wagah border in A
Published 30 Oct, 2011 12:00am
Needs of flood survivors' rise as winter approaches: UN

Needs of flood survivors' rise as winter approaches: UN

The needs of flood-hit Pakistani people are rising as winter approaches and reported outbreaks of water-and- vector-borne diseases, the United Nations reported on Friday, warning that funding for humanitarian assistance in the country remains low, with st
Published 30 Oct, 2011 12:00am
Dacoits donning forces' uniform arrested

Dacoits donning forces' uniform arrested

Police in Swat have arrested a dacoit gang that used to carryout their robberies in forces' uniform. SP Investigation, Swat, Sarbuland Khan told newsmen on Saturday that four dacoits wearing uniform of the forces had barged into the house of Mian Said Ali
Published 30 Oct, 2011 12:00am
Bannu police arrest 22 suspects

Bannu police arrest 22 suspects

In a crackdown against miscreants, Bannu police on Saturday claimed to have arrested 22 suspects and shifted them to undisclosed location for interrogation. DIG Bannu, Feroz Shah had received information about the presence of miscreants in the district up
Published 30 Oct, 2011 12:00am
Flood-hit people: President convenes meeting today

Flood-hit people: President convenes meeting today

President Asif Ali Zardari on Saturday has a long discussion with legislators, district administration of flood affected areas and irrigation authorities on dewatering in flood affected areas of Sindh through video conferencing from Control Centre at Bila
Published 30 Oct, 2011 12:00am
PPP leader 'sees' differences among Sharif brothers

PPP leader 'sees' differences among Sharif brothers

Pakistan People's Party leader and chairman of Evacuee Trust Property Board, Asif Hashmi, said on Saturday that he smelt differences among the Sharif brothers and added that media were giving reports regarding differences between Nawaz Sharif and Shahbaz
Published 30 Oct, 2011 12:00am
Expert underscores need for investment in halal food sector

Expert underscores need for investment in halal food sector

Pakistan can earn heavy amount of money by investing into Halal meat and exporting it after meeting our needs as only in Europe, the market size of Halal Foods is estimated $66 billion while France having the largest share of $17 billion.
Published 30 Oct, 2011 12:00am
Use of indecent language to create chaos: Jamaat-i-Islami

Use of indecent language to create chaos: Jamaat-i-Islami

Secretary General Jamaat-i-Islami Liaqat Baloch on Saturday said holding public meetings, rallies and protest was the democratic right of the political parties therefore the leadership of political parties should avoid using indecent language which would
Published 30 Oct, 2011 12:00am
PML-N failed to attract people to rally: MQM

PML-N failed to attract people to rally: MQM

Muttahida Qaumi Movement (MQM), zonal in charge Lahore, Shaheen Anwar Gilani, has said the Pakistan Muslim League-Nawaz (PML-N) failed to attract massive gathering in its rally. Talking to APP here on Saturday, he said most of people attended the rally we
Published 30 Oct, 2011 12:00am
Turkish quake victims: Punjab sends relief items

Turkish quake victims: Punjab sends relief items

First consignment of relief items for the earthquake affectees of Turkey has been sent by the Punjab government by a special plane. Punjab Chief Minister Muhammad Shahbaz Sharif saw off the special team carrying relief items at Lahore Airport on Saturday.
Published 30 Oct, 2011 12:00am
SNGPL clarification

SNGPL clarification

This is to clarify that no illegal incorrect billing to CNG Sector was carried out by SNGPL during August, 2011. The rates for CNG Sector were revised by the Government of Pakistan with effect from 7th August, 2011. SNGPL has prepared the bills on old rat
Published 30 Oct, 2011 12:00am
Emergency Medicine: CPSP, Ireland to start five-year fellowship

Emergency Medicine: CPSP, Ireland to start five-year fellowship

The College of Physicians and Surgeons Pakistan (CPSP) in collaboration with Ireland is starting five-year fellowship in the field of Emergency Medicine. This was stated by CPSP Vice-President Professor Khalid Masood Gondal in a meeting with 8-member Iris
Published 30 Oct, 2011 12:00am
Strategy adopted to eradicate dengue: Shahbaz

Strategy adopted to eradicate dengue: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said a solid strategy has been adopted for curbing dengue virus on permanent basis in the province. He was presiding over a meeting held to review measures against dengue virus Saturday. Members National and Provin
Published 30 Oct, 2011 12:00am
Seed processing plant: PSC officials directed to increase capacity

Seed processing plant: PSC officials directed to increase capacity

The Punjab Agriculture Minister Malik Ahmad Ali Aulakh has directed the Punjab Seed Corporation (PSC) officials to increase the capacity of the Corporation's seed processing plant. The Minister issued these directives during a surprise visit to the seed p
Published 30 Oct, 2011 12:00am
A S Rind Paintings show opens

A S Rind Paintings show opens

A solo paintings exhibition of Karachi-based artist A S Rind opened on Saturday at the Revivers Galleria in Gulberg, will remain continued till November 14th. Rind has participated in more than 35 group shows in Pakistan and abroad. He has 9 solo shows to
Published 30 Oct, 2011 12:00am
International moot on vision of Shaheed Benazir Bhutto next year

International moot on vision of Shaheed Benazir Bhutto next year

Shaheed Benazir Bhutto Chair will organise one-day international conference on Vision of Shaheed Benazir Bhutto Democracy and Prosperity in the last week of January 2012 at Sindh University and scholars from country and abroad will be invited to attend th
Published 30 Oct, 2011 12:00am
Coal-fired power generation: 50 percent work completed, says Dr Samar

Coal-fired power generation: 50 percent work completed, says Dr Samar

Renowned scientist Dr Samar Mubarakmand said that fifty percent coal-fired power generation works has already been done, while the rest would be completed within two months. With the completion of this project, the nation would get cheap and sufficient po
Published 30 Oct, 2011 12:00am
CJ IHC constitutes three benches

CJ IHC constitutes three 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 next week starting on Monday. The first bench comprises the Chief Justice and second bench Justice Ri
Published 30 Oct, 2011 12:00am
Body formed to review allotment of residences at GOR

Body formed to review allotment of residences at GOR

District Co-ordination Officer (DCO) Hyderabad Ahmad Bux Narejo has constituted a committee to review the legal status of the allotment of Bungalows & flats to the Government officers & directed the committee to recommend action against the persons who we
Published 30 Oct, 2011 12:00am
Plan to provide incentives to growers

Plan to provide incentives to growers

On the directives of the President Asif Ali Zardari, the Sindh government has prepared a comprehensive plan to provide incentives to those 92,000 small growers of Badin district whose farmland sustained damages as a result of September 2011 heavy rainfall
Published 30 Oct, 2011 12:00am
Sindh chief minister asks for implementation of uplift programme

Sindh chief minister asks for implementation of uplift programme

Sindh Chief Minister Syed Qaim Ali Shah has said that following the settlement of major portion of rains affectees, now the time has come to implement the programme of development in the province. This he said while presiding over a meeting of Planning an
Published 30 Oct, 2011 12:00am
Five more killed in targeted killings

Five more killed in targeted killings

The unabated targeted killings continued in the city as five more persons were killed in separate incidents at various parts of the metropolis, here on Saturday. According to police and rescue sources, a 28-year-old Muhammad Riyaz son of Saeed was killed
Published 30 Oct, 2011 12:00am
Hoti reiterates conditional talks offer to militants

Hoti reiterates conditional talks offer to militants

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has once again reiterated the offer that if the militants surrender their weapons, accept the writ of the state and guarantee living with peace in future then they are ready to hold negotiations wi
Published 30 Oct, 2011 12:00am
'People now waiting for call of long march'

'People now waiting for call of long march'

Leader of Pakistan Muslim League-Nawaz (PML-N) Mian Marghoob Ahmad on Saturday said after PML-N's successful rally against PPP-led government, people were waiting for the call of a long march. Addressing a reception given in honour of organisers of the ra
Published 30 Oct, 2011 12:00am
Burj Bank Limited assigned first fiduciary ratings

Burj Bank Limited assigned first fiduciary ratings

JCR-VIS Credit Rating Company Limited has assigned the first Fiduciary Ratings to Burj Bank Ltd. This rating truly reflects the spirit of Islamic finance by capturing the elements of Mudarib quality, institutional governance and compliance with Shariah pr
Published 30 Oct, 2011 12:00am
Burj Bank Limited assigned first fiduciary ratings

Burj Bank Limited assigned first fiduciary ratings

JCR-VIS Credit Rating Company Limited has assigned the first Fiduciary Ratings to Burj Bank Ltd. This rating truly reflects the spirit of Islamic finance by capturing the elements of Mudarib quality, institutional governance and compliance with Shariah pr
Published 30 Oct, 2011 12:00am
Ban on public rallies lifted for two days

Ban on public rallies lifted for two days

The Sindh Home Department on Saturday lifted ban on public rallies and processions in the metropolis. The ban, which was lifted for two days, will be effective till October 31. According to the notification, religious rites, funeral processions and those
Published 30 Oct, 2011 12:00am
No fire in PIA plane's engine: spokesman

No fire in PIA plane's engine: spokesman

There was no fire on PIA Boeing 747 aircraft, flight number PK 1458 with no passengers on board; returning from Jeddah which landed safely at Lahore airport. PIA Spokesman said on Saturday. While it was landing at Lahore airport, the control tower caution
Published 30 Oct, 2011 12:00am
Sindh police seizes 12kg of heroin

Sindh police seizes 12kg of heroin

Sindh police on Saturday claimed to have arrested a drug peddler and seized some 12kg heroin in the limit of Saachal police station. According to police, the raid was conducted on a tipoff at Afghan Basti located in Madina colony that led to the arrest of
Published 30 Oct, 2011 12:00am
Four injured in student groups' clash

Four injured in student groups' clash

At least four students sustained injuries when two student organisations clashed at Abdul Haq Campus of Urdu Collage in the limits of Eidgah police station on Saturday. According to details, all classes in the college were suspended when the workers of Pe
Published 30 Oct, 2011 12:00am
Sharjeel takes strong exception to statement made by Shahbaz

Sharjeel takes strong exception to statement made by Shahbaz

Sindh Minister for Information, Sharjeel Memon has taken strong exception to the statement made by Chief Minister of Punjab, Shahbaz Sharif during a rally in Lahore on Friday. In a press conference on Saturday, Sharjeel said people of the country were int
Published 30 Oct, 2011 12:00am
Godown gutted in Nushki

Godown gutted in Nushki

A godown filled with goods was gutted by fire in Nushki, police said on Saturday. "The godown was located in Hindu muhallah, owned by a local Hindu trader," police said. The cause of the incident is said to be the fireworks on the occasion of Diwali.
Published 30 Oct, 2011 12:00am
Pillion-riding banned in Sibi

Pillion-riding banned in Sibi

District Magistrate Sibi has imposed ban on pillion riding in the district. According to a handout issued here on Saturday, the district administration enforced ban on pillion riding under the Section-144. According to the Section-144, no party or group w
Published 30 Oct, 2011 12:00am
Three killed in separate accidents

Three killed in separate accidents

At least three persons lost their lives in separate mishaps at various parts of the metropolis here on Saturday. According to police and rescue sources, a man committed suicide in his house located in Mohajir Chowk Orangi Town in the limits of Mominabad p
Published 30 Oct, 2011 12:00am
PTI to hold rally today

PTI to hold rally today

Pakistan Tahreek-e-Insaf (PTI) is all set to hold pubic meeting at Minar-e-Pakistan on Sunday (today). Addressing a press conference, PTI General Secretary Dr Arif Alvi, PTI President Punjab Ahsan Rasheed and PTI President Lahore Mahmood-ur-Rashid said th
Published 30 Oct, 2011 12:00am
Former legislators join PML-N

Former legislators join PML-N

Former Member National Assembly, Chaudhry Muhammad Ilyas Jutt and former Member Provincial Assembly Khalid Mehmood Wattoo from Faisalabad called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Saturday and while expressing their complete confiden
Published 30 Oct, 2011 12:00am
MQM, PTI, PML-Q gang up against PML-N: Rashid

MQM, PTI, PML-Q gang up against PML-N: Rashid

Spokesman of PML-N Senator Pervaiz Rashid said foreign assistance to Imran Khan, maybe, well is backfired as it has only helped to expose the true face of a leader deriving its main strength from foreign sources. Rashid further said that besides Pakistan
Published 30 Oct, 2011 12:00am
Small traders hail FBR for withdrawing D-form

Small traders hail FBR for withdrawing D-form

Small traders have appreciated the Federal Board of Revenue (FBR) for its decision to remove the condition of showing details of expenditures in D-form saying the move to boost the investors' confidence.
Published 30 Oct, 2011 12:00am
Onion, tomato, ginger, garlic prices shoot up

Onion, tomato, ginger, garlic prices shoot up

The prices of essential kitchen items, especially onions, tomatoes, ginger, garlic and lemon, registered substantial increase during the current week compared to last week, according to a survey carried out by Business Recorder on Saturday.
Published 30 Oct, 2011 12:00am
Wheat worth Rs 56 billion exported

Wheat worth Rs 56 billion exported

Pakistan exported wheat worth Rs 56 billion in 2011 to Bangladesh, Dubai, Iran and Afghanistan, officials said. According to officials of the newly created Ministry of Food Security last year, the government permitted Pakistani traders to export 2 million
Published 30 Oct, 2011 12:00am
Sacrificial animals: unauthorised markets set up across city

Sacrificial animals: unauthorised markets set up across city

With Eidul Azha just around the corner, several unauthorised sacrificial animal markets established in the city, inflation and the financial crunch have started to give a tough time to customers and they may not be able get sacrificial animals in their es
Published 30 Oct, 2011 12:00am
CJP forms three benches to hear high profile cases

CJP forms three benches to hear high profile cases

Chief Justice Iftikhar Muhammad Chaudhry constituted three benches in Islamabad Registry to hear high profile cases from Monday. Among other cases the SC will also hear a constitutional petition, seeking action against the elites of political parties, bur
Published 30 Oct, 2011 12:00am
'Language of Shahbaz an attack on Parliament'

'Language of Shahbaz an attack on Parliament'

The Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan, said that insulting language by Chief Minister Punjab Shahbaz Sharif against President Asif Ali Zardari is in fact an attack on parliament and democracy in the Country.
Published 30 Oct, 2011 12:00am
Altaf denounces use of a 'derogatory' language against President

Altaf denounces use of a 'derogatory' language against President

Muttahida Qumi Movement (MQM) Chief Altaf Hussain has vehemently denounced the use of derogatory and abusive language against President of Pakistan by leaders of the Pakistan Muslim League-Nawaz (PML-N) in a public meeting in Lahore. He was addressing a w
Published 30 Oct, 2011 12:00am
Clarification

Clarification

Apropos a news item "Naqvi made new TCP chief" carried by Business Recorder on Saturday, spokesman for the Prime Minister''s House has said that posting/transfer is a routine matter in the government''s service. According to him, Syed Tahir Raza Na
Published 30 Oct, 2011 12:00am
Clarification

Clarification

Apropos a news item "Naqvi made new TCP chief" carried by Business Recorder on Saturday, spokesman for the Prime Minister's House has said that posting/transfer is a routine matter in the government's service. According to him, Syed Tahir Raza Naqv
Published 30 Oct, 2011 12:00am
Clarification

Clarification

Apropos a news item "Naqvi made new TCP chief" carried by Business Recorder on Saturday, spokesman for the Prime Minister's House has said that posting/transfer is a routine matter in the government's service. According to him, Syed Tahir Raza Naqv
Published 30 Oct, 2011 12:00am
75 killed in rebel attack in South Sudan state

75 killed in rebel attack in South Sudan state

Seventy-five people were killed on Saturday when government forces in the oil-rich South Sudanese Unity state repelled an attack by rebel militia, in which 15 civilians also died, the state's information minister said. "There was a militia attack at 5 or
Published 30 Oct, 2011 12:00am
75 killed in rebel attack in South Sudan state

75 killed in rebel attack in South Sudan state

Seventy-five people were killed on Saturday when government forces in the oil-rich South Sudanese Unity state repelled an attack by rebel militia, in which 15 civilians also died, the state's information minister said. "There was a militia attack at 5 or
Published 30 Oct, 2011 12:00am
Nisar rules out possibility of military takeover

Nisar rules out possibility of military takeover

Leader of opposition in National Assembly Chaudhry Nisar Ali Khan on Saturday ruled out possibility of military takeover, saying any unconstitutional step would neither be in interest of army nor the country. Talking to mediamen after attending a seminar
Published 30 Oct, 2011 12:00am
Nisar rules out possibility of military takeover

Nisar rules out possibility of military takeover

Leader of opposition in National Assembly Chaudhry Nisar Ali Khan on Saturday ruled out possibility of military takeover, saying any unconstitutional step would neither be in interest of army nor the country. Talking to mediamen after attending a seminar
Published 30 Oct, 2011 12:00am
Dengue virus: government fails to get financial aid from donors

Dengue virus: government fails to get financial aid from donors

The government has still not succeeded in getting any financial assistance from the donors regarding the control of dengue virus. Well-placed sources told Business Recorder here on Saturday that the federal government had called for foreign assista
Published 30 Oct, 2011 12:00am
Dengue virus: government fails to get financial aid from donors

Dengue virus: government fails to get financial aid from donors

The government has still not succeeded in getting any financial assistance from the donors regarding the control of dengue virus. Well-placed sources told Business Recorder here on Saturday that the federal government had called for foreign assista
Published 30 Oct, 2011 12:00am
Dengue virus: government fails to get financial aid from donors

Dengue virus: government fails to get financial aid from donors

The government has still not succeeded in getting any financial assistance from the donors regarding the control of dengue virus. Well-placed sources told Business Recorder here on Saturday that the federal government had called for foreign assista
Published 30 Oct, 2011 12:00am
Japan and India to promote talks on nuclear pact despite disaster

Japan and India to promote talks on nuclear pact despite disaster

Japan and India agreed Saturday to advance talks on a civilian nuclear co-operation pact, despite the devastating nuclear incident in Japan earlier this year. The bilateral negotiations with India towards concluding the accord on the transfer of nuclear e
Published 30 Oct, 2011 12:00am
Japan and India to promote talks on nuclear pact despite disaster

Japan and India to promote talks on nuclear pact despite disaster

Japan and India agreed Saturday to advance talks on a civilian nuclear co-operation pact, despite the devastating nuclear incident in Japan earlier this year. The bilateral negotiations with India towards concluding the accord on the transfer of nuclear e
Published 30 Oct, 2011 12:00am
Saudi court jails 'al Qaeda lady' for 15 years

Saudi court jails 'al Qaeda lady' for 15 years

A Saudi court on Saturday jailed for 15 years a Saudi woman known as "al Qaeda lady" for being the first woman in the kingdom tried for involvement in violence by the jihadist network, state media said. "A Saudi woman was sentenced to 15 years in jail sta
Published 30 Oct, 2011 12:00am
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