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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-11-03
European shares rise

European shares rise

European shares rose on Wednesday, recouping some of the sharp losses in the previous losses, as investors picked up battered bank stocks, while strong earnings news lifted Randgold Resources and Next. The market also extended gains after better-than-expe
Published 03 Nov, 2011 12:00am
FTSE ends three-day slide

FTSE ends three-day slide

Britain's top share index rose on Wednesday, regaining half the previous day's fall and bucking a three-day slide, buoyed by earnings news and US data in a volatile session that was overshadowed by the hazy eurozone debt-crisis outlook. Mining and oil fir
Published 03 Nov, 2011 12:00am
Money markets betting ECB could cut rates by 50 bps

Money markets betting ECB could cut rates by 50 bps

Money markets have moved to price in an outside chance that the European Central Bank could fully reverse this year's rate hikes by December since Greece shook financial markets with plans to hold a referendum on its latest bailout package. Market bets th
Published 03 Nov, 2011 12:00am
Sterling up versus dollar

Sterling up versus dollar

Sterling climbed against the dollar on Wednesday, recovering some of the previous day's losses as the rally in safe-haven assets waned, although gains looked likely to be capped and the pound underperformed the euro. Sterling clawed back 0.3 percent on th
Published 03 Nov, 2011 12:00am
Euro rises in Asia

Euro rises in Asia

The euro nudged up on Wednesday, moving away from a three-week trough marked the day before, as investors covered short positions following its worst two-day fall since May with jitters over Greece's referendum set to cap any bigger gains. The euro was up
Published 03 Nov, 2011 12:00am
Euro edges up in London

Euro edges up in London

The euro edged up on Wednesday, rebounding from a three-week low against the dollar as investors took a breather from a deep sell-off in the past two days, although it was vulnerable to the downside on jitters over Greece's referendum. The euro was up 0.4
Published 03 Nov, 2011 12:00am
Early trade in New York: Dollar trims losses versus euro

Early trade in New York: Dollar trims losses versus euro

The US dollar pared losses against the euro on Wednesday after the Federal Reserve's Federal Open Market Committee said after meeting that US economic growth strengthened somewhat in the third quarter. Investors interpreted that as removing the possibilit
Published 03 Nov, 2011 12:00am
Euro slides third day

Euro slides third day

The euro slid for a third straight session against the dollar on Tuesday, hitting a near three-week low as Greece's surprise call for a referendum on its latest rescue package fuelled fears of an imminent default. The Greek government faced possible colla
Published 03 Nov, 2011 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 76.24-76.29 (previous 76.24-76.27). Call Money Rates: 10.00-19.00 percent (previous 10.00-17.00 percent).
Published 03 Nov, 2011 12:00am
Swiss franc down

Swiss franc down

The Swiss franc followed the euro higher against the dollar on Wednesday, pulling away from a near two-week low against the greenback, as investors covered short positions following a euro sell-off linked to fresh Greek worries in the previous session. Th
Published 03 Nov, 2011 12:00am
Indian rupee rebounds

Indian rupee rebounds

The Indian rupee reversed intraday losses on Wednesday, buoyed by dollar inflows and gains in the euro, although trade remained choppy as investors fretted over Europe's plan to resolve its debt crisis after Greece's referendum call. The partially convert
Published 03 Nov, 2011 12:00am
Won, most Asian FX down

Won, most Asian FX down

The South Korean won and most of its peers fell on Wednesday as hedge funds reduced bets on emerging Asian units with investors rushing away from riskier assets after Greece's referendum call re-ignited doubts about Europe's bailout deal.
Published 03 Nov, 2011 12:00am
Chinese yuan down

Chinese yuan down

China's yuan ended lower on Wednesday, although the central bank fixed the mid-point near a record high again ahead of the Group of 20 summit. The People's Bank of China set the mid-point at 6.3297 versus the dollar before trading started, compared with 6
Published 03 Nov, 2011 12:00am
British MPs call for World Cup bids probe

British MPs call for World Cup bids probe

British lawmakers on Wednesday called for an independent investigation into the bidding for the 2018 and 2022 World Cups despite a 'whistleblower' retracting allegations that Qatar paid bribes to FIFA members. The culture, media and sport (CMS) committee
Published 03 Nov, 2011 12:00am
Focus is key for mellowed Pakistan captain

Focus is key for mellowed Pakistan captain

Pakistan captain Misbah-ul Haq Wednesday said focus is the key for him and his team as they try to avert distraction caused by a court verdict against three former team-mates in a corruption case. Although Misbah shied away from commenting on the verdict
Published 03 Nov, 2011 12:00am
Dilshan urges Sri Lanka batsmen to score big

Dilshan urges Sri Lanka batsmen to score big

Skipper Tillakaratne Dilshan urged his batsmen to stand up and score big to help Sri Lanka level the series against Pakistan by winning the third Test which starts here from Thursday. Poor first innings batting let Sri Lanka down in the first Test before
Published 03 Nov, 2011 12:00am
Barca, Milan reach Champions League quarters

Barca, Milan reach Champions League quarters

AC Milan and defending champions Barcelona both reached the last 16 of the Champions League on Tuesday, but Premier League giants Arsenal and Chelsea were made to wait to secure qualification. Arsenal, 5-3 victors at Chelsea on Sunday, needed victory at h
Published 03 Nov, 2011 12:00am
Gulberg Gymkhana in Amar Cables T20 semis

Gulberg Gymkhana in Amar Cables T20 semis

In the IInd Amar Cables T20 Veteran Cricket Tournament, Gulberg Gymkhana beat Chaudhry Sports by 2 wickets and has qualified for the semi-final at Model Town Green Cricket Ground. Batting first, Chaudhry Sports scored 126 for 8 in 20 over. Shahid Ali 37,
Published 03 Nov, 2011 12:00am
Mazhar Majeed pleaded guilty to fixing

Mazhar Majeed pleaded guilty to fixing

Mazhar Majeed, the agent of three Pakistan cricketers convicted over a conspiracy to bowl deliberate no-balls, pleaded guilty to his involvement in the betting scam, it can be reported Wednesday. Judge Jeremy Cooke, hearing the case at London's Southwark
Published 03 Nov, 2011 12:00am
Judge rejects Aamer claim that fixing was one-off

Judge rejects Aamer claim that fixing was one-off

A British judge dismissed claims Wednesday that Pakistan bowler Mohammad Aamer was only involved in one episode of spot-fixing, as three Pakistan players awaited sentencing in the case. The 19-year-old has pleaded guilty to conspiracy to cheat at gambling
Published 03 Nov, 2011 12:00am
Five-star Bishoo hands West Indies series win

Five-star Bishoo hands West Indies series win

Leg-spinner Devendra Bishoo grabbed 5-90 as the West Indies trounced Bangladesh by 229 runs in the second Test in Dhaka on Wednesday to win their first away series in eight years. Bangladesh, who were set an improbable victory target of 508 runs, were sho
Published 03 Nov, 2011 12:00am
New Zealand stay on top

New Zealand stay on top

New Zealand maintained the upper hand in their one-off Test against Zimbabwe on Wednesday, despite the hosts fighting back strongly throughout the second day at Queens Sports Club. Zimbabwe went to stumps on 82 for one, with opener Vusi Sibanda unbeaten o
Published 03 Nov, 2011 12:00am
Afridi meets Zaka Ashraf

Afridi meets Zaka Ashraf

Former skipper Pakistan cricket team on Wednesday called on newly appointed Pakistan Cricket Board (PCB) chairman Chaudhry Zaka Ashraf here at PCB Headquarter amid high hopes of his return in the national cricket team. After the meeting, Afridi told repor
Published 03 Nov, 2011 12:00am
18 killed in renewed Yemen violence

18 killed in renewed Yemen violence

At least 18 people have been killed and more than 40 others wounded in renewed clashes in Yemen's capital and its second city, medics and activists said on Wednesday, after a brief period of calm. Armed clashes broke out early Wednesday in the flashpoint
Published 03 Nov, 2011 12:00am
Bangladesh signs nuclear power deal with Russia

Bangladesh signs nuclear power deal with Russia

Bangladesh on Wednesday signed a deal with Russia's state atomic energy corporation Rosatom to build its first two nuclear power plants as it looks to close a yawning power deficit. "We have signed the deal today to ease the power crisis that hampers our
Published 03 Nov, 2011 12:00am
Qadhafi's fall cost Russia tens of billions in arms deals

Qadhafi's fall cost Russia tens of billions in arms deals

Russia lost tens of billions of dollars in potential revenues from arms deals with Libyan leader Muammar Qadhafi's fall, the official in charge of Russia's arms exports said on Wednesday. Russia, the world's No 2 arms exporter, has frequently cited losses
Published 03 Nov, 2011 12:00am
Khamenei accuses US of 'terror' attacks in Iran, Middle East

Khamenei accuses US of 'terror' attacks in Iran, Middle East

Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday he had 100 "undeniable documents" proving the United States has been behind "terrorist acts" in the Islamic state and elsewhere in the Middle East. His comments come after Washington accused I
Published 03 Nov, 2011 12:00am
Obama tops Forbes most powerful list, Putin No 2

Obama tops Forbes most powerful list, Putin No 2

Barack Obama topped Forbes' list of the world's most powerful people in 2011, as the US leader's clout rose after the deaths of al Qaeda leader Osama bin Laden and Libyan dictator Muammar Qadhafi. Obama bumped Chinese President Hu Jintao from the No 1 spo
Published 03 Nov, 2011 12:00am
Filipinos banned to work in 41 countries

Filipinos banned to work in 41 countries

The Philippines said Wednesday it had banned Filipinos from travelling to work in 41 countries and territories that had allegedly failed to provide enough safeguards to protect them from abuse. The Department of Labour and Employment in a board resolution
Published 03 Nov, 2011 12:00am
Israel tests rocket amid talk of possible Iran strike

Israel tests rocket amid talk of possible Iran strike

Israel on Wednesday successfully tested what local media called a "ballistic missile" as speculation in the Jewish state grew over the possibility of an attack on Iranian nuclear facilities. A defence ministry official described the launch to AFP as a "te
Published 03 Nov, 2011 12:00am
Middle East peace unlikely before 2012: Baker

Middle East peace unlikely before 2012: Baker

Former US secretary of state James Baker predicted Wednesday that there would be no breakthrough in Arab-Israeli peace talks before the US elections next year. Speaking at a gathering to mark the 20th anniversary of the Madrid peace talks, Baker also said
Published 03 Nov, 2011 12:00am
Merkel, Erdogan take stock of 50 years of 'guest workers'

Merkel, Erdogan take stock of 50 years of 'guest workers'

German Chancellor Angela Merkel and Turkish Prime Minister Recep Tayyip Erdogan Wednesday marked 50 years since their countries' "guest worker" pact, taking stock of an often fraught partnership. When Turkish migrant workers first arrived to work in Germa
Published 03 Nov, 2011 12:00am
London protesters get legal reprieve

London protesters get legal reprieve

London's St Paul's Cathedral and the city authorities suspended legal action Tuesday against anti-capitalist protesters camped outside the historic landmark. The management of St Paul's said it had unanimously agreed to suspend its current legal action ag
Published 03 Nov, 2011 12:00am
Nepal breaks deadlock with 'historic' peace deal

Nepal breaks deadlock with 'historic' peace deal

Nepal's political leaders have agreed to integrate thousands of former Maoist rebels into the army, finally concluding a peace deal five years after the end of a civil war that claimed 16,000 lives. The historic breakthrough on the status of 19,000 rebel
Published 03 Nov, 2011 12:00am
Iran sacks oil manager over dual citizenship

Iran sacks oil manager over dual citizenship

Iran has fired the head of an oil company because he was discovered to have dual nationality - a sensitive issue after a top bank manager fled to Canada during a huge fraud scandal, the Vatan-e Emrouz daily reported on Wednesday. "A managing director of a
Published 03 Nov, 2011 12:00am
Four US men arrested over terror, ricin plots

Four US men arrested over terror, ricin plots

Four US men were arrested on Tuesday for plotting to attack government workers and official buildings, and for trying to manufacture the deadly biological toxin ricin, authorities said. "These defendants, who are alleged to be part of a fringe militia gro
Published 03 Nov, 2011 12:00am
12.6 million foreigners legally reside in US

12.6 million foreigners legally reside in US

Some 12.6 million foreigners legally resided in the United States last year, a figure that has remained stable in recent years, the Department of Homeland Security said Wednesday. As of January 2010, there were 12,630,000 legal permanent residents, includ
Published 03 Nov, 2011 12:00am
Assange loses UK battle against extradition

Assange loses UK battle against extradition

WikiLeaks founder Julian Assange on Wednesday lost a bitter legal battle to block his extradition from Britain to Sweden to face questioning over allegations of rape and sexual assault. Two judges at the High Court in London rejected arguments by the 40-y
Published 03 Nov, 2011 12:00am
Business Recorder staffer grieved

Business Recorder staffer grieved

Abdul Hameed, father of Bushiness Recorder staffer Shahzad Hameed, died here on Wednesday after protracted illness. He was 55. Hameed leaves behind three sons and three daughters. His funeral prayer will be held at 10:00 am on Thursday at Godhra Camp, Nor
Published 03 Nov, 2011 12:00am
Involvement in spot-fixing: Senators flay cricketers

Involvement in spot-fixing: Senators flay cricketers

Senators while criticising the cricket players involved in the spot-fixing scandal said that they had brought bad name to the country. Colonel Thair Hussain Mashhadi (Retd) on point of order said that the nation gave respect and money to the cricketers bu
Published 03 Nov, 2011 12:00am
Cut in development funds: FATA senators boycott Senate proceedings

Cut in development funds: FATA senators boycott Senate proceedings

Senators from Federally Administrated Tribal Areas (FATA) on Wednesday boycotted the Senate proceeding in protest against cut in annual development funds and drone attacks in the tribal areas. They said that they would continue their boycott of the house
Published 03 Nov, 2011 12:00am
WorldCall Telecom Limited

WorldCall Telecom Limited

WorldCall Telecom Limited is one of the prominent telecommunication and multimedia service providers in Pakistan. Fifteen years on since its launch, the company offers an array of services in service segments like data, entertainment and voice. WorldCall
Published 03 Nov, 2011 12:00am
WorldCall Telecom Limited

WorldCall Telecom Limited

WorldCall Telecom Limited is one of the prominent telecommunication and multimedia service providers in Pakistan. Fifteen years on since its launch, the company offers an array of services in service segments like data, entertainment and voice. WorldCall
Published 03 Nov, 2011 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures ended lower Wednesday on speculative sales as worries over the protracted eurozone debt crisis kept investors on the defensive, dealers said. The key December cotton contract on ICE Futures US dropped 1.20 cents or 1.2 percent to conclude a
Published 03 Nov, 2011 12:00am
US copper slides

US copper slides

Copper fell for a second day on Tuesday as a deal to rescue Greece and prevent a wider sovereign debt crisis hit a new roadblock and as softer Chinese data clouded prospects for demand from the top metal consumer. In New York, the key December COMEX contr
Published 03 Nov, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

The most-active January copper contract on the Shanghai Futures Exchange fell 1.7 percent to 58,670 yuan ($9,060) per tonne on Wednesday, catching up with previous losses in London. "The Shanghai base metals complex has been tracking Chinese equities, whi
Published 03 Nov, 2011 12:00am
Copper rallies

Copper rallies

Copper rallied on Wednesday, helped by a weaker dollar and supply constraints while better-than-expected US jobs data boosted risk appetite, offsetting worries about the risk of a disorderly Greek default. Benchmark copper on the London Metal Exchange clo
Published 03 Nov, 2011 12:00am
Tokyo rubber falls; Shanghai up

Tokyo rubber falls; Shanghai up

Tokyo rubber futures dropped more than 3 percent to their lowest level in a week on Wednesday, tracking oil and share prices which were weighed by renewed concerns about Europe's debt crisis and fears about falling global demand, dealers said.
Published 03 Nov, 2011 12:00am
Soya remains down

Soya remains down

US soyabean prices fell for the third day in a row on Tuesday, hitting a three-week low after Greece's call for a referendum on its debt bailout package and MF Global's bankruptcy rattled traders. Corn and wheat traded lower most of the day but found fres
Published 03 Nov, 2011 12:00am
Palm oil gains

Palm oil gains

Malaysian palm oil futures climbed 1.2 percent on Wednesday as traders looked to a developing La Nina weather pattern that could curb production of the tropical oil. La Nina-driven heavy rains at the end of the year could coincide with the monsoon season,
Published 03 Nov, 2011 12:00am
Soft commodities mostly higher

Soft commodities mostly higher

Soft commodity futures finished mostly higher Wednesday in jittery short covering as a looming Group of 20 meeting and Greece's decision to hold a referendum on its bailout package reduced risk appetite. Greece's prime minister faces a grilling from the l
Published 03 Nov, 2011 12:00am
Brent falls, US crude up

Brent falls, US crude up

Brent crude fell and US crude edged up in volatile trading on Wednesday, as investors weighed concerns about the eurozone debt crisis against the potential for further monetary easing in the United States. In late choppy trading, US crude regained its com
Published 03 Nov, 2011 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices firmed on Wednesday, riding on renewed safe-haven demand as fears about Greece's debt crisis returned after its government shocked the markets with a call for a referendum on a European Union aid deal. US gold rose as much as 1 percent to $1,7
Published 03 Nov, 2011 12:00am
US gold slips

US gold slips

Gold traded lower on Tuesday, under pressure from a stronger dollar, but weak US manufacturing data enabled the euro to claw back some lost ground, pulling bullion up from earlier losses as well. Spot gold was quoted at $1,719.39 an ounce by 3:33 pm EDT (
Published 03 Nov, 2011 12:00am
Gold rises in London

Gold rises in London

Gold rose on Wednesday on demand for the metal as a safe haven investment away from market turmoil as the eurozone troubles deepened and business surveys showed the severe impact the crisis has had on manufacturing in the region. The dollar is also under
Published 03 Nov, 2011 12:00am
US MIDDAY: corn eases, soya up

US MIDDAY: corn eases, soya up

US corn eased nearly 1 percent on Wednesday following a forecast for a larger-than-expected US corn crop while soyabeans held firm, reversing three days of declines as the dollar weakened. Wheat also turned weak in choppy dealings amid global economic unc
Published 03 Nov, 2011 12:00am
US MIDDAY: copper stays up

US MIDDAY: copper stays up

Copper maintained its upward momentum in after-hours business on Wednesday, after the Federal Reserve said US growth strengthened in the third quarter and left the door open for further accommodative policy. In New York, the key December COMEX contract se
Published 03 Nov, 2011 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose nearly 1 percent on Wednesday, tracking riskier assets, after the US Federal Reserve said the US economy strengthened in the third quarter despite its lowered its growth forecast for the year. Even as many investors returned to riskier assets, g
Published 03 Nov, 2011 12:00am
CCP hosts meeting of Competition Consultative Group

CCP hosts meeting of Competition Consultative Group

Competition Commission of Pakistan (CCP) hosted the 12th quarterly meeting of Competition Consultative Group (CCG). The CCG is a forum provided by CCP to solicit feedback and suggestions on competition related issues and policies from public and private s
Published 03 Nov, 2011 12:00am
Baqai University celebrates its Silver Jubilee

Baqai University celebrates its Silver Jubilee

Baqai Medical University celebrating 2011 as the year of Silver Jubilee has chalked out an elaborate programme to commemorate the occasion in a befitting manner, said Professor Jamil Ahmed, Secretary, BMU Silver Jubilee Celebrations Committee.
Published 03 Nov, 2011 12:00am
Two dacoits nabbed

Two dacoits nabbed

Rural Circle Police on Wednesday nabbed two dacoits from the jurisdiction of Sihala police station. The dacoits were fleeing after looting gold ornaments, cash and mobile phones from a house in Sihala. A police spokesman said that gun-totting robbers stor
Published 03 Nov, 2011 12:00am
Eight ventilator-equipped ambulances provided to hospitals in Sindh

Eight ventilator-equipped ambulances provided to hospitals in Sindh

Sindh government on Wednesday provided eight ambulances equipped with ventilators to major public sector hospitals of the province. These ambulances have been provided to Civil Hospital Karachi (CHK), Sindh Government Qatar Hospital, Orangi Town, Lyari Ge
Published 03 Nov, 2011 12:00am
Three killed in accident

Three killed in accident

Three persons have been killed and 6 others women among them suffered injuries in a road mishap in Othal area of Balochistan, Levis force said on Wednesday. Levis officials said that passenger coach was way to Karachi from Gwadar when, presumably due to t
Published 03 Nov, 2011 12:00am
KSE holidays

KSE holidays

The Karachi Stock Exchange (KSE) will remain closed on 7th, 8th and 9th November 2011 on account of Eid ul Azha and Allama Iqbal Day, respectively, as per the approved holiday calendar of the Exchange. This was announced by the KSE in its notice sent to a
Published 03 Nov, 2011 12:00am
Excise Department officials withdrawn from Engro plant

Excise Department officials withdrawn from Engro plant

The government has withdrawn the officials of the Excise Department from Engro Fertilisers, and shipments of urea are now proceeding normally from the plant. Engro Corporation in an information sent to Karachi Stock Exchange here on Wednesday said that th
Published 03 Nov, 2011 12:00am
LEAs arrest 12 suspects during raids

LEAs arrest 12 suspects during raids

Law Enforcement Agencies (LEAs) on Wednesday claimed to have detained 14 suspects in separate raids in different areas of the metropolis. According to police sources, the LEAs conducted raids in Qasba Colony, sector 2 1/2 and arrested four suspects, who w
Published 03 Nov, 2011 12:00am
Two gunned down in separate incidents

Two gunned down in separate incidents

Two persons were gunned down in separate incidents in different areas of the metropolis here on Wednesday. According to police and rescue sources, a man, Jumma. 35, son of Rasool Bux, was targeted by unidentified armed men when he was standing near Lyari
Published 03 Nov, 2011 12:00am
Farmers advised to complete wheat sowing before November 15

Farmers advised to complete wheat sowing before November 15

The Met Office on Wednesday advised farmers of rain-dependent and irrigated areas of Punjab and Khyber Pakhtunkhwa to complete wheat sowing before November 15 to get maximum yield. In the fresh advisory, the office said wheat cultivation was under way in
Published 03 Nov, 2011 12:00am
Seven killed in different incidents in Karachi

Seven killed in different incidents in Karachi

At least seven persons including four women were killed in separate incidents in different areas of the metropolis here on Wednesday. According to police and rescue sources, two persons lost their lives when a speedy dumper (TKY-549) rammed into Hilace va
Published 03 Nov, 2011 12:00am
'Debates foster thinking, analytical skills'

'Debates foster thinking, analytical skills'

"Debate competitions foster the thinking and analytical skills among students and constructive arguments and counter arguments help understanding each others' views thus creating a vibrant and progressive society." These views were expressed by panel of j
Published 03 Nov, 2011 12:00am
PTCL wins SAMENA Award 2011

PTCL wins SAMENA Award 2011

Pakistan Telecommunications Company Limited (PTCL) has won the prestigious international SAMENA Award 2011 for being the "Best Telecom Operator in South Asia". The Chief Executive Officer (CEO) and President PTCL, Walid Irshaid accepted the acclaimed hono
Published 03 Nov, 2011 12:00am
Takeover Regulations: SECP holds roundtable meeting

Takeover Regulations: SECP holds roundtable meeting

Securities and Exchange Commission of Pakistan (SECP) organised a roundtable meeting in Lahore with representatives of the corporate sector on proposed amendments to the 2008 Takeover Regulations. The roundtable discussed subjects like introduction of cha
Published 03 Nov, 2011 12:00am
'Fisheries department should abolish contract system'

'Fisheries department should abolish contract system'

Participants of a consultative meeting 'fishing contract system on River Indus in Punjab' here on Wednesday urged the Chief Justice of Pakistan to take suo motu notice of the system and pass an appropriate order to abolish the contractual system of public
Published 03 Nov, 2011 12:00am
Government support needed to upgrade industrial units

Government support needed to upgrade industrial units

Sialkot as export-oriented city of Pakistan and possesses century old industrial heritage. It has developed a unique export culture over the period and contributing more than 1.30 billion dollars to the national exchequer annually. This export oriented ci
Published 03 Nov, 2011 12:00am
Two security men killed in Turbat blast

Two security men killed in Turbat blast

At least two personnel of security forces were killed and three others sustained critical injuries in a remote control bomb planted in the Naseerabad area of Turbat on Wednesday, official sources said. "Unidentified armed men had placed explosives along t
Published 03 Nov, 2011 12:00am
UEPL donates Rs 23 million for flood relief

UEPL donates Rs 23 million for flood relief

United Energy Pakistan Limited (UEPL), which recently acquired BP Pakistan's upstream business, has made available about Rs 23 million for flood relief in lower Sindh. According to a press release issued here on Wednesday, this contribution is part of UEP
Published 03 Nov, 2011 12:00am
Dengue claims three more lives

Dengue claims three more lives

Another three people including a woman lost their lives due to dengue in Punjab during the last 24 hours out of whom, two deaths reported in Lahore. This raised the total number of deaths in Punjab to 304 including 266 in Lahore. According to the report r
Published 03 Nov, 2011 12:00am
RCPE organising a Symposium on Haematology tomorrow

RCPE organising a Symposium on Haematology tomorrow

The Royal College of Physicians of Edinburgh (RCPE) is organising a Symposium (teleconference) on Haematology on Friday November 4th, 2011 and the Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) is making arrangements to have this t
Published 03 Nov, 2011 12:00am
Transparency hallmark of Punjab government: chief minister

Transparency hallmark of Punjab government: chief minister

Punjab Chief Minister Muhammad Shahbaz Sharif has said that corruption, nepotism and plundering of national resources have shaken the foundations of the country. The stigma of corruption will have to be removed for the prosperity of the masses and develop
Published 03 Nov, 2011 12:00am
SZABIST inspires social responsibility with creativity

SZABIST inspires social responsibility with creativity

The students of Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST) shone when a competition based on a new concept was organised by them with the name of USR-University Social Responsibility. A statement here on Wednesday said that
Published 03 Nov, 2011 12:00am
Urdu service

Urdu service

Agence France Presse (AFP) and Online News Network signed a memorandum of understanding to launch a joint Urdu service here on Wednesday.
Published 03 Nov, 2011 12:00am
ICSP's National Council election result

ICSP's National Council election result

The Institute of Corporate Secretaries of Pakistan (ICSP) election for National Council for 3 years 2012 - 2014 was held on 31st October 2011 under Chairmanship of Noor Muhammad, former Executive Director, Institute of Cost and Management Accountants of P
Published 03 Nov, 2011 12:00am
Abbottabad Commission meets

Abbottabad Commission meets

Inquiry Commission on Abbottabad Operation on Wednesday conducted detailed interviews of sitting and former secretaries of Ministry of Interior, who presented their perception about the incident. Former Senior Judge of Supreme Court and President of the C
Published 03 Nov, 2011 12:00am
Moot on agriculture, dairy, livestock in December

Moot on agriculture, dairy, livestock in December

An advisory and consultation meeting was recently organised by Investment and Marketing (I&M Conferences) in Karachi. The meeting was attended by leading corporate executives, agri-businessmen, and government officials. The meeting discussed the issues an
Published 03 Nov, 2011 12:00am
BQATI concerned over persistent low gas pressure

BQATI concerned over persistent low gas pressure

Mian Muhammed Ahmed, Patron in-chief, Usman Ahmed, President and Abdul Rasheed Jan Mohammed, Vice-President, Shakil Ashfaq, Chairman Law Committee along with Managing Committee of Bin Qasim Association of Trade and Industry (BQATI) expressed their concern
Published 03 Nov, 2011 12:00am
BoK opens branch in Sarai Naurang

BoK opens branch in Sarai Naurang

The Bank of Khyber (BoK) has launched 'Raast Islamic Banking' in Sarai Naurang, district Lakki Marwat. The Managing Director of BoK, Bilal Mustafa, formally inaugurated the new branch in Lakki Marwat on Wednesday. BoK Executive Director Javed Hashmat, BoK
Published 03 Nov, 2011 12:00am
UAE Expo begins from November 30

UAE Expo begins from November 30

The preparations are in full swing to organise the first ever UAE Expo 2011 - Magnificent 7, from November 30 to December 2 at Karachi Expo Centre, as plans have been finalised to give the metropolis a festive look to welcome delegates from seven Emirates
Published 03 Nov, 2011 12:00am
Pakistan, Turkey and Afghanistan agree to continue dialogue process

Pakistan, Turkey and Afghanistan agree to continue dialogue process

Pakistan, Turkey and Afghanistan have expressed their determination to continue the dialogue process and consultations, particularly with regard to urgent issues of common concern. According to a joint statement issued at the conclusion of the trilateral
Published 03 Nov, 2011 12:00am
Al Baraka Bank declares pre-tax profit of Rs 505 million

Al Baraka Bank declares pre-tax profit of Rs 505 million

Steady growth trajectories, comprehensive product portfolios, increasing network points all this has aided this niche market to gain popularity. Al Baraka Bank (Pakistan) Limited (ABPL) has not only pioneered in Islamic banking in Pakistan dating back two
Published 03 Nov, 2011 12:00am
Al Baraka Bank declares pre-tax profit of Rs 505 million

Al Baraka Bank declares pre-tax profit of Rs 505 million

Steady growth trajectories, comprehensive product portfolios, increasing network points all this has aided this niche market to gain popularity. Al Baraka Bank (Pakistan) Limited (ABPL) has not only pioneered in Islamic banking in Pakistan dating back two
Published 03 Nov, 2011 12:00am
Adamjee, MCB jointly launch 'Invest for Life'

Adamjee, MCB jointly launch 'Invest for Life'

Small and medium sized investors will greatly benefit from synergy of the biggest financial group's companies as they will have a range of products offering good return on their investments, this was stated by Mohsin Ali Shah, Head of Investment Services
Published 03 Nov, 2011 12:00am
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