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Print - 2011-11-24
Bangladesh unveils steps to help stock market

Bangladesh unveils steps to help stock market

Bangladesh on Wednesday unveiled moves to shore up the plunging stock market, including allowing banks to invest unlimited funds and waiving tax on gains from share trading, after a series of price crashes pushed thousands of small investors to the verge
Published 24 Nov, 2011 12:00am
Hong Kong, China stocks fall

Hong Kong, China stocks fall

Hong Kong shares slid 2.1 percent and China's main index fell 0.7 percent on Wednesday, dragged down by a worrying indication of weakening industrial activity in China at a time risk aversion remains high in markets. The Hang Seng Index slid below a psych
Published 24 Nov, 2011 12:00am
Wednesday's midday trade: Wall Street continues slide

Wednesday's midday trade: Wall Street continues slide

US stocks tumbled again on Wednesday, leaving the benchmark S&P 500 on pace for a sixth straight decline as frustration with the euro zone's debt crisis coupled with weak Chinese factory data sank investor sentiment. Debt problems that have plagued Europe
Published 24 Nov, 2011 12:00am
US stocks down for fifth day in a row

US stocks down for fifth day in a row

US stocks fell for a fifth day in a row on Tuesday, having lost more than 5 percent over that period as borrowing costs in Spain hit another record high. The market remains anchored by concerns about the worsening debt crisis in Europe where rising yields
Published 24 Nov, 2011 12:00am
Japanese markets closed

Japanese markets closed

Japanese financial, stock and commodity markets were closed on Wednesday for a public holiday. Trading resumes on Thursday.
Published 24 Nov, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasuries prices rose on Tuesday as weaker stocks and indications the Federal Reserve is mulling further economic stimulus underpinned a bid for government debt. But overall, the price action remained relatively neutral, with data hinting at a pickup
Published 24 Nov, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasuries prices rose on Tuesday as weaker stocks and indications the Federal Reserve is mulling further economic stimulus underpinned a bid for government debt. But overall, the price action remained relatively neutral, with data hinting at a pickup
Published 24 Nov, 2011 12:00am
Australian shares slide

Australian shares slide

Australian shares fell 2 percent to close at a seven-week low on Wednesday on the debt mess in Europe and fears of weaker growth in China after a survey showed Chinese factory activity was the weakest in 32 months in November. The top miners fell the hard
Published 24 Nov, 2011 12:00am
Seoul shares down

Seoul shares down

Seoul shares slumped on Wednesday, dragged down by large-cap technology issues as Wall Street fell overnight on eurozone debt jitters and lackluster US growth data. "Because of the general lull in market activity, even a small volume of sell-offs are caus
Published 24 Nov, 2011 12:00am
European shares tumble

European shares tumble

European shares fell on Wednesday to their lowest close in seven weeks after low demand at a German bond auction, while weak Chinese factory data added to concerns about slowing global growth. The Bund auction, which saw a low bid-cover ratio, raised fres
Published 24 Nov, 2011 12:00am
Indian shares plunge to two-year low

Indian shares plunge to two-year low

India's leading share index of blue chip companies tumbled to a two-year low on Wednesday on growing investor concerns about high inflation, slowing growth and signs of political deadlock. India's Finance Minister Pranab Mukherjee blamed the slide on sell
Published 24 Nov, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks tumbled 2.77 percent on Wednesday on increasing margin calls as investors grew weary of the continued downtrend, joining the slide in other Asian stock markets after disappointing China flash PMI figures. The sub-index of LCD panel makers sh
Published 24 Nov, 2011 12:00am
Most Southeast Asian stocks retreat

Most Southeast Asian stocks retreat

Most Southeast Asian stock markets fell on Wednesday, weighed down by losses in banks and commodities-related stocks as weak manufacturing data from China added to worries about the global economy caused by European and US budget problems. Short-term trad
Published 24 Nov, 2011 12:00am
FTSE falls to seven-week low

FTSE falls to seven-week low

Britain's top share index fell on Wednesday, after downbeat data from China, Europe and the United States darkened the outlook for global growth and corporate earnings. London's blue chip index closed at its lowest level since October 6, falling 67.04 poi
Published 24 Nov, 2011 12:00am
Money markets: demand for ECB dollars still low

Money markets: demand for ECB dollars still low

Eurozone banks borrowed only a modest amount of dollars from the European Central Bank on Wednesday but mounting funding stresses may see that change at a three-month tender in early December. Demand for dollar funding held steady with just two banks taki
Published 24 Nov, 2011 12:00am
Sterling slumps

Sterling slumps

Sterling hit a six-week low against the dollar on Wednesday, tracking steep falls in riskier currencies and assets, but rose versus the euro as poor demand at a German debt sale and weak eurozone data fed fears about the currency bloc. German Bund futures
Published 24 Nov, 2011 12:00am
Euro slips in Asia

Euro slips in Asia

The euro slipped on Wednesday after a newspaper reported Belgium and France were in fresh talks over an existing rescue deal for Dexia, stirring worries about the potential for an increased fiscal burden on France. Belgian newspaper De Standaard said that
Published 24 Nov, 2011 12:00am
Euro falls to six-week low

Euro falls to six-week low

The euro fell to a six-week low against the dollar on Wednesday, as investors shunned eurozone assets on concerns over the stability of the region's banks and signs that its debt crisis is starting to threaten even Germany. The common currency came under
Published 24 Nov, 2011 12:00am
Early trade in New York: euro falls to lowest

Early trade in New York: euro falls to lowest

The euro fell to its lowest since October 6 against the dollar on Wednesday after a previously defended options barrier at $1.3350 fell to sellers. The dollar also climbed to a fresh session high against the yen. The euro was last down 1.3 percent against
Published 24 Nov, 2011 12:00am
Euro holds gains

Euro holds gains

The euro held modest gains against the US dollar on Tuesday, bolstered by the International Monetary Fund's decision to offer new lending tools for nations at risk from the eurozone debt crisis. The boost, however, was undercut by the release of minutes o
Published 24 Nov, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 76.66-76.70 (previous 76.62-76.65). Call Money Rates: 07.00/08.00 percent (previous 06.50-08.00 percent).
Published 24 Nov, 2011 12:00am
Australian and New Zealand dollars fall

Australian and New Zealand dollars fall

The Australian and New Zealand dollars fell on Wednesday as a shockingly weak reading on China's manufacturing activity dealt a further blow to risk sentiment, sending stocks and commodities reeling. The Aussie dollar dropped to a fresh six-week trough at
Published 24 Nov, 2011 12:00am
Indian rupee drops

Indian rupee drops

The Indian rupee dropped for the eighth straight session on Wednesday as suspected central bank intervention and corporate dollar sales did little to prevent the downward pressure on the unit amid a global sell-off of riskier assets. The rupee rebounded a
Published 24 Nov, 2011 12:00am
Singapore dollar at seven-week low

Singapore dollar at seven-week low

Emerging Asian currencies fell on Wednesday with the Singapore dollar hitting a seven-week low on increasing worries about the eurozone and the global economy, though some regional units were pulled higher by intervention. The central banks of India, Indo
Published 24 Nov, 2011 12:00am
Swiss franc up versus euro

Swiss franc up versus euro

The Swiss franc ground higher against the euro on Wednesday, breaking the 1.23 mark for the first time in ten sessions after Tuesday's fairly resilient Swiss export numbers muted voices calling for a swift lifting of the franc-euro cap. The franc has trad
Published 24 Nov, 2011 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up slightly against the dollar on Wednesday after the People's Bank of China set the mid-point moderately higher, possibly signalling that it wants to set a near-term floor for the yuan as it nears 6.36 per dollar, traders said. Spot yuan
Published 24 Nov, 2011 12:00am
Inter, Bayern and Benfica reach last 16

Inter, Bayern and Benfica reach last 16

Benfica snatched a 2-2 draw at sloppy Manchester United to reach the Champions League last 16 and leave the three-times winners with work to do, while Inter Milan ambled through before even playing and Bayern Munich also progressed with ease on Tuesday.
Published 24 Nov, 2011 12:00am
West Indies make merry with Bravo dream run

West Indies make merry with Bravo dream run

Darren Bravo continued his dream run with a third century in four Tests to help the West Indies post a mammoth 575-9 on the second day of the third and final Test against India on Wednesday. Bravo, cousin of former West Indies batting great Brian Lara, do
Published 24 Nov, 2011 12:00am
Federer ranks Nadal rout as one of his best ever

Federer ranks Nadal rout as one of his best ever

Roger Federer rated his masterful 6-3, 6-0 demolition of Rafael Nadal at the ATP World Tour Finals as one of the best performances of his life. Federer has enjoyed many remarkable days during his illustrious career, but even the 16-time Grand Slam champio
Published 24 Nov, 2011 12:00am
Junaid Khan out of Bangladesh tour

Junaid Khan out of Bangladesh tour

Pakistan paceman Junaid Khan was ruled out of the team's tour of Bangladesh after injuring his abdominal muscle during the fifth and final one-day against Sri Lanka here on Wednesday. The 21-year-old left-arm paceman had a MRI scan after he felt pain duri
Published 24 Nov, 2011 12:00am
Pakistan beat India to win South Asian Karate final

Pakistan beat India to win South Asian Karate final

Pakistan Karate squad grabbed first position by defeating strong India in the team Championship final besides winning seven gold medals, four silver and four bronze medals in the South Asian Karate Championship to stand first overall at the points table o
Published 24 Nov, 2011 12:00am
China announces naval drills amid regional fears

China announces naval drills amid regional fears

China said on Wednesday it will conduct naval exercises in the western Pacific this month, an announcement that came a week after Washington reinforced its Asia-Pacific footprint with plans to operate 2,500 US Marines out of northern Australia. Beijing em
Published 24 Nov, 2011 12:00am
Landmine use at seven-year high in 2011

Landmine use at seven-year high in 2011

Global use of landmines in 2011 has been the highest for seven years, campaigners said Wednesday, with Israel, Libya, Syria and longstanding offender Myanmar all recently laying the deadly explosives. Launching a new report from the International Campaign
Published 24 Nov, 2011 12:00am
China opposes expanded sanctions against Iran

China opposes expanded sanctions against Iran

China said Wednesday it opposed unilateral and expanded sanctions against Iran, such as those announced by several Western countries aimed at pressuring Tehran to halt its suspected nuclear weapons programme. "China is always against unilateral sanctions
Published 24 Nov, 2011 12:00am
Kuwait police disperse rally

Kuwait police disperse rally

Kuwait police used batons to disperse protesters chanting slogans against the prime minister on Wednesday, injuring an opposition MP, as a group of Kuwaitis wanted for storming the parliament last week turned themselves in, witnesses said.
Published 24 Nov, 2011 12:00am
Australia's mining tax passes lower house

Australia's mining tax passes lower house

Australia's controversial tax on the country's mining boom, seen by Canberra as a critical economic reform, cleared a key hurdle Wednesday when it passed through the lower house of parliament. Julia Gillard's fragile minority government gained support fro
Published 24 Nov, 2011 12:00am
Nato members, US suspend European arms control pact

Nato members, US suspend European arms control pact

Fourteen Nato countries have followed the United States in stopping implementation of the Treaty on Conventional Armed Forces in Europe (CFE), by halting the flow of armament information to Russia, Nato diplomats said Wednesday. The step was aimed at focu
Published 24 Nov, 2011 12:00am
Clashes flare again around Interior Ministry

Clashes flare again around Interior Ministry

Running battles flared in central Cairo on Wednesday even after Egyptian military police reinforced riot police guarding the Interior Ministry, a flashpoint for violence. Riot police had earlier pulled back in what seemed to be an effort to calm tension a
Published 24 Nov, 2011 12:00am
Al-Azhar urges Egypt police not to shoot protesters

Al-Azhar urges Egypt police not to shoot protesters

The grand imam of Al-Azhar, Sunni Islam's highest seat of learning, on Wednesday urged Egyptian police not to shoot protesters demanding democratic change, in a recorded address on state television. Sheikh Ahmed al-Tayyeb also urged the armed forces to pr
Published 24 Nov, 2011 12:00am
Nuclear waste convoy spurs protests in France

Nuclear waste convoy spurs protests in France

French anti-nuclear activists and police scuffled on Wednesday in Normandy as a train convoy transporting radioactive waste processed by nuclear producer Areva prepared to head to its storage site in Germany. Several hundred protesters tried to occupy the
Published 24 Nov, 2011 12:00am
1000s of Indian custody deaths from 'torture'

1000s of Indian custody deaths from 'torture'

More than 14,000 people died in custody in India between 2001 and 2010, most of them from being tortured, a human rights body has said, heightening concern over police abuse. The New Delhi-based Asian Centre for Human Rights (ACHR) said in a report releas
Published 24 Nov, 2011 12:00am
Guardian sorry for Sun hacking probe claim

Guardian sorry for Sun hacking probe claim

Britain's Guardian newspaper was forced to apologise to Rupert Murdoch's The Sun on Wednesday for falsely alleging that the tabloid's reporters doorstepped a lawyer at the phone-hacking inquiry. In an unwelcome twist for the left-leaning paper which has l
Published 24 Nov, 2011 12:00am
AIDS, tuberculosis and Malaria fund forced to cut new grants

AIDS, tuberculosis and Malaria fund forced to cut new grants

The world's largest backer of the fight against AIDS, tuberculosis and malaria said on Wednesday it was cutting new grants for countries battling the diseases and bringing in a new manager to ensure better administration. The move by the Global Fund to Fi
Published 24 Nov, 2011 12:00am
Murdoch quits UK publisher boards

Murdoch quits UK publisher boards

James Murdoch has resigned from the boards of the publishing units within News Corp's British newspaper arm, which used to include the now-defunct News of the World tabloid at the centre of the phone hacking scandal, regulatory filings show. Murdoch, son
Published 24 Nov, 2011 12:00am
Turkish Prime Minister sorry for 1930s killing of thousands of Kurds

Turkish Prime Minister sorry for 1930s killing of thousands of Kurds

Turkish Prime Minister Recep Tayyip Erdogan issued the first official apology on Wednesday for a bloody military campaign that killed thousands of Kurds in south-east Turkey at the end of the 1930s. "If it is necessary to apologise on behalf of the state.
Published 24 Nov, 2011 12:00am
France calls for humanitarian zone in Syria

France calls for humanitarian zone in Syria

France called on Wednesday for a "securitised zone to protect civilians" in Syria, the first time a major Western power has suggested international intervention on the ground in the eight-month uprising against President Bashar al-Assad. Foreign Minister
Published 24 Nov, 2011 12:00am
Arrangements for Punjab University's 120th convocation reviewed

Arrangements for Punjab University's 120th convocation reviewed

A meeting of Punjab University Convocation Co-ordination Committee held under the chairmanship of Dean Faculty of Science Professor Dr Kh Haris Rashid here in the Committee Room of Centre for Undergraduate Studies. The meeting reviewed arrangements for th
Published 24 Nov, 2011 12:00am
State-of-the-art slaughterhouse being built at Shahpur Kanjran

State-of-the-art slaughterhouse being built at Shahpur Kanjran

State-of-the-art slaughterhouse being built at Shahpur Kanjran near the provincial metropolis has entered in its completion stage and may start providing fresh and hygienically slaughtered meat to people of Lahore from December besides improving the chanc
Published 24 Nov, 2011 12:00am
Khwaja Iqbal resigns from NIB Bank as chief, CEO

Khwaja Iqbal resigns from NIB Bank as chief, CEO

Khwaja Iqbal Hassan has submitted his resignation as the President and Chief Executive Officer (CEO) of NIB Bank Limited. According to an information sent to Karachi Stock Exchange (KSE) on Wednesday, the Board of Directors of NIB Bank has accepted his re
Published 24 Nov, 2011 12:00am
PML-N puts off public meeting at Gujranwala

PML-N puts off public meeting at Gujranwala

In the wake political developments taking place in the country, Pakistan Muslim League-Nawaz (PML-N) has postponed the party's public meeting, which was to be held at Gujranwala on November 25. The PML-N President Nawaz Sharif has expressed gratitude to p
Published 24 Nov, 2011 12:00am
First Children's Festival

First Children's Festival

Two Day First Children's Festival (CLF) is all set to be kicked off on November 25 (tomorrow) at Children's Library Complex. Chief Minister Punjab Mian Muhammad Shahbaz Sharif will be the chief guest on Friday at the opening ceremony of the festival.
Published 24 Nov, 2011 12:00am
PSDF to organise contract signing ceremony today

PSDF to organise contract signing ceremony today

Punjab Skills Development Fund (PSDF) will organise a contract signing ceremony at Punjab Institute of Langue, Art & Culture (PILAC) on Thursday (today). The event will be organised to award contracts worth up to Rs 400 million to 31 training institutions
Published 24 Nov, 2011 12:00am
Seminar on 'Iqbal's Philosophy and Contemporary Pakistan' held

Seminar on 'Iqbal's Philosophy and Contemporary Pakistan' held

Government College University (GCU) Lahore on Wednesday organised a one-day seminar on "Iqbal's Philosophy and Contemporary Pakistan," (Faqr-e-Iqbal and Aaj Ka Pakistan) to enlighten the youth about the visionary thoughts of the great national poet
Published 24 Nov, 2011 12:00am
Tablighi Congregation: comprehensive security, traffic plan chalked out

Tablighi Congregation: comprehensive security, traffic plan chalked out

A comprehensive security and traffic plan has been chalked out for the second phase of Raiwind Tablighi Congregation, which is to begin on Thursday (today). Two exit routes have been put in place in case of any emergency, whereas a Traffic Police Camp and
Published 24 Nov, 2011 12:00am
National Refinery Limited

National Refinery Limited

Company Introduction: National Refinery Limited is involved in the business of refining crude oil since 1966. It is a petroleum refining and petrochemical company engaged in manufacturing and supplying a wide range of fuel products, lubes, BTX, asp
Published 24 Nov, 2011 12:00am
National Refinery Limited

National Refinery Limited

Company Introduction: National Refinery Limited is involved in the business of refining crude oil since 1966. It is a petroleum refining and petrochemical company engaged in manufacturing and supplying a wide range of fuel products, lubes, BTX, asp
Published 24 Nov, 2011 12:00am
New York cotton mixed; Chinese buying trims losses

New York cotton mixed; Chinese buying trims losses

Cotton futures finished mixed on Wednesday as the market pruned early losses on commercial buying ahead of the holiday, analysts said. The cotton market will be closed Thursday for Thanksgiving. Trading resumes in a shortened session on Friday.
Published 24 Nov, 2011 12:00am
US copper rises

US copper rises

Copper rose for the first time in four days on Tuesday, buoyed by signs of stronger buying interest, particularly from Asia, following the metal's steady unwind from its late October rally. In New York, the key December COMEX copper contract rose 3.00 cen
Published 24 Nov, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

Copper edged lower on Wednesday, giving up early gains, after data showing factory activity in China falling to its lowest in 32 months renewed worries about demand in the world's biggest copper user at a time when developed economies are struggling. In S
Published 24 Nov, 2011 12:00am
Copper hits one-month low

Copper hits one-month low

Copper hit a one-month low on Wednesday, pressured by worries about the outlook for demand after factory growth in top consumer China slowed in November, while a poor bond sale in Germany intensified concerns about the eurozone debt crisis. Three-month co
Published 24 Nov, 2011 12:00am
Oil slips nearly two percent

Oil slips nearly two percent

Crude oil futures slumped nearly 2 percent on Wednesday as weak economic data from Europe, China and the United States painted a sombre outlook for global oil demand. An unexpected heavy drawdown in US crude stockpiles failed to staunch the day's decline
Published 24 Nov, 2011 12:00am
Extra sugar exports, imports proposed

Extra sugar exports, imports proposed

The European Union's executive has proposed allowing exports of 700,000 tonnes of "out-of-quota" sugar from December 1, and the sale of 400,000 tonnes of out-of-quota sugar for food use within the EU at a reduced levy, documents seen by Reuters showed. Th
Published 24 Nov, 2011 12:00am
US grains rise

US grains rise

US grain futures edged higher on Tuesday in a rebound from multi-month lows, while Minneapolis wheat prices tumbled 4 percent on profit-taking. Prices rose in late trading as market participants bought back previously sold positions ahead of the Thanksgiv
Published 24 Nov, 2011 12:00am
Palm oil slumps

Palm oil slumps

Malaysian palm oil futures dropped to their lowest in almost two weeks on Wednesday as weak manufacturing survey data from China and a downward revision of US GDP figure stoked worries about a slowing global growth. News that China has scrapped orders for
Published 24 Nov, 2011 12:00am
Sugar sinks to 5-1/2 month low

Sugar sinks to 5-1/2 month low

Raw sugar futures slid to a fresh 5-1/2-month low on Wednesday as bumper Indian supplies, surplus stocks and an increasingly sour economic outlook deflated the sweetener. Coffee and cocoa were mixed as most players remained glum on the poor macro picture.
Published 24 Nov, 2011 12:00am
US gold moves up

US gold moves up

Gold rose more than 1 percent on Tuesday, partially recouping the previous session's tumble, as buying related to options' expiration lifted bullion prices toward the key $1,700-an-ounce option strike price. Spot gold gained 1.2 percent to $1,697.99 an ou
Published 24 Nov, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices traded steady around $1,700 on Wednesday, after buying related to options' expiration lifted prices by more than 1 percent in the previous session, as investors continue to watch the unfolding eurozone debt crisis. Spot gold gained nearly half
Published 24 Nov, 2011 12:00am
Gold falls in London

Gold falls in London

Gold fell on Wednesday driven by worries about the eurozone debt crisis, which weakened the single European currency against the dollar, mitigating the impact of safe-haven bullion buying. Italian and Spanish bond yields remained near euro-lifetime highs
Published 24 Nov, 2011 12:00am
US MIDDAY: grains tumble

US MIDDAY: grains tumble

US grains tumbled to fresh multi-month lows early on Wednesday as a downturn in China's manufacturing sector and the eurozone debt crisis possibly threatening Germany renewed fears over global growth. Corn futures at the Chicago Board of Trade fell to a s
Published 24 Nov, 2011 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold fell on Wednesday, tracking equity markets' declines and euro's drop against the dollar as weak Chinese factory data and slowing US consumer spending growth prompted investors to sell the metal. Gold, which has recently followed riskier assets, came
Published 24 Nov, 2011 12:00am
Aliens registered by Nara not by Nadra

Aliens registered by Nara not by Nadra

National Database and Registration Authority (Nadra) has clarified that aliens are registered by the National Alien Registration Authority (Nara) across the country, not by Nadra. The matter relates to ambit of Nara as it was briefed by the Minister of In
Published 24 Nov, 2011 12:00am
Zardari confers Nishan-i-Imtiaz on General Hou Shusen

Zardari confers Nishan-i-Imtiaz on General Hou Shusen

President Asif Ali Zardari on Wednesday conferred the award of Nishan-i-Imtiaz (Military) upon General Hou Shusen, Deputy Chief of General staff, Peoples Liberation Army China, during a special investiture ceremony held at Aiwan-e-Sadr. The President conf
Published 24 Nov, 2011 12:00am
Gas supply to KESC falls to 115mmcfd level

Gas supply to KESC falls to 115mmcfd level

KESC has stated that the current gas supply by SSGC to the generation plants of the utility has fallen to an abysmal level of 115mmcfd, which is a mere 40 percent of the required and approved quota of 276mmcfd.
Published 24 Nov, 2011 12:00am
PMA holds demonstration for recovery of kidnapped doctors

PMA holds demonstration for recovery of kidnapped doctors

Pakistan Medical Association (PMA) held a protest demonstration on Wednesday outside the Karachi Press Club demanding early recovery of the kidnapped doctors including Dr Imtiaz Waggan, who is the faculty of Dow University and Dr Azhar Ali Shah. The prote
Published 24 Nov, 2011 12:00am
SBP Governor to open Microfinance Forum on December 2

SBP Governor to open Microfinance Forum on December 2

Governor State Bank of Pakistan, Yaseen Anwer, will be inaugurating the 5th Pakistan Microfinance Country Forum 2011 organised by Shamrock Conferences International in collaboration with Mazars Asia, Singapore; Tameer Microfinance Bank and Khushhali Bank
Published 24 Nov, 2011 12:00am
Book launching ceremony today

Book launching ceremony today

The Chief of the Naval Staff, Admiral Asif Sandila HI (M), will launch Odyssey of a Sailor by Rear Admiral S Z Hasnain at PNS Karsaz on Thursday (today). The function will be attended by naval and civilian dignitaries. Admiral Sandila, Rear Admiral Zahir
Published 24 Nov, 2011 12:00am
SAMENA BoDs: Walid Irshaid elected new vice-chairman

SAMENA BoDs: Walid Irshaid elected new vice-chairman

SAMENA Telecom-munications Council has announced that Pakistan Telecomm-unication Company Ltd (PTCL) CEO and President, Walid Irshaid, has been elected as the new Vice-Chairman of its Board of Directors. Irshaid succeeds Riad Bahsoun of Telecommunications
Published 24 Nov, 2011 12:00am
Appeal to the president of NBP

Appeal to the president of NBP

In the budget 2011-12, federal and provincial governments have increased pension of their retired employees by 20 percent. It is a good and commendable gesture. Unluckily, National Bank of Pakistan which is an autonomous body, earning huge profits, did no
Published 24 Nov, 2011 12:00am
Poor girl students' appeal

Poor girl students' appeal

We the different female students of Nawabshah want to draw immediate attention of the higher authorities of SZABIST towards the injustice done with us by the SZABIST Job Skill Training Center (JSTC) - Nawabshah in the name of Beautician Course that not st
Published 24 Nov, 2011 12:00am
Declining growth and rising debt

Declining growth and rising debt

The issue of circular debt has somehow overshadowed the national debt crisis that this country currently continues to face in the form of debt servicing and future generations will bear in the form of debt retirement. Unlike responsible nations, we have,
Published 24 Nov, 2011 12:00am
The power of focus in salesmanship

The power of focus in salesmanship

"Are you okay? You look tense." Afsaney asked her brother. "Selling a bouquet of flowers for one hundred dollars is not an easy task, isn't it? You can't befool people. The assignment given to me by the teacher is really tough, I'm worried," her brother E
Published 24 Nov, 2011 12:00am
VIEWPOINT: The matter of secret memo

VIEWPOINT: The matter of secret memo

The two principal characters in the memo scandal, former US Joint Chiefs of Staff Admiral Mullen and ex-National Security Advisor General Jim Jones, having confirmed its existence, the focus since has shifted to its alleged author and mover, Ambassador Hu
Published 24 Nov, 2011 12:00am
The fall of Haqqani

The fall of Haqqani

Ambassador Husain Haqqani's resignation on Tuesday, amidst allegations of a secret memo seeking the US' help to avert a coup in return for a string of promises, may have helped temporarily control the whirlwind crises developing over the last few weeks in
Published 24 Nov, 2011 12:00am
Projects aplenty

Projects aplenty

From the way the government is engaged in promoting various kinds of projects, it would appear that its budgetary position is very comfortable at the moment and the shortage of funds is not a problem. The Executive Committee of National Economic Council (
Published 24 Nov, 2011 12:00am
'Proper control of diabetes can prevent long-term complications'

'Proper control of diabetes can prevent long-term complications'

Proper control of diabetes can prevent, or delay, the long-term complications, said Professor Masood Hameed Khan, Vice Chancellor of Dow University of Health Sciences. He further said that there is need for concerted and co-ordinated efforts towards preve
Published 24 Nov, 2011 12:00am
Boy injured in road mishap

Boy injured in road mishap

A little boy was injured when a speedy vehicle hit him in Mian Ghundi area on outskirts of the provincial capital. Police said on Wednesday, eight-year-old Samiullah was crossing road when a speedy vehicle hit, injuring him. The wounded was rushed to Bola
Published 24 Nov, 2011 12:00am
Mobilink lauds team Green's victory in Jazz Cup

Mobilink lauds team Green's victory in Jazz Cup

Mobilink extends its congratulations to the Pakistan cricket team on its series win over Sri Lanka in the Jazz Cup 2011 being held in the UAE. Jazz partnered with the Pakistan Cricket Board to organise 'The Mobilink Jazz Cup 2011' in the United Arab Emira
Published 24 Nov, 2011 12:00am
Rao Qamar conferred Merit of Santos Dumont award

Rao Qamar conferred Merit of Santos Dumont award

Air Chief Marshal Rao Qamar Suleman, Chief of the Air Staff, Pakistan Air Force, was conferred with the prestigious award of "Merit of Santos Dumont" by the Government of Federative Republic of Brazil in recognition of promoting and strengthening bilatera
Published 24 Nov, 2011 12:00am
Prime Minister approves 3G policy

Prime Minister approves 3G policy

Prime Minister Syed Yousuf Raza Gilani presided over a meeting on 3G and Grey traffic and Additional Spectrum auction for Wireless Local Loop here on Wednesday. Ministry of Information Technology gave a presentation on recommendations formulated by Cabine
Published 24 Nov, 2011 12:00am
Two persons killed in separate incidents

Two persons killed in separate incidents

At least two persons were killed while one was injured in separate incidents in various parts of the metropolis on Wednesday. The first incident took place at Sheesha Club located in phase VI Khayaban-e-Bukhari, where two unknown armed men after reportedl
Published 24 Nov, 2011 12:00am
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