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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-12-15
Euro sinks versus dollar

Euro sinks versus dollar

The euro slid to an 11-month low against the dollar on Wednesday, as investors speculated that more eurozone countries may be downgraded in the near term given that a quick solution to the region's debt crisis remains elusive. Market participants shunned
Published 15 Dec, 2011 12:00am
Early trade in New York: euro sinks below $1.30

Early trade in New York: euro sinks below $1.30

The euro sank below $1.30 on Wednesday, hitting an 11-month low against the dollar as worries about a lack of a solution to the eurozone sovereign debt crisis kept a dim outlook on the single currency into the year-end. Although Germany and Italy managed
Published 15 Dec, 2011 12:00am
Euro tumbles in New York

Euro tumbles in New York

The euro dropped to an 11-month low against the dollar on Tuesday, weighed by fears of ratings downgrades in the eurozone, with the greenback supported by reduced expectations of further monetary easing following the Federal Reserve's less pessimistic ass
Published 15 Dec, 2011 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 80.29-80.40 (previous 79.95-80.30). Call Money Rates: 20.00 percent (previous 12.00-22.00 percent).
Published 15 Dec, 2011 12:00am
Aussie and New Zealand dollars stay defensive

Aussie and New Zealand dollars stay defensive

The Australian and New Zealand dollars stayed on the defensive on Wednesday following a big drop in Australian consumer confidence and after a top central banker warned of downside risks from Europe's debt crisis. The Aussie dollar stood at $1.0017, versu
Published 15 Dec, 2011 12:00am
Swiss franc stadies

Swiss franc stadies

The Swiss franc was stable against the euro and the dollar in choppy trading on Wednesday as investor hopes for a lasting solution to the eurozone crisis continued to ebb and flow, with thin trading volumes adding to market volatility. The franc has shado
Published 15 Dec, 2011 12:00am
Indian rupee hits new low

Indian rupee hits new low

The Indian rupee hit yet another record low on Wednesday as worse-than-expected inflation data and the US Fed's decision to hold back on new stimulus steps heightened fears that capital outflows from emerging economies such as India could accelerate. The
Published 15 Dec, 2011 12:00am
Asian currencies ease

Asian currencies ease

Most emerging Asian currencies eased on Wednesday as investors cut risky bets after the Federal Reserve gave no hints of new stimulus measures to bolster US growth and offset concerns about the eurozone debt crisis. Investors were wary of further dollar-s
Published 15 Dec, 2011 12:00am
Funding costs for dollars rise; three-month Libor jumps

Funding costs for dollars rise; three-month Libor jumps

Strong demand for the relative safety of dollars, needed to bolster balance sheets into year end, saw banks' dollar borrowing triple on Wednesday at the ECB's weekly loan offering, against a backdrop of rising funding costs in the market. A total of 12 ba
Published 15 Dec, 2011 12:00am
Freeport signs deal to end Indonesia copper mine strike

Freeport signs deal to end Indonesia copper mine strike

Freeport McMoRan Copper & Gold Inc expects full operations at its Indonesia mine to resume by early 2012 after reaching a pay deal on Wednesday to end a three-month strike that paralysed output at the world's second-biggest copper deposit. The deal, which
Published 15 Dec, 2011 12:00am
Internet pioneers oppose US online piracy bills

Internet pioneers oppose US online piracy bills

The founders of Craigslist, eBay, Google, Twitter, Yahoo! and other Internet giants expressed concern to the US Congress on Wednesday over legislation intended to crack down on online piracy. The Stop Online Piracy Act has received some bipartisan support
Published 15 Dec, 2011 12:00am
China to hit US auto imports with duties

China to hit US auto imports with duties

China will impose anti-subsidy and anti-dumping duties on imported cars made in the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies. The duties will affect majo
Published 15 Dec, 2011 12:00am
Austerity should not be done too fast: IMF

Austerity should not be done too fast: IMF

The International Monetary Fund's chief economist cautioned on Wednesday against exacting tough austerity measures too quickly and instead favours a longer process as countries around the world grapple with high debt levels. The IMF's Olivier Blanchard sa
Published 15 Dec, 2011 12:00am
British unemployment hits 17-year high

British unemployment hits 17-year high

The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff. While a surprise slowdown in the number o
Published 15 Dec, 2011 12:00am
Credit Agricole to cut 2,350 jobs

Credit Agricole to cut 2,350 jobs

French banking group Credit Agricole is to cut 2,350 jobs around the world, including 850 positions in France, mainly at its Cacib investment bank, the Force Ouvriere (FO) union said on Wednesday. At Cacib, 1,750 jobs will be cut globally, including 550 i
Published 15 Dec, 2011 12:00am
India to get information on 'black money' in Swiss banks

India to get information on 'black money' in Swiss banks

India's finance minister on Wednesday said New Delhi will receive information from Swiss authorities on Indian nationals who have stashed funds in secret bank accounts in the country. Pranab Mukherjee in a debate in parliament on so-called "black money",
Published 15 Dec, 2011 12:00am
Year of stagnation awaits eurozone

Year of stagnation awaits eurozone

A year of complete stagnation awaits the eurozone economy in 2012, according to a Reuters poll of economists, who said a recession has already started that will last until the second quarter of next year. In the first poll of economists taken since EU lea
Published 15 Dec, 2011 12:00am
India cuts growth forecast, warns on trade balance, deficit

India cuts growth forecast, warns on trade balance, deficit

India slashed its full-year growth forecast on Friday amid slowing domestic and global demand, with officials warning the government was facing a serious balance of trade problem and will have a tough time meeting its fiscal deficit target. Asia's third-l
Published 15 Dec, 2011 12:00am
Madoff trustee sues Credit Suisse, Baer and Falcon

Madoff trustee sues Credit Suisse, Baer and Falcon

The trustee liquidating convicted fraudster Bernard Madoff's companies is suing Credit Suisse for $375 million, money which he said was transferred to the bank but belongs to the estate of Madoff's collapsed businesses. The filing, on December 12, followe
Published 15 Dec, 2011 12:00am
US import prices post largest gain in seven months

US import prices post largest gain in seven months

US import prices recorded their largest increase in seven months in November as the cost of petroleum surged, a government report showed on Wednesday, but underlying imported inflation pressures remain contained. Overall import prices rebounded 0.7 percen
Published 15 Dec, 2011 12:00am
China has less than a decade to remake economy: US

China has less than a decade to remake economy: US

China has less than a decade to overhaul its economy and safeguard long-term growth that goes beyond a boom based on cheap labour, a top US Treasury official warned Wednesday. Treasury Under Secretary Lael Brainard said Beijing needs to urgently boost tec
Published 15 Dec, 2011 12:00am
China makes growth guarantee against grim global economy

China makes growth guarantee against grim global economy

China pledged to guarantee growth in the face of an "extremely grim" outlook for the global economy in 2012, rounding off its annual policy-setting conference on Wednesday with a series of commitments to deliver economic stability. Laying out a blueprint
Published 15 Dec, 2011 12:00am
Lin Dan kicks off Superseries final with win

Lin Dan kicks off Superseries final with win

China's badminton star Lin Dan began his quest to bag his first-ever Superseries final title Wednesday by dispatching compatriot Chen Long, while women's number one Wang Yihan lost to South Korea's Sung Ji Hyun. "Super" Dan, badminton's most decorated pla
Published 15 Dec, 2011 12:00am
Mobilink Foundation supports Mini Special Olympics

Mobilink Foundation supports Mini Special Olympics

Mobilink Foundation celebrated the Universal Day of Special Persons by supporting the organisation of a Mini Special Olympics for special students in Faisalabad. The event was organised in collaboration with Tanzeem-al-Lissan, a voluntary organisation wor
Published 15 Dec, 2011 12:00am
Pakistan hope China tests hasten international return

Pakistan hope China tests hasten international return

Pakistan hope a smooth-running hockey series against China this month will encourage international sporting teams to return to the country. Western teams have been reluctant to tour Pakistan because of the security situation since the 9/11 attacks in 2001
Published 15 Dec, 2011 12:00am
Watson, Marsh add to Aussie batting woes

Watson, Marsh add to Aussie batting woes

Australia's beleaguered batting line-up faces fresh problems ahead of their series against India with Shaun Marsh unlikely to be fit for the first Test and question marks over Shane Watson's role. Left-hander Marsh and opener-cum-all-rounder Watson had be
Published 15 Dec, 2011 12:00am
India to ask London to drop Dow Chemical

India to ask London to drop Dow Chemical

The Indian Olympic Association will formally ask organisers of the London Games to drop Dow Chemical as a sponsor over its links to the Bhopal disaster, acting chief Vijay Kumar Malhotra said Wednesday. "We will express our displeasure to London Games org
Published 15 Dec, 2011 12:00am
Neymar lights up Club World Cup

Neymar lights up Club World Cup

Neymar showed why he is the most coveted player outside Europe as he lit up the Club World Cup with a sumptuous strike Wednesday to send Santos on their way to a likely final against Barcelona. All the talk before the semi-final clash against the host sid
Published 15 Dec, 2011 12:00am
South Africa seek step up against Sri Lanka

South Africa seek step up against Sri Lanka

South Africa will seek to end a sequence of disappointing results in home series when they take on Sri Lanka in the first of three Tests at SuperSport Park on Thursday. South Africa have lost one and shared three of four most recent home series, with a lo
Published 15 Dec, 2011 12:00am
Gavaskar demands IPL dues

Gavaskar demands IPL dues

Former India captain Sunil Gavaskar says he is "shaken and baffled" by his national cricket board's refusal to pay his $1 million fees per season for the Indian Premier League. Gavaskar says the cash-rich Board of Control for Cricket in India (BCCI) owes
Published 15 Dec, 2011 12:00am
PCB formulates task team on domestic cricket

PCB formulates task team on domestic cricket

Chairman Pakistan Cricket Board (PCB), Chaudhry Zaka Ashraf, has approved to constitute a task team to give suggestions to PCB for the improvement of domestic cricket in Pakistan. According to news release of PCB media cell, the task team will study and r
Published 15 Dec, 2011 12:00am
Indonesia fines breakaway clubs

Indonesia fines breakaway clubs

Indonesia's football association has fined eight clubs for joining a rebel league, an official said Wednesday, in a row that has seen the country's top club expelled from international competition. Indonesian football was plunged into chaos last month by
Published 15 Dec, 2011 12:00am
Afridi refuses to be drawn into match-fix web

Afridi refuses to be drawn into match-fix web

Pakistan's all rounder Shahid Afridi has revealed that he refused to meet with convicted cricket match-fixer Mazhar Majeed after hearing rumours about the agent's rogue operations. Majeed, who along with Pakistan players Salman Butt, Mohammad Asif and Moh
Published 15 Dec, 2011 12:00am
Pakistan has positive chances in England series: Intikhab

Pakistan has positive chances in England series: Intikhab

Pakistan former cricket captain, coach and team manager Intikhab Alam said on Wednesday that the team is optimistic regarding its chances against the upcoming England series to be held in the United Arab Emirates (UAE) next year. Intikhab, who now works a
Published 15 Dec, 2011 12:00am
UN asks for $7.7 billion in 2012 aid funding

UN asks for $7.7 billion in 2012 aid funding

The United Nations said on Wednesday it needed $7.7 billion in aid funding for 16 countries next year, with the biggest chunk to go towards helping victims in drought-devastated Horn of Africa. Some $1.5 billion in funds are destined for Somalia, where 25
Published 15 Dec, 2011 12:00am
Boat accident kills at least 20 in Nigeria

Boat accident kills at least 20 in Nigeria

An overloaded passenger boat capsized in southern Nigeria, killing at least 20 people, though emergency workers were able to rescue a number of others alive, officials said Wednesday. The wooden boat was travelling between an area called Eagle Island and
Published 15 Dec, 2011 12:00am
Islamists look to extend success in Egypt polls

Islamists look to extend success in Egypt polls

Voters poured into polling stations Wednesday in the second round of landmark elections that will shape Egypt's post-revolution future, with many backing Islamists who have already emerged as front-runners. Some 18.8 million Egyptians are eligible to cast
Published 15 Dec, 2011 12:00am
Toxic liquor kills 55 in east India

Toxic liquor kills 55 in east India

At least 55 people died after consuming toxic home-made liquor in an eastern Indian state, officials said Wednesday and warned the toll could rise as more than 100 other victims were in hospitals. The deaths were reported from the impoverished district of
Published 15 Dec, 2011 12:00am
Russian who helped put Gagarin in space dies at 99

Russian who helped put Gagarin in space dies at 99

One of the last surviving architects of the Soviet space programme that put Yuri Gagarin into orbit half a century ago died on Wednesday, officials said. He was 99. Boris Chertok, who helped design the country's first ballistic missiles, was a close colle
Published 15 Dec, 2011 12:00am
US returns looted Iraqi dishes

US returns looted Iraqi dishes

Fancy dinner plates belonging to the Iraqi royal family and Saddam Hussein before being stolen and sold to a New York restaurant are finally being returned, officials said Wednesday. Preet Bharara, chief federal prosecutor for the Southern District of New
Published 15 Dec, 2011 12:00am
Iraqis burn US flags to celebrate troop pullout

Iraqis burn US flags to celebrate troop pullout

Hundreds of Iraqis set alight US and Israeli flags on Wednesday as they celebrated the impending pullout of American forces from the country in the former insurgent bastion of Fallujah. Shouting slogans in support of the "resistance," the demonstrators he
Published 15 Dec, 2011 12:00am
Hamas marks anniversary, hails Arab Spring Islamists

Hamas marks anniversary, hails Arab Spring Islamists

Tens of thousands of Hamas supporters rallied in Gaza on Wednesday to celebrate the Palestinian group's 24th anniversary and the strengthening of fellow Islamists in Egypt. "We hope all Arab countries will come under Islamic control," said Umm Bashir al-H
Published 15 Dec, 2011 12:00am
British royals unveil world tour for queen's diamond jubilee

British royals unveil world tour for queen's diamond jubilee

Britain's royal family will tour the globe next year to celebrate Queen Elizabeth II's diamond jubilee marking 60 years on the throne, Buckingham Palace announced on Wednesday. Prince William and his wife Catherine will travel to the Asia-Pacific region,
Published 15 Dec, 2011 12:00am
Bombs kill three in Iraq

Bombs kill three in Iraq

Two car bombs exploded near shops and restaurants in the Iraqi town of Tal Afar on Wednesday, killing at least three people and wounding 35 others, a police source said. The blasts occurred in the mainly Shia town of Tal Afar, which lies about 420 km (260
Published 15 Dec, 2011 12:00am
Kuwaiti emir swears in new government

Kuwaiti emir swears in new government

Kuwait's emir swore in a new cabinet that closely resembled its predecessor on Wednesday to take the Gulf oil producer into a parliamentary election expected next year. Analysts said the new cabinet was unlikely to resolve a long-standing tussle between t
Published 15 Dec, 2011 12:00am
Iran may soon start nuclear work in bunker

Iran may soon start nuclear work in bunker

Iran could soon launch sensitive atomic activities in an underground facility deep inside a mountain, diplomatic sources said on Wednesday, a development likely to add to tension between Tehran and the West. Iranian experts have carried out the necessary
Published 15 Dec, 2011 12:00am
Ukraine quashes murder charge against former President

Ukraine quashes murder charge against former President

A Ukraine court on Wednesday threw out a charge against former President Leonid Kuchma alleging involvement in the 2000 murder of an opposition journalist, ruling that secret tape recordings that appeared to incriminate him were inadmissible as evidence.
Published 15 Dec, 2011 12:00am
Top Putin ally quits as Russia parliament speaker

Top Putin ally quits as Russia parliament speaker

A leading ally of Vladimir Putin said on Wednesday he was quitting his post as Russian parliament speaker, after polls that saw the ruling party lose support and face protests against vote-rigging. Boris Gryzlov is the highest-profile casualty yet of the
Published 15 Dec, 2011 12:00am
South Korea, Australia sign defence deal

South Korea, Australia sign defence deal

The South Korean and Australian defence ministers signed an agreement Wednesday to deepen military co-operation between the two countries through increased joint exercises. The move comes after the United States announced last month that it will increase
Published 15 Dec, 2011 12:00am
Obama ratings down but Gingrich worse

Obama ratings down but Gingrich worse

US President Barack Obama's overall popularity has slipped to a new low but his approval ratings are still ahead of current Republican frontrunner Newt Gingrich, a poll showed Wednesday. The ABC News/Washington Post poll said the "unfavourable" views of O
Published 15 Dec, 2011 12:00am
New York cotton at 16-month low

New York cotton at 16-month low

Cotton futures finished Wednesday at a 16-month low as weak outside markets coupled with poor fundamentals took their toll, and further losses could occur in coming days, analysts said. Global stock markets and the euro sank as worries escalated over reco
Published 15 Dec, 2011 12:00am
US copper slides

US copper slides

Copper prices fell for a second straight session on Tuesday as the dollar surged, and the industrial metal's losses accelerated after Federal Reserve policy makers gave no hints of new stimulus measures to offset the effects of the worsening European debt
Published 15 Dec, 2011 12:00am
Shanghai copper drops

Shanghai copper drops

The most-traded February copper contract on the Shanghai Futures Exchange dropped 0.73 percent to 55,710 yuan ($8,800) a tonne on Wednesday.
Published 15 Dec, 2011 12:00am
Copper near three-week low

Copper near three-week low

Copper fell near a three-week low on Wednesday as Europe's debt crisis remained unresolved, denting demand prospects, and after the US Federal Reserve decided to do nothing new to prop up growth. Risk aversion also pushed up the US dollar, generally perce
Published 15 Dec, 2011 12:00am
Oil slumps over four percent on Europe, Opec worries

Oil slumps over four percent on Europe, Opec worries

Crude oil futures tumbled more than 4 percent on Wednesday, part of a broad commodities selloff triggered by a weakening of the euro due to the worsening eurozone debt crisis. Worries that the Organisation of Petroleum Exporting Countries lacked a mechani
Published 15 Dec, 2011 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures ended higher on Wednesday, recovering from previous losses due to concerns about limited supply in major producing countries, but easing oil and profit-taking limited the rise, dealers said. The benchmark rubber contract on the Tokyo
Published 15 Dec, 2011 12:00am
Palm oil higher

Palm oil higher

Palm oil futures reversed earlier losses to close almost 2 percent higher on Wednesday, as bargain hunters entered the market and comparative oils helped ofset persistent doubts over the eurozone debt crisis. Benchmark February palm oil futures on the Bur
Published 15 Dec, 2011 12:00am
Soyabeans and wheat rise

Soyabeans and wheat rise

US soyabean futures rose on Tuesday as forecasts for poor crop weather in South America boosted prospects for US supplies on the export market and provided an opportunity for traders to cover short positions. Wheat futures also were supported by short cov
Published 15 Dec, 2011 12:00am
Cocoa and sugar down

Cocoa and sugar down

Cocoa futures fell on Wednesday in a technically driven correction following rallies in the previous two sessions, while arabica coffee and sugar extended losses, pressured by a weakening euro and share prices. The euro sank and stock markets fell on Wedn
Published 15 Dec, 2011 12:00am
Gold rises in Asia

Gold rises in Asia

Spot gold rose slightly on Wednesday after falling 2 percent in the previous session, as a key technical level offered support to prices that remained under pressure from a firm dollar. The most-active US gold futures contract tumbled as much as 2.3 perce
Published 15 Dec, 2011 12:00am
US gold tumbles

US gold tumbles

Gold fell around 2.5 percent on Tuesday, posting its largest two-day loss in nearly three months, as the dollar rallied after the Federal Reserve held its policy steady with no new market stimulus. Spot gold hit a seven-week low of $1,624.29, and was down
Published 15 Dec, 2011 12:00am
Gold tumbles in London

Gold tumbles in London

Gold tumbled to its lowest level since early October on Wednesday, set for its weakest monthly performance since September, as a weak euro and a shortage of dollar funding over the year-end prompted investors to sell aggressively. Gold has lost about 8.0
Published 15 Dec, 2011 12:00am
US MIDDAY: grains tumble

US MIDDAY: grains tumble

US grain futures fell Wednesday in tandem with other commodities as the dollar surged on concern about the lack of a solution to the eurozone debt crisis. Oil was down more than 3 percent and gold tumbled more than 5 percent as the dollar index rose 0.53
Published 15 Dec, 2011 12:00am
US MIDDAY: gold dives three percent

US MIDDAY: gold dives three percent

Gold dropped about 3 percent on Wednesday as a technical sell-off, year-end fund liquidation and plunging industrial commodities sent bullion to its second-worst rout since the 2008 economic crisis. Bullion''s losses snowballed after it broke below its 20
Published 15 Dec, 2011 12:00am
US MIDDAY: gold dives three percent

US MIDDAY: gold dives three percent

Gold dropped about 3 percent on Wednesday as a technical sell-off, year-end fund liquidation and plunging industrial commodities sent bullion to its second-worst rout since the 2008 economic crisis. Bullion's losses snowballed after it broke below its 200
Published 15 Dec, 2011 12:00am
US MIDDAY: gold dives three percent

US MIDDAY: gold dives three percent

Gold dropped about 3 percent on Wednesday as a technical sell-off, year-end fund liquidation and plunging industrial commodities sent bullion to its second-worst rout since the 2008 economic crisis. Bullion's losses snowballed after it broke below its 200
Published 15 Dec, 2011 12:00am
Former vice chancellor Dhaka university visits IPRI

Former vice chancellor Dhaka university visits IPRI

Professor Muhammad Muniruzzaman Mian, former Vice Chancellor of Dhaka University and Former Ambassador of Bangladesh visited Islamabad Policy Research Institute on Wednesday. He divulged his thoughts on the troubled river sharing with India. Of the fifty-
Published 15 Dec, 2011 12:00am
Contractual IT teachers continue protest

Contractual IT teachers continue protest

The contractual IT teachers serving in the state-run educational institutions of AJK continued their protest on Wednesday and threatened to launch mass street agitation from December 20, if their demands were not met. The purpose of the protest was to pre
Published 15 Dec, 2011 12:00am
Virginia tobacco support price fixed at Rs 117 per kg

Virginia tobacco support price fixed at Rs 117 per kg

The minimum support price of Virginia tobacco has fixed at Rs 117/kg for the current season with consultation of growers, tobacco exporting and manufacturing companies and members of Pakistan Tobacco Board with 13 percent increase as compared to last year
Published 15 Dec, 2011 12:00am
Government decides to re-advertise post of managing director OGDCL

Government decides to re-advertise post of managing director OGDCL

The government has decided to re-advertise the post of Managing Director (MD) of the Oil and Gas Development Company (OGDC) Limited, the country's largest oil and gas explorer. Sources in the Ministry of Petroleum and Natural Resources told Business Re
Published 15 Dec, 2011 12:00am
'Mashkoor Raza's journey' launched in Islamabad

'Mashkoor Raza's journey' launched in Islamabad

A solo exhibition of paintings by renowned artist Mashkoor Raza and a launching ceremony of the book "Mashkoor Raza's Journey" written by Nadeem Zuberi would be held today (Wednesday) at Nomad Gallery, Islamabad. Part memoir and part art journey, the book
Published 15 Dec, 2011 12:00am
Pervez Khattak's resignation accepted

Pervez Khattak's resignation accepted

The Khyber Pakhtunkhwa Governor on Wednesday accepted resignation of Pervez Khattak, Provincial Minister for Irrigation. Following the acceptance of Pervez Khattak resignation, he has no more entitled to hold portfolio of KP Minister for Irrigation with e
Published 15 Dec, 2011 12:00am
UET holds seminar on environmental challenges

UET holds seminar on environmental challenges

To create awareness among the youths about growing environmental hazards and challenges, the University of Engineering and Technology (UET) Peshawar in collaboration with Pakistan Environment Protection Foundation (PEPF) held a awareness seminar. PEPF pre
Published 15 Dec, 2011 12:00am
Speakers call for more amendments to FCR

Speakers call for more amendments to FCR

Speakers at a seminar on 'FATA Reforms: Present and Future Challenges' called for more amendments to Frontier Crime Regulation (FCR) by taking tribal people on board. They said the reforms were insufficient for bringing improvement in the lives of tribal
Published 15 Dec, 2011 12:00am
Nust team congratulated

Nust team congratulated

Two students from National University of Sciences and Technology, Syed Muhammad Bilal Khalid and Fahad Islam Tiwana, once again proved their mettle and brought laurels to Pakistan at the Second Global Entrepreneurship Challenge, Istanbul. They received in
Published 15 Dec, 2011 12:00am
Rumours cannot derail democratic system: Asfandyar

Rumours cannot derail democratic system: Asfandyar

While rejecting the rumours pertaining to any undemocratic change, Awami National Party (ANP) President Asfandyar Wali Khan said, "I don't see it would happen, as the country cannot afford any undemocratic system any more. Talking to media at the party's
Published 15 Dec, 2011 12:00am
Smeda, SZABIST to sign MoU

Smeda, SZABIST to sign MoU

The state run Small & Medium Enterprise Development Authority (Smeda) and Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST) have geared up their joint efforts to promote Industry -Academia collaboration to ensure that the unemployed
Published 15 Dec, 2011 12:00am
Pathologists' conference tomorrow

Pathologists' conference tomorrow

The 35th Annual and 5th International Conference of Pakistan Association of Pathologists (PAP) will be held at the College of Physicians & Surgeons of Pakistan (CPSP) here from Friday. The two-day moot will be a unique opportunity for the participants to
Published 15 Dec, 2011 12:00am
HCCI demands extension of Hyderabad airport runway, fuel bowl

HCCI demands extension of Hyderabad airport runway, fuel bowl

Chairman sub-committee for Civil Aviation Airport of Hyderabad Chamber of Commerce and Industry (HCCI) Abdul Qayum Nusrat in a press release said that, Hyderabad airport was being strongly felt the need of extending the runway and fuel bowl.
Published 15 Dec, 2011 12:00am
Woman among three persons shot dead in Quetta

Woman among three persons shot dead in Quetta

Woman among three were killed in a firing incident here in Shalkot area on Wednesday. Shalkot police station sources said unidentified armed assailants burst into a house and gunned down three persons including a woman present there. The victims had been
Published 15 Dec, 2011 12:00am
Mobilink supports Faisalabad mini special Olympics

Mobilink supports Faisalabad mini special Olympics

Mobilink Foundation celebrated the Universal Day of Special Persons by supporting the organisation of a Mini Special Olympics for special students in Faisalabad. The event was organised in collaboration with Tanzeem-al-Lissan, a voluntary organisation wor
Published 15 Dec, 2011 12:00am
Housing industry does not fall under the purview of ST Act: ABAD

Housing industry does not fall under the purview of ST Act: ABAD

Association of Builders and Developers of Pakistan (ABAD) said that housing and construction industry has convinced the Governor, Chief Minister and Minister Local Government Sindh that Housing and Construction Industry is not service provider and as such
Published 15 Dec, 2011 12:00am
No short cuts to sustained economic development: Anwar

No short cuts to sustained economic development: Anwar

The Governor of State Bank of Pakistan, Yaseen Anwar, has said that there are no shortcuts to sustained economic development. "We need to develop the right strategies and then translate these strategies into action,' he said.
Published 15 Dec, 2011 12:00am
PCP session highlights risks related to climate change

PCP session highlights risks related to climate change

Pakistan Centre for Philanthropy (PCP) and the One Joint Programme (One UN JPE) on Environment jointly organised a session on corporate social responsibility 'A Climate Change Perspective' at a local hotel on Wednesday. The function was attended by CSR re
Published 15 Dec, 2011 12:00am
Cold, dry weather likely

Cold, dry weather likely

The Met Office on Wednesday predicted the upper and western parts of the country to remain in the grip of severe cold waves for the next 24 hours. "Mainly cold and dry weather expected in most parts of the country. Upper and western parts of the country w
Published 15 Dec, 2011 12:00am
Professor Adib Rizvi grieved

Professor Adib Rizvi grieved

Dr Hajira Rizvi, wife of Professor Dr Adibul Hasan Rizvi Director SIUT, expired on Tuesday, after a brief illness. Dr Hajira Rizvi completed her MBBS in 1961 and got married to Professor Adibul Hasan Rizvi in 1970. She was a private medical practitioner a
Published 15 Dec, 2011 12:00am
Two bandits arrested in an encounter

Two bandits arrested in an encounter

At least two alleged bandits were arrested while a constable sustained bullet wound in an encounter occurred in the limits of Mobina Town police on Wednesday. According to police, the encounter took place at Block-4 Gulshan Iqbal where five alleged bandit
Published 15 Dec, 2011 12:00am
Seventh International Book Fair from tomorrow

Seventh International Book Fair from tomorrow

Pakistan Publishers and Book Sellers Association will be holding the 7th Karachi International Book Fair from Friday, 16th December at the Karachi Expo Centre. Sindh Education Minister Peer Mazharul Haq will formally inaugurate the exhibition on 17th. How
Published 15 Dec, 2011 12:00am
Wateen Telecom signs agreement with Spacecom International

Wateen Telecom signs agreement with Spacecom International

Wateen Telecom has signed a three-year multi-million dollar agreement with Spacecom International, the world's foremost provider of satellite and telecommunication services. Under the $11.3 million multi-transponder agreement, Wateen will provide Spacecom
Published 15 Dec, 2011 12:00am
Analysts extremely positive on corporate results outlook

Analysts extremely positive on corporate results outlook

Analysts are extremely positive on the outlook of the corporate results, saying that banking and fertiliser companies are all set to announce their robust annual results, while the results of the oil and cement companies are also poised to post decent ear
Published 15 Dec, 2011 12:00am
Pak-China consultations on HR issues held

Pak-China consultations on HR issues held

Pak-China consultations on human rights issues were held, here on Wednesday. The Chinese delegation was led by Qi Xiaoxia, Special Representative on Human Rights, Deputy Director General, Department of International Organisations and Conferences of the Mi
Published 15 Dec, 2011 12:00am
Wadpa employees hold rally against proposed privatisation

Wadpa employees hold rally against proposed privatisation

Wadpa employees held a protest rally against the proposed privatisation, demanding of the government review the plan in best interest of national institutions and working class of the country. Scores of employees led by Pakistan Wapda Electric Central Lab
Published 15 Dec, 2011 12:00am
Rs 65 million uplift schemes inaugurated in Malakand Agency

Rs 65 million uplift schemes inaugurated in Malakand Agency

The Khyber Pakhtunkhwa (KP) Minister for Finance, Engr Muhammad Hamayun Khan on Wednesday inaugurated various development projects costing Rs 65 million for speedy uplift of Malakand Agency. The Minister formally inaugurated Peeran-Tarang Mohalla Road, co
Published 15 Dec, 2011 12:00am
Breach of agreement by gas company officials resented

Breach of agreement by gas company officials resented

The textile industry and exporters have expressed resentment against breach of agreement by gas company officials for gas load shedding for consecutive four days a week instead of three days and termed it a deliberate attempt to shatter the export-oriente
Published 15 Dec, 2011 12:00am
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