News Archives for Print - 2011-12-19

The Weather

The weather report on Sunday (December 18, 2011) and the forecast for Monday (December 19, 2011).

Published 19 Dec, 2011 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2011)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 19 Dec, 2011 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 12 to December 16 2011)

Published 19 Dec, 2011 12:00am

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended December 15, 2011.

Published 19 Dec, 2011 12:00am

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended December 15, 2011.

Published 19 Dec, 2011 12:00am

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended December 15, 2011.

Published 19 Dec, 2011 12:00am

Prime Minister orders TCP to buy 1 million bales of cotton

Prime Minister Yousuf Raza Gilani has ordered the Trading Corporation of Pakistan (TCP) to procure one million cotton bales to stabilise cotton prices, and invited a delegation of Pakistan Cotton Ginners Association (PCGA) to meet him in Islamabad on Mond

Published 19 Dec, 2011 12:00am

Prime Minister orders TCP to buy 1 million bales of cotton

Prime Minister Yousuf Raza Gilani has ordered the Trading Corporation of Pakistan (TCP) to procure one million cotton bales to stabilise cotton prices, and invited a delegation of Pakistan Cotton Ginners Association (PCGA) to meet him in Islamabad on Mond

Published 19 Dec, 2011 12:00am

Prime Minister orders TCP to buy 1 million bales of cotton

Prime Minister Yousuf Raza Gilani has ordered the Trading Corporation of Pakistan (TCP) to procure one million cotton bales to stabilise cotton prices, and invited a delegation of Pakistan Cotton Ginners Association (PCGA) to meet him in Islamabad on Mond

Published 19 Dec, 2011 12:00am

Five burnt alive in gas cylinder explosion

Five passengers, including a woman and a child were burnt alive, while 15 injured and the condition of the seven reported to be serious when Sheikhupura-bound wagon caught fire due to leakage of gas from a cylinder near Khurrian-wala about 25km from here

Published 19 Dec, 2011 12:00am

Five burnt alive in gas cylinder explosion

Five passengers, including a woman and a child were burnt alive, while 15 injured and the condition of the seven reported to be serious when Sheikhupura-bound wagon caught fire due to leakage of gas from a cylinder near Khurrian-wala about 25km from here

Published 19 Dec, 2011 12:00am

Russian rig sinks, over 50 feared dead

A drilling rig with 67 crew on board capsized and sank off Russia's far eastern island of Sakhalin on Sunday while being towed through a storm, leaving more than 50 dead or missing in the icy Sea of Okhotsk.

Published 19 Dec, 2011 12:00am

Russian rig sinks, over 50 feared dead

A drilling rig with 67 crew on board capsized and sank off Russia's far eastern island of Sakhalin on Sunday while being towed through a storm, leaving more than 50 dead or missing in the icy Sea of Okhotsk.

Published 19 Dec, 2011 12:00am

Developing oil field: Iran signs up to $1 billion deal with Russian company

Iran signed a deal reportedly worth up to $1 billion with Russia''s Tatneft on Sunday to develop an oil field, a rare example of new foreign investment into the oil and gas sector of a country under ever tighter economic sanctions.

Published 19 Dec, 2011 12:00am

Developing oil field: Iran signs up to $1 billion deal with Russian company

Iran signed a deal reportedly worth up to $1 billion with Russia's Tatneft on Sunday to develop an oil field, a rare example of new foreign investment into the oil and gas sector of a country under ever tighter economic sanctions.

Published 19 Dec, 2011 12:00am

Developing oil field: Iran signs up to $1 billion deal with Russian company

Iran signed a deal reportedly worth up to $1 billion with Russia's Tatneft on Sunday to develop an oil field, a rare example of new foreign investment into the oil and gas sector of a country under ever tighter economic sanctions.

Published 19 Dec, 2011 12:00am

Havel, leader of 'Velvet Revolution', dies

Vaclav Havel, a dissident playwright who was jailed by Communists and then went on to lead the bloodless "Velvet Revolution" and become Czech president, died at 75 on Sunday. The former chain smoker, who survived several operations for lung cancer and a b

Published 19 Dec, 2011 12:00am

Havel, leader of 'Velvet Revolution', dies

Vaclav Havel, a dissident playwright who was jailed by Communists and then went on to lead the bloodless "Velvet Revolution" and become Czech president, died at 75 on Sunday. The former chain smoker, who survived several operations for lung cancer and a b

Published 19 Dec, 2011 12:00am

Taliban ready to open political office

The Taliban are willing to open an office in an Islamic country, a step towards holding face-to-face peace talks with Afghanistan, a member of the Afghan government's team of negotiators with the group said on Sunday.

Published 19 Dec, 2011 12:00am

Taliban ready to open political office

The Taliban are willing to open an office in an Islamic country, a step towards holding face-to-face peace talks with Afghanistan, a member of the Afghan government's team of negotiators with the group said on Sunday.

Published 19 Dec, 2011 12:00am

Severing diplomatic ties can undermine national interest: Hina

Foreign Minister, Hina Rabbani Khar said that breaking off diplomatic ties with other countries was not in national interest, asserting Pakistan wanted amicable relations with all countries of the world.

Published 19 Dec, 2011 12:00am

Punjab Assembly to resume proceedings today

The Punjab Assembly will resume its proceeding after a two-day break on Monday at 3 pm. The session, 32nd of the current provincial assembly, will be chaired by Speaker Rana Mohammed Iqbal. Besides discussing various important issues including prevailing

Published 19 Dec, 2011 12:00am

Australia providing $1.5 million for five projects

Australia has been providing $1.5 million for Agriculture Sector Linkages Programme (ASLP) in Pakistan, which will be completed in two phases with the co-operation of University of Veterinary and Animal Sciences (UVAS).

Published 19 Dec, 2011 12:00am

PPP S Punjab condemns secret moves against Parliament

President Pakistan People's Party (PPP) South Punjab Makhdoom Shahubbin on Sunday said the PPP has passed a unanimous resolution against clandestine moves to destabilise the present parliament headed by prime minister Syed Yousuf Raza Gilani.

Published 19 Dec, 2011 12:00am

Grain mills, animal feeds making units: about 30 percent of businesses not registered

About 30 percent of the businesses of the grain mills and animal feeds manufacturing units in Pakistan are not formally registered with any trade union or association. Sixty three percent of the businesses in the segment do not prepare financial statement

Published 19 Dec, 2011 12:00am

11 million cotton bales sourced to ginners by December 15: PCGA

Pakistan Cotton Ginners Association (PCGA) released its fortnightly report reveals that around 11 million cotton bales have been sourced to the country's ginners by December 15, 2011. As revealed by the report, there has been a 17.69 percent increase in t

Published 19 Dec, 2011 12:00am

Engro Foods believes in innovation, says CEO

BR research: Dairy being your core segment - how do you see its potential in Pakistan?

Published 19 Dec, 2011 12:00am

Engro Foods believes in innovation, says CEO

BR research: Dairy being your core segment - how do you see its potential in Pakistan?

Published 19 Dec, 2011 12:00am

Back in the past!

When I was a child, my parents told me that you are lucky to have electricity to study, because, at that time we studied in lantern light at home, or under the street lamp. I said 'really'? The parents said yes. It was in the early 60s. Now, our children

Published 19 Dec, 2011 12:00am

IMF has 'useful role to play' in eurozone solution

The sight of politicians walking hat-in-hand into meetings with the International Monetary Fund officials has been humiliating for voters in Greece, Ireland and Portugal and unnerving to their European neighbours. Now, bond investors are casting wary eyes

Published 19 Dec, 2011 12:00am

New growth strategy

The whole world is moving towards urbanisation. But here in Pakistan, we are rapidly ruralizing the few urban centers we have. Why? Because we are too scared to move away from the status quo. We are too scared to think outside the box. This fear that the

Published 19 Dec, 2011 12:00am

Waiting game

The sudden departure of President Zardari on 6th December for Dubai was first rationalised amongst political analysts as based on political rather than medical compulsions. Forces against his continued presidency, analysts pointed out, had gathered moment

Published 19 Dec, 2011 12:00am

Clear mismatch

The replies submitted by the respondents to the Supreme Court reveal a clear mismatch of positions taken by the government and the armed forces over the Memogate scandal. This mismatch is not only over the substance of the memo but also over the procedure

Published 19 Dec, 2011 12:00am

Home remittances during July-November

We have continuously been stressing the need to keep a close watch and review periodically the trend in home remittances in our editorials. The latest data suggests that the time may have come to undertake such an exercise in earnest in order to ensure a

Published 19 Dec, 2011 12:00am

Somali journalist killed by man in soldier uniform

A journalist with a Somali television channel was shot dead in the capital on Sunday by a man wearing a government soldier's uniform, witnesses said. Abdisalan Sheikh Hasan worked for the Horn Cable TV channel, colleagues and locals said.

Published 19 Dec, 2011 12:00am

Hamas and Fatah begin key unity talks in Cairo

The rival Palestinian movements Fatah and Hamas began meeting in Cairo on Sunday to discuss ways of implementing a stalled reconciliation deal, an official said. Delegates from the two factions met "to prepare for the comprehensive dialogue" which is to t

Published 19 Dec, 2011 12:00am

Kuwait emir sets parliamentary election for February 2

Kuwait's Emir Sheikh Sabah al-Ahmad al-Sabah on Sunday decreed that an early parliamentary election would take place on February 2, the privately-owned al-Rai television reported.

Published 19 Dec, 2011 12:00am

Turkish business leaders warn France over genocide bill

Turkish business leaders warned France Sunday that its adoption of a law criminalising denial of the Armenian genocide would have devastating consequences for trade ties. "If this bill is passed, it will cause serious damage to economic and trade ties," R

Published 19 Dec, 2011 12:00am

Indian government to table key anti-graft bill

The Indian government is confident about tabling a key anti-corruption bill during the current parliamentary session, Prime Minister Manmohan Singh said according to a statement Sunday. Graft has become a huge issue after the United Progressive Alliance g

Published 19 Dec, 2011 12:00am

Australia to open guest worker scheme for poor neighbours

Australia will introduce a permanent guest worker scheme for citizens of poor neighbouring countries to address staff shortages in agriculture, government ministers said on Sunday. It will start on July 1 next year and follows a successful pilot scheme, t

Published 19 Dec, 2011 12:00am

Palestinian prisoners leave jails

Israel began Sunday night transferring some 550 Palestinian prisoners being freed in a prisoner exchange from a jail in central Israel to crossing points from where they will cross into Palestinian or Jordanian territory. A spokeswoman for the Israel Pris

Published 19 Dec, 2011 12:00am

Israel unveils tenders for 1,028 new settlement units

Israel's housing and construction ministry said on Sunday it was to publish tenders for the construction of more than 1,000 housing units in east Jerusalem and the West Bank.

Published 19 Dec, 2011 12:00am

Israel and US 'determined' to halt Iran's nuclear drive: Barak

Israel and the United States are determined to prevent Iran from obtaining nuclear weapons and do not rule out any option to that end, Israel's defence minister said on Sunday.

Published 19 Dec, 2011 12:00am

Bus crash in western Nepal kills 15

A bus has plunged off a narrow mountain road in western Nepal killing 15 people, police said Sunday, the latest in a string of deadly accidents on the country's highways The driver lost control in thick fog on a highway on the country's western border wit

Published 19 Dec, 2011 12:00am

Auction of Jackson's furniture raises $1 million

An auction of the contents of deceased pop singer Michael Jackson's last home raised almost 1 million dollars, Julien's Auctions reported Sunday.

Published 19 Dec, 2011 12:00am

Philippines searches for hundreds after typhoon kills 650

Rescuers searched for more than 800 people missing in the southern Philippines on Sunday after flash floods and landslides swept houses into rivers and out to sea, killing more than 650 people in areas ill-prepared to cope with storms.

Published 19 Dec, 2011 12:00am

IGP for effectively curbing bank robbery cases

The Inspector General of Police (IGP) Sindh, Mushtaq Ahmed Shah, issued strict directives for taking effective measures for curbing bank robberies. Chairing a meeting at the Central Police Office here on Sunday, he reviewed the headway that has been made

Published 19 Dec, 2011 12:00am

Citizens' right body launched against KESC's 'excesses'

Advisor to Sindh Chief Minister and general secretary of Pakistan Muslim League-Q Sindh Haleem Adil Shaikh on Sunday announced to form a citizens' right body, 'Citizens Action Committee Against KESC Lootmar' to save the Karachiites from the excesses of th

Published 19 Dec, 2011 12:00am

B Com exams from December 24

B.Com annual examination 2011 for the regular candidates of Karachi University would commence from December 24. This was announced by the spokesman of the university on Sunday. He said that a total of 40,366 candidates will appear in this examinations. As

Published 19 Dec, 2011 12:00am

HCCI concerned at gas loadshedding

Hyderabad Chamber of Commerce and Industries (HCCI) has expressed concern over the 24 hours gas loadshedding in the industrial areas of Hyderabad and Jamshoro. In a press release issued here on Sunday, the HCCI president Seth Goharullah said that Sui Sout

Published 19 Dec, 2011 12:00am

Commodities' prices move both ways, as uncertainties dominate world markets

Commodities on the wholesale markets moved both ways during the week ended on December 17, 2011. Generally price trend remained downwards, as uncertainties dominated the world markets.

Published 19 Dec, 2011 12:00am

Possible governmental intervention may distort free cotton market mechanism

Momentum of cotton arrivals is decreasing from last fortnight arrivals. The Pakistan Cotton Ginners' Association (PCGA) has just released their periodical cotton arrival and off-take figures. By the 16th December-11, seed-cotton equivalent of 11.036 milli

Published 19 Dec, 2011 12:00am

Possible governmental intervention may distort free cotton market mechanism

Momentum of cotton arrivals is decreasing from last fortnight arrivals. The Pakistan Cotton Ginners' Association (PCGA) has just released their periodical cotton arrival and off-take figures. By the 16th December-11, seed-cotton equivalent of 11.036 milli

Published 19 Dec, 2011 12:00am

KCA slashes spot rate by Rs 400 during the week; seedcotton, lint prices tend lower on slacken demand

The sowing of Bt cotton increased production despite deluge and sellers seem to be in trouble for not getting good return - spot rate was reduced bt Rs 400 down at Rs 4900 during the week ended on December 17,2011.

Published 19 Dec, 2011 12:00am

KCA slashes spot rate by Rs 400 during the week; seedcotton, lint prices tend lower on slacken demand

The sowing of Bt cotton increased production despite deluge and sellers seem to be in trouble for not getting good return - spot rate was reduced bt Rs 400 down at Rs 4900 during the week ended on December 17,2011.

Published 19 Dec, 2011 12:00am

Kids' leukemia risk tied to dad's smoking

Children whose fathers smoked around the time of their conception have at least a 15 percent higher risk of developing the most common form of childhood cancer, a type of leukemia, according to an Australian study.

Published 19 Dec, 2011 12:00am

655,000 malaria deaths in 2010: WHO

Malaria caused the death of an estimated 655,000 people last year, with 86 percent of victims children aged under five, World Health Organisation figures showed on December 13. The figure marked a five percent drop in deaths from 2009. Africa accounted fo

Published 19 Dec, 2011 12:00am

New telescope captures 'starburst' galaxy

Europe's state-of-the-art Very Large Telescope (VLT) in Paranal, Chile has captured some of the most detailed images ever taken of a spiral galaxy, scientists said on December 16. The Silver Coin Galaxy, known to scientists as NGC 253, gleams about 11.5 m

Published 19 Dec, 2011 12:00am

Stem cells used to produce blood platelets

Scientists have for the first time created blood platelet cells by reprogramming stem cells derived from adult cells, offering the potential for a renewable supply of the fragile blood component.

Published 19 Dec, 2011 12:00am

Brain stimulation may help some stroke patients

Treating stroke patients who have lost control and awareness of one side of their body with magnetic stimulation to the brain may improve their symptoms, researchers said.

Published 19 Dec, 2011 12:00am

Extra walking does not improve muscle strength

Women who walk at least 10,000 steps a day have no greater muscle strength and perform no better on tests of balance and agility than women who walk fewer than 7,500 steps, according to a new study. Researchers did find, however, that extra walking each d

Published 19 Dec, 2011 12:00am

Japan's Sony generates power from paper

Japanese electronics giant Sony on December 15 revealed technology that generates electricity from shredded paper. As an environmental products fair opened in Tokyo, Sony invited children to put paper into a mixture of water and enzymes, shake it up and w

Published 19 Dec, 2011 12:00am

Mac App Store downloads top 100 million

Apple on December 12 said that more than 100 million mini-programmes tailored for Macintosh computers have been downloaded from the Mac App Store since it opened at the start of the year. The Cupertino, California-based firm launched the online shop in ea

Published 19 Dec, 2011 12:00am

Chrome overtakes IE8 for top browser spot

The reign of Microsoft's Internet Explorer as the world's top web browser is fading. According to web tracking firm StaCounter, Google's Chrome 15 became the world's most popular browser in the last week of November when 23.6 percent of browsers tracked b

Published 19 Dec, 2011 12:00am

More than 100 million EU citizens never surfed web

Almost a quarter of the European Union's 500 million people have never used the Internet and there is a widening division between the web-savvy north of Europe and the poorer south and east, figures released on December 14 showed.

Published 19 Dec, 2011 12:00am

Steve Jobs biography Amazon's top seller for 2011

A biography of the late Apple co-founder Steve Jobs was Amazon's best-selling book this year despite hitting store shelves and electronic readers only in late October, Amazon said on December 12.

Published 19 Dec, 2011 12:00am

International groups want off Internet name expansion

The United Nations, the International Monetary Fund and 26 other international organisations are pressing the keepers of the Internet to prevent addresses like ".un" or ".imf" from being taken by cybersquatters in an upcoming expansion of domain names.

Published 19 Dec, 2011 12:00am

Kindle Fire software update on the way

Amazon said on December 12 that a software update to improve the performance of Kindle Fire tablets will be released within two weeks. The Seattle-based online retail titan sidestepped whether the upgrade was a response to complaints such as Internet brow

Published 19 Dec, 2011 12:00am

Intel alliance will let chips chat at close range

Intel and INSIDE Secure late on December 13 unveiled an alliance which will enable the US chip colossus to make processors that let mobile gadgets act as wallets, tickets, car finders and more. An agreement between the firms gives Intel access to software

Published 19 Dec, 2011 12:00am

California unveils cyber crime unit

California has a new eCrime Unit devoted to catching and prosecuting Internet Age crooks. State attorney general Kamala Harris created the team, which is comprised of 20 attorneys and investigators specialising in identity theft and cyber crime.

Published 19 Dec, 2011 12:00am

Facebook rolls out 'Timeline' feature to all users

Facebook on December 15 began transforming profile pages into interactive digital scrapbooks that let members of the world's leading online social network tell the stories of their lives. The "Timeline" feature being rolled out by Facebook was unveiled at

Published 19 Dec, 2011 12:00am

Invisible computing comes to Asia tech expo

A robotic cook, a colouring book that comes to virtual life and movies that read your mind are some of the innovations on show at a cutting-edge computer technology exhibition in Hong Kong last week.

Published 19 Dec, 2011 12:00am

Create your own QR codes

QR codes offer the possibility to add a website link or email address to a poster, flyer or invitation. They serve as a link between the offline and online worlds. The graphic can be scanned with a smartphone, allowing free reader apps to lead the user to

Published 19 Dec, 2011 12:00am

New Intel unit focused on tablets, smartphones

Intel on December 14 formed a new unit devoted to making chips for smartphones and tablets that have become must-have gadgets in a post personal computer age. Four units were combined into a Mobile and Communications Group headed by Hermann Eul and Mike B

Published 19 Dec, 2011 12:00am

Intel lowers outlook on disk drive shortage

US computer chip giant Intel lowered its fourth-quarter outlook on December 12, citing a hard disk drive shortage caused by flooding in Thailand. Intel said it expected revenue of between $13.4 billion and $14 billion in the fourth quarter, down from its

Published 19 Dec, 2011 12:00am

World Bank launches 'Apps for Climate' competition

Software developers and development practitioners are being brought together by an "Apps for Climate" competition launched by the World Bank. The competition, launched at the Durban climate conference, is asking entrants to use open data to create innovat

Published 19 Dec, 2011 12:00am

Commerzbank determined to raise funds without state

German lender Commerzbank AG remains hopeful it can avoid taking state funds as it seeks to plug a 5.3 billion euro ($6.9 billion) gap in its balance sheet, its chief executive told Reuters in an interview.

Published 19 Dec, 2011 12:00am

Reliance eyes energy targets in Americas

Reliance Industries, India's most valuable listed company, is scouting for oil investments in the Americas as it looks to increase the stake of crude production it owns to feed its refinery, the world's largest, a senior executive said.

Published 19 Dec, 2011 12:00am

GM invests in Canadian plant

General Motors announced on December 17 a Can$68 million ($65.5 million) investment in an Oshawa assembly plant assigned to share building of its next-generation Chevrolet Impala car. The plant had already received a Can$117 million ($112.8 million) infus

Published 19 Dec, 2011 12:00am

Credit Agricole to cut 2,350 jobs

Credit Agricole is to cut 2,350 jobs, primarily in investment banking, a union source told Reuters on December 14, as the French bank slashes costs and ploughs ahead with a back-to-basics strategy sped up by the eurozone debt crisis.

Published 19 Dec, 2011 12:00am

Credit Suisse suggests diverse portfolio

Swiss bank Credit Suisse recommends a diversified portfolio and tactical add-ons to generate returns in a challenging environment next year, the chief investment officer of its asset management and private banking business said in an interview.

Published 19 Dec, 2011 12:00am

S&P's downgrades 10 Spanish banks

Standard and Poor's downgraded on December 15 the credit rating of 10 Spanish banks after applying new criteria, and warned it may lower their short-term scores further. The 10 banks had their ratings lowered and remained in "creditwatch with negative imp

Published 19 Dec, 2011 12:00am

Asia's new clearing houses risk sitting idle

Money being poured into central clearing houses for derivatives in Asia may be headed down the drain, with banks and brokers unwilling to sign up due to the costs and complexities involved. Exchanges across Asia, encouraged by the regulators, have embarke

Published 19 Dec, 2011 12:00am

Emerging borrowers face rollover risk, default threat in 2012

Scarce dollar funding and a retrenchment in bank lending will force up premiums for emerging market countries and companies refinancing debt next year, adding to strains on public finances and potentially triggering a surge in corporate defaults.

Published 19 Dec, 2011 12:00am

Derby win takes Juventus back to Serie A summit

Juventus returned to the top of Serie A following a 2-0 victory at home to Novara on Sunday, while Inter Milan's revival continued as they won 1-0 at Cesena to climb to fifth place. Juve's win enabled them to leapfrog AC Milan, who had taken over at the t

Published 19 Dec, 2011 12:00am

Man United back on top

Wayne Rooney took just 52 seconds to find the net as champions Manchester United knocked Manchester City off the top of the Premier League, for a few hours at least, with a 2-0 win at Queens Park Rangers on Sunday. The England striker grabbed his 12th lea

Published 19 Dec, 2011 12:00am

Barcelona win Club World Cup

Lionel Messi scored two wonder goals as European champions Barcelona ripped apart Brazil's Santos 4-0 to win their second Club World Cup in swashbuckling style on Sunday. "My players were like artists," purred Barca coach Pep Guardiola. "Whatever they env

Published 19 Dec, 2011 12:00am

PCB chief hopes Bangladesh will tour in April

Pakistan's cricket chief said on Sunday he hoped the Bangladesh cricket team would tour the country, after the 2009 attacks on Sri Lanka's side brought international visits to a standstill. The comments from Zaka Ashraf came after a meeting with his Bangl

Published 19 Dec, 2011 12:00am

Westwood captures Thai title with 'best ever' display

Former world number one Lee Westwood surged to a seven shot victory at the Thailand Golf Championship on the back of the "best golf" of his stellar career on Sunday. The Briton capped off another sparkling performance with his third win in Asia this seaso

Published 19 Dec, 2011 12:00am

China's Lin wins first 'Super Grand Slam'

Chinese ace Lin Dan claimed the World Superseries Finals title on Sunday, defeating his compatriot Chen Long in less than an hour, 21-12, 21-16. The rapid victory gave "Super Dan" badminton's first-ever "Super Grand Slam", with the 28-year-old Chinese pin

Published 19 Dec, 2011 12:00am

Chaudhry Sports beat Golden Eagles

Chaudhry Sports beats Golden Eagles by 7 wickets in the 3rd SPM Lahore Veteran Cricket League on Saturday here at Model Town White Cricket Ground.

Published 19 Dec, 2011 12:00am

Pakistani Test cricketers blocked from playing in Bangladesh league

Pakistan cricket players have been refused permission to play in a Bangladesh 50-over league by Pakistan Cricket Board (PCB) in order to concentrate on next month's Test series against England in Dubai and Abu Dhabi.

Published 19 Dec, 2011 12:00am

Taufeeq steadies Pakistan

Taufeeq Umar closed in on a second successive half-century to steady Pakistan on the second day of the second and final Test against Bangladesh in Dhaka on Sunday. The left-handed opener, who scored 61 in the opening Test in Chittagong, was unbeaten on 44

Published 19 Dec, 2011 12:00am

Home prices in most Chinese cities fall

Home prices in most major Chinese cities fell in November from the previous month, official data showed Sunday, as government efforts to cool the red-hot property market prove effective. The figures add to mounting evidence that the world's second largest

Published 19 Dec, 2011 12:00am

Egypt annuls 1990s deal to sell state company

An Egyptian administrative court has ruled that the sale of a state-owned company more than 13 years ago was null and void, sparking fears that ownership of a large number of firms on the bourse may be in doubt, traders said on Sunday.

Published 19 Dec, 2011 12:00am

China to keep 'appropriate' investment growth

China will keep "appropriate" investment growth in 2012 to help underpin the economy amid the global downturn, the country's top economic planner said in comments published on Sunday. "The key to maintain steady and relatively fast economic growth is expa

Published 19 Dec, 2011 12:00am

India targets hunger with huge food subsidy plan

India's cabinet agreed on Sunday to tackle widespread malnutrition with food subsidies for two-thirds of the country's 1.2 billion population, a move that may shore up support for the government but carries risks for the faltering economy.

Published 19 Dec, 2011 12:00am

Credit Suisse to cut bonus pool, combine units

Credit Suisse will cut its bonus pool by 40 percent and is combining two units in a bid to cut costs, the newspaper Der Sonntag reported, in the wake of poor investment banking performance and an increased regulatory burden.

Published 19 Dec, 2011 12:00am

Over 50 'Occupy' protesters arrested in New York

More than 50 anti-Wall Street protesters were arrested on Saturday after they tried to climb over a chain-link fence around a church parking lot in a bid to establish a new encampment. The demonstrators had used a wooden ladder to scale a chain-link fence

Published 19 Dec, 2011 12:00am

Britain seeks to calm economic war of words with France

British Deputy Prime Minister Nick Clegg sought Sunday to draw a line under a row with France over the state of their economies, insisting co-operation was vital to end the eurozone crisis. Clegg, leader of the europhile Liberal Democrats, also insisted B

Published 19 Dec, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Gold 10 Grams PKR / Sep 19	230,195
Crude Oil USD/Barrel / Sep 20	71.80
Karachi Cotton PKR/37.32 KG / Sep 20	18,935
Gold Spot USD/Ounce / Sep 20	2,599.47
Cotton US¢/pound / Sep 20	73.42
Petrol/Litre / Sep 21	249.10

Stock	Price
786 Invest Ltd / Sep 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 21 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 21 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 21 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 21 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 21 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 21 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 21 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 21 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 21 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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