News Archives for Print - 2011-12-26

Daughter of Rafsanjani on trial

The daughter of Iranian former president Akbar Hashemi Rafsanjani is standing trial on charges of making anti-regime propaganda, her laywer was quoted as saying on Sunday after a closed hearing.

Published 26 Dec, 2011 12:00am

Daughter of Rafsanjani on trial

The daughter of Iranian former president Akbar Hashemi Rafsanjani is standing trial on charges of making anti-regime propaganda, her laywer was quoted as saying on Sunday after a closed hearing.

Published 26 Dec, 2011 12:00am

8-10 hours'' loadshedding from today

The country will brace 8 to 10 hours loadshedding from Monday as the hydro-power generation will sharply fall with the month-long closure of canals across the country, power sector sources told Business Recorder here on Sunday.

Published 26 Dec, 2011 12:00am

8-10 hours' loadshedding from today

The country will brace 8 to 10 hours loadshedding from Monday as the hydro-power generation will sharply fall with the month-long closure of canals across the country, power sector sources told Business Recorder here on Sunday.

Published 26 Dec, 2011 12:00am

8-10 hours' loadshedding from today

The country will brace 8 to 10 hours loadshedding from Monday as the hydro-power generation will sharply fall with the month-long closure of canals across the country, power sector sources told Business Recorder here on Sunday.

Published 26 Dec, 2011 12:00am

Three Indian police die in IHK barracks shooting

Three Indian federal police are dead and another was injured following a shooting at a barracks in held Kashmir, an official said Sunday. The fatal incident happened late Saturday evening inside the Central Reserve Police Force (CRPF) camp in the Himalaya

Published 26 Dec, 2011 12:00am

Three Indian police die in IHK barracks shooting

Three Indian federal police are dead and another was injured following a shooting at a barracks in held Kashmir, an official said Sunday. The fatal incident happened late Saturday evening inside the Central Reserve Police Force (CRPF) camp in the Himalaya

Published 26 Dec, 2011 12:00am

22 feared dead in Indian boat capsize: report

Up to 22 people were feared dead after a boat capsized Sunday on a lake in the southern Indian state of Tamil Nadu, reports said. The Press Trust of India said 25 people were on board the boat which was taking a scenic tour of the lake about 60 kilometers

Published 26 Dec, 2011 12:00am

22 feared dead in Indian boat capsize: report

Up to 22 people were feared dead after a boat capsized Sunday on a lake in the southern Indian state of Tamil Nadu, reports said. The Press Trust of India said 25 people were on board the boat which was taking a scenic tour of the lake about 60 kilometers

Published 26 Dec, 2011 12:00am

US urges dialogue over Iraqi crisis

US Vice President Joe Biden spoke by telephone on Sunday with Iraqi Prime Minister Nuri al-Maliki about violence in Baghdad and a political crisis that has erupted in the week since the last American troops left Iraq.

Published 26 Dec, 2011 12:00am

US urges dialogue over Iraqi crisis

US Vice President Joe Biden spoke by telephone on Sunday with Iraqi Prime Minister Nuri al-Maliki about violence in Baghdad and a political crisis that has erupted in the week since the last American troops left Iraq.

Published 26 Dec, 2011 12:00am

Correction

The Trading Corporation of Pakistan has finalised deals for procurement of 20,000 tons of sugar from local sugar mills not 200,000 as carried by Business Recorder on December 25 issue due to a typo error. So far offers of two lowest bidders have be

Published 26 Dec, 2011 12:00am

Correction

The Trading Corporation of Pakistan has finalised deals for procurement of 20,000 tons of sugar from local sugar mills not 200,000 as carried by Business Recorder on December 25 issue due to a typo error. So far offers of two lowest bidders have be

Published 26 Dec, 2011 12:00am

Correction

The Trading Corporation of Pakistan has finalised deals for procurement of 20,000 tons of sugar from local sugar mills not 200,000 as carried by Business Recorder on December 25 issue due to a typo error. So far offers of two lowest bidders have be

Published 26 Dec, 2011 12:00am

Saudi Arabia to let foreign carriers fly domestic routes

Saudi Arabia will soon allow foreign airlines to fly domestic routes, its aviation regulator said on Sunday, opening the market beyond state-owned Saudi Arabian Airlines (Saudia) and private National Air Services, which struggled to meet demand.

Published 26 Dec, 2011 12:00am

Saudi Arabia to let foreign carriers fly domestic routes

Saudi Arabia will soon allow foreign airlines to fly domestic routes, its aviation regulator said on Sunday, opening the market beyond state-owned Saudi Arabian Airlines (Saudia) and private National Air Services, which struggled to meet demand.

Published 26 Dec, 2011 12:00am

Saudi Arabia to let foreign carriers fly domestic routes

Saudi Arabia will soon allow foreign airlines to fly domestic routes, its aviation regulator said on Sunday, opening the market beyond state-owned Saudi Arabian Airlines (Saudia) and private National Air Services, which struggled to meet demand.

Published 26 Dec, 2011 12:00am

Anonymous hacks US security firm Stratfor

Online "hacktivist" group Anonymous claimed Sunday it had stolen a trove of emails and credit card information from US-based security firm Stratfor's clients, and vowed additional attacks.

Published 26 Dec, 2011 12:00am

Anonymous hacks US security firm Stratfor

Online "hacktivist" group Anonymous claimed Sunday it had stolen a trove of emails and credit card information from US-based security firm Stratfor's clients, and vowed additional attacks.

Published 26 Dec, 2011 12:00am

Saudi jet makes emergency belly landing in Karachi

A Saudi Arabian chartered jet made an emergency belly landing at Karachi Airport on Sunday after one of its nose wheels jammed, a civil aviation spokesman said. The MD-83 Saudi plane, carrying 72 passengers and crew members, was en route from the northern

Published 26 Dec, 2011 12:00am

Saudi jet makes emergency belly landing in Karachi

A Saudi Arabian chartered jet made an emergency belly landing at Karachi Airport on Sunday after one of its nose wheels jammed, a civil aviation spokesman said. The MD-83 Saudi plane, carrying 72 passengers and crew members, was en route from the northern

Published 26 Dec, 2011 12:00am

Sudan army kills Darfur rebel leader

A key rebel movement from Sudan's Darfur region vowed to press on with its agenda for national reform on Sunday after confirming that government forces had killed their leader.

Published 26 Dec, 2011 12:00am

Debt crisis: IMF urges Europeans to speak with one voice

The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system. In Nigeria last week, IMF Christine Lagarde said the IMF''s 4 perce

Published 26 Dec, 2011 12:00am

Debt crisis: IMF urges Europeans to speak with one voice

The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system. In Nigeria last week, IMF Christine Lagarde said the IMF's 4 percen

Published 26 Dec, 2011 12:00am

Debt crisis: IMF urges Europeans to speak with one voice

The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system. In Nigeria last week, IMF Christine Lagarde said the IMF's 4 percen

Published 26 Dec, 2011 12:00am

Futures open interest down 1.6 percent

The total open interest position during the week ended on December 23, 2011 declined by Rs 22 million or -1.6 percent on week-on-week basis to Rs 1.4 billion. The futures spreads, on the other hand, increased by 700bps to 24.4 percent.

Published 26 Dec, 2011 12:00am

Futures open interest down 1.6 percent

The total open interest position during the week ended on December 23, 2011 declined by Rs 22 million or -1.6 percent on week-on-week basis to Rs 1.4 billion. The futures spreads, on the other hand, increased by 700bps to 24.4 percent.

Published 26 Dec, 2011 12:00am

Futures open interest down 1.6 percent

The total open interest position during the week ended on December 23, 2011 declined by Rs 22 million or -1.6 percent on week-on-week basis to Rs 1.4 billion. The futures spreads, on the other hand, increased by 700bps to 24.4 percent.

Published 26 Dec, 2011 12:00am

Futures open interest down 1.6 percent

The total open interest position during the week ended on December 23, 2011 declined by Rs 22 million or -1.6 percent on week-on-week basis to Rs 1.4 billion. The futures spreads, on the other hand, increased by 700bps to 24.4 percent.

Published 26 Dec, 2011 12:00am

Index gains 273 points

The KSE-100 index gained 272.95 points, or 2.5 percent, during the week ended on December 23, 2011 and closed at 11,301.09 points on the back of investors'' interest, on dips, mainly in fertiliser and banking sector stocks.

Published 26 Dec, 2011 12:00am

Index gains 273 points

The KSE-100 index gained 272.95 points, or 2.5 percent, during the week ended on December 23, 2011 and closed at 11,301.09 points on the back of investors' interest, on dips, mainly in fertiliser and banking sector stocks.

Published 26 Dec, 2011 12:00am

Index gains 273 points

The KSE-100 index gained 272.95 points, or 2.5 percent, during the week ended on December 23, 2011 and closed at 11,301.09 points on the back of investors' interest, on dips, mainly in fertiliser and banking sector stocks.

Published 26 Dec, 2011 12:00am

FBR to give tax relief to PIA

The Federal Board of Revenue (FBR) has decided to give a major tax concession, under Income Tax Ordinance 2001, to Pakistan International Airlines (PIA) to help it come out of the current financial crisis.

Published 26 Dec, 2011 12:00am

FBR to give tax relief to PIA

The Federal Board of Revenue (FBR) has decided to give a major tax concession, under Income Tax Ordinance 2001, to Pakistan International Airlines (PIA) to help it come out of the current financial crisis.

Published 26 Dec, 2011 12:00am

FBR to give tax relief to PIA

The Federal Board of Revenue (FBR) has decided to give a major tax concession, under Income Tax Ordinance 2001, to Pakistan International Airlines (PIA) to help it come out of the current financial crisis.

Published 26 Dec, 2011 12:00am

Dewan Petroleum on verge of collapse

Dewan Petroleum is on the verge of financial collapse with $30 million default to International Finance Corporation (IFC) due to low gas production price offered by the government of Pakistan. "Dewan Petroleum has repaid $10 million to IFC while from Octo

Published 26 Dec, 2011 12:00am

Dewan Petroleum on verge of collapse

Dewan Petroleum is on the verge of financial collapse with $30 million default to International Finance Corporation (IFC) due to low gas production price offered by the government of Pakistan. "Dewan Petroleum has repaid $10 million to IFC while from Octo

Published 26 Dec, 2011 12:00am

Dewan Petroleum on verge of collapse

Dewan Petroleum is on the verge of financial collapse with $30 million default to International Finance Corporation (IFC) due to low gas production price offered by the government of Pakistan. "Dewan Petroleum has repaid $10 million to IFC while from Octo

Published 26 Dec, 2011 12:00am

Kazmi appointed NIB Bank president

Badar Kazmi has been appointed President of NIB Bank in Pakistan by Tamasek Holdings of Singapore. The Singaporean government-owned investment arm had invested in NIB and later purchased now defunct PICIC Commercial Bank to shoot up to seventh position in

Published 26 Dec, 2011 12:00am

Kazmi appointed NIB Bank president

Badar Kazmi has been appointed President of NIB Bank in Pakistan by Tamasek Holdings of Singapore. The Singaporean government-owned investment arm had invested in NIB and later purchased now defunct PICIC Commercial Bank to shoot up to seventh position in

Published 26 Dec, 2011 12:00am

Kazmi appointed NIB Bank president

Badar Kazmi has been appointed President of NIB Bank in Pakistan by Tamasek Holdings of Singapore. The Singaporean government-owned investment arm had invested in NIB and later purchased now defunct PICIC Commercial Bank to shoot up to seventh position in

Published 26 Dec, 2011 12:00am

Centre, Punjab owe Mepco over Rs 16 billion

Federal and Punjab governments are the two major defaulters of Multan Electric Power Company (Mepco) whose receivables of the company increased from Rs13.281 billion to Rs16.233 billion during four months of the current fiscal year.

Published 26 Dec, 2011 12:00am

Centre, Punjab owe Mepco over Rs 16 billion

Federal and Punjab governments are the two major defaulters of Multan Electric Power Company (Mepco) whose receivables of the company increased from Rs13.281 billion to Rs16.233 billion during four months of the current fiscal year.

Published 26 Dec, 2011 12:00am

Centre, Punjab owe Mepco over Rs 16 billion

Federal and Punjab governments are the two major defaulters of Multan Electric Power Company (Mepco) whose receivables of the company increased from Rs13.281 billion to Rs16.233 billion during four months of the current fiscal year.

Published 26 Dec, 2011 12:00am

Gilani rejects Firdous' resignation

Federal Information Minister Firdous Ashiq Awan on Sunday tendered her resignation during federal cabinet's meeting held at Governor House here. However, her resignation was turned down by the prime minister and asked her to continue as federal informatio

Published 26 Dec, 2011 12:00am

Gilani rejects Firdous' resignation

Federal Information Minister Firdous Ashiq Awan on Sunday tendered her resignation during federal cabinet's meeting held at Governor House here. However, her resignation was turned down by the prime minister and asked her to continue as federal informatio

Published 26 Dec, 2011 12:00am

Energy crisis, PIA, PR, PSM transformation: Prime Minister sets up task force under Hafeez

Prime Minister Yousuf Raza Gilani on Sunday formed a task force to address the issue of energy crisis in the country and for the transformation of public sector entities, including PIA, Pakistan Railways and Pakistan Steel Mills.

Published 26 Dec, 2011 12:00am

Energy crisis, PIA, PR, PSM transformation: Prime Minister sets up task force under Hafeez

Prime Minister Yousuf Raza Gilani on Sunday formed a task force to address the issue of energy crisis in the country and for the transformation of public sector entities, including PIA, Pakistan Railways and Pakistan Steel Mills.

Published 26 Dec, 2011 12:00am

Energy crisis, PIA, PR, PSM transformation: Prime Minister sets up task force under Hafeez

Prime Minister Yousuf Raza Gilani on Sunday formed a task force to address the issue of energy crisis in the country and for the transformation of public sector entities, including PIA, Pakistan Railways and Pakistan Steel Mills.

Published 26 Dec, 2011 12:00am

THE RUPEE: SBP move plays key role

As a result of latest move by the State Bank of Pakistan (SBP) to revise the forward cover rules, the rupee came out of the woods during the week ended on December 24, 2011. In the interbank dealings, the rupee rose by 43 paisa versus dollar for buying at

Published 26 Dec, 2011 12:00am

THE RUPEE: SBP move plays key role

As a result of latest move by the State Bank of Pakistan (SBP) to revise the forward cover rules, the rupee came out of the woods during the week ended on December 24, 2011. In the interbank dealings, the rupee rose by 43 paisa versus dollar for buying at

Published 26 Dec, 2011 12:00am

Christmas bombs at churches kill 35 in Nigeria

Bomb attacks on churches during Christmas services and a suicide blast killed at least 35 people in Nigeria on Sunday amid spiralling violence claimed by Islamists. A purported spokesman for Islamist group Boko Haram claimed responsibility for a bombing o

Published 26 Dec, 2011 12:00am

Christmas bombs at churches kill 35 in Nigeria

Bomb attacks on churches during Christmas services and a suicide blast killed at least 35 people in Nigeria on Sunday amid spiralling violence claimed by Islamists. A purported spokesman for Islamist group Boko Haram claimed responsibility for a bombing o

Published 26 Dec, 2011 12:00am

Afghan MP among 20 killed in suicide blast

A suicide bomber killed at least 20 people, including a member of parliament, and wounded 50 in Afghanistan's northern city of Taloqan on Sunday, police said, the latest in a series of attacks in a once-peaceful region. The attack occurred while prayers w

Published 26 Dec, 2011 12:00am

Afghan MP among 20 killed in suicide blast

A suicide bomber killed at least 20 people, including a member of parliament, and wounded 50 in Afghanistan's northern city of Taloqan on Sunday, police said, the latest in a series of attacks in a once-peaceful region. The attack occurred while prayers w

Published 26 Dec, 2011 12:00am

PPP MNA Sardar Aseff joins PTI

Pakistan People's Party (PPP) MNA and former education minister Sardar Aseff Ahmed Ali has announced joining Pakistan Tehreek-e-Insaf (PTI), saying that he was disappointed by the party leadership. Confirming Imran Khan's claim that he has decided to join

Published 26 Dec, 2011 12:00am

PPP MNA Sardar Aseff joins PTI

Pakistan People's Party (PPP) MNA and former education minister Sardar Aseff Ahmed Ali has announced joining Pakistan Tehreek-e-Insaf (PTI), saying that he was disappointed by the party leadership. Confirming Imran Khan's claim that he has decided to join

Published 26 Dec, 2011 12:00am

Imran's 'tsunami' hits country's former capital

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday vowed to eradicate corruption from the country within 90 days after coming into power and apologised to the people of Balochistan for the injustices they were subjected to by the successive rule

Published 26 Dec, 2011 12:00am

Imran's 'tsunami' hits country's former capital

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday vowed to eradicate corruption from the country within 90 days after coming into power and apologised to the people of Balochistan for the injustices they were subjected to by the successive rule

Published 26 Dec, 2011 12:00am

The Weather

The weather report on Sunday (December 25, 2011) and the forecast for Monday (December 26, 2011).

Published 26 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 26 Dec, 2011 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 19 to December 23 2011)

Published 26 Dec, 2011 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 Dec, 2011 12:00am

Christmas celebrated in Lahore

Like rest of the world, the Christians celebrated Christmas with religious fervor in the country, including Punjab's provincial capital city Lahore on Sunday. They Christian community illuminated their homes and churches. Special prayer services were held

Published 26 Dec, 2011 12:00am

Fountain House to set up mental health centres in Punjab

Fountain House, Lahore will set up state-of-the-art mental health treatment and rehabilitation centres in all the divisional headquarters of Punjab. Announcing this, Dr Amjad Saqib, Chairman Management Committee of Fountain House, Lahore said the first th

Published 26 Dec, 2011 12:00am

Courts' winter holidays begin

The local district courts have started observing winter holidays in the city. According to a spokesman of the district courts, all civil and session courts would remain closed in connection with winter holidays up to December 31. During this period, speci

Published 26 Dec, 2011 12:00am

Man burnt to death

A young man was burnt alive in his house in the area of Batala Colony police station on Sunday. According to police, Mehmood (28) of Jhal Chowk turned on a heater to warm the room, but a cloth caught fire from the heater and it engulfed the entire house w

Published 26 Dec, 2011 12:00am

Jinnah Hospital attains 99.5 percent success in heart surgery

The state of the art Cardiac Department of Jinnah Hospital (JH) has attained a 99.50 percent success rate in open heart surgeries, the highest in the country. Medical Superintendent Dr Muhammad Afzal Shaheen told APP on Sunday that "Our cardiac unit has n

Published 26 Dec, 2011 12:00am

Chief minister Punjab inaugurates state-of-the-art slaughter house

Punjab Chief Minister Muhammad Shahbaz Sharif inaugurated on Sunday the state-of-the-art slaughter house completed at a cost of Rs 01 billion in collaboration with Punjab and Iran at Shahpur Kanjran.

Published 26 Dec, 2011 12:00am

Cold wave persists

The Met Office has forecast cold and dry weather with minimum temperature of 9 to 11 degrees centigrade in Karachi on Monday. Cold and dry weather would persist over the region. The highest maximum temperature of 26.0 degrees centigrade was recorded at Ch

Published 26 Dec, 2011 12:00am

Chhipa felicitates Christians

The prominent social worker, Ramzan Chippa, has felicitated the Christian community on the occasion of Christmas, an official of Chhipa Welfare Association said here on Sunday. He called on the Bishop of Karachi Everest Pinto and Father Peter of St. Patri

Published 26 Dec, 2011 12:00am

Christmas celebrated in Hyderabad

The Christian community of Hyderabad celebrated Christmas celebration here with religious fervour in all the churches across the city in addition to programmes organised privately. A large number of men, women and children attended the Christmas Carol at

Published 26 Dec, 2011 12:00am

Man gunned down in Orangi Town

A man was shot dead in Orangi Town here on Sunday, Chhipa sources said. They said that unknown assailants opened fire on a man in his early forties at roundabout Khyber and fled. He died on the spot. The body was shifted to Abbasi Shaheed Hospital for pos

Published 26 Dec, 2011 12:00am

Governor and chief minister Sindh call on Prime Minister

Governor Sindh Dr Ishrat-ul-Ebad Khan and Chief Minister Sindh Syed Qaim Ali Shah called on Prime Minister Syed Yousuf Raza Gilani here on Saturday night soon after his arrival at Karachi.

Published 26 Dec, 2011 12:00am

We are ready for 3G; will be offering a full range of services, says Lars Christian, CEO, Telenor Pakistan

BR Research recently sat down with Lars Christian, the recently-appointed CEO of Telenor Pakistan, to discuss telecommunication-related issues in Pakistan. Prior to this, Lars was the head of Marketing at Telenor Group's Asia office in Bangkok. He has als

Published 26 Dec, 2011 12:00am

We are ready for 3G; will be offering a full range of services, says Lars Christian, CEO, Telenor Pakistan

BR Research recently sat down with Lars Christian, the recently-appointed CEO of Telenor Pakistan, to discuss telecommunication-related issues in Pakistan. Prior to this, Lars was the head of Marketing at Telenor Group's Asia office in Bangkok. He has als

Published 26 Dec, 2011 12:00am

The talk-show anchors

The electronic media in Pakistan grew in recent years. In this rapid progress the TV talk shows became the focus of public interest surpassing entertainment programmes. The fast growth did not give time to the proprietors of the channels to train the TV a

Published 26 Dec, 2011 12:00am

Hard-up German pensioners forced back to work

Germany, as Europe's top economy, may be seen as the land of plenty but its senior citizens are increasingly being forced to take a part-time job in their twilight years just to make ends meet. With more inhabitants over the age of 65 than any of its Euro

Published 26 Dec, 2011 12:00am

Government has no business to be in business - II

Pakistan International Airlines (PIA) has reportedly suffered a loss of Rs 5.4 billion for the year 2009 with an accumulated loss of Rs 43.4 billion during the last two years. Far from restructuring and reorganising the surplus staff, PIA confirmed thousa

Published 26 Dec, 2011 12:00am

Whither the wind will blow! Some thoughts

Political activity is once again focused on the President and questions are yet again being asked whether the minus one formula will succeed. This, no doubt, accounts for the technically correct but unrealistic statement by Prime Minister Gilani that it i

Published 26 Dec, 2011 12:00am

US investigation report a mere eyewash

The US military's much hyped inquiry report is out regarding the November 26 attack on two Pakistani border posts that killed 24 soldiers. As expected, no one is held responsible; instead the report blames "inadequate co-ordination by US and Pakistan mili

Published 26 Dec, 2011 12:00am

Revision in forward cover rules

The State Bank's decision on 21st December 2011 to revise the terms of forward cover facility provided to the importers would not be surprising for those who have been watching the behaviour of the rupee, both in the spot and forward markets, closely and

Published 26 Dec, 2011 12:00am

Five Afghans die after drinking methanol

Five people died and 10 others were hospitalised after drinking methanol at an engagement party in Kabul, the capital of staunchly conservative Afghanistan, the interior ministry said on Sunday.

Published 26 Dec, 2011 12:00am

Israeli Prime Minister vows to stop harassment by Jewish zealots

Prime Minister Benjamin Netanyahu stepped up pledges to curb Jewish zealotry in Israel on Sunday after an 8-year-old girl complained of being menaced by ultra-Orthodox men who deemed her dress immodest.

Published 26 Dec, 2011 12:00am

School bus mishap kills at least seven in China

At least seven people including five students were killed in south-west China after an overloaded mini van plunged into a valley, state news agency Xinhua said on Sunday, the latest in a series of accidents that have sparked public outrage.

Published 26 Dec, 2011 12:00am

Wild Christmas weather hits Australia

Wild weather battered Australia Sunday, with a tropical cyclone closing in on the north as tornadoes and thunderstorms brought hail in the south and huge swells forced the closure of popular beaches.

Published 26 Dec, 2011 12:00am

Iran rejects US allegation on al Qaeda operative

Iran rejected as "completely baseless" US allegations that it was harbouring an al Qaeda member who is accused of operating as a facilitator and financier for the group from the Islamic Republic, the semi-official Fars news agency reported on Sunday.

Published 26 Dec, 2011 12:00am

100 injured by fireworks in Argentina

More than 100 people were taken to hospital in Argentina's capital, some with serious burns and eye injuries, after they were hurt by Christmas fireworks, medical officials said Sunday. "We had a 20 percent increase over last year, with 57 patients admitt

Published 26 Dec, 2011 12:00am

North Korea says South's stance may be 'catastrophic'

North Korea on Sunday lashed out at South Korea for a perceived lack of respect towards Kim Jong-Il, as it reported more scenes of mass grieving in the isolated communiist state for the late leader Saying the whole world is in mourning for "a peerlessly g

Published 26 Dec, 2011 12:00am

UK's ailing Prince Philip misses royal Christmas

Queen Elizabeth's 90-year-old husband spent Christmas Day in a hospital bed after successful surgery to clear a blocked heart artery, missing the royal family's celebrations at its rural Sandringham estate in eastern England.

Published 26 Dec, 2011 12:00am

India's cold wave death toll surges to 128

At least 128 people have died during a two-week-long cold spell sweeping across northern and eastern India, news reports said Sunday. Most of the deaths occurred in Uttar Pradesh, India's most populous state, the CNN-IBN network reported. Previous reports

Published 26 Dec, 2011 12:00am

Military Wives tops UK Christmas singles chart

A choir of wives of soldiers serving in Afghanistan topped the British singles charts on Sunday, beating X Factor winners Little Mix to the Christmas No 1 spot and outselling the rest of the top 12 put together.

Published 26 Dec, 2011 12:00am

Greek monk accused of money laundering arrested

A Greek monk accused of money laundering and embezzlement in connection with a land swap deal was placed under house arrests in his cell at the Vatopedi Monastery at Mount Athos, radio reports said Sunday. Abbot Ephraim was taken into police custody on th

Published 26 Dec, 2011 12:00am

Japan to ask Myanmar to join bilateral pact

Japan's foreign minister will suggest that Myanmar enter negotiations on a bilateral investment accord when he holds talks with the country's top officials next week, Kyodo News reported on Sunday. The talks would mark another step as Myanmar gradually re

Published 26 Dec, 2011 12:00am

High waves hit Thailand on eve of tsunami anniversary

Waves measuring up to 5 metres high hit Thailand's Chumphon province Sunday, inundating beach-front properties but claiming no victims, residents said. The cause of the high waves was not immediately known.

Published 26 Dec, 2011 12:00am

US man slain in Philippine robbery

A retired American Marine living in the Philippines was killed during a home invasion on Christmas Eve, police said Sunday. James Thomas Kakara, 61, was bludgeoned to death Saturday while he was alone at his home in Tagaytay, an upscale community near Man

Published 26 Dec, 2011 12:00am

Sea Shepherd uses drone to locate Japanese whaling fleet

Activist group Sea Shepherd said Sunday it had located the Japanese whaling fleet in the Southern Ocean with the help of a military-style drone aircraft. The drone was launched from the Steve Irwin, one of three vessels that sailed from Australia this mon

Published 26 Dec, 2011 12:00am

Moldovan rebel region votes in presidential run-off

Moldova's breakaway Transdniestria region voted on Sunday in the second round of a presidential election that pits a popular politician against a candidate backed by Russia. Parliament member Yevgeny Shevchuk received 38.5 percent of the vote in the first

Published 26 Dec, 2011 12:00am

Some essential commodities' prices rise due to lack of buying interest

Some essential items including wheat prices rose, while other items remained weak on the commodities wholesale markets during the week ended on December 24, 2011.

Published 26 Dec, 2011 12:00am

Industrialists meet AIG Karachi

A delegation of North Karachi Association of Trade and Industries met Additional Inspector General (AIG) Karachi Akhter Hussain Gorchani here in his office on Sunday. The delegation, comprising of ten members and led by Faraz Mirza informed the AIG about

Published 26 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	143.85
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 20	5,702.55
India Sensex / Sep 20	83,184.80
Tokyo Nikkei / Sep 20	37,723.91
Nasdaq / Sep 20	17,948.32
Hang Seng / Sep 20	18,258.57
FTSE 100 / Sep 20	8,229.99
Dow Jones / Sep 20	42,063.36
Germany DAX 30 / Sep 20	18,720.01

Item	Value
Crude Oil USD/Barrel / Sep 20	71.92
Gold Spot USD/Ounce / Sep 20	2,621.88
Cotton US¢/pound / Sep 20	73.52
Petrol/Litre / Sep 21	249.10
Karachi Cotton PKR/37.32 KG / Sep 21	18,935
Gold 10 Grams PKR / Sep 21	233,625

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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