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Print - 2012-01-01
Britain will not reduce Games to 'austerity Olympics'

Britain will not reduce Games to 'austerity Olympics'

Britain will not reduce the London Games to an "austerity Olympics", but instead try to use the event to kick-start the flagging economy in 2012, the minister responsible said Saturday. Jeremy Hunt, the Olympics secretary, told The Daily Telegraph newspap
Published 01 Jan, 2012 12:00am
Singapore's 2011 growth lower than forecast: Prime Minister

Singapore's 2011 growth lower than forecast: Prime Minister

Singapore's full-year growth for 2011 fell short of previous estimates amid persistent European debt worries and an "uncertain" economic climate, prime minister Lee Hsien Loong said Saturday. The city-state recorded 4.8 percent growth in 2011 - slightly o
Published 01 Jan, 2012 12:00am
Obama urges Americans to keep pressing Congress

Obama urges Americans to keep pressing Congress

US President Barack Obama on Saturday told Americans to keep reminding Congress of what is at stake in their lives, as he predicted change in 2012 - the year in which he will seek reelection. In his weekly radio and Internet address, the president also ca
Published 01 Jan, 2012 12:00am
Tight race in Iowa kicks off White House campaign

Tight race in Iowa kicks off White House campaign

Republican voters in Iowa open a long and gruelling 2012 presidential race on Tuesday, with polls showing Mitt Romney battling Ron Paul for a momentum-generating win in the party's kickoff nominating contest. Four other contenders, led by surging Rick San
Published 01 Jan, 2012 12:00am
Thai floods death toll tops 800

Thai floods death toll tops 800

The official death toll from months of flooding in Thailand rose above 800 on Saturday, as the country's king said the damage caused by the waters was the "worst ever". Late reporting of deaths from the inundations in central and northern provinces - now
Published 01 Jan, 2012 12:00am
French defence minister spends New Year's eve in Afghanistan

French defence minister spends New Year's eve in Afghanistan

French defence minister Gerard Longuet spent New Year's eve with troops in Afghanistan at the end of a year in which his nation's forces suffered their heaviest death toll. Longuet saw in the new year with military personnel based in Surobi, a district of
Published 01 Jan, 2012 12:00am
Two Yemeni soldiers killed

Two Yemeni soldiers killed

Two Yemeni soldiers and two suspected al Qaeda militants were killed in clashes overnight near the restive southern city of Zinjibar, a military source said on Saturday. Three soldiers and four members of the Partisans of Sharia, an al Qaeda-linked insurg
Published 01 Jan, 2012 12:00am
Yemen protesters demand end to southern fighting

Yemen protesters demand end to southern fighting

Thousands of Yemenis began a 50 km (31 mile) march on Saturday to demand an end to a conflict which has forced nearly 100,000 people to flee southern Yemen, residents said, a day after seven militants were killed in fighting there with the army. Up to 20,
Published 01 Jan, 2012 12:00am
Guinea retires 4,600 soldiers in army reform drive

Guinea retires 4,600 soldiers in army reform drive

Guinea has forced about 4,600 soldiers into retirement, the government said on Saturday, as part of a drive to tame the West African state's notoriously oversized and unruly army. Analysts have long called on Guinea to shrink and control its military to h
Published 01 Jan, 2012 12:00am
Philippine foreign minister steps up Syria repatriation efforts

Philippine foreign minister steps up Syria repatriation efforts

The Philippine foreign minister will fly to Syria to help speed up the repatriation of Filipinos from the strife-torn country, a statement said Saturday. Foreign Secretary Albert del Rosario will depart on a Qatar Airways flight to Damascus late Saturday
Published 01 Jan, 2012 12:00am
China food safety scandal widens to oil, peanuts

China food safety scandal widens to oil, peanuts

Chinese authorities in a southern boomtown have detected a cancer-causing toxin in peanuts and cooking oil that was only recently discovered in milk, in the nation's latest food safety scandal. The food safety regulator in Shenzhen said it had found exces
Published 01 Jan, 2012 12:00am
Over 560 ISAF troops die in Afghan war in 2011

Over 560 ISAF troops die in Afghan war in 2011

Foreign troops fighting in Afghanistan continue to pay a high toll, with more than 560 killed in 2011, the second highest number in the 10-year war against the Taliban-led insurgency. Commanders from the Nato-led International Security Assistance Force (I
Published 01 Jan, 2012 12:00am
Afghan girl tortured after refusing prostitution

Afghan girl tortured after refusing prostitution

A 15-year-old Afghan girl was brutally tortured, beaten and locked in a toilet by her husband's family for months after she refused to become a prostitute, officials said on Saturday. Sahar Gul was in critical condition when she was rescued from a house i
Published 01 Jan, 2012 12:00am
Hundreds of Kurds protest death of separatist rebels

Hundreds of Kurds protest death of separatist rebels

Hundreds of Kurds staged a violent protest Saturday in south-eastern Turkey after police said two Kurdish rebels had been killed in a gunbattle after a raid on their hideout. The protestors demonstrated near where the two alleged members of the banned Kur
Published 01 Jan, 2012 12:00am
North Korea appoints top military commander

North Korea appoints top military commander

North Korea said on Saturday it has officially appointed Kim Jong-un, anointed successor and the youngest son of the late leader Kim Jong-il, the supreme commander of North Korea's 1.2 million-strong military. The North's state news agency KCNA said the a
Published 01 Jan, 2012 12:00am
Neymar voted South America's Footballer of Year

Neymar voted South America's Footballer of Year

Brazil's teenage striker Neymar, who won the Copa Libertadores with Santos, has been voted South American soccer's Footballer of the Year. Uruguay's Oscar Washington Tabarez was named coach of the year for the second time in a row after steering his World
Published 01 Jan, 2012 12:00am
Murray hires Lendl as full-time coach

Murray hires Lendl as full-time coach

World number four Andy Murray appointed Czech legend Ivan Lendl as his full-time coach on Saturday. Murray has been working without a permanent coach since March, when he parted company with Alex Corretja, but he will join forces with Lendl immediately in
Published 01 Jan, 2012 12:00am
Pakistan loses ITF appeal to host Davis Cup

Pakistan loses ITF appeal to host Davis Cup

The International Tennis Federation has rejected an appeal by Pakistan to host its Davis Cup tie against Lebanon next year, the Pakistan Tennis Federation has said. "We had filed an appeal against the decision to move the tie and we assured full security
Published 01 Jan, 2012 12:00am
Indonesia's football crisis under control: PSSI

Indonesia's football crisis under control: PSSI

The Indonesia Football Association (PSSI) said Saturday that it remained in control, rebuffing claims that a majority of its members voted to hold an extraordinary congress to elect a new leadership. The Jakarta Globe reported Friday that 452 out of 580 m
Published 01 Jan, 2012 12:00am
Drogba scores 150th Chelsea goal

Drogba scores 150th Chelsea goal

Chelsea striker Didier Drogba notched his 150th goal for the club on Saturday with a penalty against Aston Villa in their Premier League game at Stamford Bridge. The 33-year-old Ivory Coast international joined Chelsea greats Peter Osgood and Roy Bentley
Published 01 Jan, 2012 12:00am
France too good for China at Hopman Cup

France too good for China at Hopman Cup

Chinese star Li Na asserted she is back in form after beating world number nine Marion Bartoli in three sets in the singles opening match at the Hopman Cup mixed teams tournament. This year's French Open champion put a poor finish in her 2011 campaign beh
Published 01 Jan, 2012 12:00am
Rovers wreck United party

Rovers wreck United party

Grant Hanley's 80th-minute goal handed Blackburn Rovers a stunning 3-2 victory over Manchester United at Old Trafford on the last day of 2011 to ensure Sir Alex Ferguson's 70th birthday was one to forget. Having revealed earlier in the day that he expects
Published 01 Jan, 2012 12:00am
Australia pace attack could be world best: coach

Australia pace attack could be world best: coach

Australia's fast bowlers have the potential to be the best pace attack in the world, coach Mickey Arthur said Saturday as they prepare to take on India in the second Test. Arthur said Peter Siddle and Ben Hilfenhaus along with recent recruit James Pattins
Published 01 Jan, 2012 12:00am
Djokovic ends 2011 in winning style

Djokovic ends 2011 in winning style

Novak Djokovic brought the curtain down on his stunning 2011 season with a 6-2, 6-1 thrashing of Spain's David Ferrer in the final of the Mubadala World Tennis Championship exhibition event here on Saturday. Having already crushed Roger Federer by the sam
Published 01 Jan, 2012 12:00am
Ajmal believes UDRS will help Pakistan spinners

Ajmal believes UDRS will help Pakistan spinners

Pakistan's leading spinner Saeed Ajmal is confident the Umpires Decision Review System (UDRS) in the forthcoming series against England will be a plus for his team's slow bowlers because of the number of left-handers in the opposition. "It is going to be
Published 01 Jan, 2012 12:00am
Indian corporate bond yield ends steady

Indian corporate bond yield ends steady

Indian 10-year corporate bond yields ended steady on Friday, with a bearish near-term outlook weighed by an additional 400-billion-rupee ($7.53 billion) government borrowing announced by the Reserve Bank of India after market hours. The 10-year corporate
Published 01 Jan, 2012 12:00am
Indian corporate bond yield ends steady

Indian corporate bond yield ends steady

Indian 10-year corporate bond yields ended steady on Friday, with a bearish near-term outlook weighed by an additional 400-billion-rupee ($7.53 billion) government borrowing announced by the Reserve Bank of India after market hours. The 10-year corporate
Published 01 Jan, 2012 12:00am
China stock regulator says no help for market

China stock regulator says no help for market

The government does not plan to offer help to China's stock market, whose main index lost one-fifth of its value in 2011, and investors should instead have faith in market forces, the country's stocks regulator was quoted as saying on Saturday. The benchm
Published 01 Jan, 2012 12:00am
Russian market has worst year since 2008

Russian market has worst year since 2008

The Russian stock market staged its worst performance in 2011 since the credit crisis in 2008, falling around 20 percent on fears Europe's woes would spread and political unrest in Russia will continue. The rouble-traded MICEX index and the dollar-based R
Published 01 Jan, 2012 12:00am
TSX ends volatile year with a rally

TSX ends volatile year with a rally

Toronto's main stock index closed higher on Friday, the last trading day of the year, as financial and resource shares rallied on signs the US economy was recovering, but the jump was not enough to avert the index's first year-on-year decline since 2008.
Published 01 Jan, 2012 12:00am
European IPOs may need big backers to turn corner

European IPOs may need big backers to turn corner

'Cornerstone' investors could become a necessary evil for European IPOs in 2012. Giving powerful backers guaranteed shares in return for large, early commitments to support initial public offerings would get short shrift in good times. But Europe's new-is
Published 01 Jan, 2012 12:00am
ADR index ends 2011 with double-digit loss

ADR index ends 2011 with double-digit loss

US-listed shares of overseas companies finished 2011 with double-digit losses on Friday in the worst yearly performance since 2008, with Latin American ADRs among the biggest losers. The BNY Mellon index of leading American Depository Receipts posted loss
Published 01 Jan, 2012 12:00am
Latam stocks end year down

Latam stocks end year down

Latin American stocks edged upward in a session marked by thin volume on Friday as investors closed their books and warily eyed 2012. The MSCI Latin American stock index added 0.05 percent, though the index was down about 21 percent for the year after fea
Published 01 Jan, 2012 12:00am
SocGen's China fund JV suspends IPO participation

SocGen's China fund JV suspends IPO participation

Societe Generale's Chinese fund venture will temporarily suspend participation in initial public offerings in the country, a rare move by an institutional investor that highlights the recent high pricing of many mainland IPOs. Fortune SGAM Fund Management
Published 01 Jan, 2012 12:00am
Treasuries end 2011 near all-time low

Treasuries end 2011 near all-time low

US Treasury debt yields ended 2011 near all-time lows, as prices rallied on Friday in a shortened session and the last trading day of the year. Benchmark 10-year notes began the year trading well above 3 percent, and in September dipped to 1.67 percent to
Published 01 Jan, 2012 12:00am
Treasuries end 2011 near all-time low

Treasuries end 2011 near all-time low

US Treasury debt yields ended 2011 near all-time lows, as prices rallied on Friday in a shortened session and the last trading day of the year. Benchmark 10-year notes began the year trading well above 3 percent, and in September dipped to 1.67 percent to
Published 01 Jan, 2012 12:00am
Wall Street back at Square One, with S&P flat in 2011

Wall Street back at Square One, with S&P flat in 2011

For the US stock market, 2011 was a long wild ride to nowhere. The broad S&P 500 endured huge daily swings but a year of drama left the index almost where it started. It lost a mere 0.003 percent, closest to unchanged since 1947, according to Standard & P
Published 01 Jan, 2012 12:00am
Chinese bus driver infected with bird flu dies

Chinese bus driver infected with bird flu dies

A Chinese bus driver who tested positive for the H5N1 bird flu virus died Saturday in a city bordering Hong Kong, health officials said, in the country's first reported case of the disease in humans in 18 months. The man surnamed Chen died in the wealthy
Published 01 Jan, 2012 12:00am
Britain orders review of breast implant safety

Britain orders review of breast implant safety

Britain is looking into new evidence about the risks from breast implants made by a now-closed French firm at the heart of a global health scare, the government said on Saturday. The French government has already advised the 30,000 women in France who bou
Published 01 Jan, 2012 12:00am
Los Angeles cars, homes ablaze in massive arson spree

Los Angeles cars, homes ablaze in massive arson spree

Police in Los Angeles, with help from federal investigators, were searching Saturday for one or more suspects said to have set more than 30 vehicle fires in one of the worst arson sprees in city history. Fire officials said they have responded to some 30
Published 01 Jan, 2012 12:00am
Swiss minister says US tax deal needs time

Swiss minister says US tax deal needs time

Switzerland and the United States need more time to negotiate a tax deal, Swiss finance minister Eveline Widmer-Schlumpf told Swiss radio on Saturday, as the United States pushes for it to supply information on bank clients who are alleged to have evaded
Published 01 Jan, 2012 12:00am
Afghan forces take control in former Taliban hotspots

Afghan forces take control in former Taliban hotspots

Nato-led forces have handed over responsibility for security to Afghan control in three former Taliban strongholds in the restive Helmand province, the provincial governor's office said Saturday. Afghan security forces took control of Nad Ali, Nawa and Ma
Published 01 Jan, 2012 12:00am
EU open to talks with Iran, without preconditions

EU open to talks with Iran, without preconditions

The European Union is open to meaningful talks with Tehran provided there are no preconditions on the Iranian side, an EU foreign policy spokesman said on Saturday. Earlier, Iran's semi-official Mehr news agency quoted a senior official as saying that Ira
Published 01 Jan, 2012 12:00am
Iran delays missile test; ready for nuclear talks

Iran delays missile test; ready for nuclear talks

Iran said it had delayed promised long-range missile tests in the Gulf on Saturday and signalled it was ready for fresh talks with the West on its disputed nuclear programme. Iran's state media initially reported early on Saturday that long-range missiles
Published 01 Jan, 2012 12:00am
Karzai welcomes US 'Taliban not our enemy' remarks

Karzai welcomes US 'Taliban not our enemy' remarks

Afghan President Hamid Karzai Saturday welcomed US Vice President Joe Biden's remarks that the Taliban "per se is not our enemy". Biden's comments to Newsweek magazine last week caused uproar in the US, which has been fighting a 10-year war against the Ta
Published 01 Jan, 2012 12:00am
Ethiopian, Somali troops take key city

Ethiopian, Somali troops take key city

Ethiopian troops and Somali government forces seized control of a key Somali city Saturday after battling Islamist rebels on the outskirts, leaving at least 18 dead, sources said. The city, Beledweyne, lies some 30 kilometres (20 miles) from the Ethiopian
Published 01 Jan, 2012 12:00am
Nigeria declares state of emergency in troubled areas

Nigeria declares state of emergency in troubled areas

Nigerian President Goodluck Jonathan on Saturday declared a state of emergency in areas hard hit by violence blamed on Islamist sect Boko Haram and ordered the closure of part of the country's borders. He announced the measures after branding Boko Haram a
Published 01 Jan, 2012 12:00am
Syrian opposition fears failure of Arab mission

Syrian opposition fears failure of Arab mission

The Syrian opposition is pessimistic about the chances that Arab League monitors now visiting the country can halt President Bashar al-Assad's 9-month crackdown on anti-government protest, activists said on Saturday. There is little faith in the ability o
Published 01 Jan, 2012 12:00am
Dozens arrested in Russia New Year protests

Dozens arrested in Russia New Year protests

Russian riot police arrested dozens of people on Saturday in Moscow and Saint Petersburg who tried to stage unsanctioned New Year's Eve protests against 12 years of Vladimir Putin's dominant rule. The show of police force marked the first time the authori
Published 01 Jan, 2012 12:00am
Sydney rings in New Year with spectacular fireworks

Sydney rings in New Year with spectacular fireworks

Spectacular fireworks burst over Sydney Harbour to ring in the New Year at midnight, kicking off noisy celebrations for billions around the world to mark the end of 2011. Sydney's harbour erupted in a blaze of colour and light on the stroke of midnight wi
Published 01 Jan, 2012 12:00am
Five anti-Qaeda fighters killed

Five anti-Qaeda fighters killed

A gun attack early Saturday morning on a checkpoint manned by anti-Qaeda militiamen in central Iraq left five of them dead, security and medical officials said. Attackers struck the Sahwa checkpoint in Khan Beni Saad, 40 kilometres (25 miles) north of Bag
Published 01 Jan, 2012 12:00am
Iraq celebrates US withdrawal, 'dawn of a new day'

Iraq celebrates US withdrawal, 'dawn of a new day'

Prime Minister Nuri al-Maliki declared a new dawn on Saturday as Iraq celebrated the departure of American troops at a ceremony held amid tight security and without Maliki's key political rivals. Iraq was engulfed in its worst political crisis in a year a
Published 01 Jan, 2012 12:00am
Vietnam's coffee supply squeeze to perk up global prices

Vietnam's coffee supply squeeze to perk up global prices

Global coffee prices may surge early next year as tighter bank lending in top robusta producer Vietnam chokes off cash to exporters, cutting supply and pushing up premiums even as the harvest rolls in. London robusta prices could rise by about 10-20 perce
Published 01 Jan, 2012 12:00am
Cameroon raises cotton price to curb smuggling

Cameroon raises cotton price to curb smuggling

Cameroon state firm SODECOTTON has increased farmgate raw cotton price by 27.5 percent for the current harvest in an effort to dissuade farmers from smuggling their produce to neighbouring Nigeria, a spokesman said on Wednesday. SODECOTTON said it will pa
Published 01 Jan, 2012 12:00am
Thai raw sugar premiums hardly move; India awaits buyers

Thai raw sugar premiums hardly move; India awaits buyers

Thai raw sugar premiums hardly moved this week and Indian whites were unchanged at around $600 as physical trading slowed to a trickle ahead of year-end holidays, but sellers still noted inquires for nearby shipment, dealers said on Tuesday.
Published 01 Jan, 2012 12:00am
Argentine corn planting halted by dryness

Argentine corn planting halted by dryness

Argentine farmers have halted 2011/12 corn planting due to dry soils, the Buenos Aires Grains Exchange said on Thursday, exacerbating worries that low supplies could fuel higher world grains prices in 2012. Dryness related to the La Nina phenomenon has be
Published 01 Jan, 2012 12:00am
China sells cargo of tyre grade from warehouse; Thai RSS3 steady

China sells cargo of tyre grade from warehouse; Thai RSS3 steady

China sold some cargoes of tyre grade from the country's bonded warehouse to ease inventory, while a few deals for forward shipments were struck in the last trading week of the year, dealers said on Wednesday. Thai RSS3 changed hands at $3.36 a kg without
Published 01 Jan, 2012 12:00am
US gold's 10 percent gain in 2011 extends run to 11th year

US gold's 10 percent gain in 2011 extends run to 11th year

Gold rose 1 percent on Friday, rebounding from losses earlier this week that sent the market briefly into bear territory, and the metal sealed its 11th consecutive year of gains. Bullion posted a gain of 10 percent for 2011, its smallest annual rise in th
Published 01 Jan, 2012 12:00am
Commodity markets end 2011 with a whimper

Commodity markets end 2011 with a whimper

Global commodity prices mostly fell last year on worries that the ongoing eurozone debt crisis and a potential global economic slowdown would hammer demand for raw materials. "Commodity prices are ending 2011 with a whimper," said Capital Economics analys
Published 01 Jan, 2012 12:00am
Bangladesh issues tender for 25,000 tonnes of sugar

Bangladesh issues tender for 25,000 tonnes of sugar

Bangladesh Sugar and Food Industries Corporation has issued an international tender to import 25,000 tonnes of refined sugar as part of efforts to build reserves, an official with the corporation said on Friday. The last date of submission of offers is Fe
Published 01 Jan, 2012 12:00am
Weak demand pushes rice prices down further in Asia

Weak demand pushes rice prices down further in Asia

Asian rice prices dropped further this week due to thin demand ahead of the year-end holidays, but intervention by the Thai government and Vietnam's industry association was likely to limit the falls, traders said on Wednesday. The price of Thailand's ben
Published 01 Jan, 2012 12:00am
Limited ammunition, inflation hinder India's rupee defence

Limited ammunition, inflation hinder India's rupee defence

India's central bank is being forced to forsake the rupee at record lows not merely by a shortage of ammunition to defend the currency but also by a compulsion to relieve stresses in the local debt market. The Reserve Bank of India's hands-off approach is
Published 01 Jan, 2012 12:00am
Canadian dollar rallies, better year ahead

Canadian dollar rallies, better year ahead

The Canadian dollar rallied into the end of 2011, albeit in holiday-thinned volume, heralding what many analysts believe will be a better year for the economic growth-sensitive currency in 2012. Canada was a mediocre performer among G10 currencies in 2011
Published 01 Jan, 2012 12:00am
Speculators boost dollar bets, euro shorts hit record

Speculators boost dollar bets, euro shorts hit record

Currency speculators boosted bets against the euro to a record high in the latest week and built up the biggest long dollar position since mid-2010, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long po
Published 01 Jan, 2012 12:00am
Euro hits 10-year low versus yen, more trouble seen in 2012

Euro hits 10-year low versus yen, more trouble seen in 2012

The euro capped off the most tumultuous year in its short history on Friday, slipping to a 10-year trough below 100 yen and struggling to hold gains against the dollar, a trend traders expect to continue in 2012. The euro fell 0.9 percent to 99.77 yen and
Published 01 Jan, 2012 12:00am
Turkish lira

Turkish lira

The Turkish lira firmed as far as 1.8510 against the dollar on Friday after the central bank sold dollars on the forex market, but subsequently surrendered much of its gains while stocks weakened a touch. The lira traded at 1.8860 per dollar, still sharpl
Published 01 Jan, 2012 12:00am
Excess cash keeps Euribor rates down

Excess cash keeps Euribor rates down

Key euro zone bank-to-bank lending rates continued their downward march on Friday, pushed down by a funding glut after banks took almost half a trillion euros at the European Central Bank's first-ever injection of three-year liquidity. Euro zone banks rec
Published 01 Jan, 2012 12:00am
Three-month dollar Libor steady at highest since June 2009

Three-month dollar Libor steady at highest since June 2009

US dollar-denominated interbank lending rates held steady on Friday, pausing from a near-relentless trek higher as worries over the European debt crisis undermine banks' trust in lending to one another. Three-month dollar-denominated London Interbank Offe
Published 01 Jan, 2012 12:00am
Latam forex logs steep losses in 2011

Latam forex logs steep losses in 2011

Mexico's peso strengthened in thin holiday volume on Friday, but was on track to end 2011 with a 12 percent decline against the dollar, with little in sight that will relieve pressure on emerging market currencies. Market players, wary of taking positions
Published 01 Jan, 2012 12:00am
Foggy season: police asked to take concrete steps towards safety

Foggy season: police asked to take concrete steps towards safety

Fog is natural phenomenon beyond human control but damage to human life and property can be prevented by taking better measures within our control said DIG National Highways and Motorway Police N-5 Central Dr Muhammad Shafique, while directing the officer
Published 01 Jan, 2012 12:00am
SRB collected over Rs 11 billion in five months of 2011

SRB collected over Rs 11 billion in five months of 2011

Despite limited manpower and other facilities, the Sindh Revenue Board (SRB) collected more than Rs 11 billion during the five months of 2011 under the head of sales tax on services. Official sources told Business Recorder on Saturday that Sindh Re
Published 01 Jan, 2012 12:00am
Celebrations of Bhitai's Urs from January 9

Celebrations of Bhitai's Urs from January 9

Three-day 268th annual Urs celebrations of great mystic poet and saint Hazrat Shah Abdul Latif Bhitai will commence with traditional enthusiasm, and reverence from January 9 at Bhitshah district Matiari. The historical Bhitshah town will be the host of te
Published 01 Jan, 2012 12:00am
APCNGA rejects restrictions on CNG stations

APCNGA rejects restrictions on CNG stations

The All Pakistan CNG Association (APCNGA) has rejected the government decision to restrict CNG stations for refuelling public and commercial transport vehicles. According to the letter issued by the Oil & Gas Regulatory Authority (Ogra), the APCNGA has be
Published 01 Jan, 2012 12:00am
Year 2011 was a nightmare for Karachiites

Year 2011 was a nightmare for Karachiites

The year 2011 had emerged as a nightmare for Karachiities who endured several terrorist attacks and intense targeted killings which claimed over 1,350 lives, including seven Ranger personnel, two policemen and secret agency personnel. According to statist
Published 01 Jan, 2012 12:00am
Health, education sectors: sufficient allocation of funds demanded

Health, education sectors: sufficient allocation of funds demanded

Speakers at a seminar urged the government to allocate sufficient funds for education, health and social development sectors by slashing defence budget. The seminar was organised under the auspices of Aman Ittihad at Peshawar Press Club on Saturday.
Published 01 Jan, 2012 12:00am
Gas crisis: LCCI convenes meeting of all chambers tomorrow

Gas crisis: LCCI convenes meeting of all chambers tomorrow

The Lahore Chamber of Commerce and Industry (LCCI) has convened an emergent meeting of all the chambers of commerce and industry in Punjab on gas crisis on January 2 (tomorrow). The LCCI President Irfan Qaiser Sheikh, while expressing his concern over the
Published 01 Jan, 2012 12:00am
Crime rate significantly decreased in Islamabad

Crime rate significantly decreased in Islamabad

The crime rate in the federal capital during the year 2011 decreased significantly and recovery rate of narcotics, weapons and looted items increased, data revealed. According to the data obtained from different sources including police stations 6,548 cas
Published 01 Jan, 2012 12:00am
6,681 killed in 2,782 terror attacks in 2011

6,681 killed in 2,782 terror attacks in 2011

A total of 2,782 militant, insurgent and sectarian related-terrorist's attacks were reported across the country in 2011 in which around 6,681 people were killed. The figure was taken after counting casualties caused by terrorist attacks, military operatio
Published 01 Jan, 2012 12:00am
APP reporter Yousuf Pirzada laid to rest

APP reporter Yousuf Pirzada laid to rest

Yousuf Pirzada, a reporter of Associated Press of Pakistan (APP) Karachi's Urdu Section, who died in a road accident here on Friday, was laid to rest at a local graveyard on Saturday. Earlier, his funeral prayers were offered near his residence here in Sa
Published 01 Jan, 2012 12:00am
Mall Road: body formed to enforce ban on public gatherings

Mall Road: body formed to enforce ban on public gatherings

Senior Advisor to Chief Minister, Sardar Zulfiqar Ali Khan Khosa has said that a five-member sub-committee has been constituted for implementation of orders of Lahore High Court regarding complete ban on public meetings and processions on Mall Road. The s
Published 01 Jan, 2012 12:00am
Gohar for removal of petroleum levy

Gohar for removal of petroleum levy

Group leader All Pakistan Textile Mills Association (APTMA) Gohar Ejaz said on Saturday that the government should remove petroleum levy immediately and divert 300MMCFD gas to textile industry and IPPs equally. Addressing a press conference at the APTMA P
Published 01 Jan, 2012 12:00am
Explosives recovered in Quetta

Explosives recovered in Quetta

Police on Saturday recovered explosive material at a place near the building which was destroyed in a car bomb blast here on Friday night on Arbab Karam Khan Road. When contacted PS Sariab, a police official confirmed that some explosive material was reco
Published 01 Jan, 2012 12:00am
'China and Pakistan great friends'

'China and Pakistan great friends'

Wang Jianzhong Vice-Director Zibo Municipal Foreign Affairs Office Zibo, Shandong, China, said that China and Pakistan are good neighbouring historical great friends and people of China cherish the friendship between the two countries. He was speaking in
Published 01 Jan, 2012 12:00am
Nawaz vows to bring revolution for betterment of masses

Nawaz vows to bring revolution for betterment of masses

PML-N President and former Prime Minister Nawaz Sharif Saturday vowed to bring revolution in the country for betterment of people by changing the system of governance in transparent manner. Addressing huge rally organised by PML-N here, he said "corruptio
Published 01 Jan, 2012 12:00am
Four alleged Punjabi taliban arrested

Four alleged Punjabi taliban arrested

Crime Investigation Department (CID) of Sindh Police on Saturday claimed to have arrested four militants including Sindh Chief of banned outfit Punjabi Taliban, Ustad Aslam group and recovered huge cache of high explosive, suicide jackets and weapons. Add
Published 01 Jan, 2012 12:00am
KCC&I & SMEDA to set up help line for SMEs

KCC&I & SMEDA to set up help line for SMEs

The Small and Medium Enterprises Development Authority (SMEDA) with the support of United Nations Development Programme (UNDP) launched the "Right To Do Business" project at Karachi Chamber of Commerce and Industry (KCC&I) to strengthen the street vendors
Published 01 Jan, 2012 12:00am
'HCCI's diplomatic relations improved during 2011'

'HCCI's diplomatic relations improved during 2011'

Chairman sub committee for deployment, HCCI, Saleem A. Shaikh, while addressing a meeting, has said that diplomatic relations of the chamber have been improved under the leadership and international fame of HCCI president, Goharullah and the positive effe
Published 01 Jan, 2012 12:00am
Gas supply to industrial sector on 'special priority' demanded

Gas supply to industrial sector on 'special priority' demanded

Slamming the government's policy on gas cuts, the value-added Textile Forum on Saturday said it is "ruining" the already over burdened textile export sector. "The policy of the government relating to gas is unfortunately ruining the already over burdened
Published 01 Jan, 2012 12:00am
UBL Funds interim pay-out announced

UBL Funds interim pay-out announced

Chief Executive UBL, under the authority of the board of directors of the bank's Fund Managers Limited, has announced an interim pay-out for the period ended December 22, 2011 from UBL Liquidity Plus Fund & UBL Government Securities Fund. The following in
Published 01 Jan, 2012 12:00am
UBL Funds interim pay-out announced

UBL Funds interim pay-out announced

Chief Executive UBL, under the authority of the board of directors of the bank's Fund Managers Limited, has announced an interim pay-out for the period ended December 22, 2011 from UBL Liquidity Plus Fund & UBL Government Securities Fund. The following in
Published 01 Jan, 2012 12:00am
Dry/cold weather forecast

Dry/cold weather forecast

The Met Office on Saturday forecast mainly dry/cold weather is expected in most parts of the country in the next 24 hours. In the daily weather summary, the office said "continental air prevailing over most parts of the country". It said foggy/misty condi
Published 01 Jan, 2012 12:00am
Good out of bad

Good out of bad

We must accept that whenever we have any thing bad there will be something, which we will get good out of. Few are the following instances: We curse electricity's high rate and loadshedding which is bad but we forget that there is good in it for example:
Published 01 Jan, 2012 12:00am
President steals the show

President steals the show

Demonstrating the iron resolve typical of a leader elected by heavy mandate from all the provinces, President Asif Ali Zardari stole the show at Garhi Khuda Bakhsh on the eve of Shaheed Benazir Bhutto's fourth death anniversary and proved to the people of
Published 01 Jan, 2012 12:00am
Trade unionism and change - I

Trade unionism and change - I

Trade unionism is an organised movement meant to protect and promote the interests of the working class. Trade unions are a potent force in most industrially developed as well as developing countries. Their role and character has been continuously changin
Published 01 Jan, 2012 12:00am
Fate of PTDC

Fate of PTDC

As 2011 draws to a close, a year which was declared "Year of Tourism", it is but an irony that the Pakistan Tourism Development Corporation (PTDC) is seeking help from government to keep it afloat. The PTDC has unfortunately joined the ranks of other stat
Published 01 Jan, 2012 12:00am
Disaster management

Disaster management

Some sections of the media have reported that the Asian Development Bank (ADB) has warned of more floods like the ones witnessed these last two years if the government does not take immediate and long-term steps to control the situation. The ADB has also
Published 01 Jan, 2012 12:00am
120th convocation of Punjab University held

120th convocation of Punjab University held

120th Convocation of Punjab University was held here on Saturday. Vice Chancellor, PU Professor Dr Mujahid Kamran was the chief guest on the occasion. Addressing the ceremony, he said the only reason behind all national crises is lack of education. He sai
Published 01 Jan, 2012 12:00am
'No possibility of early polls in country'

'No possibility of early polls in country'

Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussein has ruled out any possibility of early polls in the country saying Election Commission of Pakistan was not prepared to hold the mid-term general elections. Talking to reporters on Saturda
Published 01 Jan, 2012 12:00am
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