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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-01-05
FTSE edges lower

FTSE edges lower

Britain's top share index edged lower early on Wednesday after sharp gains in the previous session, with falls in banks and the retailers, after Next's Christmas trading update, offsetting further gains in oil-related stocks. London's blue chip index was
Published 05 Jan, 2012 12:00am
Sterling rises to 15-month high

Sterling rises to 15-month high

Sterling hit its highest in over a year versus a broadly weaker euro on Wednesday as investors concerned by eurozone sovereign funding requirements sought to diversify funds out of the single currency in favour of perceived safer alternatives. But the pou
Published 05 Jan, 2012 12:00am
Euro rally on hold in Asia

Euro rally on hold in Asia

A short-squeeze rally in the euro stalled in Asia on Wednesday ahead of debt auctions in Germany, with market players dubious about the eurozone's plans to fend off a sovereign debt crisis as some countries face huge debt refinancing needs. The euro is me
Published 05 Jan, 2012 12:00am
Euro falls in London

Euro falls in London

The euro slipped against the dollar on Wednesday after a German Bund auction found muted but adequate demand, and looked vulnerable to selling by investors nervous about eurozone sovereigns' ability to attract funding. Many analysts described the German 1
Published 05 Jan, 2012 12:00am
Early trade in New York: euro slips to one-week low

Early trade in New York: euro slips to one-week low

The euro slipped to a near one-week low against the dollar on Wednesday after a muted German Bund auction raised concerns about demand for eurozone sovereign debt and the potential for higher borrowing costs for already troubled economies. While the Germa
Published 05 Jan, 2012 12:00am
Euro rallies in New York

Euro rallies in New York

The euro rallied against the dollar on Tuesday as global economic data that beat forecasts fuelled risk-taking, but the currency was expected to remain under pressure due to Europe's sovereign debt crisis and low growth. The US manufacturing sector posted
Published 05 Jan, 2012 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 82.08-82.10 (previous 82.01-82.05). Call Money Rates: 12.00-20.00 percent (previous 8.00-20.00 percent).
Published 05 Jan, 2012 12:00am
Yuan falls

Yuan falls

China's yuan ended slightly weaker after hitting an intraday record high against the dollar on Wednesday in the wake of a strong mid-point fixing, which underpinned expectations the Chinese currency will rise further in the near term. Spot yuan closed at
Published 05 Jan, 2012 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell against the dollar and the euro on Wednesday, handing back gains made against the greenback in the previous session, as better-than-expected US manufacturing data gave a fillip to risk appetite. The franc fell 0.3 percent against the
Published 05 Jan, 2012 12:00am
Indian rupee stays higher

Indian rupee stays higher

The Indian rupee ended higher for the second straight session on Wednesday after trading in a narrow range, on dollar sales by some foreign banks, although a retreat in the euro and a fall in domestic equities capped gains. The rupee ended at 52.95/96 to
Published 05 Jan, 2012 12:00am
Most Asian currencies rise

Most Asian currencies rise

Most emerging Asian currencies rose on Wednesday as firm US and European data boosted risk appetite, although some suffered from profit-taking on persistent worries about the eurozone's debt crisis. "The current 'rally' is driven by technicals. Since it c
Published 05 Jan, 2012 12:00am
Banks secure funding with long-term ECB dollar loans

Banks secure funding with long-term ECB dollar loans

Eurozone banks locked in long-term dollar funding from the European Central Bank on Wednesday, underscoring the heavy dependence on official lending lines but shoring up refinancing needs for the near-term. Although total dollar borrowing eased slightly a
Published 05 Jan, 2012 12:00am
City three points clear as Liverpool downed

City three points clear as Liverpool downed

Ten-man Manchester City went three points clear at the top of the Premier League on Tuesday after goals from Sergio Aguero, Yaya Toure and James Milner set up a 3-0 victory over Liverpool. Liverpool - missing striker Luis Suarez after the club confirmed t
Published 05 Jan, 2012 12:00am
Murray back from the brink again

Murray back from the brink again

The top seed Andy Murray battled back from the brink for the second night in a row as he beat Luxembourg's Gilles Muller in the second round of the Brisbane International on Wednesday. Murray lost the first set against Muller and was facing two break poin
Published 05 Jan, 2012 12:00am
Clarke, Ponting pummel Indian bowlers

Clarke, Ponting pummel Indian bowlers

Michael Clarke posted the highest score by an Australian at the Sydney Cricket Ground and Ricky Ponting struck his first Test century in two years as the hosts pounded India in the second Test Wednesday. Captain Clarke scored an unbeaten double-century an
Published 05 Jan, 2012 12:00am
England series not only about spinners: Mohsin

England series not only about spinners: Mohsin

Pakistan coach Mohsin Khan said Wednesday that the highly anticipated series against England was about far more than just the spinners as his young side eyes a strong start to the year. Much has been made of the dusty wickets in the United Arab Emirates,
Published 05 Jan, 2012 12:00am
Wawrinka, Raonic advance in India

Wawrinka, Raonic advance in India

Defending champion Stanislas Wawrinka and rising star Milos Raonic moved into the quarter-finals of the ATP Chennai Open in contrasting style on Wednesday. Wawrinka, the third-seeded Swiss, fought back to overcome valiant Edouard Roger-Vasselin of France
Published 05 Jan, 2012 12:00am
Faisal Hayat named member 'Players Status Committee' of FIFA

Faisal Hayat named member 'Players Status Committee' of FIFA

President Pakistan Football Federation (PFF) Makhdoom Syed Faisal Saleh Hayat on Wednesay was chosen as a member of "Players' Status Committee" of Federation Internationale de Football Associations (FIFA) in addition to his continuation as member of Disci
Published 05 Jan, 2012 12:00am
Sri Lanka 'wants to host IPL matches'

Sri Lanka 'wants to host IPL matches'

Sri Lanka is in negotiations to host Indian Premier League (IPL) matches to raise money for its financially-strapped cricket board, the Cricinfo website reported Wednesday. Upali Dharmadasa, the newly-elected president of Sri Lanka Cricket, told the websi
Published 05 Jan, 2012 12:00am
Sri Lanka lose openers after pounding

Sri Lanka lose openers after pounding

Sri Lanka lost two wickets after taking a pounding from South African batsmen Jacques Kallis and AB de Villiers on the second day of the third and final Test at Newlands on Wednesday. Sri Lanka were 149 for two at the close in reply to South Africa's 580
Published 05 Jan, 2012 12:00am
Top two women ready to rumble

Top two women ready to rumble

The scene is set for an early season blockbuster, after world number one Caroline Wozniacki and her rival Petra Kvitova both notched singles wins at the Hopman Cup on Wednesday. The top two players in women's tennis, drawn to face each other on Friday, bo
Published 05 Jan, 2012 12:00am
China's airlines won't pay EU carbon tax

China's airlines won't pay EU carbon tax

China's airlines will refuse to pay any carbon costs under the European Union's Emissions Trading Scheme, while other Asia Pacific carriers, already battling a weak travel market, are likely to pass on the extra cost to passengers. The EU's scheme (ETS) w
Published 05 Jan, 2012 12:00am
China dairy operators raise prices as costs rise

China dairy operators raise prices as costs rise

Major Chinese dairy operators, including the country's largest player China Mengniu Dairy Co Ltd, have raised the prices of some of their products, citing higher raw material costs, even as the industry struggles to restore consumer confidence after a ser
Published 05 Jan, 2012 12:00am
Two jailed for notorious London race murder

Two jailed for notorious London race murder

Two white men were jailed on Wednesday for murdering a black teenager in London 1993, a landmark case which exposed the "institutional racism" of the capital's police in an official inquiry into the initial botched investigation. Judge Colman Treacy ruled
Published 05 Jan, 2012 12:00am
Bangladeshi gets jail term over Facebook status

Bangladeshi gets jail term over Facebook status

Bangladesh's high court on Wednesday sentenced a university lecturer to six months in jail after he posted a Facebook status wishing for the death of Prime Minister Sheikh Hasina, a lawyer said. Ruhul Khandakar, who was sentenced in absentia because he is
Published 05 Jan, 2012 12:00am
2012 to be one of 10 hottest since 1850

2012 to be one of 10 hottest since 1850

This year could become one of the top 10 hottest since 1850, with global temperatures expected to be almost half a degree Celsius warmer in 2012 than the long-term (1961-1990) average of 14 degrees, the UK's Met Office said on Wednesday. The prediction fo
Published 05 Jan, 2012 12:00am
US nuclear regulatory chief loses top aide

US nuclear regulatory chief loses top aide

The embattled head of the US Nuclear Regulatory Commission, who last month endured a bitter public airing of grievances from colleagues, has lost his top aide, who resigned last month to take a new job. The staff shake-up in the personal office of NRC Cha
Published 05 Jan, 2012 12:00am
Government armour still inside cities: Syrian activists

Government armour still inside cities: Syrian activists

Syrian opposition activists said on Wednesday that security forces still had armoured vehicles stationed in city streets ready to act against protesters even though Arab League peace monitors said they had withdrawn. Opposition groups in the cities of Idl
Published 05 Jan, 2012 12:00am
Militias may drag Libya into civil war: NTC chief

Militias may drag Libya into civil war: NTC chief

Libya risks sliding into civil war unless it cracks down on the rival militias which filled the vacuum left by Muammar Qadhafi's downfall, the head of the interim administration said after an outbreak of violence in the capital. Mustafa Abdel Jalil, chair
Published 05 Jan, 2012 12:00am
In final leg of vote, Egypt's Islamists eye majority

In final leg of vote, Egypt's Islamists eye majority

The Islamist Muslim Brotherhood looks set for a dominant role in Egypt's first free parliament in decades and is promising rivals a role in writing a new constitution as military generals face growing pressure to hand power to civilians. Egyptians voted f
Published 05 Jan, 2012 12:00am
Mass grave found in Afghan army compound

Mass grave found in Afghan army compound

A mass grave containing at least 10 human skulls was discovered in northern Afghanistan by construction workers digging the earth to build a car park in an army compound, Afghan officials said on Wednesday. The discovery of the grave on Tuesday in the nor
Published 05 Jan, 2012 12:00am
German president 'sorry' for call to top newspaper

German president 'sorry' for call to top newspaper

German President Christian Wulff apologised on prime-time television Wednesday for a call last month to the nation's biggest newspaper, Bild, asking it not to print a story about nondisclosure of loans for his private home. Controversy has swirled around
Published 05 Jan, 2012 12:00am
ADB lends Bangladesh $300 million for energy

ADB lends Bangladesh $300 million for energy

The Asian Development Bank (ADB) signed an agreement with the Bangladesh government on Wednesday to provide $300 million in loans for projects to address power shortages that are undermining the economy and slowing poverty reduction efforts. The loan for
Published 05 Jan, 2012 12:00am
Earthquakes prompt record insurance claims in 2011

Earthquakes prompt record insurance claims in 2011

Insurance industry damage claims from natural disasters like the earthquakes in Japan and New Zealand reached a record $105 billion in 2011, Munich Re, the world's biggest reinsurer, said on Wednesday. The cost to insurers from the earthquake and tsunami
Published 05 Jan, 2012 12:00am
Obama names financial watchdog, angers Republicans

Obama names financial watchdog, angers Republicans

President Barack Obama on Wednesday took his boldest step yet to side-step Republicans, appointing a new financial watchdog they had hotly opposed and setting the tone for an election-year strategy designed to tap deep voter frustration with Congress.
Published 05 Jan, 2012 12:00am
Microsoft sues UK retailer over counterfeit Windows CDs

Microsoft sues UK retailer over counterfeit Windows CDs

Microsoft Corp said it is suing Britain's second-largest electricals retailer Comet for allegedly creating and selling "counterfeit" recovery CDs of its flagship Windows operating system. In a statement on its website, Microsoft said the retailer created
Published 05 Jan, 2012 12:00am
Pentagon-backed 'time cloak' stops the clock

Pentagon-backed 'time cloak' stops the clock

Pentagon-supported physicists on Wednesday said they had devised a "time cloak" that briefly makes an event undetectable. The laboratory device manipulates the flow of light in such a way that for the merest fraction of a second an event cannot be seen, a
Published 05 Jan, 2012 12:00am
Two Indians caught in China trade row freed

Two Indians caught in China trade row freed

India's foreign minister said on Wednesday that two traders who claimed they were abused and detained during a business dispute in China had been freed and were travelling to Shanghai. The assurance came after the two men spoke to Indian television channe
Published 05 Jan, 2012 12:00am
Yemeni president cancels US trip

Yemeni president cancels US trip

President Ali Abdullah Saleh has cancelled a trip to the United States, a senior official said on Wednesday, after requests from his ruling party that he remain in Yemen until after presidential elections. In late December, Saleh, who is set to resign for
Published 05 Jan, 2012 12:00am
Singapore cuts Prime Minister pay but still world's best paid

Singapore cuts Prime Minister pay but still world's best paid

Singapore will slash its leaders' unpopular multi-million-dollar salaries by at least a third, new guidelines showed Wednesday, but they will remain the world's best-paid politicians. Prime Minister Lee Hsien Loong, who promised the salary review to ease
Published 05 Jan, 2012 12:00am
Iran ramps up warning over US navy in Gulf

Iran ramps up warning over US navy in Gulf

Iran on Wednesday renewed its warning to America against keeping a US navy presence in the oil-rich Gulf, underlining a threat that Washington has dismissed as a sign of "weakness" from Tehran. "The presence of forces from beyond the (Gulf) region has no
Published 05 Jan, 2012 12:00am
Finland allows release of South Korea-bound missiles

Finland allows release of South Korea-bound missiles

Finland has granted permission for the release of 69 Patriot missiles destined to South Korea which had been confiscated in a Finnish port in December, the government said on Wednesday. However, the release of the surface-to-air missiles was still pending
Published 05 Jan, 2012 12:00am
North Korea's military strategy superior

North Korea's military strategy superior

North Korea's military strategy is superior to the defensive posture of its affluent neighbour to the South, an independent think-tank said on Wednesday, giving Pyongyang the edge in the early days of any war on the divided peninsula.
Published 05 Jan, 2012 12:00am
McCain backs Romney to take on Obama

McCain backs Romney to take on Obama

Republican Senator John McCain, who lost the White House election in 2008, endorsed Mitt Romney on Wednesday to take on embattled President Barack Obama in November. "I'm really here for one reason and one reason only, and that is to make sure that we mak
Published 05 Jan, 2012 12:00am
Bachmann off, Perry on the Republican rollercoaster

Bachmann off, Perry on the Republican rollercoaster

The rough-and-tumble Republican race for the White House became even more entangled on Wednesday when Tea Party favourite Michele Bachmann quit and Texas Governor Rick Perry decided to stay in after all. Bachmann stepped down after a dismal sixth place fi
Published 05 Jan, 2012 12:00am
New York cotton up four percent

New York cotton up four percent

Cotton futures finished up and at a 1-1/2 week high on Tuesday, furled by sharp gains in agricultural commodities across the board and expectations of buying related to index rebalancing, analysts said. The key March cotton futures went up 4 cents or 4.4
Published 05 Jan, 2012 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded March copper contract on the Shanghai Futures Exchange climbed 0.78 percent to 55,790 yuan ($8,900) a tonne in the first day of trading on Wednesday for this year.
Published 05 Jan, 2012 12:00am
Copper drops

Copper drops

Copper prices fell more than three percent on Wednesday, reversing a rally from the previous session as concerns about the eurozone debt crisis eroded confidence and prompted worries about the demand outlook for industrial metals. Three-month copper on th
Published 05 Jan, 2012 12:00am
Brent crude stays up

Brent crude stays up

Brent crude rose for the second straight day Wednesday, touching a seven-week high after the European Union reached a preliminary agreement to ban imports of Iranian crude, escalating tensions in the West's stand-off with Tehran that has gripped oil marke
Published 05 Jan, 2012 12:00am
Tokyo rubber futures flat

Tokyo rubber futures flat

Key Tokyo rubber futures ended almost flat on Wednesday, the year's first day of trading, after opening higher as speculators remained cautious about the global economic outlook, putting downward pressure on the Shanghai market. The key Tokyo Commodity Ex
Published 05 Jan, 2012 12:00am
Palm oil flat

Palm oil flat

Malaysian crude palm oil futures closed unchanged on Wednesday as an improving global economic outlook offset profit-taking after a weather-fuelled rally that lifted the market to a six-week high the previous day. For the first week of the new year, marke
Published 05 Jan, 2012 12:00am
Corn and soya advance

Corn and soya advance

Grains began the new year on a strong note on Tuesday, with corn and soyabeans advancing on worries about hot, dry crop weather in Argentina slashing production, coupled with a renewed appetite for risk in global financial markets.
Published 05 Jan, 2012 12:00am
Sugar consolidates

Sugar consolidates

ICE sugar settled lower on Wednesday after creeping to a seven-week high for a second straight day, consolidating gains from the prior session's rally, while cocoa turned down but remained well within its recent range. Arabica coffee reversed lower in lat
Published 05 Jan, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold traded steady on Wednesday, retaining most of the previous session's strong gains on encouraging economic data from the United States and Europe, and rising concerns on Iran also helped support sentiment. Spot gold edged down 0.2 percent to $1,5
Published 05 Jan, 2012 12:00am
US gold rises 2.5 percent

US gold rises 2.5 percent

Gold rose 2.5 percent on Tuesday, recouping all of last week's losses that pushed it to the brink of a bear market, as encouraging US manufacturing data sparked rallies in the euro and the equities markets. Spot gold was up 2.5 percent at $1,604.69 an oun
Published 05 Jan, 2012 12:00am
Gold jumps in Europe

Gold jumps in Europe

Gold was set for its strongest two-day rally in 2-1/2 months on Wednesday after an agreement in principle among European leaders to ban Iranian oil imports boosted the crude price and catapulted bullion to two-week highs. European Union governments reache
Published 05 Jan, 2012 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

US corn futures eased on Wednesday as the dollar strengthened and traders took a breather a day after prices rallied to two-month highs on harsh weather in Argentina, the world's No 2 corn exporter. Wheat dropped more than 1 percent from a three-month hig
Published 05 Jan, 2012 12:00am
US MIDDAY: copper slumps

US MIDDAY: copper slumps

Copper crumbled more than 3 percent on Wednesday as persistent concerns over eurozone sovereign funding requirements eroded confidence and ignited a flight to safety. A day after climbing more than 2 percent in a broad-based New Year rally, copper prices
Published 05 Jan, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose around 1 percent on Wednesday, breaking ranks with the euro as renewed hedge fund and technical buying put the precious metal on track for its fourth straight day of gains. Bullion reversed early losses on rising crude oil prices after European
Published 05 Jan, 2012 12:00am
Bank AL Habib offering various free facilities

Bank AL Habib offering various free facilities

Bank AL Habib Current Plus Account aims to meet all individual and business needs by offering various free facilities to its customers such as personalised cheque book, pay orders, ATM/Debit Card, Internet Banking, Online Banking and SMS Alerts on mainten
Published 05 Jan, 2012 12:00am
Murder of Professor Channer: body formed to conduct inquiry

Murder of Professor Channer: body formed to conduct inquiry

The Vice Chancellor University of Sindh has constituted an eight-member committee to conduct detailed inquiry regarding the assassination of Late Professor Bashir Ahmed Channer, director Students Affairs and former chairman of the Department of Microbiolo
Published 05 Jan, 2012 12:00am
CoAS leaves for China

CoAS leaves for China

Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani left for Beijing, on Wednesday on a five-day official visit at the invitation of Chinese authorities. During the visit, the CoAS will call on China's political and military leadership. The interactio
Published 05 Jan, 2012 12:00am
ISAF violated all coordination procedures in November: ISPR

ISAF violated all coordination procedures in November: ISPR

The spokesman of Pakistan Army has said that all existing coordination procedures were violated by ISAF on the nights of November, 25/26, adding that "we have investigated this matter and found it an unprovoked act of blatant aggression. Such kind of blat
Published 05 Jan, 2012 12:00am
IAL Saatchi & Saatchi is on a Stretch!

IAL Saatchi & Saatchi is on a Stretch!

IAL Saatchi & Saatchi has been making waves in local and international arenas with memorable advertising and brand building initiatives. Recently the lovemarks company implemented a corporate strategy to "Stretch" its team's potential through activities t
Published 05 Jan, 2012 12:00am
Incinerated body of woman found

Incinerated body of woman found

An incinerated body of a woman, who was the mother of four children, was found in the limits of Saachal police station on Wednesday. According to SHO Azhar Ali Iqbal, this tragic incident took place at house No A5/99 located in Bhattaiabad, Ghani Bux Goth
Published 05 Jan, 2012 12:00am
BOLAN CASTINGS LIMITED

BOLAN CASTINGS LIMITED

The Pakistan Automobile Corporation (PACO) under the administration of the Ministry of Production incorporated Bolan Casting Limited (BCL) in 1982. However BCL started commercial production in 1986. In 1993 the automotive castings maker was privatised and
Published 05 Jan, 2012 12:00am
BOLAN CASTINGS LIMITED

BOLAN CASTINGS LIMITED

The Pakistan Automobile Corporation (PACO) under the administration of the Ministry of Production incorporated Bolan Casting Limited (BCL) in 1982. However BCL started commercial production in 1986. In 1993 the automotive castings maker was privatised and
Published 05 Jan, 2012 12:00am
Aquarium, reptile house reopened in zoo

Aquarium, reptile house reopened in zoo

The newly renovated aquarium and reptile house were opened for general public by Karachi Metropolitan Corporation at the city's Zoo on Wednesday. The revived facilities were not available for public for the last three years. This was stated by Administrat
Published 05 Jan, 2012 12:00am
Banks urged to develop plan for SME sector growth

Banks urged to develop plan for SME sector growth

The Governor of the State Bank of Pakistan, Yaseen Anwar, has stressed upon the banks to develop an effective 'SME strategy' by focusing on important areas for the sustainable growth of the SME (small and medium enterprises) sector.
Published 05 Jan, 2012 12:00am
Free calls, SMS with Warid SIM Jagao offer

Free calls, SMS with Warid SIM Jagao offer

Welcoming the New Year, Warid brings back its SIM Jagao offer with more invigorating and embracing feel than ever before. All those Warid customers who have not used their Warid SIM since 1st October, 2011, can start using it now to receive a bonus on eve
Published 05 Jan, 2012 12:00am
Newly married woman commits suicide

Newly married woman commits suicide

A newly-married woman on Wednesday committed suicide at her house in Baldia in the limits of Saeedabad Police Station. According to the police and rescuers, the victim Maryam, 25, wife of Sohail, a resident of Baldia sector 19-D, hung herself up on ceilin
Published 05 Jan, 2012 12:00am
Non-registered persons: PCDMA seeks withdrawal of CNIC condition on sale

Non-registered persons: PCDMA seeks withdrawal of CNIC condition on sale

Former Chairman, Pakistan Chemicals and Dyes Merchants Association (PCDMA), Haroon Agar has urged the President, Prime Minister and Chairman Federal Board of Revenue (FBR) to direct the concerned authorities to withdraw the condition of collecting CNIC co
Published 05 Jan, 2012 12:00am
SSGC gas pipeline blown up in Jaffarabad

SSGC gas pipeline blown up in Jaffarabad

Sui Southern Gas Company (SSGC) has said that its 18 inch diameter high pressure gas pipeline was blown up by some unknown miscreants on Wednesday morning at Jaffarabad, Balochistan. The company said that this serious incident of insurgency occurred at 1:
Published 05 Jan, 2012 12:00am
LUMHS, PAEC sign MOU

LUMHS, PAEC sign MOU

A "Memorandum of Understanding" (MOU) was signed between Liaquat University of Medical & Health Sciences Jamshoro and Pakistan Atomic Energy Commission (PAEC) Islamabad. Professor Noshad A shaikh, Vice Chancellor LUMHS said that the MOU would strengthen t
Published 05 Jan, 2012 12:00am
Online course on Cancer Genetics held

Online course on Cancer Genetics held

The online course on 'Cancer Genetics', especially designed for Ph.D students held at the video conferencing hall of Latif Ebrahim Jamal (LEJ) National Science Information Centre, Karachi University (KU) the other day.
Published 05 Jan, 2012 12:00am
Waseela-e-Taleem

Waseela-e-Taleem

A social safety net programme with the name of Benazir Income Support Programme (BISP) was established in 2008 to tackle the catastrophic impacts of inflation and price hike on the poor, caused by recession in the world markets and highly increased food a
Published 05 Jan, 2012 12:00am
Indonesians dump their shoes to mock heavy-handed police

Indonesians dump their shoes to mock heavy-handed police

An Iraqi journalist made headlines in 2008 when he threw a shoe at President George W Bush to protest the US invasion of his country. More recently, Indonesians have also been using footwear to send a message, dumping cheap shoes outside police stations t
Published 05 Jan, 2012 12:00am
Sales tax on services provided or rendered by construction industry

Sales tax on services provided or rendered by construction industry

A builder, did ask our firm a specific question by stating that he is engaged in selling of apartments and buying of land for construction of buildings, and whether or not in the light of provisions of Sindh Sales Tax on Services Act, 2011,1 service rende
Published 05 Jan, 2012 12:00am
VIEW POINT: The memo and we the people

VIEW POINT: The memo and we the people

As the memo scandal drags on the public debate is getting more and more emotional rather than rational. Otherwise reasonable people are trying to frame the debate as a mere military vs. the civilians issue, underscoring the need to put the former in its p
Published 05 Jan, 2012 12:00am
Military courts

Military courts

If voted to power the PML (N) chief Nawaz Sharif says that his government would set up military courts in Sindh - how much more out of sync with the spirit of times the so-called votary of undiluted democracy could be. If that is his thinking then one can
Published 05 Jan, 2012 12:00am
FBR reform: pay them at market rates

FBR reform: pay them at market rates

The World Bank has squarely laid the blame on 'lack of political will' for non-implementation of Reformed General Sales Tax (RGST) in the Value-Added Tax (VAT) mode. But it can be better explained in words that it was actually an agonising lack of consens
Published 05 Jan, 2012 12:00am
Tribal clash kills one in Jaffarabad

Tribal clash kills one in Jaffarabad

A man was killed and two others sustained injuries in an armed clash between two rival groups in Jaffarabad on Wednesday police said. Clash between two rival tribes turned violent when people from both sides took arm and starting firing to each other, As
Published 05 Jan, 2012 12:00am
NBP arranges discussion session

NBP arranges discussion session

A discussion session on "Challenges posed by latest developments in Risk Management and emerging regulatory framework" was organised by National Bank of Pakistan for the Senior Management and Board of Directors. This session was organised on the specific
Published 05 Jan, 2012 12:00am
Railways workers protest against proposed downsizing

Railways workers protest against proposed downsizing

Workers associated with Pakistan Railways (PR) took out a procession against proposed downsizing and privatisation of the service at Karachi City Railway Station on Wednesday. The procession organised by Pakistan Railways Employees (PREM) Union was addres
Published 05 Jan, 2012 12:00am
'77 percent cases of honour killings end in acquittal of criminals'

'77 percent cases of honour killings end in acquittal of criminals'

In Pakistan almost 77 percent cases of honour killings every year end in acquittal of the criminals while lack of courts information, lack of available consolidated data, categorisation of FIRs, and reluctance of persons to comment on the incidence of 'ho
Published 05 Jan, 2012 12:00am
General elections to be held on schedule: Kaira

General elections to be held on schedule: Kaira

Information Secretary Pakistan Peoples Party, Qamar Zaman Kaira on Wednesday said that the government would complete its tenure adding that elections would be held according to the schedule in March 2013. Talking to a private news channel he said the gove
Published 05 Jan, 2012 12:00am
Resignation of Qureshi, Hashmi and Tareen accepted

Resignation of Qureshi, Hashmi and Tareen accepted

Speaker National Assembly Dr Fehmida Mirza, has accepted the resignations submitted by Shah Mehmood Qureshi, Javed Hashmi and other members of the National Assembly and a notification to this effect was issued on Wednesday.
Published 05 Jan, 2012 12:00am
Sherry meets Gilani

Sherry meets Gilani

Pakistan's Ambassador-designate to the United States, Sherry Rehman called on Prime Minister Syed Yousuf Raza Gilani on Wednesday and discussed matters pertaining to her diplomatic assignments in US. Sherry Rehman, who is all set to leave for the US to as
Published 05 Jan, 2012 12:00am
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