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Print - 2012-01-10
Sri Lanka in 'crisis': minister

Sri Lanka in 'crisis': minister

Sri Lanka's sports minister on Monday blasted the national cricket team's recent performances, saying the side was riven by politics and in "crisis". Mahindananda Aluthgamage vowed to deliver a stern lecture to the players when they return later this mont
Published 10 Jan, 2012 12:00am
Bresnan ruled out

Bresnan ruled out

England will be without paceman Tim Bresnan for their forthcoming Test series against Pakistan because of injury, the England and Wales Cricket Board (ECB) confirmed on Monday. The 26-year-old paceman, who still has soreness in the elbow which was operate
Published 10 Jan, 2012 12:00am
Pakistan cricket team leaves for Dubai

Pakistan cricket team leaves for Dubai

Pakistan cricket team Monday left for Dubai to play a home series against England in the United Arab Emirates amid hopes of winning laurels for the country by keeping the winning spree intact. Pakistan will play three Tests, four One-day internationals an
Published 10 Jan, 2012 12:00am
Barcelona refuse to concede title

Barcelona refuse to concede title

Barcelona coach Pep Guardiola refused to concede defeat in La Liga title race after a 1-1 draw with Espanyol left the defending champions trailing bitter rivals Real Madrid by five points. Barcelona took a 16th-minute lead through a header from Cesc Fabre
Published 10 Jan, 2012 12:00am
National U-21 Hockey Championship begins

National U-21 Hockey Championship begins

In the absence of Pakistan Customs and PIA, National U-21 Hockey Championship will get underway at National Hockey Stadium from Tuesday (today). Pool 'A' is comprised of National Bank of Pakistan, Fata, Army, Islamabad while Pool 'B' consists PHF Academy,
Published 10 Jan, 2012 12:00am
Yemen's cabinet approves immunity law for president

Yemen's cabinet approves immunity law for president

Yemen's cabinet approved a law granting President Ali Abdullah Saleh, and anyone who has worked under him, immunity from prosecution for any crimes committed during his 33-year rule. Sunday's decision came as a surprise to many in Yemen, who believed that
Published 10 Jan, 2012 12:00am
Arab monitors 'buy time' for Assad

Arab monitors 'buy time' for Assad

Arab League monitors are only giving Syrian authorities more time to crush their opponents, opposition figures said on Monday after the League opted to keep the mission in place despite Syria's failure to comply fully with an Arab peace plan. The observer
Published 10 Jan, 2012 12:00am
US extends Grand Canyon mining ban for 20 years

US extends Grand Canyon mining ban for 20 years

The US administration announced Monday a 20-year ban on new mining projects around the Grand Canyon, in a move aimed at protecting the prized tourist area from the impact of uranium extraction. Interior Secretary Ken Salazar said the move would "protect t
Published 10 Jan, 2012 12:00am
Romney defends business record from Republican rivals

Romney defends business record from Republican rivals

On the cusp of a widely expected victory in New Hampshire, Republican front-runner Mitt Romney fought to repel attacks on his business record on Monday as rivals in the presidential race tried to weaken him before a tighter vote in South Carolina.
Published 10 Jan, 2012 12:00am
Cameron pushes for swift Scottish independence vote

Cameron pushes for swift Scottish independence vote

British Prime Minister David Cameron said Scotland should hold an independence referendum as early as next year, clashing with the Scottish National Party (SNP) which wants more time to rally support for a break from the United Kingdom. Cameron, who oppos
Published 10 Jan, 2012 12:00am
Former US Army soldier arrested over aid to Somali militants

Former US Army soldier arrested over aid to Somali militants

A former US Army soldier trained in intelligence and cryptology has been arrested and charged for trying to help the Somali al Shabaab militant group, an al Qaeda affiliate, the US Justice Department said on Monday. Craig Baxam, 24 and from a Maryland sub
Published 10 Jan, 2012 12:00am
World needs economic ethics, new rules: pope

World needs economic ethics, new rules: pope

The global crisis shows that the world needs economic ethics and new rules so the financial system benefits all humanity, Pope Benedict said on Monday in his keynote speech for the New Year. In a wide-ranging address, the pontiff also called for the end o
Published 10 Jan, 2012 12:00am
British TV chef 'sorry' for shoplifting cheese and wine

British TV chef 'sorry' for shoplifting cheese and wine

A British celebrity television chef apologised on Monday for being "stupid and irresponsible" after he was arrested for shoplifting cheese and wine from a supermarket. Antony Worrall Thompson, 60, who stars in the show "Ready, Steady, Cook", was cautioned
Published 10 Jan, 2012 12:00am
Tokyo 'to hand over' Australian anti-whaling activists

Tokyo 'to hand over' Australian anti-whaling activists

Tokyo plans to hand over to Australia three anti-whaling activists held aboard a ship escorting the Japanese harpoon fleet on an Antarctic hunt, Japan's Jiji Press news agency reported Monday. Japanese government officials told Jiji that the authorities h
Published 10 Jan, 2012 12:00am
Guinea Bissau president dies

Guinea Bissau president dies

Guinea Bissau President Malam Bacai Sanha died on Monday in a Paris hospital where he was undergoing treatment, according to a statement from his office read over local radio. Sanha had been in poor health since coming to power in 2009 and left Bissau in
Published 10 Jan, 2012 12:00am
Linking trade, Iranian nukes rejected

Linking trade, Iranian nukes rejected

A top Chinese diplomat has rejected linking Iran's nuclear programme to trade on the eve of a visit by US Treasury Secretary Timothy Geithner to seek support for sanctions on Tehran's oil industry. Chinese Deputy Foreign Minister Cui Tiankai says China's
Published 10 Jan, 2012 12:00am
China warns US to be 'careful' in military refocus

China warns US to be 'careful' in military refocus

China's Ministry of Defence warned the United States on Monday to be "careful in its words and actions" after announcing a defence rethink that stresses responding to China's rise by shoring up US alliances and bases across Asia. The statement from the mi
Published 10 Jan, 2012 12:00am
New York cotton settles at two-month high

New York cotton settles at two-month high

Cotton futures finished near a two-month top Monday on follow-through investor buying, and the market may be bracing for a run at the psychological $1 a lb level over the next few weeks, analysts said. The benchmark March cotton contract increased 0.58 ce
Published 10 Jan, 2012 12:00am
Shanghai copper drops

Shanghai copper drops

The most-traded March copper contract on the Shanghai Futures Exchange fell 0.7 percent to 55,490 yuan ($8,800) a tonne on Monday. "Across the commodity complex, gains were capped because of dollar strength," said Ong Yiling, an investment analyst at Phil
Published 10 Jan, 2012 12:00am
Copper falls

Copper falls

Copper fell on Monday as markets feared that a solution to Europe's debt crisis remained out of reach, suggesting dim prospects for metals demand despite signs of improved growth in the United States, the world's largest economy. Other metals ended in pos
Published 10 Jan, 2012 12:00am
Oil prices dip

Oil prices dip

Oil prices edged lower in choppy trade on Monday as concerns about the eurozone's economy countered fears about Iran's threats to shut the key Strait of Hormuz oil-shipping route and Tehran's ongoing dispute with the West over the Iranian nuclear program.
Published 10 Jan, 2012 12:00am
Ottawa to face suit over Wheat Board

Ottawa to face suit over Wheat Board

A Saskatchewan lawyer said on Monday that he will file a C$15.4 billion ($15 billion) class action lawsuit against the Canadian government over the dismantling of the Wheat Board's grain monopoly. But Agriculture Minister Gerry Ritz called the legal actio
Published 10 Jan, 2012 12:00am
Weather concerns lift Malaysian palm oil

Weather concerns lift Malaysian palm oil

Malaysian crude palm oil futures edged up on Monday as weather concerns in top oilseed producing regions trumped renewed worries about the eurozone debt crisis and investor caution ahead of key industry data. Traders are looking at prospects of dry weathe
Published 10 Jan, 2012 12:00am
Cocoa soar as Ivorian arrivals slow

Cocoa soar as Ivorian arrivals slow

Cocoa futures rocketed higher on Monday, their biggest surge in more than two years, as a slowdown in port arrivals in top grower Ivory Coast encouraged investors to cover short positions as the market focused on upcoming fourth-quarter grind data. Market
Published 10 Jan, 2012 12:00am
Gold eases in Asia

Gold eases in Asia

Gold prices edged down on Monday, after the momentum that pushed prices up 3 percent last week fizzled as the dollar firmed with growing worries about the eurozone debt crisis. Spot gold dropped 0.2 percent to $1,613.70 an ounce by 0713 GMT, on course for
Published 10 Jan, 2012 12:00am
Gold recovers in London trade

Gold recovers in London trade

Gold recovered from lows on Monday, lifted by gains in the euro versus the dollar after French and German leaders said there had been progress on the region's fiscal integration, but its rise was capped by caution after the metal's hefty losses last month
Published 10 Jan, 2012 12:00am
US MIDDAY: corn, soya rally

US MIDDAY: corn, soya rally

US corn climbed on Monday and soyabeans rebounded from two straight losing sessions after hotter-than-expected weekend weather in drought-hit Argentina and southern Brazil deepened concerns over crop losses in those major exporting countries. Wheat rose f
Published 10 Jan, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold traded flat on Monday, moving in tandem with equities and riskier assets, as investors focused on technical resistance and kept fretting about the eurozone debt crisis. Gold rose in early trade, then surrendered those gains after Germany and France w
Published 10 Jan, 2012 12:00am
PIDE graduate wins European Foundation Award

PIDE graduate wins European Foundation Award

Saima Mahmood, a Ph.D. graduate of the Pakistan Institute of Development Economics (PIDE), has won the prestigious European Foundation Award for her outstanding doctoral research from the European Foundation for Management Development in the Human Resourc
Published 10 Jan, 2012 12:00am
Two-day gas supply to industries: PIAF hails government decision

Two-day gas supply to industries: PIAF hails government decision

Pakistan Industrial and Traders Associations Front (PIAF) has hailed the government's decision to restore two-day gas supply to the industry in Punjab and to withdraw cases against LCCI office-bearers. PIAF Chairman Sohail Lashari in a statement on Monday
Published 10 Jan, 2012 12:00am
'Gas closures have drastically impacted industrial productivity'

'Gas closures have drastically impacted industrial productivity'

and caused continuing decline of 14 percent in October and 20 percent in November, and has direly affected millions of daily wage workers and vendors of textile industry. These apprehensions were expressed by Arif Tauseef, Chairman of Pakistan Textile Exp
Published 10 Jan, 2012 12:00am
13 drown as bus falls into river

13 drown as bus falls into river

13 passengers drowned when a Layyah-bound bus coming from Karachi fell into the Indus River in Kot Mithan area of Rajanpur district on Monday. The police said that the accident occurred when Nishtar Bridge collapsed due to technical fault and resultantly
Published 10 Jan, 2012 12:00am
Bill Gates contacts Arfa's father for treatment

Bill Gates contacts Arfa's father for treatment

Chairman of Microsoft, billionaire Bill Gates has contacted with the parents of world's youngest Microsoft Certified Professional Arfa Karim for her treatment, private news channel reported. According Arfa's father Amjab Karim Randhawa, Bill Gates telepho
Published 10 Jan, 2012 12:00am
Ulema urged to pray for Arfa's recovery

Ulema urged to pray for Arfa's recovery

Ameer Jamaat-e-Islami Syed Munawar Hasan on Monday asked the Ulema to pray for the quick recovery of 9-year-old, Arfah Karim, who is world's youngest Microsoft Certified Professional. He said that Arfah had broken past world record in software at such a s
Published 10 Jan, 2012 12:00am
Dr Nasim's book published

Dr Nasim's book published

Institute of Agricultural Sciences (IAS) Punjab University, Professor Dr Ghazala Nasim's book titled "Flora of Punjab University Sir Syed Campus and Ayubia National Park" has been published by the Punjab University. In her book, Dr Nasim has provided deta
Published 10 Jan, 2012 12:00am
Formation of PHPDB: Changez Jamali assures of removing hurdles

Formation of PHPDB: Changez Jamali assures of removing hurdles

Federal Minister for Science & Technology Mir Changez Khan Jamali said on Monday that work on Pakistan Halal Product Development Board (PHPDB) would be expedited and all bureaucratic hurdles will be removed. The minister was talking to LCCI President Irfa
Published 10 Jan, 2012 12:00am
Cracks in N-League are visible, claims Elahi

Cracks in N-League are visible, claims Elahi

Pakistan Muslim League-Q leader and Federal Minister Chaudhry Pervaiz Elahi Monday claimed that cracks in N-League are visible and those opposing politics of Nawaz Sharif are leaving the PML-N. He said this while talking to former district Naib Nazim of C
Published 10 Jan, 2012 12:00am
Efforts on for setting up of LHC bench in Faisalabad

Efforts on for setting up of LHC bench in Faisalabad

Punjab Law Minister Sanaullah Khan has said that the Punjab government is in favour of establishment of a High Court bench at Faisalabad, and serious efforts are being made following the constitutional process in this regard. He was talking to newsmen her
Published 10 Jan, 2012 12:00am
Disabled boy: non-admission despite merit is unjustified: CJ LHC

Disabled boy: non-admission despite merit is unjustified: CJ LHC

Lahore High Court Chief Justice here Monday admonished a dean and took serious notice of irresponsible behaviour of University of Veterinary and Animal Sciences officials of not giving admission to a disable student who had secured the first position in t
Published 10 Jan, 2012 12:00am
Trade bodies give 72-hour ultimatum to stop power outage

Trade bodies give 72-hour ultimatum to stop power outage

Thousands industrial workers, including daily wagers on Monday blocked roads as a protest against prolonged power outage in Sialkot, which is a hub of cottage industry and only export-oriented city of the country. The protesters blocked main points of hig
Published 10 Jan, 2012 12:00am
Power sector entities: USAID starts capacity building programme

Power sector entities: USAID starts capacity building programme

The USAID has initiated a training programme comprising a "beginners level" course for newly recruited/junior engineers and a three week "advanced level" course for experienced/senior engineers to build the capacity of power sector entities.
Published 10 Jan, 2012 12:00am
Partly Facetious: Lack of planes is Tarin's fault?

Partly Facetious: Lack of planes is Tarin's fault?

"The President has assured the people of this country that the PPP's election slogan will remain roti kapra aur makaan... And for anti-democracy people like you, let me assure you that the aur is not to be mistaken for the English or. In other words, the
Published 10 Jan, 2012 12:00am
SCBA meeting tomorrow

SCBA meeting tomorrow

The second meeting of the 14th Executive Committee of the Supreme Court Bar Association of Pakistan will be held on January 11, according to Secretary of the Bar Aslam Zar. President of the Supreme Court Bar Association, Yasin Azad will preside over the m
Published 10 Jan, 2012 12:00am
NIT adopts latest technology

NIT adopts latest technology

National Investment Trust, Pakistan's first and largest asset management company has electronically transformed its services using modern technological techniques to facilitate its unit-holders. "With the introduction of latest technology for transaction,
Published 10 Jan, 2012 12:00am
NIT adopts latest technology

NIT adopts latest technology

National Investment Trust, Pakistan's first and largest asset management company has electronically transformed its services using modern technological techniques to facilitate its unit-holders. "With the introduction of latest technology for transaction,
Published 10 Jan, 2012 12:00am
Project 'Economic Revitalisation of Khyber Pakhtunkhwa, Fata' launched

Project 'Economic Revitalisation of Khyber Pakhtunkhwa, Fata' launched

The project of 'Economic Revitalisation of Khyber Pakhtunkhwa and Fata' (ERKF) funded by multi-donor trust fund (MDTF) under the auspices of World Bank (WB) has been launched. This was stated by Chief Executive Officer (CEO), Small and Medium Enterprises
Published 10 Jan, 2012 12:00am
'South Korea prioritising to invest in Pakistan'

'South Korea prioritising to invest in Pakistan'

Ambassador of Pakistan to South Korea, Shaukat Ali Mukadam, said that a paradigm shift for Korean investment has been observed and now they are prioritising to invest in Pakistan and other regional countries while earlier they made huge investment in West
Published 10 Jan, 2012 12:00am
Call to shift BCB office to Hyderabad

Call to shift BCB office to Hyderabad

Hyderabad Chamber of Commerce & Industry has passed a resolution demanding the Sindh government to shift Building Control Board (BCB) office from Karachi to Hyderabad and provide basic facilities in the SITE area. A meeting chaired by HCCI President Gohar
Published 10 Jan, 2012 12:00am
Cold, dry weather likely to continue

Cold, dry weather likely to continue

Gilgit-Baltistan and Kashmir are expected to receive rain with snowfall over the hills in the next 24 hours, the met office said on Monday. Cold and dry weather is likely to continue in the country, the office said, adding that the dense foggy conditions
Published 10 Jan, 2012 12:00am
Forex gold: Eventful week that ends on favourable note

Forex gold: Eventful week that ends on favourable note

It was an eventful week that ended on a positive note helped by favourable US economic data. The US housing and manufacturing figures were encouraging and later in the week a US rise in payrolls gave a further boost to the unemployment numbers that came d
Published 10 Jan, 2012 12:00am
Three notorious criminals arrested

Three notorious criminals arrested

At least three notorious criminals including two target killers were said to be arrested in separate raids at various parts of the metropolis here on Monday. According to SP Mazhar Mashwani, the Crime Investigation Department (CID) on a tip-off conducted
Published 10 Jan, 2012 12:00am
PTA likely to be signed with Indonesia by this month-end: Puri

PTA likely to be signed with Indonesia by this month-end: Puri

Chief Executive, Trade Development Authority of Pakistan (TDAP), Tariq Iqbal Puri, informed business community that Preferential Tariff Agreement (PTA) between Pakistan and Indonesia is likely to be singed by the end of this month.
Published 10 Jan, 2012 12:00am
Shah Abdul Latif Bhitai's Urs begins

Shah Abdul Latif Bhitai's Urs begins

The 268th annual Urs of Sindhi sufi poet Shah Abdul Latif Bhitai have started at Bhitshah Town from Monday for three days. Holiday has been declared on Monday all over the Sindh to pay homage to Sindhi sufi poet Shah Abdul Latif Bhitai, reported a private
Published 10 Jan, 2012 12:00am
The web

The web

Different statements by the US government on various occasions and the publication of a series of reports blaming Pakistan for not doing enough or for secretly involved in some understanding with the Taliban are creating an environment of mistrust. The US
Published 10 Jan, 2012 12:00am
Politically savvy New Hampshire takes hard look at Romney

Politically savvy New Hampshire takes hard look at Romney

Cries of "Mitt, Mitt, Mitt" filled the small gymnasium of Exeter High School as hundreds of New Hampshire residents packed in to hear from the Republican candidate who seems poised to face President Barack Obama in the November elections. But Mitt Romney
Published 10 Jan, 2012 12:00am
Deficits galore

Deficits galore

Last week, the Governor State Bank of Pakistan (SBP) discussed with a Standing Committee of the Senate the critical issues (reflected in the statistics available with the SBP) that are likely to impact the economy in the near future. Worryingly, there was
Published 10 Jan, 2012 12:00am
A risky route

A risky route

The PPP core committee's meeting on Thursday declared that the Federation had submitted its reply to the Supreme Court in the memo scandal case, which should be taken as the President's reply. And that the President would not file a statement, as demanded
Published 10 Jan, 2012 12:00am
Trends in inflation

Trends in inflation

Though the latest monthly trend in prices suggests some improvement, the overall inflationary situation in the country continues to be disturbing. The CPI inflation swelled by 10.87 percent during July-December, 2011 over the same period of the previous f
Published 10 Jan, 2012 12:00am
Saudi, Qatar ready to supply Japan with more oil

Saudi, Qatar ready to supply Japan with more oil

Saudi Arabia and Qatar are ready to supply Japan with more oil in the event of a shortage due to new sanctions imposed on Iran by the West. Japan is considering cutbacks in its Iranian oil purchases to secure a waiver from the new US sanctions on the Isla
Published 10 Jan, 2012 12:00am
Picasso, Mondrian paintings stolen

Picasso, Mondrian paintings stolen

Three works of art, including one by Pablo Picasso and another by Dutch painter Piet Mondrian, were stolen from Greece's National Gallery on Monday, police said. Thieves broke into the gallery in the early hours and snatched Picasso's 1939 painting "Woman
Published 10 Jan, 2012 12:00am
China nudges South Korea to reach out to North

China nudges South Korea to reach out to North

Chinese President Hu Jintao on Monday nudged his visiting South Korean counterpart to seek better ties with North Korea, the official Xinhua news agency reported, ahead of meetings between envoys to discuss the North's nuclear programme.
Published 10 Jan, 2012 12:00am
Tribal clashes in South Sudan kill 24

Tribal clashes in South Sudan kill 24

Tribal clashes have killed at least 24 people in a South Sudan state, where 60,000 people have been displaced due to fighting between two rival tribes, officials said on Monday. South Sudan became Africa's newest nation in July after a referendum agreed u
Published 10 Jan, 2012 12:00am
European Liberals say euro pact must focus on fiscal matters

European Liberals say euro pact must focus on fiscal matters

The fiscal pact to fix the eurozone debt crisis should focus on steps needed to secure budgetary discipline and should not divide the wider European Union, European Liberal leaders said after meeting in London on Monday. Policymakers from Liberal parties
Published 10 Jan, 2012 12:00am
Mubarak era figures recycle careers in rural Egypt

Mubarak era figures recycle careers in rural Egypt

Far from Egypt's cities where Hosni Mubarak's old allies might fear to face the electorate, figures from the deposed leader's era have re-emerged to run for parliament in rural areas where sectarian rivalries can be played for political advantage. In Meny
Published 10 Jan, 2012 12:00am
Astronomers make biggest map of dark matter in universe

Astronomers make biggest map of dark matter in universe

International astronomers said Monday they have created the largest map of dark matter ever observed in the universe, using data from potent telescopes that scanned 10 million galaxies. The mysterious substance is believed to make up about a quarter of th
Published 10 Jan, 2012 12:00am
13 bodies dumped near Mexican gas station

13 bodies dumped near Mexican gas station

Mexican police found thirteen bodies dumped near a gas station in the western state of Michoacan, authorities said Monday. The bullet-riddled male bodies were found early Monday in the town of Zitacuaro, according to a statement from the local attorney ge
Published 10 Jan, 2012 12:00am
Clash in Chechnya leaves 8 dead, 18 wounded

Clash in Chechnya leaves 8 dead, 18 wounded

The Russian Interior Ministry says four of its officers were killed and 16 wounded during a clash with militants in the mountains of southern Chechnya. Ministry spokesman Valentin Kalyuzhny said Monday that four militants also were killed and two wounded.
Published 10 Jan, 2012 12:00am
Polish prosecutor shoots self after news conference

Polish prosecutor shoots self after news conference

A Polish military prosecutor shot himself in the head on Monday after abruptly cutting short a news conference in which he had defended a military investigation into leaks related to a plane crash that killed Poland's president in Russia two years ago. Mi
Published 10 Jan, 2012 12:00am
Tokyo markets closed

Tokyo markets closed

Stocks, financial and commodity markets in Japan were closed on Monday for a public holiday.
Published 10 Jan, 2012 12:00am
Most Southeast Asian stocks edge up

Most Southeast Asian stocks edge up

Most Southeast Asian stock markets posted modest gains on Monday as investors picked consumer and financial stocks supported by growth at home, with sentiment reviving after signs of improvement in the German and US economies. The region recouped early lo
Published 10 Jan, 2012 12:00am
South Korean stocks fall

South Korean stocks fall

Seoul shares ended lower on Monday as investors cashed in ahead of the first options expiration date of the year, and amid persistent jitters over the eurozone debt crisis and company earnings. "Confidence is not high ahead of the expiry of options on Thu
Published 10 Jan, 2012 12:00am
Political woes drag Kuwait's index to seven-year low; Gulf down

Political woes drag Kuwait's index to seven-year low; Gulf down

Kuwait's benchmark fell to a seven-year low on Monday as bank stocks slumped, with traders pessimistic on the local economy amid political turmoil in the world's sixth-largest oil exporter. National Bank of Kuwait dropped 1.8 percent and Islamic lender Ku
Published 10 Jan, 2012 12:00am
Monday's midday trade: Wall Street slightly higher

Monday's midday trade: Wall Street slightly higher

US stocks were slightly higher on Monday as a tug-of-war continued between investor optimism about US corporate earnings and fears about a possible lack of demand for Europe's debt at auctions this week. Major indexes bounced between modest gains and loss
Published 10 Jan, 2012 12:00am
Indian shares fall on growth worries

Indian shares fall on growth worries

Indian shares fell 0.22 percent on Monday as investors sold on concerns sluggish economic growth would dent corporate earnings due to higher costs and interest rates. Prime Minister Manmohan Singh on Sunday said the Indian economy would likely withstand a
Published 10 Jan, 2012 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 0.39 percent on Monday with sentiment cautious ahead of the presidential elections this week, while HTC tumbled after the smartphone maker reported a disappointing quarterly result. The main TAIEX index shed 27.47 points to 7,093.04, it
Published 10 Jan, 2012 12:00am
Chinese and Hong Kong shares soar

Chinese and Hong Kong shares soar

China shares produced their biggest daily gain in three months on Monday, with the Shanghai Composite Index surging 2.9 percent on better-than-expected December loan growth and money supply data as well as comments by Chinese Premier Wen Jiabao.
Published 10 Jan, 2012 12:00am
European shares tumble

European shares tumble

European shares fell on Monday in thin trade, dragged down by banking stocks after Unicredit's rocky start to its key rights issue and worries about prospects for the US earnings season. Aluminium producer Alcoa Inc, a bellwether for the broader economy b
Published 10 Jan, 2012 12:00am
Sri Lankan shares remain lower

Sri Lankan shares remain lower

Sri Lanka's share market fell to near three-week low, extending the losses for a fifth straight session with volume slumping to a 21-month low ahead of a regulator meeting, which is expected to decide on a credit ruling that has hampered the market since
Published 10 Jan, 2012 12:00am
Financials drag on FTSE as Greece fears rise

Financials drag on FTSE as Greece fears rise

Britain's FTSE 100 closed down on Monday with financials under pressure after a warning by German Chancellor Angela Merkel reignited fears of a Greek default, while GlaxoSmithKline fell on worries over its key lung drug Relovair. London's blue chip index
Published 10 Jan, 2012 12:00am
Schneider Electric acquires Telvent

Schneider Electric acquires Telvent

Schneider Electric, the global leader in energy management, has recently acquired Telvent, a leading real-time IT solution and information provider for a sustainable world, to meet the needs of cities across the world. The solution provides cities with an
Published 10 Jan, 2012 12:00am
Khyber Pakhtunkhwa doctors' community goes on strike

Khyber Pakhtunkhwa doctors' community goes on strike

Doctors' community of Khyber Pakhtunkhwa went on complete strike and boycott from attending their duties against the killing of senior doctor and known cardiologist, Said Jamal Hussain, a renowned cardiologist and demanded provision of adequate security t
Published 10 Jan, 2012 12:00am
First half cement exports down five percent

First half cement exports down five percent

The country's cement exports fell by some 5 percent during the first half of current fiscal year due to slow external demand. Industry sources said cement exports stood at 4.458 million tons during July-December of fiscal year 2011-12 compared with 4.672
Published 10 Jan, 2012 12:00am
Fazl asks FPCCI to understand trade with India and its impact

Fazl asks FPCCI to understand trade with India and its impact

Chief of Jamiat Ulema-e-Islam (JUI), Maulana Fazlur Rehman has asked of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) to assist Kashmir committee to understand the issue of trade with India and its impact on Pakistan economy.
Published 10 Jan, 2012 12:00am
AKU-IED introduces programme for teachers

AKU-IED introduces programme for teachers

The Balochistan Education Department and Aga Khan University Institute for Educational Development (AKU-IED) are collaborating to support the department's vision for restructuring the education system across the province.
Published 10 Jan, 2012 12:00am
PPP focuses on Senate polls, set to gain majority

PPP focuses on Senate polls, set to gain majority

Pakistan People's Party (PPP) leadership is focused on the upcoming Senate elections, as the party is all set to gain majority in the Upper House for the first time in its history.
Published 10 Jan, 2012 12:00am
Fresh spree of targeted killing claims six lives

Fresh spree of targeted killing claims six lives

A fresh spree of targeted killing on Monday engulfed the city again as at least six persons including a cop and a member of MQM's elder Committee were killed in separate incidents at various parts of the metropolis. According to details, a police officer
Published 10 Jan, 2012 12:00am
Efforts on to revive Pak-Afghan Joint Peace Commission

Efforts on to revive Pak-Afghan Joint Peace Commission

The Pak-Afghan Joint Peace Commission tasked to look at the prospects of dialogue with the Taliban is yet to initiate the process, as the reconciliation process was stalled after the assassination of former Afghan president and chairman Afghan High Peace
Published 10 Jan, 2012 12:00am
IUB to launch new courses: vice chancellor

IUB to launch new courses: vice chancellor

Islamia University of Bahawalpur (IUB) Vice Chancellor Professor Dr Muhammad Mukhtar said on Monday the university was planning to launch new courses at diploma, graduation and master level in the perspective of human rights and civic education besides or
Published 10 Jan, 2012 12:00am
Ufone brings roaming buckets

Ufone brings roaming buckets

Taking another step forward in offering greater value-addition; Ufone is prepared to take international roaming to a new level with affordable costs and convenience of connectivity. While visiting USA, Ufone prepaid connection is your best partner for cel
Published 10 Jan, 2012 12:00am
PTCL launches 3G smartphone

PTCL launches 3G smartphone

Pakistan Telecommunication Company Limited (PTCL) has launched Pakistan's first 3G enabled Android Smartphone IVIO Icon Pro that offers dual support for both EVDO and GSM/CDMA network. Based on Android 2.2 Froyo and powered by a 600 MHz Qualcomm processor
Published 10 Jan, 2012 12:00am
South Asian countries urged to promote regional trade

South Asian countries urged to promote regional trade

Islamabad Chamber of Commerce and Industry (ICCI) urged South Asian countries on Monday to gear up efforts for creating new opportunities and promote regional trade to bring prosperity and stability in the region. "South Asian countries including Pakistan
Published 10 Jan, 2012 12:00am
Water outflow from Tarbela, Mangla Dams reduces

Water outflow from Tarbela, Mangla Dams reduces

The Indus River System Authority (IRSA) has further reduced water outflows from Tarbela and Mangla dams during the month long closure of canals to conserve water for irrigating the strategic winter crops including wheat, grams, oilseeds, sunflower, vegeta
Published 10 Jan, 2012 12:00am
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