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Print - 2012-01-21
Prices move up modestly, spot rate at Rs 5,600 on cotton market

Prices move up modestly, spot rate at Rs 5,600 on cotton market

Rates moved modestly higher on the cotton market on Friday as spinners and mills continued buying on expectations of increase in foreign demand, dealers said. The official spot rate was raised by Rs 100 to Rs 5,600, they said. Prices of seedcotton in Sind
Published 21 Jan, 2012 12:00am
No change on grain market

No change on grain market

Not a single change was seen on the wholesale grain and oilseeds market on Friday as most of the participants were busy in preparations for Juma prayers, according to the grain and seed merchants group's press release.
Published 21 Jan, 2012 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday for the first time in six sessions amid worries over hot, dry weather in South American soyabean-growing areas and supportive outside markets. Futures technically recovering after recent steep declines which out
Published 21 Jan, 2012 12:00am
Commerzbank bankers bonus row heads for London trial

Commerzbank bankers bonus row heads for London trial

Around 100 British bankers will next week pitch themselves against Commerzbank, the part state-owned German lender, in a four-week London trial over 52 million euros ($66 million) in unpaid bonuses. The row, which returns to court amid increasing public a
Published 21 Jan, 2012 12:00am
Petroplus seeks refinery sales in hostile market

Petroplus seeks refinery sales in hostile market

Troubled oil refiner Petroplus raised the spectre of a permanent shutdown of three of its five refineries, putting one on the market and saying it would consider the future of two others in a European market awash with un-saleable plants. Europe's largest
Published 21 Jan, 2012 12:00am
Chad shuts refinery in dispute with Chinese partner

Chad shuts refinery in dispute with Chinese partner

Chad's government said it has shut down the country's only oil refinery and will expel the plant's director after joint-venture partner China National Petroleum Corp refused to produce fuel at the government-set price. The closure of the 20,000 barrel-per
Published 21 Jan, 2012 12:00am
Ukraine wants to refinance maturing IMF debt: Prime Minister

Ukraine wants to refinance maturing IMF debt: Prime Minister

Ukraine wants to refinance its debt to the International Monetary Fund maturing this year with fresh borrowing from the Fund, Prime Minister Mykola Azarov said on Friday. "At the very least, we want the (IMF) programme to cover our debt repayments to them
Published 21 Jan, 2012 12:00am
Greece, creditors close in on debt cut deal

Greece, creditors close in on debt cut deal

Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens. The agreement, to be followed up by technic
Published 21 Jan, 2012 12:00am
Iberia reaches jobs deal with crew to avoid strikes

Iberia reaches jobs deal with crew to avoid strikes

Spanish airline Iberia told ground crews on Friday they can keep their jobs until 2015 in an important agreement to avoid weekly strikes that threatened to handicap the air carrier's operations. Iberia's 16,000 ground staff had threatened to hold indefini
Published 21 Jan, 2012 12:00am
Google results fall short

Google results fall short

Google Inc's quarterly results fell short of Wall Street's heightened expectations for the holiday season as declining search advertising rates contributed to a rare miss, triggering a 9 percent slide in its shares. The No 1 Internet search engine underpe
Published 21 Jan, 2012 12:00am
US home sales at 11-month high, supply falls

US home sales at 11-month high, supply falls

Sales of previously owned US homes rose to an 11-month high in December and the supply of properties on the market tumbled to a near 7-year low, pointing to a nascent recovery in the housing market. The National Association of Realtors said on Friday exis
Published 21 Jan, 2012 12:00am
Europe bank recap tests fledgling watchdog

Europe bank recap tests fledgling watchdog

Europe's banking regulator may need to bare its teeth to make sure its plan to fill a gaping capital hole is not left open to ridicule if lenders use over-optimistic assumptions on economic growth and asset sales. Thirty-one banks must tell their national
Published 21 Jan, 2012 12:00am
China's fiscal revenue surges to record $1.6 trillion

China's fiscal revenue surges to record $1.6 trillion

China's fiscal revenues jumped by a quarter in 2011 to a record 10.37 trillion yuan ($1.64 trillion), China's Ministry of Finance said on Friday, leaving Beijing with plenty of financial firepower to help manage an economic soft-landing. Although Chinese
Published 21 Jan, 2012 12:00am
Microsoft's Windows battles slack PC sales

Microsoft's Windows battles slack PC sales

Microsoft Corp's fiscal second-quarter profit fell very slightly as lagging computer sales to cash-strapped consumers in the United States and Europe hurt its core Windows business. Companies and emerging markets are still hungry for new PCs, according to
Published 21 Jan, 2012 12:00am
Reliance third quarter profit drops

Reliance third quarter profit drops

Indian energy conglomerate Reliance Industries reported its first quarterly profit drop in more than two years, and moved to bolster its underperforming shares by announcing a share buyback of up to 104.4 billion rupees ($2.1 billion). Reliance, India's b
Published 21 Jan, 2012 12:00am
Reliance third quarter profit drops

Reliance third quarter profit drops

Indian energy conglomerate Reliance Industries reported its first quarterly profit drop in more than two years, and moved to bolster its underperforming shares by announcing a share buyback of up to 104.4 billion rupees ($2.1 billion). Reliance, India's b
Published 21 Jan, 2012 12:00am
UK retailers get Christmas boost from discounting

UK retailers get Christmas boost from discounting

British retail sales rebounded strongly in December as stores slashed prices to get customers through the door, boosting hopes the economy avoided recession at the end of 2011 even if the outlook remains poor. Before the data, economists were forecasting
Published 21 Jan, 2012 12:00am
Vodafone wins India tax battle

Vodafone wins India tax battle

Vodafone Group Plc won a $2.2 billion legal battle against India's tax office in a Supreme Court ruling that analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India. India's reputation
Published 21 Jan, 2012 12:00am
Vodafone wins India tax battle

Vodafone wins India tax battle

Vodafone Group Plc won a $2.2 billion legal battle against India's tax office in a Supreme Court ruling that analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India. India's reputation
Published 21 Jan, 2012 12:00am
Sri Lankan stocks at 16-month low

Sri Lankan stocks at 16-month low

Sri Lanka's share market edged down on Friday for a fourth straight session on uncertainty over interest rates and exchange rates amid the regulator probing in to share manipulation. The market was up for the most of the day due to retail buying in batter
Published 21 Jan, 2012 12:00am
Asian markets remain higher

Asian markets remain higher

Asian markets rose for a fourth straight day Friday on strong French and Spanish bond sales, the lowest US jobs claims for almost four years and hopes Greece will agree a debt deal with its creditors. The euro also strengthened against the dollar and the
Published 21 Jan, 2012 12:00am
Hong Kong and Chinese shares rise

Hong Kong and Chinese shares rise

Hong Kong shares jumped 0.84 percent on Friday to their highest level in more than three months following strong bond sales in France and Spain as well as upbeat US jobs figures. The benchmark Hang Seng Index added 167.42 points to 20,110.37 on turnover o
Published 21 Jan, 2012 12:00am
Friday's afternoon trade: GE, Google and AmEx all fall after results

Friday's afternoon trade: GE, Google and AmEx all fall after results

The S&P 500 and Nasdaq dipped on Friday after a pair of bellwether corporate earnings fell short of lofty expectations, though a trio of strong results from Dow components kept the blue chip average in positive territory. Investors also kept an eye on Gre
Published 21 Jan, 2012 12:00am
Financials lift US stocks after bank earnings

Financials lift US stocks after bank earnings

US stocks rose for the third straight day on Thursday, sparked by results from Bank of America and Morgan Stanley and as the latest jobless claims dropped to a near four-year low. The S&P 500 hit a fresh five-month high, with the industrials, consumer dis
Published 21 Jan, 2012 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasuries prices fell on Thursday after France and Spain held successful debt auctions and investors became less fearful of a euro zone calamity, reducing the demand for safe haven US debt. Investors are becoming more hopeful cheap funds borrowed from
Published 21 Jan, 2012 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasuries prices fell on Thursday after France and Spain held successful debt auctions and investors became less fearful of a euro zone calamity, reducing the demand for safe haven US debt. Investors are becoming more hopeful cheap funds borrowed from
Published 21 Jan, 2012 12:00am
South Korea's KOSPI posts six-month high

South Korea's KOSPI posts six-month high

Seoul shares extended their rally on Friday ahead of an extended holiday to close at a near six-month high as subsiding eurozone worries prompted foreign investors to up the ante in their buying binge. "Fundamental risk perceptions have been reduced by th
Published 21 Jan, 2012 12:00am
Nikkei hits two-month peak

Nikkei hits two-month peak

Japan's Nikkei average closed at its highest level in more than two months on Friday, with investor sentiment riding high on encouraging results from US banks, while near-term concerns over Europe eased after solid demand at debt auctions. Financial share
Published 21 Jan, 2012 12:00am
Australian shares up

Australian shares up

Australian shares rose 0.6 percent on Friday, boosted by solid euro zone sovereign debt sales and signs that Greece may be moving closer to a vital debt-swap deal, easing concerns over Europe's refinancing capacity and raising risk appetite. The main shar
Published 21 Jan, 2012 12:00am
European shares extend winning run to five weeks

European shares extend winning run to five weeks

European shares notched up a fifth straight week of gains, as the outlook for the global economy improved and on optimism Greece would avoid a messy default. However, equities suffered a slight reversal on Friday on weaker resources stocks, and with Novar
Published 21 Jan, 2012 12:00am
FTSE breaks rally but banks extend gains

FTSE breaks rally but banks extend gains

Britain's blue chip gauge snapped a four-session rally on Friday, weighed down by weak Chinese macro-economic data, disappointing earnings from key US companies and uncertainty over the outcome of Greece's debt negotiations. Minining stocks shed 0.9 perce
Published 21 Jan, 2012 12:00am
Euro stabilises in Asia

Euro stabilises in Asia

The euro held steady against the dollar on Friday and was on track for its biggest weekly gain in three months, having rallied on short-covering following its recent drop to a 17-month low. Market players said position unwinding might give the euro a furt
Published 21 Jan, 2012 12:00am
Euro falls in London

Euro falls in London

The euro retreated from a two-week high against the dollar on Friday as investors took profits on a short-covering rally, but cautious hopes Greece may be nearing a deal to avoid a chaotic default may offer support. The single currency was last down 0.4 p
Published 21 Jan, 2012 12:00am
Midday trade in New York: Euro dips from two-week high

Midday trade in New York: Euro dips from two-week high

The euro slid from a two-week high against the US dollar on Friday as investors locked in profits from this week's rally, wary about the outcome of Greek debt negotiations although there were growing expectations of a deal. An initial agreement between Gr
Published 21 Jan, 2012 12:00am
Euro rises for third day, touches two-week high

Euro rises for third day, touches two-week high

The euro climbed for the third straight day, advancing to a two-week high against the US dollar on Thursday as a solid Spanish debt auction and improving risk tolerance prompted investors to buy the euro zone common currency. Analysts, however, believe th
Published 21 Jan, 2012 12:00am
Won rises

Won rises

The South Korean won edged up early on Friday after successful bond auctions in Europe offset worries over funding costs in the region and positive earnings reports from US banks boosted Wall Street. The local currency was quoted at 1,134.0 against the do
Published 21 Jan, 2012 12:00am
Australian and New Zealand dollars struggle to extend gains

Australian and New Zealand dollars struggle to extend gains

The Australian and New Zealand dollars struggled to extend gains on Friday as a broadly stronger euro triggered a wave of short covering sales on cross rates. The Aussie little changed at $1.0400 from $1.0407 in New York, up 1.2 pct this week. Aussie held
Published 21 Jan, 2012 12:00am
Indian rupee down for first day in 7

Indian rupee down for first day in 7

The Indian rupee fell for the first session in seven on Friday as dollar demand from oil importers overwhelmed inflows, although suspected central bank intervention helped the currency recover smartly from the day's low. The rupee ended at 50.32/33 to the
Published 21 Jan, 2012 12:00am
Sterling hits seven-week high

Sterling hits seven-week high

Sterling struck a two-week high against the dollar on Friday, extending gains into a fifth straight day, although sharper gains were checked by concerns over the fragile UK economy which may require more monetary stimulus. The euro eased from two-week hig
Published 21 Jan, 2012 12:00am
Injury agony sets up Li, Clijsters rematch

Injury agony sets up Li, Clijsters rematch

Kim Clijsters and Li Na will meet in a rematch of last year's Australian Open final after a dramatic end to the women's third round on Friday. After defending champion Clijsters reached the fourth round with a 6-3, 6-2 win over Slovakia's Daniela Hantucho
Published 21 Jan, 2012 12:00am
Aussie teen Tomic sets up Federer clash

Aussie teen Tomic sets up Federer clash

Australian teen sensation Bernard Tomic won a five-set battle with Ukrainian nemesis Alexandr Dolgopolov to reach the fourth round at the Australian Open on Friday. The 19-year-old rising star won two tiebreak sets on the way to a gruelling 4-6, 7-6 (7/0)
Published 21 Jan, 2012 12:00am
Shaheed Benazir Bhutto Cricket tournament begins

Shaheed Benazir Bhutto Cricket tournament begins

The first Shaheed Mohtarma Benazir Bhutto Women Cricket Challenge Trophy will be staged from January 21 to 25. Pool A is comprised of Punjab (A), Federal Capital (B) and Kyber Puktunkhwa (C) while Pool B is consisted on ZTBL (D), Sindh (E) and Balochistan
Published 21 Jan, 2012 12:00am
Win will improve Pakistan's image, says Mohsin

Win will improve Pakistan's image, says Mohsin

Pakistan coach Mohsin Khan insisted Friday that the comprehensive ten wicket win over the world's best Test team England will boost the image of his team. "Our aim is to provide a boost to the nation and fans of Pakistan cricket, and to show the world tha
Published 21 Jan, 2012 12:00am
Beckham wants to lead Team GB at Olympics

Beckham wants to lead Team GB at Olympics

David Beckham has set his sights on captaining Great Britain in their bid for gold at this year's London Olympics. LA Galaxy midfielder Beckham would love to lead Team GB's men's football team and has already spoken to the squad's coach Stuart Pearce abou
Published 21 Jan, 2012 12:00am
Million-dollar 'bait' a compliment, say Libya

Million-dollar 'bait' a compliment, say Libya

Libya coach Marcos Paqueta considers it a compliment to his team that 2012 Africa Cup of Nations rivals Equatorial Guinea have been offered one million dollars to beat them. The Group A teams clash on Saturday at the 35,000-seat Estadio de Bata in the ope
Published 21 Jan, 2012 12:00am
Where are you? Barmy Army get empty UAE feeling

Where are you? Barmy Army get empty UAE feeling

England's Barmy Army of noisy fans were left with an empty feeling as their team slipped to defeat by Pakistan inside three days in a first Test played in a ghostly 25,000-capacity Dubai Stadium. Dressed in England's blue one-day colours, the Barmy Army,
Published 21 Jan, 2012 12:00am
Former Reds star Hamann lost £288,400 in single bet

Former Reds star Hamann lost £288,400 in single bet

Former Liverpool midfielder Dietmar Hamann has revealed that he once lost £288,400 pounds ($445,853) in a single bet on a cricket match between South Africa and Australia. Hamann became a big gambler in an attempt to block out the stress of problems in hi
Published 21 Jan, 2012 12:00am
Beating England boosts Pakistan

Beating England boosts Pakistan

Former Pakistan cricket greats rejoiced on Friday after the emphatic 10-wicket win in the first Test against England amid hopes the victory will boost the country's battered sporting image. Pakistan bowled the world number one side out for 160 in the seco
Published 21 Jan, 2012 12:00am
England's destroyer Ajmal is world's best spinner

England's destroyer Ajmal is world's best spinner

Pakistani off-spinner Saeed Ajmal Friday rose to world's highest ranking spinner a day after guiding his team to a comprehensive ten wicket win in the first Test against England inside three days. The 34-year-old registered his second ten-wicket haul - a
Published 21 Jan, 2012 12:00am
Romania locks down for more austerity protests

Romania locks down for more austerity protests

Hundreds of protesters gathered in central Bucharest on Friday and Romania prepared to deploy riot police over the weekend after anti-austerity demonstrations demanding the government resign turned violent. Romania had until this week suffered little of t
Published 21 Jan, 2012 12:00am
Crews face test on Italian ship as weather worsens

Crews face test on Italian ship as weather worsens

The vast wreck of the cruise ship Costa Concordia shifted on its undersea ledge on Friday, forcing a new suspension of rescue work and threatening plans to pump oil out to prevent environmental disaster. Fire-fighters' spokesman Luca Cari said rescue squa
Published 21 Jan, 2012 12:00am
Hours before key US primary, Romney lowers expectations

Hours before key US primary, Romney lowers expectations

With the crucial Republican presidential primary in South Carolina just hours away, front-runner Mitt Romney on Friday lowered expectations for how well he will do and acknowledged he is in a neck-and-neck race with Newt Gingrich. "Speaker Gingrich is fro
Published 21 Jan, 2012 12:00am
Hamas calls for end to peace feelers after arrests

Hamas calls for end to peace feelers after arrests

The Palestinian Islamist movement Hamas urged President Mahmoud Abbas on Friday to suspend exploratory peace talks with Israel following Israel's arrest of two Hamas legislators, and to stop his co-operation on West Bank security with the Israelis. Hamas'
Published 21 Jan, 2012 12:00am
Legendary blues singer Etta James dies

Legendary blues singer Etta James dies

Etta James, the feisty rhythm and blues singer whose raw, passionate vocals anchored many hits and made the yearning ballad "At Last" an enduring anthem for weddings, commercials and even President Barack Obama, died Friday. She was 73. James had been suf
Published 21 Jan, 2012 12:00am
Three British Muslims convicted of homophobia

Three British Muslims convicted of homophobia

A court convicted three British Muslim men Friday for inciting hatred on the grounds of sexual orientation after distributing leaflets with an anti-homosexual theme. The leaflets, distributed outside a mosque in Derby, central England, claimed Islam calle
Published 21 Jan, 2012 12:00am
UN protests after Cambodia blocks Khmer Rouge judge

UN protests after Cambodia blocks Khmer Rouge judge

The United Nations on Friday protested at Cambodia's rejection of a Swiss judge to the international Khmer Rouge tribunal who has paralysed probes into two cases opposed by the government. Cambodia is in "breach" of an accord with the UN setting up the in
Published 21 Jan, 2012 12:00am
Violence keeps Syria on edge, Arab mission in doubt

Violence keeps Syria on edge, Arab mission in doubt

At least six people were killed in Syria on Friday and the bodies of six others were turned over to their families, activists said, two days before the Arab League decides whether to keep monitors there despite their failure to halt bloodshed. Security me
Published 21 Jan, 2012 12:00am
Kazakh parliament re-appoints Prime Minister

Kazakh parliament re-appoints Prime Minister

Kazakhstan's new parliament re-installed a close ally of President Nursultan Nazarbayev as prime minister on Friday, demonstrating its loyal backing for the veteran leader after an election criticised by the West as falling short of democracy. Karim Masim
Published 21 Jan, 2012 12:00am
Multiple explosions rock northern Nigerian city

Multiple explosions rock northern Nigerian city

Multiple explosions and gunfire rocked the northern Nigerian city of Kano on Friday, but details were not immediately clear, an AFP correspondent reported. An AFP journalist heard what sounded to be some 20 explosions coming from two neighbourhoods in the
Published 21 Jan, 2012 12:00am
African Union force moves beyond Somali capital limits

African Union force moves beyond Somali capital limits

African Union (AU) and government troops launched an offensive against Islamist insurgents in the Somali capital on Friday, seizing rebel bases beyond the city's limits for the first time, the AU force said. Supported by tanks, the AU's AMISOM force said
Published 21 Jan, 2012 12:00am
Britain revokes Iran's Press TV licence

Britain revokes Iran's Press TV licence

British authorities on Friday revoked the licence of Press TV, the Iranian state broadcaster's English-language outlet, saying the channel had breached a string of regulations. The network hit back on its website, calling the decision "a clear act of cens
Published 21 Jan, 2012 12:00am
Recovery of Colombian coffee crop may take four more years

Recovery of Colombian coffee crop may take four more years

Colombia, one of the world's top coffee exporters, may have to wait four more years to recover output to historical levels when renovated trees reach full production, the coffee federation said on Thursday The world's biggest producer of high-quality Arab
Published 21 Jan, 2012 12:00am
Copper declines

Copper declines

Copper fell on Friday after manufacturing data from China showing a lacklustre start to the year reduced expectations of demand from the world's top consumer of the metal, with a weak euro putting further pressure on prices. Three-month copper on the Lond
Published 21 Jan, 2012 12:00am
Oil falls on economic, demand concerns

Oil falls on economic, demand concerns

Oil prices fell on Friday, pressured by economic uncertainty ahead of a possible debt deal in Greece, concerns about China's sluggish manufacturing sector and weak US petroleum demand. China's manufacturers had a sluggish start to the year, a survey of pu
Published 21 Jan, 2012 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Tokyo rubber futures rose on Friday to their highest since late October and headed for a third of week of gains as strong equities spurred buying from investors, who also expected Thailand to go ahead with a plan to support prices. The most active rubber
Published 21 Jan, 2012 12:00am
US grains soar

US grains soar

US corn, soyabean and wheat futures rose on Friday, with corn and wheat rebounding from near one-month lows as investors bought in to a market that's been reeling from the government's bigger-than-expected supply outlook last week. "The grains have been u
Published 21 Jan, 2012 12:00am
Cocoa slips

Cocoa slips

Cocoa futures fell along with much of the commodity complex on Friday, as lower-than-expected growth in grindings in North America fuelled some demand concerns, while robusta coffee jumped to a five-week high on short-covering. Sugar futures closed at the
Published 21 Jan, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Thursday, breaking ranks with the euro and equities as tame US inflation data prompted bullion investors to take profits after a three-day rally pushed prices to their highest levels since mid-December. Bullion was one of the few losers among
Published 21 Jan, 2012 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped on Friday as speculators booked profits from recent highs, but a steady euro and rising equities could limit declines as the metal heads for its third week of gains, its longest winning streak since November. Consumers in China helped bullion
Published 21 Jan, 2012 12:00am
Gold eases in London

Gold eases in London

Gold eased on Friday, tracking a dip in the euro as some investors cashed in gains in the single currency after a short-covering rally, and as markets awaited the outcome of talks between Greece and its creditors. Stocks and other commodities also weakene
Published 21 Jan, 2012 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

US soyabean futures fell Friday on improved prospects for crop-saving rain in corn and soya areas of Argentina and southern Brazil, as well as a sharp drop in crude oil prices, traders said. "The forecast has turned even wetter than Thursday's outlook, an
Published 21 Jan, 2012 12:00am
US MIDDAY: copper dips

US MIDDAY: copper dips

Copper retreated from a fresh 4-month peak on Friday, hit by a weaker euro and disappointing data from China that signalled a sluggish start for the metal-consuming giant's manufacturing sector. In New York, the key March COMEX contract shed 5.55 cents or
Published 21 Jan, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

A modest gold rise was eclipsed by a 4 percent surge in silver on Friday, with investors optimistic about the technical picture and prospects for a Greek deal soon with private bondholders. Bullion gained even as the euro and other commodities fell, after
Published 21 Jan, 2012 12:00am
NFLP to serve financial sector's interests: SBP governor

NFLP to serve financial sector's interests: SBP governor

Governor, State Bank of Pakistan Yaseen Anwar has said the Nationwide Financial Literacy Programme (NFLP) will work towards improving financial inclusion and also serve the interests of all financial sector stakeholders. Delivering his keynote address at
Published 21 Jan, 2012 12:00am
SIUT-APWA Akram Khatoon Medical Center inaugurated

SIUT-APWA Akram Khatoon Medical Center inaugurated

The SIUT-APWA Akram Khatoon Medical Center was inaugurated on 20th January 2012 by Laila Haroon Sarfaraz, president APWA. This is the result of collaboration between the two esteemed organisations Sindh Institute of Urology and Transplantation (SIUT) and
Published 21 Jan, 2012 12:00am
2kg of heroin seized at Jinnah airport

2kg of heroin seized at Jinnah airport

Drug Enforcement Cell (DEC) of Pakistan Custom on Friday claimed to have seized two kilograms of heroin at Jinnah International Airport. According to a statement issued by custom authority, the staff of DEC on the instruction of Deputy Collector Naveed Do
Published 21 Jan, 2012 12:00am
Three persons killed in road accidents

Three persons killed in road accidents

At least three persons including a woman on Friday lost their lives in separate road mishaps at various parts of the metropolis here. According to police and rescue sources, a 25-year-old man, who was identified as Ghulam Fareed son of Haji Ahmad, was kno
Published 21 Jan, 2012 12:00am
Interactive seminar for taxpayers held

Interactive seminar for taxpayers held

Facilitation and Taxpayers Education (FATE) Wing of FBR arranged taxpayers' interaction seminar at Regional Tax Office, here Friday. The seminar was arranged in co-ordination with RTO here, as part of a series of seminars currently being arranged under 'T
Published 21 Jan, 2012 12:00am
Bilingual Declamation Contest held at DHA College

Bilingual Declamation Contest held at DHA College

Inter-Collegiate Bilingual Declamation Contest 2012 was held at Defence Authority Degree College here on Thursday. Students of more than 18 reputed educational institutions of the metropolis participated in the contest. Minister of Alternate Energy Muhamm
Published 21 Jan, 2012 12:00am
Three including MQM activist killed

Three including MQM activist killed

The spree of targeted killing continued in the city as three more persons including an activist of Muttahida Qaumi Movement (MQM) fell victims in separate incidents at various parts of the metropolis here on Friday. According to police and rescue sources,
Published 21 Jan, 2012 12:00am
Saeed Ajmal today's hero

Saeed Ajmal today's hero

Finally Pakistan has won the first Test match in Dubai by 10 wickets against the world's top-ranked English Test team, and proved that we are the best but the English media and other experts are criticising Saeed Ajmal's bowling action. After a long time
Published 21 Jan, 2012 12:00am
Frustrated rescuers 'just waiting' after cruise ship shifts

Frustrated rescuers 'just waiting' after cruise ship shifts

Men and women of the coast guard, fire brigade, mountain rescue, police and civil protection are all on hand on the picturesque island of Giglio, off the Tuscan coast. But there is little for them to do, other than promenade along the waterfront and drink
Published 21 Jan, 2012 12:00am
Search for new world economic order

Search for new world economic order

The world economic order, popularly known as globalisation, has now started manifesting signs of decay in the countries of its origin. Therefore, not only the developing countries, which are not in its favour since its very inception, the developed countr
Published 21 Jan, 2012 12:00am
Authority and the role of coercion

Authority and the role of coercion

One starts with the question is the state a neutral institution? If that be so then man by his very spontaneous behaviour is a community-forming individual and is indicative of his social mannerisms. By implication then the reference to the Almighty is in
Published 21 Jan, 2012 12:00am
Heavy snow stirs Afghan peace

Heavy snow stirs Afghan peace

As heavy snow seizes Kabul and the rest of Afghanistan militancy tends to relent, brightening hopes for peace. This has have happened in the past over the last many years and is the case presently. But this is that additional context of the Afghan war's e
Published 21 Jan, 2012 12:00am
FDI falls further

FDI falls further

Foreign Direct Investment (FDI) dropped by a whopping 37 percent during the first half of the current fiscal year: from 2 billion dollars in July-December 2010 to 160 million dollars in July-December 2011. This data is unlikely to surprise anyone. There a
Published 21 Jan, 2012 12:00am
BISP to benefit 551 women

BISP to benefit 551 women

The financial assistance process under Benazir Income Support Programme (BISP) began here in union council Gul Mohammad Langah, tehsil Liaqutpur. Some 551 deserving women were identified in the aforementioned area who will be given Rs 2000 per person thro
Published 21 Jan, 2012 12:00am
'Non-professional' appointments: Mepco workers stage rally

'Non-professional' appointments: Mepco workers stage rally

Mepco workers staged rally against proposed privatisation of distribution companies, appointment of non-professionals as chief executives and withdrawal of facility of free electricity for employees, here on Friday. The rally, which was organised by Pakis
Published 21 Jan, 2012 12:00am
Mepco to disconnect power supply to defaulters

Mepco to disconnect power supply to defaulters

The Multan Electric Power Company (Mepco) has announced to cut off power connections of all government departments which have failed to pay their electricity bills worth over Rs 614 million. A list of defaulters issued by Mepco discloses that WASA is the
Published 21 Jan, 2012 12:00am
Brick-kiln workers get social security cards

Brick-kiln workers get social security cards

Association of Network for Community Empowerment (ANCE) in collaboration with the International Labour Organisation (ILO) Pakistan on Friday distributed social security cards among brick kiln workers for free health, education, marriage grants and other s
Published 21 Jan, 2012 12:00am
Government urged to speedily overcome gas crisis

Government urged to speedily overcome gas crisis

Pakistan Industrial and Traders Associations Front (PIAF) has urged government to resolve gas crisis as the situation has reached the point that business community is planning to defy government decision regarding suspension of gas to the industry in Punj
Published 21 Jan, 2012 12:00am
NRO, Memogate issues cannot be ignored: JI

NRO, Memogate issues cannot be ignored: JI

Ameer Jamaat-e-Islami (JI), Pakistan, Syed Munawar Hasan has said that Supreme Court could neither validate NRO simply because of Prime Minister Gilani's appearance nor the memo gate scandal could be ignored. Talking to media at Mansoora on Friday, he sai
Published 21 Jan, 2012 12:00am
Fiza Gilani hails passage of Women's Commission Bill

Fiza Gilani hails passage of Women's Commission Bill

Honorary Goodwill Ambassador for Women Empowerment, Syeda Fiza Batool Gilani has hailed the passage of Women's Commission Bill from National Assembly and said the unanimous passage of this bill is a great leap forward for the cause of women empowerment in
Published 21 Jan, 2012 12:00am
LHC orders Malik Ishaq's release

LHC orders Malik Ishaq's release

A three-member review board of the Lahore High Court on Friday denied an extension in detention to Malik Muhammad Ishaq, leader of a banned outfit, and ordered his release. The board headed by Justice Nasir Saeed Sheikh with Justice Manzoor Ahmed Malik an
Published 21 Jan, 2012 12:00am
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