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Print - 2012-01-28
Dishonest truth

Dishonest truth

'After hearing two eyewitness accounts of the same accident, you begin to wonder about history' unknown. While the source and origin of this quote is unknown, at least to the author, the veracity of its content can probably not be denied. Accordingly, syn
Published 28 Jan, 2012 12:00am
Rates stay put on grain market

Rates stay put on grain market

According to the grain and seed merchants group's press release, no change was seen on the wholesale grain and oilseeds markets on Friday as participants were busy in preparations for Juma prayers.
Published 28 Jan, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 50,617 tonnes of cargo comprising 39,656 tonnes of import cargo and 10,961 tonnes of export cargo including 2,204 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 39,656 tonne
Published 28 Jan, 2012 12:00am
US Midwest corn, soya bids steady to mixed

US Midwest corn, soya bids steady to mixed

Spot basis bids for corn and soyabeans were steady to narrowly mixed around the US Midwest on Thursday following a futures rally and subsequent spike in farmer sales of each commodity, grain merchants said. Corn bids eased 2 cents at a processor in Decatu
Published 28 Jan, 2012 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, lifted by climbing soya prices, while a higher Canadian dollar and commercial hedges capped gains, traders said. Crushers were noted buying after margins climbed in the past week. Deferred months showed strong
Published 28 Jan, 2012 12:00am
Kenya's tea earnings rise in 2011 on high prices

Kenya's tea earnings rise in 2011 on high prices

Kenya produced less tea in 2011 from the previous period due to adverse weather but earnings from the crop soared to 109 billion shillings ($1.27 billion), thanks to high prices and a weaker local currency against the dollar, the government said on Wednes
Published 28 Jan, 2012 12:00am
Lean business on cotton market as buyers adopt wait-and-see policy

Lean business on cotton market as buyers adopt wait-and-see policy

Wait-and-see attitude adopted by the leading buyers on the cotton market on Friday in the absence of motivating factors, dealers said. The official spot rate was inert at Rs 5,800, they said. Prices of seedcotton in Sindh were at Rs 1900-2400 and in the P
Published 28 Jan, 2012 12:00am
Corn export premiums firmer at US Gulf Coast

Corn export premiums firmer at US Gulf Coast

Corn export premiums at the US Gulf Coast were mostly steady to firm on Thursday, supported by rising prices in the CIF barge market due to very tight nearby supplies, traders said. CIF basis for prompt barges of corn spiked to highest January levels in a
Published 28 Jan, 2012 12:00am
Cotton prices improve on fresh buying interest in local, export markets

Cotton prices improve on fresh buying interest in local, export markets

Larger cotton arrivals and standing crop in fields indicate towards strong possibility of harvesting a record high crop around 14.5 million bales this season surpassing the last record high crop of 14.375 million bales produced in 2004-05 season. As on 15
Published 28 Jan, 2012 12:00am
Cotton prices improve on fresh buying interest in local, export markets

Cotton prices improve on fresh buying interest in local, export markets

Larger cotton arrivals and standing crop in fields indicate towards strong possibility of harvesting a record high crop around 14.5 million bales this season surpassing the last record high crop of 14.375 million bales produced in 2004-05 season. As on 15
Published 28 Jan, 2012 12:00am
Few banks to follow UniCredit share sale example

Few banks to follow UniCredit share sale example

Markets will breathe a sigh of relief as beleaguered Italian bank UniCredit completes its 7.5 billion euro ($9.7 billion) rights issue on Friday, but few expect it to prompt a flurry of share sale activity from other lenders. Some 31 European banks have b
Published 28 Jan, 2012 12:00am
BP fails to shift $15 billion oil spill costs onto Transocean

BP fails to shift $15 billion oil spill costs onto Transocean

Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean , increasing the possibility BP may have to foot the entire $42 billion clean up bill. A US federal judge on Thursday s
Published 28 Jan, 2012 12:00am
Unicef appeals for $1.28 billion

Unicef appeals for $1.28 billion

Unicef on Friday launched an appeal for $1.28 billion (947 million euros) this year, with a third of the cash needed to help children in the drought-stricken Horn of Africa, the agency said. The UN children's fund said it was seeking nine percent less tha
Published 28 Jan, 2012 12:00am
Geithner insists Chinese yuan still undervalued

Geithner insists Chinese yuan still undervalued

US Treasury Secretary Timothy Geithner complained Friday that China is still keeping the renminbi below its fair value and insisted Beijing would have no choice but to let it rise. "China does represent a really unique and formidable challenge to the glob
Published 28 Jan, 2012 12:00am
Bonus for RBS bank boss sparks heavy criticism in Britain

Bonus for RBS bank boss sparks heavy criticism in Britain

The awarding of a reduced bonus just short of £1 million to the boss of state-rescued Royal Bank of Scotland sparked heavy criticism on Friday as Britain teeters on the brink of recession. RBS announced late Thursday that boss Stephen Hester had been awar
Published 28 Jan, 2012 12:00am
Ford profits surge

Ford profits surge

Ford on Friday reported a fourth-quarter profit surge, boosted by strong North America sales and a huge special tax item. Ford Motor Company said earnings in the final quarter rose to $13.6 billion, an increase of $13.4 billion from the year-ago period, m
Published 28 Jan, 2012 12:00am
Ford profits surge

Ford profits surge

Ford on Friday reported a fourth-quarter profit surge, boosted by strong North America sales and a huge special tax item. Ford Motor Company said earnings in the final quarter rose to $13.6 billion, an increase of $13.4 billion from the year-ago period, m
Published 28 Jan, 2012 12:00am
Fears of eurozone credit crunch grow

Fears of eurozone credit crunch grow

Fears of an emerging credit crunch in the eurozone increased on Friday as data showed a sharp slowdown in bank lending to the private sector, despite recent unprecedented injections of liquidity. The European Central Bank calculated in regular monthly dat
Published 28 Jan, 2012 12:00am
Investors cue up Portugal as the next Greece

Investors cue up Portugal as the next Greece

Investors are betting that after cap-in-hand Greece comes Portugal, selling off its stocks and bonds in the belief that the euro zone laggard cannot avoid a default without a second bailout. While borrowing costs have fallen for debt-ridden Spain and Ital
Published 28 Jan, 2012 12:00am
Owners, insiders jockey ahead of LME sale

Owners, insiders jockey ahead of LME sale

Market parties are jockeying ahead of a sale of the London Metal Exchange (LME), a deal that could radically alter the sway that banks and brokers hold over the world's largest metals market. One faction within the 130-year old exchange favours a sale to
Published 28 Jan, 2012 12:00am
Japan's core prices fall

Japan's core prices fall

Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilise and worries about Europe's debt crisis suppress wage growth and economic activity.
Published 28 Jan, 2012 12:00am
Smartphones power Samsung to record profit

Smartphones power Samsung to record profit

South Korea's Samsung Electronics on Friday reported a record operating profit of 5.3 trillion won ($4.72 billion) in the fourth quarter, thanks largely to booming smartphone sales. The company also announced a 25 trillion won investment in its chipmaking
Published 28 Jan, 2012 12:00am
Smartphones power Samsung to record profit

Smartphones power Samsung to record profit

South Korea's Samsung Electronics on Friday reported a record operating profit of 5.3 trillion won ($4.72 billion) in the fourth quarter, thanks largely to booming smartphone sales. The company also announced a 25 trillion won investment in its chipmaking
Published 28 Jan, 2012 12:00am
US growth quickens in fourth quarter, but speed bumps ahead

US growth quickens in fourth quarter, but speed bumps ahead

The US economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of business spending hinted at softer growth early this year. US gross domestic product expanded at a 2
Published 28 Jan, 2012 12:00am
Southeast Asian stocks extend rally to fourth week

Southeast Asian stocks extend rally to fourth week

Most Southeast Asian stock markets ended higher on Friday, recovering early losses and extending their rally to a fourth week, as investors hoped for a successful conclusion to Greek debt talks and awaited data which is expected to show more strength in t
Published 28 Jan, 2012 12:00am
Nikkei slips

Nikkei slips

Japanese shares slipped on Friday, easing further from a three-month high hit earlier this week, after forecasts of big annual losses from NEC Corp, Nintendo Co Ltd and Nippon Steel Corp. The US Federal Reserve's announcement this week that it would keep
Published 28 Jan, 2012 12:00am
Friday's midday trade: Wall Street edges lower

Friday's midday trade: Wall Street edges lower

US stocks slipped on Friday as data showed the US economy grew less than expected in the fourth quarter, while some disappointing earnings added pressure to the market. "Out of what the Fed said, you can expect some negative numbers because the Fed obviou
Published 28 Jan, 2012 12:00am
US stocks slip

US stocks slip

A month-long rally on Wall Street appears to be sputtering as stocks slipped on Thursday in what investors called a possible warning of weakness ahead. Weaker-than-expected home sales figures and a group of mixed earnings reports tempered the market's rec
Published 28 Jan, 2012 12:00am
US debt prices climb

US debt prices climb

US Treasury debt prices rose on Thursday and five-year note yields dipped to the lowest since at least the 1960s, a day after the Federal Reserve said it will likely hold interest rates near zero at least through late 2014. Clear dovish signals from the F
Published 28 Jan, 2012 12:00am
US debt prices climb

US debt prices climb

US Treasury debt prices rose on Thursday and five-year note yields dipped to the lowest since at least the 1960s, a day after the Federal Reserve said it will likely hold interest rates near zero at least through late 2014. Clear dovish signals from the F
Published 28 Jan, 2012 12:00am
Indian shares rise to 11-week high

Indian shares rise to 11-week high

Indian shares rose for a sixth straight session on Friday to a 11-week high as foreign investors continued to buy local stocks on indication of a policy shift towards reviving growth, with an increase in global risk appetite also aiding sentiment. Foreign
Published 28 Jan, 2012 12:00am
Hong Kong shares extend gains

Hong Kong shares extend gains

Hong Kong shares ended higher for a sixth-straight session on Friday, though profit-taking capped gains after a January rally that has boosted the benchmark Hang Seng Index by more than 11 percent. Gains in global supply chain manager Li & Fung and China'
Published 28 Jan, 2012 12:00am
European shares slip to first weekly loss of 2012

European shares slip to first weekly loss of 2012

European shares ended down on Friday as disappointing US economic data prompted investors to cash in January's gains, dragging the blue chip index to its first weekly loss since mid-December. US GDP expanded at a 2.8 percent annual rate, a touch below eco
Published 28 Jan, 2012 12:00am
Australian shares up

Australian shares up

Australian shares rose 0.4 percent on Friday, with miners the best performers of the day, supported by recent strong gains in commodity prices and a global move towards riskier assets. Over a holiday shortened week, the market rose about 1.2 percent.
Published 28 Jan, 2012 12:00am
Seoul shares edge up; Samsung at all-time high

Seoul shares edge up; Samsung at all-time high

Seoul shares edged up to set a fresh six-month closing high on Friday after a rangebound session, but profit-taking slowed their rally to a snail's pace with investors reluctant to take more aggressive bets on underlying earnings caution. The Korea Compos
Published 28 Jan, 2012 12:00am
Commodities lead FTSE retreat as US data misses forecast

Commodities lead FTSE retreat as US data misses forecast

Britain's top shares fell on Friday as US growth data missed expectations and came with a warning of speed bumps ahead for the world's biggest economy, heaping pressure on mining and integrated oil stocks. London's blue chip index was down 61.75 points, o
Published 28 Jan, 2012 12:00am
Sterling near five-week high

Sterling near five-week high

Sterling rose against the dollar on Friday, trading within sight of a five-week high as speculation that a Greek debt swap deal would be reached over the weekend and slightly weaker-than-expected US GDP data weighed on the greenback. Market talk of a expe
Published 28 Jan, 2012 12:00am
Yen jumps in Asia

Yen jumps in Asia

The yen was on track to post its biggest daily gain in a month against the dollar on Friday, as exporters stepped up month-end purchases and hedge funds piled in, triggering stop losses, traders said. Japanese corporates sold the dollar which had been dri
Published 28 Jan, 2012 12:00am
Euro rises in London

Euro rises in London

The euro edged up on hopes of a breakthrough in Greek debt talks on Friday, while the yen was on track to post its biggest daily gain in a month against the dollar, recouping most of the losses made earlier this week. Athens is locked in talks with its pr
Published 28 Jan, 2012 12:00am
Midday trade in New York: euro gains on Greek hopes

Midday trade in New York: euro gains on Greek hopes

The euro rose against the dollar on Friday on hopes for a breakthrough in Greece's attempts to avoid a messy default, although data indicating a bumpy road ahead for the US economy kept trading choppy. European officials voiced optimism on Friday that Gre
Published 28 Jan, 2012 12:00am
Euro flat in New York

Euro flat in New York

The euro traded roughly unchanged against the dollar on Thursday, after earlier hitting a five-week high, as the recent rally in the single currency petered out even after the US Federal Reserve's pledge to keep rates near zero for several more years.
Published 28 Jan, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars were on track for a third straight week of gains Friday, with risk assets underpinned by the Federal Reserve's latest commitment to keeping US policy super-easy for years to come. The Australian dollar was steady at
Published 28 Jan, 2012 12:00am
Indian rupee up for fourth week

Indian rupee up for fourth week

The Indian rupee gained for the fourth straight week aided by positive local shares and robust dollar inflows, while the outlook remained bullish for the local unit. The partially convertible rupee ended at 49.3050/3150 to the dollar, after touching 49.29
Published 28 Jan, 2012 12:00am
Most emerging Asian currencies stay up

Most emerging Asian currencies stay up

The Malaysian ringgit and the Indian rupee were poised to post a fourth consecutive week of gains, and most emerging Asian currencies held firm on Friday thanks to hopes for more inflows following the Federal Reserve's dovish stance. The Singapore dollar,
Published 28 Jan, 2012 12:00am
Euro rates march lower

Euro rates march lower

Eurozone interbank lending rates continued to fall on Friday with plenty of room to slide further given the ample excess liquidity in the banking system, even before the ECB offers banks more three-year funding next month. Benchmark three-month Euribor ra
Published 28 Jan, 2012 12:00am
New York cotton settles shade up in quiet, listless trade

New York cotton settles shade up in quiet, listless trade

Cotton futures ended marginally firmer Friday as fibre contracts rose for the first time in three sessions, although the market stayed range-bound while looking toward developments which could spur business next week, analysts said. Benchmark March cotton
Published 28 Jan, 2012 12:00am
Copper descends

Copper descends

Copper closed almost 1 percent lower on Friday as the dollar rose and risk appetite weakened after US data suggested that the growth of the world's largest economy could disappoint this year. Copper still was on track for a third straight week of gains as
Published 28 Jan, 2012 12:00am
Brent up on Iran; refinery work lifts US gasoline

Brent up on Iran; refinery work lifts US gasoline

Brent crude prices rose on Friday as Iran's upcoming parliamentary vote on halting exports to the European Union kept supply uncertainty in focus and another US refinery problem helped send gasoline futures surging. US crude prices slipped in choppy tradi
Published 28 Jan, 2012 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Tokyo rubber futures fell 2 percent on Friday on profit-taking after recent rises, but prices were likely to rebound next week after finishing above a strong support level of 310 yen, dealers said. The benchmark rubber contract on the Tokyo Commodity Exch
Published 28 Jan, 2012 12:00am
Palm oil rises

Palm oil rises

Malaysian crude palm oil edged up on Friday in thin trades, lifted by optimism over the US Federal Reserve's pledge to keep interest rates low although gains were capped by fears of slowing demand. The Fed move raised prospects of stronger global economic
Published 28 Jan, 2012 12:00am
Wheat up sixth day

Wheat up sixth day

US wheat futures climbed nearly 2 percent on Thursday, the sixth gain in six sessions, as a falling dollar boosted most commodities after the US Federal Reserve said it would not raise interest rates for at least two years. Wheat hit a 22-day high and cor
Published 28 Jan, 2012 12:00am
Cocoa tumbles

Cocoa tumbles

Cocoa futures turned lower on Friday, falling below the 100-day moving averages in both London and New York after the US market had jumped to a 2-1/2-month high. Sugar and coffee also fell after data showed the US economy grew less than expected in the fo
Published 28 Jan, 2012 12:00am
Gold dips in Asia

Gold dips in Asia

Gold fell from a 7-week high on Friday as speculators booked profits ahead of US GDP data, but prices were heading for a fourth week of gains with the Federal Reserve's pledge to keep interest rates near zero for some time supporting sentiment.Gold hit a
Published 28 Jan, 2012 12:00am
Gold rises, set for biggest rise in three months

Gold rises, set for biggest rise in three months

Gold rose on Friday, heading for its best weekly performance since late October after the Federal Reserve signalled its ultra-loose monetary policy would continue, keeping the dollar under pressure and the opportunity cost of holding bullion low. Silver a
Published 28 Jan, 2012 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

US wheat edged lower on Friday after rising in seven straight sessions, but it was still on pace for its largest weekly bounce in a more than a month on growing export demand and concerns that wheat production in the Black Sea region may be reduced by bit
Published 28 Jan, 2012 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

Copper slipped in moderate volume on Friday after underwhelming US economic growth figures doused a rally in higher-risk assets that had lifted prices of the red metal nearly 15 percent this month. In New York, the benchmark March COMEX contract dipped 1.
Published 28 Jan, 2012 12:00am
US MIDDAY: gold rises for third day

US MIDDAY: gold rises for third day

Gold prices rose on Friday and aimed for their first three-day rally since late October after a report showing disappointing US economic growth boosted the metal's safe-haven appeal. Bullion rose above $1,730 an ounce for the first time in seven weeks aft
Published 28 Jan, 2012 12:00am
Palestinian fury after player joins Israel team

Palestinian fury after player joins Israel team

World football governing body FIFA could be about to join international efforts to mediate between Israelis and Palestinians after an Arab-Israeli player switched from a Palestinian team to an Israeli one. Ali Khatib has found himself at the centre of a s
Published 28 Jan, 2012 12:00am
EBM hosts cricket tournament

EBM hosts cricket tournament

English Biscuit Manufacturers (EBM), organised its Annual Inter-departmental Cricket Tournament 2012 at DHA Ground in Karachi on January 22, 2012. The event was not only limited to cricket but was a complete fun and frolic day for EBM employees and their
Published 28 Jan, 2012 12:00am
Djokovic beats Murray in five-set thriller

Djokovic beats Murray in five-set thriller

Defending champion Novak Djokovic saw off brave Andy Murray in five thrilling sets Friday to reach the Australian Open final and stay on course for his third straight major title. In a marathon match of 4hr 50min, nudging the tournament record, the Serbia
Published 28 Jan, 2012 12:00am
Rain ends play in New Zealand-Zimbabwe Test

Rain ends play in New Zealand-Zimbabwe Test

Rain washed out play on the second day of the one-off Test between New Zealand and Zimbabwe in Napier on Friday, with the home side at 392 for five. B.J. Watling was on 52 not out and Doug Bracewell on 11 when the rain began mid-way through the first sess
Published 28 Jan, 2012 12:00am
Kuznetsova, Zvonareva win doubles title

Kuznetsova, Zvonareva win doubles title

Unseeded Svetlana Kuznetsova and Vera Zvonareva won the Australian Open women's doubles crown on Friday, coming from behind to beat Italian pair Roberta Vinci and Sara Errani in three sets. The Russians overcame a poor start from Zvonareva in particular t
Published 28 Jan, 2012 12:00am
Giant bell to open London's cost-conscious Olympics

Giant bell to open London's cost-conscious Olympics

Danny Boyle, the man overseeing the opening ceremony at the 2012 London Olympics, revealed on Friday that it will be called "Isles of Wonder" and involve a big bell and lots of nurses. The latter was a tribute to the National Health Service, a public orga
Published 28 Jan, 2012 12:00am
India face defeat, series wipe-out

India face defeat, series wipe-out

India were lurching towards defeat and a 4-0 series humiliation against Australia after another batting collapse in the fourth Test in Adelaide on Friday. The beleaguered tourists, chasing a record 500 runs for an unlikely win, took the Test into a fifth
Published 28 Jan, 2012 12:00am
Punjab University team wins P&G University Football Cup

Punjab University team wins P&G University Football Cup

Punjab University football team has won the Procter & Gamble (P&G) University Football Challenge by defeating NUCES-FAST by 3-0 goals. Qayyum Furqan of Institute of Chemical Engineering & Technology led the team of Punjab University in this event. Teams f
Published 28 Jan, 2012 12:00am
Drogba's Elephants march into quarter-finals

Drogba's Elephants march into quarter-finals

Ivory Coast's quest for a second Africa Cup of Nations 20 years after their lone title received a boost on Thursday when Didier Drogba's Elephants marched into the quarter-finals. Skipper Drogba and company faced Burkina Faso in Franceville having scraped
Published 28 Jan, 2012 12:00am
Pakistan fight hard as England chase win

Pakistan fight hard as England chase win

Pakistan were left with a battle to avoid conceding England a series-levelling win after Monty Panesar proved threatening with three wickets in the second Test here on Friday. After Panesar had taken 3-44, it was left to Azhar Ali (46) and Asad Shafiq (35
Published 28 Jan, 2012 12:00am
Obama, Romney mark Holocaust memorial day

Obama, Romney mark Holocaust memorial day

US President Barack Obama on Friday said "never forget, never again," as he remembered six million Jews and others killed by the Nazis and marked International Holocaust Remembrance Day. "We commit ourselves to keeping their memories alive not only in our
Published 28 Jan, 2012 12:00am
Thousands in Cairo's Tahrir to push for change

Thousands in Cairo's Tahrir to push for change

Protesters marched to Cairo's Tahrir Square on Friday to join thousands there demanding democratic change, a year after the uprising that toppled veteran president Hosni Mubarak. After noon prayers, organised marches left Cairo mosques and headed for the
Published 28 Jan, 2012 12:00am
Romney leads Gingrich in Florida

Romney leads Gingrich in Florida

Mitt Romney has opened up a nine-point lead on Newt Gingrich in a new Florida poll released Friday, just four days before the Sunshine State's primary to choose the Republican presidential nominee. The Quinnipiac University survey showed Romney, once seen
Published 28 Jan, 2012 12:00am
Gingrich slams Romney on immigration, Obama on taxes

Gingrich slams Romney on immigration, Obama on taxes

Republican Newt Gingrich, cranking up the campaign rhetoric, mocked White House rival Mitt Romney's plan for self-deportation of illegal immigrants as a "fantasy" on Wednesday and assailed President Barack Obama's tax ideas as "stupid." Gingrich, who has
Published 28 Jan, 2012 12:00am
Deal struck for liner passengers

Deal struck for liner passengers

Some 3,000 survivors of Italy's cruise ship disaster will receive a basic 11,000 euros each plus expenses, negotiators announced Friday two weeks after the accident which is feared to have killed up to 32 people. Navy divers blew new holes in the side of
Published 28 Jan, 2012 12:00am
Another Tibetan shot dead

Another Tibetan shot dead

Chinese police shot dead another Tibetan protester in the restive Sichuan province, rights groups said Friday, bringing to at least three the number killed in deadly clashes this week. Urgen, a 20-year-old Tibetan, died Thursday in Sichuan's Rangtang coun
Published 28 Jan, 2012 12:00am
France to cut Afghan combat role, leave next year

France to cut Afghan combat role, leave next year

French troops will start handing over security to the Afghan army in March and focus on training until pulling out of Afghanistan completely at the end of 2013, President Nicolas Sarkozy said on Friday. Sarkozy suspended training and support operations on
Published 28 Jan, 2012 12:00am
US man gets $22 million for solitary confinement

US man gets $22 million for solitary confinement

A US man has been awarded $22 million for inhumane treatment after being jailed in solitary confinement for 22 months for drink driving in the southern state of New Mexico. Stephen Slevin, 57, said he suffered clinical depression after being jailed on cha
Published 28 Jan, 2012 12:00am
Hunger-striking Kyrgyz prisoners stitch mouths shut

Hunger-striking Kyrgyz prisoners stitch mouths shut

More than a thousand convicts in Kyrgyzstan have stitched their mouths closed in protest against living conditions in the Central Asian republic's prisons. The protest is an escalation of a two-week-old hunger strike involving most of the country's 7,500
Published 28 Jan, 2012 12:00am
Saudi Arabia to recognise Syrian National Council

Saudi Arabia to recognise Syrian National Council

Saudi Arabia will recognise the Syrian National Council as the "official representative" of the Syrian people, a senior member of the opposition group said in remarks published on Friday. "Saudi Foreign Minister Prince Saud al-Faisal told an SNC delegatio
Published 28 Jan, 2012 12:00am
Syria violence kills 37, UNSC to meet

Syria violence kills 37, UNSC to meet

Security forces killed 37 people in Syria on Friday, activists and residents said, as people in Homs mourned 14 members of a family they said were slain by militiamen in one of the worst sectarian attacks in a revolt against President Bashar al-Assad. The
Published 28 Jan, 2012 12:00am
Gunmen kill 15 in Nigeria

Gunmen kill 15 in Nigeria

Gunmen have killed 15 village traders returning from a market at night and set their bodies ablaze in northern Nigeria's Zamfara state, a local police chief said on Friday. "Gunmen, suspected to be armed robbers, attacked some local traders on their way b
Published 28 Jan, 2012 12:00am
Protesters disrupt US senator over immigration

Protesters disrupt US senator over immigration

Student protesters disrupted a speech Friday by US Senator Marco Rubio, a Cuban-American and rising Republican star, accusing him of "anti-immigrant" positions. Rubio was addressing a Hispanic leadership conference at a golf resort near Miami about the Am
Published 28 Jan, 2012 12:00am
Norway says open to Indian kids living with uncle

Norway says open to Indian kids living with uncle

Norwegian social services, slammed for taking two Indian children from their parents in what has become a diplomatic row, said Friday they were considering placing them in the care of an uncle in India. "The family has proposed that the father's brother s
Published 28 Jan, 2012 12:00am
Energy-starved textile millers conducting an energy audit

Energy-starved textile millers conducting an energy audit

Energy-starved textile millers are busy in energy audit of their mills in order to make maximum utilisation of electricity. The prime objective of energy audit is to ensure efficient utilisation of available energy and improve competitiveness of the texti
Published 28 Jan, 2012 12:00am
NDMA underscores need for comprehensive planning

NDMA underscores need for comprehensive planning

The National Disaster Management Authority (NDMA) has asked the authorities concerned across the country to chalk out comprehensive planning pertaining to handling disasters apart from regularly holding meetings of District Disaster Management Committees.
Published 28 Jan, 2012 12:00am
PCGA rejects CCAC's cotton production figures

PCGA rejects CCAC's cotton production figures

The Pakistan Cotton Ginners Association (PCGA) has rejected the crop output report of Cotton Crop Assessment Committee (CCAC) and walked out from its meeting as a protest against not entertaining the point of view of the PCGA. Chairman of PCGA Amanullah Q
Published 28 Jan, 2012 12:00am
Cold weather forecast for Quetta

Cold weather forecast for Quetta

The Met Office has forecast cold and frosty weather for the city on Friday with the maximum temperature expected to range between nine degrees Celsius to 11 degrees Celsius. Cold weather has been forecast for the rest of the region. On Thursday, the highe
Published 28 Jan, 2012 12:00am
Killer of former minister dies in jail

Killer of former minister dies in jail

Maulvi Sarwar, the murderer of former Provincial Minister for Social Welfare Zil-e-Huma, died in Kot Lakhpat jail hospital, here on Friday. Police said he had killed the minister at Muslim League House in Gujranwala on February 20, 2007, and was arrested
Published 28 Jan, 2012 12:00am
'Employees won't allow privatisation of power sector'

'Employees won't allow privatisation of power sector'

Secretary General Pakistan Wapda Hydro Electric, Central Labour Union (CBA) Khurshid Ahmed said on Friday that employees would not allow privatisation of the power sector in the country. He was addressing a joint meeting of Hydro Union and Faisalabad Elec
Published 28 Jan, 2012 12:00am
GST rate cut on tractors: MCCI seeks issuance of SRO

GST rate cut on tractors: MCCI seeks issuance of SRO

The Multan Chamber of Commerce & Industry (MCCI) has demanded early issuance of SRO regarding production of MTL 20000 to 25000 and AGTL 11000 to 15000 tractors by the end of financial year 2011-12 in the light of approval made by the Economic Co-ordinatio
Published 28 Jan, 2012 12:00am
Punjab chief minister asked to resign

Punjab chief minister asked to resign

Pakistan Tehreek-e-Insaf (PTI) central leader Makhdoom Javed Hashmi claimed on Friday that both the parties in the memo case have silenced after the 'intervention of a superpower'. Addressing a news conference here Friday, Hashmi said that none of the par
Published 28 Jan, 2012 12:00am
Adverse drug reaction claims 2 more lives

Adverse drug reaction claims 2 more lives

Two more people died due to reaction from free medicines, bringing the death toll to 105. Muhammad Gulab (60) and Munir (66) died in local hospitals on Friday. Both were admitted in the hospitals a few days back. Around 200 patients, affected by the subst
Published 28 Jan, 2012 12:00am
Police arrest seven suspects

Police arrest seven suspects

Police arrested seven outlaws from different areas of the city on Friday and recovered looted items and weapons from their possession. Sub-Inspector Muhammad Tehseen and ASI Zafar Iqbal from CIA Islamabad Police recovered 270 wine bottles from a car and a
Published 28 Jan, 2012 12:00am
IR inspectors, Customs DSs to BS-16: FBR recommends upgradation

IR inspectors, Customs DSs to BS-16: FBR recommends upgradation

The Federal Board of Revenue (FBR) Chief of Management has recommended up-gradation of the Inspectors of Inland Revenue and Deputy Superintendents of Customs completing 15 years of their service from grade BS-14 to BS-16.
Published 28 Jan, 2012 12:00am
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