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Print - 2012-02-26
Bazaarvoice makes a loud debut

Bazaarvoice makes a loud debut

Shares of social commerce company Bazaarvoice Inc surged as much as 43 percent on their market debut, as Wall Street continued to welcome cloud-based technology stocks with large first day gains. The company's stock opened at $16, 25 percent above its off
Published 26 Feb, 2012 12:00am
Bonds rise on Europe worries, surging oil

Bonds rise on Europe worries, surging oil

US Treasury debt prices rose on Friday as lingering worries about Europe's debt crisis and concerns over soaring oil prices stoked safe-haven demand for bonds, giving longer-dated issues their best week in four weeks. Still Treasury yields are stuck in th
Published 26 Feb, 2012 12:00am
Bonds rise on Europe worries, surging oil

Bonds rise on Europe worries, surging oil

US Treasury debt prices rose on Friday as lingering worries about Europe's debt crisis and concerns over soaring oil prices stoked safe-haven demand for bonds, giving longer-dated issues their best week in four weeks. Still Treasury yields are stuck in th
Published 26 Feb, 2012 12:00am
S&P 500 posts highest close in nearly four years

S&P 500 posts highest close in nearly four years

The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of US economic recovery. The broad index has risen more than 8 percent this year, a rally built on
Published 26 Feb, 2012 12:00am
Vedanta eyes streamlined structure with merger plan

Vedanta eyes streamlined structure with merger plan

Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, as part of a efforts to cut costs, improve access to cash and reduce the India-focused miner's debt burden.
Published 26 Feb, 2012 12:00am
China's offshore yuan market spurs forex volatility

China's offshore yuan market spurs forex volatility

After two years of promoting greater international use of the yuan, China has a currency - like it or not - that is influenced more than ever by the fickleness of global markets. When the yuan exchange rate hit limit-down for 10 straight days in early Dec
Published 26 Feb, 2012 12:00am
Interbank outlook hinges on risk appetite post-ECB

Interbank outlook hinges on risk appetite post-ECB

Interbank markets will remain in the thrall of broader investor risk appetite next week as the European Central Bank reveals demand for its three-year loans, with a high take-up likely to buoy sentiment and push lending rates lower. Financial markets will
Published 26 Feb, 2012 12:00am
Hungary central bank to factor in stronger forint

Hungary central bank to factor in stronger forint

Hungary's central bank will have to be "mindful" of gains in the forint and easing market tensions when it decides on rates this month, Deputy Governor Ferenc Karvalits said on Monday, signalling a dovish shift from January when he sought a hike.
Published 26 Feb, 2012 12:00am
Euro upturn seen intact, hits 2-1/2-month high versus dollar

Euro upturn seen intact, hits 2-1/2-month high versus dollar

The euro on Friday rose to its highest in more than two months against the dollar in a rally that could be sustained in the near term, boosted by general optimism about the euro zone crisis and next week's round of cheap money from the European Central Ba
Published 26 Feb, 2012 12:00am
Speculators increase dollar bets

Speculators increase dollar bets

Currency speculators increased their bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $17.25 billion in the week end
Published 26 Feb, 2012 12:00am
Canadian dollar weakens to near parity

Canadian dollar weakens to near parity

The Canadian dollar ended slightly weaker near parity with the US dollar on Friday as a quiet day on the economic front and market focus on the implementation of Greece's rescue deal kept the currency mostly on the sidelines. While oil prices rose above $
Published 26 Feb, 2012 12:00am
Brazil real rises; Mexican peso weakens

Brazil real rises; Mexican peso weakens

Brazil's real rose on Friday as persistent central bank intervention failed to fully absorb dollar inflows, while the country's interest-rate futures rose sharply after a survey suggested the economy needed tighter-than-expected monetary policy to grow wi
Published 26 Feb, 2012 12:00am
Libya amending bank law to attract foreigners

Libya amending bank law to attract foreigners

Libya is amending its banking laws to attract foreign investment and stimulate its private sector as it seeks to create an investor-friendly environment following last year's war that ousted Muammar Qadhafi, the central bank governor said. In an interview
Published 26 Feb, 2012 12:00am
Diesel-laden Brazil barge sinks in Antarctica

Diesel-laden Brazil barge sinks in Antarctica

A barge shuttling diesel to a Brazilian base in Antarctica sank during a storm in December, the Estado de Sao Paulo newspaper reported on Saturday, an incident it says the government has tried to conceal while attempting to recover the vessel. The paper s
Published 26 Feb, 2012 12:00am
Spain king's son-in-law in court on fraud charges

Spain king's son-in-law in court on fraud charges

The king of Spain's son-in-law appeared in court on Saturday on charges of fraud and embezzlement in a case which threatens to tarnish a royal family credited with steering the country from dictatorship to democracy. The court in Palma de Mallorca ordered
Published 26 Feb, 2012 12:00am
Berlusconi ducks bribery verdict as trial thrown out

Berlusconi ducks bribery verdict as trial thrown out

An Italian court threw out bribery charges against Silvio Berlusconi under the statute of limitations Saturday after a five-year trial, in another judicial victory for the former prime minister. Prosecutors had called for a five-year prison term for the e
Published 26 Feb, 2012 12:00am
Boeing names new head of 787 programme

Boeing names new head of 787 programme

Boeing Co said it swapped the heads of its 787 Dreamliner and 777 programs, tapping the skills of the long-time 777 leader to ensure the delayed Dreamliner programme hits a production rate target that many experts believe is unrealistic. The changes came
Published 26 Feb, 2012 12:00am
Six Afghan soldiers die trying to defuse bomb

Six Afghan soldiers die trying to defuse bomb

Six Afghan army soldiers were killed and 16 wounded in western Afghanistan on Saturday when a Taliban bomb exploded as the troops attempted to defuse it, the defence ministry said. The incident happened in the insurgency-hit Muqur district of western Badg
Published 26 Feb, 2012 12:00am
Breakaway Somaliland entity targets investors

Breakaway Somaliland entity targets investors

The breakaway enclave of Somaliland, which boasts oil and gas potential, has set up a UK-linked corporation to act as an entry point for investors concerned the Somali territory's lack of international recognition would stop contracts being enforced.
Published 26 Feb, 2012 12:00am
Breakaway Somaliland entity targets investors

Breakaway Somaliland entity targets investors

The breakaway enclave of Somaliland, which boasts oil and gas potential, has set up a UK-linked corporation to act as an entry point for investors concerned the Somali territory's lack of international recognition would stop contracts being enforced.
Published 26 Feb, 2012 12:00am
8,000 killed in last year of Sri Lanka war

8,000 killed in last year of Sri Lanka war

Nearly 8,000 people, including 550 children below the age of 10, were killed in Sri Lanka's war-torn north during a final offensive to crush Tamil rebels, the census department said Saturday. Another 6,350 people went missing after government forces final
Published 26 Feb, 2012 12:00am
Mandela in hospital, expected to go home soon

Mandela in hospital, expected to go home soon

Former South African president Nelson Mandela was comfortable in hospital on Saturday after undergoing a "diagnostic procedure" for abdominal pains, the government said, telling people not to panic about the health of the 93-year-old anti-apartheid leader
Published 26 Feb, 2012 12:00am
Two British journalists detained in Libya

Two British journalists detained in Libya

Libyan militiamen have detained two British journalists working for Iran's Press TV and are now holding them in the capital Tripoli, officials and the media station said. Press TV said on its website a reporter and cameraman along with two local residents
Published 26 Feb, 2012 12:00am
Nigeria bombers attempt prison break, 12 dead

Nigeria bombers attempt prison break, 12 dead

Gunmen set off bombs in an attempted prison break in the north-east Nigerian city of Gombe late on Friday and then blew up the local police station, triggering hours of battles that killed 12 people, the city's commissioner of police said. Witnesses in Go
Published 26 Feb, 2012 12:00am
India facing must-win ODI against Australia

India facing must-win ODI against Australia

India must beat Australia in Sunday's One-day international in Sydney to retain any hope of reaching the tri-series finals, and they must do it while denying claims of changing room unrest. The World Cup champions are four points adrift of second-placed A
Published 26 Feb, 2012 12:00am
Pakistan searches for venue for Australia ODIs

Pakistan searches for venue for Australia ODIs

Pakistan are looking for a suitable venue to stage their One-day series against Australia later this year, an official said Saturday. Pakistan have been forced to play their home series at the neutral venues of United Arab Emirates, New Zealand and Englan
Published 26 Feb, 2012 12:00am
Radwanska lays down marker with Dubai Open title

Radwanska lays down marker with Dubai Open title

Poland's Agnieszka Radwanska signalled herself as a growing threat on Saturday when she clinched her eighth career title courtesy of a 7-5, 6-4 win over Germany's Julia Goerges in the final of the Dubai Open. The 22-year-old's win underlined her as one of
Published 26 Feb, 2012 12:00am
South Africa cruise to victory on de Villiers ton

South Africa cruise to victory on de Villiers ton

South African captain AB de Villiers compiled a superb century to lead his side to an easy six wicket win over New Zealand in the opening One-day international at Westpac Stadium on Saturday. De Villiers, in deft touch, was not out for 106 with Faf du Ple
Published 26 Feb, 2012 12:00am
Del Potro reaches second successive final

Del Potro reaches second successive final

Argentina's Juan Martin Del Potro reached his second successive final on Saturday when he defeated top seed Jo-Wilfried Tsonga 6-4, 6-7 (9/11), 6-3 in the semi-finals at Marseille. World number 10 Del Potro, the 2009 US Open champion, was beaten by Roger
Published 26 Feb, 2012 12:00am
Westwood, McIlroy reach Match Play quarters

Westwood, McIlroy reach Match Play quarters

Rory McIlroy and Lee Westwood remain on track for a semi-final showdown and a chance at the world No 1 ranking after comfortable wins in the third round of the WGC Match Play Championship. On a day when only one of the eight round of 16 matches made it to
Published 26 Feb, 2012 12:00am
Drogba becomes Chelsea's fourth highest scorer

Drogba becomes Chelsea's fourth highest scorer

Didier Drogba became Chelsea's fourth highest all-time scorer when he bagged the second goal in their 3-0 victory over Bolton Wanderers in the Premier League on Saturday. The Ivory Coast striker headed in a left-wing corner from Frank Lampard in the 61st
Published 26 Feb, 2012 12:00am
Man City go five-point clear, relief for Chelsea

Man City go five-point clear, relief for Chelsea

Manchester City opened up a five-point lead at the top of the Premier League with victory over Blackburn on Saturday as Chelsea beat Bolton to ease the pressure on manager Andre Villas-Boas. With second-placed Manchester United not playing until Sunday's
Published 26 Feb, 2012 12:00am
England record comfortable win over Pakistan

England record comfortable win over Pakistan

Jonny Bairstow hit a maiden half-century and paceman Steven Finn took three wickets to guide England to a comfortable 38-run win in the second Twenty20 international against Pakistan on Saturday. Bairstow's 60 off 46 balls, studded with two sixes and five
Published 26 Feb, 2012 12:00am
Aurubis opposes London Metal Exchange sale

Aurubis opposes London Metal Exchange sale

Aurubis, Europe's largest copper producer, is strongly opposed to a sale of the London Metal Exchange (LME) because a new owner could change a pricing system vital to industrial users' business models, an executive at the German company said.
Published 26 Feb, 2012 12:00am
Soyaoil, palm oil prices to rise

Soyaoil, palm oil prices to rise

Global soyoil and palm oil prices are likely to rise in 2012 with a looming poor South American soybean crop to provide upward momentum, Hamburg-based oilseeds analysts Oil World said on Tuesday. "We expect vegetable oil prices to appreciate in coming mon
Published 26 Feb, 2012 12:00am
China chasing Thai rubber for delivery soon

China chasing Thai rubber for delivery soon

Top consumer China was chasing Thai rubber for delivery soon on worries that gains in Tokyo futures could raise prices in Southeast Asia, while major tyre makers snapped up a few cargoes from Indonesia, dealers said on Wednesday.
Published 26 Feb, 2012 12:00am
New York cotton rallies

New York cotton rallies

US cotton prices rallied on Friday, reversing heavy losses in the previous two sessions, as mills and some foreign buyers found price levels attractive for purchases. Some analysts have said US mills are running with low inventory levels, and when prices
Published 26 Feb, 2012 12:00am
Indonesia may buy rice from Vietnam

Indonesia may buy rice from Vietnam

Vietnam is expected to be the main rice supplier to Indonesia this year because of competitive prices and proximity between the countries, traders said on Wednesday. Indonesia, the world's third-largest rice grower, plans to import up to 2 million tonnes
Published 26 Feb, 2012 12:00am
China to cut cotton imports by one million bales

China to cut cotton imports by one million bales

China will cut its cotton imports by 1 million bales to 16 million bales of cotton in 2012/13 from the previous year, the US Agriculture Department said on Friday, as world cotton consumption rises for the first time in three years.
Published 26 Feb, 2012 12:00am
US gold slips but notches largest gain in four weeks

US gold slips but notches largest gain in four weeks

Gold prices fell on Friday, breaking ranks with the euro, as sharp gains from earlier in the week based on economic optimism and a Greek bailout deal prompted investors to take profits. Silver touched a five-month high after climbing past its 200-day movi
Published 26 Feb, 2012 12:00am
IN SHORT: Japan to cut wheat selling price

IN SHORT: Japan to cut wheat selling price

Japan will cut the price at which it sells imported wheat to domestic users to an average 48,780 yen ($610) per tonne from April 1, down 15 percent from the previous six-month period, the farm ministry said on Wednesday, likely paving the way for a fall i
Published 26 Feb, 2012 12:00am
IN SHORT: Robasta premiums offered

IN SHORT: Robasta premiums offered

Vietnamese robusta were offered at premiums to London futures for the first time since early February after farmers held back their stocks, while roasters sought to buy Indonesian beans at a bargain, dealers said on Friday.
Published 26 Feb, 2012 12:00am
IN SHORT: Thai raw sugar falls

IN SHORT: Thai raw sugar falls

Thai raw sugar premiums fell further this week as the expiry of New York's front-month contract neared, while Indonesia could issue new permits for imports next week to cover demand ahead of the milling season, dealers said on Tuesday.
Published 26 Feb, 2012 12:00am
IN SHORT: cocoa butter tracks Europe ratios lower

IN SHORT: cocoa butter tracks Europe ratios lower

Cocoa butter ratios edged down in Asia this week because of declines in European prices, but demand from chocolate makers ahead of Easter helped cushion the fall, dealers said on Friday. Cocoa butter, a key ingredient for making chocolates, was offered at
Published 26 Feb, 2012 12:00am
IN SHORT: Philippines may hike rice output forecast

IN SHORT: Philippines may hike rice output forecast

The Philippines may raise its rice output forecast for the first half of the year by as much as 1 million tonnes due to changes in the cropping pattern, a farm official said on Thursday, making any unplanned grain imports unlikely this year.
Published 26 Feb, 2012 12:00am
IN SHORT: Zinc market deficit seen

IN SHORT: Zinc market deficit seen

The global zinc market could shift into a supply deficit as early as 2016 as impending closures at a number of larger mines tighten the grip on an already constrained concentrate market, China's Minmetals Resources CEO said in an interview on Monday.
Published 26 Feb, 2012 12:00am
UVAS, L&DD organise workshop

UVAS, L&DD organise workshop

Provincial Secretary Livestock and Dairy Development (L&DD) has said that officers will get departmental up gradations who got certificates in a workshop on "Capacity building of Livestock dairy development department officers for the establishment of adv
Published 26 Feb, 2012 12:00am
Law and order prime responsibilities: RPO

Law and order prime responsibilities: RPO

Regional Police Officer (RPO) Gujranwala Muhammad Amin has said that Police will fulfil its responsibilities for protecting life and property of the people in Gujranwala Region. Addressing the members of Motorcycle Dealers Association Sialkot on Saturday
Published 26 Feb, 2012 12:00am
Kisan Board urges government to withdraw subsidy on imported urea

Kisan Board urges government to withdraw subsidy on imported urea

Kisan Board Pakistan (KBP), strongly reacting to the news of withdrawal of subsidy on imported urea bag and increasing its prices by Rs 300 per bag, has urged the government to immediately take back this decision. This demand was raised during a meeting h
Published 26 Feb, 2012 12:00am
Second business train inaugurated in Multan

Second business train inaugurated in Multan

The second business train of the country was inaugurated at Multan railway station on Saturday. The train reached at Multan 20 minute before the schedule. Prime Minister's son MPA Abdul Qadar Gilani could not reach to inaugurate the business train due to
Published 26 Feb, 2012 12:00am
Seminar on energy conservation

Seminar on energy conservation

The USAID in collaboration with the Gujranwala Electric Power Company (GEPCO) organised awareness seminar on energy conservation in different public and private colleges of Gujranwala. The GEPCO officials delivered lectures on the ways of efficient utilis
Published 26 Feb, 2012 12:00am
IPLC disbanded over corruption charges

IPLC disbanded over corruption charges

The newly established Industrial Police Liaison Committee (IPLC) has been disbanded with immediate effect over corruption charges. In a letter by the DIG Headquarters to the IG Police, it was revealed that a number of complaints of corruption and mismanag
Published 26 Feb, 2012 12:00am
Book by Aisamul Haq launched

Book by Aisamul Haq launched

Tennis star Aisamul Haq's book titled "Lessons learnt from the tennis tour with Robert Davis" was formally launched here on Saturday. GCU vice-chancellor Professor Dr Muhammad Khaleeq-ur-Rahman presided over the event. Among others, the family members of
Published 26 Feb, 2012 12:00am
Tributes paid to Pashto films actress

Tributes paid to Pashto films actress

The fans of legendary Pashto films actress late Yasmin Khan thronged a show organised by the under the auspices of the Department of Culture in collaboration with Khyber Pakhtunkhwa Journalists Forum to pay tributes to her contribution in the promotion of
Published 26 Feb, 2012 12:00am
Flood alert issued in four districts of Hazara

Flood alert issued in four districts of Hazara

The administration in the wake of the opening of spell ways of Attaabad Lake on February 27 (Monday) issued flood alert regarding increase in water level channels passing through district Kohistan, Torghar, Mansehra and Haripur. Commissioner, Hazara Divis
Published 26 Feb, 2012 12:00am
Crime rate in Islamabad continues to be on the rise

Crime rate in Islamabad continues to be on the rise

The claim of Islamabad police that foolproof security measures have been taken across the Capital proved baseless, as crime rate continued to soar. Despite the huge deployment of Capital police at every corner in the town five vehicles were stolen by the
Published 26 Feb, 2012 12:00am
Pasban holds protest rally in Peshawar

Pasban holds protest rally in Peshawar

Activists of Pasban on Saturday held a protest demonstration outside Peshawar Press Club against the burning of copies of Holy Quran by US-led International Security Assistance Forces (ISAF) in war-torn Afghanistan. They demanded for severe diplomatic tie
Published 26 Feb, 2012 12:00am
Status of IPLC restored

Status of IPLC restored

The Status of Industrial Police Liaison Committee (IPLC) has been restored under orders of Inspector General, Punjab Police, Haji Habib-ur-Rehman. The Regional Police Officer, Chaudhry Aftab Ahmed Cheema, has today intimated the IPLC-Chief, Syed Omer Naza
Published 26 Feb, 2012 12:00am
Norwegian-funded programme in Chitral termed unsatisfactory

Norwegian-funded programme in Chitral termed unsatisfactory

Khyber Pakhtunkhwa, Minister for Population, Saleem Khan, has termed the performance of THRIVE, a Norwegian government funded programme working in social sector in district Chitral, as unsatisfactory. He was talking to delegation of Chitral Development Ne
Published 26 Feb, 2012 12:00am
Plight of Kashmiris

Plight of Kashmiris

The people of Kashmir are facing the worst form of brutality for more than six decades. The leaders of India ignore it and turn a blind eye towards the physical and mental torture Kashmiris go through each day. The human rights organisations themselves ha
Published 26 Feb, 2012 12:00am
Oscars set for night of nostalgia

Oscars set for night of nostalgia

Workers were putting the finishing touches to the Oscar set as Hollywood prepared for its biggest night of the year: The 84th annual Academy Awards on Sunday. But the preparations were overshadowed by a scandal engineered by comedian Sasha Baron Cohen, wh
Published 26 Feb, 2012 12:00am
FTAs and PTAs

FTAs and PTAs

World Trade Organisation (WTO) member countries establish free trade areas to achieve market access through reciprocal exchanges of trade concessions. Entering a PTA/FTA is partly motivated by the desire to obtain equilibrium in foreign trade. Increased m
Published 26 Feb, 2012 12:00am
Radio licence fee

Radio licence fee

National Assembly's Standing Committee on Information and Broadcasting has recommended levying two percent broadcast cess on all cellphone users and a one-time Rs 4000 fee on new car purchases. The measure, said the committee, would make Radio Pakistan se
Published 26 Feb, 2012 12:00am
An APC is a must

An APC is a must

Nawaz Sharif has unmatched political credentials; he was twice the prime minister of Pakistan and as head of the main opposition in parliament is treated as prime minister-in-waiting. What he believes and says carries weight and gets due attention in Paki
Published 26 Feb, 2012 12:00am
Boeing aircraft purchase: TI Pakistan disputes PIA version

Boeing aircraft purchase: TI Pakistan disputes PIA version

TI Pakistan has disputed PIA's version on the award of contract for five Boeing 777-300ERs at $1.5 billion on unsolicited proposals. Adviser TI Pakistan, Syed Adil Gilani, in a letter sent to the Managing Director, PIA Captain Nadeem Khan Yousufzai on Feb
Published 26 Feb, 2012 12:00am
'Fashion Pakistan Week 3' in April

'Fashion Pakistan Week 3' in April

Fashion Pakistan proudly announces the 'Fashion Pakistan Week 3' to be held in April This is the fashion week in which Pakistan's most powerful and influential designers will gather under one roof for one week only. The primary objective to organise FPW i
Published 26 Feb, 2012 12:00am
Professor gets additional charge

Professor gets additional charge

Sindh University authorities through an order assigned the Additional Charge of the Registrar University of Sindh to Professor Dr Muhammad Ilyas Rajput Chairman department of Statistics till further orders here on Saturday.
Published 26 Feb, 2012 12:00am
FBR survey for broadening tax base widely disparaged

FBR survey for broadening tax base widely disparaged

The exercise of broadening of tax base by the Federal Board of Revenue (FBR) is widely being disparaged by the registered persons, Business Recorder learnt on Saturday. The complaints received by this paper revealed that the field formation of FBR
Published 26 Feb, 2012 12:00am
Mehran University to hold second international moot from tomorrow

Mehran University to hold second international moot from tomorrow

Mehran University is going to organise the second international conference from February 27 to 29. Uqaili Conference Chairman Professor Dr Muhammad Aslam said this while addressing a press conference at Hyderabad Press Club here on Saturday.
Published 26 Feb, 2012 12:00am
Bibi Miran's Urs on March 4

Bibi Miran's Urs on March 4

The Auqaf Department, Karachi Division, Government of Sindh has announced that the annual Urs of Syeda Bibi Miran Peer will be celebrated on 10th and 11th Rabi-ul-Sani, 1433 Hijri ie on March 4. Thousands of ladies Zaireen devotees including high dignitie
Published 26 Feb, 2012 12:00am
27 arrested from various areas of Karachi

27 arrested from various areas of Karachi

The Karachi police in their drive against criminals arrested 27 accused including seven absconders from various areas of the city during the last 24 hours. A statement on Saturday said that 17 pistols, a revolver, a dagger and two snatched mobiles were re
Published 26 Feb, 2012 12:00am
Jamaat-i-Islami woman wing holds protest rally against immoral trends

Jamaat-i-Islami woman wing holds protest rally against immoral trends

Jamaat-i-Islami women wing on Saturday urged Pakistan Telecommunication Authority (PTA) to step up against the rising immoral media trends and implement strict rules to stem the vulgarity in TV dramas and advertisements. Hundreds of women participants of
Published 26 Feb, 2012 12:00am
Energy shortage is a global issue: Langley

Energy shortage is a global issue: Langley

Pakistan can overcome its financial woes by strengthening business-to-business interactions that is a prerequisite to expand economic activities and create better entrepreneurs, this was stated by Global President, Entrepreneurs Organisation (EO) Kevin La
Published 26 Feb, 2012 12:00am
FBR's CNIC condition rejected by eight trade bodies

FBR's CNIC condition rejected by eight trade bodies

Eight trade bodies of the city have rejected the repeated moves made by Federal Board of Revenue (FBR) to unilaterally impose condition of obtaining buyers' CNIC and sought the help of Karachi Chamber of Commerce and Industry (KCCI) to pursue the governme
Published 26 Feb, 2012 12:00am
'Modernisation of agriculture-storage key priority'

'Modernisation of agriculture-storage key priority'

Government of Sindh has made the modernisation of agri-storage and handling infrastructure in the province a key strategic priority. This strategy is central to the government's stated objective enhancing food security for the people of Sindh. Government
Published 26 Feb, 2012 12:00am
REAP for inclusion of Indian rice in Negative List

REAP for inclusion of Indian rice in Negative List

Rice Exporters Association of Pakistan (REAP) has warned that two billion dollar rice export from Pakistan would be at stake, if the government did not include all varieties of Indian rice in negative list.
Published 26 Feb, 2012 12:00am
One dies in wall collapse

One dies in wall collapse

A man died when the wall and gate of a Watan Card Centre (WCC) collapsed in Kot Addu on Saturday. According to police, a flood victim, identified as Muhammad Ramazan, resident of Qasba Gujrat, died when the wall and gate of the centre set up at Government
Published 26 Feb, 2012 12:00am
Teenager tries to steal 200 blood bags

Teenager tries to steal 200 blood bags

A teenager on Saturday attempted to steal 200 blood bags from Pakistan Institute of Medical Sciences (Pims), however the security guards deputed at the parking lot got hold of the bottles but the boy escaped from the scene. Pims Executive Director Profess
Published 26 Feb, 2012 12:00am
SLA claim responsibility: blasts disrupt railway traffic

SLA claim responsibility: blasts disrupt railway traffic

Multiple blasts on the railway tracks rocked the city once again that caused blockade of railway traffic for hours, here on Saturday. According to the spokesman of Pakistan Railways, explosive devices were planted at 14 different points of railway tracks
Published 26 Feb, 2012 12:00am
PTI mass contact campaign from tomorrow

PTI mass contact campaign from tomorrow

Pakistan Tahreek-e-Insaf (PTI) will start a mass contact campaign in the rural areas of Lahore region from February 27 to 29 and Party Chairman Imran Khan will address the people and party workers at 60 different places. PTI President Lahore Mian Mahmoodu
Published 26 Feb, 2012 12:00am
Protection of doctors: medical bodies urged to play role

Protection of doctors: medical bodies urged to play role

Vice-Chancellor University of Karachi (KU) Professor Dr Mohammad Qaiser has said that the medical bodies should play their due role in protection of doctors by approaching authorities concerned. These views he expressed while addressing the 3-day inaugura
Published 26 Feb, 2012 12:00am
US-drone attacks: tribal elders to intensify protest campaign

US-drone attacks: tribal elders to intensify protest campaign

Tribal elders from Waziristan agency have announced to intensify their protest campaign against US-secret drone attacks in the Federally Administrative Tribal Areas, saying that restoration of sustainable peace is inevitable for development of tribal regi
Published 26 Feb, 2012 12:00am
26 candidates from Khyber Pakhtunkhwa run for 12 Senate seats

26 candidates from Khyber Pakhtunkhwa run for 12 Senate seats

A total of 26 candidates are in run for 12 seats of Senate, Upper House, of the Parliament from Khyber-Pakhtunkhwa. Half of 100-member Senate on completion of six years is retiring on March 11, 2012, and elections on the seats falling vacant are scheduled
Published 26 Feb, 2012 12:00am
PTCL's annual sales conference 2012 held

PTCL's annual sales conference 2012 held

Pakistan Telecommunication Company Limited (PTCL) CEO and President, Walid Irshaid, has said that the company is on a growth trajectory not only because of its innovative products and services, but also because of its talented sales force.
Published 26 Feb, 2012 12:00am
Need to promote Indo-Pak relations emphasised

Need to promote Indo-Pak relations emphasised

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that India and Pakistan will have to develop peaceful neighbourly relations and promote bilateral relations, while efforts should continue for the solution of all outstanding issues including Kashmir
Published 26 Feb, 2012 12:00am
Jamaat-i-Islami chief critical of government's workers policy

Jamaat-i-Islami chief critical of government's workers policy

Jamaat-i-Islami, Ameer, Syed Munawar Hasan, has said that the PPP government had done maximum harm to the workers and the labourers for the last four years. Addressing the central executive of the National Labour Federation (NLF) at Mughulpura on Saturday
Published 26 Feb, 2012 12:00am
Power supply to Dhabeji water-pumping station restored

Power supply to Dhabeji water-pumping station restored

Karachi Electric Supply Company has appreciated the assurance by Chief Secretary Sindh to pay the dues of water board in the next few days and thus, KESC has reconnected power supply to Dhabeji pumping station. Power supply to the station was disconnected
Published 26 Feb, 2012 12:00am
Gas supply to more than half of Lahore, Kasur regions suspended

Gas supply to more than half of Lahore, Kasur regions suspended

Gas supply to the Industrial, domestic and CNG stations of more than half of Lahore and Kasur region has been suspended due to the technical problems in the SMS 2 Multan Road region, said sources in the SNGPL Lahore office on Saturday. According to the so
Published 26 Feb, 2012 12:00am
Hasnain Mirza wins PS-57 by-polls

Hasnain Mirza wins PS-57 by-polls

Continuing the trend of family politics, new generation of PPP's leadership entered practical politics in the shape of Hasnain Mirza who won the by-election for the seat of MPA from PS-57 (Badin-I) vacated by his father Dr Zulifqar Mirza. According to uno
Published 26 Feb, 2012 12:00am
Five persons killed in various incidents

Five persons killed in various incidents

At-least five persons were killed in separate incidents in various parts of the metropolis, here on Saturday. According to police, a 16-year-old scrap dealer, Saleem, son of Zahid, was killed in Gulistan-e-Jauhar area near Dubai House in the limits of Gul
Published 26 Feb, 2012 12:00am
PMA for relaunch of anti-quackery drive

PMA for relaunch of anti-quackery drive

Pakistan Medical Association (PMA) has appealed to the Chief Minister Punjab to re-start the anti quackery campaign on top priority basis before the dengue case resurfaces again.
Published 26 Feb, 2012 12:00am
Influence by high-ups impedes inquiry against KMC Director

Influence by high-ups impedes inquiry against KMC Director

The special investigation team of Sindh Chief Minister Syed Qaim Ali, investigating corruption allegations against Director of Advertising Department of Karachi Metropolitan Corporation (KMC), is facing pressure from some influential high-ups in carrying
Published 26 Feb, 2012 12:00am
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