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Print - 2012-04-05
Wednesday's midday trade: Wall Street drops

Wednesday's midday trade: Wall Street drops

US stocks dropped for the second straight session on Wednesday, a day after minutes from the latest Federal Reserve meeting suggested further monetary stimulus was unlikely and a disappointing Spanish debt auction rekindled euro-zone concerns. Spanish bor
Published 05 Apr, 2012 12:00am
S&P 500 falls from four-year highs

S&P 500 falls from four-year highs

US stocks fell on Tuesday, with the S&P 500 retreating from four-year highs after the US Federal Reserve said it was less inclined to provide more economic stimulus. Supportive central bank policies have been a primary catalyst for the S&P 500's surge of
Published 05 Apr, 2012 12:00am
Some Asian markets closed

Some Asian markets closed

Stocks, financial and commodity markets in China, Hong Kong and Taiwan were closed on Wednesday for a public holiday. Trading will resume on Thursday.
Published 05 Apr, 2012 12:00am
Treasuries score largest selloff in three weeks

Treasuries score largest selloff in three weeks

US Treasuries had their largest selloff in three weeks on Tuesday after minutes of the Federal Reserve's March policy meeting showed that policymakers appear less keen to launch a fresh round of monetary stimulus as the US economy improves. The Fed policy
Published 05 Apr, 2012 12:00am
Treasuries score largest selloff in three weeks

Treasuries score largest selloff in three weeks

US Treasuries had their largest selloff in three weeks on Tuesday after minutes of the Federal Reserve's March policy meeting showed that policymakers appear less keen to launch a fresh round of monetary stimulus as the US economy improves. The Fed policy
Published 05 Apr, 2012 12:00am
Australian shares recover

Australian shares recover

Australian shares recouped almost all their early losses on Wednesday, outperforming rival markets in Asia as a fall in the Australian dollar and signals of a coming interest rate cut raised hopes of higher company profits. Reserve Bank Governor Glenn Ste
Published 05 Apr, 2012 12:00am
KOSPI suffers worst fall in 3-1/2 months

KOSPI suffers worst fall in 3-1/2 months

Seoul shares on Wednesday fell from an eight-month closing high in the previous session, tracking declines in global peers after minutes from the US Fed's March meeting suggested it was shying away from more stimulus measures. The Korea Composite Stock Pr
Published 05 Apr, 2012 12:00am
Nikkei down 2.3 percent

Nikkei down 2.3 percent

Japan's Nikkei share average shed 2.3 percent on Wednesday in its worst performance in five months, after stop-losses were triggered on index futures, raising concern that Tokyo's sharp equities rally so far this year could be grinding to a halt. The Nikk
Published 05 Apr, 2012 12:00am
Southeast Asian markets down

Southeast Asian markets down

Southeast Asian stocks retreated on Wednesday after minutes from the US Federal Reserve suggested dwindling chances for more policy stimulus, dampening the prospect of more inflows to the region, while losses in mining stocks pulled down Indonesia.
Published 05 Apr, 2012 12:00am
European shares plunge

European shares plunge

European shares fell to a two-month low on Wednesday and braced for a bumpy ride after a disappointing auction of Spanish debt reignited fears about the euro zone debt crisis after three months of calm. The pan-European FTSEurofirst 300 index closed 2 per
Published 05 Apr, 2012 12:00am
FTSE falls to two-month low

FTSE falls to two-month low

Britain's blue chip index fell to a two-month low on Wednesday, dragged down by commodity stocks after reduced prospects for fresh US stimulus and deepening concerns over the eurozone's debt and growth outlook weighed on risk appetite. The FTSE 100 index
Published 05 Apr, 2012 12:00am
Sterling rises to 2-1/2 month high versus euro

Sterling rises to 2-1/2 month high versus euro

Sterling rose to its highest in two and a half months against a broadly weaker euro on Wednesday as a solid UK services sector survey eased UK recession fears and highlighted a contrast with a struggling euro zone economy. The euro came under selling pres
Published 05 Apr, 2012 12:00am
Dollar jumps in Asia

Dollar jumps in Asia

The dollar hit a one-week high against a basket of currencies on Wednesday, getting a boost as the Australian dollar dropped to an 11-week low after Australia posted a surprise trade deficit. The country recorded a A$480 million deficit in February compar
Published 05 Apr, 2012 12:00am
Euro tumbles in London

Euro tumbles in London

The euro fell to its lowest in nearly two weeks versus the dollar on Wednesday as Spain's borrowing costs jumped at a bond auction and after Federal Reserve minutes reduced expectations of further monetary stimulus in the United States. After the European
Published 05 Apr, 2012 12:00am
Early trade in New York: euro falls to three-week low

Early trade in New York: euro falls to three-week low

The euro fell to a three-week low against the dollar on Wednesday after European Central Bank President Mario Draghi said the euro zone economic outlook is subject to downside risks relating to the debt crisis and commodity prices. The single currency dro
Published 05 Apr, 2012 12:00am
Dollar leaps in New York

Dollar leaps in New York

The dollar leaped higher against the euro and yen on Tuesday as minutes from the Federal Reserve's March policy meeting weakened expectations of more stimulus measures from the US central bank. Fed policymakers appeared less keen to launch a new phase of
Published 05 Apr, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Wednesday weighed by gains in the dollar after expectations of fresh monetary stimulus in the United States faded and local oil importers looked to cover payment obligations before the long weekend. The rupee ended at 51.055/065 t
Published 05 Apr, 2012 12:00am
Australian dollar plumbs to 11-week low

Australian dollar plumbs to 11-week low

The Australian dollar fell to a fresh 11-week low against the greenback on Wednesday and plumbed a six-month trough on its New Zealand counterpart after a surprise trade deficit added fuel to interest rate cut expectations. The Australian dollar last stoo
Published 05 Apr, 2012 12:00am
Emerging Asian currencies slip

Emerging Asian currencies slip

Emerging Asian currencies slipped against the dollar on Wednesday as investors covered short positions in the greenback on dwindling chances for more policy stimulus by the Federal Reserve and for fresh regional inflows. Regional units also tracked a weak
Published 05 Apr, 2012 12:00am
Money rates to stay low

Money rates to stay low

Eurozone money market rates are set to stay at rock bottom levels after ECB President Mario Draghi said on Wednesday it was premature to talk of an exit from the bank's unconventional monetary easing policies. The European Central Bank held interest rates
Published 05 Apr, 2012 12:00am
UEFA fines Porto

UEFA fines Porto

European football's governing body UEFA on Wednesday fined FC Porto 20,000 euros ($26,344) for its supporters' "racist conduct" during a match against Manchester City. "The UEFA Control and Disciplinary Body has imposed a fine of 20,000 euros on FC Porto
Published 05 Apr, 2012 12:00am
Greek athletic federation suspends operations

Greek athletic federation suspends operations

The Greek athletic federation SEGAS announced Wednesday that they will suspend all sporting activity within the country due to the state's "unfair and selective cuts in funding." In a statement SEGAS called on the sports leadership and particularly Cultur
Published 05 Apr, 2012 12:00am
Arab sports council boycotts Adidas over Jerusalem event

Arab sports council boycotts Adidas over Jerusalem event

Arab youth and sports ministers on Wednesday announced their boycott of sports apparel manufacturer Adidas over the company's sponsorship of last month's Jerusalem marathon. "All companies that have sponsored the marathon of Jerusalem, including Adidas, w
Published 05 Apr, 2012 12:00am
Williams sisters cruise at Charleston

Williams sisters cruise at Charleston

Serena and Venus Williams made a successful transition to clay on Tuesday, easing through their opening matches with straight-set victories at the WTA Tour's Charleston tournament. Fifth seed Serena, the 2008 Charleston champion, hammered 11 aces in overp
Published 05 Apr, 2012 12:00am
England make a confident reply

England make a confident reply

Under-pressure skipper Andrew Strauss and Alastair Cook hit gutsy half-centuries as England made a confident reply to Sri Lanka's 275 in the second Test in Colombo on Wednesday. The left-handed openers compiled a 122-run partnership as England combated Sr
Published 05 Apr, 2012 12:00am
Former Real Madrid star Zarraga dies

Former Real Madrid star Zarraga dies

Former Real Madrid player Jose Maria Zarraga, who won five European Cups with the club between 1956 and 1960, died on Tuesday at the age of 81. The Basque midfielder played for Madrid from 1949 to 1962 and also won six La Liga titles, one Spanish Cup and
Published 05 Apr, 2012 12:00am
PCB XI beat UK Universities XI by 302 runs

PCB XI beat UK Universities XI by 302 runs

PCB XI, rode on a master unbeaten knock of 207 by Sami Aslam, imposed massive 302 runs defeat to visiting British Universities Charity XI in a one day match here on Wednesday at Gadaddi stadium. Sami's sterling knock and Umar Waheed who smashed exact unbe
Published 05 Apr, 2012 12:00am
Olic brace fires Bayern into semi-finals

Olic brace fires Bayern into semi-finals

Bayern Munich reached the Champions League semi-finals after Croatia striker Ivica Olic netted both goals in a 2-0 win over Marseille in Tuesday's quarter-final second leg. With the Bavarians having won 4-0 on aggregate, Bayern will host the first leg of
Published 05 Apr, 2012 12:00am
Referee gave Barcelona helping hand, says Ibrahimovic

Referee gave Barcelona helping hand, says Ibrahimovic

AC Milan striker Zlatan Ibrahimovic sparked controversy after his side's Champions League elimination by Barcelona suggesting the holders receive a helping hand from referees at the Camp Nou. However, Barcelona coach Pep Guardiola responded saying the ach
Published 05 Apr, 2012 12:00am
Record-breaking Messi sends Barca into semi-finals

Record-breaking Messi sends Barca into semi-finals

Lionel Messi scored two first-half penalties in a 3-1 win over AC Milan at the Nou Camp Tuesday to propel holders Barcelona to a fifth successive Champions League semi-final. Messi's brace in the quarter-final second leg took him to 51 Champions League go
Published 05 Apr, 2012 12:00am
India declines to send team, tri-nation hockey event postponed

India declines to send team, tri-nation hockey event postponed

India has declined to send hockey team to feature in a three-nation hockey tournament forcing the Pakistan Hockey Federation to call off the event which was scheduled to be played here from April 9-13. Pakistan Hockey Federation (PHF) has postponed the se
Published 05 Apr, 2012 12:00am
UN ceasefire mission fails to curb Syria violence

UN ceasefire mission fails to curb Syria violence

Syrian opposition activists accused forces loyal to President Bashar al-Assad of bombarding rebel areas on Wednesday as a UN mission was expected to arrive in Damascus in a first step to implement an international peace plan. Activists said at least 80 pe
Published 05 Apr, 2012 12:00am
Serbian president steps down to allow early vote

Serbian president steps down to allow early vote

Serbian President Boris Tadic announced Wednesday he would stand down nearly a year early and contest a snap election in a move seen as a bid to boost his party's hopes at polls next month. Tadic, who will formally to tender his resignation on Thursday, h
Published 05 Apr, 2012 12:00am
With three-primary win, Romney turns on Obama

With three-primary win, Romney turns on Obama

Republican Mitt Romney trained his sights on President Barack Obama Wednesday after a triple primary win that put him in a commanding position to take the party's presidential nomination. Romney thumped main rival Rick Santorum in Maryland and the US capi
Published 05 Apr, 2012 12:00am
ASEAN to 'intensify efforts' on China sea disputes

ASEAN to 'intensify efforts' on China sea disputes

Southeast Asian leaders on Wednesday pledged to step up efforts to resolve overlapping maritime disputes with China, at the end of a two-day summit which also focused on Myanmar and North Korea. Leaders of the 10-member Association of Southeast Asian Nati
Published 05 Apr, 2012 12:00am
First US Marines arrive in Australia

First US Marines arrive in Australia

The first batch of 2,500 US Marines to be deployed in Australia began work Wednesday as Washington bolsters its presence in the strategically vital Asia-Pacific, to the irritation of China. Some 200 Marines touched down in tropical Darwin overnight as par
Published 05 Apr, 2012 12:00am
Stern of New Zealand oil-spill ship sinks

Stern of New Zealand oil-spill ship sinks

The stern of a broken-up ship that caused New Zealand's biggest sea pollution disaster sank on Wednesday after waves of up to 12 metres (39 foot) pounded the wreck, officials said. The Liberian-flagged Rena ploughed into a reef on October 5, releasing an
Published 05 Apr, 2012 12:00am
Iran proposes Baghdad as nuclear talks venue

Iran proposes Baghdad as nuclear talks venue

Iraq said on Wednesday it had offered to host talks between Iran and six world powers on Tehran's disputed nuclear programme next week, acting on an Iranian request to change the venue from Istanbul following friction with Turkey. US Secretary of State Hi
Published 05 Apr, 2012 12:00am
Suicide bomber kills 12 in Afghanistan

Suicide bomber kills 12 in Afghanistan

A suicide bomber attacked foreign military forces in northern Afghanistan on Wednesday, killing at least 12 people including three international troops, officials said. The Taliban claimed responsibility for the attack on foreign troops filming interviews
Published 05 Apr, 2012 12:00am
Islamic poverty fund far short of target: IDB

Islamic poverty fund far short of target: IDB

An Islamic poverty alleviation fund has attracted just 17 percent of its targeted $10 billion in funding, officials said Wednesday at the annual meeting of the Islamic Development Bank (IDB) in the Sudanese capital. A resolution expressed its "concern ove
Published 05 Apr, 2012 12:00am
Landmark trial of 1980 Turkish coup leaders opens

Landmark trial of 1980 Turkish coup leaders opens

The two surviving leaders of Turkey's 1980 coup went on trial Wednesday at an Ankara courthouse where judges rejected pleas by the ailing defendants that they should be spared prosecution. Hundreds of demonstrators, mostly from left-wing political parties
Published 05 Apr, 2012 12:00am
Al Qaeda seeks to regroup in Africa: think-tank

Al Qaeda seeks to regroup in Africa: think-tank

A weakened al Qaeda is seeking to regroup and re-energise by linking up with established Islamist movements in Africa, a new report from Britain's Royal United Services Institute (RUSI) said Wednesday. Deprived of its base in Afghanistan, Osama Bin Laden'
Published 05 Apr, 2012 12:00am
Scientists develop ultra-thin solar cells

Scientists develop ultra-thin solar cells

Austrian and Japanese researchers on Wednesday unveiled solar cells thinner than a thread of spider silk that are flexible enough to be wrapped around a single human hair. The thin-film device, comprising electrodes on a plastic foil, is about 1.9 micro-m
Published 05 Apr, 2012 12:00am
135 states agree anti-tobacco trafficking deal: WHO

135 states agree anti-tobacco trafficking deal: WHO

Negotiators from 135 nations sealed Wednesday a global deal to stem the illegal tobacco trade that could net governments $50 billion more annually in tax revenues, the World Health Organisation said. "Illicit trade in tobacco is one of the most dangerous
Published 05 Apr, 2012 12:00am
Copper declines

Copper declines

Copper fell to a one-week low on Wednesday, retreating from its highest levels since February as disappointment over the US Federal Reserve's retreat from another round of monetary stimulus seeped through financial markets, while traders pared back risk a
Published 05 Apr, 2012 12:00am
Oil falls as US stockpiles hit nine-month high

Oil falls as US stockpiles hit nine-month high

Oil fell for a second straight day Wednesday, ending about 2 percent lower after testing key technical support levels as US government data showed crude stockpiles in the world's top consumer jumped last week to a nine-month high.
Published 05 Apr, 2012 12:00am
India to build 2.5 million bales cotton reserves

India to build 2.5 million bales cotton reserves

India has decided to build cotton reserves of 2.5 million bales of 170 kg each to meet the needs of the domestic textile industry, a government statement said on Wednesday State-run Cotton Corporation of India (CCI) has been directed to intervene in the m
Published 05 Apr, 2012 12:00am
Tokyo rubber extends losses

Tokyo rubber extends losses

Key TOCOM rubber futures extended losses on Wednesday weighed down by a plunge in Japan's stock market and the yen's small rebound, while many investors remained on the sidelines ahead of key US job data to be announced this week. The key Tokyo Commodity
Published 05 Apr, 2012 12:00am
US grains mixed

US grains mixed

US old-crop corn futures rose on Tuesday, their third straight day of gains, on worries that supplies will run thin before harvest replenishes storage bins and grain elevators, traders said. New-crop December corn also rose, but gains were muted on expect
Published 05 Apr, 2012 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures climbed to an almost 13-month high on Wednesday, as traders continued to bet on a brighter demand outlook for palm oil following expectations of a smaller soyabean crop in coming months. The US Department of Agriculture said in
Published 05 Apr, 2012 12:00am
Coffee lower

Coffee lower

Arabica coffee futures closed lower, after a violent but brief leap to a one-month high on Wednesday, succumbing to pressure from the firmer US dollar. Raw sugar recaptured early losses and moved to higher ground, while cocoa dropped to three-month lows.
Published 05 Apr, 2012 12:00am
Gold falls two percent in New York

Gold falls two percent in New York

Gold fell 2 percent on Tuesday for its biggest one-day drop in a month, tumbling suddenly after the Federal Reserve released minutes of its March meeting, suggesting to investors that policy makers were growing less eager to launch additional monetary sti
Published 05 Apr, 2012 12:00am
Gold struggles in Asia

Gold struggles in Asia

Gold struggled to regain lost ground on Wednesday after tumbling nearly 2 percent in the previous session, as the minutes of the US Federal Reserve's last policy meeting showed diminishing appetite for further monetary stimulus. Spot gold edged down 0.1 p
Published 05 Apr, 2012 12:00am
Gold hits near three-month low in Europe

Gold hits near three-month low in Europe

Gold prices hit their lowest since early January on Wednesday as comments from the European Central Bank lifted the dollar to three-week highs against the euro, accelerating a fall sparked by declining expectations of more US monetary easing. Spot gold wa
Published 05 Apr, 2012 12:00am
US MIDDAY: wheat drops

US MIDDAY: wheat drops

US wheat futures fell Wednesday, with the benchmark Chicago Board of Trade contract dropping 1.9 percent on forecasts for good crop weather in the US Plains, said traders who also cited a firmer dollar. At 11:38 am CDT (1638 GMT), CBOT May wheat was down
Published 05 Apr, 2012 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

Copper fell more than 3 percent on Wednesday, its most in nearly two months, swept up in a broader retreat of risk assets the day after minutes from the latest US Federal Reserve meeting dashed hopes for another round of monetary stimulus anytime soon. In
Published 05 Apr, 2012 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

Gold fell to its lowest in nearly three months on Wednesday, tumbling for a second straight session as investors digested the latest Federal Reserve meeting minutes published Tuesday that lessened hopes for further monetary stimulus. Silver and platinum g
Published 05 Apr, 2012 12:00am
Unwarranted interference hurting fish harbour's development plan

Unwarranted interference hurting fish harbour's development plan

Political interference is jeopardising development of the country's largest fish harbour, as illegal land occupiers began resisting the implementation of Karachi Fish Harbour Authority's (KFHA) master plan, sources said on Wednesday. Fisheries sources tol
Published 05 Apr, 2012 12:00am
Millers seek permission to export 0.4 million tons of sugar

Millers seek permission to export 0.4 million tons of sugar

The sugar industry will face difficulties in making payments to cane growers, besides repaying bank loans, if millers are not allowed to export their surplus stock, industry sources told Business Recorder on Wednesday. Sources said that sugar mille
Published 05 Apr, 2012 12:00am
Young Leaders' Conference just two months away

Young Leaders' Conference just two months away

Young Leaders' Conference begins its 11th year and the dawn of a new decade, once more, changing lives for the better. The theme for this year is 'Dream-the unseen, Believe-the unknown, Achieve-the impossible'. Preparations are at their peak as the confer
Published 05 Apr, 2012 12:00am
SNF protests against flawed electoral rolls

SNF protests against flawed electoral rolls

Sindh National Front (SNF) has protested against what it considers "partisan approach of SDM Ratodero in correction of wrong entries in new electoral rolls." SNF Vice-Chairman Ameer Buksh Bhutto in a letter sent to the Chief Election Commissioner on April
Published 05 Apr, 2012 12:00am
Industrialists for import of electricity

Industrialists for import of electricity

Former President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tariq Sayeed has suggested government to buy electricity at low prices from China and Iran to fulfil the supply and demand gap in the country. Addressing a gathering of busi
Published 05 Apr, 2012 12:00am
Motivational sales & distribution moot held

Motivational sales & distribution moot held

Pakistan Telecommunication Company Limited (PTCL) and Airlink Communication recently organised a motivational Sales & Distribution Conference for their sales and distribution teams. Held at Airlink office, the conference was led by PTCL Senior Executive P
Published 05 Apr, 2012 12:00am
KESC delegation meets BQATI members

KESC delegation meets BQATI members

Karachi Electric Supply Corporation Limited (KESC) delegation led by Muhammed Idrees Head of new connection, Muhammed Akram Siddiqui, General Manager, Meter Department, Waqar Ahmed, General Manager New Connection R III, Engr. Faisal Memon, Manager Technic
Published 05 Apr, 2012 12:00am
Of 'friendly opposition'

Of 'friendly opposition'

Addressing a public meeting in Muzaffarabad a couple of months ago, where he had gone to launch the AJK chapter of his party, PML-N chief Nawaz Sharif took issue with the 'friendly opposition' accusation some tend to hurl at his party, saying he is Pakist
Published 05 Apr, 2012 12:00am
Scepticism at hopes of economic boom in Myanmar

Scepticism at hopes of economic boom in Myanmar

International businessmen are queuing up to get into Myanmar, sensing enormous economic opportunities as the country opens up after decades under a military dictatorship, but there are also voices warning against unrealistic expectations.
Published 05 Apr, 2012 12:00am
Role of government in economic system

Role of government in economic system

To speak of the government's role in the economic system, let us first define government. Why do we commonly term certain institutions as "government"? What distinguishes government from other segments of an economic system? Does it have a distinct role t
Published 05 Apr, 2012 12:00am
VIEW POINT: Shocking but not surprising

VIEW POINT: Shocking but not surprising

It all started during a protest strike in Gilgit called by the Ahle Sunnat Wal Jamaat (ASWJ), a reincarnation of the banned Sipah-e-Sahaba, to demand the release of its local leader. Somebody lobbed a grenade on the protesters, which left two of the group
Published 05 Apr, 2012 12:00am
OBL's kin: crime and Punishment

OBL's kin: crime and Punishment

In custody for about a year and 'arrested' early last month Osama bin Laden's three wives and two grown-up daughters were jailed by a special court on Monday, perceptively wrapping up the saga of the al Qaeda presence in Pakistan. They were the last confi
Published 05 Apr, 2012 12:00am
Demutualization of stock exchanges

Demutualization of stock exchanges

The joint session of Parliament has finally approved the Stock Exchanges (Corporatization, Demutualization and Integration) Bill and would, as usual, be implemented after the Presidential assent. Explaining the salient features of the Bill on 28th March,
Published 05 Apr, 2012 12:00am
PTI holds protest rally

PTI holds protest rally

Pakistan Tahreek-e-Insaf (PTI) Lahore region held a protest on Wednesday against petrol price hike, load-shedding, unemployment and poor government policies. The PTI local leaders, including Dr Farooq Tahir Chisti, Ishtiaq Malik and Irfan Ahmed, led the p
Published 05 Apr, 2012 12:00am
Hot, dry weather likely in next 24 hours

Hot, dry weather likely in next 24 hours

Pakistan Meteorological Department on Wednesday forecast mainly hot and dry weather for most parts of the country during next 24 hours. According to Met analysis, continental air is prevailing over most parts of the country. The weather is likely to remai
Published 05 Apr, 2012 12:00am
Aamer appears in anti-corruption video

Aamer appears in anti-corruption video

Pakistan cricketer Mohammad Aamer has appeared in an official video from the Anti-Corruption and Security Unit of the International Cricket Council warning players of the dangers of corruption. The five minute video has been posted on the official ICC web
Published 05 Apr, 2012 12:00am
Bukhari urges Pakistani community to promote better image of country

Bukhari urges Pakistani community to promote better image of country

Chairman Senate Syed Nayyer Hussain Bukhari on Wednesday urged the Pakistani community to work for the better image of their country and stay away from political and ethnic divides. Addressing a gathering of Pakistani community in Kampala (Uganda), he app
Published 05 Apr, 2012 12:00am
Banks to begin receiving Hajj applications from April 20

Banks to begin receiving Hajj applications from April 20

Ministry of Religious Affairs will start receiving Hajj applications from April 20 and the policy of first come first serve will be continued this year also, spokesman Hafiz Sher Ali said Wednesday. Talking to APP, he said the Hajj expenditures are likely
Published 05 Apr, 2012 12:00am
General elections: Bharwana to get PML-Q ticket from Jhang

General elections: Bharwana to get PML-Q ticket from Jhang

Pakistan Muslim League-Quaid leader Chaudhry Parvez Elahi has said that Ghulam Bibi Bharwana will be the party's candidate from NA-87 Jhang in the next general elections. Elahi said this while talking to MNA and former minister of state Bharwana, who call
Published 05 Apr, 2012 12:00am
Formation of Lahore food-street management body ordered

Formation of Lahore food-street management body ordered

District Co-ordination Officer (DCO) Lahore Noorul Amin Mengal has ordered to constitute a food-street management committee on Wednesday. He gave the orders while addressing a meeting that was attended by PSO to CM, assistant commissioner city, TMO DGBT,
Published 05 Apr, 2012 12:00am
Agriculture Forum draws attention towards fake seed mafia

Agriculture Forum draws attention towards fake seed mafia

Agri Forum Pakistan Chairman, Muhammad Ibrahim Mughal has drawn the attention of the government towards the business of substandard and fake seeds creating fears of decline of 15 to 20 percent in the production of important crops like cotton, rice, maize,
Published 05 Apr, 2012 12:00am
Marium Nawaz distributes laptops

Marium Nawaz distributes laptops

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz on Wednesday said that the PML-N is determined to give confidence to the youth so that they can play a vanguard role in journey towards progress and development of the country. While addressing the
Published 05 Apr, 2012 12:00am
LCCI urges government to stop unscheduled loadshedding

LCCI urges government to stop unscheduled loadshedding

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to immediately stop unscheduled load shedding as despite repeated assurances by the authorities the electricity situation is becoming more worsening.
Published 05 Apr, 2012 12:00am
All-Punjab Wall Climbing competition held

All-Punjab Wall Climbing competition held

The Government College University Lahore Hiking and Mountaineering Club (GCU HMC) has excelled in the two-day 60-feet All Punjab Wall Climbing Competition organised by Sui Northern Gas Pipelines Limited (SNGPL) in DHA-EME Lahore. Kashif Fayyaz, a member H
Published 05 Apr, 2012 12:00am
Disaster in waiting: most markets still without fire-fighting equipment

Disaster in waiting: most markets still without fire-fighting equipment

Almost all markets and most of commercial and high-rise buildings in Pakistan's business hub are not properly equipped with basic fire fighting devices, completely relying on fire tenders in case of accidents, endangering the lives of residents in case of
Published 05 Apr, 2012 12:00am
PML-N holds Malik responsible for Gilgit-Baltistan unrest

PML-N holds Malik responsible for Gilgit-Baltistan unrest

Pakistan Muslim League-Nawaz (PML-N) on Wednesday accused federal minister for interior Rehman Malik of being behind the new wave of sectarian clashes in Gilgit-Baltistan. Speaking at a press conference, Co-ordinator PML-N Gilgit-Baltistan Council Siddiqu
Published 05 Apr, 2012 12:00am
Some 'hidden' forces behind Gilgit-Baltistan clashes, says minister

Some 'hidden' forces behind Gilgit-Baltistan clashes, says minister

Interior Minister, Rehman Malik on Wednesday said some hidden forces involved in the Gilgit-Baltistan clashes and were trying to disrupt peace and development in the area. The anti-state elements do not want progress in Gilgit-Baltistan, he said this whil
Published 05 Apr, 2012 12:00am
Man killed in road accident

Man killed in road accident

A man was killed and 14 others received injuries in a collision between a car and a commuter wagon at Vehari road, near Adda Zaheer Nagar on Wednesday. According to police, a wagon was on its way to Bahawalpur from here when it collided with a car coming
Published 05 Apr, 2012 12:00am
Dost Khosa resigns as Punjab minister

Dost Khosa resigns as Punjab minister

Former Punjab Chief Minister and sitting provincial Minister for Industries Sardar Dost Muhammad Khosa on Wednesday tendered his resignation from the office of minister-ship. Dost Khosa stated in his resignation that he was resigning due to personal reaso
Published 05 Apr, 2012 12:00am
Jamaat-e-Islami terms riots a conspiracy

Jamaat-e-Islami terms riots a conspiracy

Expressing serious concerns over the riots and killings in Gilgit-Baltistan, Jamaat-e-Islami chief Syed Munawar Hasan termed it a conspiracy to plunge the area into turmoil. He said that disturbance was being created in G-B under a conspiracy, as it was a
Published 05 Apr, 2012 12:00am
MCCI terms modest cut in POL prices a joke

MCCI terms modest cut in POL prices a joke

The business community on Wednesday termed the government decision to cut petrol prices by Rs 2 per litre merely eyewash and a joke with the inflation-hit nation. In a press statement issued by President of Multan Chamber of Commerce & Industry (MCCI) Ani
Published 05 Apr, 2012 12:00am
Four more fall prey to targeted killings in city

Four more fall prey to targeted killings in city

The spate of targeted killing continues unabated, as four more people including an activist of Awami National Party (ANP) and a Ranger sepoy were killed in separate incidents in different areas of the metropolis here on Wednesday. According to police and
Published 05 Apr, 2012 12:00am
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