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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-05-20
JGB yields skid with 10-year hitting nearly nine-year low

JGB yields skid with 10-year hitting nearly nine-year low

JGB prices rose on Friday, pushing the yield on the benchmark 10-year bond to its lowest level in nearly nine years, as rising fears about Europe's debt crisis soured investors' stomach for risk and prompted them to seek the safety of fixed-income assets.
Published 20 May, 2012 12:00am
JGB yields skid with 10-year hitting nearly nine-year low

JGB yields skid with 10-year hitting nearly nine-year low

JGB prices rose on Friday, pushing the yield on the benchmark 10-year bond to its lowest level in nearly nine years, as rising fears about Europe's debt crisis soured investors' stomach for risk and prompted them to seek the safety of fixed-income assets.
Published 20 May, 2012 12:00am
TSX hits seven-month low on global selloff

TSX hits seven-month low on global selloff

Canadian stocks hit a seven-month low on Friday, erasing early mining and energy gains as concerns about Europe's deepening debt woes and after Facebook's disappointing market debut fuelled a flight to safety. Nearly all of Canada's 10 main sectors finish
Published 20 May, 2012 12:00am
US stocks fall; Facebook shares eke out gain in trading debut

US stocks fall; Facebook shares eke out gain in trading debut

US stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social net
Published 20 May, 2012 12:00am
Argentines jump through new hoops to get dollars

Argentines jump through new hoops to get dollars

Argentina's quest to keep dollars in the country is spawning illegal money trades inside offices and even schools. But big companies have fewer ways to skirt currency controls and must adapt to the country's offbeat, changeable rules. President Cristina F
Published 20 May, 2012 12:00am
Brazil central bank intervenes to stop real slump

Brazil central bank intervenes to stop real slump

The Brazilian real slumped more than 2 percent a t one point o n Friday, causing the central bank to intervene in the foreign exchange market with a sale of currency swaps for the first time in nearly seven months. The real was weakening since the beginni
Published 20 May, 2012 12:00am
Central European currencies recovered

Central European currencies recovered

Central European emerging currencies recovered from lows on Friday, mirroring the euro's brief recovery, with one Budapest trader saying panic had subsided over the prospects of Greece being forced to leave the euro. The Czech crown, which fell to a fourt
Published 20 May, 2012 12:00am
Euro rallies from four-month low versus dollar

Euro rallies from four-month low versus dollar

The euro rallied from a four-month low against the dollar on Friday as investors pared bets against the single currency after a more than 3 percent drop this month, but concerns about Greece and Spain were likely to keep it under pressure. Positioning ahe
Published 20 May, 2012 12:00am
Euribor rates hit new lows

Euribor rates hit new lows

Key euro zone three-month bank-to-bank lending rates reversed Thursday's first post-ECB LTRO gain on Friday to hit new two-year lows, as the ECB's huge injections ultra-cheap, three-year funding continued to influence money markets. The ECB, which kept eu
Published 20 May, 2012 12:00am
Speculators dollar longs hit four-year high

Speculators dollar longs hit four-year high

Currency speculators increased bets in favour of the US dollar to the highest level since at least mid-2008, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $28.52 bil
Published 20 May, 2012 12:00am
Canadian dollar falls to four-month low

Canadian dollar falls to four-month low

The Canadian dollar hit a four-month low against its US counterpart on Friday and fell for a fifth straight session, as surprisingly high domestic inflation data failed to shift investor focus away from Europe's deepening debt crisis. The currency's move
Published 20 May, 2012 12:00am
Water supply cut near Tokyo due to toxin contamination

Water supply cut near Tokyo due to toxin contamination

The water supply to tens of thousands of households near Tokyo was cut off Saturday after local checks found it was contaminated with a cancer-causing chemical. The city of Noda, some 30 kilometres (20 miles) from central Tokyo, said it had stopped suppli
Published 20 May, 2012 12:00am
Blind Chinese activist leaves Beijing for US

Blind Chinese activist leaves Beijing for US

China allowed a blind legal activist, Chen Guangcheng, to leave a hospital in Beijing on Saturday and board a plane bound for the United States, a move that could signal the end of a diplomatic stand-off between the two countries. Chen's escape from house
Published 20 May, 2012 12:00am
Murdoch denies planning to spin off UK newspapers

Murdoch denies planning to spin off UK newspapers

Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect the rest of his media empire from a phone hacking scandal. The Daily Telegraph and the Financial Times newspapers said executives at the company
Published 20 May, 2012 12:00am
No bail for Italian sailors in India despite envoy protests

No bail for Italian sailors in India despite envoy protests

An Indian court denied bail on Saturday to two Italian sailors charged with the murder at sea of two Indian fishermen they mistook for pirates, hours after Rome recalled its ambassador from New Delhi in an increasingly surly diplomatic row.
Published 20 May, 2012 12:00am
Austria to give 18 million euros for Afghan police training

Austria to give 18 million euros for Afghan police training

Austria will give 18 million euros ($23.6 million) for police training in Afghanistan after the withdrawal of foreign troops from the country, a top official said. The money will be delivered in three equal payments per year from 2014 to 2016 through the
Published 20 May, 2012 12:00am
Bahrain, Qatar, UAE urge citizens to stay away from Lebanon

Bahrain, Qatar, UAE urge citizens to stay away from Lebanon

Bahrain, Qatar and the United Arab Emirates urged their citizens to stay away from Lebanon, citing security concerns in a country where fighting prompted by sectarian tensions in neighbouring Syria has unsettled areas near a northern port. The three Gulf
Published 20 May, 2012 12:00am
Japanese woman, 73, scales Everest for the second time

Japanese woman, 73, scales Everest for the second time

For the second time, a 73-year-old Japanese woman has become the world's oldest woman to climb Mount Everest, repeating her own record set 10 years ago, the company that organised the climb said on Saturday. Tamae Watanabe reached the 8,850 metre (29,035
Published 20 May, 2012 12:00am
Possible engine problem delays US rocket launch

Possible engine problem delays US rocket launch

The launch of a privately owned Falcon 9 rocket from Cape Canaveral Air Force Station was delayed on Saturday when a computer detected a possible problem with one of the rocket's engines, a Space Exploration Technologies official said. Preparations for th
Published 20 May, 2012 12:00am
Obama action will 'undermine' Nato alliance: Romney

Obama action will 'undermine' Nato alliance: Romney

White House hopeful Mitt Romney urged Nato leaders gathering in Chicago this weekend to consider him a more reliable partner than President Barack Obama, whose actions "undermine" the alliance. The presumptive Republican nominee accused Obama of diminishe
Published 20 May, 2012 12:00am
Support for British monarchy at highest for decades: poll

Support for British monarchy at highest for decades: poll

Support for the monarchy in Britain is at its highest level for decades thanks to Queen Elizabeth II's diamond jubilee and last year's royal wedding, according to a new poll published Saturday. Some 80 percent of Britons want to remain subjects of the que
Published 20 May, 2012 12:00am
Military parade in Britain for queen's diamond jubilee

Military parade in Britain for queen's diamond jubilee

Thousands of troops paraded past Windsor Castle on Saturday in celebration of the diamond jubilee of Britain's Queen Elizabeth II, as a poll showed support for the monarchy at its highest for decades. The queen and her husband Prince Philip watched as 2,5
Published 20 May, 2012 12:00am
Mexican crime reporter kidnapped and murdered

Mexican crime reporter kidnapped and murdered

The corpse of a crime reporter was found stuffed into a garbage bag in a suspected gangland killing in the northern Mexican state of Sonora, prosecutors said Friday. Police officers located the body of Marco Antonio Avila on the side of a rural road the d
Published 20 May, 2012 12:00am
Thailand's 'Red Shirts' in mass Bangkok rally

Thailand's 'Red Shirts' in mass Bangkok rally

Up to 40,000 "Red Shirt" supporters from across Thailand converged on central Bangkok Saturday to mark the second anniversary of a deadly crackdown on street protests, city police said. A carnival of flag-waving Red Shirts, food vendors and the occasional
Published 20 May, 2012 12:00am
Katie Taylor retains world title

Katie Taylor retains world title

Ireland's boxing queen Katie Taylor will battle for a historic Olympic gold as the world number one after she claimed her fourth consecutive lightweight title on Saturday. The 25-year-old star endured a tense 11-7 battle of nerves against Russian Sofya Oc
Published 20 May, 2012 12:00am
Indian court grants bail to Australian cricketer

Indian court grants bail to Australian cricketer

Australian cricketer Luke Pomersbach was granted bail on Saturday by a New Delhi court following accusations he molested a woman and beat up her fiance. The 27-year-old batsman, who has one cap for Australia, is signed up in the Indian Premier League (IPL
Published 20 May, 2012 12:00am
Nadal reaches seventh Rome Masters final

Nadal reaches seventh Rome Masters final

Rafael Nadal dominated David Ferrer 7-6 (8/6), 6-0 on Saturday to power into a seventh Rome Masters final, beating his fellow Spaniard for the 12th consecutive time on clay. Second-seeded Nadal will now face either world number one Novak Djokovic, the def
Published 20 May, 2012 12:00am
Sharapova, Li in Rome final as Serena pulls out

Sharapova, Li in Rome final as Serena pulls out

Defending champion Maria Sharapova will be seeking claycourt revenge on Sunday when she faces French Open champion Li Na of China in the final of the Rome Masters. Sharapova, who booked a spot in her second consecutive title match at the Foro Italico, los
Published 20 May, 2012 12:00am
Crowds greet start of London 2012 torch relay

Crowds greet start of London 2012 torch relay

The Olympic flame was greeted by thousands of cheering spectators as it began its 70-day relay journey around Britain and Ireland on Saturday ahead of the 2012 London Games. Triple gold medal-winning yachtsman Ben Ainslie was the first torchbearer, settin
Published 20 May, 2012 12:00am
Nicol David to meet Sherbini in British Open final

Nicol David to meet Sherbini in British Open final

Nicol David, the highest profile woman squash player ever, moved to within one win of repairing the one small blemish on her CV by reaching the final of the British Open at the O2 arena on Saturday. The World Open record-holder from Malaysia did that with
Published 20 May, 2012 12:00am
Ajmal eyes No 1 bowler ranking

Ajmal eyes No 1 bowler ranking

Pakistan offspinner Saeed Ajmal will resume his pursuit of the top bowler ranking in the upcoming three-Test series against Sri Lanka. Ajmal is currently second in Test rankings behind South Africa fast bowler Dale Steyn. He is also second in the ODI rati
Published 20 May, 2012 12:00am
West Ham sink Blackpool to clinch promotion

West Ham sink Blackpool to clinch promotion

West Ham clinched promotion to the Premier League as Ricardo Vaz Te's late winner sealed a dramatic 2-1 victory over Blackpool in the Championship play-off final at Wembley on Saturday. Sam Allardyce's side survived a nervous start to take the lead throug
Published 20 May, 2012 12:00am
Chanderpaul, Samuels defy dominant England

Chanderpaul, Samuels defy dominant England

Shivnarine Chanderpaul and Marlon Samuels launched a rearguard action as they battled to prevent the West Indies going down to defeat by England in the first Test at Lord's on Saturday. West Indies, in dire straits after losing three wickets on 36, had re
Published 20 May, 2012 12:00am
Robbers kill shopkeeper

Robbers kill shopkeeper

A young man lost his life when he offered resistance during a robbery bid at Medina Market located in the limits of Jackson police station on Saturday night. According to police and rescue sources, the incident took place at Medina Market located at Mir B
Published 20 May, 2012 12:00am
Some 91 graduates conferred degrees at FJDC Convocation

Some 91 graduates conferred degrees at FJDC Convocation

Some 91 graduates including 25 boys and 66 girls conferred with the BDS degree at the 15th Convocation of Fatima Jinnah Dental College, Karachi held on Saturday at Bahria Auditorium here. Overall 18 gold medals for Role of Honours (Highest marks in the su
Published 20 May, 2012 12:00am
LCCI calls for enforcing direct tax model

LCCI calls for enforcing direct tax model

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday advocated the implementation of direct tax model in upcoming budget in line with the advanced economies instead of indirect taxes. LCCI's President Irfan Qaiser Sheikh in a statement said that
Published 20 May, 2012 12:00am
'Special package to be announced for DGK in provincial budget'

'Special package to be announced for DGK in provincial budget'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that in the next budget the Punjab government will announce special packages for development of Dera Ghazi Khan Division. He was addressing a meeting held with regard to fixing priorities of next Annu
Published 20 May, 2012 12:00am
SCCI seeks support for development of SME sector in Khyber Pakhtunkhwa

SCCI seeks support for development of SME sector in Khyber Pakhtunkhwa

Vice-President, Sarhad Chamber of Commerce & Industry (SCCI), Ziaul Haq Sarhadi, called upon the Business Support Fund and International Fund Corporation to extend support for boosting up economic and industrial activities and small businesses in the Khyb
Published 20 May, 2012 12:00am
Majlis Wahdat condemns killing of scholar

Majlis Wahdat condemns killing of scholar

Majlis Wahdat-e-Muslimeen Pakistan has condemned the killing of renowned scholar and poet Shabih-ul-Hassan Hashmi and said it is an act of a terrorist group. The renowned scholar was shot on Friday evening outside a college when he was coming out after te
Published 20 May, 2012 12:00am
Laptop scheme: LHC approached for ignoring private students

Laptop scheme: LHC approached for ignoring private students

A Bar member has approached the Lahore High Court against Chief Minister Punjab for ignoring students of private educational institutions in laptop scheme. The petitioner said that Punjab CM Mian Shahbaz Sharif launched laptop distribution scheme which wa
Published 20 May, 2012 12:00am
Saarc CCI VP calls for introducing budget setting off economy

Saarc CCI VP calls for introducing budget setting off economy

Vice President Saarc Chamber of Commerce and Industry Iftikhar Ali Malik here on Saturday said the government should introduce a budget that could trigger economic activity in the country. Speaking to business community at FPCCI Capital Office, Iftikhar A
Published 20 May, 2012 12:00am
Alleged target killer held

Alleged target killer held

Crime Investigation Department (CID) on Saturday claimed to have arrested an alleged target killer and recovered weapons from his possession. According to SSP Fayyaz Khan, police on a tipoff conducted raid at Mobina Town area of Gulshan Iqbal and arrested
Published 20 May, 2012 12:00am
Pak-Bangladesh ties to strengthen further: chief minister Sindh

Pak-Bangladesh ties to strengthen further: chief minister Sindh

Chief Minister Sindh, Syed Qaim Ali Shah, said that there are cordial relations between Pakistan and Bangladesh, and exchange of various delegations will further strengthen these ties. This he stated while welcoming the 10-member delegation of journalists
Published 20 May, 2012 12:00am
HRW accuses Egypt military of torture, beatings

HRW accuses Egypt military of torture, beatings

Human Rights Watch accused Egypt's military on Saturday of beating and torturing protesters arrested during clashes with soldiers in Cairo earlier this month. The New York-based group said soldiers "beat and tortured" protesters arrested in the May 4 clas
Published 20 May, 2012 12:00am
Anti-Nato activists weigh Obama Headquarters attack

Anti-Nato activists weigh Obama Headquarters attack

Three protesters arrested on terrorism-related charges ahead of the Nato-summit considered targeting US President Barack Obama's re-election campaign headquarters and the home of Chicago Mayor Rahm Emanuel, according to court documents released on Saturda
Published 20 May, 2012 12:00am
Thousands rally in Taiwan against president

Thousands rally in Taiwan against president

Tens of thousands of Taiwanese rallied in Taipei on Saturday to voice their anger at President Ma Ying-jeou over a spate of controversial policies, on the eve of his inauguration for a second term. Protesters held placards proclaiming "President Ma, you s
Published 20 May, 2012 12:00am
20 dead in tunnel blast in China

20 dead in tunnel blast in China

Twenty people were killed in an explosion inside an under-construction expressway tunnel in central China's Hunan province on Saturday, state media said. The blast happened in Zhuzhou city when a vehicle carrying explosives was unloading in the tunnel, th
Published 20 May, 2012 12:00am
16 killed in India bus accident

16 killed in India bus accident

At least 16 people were killed and more than a dozen injured when their bus hit a truck and caught fire in the northern Indian state of Uttar Pradesh, police said Saturday. The accident took place late Friday in Bahraich district about 130 kilometres nort
Published 20 May, 2012 12:00am
Trapped China miner found after 17 days

Trapped China miner found after 17 days

A miner who was buried underground for 17 days following a colliery flood in north-east China was found alive on Saturday, state media said. The survivor was in a stable condition after receiving treatment in a local hospital, the Xinhua news agency said,
Published 20 May, 2012 12:00am
US soldier charged over 2009 Iraq killings

US soldier charged over 2009 Iraq killings

A US soldier has been charged with murder over the 2009 killing of five comrades at a stress clinic on the biggest US base in Iraq, the military said Friday. Sergeant John Russell, who is being held at the Joint Base Lewis-McChord in Washington state, fac
Published 20 May, 2012 12:00am
Artists lead thousands against Putin in Moscow

Artists lead thousands against Putin in Moscow

Dozens of Russian artists with brooms in hand carted their most expressive works across the boulevards of Moscow on Saturday in a show of exasperation at Vladimir Putin's return to a third Kremlin term. Several thousand Muscovites joined them in a second
Published 20 May, 2012 12:00am
Teenager killed in Italy school blast

Teenager killed in Italy school blast

Italy was in shock on Saturday after a 16-year-old girl died and five other teens were gravely injured in a bomb blast at a school, as investigators cast doubt on possible involvement by the mafia. There were scenes of chaos and carnage when the powerful
Published 20 May, 2012 12:00am
Suicide blast, attacks kill 19 in Syria

Suicide blast, attacks kill 19 in Syria

A suicide bomber detonated a car bomb in eastern Syria on Saturday killing nine people, as US President Barack Obama said the G8 wanted a political transition in the violence-wracked country. The bombing was the first of its kind in Deir Ezzor, eastern Sy
Published 20 May, 2012 12:00am
Yemen clashes kill 34 militants, soldiers

Yemen clashes kill 34 militants, soldiers

At least 22 al Qaeda-linked militants and 12 Yemeni soldiers were killed in clashes and air strikes overnight during a US-backed offensive against insurgents in the south of the country, officials said on Saturday. Fighting erupted late on Friday and carr
Published 20 May, 2012 12:00am
President sworn in as E. Timor celebrates independence

President sworn in as E. Timor celebrates independence

Taur Matan Ruak called for "sweat and hard work" to lift East Timor out of poverty as he was sworn in as president Sunday hours before the nation celebrated a decade of independence Shortly after midnight, the former guerrilla fighter took over the presid
Published 20 May, 2012 12:00am
China says US report on its military unjust

China says US report on its military unjust

China expressed Saturday its "firm opposition" to a Pentagon report that said Beijing was carrying out aggressive cyber espionage as part of a steady build-up of its military power, state media said. Foreign ministry spokesman Hong Lei said "China's justi
Published 20 May, 2012 12:00am
El Nino could cut global cocoa output: ICCO

El Nino could cut global cocoa output: ICCO

Possible El Nino weather conditions later this year could exacerbate a potential global cocoa deficit in the coming 2012/13 season, causing prices to climb, the International Cocoa Organisation (ICCO) said. "We know that when we have El Nino conditions it
Published 20 May, 2012 12:00am
Regulators at odds over longer CME grain cycle

Regulators at odds over longer CME grain cycle

Jill Sommers, a commissioner at the Commodity Futures Trading Commission, on Monday said she opposed a push by fellow Commissioner Bart Chilton to delay the start of nearly around-the-clock grain trading by the CME Group with a 30-day comment period.
Published 20 May, 2012 12:00am
Thai rice prices hit seven-month high on tight market supply

Thai rice prices hit seven-month high on tight market supply

Thai rice prices hit a seven-month high this week on tight market supply as the government moved to stockpile the grain to push up prices amid falling foreign demand, traders said. The price of benchmark 100 percent B grade Thai white rice rose 5 percent
Published 20 May, 2012 12:00am
Indonesian coffee premiums at two-month low

Indonesian coffee premiums at two-month low

Indonesian coffee premiums slipped to their lowest since early March this week as more beans entered the physical market ahead of the peak of the harvest, spurring renewed buying interest from foreign roasters, dealers said on Thursday. Premiums for Sumat
Published 20 May, 2012 12:00am
Asian cocoa butter ratios at London levels; sporadic buying seen

Asian cocoa butter ratios at London levels; sporadic buying seen

Cocoa butter ratios, a key indicator of demand, held steady at 1.0 times London futures on Thursday and were likely to stay at the current level next week on the back of sporadic demand from chocolate makers, dealers said. Renewed concerns over bean suppl
Published 20 May, 2012 12:00am
Former miner Abbott may collect millions from LME sale

Former miner Abbott may collect millions from LME sale

From straitened origins in coal mining and the rag trade, Martin Abbott is in line for a major windfall as the 135-year-old London Metal Exchange goes under the hammer. If the deal goes through, the LME's chief executive will collect his share of a shadow
Published 20 May, 2012 12:00am
Thai rubber company aims to invest in Myanmar

Thai rubber company aims to invest in Myanmar

Thai Hua Rubber Pcl, Thailand's third-largest rubber producer, plans to invest in Myanmar, aiming to produce rubber and export it following political and economic reforms there, the company's chief executive said on Thursday. "We have already met Myanmar'
Published 20 May, 2012 12:00am
Thailand may export record volume of sugar in 2012

Thailand may export record volume of sugar in 2012

Thailand, the world's second-biggest sugar exporter, has ended its 2011/12 crushing season and produced a record 10.2 million tonnes of sugar, the Office of Cane and Sugar Board (OCSB) said on Tuesday, adding that might lead to record exports this year.
Published 20 May, 2012 12:00am
Brazil sugar output gap filled by other origins

Brazil sugar output gap filled by other origins

Brazil's faltering sugar output has created a supply gap that is being filled by alternative origins, triggering uncertainty for refiners who would normally use the Brazilian sweetener, commodities house Czarnikow said on Friday. Brazil's center-south 201
Published 20 May, 2012 12:00am
Indian sugar mills oppose 10,000 tonnes of export cap

Indian sugar mills oppose 10,000 tonnes of export cap

The Indian government should withdraw an order that prohibits sugar exporters from seeking approval for overseas sales of more than 10,000 tonnes in one application, a leading industry body said on Tuesday as it goes against a decision to free exports.
Published 20 May, 2012 12:00am
Mali sees higher cotton output despite instability

Mali sees higher cotton output despite instability

Mali confirmed on Wednesday its forecast for a strong rise in local cotton production for the 2012/2013 season despite unrest that included a March 22 military coup and a rebellion that has since gained control of the northern part of the country.
Published 20 May, 2012 12:00am
Commodity prices mostly slide on eurozone crisis fears

Commodity prices mostly slide on eurozone crisis fears

Most commodities struggled this week, with many striking multi-month lows, as investors eyed the strong dollar and the eurozone debt crisis that is plaguing Greece and threatening Spain, traders said. At the same time, a slew of recent bleak data has spar
Published 20 May, 2012 12:00am
Parochial politics

Parochial politics

The ones who do not believe in parochialism, ethnicity and linguistic based ' hate-mongering' politics, must have been deeply distressed with the divisive and parochial utterances of the Sindh Chief Minister, Syed Qaim Ali Shah, who while addressing a ret
Published 20 May, 2012 12:00am
Indian students puzzled by politicians' reaction to cartoon

Indian students puzzled by politicians' reaction to cartoon

Revati Sahijwani, 16, is bewildered by a controversy over a 63-year-old cartoon in an Indian textbook that her New Delhi school has been using for five years. The cartoon shows Dalit leader BR Ambedkar, who guided the drafting of the constitution, sitting
Published 20 May, 2012 12:00am
Malnutrition threatens Niger children with lifelong damage

Malnutrition threatens Niger children with lifelong damage

Twin girls Hassana and Ousseina weighed less than 1.5 kilograms each when they came into the world a month ago. Now, after 18 days in the central hospital of Maradi in the far south of Niger, they have almost doubled in weight, even though they still look
Published 20 May, 2012 12:00am
Minimum wages in Sindh: Lacunae in laws

Minimum wages in Sindh: Lacunae in laws

The preamble of minimum wages laws in the Islamic Republic of Pakistan are to do justice with employees and employers of commercial and industrial establishments keeping in view business conditions and to do justice with male and female workers. But it wa
Published 20 May, 2012 12:00am
Home at last!

Home at last!

Dr Khalil Chishty, a prominent virologist who retired as head of the Karachi University's Department of Microbiology, finally returned home after 20 years of trial and imprisonment in India as a tired, infirm 80-year-old man, who couldn't walk unaided. Hi
Published 20 May, 2012 12:00am
More on the Bannu jail attack

More on the Bannu jail attack

If the KP government is still unclear and its investigating team is still busy figuring out how a secure jail as the Bannu jail fell to the Taliban nightriders last month, the video released by the militant militia should help. The 34-minute footage now a
Published 20 May, 2012 12:00am
Speakers underscore need for compulsory education

Speakers underscore need for compulsory education

Speakers at a consultative meeting held here on Saturday said that federal and provincial governments should immediately take effective steps to implement Article 25-A of the constitution, which guarantees free and compulsory education for all children of
Published 20 May, 2012 12:00am
Rustication of 15 students: orders withdrawn

Rustication of 15 students: orders withdrawn

On the recommendations of the Disciplinary Committee, the management of University of Sindh has withdrawn the rustication orders of 15 students and restored their admissions in their respective disciplines.
Published 20 May, 2012 12:00am
Khyber Pakhtunkhwa lifts ban on route permits of commuter vehicles

Khyber Pakhtunkhwa lifts ban on route permits of commuter vehicles

The Department of Transport, Khyber Pakhtunkhwa has lifted ban on issuance of route permits of commuters' vehicles with immediate effect. The decision to this effect was taken in a meeting held on Friday with Transport and Information Minister Mian Iftikh
Published 20 May, 2012 12:00am
FBR rejects proposal to withdraw FED from shampoos

FBR rejects proposal to withdraw FED from shampoos

The Federal Board of Revenue (FBR) has rejected a budgetary proposal of a leading Karachi-based multinational company to withdraw federal excise duty (FED) on shampoos in the upcoming budget (2012-2013). Sources told Business Recorder here on Satur
Published 20 May, 2012 12:00am
NGO holds protest demo against government

NGO holds protest demo against government

Concerned Citizens of Pakistan, a non-governmental organisation, has demand that the government should immediately implement all Supreme Court Verdicts in letter and spirit. The demand was put forward in a protest held on Saturday, which was organised by
Published 20 May, 2012 12:00am
Three scientists of Sindh University honoured

Three scientists of Sindh University honoured

Three scientists of the University of Sindh namely Professor Dr Muhammad Iqbal Bhanger, Professor Dr Tasneem Gul Kazi, Dr Hassan Imran Afreedi were honoured with Research Productivity Award in "A" category by the Prime Minister of Pakistan. In a ceremony
Published 20 May, 2012 12:00am
Two alleged criminals arrested

Two alleged criminals arrested

Law Enforcement Agencies (LEAs) on Saturday claimed to have arrested two alleged criminals and recovered weapons from their possession during search operation at Baloch Para, Jahangir road. According to police and eye-witnesses, at around 2:30AM., heavy c
Published 20 May, 2012 12:00am
Chief of Naval Staff inaugurates NSFC Headquarters

Chief of Naval Staff inaugurates NSFC Headquarters

Chief of Naval Staff Admiral Mohammad Asif Sandila on Saturday inaugurated the newly constructed Headquarter of the Naval Strategic Force Command (NSFC). Lieutenant General Khalid Ahmed Kidwai (Retd) Director General Strategic Plans Division and other sen
Published 20 May, 2012 12:00am
Role of CPSP praised

Role of CPSP praised

The College of Physicians and Surgeons Pakistan (CPSP) will become the only College of the entire Muslim states due to its strict merit policy, transparent and non-political character. The college has got world-wide fame and catering the demand of 85 perc
Published 20 May, 2012 12:00am
Mobilink holds workshops to develop mobile game skills

Mobilink holds workshops to develop mobile game skills

Mobilink has announced a series of workshops across Pakistan providing students and independent software developers with the opportunity to develop mobile game development skills. The workshops are being organised as a means to evaluate the conceptual str
Published 20 May, 2012 12:00am
Cyprus-flagged cargo ship arrested

Cyprus-flagged cargo ship arrested

A Cyprus flagged carrier bulk cargo ship was arrested on Saturday at Karachi port on court's orders over dispute between the shipper and consignee, harbour officials said. A Cyprus flagged carrier-Captain Ore docked at Karachi port on May 6, Sunday betwee
Published 20 May, 2012 12:00am
Call to resolve problems of Hyderabad, Kotri industrial areas

Call to resolve problems of Hyderabad, Kotri industrial areas

President Hyderabad Chamber of Commerce & Industry Gohar Ullah has urged Kotri and Hyderabad industrial estates to get united for the resolution problems. He said this while speaking a reception hosted by KATI in the honour of industrialists and traders o
Published 20 May, 2012 12:00am
Two injured in Dera Allahyar firing incident

Two injured in Dera Allahyar firing incident

Two persons including a woman sustained injuries in an incident of firing in Dera Allahyar area of Jaffarabad. Police informed APP here on Saturday that an armed man opened fire at the people in an area near Bypass of Dera Allahyar. "As a result of firing
Published 20 May, 2012 12:00am
Rs 3.5 million scholarships distributed among POF employees' kids

Rs 3.5 million scholarships distributed among POF employees' kids

Instead of spreading disappointments among youths, we should highlight positive aspects and successes of Pakistani society. The main object of distribution scholarship valuing Rs 3.5 million among the students is the recognition of their best performance
Published 20 May, 2012 12:00am
Two bodies found

Two bodies found

Two sack-wrapped unidentified bodies were recovered within the precincts of Yar Hussain Police Station, police said on Saturday. According to details, apparent cause of the death was gunshot wounds in the heads of both victims. Police have buried the bodi
Published 20 May, 2012 12:00am
ICMS students awarded at Intel Science Fair

ICMS students awarded at Intel Science Fair

Students representing Institute of Computer and Management Sciences (ICMS) from Pakistan were winners of a fourth place grand award in the animal science category at this years Intel International Science and Engineering Fair, a programme of Society for S
Published 20 May, 2012 12:00am
Metropolitan Commissioner returns from Mashhad

Metropolitan Commissioner returns from Mashhad

KMC Metropolitan Commissioner Matanat Ali Khan returned after a seven day visit to Iranian city Mashhad. He was accompanied by Senior Director Veterinary Services Mukhtar Hussain and Senior Director Mass Transit Rasheed Mughal on this visit. They paid det
Published 20 May, 2012 12:00am
PRGMEA Chairman meets CG of Germany

PRGMEA Chairman meets CG of Germany

The Central Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), Shehzad Salim meets with Consul General of Germany in Pakistan, Dr Tilo Klinner regarding the proposed EU Trade Concession Package for Pakistan. In this meeti
Published 20 May, 2012 12:00am
Winning customers' trust key to success in business: LCCI

Winning customers' trust key to success in business: LCCI

Winning customers' trust and provision of quality products is vital for businesses in the modern world that has become a global village and all sorts of information are just a click away from buyers and sellers. Only those businesses will be able to make
Published 20 May, 2012 12:00am
Two persons including builder shot dead in Karachi

Two persons including builder shot dead in Karachi

At least two persons including a builder fell prey to the spate of targeted killing in separate incidents at various parts of the metropolis on Saturday. According to police and rescue sources, a young member of Association of Builders and Developers (Aba
Published 20 May, 2012 12:00am
PTEA concerned at increase in power rates

PTEA concerned at increase in power rates

Price hike of 16 per cent in electricity is a budget bomb prior to budget which will have disastrous fall out on the economy of the country and textile exports in particular, said Rana Arif Tauseef, Chairman Pakistan Textile Exporters Association.
Published 20 May, 2012 12:00am
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