News Archives for Print - 2012-06-11

Minister flies to Afghanistan after French deaths

France's defence minister headed for Afghanistan on Sunday, hours after an attack that killed four French soldiers and an announcement that the nation would begin withdrawing troops in July.

Published 11 Jun, 2012 12:00am

hebbasaSubzwari for developing healthy, positive mindset among youths

The iLEAD team under the leadership of Faisal Ali Subzwari, organised iLEAD Appreciation and Acknowledgement Ceremony for the participants of iLEAD Teachers' Training Programme on the curriculum Nurturing Healthy Minds and Bodies which was held during 201

Published 11 Jun, 2012 12:00am

Government urged to allocate Rs 15 billion to agriculture sector to boost GDP growth

The government could enhance the GDP growth rate target through agriculture sector by increasing crop production, thereby making the country a major agriculture product exporting country.

Published 11 Jun, 2012 12:00am

Tributes paid to Dr Panhwar

Noted writers and intellectuals while paying rich tribute to Late Dr Khan Muhammad Panhwar, founder of the department of Mass Communication in the University of Sindh, have urged the establishment of Dr Khan Muhammad Panhwar Research Chair in the Universi

Published 11 Jun, 2012 12:00am

'Bank Governance Programme' launched

Pakistan Institute of Corporate Governance (PICG) in collaboration with International Finance Corporation (IFC) and Hikmah Consulting (Pvt) Limited launched 'Bank Governance Programme' for Directors and senior management recently. The programme was inaugu

Published 11 Jun, 2012 12:00am

Shutdown to be observed in IHK today

Complete shutdown will be observed in occupied Kashmir on Monday to mark the start of Martyrs Week in memory of all Kashmiri martyrs including those 122 innocent youth, who were killed by Indian troops and police personnel during 2010 uprising in the terr

Published 11 Jun, 2012 12:00am

'Educated women play a key role in society's development'

Acting Vice Chancellor University of Sindh Prof Dr Parveen Shah has called upon the society to pay attention on the education of their girls so that a healthy society can be developed. She was speaking as chief guest at a function organised jointly by Ins

Published 11 Jun, 2012 12:00am

'Educated women play a key role in society's development'

Acting Vice Chancellor University of Sindh Prof Dr Parveen Shah has called upon the society to pay attention on the education of their girls so that a healthy society can be developed. She was speaking as chief guest at a function organised jointly by Ins

Published 11 Jun, 2012 12:00am

Bangladesh delegation visits KU

"Pakistan and Bangladesh enjoys bilateral relationships. Cooperation in academics and research will prove to be beneficial for the nations of both countries because both the countries are struggling to achieve success in all walks of life". This was state

Published 11 Jun, 2012 12:00am

Bangladesh delegation visits KU

"Pakistan and Bangladesh enjoys bilateral relationships. Cooperation in academics and research will prove to be beneficial for the nations of both countries because both the countries are struggling to achieve success in all walks of life". This was state

Published 11 Jun, 2012 12:00am

PML-F has no reservations on Zulfikarabad project: Imtiaz

Advisor to the Chief Minister Sindh, Imtiaz Shaikh, who is also the General Secretary of Pakistan Muslim League (Functional), has said the PML-F has no reservations over the Zulfikarabad project. "However, the government should still try to address the co

Published 11 Jun, 2012 12:00am

Commodities' prices move within obtaining range on domestic market, show rising trend on global markets

The 2012-13 budget made market traverse with measured pace, while holy Ramazan prompted faithfuls to lay hands on stuff likely to turn pricey. On the globe front Russian wheat faced hurdle in exports, though food prices registered four percent loss during

Published 11 Jun, 2012 12:00am

Nuclear and coal power face climate change risks

Warmer water and reduced river flows will cause more power disruptions for nuclear and coal-fired power plants in the United States and Europe in future, scientists say, and lead to a rethink on how best to cool power stations in a hotter world.

Published 11 Jun, 2012 12:00am

Soya doesn't boost brainpower in older women: study

Taking daily soya supplements doesn't improve thinking and memory skills or keep them from declining in older women, new findings suggest. The study of 313 postmenopausal women showed those who took 25 extra grams of soya protein each day improved slightl

Published 11 Jun, 2012 12:00am

Wider letter spacing helps dyslexics read

European researchers said on June 04 that offering reading materials with wider spacing between the letters can help dyslexic children read faster and better. In a sample of dyslexic children age eight to 14, extra-wide letter spacing doubled accuracy and

Published 11 Jun, 2012 12:00am

CT scans in childhood increase cancer risk

Children exposed to multiple CT scans could be up to three times likelier to contract cancer of the blood, brain or bone marrow later in life, according to research published on June 07. Writing in The Lancet medical journal, a team of scientists in Canad

Published 11 Jun, 2012 12:00am

Fetal genome map could aid disease screening

An increasingly detailed map of the genome of a fetus could lead to easier screening for a host of rare disorders, according to US research published on June 06. Although previous studies have shown that the fetal genome can be glimpsed with just a sample

Published 11 Jun, 2012 12:00am

Consumption driving 'unprecedented' environment damage: UN

Population growth and unsustainable consumption are driving Earth towards "unprecedented" environmental destruction, the UN said in a report on June 06 ahead of the Rio Summit. Of 90 key goals to protect the environment, only four have seen good progress,

Published 11 Jun, 2012 12:00am

Samsung unveils computers running on Windows 8

South Korea's Samsung Electronics unveiled notebook and tablet computers running on Windows 8 on June 5, the latest firm to showcase products that use Microsoft's eagerly-awaited new operating system. On the opening day of Asia's leading IT fair in Taipei

Published 11 Jun, 2012 12:00am

Voice, gesture will be ultrabook focus in 2013: Intel

While touchscreen enabled super-thin "ultrabooks" are the focus of attention for tech industry players gathered in Taiwan this week, Intel Corp says by 2013 the buzz will have moved on to voice and gesture recognition features.

Published 11 Jun, 2012 12:00am

An app that lets you text like the Queen

In celebration of Queen Elizabeth's Diamond Jubilee, a mobile app is adding a royal touch to emails, texts and tweets by suggesting words that the British monarch would be most likely to use. SwiftKey is an Android app that uses artificial intelligence to

Published 11 Jun, 2012 12:00am

4G mobile networks to cover half the world by 2017: Ericsson

Half the world will have access to 4G mobile networks by 2017 providing the high-speed Internet access needed to download videos and play games on smartphones, Ericsson said in a report on the telecoms market on June 5.

Published 11 Jun, 2012 12:00am

Facebook opens online centre for social 'apps'

Facebook on June 7 began rolling out an App Centre for mini-programs that plug offerings such as Pinterest or Draw Something into the leading social network. The App Centre feature opened its virtual doors in the United States with 600 programs geared for

Published 11 Jun, 2012 12:00am

Facebook explores access for kids under 13

Facebook is working on technology that would permit children under the age of 13 to use the social network site with parental supervision, people familiar with the effort said on June 4. Facebook currently requires members to be at least 13, but the new e

Published 11 Jun, 2012 12:00am

New Internet standard gives global network room to grow

A new Internet standard giving the global network more room to grow came into effect on June 6, a move that users probably won't notice. The switch occurred at 0001 GMT Wednesday, when Internet operators switched to a new standard called IPv6 that allows

Published 11 Jun, 2012 12:00am

Twitter unveils new bird trademark

Twitter unveiled a new 'Twitterbird' on May 31, which will be the new trademark symbol for the fast-growing company. The new bird "grows out of love for ornithology, design within creative constraints, and simple geometry," Bowman said.

Published 11 Jun, 2012 12:00am

Majority of US seniors now going online: poll

It's taken a while, but a majority of Americans aged 65 and older are now finally using the Internet or email, according to the results of a Pew Research Center poll released on June 6. Reporting its findings, Pew's Internet research unit said 53 percent

Published 11 Jun, 2012 12:00am

Windows phones to outsell iPhones by 2016

Windows phones will outsell iPhones by 2016, a report by the research firm IDC predicted on June 6. The report provides a major boost for Microsoft and its main smartphone partner Nokia, which until now have experienced severe difficulties in gaining any

Published 11 Jun, 2012 12:00am

Next Windows version to support touch, app store

The next version of Microsoft's Windows operating system will let users run PCs by touchscreen as well as keyboard, and shop in an app store like Apple's, an official with the US software giant said on June 4. Previous versions of Windows for mobile devic

Published 11 Jun, 2012 12:00am

Ford says studying indigenous brands for China market

Ford Motor is in talks with local partners to introduce indigenous brands in China as it plays catch-up in the world's biggest auto market with the likes of General Motors and Volkswagen, its China chief said on June 04.

Published 11 Jun, 2012 12:00am

Samsung names vice chairman as new CEO

South Korea's Samsung Electronics on June 07 named Kwon Oh-Hyun, one of its vice-chairmen, as its new chief executive officer. Kwon succeeds former CEO Choi Gee-Sung and will handle "corporate-wide affairs" as CEO while continuing to oversee the component

Published 11 Jun, 2012 12:00am

India's Reliance announces investment drive

India's largest private company, Reliance Industries, said on June 07 will invest $18 billion over the next four to five years to expand in the country and more than double operating profit. Mukesh Ambani, India's richest man, also told the firm's annual

Published 11 Jun, 2012 12:00am

Opel aims for 10 percent market share in Germany

General Motors' struggling European unit Opel has emerged from its worst-ever sales crisis in Germany and now expects to gradually expand its slice of the market back into the double digits, a level not seen since 2005.

Published 11 Jun, 2012 12:00am

Opel aims for 10 percent market share in Germany

General Motors' struggling European unit Opel has emerged from its worst-ever sales crisis in Germany and now expects to gradually expand its slice of the market back into the double digits, a level not seen since 2005.

Published 11 Jun, 2012 12:00am

JP Morgan targets more British millionaires

A drive to attract more British millionaire clients marks a first phase of plans by J. P Morgan to expand its private banking services across Europe, the Middle East and Africa (EMEA), targeting clients who are rich if not yet in the "ultra rich" bracket.

Published 11 Jun, 2012 12:00am

AirAsia begins flights to Malaysia

Budget carrier AirAsia's Philippine unit on June 09 began its international operations with the first of its daily flights to Malaysia, the company said. The airline's Airbus A320 plane departed on its inaugural foreign flight from Clark airport, a sprawl

Published 11 Jun, 2012 12:00am

Banks face competition on mobile wallets

More than half of the consumers interested in paying for goods with their smart phones do not want the service provided by their main bank, according to a study. Eight out of 10 consumers said they would consider online payment provider PayPal Inc, owned

Published 11 Jun, 2012 12:00am

India frustrations send some foreign firms packing

Frustrated by a lack of opportunities in India, Germany's Fraport, the world's No. 2 airport operator, is shutting its development office in the country, the latest in a growing list of companies exiting Asia's third-largest economy.

Published 11 Jun, 2012 12:00am

Messi's hat trick lifts Argentina over Brazil

Lionel Messi recorded his second international hat trick, scoring three times as Argentina edged Brazil 4-3 in an international exhibition game Saturday. Messi finished the season with a club and country record 82 goals, scoring all three times off sizzli

Published 11 Jun, 2012 12:00am

Best hits world record score by a number 11

West Indies pace bowler Tino Best smashed 95 on Sunday to record the highest score by a number 11 batsmen in the history of test cricket on the fourth day of the third and final test against England at Edgbaston.

Published 11 Jun, 2012 12:00am

No place for 'spot fixers' in cricket team: Zaka

Chairman Pakistan Cricket Board (PCB) Ch M Zaka Ashraf has said that players who are selling their country for 5,000 or 7,000 British pounds will not be considered for the selection in national cricket team. In an interview he said spot fixing scandal got

Published 11 Jun, 2012 12:00am

Mike Hussey out of Australia's ODI tour

Senior batsman Mike Hussey has withdrawn from Australia's one-day tour of England and Ireland for family reasons and will be replaced by Peter Forrest, Cricket Australia said on Sunday. The 37-year-old Hussey, who has made 181 ODI appearances, requested p

Published 11 Jun, 2012 12:00am

UEFA charges German and Portuguese FAs

UEFA has opened disciplinary proceedings against the German and Portuguese Football Associations following Saturday's Euro 2012 Group B match which Germany won 1-0 in Lviv. "The German Football Association (DFB) is charged with the throwing of missiles by

Published 11 Jun, 2012 12:00am

Pakistani HC hopes Pak-India cricket ties resume soon

Pakistani High Commissioner Shahid Malik has expressed the hope that bilateral cricket ties between Pakistan and India will soon resume. Talking to Indian media in New Delhi, he counted the non-renewal of "cricket ties" as the biggest low of his tenure.

Published 11 Jun, 2012 12:00am

Nigeria police vow to free abducted footballer

Nigerian police on Sunday vowed to rescue international footballer Christian Obodo unhurt after he was kidnapped near the oil city of Warri on Saturday. "We confirm that Obodo was kidnapped yesterday (Saturday) in Effurum (near Warri). We are making all d

Published 11 Jun, 2012 12:00am

Wiggins wins second straight Dauphine

Britain's Team Sky rider Bradley Wiggins won the Criterium du Dauphine for the second year running here Sunday, as Spain's Daniel Moreno won the seventh and final stage. Moreno edged ahead of compatriot Luis Leon Sanchez and Australia's Cadel Evans - last

Published 11 Jun, 2012 12:00am

Volleyball: Australia qualify for Olympics

Australia clinched a ticket to the London Olympics when they outgunned China on Sunday to take the top place among Asian teams at the men's volleyball qualifying tournament in Tokyo. Australia's 25-12, 25-20, 25-13 victory gave them a 5-2 win-loss record

Published 11 Jun, 2012 12:00am

French Open final to resume on Monday

The French Open men's final between six-times champion Rafa Nadal and world number one Novak Djokovic was suspended for the day after rain stopped play on Sunday. Organisers said the match would resume at 1100 GMT on Monday.

Published 11 Jun, 2012 12:00am

Nadal leads Djokovic in French final

Novak Djokovic fought back in his French Open final against Rafa Nadal byclaiming the third set to trail 6-4 6-3 2-6 on Sunday. The Spaniard raced into a 3-0 lead in the opening set with two breaks of serve as his forehand pierced holes in Djokovic's defe

Published 11 Jun, 2012 12:00am

Murray looks for solace at Queen's

Andy Murray has passed a late fitness test and will lead the field at the pre-Wimbledon Queen's club grass event starting on Monday. The world number four, who owns two titles from the last three edition at the classy west London venue, had been declared

Published 11 Jun, 2012 12:00am

Murray looks for solace at Queen's

Andy Murray has passed a late fitness test and will lead the field at the pre-Wimbledon Queen's club grass event starting on Monday. The world number four, who owns two titles from the last three edition at the classy west London venue, had been declared

Published 11 Jun, 2012 12:00am

Bolt uninjured in minor road accident

Jamaica's double Olympic sprint champion Usain Bolt walked away uninjured from a minor road accident early on Sunday, press here reported.

Published 11 Jun, 2012 12:00am

Russia proud of 'legendary' exile Sharapova

Russia on Sunday lavished praised on its "legendary" tennis star Maria Sharapova after her French Open victory, the highpoint of a career that took flight when she left her homeland aged seven.

Published 11 Jun, 2012 12:00am

Strikerless Spain held to 1-1 draw by Italy

Spain's gamble of starting without a recognised striker almost backfired when the holders needed a Cesc Fabregas equaliser to salvage a 1-1 draw against Italy in their Euro 2012 Group C opener on Sunday.

Published 11 Jun, 2012 12:00am

Volkswagen to build four million cars in China

Volkswagen plans to nearly double its production in China in the next few years, according to a management board member who was recently appointed to head the group's operations in the country. "By 2018 we will raise our production capacity in the country

Published 11 Jun, 2012 12:00am

Volkswagen to build four million cars in China

Volkswagen plans to nearly double its production in China in the next few years, according to a management board member who was recently appointed to head the group's operations in the country. "By 2018 we will raise our production capacity in the country

Published 11 Jun, 2012 12:00am

Summer sales on in global jet industry

A summer battle for orders is underway in the global jet industry, which gathers in Beijing on Sunday for the first of two crucial events in two months, pitting the world's largest planemakers against each other in a race for deals worth $50 billion at ca

Published 11 Jun, 2012 12:00am

China's exports, imports rise sharply

China's exports and imports shot up in May, but analysts cautioned the better-than-expected data released Sunday was no cause for joy amid global economic woes and a slowdown in the Asian powerhouse. The strong figures come after China put in a poor econo

Published 11 Jun, 2012 12:00am

Rajoy says his reforms saved Spain from full rescue

Prime Minister Mariano Rajoy tried on Sunday to deflect withering criticism for his handling of Spain's debt crisis, saying the country had avoided a full rescue for its state debt due to his economic reforms and steps to cut the budget deficit.

Published 11 Jun, 2012 12:00am

Rajoy says his reforms saved Spain from full rescue

Prime Minister Mariano Rajoy tried on Sunday to deflect withering criticism for his handling of Spain's debt crisis, saying the country had avoided a full rescue for its state debt due to his economic reforms and steps to cut the budget deficit.

Published 11 Jun, 2012 12:00am

Vietnam banking reform in trouble

Vietnam's drive to restructure its troubled banking sector is being derailed by powerful interest groups as the political will needed to force through painful reforms falters, experts say. After a decade of rapid, chaotic bank liberalisation, Vietnam has

Published 11 Jun, 2012 12:00am

$500 million Gulf Marine sale talks collapse

A potential $500 million sale of a 79-percent stake in Gulf Marine Services (GMS) by its Abu Dhabi-based private equity owner has collapsed due to financing issues and differences over valuation, three sources said. They said that talks between seller Gul

Published 11 Jun, 2012 12:00am

$500 million Gulf Marine sale talks collapse

A potential $500 million sale of a 79-percent stake in Gulf Marine Services (GMS) by its Abu Dhabi-based private equity owner has collapsed due to financing issues and differences over valuation, three sources said. They said that talks between seller Gul

Published 11 Jun, 2012 12:00am

Bored of euro crisis, economists bet on Euro 2012

Tired of the constant barrage of depressing headlines from the eurozone debt crisis, German economists have turned their skills to the rather more fun task of forecasting the European Championships. Using a variety of tongue-in-cheek models usually applie

Published 11 Jun, 2012 12:00am

Bored of euro crisis, economists bet on Euro 2012

Tired of the constant barrage of depressing headlines from the eurozone debt crisis, German economists have turned their skills to the rather more fun task of forecasting the European Championships. Using a variety of tongue-in-cheek models usually applie

Published 11 Jun, 2012 12:00am

Opec meets amid weak outlook, Iran tensions

Opec ministers gather this week in Vienna to review cartel's oil output levels against the backdrop of a weak global economy, fragile demand, oversupply and simmering Iran tensions. The Organisation of Petroleum Exporting Countries (Opec), whose 12 member

Published 11 Jun, 2012 12:00am

Vatican bank has no secret accounts, official says

A senior official of the Vatican's bank denied on Sunday a reports that prominent Italian lay clients including politicians held secret numbered accounts at the institution, which is caught up in a money laundering investigation.

Published 11 Jun, 2012 12:00am

Britain's bank regulator to be beefed up

Britain's banking regulator could be handed new powers to enforce government recommendations on how the country's largest banks should ring fence their retail and investment operations, The Sunday Telegraph reported.

Published 11 Jun, 2012 12:00am

Bangladesh's exports continue to fall on euro crisis

Bangladesh's exports fell for the third month in a row in May, government figures showed on Sunday, as the euro zone debt crisis continued to subdue the country's economy. In May, exports plunged 4.17 percent from a year earlier to $2.199 billion, Export

Published 11 Jun, 2012 12:00am

IT security provider Qualys files for $100 million IPO

Cloud security provider Qualys Inc filed with US regulators to raise up to $100 million in an initial public offering of its common stock. The company, which provides a cloud computing based platform for companies to secure their IT infrastructure, said i

Published 11 Jun, 2012 12:00am

IT security provider Qualys files for $100 million IPO

Cloud security provider Qualys Inc filed with US regulators to raise up to $100 million in an initial public offering of its common stock. The company, which provides a cloud computing based platform for companies to secure their IT infrastructure, said i

Published 11 Jun, 2012 12:00am

Ford takes advantage of high-grade status with +ACQ-1.5 billion bond

Buoyed by a push to investment-grade status by Moody's last month, Ford Motor Credit on Thursday took full advantage of positive sentiment in the US investment grade market, raising a healthy +ACQ-1.5 billion from a five-year trade.

Published 11 Jun, 2012 12:00am

Ford takes advantage of high-grade status with +ACQ-1.5 billion bond

Buoyed by a push to investment-grade status by Moody's last month, Ford Motor Credit on Thursday took full advantage of positive sentiment in the US investment grade market, raising a healthy +ACQ-1.5 billion from a five-year trade.

Published 11 Jun, 2012 12:00am

Emerging FX rout to escalate as bond funds succumb

This week's furious selloff in emerging market currencies looks set to gather pace in coming days on signs that hitherto resilient domestic bond markets are finally crumbling under the weight of global risk aversion.

Published 11 Jun, 2012 12:00am

Emerging FX rout to escalate as bond funds succumb

This week's furious selloff in emerging market currencies looks set to gather pace in coming days on signs that hitherto resilient domestic bond markets are finally crumbling under the weight of global risk aversion.

Published 11 Jun, 2012 12:00am

Europe crisis, China slowdown to crimp yuan rise

The pace of appreciation in China's yuan is set to slow sharply over the next 12 months, as jitters over Europe's debt crisis and a slowdown in the world's second-largest economy may prod some investors to pull out funds, a Reuters poll showed. The median

Published 11 Jun, 2012 12:00am

Greek election 'to keep pressure on Tokyo stocks'

Tokyo stocks are likely to stay under pressure in the coming week as investors await the outcome of the June 17 Greek election, analysts said Friday. In the week to June 8, the Nikkei 225 index at the Tokyo Stock Exchange gained 0.23 percent or 19.01 perc

Published 11 Jun, 2012 12:00am

Wall Street week ahead: rally's stamina hangs on Europe

Investors celebrated US stocks' best week in 2012 on Friday, but a cloud hangs over Wall Street, and it's what may happen in debt-plagued Europe this weekend. Spain is expected to ask the euro zone for help with recapitalizing its banks, a deal that could

Published 11 Jun, 2012 12:00am

Bangladesh's inter bank forex, interest rates

Inter bank buy/sell rates for the taka against the dollar on Sunday. 81.92-81.95 (previous 81.91-81.95).

Published 11 Jun, 2012 12:00am

Sterling to languish on gloomy economic picture

Sterling will not recoup any of its recent losses against the dollar over the coming year as the outlook for the British economy remains gloomier than that of the United States, a Reuters poll found on Thursday. The poll of around 60 foreign exchange stra

Published 11 Jun, 2012 12:00am

Deutsche Bank wins most accurate FX forecaster in May

Deutsche Bank's call for a stronger Japanese yen along with a weaker euro and sterling at the end of May helped it narrowly win the top spot for accuracy in the May Reuters foreign exchange poll.

Published 11 Jun, 2012 12:00am

China nuclear plans IPO to help fund projects worth $27 billion

China National Nuclear Power Co, the country's biggest nuclear power developer, plans to raise money to help fund projects worth $27.3 billion via what could be one of China's biggest initial public offerings.

Published 11 Jun, 2012 12:00am

Global markets week ahead: braced for the worst, hoping for aid

If risk-averse investors could grant two wishes for the coming week, they might choose to offer Spain a bank bailout and Greece a new government that keeps it in the eurozone.

Published 11 Jun, 2012 12:00am

Mohsen Rezaie to run for Iran presidency again

Veteran Iranian politician Mohsen Rezaie, who lost to Mahmoud Ahmadinejad in a disputed 2009 presidential poll that sparked protests, became the first person to declare his candidacy for next year, Iran's ILNA news agency reported on Sunday.

Published 11 Jun, 2012 12:00am

More than 14,100 killed since Syria revolt began: watchdog

At least 14,115 people, the majority civilians, have been killed in Syria since the start of the revolt against the regime of President Bashar al-Assad, the Syrian Observatory for Human Rights said Sunday. They comprised 9,862 civilians, 3,470 soldiers an

Published 11 Jun, 2012 12:00am

Iran to crack down on web censor-beating software

Iran's cyber police force is poised to launch a new crackdown on software that lets many Iranians circumvent the regime's Internet censorship, media reported on Sunday. The operation will target VPNs, or Virtual Private Networks, which use a secure protoc

Published 11 Jun, 2012 12:00am

Gunmen and suicide bomber attack Nigerian churches

Militants attacked two churches in Nigeria on Sunday, spraying the congregation of one with bullets, killing at least one person, and blowing up a car in a suicide bombing at the other, wounding 41, witnesses and police said.

Published 11 Jun, 2012 12:00am

Left eyes control of parliament as France votes

France voted on Sunday in the first round of an election tipped to give the left control of parliament and consolidate President Francois Hollande's grip on power as he seeks to ease the pain of a debt crisis in Europe.

Published 11 Jun, 2012 12:00am

Greek election sets up long, hot eurozone summer

World leaders will be keenly watching fresh elections in Greece next Sunday that could herald its exit from the eurozone, with potentially dire consequences for Europe and the global economy. "Events in Greece could trigger financial fright in Spain, Ital

Published 11 Jun, 2012 12:00am

Turkish ruling Islamists' zeal worries EU diplomats

European Union diplomats are expressing growing concern at what they see as the increasingly militant stance taken by Turkey's ruling Islamists. They accuse Ankara of using probes into alleged plots against the government as a tool to jail and silence opp

Published 11 Jun, 2012 12:00am

Nato will not launch air raids near homes, says Afghanistan

Nato will not conduct any more air strikes in residential areas, Afghan President Hamid Karzai said, after 18 civilians, most of them women and children, were killed in a recent raid provoking fresh rage against foreign forces.

Published 11 Jun, 2012 12:00am

At least 25 arrested in Canada's student unrest

At least 25 people were arrested late Saturday after hundreds took to Montreal's streets, protesting against plans to raise tuition fees and Canada's hosting of the Formula One Grand Prix. The march began peacefully, with some of the 500 protesters bangin

Published 11 Jun, 2012 12:00am

Al Qaeda group says Obama, Clinton worth only chickens, camels

A Somali Islamist militant group is offering rewards of chickens and camels for information on the whereabouts of President Barack Obama and Secretary of State Hillary Clinton, mocking the millions of dollars the United States has offered for leaders of t

Published 11 Jun, 2012 12:00am

Anti-Shabaab Kenyan minister killed in air crash

Kenya's internal security minister, who was closely involved in the fight against Somali militant group al Shabaab, was killed when the police helicopter he was travelling in crashed into a forest on Sunday. George Saitoti, his deputy Orwa Ojode, two pilo

Published 11 Jun, 2012 12:00am

Minister attends concluding ceremony of 'Pakistan Week'

Federal Minister for National Heritage and Integrity Ms Samina Khalid Ghurki attended the closing ceremony of "Pakistan Week" at Pak-China Friendship Centre here on Sunday. National Assembly Speaker Dr Fehmida Mirza was the chief guest on the occasion.

Published 11 Jun, 2012 12:00am

MOL launches water harvesting structure project in Karak

In line with its corporate social responsibility (CSR) initiatives and its quest for building strong relations with all stakeholders in its operational area, MOL Pakistan recently launched a Water Harvesting Structure Project at Noshpa area (District Kara

Published 11 Jun, 2012 12:00am

RTO Rawalpindi bringing major retailers into tax net

At a time when the Federal Board of Revenue (FBR) admitted that retailers could not be brought into tax net without provinces' help, the Regional Tax Office (RTO), Rawalpindi, made a huge effort and compulsorily registered leading retailers with the sales

Published 11 Jun, 2012 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
Nasdaq / Nov 26	19,175.58
Dow Jones / Nov 26	44,860.31
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97
Hang Seng / Nov 27	19,595.16
FTSE 100 / Nov 27	8,261.85
Germany DAX 30 / Nov 27	19,236.54

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Diesel/Litre / Nov 27	255.14

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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