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Print - 2012-07-30
The Weather

The Weather

The weather report on Sunday (July 29, 2012) and the forecast for Monday (July 30, 2012).

Published 30 Jul, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 24 to 27 July, 2012).

Published 30 Jul, 2012 12:00am
Farmers advised to store rainwater

Farmers advised to store rainwater

The Punjab Agriculture Department has advised farmers of rain-fed areas to store rainwater to meet needs of their crops. A spokesman for the department said on Sunday that it was necessary to save rainwater for cultivation and good produce and asked farme
Published 30 Jul, 2012 12:00am
Shahbaz blames Zardari for 'excesses' against Punjab

Shahbaz blames Zardari for 'excesses' against Punjab

Chief Minister Shahbaz Sharif on Sunday blamed President Asif Ali Zardari for "all excesses against Punjab" and urged people protesting against power outages not to damage public or private property. He said this while inspecting the metro bus service pro
Published 30 Jul, 2012 12:00am
There's wheat-buying frenzy locally Sugar

There's wheat-buying frenzy locally Sugar

There has been no marked movement in sugar's ex-mill and wholesale prices at the start of the Ramazan season. In Jodia Bazaar, Karachi, the wholesale price was Rs.51 per kilogram, whereas in Akbari Mandi, Lahore, the wholesale price ranged between Rs.51 a
Published 30 Jul, 2012 12:00am
Caretaker setup

Caretaker setup

As the term of office of the current PPP-led government is coming to an end, make-up of a mandatory caretaker setup, prior to holding of the next elections, is raking the minds of political analysts, as evident from this being a hot subject of current med
Published 30 Jul, 2012 12:00am
Hunt for warlord seen as pretext in Tajik fighting

Hunt for warlord seen as pretext in Tajik fighting

A military advance by government forces into Tajikistan's lawless east is being presented in Dushanbe as a bid to arrest a former warlord, but critics say the ultimate aim is to secure power for President Emomali Rakhmon. Government forces in the Central
Published 30 Jul, 2012 12:00am
Market relief no cure for Spain's economy

Market relief no cure for Spain's economy

Vows of support for the eurozone calmed financial worries about Spain this week but could not polish its economy, whose recession is set to deepen as unemployment nears 25 percent. European Central Bank chief Mario Draghi delighted investors Thursday when
Published 30 Jul, 2012 12:00am
Election or Emergency?

Election or Emergency?

The week just past was marked by a significant de-escalation in the judiciary-executive conflict, the open voicing of Islamabad media's disenchantment with the statistics revealed by the Federal Finance Minister and, last but not least, the approval of th
Published 30 Jul, 2012 12:00am
Monitor wheat exports closely

Monitor wheat exports closely

It has been reported in Business Recorder that wheat exporters are on a buying spree as domestic price of wheat is considerably lower than the international price resulting in a significant profit margin. Global wheat price has risen by 21 percent
Published 30 Jul, 2012 12:00am
Lesson from Passco's losses

Lesson from Passco's losses

The doctrine in contemporary economics that government should not be in the business of doing business fits perfectly well in the instant case. According to a report compiled by the Auditor General as revealed by the "Business Recorder" on 27th July, 2012
Published 30 Jul, 2012 12:00am
Chances of light rain likely in Karachi

Chances of light rain likely in Karachi

The Met office on Sunday forecast partly cloudy weather with chances of light rain for Karachi during the next 24 hours. The weather forecast said the maximum temperature is expected to remain in the range between 31C to 33C.
Published 30 Jul, 2012 12:00am
CSD now open to civilians

CSD now open to civilians

Now civilians can have the prerogative to shop at all CSDs (Canteen Stores Department) throughout Pakistan for best quality household products at reasonable prices compared to open market. The CSD Managing Director, Major General Anwar Saeed Khan stated t
Published 30 Jul, 2012 12:00am
Oxford convocation: Bilawal awarded B A (Hons) degree

Oxford convocation: Bilawal awarded B A (Hons) degree

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari was awarded the B A (Hons) degree at a convocation of the Oxford University on Saturday (July 28). He was accompanied to the convocation by his aunty Sanam Bhutto and sister Bakhtawar Bhutto Za
Published 30 Jul, 2012 12:00am
PML-N leaders rap Pervaiz Elahi

PML-N leaders rap Pervaiz Elahi

Pakistan Muslim League-Nawaz (PML-N) leaders lashed out at Deputy Prime Minister and PML-Q leader Pervaiz Elahi for criticizing their leadership including Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif here on Sunday.
Published 30 Jul, 2012 12:00am
Punjab slashes local government budget to just Rs 900 million

Punjab slashes local government budget to just Rs 900 million

The Punjab government has drastically cut local government and community development budget from nearly Rs7 billion last year to 910 million this year. Sources in the Planning and Development department told Business Recorder that the government ha
Published 30 Jul, 2012 12:00am
Punjab slashes local government budget to just Rs 900 million

Punjab slashes local government budget to just Rs 900 million

The Punjab government has drastically cut local government and community development budget from nearly Rs7 billion last year to 910 million this year. Sources in the Planning and Development department told Business Recorder that the government ha
Published 30 Jul, 2012 12:00am
Interconnection charges: many legal questions yet to be answered

Interconnection charges: many legal questions yet to be answered

The recent controversy of chargeability of interconnection charges with federal excise duty (FED) in sales tax mode has raised many legal questions which need to be answered under relevant provisions of law. According to a tax expert's opinion, there is n
Published 30 Jul, 2012 12:00am
No headway in YDA-Punjab government meetings

No headway in YDA-Punjab government meetings

Three meetings of Young Doctors Association (YDA) office-bearers and Punjab government representatives remained inconclusive over the service structure of the doctors.
Published 30 Jul, 2012 12:00am
PPP pursuing reconciliation policy: Khosa

PPP pursuing reconciliation policy: Khosa

Punjab Governor Sardar Latif Khan Khosa has said that the PPP is a symbol of unity of the federation that is why it is pursuing reconciliation policy in the country. The Governor was addressing an Iftar party hosted by Federal Minister for National Herita
Published 30 Jul, 2012 12:00am
Body of another martyred soldier recovered

Body of another martyred soldier recovered

The body of another Shaheed soldier was recovered from Gayari on Sunday bringing the total number of bodies recovered so far to 71. According to Inter Services Public Relations (ISPR) here, the identity of the deceased personal was under process.
Published 30 Jul, 2012 12:00am
Government officers asked to resolve people's problems

Government officers asked to resolve people's problems

Punjab Chief Minister Shahbaz Sharif has said that if the system functions properly, the problems of the people will resolve at the local level and they will not run from pillar to post for the redressal of their grievances.
Published 30 Jul, 2012 12:00am
Two women among 10 gunned down in Karachi

Two women among 10 gunned down in Karachi

At least 10 persons including two women were killed in different violent incidents in the city here on Sunday, police and rescue sources said. In the first incident, a man was killed by unknown assailants in Khairabad area in the limits of Manghopir polic
Published 30 Jul, 2012 12:00am
Punjab government wary of utility stores' popularity: Elahi

Punjab government wary of utility stores' popularity: Elahi

Deputy Prime Minister Chaudhry Pervaiz Elahi has said the Punjab government's Ramazan Bazaars have failed to provide relief, saying that it is wary of the popularity of utility stores for providing relief to the masses.
Published 30 Jul, 2012 12:00am
Local government polls likely after Eid: Farooq Sattar

Local government polls likely after Eid: Farooq Sattar

MQM Deputy Convener Dr Farooq Sattar has said that seventy percent draft bill on local government system has been finalised with consensus, adding that local government polls might be held after Eid. He was talking to media after an Iftar-dinner hosted by
Published 30 Jul, 2012 12:00am
US Air Force looks to train pilots for hi-tech threats

US Air Force looks to train pilots for hi-tech threats

For more than a decade, US fighter pilots have become accustomed to "owning the sky" in wars against insurgents who have no warplanes or air defences. But in the desert outside Las Vegas, the US Air Force is trying to get back to basics, reminding pilots
Published 30 Jul, 2012 12:00am
Indian anti-graft activist Hazare starts new fast

Indian anti-graft activist Hazare starts new fast

Indian activist Anna Hazare, who galvanised the country last year with his hunger strikes against corruption, began a new fast Sunday to press demands for a crackdown on official graft.
Published 30 Jul, 2012 12:00am
Sri Lanka nets over 530 Australia-bound people

Sri Lanka nets over 530 Australia-bound people

Sri Lanka's navy Sunday rescued people from a stricken boat trying to flee to Australia and stopped a second vessel, raising the number of would-be illegal immigrants caught this month to more than 530. It was the highest number detained in a one-month pe
Published 30 Jul, 2012 12:00am
Gunmen occupy Yemen ministry; Italian envoy seized

Gunmen occupy Yemen ministry; Italian envoy seized

Gunmen kidnapped an Italian diplomat in Yemen on Sunday and some 100 armed tribesmen loyal to former President Ali Abdullah Saleh stormed the Interior Ministry, demanding to be enlisted in the police force, officials said.
Published 30 Jul, 2012 12:00am
Kurds in secret weapons deal

Kurds in secret weapons deal

A high-ranking Iraqi official on Sunday said security agencies have uncovered a secret weapons deal between the autonomous Kurdistan region and an unnamed foreign country. "Iraqi security agencies (discovered) a secret weapons deal between the president o
Published 30 Jul, 2012 12:00am
Assange's mother arrives in Ecuador for talks

Assange's mother arrives in Ecuador for talks

The mother of Wikileaks founder Julian Assange arrived in Ecuador Saturday for talks with top government officials after her son had found refuge in the Ecuadoran embassy in London, a government website reported.
Published 30 Jul, 2012 12:00am
Afghan forces deaths outstrip Nato's 5-1

Afghan forces deaths outstrip Nato's 5-1

Afghan security forces are dying at five times the rate of Nato soldiers as Taliban insurgents step up attacks ahead of the withdrawal of foreign troops in 2014, the latest figures show. While deaths among Nato's troops are regularly chronicled in the 50
Published 30 Jul, 2012 12:00am
Iran, Syria on agenda in US defence chief's Middle East tour

Iran, Syria on agenda in US defence chief's Middle East tour

US defence chief Leon Panetta sets off on an international tour Monday that, after Tunis and Cairo, takes him to Israel and Jordan, in a region that feels threatened by Iran's nuclear program and potential spillover from troubled Syria.
Published 30 Jul, 2012 12:00am
Three shot dead in restive Thai south

Three shot dead in restive Thai south

Gunmen shot dead three men in Thailand's restive south, police said Sunday, hours after suspected insurgents killed four soldiers in a gun attack in the same province. The violence reflects an annual spike in unrest during the Islamic holy month of Ramada
Published 30 Jul, 2012 12:00am
UN envoy in Myanmar amid Muslims crackdown concern

UN envoy in Myanmar amid Muslims crackdown concern

The United Nations expert on human rights in Myanmar arrived in the country late Sunday, days after the UN voiced fears that efforts to end unrest in Rakhine state had turned into a crackdown on Muslims.
Published 30 Jul, 2012 12:00am
Philippines captures top al Qaeda linked militant

Philippines captures top al Qaeda linked militant

Philippine authorities have arrested a founding member of the al Qaeda-linked Abu Sayyaf group blamed for some of the worst terror attacks in the region, security officials said on Sunday. Ustadz Ahmadsali Asmad Badron, also known as Ammad or Hamad Ustadz
Published 30 Jul, 2012 12:00am
North Korea vows tough action against US

North Korea vows tough action against US

North Korea on Sunday vowed tough action against the United States, accusing it of plotting to blow up statues of its founding leader in a bid to stir turmoil in the isolated communist state. The warning comes just days after the North said it would "comp
Published 30 Jul, 2012 12:00am
Researchers unveil promising TB drug cocktail

Researchers unveil promising TB drug cocktail

Researchers reported progress on July 23 with an experimental drug cocktail that killed a record 99 percent of TB bacteria in two weeks and costs a fraction of existing treatments. It may also, crucially, be compatible with AIDS medicine.
Published 30 Jul, 2012 12:00am
Lab-engineered jellyfish may mend a broken heart

Lab-engineered jellyfish may mend a broken heart

Using cells from rat hearts and a seer polymer film, scientists on July 23 reported they had created an artificial jellyfish that could one day help save patients with heart disease. The exploit marks an advance in so-called biomimicry, in which a natural
Published 30 Jul, 2012 12:00am
Satellites pick up unprecedented Greenland ice melt

Satellites pick up unprecedented Greenland ice melt

Greenland's surface ice cover melted this month over a larger area than ever detected in more than 30 years of satellite observations, NASA said on July 24. According to measurements from three separate satellites analysed by NASA and university scientist
Published 30 Jul, 2012 12:00am
Australia warned mining boom could end in two years

Australia warned mining boom could end in two years

Australia's mining boom will slow more sharply than expected and could be over within two years due to easing demand from China and falling prices, a leading economic forecaster warned on July 23.
Published 30 Jul, 2012 12:00am
AIDS cure may have two main pathways, say experts

AIDS cure may have two main pathways, say experts

Investigators are looking into two main paths toward a cure for AIDS, based on the stunning stories of a small group of people around the world who have been able to overcome the disease.
Published 30 Jul, 2012 12:00am
Western fast food tied to heart risks in Asia: study

Western fast food tied to heart risks in Asia: study

Even relatively clean-living Singaporeans who regularly eat burgers, fries and other staples of US-style fast food are at a raised risk of diabetes and more likely than their peers to die of heart disease, according to an international study. But Asian fa
Published 30 Jul, 2012 12:00am
Hacking experts find new ways to attack Android phones

Hacking experts find new ways to attack Android phones

Hacking experts on July 25 demonstrated ways to attack Android smartphones using methods they said work on virtually all such devices in use today, despite recent efforts by search engine giant Google to boost protection.
Published 30 Jul, 2012 12:00am
Mobile phones help bolster Uganda's fight against HIV

Mobile phones help bolster Uganda's fight against HIV

Stella Nayiga clutches her mobile phone as she describes the messages that she received punctually every morning and evening for over a year, reminding her to take her antiretroviral (ARV) drugs regularly. "The text messages would come twice a day and wer
Published 30 Jul, 2012 12:00am
Samsung extends smartphone lead over Apple

Samsung extends smartphone lead over Apple

Samsung extended its lead in the world-wide mobile phone market in the second quarter of 2012, as the South Korean giant doubled US rival Apple in the smartphone market, a new survey showed. The IDC report released late July 26 showed Samsung atop the fas
Published 30 Jul, 2012 12:00am
News Corp to unveil tablet device for education

News Corp to unveil tablet device for education

News Corp. said on July 23 it would launch a new tablet computer with AT&T aimed at the education market to bring "digital innovation" to the classroom. The media conglomerate headed by Rupert Murdoch said the effort would come from its education division
Published 30 Jul, 2012 12:00am
Tablets to push US electronic sales above $200 billion

Tablets to push US electronic sales above $200 billion

US consumer electronic sales are expected to top $200 billion for the first time this year, propelled by strong growth in tablet computers, an industry group said Tuesday. The semiannual forecast released by the Consumer Electronics Association showed an
Published 30 Jul, 2012 12:00am
All eyes on new writing device for the disabled

All eyes on new writing device for the disabled

A French researcher has built a device allowing disabled people to write or draw on a computer screen using only their eyes, a report said on July 26. With head-mounted cameras monitoring their eye movements, test subjects were able to write and draw on a
Published 30 Jul, 2012 12:00am
Bezeq launches public WiFi access free to customers

Bezeq launches public WiFi access free to customers

Bezeq Israel Telecom on July 24 has launched Israel's first free public WiFi service as the country's largest telecoms group seeks to maintain its leadership amid increasing competition.
Published 30 Jul, 2012 12:00am
Google unveils ultrafast wired home project

Google unveils ultrafast wired home project

Google on July 26 unveiled an ultrafast Web service along with an Internet television subscription in the Kansas City area as part of a pilot project to boost broadband speeds. The Google Fiber superfast broadband network will be available starting in Sep
Published 30 Jul, 2012 12:00am
Newsweek likely to become digital magazine

Newsweek likely to become digital magazine

The company operating the US magazine Newsweek indicated July 25 the venerable publication is likely to go digital to stem its losses and could undergo other changes by next year. Barry Diller, chairman and chief executive at the conglomerate IAC, said hi
Published 30 Jul, 2012 12:00am
IT group Dassault Systemes raises 2012 sales target

IT group Dassault Systemes raises 2012 sales target

French software design group Dassault Systemes raised on July 26 its 2012 sales target after posting a 22 percent jump in first-half profit to 156.4 million euros ($190 million). "We are very pleased with these results and we see a much larger potential o
Published 30 Jul, 2012 12:00am
Google, Facebook, eBay launch US Internet lobby

Google, Facebook, eBay launch US Internet lobby

Big technology firms including Google, Facebook, eBay and Amazon have joined to create a new lobby group aimed at promoting "an open, innovative and free Internet." The Internet Association announced on July 25 its formation in a statement on its website,
Published 30 Jul, 2012 12:00am
Google grabs startup devoted to Apple gadget email

Google grabs startup devoted to Apple gadget email

A French startup behind email applications for Apple gadgets has been bought by Google as the Internet titan increasingly tailors hit software to run on its rival's hardware. Sparrow co-founder and chief executive Dominique Leca announced on Friday that t
Published 30 Jul, 2012 12:00am
Total profit plunges in second quarter

Total profit plunges in second quarter

The French oil major Total said on July 27 that its 2012 second quarter net profit plummeted by 42 percent to 1.6 billion euros ($1.96 billion). In the April-June period, profit when adjusted for earnings on holdings in other companies and stock effects,
Published 30 Jul, 2012 12:00am
Total profit plunges in second quarter

Total profit plunges in second quarter

The French oil major Total said on July 27 that its 2012 second quarter net profit plummeted by 42 percent to 1.6 billion euros ($1.96 billion). In the April-June period, profit when adjusted for earnings on holdings in other companies and stock effects,
Published 30 Jul, 2012 12:00am
Philips posts second quarter net profits of 167 million euros

Philips posts second quarter net profits of 167 million euros

Dutch electronics giant Philips on July 23 posted higher than forecast second quarter net profits of 167 million euros ($202 million), thanks to a 13 percent jump in sales. The results were a huge improvement over the company's dismal 1.35 billion euro ne
Published 30 Jul, 2012 12:00am
Philips posts second quarter net profits of 167 million euros

Philips posts second quarter net profits of 167 million euros

Dutch electronics giant Philips on July 23 posted higher than forecast second quarter net profits of 167 million euros ($202 million), thanks to a 13 percent jump in sales. The results were a huge improvement over the company's dismal 1.35 billion euro ne
Published 30 Jul, 2012 12:00am
Kuwait's Wataniya telecom profit dives in second quarter

Kuwait's Wataniya telecom profit dives in second quarter

National Mobile Telecommunications Co of Kuwait (Wataniya) reported on July 24 a sharp drop in second quarter and half-year net profit due to increasing competition. Wataniya said it posted 19.1 million dinars ($68 million) in the second quarter, down 48.
Published 30 Jul, 2012 12:00am
Whirlpool results miss estimates on Europe woes

Whirlpool results miss estimates on Europe woes

Whirlpool Corp, the world's largest appliance maker, missed Wall Street's expectations for quarterly earnings and sales, hurt by weak demand in Europe and a stronger dollar.
Published 30 Jul, 2012 12:00am
Cisco to cut 1,300 jobs in realignment

Cisco to cut 1,300 jobs in realignment

US computer network giant Cisco Systems said on July 23 it was cutting 1,300 jobs, or two percent of its global workforce, in response to an uncertain economic outlook. The California tech firm, seen as a bellwether for the industry, said it was carrying
Published 30 Jul, 2012 12:00am
Cisco to cut 1,300 jobs in realignment

Cisco to cut 1,300 jobs in realignment

US computer network giant Cisco Systems said on July 23 it was cutting 1,300 jobs, or two percent of its global workforce, in response to an uncertain economic outlook. The California tech firm, seen as a bellwether for the industry, said it was carrying
Published 30 Jul, 2012 12:00am
Olympics: P&G says sponsorship proving its worth

Olympics: P&G says sponsorship proving its worth

US consumer goods giant Procter & Gamble, which issued a profit warning last month, still expects its 2012 Olympic sponsorship to generate $500 million in additional sales, said Marc Pritchard, the company's global brand building officer.
Published 30 Jul, 2012 12:00am
India's Wipro first quarter net profit up 18 percent

India's Wipro first quarter net profit up 18 percent

India's third-largest software firm Wipro on July 24 said net profit climbed 18 percent in the fiscal first quarter but said the global outlook remained uncertain after it gave a muted revenue outlook.
Published 30 Jul, 2012 12:00am
Etisalat may raise stake in Saudi Mobily

Etisalat may raise stake in Saudi Mobily

Etisalat, the United Arab Emirates No.1 telco, may raise its holding in Saudi Arabia affiliate Mobily, the firm's chief executive said on July 25, in what could give a major boost to its bottom line if it took a majority stake.
Published 30 Jul, 2012 12:00am
India's Vardhan handed late place in singles

India's Vardhan handed late place in singles

India's Vishnu Vardhan will play in the Olympic men's singles tournament at Wimbledon on Sunday as a last-minute replacement for Germany's Philipp Kohlschreiber. Vardhan was selected as the highest ranked male alternate on site at the All England Club fol
Published 30 Jul, 2012 12:00am
Taylor gets England callup

Taylor gets England callup

Uncapped batsman James Taylor was on Sunday named in the England squad for the second Test against South Africa, starting at Headingley, Leeds, on Thursday.
Published 30 Jul, 2012 12:00am
Arsenal's Wenger rues 'fragile defence'

Arsenal's Wenger rues 'fragile defence'

Arsenal manager Arsene Wenger said Sunday his side have "a lot of work to do" defensively before they are ready for the upcoming English Premier League campaign, following a 2-2 draw in Hong Kong.
Published 30 Jul, 2012 12:00am
All Blacks coach suspected World Cup match fixing

All Blacks coach suspected World Cup match fixing

Former All Blacks coach Graham Henry has revealed he suspected possible match-fixing in the All Blacks shock 2007 World Cup loss to France but his plea for an investigation was rejected. Henry's suspicions are revealed in advance excerpts from his soon-to
Published 30 Jul, 2012 12:00am
AC Milan blank Chelsea 1-0

AC Milan blank Chelsea 1-0

Urby Emanuelson scored in the 68th minute as AC Milan edged Champions League winner Chelsea 1-0 in an exhibition contest Saturday at Sun Life Stadium. Emanuelson converted on an running attack with team-mate Stephen El-Shaarawy in front of a crowd of 57,7
Published 30 Jul, 2012 12:00am
Formula 1: Flawless Hamilton wins

Formula 1: Flawless Hamilton wins

Lewis Hamilton delivered a flawless drive from pole position to the chequered flag to win Sunday's Hungarian Grand Prix for McLaren and revive his challenge for this year's Formula One drivers' world championship. The 27-year-old Briton took control of th
Published 30 Jul, 2012 12:00am
IOC dismises rumours of Saudi withdrawal

IOC dismises rumours of Saudi withdrawal

The International Olympic Committee (IOC) has dismissed rumours Saudi Arabia will withdraw from the London Games over a hijab headscarf row. The Saudis have brought women athletes to the Olympics for the first time ever and one of their two female competi
Published 30 Jul, 2012 12:00am
India fumes at ceremony intruder

India fumes at ceremony intruder

India have protested to London Olympic organisers after a mysterious woman gatecrashed their squad at the opening ceremony, media reports said on Sunday.
Published 30 Jul, 2012 12:00am
Family affair as Zara Phillips makes Games bow

Family affair as Zara Phillips makes Games bow

Zara Phillips, the granddaughter of Queen Elizabeth II, made her long-awaited Olympics equestrian debut Sunday, with grandfather Prince Philip and mother, the Princess Royal, lending support. Phillips was denied the chance to compete at Athens 2004 and Be
Published 30 Jul, 2012 12:00am
Police probe

Police probe

British police have launched an investigation into the black-market sale of Olympic tickets by three official ticket agents covering the Games, a Sunday newspaper reported.
Published 30 Jul, 2012 12:00am