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Print - 2012-09-22
WTO cuts 2012 global trade growth outlook

WTO cuts 2012 global trade growth outlook

The World Trade Organisation (WTO) on Friday slashed its 2012 global trade outlook, citing the eurozone debt crisis and weak growth in the US and China as key factors. Global trade is now expected to grow 2.5 percent in 2012 compared with a previous forec
Published 22 Sep, 2012 12:00am
WTO cuts 2012 global trade growth outlook

WTO cuts 2012 global trade growth outlook

The World Trade Organisation (WTO) on Friday slashed its 2012 global trade outlook, citing the eurozone debt crisis and weak growth in the US and China as key factors. Global trade is now expected to grow 2.5 percent in 2012 compared with a previous forec
Published 22 Sep, 2012 12:00am
WTO cuts 2012 global trade growth outlook

WTO cuts 2012 global trade growth outlook

The World Trade Organisation (WTO) on Friday slashed its 2012 global trade outlook, citing the eurozone debt crisis and weak growth in the US and China as key factors. Global trade is now expected to grow 2.5 percent in 2012 compared with a previous forec
Published 22 Sep, 2012 12:00am
Bankers hope for better luck next year

Bankers hope for better luck next year

Bankers are already looking to 2013 for a glimmer of hope as deal making remained stalled in the third quarter due to the widespread economic uncertainty that has kept companies from pursuing large transformative deals.
Published 22 Sep, 2012 12:00am
Bankers hope for better luck next year

Bankers hope for better luck next year

Bankers are already looking to 2013 for a glimmer of hope as deal making remained stalled in the third quarter due to the widespread economic uncertainty that has kept companies from pursuing large transformative deals.
Published 22 Sep, 2012 12:00am
Bankers hope for better luck next year

Bankers hope for better luck next year

Bankers are already looking to 2013 for a glimmer of hope as deal making remained stalled in the third quarter due to the widespread economic uncertainty that has kept companies from pursuing large transformative deals.
Published 22 Sep, 2012 12:00am
Ordinance likely to empower FBR to launch tax amnesty scheme

Ordinance likely to empower FBR to launch tax amnesty scheme

The federal government is expected to promulgate a Presidential Ordinance to empower the Federal Board of Revenue to launch the "Tax Registration and Investment Scheme-2012" from October 2012 - under which undisclosed assets would be legalised on payment
Published 22 Sep, 2012 12:00am
Ordinance likely to empower FBR to launch tax amnesty scheme

Ordinance likely to empower FBR to launch tax amnesty scheme

The federal government is expected to promulgate a Presidential Ordinance to empower the Federal Board of Revenue to launch the "Tax Registration and Investment Scheme-2012" from October 2012 - under which undisclosed assets would be legalised on payment
Published 22 Sep, 2012 12:00am
Ordinance likely to empower FBR to launch tax amnesty scheme

Ordinance likely to empower FBR to launch tax amnesty scheme

The federal government is expected to promulgate a Presidential Ordinance to empower the Federal Board of Revenue to launch the "Tax Registration and Investment Scheme-2012" from October 2012 - under which undisclosed assets would be legalised on payment
Published 22 Sep, 2012 12:00am
Indian Prime Minister stands by reforms after losing majority

Indian Prime Minister stands by reforms after losing majority

India's Prime Minister Manmohan Singh mounted a defiant defence Friday of reforms that prompted the loss of his government's majority, saying he had to act to bolster growth and restore confidence. In a rare televised address to the nation, the 79-year-ol
Published 22 Sep, 2012 12:00am
Indian Prime Minister stands by reforms after losing majority

Indian Prime Minister stands by reforms after losing majority

India's Prime Minister Manmohan Singh mounted a defiant defence Friday of reforms that prompted the loss of his government's majority, saying he had to act to bolster growth and restore confidence. In a rare televised address to the nation, the 79-year-ol
Published 22 Sep, 2012 12:00am
Enforcement of excise laws: powers of FBR's intelligence wing enhanced

Enforcement of excise laws: powers of FBR's intelligence wing enhanced

The Federal Board of Revenue (FBR) has enhanced the powers of the Directorate General of Intelligence and Investigation Inland Revenue to allow intelligence officials to have free access to premises, equipment, stocks and accounts relating to excisable go
Published 22 Sep, 2012 12:00am
Enforcement of excise laws: powers of FBR's intelligence wing enhanced

Enforcement of excise laws: powers of FBR's intelligence wing enhanced

The Federal Board of Revenue (FBR) has enhanced the powers of the Directorate General of Intelligence and Investigation Inland Revenue to allow intelligence officials to have free access to premises, equipment, stocks and accounts relating to excisable go
Published 22 Sep, 2012 12:00am
Enforcement of excise laws: powers of FBR''s intelligence wing enhanced

Enforcement of excise laws: powers of FBR''s intelligence wing enhanced

The Federal Board of Revenue (FBR) has enhanced the powers of the Directorate General of Intelligence and Investigation Inland Revenue to allow intelligence officials to have free access to premises, equipment, stocks and accounts relating to excisable go
Published 22 Sep, 2012 12:00am
Pakistan, India sign three agreements

Pakistan, India sign three agreements

Pakistan and India forged ahead, liberalising trade between the two countries, formally signed three agreements at the end of the seventh round of commerce secretary level talks to boost economic activity between the two countries. Secretary Commerce Paki
Published 22 Sep, 2012 12:00am
Pakistan, India sign three agreements

Pakistan, India sign three agreements

Pakistan and India forged ahead, liberalising trade between the two countries, formally signed three agreements at the end of the seventh round of commerce secretary level talks to boost economic activity between the two countries. Secretary Commerce Paki
Published 22 Sep, 2012 12:00am
Pakistan, India sign three agreements

Pakistan, India sign three agreements

Pakistan and India forged ahead, liberalising trade between the two countries, formally signed three agreements at the end of the seventh round of commerce secretary level talks to boost economic activity between the two countries. Secretary Commerce Paki
Published 22 Sep, 2012 12:00am
US judge rejects call to ban YouTube anti-Muslim film

US judge rejects call to ban YouTube anti-Muslim film

A US judge refused Thursday to order the video sharing website YouTube to take down a trailer for an anti-Islamic film that has triggered protests across the Muslim world. One of the actresses in the blasphemous movie had lodged a complaint, alleging that
Published 22 Sep, 2012 12:00am
Facebook switches off facial recognition tool

Facebook switches off facial recognition tool

Facebook said Friday it had switched off the facial-recognition tool that prompts users to "tag" photographs uploaded to its website following a privacy investigation. The feature was identified by regulators as one of the main privacy threats posed by th
Published 22 Sep, 2012 12:00am
Facebook switches off facial recognition tool

Facebook switches off facial recognition tool

Facebook said Friday it had switched off the facial-recognition tool that prompts users to "tag" photographs uploaded to its website following a privacy investigation. The feature was identified by regulators as one of the main privacy threats posed by th
Published 22 Sep, 2012 12:00am
Facebook switches off facial recognition tool

Facebook switches off facial recognition tool

Facebook said Friday it had switched off the facial-recognition tool that prompts users to "tag" photographs uploaded to its website following a privacy investigation. The feature was identified by regulators as one of the main privacy threats posed by th
Published 22 Sep, 2012 12:00am
Hollande opens new memorial centre

Hollande opens new memorial centre

France has finally come to terms with its role in the deportation of thousands of Jews to Nazi death camps, President Francois Hollande said Friday as he inaugurated a new Holocaust memorial centre. "Now our duty is to shape the spirit of the generations
Published 22 Sep, 2012 12:00am
Hollande opens new memorial centre

Hollande opens new memorial centre

France has finally come to terms with its role in the deportation of thousands of Jews to Nazi death camps, President Francois Hollande said Friday as he inaugurated a new Holocaust memorial centre. "Now our duty is to shape the spirit of the generations
Published 22 Sep, 2012 12:00am
Biden presses Iraqi Prime Minister on arms to Syria: US

Biden presses Iraqi Prime Minister on arms to Syria: US

US Vice President Joe Biden pressed Iraq Prime Minister Nuri al-Maliki in a telephone call Friday to bar the passage of weapons shipments to Syria through Iraqi airspace, the White House said. "The vice president and the prime minister addressed issues of
Published 22 Sep, 2012 12:00am
Biden presses Iraqi Prime Minister on arms to Syria: US

Biden presses Iraqi Prime Minister on arms to Syria: US

US Vice President Joe Biden pressed Iraq Prime Minister Nuri al-Maliki in a telephone call Friday to bar the passage of weapons shipments to Syria through Iraqi airspace, the White House said. "The vice president and the prime minister addressed issues of
Published 22 Sep, 2012 12:00am
Russia on the brink of stagnation: Kudrin

Russia on the brink of stagnation: Kudrin

Russia is on the brink of stagnation and only has limited time to brace for an impending global slump, former Finance Minister Alexei Kudrin told Reuters. Kudrin, a widely respected fiscal hawk who quit 12 months ago, said "unprecedented" policy action ta
Published 22 Sep, 2012 12:00am
Russia on the brink of stagnation: Kudrin

Russia on the brink of stagnation: Kudrin

Russia is on the brink of stagnation and only has limited time to brace for an impending global slump, former Finance Minister Alexei Kudrin told Reuters. Kudrin, a widely respected fiscal hawk who quit 12 months ago, said "unprecedented" policy action ta
Published 22 Sep, 2012 12:00am
Russia on the brink of stagnation: Kudrin

Russia on the brink of stagnation: Kudrin

Russia is on the brink of stagnation and only has limited time to brace for an impending global slump, former Finance Minister Alexei Kudrin told Reuters. Kudrin, a widely respected fiscal hawk who quit 12 months ago, said "unprecedented" policy action ta
Published 22 Sep, 2012 12:00am
US judges doubtful of CIA drone secrecy

US judges doubtful of CIA drone secrecy

Federal appeals court judges expressed doubt Thursday at the CIA's efforts to block the release of information about its use of unmanned drones to kill terror suspects around the world. A lower court ruled in favour of the Central Intelligence Agency last
Published 22 Sep, 2012 12:00am
US judges doubtful of CIA drone secrecy

US judges doubtful of CIA drone secrecy

Federal appeals court judges expressed doubt Thursday at the CIA's efforts to block the release of information about its use of unmanned drones to kill terror suspects around the world. A lower court ruled in favour of the Central Intelligence Agency last
Published 22 Sep, 2012 12:00am
French, Swiss teams could exhume Arafat's body

French, Swiss teams could exhume Arafat's body

French investigators and Swiss experts could jointly exhume the late Palestinian leader Yasser Arafat to judge if he was poisoned, a Palestinian source close to the probe said Friday. The source, asking not to be named, told AFP the two teams would travel
Published 22 Sep, 2012 12:00am
French, Swiss teams could exhume Arafat's body

French, Swiss teams could exhume Arafat's body

French investigators and Swiss experts could jointly exhume the late Palestinian leader Yasser Arafat to judge if he was poisoned, a Palestinian source close to the probe said Friday. The source, asking not to be named, told AFP the two teams would travel
Published 22 Sep, 2012 12:00am
Urea shipment reaches Gwadar port

Urea shipment reaches Gwadar port

Two consignments of urea, imported by Trading Corporation of Pakistan (TCP) to meet demand in Rabi season, have reached Gwadar Port. In August this year, the Economic Co-ordination Committee (ECC) of the Cabinet asked TCP to import 0.3 million tons of ure
Published 22 Sep, 2012 12:00am
Urea shipment reaches Gwadar port

Urea shipment reaches Gwadar port

Two consignments of urea, imported by Trading Corporation of Pakistan (TCP) to meet demand in Rabi season, have reached Gwadar Port. In August this year, the Economic Co-ordination Committee (ECC) of the Cabinet asked TCP to import 0.3 million tons of ure
Published 22 Sep, 2012 12:00am
Urea shipment reaches Gwadar port

Urea shipment reaches Gwadar port

Two consignments of urea, imported by Trading Corporation of Pakistan (TCP) to meet demand in Rabi season, have reached Gwadar Port. In August this year, the Economic Co-ordination Committee (ECC) of the Cabinet asked TCP to import 0.3 million tons of ure
Published 22 Sep, 2012 12:00am
Afghanistan warns Pakistan over alleged cross-border shelling

Afghanistan warns Pakistan over alleged cross-border shelling

Afghanistan has called on Pakistan to halt alleged cross-border shelling, warning the UN Security Council that the attacks could jeopardise already tense relations between the two countries. A UN envoy meanwhile said that there were a growing number of "u
Published 22 Sep, 2012 12:00am
Afghanistan warns Pakistan over alleged cross-border shelling

Afghanistan warns Pakistan over alleged cross-border shelling

Afghanistan has called on Pakistan to halt alleged cross-border shelling, warning the UN Security Council that the attacks could jeopardise already tense relations between the two countries. A UN envoy meanwhile said that there were a growing number of "u
Published 22 Sep, 2012 12:00am
Three former generals jailed for 20 years in Turkey coup trial

Three former generals jailed for 20 years in Turkey coup trial

A Turkish court on Friday handed down 20-year prison terms to three former generals accused of plotting to overthrow the government in 2003. The three chief suspects in the trial, including alleged mastermind Cetin Dogan, former commander of the First Arm
Published 22 Sep, 2012 12:00am
Three former generals jailed for 20 years in Turkey coup trial

Three former generals jailed for 20 years in Turkey coup trial

A Turkish court on Friday handed down 20-year prison terms to three former generals accused of plotting to overthrow the government in 2003. The three chief suspects in the trial, including alleged mastermind Cetin Dogan, former commander of the First Arm
Published 22 Sep, 2012 12:00am
Pakistani student wins gold medal

Pakistani student wins gold medal

A Pakistani student from Balochistan has bagged gold medal in an international contest held in Turkmenistan leaving all the countries like Germany, Canada, Russia, England, India, Bangladesh, Sri Lanka behind. M Ubaidullah son of Haji Talib Din, a rice tr
Published 22 Sep, 2012 12:00am
Murtaza Bhutto's death anniversary observed

Murtaza Bhutto's death anniversary observed

Pakistan Peoples Party (PPP) and Pakistan Peoples Party (Shaheed Bhutto) separately observed the 16th death anniversary of Mir Murtaza Bhutto, the elder son of founder Chairman of PPP Shaheed Zulfikar Ali Bhutto on Thursday. Leaders and workers of both th
Published 22 Sep, 2012 12:00am
Two killed in road accident

Two killed in road accident

Two motorcyclists were killed in road accident on National Highway near Dhabeji on Friday evening. According to police report, two persons identified as Safdar and Aslam were killed on the spot when their motorbike was hit by a speeding car. The police ha
Published 22 Sep, 2012 12:00am
Sindh government fails to upgrade PITHM

Sindh government fails to upgrade PITHM

Despite passage of more than a year, Sindh government failed to upgrade Pakistan Institute of Tourism and Hotel Management (PITHM), devolved institute from Federal Government, it is learnt on Friday. PITHM was running under the Federal Tourism Ministry wh
Published 22 Sep, 2012 12:00am
Ulema condemn anti-Islam film

Ulema condemn anti-Islam film

The Ulema from various schools of thought vehemently condemned the sacrilegious film at a meeting held at the Governor House here on Friday evening. The Governor Sindh, Dr Ishrat ul Ebad Khan, presided over the meeting. He later told media persons that th
Published 22 Sep, 2012 12:00am
Yaum-e-Ishq-e-Rasool (PBUH) observed in Sialkot

Yaum-e-Ishq-e-Rasool (PBUH) observed in Sialkot

Complete shutter-down strike was observed on Friday in Sialkot, Daska, Pasrur and Sambrial tehsils of Sialkot district. On this occasion, public transport, business houses, shopping plazas, educational institutions, banks, fast food restaurants, courts an
Published 22 Sep, 2012 12:00am
Subordinate courts in Punjab remain closed

Subordinate courts in Punjab remain closed

The Lahore High Court at principal seat, its benches at Rawalpindi, Multan and Bahawalpur and subordinate courts in the province remained closed due to Yaum-e-Ishq-e-Rasool (PBUH). Chief Justice LHC Umar Atta Bandial had issued a notification in this rega
Published 22 Sep, 2012 12:00am
Attack on Hyderabad Press Club condemned

Attack on Hyderabad Press Club condemned

Sindh Minister for Information Sharjeel Inam Memon on Friday condemned the attack on the Hyderabad Press Club. Unknown attackers reported to have manhandled and threatened a number of journalists in the club. Terming the incident a conspiracy against the
Published 22 Sep, 2012 12:00am
China urges India, Pakistan to resolve Kashmir dispute

China urges India, Pakistan to resolve Kashmir dispute

China has said that India and Pakistan should resolve the Kashmir dispute through talks. According to Kashmir Media Service, Chinese Foreign Ministry spokesman, Hong Lei, at a media briefing in Beijing said that China's stand on Kashmir remained clear and
Published 22 Sep, 2012 12:00am
Thousands rally across Rawalpindi, Islamabad

Thousands rally across Rawalpindi, Islamabad

Complete shutter down and wheel jam strike was observed on Friday in twin cities of Rawalpindi and Islamabad in protest against anti-Islam movie. According to details, business life in the twin cities was virtually suspended owing to shutter down call giv
Published 22 Sep, 2012 12:00am
Prime Minister shows concern over violence across country

Prime Minister shows concern over violence across country

Prime Minister Raja Pervez Ashraf on Friday expressed his concern over the violence that has erupted across the country on the occasion of Youm-e-Ishq-e-Rasool (PBUH). The Prime Minister said that the love for the Holy Prophet (PBUH) is best expressed by
Published 22 Sep, 2012 12:00am
Residents trapped inside homes

Residents trapped inside homes

Residents of twin cities of Islamabad/ Rawalpindi were trapped in their homes after protests turned violent on Friday. A mob started damaging private and public property, including petrol pumps, cars and signboards, as security forces were unable to contr
Published 22 Sep, 2012 12:00am
A rare display of unity

A rare display of unity

Loud and clear, it was displayed on Friday that no slur could be tolerated on the personality of Prophet Mohammad (PBUH), who is held in high esteem by 1.5 billion Muslims across the globe, ready to lay down their lives on a single call. It was indeed a r
Published 22 Sep, 2012 12:00am
Live coverage of violent protests: media acted irresponsibly, says Kaira

Live coverage of violent protests: media acted irresponsibly, says Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira Friday urged media and the religious leaders to teach people that they must not resort to arsons and damage to public properties. "Our Holy Prophet was a blessing for us and even for the enemies
Published 22 Sep, 2012 12:00am
KBP seeks expulsion of US envoy

KBP seeks expulsion of US envoy

Leaders of the Kisan Board of Pakistan (KBP) speaking at different rallies taken out by farmers to observe 'Youm-e-Ishaq-e-Rasool (PBUH)' on Friday urged the government to immediately expel the US ambassador from the country. They also urged the United Na
Published 22 Sep, 2012 12:00am
'Poor in Pakistan suffer multiple deprivations'

'Poor in Pakistan suffer multiple deprivations'

Mahbub-ul-Haq Centre's 2012 report on "Governance for People's Empowerment" stresses on the need to go beyond traditional measures of poverty based on income to incorporate multiple deprivations suffered by the poor, such as lack of access to education an
Published 22 Sep, 2012 12:00am
People urged to adopt fuel-saving measures

People urged to adopt fuel-saving measures

People from all walks of life have been urged to adopt fuel saving measures for their own benefit in order to offset the adverse impact of frequent increase in POL products prices on their domestic budgets to the maximum extent possible.
Published 22 Sep, 2012 12:00am
West must learn to respect world religions: Imran

West must learn to respect world religions: Imran

The West must learn to respect world religions and masses should protest against the sacrilegious movie clip in a peaceful manner, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said on Friday. Addressing a protest demonstration against the blasphemou
Published 22 Sep, 2012 12:00am
Two cinemas set on fire, SCCI building damaged

Two cinemas set on fire, SCCI building damaged

Protests against the blasphemous movie on Friday turned violent as enraged people set two cinema houses on fire and pelted the building of Sarhad Chamber of Commerce and Industry (SCCI) with stones. The angry protestors clashed with police in different ar
Published 22 Sep, 2012 12:00am
IMF team to hold meetings in Islamabad, Dubai

IMF team to hold meetings in Islamabad, Dubai

Post-program monitoring team of the International Monetary Fund (IMF) will hold meetings with Pakistani officials for three days in Dubai and Islamabad. Well-informed sources told Business Recorder that 'This is a normal "post program monitoring" m
Published 22 Sep, 2012 12:00am
PEW rejects government's LPG import plan

PEW rejects government's LPG import plan

The Pakistan Economy Watch (PEW) on Friday rejected the government's plan to import 15,000 tons of Liquefied Petroleum Gas (LPG) a month during winter. According to press handout, the import of 75,000 tons of LPG, which will continue from November till Ma
Published 22 Sep, 2012 12:00am
Dual nationality: Nawaz for compliance with decision of Supreme Court

Dual nationality: Nawaz for compliance with decision of Supreme Court

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Nawaz Sharif directed all the PML-N members of Senate as well as National and Provincial Assemblies to make immediate compliance with the orders of Supreme Court and submit their affidavits regarding
Published 22 Sep, 2012 12:00am
PTCL extends date for telephone bills

PTCL extends date for telephone bills

The Pakistan Telecommunication Company Limited (PTCL) has announced an extension in the date for payment of the current month's telephone bills, says an announcement made on Friday. The PTCL public relations officer said that subscribers could now pay the
Published 22 Sep, 2012 12:00am
Protesters, police clash near consulate

Protesters, police clash near consulate

Thousand of people thronged the streets in the provincial capital on Friday to observe 'Youm-e-Ishaq-e-Rasool (PBUH)' and pay homage to the Holy Prophet (PBUH) and condemn the anti-Islam movie clip. Participants of various rallies, taken out by several re
Published 22 Sep, 2012 12:00am
Complete shutter-down observed in Lahore

Complete shutter-down observed in Lahore

Like in other parts of the country, a complete shutter-down strike was observed in Lahore on Friday against the blasphemous film. Business activities in all the big and small trade centers of Lahore remained suspended. All the petrol pumps and CNG station
Published 22 Sep, 2012 12:00am
PPP Punjab takes out rally

PPP Punjab takes out rally

Pakistan Peoples' Party (PPP) Punjab took out a rally from Lahore Press Club to the Mall Road on Friday to mark the Yaum-e-Ishq-e-Rasool (PBUH). The provincial as well as Lahore city leadership led the rally, which attended by a large number of party work
Published 22 Sep, 2012 12:00am
MCCI condemns anti-Islam film

MCCI condemns anti-Islam film

Multan Chamber of Commerce and Industry (MCCI) on Friday condemned the provocative, defamatory anti-Islam film, asking the government to convey its sentiments to the United Nations for necessary action against perpetrators. Acting President of MCCI Khawaj
Published 22 Sep, 2012 12:00am
Islamic world urged to adopt unanimous line of action

Islamic world urged to adopt unanimous line of action

Pakistan Muslim League-Q President Senator Chaudhry Shujaat Hussain and senior leader and Deputy Prime Minister Chaudhry Parvaiz Elahi have asked the United Nations and the West not to put Islamic world's patience to more test and pay immediate attention
Published 22 Sep, 2012 12:00am
Youths take out motorcycle rally in Multan

Youths take out motorcycle rally in Multan

A large number of youths took out a rally on motorcycles. All shopping centres, petrol pumps, CNG stations, hotels, restaurants, factories in Multan and other areas of Southern Punjab remained closed on Friday. Mobile service also remained suspended in th
Published 22 Sep, 2012 12:00am
Peaceful protest is the right of people: Shahbaz

Peaceful protest is the right of people: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif said that peaceful protest is the right of the people and the entire world has known on Friday the sentiments of the Muslims for the Holy Prophet (PBUH). He said that any sacrilegious act against the dignity o
Published 22 Sep, 2012 12:00am
Disastrous performance of Sindh disaster agency

Disastrous performance of Sindh disaster agency

Prime Minister Raja Pervez Ashraf announced a 2 billion rupee package for the flood victims of Sindh while on a day-long visit to Jacobabad and Kashmore-Kandhkot-affected districts. He is also reported to have taken an aerial view of other affected parts
Published 22 Sep, 2012 12:00am
Territorial dispute

Territorial dispute

Chinese actress-singer Li Bingbing didn't turn up at the Tokyo premiere of Hollywood blockbuster Resident Evil, and her hosts knew why. Another Chinese pop singer, Sun Nan, cancelled her concert in Tokyo, which cost her at least one million yuan. But ther
Published 22 Sep, 2012 12:00am
Politics as a vocation?

Politics as a vocation?

Age is not decisive in any aspect of life that has to do with mental power. The only way that youth can have an unfettered edge over the elders is when it comes to physical work. If one was to think out of one's skin then the important aspect is the relen
Published 22 Sep, 2012 12:00am
German, French leaders to discuss EADS, banking union

German, French leaders to discuss EADS, banking union

Angela Merkel and Francois Hollande will scrutinise plans by EADS and BAE Systems to form an aerospace and defence giant on Saturday but are unlikely to give final go-ahead to a merger fraught with economic and security concerns. Airbus-maker EADS is anxi
Published 22 Sep, 2012 12:00am
For Obama, Romney fakes, election drama is real

For Obama, Romney fakes, election drama is real

Americans who despair of ever seeing a civilised presidential campaign really should have witnessed Barack Obama help Mitt Romney iron his crumpled suit in a Manhattan hotel room last week. Well, if only they'd been the real president and his Republican c
Published 22 Sep, 2012 12:00am
HBFCL concerned at misleading reporting

HBFCL concerned at misleading reporting

House Building Finance Company Limited (HBFCL), has taken strong notice of what it says misleading and inaccurate reporting in a section of the press, regarding the appointment and continuing in office of its regularly appointed MD and CEO, Azhar Abbas Ja
Published 22 Sep, 2012 12:00am
Noor Silk Mills Limited: KSE extends shares trading suspension

Noor Silk Mills Limited: KSE extends shares trading suspension

The trading in the shares of Noor Silk Mills Limited will remain suspended for a further period of 60 days with effect from September 24, 2012. "Pursuant to the directive received from Securities and Exchange Commission of Pakistan (SECP) dated September
Published 22 Sep, 2012 12:00am
KSE to delist KSMF

KSE to delist KSMF

The Karachi Stock Exchange (KSE) has decided to delist KASB Stock Market Fund (KSMF) with effect from Monday, September 24, 2012. "Since the KASB Stock Market Fund (KSMF) has been merged into Crosby Dragon Fund (CDF) and the investors have been issued CDF
Published 22 Sep, 2012 12:00am
Thousands join rallies against anti-Islam film

Thousands join rallies against anti-Islam film

Thousands of people on Friday participated in different protest rallies held in the city against an anti-Islam movie, seeking severe punishment to the filmmaker. The charged demonstrators asked the government to end diplomatic ties with the US, Denmark an
Published 22 Sep, 2012 12:00am
City wears deserted look

City wears deserted look

A complete strike was observed in Karachi on Friday in connection with Ishq-e-Rasool (PBUH) Day. The countrywide protest launched against the blasphemous film. The entire city gave a deserted look throughout the day. Fuel and gas stations covered by tents
Published 22 Sep, 2012 12:00am
Employees dismayed by PIA chief's resignation

Employees dismayed by PIA chief's resignation

The Joint Action Committee of Pakistan International Airline Employees (JACPIAE) on behalf of all employees of national flag carrier has expressed its dismay over the resignation of Air Chief Marshal (Retd) Rao Qamar Suleman from the chairmanship of PIA.
Published 22 Sep, 2012 12:00am
Motor dealers concerned over changes in import parameters

Motor dealers concerned over changes in import parameters

Office-bearers of All Pakistan Motor Dealers Association (APMDA) have expressed concern over abrupt changes in practice for allowing depreciation of customs value for import of old and used vehicles. APMDA's Chairman HM Shahzad in a statement issued here
Published 22 Sep, 2012 12:00am
KSE to hold mock session today

KSE to hold mock session today

In order to test the new functionality in Deliverable Future Contracts Roll Over, the IT Division of Karachi Stock Exchange (KSE) will hold a mock session on Saturday (today). According to a KSE notice, the mock session will be held from 12:00 noon to 02:
Published 22 Sep, 2012 12:00am
Packages, Finland's Stora Enso group sign joint venture deal

Packages, Finland's Stora Enso group sign joint venture deal

The board of directors of Packages Limited has resolved to sign an agreement to start a 50/50 joint venture (JV) with Stora Enso OYJ Group of Finland in its 100 percent wholly-owned subsidiary Bulleh Shah Paper Mills (Pvt) Limited. According to a communic
Published 22 Sep, 2012 12:00am
Monitoring of WHT: FBR issuing notices for ARS ahead of deadline

Monitoring of WHT: FBR issuing notices for ARS ahead of deadline

The Federal Board of Revenue has started issuing notices for filing of Annual Reconciliation Statement (ARS) under rule 44(4) of the Income Tax Rules, 2002, albeit the last date for submission of income tax returns is December 31, 2012. According to tax e
Published 22 Sep, 2012 12:00am
TUSDEC steering skill development in tribal areas

TUSDEC steering skill development in tribal areas

Technology Upgradation and Skill Development Company ( TUSDEC) has collaborated with FDA (FATA Development Authority) in the core intention of supporting TVET(Technical Vocational Education and Training) Sector in the tribal areas. This was revealed in in
Published 22 Sep, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose to within a whisker of its 2012 high early on Friday as technical momentum and recent stimulus efforts by major central banks around the world prompted bullion investors to boost their bullish bets. Gold priced in euro terms hit a record high, b
Published 22 Sep, 2012 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper rose on Friday, supported by hopes that recent stimulus measures from around the world will boost liquidity and metals demand in a struggling global economy, especially in top raw materials consumer China. "We've skimmed a little froth out of the m
Published 22 Sep, 2012 12:00am
US MIDDAY: wheat surges

US MIDDAY: wheat surges

Wheat prices climbed on Friday as Russia's economy minister raised the possibility of grain export curbs by the world's third-largest wheat shipper. December wheat futures on the Chicago Board of Trade rose 17 cents, or 1.9 percent to $8.96-1/2 a bushel b
Published 22 Sep, 2012 12:00am
Gold soars in Europe

Gold soars in Europe

Gold prices rose 1 percent on Friday to 6-1/2 month highs as expectations that central bank measures to stimulate growth would boost liquidity, fuel inflation and keep a lid on interest rates put the metal on track for a fifth straight week of gains.
Published 22 Sep, 2012 12:00am
Gold crawls up in Asia

Gold crawls up in Asia

Gold firmed slightly on Friday, reversing two straight sessions of losses, as investors pinned hopes on recent central bank moves to further lift sentiment in precious metals. Spot gold inched up 0.2 percent to $1,770.76 an ounce by 0622 GMT, little chang
Published 22 Sep, 2012 12:00am
Gold nearly flat in New York

Gold nearly flat in New York

Gold ended nearly flat on Thursday as the market paused after its recent sharp rally, while a key technical-chart formation suggests momentum is turning increasing bullish. On Thursday, the metal traded in a relatively narrow $20 range, largely tracking a
Published 22 Sep, 2012 12:00am
ICE sugar climbs

ICE sugar climbs

ICE raw sugar futures climbed on Friday, boosted by wet weather disrupting the tail end of the harvest in top grower Brazil, while coffee futures also jumped, sharply raising arabica's premium over robusta. Cocoa markets traded mixed. Sugar futures gained
Published 22 Sep, 2012 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil futures dropped on Friday to their lowest in more than 11 months, posting their worst week since March last year as rising inventories and overnight losses in US soybeans weighed on prices. "The overseas market was down yesterday and th
Published 22 Sep, 2012 12:00am
Soya and corn decline

Soya and corn decline

US soyabeans and corn fell on Thursday as the brisk pace of the domestic harvest and global economic worries dampened investor sentiment after drought lifted prices to record highs this summer. The lower prices triggered further selling based on technical
Published 22 Sep, 2012 12:00am
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