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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-10-11
Nikkei falls to two-month low

Nikkei falls to two-month low

Japan's Nikkei average shed 2 percent to hit a two-month closing low on concerns that coming corporate earnings will be hurt by sluggish global growth, as the IMF cut its forecasts for the second time since April. SmartEstimates from Thomson Reuters StarM
Published 11 Oct, 2012 12:00am
Wall Street falls

Wall Street falls

US stocks fell on Tuesday, led by losses in technology after brokerage downgrades of Intel and other major companies as worries increased about third-quarter US earnings. Shares of Intel, the world's largest semiconductor maker, lost 2.7 percent to $21.90
Published 11 Oct, 2012 12:00am
Australian shares retreat

Australian shares retreat

Australian shares pulled back from 14-month highs on Wednesday as lower growth forecasts for China and other regional economies by the International Monetary Fund wiped off gains made by miners on higher iron ore prices. The benchmark S&P/ASX 200 index lo
Published 11 Oct, 2012 12:00am
Bond prices gain

Bond prices gain

US Treasuries prices rose on Tuesday as bleak views of global growth and the upcoming earnings season prompted investors to dump riskier assets and pour money into safe havens. The International Monetary Fund warned that the United States faces meagre gro
Published 11 Oct, 2012 12:00am
Bond prices gain

Bond prices gain

US Treasuries prices rose on Tuesday as bleak views of global growth and the upcoming earnings season prompted investors to dump riskier assets and pour money into safe havens. The International Monetary Fund warned that the United States faces meagre gro
Published 11 Oct, 2012 12:00am
European shares hit by weak earnings outlook

European shares hit by weak earnings outlook

European shares fell for a third straight session on Wednesday, dragged lower by expectations of weak corporate earnings in the region after a subdued start to the US reporting season. Merger and acquisition news provided one of the main drivers of the da
Published 11 Oct, 2012 12:00am
China shares outperform Asian peers; Hong Kong lower

China shares outperform Asian peers; Hong Kong lower

China shares outperformed Asian peers and inched higher on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps. The Hang Seng index, however, ended down 0.1 percent, dragged lower
Published 11 Oct, 2012 12:00am
Southeast Asian markets: Singapore leads regional losses

Southeast Asian markets: Singapore leads regional losses

Singapore shares fell to a near one-month low while most other Southeast Asian stocks also ended lower on Wednesday as flagging global economic growth triggered selling in bluechip stocks, including Keppel Corp and Bank Rakyat. Singapore's Straits Times I
Published 11 Oct, 2012 12:00am
Samsung Electronics sends Seoul shares lower

Samsung Electronics sends Seoul shares lower

South Korean shares retreated, led by a slump for Samsung Electronics following brokerage downgrades of Intel that sparked a sell-off of US technology firms overnight. The Korea Composite Stock Price Index (KOSPI) dropped 1.6 percent on Wednesday to 1,948
Published 11 Oct, 2012 12:00am
FTSE toils as BAE Systems merger fails

FTSE toils as BAE Systems merger fails

Global growth worries prodded Britain's top share index lower on Wednesday as a failed merger with a French peer hurt shares in defence and aviation firm BAE Systems. London's bluechip index closed down 33.54 points, or 0.6 percent, at 5,776.71 as volumes
Published 11 Oct, 2012 12:00am
Sterling edges up

Sterling edges up

Sterling inched up on Wednesday, as sovereign investors bought the pound after three straight days of losses had pushed it to a one-month low against the dollar. Gains were expected to be temporary as a weak UK economy and the prospect of even more fiscal
Published 11 Oct, 2012 12:00am
Euro drops in Asia

Euro drops in Asia

The euro dropped to its lowest since October 1 against the dollar and the yen, as investors shied away from risk on concerns about weak earnings in the United States due to slowing global growth. Asian shares followed a drop on Wall Street overnight, when
Published 11 Oct, 2012 12:00am
Dollar climbs in London

Dollar climbs in London

The dollar held near the one-month high it hit in Asian trade against a currency basket and the euro fell on Wednesday as concerns about company earnings drove investors into safer currencies. Uncertainty over whether and when Spain will apply for a bailo
Published 11 Oct, 2012 12:00am
Early trade in New York: euro flat versus dollar

Early trade in New York: euro flat versus dollar

The euro was stable against the dollar on Wednesday after a two-day decline as investors waited to see whether debt-ridden Spain would ask for a bailout for its public finances. Traders said the euro is likely to trade in a range in the near term, with go
Published 11 Oct, 2012 12:00am
Dollar, yen rise

Dollar, yen rise

The dollar and yen rose against the euro on Tuesday in a safe-haven bid ahead of upcoming US third-quarter corporate earnings results and on uncertainty about Greece and Spain. Gains in the safe-haven US and Japanese currencies accelerated after Wall Stre
Published 11 Oct, 2012 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Inter bank buy/sell rates for the taka against the dollar on Wednesday. 81.25-81.305 (previous 81.30-81.34). Call Money Rates: 08.00-08.50 percent (previous 07.50-09.50 percent).
Published 11 Oct, 2012 12:00am
Swiss franc down

Swiss franc down

The Swiss franc tracked the euro to its lowest level against the dollar since October 1 in early Wednesday trading on concerns flagging global growth could hit company profits as the corporate earnings season kicked off in the United States. The franc fel
Published 11 Oct, 2012 12:00am
Emerging Asian currencies fall

Emerging Asian currencies fall

Emerging Asian currencies fell on Wednesday as investors cut exposure to risky assets across the region following lower growth forecasts for China and other emerging markets by the International Monetary Fund. Uncertainty over reforms in Greece and Spain'
Published 11 Oct, 2012 12:00am
Yuan ends up

Yuan ends up

The yuan closed higher on Wednesday as corporates sold dollars, which had flooded in since China's onshore market resumed trading on Monday after a week-long holiday, traders said. The post-holiday influx of dollars had put off a long-anticipated correcti
Published 11 Oct, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell to its lowest in two weeks on Wednesday, tracking gains in the global dollar and after rating agency Standard & Poor's said downgrade risks remained even after the current spate of reforms. The fall in the rupee, exacerbated by the S
Published 11 Oct, 2012 12:00am
Uncapped Kleinveldt called up for Australia tour

Uncapped Kleinveldt called up for Australia tour

Uncapped all-rounder Rory Kleinveldt has been called up to the South Africa squad for the three-test series in Australia, Cricket South Africa (CSA) announced on Wednesday. The 29-year-old Kleinveldt has played two Twenty20 internationals but has yet to m
Published 11 Oct, 2012 12:00am
Usman Qadir's sterling show in Australian Grade cricket

Usman Qadir's sterling show in Australian Grade cricket

Pakistan's junior teenager all-rounder Usman Qadir shone with the bat and ball in Australia Grade cricket in Adelaide, according to message received here on Wednesday. 19-year-old all-rounder Usman, a son of former Pakistan star leg-spinner Abdul Qadir, c
Published 11 Oct, 2012 12:00am
China blogger 'sorry' for Federer threat

China blogger 'sorry' for Federer threat

A blogger in China who made a death threat against Roger Federer said he had apologised but remained at large after vowing to "assassinate" the world number one, according to an Internet posting. An Internet user under the name "Blue Cat Polytheistic Reli
Published 11 Oct, 2012 12:00am
Federer and Djokovic cruise, Murray gets walkover

Federer and Djokovic cruise, Murray gets walkover

Top seeds Roger Federer and Novak Djokovic cruised into the third round of the Shanghai Masters on Wednesday as defending champion Andy Murray progressed without even picking up a racquet. As the tournament kicked into life with the introduction of the bi
Published 11 Oct, 2012 12:00am
Zimbabwe mourn all-rounder Curran

Zimbabwe mourn all-rounder Curran

The cricket world was Wednesday mourning the loss of former Zimbabwe all-rounder and coach Kevin Curran, who has died aged 53. Curran, who played at county level with Gloucestershire and Northants in England in the 1980s and 1990s, collapsed while jogging
Published 11 Oct, 2012 12:00am
FIFA make seat pledge for 2014 World Cup

FIFA make seat pledge for 2014 World Cup

FIFA vowed Wednesday to limit the number of empty seats to a "strict minimum" during games at the next World Cup in Brazil in 2014. This summer's European Championships in Poland and Ukraine and the London Olympics both struggled with empty seats at event
Published 11 Oct, 2012 12:00am
Punjab Sports Festival: Indian delegation arrives to assess arrangements

Punjab Sports Festival: Indian delegation arrives to assess arrangements

A two-member Indian Punjab sports delegation comprising Paran Jeet Singh and Shiv Dular Dhillon arrived here on Wednesday via Wagha Border on a three-day visit to assess the arrangements of the Punjab International Sports Festival being held next month. I
Published 11 Oct, 2012 12:00am
Spain and Italy on alert as mighty meet minnows

Spain and Italy on alert as mighty meet minnows

Holders Spain face a tricky trip to Belarus in World Cup 2014 qualifying on Friday when a host of top European sides take on unheralded nations as they bid to avoid sizeable shocks en route to Brazil. The Spanish know only too well that their Group I game
Published 11 Oct, 2012 12:00am
Umpires in TV corruption sting suspended

Umpires in TV corruption sting suspended

Cricket authorities on Wednesday suspended six umpires at the centre of claims by an Indian television programme that they could be bribed to make favourable decisions during games. An undercover investigation by the India TV channel allegedly found that
Published 11 Oct, 2012 12:00am
Nigeria president sets out $31.3 billion budget

Nigeria president sets out $31.3 billion budget

Nigeria's president on Wednesday unveiled a $31 billion dollar budget for 2013 in Africa's largest oil producer, pegged to a benchmark oil price of $75 per barrel. Goodluck Jonathan has faced calls to align spending with a higher predicted oil price close
Published 11 Oct, 2012 12:00am
SpaceX capsule links up with space station: NASA

SpaceX capsule links up with space station: NASA

A capsule on a first privately-run resupply mission successfully linked up Wednesday with the International Space Station, the US space agency NASA said. A robot arm operated by two of the six astronauts aboard the space station snatched the unmanned Drag
Published 11 Oct, 2012 12:00am
Michelle Obama more popular than president, Romney

Michelle Obama more popular than president, Romney

The US first lady is first among many: she's more popular than husband President Barack Obama - or Ann Romney, wife of Republican presidential hopeful Mitt Romney, a new poll out Wednesday found. Michelle Obama has a whopping 69 percent approval rating am
Published 11 Oct, 2012 12:00am
Candid Obama says 'hand wringing' after debate will ebb

Candid Obama says 'hand wringing' after debate will ebb

US President Barack Obama admitted Wednesday he was "too polite" in his debate with Mitt Romney, but predicted Democratic "hand wringing" would soon subside over his limp performance. Obama, in his broadest comments yet on a debate that apparently turned
Published 11 Oct, 2012 12:00am
Indian toilet scheme wins Geneva global innovation award

Indian toilet scheme wins Geneva global innovation award

An innovative scheme to provide rural Indian communities with toilets and running water in every house has scooped the first Global+5 award in Geneva. "It's more than water and sanitation, it's human dignity," said Joe Madiath, head of the Mantra project
Published 11 Oct, 2012 12:00am
Orders Syrian passenger plane to land

Orders Syrian passenger plane to land

Turkey scrambled fighter planes to force a Syrian passenger plane en route from Moscow to land in Ankara on Wednesday and banned Turkish civilian aircraft from flying in Syrian airspace, state-run TRT television said. A foreign ministry official confirmed
Published 11 Oct, 2012 12:00am
Turkey warns Syria against cross-border shelling

Turkey warns Syria against cross-border shelling

Turkey's military chief of staff said on Wednesday his troops would respond with greater force if bombardments from Syria keep hitting Turkish territory. Several mortar bombs landed outside the Syrian border town of Azmarin and heavy machinegun fire could
Published 11 Oct, 2012 12:00am
Jordan's king names new Prime Minister after government quits

Jordan's king names new Prime Minister after government quits

Jordan's King Abdullah II on Wednesday designated veteran politician Abdullah Nsur to form a new government after prime minister Fayez Tarawneh and his government resigned ahead of legislative polls. "The king today accepted the resignation of Fayez Taraw
Published 11 Oct, 2012 12:00am
Sudan expels Norwegian diplomat

Sudan expels Norwegian diplomat

Sudan asked Norway on Wednesday to send home one of its diplomats, Khartoum's foreign ministry said, a day after Oslo ordered a Sudanese diplomat home over spying allegations. "Sudan's ministry of foreign affairs asked Norway's ambassador in Khartoum at a
Published 11 Oct, 2012 12:00am
Insurgent bomb kills six Afghan cops

Insurgent bomb kills six Afghan cops

A Taliban roadside bomb ripped through a police vehicle in a southern Afghanistan town on Wednesday, killing six officers including a commander, an official said. The officers, part of a US-sponsored community force known as the Afghan Local Police (ALP),
Published 11 Oct, 2012 12:00am
US pair shares chemistry Nobel for cell receptors

US pair shares chemistry Nobel for cell receptors

US chemists Robert Lefkowitz and Brian Kobilka won the Nobel Prize on Wednesday for identifying a class of cell receptor, yielding vital insights into how the body works at the molecular level. The award is for chemistry but the big beneficiary is medical
Published 11 Oct, 2012 12:00am
Russia further delays delivery of aircraft carrier to India

Russia further delays delivery of aircraft carrier to India

Russia delayed delivery of a trouble-plagued aircraft carrier for at least a year on Friday, a blow to India's efforts to quickly build up naval strength as increasingly assertive Asian rival China expands its maritime reach. Originally built as the Admir
Published 11 Oct, 2012 12:00am
Indian Prime Minister rails against 'negativity' over corruption

Indian Prime Minister rails against 'negativity' over corruption

Indian Prime Minister Manmohan Singh said on Wednesday that a "mindless atmosphere of negativity" over corruption was damaging the country and he feared for the morale of civil servants. Corruption has become a hot issue since Singh was re-elected in 2009
Published 11 Oct, 2012 12:00am
Brazil sets up special security force to protect Amazon

Brazil sets up special security force to protect Amazon

Brazil said Wednesday it was setting up a special environmental security force to combat soaring illegal deforestation in the Amazon region. Environment Minister Izabella Teixeira said the new unit will conduct "permanent" surveillance of the Amazon, wher
Published 11 Oct, 2012 12:00am
Bulgaria, US to boost 'anti-terror' data exchange

Bulgaria, US to boost 'anti-terror' data exchange

Bulgaria and the United States signed on Wednesday a deal aimed at improving the exchange of data needed to tackle 'terrorism' and organised crime, three months after a still-unsolved deadly bomb attack on Israeli tourists. "The agreement allows a more ex
Published 11 Oct, 2012 12:00am
12 Chinese workers killed in dormitory blaze

12 Chinese workers killed in dormitory blaze

Twelve Chinese construction workers were killed and 24 injured in a fire at their dormitory early Wednesday, state media reported. The blaze broke out at a water-diversion project in Zhouzhi county in the north-western province of Shaanxi, Xinhua news age
Published 11 Oct, 2012 12:00am
Shanghai copper drops

Shanghai copper drops

The most active January copper contract on the Shanghai Futures Exchange fell 0.6 percent to close at 58,860 yuan ($9,400) per tonne on Wednesday. But losses are expected to be limited by fresh signs of pro-growth policies by China to stabilise the world'
Published 11 Oct, 2012 12:00am
Copper steadies; aluminium flops to one-month low

Copper steadies; aluminium flops to one-month low

Copper was steadier and aluminium fell to its lowest in more than a month on Wednesday, as concerns about continued demand weakness offset fresh hopes for pro-growth policies from top metals consumer China. Aluminium fell more than other metals under the
Published 11 Oct, 2012 12:00am
Oil prices fall in volatile trade

Oil prices fall in volatile trade

Oil prices fell in volatile trade on Wednesday due to ongoing concerns about the economy and a weak kick off to the earnings season that weighed on stock markets. After trading higher for most of the US session, Brent turned negative as US stocks fell aft
Published 11 Oct, 2012 12:00am
New York cotton ends a tad higher

New York cotton ends a tad higher

Cotton futures ended a tad higher in quiet trade on Wednesday, as investors stayed on the sidelines awaiting trading cues from a US government monthly crop report. New York cotton for December delivery inched up 0.26 cent to settle at 72.10 cents per lb o
Published 11 Oct, 2012 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Tokyo rubber futures ended 1.5 percent lower on Wednesday, pulled down by persistent concerns about slowing global growth and weaker oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery dropped 4.2 yen
Published 11 Oct, 2012 12:00am
Soya ends lower

Soya ends lower

US soyabeans erased the day's gains to end slightly lower on Tuesday before a key US government crop report as a rally in the dollar overwhelmed expectations that a move by China to stimulate the economy could increase demand. Technical buying had support
Published 11 Oct, 2012 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures edged up on Wednesday to their highest in more than a week, tracking other vegetable oil markets, although gains were limited by record stockpiles. Malaysia's palm oil stocks in September surged 17.4 percent from a month ago to
Published 11 Oct, 2012 12:00am
Coffee and sugar down

Coffee and sugar down

Arabica coffee futures fell to a one-month low in heavy volume on Wednesday as crop flowering in top grower Brazil combined with the widening December/March spread weighed on the market. Raw sugar eased dealings after Brazil's harvest update came in line
Published 11 Oct, 2012 12:00am
Gold drops in New York

Gold drops in New York

Gold fell for a third consecutive session on Tuesday as a stern warning by the International Monetary Fund on global growth and worries about a slowing Chinese economy lessened bullion's appeal as an inflation hedge. A third straight day of decline sent g
Published 11 Oct, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied on Wednesday after three straight sessions of losses, although prices remained near a 1-1/2 week low as a murky outlook for global economic growth buoyed the dollar, putting pressure on bullion. Spot gold was trading nearly flat at $1,762.62
Published 11 Oct, 2012 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell on Wednesday, poised for its first four-day losing streak since August, taking a cue from euro weakness as fear mounted on peripheral euro zone economies along with wider concern about the global economy. Investors clung to the dollar, which hel
Published 11 Oct, 2012 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

US soyabeans fell 1.5 percent early on Wednesday as the harvest advanced at a near-record rate and traders squared positions ahead of a government report due on Thursday that is expected to show improved forecasts for the crop in the world's biggest produ
Published 11 Oct, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold traded flat early on Wednesday, as renewed fears about a worsening euro zone debt crisis along with wider concern about the global economy dampened the metal's allure as a traditional inflation hedge. Analysts said that some investors could take prof
Published 11 Oct, 2012 12:00am
Coalminer died in Duki

Coalminer died in Duki

A coalminer died when an avalanche fell down on him in a coalmine in Duki area of Loralai district. Levies force sources said on Wednesday that the victim identified as Yar Muhammad resident of Afghanistan was busy inside the coalmine as an avalanche coll
Published 11 Oct, 2012 12:00am
September auto sales at 15 month low

September auto sales at 15 month low

Pakistan car sales (including LCVs, Vans and Jeeps) declined to 30,541 units during the first quarter of FY13, down 30 percent compared to 43,694 units in the same period last year. During September, sales volumes declined to a 15-month low and stood at 9
Published 11 Oct, 2012 12:00am
SECP fines two insurance companies, warns another

SECP fines two insurance companies, warns another

The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of Rs 0.5 million each on two insurance companies and issued a stern warning to another insurer for their defaults of different sections of the Insurance Ordinance 2000.
Published 11 Oct, 2012 12:00am
SBP makes arrangements to issue fresh notes before Eid-ul-Azha

SBP makes arrangements to issue fresh notes before Eid-ul-Azha

With a view to facilitating the general public in obtaining fresh currency notes before Eid-ul-Azha, the State Bank of Pakistan (SBP) has decided that all field offices of SBP Banking Services Corporation (BSC) and over 10,000 branches of all commercial b
Published 11 Oct, 2012 12:00am
Market trading at one year forward earning yield of 15 percent: analysts

Market trading at one year forward earning yield of 15 percent: analysts

Thanks to resilient corporate earnings and sharp interest rate cut of 400bps in last 15 months, Pakistan market is trading at attractive one year forward earnings yield of 16 percent which is far higher than 1-year T-bill which is close to 10 percent, ana
Published 11 Oct, 2012 12:00am
Waheed Ahmed elected chairman PFVA

Waheed Ahmed elected chairman PFVA

Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA) has elected Waheed Ahmed as its new chairman for the year 2012-2013. Waheed who had served the association as chairman during 2009-2010 was unanimously elected for the post
Published 11 Oct, 2012 12:00am
Lucky Cement bags awards

Lucky Cement bags awards

Lucky Cement Limited, Pakistan's largest cement manufacturer and exporter, has received the Best Sustainability Report and the Best Corporate Report Awards - 2011. Lucky Cement secured overall Top position in the category for Best Sustainability Report Aw
Published 11 Oct, 2012 12:00am
Flood-risk management: Saarc countries to formulate plan

Flood-risk management: Saarc countries to formulate plan

The SAARC member countries have decided to formulate a roadmap for flood risk management that would be presented in the next SAARC summit for approval. The decision was taken in a workshop titled 'SAARC Workshop on Flood Risk Management in South Asia' org
Published 11 Oct, 2012 12:00am
NUST confers Honorary Doctorate on Bakir Izetbegovic

NUST confers Honorary Doctorate on Bakir Izetbegovic

In recognition of his meritorious trans-national services and rare leadership Honourary Doctorate of Philosophy Degree by National University of Sciences and Technology is conferred on Chairman Presidency of Bosnia and Herzegovina Bakir Izetbegovic here o
Published 11 Oct, 2012 12:00am
Burj Bank announces Rs 147 million profit

Burj Bank announces Rs 147 million profit

Burj Bank Limited (Burj) has announced its half yearly results for the period ended June 30. The Bank's profit before tax is Rs 147 million. The profit announcement reflects a turnaround of Burj Bank with continuous earning for the first two quarters of 2
Published 11 Oct, 2012 12:00am
Burj Bank announces Rs 147 million profit

Burj Bank announces Rs 147 million profit

Burj Bank Limited (Burj) has announced its half yearly results for the period ended June 30. The Bank's profit before tax is Rs 147 million. The profit announcement reflects a turnaround of Burj Bank with continuous earning for the first two quarters of 2
Published 11 Oct, 2012 12:00am
LSE approves listing formalities of Treet Corporation

LSE approves listing formalities of Treet Corporation

Lahore Stock Exchange has approved the application for formal listing and quotation of the Rated, Listed, Secured, Redeemable & Convertible Participation Term Certificates (PTCs) of Treet Corporation Ltd on completion of all formalities required under Lis
Published 11 Oct, 2012 12:00am
PSO pays over Rs 27 billion to international fuel suppliers

PSO pays over Rs 27 billion to international fuel suppliers

A cash-strapped Pakistan State Oil has paid over Rs 27 billion to international fuel suppliers including Kuwait Petroleum Company (KPC), while the Finance Ministry has released Rs 3.9 billion to the national fuel supplying company on Tuesday on account of
Published 11 Oct, 2012 12:00am
Annual meeting of IMF-World Bank begins in Tokyo

Annual meeting of IMF-World Bank begins in Tokyo

The annual meeting of IMF-World Bank started in Tokyo, in which finance ministers from 188 countries are participating along with their delegations. The Pakistan's delegation is led by Finance Minister Dr Abdul Hafeez Shaikh, the other members of the dele
Published 11 Oct, 2012 12:00am
PIA reopens flights for Swat after five years

PIA reopens flights for Swat after five years

Pakistan International Airlines (PIA) on Wednesday resumed flights from Saidu Sharif Airport, Mingora with the arrival of first flight after a period of five years. The first flight arrived at the airport was ATRS flight with PIA Managing Director Junaid
Published 11 Oct, 2012 12:00am
Bilawal links democratisation of markets, wealth with global peace

Bilawal links democratisation of markets, wealth with global peace

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said the democratisation of wealth, resources and markets was a must to ensure global peace. Speaking at a luncheon debate at the World Forum for Democracy here on Tuesday, the PPP Chairman
Published 11 Oct, 2012 12:00am
Canadian minister condemns attack on Malala

Canadian minister condemns attack on Malala

Canadian Foreign Affairs Minister John Baird condemned in the strongest possible terms the actions of gunmen in Pakistan who shot a 14-year-old girl for speaking out against the Taliban and in favour of girls' right to an education. According to a press r
Published 11 Oct, 2012 12:00am
Enemies of education involved in attack: Hoti

Enemies of education involved in attack: Hoti

Chief Minister, Khyber Pakhtunkhwa, Amir Haider Khan Hoti, has said that assailant who attacked Malala Yousufzai were the enemies of education, development and pushing the Pakhtun nation into the dark for realising their evil designs. Addressing at the re
Published 11 Oct, 2012 12:00am
Shahbaz terms attack a cowardly act

Shahbaz terms attack a cowardly act

Punjab Chief Minister Muhammad Shahbaz Sharif said that cowardly attack on daughter of the nation Malala Yousafzai is highly reprehensible and condemnable. He was talking to newsmen on his return from his visit to Turkey, Britain and Germany at the Allama
Published 11 Oct, 2012 12:00am
Malala: reward offered for arrest of attackers

Malala: reward offered for arrest of attackers

Khyber Pakhtunkhwa government on Wednesday announced to give a reward of Rs 10 million to those who arrest the attackers of the National Peace Award Winner, and 14-year-old Swat girl, Malala Yousufzai. "There was no need to send Malala Yousufzai abroad fo
Published 11 Oct, 2012 12:00am
11 Afghan nationals held

11 Afghan nationals held

Police arrested 11 Afghan nationals under foreign act at Joint Road area of the provincial capital. Police sources said on Wednesday that these Afghan nationals had entered in the country illegally, who did not show travelling documents during investigati
Published 11 Oct, 2012 12:00am
World Bank for preservation of rainwater in Balochistan

World Bank for preservation of rainwater in Balochistan

World Bank suggested Balochistan government to construct more dams to preserve rainwater in the wake of fast declining level of subsoil water. Official sources said on Wednesday that a delegation of World Bank headed by Mehwash Wasaq called on Balochistan
Published 11 Oct, 2012 12:00am
Meezan Bank gets Best Corporate Report award

Meezan Bank gets Best Corporate Report award

The joint committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) has awarded Meezan Bank's Annual Report 2011 the prize of being the fourth Best Corporate Report in the Banki
Published 11 Oct, 2012 12:00am
Meezan Bank gets Best Corporate Report award

Meezan Bank gets Best Corporate Report award

The joint committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) has awarded Meezan Bank's Annual Report 2011 the prize of being the fourth Best Corporate Report in the Banki
Published 11 Oct, 2012 12:00am
IGATEX Pakistan 2012 from today

IGATEX Pakistan 2012 from today

The largest and well established garment and textile machinery and accessories exhibitions in South Asia, the 7th edition of IGATEX Pakistan organised by FAKT Exhibitions Private Limited will take place at Lahore International Expo Centre from October 11
Published 11 Oct, 2012 12:00am
World space week held at MUET

World space week held at MUET

A grand 'Space Fair' marked the second day of World Space Week (WSW) celebrations - 2012 at Mehran University of Engineering and Technology (MUET), Jamshoro here on Wednesday. It was organised by Department of Telecommunication Engg, MUET, Jamshoro and Pa
Published 11 Oct, 2012 12:00am
Businesses, accountancy profession need to be better prepared: survey

Businesses, accountancy profession need to be better prepared: survey

Businesses and the accountancy profession will need to be better prepared to anticipate and respond to the unprecedented challenges of a volatile global economy while seeking and capitalising on opportunities, according to a survey of finance professional
Published 11 Oct, 2012 12:00am
Synergy Group signs accord with Global Media Giant

Synergy Group signs accord with Global Media Giant

Synergy Group has signed a partnership agreement with Aegis Group Plc-one of the leading Media and Communications Group, whereby both companies have entered into a strategic partnership to implement media solutions in Pakistan. As the first step of this p
Published 11 Oct, 2012 12:00am
Political activists among 11 gunned down in Karachi

Political activists among 11 gunned down in Karachi

At least eleven people including political activists were killed in different areas of the city here on Wednesday, police and rescuers said. According to details, body of a man was found from a car at Hawks Bay road in the jurisdiction of Maripur police s
Published 11 Oct, 2012 12:00am
SCBA hails Supreme Court decision

SCBA hails Supreme Court decision

President Supreme Court Bar Association (SCBA) Yasin Azad has hailed the decision of the Supreme Court in the NRO implementation case. Talking to media, he termed it in the best national interest. He said that the lawyers' community sees the development a
Published 11 Oct, 2012 12:00am
PFMA Khyber Pakhtunkhwa demands restoration of wheat quota

PFMA Khyber Pakhtunkhwa demands restoration of wheat quota

Pakistan Flour Mills Association (PFMA) Khyber Pakhtunkhwa on Wednesday demanded the restoration of wheat quota for flour mills, saying that the provincial government has huge stock of the commodity, which should be released to mills with immediate effect
Published 11 Oct, 2012 12:00am
Lawyers observe strike

Lawyers observe strike

The lower courts across the province remained closed on Wednesday as lawyers observed strike to protest against the act of some lawyers in Khairpur. The strike call was given by Sindh Bar Council to protest against the lawyers who had burnt an effigy of t
Published 11 Oct, 2012 12:00am
Telenor Pakistan Summer Internship Programme concludes

Telenor Pakistan Summer Internship Programme concludes

Telenor Pakistan successfully concluded its Summer Internship Programme 2012 with a Certificate Awarding Ceremony here on Wednesday. The ceremony recognised the talent and achievements of the interns and is a tribute to their hard work and commitment.
Published 11 Oct, 2012 12:00am
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