News Archives for Print - 2012-10-15

Dr Dur Muhammad Pathan, a renowned author and intellectual of Sindh, has announced to return Presidential Award in protest against new local government law. The author was conferred President's Pride of Performance Award last year.

Published 15 Oct, 2012 12:00am

Blasts create panic in Multan

Two blasts occurred here at Nag Shah Chowk here on Saturday creating panic among people. However, no loss of life and property was reported. According to bomb disposal squad in-charge Maqsood, two bombs packed in shopping bags were placed in a dumping sit

Published 15 Oct, 2012 12:00am

Launching operation in NWA: Malala's issue being used as pretext: Fazl

Chief of his own faction of Jamiat Ulema-e-Islam (JUI), Maulana Fazlur Rehman, on Sunday accused the government and Pakistan Army of trying to use Malala attack as a pretext for launching military operation in North Waziristan agency, a private TV channel

Published 15 Oct, 2012 12:00am

No single party can resolve people's problems: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira on Sunday said that Pakistan Peoples Party (PPP) government was utilising all resources to provide facilities to people at their doorsteps as per the vision of Shaheed Benazir Bhutto.

Published 15 Oct, 2012 12:00am

SSC Supplementary Exam from October 23

The SSC Supplementary Examination 2012 Science and General Groups (Regular and Private) is scheduled from October 23. An announcement of the Board of Secondary Education Karachi (BSEK) said on Sunday that the admit cards will be ready for collection with

Published 15 Oct, 2012 12:00am

Malala's injured friends get Rs 50,000 each

Khyber Pakthunkhwa Minister for Environment and Forests, Wajid Ali Khan and Member National Assembly (MNA), Zafarul Mulk on Sunday visited to Mingora and Swat and handed over Rs 50,000 each to Kaynat and Shazia who sustained critical bullets injuries alon

Published 15 Oct, 2012 12:00am

International White Cane Safety Day today: government taking measures to fight blindness: President

President Asif Ali Zardari has said that the government is taking measures to fight blindness and help integrate those afflicted with impaired vision in the mainstream of national life.

Published 15 Oct, 2012 12:00am

Musharraf consults friends over return to Pakistan

Former President Pervez Musharraf has started consulting friends over his possible return to Pakistan. President All Pakistan Muslim League (APML) General Pervez Musharraf (Retd) has started consulting his friends abroad regarding his return to Pakistan.

Published 15 Oct, 2012 12:00am

Pakistani officials to inspect Kishanganga Dam site today

Joint Inspection Commission of Pakistani and Indian officials are scheduled to inspect the site of the controversial Kishanganga hydro-electricity project on Monday. A three-member Pakistani team led by Indus Treaty Commissioner Asif Baig arrived in India

Published 15 Oct, 2012 12:00am

YDA to launch march against Punjab government

The Young Doctors Association (YDA) has announced to launch a movement against the Punjab Government for not getting service structure, a private channel reported on Sunday. This was decided after a meeting of general council of the Young Doctors Associat

Published 15 Oct, 2012 12:00am

Sugar production expected on higher side next season

Sugar: Sugar has become pricier following government announcement of sugar exports up to 300,000 tons. The wholesale prices of sugar in Jodia Bazaar, the main wholesale market of Karachi, ranged between Rs 5,100-Rs 5,200 per 100kg during last week.

Published 15 Oct, 2012 12:00am

Pakistan among the easiest countries in the region for foreign investors, international companies: MD, Metro-Habib Cash-n-Carry

BR Research: Briefly familiarise us with your career path and also tell us about how the merger between Metro and House of Habib emerged.

Published 15 Oct, 2012 12:00am

Pakistan among the easiest countries in the region for foreign investors, international companies: MD, Metro-Habib Cash-n-Carry

BR Research: Briefly familiarise us with your career path and also tell us about how the merger between Metro and House of Habib emerged.

Published 15 Oct, 2012 12:00am

Nordic banks a safe haven even as household debt soars

Swedish and Norwegian banks say they have seen an influx of foreign investors looking for a safe haven from the turmoil of the troubled eurozone. But while financial institutions in the Scandinavian countries may be as safe as houses, frothy real estate m

Published 15 Oct, 2012 12:00am

Loadshedding continues - I

The cost of continued heavy loadshedding is not only in political terms evident from violent street protests in different parts of the country but also in economic terms with industry unable to operate at capacity compelled to raise price of its products

Published 15 Oct, 2012 12:00am

Sustainable development: Impact of privatisation - II

The most common myth against privatisation is loss of employment. This fear is largely unfounded. The example of privatisation in banking sector controverts those who make such claims. In 1997 when the restructuring, downsizing and privatisation picked up

Published 15 Oct, 2012 12:00am

State of economy

Periodic statements by PPP chairman Bilawal Bhutto Zardari and co-chairman President Zardari reveal an understanding of the state of the economy that few analysts or, indeed, the public is able to endorse. Three major claims continue to be made. First, in

Published 15 Oct, 2012 12:00am

Attacks in interior Sindh

The new local government law in Sindh continues to cause unrest. Things took an ugly turn early Tuesday morning when residences of at least six PPP leaders, including provincial assembly Speaker Nisar Khurho, were bombed by the so-called Sindhudesh Libera

Published 15 Oct, 2012 12:00am

Energy imperatives

Import of Liquefied Natural Gas (LNG) has not gone beyond Memoranda of Understanding (MoUs) and comments made in the media that necessary spadework is in place. For over a decade, talk on import of natural gas is devoid of any walk. Our policymakers do no

Published 15 Oct, 2012 12:00am

Myanmar ruling party meets to map out its future

Myanmar's army-backed ruling party was urged Sunday to embrace democracy at a key meeting to revamp its leadership and map its future after a by-election drubbing by Aung San Suu Kyi's opposition.

Published 15 Oct, 2012 12:00am

Flemish nationalists seek breakthrough in Belgian polls

Belgium voted on Sunday in local elections seen as a potential make-or-break poll on the country's future, with Flemish nationalist leader Bart De Wever seeking a big breakthrough.

Published 15 Oct, 2012 12:00am

Gaza toll hits five as Israel targets militants

Two Gazans died in an Israeli strike on Sunday, raising to five the total number killed as Israel pressed a series of raids targeting militants, among them a top Salafist leader. Palestinian witnesses said the latest Israeli strike targeted a motorcycle n

Published 15 Oct, 2012 12:00am

Philippine rebel chief in historic peace trip

The leaders of the Philippines' biggest Muslim rebel group arrived in Manila on Sunday for a historic visit aimed at ending one of Asia's longest and deadliest insurgencies. Moro Islamic Liberation Front (MILF) chief Murad Ebrahim and other senior rebel f

Published 15 Oct, 2012 12:00am

Two killed as South Africa tourist boat capsizes

Two people, including an elderly British tourist, were killed when a charter boat on a popular sight-seeing trip capsized off South Africa's Hout Bay on Saturday, rescue officials said.

Published 15 Oct, 2012 12:00am

Austerity-weary Lithuania set to swing left in parliamentary election

Lithuania's austerity-weary voters were Sunday expected to swing left in a legislative election, evicting a four-year-old Conservative government which steered the Baltic nation through one of the world's deepest recessions.

Published 15 Oct, 2012 12:00am

Francophonie urges African role on Security Council

Leaders of French-speaking nations called Sunday for an overhaul of the UN Security Council that would give African nations some form of permanent representation.

Published 15 Oct, 2012 12:00am

Tunisia sets dates for polls after compromise

Tunisia will go to the polls next June, the Islamist-led government said on Sunday, after striking a deal on a new constitution for the North African state which was the cradle of the Arab Spring. The two main opposition groupings welcomed the move.

Published 15 Oct, 2012 12:00am

Ecuador to fight oil dispute fine: president

Ecuador said Saturday it will fight to avoid paying a fine to Occidental Petroleum as compensation for cancelling a contract with the US oil giant. "We will continue fighting to not pay a penny to this abusive transnational corporation," said President Ra

Published 15 Oct, 2012 12:00am

Vedanta shuts Indian refinery over bauxite shortage

Mining giant Vedanta said Sunday it has temporarily shut its aluminium refinery in the eastern Indian state of Orissa due to a serious shortage of bauxite. Vedanta Aluminium, India's largest producer of aluminium, gave no date for a restart of operations

Published 15 Oct, 2012 12:00am

Virgin Money weighs bid for 316 RBS branches

Richard Branson's Virgin Money is mulling a bid for 316 branches of the Royal Bank of Scotland, a source familiar with the matter said on Sunday, after the collapse of a deal to sell them to Spanish giant Santander. Virgin Money, which bought the remains

Published 15 Oct, 2012 12:00am

Russia invites India's ONGC to buy stake in Madagan 2 field

Russia has invited India's Oil and Natural Gas Corp Ltd to consider buying a stake in the Madagan 2 field operated by Rosneft in the northern part of the Sea of Okhotsk, its deputy energy minister said on Sunday.

Published 15 Oct, 2012 12:00am

Mersch to join ECB board despite EU parliament rejection

Luxembourg central banker Yves Mersch is set to be appointed to the European Central Bank's executive board despite opposition from the European Parliament, Germany's Sueddeutsche Zeitung said in an article due to be published on Monday.

Published 15 Oct, 2012 12:00am

Dana Gas expects Iraq, Kurdistan deal will speed gas

Dana Gas and Crescent Petroleum expect that the recent multi-million-dollar oil payment by Baghdad to the Kurdistan Regional Government (KRG) means they will get paid for gas they have supplied to the region, the companies said on Sunday.

Published 15 Oct, 2012 12:00am

South Africa labour turmoil hitting growth

Two months of crippling labour turmoil are likely to force South Africa to look again at its economic growth forecasts, the central bank's deputy governor said on Sunday. Wildcat strikes that started in the platinum mines have left more than 50 people dea

Published 15 Oct, 2012 12:00am

Event on skin diseases: experts say no funds allocated for treatment of communicable diseases

The government's negligence towards the health sector can be gauged by the fact that there is no budget allocation for non-communicable diseases such as psoriasis in the budget for 2012-13. More than 5 percent of the country's total population is sufferin

Published 15 Oct, 2012 12:00am

FC personnel martyred

A personnel of Frontier Constabulary (FC) was martyred during a shootout with outlaws at Bara Sheihan area here on Sunday. According to police, the incident occurred in the limits of Badabir police station where the outlaws attacked a joint party of polic

Published 15 Oct, 2012 12:00am

FC detains 400 drug addicts, sellers

Balochistan Frontier Corps (FC) arrested 400 drug addicts including several drug sellers from City Nullah near Jinnah Road area of the provincial capital in a search operation on Sunday.

Published 15 Oct, 2012 12:00am

Six alleged criminals held

Rangers on Sunday conducted raids in Machar Colony area of Keamari Town and arrested 6 alleged criminals belonging to Lyari gang war. According to Rangers' spokesman they also recovered hand grenades and weapons from their possession. However identities o

Published 15 Oct, 2012 12:00am

Three killed in Quetta firing

At least three people have been killed and one injured in an incident of firing here on Sunday night. Deputy Inspector General Investigation Police Hamid Shakil told that unknown armed men riding bike opened indiscriminate fire on a car near City police s

Published 15 Oct, 2012 12:00am

Sacrificial animal prices higher this year

The prices of the sacrificial animals have registered an increase this year as compared to the last year owing to increase in transportation charges and other associated expenses. Traders have started to bring animals in the twin cities of Islamabad and R

Published 15 Oct, 2012 12:00am

Convocation of Karachi University to be held soon

The Registrar of University of Karachi announced on Sunday that the Annual Convocation for regular students (under semester system) of the institution will be held soon. The degrees will be conferred on the students who have passed Bachelors (Honours), B.

Published 15 Oct, 2012 12:00am

Minister terms nationalists' propaganda against PPP conspiracy

The Federal Minister Political Affairs, Maula Bux Chandio, who was also the Vice President of PPP Sindh chapter, has termed present propaganda against the PPP launched before general election a conspiracy to divide the vote bank of Sindhi people.

Published 15 Oct, 2012 12:00am

Therapy, exercise aid chemo-related menopause

Younger women who are thrust into menopause because of breast cancer treatment may get some relief from talk therapy and regular exercise, according to a study from the Netherlands.

Published 15 Oct, 2012 12:00am

Spineless critter had oldest complex brain

A 520-million-year-old, three-inch (7.6-centimetre) fossil has yielded evidence that complex brains evolved much earlier than previously thought, scientists said on October 10. The preserved external skeleton of Fuxianhuia protensa, an extinct type of art

Published 15 Oct, 2012 12:00am

Tomatoes can lower stroke risk: study

Men who love eating tomatoes may have lower odds of suffering a stroke, according to a Finnish study. Researchers whose results appeared in the journal Neurology found that of the more than 1,000 older men they followed, those with relatively high blood l

Published 15 Oct, 2012 12:00am

'350 million people have depression world-wide'

More than 350 million people suffer from depression globally, the World Health Organisation said, ahead of World Mental Health Day on October 10. "It is not a disease of developed countries, it is a global phenomenon. It's present in both genders and in r

Published 15 Oct, 2012 12:00am

Study sees rise in young stroke sufferers

Strokes are most common in old age, but US research suggests that lifestyle is putting younger people increasingly at risk for suffering strokes too. In their study of two US states, researchers whose report appeared in the journal Neurology found that th

Published 15 Oct, 2012 12:00am

Mother's mercury, fish intake tied to kids' ADHD risk

Children's risk of developing attention-deficit/hyperactivity disorder (ADHD) later in life may be tied to how much fish their mothers ate while pregnant, according to a US study.

Published 15 Oct, 2012 12:00am

Eat chocolate, win the Nobel Prize?

Of all the chocolate research out there, the most unabashed tribute to the "dark gold" has to be a study just published in one of the world's most prestigious medical journals. Drum roll, please. The higher a country's chocolate consumption, the more Nobe

Published 15 Oct, 2012 12:00am

Immersive game showcases new Internet Explorer

Microsoft on October 9 teased the release of the next generation of Internet Explorer by unveiling an online game crafted to show that websites can be as richly playful as "apps." A free-to-play version of hit iPhone and iPad application Contre Jour that

Published 15 Oct, 2012 12:00am

As mobile devices advance, PC future murky

The PC is not dead, but it's no longer king of the technology universe. As Microsoft prepares to launch Windows 8, the newest version of its operating system, the tech landscape is dramatically different from three years ago, when Windows 7 was launched.

Published 15 Oct, 2012 12:00am

Samsung introduces compact Galaxy smartphone

Samsung Electronics on October 12 unveiled a compact version of its flagship Galaxy S III smartphone, with a touch screen sized to match that of arch-rival Apple's new iPhone 5. The Galaxy S III Mini has a four inch high-definition touch screen, compared

Published 15 Oct, 2012 12:00am

Quantum research to yield 'super computers': Nobel winner

David Wineland, who won on October 9 the Nobel Prize for work in quantum physics with Serge Haroche of France, said our limited computers will "eventually" give way to super-fast, revolutionary ones. The pair, both 68, were honoured for pioneering optical

Published 15 Oct, 2012 12:00am

Friends vie for bragging rights online at TopThat

Brandon Caruana thinks friends are ready to swap online social network niceties for trash talk and competition in a virtual arena that challenges people to "TopThat." TopThat.com went public on October 11 with a website that taps into what friends are pro

Published 15 Oct, 2012 12:00am

Global PC sales down 8.6 percent in third quarter

Global personal computer (PC) sales fell 8.6 percent in the third quarter from a year ago due to gloomy economic sentiment and the shift to tablets and smartphones, an industry report said on October 11.

Published 15 Oct, 2012 12:00am

Free message apps 'to cost telecom firms $23 billion this year'

Global telecom operators are expected to have lost $23 billion in SMS revenues by the end of 2012 as smartphone users shift to free messaging applications, an industry report said on October 11.

Published 15 Oct, 2012 12:00am

Google launches online 'Cultural Institute' chronicling 20th century

Google on October 10 launched its online "Cultural Institute", a digital visual archive of landmark 20th century events and personalities, created in co-operation with 17 museums and institutes from across the globe.

Published 15 Oct, 2012 12:00am

YouTube launches new global channels

YouTube is launching dozens of new original programming channels, including several from France, Germany and Britain. The Google-owned online video service said this "new generation" of more than 50 channels would include topics such as fashion, automobil

Published 15 Oct, 2012 12:00am

Apple's 'iPad Mini' to be unveiled on 23rd

Apple's widely anticipated unveiling of its "iPad Mini" is expected to come on October 23, the Dow Jones technology website AllThingsD said on October 12. Reports have been swirling for months about the smaller version of the market-leading iPad, but Appl

Published 15 Oct, 2012 12:00am

Third of world's population has Internet: UN

More than a third of the world's population is online while mobile phone uptake increased by more than 600 million in 2011 to around six billion, a UN agency said on October 11. But the International Telecommunications Union (ITU) highlighted huge dispari

Published 15 Oct, 2012 12:00am

40 percent of US teens have iPhones: analyst survey

Two out of five American teenagers have an iPhone, in a sign that Apple is the "pre-eminent technology brand" for youth, a survey by a financial firm shows. In its semi-annual survey of over 7,700 teens, Piper Jaffray found that 40 percent had an iPhone,

Published 15 Oct, 2012 12:00am

Siemens says must drive down costs to succeed

Germany's Siemens said it needed to slash production costs and could cut jobs to compete with its rivals after 2012 proved to be tougher so far than it had expected. "As a leading company, we want to be better than the competitors. We don't want to bob al

Published 15 Oct, 2012 12:00am

EADS, BAE Systems: how they measure up

EADS and BAE Systems are two European Aerospace titans which tried and failed to overcome national politics to build a joint future. They insisted after their proposed merger collapsed, that the marriage was conceived with industrial logic and destined to

Published 15 Oct, 2012 12:00am

Etihad's third quarter revenues up 19 percent

Abu Dhabi's carrier, Etihad Airways, said it posted a 19 percent increase in revenues in the third quarter of 2012, but it remained tight-lipped on profit. The government-owned airline said its revenues in the three-month period hit $1.3 billion, 19 perce

Published 15 Oct, 2012 12:00am

Julius Baer to cut 1,000 jobs after Merrill Lynch unit buy

Swiss private banking group Julius Baer said on October 09 it would cut around 1,000 jobs when it buys part of Merrill Lynch's wealth management business from Bank of America. The Swiss bank said it planned "a significant reduction of former Bank of Ameri

Published 15 Oct, 2012 12:00am

Allianz turns lender to boost property investments

Allianz, Europe's largest insurer, is taking advantage of banks' diminished appetite for lending against real estate by offering loans to boost its investment in property. The loans offer a similar return to the rental yields on acquired buildings and hel

Published 15 Oct, 2012 12:00am

Royal Bank of Scotland floats insurance unit

State-rescued Royal Bank of Scotland on October 11 launched a partial flotation of its insurance subsidiary Direct Line Group on the London stock market ahead of a full sale off the unit by the end of 2014 RBS raised at least £787 million ($1.261 billion,

Published 15 Oct, 2012 12:00am

AirAsia's Fernandes plans triple IPO in 2013

Malaysian tycoon Tony Fernandes plans to raise up to $550 million by listing shares in the long-haul arm and Indonesian unit of AirAsia as well as in his insurance firm, a source said on October 11.

Published 15 Oct, 2012 12:00am

AirAsia's Fernandes plans triple IPO in 2013

Malaysian tycoon Tony Fernandes plans to raise up to $550 million by listing shares in the long-haul arm and Indonesian unit of AirAsia as well as in his insurance firm, a source said on October 11.

Published 15 Oct, 2012 12:00am

AIA to buy ING's Malaysian unit for $1.73 billion

Asian insurance giant AIA said on October 11 it will buy ING's Malaysian insurance unit for $1.73 billion, the Dutch banking firm's first step in selling off its assets in the region.

Published 15 Oct, 2012 12:00am

Qatar cash, prospects lure top bankers to local firms

Qatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich Gulf state builds the talent needed to expand its financial footprint across the region. The trend is a reversal of the traditional pattern

Published 15 Oct, 2012 12:00am

City chief tells Balotelli to set better example

Manchester City's controversial striker Mario Balotelli has been warned he must set a better example with his behaviour on and off the pitch.

Published 15 Oct, 2012 12:00am

Del Potro back in Vienna after injury exile

Juan Martin del Potro makes his return after one month away with wrist problems as top seed at the ATP Vienna Open starting on Monday. The Argentine, who lost the title match a year ago to Frenchman Jo-Wilfried Tsonga, has been absent since winning his on

Published 15 Oct, 2012 12:00am

Formula One: Vettel wins in S Korea to usurp Alonso

A peerless Sebastian Vettel leapfrogged Fernando Alonso at the top of the world championship on Sunday as the Red Bull driver led from the first corner to win the Korean Grand Prix. With four races to go starting in India in two weeks, Vettel, the reignin

Published 15 Oct, 2012 12:00am

Rooney is England's future captain says Hodgson

Roy Hodgson has revealed that he sees Manchester United striker Wayne Rooney as England's future captain. With regular skipper Steven Gerrard suspended and vice-captain Frank Lampard injured for Friday's World Cup qualifier against San Marino, England man

Published 15 Oct, 2012 12:00am

UAE tackles 'racist' AFC over 'sand monkey' insult

The United Arab Emirates football federation on Sunday accused the Asian Football Confederation (AFC) of racism for describing its team as "sand monkeys." "We express our strong resentment over the use of this bad description by the AFC website," in a mat

Published 15 Oct, 2012 12:00am

Zidane to take first steps to becoming coach

Former France captain Zinedine Zidane will take his first steps towards becoming a fully-fledged football coach when he sits the preliminary coaching exams this year. In an interview with L'Equipe newspaper on Sunday, Zidane said: "I'll pass my coaching d

Published 15 Oct, 2012 12:00am

India's cricket board calls bids for new IPL team

India's cricket board Sunday invited bids for a new team in the Indian Premier League after it expelled the cash-strapped Deccan Chargers team from the tournament. The franchise was terminated last month over a number of violations including non-payment o

Published 15 Oct, 2012 12:00am

Watson beats Chang to win first WTA title

Heather Watson edged past Taiwan's Chang Kai-chen in a marathon final at the Japan Women's Open tennis tournament on Sunday, to become the first Briton in 24 years to win a WTA title. The 20-year-old, in her first WTA final, squandered one match point whi

Published 15 Oct, 2012 12:00am

Rioting fans shame Senegal after Drogba brace

Rioting supporters shamed Senegal this weekend as a 2013 Africa Cup of Nations qualifier against Ivory Coast was abandoned late in the second half. Fires were lit using rubbish inside the 60,000-seat Stade Leopold Senghor in Dakar and stones, chairs and b

Published 15 Oct, 2012 12:00am

Cycling: Armstrong could take lie detector test, says lawyer

Lance Armstrong could be willing to take a lie detector test as he tries to prove he is not guilty of doping allegations, the American's lawyer claimed on Sunday.

Published 15 Oct, 2012 12:00am

Indian pair win Shanghai Masters

Australian Open champions Leander Paes of India and Radek Stepanek of the Czech Republic on Sunday came from behind to win the Shanghai Masters doubles title 6-7 (7/9), 6-3, 10/5. The fourth seeds, who have already booked a place at next month's elite eig

Published 15 Oct, 2012 12:00am

Djokovic denies Murray in Shanghai thriller

Novak Djokovic gained sweet revenge for his US Open defeat to Andy Murray on Sunday, saving five match points to seal a stunning 5-7, 7-6 (13/11), 6-3 victory in the Shanghai Masters final. The iron-willed Serbian was second-best for long stretches but re

Published 15 Oct, 2012 12:00am

Iran says it will cut imports of non-essential goods

Iran said it would seek to cut imports of non-essential goods and urged its citizens to reduce their use of foreign-made mobile telephones and cars, as the country struggles to cope with Western economic sanctions.

Published 15 Oct, 2012 12:00am

UN meet in Rome to debate easing global food prices

The international community is gathering in Italy for World Food Day on Tuesday with a round of UN-hosted talks on how to keep global food prices in check and help prevent future commodity market crises. "Food prices are too volatile and are dangerously h

Published 15 Oct, 2012 12:00am

Germany, Singapore ink deal against tax evasion

Germany and Singapore agreed Sunday to improve co-operation to clamp down on tax evasion, the German finance ministry said in a statement. Both countries have agreed to incorporate the latest Organisation for Economic Co-operation and Development (OECD) s

Published 15 Oct, 2012 12:00am

German finance minister rules out Greek default

German Finance Minister Wolfgang Schaeuble said on Sunday he was confident there would be no sovereign debt default in Greece. "I think that a sovereign default in Greece will not happen," Schaeuble told business leaders in Singapore. He also ruled out a

Published 15 Oct, 2012 12:00am

Failed EADS-BAE merger: a dream lost in political translation

The merger was meant to be unprecedented but the attempts to tie up European aerospace group EADS and Britain's BAE Systems last week to create the biggest aerospace and defence group in the world got mired in the quicksand of politics and eventually fail

Published 15 Oct, 2012 12:00am

China central bank focused on inflation before growth

China's deputy chief central banker said Sunday his top priority is to control inflation, despite calls by developed economies to ramp up consumer demand and domestic pressure to chase growth.

Published 15 Oct, 2012 12:00am

Euro zone crisis weighs on Middle East investment: IMF

Uncertainty over the euro zone debt crisis is now showing signs of restraining business and household spending in the Middle East, a top IMF official said on Sunday after weekend meetings of the International Monetary Fund and World Bank.

Published 15 Oct, 2012 12:00am

China IMF boycott 'a sign of things to come': analysts

China's top level boycott of global financial meetings in Japan this week is a sign of things to come, analysts say, as an economically emboldened Beijing shows struggling Western nations it doesn't need to play by their rules.

Published 15 Oct, 2012 12:00am

Afghanistan publishes mining contracts in anti-graft fight

Afghanistan's government released on Sunday the details of scores of mining and energy contracts, including a major Chinese deal, in an effort to counter rampant corruption and bribery of officials worrying resource investors and donors alike.

Published 15 Oct, 2012 12:00am

French deputy mayor among suspects in money laundering probe

French police have arrested 17 people, including the deputy mayor of a Paris district, in an operation with Swiss police into the suspected laundering of about 40 million euros ($52 million) of drug money. Prosecutors in Geneva said Saturday that Swiss po

Published 15 Oct, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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