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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-10-17
Indian shares down

Indian shares down

Indian shares fell on Tuesday as Tata Motors retreated after monthly sales at unit Jaguar Land Rover disappointed, while Reliance Industries was pressured by profit-taking after quarterly earnings met forecasts. After surging 7.7 percent in September, Ind
Published 17 Oct, 2012 12:00am
Gains in bank stocks lead European shares higher

Gains in bank stocks lead European shares higher

Gains in financial shares led European stock markets higher on Tuesday, and persistent speculation Spain may be edging closer to asking for a sovereign bailout also lifted equities. The FTSEurofirst 300 index closed up 1.4 percent at 1,113.14 points. The
Published 17 Oct, 2012 12:00am
Southeast Asian markets: Indonesian index at all-time high

Southeast Asian markets: Indonesian index at all-time high

Southeast Asian stock markets ended mostly higher on Tuesday as steadier global stock markets bolstered bargain hunting in recently battered bluechips such as Indonesia's Astra International Tbk and Philippines' PLDT. Jakarta's Composite Index edged up 0.
Published 17 Oct, 2012 12:00am
Australian shares end up

Australian shares end up

Australian shares gained 0.2 percent on Tuesday as investors pinned hopes on further easing by the Reserve Bank of Australia to boost the flagging economy, but the market ended off highs on wariness ahead of key data this week. "We are all a little bit ca
Published 17 Oct, 2012 12:00am
FTSE powers higher on growing Spain bailout hopes

FTSE powers higher on growing Spain bailout hopes

Britain's top share index notched up strong gains on Tuesday, and was on the cusp of breaking out of its recent trading range, as investors welcomed a media report saying Germany could adopt a softer approach towards financial aid to Spain. The index was
Published 17 Oct, 2012 12:00am
Sterling soars against dollar

Sterling soars against dollar

Sterling rose against the dollar on Tuesday as demand for perceived riskier currencies improved, although it lagged the euro on concerns that slowing UK inflation will give the Bank of England more room to ease policy. The pound rose to $1.6120, trading a
Published 17 Oct, 2012 12:00am
Dollar hits one-month high against yen in Asia

Dollar hits one-month high against yen in Asia

The dollar hit a one-month high against the yen on Tuesday and tested a key resistance level after US retail sales data came in stronger than expected. That added to positive sentiment for the US currency which has been supported by the Softbank-Sprint de
Published 17 Oct, 2012 12:00am
Euro rises versus dollar in London

Euro rises versus dollar in London

The euro rose against the dollar on Tuesday, helped by persistent talk Spain may soon ask for a bailout and tentative signs of improving confidence in the German economy. Solid US retail sales and company results that eased global economic concerns also b
Published 17 Oct, 2012 12:00am
Euro stays flat

Euro stays flat

The euro ended flat against the dollar on Monday in a day of volatile trade, as investors awaited clarity on when Spain may request a bailout that would set the stage for the European Central Bank to lower its cost of borrowing by buying its debt. Uncerta
Published 17 Oct, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.24-81.25 (previous 81.24-81.26). Call Money Rates: 09.00-10.00 percent (previous 06.00-10.00 percent).
Published 17 Oct, 2012 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rose on Tuesday, snapping a two-session losing streak as demand for global risk assets was bolstered by better-than-expected US and German economic indicators, and talk Spain may soon ask for a bailout. However, domestic factors capped br
Published 17 Oct, 2012 12:00am
South Korean won hits one-year high

South Korean won hits one-year high

South Korea's won hit a near one-year high on Tuesday as appetite for emerging Asian currencies improved after stronger-than-expected US corporate earnings and retail data slightly eased concerns about the recovery in the world's top economy. Further gain
Published 17 Oct, 2012 12:00am
Swiss franc up

Swiss franc up

The Swiss franc was up slightly against the euro and the dollar on Tuesday as concern about the eurozone debt crisis is still not off the table, making the safe-haven currency once again more attractive. The franc rose 0.3 percent against the dollar to tr
Published 17 Oct, 2012 12:00am
New Zealand dollar slips

New Zealand dollar slips

The New Zealand dollar slipped on Tuesday and underperformed its Australian peer after a surprisingly low reading on inflation juiced rate cut speculation, though most analysts still see steady policy in New Zealand for a long time to come.
Published 17 Oct, 2012 12:00am
Yuan at record high

Yuan at record high

The yuan closed at a record high on Tuesday after a day marked by light trade and low volatility, but traders said bargain-shopping for dollars by metals and oil companies is set to put the brakes on further yuan appreciation.
Published 17 Oct, 2012 12:00am
Qatar lose ground, Australia beat Iraq

Qatar lose ground, Australia beat Iraq

A Doha double bill on Tuesday produced defeat for Qatar and a crucial win for Australia in the fight to seal tickets for the 2014 World Cup in Asian Zone qualifying. First up were Qatar who lost a golden opportunity to move closer to the finals in Brazil
Published 17 Oct, 2012 12:00am
Djokovic 'inspired' by $10 million charity tie-up

Djokovic 'inspired' by $10 million charity tie-up

Serbian tennis star Novak Djokovic, aiming to finish the year as the world number-one, said Tuesday he was getting inspiration from a $10 million charity tie up with a Japanese clothing firm. Cheap-chic giant Uniqlo has put up the money for the fund, whic
Published 17 Oct, 2012 12:00am
Brazil thump Japan 4-0

Brazil thump Japan 4-0

Next World Cup hosts Brazil breezed past reigning Asian champions Japan 4-0 in a friendly here on Tuesday with two goals from Neymar and one each from Paulinho and Kaka. Corinthians midfielder Paulinho beat Japan's keeper Eiji Kawashima 12 minutes into th
Published 17 Oct, 2012 12:00am
Bin Hammam makes new CAS appeal

Bin Hammam makes new CAS appeal

Mohamed Bin Hammam, the ex-Asian football chief suspended by FIFA, has lodged a fresh appeal with the Court of Arbitration for Sport (CAS), he told AFP on Monday. "My lawyers and myself are appealing to CAS," the 63-year-old Qatari confirmed. Bin Hammam h
Published 17 Oct, 2012 12:00am
Klose wins fair play prize

Klose wins fair play prize

Germany striker Miroslav Klose on Tuesday received a fair play prize from the German Football Federation (DFB) after admitting a goal he had scored last month in the Italian league was a handball. The 34-year-old, who has scored 65 times for Germany in 12
Published 17 Oct, 2012 12:00am
Tendulkar to be given Australia honour

Tendulkar to be given Australia honour

India's record-breaking batsman Sachin Tendulkar is to be conferred with membership of the Order of Australia, visiting Prime Minister Julia Gillard said in New Delhi on Tuesday. Gillard, currently on a three-day state visit to India, told reporters that
Published 17 Oct, 2012 12:00am
Senegal kicked out of Africa Cup of Nations

Senegal kicked out of Africa Cup of Nations

Senegal have been disqualified from the 2013 Africa Cup of Nations after crowd trouble forced their qualifier with Ivory Coast to be abandoned, the Confederation of African Football (CAF) governing body said Tuesday. The decision was taken at a CAF discip
Published 17 Oct, 2012 12:00am
Batsmen face 'baptism of fire' in Australia: coach

Batsmen face 'baptism of fire' in Australia: coach

Top order batsmen will face a "baptism of fire" in South Africa's upcoming tour Down Under as the world's two best pace line-ups face off, Australian coach Mickey Arthur said Tuesday. Australia are hoping to reclaim cricket's world number one ranking over
Published 17 Oct, 2012 12:00am
World XI to visit Pakistan for exhibition Twenty20

World XI to visit Pakistan for exhibition Twenty20

Pakistan will host a World XI for two Twenty20 matches, officials said Tuesday, in hopes of moving a step closer to resuming home internationals which have been suspended for more than three years. Foreign sides have refused to play in Pakistan since 2009
Published 17 Oct, 2012 12:00am
BAE chief blames Merkel for collapse of EADS tie

BAE chief blames Merkel for collapse of EADS tie

The head of British defence manufacturer BAE has blamed Germany's chancellor Angela Merkel for last week's collapse of a merger with European aerospace group EADS, in an interview published on Tuesday. "Merkel surprised Tom Enders (the EADS chief executiv
Published 17 Oct, 2012 12:00am
Foreign long-term US asset demand jumps

Foreign long-term US asset demand jumps

Foreign demand for long-term US securities hit a seven-month high in August as investors sharply increased purchases of corporate and agency debt, the US Treasury said on Tuesday. Demand for US government bonds slipped slightly, however, and China's Treas
Published 17 Oct, 2012 12:00am
Foreign long-term US asset demand jumps

Foreign long-term US asset demand jumps

Foreign demand for long-term US securities hit a seven-month high in August as investors sharply increased purchases of corporate and agency debt, the US Treasury said on Tuesday. Demand for US government bonds slipped slightly, however, and China's Treas
Published 17 Oct, 2012 12:00am
Spain clears short-term debt hurdle, longer sale awaits

Spain clears short-term debt hurdle, longer sale awaits

Spain sold more short-term debt than planned on Tuesday at slightly lower rates than a month ago, attracting investors who traded on expectations that a sovereign aid request could be near. Ratings agency Standard & Poor's cut Spain's debt rating to one n
Published 17 Oct, 2012 12:00am
Coca-Cola's revenue misses expectations

Coca-Cola's revenue misses expectations

Coca-Cola Co reported quarterly revenue that came in short of Wall Street expectations on Tuesday, hurt by declines in Europe and Asia where it sold more lower-priced drinks amid economic uncertainty the company expects to continue into 2013. The world's
Published 17 Oct, 2012 12:00am
Coca-Cola's revenue misses expectations

Coca-Cola's revenue misses expectations

Coca-Cola Co reported quarterly revenue that came in short of Wall Street expectations on Tuesday, hurt by declines in Europe and Asia where it sold more lower-priced drinks amid economic uncertainty the company expects to continue into 2013. The world's
Published 17 Oct, 2012 12:00am
US factory output up modestly, inflation looks in check

US factory output up modestly, inflation looks in check

The US economy came under pressure from abroad in September as weak global demand appeared to hold back factory output and a surge in gasoline prices dented consumers' spending power, data showed on Tuesday. Other data showed only mild underlying inflatio
Published 17 Oct, 2012 12:00am
Europe's car sales fall at fastest pace in a year

Europe's car sales fall at fastest pace in a year

Europe's new car market shrank at the fastest pace in the past 12 months in September, leaving nearly all major brands nursing double-digit declines, as tight household budgets kept drivers away from showrooms. New car registrations in the European Union
Published 17 Oct, 2012 12:00am
Goldman's investment gains lead to profit beat

Goldman's investment gains lead to profit beat

Goldman Sachs Group Inc reported higher-than-expected quarterly earnings on Tuesday as revenue more than doubled on big gains in stocks and bonds that the Wall Street bank holds as investments. However, return on equity - a measure of how the company wrin
Published 17 Oct, 2012 12:00am
Goldman's investment gains lead to profit beat

Goldman's investment gains lead to profit beat

Goldman Sachs Group Inc reported higher-than-expected quarterly earnings on Tuesday as revenue more than doubled on big gains in stocks and bonds that the Wall Street bank holds as investments. However, return on equity - a measure of how the company wrin
Published 17 Oct, 2012 12:00am
Iraq suspends central bank governor in forex probe

Iraq suspends central bank governor in forex probe

Iraq's cabinet named an interim central bank chief on Tuesday after the bank's well-respected governor, who was on an overseas trip, was suspended amid a currency manipulation probe. The move followed the announcement of an inquiry into allegations that o
Published 17 Oct, 2012 12:00am
German ZEW index climbs

German ZEW index climbs

German analyst and investor sentiment rose for a second month in a row in October, a survey showed on Tuesday, suggesting fears that the euro zone's debt crisis will escalate and damage the bloc's largest economy are easing. The Mannheim-based ZEW said se
Published 17 Oct, 2012 12:00am
World faces 'dangerous' economic cocktail: OECD

World faces 'dangerous' economic cocktail: OECD

The world faces a "dangerous" cocktail of low growth and high unemployment, OECD chief Angel Gurria said on Tuesday, after the global body warned of gloomier prospects for major economies. The Organisation for Economic Co-operation and Development (OECD),
Published 17 Oct, 2012 12:00am
UK growth miss blamed on exports, credit - austerity

UK growth miss blamed on exports, credit - austerity

Inflation, weak exports and tight credit were the main reasons Britain's growth forecasts were wrong over the past two years, the government body responsible said on Tuesday, while austerity may also have hurt more than first assumed.
Published 17 Oct, 2012 12:00am
Russia launches anti-smoking crackdown

Russia launches anti-smoking crackdown

Russia launched a crackdown on smoking on Tuesday with a bill to ban tobacco advertising and raise taxes on cigarettes to help tackle a public health crisis in the world's second largest tobacco market after China. Prime Minister Dmitry Medvedev said in a
Published 17 Oct, 2012 12:00am
Obama faces off with surging Romney

Obama faces off with surging Romney

Barack Obama will be "strong" and "passionate" in his make-or-break second debate Tuesday with Mitt Romney, a top advisor said, as the president's re-election hopes hang in the balance. Obama and Romney meet on Long Island near New York after the Republic
Published 17 Oct, 2012 12:00am
About $1 billion frozen in Switzerland after Arab Spring: Bern

About $1 billion frozen in Switzerland after Arab Spring: Bern

Switzerland has blocked nearly one billion Swiss francs ($1.1 billion, 800 million euros) in assets linked to former autocratic Middle Eastern leaders since the Arab Spring, the Swiss foreign ministry said Tuesday.
Published 17 Oct, 2012 12:00am
About $1 billion frozen in Switzerland after Arab Spring: Bern

About $1 billion frozen in Switzerland after Arab Spring: Bern

Switzerland has blocked nearly one billion Swiss francs ($1.1 billion, 800 million euros) in assets linked to former autocratic Middle Eastern leaders since the Arab Spring, the Swiss foreign ministry said Tuesday.
Published 17 Oct, 2012 12:00am
Syria 'ready to explore truce' even as it bombs rebels

Syria 'ready to explore truce' even as it bombs rebels

Syria said on Tuesday that it was interested in exploring a proposal by the UN and Arab League peace envoy for a truce later this month even as it unleashed multiple air strikes on rebel positions on a key highway. The Syrian Observatory for Human Rights
Published 17 Oct, 2012 12:00am
High food prices top UN agenda on World Food Day

High food prices top UN agenda on World Food Day

Global governance of food security and a so-called new world food order were on the table at World Food Day talks held by the United Nations on Tuesday in the face of drought and high prices. The United Nations focused the talks in Rome on lowering food p
Published 17 Oct, 2012 12:00am
British man charged over Syria journalist kidnappings

British man charged over Syria journalist kidnappings

British police on Tuesday charged a man with kidnapping two Western journalists in Syria, one week after he was arrested at London's Heathrow Airport, Scotland Yard said. Shajul Islam, 26, is alleged to have "unlawfully and injuriously imprisoned" photogr
Published 17 Oct, 2012 12:00am
Iran slams EU satellite bans as illegal

Iran slams EU satellite bans as illegal

Iran on Tuesday slammed a decision by France's Eutelsat and Arqiva of Britain to stop broadcasting Iranian state television channels as "without legal justification." "The Islamic Republic of Iran Broadcasting (IRIB) has contracts going back 20 years with
Published 17 Oct, 2012 12:00am
Britain blocks extradition of hacker to US

Britain blocks extradition of hacker to US

Hacker Gary McKinnon, an Asperger's sufferer who broke into US military computers and who has fought a decade-long fight against extradition, will not be sent to the United States, Britain said Tuesday. "Mr McKinnon is accused of serious crimes, but there
Published 17 Oct, 2012 12:00am
Two US sailors arrested over Okinawa rape

Two US sailors arrested over Okinawa rape

Two US servicemen were arrested Tuesday on suspicion of raping a Japanese woman in Okinawa, reports said, as anti-American feeling runs high on the strategically vital island. The incident comes amid swelling protests over the recent deployment on the isl
Published 17 Oct, 2012 12:00am
EU health commissioner resigns

EU health commissioner resigns

European Union Health and Consumer Policy Commissioner John Dalli resigned Tuesday after being cited in a probe by the EU anti-fraud office over a tobacco-linked influence-peddling claim. The European Commission said the Maltese commissioner left "with im
Published 17 Oct, 2012 12:00am
Cuba scraps despised exit permit for foreign travel

Cuba scraps despised exit permit for foreign travel

Cubans will no longer need an exit permit to travel abroad from January, the communist regime said on Tuesday, in a major overhaul of a half-century-old policy despiised by the island's citizens The changes are the latest in a series of gradual reforms im
Published 17 Oct, 2012 12:00am
Trade policy framework likely to be approved before Eid: minister

Trade policy framework likely to be approved before Eid: minister

The government on Tuesday informed the Senate that Strategic Trade Policy Framework (STPF) for the next three years, designed to boost country's exports, would be approved by next week, prior to Eidul Azha and talks with EU countries were going on regardi
Published 17 Oct, 2012 12:00am
Four killed in sectarian violence in Quetta

Four killed in sectarian violence in Quetta

Gunmen shot dead four Shias on Tuesday, in a fresh sectarian attack here on Tuesday said. All those killed ran junk and scrap shops in Kabari Market. "It was a sectarian attack. Gunmen on motorbikes opened fire on them and drove away," Asif Ghafoor, a sen
Published 17 Oct, 2012 12:00am
Pakistan is now a wheat exporting country: Zardari

Pakistan is now a wheat exporting country: Zardari

The government achieved remarkable successes in the agriculture sector, wheat production in Pakistan reached highest-ever level of 25 million tons and now Pakistan is recognised as a net wheat exporting country. President Asif Ali Zardari said this in a m
Published 17 Oct, 2012 12:00am
New York cotton jumps 4 percent

New York cotton jumps 4 percent

US cotton jumped nearly 4 percent on Tuesday in its biggest one-day rally in more than two months as traders chased prices up on worries about the quality of fibre that the market will be seeing in the near term. Some traders said they suspected cotton co
Published 17 Oct, 2012 12:00am
Shanghai copper soars

Shanghai copper soars

The most active January copper contract on the Shanghai Futures Exchange edged up 0.4 percent to close the session at 58,790 yuan ($9,400) per tonne on Tuesday. "Shanghai copper prices are consolidating after yesterday's fall and are likely to range betwe
Published 17 Oct, 2012 12:00am
Copper rebounds

Copper rebounds

Copper rebounded from one-month lows on Tuesday, lifted by rising equities and a stronger euro, but uncertainty about the outlook for demand kept a lid on prices. Investors were also buoyed by hopes that a meeting of European leaders later in the week mig
Published 17 Oct, 2012 12:00am
Brent falls as November contract expires, US crude rises

Brent falls as November contract expires, US crude rises

Brent crude prices fell on Tuesday as the front-month November contract expired ahead of weekly inventory reports expected to show US crude oil inventories rose last week. Expiring November Brent retreated only after reaching a four-week high above $116 a
Published 17 Oct, 2012 12:00am
Tokyo rubber futures recover

Tokyo rubber futures recover

Key TOCOM rubber futures recovered from a four-day decline on Tuesday as higher share prices in Asia encouraged investors to buy on dips. The benchmark contract had touched a two-week low in the previous session. There was some caution before China announ
Published 17 Oct, 2012 12:00am
Soya falls two percent

Soya falls two percent

US soyabean futures fell nearly 2 percent to a 3-1/2-month low on Monday breaking key technical support at the $15 per bushel mark in a sell-off on anticipation of a bumper crop in South America and improving harvest yields in the United States.
Published 17 Oct, 2012 12:00am
Palm oil lower

Palm oil lower

Malaysian palm oil futures ended slightly lower on Tuesday after top industry analysts projected weaker prices and as investors digested news that export tax cuts will only take effect next year. Palm oil prices have fallen by a fifth since the start of t
Published 17 Oct, 2012 12:00am
Soft commodities up

Soft commodities up

Cocoa futures bounced higher on Tuesday as dealers expressed relief that the latest European grind data was in line with expectations, while sugar and arabica coffee moved higher in thin dealings. Europe's third-quarter cocoa grind, an indicator of demand
Published 17 Oct, 2012 12:00am
Gold drops 1 percent in New York

Gold drops 1 percent in New York

Gold dropped 1 percent on Monday, its biggest one-day drop since July, as encouraging US retail sales data prompted funds to reduce their bullish bets in bullion after its recent sharp rally. Spot gold was down 1 percent at $1,737.03 an ounce by 2:30 pm E
Published 17 Oct, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold inched up on Tuesday, off a one-month low hit in the previous session, but upbeat US retail sales data appeared to undermine the necessity for stimulus measures and dented gold's appeal as a hedge against monetary easing. Spot gold inched up 0.2 perc
Published 17 Oct, 2012 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold prices rose back above $1,740 an ounce on Tuesday, recovering from the previous session's one-month low, as a weaker dollar, stronger stock markets and lower prices tempted buyers back to the metal. The euro and equity markets rose as hopes that debt
Published 17 Oct, 2012 12:00am
US MIDDAY: soya gains

US MIDDAY: soya gains

US soyabean futures rose nearly 1 percent on Tuesday from 3-1/2-month lows the previous session, aided by a weak dollar, bargain buying and signs of Chinese purchases at cheaper prices. Corn and wheat also rose, with each commodity recovering from two con
Published 17 Oct, 2012 12:00am
US MIDDAY: gold rebounds

US MIDDAY: gold rebounds

Gold rose early on Tuesday after two days of sharp losses, lifted by a dollar drop and after data showed US consumer prices climbed but seen unlikely to derail the Federal Reserve's ultra-easy monetary policy. The metal rebounded from Monday's one-month l
Published 17 Oct, 2012 12:00am
Seminar

Seminar

The Liaquat University of Medical & Health Sciences Jamshoro (LUMHS) is organising a seminar on "Genotype of Thalassemia patients as predictor for prognosis & management without blood transfusion," on Friday (today). Thalassemia is the most common inherit
Published 17 Oct, 2012 12:00am
Abdominal diseases may hit flood-hit areas

Abdominal diseases may hit flood-hit areas

Sindh's Health and Local Government departments and humanitarian development agencies' less than satisfactory involvement in ensuring potable water and proper sanitation facilities in the flood-ravaged districts has resulted in increased health risks, esp
Published 17 Oct, 2012 12:00am
PML-N strongly supports action against terrorists

PML-N strongly supports action against terrorists

Leader of Pakistan Muslim League (Nawaz) Marvi Memon has strongly supported the action against militants and extremist groups following acid attack on girls' students claimed by Tehreek-e-Taliban Pakistan (TTP), saying the state was responsible to maintai
Published 17 Oct, 2012 12:00am
Delegation leaves for Turkey

Delegation leaves for Turkey

A 10-member delegation of the provincial government, led by provincial Minister for Planning and Development and Energy, Chaudhry Abdul Ghafoor, has left for Turkey on 8-day tour. Secretary Minerals Shahid Mahmood and Secretary Energy are also accompanyin
Published 17 Oct, 2012 12:00am
SPLG law a conspiracy against Sindh: PML-N

SPLG law a conspiracy against Sindh: PML-N

President, Pakistan Muslim League-Nawaz (PML-N) Sindh, Ghous Ali Shah, has termed the recently enacted local government law as a conspiracy against the people of Sindh. Addressing a press conference here at his residence he claimed that the PPP had lost i
Published 17 Oct, 2012 12:00am
PML-N leader joins PML-Q

PML-N leader joins PML-Q

PML-N local leader Nasir Ramzan Gujjar called on PML-Q senior leader and Deputy Prime Minister Chaudhry Pervaiz Elahi at his residence here on Tuesday and reposed confidence in the leadership of PML-Q. He expressed his confidence in the leadership of Chau
Published 17 Oct, 2012 12:00am
Darawat Dam project: land acquisition issue to be resolved soon

Darawat Dam project: land acquisition issue to be resolved soon

Divisional Commissioner Hyderabad Ahmed Bux Narejo has directed the executing authorities of Darawat Dam project to keep their ongoing works continue as per their schedule and assured that the matter for land acquisition pertaining to development works of
Published 17 Oct, 2012 12:00am
Punjab SCCB meets today

Punjab SCCB meets today

Punjab Sugar Cane Control Board (SCCB) is meeting today (Wednesday) to fix the minimum procurement price for sugarcane for the year 2012-13. The meeting will be held at 4:00 pm in the Punjab Agriculture House in which stakeholders will submit their propos
Published 17 Oct, 2012 12:00am
LUMHS staff hold protest

LUMHS staff hold protest

The administration of Liaquat University of Medical & Health Sciences Jamshoro (LUMHS) has informed the office-bearer of "Liaquat University Staff welfare Association" (LUSWA) that all the genuine and legal demands of the staff shall be included in the ag
Published 17 Oct, 2012 12:00am
Town administrators visit KATI

Town administrators visit KATI

Korangi Town Administrator Sami Khan and Landhi Town Administrator Abdur Rashid on Tuesday visited Korangi Association of Trade and Industry (KATI). They assured KATI Chairman Mohammad Zubair Chhaya and other office-bearers of the association that the Sin
Published 17 Oct, 2012 12:00am
SECP to issue microinsurance sector regulation policy

SECP to issue microinsurance sector regulation policy

The Security and Exchange Commission of Pakistan (SECP) has launched the country diagnostic report that covers the demand and supply-side analysis of microinsurance in Pakistan. The report was launched during the Policy Roundtable on Microinsurance held h
Published 17 Oct, 2012 12:00am
Primus Investments, CDC sign trust deed

Primus Investments, CDC sign trust deed

Primus Investment Management Limited (Primus Investments) and the Central Depository Company (CDC) signed a trust deed on October 15, for the Primus Daily Reserve Fund (Primus DRF). Primus DRF shall be an open-end money market fund, constituted under Non-
Published 17 Oct, 2012 12:00am
Primus Investments, CDC sign trust deed

Primus Investments, CDC sign trust deed

Primus Investment Management Limited (Primus Investments) and the Central Depository Company (CDC) signed a trust deed on October 15, for the Primus Daily Reserve Fund (Primus DRF). Primus DRF shall be an open-end money market fund, constituted under Non-
Published 17 Oct, 2012 12:00am
FFC's new head office inaugurated

FFC's new head office inaugurated

Lieutenant General Muhammad Arif Bangash (Retd), HI(M), inaugurated the newly constructed Head Office building of Fauji Fertiliser Company (FFC), designated as Sona Tower, on October 15. Fauji Foundation Chairman Lieutenant General Muhammad Mustafa Khan (
Published 17 Oct, 2012 12:00am
IBA, ISB commence first joint executive education programme

IBA, ISB commence first joint executive education programme

The Institute of Business Administration (IBA), Karachi and the Indian School of Business (ISB), Hyderabad on Tuesday announced the commencement of their first joint executive education programme in Pakistan. The programme titled 'Leadership skills for to
Published 17 Oct, 2012 12:00am
Bilateral Investment Treaty to be signed soon: Dodman

Bilateral Investment Treaty to be signed soon: Dodman

"US cares deeply about promoting Pakistan's economic development and it is an avowed desire that Pakistan soon moves out of being a developing nation depended on GSP or preferential concessions to increase trade. Preferential trade should not be the goal
Published 17 Oct, 2012 12:00am
80 suspects nabbed during search operation in Capital

80 suspects nabbed during search operation in Capital

Islamabad Police on Tuesday conducted search operation in outskirts of the city and nabbed a total of 80 suspects, a police spokesman said. The search operation was conducted by Ramna and Koral police stations in various areas including Meera Abadai, G-11
Published 17 Oct, 2012 12:00am
Hazara community: Altaf condemns killings in Quetta

Hazara community: Altaf condemns killings in Quetta

Muttahida Quami Movement (MQM) Chief Altaf Hussain has condemned the ruthless killing of four people belonging to the Hazara community in Quetta by armed terrorists. He demanded of the government to take severe notice of the cold-blooded murder and bring
Published 17 Oct, 2012 12:00am
APNS voices concern over threats issued by TTP

APNS voices concern over threats issued by TTP

The APNS expressed its concern over the statement of a spokesman of Tahreek-e-Taliban, Pakistan wherein the media persons and establishments were threatened of dire consequences, stated a press release of APNS. Masood Hamid, Secretary General of the All P
Published 17 Oct, 2012 12:00am
Mobile wallet accounts surge to nearly 1.45 million mark: Muktadir

Mobile wallet accounts surge to nearly 1.45 million mark: Muktadir

State Bank of Pakistan (SBP) Deputy Governor Kazi Abdul Muktadir on Tuesday said that Mobile Phone and Smart Card banking accounts had surged to nearly 1.45 million in Pakistan, which indicates that the country's financial sector was going through a dynam
Published 17 Oct, 2012 12:00am
CPLC-AVCU joint operation: Kidnapped businessman recovered

CPLC-AVCU joint operation: Kidnapped businessman recovered

A team of CPLC-AVCU in a joint operation recovered a kidnapped eighty years old businessman from Javed Bahria Town Housing Society near Hawks-bay in early hours on Tuesday. According to the details, Malik Zain-ul-Abideen a reputed businessman from Khyber
Published 17 Oct, 2012 12:00am
Excessive billing

Excessive billing

A letter dated 14th July 2012, authored by the Chairman of Lahore Electric Supply Corporation (Lesco) to his board of directors admitted that an internal audit revealed that excessive billing to cover line losses and reduce arrears was covered by excessiv
Published 17 Oct, 2012 12:00am
Bones under car park hold key to England's Richard III

Bones under car park hold key to England's Richard III

Archaeologists and one hopeful relative are anxiously waiting to see if a skeleton dug up from a hole in a car park in the English city of Leicester is the remains of the much-maligned King Richard III. More than five centuries after he was killed in the
Published 17 Oct, 2012 12:00am
Distrust, protests plunge Spain's democracy into crisis

Distrust, protests plunge Spain's democracy into crisis

Distrust of politicians has reached unprecedented levels in crisis-hit Spain, where street protests are turning increasingly violent. The rapid rise of economic precariousness or outright poverty has left the current political model in a "crisis of legiti
Published 17 Oct, 2012 12:00am
The science of economics

The science of economics

Wikipaedia defines Science (from Latin scientia, meaning "knowledge") as a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.[1] In an older and closely related meaning (found
Published 17 Oct, 2012 12:00am
FBR's revenue growth target

FBR's revenue growth target

The Federal Board of Revenue's (FBR) year book has termed the 2,381 billion rupee 2012-13 budgetary target as challenging as it envisages a whopping 27 percent growth over the previous year's collection. The year book also reveals that last year's total c
Published 17 Oct, 2012 12:00am
Fear, despair and doubt

Fear, despair and doubt

A wave of gloom pervades across the country. Just over a week on, the countrywide condemnation of dastardly attack on Malala Yousufzai remains relentless, and it's largely without prejudice to the positions taken by various political parties and schools o
Published 17 Oct, 2012 12:00am
PU-DLIS organises workshops

PU-DLIS organises workshops

Punjab University Department of Library and Information Science (DLIS) has organised two consecutive workshops on Research Ethics, End Note and Turnitin. These workshops were designed specifically for the PU faculty members to facilitate them in conductin
Published 17 Oct, 2012 12:00am
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